Dundas Minerals Ltd (ASX: DUN) has seen strong performance in the stock market, with its share price increasing by 21.21% to $0.04 as of 21 January 2025. Over the past month, the company’s shares have risen by 17.65%, and its year-to-date performance stands at 14.29%. This upward trend reflects growing investor confidence in Dundas Minerals, driven by positive developments in its exploration projects.
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Key Assay Results at Rockland
The latest assay results from Dundas Minerals’ drilling program at Rockland have delivered multiple high-grade gold intercepts. Notable assays include:
- 6 metres at 3.3g/t gold from 78m, with individual samples returning up to 7.5g/t and 7.1g/t at depths of 78m and 83m.
- 5 metres at 2.3g/t gold from 109m, with one metre returning 8.1g/t from 113m.
- 2 metres at 5.6g/t gold from 74m, with one metre returning 9.4g/t from the same depth.
Other significant results include assays returning gold grades of up to 14.9g/t, indicating the presence of high-grade gold mineralisation across several holes.
Figure 1: High-grade gold assays collected from individual 1 metre samples
Dundas managing director Shane Volk remarked that these results confirm the widespread gold mineralisation within the Rockland Mining Lease. The mineralisation occurs at relatively shallow depths, mostly within 100 metres, with some exceptionally high-grade results. The company is now proceeding with detailed three-dimensional modelling to plan further exploration.
1 Kilometre Long Gold Trend
The assay results highlight an approximate 1 kilometre long trend of significant gold mineralisation at Rockland, located between the historic Milford and Windanya North prospects. Dundas believes that the mineralisation extends north towards the Aquarius gold deposit. This discovery marks a key milestone in the company’s exploration efforts at the Windanya Gold Project, further proving the area’s potential.
The results have confirmed that gold mineralisation at Rockland comprises an oxide supergene zone within deeply weathered mafic host rocks. The gold mineralisation trends from north to south, consistent with regional geological trends. Dundas is progressing with three-dimensional modelling to refine its understanding of the mineralisation and plan future drilling activities.
Rockland Mining Lease Acquisition
On 8 October 2024, Dundas Minerals announced its acquisition of a 12-month exclusive option to acquire 100% of the granted Rockland Mining Lease. The lease is strategically located between the Aquarius and Scorpio gold prospects. Historic drilling within the area dates back to the 1980s and early 2000s, with depths reaching a maximum of 50 metres. Dundas’ recent drilling program is the first to test gold mineralisation beyond 50 metres at Rockland.
The drilling at Rockland targeted an approximate 1-kilometre-long trend, spanning the full length of the Mining Lease. Results from this drilling campaign have revealed a new gold mineralised zone between the Milford and Windanya North prospects, further extending the mineralisation footprint within the area.
Positive Exploration Results and Future Plans
The discovery of a new gold mineralised zone at Rockland reinforces Dundas Minerals’ exploration strategy at the Windanya Gold Project. The company is excited about the potential for further gold discoveries within the broader project area. Dundas is currently integrating the latest drilling results with historical data to develop an updated exploration model for the Windanya Gold Project.
Dundas Minerals has also completed a 15-hole RC drilling program at the Baden-Powell Gold Project, which is located nearby. The company expects assay results from this program within two weeks. The results from both the Rockland and Baden-Powell projects could provide a clearer picture of the overall gold potential in the region.
Wrapping Up!
Dundas Minerals has made significant strides in its exploration of the Windanya Gold Project, with the confirmation of a 1-kilometre-long gold mineralisation trend at the Rockland Mining Lease. High-grade gold intercepts from the drilling program highlight the potential for continued discoveries in the area. The company’s ongoing efforts at Rockland, along with upcoming assay results from the Baden-Powell project, position Dundas Minerals well for future growth and success in the gold sector. Investors are closely watching the company’s progress as it works to unlock the full potential of its gold projects in Western Australia.