Mt Dimer Drilling Yields 6m at 1 g/t Gold, Approvals Expected Q3 2025
Everest Metals Corporation’s initial drilling at Mt Dimer Taipan confirms promising gold and silver mineralisation, with resource expansion potential and mining approvals expected soon.
- Scout RC drilling confirms gold and silver mineralisation at Mt Dimer
- Key intercepts include 6m at 1 g/t Au and 1.7 g/t Ag
- Mineralisation remains open along strike and at depth
- Regulatory approvals anticipated in Q3 2025
- Mining operations targeted for Q4 2025 with toll treatment discussions underway
Exploration Success at Mt Dimer
Everest Metals Corporation Ltd (ASX, EMC) has reported encouraging results from its initial Reverse Circulation (RC) drilling program at the Mt Dimer Taipan Gold and Silver Project in Western Australia. The company’s focused scout drilling, guided by integrated geochemical anomalies and advanced satellite imagery, has confirmed the presence of gold and silver mineralisation in multiple target zones.
Among the highlights, a drill hole along the northern strike of the Mt Dimer Taipan pit intersected 6 metres grading 1 gram per tonne (g/t) gold and 1.7 g/t silver, underscoring the continuity of mineralisation. Additional holes within the exploration tenement identified gold mineralisation associated with a previously unrecognised intrusive body, suggesting significant potential for further discoveries.
Strategic Integration of Technology and Geology
The exploration program leveraged high-resolution satellite data from WorldView-2, ASTER, and Sentinel-2 to map hydrothermal alteration zones and iron oxide distributions, which are key indicators of orogenic gold and Banded Iron Formation (BIF)-style mineralisation. This integration of remote sensing with geochemical soil anomalies allowed the company to prioritise drill targets effectively, a strategy validated by the recent drilling results.
Drilling intersected mineralisation in structurally complex zones, including quartz veins within felsic volcanic rocks and iron-stained quartz veinlets in mafic/ultramafic rocks, typical of gold-bearing shear zones. Notably, one hole intersected anomalous nickel, cobalt, and chromium, hinting at potential for platinum-group element mineralisation, which could diversify the project’s resource base.
Advancing Towards Mining
Everest Metals is progressing regulatory approvals for the Mt Dimer Taipan mining proposal, with all necessary permits expected by the third quarter of 2025. The mining plan involves a cutback of the existing open pit to extract ore both laterally and at depth, with ore processing anticipated at nearby Kalgoorlie mills. The company is in advanced discussions with toll treatment operators and mining contractors, positioning it to commence mining operations in the fourth quarter of 2025.
The Mt Dimer Taipan project currently holds an inferred resource of approximately 722,000 tonnes at 2.10 g/t gold, equating to nearly 48,545 ounces of gold, alongside significant silver credits. The resource remains open to the south and at depth, presenting opportunities for resource expansion through follow-up drilling, which is planned to delineate mineralised extensions further.
Historical Context and Future Potential
The Mt Dimer area has a rich exploration history, with previous operators defining mineralisation and partial mining conducted in the mid-1990s. However, mining was halted due to a pit wall failure and subdued gold prices at the time. Everest Metals’ recent work revitalises the project with modern exploration techniques and a clear pathway to production.
With the combination of promising drill results, advanced geological targeting, and imminent regulatory approvals, Everest Metals is positioning Mt Dimer as a potentially significant contributor to its portfolio. The company’s experienced management team is focused on unlocking further value through ongoing exploration and development activities.
Bottom Line?
As Everest Metals moves closer to mining at Mt Dimer, upcoming drilling and regulatory milestones will be key to unlocking its full potential.
Questions in the middle?
- Will follow-up drilling confirm extensions to the current mineralised zones?
- How will toll treatment agreements shape the economics of the Mt Dimer project?
- What impact will final regulatory approvals have on Everest Metals’ timeline and share price?