- DMC Mining (DMM) confirms copper anomalism at the Gibb River project in Western Australia following a sampling program
- The company collected 27 rock chip and 11 soil samples from the Middle to Lower member contact zone which returned copper values of up to 315 parts per million
- The results also validate sampling and drilling completed in the 1970s which also showed widespread copper anomalism in the same area
- Executive Chair David Sumich says the results are “encouraging” and indicate that Gibb River represents an “outstanding” exploration project
- Shares in DMC Mining are down 21.7 per cent, trading at 11.8 cents at 2:41 pm AEDT
DMC Mining (DMM) has received results from its field reconnaissance and orientation geochemical sampling at the Gibb River copper project in Western Australia.
The project comprises a prospective tenement package covering approximately 573 square kilometres for copper with previous drilling in the East Kimberley region.
The reconnaissance field program aimed to test historical copper anomalism at the geological contact within the Pentecost Sandstone Formation.
DMC collected 27 rock chip and 11 soil samples which have confirmed the presence of copper anomalism with rock chip values peaking at 315 parts per million (ppm) copper and soil samples peaking at 44.7 ppm copper.
The company said the results validate sampling and drilling carried out in the 1970s which also showed widespread copper anomalism around the same contact.
Executive Chair David Sumich said the results affirm the belief that Gibb River represents an “outstanding” exploration project.
“DMC has secured the entirety of the open areas using our exploration model and thus represents an exploration project with substantial size and scale potential.”
The company has also completed sampling of the Carson Volcanic Unit and expects to receive results in late January 2023.
Shares in DMC Mining were down 21.7 per cent, trading at 11.8 cents at 2:41 pm AEDT.