Spartan Resources Reports Deepest Intercept at Pepper Prospect

Spartan Resources has reported its "deepest intercept to date" at the newly discovered Pepper prospect within the Dalgaranga gold project in Western Australia.

The Pepper discovery was announced by Spartan in April, described as "a new high-grade gold lode" located about 90 meters south of the Never Never gold deposit.

The initial Pepper discovery intercept measured 17.52 meters at 15.86 grams per tonne (g/t) of gold, including 9.22 meters at 27.89g/t of gold. This intercept displayed mineralization typical of the Never Never deposit, with similar grades and mineralogical characteristics.

Recently, Pepper has recorded an intercept of 25.24 meters at 16.66g/t, including three high-grade sub-intervals: 5.21 meters at 18.74g/t, 4.65 meters at 52.46g/t, and 5.44 meters at 12.39g/t of gold within the overall high-grade drill intercept.

Spartan stated that this new intercept confirms that high-grade gold mineralization extends more than 115 meters down-plunge.

"Just weeks after its discovery in April 2024, Pepper is already emerging as a significant new high-grade ore system immediately adjacent to our flagship deposit, the 0.95Moz Never Never gold deposit, discovered in 2022," said Spartan's managing director and chief executive officer, Simon Lawson.

"This latest drill intercept in DGRC1431-DT-W1 of 25.24 meters at 16.66g/t gold is the best and deepest Pepper drill intercept to date, and at 420.5 gram x meters, it is the fourth best intercept ever recorded at the Dalgaranga gold project, Never Never included."

A maiden mineral resource estimate for the Pepper prospect is expected to be completed as part of the scheduled mid-year resource update for Dalgaranga.

Spartan will continue drilling throughout the remainder of 2024, focusing primarily on expanding Never Never’s underground resource.

"Owning high-grade resources close to relatively new processing infrastructure is a great formula and the foundation behind many highly successful and resilient producers, past and present," Lawson said.

"What differentiates our opportunity—the Spartan story—is that we are generating excitement, momentum, and value by drilling and actively growing our high-grade gold resources through continuous discovery, right in front of our existing infrastructure."