Drilling Recommences at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to announce the commencement of 2024 drilling activities at its Golden Range and Fields Find Projects in the Murchison region of Western Australia. Initial activities are focussed on an extensional Reverse Circulation (RC) drilling program at the sizeable Ricciardo gold deposit.

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HIGHLIGHTS:

• Warriedar's 2024 drilling activities in the Murchison have commenced with a 3,000m RC drilling program at the key Ricciardo deposit.
• The objectives of the drill program are to:

1. Extend known high grade shoots (adding high-grade ounces);

2. “Step-out” drilling to test for interpreted / new high-grade shoots (to add further high-grade ounces); and

3. Improve confidence of the existing Mineral Resource (upgrade classification) and evaluate early mining potential via cutback of existing pits.

• Ricciardo hosts an existing Mineral Resource (476 koz gold)¹ over a strike length of approx. 2.3km, and with very limited drilling below 100m depth.
• Ricciardo sits in the middle of the 25km long Golden Corridor at Golden Range, which hosts six discrete deposits that are all open at depth and possess immediate growth potential.
• Warriedar drilled three of these deposits last year (including Ricciardo) and successfully extended mineralisation at all three; key results from Ricciardo included (previously released):
  • 20m @ 4.78 g/t Au from 148m (RDRC019)
  • 6m @ 4.69 g/t Au from 142m (RDRC020)
  • 7m @ 4.48 g/t Au from 251m (RDRC002)
• A follow up diamond drilling program is planned at Ricciardo following completion of the current RC drilling.

Ricciardo possesses a current Mineral Resource estimate of 8.7 Mt @ 1.7 g/t Au for 476 koz gold (6 koz Measured, 203 koz Indicated, 267 koz Inferred).¹ Mineralisation at Ricciardo is comprised of a series of high-grade shoots. These shoots remain open at depth (where very limited drilling has been undertaken below 100m) and along strike (where additional high- grade shoots are interpreted but require follow up drilling).

As a result of its scale, grade and further immediate growth potential, Ricciardo is a key focus area for Warriedar this year. Ricciardo is located on a granted Mining Lease, is accessible via a well- conditioned haul road, and is located approx. 8 kms (by road) to Warriedar’s existing oxide process plant and approx. 26 kms (by road) to the neighbouring Golden Grove plant.

A follow-up diamond drilling program is planned at Ricciardo for further extensional and geotechnical testing purposes.

Figure 1: Location of the Ricciardo deposit within the Golden Range Project.

Figure 2: Ricciardo sits in the middle of the 25km long Golden Corridor, from Austin in the north to Bugeye in the south

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This article includes content from Warriedar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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