Dampier Gold Ltd - Dampier To Embark On Major Drilling Program At Flagship Zuleika Gold Project
Dampier Gold Ltd (ASX:DAU)

Dampier To Embark On Major Drilling Program At Flagship Zuleika Gold Project

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Highlights

What's happened?

Dampier Gold Limited (ASX:DAU) have anounced that a 5,500m drill program will commence in July 2020 with the aim of rapidly defining JORC compliant resources.

What are the key highlights?

  1. The maiden drilling program at Zuleika Gold Project will start in July focusing on strategic exploration targets at Paradigm East and testing highly prospective zones at Browns Dam and Castle Hill East.
  2. Dampier has identified the Paradigm East prospect as the highest priority target within the granted tenements of the Zuleika package. Previous results include 7m at 9.8 g/t Au including 2m at 30.9 g/t Au. There are several strong intercepts over a 250m strike length and the zone is open in most directions.
  3. The program will take 4 to 6 weeks and is expected to generate strong news-flow over the coming weeks.

For further information, please refer to the announcement linked below.

Executive Chairman's Summary

Malcolm Carson

“We are excited about the commencement of the Zuleika Gold Project drilling program, and the potential for expanding the highly perspective mineralisation database and defining JORC resources, following our successful drilling program at Credo Gold Project. The Zuleika tenements represent an extensive land holding covering significant regional structures and the world class Zuleika gold shear within highly prospective stratigraphy. The Dampier team has worked hard and identified an extensive number of targets and has prioritised these targets for this exciting maiden drilling program at Paradigm East, Browns Dam and Castle Hill East. We are exploring in one of richest gold regions in the world, demonstrated by multiple mines and multiple discoveries along the Zuleika Shear and parallel and cross cutting structures. Dampier is on track with its focus of rapidly defining a gold JORC resource in its Zuleika project area as part of our Kalgoorlie exploration strategy. The strong support shown by current and new investors reflects the fact that we are well positioned towards achieving our exploration and development goals. Dampier directors are determined to continuously bring value to our shareholders by strategic exploration and asset portfolio growth.”

Malcolm Carson
Executive Chairman, Dampier Gold Ltd
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