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- Dampier Gold (DAU) and its joint venture partner Torian Resources (TNR) will commence drilling at the Zulekia Gold Project within the coming weeks
- The new drilling program follows the successful drilling results at the Credo Gold Project, which is also held under the joint venture
- The program will focus on exploration targets at the Paradigm East, Browns Dam and Castle Hill East deposits
- On market close, Dampier is up 23.3 per cent and is trading for 3.7 cents per share, while Torian is in the grey and trading at 1.8 cents each
Dampier Gold (DAU) and its joint venture partner, Torian Resources (TNR), will commence drilling at the Zulekia Gold Project in the next few weeks.
Zulekia sits on the gold-rich Kundana district of the Kalgoorlie Goldfields in Western Australia.
The new drilling program follows the successful drilling results at the Credo Gold Project which is the other project held as part of the joint venture. This also follows the recent $1 million capital raise to accelerate drilling programs.
This drilling program will focus on its exploration targets at Paradigm East, Browns Dam and Castle Hill East.
The company has planned a 12-hole, 1500-metre reverse circulation drilling at Paradigm East and a 4000-metre aircore drilling program at Browns Dam and Cast Hill East.
Dampier’s Executive Chairman Malcolm Carson is excited about starting the drilling program and the potential at the project.
“We are exploring in one of the richest gold regions in the world, demonstrated by multiple mines and multiple discoveries along the Zulekia Shear and parallel and cross-cutting structures,” he said.
“Dampier is on track with its focus of rapidly defining a gold JORC resource in its Zuleika project area as part of our Kalgoorlie exploration strategy,” he added.
On market close, Dampier is up 23.3 per cent and is trading for 3.7 cents per share, while Torian remains in the grey and trading at 1.8 cents each.
