THE DRILL SERGEANT: Dundas Minerals (ASX: DUN) set the market alight by announcing the interception of a mafic-ultramafic complex at the company’s Central exploration target in Western Australia.

Dundas Minerals reported its first drill hole (22CEDD001) into the Central target encountered extensive zones of massive, semi-massive, highly disseminated and disseminated sulphides.

Diamond drill hole one (22CEDD001, or Hole 1) was completed to a depth of 423.4m and on the way hit:

• 4.26 metres massive sulphide averaging 88 per cent volume estimate (including: 1.44m from 209.68- 211.12m at 90 per cent estimated volume, and 1.29m from 253.41-254.7m at 95 per cent estimated volume);

• 4.96m semi massive sulphide averaging 55 per cent volume estimate (including: 1.6m from 154.6- 156.2m at 50 per cent estimated volume, and 0.81m from 163.1-163.91m at 55 per cent estimated volume);

• 7.6m matrix/net, blebby and stringer sulphide averaging 40 per cent volume estimate (including: 3.3m from 149.4-152.7m at 40 per cent estimated volume, and 2.2m from 194.3-196.5m at 40 per cent estimated volume);

• 136.16m highly disseminated sulphide averaging 17 per cent volume estimate (including: 15.5m from 115-130.5m at 15 per cent estimated volume, and 12.65m from 350.25-362.9m at 12 per cent estimated volume); and

• 205.39m disseminated sulphide averaging 5 per cent volume estimate (including: 16.31m from 302.48- 318.79 at 3 per cent estimated volume, and 11.75m from 260.92-272.67m at 5 per cent estimated volume).

“Whilst we were always quietly confident of the geophysical data modelling, especially the AMT and SkyTEM EM models, and optimistic that we would drill massive sulphides with Hole 1 – to see it transpire as it has is extremely rewarding for the small Dundas Minerals team, actually it’s an outstanding result,” Dundas Minerals managing director Shane Volk said in the company’s ASX announcement.

“We now very much look forward to receiving the assay results from Hole 1 and to the drilling of our second hole at Central, which will be almost vertical.

“Hole 2 is targeting the centre of line 11000 AMT anomaly to a depth of more than 500 metres.

“Given the results from Hole 1, we’d expect to intercept sulphides again in Hole 2.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Web: www.dundasminerals.com

THE DRILL SERGEANT: Dundas Minerals (ASX: DUN) is set to commence a detailed in-fill gravity survey at its Matilda South area within the Albany-Fraser Orogen of Western Australia.

The in-fill survey follows initial analysis from two high-resolution geophysical surveys conducted across the company’s Dundas project tenements that identified four high priority exploration target areas.

These are Matilda South, North-East, Terra Firma and Jumbuck.

Matilda South will be the first area to be surveyed followed by the North-East exploration target area.

Surveys of the Terra Firma and Jumbuck target areas are planned to follow, early in the new year.

“We are delighted with the generation of these new exploration target areas, especially at Matilda South and North-East,” Dundas Minerals managing director Shane Volk said in the company’s ASX announcement.

“Upon realising the significance of the initial analysis of the gravity survey results in November, we immediately contacted the geophysical survey contractor to arrange for in-fill gravity survey – as quickly as would be possible.

“That the in-fill survey will commence this coming Friday is a real bonus, and will provide us with the time needed to analyse and model the survey data to plan for drill testing these areas in 2022.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: admin@dundasminerals.com

Web: www.dundasminerals.com