• Arika Resources Finds High-Grade Gold Mineralization at Western Australia Joint Venture Project

    Source: Buzz FX / 09 Apr 2025 23:50:00   America/Los_Angeles

    Arika Resources (ASX:ARI) found high-grade gold mineralization at its joint venture Yundmindra gold project's Pennyweight Point Prospect during a recent drilling, according to a Thursday Australian bourse filing.

    Assays from two holes include 35.76 meters at 2.14 grams per tonne grade of gold from 104.27 meters including 13.46 meters at 5.28 g/t gold from 111.4 meters.

    The company said drilling is planned to re-commence shortly to follow up latest results and begin testing new targets.

    The project is a joint venture between the company and Nex Metals (ASX:NME).

    Arika Resources' shares surged 37% in recent Thursday trade.

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