Dundas Minerals (ASX:DUN) has announced it has commenced its reverse circulation (RC) drilling campaign at the Windanya Gold Project, located north of Kalgoorlie in Western Australia, with 41 holes planned to test the Aquarius and Scorpio anomalies, where gold in soil sample values have reached 696ppb.
The RC Campaign
The Company completed an extensive auger soil sampling program at the Windanya Project, collecting 1600 samples to develop an understanding of the geology, alteration and mineralisation of the areas, and to test for possible under-cover extensions of known gold mineralisation and or along strike from historic workings.
The outcomes were promising, as they revealed most of the highly anomalous gold values (100ppb or higher) are clustered in two locations, the Aquarius and Scorpio anomalies.
Figure 1: Auger soil sample gold assay results within the Windanya project (individual sample values >200ppb Au noted). The Aquarius and Scorpio locations are highlighted, and historical drilling is marked.
Dundas has planned a 41 hole RC drilling program to a depth of up to 120 metres. 16 of these holes are planned at Scorpio, 21 at Aquarius, plus an additional 4 holes at the Capricorn deposit to test for extensions of gold mineralisation south of the current mineral resource estimate envelope.
The program is anticipated to take approximately two weeks to complete with assay results following in January next year.
The Aquarius anomaly is located within the Big Tree Basalt and covers an area of approximately 45 hectares. The anomaly was identified and named by Horizon Minerals Limited (ASX: HRZ) in 2016, based on results from a wide spaced auger soil sampling program.
Peak gold values were returned from the assay of samples collected during its recent Windanya auger program, reporting exceptionally high values of 696ppb (or 0.7gpt), 493ppb, 483ppb and 478ppb.
At Scorpio, 24 auger samples were taken on three lines spaced 100 metres apart, with 14 returning gold values from assay of 100ppb or higher. The area of gold anomalism is approximately eight hectares. The Scorpio gold soil anomaly has returned highest values of 530ppb or 0.53gpt.
Dundas Minerals’ Managing Director Shane Volk commented on the commencement of the program.
“We’re naturally very pleased to get drilling underway at Windanya, and to test at depth the exceptionally high gold in soil anomalies at Aquarius and Scorpio,” he said.
“Given the pending Christmas and New Year period we expect that assay results from this program will be available during January 2024.”
“Our recently completed auger soil sampling program has produced several other exciting drill targets – both at Windanya and Baden-Powell.”
“Our plan is to refine these targets further in conjunction with our independent expert consultants such as Wally Witt, using information gained from this drilling program and on-ground mapping. We’re confident of a strong pipeline of gold exploration targets for 2024 and beyond – in what will an exciting period for Dundas Minerals.”
DUN’s Australian Stock Exchange-listed share price is currently trading at $0.055 (12.30pm UTC+ 8 hours).