Waratah stretches Consols and finds new shallow high-grade gold zone
Original announcement by stockhead on
- Company
- Waratah Minerals
- Ticker
- WTM
- Exchange
- Unavailable
- Region
- NSW
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-25 05:04:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Waratah Minerals has extended the Consols gold system at the Spur project by approximately 75m and intersected a new shallow gold zone. The drilling campaign also reported several high-grade intercepts and expanded the mineralised footprint in multiple directions.
Reasoning: Significant step-out drilling success extending the Consols system and identifying a new shallow target with high-grade intercepts.
Positive factors
- Step-out extension of known mineralisation
- Discovery of new shallow gold zone
- High-grade intercepts including bonanza-style grades
- Extension of mineralised footprint north and east
Facts used in scoring: 23
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: SPD074 extended Consols about 75m east and down plunge.
Evidence · text
“Waratah has extended the Consols gold system”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 1m at 13.23g/t and 1m at 15.29g/t are exceptionally high grade.
Evidence · text
“1m at 13.23g/t”
Extracted facts
Stored fact records: 23. Some facts used in scoring do not have a stored record.
Drill Results (23)
SPD074Spur · goldGrade: 1.35Grade Unit: g/tIntercept: 12.7 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 1.35
- Grade Unit
- g/t
- Intercept
- 12.7 m
- From
- 44 m
- To
- 56.7 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:44.0-56.7
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: New shallow gold zone intersection.
Positive factors
- New shallow zone discovery
Evidence · text
“SPD074 intersected the new shallow zone from 44m downhole, returning 12.7m at 1.35g/t Au”
SPD074Spur · goldGrade: 3.24Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 3.24
- Grade Unit
- g/t
- Intercept
- 5 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:44.0-56.7
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval within the shallow zone.
Positive factors
- High grade sub-interval
Evidence · text
“including 5m at 3.24g/t”
SPD074Spur · goldGrade: 13.23Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 13.23
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:44.0-56.7
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Very high grade narrow intercept.
Positive factors
- Bonanza intercept
Evidence · text
“and 1m at 13.23g/t”
SPD074Spur · goldGrade: 1.45Grade Unit: g/tIntercept: 21 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 1.45
- Grade Unit
- g/t
- Intercept
- 21 m
- From
- 489 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:489.0-510.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Deeper intersection.
Positive factors
- Significant width
Evidence · text
“21m at 1.45g/t Au from 489m”
SPD074Spur · goldGrade: 2.5Grade Unit: g/tIntercept: 10.67 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 2.5
- Grade Unit
- g/t
- Intercept
- 10.67 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:489.0-510.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval within deeper intersection.
Positive factors
- High grade sub-interval
Evidence · text
“included 10.67m at 2.50g/t”
SPD074Spur · goldGrade: 2.12Grade Unit: g/tIntercept: 23.5 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 2.12
- Grade Unit
- g/t
- Intercept
- 23.5 m
- From
- 563 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:563.0-586.5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Deeper intersection.
Positive factors
- Significant width
Evidence · text
“23.5m at 2.12g/t from 563m”
SPD074Spur · goldGrade: 3.46Grade Unit: g/tIntercept: 9.82 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 3.46
- Grade Unit
- g/t
- Intercept
- 9.82 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:563.0-586.5
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval within deeper intersection.
Positive factors
- High grade sub-interval
Evidence · text
“included 9.82m at 3.46g/t”
SPD074Spur · goldGrade: 0.94Grade Unit: g/tIntercept: 185 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.94
- Grade Unit
- g/t
- Intercept
- 185 m
- From
- 646 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:646.0-831.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Very wide, lower grade intercept.
Positive factors
- Large width
Evidence · text
“185m at 0.94g/t from 646m”
SPD074Spur · goldGrade: 2.33Grade Unit: g/tIntercept: 20 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 2.33
- Grade Unit
- g/t
- Intercept
- 20 m
- From
- 760 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:760.0-780.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval within the 185m intercept.
Positive factors
- High grade sub-interval
Evidence · text
“included 20m at 2.33g/t from 760m”
SPD074Spur · goldGrade: 0.98Grade Unit: g/tIntercept: 74.9 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.98
- Grade Unit
- g/t
- Intercept
- 74.9 m
- From
- 845.1 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:845.1-919.9
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Wide, lower grade intercept.
Positive factors
- Large width
Evidence · text
“74.9m at 0.98g/t from 845.1m”
SPD074Spur · goldGrade: 1.51Grade Unit: g/tIntercept: 28 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 1.51
- Grade Unit
- g/t
- Intercept
- 28 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:845.1-919.9
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval within the 74.9m intercept.
