The Warriedar Gold Project is located approximately 420km north-east of Perth and 50km north-west of Paynes Find in the Yalgoo mineral field.
THE WARRIEDAR GOLD PROJECT
The project consists of approximately 45km2 of highly prospective Archaean terrain, with a contiguous tenement package of one core Mining Lease, one prospecting licence and four exploration leases covering 42 blocks.
Epigenetic gold mineralisation in the Warriedar Fold Belt is associated with pyritic alteration of intensely folded and brecciated banded ironstones, forming quartz or quartz-tourmaline veins and stock works in felsic and mafic rocks.
Initial exploration activities at Warriedar will focus on identifying high-grade shear-hosted narrow vein mineralisation, the same as was mined at the historic Reids Ridge shaft within the project area.
Formerly known as the Rose Marie mine, Reids Ridge produced high-grade gold from underground intermittently from 1913. Underground workings extend to a depth of approximately 120m.
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The Warriedar Project hosts the recently discovered Reids North prospect the Reids North prospect is located approximately 2km to the North East of the historic Reids.
Significantly, drill hole RRRC0011 returned significant assays including 20m @ 2.12 g/t gold from 88m to 108m, within 44m @ 1.12g/t gold from 68m, also within a broader interval of 86m @ 0.71g/t gold from 26m.
Mineralisation in RRRC0011 has been intersected proximal to a large geochemical anomaly and zone of demagnetisation, part of a previously untested conceptual target length of over 2km in strike.