Dart Mining Unveils High-Grade Gold and Antimony Zones at Coonambula
Dart Mining NL has confirmed significant gold, silver, and antimony mineralisation at its Coonambula Project in Central Queensland, with trench and rock chip sampling revealing broad zones of high-grade mineralisation. The company anticipates diamond drilling assay results in early February, setting the stage for further exploration and resource definition.
- High-grade gold and antimony confirmed near historic Banshee Mine
- Significant assays from Lady Margaret and McKonkeys North prospects
- Broad gold zone identified in trench sampling south of Banshee
- Diamond drilling assay results from 2025 program expected in February 2026
- Plans underway for IP surveys, further drilling, and JORC resource modeling
Exploration Breakthrough at Coonambula
Dart Mining NL (ASX, DTM) has reported compelling surface sampling results from its Coonambula Antimony-Gold Project in Central Queensland, reinforcing the project's potential as a significant source of gold, silver, and antimony. The recent trench and rock chip sampling, conducted near the historic Banshee Mine and at the Lady Margaret and McKonkeys North prospects, has revealed broad zones of high-grade mineralisation that extend beyond previously known areas.
The highlight trench (T10), located immediately south of the Banshee Mine, returned a 5-metre interval averaging 2.55 grams per tonne (g/t) gold alongside 1.35% antimony, including a standout 1-metre sample grading 8.92 g/t gold. Additional rock chip samples westward along strike showed impressive gold and silver grades, with one mullock pile sample yielding 2.85 g/t gold and 125 g/t silver. These results underscore the presence of a potentially extensive bulk ore zone accessible from surface.
Expanding the Gold Footprint
Beyond Banshee, Dart Mining's sampling at Lady Margaret and McKonkeys North – located 1.7km and 2.3km northwest respectively – has delivered encouraging high-grade gold assays from historical mine waste. Notably, McKonkeys North samples returned up to 10.45 g/t gold and 19.4 g/t silver, indicating that these satellite prospects could contribute materially to the overall resource base.
Chairman James Chirnside highlighted the significance of these findings, noting that the results "speak to the potential bulk ore zone, from surface," and emphasized the company's focus on determining whether these discrete deposits can be linked to build a sizable resource inventory. This strategic approach aims to leverage the broader gold potential across the Coonambula gold field.
Looking Ahead, Drilling and Resource Development
Dart Mining is awaiting the full suite of diamond drilling assay results from its 2025 program, expected in early February 2026. These results will be critical in confirming the extent and grade continuity of the mineralisation identified at surface. The company plans to integrate these data with ongoing geophysical surveys, including induced polarization (IP) surveys, to refine drilling targets and expand exploration efforts along the Banshee antimony trend.
Further, Dart Mining intends to develop a 3D geological model and aims to declare a JORC-compliant resource at the earliest opportunity, contingent on positive drilling outcomes. This progression marks a pivotal step toward advancing the project from exploration to potential development.
Strategic Positioning in Queensland’s Mineral Landscape
The Coonambula Project sits within a highly prospective geological setting dominated by granodiorite intrusions of the Rawbelle Batholith, known to host significant antimony-gold mineralisation. The project’s proximity to established goldfields such as Cracow and Eidsvold further enhances its strategic value. Dart Mining’s farm-in joint venture with Great Divide Mining (ASX, GDM) leverages historical data and recent exploration to unlock value in this underexplored region.
With a portfolio that also includes the advanced-stage Triumph Gold Project and interests in Central Victoria’s historic goldfields, Dart Mining is positioning itself as a growing player in Australia’s precious and strategic metals sector.
Bottom Line?
As Dart Mining awaits critical drilling assays, the Coonambula Project stands poised to redefine its gold and antimony potential, with market eyes keenly watching the next exploration chapter.
Questions in the middle?
- Will the upcoming diamond drilling assays confirm continuity between Banshee, Lady Margaret, and McKonkeys North deposits?
- How might the integration of IP survey data influence the scale and focus of future drilling campaigns?
- What timeline is Dart Mining targeting for declaring a JORC resource, and what market impact could this have?