Nex Metals Exploration and Akira Resources continue to expand Yundamindra gold mineralisation
The joint venture (JV) between Nex Metals Explorations (ASX: NME) and Arika Resources (ASX: ARI) has further expanded the Yundamindra gold project south-west of Laverton in Western Australia.
Project operator Arika has reported strong assay results from the recently completed diamond drilling campaign at the F1-Fault prospect, part of the Yundamindra gold project.
The Yundamindra project is contiguous with the recently announced $44 million Guyer JV between Iceni Gold (ASX: ICL) and Gold Road Resources (ASX: GOR).
Highlight intersection
Drilling at the F1-Fault, designed to test for depth extensions beyond the known limits of the near-surface mineralisation, comprised a single diamond-cored drill hole for a total of 201.8 metres.
The highlight intersection of 14.80m at 3.10 grams per tonne gold from 87m down-hole occurred 200m west of the ‘main’ Landed at Last trend, where Arika has returned a series of spectacular results.
“We are very encouraged by the assay results received from our first-ever diamond drilling into the F1-Fault prospect at Landed at Last,” Arika managing director Justin Barton said.
“Assays have returned a thick intercept of strong gold mineralisation including two high-grade intervals, which have extended the known mineralisation at depth.”
Advanced understanding
“Obtaining diamond drill core is a very valuable asset for our technical team in order to advance our understanding of the host rock lithologies and identify key structural controls that host the mineralisation at the F1-Fault and broader Landed at Last prospect, Mr Barton added.
“This information will enhance our ability to target mineralised extensions along strike and at depth, as well as help prioritise the vast pipeline of targets identified from the geophysics and geochemical reviews completed recently.”
“Together with the remarkably shallow nature of historic drilling across the project, with very few holes drilled below 50m, this further enhances the potential we see across Yundamindra.”
Open along strike
The F1-Fault remains open along strike and at depth and already extends over a strike length of 300m and to a depth of at least 80m down-dip.
Two additional cross-cutting structures, the F2 and F3 Faults, have also been identified along the Landed at Last lode, which currently extends along strike for over 800m and to a depth of at least 150m.
Both of these faults remain untested, despite hosting significant historical workings.