Arika Resources Expands Pennyweight Point Discovery with Significant Step-Out Drilling Results.

Arika Resources Limited (ASX: ARI) has reported promising results from its Phase 2 Reverse Circulation (RC) drilling at Pennyweight Point, part of the Yundamindra Gold JV Project in Western Australia. The latest step-out drill results extend the mineralized zone to over 350m in strike length and a vertical depth of at least 180m. Key intercepts include 29m @ 1.35g/t Au from 81m (YMRC085), with a high-grade 1m @ 21.6g/t Au, 1.2% Cu, 10.2g/t Ag. The system remains open in all directions, with further geological studies underway to refine targeting. 

The drilling program has confirmed Pennyweight Point as a significant high-grade gold discovery, with both oxide/supergene and primary bedrock mineralization. Arika anticipates further exploration, including diamond drill core analysis and upcoming RC drilling. Pending assay results from the Landed at Last and Queen of the May prospects are expected to provide further insights into the broader Yundamindra Project's potential.

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