Regener8 (ASX:R8R) strike high grade success at Niagara West

Regener8 Resources has successfully discovered high-grade gold during its initial drilling operation at the Niagara West tenements in Western Australia’s Northern Goldfields.

The RC drilling verified historical grades and extended mineralization, resulting in multiple targets with a high-grade gold interception.

Intersections up to 13.05g/t backed up outstanding past results and confirmed continuance along strike and depth at the May Prospect; new intercepts were recorded beneath Derwent, and gold was struck at the newly identified Green Bullet prospect.

It adds more high-grade returns from Regener8’s large Kookynie gold package sitting between Kalgoorlie and Leonora, a historically productive yet underexplored gold region subject to a new wave of exploration investment.

Genesis Minerals, Iris Minerals, Metalicity and Carnavale Resources are all active in the region, and Regener8 see the substantial workings, high-grade production and adjacent resources at its tenements as a prime combination to bring in new resources through an active exploration scheme.

May

• 5m @ 3.18 g/t Au from 29m, including 2 m@ 7.28 g/t Au from 29 m, which includes
  1m @ 13.05 g/t Au from 30m
• 2m @ 4.49 g/t Au from 39m, including 1m @ 8.42 g/t Au from 40m
• 1m @ 3.29 g/t Au from 59m
• 2m @ 2.15 g/t Au from 66 m, including 1m @ 3.6 g/t Au from 66m

 Historic intercepts

• 2m @ 70.5 g/t Au
• 2m @ 15.4 g/t Au
• 2m @ 11.32g/t Au including 1 m @ 19.3 g/t Au

Derwent (previously untested)

• 2 m @ 7.77 g/t Au from 45 m, including 1 m @ 14.8 g/t Au from 45m

Green Bullet

• 1m @ 2.28 g/t Au from 81m
• 2m @ 1.09 g/t Au from 56 m, including 1m @ 1.56 g/t Au from 57m
• 1m @ 2.97 g/t Au from 60m

Gold Outlook

After nudging closer to a new all-time high earlier in the year, gold prices had steadied around US$1950 per ounce. Still, they could be set for severe movement with the market entering a blockbuster week of financial news from the United States and China.

Project location map

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REGENER8 FPO [R8R]

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REGENER8 FPO [R8R]

Sector: Basic Materials

Industry: Gold

Employees:

Regener8 Resources NL engages in the exploration of mineral tenements in Western Australia. It explores for gold, silver, zinc, lead, copper, lithium, rare earth, precious and base metal deposits. The company was incorporated in 2021 and is headquartered in Osborne Park, Australia.