- Dampier Gold (DAU) has extended the soil survey at the Credo Gold joint venture (JV) in Western Australia
- The extension comes after positive results from the first reverse circulation drilling program
- The 400 site soil sampling will be commencing soon and will be extending the previous orientation survey
- Results from the survey will be used to plan the next phase of the drilling at Credo
- On market close for the day, Dampier is up 1.52 per cent and is trading for 6.7 cents per share
Dampier Gold (DAU) has extended the soil survey at the Credo Gold joint venture (JV) with Torian Resources.
The extension comes after the successful first reverse circulation (RC) drilling program which identified JORC compliant resources of 12,259 ounces of gold.
Dampier says the 400 site soil sampling will be commencing soon and will be extending the previous orientation survey.
The phase two soil survey will be extended along the strike of high-grade corridor to the tenement boundary, testing for further gold bearing structures.
RC drilling will also be needed to test the anomalous zones due to the fresh gabbro (rock) near the surface in this part of the tenement area.
Results from the survey will be used to plan the next phase of the drilling at Credo.
Last year, Dampier signed agreements to earn up to 50 per cent of Credo Well in the Mt Pleasant district of Western Australia.
The Mt Pleasant district has a number of operating mines that has produced around 20 million ounces of gold and remains prospective for further discoveries.
On market close for the day, Dampier is up 1.52 per cent and is trading for 6.7 cents per share.