DM1 geos now have the breakthrough methodology to find massive sulphide mineralisation in their large landholding of over 1,600 km2 on the doorstep of Chalice Mining, a $4.4B company.
Chalice discovered the first world class PGE-Ni-Cu-Co-Au discovery in WA based on massive sulphide discoveries and is now a multi billion dollar company.
DM1's market valuation is less than $20m..
,
Two holes completed. IRRDD004 intersected 9.5m of semi-massive sulphide (pyrrhotite dominated) from 260m in IRRDD04 (Modelled depth of plate 268m). Sulphide is immediately adjacent to a 30m intersection of mafic intrusive. Similar massive sulphide conductors intersected over multiple thin bands of 1m width and less in both holes. (IRRDD002, IRRDD004).
Methodology for pinpointing new massive sulphide mineralisation over a large area in the Narryer Terrane verified.
Awaiting further drilling, assays and downhole EM for complete interpretation.
New Drill Targets defined
A total of seven new high conductance drill targets defined from ground EM follow up of airborne data in the Company’s eastern licenses.
Six targets of up to 12,000 Siemens conductance surround a new prospect ‘The Dome’ in mafic intrusive at Dingo Pass. One VMS target in greenstone belt at Belele.
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