Total
0
Shares
Dart Mining (ASX:DTM) - Chairman, James Chirnside
Chairman, James Chirnside
Source: Finance News Network
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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
More From The Market Herald

" Anova Metals (ASX:AWV) begins drilling at Big Springs

Anova Metals (AWV) has begun the 2021 reverse circulation (RC) drilling program at its Big Springs gold project in Nevada.
Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic

" Raiden Resources (ASX:RDN) completes tenement acquisition

Raiden Resources (RDN) has completed the acquisition of the nickel-copper-platinum group element (PGE) tenements adjacent to its Mt Sholl project.

" Alkane Resources (ASX:ALK) hits further gold at Molong

Alkane Resources (ALK) has received the latest batch of assay results from its Northern Molong Porphyry Project in New South Wales.
The Market Herald Video

" De Grey Mining (ASX:DEG) raises $125m for Mallina

De Grey Mining (DEG) has received firm commitments to raise $125 million for its Mallina Gold Project.