Arika Resources Limited (ASX: ARI) share the outstanding results from its maiden RC drilling campaign at the Pennyweight Point Prospect, part of the Yundamindra Gold Project in Western Australia. The drilling has revealed thick zones of significant gold mineralization near the surface and at depth, with several holes reporting exceptional results, including multi-ounce intervals. It has defined a substantial zone of high-grade bedrock gold mineralization over approximately 150m, and there is still potential for further discoveries along the strike and at depth.
These exceptional results validate its objectives for this campaign - to confirm historical findings and uncover bedrock gold mineralization beneath shallow historical indications. With the first and last holes returning impressive grades of 3.86 g/t gold and 15.48 g/t gold, respectively, it is confident in the potential of the Yundamindra Gold Project to host significant gold mineralization. Situated in a world-class gold province with untapped potential, it is eager to commence the next phase of follow-up drilling to further explore the project's possibilities.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
