Waratah Minerals (ASX:WTM) has reported high-grade gold mineralisation extensions at the Spur Gold-Copper Project in New South Wales.
Recent reverse circulation drilling has confirmed gold intercepts, highlighting the project's district-scale potential.
Drilling at Spur has returned results, with hole SPRC063 intersecting 50m at 1.96 g/t gold (Au) from 160m, including 23m at 3.48 g/t Au from 187m and 8m at 7.87 g/t Au from 202m.
Additional drilling at Spur South (SPRC052) yielded 4m at 4.62 g/t Au from 90m and 5m at 2.50 g/t Au from 158m.
Further north at Dalcoath, hole SPRC058 intersected 7m at 3.04 g/t Au from 131m.
The company has also identified a new mineralised zone at Essex East, with hole SPRC062 returning 11m at 1.49 g/t Au from 90m and 42m at 0.61 g/t Au from 211m.
Managing Director Peter Duerden stated that these results validate a structural control on high-grade mineralisation, enabling more precise drill targeting.
Diamond drilling continues at Breccia West to assess porphyry copper-gold-molybdenum potential.
A total of 66 reverse circulation holes have been drilled, with pending results from seven holes and 20 additional holes planned.
Waratah's exploration efforts aim to define both shallow epithermal gold zones and deeper porphyry-linked mineralisation.
At the time of reporting, Waratah Minerals' share price was $0.17.