The Market Online - At The Bell

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

  • Dart Mining has dropped 20 per cent after announcing positive results from recent mapping and sampling activities at the Buckland Gold Project
  • Mapping and sampling has located multiple gold-arsenic anomalies in the Fairleys Shear Zone
  • Drilling is required to fully evaluate the zone

Dart Mining has dropped 20 per cent after announcing positive results from recent mapping and sampling activities at the Buckland Gold Project.

Recent geochemical exploration has detected a strong 400 metre wide arsenic soil anomaly over the Fairleys Shear Zone which is located about 2 kilometres northwest of the Fairleys Prospect.

Mapping and sampling has located multiple gold-arsenic anomalies in the Fairleys Shear Zone.

Dart mining said that only limited field checking has been undertaken on these anomalies.

However, according to the company recent field checking of an anomaly located about 1.5 to 2.0 kilometres north-north-west of the Fairleys Prospect has returned very encouraging results.

“Dart Mining’s interpretation is that gold mineralisation associated with the regionally extensive Fairleys Shear Zone and subsidiary shears is almost certainly the dominant bedrock source of the extensive alluvial gold,” the company said.

The Buckland Gold Project is located in the Buckland Valley in North East Victoria.

Dart Mining is an exploration company that aims of evaluating and developing several historical goldfields.

The regional soil program at Buckland is ongoing with a total of 2700 samples collected from 78 kilometres of traverses across the Fairleys Shear Zone.

Drilling is required to fully evaluate the zone but Dart plans to complete a further soil survey to more closely define the area before a drill test is undertaken.

“A major exploration program is planned for the Buckland Gold Project which is the Company’s highest priority gold project because of its potential for large scale gold mineralization,” the company concluded.

DTM by the numbers
More From The Market Online

Provident Aurum’s off-market bid sends Sihayo shares soaring

Small-cap mineral and gold explorer, Sihayo Gold (ASX:SIH) shares have soared, on news that the company…

It’s hard to imagine a world without a mining company called Anglo American

Growing up in South Africa it seemed inconceivable that Anglo American, a mining colossus at its zenith…
The Market Online Video

Geology is King: Sun Silver says Maverick Springs will outshine high-grade Australian mines

Sun Silver Ltd (ASX:SS1) is seeking gold, silver and pathfinder elements at their Maverick Springs project…

Viridis’ Brazilian holdings good for both light and heavy REEs, results beyond 27K ppm

Viridis Mining and Minerals (ASX: VMM) has remained steady on the market today on grades topping 27,000 parts per million from its rare