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Desert Metals (ASX: $DM1) identifies new gold structure in côte d'ivoire

Desert Metals reports new gold structure and lithium minerals in Côte d'Ivoire


Desert Metals Limited (ASX: $DM1) has announced the discovery of a new gold structure at the Tengrela South project in northern Côte d'Ivoire. The aircore drilling results revealed a significant gold intersection, along with the identification of lithium minerals in the region. The company is also planning initial exploration for the Adzope gold project.

Executive commentary on exploration results and future plans


Desert Metals Managing Director, Stephen Ross, expressed satisfaction with the significant gold intersection at Tengrela South, emphasizing the potential for new mineralized structures in the region. He highlighted the company's confidence in pursuing further exploration based on the positive results and outlined the planned soil sampling and drilling programs for gold at the Adzope gold project. The company aims to commence follow-up drilling at Tengrela South and Logbog in May 2024, indicating a proactive approach to capitalize on the exploration findings.

Summary of Desert Metals' exploration and future prospects


Desert Metals' recent aircore drilling at Tengrela South has unveiled a new gold structure and the presence of lithium minerals, signifying promising prospects for the company. The upcoming follow-up drilling and soil sampling programs demonstrate a commitment to further exploration and potential discoveries. With plans to commence exploration at the Adzope gold project upon permit grant, Desert Metals is strategically positioned to pursue its exploration and development objectives. The company's focus on expanding known mineralization areas and identifying additional gold targets reflects its ambition to capitalize on the region's mineral potential.

DESERT METALS LIMITED
DM1 | ASX | Materials
0.0210(+0%)
At close 05/07 (AEDT)
Market cap
$5.6M
Volume
1,010,141
DY Yield
0
PE Ratio
0
52 Week Range
0.019 - 0.135
1YR Return
N / A

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