Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Investing Pepper Continues To Grow – 25.24m @ 16.66g/t
Investing

Pepper Continues To Grow – 25.24m @ 16.66g/t

by admin June 4, 2024
June 4, 2024

Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to provide an update on exploration activities at its 100%-owned Dalgaranga Gold Project (“DGP”), located in the Murchison region of Western Australia.

HIGHLIGHTS

Pepper Gold Prospect – new intercept significantly expands known extents of high-grade discovery:

  • 25.24m @ 16.66g/t gold (uncut) from 616.41m down-hole (DGRC1431-DT-W1), including:
    • 5.21m @ 18.74g/t, 4.65m @ 52.46g/tand 5.44m @ 12.39g/t gold in three separate high grade sub-intervals within the overall high-grade drill intercept.
    • The intercept in DGRC1431-DT-W1 confirms that high-grade gold mineralisation extends more than 115 metres down-plunge from DGDH070, which returned 14.73m @ 11.42g/tgold as well as northward more than 85m beyond the previous deepest Pepper intercept of 11.28m @ 5.94g/t gold from previously announced drill-hole DGDH069.
  • A maiden Mineral Resource Estimate for the high-grade Pepper Gold Prospect will be completed as part of the scheduled mid-year resource update for the Dalgaranga Gold Project.

This release contains new assay results from recent surface drilling targeting extensions of the recently discovered high-grade Pepper Gold Prospect (DGRC1431-DT-W1), as well as in-fill (DGDH062) and exploration drilling (DGDH067) from the immediately adjacent and growing 0.95Moz @ 5.74g/t Never Never Gold Deposit.

Management Comment

Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “Just weeks after its discovery in May 2024, Pepper is already emerging as a significant new high-grade ore system immediately adjacent to our flagship deposit, the 0.95Moz Never Never Gold Deposit, discovered in 2022.

“This latest drill intercept in DGRC1431-DT-W1 of 25.24m @ 16.66g/t gold is the best and also the deepest Pepper drill intercept to date and, at 420.5 gram x metres, is the fourth best intercept ever recorded at the Dalgaranga Gold Project, Never Never included!

“The other two results reported today are certainly lower grade, however the intercept of 20.38m @ 0.92g/t gold in DGDH067 comes from within the shear zone that defines the northern margin of Never Never, and the other intercept of 12.55m @ 1.00g/t gold in DGDH062 defines the lower grade zone that

sits between Never Never and the new Pepper Gold Prospect, these holes provide useful information for constraining the ‘edges’ of the mineralisation ahead of the upcoming mid-year resource updates.

“Owning high-grade resources close to relatively new processing infrastructure is a great formula and the foundation behind many highly successful and resilient producers, past and present. What differentiates our opportunity – the Spartan story – is that we are generating excitement, momentum and value by drilling and actively growing our high-grade gold resources through continuous discovery, right in front of our existing infrastructure.

“While we continue to increase the value of our assets and our company through the drill bit, the next key phase in our strategy will get underway shortly with the commencement of our underground exploration drill drive. This will provide the key drill platforms from which we will continue to drive resource growth, generate reserves and grade control the key Never Never Gold Deposit, as well as explore for more high- grade discoveries.

“The added benefit of the drill drive is that it can rapidly become the natural backbone, a critical piece of capital development, for any future underground mining scenarios – providing access to the Never Never, Pepper and West Winds target zones.

“Considering what we have achieved with surface drilling over the past two years, the development of the exploration drill drive has the potential to take the Spartan story to the next level as we get up close and personal with our recent high-grade discoveries and continue to focus on delivering tangible outcomes for our shareholders.”


Click here for the full ASX Release


This post appeared first on investingnews.com

0
FacebookTwitterPinterestEmail
previous post
Siren Awarded High-Grade Lyell Tenement for a Further 5 Years
next post
Former Brexit leader Nigel Farage is running in UK election, wants to ‘make Britain great again’

Related Posts

Placement Shares Issued & Drilling Approval Expected August

July 10, 2025

5 Silver Stocks With Dividends

July 10, 2025

Mark O’Byrne: Gold, Silver Prices Going Much Higher — How...

July 10, 2025

Drilling recommences at Yunndaga

July 10, 2025

Apollo Silver; Right Assets, Right Management and Right Time

July 10, 2025

Copper Soars to All-time High as Trump Unveils 50 Percent...

July 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Does Putin hit back when Trump criticizes his ‘bullsh*t?’

      July 10, 2025
    • Trump praises ‘good English’ of Liberian president, prompting criticism across Africa

      July 10, 2025
    • Deadly strikes on Kyiv as Russia continues ferocious bombardment of Ukraine for second night

      July 10, 2025
    • South Korea’s former President Yoon Suk Yeol back in custody over insurrection probe

      July 10, 2025
    • At least four killed and many ‘kidnapped’ in second Houthi attack in a week on Red Sea cargo ship

      July 10, 2025

    Categories

    • Business (1,442)
    • Investing (3,632)
    • Politics (4,855)
    • World (4,719)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing