Dalaroo Metals Ltd successful in securing EIS grant for Goodbody gold discovery

Dalaroo Metals Ltd (ASX: $DAL) has been awarded a $100,000 Exploration Incentive Scheme (EIS) grant by the Western Australian Government. The grant will co-fund the maiden diamond drill program to test the new gold system discovery at Goodbody West within the Lyons River Project.

Technical Commentary on Goodbody Gold Mineralisation

Gold mineralization has been outlined in outcropping quartz veins at Goodbody within robust gold in soil anomalies. The recent air-core drill program has returned significant gold values, and the upcoming diamond drill program is expected to enhance the geological knowledge of the structural features controlling gold mineralization at the Lyons River Project, as stated by Dalaroo Managing Director Harjinder Kehal.

Summary of EIS Co-Funded Drilling Award for Goodbody Gold Discovery

Dalaroo Metals Ltd has successfully secured a $100,000 EIS grant to co-fund the maiden diamond drill program at the Goodbody gold discovery system. The assays from the recent air-core drill program have outlined gold mineralization at the Goodbody West prospect, and the diamond drill program is set to commence in the September 2024 Quarter. The company's Managing Director, Harjinder Kehal, expressed the company's pleasure in being awarded the EIS co-funding grant and highlighted the potential for significant hydrothermal system at Goodbody West. The mineralization remains open at depth and to the east, indicating the need for deeper drilling to assess the potential for structurally controlled high-grade zones.