Smallcap explorer Dundas Minerals (ASX:DUN), trying to find copper-nickel and gold at its Central mission in southern WA overlying the Albany-Fraser Orogen formation, has shrugged off earlier struggles as its diamond drill run rolls on.
The corporate at this time stories intersecting 86.5m value of core intervals optimistic for semi-massive pyrrhotite and disseminated pyrite and pyrrhotite sulphides; the drill gap in query is Gap 4 (H4).
The semi-massive pyrrhotite discovered at depth down H4 has already bought Dundas transferring in the direction of a second drill-hole on the goal to be commenced in January 2023, with funding coming half from the WA authorities.
On the similar time, H5 is now being drilled in actual time, with the drill roughly a 3rd of the best way on-track to its full depth of 350m. It’s situated 150m northwest of H1.
Downhole EM marketing campaign
The corporate is now conducting downhole electromagnetic imaging in to get the geodata it wants to start out informing the form of next-stage drilling.
Contractors are on-site to run downhole EM exams in 4 completely different holes, chasing up on an already promising batch of underground targets to analyze.
Information retrieved can be assessed after which used to corroborate an exploration design plan for the pending H6 drill goal.
What about sulphides?
Each sulphides encountered at this time are usually coincident with mineralisation of all three focused metals, nonetheless, the presence of those sulphides doesn’t assure the presence of business metals; as is the case for lithium in spodumene.
All in all, shareholders might want to look ahead to assays to get again to Dundas, which it expects to be returned in January subsequent 12 months.
Shareholders ought to consider ongoing delays at assay laboratories in WA (and throughout the nation) stay the quo because of order backlogs, one thing we’ve talked about right here at Market Index for many of the 12 months. The scenario is slowly enhancing.
A take a look at width and depth
Dundas hit a ten.25m intercept of semi-massive pyrrhotite at 500m depths, which it’s value noting is considerably deep and poses onerous implications for any type of mine growth, at the least, at this present time.
A complete of 86.5m value of core hit disseminated (learn: much less concentrated) sulphides of two differing types at varied depths, with the shallowest at 81m.
Drilling down the newest goal was terminated at 555m depth to conduct EM surveys.
The ten.5m large sulphides it discovered at that depth, Dundas notes, are extremely conductive (a promising signal that metals could also be current), which helps fashions on-hand suggesting a deep mendacity hydrothermal mineral system is current.
Dundas Minerals’ three month charts
Disclaimer: Market Index helps small-cap ASX listed corporations join with Australian traders by way of clear and concise articles on key developments. Dundas was a shopper on the time of publishing. All protection incorporates factual info solely and shouldn’t be interpreted as an opinion or monetary recommendation.