STRONG GOLD RESULTS FROM QUEEN OF THE MAY DRILLING BOOST YUNDAMINDRA POTENTIAL

Maiden drilling delivers significant intercepts, prompting further exploration

Arika Resources Limited (ASX: ARI) has reported encouraging assay results from its maiden Reverse Circulation (RC) drilling at the Queen of the May prospect, part of the Yundamindra Gold JV Project in Western Australia. The drilling has intersected significant shallow gold mineralisation, supporting the prospect’s growth potential.

Key results include:

20m @ 1.62 g/t Au from 28m (YMRC100), including:
- 4m @ 4.80 g/t Au from 28m
- 3m @ 3.81 g/t Au from 42m
- 1m @ 10.28 g/t Au from 42m
6m @ 3.35 g/t Au from 52m (YMRC099), including:
- 1m @ 11.45 g/t Au from 56m

The Queen of the May prospect is located approximately 8km from the Pennyweight Point prospect and is situated within a 10km-long structural corridor containing multiple gold-bearing lodes. The area has seen only limited shallow historical drilling, with significant potential remaining untested at depth.

This drilling forms part of a larger ~20-hole program covering 1,500m, which is set to resume shortly. Assays from recent drilling at the nearby Landed at Last and Pennyweight Point prospects are also pending.

Arika’s Managing Director, Justin Barton, said:

We are continuing to expand our exploration focus at Yundamindra and systematically test several undrilled high-priority targets and extensions to known mineralisation. Queen of the May forms part of more than 10km of identified gold-bearing structures on the Western Limb of Yundamindra and has only seen very sparse air-core drilling and limited modern exploration in the last two decades.

To return such impressive results from our first-pass RC drilling program on previously untested areas of this prospect is a great result and further strengthens our conviction that we are in the very early stages of exploration of a major mineralised system.

Our gold footprint continues to rapidly expand at Yundamindra as we aggressively push forward with expansional drilling programs and drilling new high-priority targets.