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Dart Mining (ASX:DTM) - MD and Chairman, James Chirnside
MD and Chairman, James Chirnside
Source: Dart Mining
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  • Dart Mining (DTM) has intersected up to 15.5g/t gold at the Sandy Creek Project in northeast Victoria
  • A 43 hole rotary air blast drilling program was recently completed across six prospects to confirm that the mineralised structures extend at depth and identify gold targets
  • Pleasingly, three of the prospects returned significant gold mineralisation and encouraging gold intersections
  • Follow-up reverse circulation and diamond drilling will now be carried out at these three prospects to identify the grade and character of the mineralisation at depth
  • Dart has ended the day 9.09 per cent in the green with shares trading at 18 cents

Dart Mining (DTM) has intersected up to 15.5g/t gold at the Sandy Creek Project in northeast Victoria.

Dart recently completed a 43 hole rotary air blast drilling program across the Honeysuckle, IXL, IXL East, Shamrock, Morning Star and O’Dell’s prospects to identify gold targets and confirm that the mineralised structures extend at depth.

Pleasingly, the Honeysuckle, Shamrock and O’Dell’s prospects returned significant gold mineralisation and encouraging gold intersections.

Although many holes failed to pierce the target sufficiently, drilling successfully indicated that the significant mineralisation identified at the stated prospects remains open along strike and at depth.

O’Dell’s

Several promising results came from O’Dell’s with best results of five metres at 3.96g/t gold including one metre at 15.5g/t gold, and five metres at 5.75g/t gold including three metres at 8.8g/t gold.

Further drilling is required at O’Dell’s to test additional lines of mineralisation.

Honeysuckle

Best results from the Honeysuckle Prospect include three metres at 2.5g/t gold including one metre at 5.57g/t gold, and four metres at 2g/t gold.

Furthermore, the drill cuttings indicate that mineralisation is hosted by a high proportion of sulphide within potassic-altered granite.

Shamrock

Drilling was difficult at Shamrock due to an abundance of underground workings.

Low-grade intercepts were recorded at the prospect with results of one metre at 3.56g/t gold, two metres at 1.84g/t gold and one metre at 1.1g/t gold returned.

Morning Star

Besides a result of one metre at 0.49g/t gold, no mineralisation was encountered at Morning Star due to the early termination of the holes.

IXL and IXL East

Due to topographic constraints and restrictions from a low impact drilling program, no mineralised intercepts were recovered from either the IXL or IXL East prospects.

Follow-up reverse circulation and diamond drilling will now be carried out at the Honeysuckle, O’Dell’s and Shamrock prospects to identifying the grade and character of the mineralisation at depth.

Dart has ended the day 9.09 per cent in the green with shares trading at 18 cents in a $16.49 million market cap.

DTM by the numbers
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