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Dundas Minerals Limited (ASX: DUN) (“Dundas Minerals”, “Dundas” or “the Company”) is pleased to announce highly encouraging 1 metre sample assay results from its recently completed drilling campaign within granted Mining Lease M 24/974 (‘’Rockland’’), at the Windanya Gold Project.
Highlights
- High grade gold assays from individual 1 metre samples include:
- 6m @ 3.3g/t gold from 78m, including 1m @7.5g/t from 78m, 1m @7.1g/t from 83m (24RKRC005)
- 5m @ 2.3g/t gold from 109m, including 1m @8.1g/t from 113m (24RKRC013)
- 2m @ 5.6g/t gold from 74m, including 1m @9.4g/t from 74m (24RKRC015)
- 2m @ 2.8g/t gold from 130m, including 1m @5.2g/t from 130m (24RKRC022)
- 1m @14.9g/t gold from 80m (24RKRC015)
- 9m @ 1.4g/t gold from 69m (24RKRC012)
- 5m @ 1.4g/t gold from 65m (24RKRC019)
- Assay results indicate a new gold mineralised zone within the Rockland ML at the Windanya Gold Project
- An approximate 1km long trend of significant gold mineralisation
- Detailed three dimensional modelling of these latest results is in progress, and will provide the foundation to plan follow-up drilling
- Assay results from recently completed RC drilling at the Baden-Powell Gold Project are expected within two weeks
Dundas is actively exploring for gold at the Windanya and Baden- Powell gold projects, located adjacent to the Goldfields Highway ~60km north of Kalgoorlie, Western Australia, and ~15km north of the Paddington gold mill.
Assay results from 1 metre sample intervals – Rockland
On 12 December 2024, Dundas Minerals announced the discovery of a new 1 km zone of gold mineralisation from its maiden RC drilling program at Rockland, based on assay results from 4 metre composite samples. Subsequently, individual 1 metre samples relating to the mineralised portions of drill holes were submitted for assay.
Results from these assays highlighted multiple intercepts of high grade gold mineralisation at Rockland, with several gold grades significantly higher than the initial composite samples.
Of the 1 metre samples that were submitted, twenty returned gold assays of greater than 2g/t (Table 1), and 67 samples returned gold assays of between 0.5g/t and 2g/t. Significant gold assay results (above 1 gram per tonne) are provided in Appendix 1.
Importantly, these latest assay results confirms the approximate 1km long trend of significant gold mineralisation at Rockland, and indicates a new gold mineralised zone located between the historic Milford and Windanya North prospects. The mineralisation spans the entire length of the granted Mining Lease, and potentially extends north to the Aquarius gold deposit.
Mineralisation comprises an oxide supergene zone in the deeply weathered mafic host lithologies, above a series of stacked structures interpreted to dip shallowly to moderately to the east in the transitional to fresh rock. As illustrated in Figure 1, gold mineralisation is interpreted as trending north – south, which is consistent with the regional trend.
Detailed three dimensional modelling of these latest results is in progress to assess the orientation of mineralisation in fresh rock (below the oxide zone) and will provide the foundation to plan follow-up drilling.
Commenting on the one metre gold assays from the Rockland drilling, Dundas managing director Shane Volk said:
‘’As indicated by the assay results from the initial 4-metre composite samples, results from these 1- metre samples confirm the presence of wide-spread gold mineralisation within the granted Rockland Mining Lease. In many instances the mineralisation is at relatively shallow depth (100 metres or less), with some very nice high grade results returned in several holes – up to 14.9 grams per tonne.’’
‘’Three dimensional modelling of these latest results is in progress. The latest drilling results, combined with available historical drill data within the lease will enable us to make an updated interpretation of the mineralisation trend and develop an exploration model to assist with the planning of further exploration both within the highly prospective M 24/974 and the broader Windanya Gold Project area.’’
Table 1: Gold Assay Results of 2g/t of greater: Rockland 1m samples
Background: Rockland Mining Lease
On 8 October 2024, Dundas Minerals announced that it had executed an exclusive 12-month option to acquire 100% of granted mining lease (ML) M24/974 (Rockland).
Rockland is strategically situated between the Aquarius and Scorpio gold prosects (Figure 1), where on 6 February 2024, Dundas announced high grade gold intercepts from an initial drilling program, including: Aquarius (3m @ 10.2 g/t from 109m; 2m @ 6.5g/t from 70m); and Scorpio (2m@ 3.2 g/t from 9m; 1m @ 6.5g/t from 49m).
The area comprising the Rockland ML has been subject to historic shallow drilling during the 1980s, which was mostly to a maximum depth of 50m (RAB). Also, a series of RAB holes to a maximum depth of ~90m was drilled in the early 2000s, plus 12 RC holes at the Windanya North prospect. More recently the current tenement owner drilled 3 RC holes at depths between 140m and 173m, also at Windanya North. However, the drilling recently completed by Dundas Minerals is the first to systematically test for gold mineralisation at Rockland to depths beyond 50m.
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This article includes content from Dundas Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Pacgold: Advancing the Alice River Gold Project in Northern Queensland with Tier 1 Discovery Potential
Pacgold (ASX:PGO) is an Australian gold exploration company advancing the high-potential Alice River Gold Project in Northern Queensland. Led by a technically driven and experienced team with proven success across exploration, resource development, and capital markets, Pacgold is applying a systematic, discovery-focused approach to unlock the project’s value.
The company holds a dominant 377 sq km land package, including eight mining leases, along the highly prospective Alice River Fault Zone (ARFZ) — a major structural corridor interpreted to host an intrusion-related gold system analogous to globally significant deposits such as Fort Knox (USA) and Hemi (WA).
