- DGO Gold (DGO) intersects a 30-metre zone of sulphide mineralisation at the Yerrida Project in Western Australia
- The company is undertaking a diamond drilling program with the first hole designed to test strong alteration intersected by previous drilling
- Assays are pending and DGO Gold will conduct electromagnetic work to assist with follow-up targeting
- DGO ended the day 5.25 per cent in the green to close at $3.21
DGO Gold (DGO) has provided an update on its maiden diamond drilling program at the Yerrida Project in Western Australia.
Geological logging of a single hole has identified a 30-metre zone of strong sulphide mineralisation that contains disseminated chalcopyrite within intervals of pyrrhotite-pyrite.
Within this 30-metre zone, the hole intersected 1.8 metres of of semi-massive pyrrhotite-pyrite from a 302.2-metre to 304-metre depth.
This hole was drilled to test strong alteration intersected in a previous reverse circulation (RC) hole that is located 400 metres away. The RC hole intersected 132 metres at 1.3 grams of silver per tonne (g/t) from 56 metres in a broad zone of anomalous gold, arsenic, copper, lead and zinc.
While assay results are yet to be released, Executive Chairman Eduard Eshuys was pleased with these initial findings.
“DGO has spent the past five years utilising the best geological knowledge and techniques to develop compelling targets. We are excited by these preliminary results and look forward to updating the market with assay results in the near future.”
The company will sample and analyse the drill core to get the full assay results. It will also conduct electromagnetic work to assist with follow-up targeting.
DGO ended the day 5.25 per cent in the green to close at $3.21.