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Desert Metals (ASX:DM1) intersects more sulphides at Irrida Hill

Mining
ASX:DM1      MCAP $5.574M
25 August 2021 15:15 (AEST)

Source: Desert Metals

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.

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