Waratah Minerals (ASX:WTM) announced results from its ongoing drilling program at the 100%-owned Spur Gold Project in New South Wales, Australia.
The latest announcement highlights extensional drilling in the Consols Zone and definition drilling within the Spur Zone, expanding the known gold systems.
In the Consols Zone, drill hole SPD01G intersected a broad envelope of mineralisation, including four distinct higher-grade zones.
Key intercepts included 74m at 1.6 g/t Au from 453m, which featured high-grade subsections such as 18.15m at 2.0 g/t Au.
Furthermore, drill hole SPD014 extended shallow, higher-grade mineralisation 150m to the southwest, returning 38.4m at 1.41 g/t Au from 237m.
Drilling in the Spur Zone also yielded positive results, with SPD018 intersecting a broader zone of higher-grade mineralisation than anticipated, including 7m at 3.53 g/t Au.
Additionally, SPD026 confirmed higher-grade mineralisation at the eastern extent of the current drilling coverage, returning a massive intersection of 227m at 0.62 g/t Au from 136m, including a high-grade component of 36.35m at 2.32 g/t Au.
Currently, seven drill rigs are active across the project, with two focused on the Spur Zone and five dedicated to expanding the wide, high-grade intercepts discovered at the Consols Zone.
At the time of reporting, Waratah Minerals' share price was $0.67.