Waratah Minerals uncovers western extension of Spur gold zone at Gum Flat

Waratah Minerals (ASX: WTM) has identified broad gold mineralisation beneath and within alluvial sediments at Gum Flat in New South Wales, strengthening the case for an extension of its Spur Gold Zone.

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Sonic drilling across the Gum Flat area returned mineralisation in both weathered basement and shallow alluvial sequences, with the results pointing to a potential 150-metre westward continuation of the Spur system beneath cover.

One of the stronger results came from hole GFS007, which returned 30.5m at 0.96g/t gold from 8m, including 8.5m at 2.72g/t and a higher-grade 2m interval at 9.06g/t.

Hole GFS005 also intersected a higher-grade zone, returning 19m at 1.10g/t gold from 31m, including 0.5m at 8.84g/t.

The drilling also confirmed gold within shallow, stacked paleochannels. GFS001 returned 14m at 0.75g/t gold from 9.5m, while GFS006 intersected 14m at 0.55g/t from 6m.

The company said the work is helping clarify how gold is distributed across the Gum Flat area and supports its interpretation that the known Spur mineralisation continues beneath cover to the west.

Waratah Managing Director Peter Duerden said the results had improved the company’s understanding of the wider gold system, highlighting the combination of hard-rock and alluvial mineralisation as particularly significant.

The emerging western extension could therefore provide a new exploration target while the shallow alluvial mineralisation offers an additional area for assessment as the company works to establish the scale and continuity of the broader Spur Gold Project.

Next steps will focus on interpreting the new drilling data and determining follow-up exploration across the expanded target area.

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