The Ricciardo project, located in the northern goldfields of Western Australia, recently announced its first diamond drilling results, revealing high-grade gold extensions. This news from Ricciardo, a part of the rapidly progressive Lake Carey Gold Project, certainly sparks excited anticipation pertaining to the immense potential in Australia’s underground reserves.
The exploration updates came from the results of two diamond drill holes, marking the first-ever diamond exploration at Ricciardo. Firstly, the hole identified at LCKDD002 intersected with 12.94 grams per tonne (g/t) gold over 1m from 136m, an impressive extension at Larkinville. This, in combination with the following hole, LCRC456, led to the discovery of a newfound high-grade gold zone of 4m at 4.96 g/t gold from 84m.
Reflecting on the significant attainment of Ricciardo, Apollo Consolidated, who controls 100% of the projects in the Lake Carey Gold Project, expressed immense contentment and confidence in their ongoing exploration activities.
The management of Apollo Consolidated, along with their technical team, strongly believe in the potential that Ricciardo holds. This inherent potential is further supported by the fact that Ricciardo is strategically situated in the broader Lake Carey area, which is known for its prominent gold production history and potential. Given this, they are looking forward to the continuation of the project; upcoming assay results from diamond holes LCKDD003 and LCKDD004 will only add to the thrilling anticipation that Ricciardo’s initial drilling activities have spurred.
With respect to the overall drilling operations, a total of 999m has been drilled to date, encompassing seven reverse circulation (RC) and two diamond holes. A key focus in these operations remains on exploring the potential of Larkinville, which is an area of particular interest as it was an underexplored target prospective for gold mineralization.
On the technical front, the domain modeling suggested interesting patterns. For instance, the data on drilling results and mining activities indicated that the gold mineralization at Ricciardo is occurring in association with quartz filled fracture zones. These detailed results and interpretations will greatly influence how further resource modeling at Ricciardo will be carried out. Moreover, the information on mineralization will provide critical insights into planning for future explorations.
The recent diamond drilling results represent an important milestone in the journey of Ricciardo, and more broadly the Lake Carey Gold Project. The results reinforce the belief that further explorations will only uncover more valuable resources, thus amplifying the project’s overall potential.
With the Australia’s goldfields reaching new heights of exploration and prospecting, projects like Ricciardo are gaining impetus, providing a springboard for further improvements in gold recovery, resource modeling, and mining technology in Australia.
TL;DR – The results from the first-ever diamond drilling at Ricciardo, part of the Lake Carey Gold Project in Western Australia, have showcased high-grade gold extensions. Apollo Consolidated, the controller of the project, expressed immense contentment over these results and are excited for the future explorations. Furthermore, the results from the initial drilling activities have sparked interest and underline the potential of forthcoming mining operations, making it clear that Ricciardo and the larger Lake Carey project are playing a critical role in advancing Australia’s mining industry.