Rockland Drilling Yields Multiple High-Grade Gold Intercepts up to 14.9g/t
Dundas Minerals has identified a significant 1km gold mineralisation trend at its Rockland project and completed a key drilling program at Baden-Powell, with assay results expected soon.
- Discovery of 1km mineralised high-grade gold trend at Rockland
- Completion of 2,052m drilling program at Baden-Powell gold deposit
- Appointment of experienced technical director Graeme Purcell
- Extension of option exercise date for joint venture with Horizon Minerals
- Strong cash position of approximately $1.6 million at quarter end
Exploration Breakthrough at Rockland
Dundas Minerals Limited (ASX: DUN) has announced a major milestone in its gold exploration efforts with the discovery of a 1-kilometre mineralised gold trend at its Rockland mining lease, located near Kalgoorlie in Western Australia. This discovery follows the company’s maiden reverse circulation (RC) drilling program, which returned multiple high-grade gold intercepts, significantly exceeding initial composite sample results.
Noteworthy assay highlights include intercepts such as 6 metres at 3.3 grams per tonne (g/t) gold from 78 metres, including a standout 1 metre at 7.5 g/t, and 1 metre at 14.9 g/t gold from 80 metres depth. These results confirm a continuous mineralised zone spanning the entire granted mining lease and potentially extending northwards to the Aquarius prospect.
Strategic Location and Geological Context
The Rockland lease is strategically positioned between the Aquarius and Scorpio gold prospects, where Dundas previously reported high-grade gold intercepts earlier in 2024. The mineralisation is hosted within oxide supergene zones in deeply weathered mafic rocks, with stacked structures dipping shallowly to moderately eastward. This north-south trending mineralisation aligns well with regional geological trends, enhancing the prospectivity of the area.
Progress at Baden-Powell and Joint Venture Update
In parallel, Dundas has completed a 2,052-metre RC drilling program at the Baden-Powell gold deposit, with assay results anticipated in February 2025. This program aimed to test lateral and depth extensions of the deposit, which remains open in multiple directions. Baden-Powell, along with the Windanya project, forms part of an 85% joint venture option with Horizon Minerals Limited (ASX: HRZ). The company has successfully negotiated an extension to the option exercise date, now set for nine months after the grant of mining lease application M24/1004, expected in the second quarter of 2025.
Leadership Strengthened by Technical Expertise
Dundas Minerals has bolstered its technical leadership with the appointment of Graeme Purcell as Technical Director. Purcell brings over 30 years of global experience in mineral exploration and resource development, including 15 years with Barrick Gold. His expertise spans a wide range of mineral systems and geological terrains, positioning Dundas to accelerate its exploration and development programs effectively.
Financial Position and Outlook
Financially, Dundas ended the quarter with approximately $1.6 million in cash, supporting ongoing exploration activities. The company’s capital structure includes over 107 million ordinary shares and 37 million unlisted options, alongside $1 million in convertible notes. With assay results pending from Baden-Powell and the promising Rockland discovery, Dundas is well-positioned to advance its gold projects in a highly prospective region.
Bottom Line?
As assay results from Baden-Powell loom, Dundas Minerals’ recent discoveries and strengthened leadership set the stage for a pivotal year in gold exploration.
Questions in the middle?
- What will the upcoming Baden-Powell assay results reveal about the deposit’s potential?
- How might Graeme Purcell’s appointment influence Dundas Minerals’ exploration strategy and success?
- What are the implications of the extended option exercise date on the joint venture with Horizon Minerals?
