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- Dart receives assay dataset from maiden 4,000m program at Banshee
- Drilling confirms gold mineralisation over 730m of strike
- Mineralised system remains open along strike and at depth
- Project advances toward maiden JORC resource
Dart Mining (ASX:DTM) has received positive assays from the Coonambula antimony–gold project in Central Queensland.
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The results are the final outstanding assays from Dart’s recently completed 4,100m drilling program at Banshee where the company is in a farm-in joint venture with Great Divide Mining (ASX:GDM).
Highlight assays from the final batch include 12.0m at 1.03 grams per tonne (g/t) gold plus 1.01 g/t silver from 128.0m including 3.4m at 1.78 g/t silver and 2.20 g/t silver from 128.0m.
Chairman, James Chirnside, said the highlight results, together with the lesser gold intercepts returned from the balance of the batch, confirm the Banshee gold-antimony-silver system remains open along the full drilled strike.
“These final assays from our 4,100m program tell us a great deal about the scale of the system we’re dealing with at Banshee. Having now tested a full 730m of strike, we’re seeing gold mineralisation present from end to end, including in hole CBADD037, drilled well to the west and at depth, which returned our best result from this batch at 12 metres of consistent gold,” Mr Chirnside said.
“With the 4,100m program now fully assayed, the team is turning to compositing samples for metallurgical test-work and building out the 3D model that will underpin our maiden mineral resource estimate, which will also see us move to 51% equity in the Project once complete.”
With the completion of these final assays, Dart has now received and reported results for all 41 holes (4,100m) drilled under the first phase of the Coonambula farm-in, confirming the company’s increase to 45% equity in the project.
A further six per cent equity (to 51%) will be earned on completion of a maiden mineral resource estimate which is planned following metallurgical sighter studies currently underway.
DTM was steady at 1.4¢ with a Mkt cap of $3.669M prior to markets opening.
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