Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dominion Minerals Limited’s (DLM) drilling program at the Georgia Lime project has confirmed high calcium limestone in all 13 drill holes
  • Within the property, the Ocala limestone consists of a near horizontal strata of very light grey-beige fossiliferous limestone
  • The high calcium limestone drill hole intervals range from 4.5 to 9.7 metres, with almost all results above 95 per cent calcium carbonate
  • The limestone at the project has a ‘typical’ thickness of 5 to 10 metres, increasing to 12m at the south of the property
  • Dominion Minerals Limited (DLM) last traded at $0.07 per share before market open on December 22

Dominion Minerals Limited’s (DLM) drilling program at the Georgia Lime project has confirmed high calcium limestone in all 13 drill holes.

The deposit is hosted in the upper Ocala limestone, a shallow deposit that lies at or near the surface in southwestern Georgia, US.

Within the property, the Ocala limestone consists of near-horizontal strata of very light grey-beige fossiliferous limestone.

The limestone at the project has a ‘typical’ thickness of 5 to 10 metres, increasing to 12m at the south of the property.

The high calcium limestone drill hole intervals range from 4.5 to 9.7 metres with almost all results above 95 per cent calcium carbonate.

“We are encouraged by the results of the 2021 drilling campaign which confirms the results from historical exploration and indicates the potential to host a large, high calcium limestone deposit in an infrastructure rich region with significant baseload demand,” Dominic Allen, Executive Director of Dominion, said.

In 2019, Powerlime purchased an option to acquire the project and conducted a rotary sonic drilling program.

The program consisted of four holes which all encountered high calcium limestone.

A follow-up rotary sonic drilling program in 2020 consisted of an additional four holes, which were completed with similar results.

Eight test pits were also excavated to confirm depth to the top limestone.

The pits were dug with a track-mounted excavator, and all pits reached the top of the limestone where with the total thickness of the unconsolidated overburden was recorded.

A bulk sample was collected from the uppermost portions of the limestone and is being held in inventory for further metallurgical testing.

The historical data is expected to be incorporated into a maiden mineral resource estimate at the limestone project.

Dominion Minerals Limited (DLM) last traded at $0.07 per share before market open on December 22.

DLM by the numbers
More From The Market Herald
Limeade (ASX:LME) - CEO, Henry Albrecht

" Limeade (ASX:LME) maintains FY21 financial guidance in quarterly report

Limeade (ASX:LME) has maintained its FY21 revenue guidance of $50 million to $53 million, but posted…
Sihayo Gold (ASX:SIH) - Executive Chairman, Colin Moorhead

" Sihayo Gold (ASX:SIH) secures further interim funding

Sihayo Gold (ASX:SIH) has secured interim funding from its shareholder, PT Saratoga Investama Sedaya Tbk.

" Alchemy Resources (ASX:ALY) commences aircore drilling at Karonie

Aircore drilling is underway at Alchemy Resources' (ASX:ALY) Karonie gold project 110 kilometres east of Kalgoorlie,…
Little Green Pharma (ASX:LGP) - Managing Director, Fleta Solomon

" Little Green Pharma (ASX:LGP) seeks to expand to Greece

Little Green Pharma (ASX:LGP) seeks to expand to Greece