Spartan Resources (ASX:SPR) reported advancements at its Dalgaranga Gold Project, revealing new high-grade gold discoveries.
Key highlights include high-grade assays from the Pepper Gold Deposit and new finds along the Dalgaranga Mineralised Corridor.
Recent drill results show intersections at the Pepper site, including 20.61m at 10.02g/t gold from 512.54m downhole and 13.79m at 46.32g/t gold from 601.59m down-hole.
Other notable assays were found in the Patient Wolf and Golden Wings areas, indicating strong gold mineralisation potential.
"With exploration gathering momentum on several fronts, Dalgaranga is well and truly moving to the next level as a 'belt-scale' high-grade gold system with genuine multi-million ounce potential," said Simon Lawson, Interim Executive Chair of Spartan Resources.
Lawson noted that three rigs are dedicated to in-fill and extensional drilling at the Pepper Gold Deposit.
"This phase of drilling is designed to rapidly upgrade the existing Inferred Resource while also adding new high-grade ounces at depth as part of the 'Target P1M' program currently underway," he added.
The new assays contribute towards Spartan's comprehensive exploration strategy to significantly enhance its high-grade ounces, aiming for a maiden ore reserve release in the first half of 2025.
Spartan Resources is a gold company with a portfolio of assets in Western Australia. The company's flagship asset is the Dalgaranga Gold Project, located approximately 65km northwest of Mt Magnet in the Murchison Region of Western Australia.
At the time of reporting, Spartan Resources' share price was $1.39.