Duketon Mining Uncovers New Gold Anomaly Ahead of Drilling at Killarney
Duketon Mining has identified a significant new gold anomaly at its Killarney Project and is set to commence its first reverse circulation drilling campaign targeting high-grade extensions.
- Auger geochemical sampling reveals 250m gold anomaly with peak 50ppb values
- Rock chip assays include high-grade samples up to 90g/t gold
- Programme of Works approved and drill sites prepared for imminent RC drilling
- RC drilling to test beneath known high-grade mineralisation with assays up to 485g/t gold
- Exploration progress signals potential resource expansion at Killarney
Exploration Update at Killarney
Duketon Mining Limited has provided a promising update on its Killarney Gold Project, located in the Murchison region. The company recently completed an extensive auger geochemical sampling program, collecting over 300 samples on a systematic grid across the tenement. This work uncovered a previously unrecognized gold anomaly stretching approximately 250 metres, with gold concentrations reaching up to 50 parts per billion; six times the background levels. Notably, this anomaly lies just north of the existing Killarney Pit and aligns with geological structures known to host high-grade gold mineralisation.
High-Grade Rock Chip Assays Reinforce Potential
Complementing the geochemical results, rock chip sampling has returned impressive gold grades, including a standout 90 grams per tonne assay from the southeastern portion of the tenement. Historical samples from this area have yielded even higher grades, up to 140 grams per tonne, underscoring the prospectivity of the site. These surface samples provide compelling targets for follow-up drilling to test the continuity and depth of the mineralisation.
Drilling Campaign Ready to Launch
With the Programme of Works now approved, Duketon has prepared drill sites and plans to commence its inaugural reverse circulation (RC) drilling campaign within the next two weeks. The drilling will focus on multiple targets, including beneath the Killarney Pit where previous rock chip assays have reported extraordinary gold grades exceeding 400 grams per tonne. The company also highlights small-scale mining activities that extracted approximately 20 kilograms of gold from just four tonnes of material, indicating the presence of exceptionally rich ore zones.
Strategic Implications and Next Steps
This exploration update marks a significant step forward for Duketon Mining as it seeks to expand its resource base at Killarney. The combination of geochemical anomalies, high-grade surface samples, and imminent drilling sets the stage for potentially transformative results. Investors will be watching closely as the RC drilling program unfolds, with assay results expected to provide critical insights into the project's scale and economic viability.
Bottom Line?
As Duketon prepares to drill, the market awaits confirmation of Killarney’s true gold potential.
Questions in the middle?
- Will the upcoming RC drilling confirm the extent and grade of the newly identified gold anomaly?
- How might these exploration results influence Duketon’s resource estimates and valuation?
- What are the potential timelines and capital requirements for advancing Killarney towards production?
