Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Deep Drilling Hits Visible Gold Over 1km Deep Below Never Never Gold Deposit

by April 9, 2024
April 9, 2024
Deep Drilling Hits Visible Gold Over 1km Deep Below Never Never Gold Deposit

Spartan Resources Limited (ASX: SPR) (Spartan or the Company) is pleased to report updated drilling and assay information from recent drilling at its 100%-owned Dalgaranga Gold Project (“DGP”) in the Murchison region of Western Australia.

Highlights:

Never Never Gold Deposit

20+ metres of “typical Never Never-style” mineralisation intersected from 1,034m down- hole, including trace visible gold noted at 1,046m and 1,050m (DGDH064) – assays pending:Intercept located ~400m down-plunge from the current 0.95Moz Never Never Mineral Resource Estimate (“MRE”).12.54m @ 14.32g/t gold from 570.91m, including 2.52m @ 67.49g/t (DGRC1430-DT):Intercept located within the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.13.75m @ 10.08g/t gold from 667.00m, including 3.00m @ 38.10g/t (DGRC1429-DT):Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.12.80m @ 8.13g/t gold from 603.00m, including 1.00m @ 96.47g/t (DGDH055)Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.

Sly Fox Gold Deposit

23.60m @ 2.45g/t gold from 457.40m, including 7.00m @ 4.07g/t (DGRC1408-DT):Intercept located ~90m west and along-strike of the existing Sly Fox MRE.24.00m @ 1.58g/t gold from 250.00m, including 7.00m @ 3.24g/t (DGRC1436)Intercept located ~60m to the west along-strike and ~50m down-plunge of the existing MRE.

Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.

The assays in this release include significant intercepts from exploration and resource extension drilling at the high-grade Never Never Gold Deposit, West Winds Gold Prospect and the Sly Fox Gold Deposit.

Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Gold and Nickel Exploration Update
next post
Top 5 Chromium-producing Countries (Updated 2024)

Related Posts

Scott Melbye: Uranium Still in Early Innings, Historic...

March 15, 2024

Mining Industry’s Exploration Spending Lagging, Will Budgets Grow...

March 19, 2025

5 Top Weekly TSX Stocks: PolyMet Soars After...

July 10, 2023

Fortune Bay

June 30, 2023

Mineral Resource Update – Mt Boppy Gold Project

April 19, 2024

NORTH ARROW CONFIRMS FOUR SPODUMENE PEGMATITES AT LDG...

August 11, 2023

White Gold Corp. Intersects 5.03 g/t Gold over...

November 9, 2023

Top 5 Junior Copper Stocks on the TSXV...

May 1, 2024

BPH Energy Ltd Raises $2.25 Million to Accelerate...

February 9, 2024

Sona Nanotech CEO Sees Huge Market Potential for...

October 4, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved