Dundas Minerals (ASX:DUN) was up 3.13% at the open today following revelations that assay results from the company’s North-East Prospect Area surface soil sampling program - at its Albany-Fraser Orogen acreage in southwest WA - has identified two areas of anomalous nickel-copper-cobalt values in the northwest section of the sample program grid.
Following a soil sampling exercise wrapped up earlier this year, Dundas noted 278 samples were collected from a 250mx250m square grid with materials sampled by Intertek Genalysis.
The company says two rough parallel and anomalous Nickel-Copper-Cobalt value trends emerged from the assay results, coincidental to “subtle ground gravity.”
The company notes that “absolute parts per million values of Nickel, Cobalt and Copper returned from the soil sample assays are moderate,” but that the presence of target elements cluster together in uniform geology giving Dundas’ geo team the greenlight to go ahead and continue further exploration.
The anomalous zones identified were located in the northwest corner of the soil sample grid. Dundas notes an additional sample program to extend the soil grid in all directions to test for additional anomalies will be carried out.
The company notes a tightening of the sample grid to 50mx50m or 75mx75m would provide improved delineation of anomalous areas.
Dundas Minerals managing director Shane Volk did not shed any optimism while discussing the soil assay results.
“Although it is early days for our North-East prospect exploration activities, the results from this first-ever soil sampling program are indeed encouraging,” Volk said.
“Outcrops of mafic-ultramafic pyroxenite rocks have been observed at various locations in the North-East prospect area, which is encouraging for nickel and copper mineralisation.”
“We continue to work at finalising plans and obtaining approvals for the commencement of maiden drilling programs for the both the central exploration target and the Matilda South target... Central is located in the North-East prospect Area 6km to the southwest of the soil sample anomalism.”
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