The Ricciardo Deposit within the Golden Range Project has seen a significant increase in its Mineral Resource Estimate (MRE), showcasing promising growth and exploration potential. Here’s a breakdown of the key highlights and developments:
- Updated MRE for the Ricciardo Deposit stands at 16.44 Mt @ 1.8 g/t Au for 947.5 koz gold, marking a 99% increase in contained gold ounces.
- At an all-in discovery cost of approximately A$16/oz, the increased Ricciardo MRE ounces offer a high return on exploration investment.
- Emphasis on drilling high-grade growth ounces has led to quality additions to the resource, particularly focusing on commercial viability.
- The updated Ricciardo MRE includes:
- 467.5 koz @ 1.6 g/t Au open-pit gold Resource (75% M&I)
- 480.0 koz @ 2.0 g/t Au underground gold Resource
- Importantly, the Ricciardo system remains open at depth and along strike, showing potential for further expansion.
- Total Mineral Resources for the Golden Range Project now surpass 1.28 Moz gold, representing a 58% increase from previous levels.
This success demonstrates the effectiveness of the strategy employed by Warriedar in targeting fresh rock extensions under existing pits. The ongoing exploration efforts within the ‘Golden Corridor’ have shown promising results, with RC drilling progressing well in the southern end of the corridor.
Amanda Buckingham, the Managing Director and CEO of Warriedar, expressed satisfaction with the outcomes and highlighted the immense potential for growth within the 25km ‘Golden Corridor.’ The current focus on drilling below shallow open pits has proved successful and presents an exciting opportunity for the company.
The Ricciardo Gold Deposit, located in the Murchison Region, offers a lucrative opportunity within a well-established mining area. With a strategic location and existing infrastructure, the deposit holds immense promise for future development.
In conclusion, the recent achievements at the Ricciardo Deposit underscore the potential for further growth and success within the broader Golden Range Project. The dedication to efficient exploration and strategic drilling practices has yielded positive results, shaping a promising future for Warriedar Resources.
