Dundas Minerals pegs up prospective ground following geophysical surveys
Dundas Minerals has identified anomalies across the new ground that is contiguous to its existing tenements.
Following comprehensive geophysical surveys, Dundas Minerals (ASX: DUN) has lodged an exploration licence application for ground that adjoins its existing namesake project tenements in Western Australia’s Albany-Fraser Orogen.
The move to peg up more ground in the area comes mere weeks after the company listed on the ASX in early November.
Project-scale geophysical surveys were completed across Dundas’ ground in the region and a data review has identified coincidental anomalies.
Dundas says the new ground would ensure the entirety of the anomalies noted in the surveys are within its tenements.
The anomalies are within the company’s existing high priority northeast exploration area, with the addition of the new licence to provide about 5km of strike hosting these anomalies.
“It is very early days, but the coincidental AEM, gravity and magnetic anomalies that have been identified in the northeast project area, plus the mafic xenolith that was observed are encouraging,” Dundas managing director Shane Volk said.
“This is an example of the new exploration target areas that we are able to generate from our upfront investment in project-wide geophysical surveys.”
“We are fortunate that the northern extension of the anomalies, which lay outside of our existing tenement, was in an unpegged area, so we quickly made application for the ground,” he added.
Next steps at Dundas
To follow up on these newly identified targets, Dundas plans to carry out a in-fill gravity and aerial magnetic surveys over the northeast exploration area “at the earlier opportunity”.
Mr Volk said these will likely begin towards the end of the planned drilling programs at the Jumbuck and Kokoda targets.
These drilling programs are due to kick-off imminently – starting at Jumbuck where it will follow up on a historic hole that hit 5,490 parts per million nickel at the end of a 22m deep hole.
The rig will then move to Kokoda where a 4km long gold-copper trend has been identified.