Dundas Minerals Ltd (ASX: DUN) is experiencing a strong performance in the stock market, with its share price rising by 21.21% to $0.04 as of January 21, 2025. Over the past month, the company’s shares have gained 17.65%, and its year-to-date performance shows a 14.29% increase. This positive momentum is attributed to the company’s growing investor confidence, spurred by encouraging developments in its exploration efforts.
The latest assay results from Dundas Minerals’ drilling program at Rockland have confirmed multiple high-grade gold intercepts. Key highlights include:
- 6 metres at 3.3g/t gold from 78m, with individual samples returning up to 7.5g/t and 7.1g/t at depths of 78m and 83m.
- 5 metres at 2.3g/t gold from 109m, with one metre returning 8.1g/t from 113m.
- 2 metres at 5.6g/t gold from 74m, with one metre returning 9.4g/t at the same depth.
- Other assays returning gold grades of up to 14.9g/t, indicating widespread high-grade gold mineralisation across the site.
Shane Volk, Managing Director of Dundas Minerals, emphasized that these results confirm the widespread nature of gold mineralisation at Rockland, with mineralisation occurring at relatively shallow depths, predominantly within 100 metres. Some exceptional high-grade results are also present. The company is now focused on advancing three-dimensional modelling to better plan for future exploration.
A Promising Gold Trend at Rockland
The assay results indicate a significant, approximately 1-kilometre-long gold mineralisation trend at Rockland, situated between the historic Milford and Windanya North prospects. Dundas believes the mineralisation extends northwards towards the Aquarius gold deposit. This discovery marks a pivotal step in the company’s exploration of the Windanya Gold Project, further confirming the area’s substantial potential.
The mineralisation at Rockland appears to be an oxide supergene zone within weathered mafic host rocks. The trend follows a north-south direction, consistent with regional geological patterns. Dundas is proceeding with detailed modelling to refine its understanding of the mineralisation and guide its next drilling activities.
Strategic Acquisition of Rockland Mining Lease
On October 8, 2024, Dundas Minerals secured a 12-month exclusive option to acquire 100% of the granted Rockland Mining Lease. The lease is strategically positioned between the Aquarius and Scorpio gold prospects, with historic drilling dating back to the 1980s and early 2000s, reaching depths of up to 50 metres. Dundas’ recent drilling marks the first effort to test gold mineralisation beyond this depth at Rockland.
The latest drilling campaign targeted a 1-kilometre-long trend across the entire Mining Lease. Results from this program have uncovered a new gold mineralised zone between the Milford and Windanya North prospects, further expanding the mineralisation footprint.
Exploration Success and Future Prospects
The discovery of a new gold mineralised zone at Rockland strengthens Dundas Minerals’ exploration strategy for the Windanya Gold Project. The company is optimistic about the potential for additional gold discoveries in the region. Dundas is combining the recent drilling results with historical data to develop an updated exploration model for the project.
In addition, Dundas has completed a 15-hole RC drilling program at the nearby Baden-Powell Gold Project, with assay results expected within two weeks. The results from both the Rockland and Baden-Powell projects will provide a clearer picture of the overall gold potential in the area.
Conclusion
Dundas Minerals is making significant progress in its exploration efforts at the Windanya Gold Project, with the confirmation of a 1-kilometre-long gold mineralisation trend at Rockland Mining Lease. High-grade intercepts from the latest drilling program underscore the potential for further gold discoveries in the region. With upcoming assay results from the Baden-Powell project and ongoing work at Rockland, Dundas Minerals is well-positioned for continued growth in the gold sector. Investors are closely monitoring the company’s progress as it works to unlock the full potential of its gold assets in Western Australia.
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