Positive factors
- High grade sub-interval
Evidence · text
“included 28m at 1.51g/t”
SPD074Spur · goldGrade: 6.41Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- SPD074
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 6.41
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Sample Type
- drill
- Group ID
- SPD074:845.1-919.9
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade narrow intercept.
Positive factors
- High grade sub-interval
Evidence · text
“and 3m at 6.41g/t”
SPD076Spur · goldGrade: 1.12Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- SPD076
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 1.12
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 123 m
Classification
- Sample Type
- drill
- Group ID
- SPD076:123.0-129.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Step-out drilling in Spur Zone.
Positive factors
- High grade sub-interval
Evidence · text
“intersected 6m at 1.12g/t Au from 123m”
SPD076Spur · goldGrade: 3.18Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- SPD076
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 3.18
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Sample Type
- drill
- Group ID
- SPD076:123.0-129.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- High grade sub-interval
Evidence · text
“with higher-grade intervals of 2m at 3.18g/t”
SPD076Spur · goldGrade: 5.12Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- SPD076
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 5.12
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
- Group ID
- SPD076:123.0-129.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade narrow intercept.
Positive factors
- High grade sub-interval
Evidence · text
“and 1m at 5.12g/t”
SPD088Spur · goldGrade: 0.78Grade Unit: g/tIntercept: 5.7 mView all detailsHide details
Identity
- Hole ID
- SPD088
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.78
- Grade Unit
- g/t
- Intercept
- 5.7 m
- From
- 27 m
Classification
- Sample Type
- drill
- Group ID
- SPD088:27.0-32.7
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Step-out drilling in Spur Zone.
Evidence · text
“returning 5.7m at 0.78g/t Au from 27m”
SPD088Spur · goldGrade: 0.45Grade Unit: g/tIntercept: 190 mView all detailsHide details
Identity
- Hole ID
- SPD088
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.45
- Grade Unit
- g/t
- Intercept
- 190 m
- From
- 419 m
Classification
- Sample Type
- drill
- Group ID
- SPD088:419.0-609.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Very wide, low grade intercept.
Positive factors
- Large width
Evidence · text
“and 190m at 0.45g/t from 419m”
SPD060ASpur · goldGrade: 0.73Grade Unit: g/tIntercept: 44 mView all detailsHide details
Identity
- Hole ID
- SPD060A
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.73
- Grade Unit
- g/t
- Intercept
- 44 m
- From
- 412 m
Classification
- Sample Type
- drill
- Group ID
- SPD060A:412.0-456.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Up-dip drilling in Spur Zone.
Positive factors
- Large width
Evidence · text
“returned 44m at 0.73g/t gold from 412m”
SPD060ASpur · goldGrade: 2.17Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- SPD060A
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 2.17
- Grade Unit
- g/t
- Intercept
- 11 m
Classification
- Sample Type
- drill
- Group ID
- SPD060A:412.0-456.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- High grade sub-interval
Evidence · text
“including standout hits of 11m at 2.17g/t”
SPD060ASpur · goldGrade: 5.28Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- SPD060A
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 5.28
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Sample Type
- drill
- Group ID
- SPD060A:412.0-456.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade sub-interval.
Positive factors
- High grade sub-interval
Evidence · text
“4m at 5.28g/t”
SPD060ASpur · goldGrade: 15.29Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- SPD060A
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 15.29
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
- Group ID
- SPD060A:412.0-456.0
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Very high grade narrow intercept.
Positive factors
- Bonanza intercept
Evidence · text
“and 1m at 15.29g/t”
SPD081Spur · goldGrade: 0.93Grade Unit: g/tIntercept: 29.43 mView all detailsHide details
Identity
- Hole ID
- SPD081
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 0.93
- Grade Unit
- g/t
- Intercept
- 29.43 m
- From
- 580 m
Classification
- Sample Type
- drill
- Group ID
- SPD081:580.0-609.43
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Expansion of mineralised envelope.
Positive factors
- Significant width
Evidence · text
“delivering 29.43m at 0.93g/t gold from 580m”
SPD081Spur · goldGrade: 2.49Grade Unit: g/tIntercept: 7.43 mView all detailsHide details
Identity
- Hole ID
- SPD081
- Project
- Spur
- Commodity
- gold
- Ticker
- WTM
Geometry
- Grade
- 2.49
- Grade Unit
- g/t
- Intercept
- 7.43 m
Classification
- Sample Type
- drill
- Group ID
- SPD081:580.0-609.43
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High grade core within intercept.
Positive factors
- High grade sub-interval
Evidence · text
“including a higher-grade core of 7.43m at 2.49g/t”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.