{"id":9920,"date":"2024-05-21T03:04:48","date_gmt":"2024-05-21T03:04:48","guid":{"rendered":"https:\/\/economicherald.net\/?p=9920"},"modified":"2024-05-21T03:04:48","modified_gmt":"2024-05-21T03:04:48","slug":"spartan-unlocks-more-gold-from-high-grade-pepper-deposit-ahead-of-big-resource-upgrade","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9920","title":{"rendered":"Spartan unlocks more gold from high grade Pepper deposit ahead of big resource upgrade"},"content":{"rendered":"<p>High-grade assays from Spartan Resources\u2019 new Pepper discovery up to 36.8g\/t have extended known gold mineralisation<br \/>\nPepper to be added to overall mineral resource update for Dalgaranga<br \/>\nFeasibility study progressing <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Significant new intercepts have expanded the high-grade Pepper prospect ahead of a mid-year maiden resource update for Spartan\u2019s revitalized Dalgaranga gold project in WA.<\/strong><\/p>\n<p>Underpinned by the\u00a0 high grade 952,000oz Never Never discovery, <a href=\"https:\/\/stockhead.com.au\/company\/spartan-resources-spr\/\"><strong>Spartan Resources (ASX:SPR)<\/strong><\/a> is on a mission to develop a 5-year mine plan aimed at delivering 130-150,000ozpa through its existing plant at Dalgaranga.<\/p>\n<p>Dalgaranga, which had produced &gt;70,000oz of low-grade gold in FY2022 before being placed on care and maintenance, now has huge underground mining potential.<\/p>\n<p>Especially with its constantly expanding Never Never and the new Never Never \u2018lookalike\u2019 Pepper, which SPR intends to fold into a mid-year resource update. Other juicy targets include Four Pillars, West Winds and Sly Fox.<\/p>\n<p>Latest intercepts from the Pepper prospect at Dalgaranga. Pic supplied: (SPR)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Latest assays extend high grade gold at Pepper <\/strong><\/h2>\n<p>Significant new intercepts have expanded the high-grade Pepper prospect ahead of the mid-year resource update, showing best hits of:<\/p>\n<p>14.73m @ 11.42g\/t gold from 553.73m down-hole, including 4.37m @ 36.80g\/t; and<br \/>\n17.67m @ 6.58g\/t gold from 561.85m down-hole, including 7.53m @ 11.93g\/t<\/p>\n<p>\u00a0<\/p>\n<h2><strong>The road to Dalgaranga\u2019s resource update<\/strong><\/h2>\n<p>SPR managing director Simon Lawson says the focus on \u2018closing the gaps\u2019 in front of established infrastructure continues to \u201cdeliver in spades\u201d at the recently discovered Pepper prospect.<\/p>\n<p>\u201cPepper is &lt;100m south of the high-grade 0.95Moz Never Never and we couldn\u2019t be happier to see the rapid emergence of another substantial high-grade body of mineralisation next to our flagship deposit with each new drill result,\u201d Lawson says.<\/p>\n<p>\u201cWe are very confident that Pepper will become a standalone gold deposit and, to ensure that outcome, we will be completing a maiden resource update for this exciting prospect as part of our foreshadowed mid-year MRE update for Dalgaranga.\u201d<\/p>\n<p>With the gold price continuing to hit new records of US$3642\/oz, it\u2019s an exciting time to be making new high-grade discoveries.<\/p>\n<p>\u201cAnd, on the back of a <a href=\"https:\/\/stockhead.com.au\/resources\/spartan-raising-25m-to-unlock-never-never-one-of-australias-best-emerging-gold-discoveries\/\"><strong>well-supported $80m capital raise<\/strong><\/a>, we are now moving rapidly towards developing the underground infrastructure required to chase and grow this high-grade system,\u201d Lawson says.<\/p>\n<p>\u201cWith rigs still spinning around the clock, investors can look forward to more exciting drill results in the coming weeks, mid-year MRE update for Dalgaranga, the planned commencement of the underground exploration drill drive in the second half of 2024, and the expected publication of a maiden high-grade ore reserve for the Never Never deposit.<\/p>\n<p>\u201cThe Spartan team also continues to progress a feasibility study to demonstrate what we believe will be powerful metrics from a growing set of high-grade gold structures and maybe even some more high-grade gold discoveries.\u201d<\/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>\u00a0<\/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\/spartan-unlocks-more-gold-from-high-grade-pepper-deposit-ahead-of-big-resource-upgrade\/\">Spartan unlocks more gold from high grade Pepper deposit ahead of big resource upgrade<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>High-grade assays from Spartan Resources\u2019 new Pepper discovery up to 36.8g\/t have extended known gold mineralisation Pepper to be added to overall mineral resource update <a href=\"https:\/\/economicherald.net\/?p=9920\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9921,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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