Waratah Minerals Uncovers New High-Grade Gold Zones at Spur Project
Waratah Minerals reports significant new gold assay results from its Spur Gold Project in New South Wales, revealing promising high-grade mineralisation and growth potential. Ongoing drilling continues to expand the resource footprint with multiple rigs active.
- SPD013 drill hole returns multiple high-grade gold intercepts including 7.5m at 6.24g/t Au
- SPD012 confirms down-dip mineralisation with 8m at 2.66g/t Au
- Six drill rigs active, two at Spur Zone, four targeting Consols Zone
- Results highlight potential for additional shallow high-grade resources
- Ongoing assays and drilling to further define mineralisation extent
Expanding the Spur Gold Project
Waratah Minerals has unveiled compelling new assay results from its flagship Spur Gold Project in New South Wales, underscoring the project's growing significance in the region. The recent diamond drilling at the Spur Zone, particularly drill hole SPD013, has returned multiple high-grade gold intercepts, including an impressive 7.5 metres at 6.24 grams per tonne (g/t) gold starting from just 63 metres depth. This highlights not only the richness of the mineralisation but also its accessibility near surface.
Complementing this, drill hole SPD012 at the southern end of the Spur Zone delivered an 8-metre intercept averaging 2.66 g/t gold from 270.8 metres, reinforcing the presence of down-dip and down-plunge mineralisation potential. These results collectively suggest a robust and expanding gold system with both shallow and deeper targets.
Active Drilling and Exploration Strategy
The company currently operates six drill rigs across the Spur Gold Project, with two rigs focused on the Spur Zone and four dedicated to the newly discovered Consols Zone. The Consols Zone has recently yielded wide and high-grade gold zones, prompting an aggressive follow-up drilling campaign. This multi-rig approach reflects Waratah’s commitment to accelerating exploration and resource definition across multiple promising targets within the project area.
Waratah’s Managing Director, Peter Duerden, emphasised the strategic importance of these results, noting the identification of higher-grade northerly plunging zones within a broader south plunging system. The discovery of an open zone at the western margin of Spur, indicated by the 7.5m at 6.24g/t Au intercept, points to further opportunities for expanding shallow high-grade resources.
Technical Rigor and Project Context
The company has maintained rigorous sampling and assay protocols, employing advanced photon assay techniques that provide a more robust quantification of gold content, especially in samples with coarse gold. This technical diligence enhances confidence in the reported results and supports ongoing resource evaluation efforts.
Located in the highly prospective East Lachlan region, the Spur Gold Project benefits from a geological setting known for epithermal-porphyry gold and copper mineralisation. Waratah’s tenure includes EL5238, which is fully owned and secured through recent licence renewal, ensuring operational continuity. The project also builds on historical exploration by previous operators, adding a layer of geological understanding that informs current drilling strategies.
Looking Ahead
With four assay results pending and six drill holes underway, Waratah Minerals is poised to further delineate the scale and grade of mineralisation at Spur and Consols. The company’s expanding exploration team and systematic drilling approach suggest a sustained momentum in unlocking the project’s potential. Investors and analysts will be watching closely for upcoming assay releases and any indications of resource upgrades.
Bottom Line?
Waratah Minerals’ latest drilling success at Spur signals a promising growth trajectory, but upcoming assays will be critical to confirming the project's full potential.
Questions in the middle?
- How will pending assay results impact the overall resource estimate at Spur and Consols?
- What are the implications of the northerly plunging high-grade zones for mining feasibility?
- How might Waratah’s exploration strategy evolve if further shallow high-grade zones are confirmed?
