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Lyons River continues Broken Hill style

16 March 2022
ASX: DAL
Jack Baker

Dalaroo Metals highlighted surface zones of Broken Hill-type/sedimentary exhalative deposits from nearly 2000 metres of drilling at the Four Corners prospect, part of the Lyons River project in Western Australia’s Gascoyne Region.

The promising geological setting also bore significant silver intercepts up to 7.5 grams per tonne, adding further prospects for the project.

Lead and zinc have both advanced in spot price over the year and safe-haven silver has moved up over 6 per cent in a tumultuous month.

The company said it also encountered several encouraging zones of alteration and manganese-rich carbonate.

“All the geological signs point to our ground being highly prospective for a large scale discovery, we are in the right location with some quality silver hits and importantly the lead zinc mineralization remains open in three directions,” managing director Harjinder Kehal said.

Next up at Lyons River are heritage surveys for further Four Corners testing and aircore drilling at the Browns and Crawfords prospects.

DAL’s Australian Stock Exchange-listed price was trading at 14.5c today (8.30 am UTC+ 8 hours).

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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