Business · Companies · 17 hrs ago
Waratah drilling extends gold mineralisation between Spur and Essex
Waratah Minerals has found more gold at its Spur project in New South Wales, Australia.
Two drill holes intersected broad zones of gold between the Spur Zone and the historic Essex mine, about 50 metres apart.
The holes extend mineralisation beyond the current resource estimate, which lists 3.08 million ounces of contained gold.
The results support the company’s view that Spur and Essex may be parts of a larger mineralised system, but they do not establish a new resource.
Twelve rigs are drilling across a six-kilometre corridor to test for further extensions and areas that could add to the resource.
The company plans about 50,000 metres of drilling over six months, targeting growth towards five million ounces.
Waratah Minerals reported drilling that extends gold mineralisation between the Spur Zone and the historic Essex mine in New South Wales.
Two holes about 50 metres apart intersected broad gold zones outside the October 2026 resource estimate.
The company said the results strengthen its interpretation that Spur and Essex are part of a larger mineralised system.
Twelve rigs are drilling across the 6-kilometre Spur gold corridor, with about 50,000 metres of drilling planned over the following six months.
- Who
- Waratah Minerals, which is drilling at its Spur project.
- What
- Drilling extended gold mineralisation between the Spur Zone and the historic Essex mine.
- When
- The results were reported on November 9, 2026.
- Where
- The Spur project in New South Wales, along the Tywi Fault between Spur and Essex.
- Why
- The drilling aims to extend known mineralisation and test potential for future resource growth.
This story does not have two clearly opposing sides.
Waratah Minerals reported a resource estimate of 82.9 million tonnes at 1.2 grams per tonne gold, containing 3.08 million ounces.
Waratah Minerals reported drilling results from holes SPD091A and SPD094 between Spur and Essex.
The company planned about 50,000 metres of drilling across the Spur gold corridor.
- Northern hole SPD094
- 170.6 metres at 0.61 grams per tonne gold from 220 metres
- Hole SPD091A
- 157 metres at 0.57 grams per tonne gold from 225 metres
- Distance between holes
- About 50 metres
- Drilling rigs
- 12 operating across the 6-kilometre Spur gold corridor
- Planned drilling
- About 50,000 metres over the following six months
What people are saying
SPD091A and SPD094 are particularly important because they continue to link the Spur Zone and the historic Essex Mine, with both holes intersecting broad zones of gold mineralisation outside the current MRE
These results strengthen our interpretation that Spur and Essex form part of a larger mineralised system and highlight a clear opportunity for further resource growth.