DAMPIER DISCOVERS NEW GOLD ZONE AT BROWNS DAM Wide spaced Aircore drilling program at Browns Dam returns peak result of 5m @ 3.1 g/t Au from 38m depth ___________________________________________________________________________ Key Points: • Dampier has successfully completed a 1,950m Aircore widely spaced drilling program at Browns Dam, as part of the 5,500m drill program at its flagship Zuleika Gold Project, which also includes Paradigm East RC drilling (which achieved significant high-grade results, see Ann. 15/09/2020) and Castle Hill East AC drilling with results expected in coming weeks. • The Browns Dam high-grade intersections achieved from a first pass Aircore drill program are highly promising because it was achieved from a wide spaced 40m X 500m program and demonstrated the presence of widespread mineralisation. • Browns Dam results confirmed gold mineralisation in a zone of interpreted weathered ultramafic intrusive and volcanics along the Zuleika Shear. • Results included several elevated values including higher grade results of: - 5m @ 3.10 g/t Au from 38m including 1m @ 6.60 g/t Au from 42m in DBDAC0026 • Results also included high value gold anomalies including >100ppb Au which fall within a 120m wide anomalous zone, and >50ppb Au within a broader 300m wide anomalous zone. • The Browns Dam drilling has successfully identified a number of high-priority targets, which will be included in Dampier’s next drilling program and which will be designed to explore for extensions of the high-grade results from the weathered zone, into the underlying fresh ultramafic and volcanics. ___________________________________________________________________
Zuleika Gold Project The Zuleika Gold JV Project is located 50km NW of Kalgoorlie, Western Australia, with tenements covering more than 50km of highly prospective Black Flag sequence on the Zuleika Shear and 20km contiguous strike in tenements of largely underexplored Carnage Shear. Total land area is approximately 223km². The Zuleika Shear Zone is a significant NW-SE trending structural feature located around 20kms west of Kalgoorlie. It is the host of a number of significant gold resources including Kundana (>5 mozs), Carbine (>0.5mozs), Cave Rocks (>0.7mozs) and Bullant (>0.2mozs). In July 2020, Dampier commenced the highly anticipated maiden drilling program at Zuleika, with a 5,500m RC and Aircore drill program focused on strategic exploration targets at Paradigm East and the testing of highly prospective zones at Browns Dam and Castle Hill East. The drilling was designed to test the extent of mineralisation at Paradigm East, where several high-grade intercepts had previously been reported and to determine the main controls on this mineralisation. In September 2020, Dampier announced the first RC drilling results at Paradigm East showing significant intercepts from 11 of the 12 drill holes, with best results including repeats of up to 7.97 g/t Au over 1m from 117m, including: 1m of 1.02 g/t Au with a repeat of 7.97 g/t Au from 117m in DPERC005; 1m of 3.06 g/t Au with a repeat of 3.40 g/t Au from 74m, included in 13m of 0.60 g/t from 62m in DPERC011; 1m of 2.09 g/t Au with a repeat of 3.36 g/t Au from 108m in DPERC002; 1m of 2.41 g/t Au with a repeat of 2.63 g/t Au from 101m in DPERC002; 1m of 2.85 g/t Au from 86m and 2m of 2.44 g/t Au from 88m, included in 4m of 1.77 g/t from 86m in DPERC009. Intercepts were received from 3 zones of mineralisation across a gold strike of 250m, being Paleochannel gold, Supergene gold and Primary gold. The Paradigm East prospect is proven to be part of a 2.5km long structural corridor with high perspectivity for gold mineralisation. Further drilling at Paradigm East has been planned to test for high grade extensions and repeats from this significant gold system.
DAU Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
