GoldArc Resources has identified two additional main gold anomalies at its Leonora North gold project in the Eastern Goldfields of Western Australia.
The company conducted a 317-sample soil survey in January and found two additional gold anomalies, S6 and S7.
The S6 anomaly measures approximately 1.1 kilometres long and is parallel to the Mt Stirling gold deposit. Meanwhile, the S7 anomaly is approximately 700 metres long and is located 350 metres southwest of Mt Stirling.
GoldArc said multiple rock chip samples from both anomalies emphasise the high-grade potential of the Leonora North gold project. Significant results include 51.9 grams per tonne gold (g/t), 11.2 g/t gold, 14.2 g/t gold, and 1.5 g/t gold.
GoldArc Managing Director Paul Stephen said the results highlight the systematic exploration approach by the company.
“These two new anomalies, S6 and S7 located between Mt Stirling and Mt Stirling Well are very encouraging as they could have similar untapped potential to be as large as those already defined at Mt Stirling and Mt Stirling Well,” Stephen said.
“This fully validates our belief in the untapped discovery potential at the Leonora North gold project, and we have now generated a pipeline of high-priority targets for immediate follow-up and drilling.”
GoldArc will now embark on an aggressive exploration strategy, following the two discoveries, including a major 8,500 metre reverse circulation (RC) drilling program at the Cosmopolitan, Orion, Sapphire, Eclipse, and Euroa gold deposits in March.
Another 30,000 metre RC program is scheduled to commence in February at Mt Stirling and Mt Stirling Well to enhance resource development.