Dundas Minerals Ltd (ASX:DUN) has restarted drilling at the Central Exploration Target (NYSE:TGT) in its quest for nickel, copper and gold in the prospective Albany-Fraser Orogen of Western Australia.
This new drill campaign will test a very low resistivity audiomagnetotellurics (AMT) anomaly.
The first hole of the program, hole 6, is planned to around 700 metres depth and is being drilled around 150 metres northeast of the hole completed in October 2022, which was drilled to 423 metres and did not test the centre of the AMT anomaly model.
Funding from WA Government
The diamond drill hole is one of two that have been awarded 50% co-funding – to a maximum of $220,000 – under round 26 of the WA Government’s Exploration Incentive Scheme (EIS).
Dundas Minerals managing director Shane Volk said: “Considerable sulphides, predominantly pyrite, were intersected in drill hole 1 at Central.
“Although assay results did not return significant mineralisation, the volume of sulphides was considerable and some assay results from the hole were elevated in zinc, coincident with the top of the AMT model anomaly.
“Hole 6 is planned to target the centre of the AMT anomaly model at greater depth compared to Hole 1, the objective is to test for possible base metal deposition.
Further drill plans on horizon
“Hole 6 is one of two 50% co-funded diamond drill holes under the Western Australian Government EIS. In addition to the current drilling at Central, plans are well advanced for the commencement of an inaugural reverse circulation (RC) drilling program at the company’s Matilda South prospect.
“We expect drilling at Matilda South to commence in early February 2023; details will be announced once they are finalised.
"The Matilda South drilling is also 50% co-funded under the Western Australian Government EIS program, to a maximum of $180,000.”
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