- Dampier Gold (DAU) has seen a jump in its share price this morning after receiving results from its drilling program at the Paradigm East Project
- The phase two aircore drilling program included 21 holes at 1055 metres
- Results included 24 metres at 6.4g/t of gold including four metres at 34.74g/t of gold
- These results have confirmed the mineralisation zone is considered to be highly encouraging for this system to produce high-grade gold zones
- Currently, Dampier has identified more than 40 advanced targets at Zuleika, with more to be tested in the coming months
- On the market this morning, Dampier is up 54.7 per cent and is trading for 9.9 cents per share
Dampier Gold (DAU) has seen a 54 per cent jump in its share price this morning after it received results from its drilling program at Paradigm East Project.
The phase two aircore drilling program included 21 holes at 1055 metres, results have been received for the entire program on four-metre composite samples.
Results include 24 metres at 6.4g/t of gold from 28 metres, including four metres at 34.7g/t of gold from 32 metres.
Other intercepts found greater than 100 parts per billion of gold from two holes, this confirms anomalous gold suggesting the potential of mineralisation in the area.
These results have confirmed the mineralisation zone is considered to be highly encouraging for this system to produce high-grade gold zones.
Paradigm East is part of the Zuleika Gold Project, a joint venture with Torian Resources (TNR), located on the gold-rich Kundana and Ora Banda district of the Kalgoorlie Goldfield.
“We have hit more high-grade mineralisation in previously untested areas. These results extend the known limits of mineralisation. This points to a larger mineralised envelope which in turn will give greater scale to the project,” Managing Director Annie Guo said.
“The success at Paradigm East enforces the significant potential of Dampier’s asset portfolio and together with the technical ability of its committed team, Dampier is on track with its focus of rapidly defining JORC Resources at its Zuleika project area which forms part of our Menzies/Kalgoorlie exploration strategy,” she added.
Currently, Dampier has identified more than 40 advanced targets at Zuleika, with more to be tested in the coming months.
On the market this morning, Dampier is up 54.7 per cent and is trading for 9.9 cents per share at 11:27 am AEDT.