RC drilling rig at the Four Corners Prospect. Source: Dalaroo Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Dalaroo Metals (DAL) begins reverse circulation (RC) drilling at the Lyons River Project in Western Australia
  • The first drilling will be undertaken at the Four Corners prospect with work designed to test several base metal and geological targets
  • Initial focus will test the primary zinc and lead sulphide mineralisation with previous drilling intersecting up to 3.05 per cent lead, 1.37 per cent zinc and 3 g/t silver
  • Drilling will also target the northeast part of the copper trend which lies along the northern edge of an induced polarisation anomaly identified by geological mapping
  • Shares in Dalaroo are down 2.94 per cent on the market and are trading at 16.5 cents

Dalaroo Metals (DAL) has begun reverse circulation (RC) drilling at the Lyons River Project in Western Australia.

Lyons River lies roughly 1100 kilometres north of Perth and 220 kilometres northeast of Carnarvon.

The first drilling will be undertaken at the Four Corners prospect with work designed to test several base metal and geological targets.

It will follow on from the diamond drilling completed late last year and aim to obtain a greater understanding of the stratabound sequence of rocks.

Initial focus will test the primary zinc and lead sulphide mineralisation of 0.2 metres at 3.05 per cent lead, 1.37 per cent zinc and 3 grams per tonne (g/t) silver from 223.2 metres intersected in hole LRDD003.

Drilling will also target the northeast part of the copper trend which lies along the northern edge of an induced polarisation anomaly identified by geological mapping.

The Four Corners prospect is one of six lead-zinc prospects at Lyons with the remaining prospects to be tested early next year following the cyclone season.

Shares in Dalaroo were down 2.94 per cent on the market and were trading at 16.5 cents at 2:40 pm AEDT.

DAL by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX flatlines as Financials flourish and Utilities flounder

The ASX200 closed trading relatively flat. The financials sector gained the most, up 0.35 of a…

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian inflation has come in mixed with an increase of 1% in the March quarter, but…