- Duke Exploration (DEX) has received results from drilling at the Mt Flora prospect which is part of the Bundarra Project in Queensland
- The latest results include 110 intersections of copper, silver and gold mineralisation above a 0.2 per cent cut-off
- Duke is conducting phased drilling at the Bundarra Project and is starting with Mt Flora to deliver a maiden inferred mineral resource
- Aside from Mt Flora, there are five other areas with similar development potential at the Bundarra Project
- Duke ended the day 1.59 per cent in the red to trade at 31 cents
Duke Exploration (DEX) has received results from reverse circulation (RC) drilling at the Mt Flora prospect which is part of the Bundarra Project in Queensland.
The Mt Flora prospect is Duke’s first priority target as part of its goal to deliver a maiden inferred mineral resource for the prospect.
Latest results include seven metres at 2.63 per cent copper, 29g/t silver and 0.19g/t gold from 50 metres, two metres at 1.46 per cent copper, 21.5g/t silver and 0.05g/t gold from 48 metres, and three metres at 1.4 per cent copper, 31.1g/t silver and 0.03g/t gold from 122 metres.
These new results include 110 intersections of copper, silver and gold mineralisation above a 0.2 per cent cut-off that will add to Mt Flora’s maiden resource estimate.
Phase one RC drilling at the prospect has now been completed and included 42 holes for 7807 metres.
Duke has already drilled 16 holes under the second phase of the program which aims to extend and infill the first phase of drilling. First results are expected to start flowing in from late April and are expected to first come from the newly discovered Quarry Lode.
“The results from the next four lines of resource drilling at Mt Flora are better than expected, with the width of the mineralised area four times wider than originally interpreted and the total mineralised area seven times larger than the interpreted mineralised area used to determine the exploration target quoted when we listed,” Chairman Toko Kapea said.
Aside from Mt Flora, there are five other areas with similar development potential at the Bundarra Project as defined by historic mining, geology and geophysics.
In the next two years, Duke’s goals are to develop an indicated mineral resource for the Mt Flora prospect to support feasibility studies.
Duke ended the day 1.59 per cent in the red to trade at 31 cents at market close.