Pioneer identifies new Dingo Dam prospect

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has carried out interpretation of soil geochemistry results and field reconnaissance at the company’s 100 per cent-owned Juglah Dome project, located just outside of Kalgoorlie in Western Australia.

The program resulted in the identification of a new polymetallic anomaly, which Pioneer said will be referred to as the Dingo Dam prospect.

 

Location of the new Dingo Dam copper-gold and lead-zinc anomaly, in
relation to earlier Pioneer RAB drilling Intersections. Source: Company
announcement

 

Pioneer has received results from a soil and rock chip sample geochemistry program, which identified anomalous copper-gold-silver and lead-zinc zones the company has interpreted to represent a possible volcanic-associated sulphide setting.

The anomalies occur over a strike length exceeding 1.2 kilometres.

Two rock chip samples taken from a gossan located within the northern Dingo Dam area returned anomalous copper values to 1.10 per cent copper and gold to 3.67 grams per tonne gold, with elevated silver.

Pioneer has lodged a program of work (POW) application with the WA Department of Mines and Petroleum for a program of regolith drilling to confirm sub-surface anomalism, determine rock types and analyse for mineral-alteration patterns common with volcanic-associated sulphide metal deposits.

The company is putting together drilling programs to be conducted at its Acra (gold), Golden Ridge (nickel) and now Juglah Dome projects.

Pioneer said it anticipates statutory approvals should be received during August, allowing drilling to commence by September 2014.

Email: pioneer@pioresources.com.au

Website: www.pioneerresources.com.au