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Dart Mining (ASX: $DTM) progresses gold exploration drilling

Dart Mining (ASX: $DTM) drilling progress update


Dart Mining NL (ASX: $DTM) is pleased to provide an update on the progress of diamond drilling activities at the Growlers Hill Prospect within the Rushworth Gold tenement package. The company has completed 392m of drilling across the first 4 holes of an initial 7 planned diamond drill holes. Key highlights include the confirmation of structural setting and fault interpretation, observation of veining and stockwork zones in all drill holes, and the presence of strong alteration with sulphides.

Chairman's commentary on drilling progress


The company is pleased with the drilling progress to date, with meters and efficiency improving as we advance on Phase 1 of the Rushworth diamond drilling program. Confirmation of the geological structural aspects and feedback is reassuring, and the presence of strong alteration, zones of quartz stockwork, and significant sized veins is cause for optimism. We are looking forward to releasing more detailed results once assays are received and a considered and contextual interpretation has been made.

Summary of drilling activities and outlook


The first phase of drilling at the Rushworth Project aims to define the structural controls on mineralisation historically mined at the Growlers Hill Prospect. The company eagerly awaits the return of assay results from the first phase of drilling, which will provide a more detailed picture of the geology and prospectivity of the Growlers Hill region. Dart Mining's focus on evaluating and developing historic goldfields in Northeast Victoria aligns with its aim to substantiate a new porphyry province and explore for precious, base, and strategic metals. The Rushworth goldfield's structural architecture, dominated by free gold located in quartz veins within sandstone and shale lithologies, presents significant opportunities for Dart Mining. The company's exploration footprint in the Central and Northeast regions of Victoria indicates the potential for a significant gold endowment. Dart Mining's commitment to providing updates on its exploration programs and tenement status demonstrates transparency and accountability to its stakeholders.

DART MINING NL
DTM | ASX | Materials
0.0220(+0%)
At close 05/07 (AEDT)
Market cap
$5.7M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.052
1YR Return
-31.25%

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