Waratah Minerals Limited of Australia drills 7.5 metres of high-grade gold mineralisation.

en.Wedoany.com Reported - On 9 November, Australia's Waratah Minerals Limited announced the latest diamond drilling results from the Spur gold project in New South Wales. Drill hole SPD101 intersected 19.5 metres at an average grade of 3.17 g/t gold from 191.5 metres depth, including 7.5 metres at 8.09 g/t and a 1-metre interval grading 50.64 g/t. Drilling during the same period also revealed more continuous gold mineralisation between the Spur mining area and the historic Essex mine to the north, with the results lying outside the existing mineral resource estimate published in October 2026.

The latest results cover five drill holes. Hole SPD094 intersected 170.6 metres at an average grade of 0.61 g/t gold from 220 metres depth, including 21 metres at 1.09 g/t from 335 metres depth; hole SPD091A intersected 157 metres at an average grade of 0.57 g/t from 225 metres depth, including 6 metres at 2.58 g/t from 270 metres depth. The two holes are located in the northern and eastern parts of the Spur mining area respectively, and the additional drilling has filled a gap in geological understanding of the area where the Spur mineralised zone extends toward the historic Essex mine.

Hole SPD101, on the western side of the Spur mining area, traced high-grade mineralisation along a west-dipping swarm of quartz monzonite dykes, extending the previously known mineralisation approximately 100 metres to the west. Another hole, SPD095, intersected mineralisation at both shallow and deep levels, including 57.05 metres at an average grade of 0.55 g/t gold from 585.95 metres depth, containing an 11.68-metre interval at 1.38 g/t. Hole SPD092, adjacent to the Consols mining area, extended mineralisation approximately 160 metres to the west, returning 143.5 metres at an average grade of 0.47 g/t gold.

The company currently has 12 drill rigs deployed along the approximately 6-kilometre-long Spur gold corridor, focusing on testing the depth and strike extensions of known mineralised bodies and the geological connections between different mining areas. The maiden mineral resource estimate published in October covered approximately 2 kilometres across the Spur and Consols mining areas, totalling approximately 3.1 million ounces at an average grade of 1.2 g/t gold. The new drilling lies outside some of the existing resource models, and follow-up drilling and resource model updates will be required to determine the actual contribution of the new mineralisation to the project's resource scale.