Source: Desert Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Desert Metals (DM1) says it intersected further semi-massive to massive sulphides at the Irrida Hill prospect in Western Australia
  • All holes drilled at the prospect have intersected multiple sulphide zones which points to the potential for nickel-copper-platinum group element intrusives
  • Additionally, samples from downhole electromagnetic modelling are still being interpreted to generate more targets
  • Desert Metals will also soon begin drilling at the Dingo Pass and Belele prospects once heritage clearances are finalised
  • Company shares are down 5.88 per cent to trade at 32 cents

Desert Metals (DM1) has intersected further semi-massive to massive sulphides at the Irrida Hill prospect in Western Australia.

A previously drilled hole, IRRDD005, intersected multiple zones of sulphide which is pyrrhotite dominated with traces of nickel and copper.

This follows Desert identifying semi-massive to massive sulphides in two other holes — one of which intersected 9.5 metres of sulphides from 260 metres.

These conductive holes were first identified during an electromagnetic (EM) program last year and were confirmed by regional helicopter data collected in February this year.

Positively, all drill holes had intersected massive sulphides and associated mafic-ultramafic rock which the company believes is a strong indicator for a deposit with nickel-copper-platinum group element intrusives.

Additionally, downhole electromagnetic modelling is being interpreted and preliminary results have already suggested a large sheet of sulphide mineralisation runs parallel to current holes and hasn’t been tested by current drilling.

The company has sent core off to the lab and further targeting will be planned once Desert Metals receives assays.

Aside from Irrida Hill, Desert Metals will soon begin drilling at the Dingo Pass and Belele prospects once heritage clearances are finalised.

Company shares were down 5.88 per cent to trade at 32 cents at the close of market on Wednesday.

DM1 by the numbers
More From The Market Online

Great Western shares jump nearly 11% on WA govt funding for priority Cu-Au targets

Great Western Exploration shares jump nearly 11 percent on West Australian government funding to test copper-gold…

Lithium Universe ends the quarter charged up for Quebec Refinery roll-out

Lithium Universe has closed off the March quarter with a new Chief Financial Officer and strategically located land…

Alligator snaps at extended mineralisation of Blackbush uranium deposit in SA

Extension drilling in the first four months of this year at the Samphire Uranium Project in South Australia has enabled Alligator Energy Ltd