Latest news with #PeterDuerden
The Australian
04-08-2025
- Business
- The Australian
WTM on trail of large gold corridor
Special Report: Waratah Minerals shot up more than 40% in early trading after drilling at Spur project in the East Lachlan region of NSW reinforced the potential of the Spur gold corridor to host a large-scale, high-grade epithermal gold system. WTM says multiple high-grade gold zones extend Spur Gold Corridor Project shaping up to host sizeable epithermal system in NSW Company undertaking extensional RC and diamond drilling The latest assays returned: 208.7m at 1.17 g/t gold from 514m including 89m at 1.96 g/t from 614m and including 38m at 3.61 g/t from 665m (drill hole SPRCD062 at Consols prospect); 27m at 1.03 g/t Au from 163m (SPRC078 at Essex Zone); 28m at 0.88 g/t Au from 160m (SPRC077 at Essex Zone); and 21m at 0.73 g/t Au from 133m (SPRC076 at Thistle Zone). Waratah Minerals (ASX:WTM) also found visible gold at Consols, which it says represents a major extension of the Spur Gold Corridor. A broad spaced drill program is planned for Consols to determine the extent of the mineralised system from surface to approximately 450m depth. Scale and significance becoming clear The company is confident the drilling demonstrates the potential scale, significance and growth upside of the rapidly emerging Spur Gold Corridor. 'Drill hole SPRCD062 represents a pivotal drill hole for Waratah at our Spur project,' MD Peter Duerden said. 'We have always believed that the epithermal gold mineralisation of the Spur Gold Corridor crossed the Essex Fault and should extend to the northeast, despite historical drilling having been unable to locate extensions. 'The decision by the exploration team to extend SPRCD062 twice based on encouraging geological indicators has resulted in the identification of a new mineralised zone including visible gold with high grades at Consols which represents a major extension of the Spur Gold Corridor and the best intercept at the project to date. 'With the ongoing exploration success and a high-level team in place the company is planning to accelerate activity at the project.' Extensional RC and diamond drilling is now underway at the Spur Project to define epithermal gold across the >1.5km Spur Gold Corridor whilst simultaneously testing for porphyry mineralisation in the Breccia West area. This article was developed in collaboration with Waratah Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Herald Sun
18-06-2025
- Business
- Herald Sun
Waratah Minerals confirms expansion potential at Spur Gold Corridor
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Special Report: An expanded three-rig campaign at Waratah Minerals' Spur project has confirmed extensions to known gold mineralisation at the Spur Gold Corridor, as drilling continues to investigate a potential link with a porphyry gold-copper system. Numerous intercepts returned from expansion drilling at the Spur gold-copper project in NSW Significant new extensions to gold mineralisation have been identified as work continues to grow the scale of the Spur Gold Corridor Follow-up drilling is planned with an additional 60 holes planned Numerous intercepts from expansion drilling were returned within the >1km Spur Gold Corridor such as 77m at 1.31g/t gold from 310m, including 8m at 3.19g/t gold from 327m as well as 56m at 1.63g/t gold from 252m. New extensions to gold mineralisation, northeast of the Essex Fault, were identified with drilling linking the Spur and Consols Zones, returning 11m at 1.49g/t gold from 90m, including 1m at 14.45g/t gold from 98m. Meanwhile, the program at Breccia West intercepted a broad zone of porphyry-related mineralisation and alteration, with drillhole BZD002 hitting 33m at 0.18% copper equivalent and 61ppm molybdenum from 546m within 419m at 45ppm molybdenum from 34m. Background on Spur Ongoing work is rapidly growing the scale of the Spur Gold Corridor with 76 drill holes totalling 18,852m completed since mid-2024. The Spur Gold Corridor now contains 45 >50-gram x metre and 7 >100-gram x metre gold intersections, establishing it as one of the premier emerging gold discoveries in the region. So far exploration at Spur, which sits within NSW's Macquarie Arc in the Lachlan Fold Belt, has outlined a broad zone of epithermal stringer mineralisation, accompanied by porphyry-style alteration – characteristics consistent with the upper levels of a larger porphyry system. Waratah Minerals (ASX:WTM) has been drilling on the edge of the major Cargo Intrusive complex, and focusing on the shoulders of that structure, a mere 5km west from Newmont's (ASX:NEM) Cadia Valley gold and copper operations. More exploration coming WTM managing director Peter Duerden said the company is excited to see step-out drilling along strike and at depth continuing to expand the Spur Gold Corridor. 'In conjunction with the gold drilling program at the Spur Gold Corridor a second drill hole was completed at the Breccia West porphyry copper-gold target,' he said. 'Drill hole BZD002 intersected a broad zone of porphyry related mineralisation and alteration with anomalous pathfinder elements that typically occur at the tops or edges of porphyry systems indicating that the first two diamond holes into Breccia West occur on the margins of a preserved system. 'The higher-grade mineralisation would be expected within the centre of the system rather than the edges and work is being conducted to vector into this higher-grade centre.' Follow up drilling continues to extend the >1km Spur Gold Corridor with an additional 60 holes planned. This article was developed in collaboration with Waratah Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Waratah Minerals confirms expansion potential at Spur Gold Corridor
The Australian
21-05-2025
- Business
- The Australian
Long Shortz: Waratah Minerals
Tylah Tully speaks with Waratah Minerals (ASX:WTM) managing director Peter Duerden about the company's latest developments. Waratah has just added a third rig to its existing drilling campaign at the Spur gold-copper project, hoping to rapidly grow resources and fast-track step-out drilling at the site. Recent diamond drilling at Spur, in New South Wales, intersected two zones of porphyry copper-gold mineralisation. And after a heavily over subscribed placement raising $8.4 million, Waratah is cashed up for the exploration activity and primed for the next big discovery in NSW. Watch the video to hear more. This video was developed in collaboration with Waratah Minerals, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