The Alice River Gold Project is a large-scale, greenstone-hosted gold system located in Northern Queensland, centered along the regionally significant Alice River Fault Zone (ARFZ). The project covers 377 sq km of contiguous tenure, including eight granted mining leases.
Pacgold controls over 30 km of strike length along the ARFZ — a major crustal-scale structure that has only recently been the focus of systematic exploration using modern techniques, offering significant untapped discovery potential.
Company Highlights
- District-scale Discovery Potential: Pacgold controls more than 377 sq km of tenure and more than 30 km of strike length across the Alice River Fault Zone (ARFZ), a fertile, underexplored structural corridor in Northern Queensland.
- Maiden Resource: In May 2025, the company published a 474,000 oz gold mineral resource estimate (MRE), covering just five percent of the total strike, confirming high-grade mineralization and strong potential for expansion.
- Aggressive Exploration Strategy: More than 10,000 metres of RC drilling campaign is underway, complemented by air-core and diamond programs, aimed at growing the Central Zone resource and testing multiple regional targets.
- Attractive Valuation Entry: With a market capitalization of just ~AU$10 million and an EV of AU$8.5 million (as of Q1 2025), Pacgold provides a low-cost entry into a potentially Tier 1 gold system.
- Experienced Leadership: The board includes proven mine developers and discovery geologists with prior success at Chalice, AngloGold Ashanti, BHP and Sibanye-Stillwater.
This Pacgold profile is part of a paid investor education campaign.*
Click here to connect with Pacgold (ASX:PGO) to receive an Investor Presentation
High-Grade Gold Discovery in First 8 Mile Drill Hole
- First RC hole at 8 Mile discovers high-grade gold and ends in mineralisation
- 8 Mile gold mineralisation extends 75m north of tenement boundary
The 8 Mile target is located within the Gidji JV Project (“Gidji” or “the Project”), approximately 15 kilometres north of Kalgoorlie and surrounded by multiple gold mining and processing operations, including Northern Star Resources Limited’s (“NST”) Kalgoorlie gold operations (Figure 1).
The 8 Mile Target is located immediately adjacent to NST’s “8-Mile Dam” gold deposit which, according to the most recent publicly available data, contains an estimated 7Mt @ 1.4g/t Au for 313,977 ounces1.
A limited number of fast-tracked results from the first RC hole, GJRC029, show a wide zone of gold mineralisation with a similar tenor to 8 Mile Dam (18m @ 0.94g/t Au from 480m including 1m @ 6.04g/t Au), approximately 75m north of the tenement boundary, and ended in mineralisation (3m @ 0.52g/t Au).
The Company is awaiting assay results from the remainder of the hole which are expected in 2-3 weeks.
Miramar’s Executive Chairman, Mr Allan Kelly, said the Company was excited to see gold mineralisation continuing onto Miramar’s ground for a significant distance.
“This is the first time we have discovered significant gold mineralisation on our side of the fence, even though the drill hole didn’t end up exactly where we planned it to. The flip side of this is that we have extended the strike of gold mineralisation for over 100m on to our tenements,” he said.
“We’ve also demonstrated a relationship between the IP anomalism and gold mineralisation, which makes the other IP anomalies we have outlined at Gidji even more prospective,” he said.
Figure 1. The Gidji JV Project and 8-Mile Dam in relation to Kalgoorlie and surrounding deposits.
GJRC029 aimed to test an Induced Polarisation (IP) anomaly on the tenement boundary interpreted to represent the sulphide-rich gold mineralisation seen at the neighbouring 8 Mile Dam Deposit.
GJRC029 was collared approximately 10m north of the tenement boundary and mirrored MPGD008, a diamond hole drilled down-dip approximately 40m south of the tenement boundary by KCGM in 2013 and which intersected significant gold mineralisation related to the 8 Mile mafic unit.
Unfortunately, GJRC029 deviated significantly from the planned azimuth and, as a result, by the time the hole was terminated at the target depth of 504m, the drill trace ended up approximately 75m north of the tenement boundary (Figure 2). Despite this, the hole intersected a thick section of the steep westerly- dipping and highly altered 8 Mile mafic unit with widespread sulphide mineralisation, including disseminated magnetite and coarse-grained arsenopyrite, pyrrhotite and chalcopyrite, similar to the 8 Mile Dam Deposit (Figure 3).
Based on visual logging of RC drill chips, handheld portable XRF results and magnetic susceptibility measurements, samples from the bottom 56m of the hole were sent for priority analysis by fire assay at Bureau Veritas in Kalgoorlie.
The results from these initial samples confirm the relationship between the gold mineralisation and sulphides, and a relationship between the best gold mineralisation and coincident magnetic anomalism and elevated Arsenic as measured by handheld portable XRF. The first results also confirm that the IP anomaly is associated with potentially significant gold mineralisation, whilst the significant deviation of GJRC029 away from the planned target increases the potential strike length of gold mineralisation on Miramar’s ground.
Significant results are listed in Table 1, with assay results from the remainder of the hole expected in coming weeks.
The initial RC drilling programme, which also tested two other IP targets, is nearing completion and results will be reported once received and compiled.
Once all assays are received, the Company will plan further RC and/or diamond drill holes including to test the dip and strike extent of the mineralisation intersected in GJRC029.
The Company advises that the WA Department of Mines, Petroleum and Exploration (DMPE) has extended the main Gidji JV tenement, E26/214, for a further five years, and will now expire in March 2030.
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This article includes content from Miramar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
