Spartan Resources (ASX:SPR) strikes gold north of Never NeverOctober 17, 2023
Spartan Resources has discovered more gold immediately north of the Never Never deposit at Patient Wolf, part of the Dalgaranga Gold Project in Western Australia.
The First Reverse Circulation hole drilled to test the new gold prospect just 1600 metres north of Never Never returned 10.00m @ 19.84g/t gold from 96.00m, incl. 4.00m @ 40.15g/t.
The strike unfolds amid more thick high-grade assays at its established deposit and from the nearby West Winds area and Arc gold prospect as the company looks to build up a high-grade inventory within a tight radius surrounding its Dalgaranga Process Plant.
More significant intersections
- 40.00m @ 7.03g/t gold from 160.00m incl. 14.30m @ 10.57g/t (DGDH037) – targeting
high-grade mineralisation at base of conceptual Never Never open pit.
- 18.00m @ 11.95g/t gold from 315.00m incl. 3.00m @ 40.30g/t (DGDH038) – expands
southern extent of thick high-grade mineralisation for future Resource update.
- 18.56m @ 6.71g/t gold from 495.00m incl. 2.56m @ 32.19g/t (DGRC1283-DT) –
deepest mineralised intercept to date at Never Never, located on boundary of
Indicated to Inferred classification.
- 20.52m @ 2.38g/t gold from 420.48m down-hole, incl. 5.00m @ 6.22g/t (DGDH039) –
hole intersected the southern West Winds high-grade target zone.
- 12.00m @ 2.49g/t gold from 353.00m & 7.00m @ 2.23g/t & 5.00m & 2.25g/t
(DGDH040) – hole deviated north of northern West Winds high-grade target zone.
- 4.00m @ 8.33g/t gold from 106m, incl. 1m @ 30.66g/t (DGRC1245) – Follow-up
An ongoing 25,000m multi-rig drill program will be expanded to 32,000m with up to six rigs on site.
An Updated global Mineral Resource statement for Dalgaranga is scheduled for December 2023 Quarter.
This will include an updated MRE for Never Never and the broader “Gilbey’s Complex”, including West Winds and Four Pillars.
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