Materials

SensOre finds another new gold deposit at North Darlot

Tue 26 Jul 22, 10:47am (AEST)
Field worker holds a gold nugget close to the camera for a better look
Source: iStock

Stocks in article

s3n
MktCap:
-
gor
MktCap:
-
red
MktCap:
-
nst
MktCap:
-

Commodities in article

Share article

Key Points

  • Results of an RC drill program confirm unexplored gold basement system on-site
  • Mineralisation believed to extend over a 5km strike distance
  • Follow up diamond drilling to get underway as priority

Minerals explorer and AI-based geology software provider SensOre (ASX:S3N) has today further confirmed the presence of a 5km long untested gold system underground at its North Darlot acreage.

Investors should note existing evidence is not absolute, but is increasingly supported by the results of both an aircore and RC drilling program. 

Further drilling will be undertaken at North Darlot in the coming weeks and months. 

What is North Darlot? 

The Yilgarn Block based gold project development, located in WA, sees SensOre act on an earn-in basis.

Recent exploration so far has been funded by DGO Gold under a 2020 agreement; DGO was snapped up in the recent past by Gold Road Resources (ASX:GOR)

North Darlot is considered a large, under-explored tenement situated in a regional fertile corridor within close proximity to projects operated by Red 5 (ASX:RED) and Northern Star (ASX:NST).

Last month, the company confirmed the existence of 2 gold corridors on-site, which are also tipped for further drilling. 

Management excited to continue 

“[These] drill results indicate we are on to another gold mineral system by utilising our AI technology,” SensOre CEO Richard Taylor said. 

“The results suggest an east dip of the mineralised zone, away from the boundary and into our tenement, highlighting the potential of the western part of the tenement.” 

Follow up RC and diamond drilling together are to get underway at North Darlot alongside further geophysical studies throughout the second half of the year.

SensOre's three month charts. The company's price is down -9% in the first hour of trades—but are investors overlooking an opportunity?
SensOre's three month charts. The company's price is down -9% in the first hour of trades—but are investors overlooking an opportunity?
SensOre was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.

 

Related Tags

Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication. Email Jon at [email protected].

Get the latest news and media direct to your inbox

Sign up FREE