Dundas Minerals (ASX:DUN) Announces Drilling Expansion at Baden-Powell
Drilling Results
Dundas Minerals Limited (ASX:DUN) announced encouraging assay results from its recent drilling campaign at the Baden-Powell gold deposit. Significant intercepts include 12 metres at 1.3g/t gold from 84m and 8 metres at 1.3g/t gold from 92m, among others. The results extend the interpreted zones of mineralisation to the northwest and down plunge, suggesting potential resource expansion.
Resource Estimate
The Baden-Powell Gold Resource currently stands at 23,000 ounces of gold and remains open to the north, south, along strike, and at depth. With 83% of drilling conducted to 100m or less, there is substantial untested exploration potential below 100m. An updated resource estimate is expected following the receipt of 1m sample results in March 2025.
Future Exploration
Dundas Minerals plans additional drilling at Baden-Powell from March 2025, including exploration at the Olympia prospect. The Olympia area is identified as a greenfield target within the prolific greenstone belt, situated in a granted Mining Lease. This next phase aims to further expand the Baden-Powell resource and explore new areas of mineralisation.
Executive Comments
Managing Director Mr Shane Volk commented, “this initial round of drilling at Baden-Powell has confirmed the potential to grow the gold resource, both at depth and along strike. In addition to further expanding the Baden-Powell resource, the next round of drilling will include the Olympia area, to the North of Baden-Powell, it is a greenfield target within the prolific greenstone belt. As with Baden-Powell, Olympia is situated in a granted Mining Lease.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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