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Waratah Minerals Identifies High-Grade Gold Mineralization in Australia Project

-- Waratah Minerals (ASX:WTM) intersected high-grade gold mineralization during a recent drilling at its Spur gold project in New South Wales, Australia, according to a Wednesday Australian bourse filing.

The results were up to 54 meters at 1.88 grams per tonne grade of gold from 446 meters, including 20 meters at 4.42 g/t gold from 476 meters.

The company said two drill holes returned expanding high-grade mineralization 75 meters along strike and 100 meters toward surface.

Drilling continues with 10 drill rigs onsite, the company said.

The company's shares slipped 1% in recent Wednesday trade.

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