Nex Metals Explorations Ltd (ASX:NME) Announces Arika Resources’ Gold Drilling
Operational Achievements
Nex Metals Explorations Ltd (ASX:NME) has attached an announcement from its joint venture partner, Arika Resources Ltd (ASX: ARI), detailing significant extensions to the mineralisation at the Landed at Last Prospect. Recent step-out drilling has expanded the mineralised zone to over 800m in strike length and to a depth of at least 150m down-dip from the surface.
Key Drilling Results
The Phase 2 Reverse Circulation (RC) drilling program reported multiple gold intercepts, including 28m @ 1.40 g/t Au and 17m @ 1.57 g/t Au. These results confirm the potential of the Yundamindra Project, situated in the Eastern Goldfields mining district of Western Australia.
Future Outlook
Arika Resources plans to resume drilling shortly to follow up on the latest results and to begin testing new targets identified through recent surface geochemical assessments. Assays from recent diamond drilling at Pennyweight Point and Landed at Last are also pending.
Executive Comments
Arika’s Managing Director, Justin Barton, stated, “The results from Landed at Last confirm this prospect as an advanced target area for follow-up drilling at the Yundamindra Project, alongside Pennyweight Point. The recent drilling has confirmed extensions of the mineralised zone to over 800m along strike and to a depth of 150m, with indications it is thickening at depth.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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