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  • Dart Mining: Near Surface Molybdenum Assays Support Resource Upgrade Potential 0 comments
    May 22, 2012 2:24 AM

    Dart Mining (ASX: DTM) could be on its way to a JORC Resource upgrade at the Unicorn deposit in northeast Victoria following initial assays from a reverse circulation drilling program.

    Intercepts from the first three drill holes in this program include peak results of:

    - 174 metres at 0.1% Molybdenum equivalent from surface, including 82 metres at 0.14% Molybdenum equivalent;
    - 100 metres at 0.08% Molybdenum equivalent from surface, including 58 metres at 0.1% Molybdenum equivalent; and
    - 181 metres at 0.05% Molybdenum equivalent from surface.

    Unicorn hosts a JORC Inferred and Indicated Resource of 105 million tonnes at 0.07% Molybdenum equivalent, including 29 million tonnes at 0.09% Molybdenum equivalent in the Indicated category.

    These results show potential to increase both the size and grade of the existing ore resource.

    Dart managing director Lindsay Ward said the assays increase the potential to develop Unicorn as an economic deposit.

    "The aim of this drilling program was to add tonnes and grade to the open cut resource from surface and we have achieved this in these first three assayed holes," Ward said.

    "Another five holes have been drilled and samples tested using a handheld XRF device, the results of which have added to our confidence that the Resource upgrade is on track."

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

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