Waratah Minerals Says New South Wales Project Drilling Confirms Eastward, Down-Plunge Extension of Mineralized System; Shares Down 4%
MT Newswires Live
Yesterday
Waratah Minerals (ASX:WTM) said growth and extensional drilling at the Consols zone at the Spur project in New South Wales confirmed an eastward and down-plunge extension of the broad mineralized system, according to a Tuesday Australian bourse filing.
It also identified a previously unrecognized zone of shallow, high-grade gold mineralization. It hit intercepts of 12.7 meters at 1.35 grams per tonne (g/t) grade of gold from 44 meters, as well as 23.5 meters at 2.12 g/t grade of gold from 563 meters.
Its shares fell nearly 4% in recent trading on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.