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Dalaroo delve into the Browns Prospect

6 December 2022 10:23
ASX: DAL

Dalaroo Metals have begun the follow up at Browns, firing up AC drilling to test a compelling two by one kilometre lead-zinc-silver Broken Hill Type target at its wholly owned Lyons River project in the Gascoyne.

It marks the next stage of exploration on one of six base metal anomalies with significant discovery potential for BHT type deposits that constitute some of the largest in the world.

Discovery potential underpinned by high grade gossanous results up to 39.6 per cent lead, 0.71 per cent zinc, and silver as high as 82 grams per tonne.

Sulphide Pb-Zn-Ag mineralisation was intersected in first pass drilling in July this year, with a significant intercept including eight metres at 1.1 per cent lead and 2.5g/t silver further spotlighting potential for BHT type mineralisation at depth.

The trading price of these commodities have risen significantly in recent weeks, with all the trio growing by at least seven per cent as China takes drastic measures to relight its property sector and industrial silver demand heightens.

And Dalaroo have more than high grades of base and precious metals at Lyons River, having uncovered new pegmatite districts prospective and untested for both lithium and rare earths, presenting a unique multi-commodity opportunity as the Gascoyne rears into a rare earth province.

 

Browns Planned AC Drilling Image

Follow up AC drilling area at the Browns prospect. Note southern Browns untested anomalous Zn geochemical trend coinciding with interpreted fold structure, outlined by 1st Vertical Derivative Bouger Anomaly Gravity basemap.

 

The explorer expects results from this campaign to come in by January next year.

DAL’s Australian Stock Exchange-listed share price has risen 13.04 per cent today, currently selling at 13c (9.09 am UTC+ 8 hours).

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