Goldarc Resources Ltd
GoldArc Delivers Exceptional Rock Chip Results and Expands Target Pipeline at Leonora North
GoldArc Resources has kicked off 2026 with outstanding exploration results that significantly expand the discovery potential at its Leonora North Gold Project. The company's systematic exploration approach has yielded exceptional rock chip assays up to 51.9g/t gold and identified two new priority drilling targets.
GoldArc's latest soil survey and rock chip sampling programme has delivered remarkable results that validate the company's belief in the untapped potential of the project. The standout achievement is the identification of five new, undrilled gold anomalies alongside exceptional rock chip results that demonstrate the high-grade nature of the mineralisation.
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Exceptional Rock Chip Results Confirm High-Grade Potential
The rock chip sampling programme has returned some truly impressive results that highlight the quality of mineralisation at Leonora North. Furthermore, these findings substantially enhance the project's exploration credentials.
Key Rock Chip Results:
- 51.9g/t Au (ASR03106) – an exceptional grade demonstrating the high-grade potential
- 14.2g/t Au (ASR03101) – confirming consistent high-grade zones
- 11.2g/t Au (ASR03102) – supporting the robust mineralisation
- 1.5g/t Au (ASR03099) – showing the broader mineralised envelope
These results were obtained from quartz veining and sheared mafic and felsic lithologies, indicating that the gold mineralisation is associated with structural controls. Consequently, these controls could extend over significant distances.
"These results are outstanding and a testament to our systematic exploration approach. To define five brand-new, undrilled anomalies is a great outcome, but the quality of the S7 target is exceptional." – Paul Stephen, Managing Director
Strategic Target Generation Creates Drilling Pipeline
GoldArc Resources' Leonora North project results have been enhanced by a 317-sample soil survey in early 2026. This survey successfully identified two additional high-priority gold anomalies (S6 and S7) that have never been appropriately drill-tested.
What Makes the S6 Anomaly a Prime Position?
The S6 anomaly represents a strategically positioned target with compelling characteristics:
- Length: Approximately 1.1km long
- Location: Only 150m southwest of the Mt Stirling Gold Deposit
- Orientation: Parallel to the existing Mt Stirling deposit
- Significance: Could potentially extend the known mineralisation footprint
S7 Anomaly – Strategic Location Between Known Deposits
The S7 anomaly occupies a particularly strategic position in the project area:
- Length: Approximately 700m long
- Location: 350m southwest of Mt Stirling and 100m northeast of Mt Stirling Well
- Peak Grade: 793 ppb Au maximum soil result
- Potential: Positioned between two known deposits, suggesting possible connecting mineralisation
In addition, the soil survey was initially designed to sterilise areas for planned waste dump infrastructure. However, it has instead delivered significant exploration upside by identifying these previously unknown targets.
Understanding Soil Geochemistry in Gold Exploration
Soil geochemistry is a fundamental exploration technique that detects trace amounts of gold that have migrated from underlying mineralisation into surface soils. When gold-bearing rocks weather, microscopic gold particles can be transported upward and concentrated in soil horizons.
Why This Matters to Investors:
Soil anomalies provide a cost-effective method to identify drilling targets across large areas. The 793 ppb Au (parts per billion) result from the S7 anomaly is considered highly significant, as gold soil anomalies typically become drill-worthy at levels above 100-200 ppb.
Furthermore, the systematic identification of multiple anomalies suggests a large mineralised system with significant discovery potential. Many of Australia's major gold deposits were initially identified through soil sampling programmes, making this a proven exploration method for targeting follow-up drilling.
Aggressive Drilling Campaign Set to Unlock Value
GoldArc has outlined an ambitious drilling schedule for 2026 that will test both resource expansion opportunities and new discovery targets. This comprehensive programme demonstrates the company's commitment to advancing GoldArc Resources' Leonora North project results.
