Dundas Minerals hits more shallow gold as Central Target sparkles
Proactive Investors
Published Oct 31, 2022 12:32
Updated Oct 31, 2022 13:01
Dundas Minerals hits more shallow gold as Central Target sparkles
Dundas Minerals Ltd (ASX:DUN) has hit gold in ongoing drilling targeting the Central prospect within the highly-prospective Albany-Fraser Orogen in Western Australia.
Rotary air blast drilling in 22CEWB003, a shallow 37-metre hole, intercepted surprising massive sulphides, with laboratory assays of drill chip samples returning gold values of 15 parts per billion (ppb), up to a maximum of 21 ppb.
Lab results also returned much higher values for copper and nickel than the maximum pXRF readings previously reported, while silver returned lower.
The results have also confirmed very high sulphur, with a highest value of 42%, while cobalt values were lower, which could be due to inter-element interference associated with iron.
Summary of the results for all composite samples from 22CEWB003.
The company said it was encouraged by the results from the shallow drill hole, which indicated gold mineralisation at depth.
They support the company’s initial geological interpretation, after assessing the drill core from diamond drill hole 1, of a hydrothermal system permissive of gold mineralisation overprinted on an earlier mafic-ultramafic intrusive system.
Location of 22CEWB003 relative to diamond drill holes 1 and 2 (completed), hole 3 currently underway, plus hole 22CEWB001.
Dominant land position
Western Australian exploration company Dundas Minerals holds 12 contiguous exploration licences, either granted or under application, covering an area of 1,201 square kilometres in the southern Albany-Fraser Orogen region.
The Albany-Fraser Orogen hosts the world-class Tropicana gold mine and the Nova nickel mine.
All of Dundas Minerals’ licences are 100% owned and are within unallocated Crown Land.
Its tenements have not been subject to modern exploration and are deemed prospective for nickel, copper and rare earths - battery minerals that are highly sought after - and gold.
Read more on Proactive Investors AU
Disclaimer
Get The App
Written By: Proactive Investors
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.