Arika Resources Limited provides the Quarterly Activities Report for 30 September 2024

Arika Resources Limited (ASX: ARI) shared its Quarterly Activities Report for 30 September 2024. This quarter was a turning point for the company, marked by the completion of a comprehensive 33-hole Reverse Circulation drilling program totaling around 3,000 meters. This program, conducted at the promising Pennyweight Point and Landed at Last prospects within the esteemed Yundamindra Gold Project, is a significant milestone. It represents its inaugural exploration drilling at the Pennyweight Point prospect and the first in over a decade, underscoring its commitment to unlocking its potential.

The program included strategic follow-up drilling at the Landed at Last prospect. With a cautious and methodical approach, Arika is dedicated to confirming historical gold grades and intersections. This extensional drilling is not just about validating past results; it is a critical step toward establishing JORC-compliant resource estimations. These estimations will validate its past successes and pave the way for its future growth, providing a solid foundation for its stakeholders. Moreover, a high-grade bedrock zone has been tested over a strike length of approximately 150 meters and to a vertical depth of about 150 meters below the surface, and it remains open in all directions. The impressive continuity of mineralization along strike and down-dip reinforces its confidence that Yundamindra has the potential to host substantial gold mineralization.

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