11 Intercepts In Initial 12 Holes
Dampier Gold Limited (ASX:DAU) has received positive initial results from the Zuleika Gold Project JV with Torian Resources Limited following significant gold intercepts from the Paradigm East prospect near Kalgoorlie in Western Australia.
The RC drilling programme consisted of 12 holes for 1436m of drilling, with results including significant intercepts within 11 of the holes with best results including repeats of up to 7.97 g/t Au over 1m from 117m.
Executive Chairman, Malcolm Carson, said the results were from three different zones across a 250m strike.
The Paradigm East prospect was discovered in the 1990’s by Dominion Mining and contains some high-grade supergene zones up to 7m of 9.8 g/t Au including 2m of 30.9 g/t Au (DQRC004) from 42 to 49m within an overall anomalous zone of 27m of 2.87 g/t from 33 to 60m. The results were from 3 different zones across a 250m strike:
The 3 zones are closely spatially related and are controlled by an E-W structure that extends from the Paradigm Pit in Northern Star’s adjacent tenement through Paradigm East and for a further 2.5 km within Dampier’s ground.
“We are very pleased with the results of our first 12-hole RC programne on the Paradigm East Prospect. The results confirm that we are in part of a gold mineralised corridor which extends from Northern Star’s Paradigm Mine into Dampier’s Paradigm East tenements with further 2.5km along strike,” Mr Carson said.
“It has been a busy quarter for Dampier with multiple drilling programmes at Paradigm East, Browns Dam and Castle Hill East. With the outstanding drilling results achieved for Paradigm East, the Company is waiting on assay results for the other two programs, the drilling for which was delayed by the rain.
“The Paradigm East drilling undertaken by Dampier’s technical team shows that gold mineralisation exists in a paleo channel within the transported sediments, as supergene gold within the weathered zone and in steeply dipping shears in the primary zone. Such gold concentrations in these different hosts, are typical in the Kalgoorlie Goldfields and along the Zuleika Shear.
“In addition to identifying gold mineralisation, Dampier’s technical team has gained a good understanding on the gold mineralisation styles and hosts, and the lithological and structural controls of that mineralisation.
“Dampier is planning an immediate follow-up program to test further along strike within the Paradigm East structural corridor. “This early success at Zuleika confirms the significant potential of Dampier’s asset portfolio. Together with the skill of its committed team, Dampier is confident of building future growth from its exceptional resource portfolio through cost-effective and measured exploration, and adding significant incremental value to our gold assets.”