THICK, HIGH-GRADE GOLD HITS BOOST F1 FAULT POTENTIAL AT YUNDAMINDRA

Drilling at Landed at Last extends mineralisation over 1.3km

Arika Resources Limited (ASX:ARI) has reported significant initial assay results from step-out reverse circulation drilling at the F1 Fault, part of the Yundamindra Gold JV Project in Western Australia, with standout high-grade gold intercepts expanding the mineralised strike and depth.

Best results from the latest drilling include:

4m @ 41.56g/t Au from 52m (25AYRC007)
27m @ 2.45g/t Au from 61m, including 9m @ 6.18g/t Au from 63m (25AYRC004)
28m @ 1.16g/t Au from 16m, including 12m @ 2.01g/t Au from 24m (25AYRC017)
4m @ 2.75g/t Au from 32m (25AYRC012)

These results build on earlier diamond drilling which intersected:

14.8m @ 3.10g/t Au from 87m, including 2.15m @ 5.49g/t Au from 90m and 2.25m @ 9.76g/t Au from 99m (5YMD003).

Arika said the drilling confirms the growth potential of the F1 Fault structure, now traced for over 400m strike length and to at least 100m vertical depth, with mineralisation remaining open in all directions.

The F1 Fault lies within the northern end of the 16km-long ‘Yellow Brick Road’ structural corridor, which hosts multiple high-grade historical workings and parallel gold-bearing structures. Current drilling at Yundamindra is also targeting Banjo’s Camp and other high-priority prospects.

Geophysical programs have been completed at both Yundamindra and the Kookynie Project, including detailed drone-supported aeromagnetic and ground gravity surveys, with priority targets from these surveys to be tested as part of the ongoing drilling campaign.

Arika’s Managing Director, Justin Barton, said:
Our recently upsized drilling campaign at Yundamindra is off to a great start, with the first batch of assays from the F1 Fault – part of the rapidly emerging Landed at Last prospect – delivering impressive results.

This drilling has extended the high-grade mineralisation intersected previously at the F1 Fault along strike and at depth. Together with the Landed at Last mineralisation, this system now extends for over 1.3km along strike and remains open in all directions, further highlighting the potential upside of the Company’s largely under-explored Yundamindra Project.

Importantly, this is just one of a host of under-explored prospects along the +10km long mineralised corridor that we call the ‘Yellow Brick Road’ that we are now methodically and systematically testing.

Drilling has since progressed to test the Bonaparte prospect and is currently testing the exciting Banjo’s Camp prospect, before moving onto a number of other priority target areas.

The more work we do, the more the sheer scale and significance of the opportunity in front of us continues to grow. Our technical team, supported by our excellent drilling teams and consultants, continues to undertake outstanding work to maximise our chances of exploration success.

We are looking forward to receiving further results from ongoing drilling, as well as from the recently completed drone supported aeromagnetic surveys and ground gravity survey.

This is an exciting time for the Company and shareholders as we unlock the significant value of the Yundamindra and Kookynie Projects.