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Highlights
- Expanded gold mineralization at Yundamindra project by Nex Metals Explorations (NME) and Akira Resources (ARI).
- Diamond drilling reveals high-grade gold intervals at F1-Fault.
- Project remains open for further exploration along strike and depth.
The Yundamindra gold project, jointly operated by Nex Metals Explorations (ASX:NME) and Akira Resources (ASX:ARI), continues to show promising results in the expansive terrain south-west of Laverton, Western Australia. This collaboration aims to deepen the understanding and scope of mineralization within the area, already noted for its rich gold deposits.
Recently, Akira Resources, the project operator, has disclosed favorable assay outcomes from a completed diamond drilling campaign at the F1-Fault prospect within the Yundamindra project. This project is strategically positioned contiguous with the $44 million Guyer JV involving Iceni Gold (ASX:ICL) and Gold Road Resources (ASX:GOR), adding a broader context to the region's gold exploration efforts.
The drilling endeavor at the F1-Fault was aimed at probing the depth extensions beyond the already identified near-surface mineralization. This was executed through a meticulously planned single diamond-cored drill hole that reached a total depth of 201.8 meters. The operation’s highlight was an intersection of 14.80 meters at 3.10 grams per tonne gold, starting from 87 meters down-hole. This particular find was located 200 meters west of the 'main' Landed at Last trend, where Akira has previously reported significant gold finds.
Justin Barton, Managing Director of Akira, expressed optimism about the drill results, stating, "We are very encouraged by the assay results received from our first-ever diamond drilling into the F1-Fault prospect at Landed at Last. Assays have returned a thick intercept of strong gold mineralization including two high-grade intervals, which have extended the known mineralization at depth."
Further insights were gained regarding the geological features of the area through the diamond drill core. This information is crucial for Akira's technical team to advance their understanding of the host rock lithologies and the structural controls that govern the mineralization at the F1-Fault and the broader Landed at Last prospect. Such data is instrumental in targeting mineralized extensions along strike and at depth and prioritizing numerous targets identified from recent geophysical and geochemical reviews.
Moreover, the historical drilling data suggests potential for further discoveries, as most boreholes did not exceed 50 meters in depth, leaving the deeper regions largely unexplored. The F1-Fault remains open along strike and at depth, extending over a 300-meter strike length and down to at least 80 meters. Additionally, the F2 and F3 Faults, identified along the Landed at Last lode and extending over 800 meters along strike and at least 150 meters in depth, are yet to be explored despite hosting significant historical workings.
This ongoing exploration not only enhances the potential of the Yundamindra project but also solidifies the region's standing as a significant contributor to Western Australia's gold mining industry. The venture continues to look promising, with each phase of exploration providing deeper insights and broadening the scope for future gold mining endeavors.
