Dart Mining (ASX:DTM) - Chairman, James Chirnside
Chairman, James Chirnside
Source: Finance News Network
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  • Dart Mining (DTM) has received results from a reverse circulation (RC) drilling program completed at the Phoenix Hill–Chinaman’s Gully prospect in Victoria
  • In late 2020, low-impact RC drilling was undertaken to target gold mineralisation and develop appropriate sampling and assaying techniques to use in future work
  • Grades peaked at 10.8g/t gold and the results show that mineralisation remains open at depth and spans more than 600 metres in length
  • Dart’s future work at the prospect will test for strike and depth extensions to the recently intersected mineralisation
  • Furthermore, the company will gather RC sample residue for bulk sampling to more accurately assess the gold mineralisation
  • Despite this news, shares in Dart are down 10.3 per cent and are trading at 13 cents

Dart Mining (DTM) has received results from a reverse circulation (RC) drilling program completed at the Phoenix Hill–Chinaman’s Gully prospect.

This prospect is situated within Dart’s 100-per-cent-owned Rushworth Gold Project, which lies in Central Victoria, 140 kilometres north of Melbourne.

In late 2020, a low-impact RC drilling program was completed at Phoenix Hill–Chinaman’s Gully with work targeting gold mineralisation.

Drilling also aimed to develop appropriate sampling and assaying techniques to use in future resource estimations at Rushworth.

All up, 44 RC holes, for 1270 metres, were drilled and results indicate that mineralisation remains open at depth and measures more than 600 metres in strike.

Best results include three metres at 4g/t gold including one metre at 10.8g/t gold from 18 metres, and two metres at 4.07g/t gold including one metre at 7.1g/t gold from 18 metres.

Dart’s future work at the Phoenix Hill–Chinaman’s Gully Prospect will test for strike and depth extensions to the recently intersected mineralisation.

Furthermore, as many of the samples were nuggety, the company will gather RC sample residue for bulk sampling to accurately assess the gold mineralisation.

Despite this news, shares in Dart are down 10.3 per cent and are trading at 13 cents at 2:13 pm AEST.

DTM by the numbers
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