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Dalaroo looking at a golden Goodbody

4 April 2022
ASX: DAL
Jack Baker

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).

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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