Arika Resources Limited (ASX: ARI) has identified 17 new high-priority gold targets from recent ultrafine surface geochemical surveys across its Kookynie Gold Project in Western Australia. These surveys, covering the Mulga Plum-Jeedamya tenements and the Cosmopolitan Prospect, have outlined basement-sourced gold and multi-element geochemical anomalies aligned with orogenic mineralization systems. At Mulga Plum–Jeedamya (E40/350), two standout targets—MJTA 1 (~750m x 450m) and MJTA 9 (~2,200m x 300m)—show strong potential. At the Cosmopolitan NW Prospect (M40/61), two new targets, CTA1 and CTA2, yielded peak results of 231.8ppb Au and 44.8ppb Au, respectively. These targets remain untested by drilling.
Further extensional and infill sampling is planned to refine the most promising areas. Meanwhile, drilling is set to resume this week at the Yundamindra Gold Project, marking the beginning of the company's active exploration phase.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
