Commodities, Exploration/Development, Gold, News

Spartan hails major gold discovery

Spartan gold

The revival of the Dalgaranga gold project continues with Spartan Resources announcing some of the asset’s best assays to date.

The Never Never prospect has delivered multiple double-digit widths and grades, including the deepest intercept yet.

Results from recent drilling include:

  • 11.55m at 36.77 grams per tonne (g/t) gold from 875m, including 4m at 101.07g/t (drill hole DGDH052)
  • 13m at 25.82g/t gold from 624m, including 4m @ 51.53g/t (drill hole DGRC1391-DT)
  • 11.04m at 11.69g/t gold from 567m, including 2.83m @ 42.24g/t (drill hole DGDH051).

Spartan said DGDH052 and DGRC1391-DT delivered two of the highest-grade Never Never intercepts yet, with DGDH052 located 170m below the current mineral resource estimate.

“Never Never continues to emerge as one of the most significant standalone high-grade gold discoveries seen in Australia in recent years,” Spartan managing director and chief executive officer Simon Lawson said.

“The latest results include the deepest assay to date and the third best gram x metre intercept thus far, expanding the mineralisation to about 830m vertical depth and around 1km down-dip.”

Lawson said Never Never mineralisation was “expanding significantly at depth”, with the potential to further add high-grade gold ounces as Spartan expands its 952,000-ounce mineral resource and converts more resources to higher confidence categories.

“Many high-grade gold mines, including many that my team and I have worked in, are lucky to see 30 to 50-gram x metre face and stope grades, equivalent to 3 to 5m widths of mineralisation grading approximately 10g/t gold,” Lawson said.

“By comparison, our Never Never drilling is consistently delivering plus 100-gram x metre intercepts, from surface to now almost 850m vertical depth below surface.

“Never Never is quickly becoming a major high grade gold discovery with gold at grades that are very rarely seen, with wide geometry and steep attitude.”

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