Broad Exploration Focus Scores Joint Venture BullsEye
Dart Mining gold nuggets

Dart Mining (ASX: DTM) boasts a strategically important gold, lithium and base metals exploration footprint in the Central and North East regions of Victoria.

The district has historically revealed surface and alluvial gold deposits from a significant regional gold endowment since the days of the early gold rushes. Contemporary tin mining also took place within the region up until the early 1980s.

The area is now demonstrating to also be prospective for precious, base, battery and other strategic metals, such as lithium and other important minerals.

Dart Mining is currently drilling at its Granite Flat copper-gold project, where deep diamond drilling of geophysical targets earlier this year encountered broad intervals of gold mineralisation, coincident with intervals of copper, silver and molybdenum.

Three diamond holes returned exceptionally long intersections of low-grade gold, with intervals of copper and molybdenum mineralisation.

The holes were primarily designed to test strong induced polarisation chargeability anomalies that Dart Mining had interpreted to possibly represent stronger zones of sulphide development.

The encouraging drill results demonstrated that our previously identified geophysical targets are associated with long intercepts of gold, copper and silver mineralisation

‘The encouraging drill results demonstrated that our previously identified geophysical targets are associated with long intercepts of gold, copper and silver mineralisation,’ Dart Mining Chairman James Chirnside says.

‘We currently have our in-house diamond rig drilling continuously at Granite Flat to follow-up the encouraging drill results we achieved with this earlier drilling, which underscored the significant bulk-tonnage potential of the Granite Flat copper-gold project.’

Dart Mining’s strategy, across its entire portfolio, involves effective and efficient exploration.

This strategy is set to come into its own at the company’s Dorchap Range lithium project, after the signing of an earn-in agreement with world-leading lithium miner and producer SQM Australia.

Recent X-ray diffraction analysis of 74 samples from Dorchap Range identified four types of lithium-bearing minerals: spodumene, petalite, amblygonite and cookeite. Spodumene and petalite are the main sources of hard-rock lithium ores.

‘We’ve done a lot of work on our lithium project over the past four or five years,’ Chirnside says. ‘We consider it to be a highly prospective lithium-caesium-tantalum pegmatite dyke swarm.’

It seems these sentiments are shared by SQM. Under the term of the agreement, SQM can solely fund exploration expenditure, totalling $12 million over the next six years.

‘Planning is already underway for the first phase of lithium exploration under the joint venture,’ Chirnside explains.

Inking the joint venture is testament to the efforts that Dart Mining has put in at Dorchap Range, since it became the first exploration company to discover lithium on the east coast of Australia in 2016.

‘Through our persistence and early exploration efforts, the project is finally getting the recognition it deserves,’ Chirnside continues.

‘We have a clear pathway for project exploration through to the next stage, and our partnership with SQM will ensure that we are able to both attain that objective, and enhance our knowledge and understanding of the project within an accelerated time frame.’ 

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