Deep Drilling Hits Visible Gold Over 1km Deep Below Never Never Gold Deposit
Spartan Resources Limited (ASX: SPR) (Spartan or the Company) is pleased to report updated drilling and assay information from recent drilling at its 100%-owned Dalgaranga Gold Project (“DGP”) in the Murchison region of Western Australia.
Highlights:
Never Never Gold Deposit
20+ metres of “typical Never Never-style” mineralisation intersected from 1,034m down- hole, including trace visible gold noted at 1,046m and 1,050m (DGDH064) – assays pending:Intercept located ~400m down-plunge from the current 0.95Moz Never Never Mineral Resource Estimate (“MRE”).12.54m @ 14.32g/t gold from 570.91m, including 2.52m @ 67.49g/t (DGRC1430-DT):Intercept located within the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.13.75m @ 10.08g/t gold from 667.00m, including 3.00m @ 38.10g/t (DGRC1429-DT):Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.12.80m @ 8.13g/t gold from 603.00m, including 1.00m @ 96.47g/t (DGDH055)Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.
Sly Fox Gold Deposit
23.60m @ 2.45g/t gold from 457.40m, including 7.00m @ 4.07g/t (DGRC1408-DT):Intercept located ~90m west and along-strike of the existing Sly Fox MRE.24.00m @ 1.58g/t gold from 250.00m, including 7.00m @ 3.24g/t (DGRC1436)Intercept located ~60m to the west along-strike and ~50m down-plunge of the existing MRE.
Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.
The assays in this release include significant intercepts from exploration and resource extension drilling at the high-grade Never Never Gold Deposit, West Winds Gold Prospect and the Sly Fox Gold Deposit.
Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.
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