Dundas Minerals Limited (ASX: DUN) ('Dundas Minerals', 'Dundas' or 'the Company') is actively exploring for gold at the Windanya and Baden-Powell projects, located adjacent the Great Northern Highway 60km north of Kalgoorlie, Western Australia.
Windanya Gold Project
RC drilling program
All assay results from the 19 hole reconnaissance reverse circulation (RC) drilling program completed during May 2024, have now been received and analysed. The aim of the program was to attempt to identify primary gold mineralisation at depth, possible sources for high grade gold in soil samples at the Aquarius and Scorpio gold anomalies (ASX Announcement - 2 November 2023). Drill targets were selected based on the magnetic characteristics of the undercover rocks. 6 of the 19 holes targeted the Mount Pleasant Gabbro, a known host of gold mineralisation in the region. The remaining holes targeted contacts between interpreted Mafic and Ultramafic rocks and country rock (Basalts and Granites). Assay results from two drill holes, 24WDRC015 and 24WDRC011 are encouraging and follow-up drilling is planned. Samples from all drill holes were collected at 1 metre intervals, from which 4 metre composite samples (or 2 metres at bottom of drill hole) were produced and submitted for assay. In hole 24WDRC015, located 620m southeast of the Capricorn gold deposit and 520m northwest of the Aquarius gold prospect, a bottom-of-hole 2-metre composite sample (148m to 150m) returned an assay of 3.142 grams per tonne Gold. The assay of each 1 metre sample (144m to 150m) will now be undertaken to ascertain gold mineralisation at these intervals. The drill rig is able to re-enter the drill hole to drill beyond 150m should positive results be returned from the 1 metre interval assays
Interpretation
Gold mineralisation within the Windanya project area appears to be controlled by structures that developed within the non-magnetic host lithologies that may be related to major north-south and/or northeast-northwest structures that are predominantly hosted within the Big Dick or Bent Tree Basalts. As such, the area between the Capricorn Gold deposit, the Scorpio Gold prospect and northwest of the Aquarius Gold prospect warrants drill testing, as prior auger sampling has yielded anomalous gold values in this area. A Program of Work (PoW) has been submitted for a targeted reverse circulation drilling program within the area.
COMPETENT PERSONS STATEMENTS
The information contained in this Announcement that relates to geology and exploration results is based, and fairly reflects, information compiled by Mr Grant Osborne, who is a Member of the Australian Institute of Geoscientists. Mr Osborne is a consultant to Dundas Minerals Limited. Mr Osborne has sufficient experience which is relevant to the style of mineralisation and the activity to which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Osborne consents to the inclusion in this Announcement of the matters based on his information in the form and context in which it appears. The exploration program reported in this Announcement was completed by Mr David Thompson, a Member of the Australian Institute of Geoscientists. Mr Thomson has sufficient experience relevant to the style of mineralisation and to the type of activity described in this Announcement to qualify as a competent person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Thompson is a consultant to Dundas Minerals Limited and consents to the inclusion in this Announcement of the matters based on his information in the form and content in which it appears.
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS
This announcement contains forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as 'seek', 'target', 'anticipate', 'forecast', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions. The forward-looking statements in this announcement are based on current expectations, estimates, forecasts and projections about Dundas and the industry in which it operates. They do, however, relate to future matters and are subject to various inherent risks and uncertainties. Actual events or results may differ materially from the events or results expressed or implied by any forward-looking statements. The past performance of Dundas is no guarantee of future performance. None of Dundas's directors, officers, employees, agents or contractors makes any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward-looking statement. The forwardlooking statements in this announcement reflect views held only as at the date of this announcement.
Contact:
Tel: +61 (0) 457 024 143
Email: admin@dundasminerals.com
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