Resource Development Programme
| Programme | Metres | Timeline | Target Deposits | Objective |
|---|---|---|---|---|
| RC Drilling | ~30,000m | February 2026 | Mt Stirling & Mt Stirling Well | Resource development & expansion |
| RC Development | ~8,500m | March 2026 | Cosmopolitan, Orion, Sapphire, Eclipse, Euroa | Resource definition |
Discovery-Focused Activities
The exploration programme includes several key discovery initiatives:
- Follow-up soil survey northeast of Mt Stirling where historical work has been limited
- Drill testing of newly identified S6 and S7 anomalies
- Systematic exploration of the five undrilled anomalies identified in 2025
The total ~38,500m drilling programme represents a substantial investment in advancing the project. Moreover, it demonstrates management's confidence in the geological potential.
Strong Resource Foundation Supports Growth Strategy
GoldArc's systematic approach is built upon a solid 200,064-ounce JORC resource base across its Leonora portfolio. This foundation provides a strong platform for future growth.
Current JORC Resources
| Project | Category | Tonnes | Grade (g/t Au) | Ounces |
|---|---|---|---|---|
| Mt Stirling | Indicated | 391,000 | 2.1 | 26,000 |
| Mt Stirling | Inferred | 2,158,000 | 1.6 | 111,000 |
| Stirling Well | Inferred | 198,000 | 2.3 | 15,000 |
| Orion | Inferred | 370,000 | 2.2 | 26,409 |
| Sapphire | Inferred | 320,000 | 2.1 | 21,605 |
| Total | 3,437,000 | 1.82 | 200,064 |
The exceptional rock chip grades up to 51.9g/t Au suggest significant potential to discover higher-grade zones. Consequently, these could materially enhance the project economics.
Investment Thesis: Systematic Exploration Delivering Results
GoldArc Resources' Leonora North project results demonstrate a disciplined exploration approach that is systematically unlocking value through multiple vectors.
Proven Methodology
The company has established a systematic approach delivering consistent results:
- Soil geochemistry successfully identifying new targets
- Rock chip sampling confirming high-grade potential
- Systematic data compilation building comprehensive geological understanding
Strategic Location Advantage
The projects benefit from their position in a world-class mining district:
- Projects located in the world-class Leonora district
- Infrastructure connectivity to established gold mining operations
- Proven geological terrane with multiple operating mines nearby
Resource Growth Potential
Multiple opportunities exist for resource expansion:
- Five new undrilled anomalies provide multiple discovery opportunities
- Proximity of S6 and S7 anomalies to existing deposits suggests potential resource expansion
- 38,500m drilling programme will systematically test growth opportunities
Management Execution
The leadership team demonstrates strong execution capabilities:
- Systematic approach delivering consistent results
- Strategic focus on high-probability targets
- Efficient capital deployment across multiple prospects
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Why Investors Should Monitor GoldArc's Progress
GoldArc has positioned itself as an emerging gold explorer with significant discovery potential in a proven gold district. The company's systematic exploration success and aggressive 2026 drilling programme create multiple catalysts for value creation.
Key Investment Highlights:
✓ Exceptional grades up to 51.9g/t Au demonstrating high-grade potential
✓ Five new undrilled targets expanding the discovery pipeline
✓ Strategic positioning between known deposits suggesting system-scale mineralisation
✓ 38,500m drilling programme providing multiple value inflection points throughout 2026
✓ 200,064-ounce resource base providing foundation for growth
Investment Catalyst Timeline
The following milestones provide clear value inflection points:
- February 2026: 30,000m RC programme commences at Mt Stirling
- March 2026: 8,500m development programme begins across five deposits
- Throughout 2026: Drill testing of new S6 and S7 anomalies
- Ongoing: Continued soil surveys in underexplored areas
The combination of high-grade rock chip results, systematic target generation, and aggressive drilling schedules positions GoldArc Resources' Leonora North project results as delivering significant discovery opportunities. However, investors should monitor progress closely as the company advances multiple prospects throughout 2026, potentially defining GoldArc as a major explorer in the region.
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