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Waratah Minerals has extended gold mineralisation in multiple directions at its Consols Gold Zone in New South Wales, with five new drill holes strengthening the growth potential of the company’s Spur project.
The latest results have expanded the mineralised footprint across the northern, eastern and western margins of Consols, while confirming high-grade continuity at depth and identifying additional mineralisation closer to the surface.
On the eastern margin, drill hole SPD089 returned 17m at 4.10 grams per tonne (g/t) gold from 944m, including 2m at 28.70g/t, within a broader 35m intersection at 2.18g/t from 929m.
Another eastern hole, SPD090, intersected 9m at 3.11g/t from 499m and 7m at 3.70g/t from 743m, providing further evidence of vertical continuity across the mineralised system.
Waratah managing director Peter Duerden said the results demonstrated the increasing scale of the discovery.
“These latest results continue to demonstrate the remarkable continuity and scale emerging at the Consols Gold Zone,” Duerden said.
“Drilling has now confirmed strong mineralisation across the central, eastern and western portions of the system, while the northern margin continues to show encouraging potential to extend mineralisation closer to surface.
“Importantly, the combination of broad mineralised envelopes and higher-grade zones reinforces our view that Consols is evolving into a significant gold system and remains open for further growth.”
In central Consols, hole SPD083A returned 70m at 1.71g/t gold from 666m, including 9.86m at 6.71g/t from 710m, confirming continuity within the core of the system.
Western margin drilling also delivered encouraging results, with SPD082 intersecting 21m at 2.13g/t from 499m and 10m at 3.20g/t from 557m.
On the northern margin, SPD047W1 returned a broad 167m intersection at 0.91g/t from 485m, including 13.6m at 2.17g/t and 11m at 2.32g/t.
The latest campaign builds on September drilling at Consols, where Waratah reported its best intercept to date of 46m at 7.27g/t gold, including 19m at 15.62g/t.
That result extended mineralisation by 70m north and 150m east of previous drilling, strengthening confidence in the discovery’s continuity.
More recently, drilling beneath the historic Ironclad mine intersected multiple gold-bearing structures outside the known mine footprint, supporting Waratah’s interpretation of a potentially larger mineralised corridor linking Ironclad and Consols.
The company is investigating this broader system within a 6km priority exploration zone at the margin of the Cargo intrusive complex.
“Every phase of drilling continues to add to our understanding and, importantly, continues to add mineralised volume,” Duerden said.
“With mineralisation remaining open and drilling ongoing, we believe there is considerable opportunity to further expand Consols as we work towards defining the full extent of this emerging gold system.”
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