Dundas may have hit early evidence of nickel, copper and gold at its Central play
Dundas Minerals' latest drillwork at Central, in south WA, turns up promising early signs for gold
Source: Unsplash
Mentioned
KEY POINTS
- Dundas has intersected multiple sulphides often coincident with the metals it is hunting: nickel, copper, and gold
- Two drillholes complete with latest results from #2 sent to lab for analysis; drillhole 3 commenced
- Company expects drilling to run into December, some 12km of prospective target area is present on-site
Dundas Minerals’ (ASX:DUN) latest drill run at its Central Prospect in WA has returned diamond cores prospective for nickel, copper and gold mineralisation.
A diamond drill rig perforated pyrrhotite, chalcopyrite and pyrite sulhpides, which often forms alongside commercial base metals, suggests the exploration team is on the right track.
Lab results pending
The cores have been sent to two separate laboratories in Perth. Dundas said the anticipated turn-around time for the assay results at one of the laboratories is between four to six weeks. While the other expects results to be posted during November 2022.
The company notes sulphides intersected in hole 2 were lower than expected, but that modelling held by the company still suggests commercial metals are underground; as well as the presence of a strong magnetic anomaly.
Still early days: Management
“It is still early days at Central, this being only the second hole in an initial program across a series of anomalies spanning 12km,” Dundas MD Shane Volk said.
“Hole 3 is now underway and is planned to test the strongest of the anomalies. The hole is located approximately between the first two and we anticipate drilling will continue into December.”
“The intercepts are encouraging, as are various pXRF readings from the drill core. Nothing from the results of this hole discourages us.”
Hole 3 is expected to be complete in 7 to 10 days, after which the rig will move to hole 4.
A look at Dundas Minerals' three month charts
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