Dundas Minerals’ diamond drill run at WA-based Central target hits more promising signs

Dundas Minerals (ASX:DUN) has today reported diamond drill rigs at the company’s Central exploration play have intersected pyrite sulphides hosted in quartz, a promising indication that gold, copper, and nickel may be present further underground or nearby. 

Currently, a rig is drilling the fourth diamond hole where a downhole magnetic survey will be conducted; the third hole was completed to depth clocked at 395m. 

It was down this latter drillhole (“Hole 3”) that the company hit pyrite sulphides in a quartz vein. 

While this development on its own does not provide hard evidence of future commercial-scale exploration success, the geology at Central continues to show signs of potential. 

Assays pending; downhole imaging to commence

“We continue to be encouraged by visual results from the Central drilling program, in addition to the anomalous geochemistry returned from the assays,” Dundas chief Shane Volk commented. 

“Sulphides were again encountered in hole 3, not as pervasive as in hole 1, but another positive drill hole. Assay results for hole 1 are expected later this month.”

“Results from the planned down-hole electromagnetic survey in holes 2 and 4 are expected to enable us to more precisely target the line 11000 AMT model.”

Brief overview

Back in late October, Dundas noted it had hit signs of gold, copper, nickel, cobalt and silver in soil samples it collected in late September. 

Nickel, cobalt and copper were among the materials for which evidence of potential mineralisation was strongest.

Earlier this month, Dundas raised over $1.5m to fund the next stage of drilling at the related Matilda South target early next year. 

A look at Dundas Minerals' six month charts shows the company shedding gains it made when it first found evidence of mineralisation. But with promising signs ahead, is Dundas overlooked?

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