{"id":6662,"date":"2024-03-04T04:50:10","date_gmt":"2024-03-04T04:50:10","guid":{"rendered":"https:\/\/economicherald.net\/?p=6662"},"modified":"2024-03-04T04:50:10","modified_gmt":"2024-03-04T04:50:10","slug":"spartans-latest-11-55m-36-77g-t-gold-hit-expands-never-never-deposit-1km-down-dip","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6662","title":{"rendered":"Spartan\u2019s latest 11.55m @ 36.77g\/t gold hit expands Never Never deposit 1km down dip"},"content":{"rendered":"<p>Spartan\u2019s latest drilling returns multiple double-digit widths at double-digit grades at Never Never<br \/>\nToday\u2019s update includes one of the deposit\u2019s best-ever assays from the deepest intersection to date<br \/>\nResults support ongoing resource-to-reserve conversion efforts while also increasing confidence in the geological model <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Recent drilling at Spartan\u2019s Dalgaranga gold project has returned the deepest assay to date and the third best gram x metre intersection so far \u2013 11.55m grading 36.77 g\/t. <\/strong><\/p>\n<p>This exceptional drill result has expanded the mineralisation to about 830m vertical depth and around 1km down-dip of the current 952,000oz resource at the Never Never deposit in WA\u2019s Murchison region.<\/p>\n<p>Other standout new assay results include 13m @ 25.82 g\/t gold from 624m (including 4m @ 51.53 g\/t gold and 11.04m @ 11.69 g\/t gold), demonstrating that the footprint of mineralisation at Never Never is expanding at depth.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/spartan-resources-spr\/\">Spartan Resources (ASX:SPR)<\/a> believes these results support the potential to add further high-grade gold ounces, as well as ongoing resource to reserve conversion efforts.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Assays in line with growth strategy <\/strong><\/h2>\n<p>\u201cThese latest assays provide further momentum to our growth strategy at Dalgaranga,\u201d SPR managing director and CEO Simon Lawson says.<\/p>\n<p>\u201cThe deepest Never Never assay has come from DGDH052, a deep \u2018parent\u2019 drill-hole designed as a hanging-wall platform for drilling multiple secondary or \u2018daughter\u2019 drill-holes into the growing Never Never system.<\/p>\n<p>Long section of Never Never Gold Deposit, Four Pillars and West Winds gold prospects looking east. Pic: Supplied (SPR)<\/p>\n<p>\u201cOur primary focus with the daughter drill-holes is to target systematic in-fill of the Inferred portion of the recently updated 952,900oz Never Never gold deposit MRE aiming for strong conversion to the higher confidence Indicated Resource classification,\u201d Lawson says.<\/p>\n<p>\u201cWhile we always drill holes to hit targets, we were prepared for the possibility of missing when drilling a deeper hole like DGDH052 \u2013 so the team were pretty excited to see good widths of our favourite style of gold mineralisation slide out into the core trays.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>\u2018Consistently delivering +100-gram-metre intercepts\u2019 <\/strong><\/h2>\n<p>Many high-grade gold mines are lucky to see 30 to 50-gram x metre face and stope grades, equivalent to 3-5m widths of mineralisation grading ~10g\/t gold grades.<\/p>\n<p>Lawson says while those are good gold grades to be mining, Never Never drilling is consistently delivering +100-gram x metre intercepts, from surface to now almost 850m vertical depth below surface.<\/p>\n<p>\u201cNever 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,\u201d he says.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Spartan Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/spartans-latest-11-55m-36-77g-t-gold-hit-expands-never-never-deposit-1km-down-dip\/\">Spartan\u2019s latest 11.55m @ 36.77g\/t gold hit expands Never Never deposit 1km down dip<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Spartan\u2019s latest drilling returns multiple double-digit widths at double-digit grades at Never Never Today\u2019s update includes one of the deposit\u2019s best-ever assays from the deepest <a href=\"https:\/\/economicherald.net\/?p=6662\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6663,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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