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Maiden drilling begins at Lyons River

16 November 2021
ASX: DAL
Jack Baker

Dalaroo Metals has announced commencement of drilling at its Lyons River project in the Gascoyne province of Western Australia, believed to be an emerging Broken Hill-type deposit. 

The project is a strategic, 100 per cent owned asset for the company expected to have the large, high-grade deposits of lead, zinc and silver ore typified by the historical Broken Hill site. 

The initial reverse circulation drilling program of approximately 2000m is initially focused on testing extensions to the significant primary zinc and lead sulphide mineralisation intersected in a recent diamond drill hole at the Four Corners prospect. 

Drilling will additionally target an encouraging copper trend in the projects north-east zone. 

The Four Corners prospect is one of six regional lead-zinc soil prospects identified at Lyons River. 

Additional surveys underway will be drill tested early in 2022 following passing of the cyclone season. 

Other Projects 

Dalaroo announced yesterday its maiden drone surveys identified nine targets at its Namban site 200km north of Perth, three of them bearing strong resemblance to a rich neighbouring nickel-copper deposit. 

DAL’s Australian Stock Exchange-listed price rose over 6 per cent yesterday, currently trading at 17c (7:12 am UTC+8) 

COMPANY OVERVIEW

Dalaroo Metals is a base metals explorer focussed on creating shareholder wealth through new Ni-Cu-PGE and Pb-Zn-Cu discoveries. The company has two projects with multiple high quality drilling targets, that have significant potential to yield economic and world class discoveries. Namban Ni-Cu-PGE and Lyons River Pb-Zn-Cu-Ag projects occupy a large land position totalling 1,140 km² with the scale to host significant sized orebodies. Significant SEDEX/BHT discovery potential at Lyons River.

COMPANY INFORMATION

ASX: DAL

Website

https://www.dalaroometals.com.au/
https://www2.asx.com.au/markets/company/dal

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