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Goldman High-grade drilling intercepts strengthen Spartan’s Dalgaranga project
Spartan Resources Limited (ASX:SPR) has announced promising assay results from its ongoing exploration at the 100%-owned Dalgaranga Gold Project (DGP) in the Murchison region of Western Australia. The latest drilling at the Pepper Gold Deposit Prospect has delivered impressive intercepts, bolstering the project’s resource confidence.
Key results include:
- 27.01m @ 39.15g/t gold from 606.74m down-hole (DGDH074), including 5.11m @ 121.35g/t and 7.5m @ 50.72g/t – 1,057.4 GxM, the top intercept to date.
- 19.57m @ 22.06g/t gold from 578.00m down-hole (DGDH074-W1), including 4.70m @ 59.05g/t and 4.64m @ 27.11g/t – 431.7 GxM.
The company also highlighted the ongoing efforts to convert existing Inferred Resources to higher-confidence Indicated Resources.
Spartan Interim Executive Chair, Simon Lawson, commented:
Our geological journey from the discovery of Never Never in mid-2022, rapidly building the Never Never resource to almost a million ounces by the end of 2023, through to the discovery of Pepper in April 2024, informs our now well-established drilling strategy in building resource confidence and growing high-grade ounces in front of our established infrastructure.
It’s still hard to believe that the Never Never Gold Deposit, less than 2 years from discovery, now stands at 1.485Moz @ 8.07g/t, with 76% in the higher confidence Indicated Classification. Building on this, our team delivered another high-grade discovery in April this year and less than 4 months later an additional 438koz @ 7.66g/t gold Inferred Mineral Resource Estimate for the Pepper Gold Deposit.
From discovery, Pepper has returned some of the best drill intercept assays seen at Dalgaranga including several top-20 project intercepts. These latest intercepts, DGDH074 and DGDH074-W1 are important in-fill holes targeting conversion of Inferred to higher confidence Indicated Resource Classification, but also rank number 1 and 4 all-time for the Dalgaranga Gold Project.
Our focused push for Indicated ounces at Pepper with two dedicated diamond drill rigs is aimed at delineating additional higher-confidence ounces for conversion to Ore Reserves, as we work towards our PFS and FID targets. Pepper high-grade ounces supplement those defined at Never Never and will further strengthen our goal of establishing a long-life, sustainable and profitable mine plan for Dalgaranga.
