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Goldman Sonic drilling identifies shallow alluvial and basement-hosted gold west of the Spur Gold Zone
Waratah Minerals Limited (ASX:WTM) has reported shallow gold intersections from nine sonic holes drilled at Gum Flat within its Spur Gold Project in New South Wales.
The program tested historical drilling across the former alluvial mining area and returned gold in both stacked paleochannels and weathered basement. Selected results include:
- 30.5m @ 0.96g/t Au from 8m in GFS007, including 3.5m @ 5.70g/t Au from 22.5m and 2m @ 9.06g/t Au from 24m
- 19m @ 1.10g/t Au from 31m in GFS005, including 0.5m @ 8.84g/t Au from 34.5m and 3m @ 4.56g/t Au from 41.5m
- 14m @ 0.75g/t Au from 9.5m in GFS001, including 0.4m @ 7.53g/t Au from 16.7m and 1m @ 5.30g/t Au from 20m
- 50.5m @ 0.32g/t Au from surface in GFS009, including 2m @ 2.87g/t Au from 14.5m
Waratah says the alluvial mineralisation is flat-lying, making the vertical intersections equivalent to 100% of its vertical true width, although no horizontal true width can be inferred. The orientation of the eluvial basement mineralisation remains unknown.
The company says GFS007 supports an interpretation that the Spur Gold Zone may extend about 150 metres west beneath cover. Follow-up sonic and core drilling is being prepared for permitting.
Waratah Minerals managing director Peter Duerden:
The results provide an important step in expanding the project’s footprint and improving the Company’s understanding of the wider gold system. Sonic core drilling at Gum Flat has identified hardrock and a thick sequence of alluvial gold that materially strengthens our view of the broader Spur gold system. Importantly, the results support the interpretation that the Spur Gold Zone may extend a further 150 metres undercover to the west, opening up a compelling new exploration target. The presence of alluvial gold in this setting is also encouraging from an early development perspective, while we continue to define the scale and continuity of hard rock mineralisation.
