Dalaroo Metals outlined an exciting high priority gold anomaly from sampling at the Lyons River Project northeast of Carnarvon in Western Australia.
Open to the west, the 1.5 kilometres long Goodbody anomaly has shown 6.25 grams per tonne of gold and revealed itself just five kilometres away from the explorer’s potential Broken Hill-style Four Corners prospect.
The Lyons River project covers a fully-owned 703 square kilometres of the Gascoyne province.
The metals explorer is confident in geochemistry akin to the planet’s largest gathering of lead, zinc, and silver.
The company said the anomaly was largely untested for precious metals.
“Gold prices continue to rise as a haven due to geopolitical uncertainty, and we are excited about conducting more lab testing on the existing samples and doing more follow-up field exploration,” managing director Harjinder Kehal said.
The Perth-based company plan a follow up of Goodbody in the June quarter while continuing exploration of the Four Corners prospect.
DAL’s Australian Stock Exchange-listed share price was trading at 14c today (12.58 pm UTC+ 8 hours).