YELLOW BRICK ROAD DRILLING REVEALS MULTI-LODE GOLD SYSTEM

Step-out drilling confirms strong mineralisation across 3km strike at Yundamindra

Arika Resources Limited (ASX:ARI) has reported promising new drill results from wide-spaced, first-pass drilling at the Yellow Brick Road (YBR) prospect within the Yundamindra Gold JV Project in Western Australia.

The results are from the central 3km portion of a 10km long gold system and confirm multiple zones of strong gold mineralisation. Drilling returned high-grade intercepts that include:

5m @ 6.50g/t Au from 72m (25AYRC073), including 1m @ 30.00g/t Au from 73m
10m @ 1.03g/t Au from 24m (25AYRC083), including 2m @ 3.55g/t Au from 27m
13m @ 0.50g/t Au from 33m (25AYRC066), including 1m @ 3.09g/t Au from 42m
3m @ 3.88g/t Au from 28m (25AYRC077)

These new results build on previously reported intersections, including:

14.8m @ 3.10g/t Au from 87m (25YMD003)
3.0m @ 47.1g/t Au from 53m (25AYRC007)
15m @ 1.67g/t Au from 56m (25AYRC060)
29m @ 1.02g/t Au from 35m (25AYRC053)
26m @ 1.19g/t Au from 88m (25AYRC022)
28m @ 1.40g/t Au from 70m (YMRC102)

Drilling continues to highlight the scale of the mineralised system, with every hole intersecting gold and confirming strong strike and depth continuity.

A total of 135 holes for 16,000 metres have been drilled so far, with assays still pending for 48 holes (approximately 7,000 metres). Drilling is also underway at Pennyweight Point to test down-plunge extensions of previously reported high-grade intercepts.

Arika’s Managing Director, Justin Barton, said:

Drilling continues to expand the scope of the opportunity at our Yundamindra Gold Project, adding to the team’s excitement about the enormous potential that still remains to be unlocked.

The results reported in this announcement come from first-pass, wide-spaced drilling within the Western Corridor focusing in the central 3km portion of the 10km long gold system we call the Yellow Brick Road.

This drilling, stepping away from the Landed at Last deposit, has returned significant mineralisation in every single hole drilled in 1m samples.

Importantly, each hole either extends or steps-out from previous significant intercepts, building the picture of a multi-lode gold system where resource drill-outs can be contemplated at multiple locations.

We are continually gaining a better understanding of the mineralisation, which will allow us to undertake more targeted drilling in follow-up exploration.

For now our focus returns to more close-spaced orebody definition drilling at Pennyweight Point which, together with Landed at Last, our two most advanced, near-term resource development opportunities.