Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Arika Resources (ASX: ARI) has reported a strong gold intercept from its maiden diamond drilling at the F1-Fault Prospect within the Yundamindra Project in WA’s Eastern Goldfields. Drill hole 25YMD003 intersected 14.8m at 3.10g/t Au from 87m depth, including high-grade sections of 2.25m at 9.76g/t Au and 2.15m at 5.49g/t Au. This extends known mineralisation 40m down-dip and confirms depth potential in a previously undrilled area, 200m west of the main Landed at Last trend.
The F1-Fault structure now shows continuity over 300m of strike and at least 80m depth, with significant upside from the untested parallel F2 and F3 Faults. Upcoming programs include further RC drilling, integration of geochemical and geophysical data, and surveys at both Yundamindra and Kookynie. These developments highlight strong mineralisation potential across multiple fault zones in largely underexplored terrain.
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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.