Desert Metals (ASX:DM1) on Tuesday reported a 17 metre drill hit grading at 7.5g/t gold which it says proves its project’s potential. Of likely interest to shareholders and investors is this reflects the company’s maiden drill run.
Focusing on a target area the company calls ‘King Kong,’ the result came from 262m downhole (at an angle) for a vertical depth of about 190m underground.
Nine holes were completed with a diamond tipped rig for 1,714m sniffing around in an area backed up by geophys data and surface level soil anomalies.
Desert on Tuesday reported all nine holes intercepted mineralised geology underground. Hoping to keep that success flowing, drillers will be back on-site with an identical rig set up in Q1 of CY25.
Other hits included 5m @ 23.1g/t gold, and, 13m @ 1.64g/t gold.
“The drilling results support our strong belief that the Adzope gold project hosts substantial gold mineralisation,” DM1 MD Stephen Ross said.
“Single reconnaissance holes were drilled next to artisanal pits mined for gold or on a coincidental geophysical and gold-in-soil anomaly, so for these holes to return thick and high-grade intercepts is extremely encouraging.
“We believe these results indicate the presence of significant high-grade gold mineralisation in the immediate area… this first-pass drilling has confirmed King Kong’s potential and provided us with strong signatures of where to drill next and where not to drill, so we look forward to the upcoming exploration programs in 2025.”
DM1 last traded at 2.7cps.
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