Spartan Resources has found what the company describes as significant new intercepts at its Pepper gold prospect within the broader Dalgaranga gold project in Western Australia.
Spartan managing director and chief executive officer Simon Lawson said the finding was a result of the company’s ongoing drilling focus.
“Our focus on drilling, closing the gaps and achieving significant outcomes in front of our established infrastructure continues to deliver in spades with our ongoing drilling success at the recently discovered Pepper gold prospect,” he said.
“Pepper is located less than 100m south of the high-grade Never Never gold deposit and we couldn’t be happier to see the rapid emergence of another substantial high-grade body of mineralisation next to our flagship deposit with each new drill result.”
Lawson said Spartan is confident in Pepper becoming a standalone gold deposit, with the company completing a maiden mineral resource estimate at the site.
“With the gold price continuing to hit new records, this is an exciting time to be making new high-grade gold discoveries,” he said.
“And, on the back of a well-supported capital raise, we are now moving rapidly towards developing the underground infrastructure required to chase and grow this high-grade system.”
Spartan is currently continuing its drilling campaign at the site, and is expecting a mid-year mineral resource estimation for Dalgaranga along with another exploration drill drive and the publication of a maiden high-grade ore reserve for the Never Never deposit in the second half of 2024.
“The Spartan team also continues to progress a feasibility study to demonstrate what we believe will be powerful metrics from a growing set of high-grade gold structures and maybe even some more high-grade gold discoveries,” Lawson said.
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