Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DART MINING NL Regulatory Filings 2007

Jun 27, 2007

64792_rns_2007-06-27_6d180aeb-7eaa-4792-a9be-d62ae89dfd2e.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

ASX RELEASE 28 June 2007

ASX CODE DTM

VERY HIGH GRADE GOLD INTERSECTED FROM INITIAL DART MINING DRILL PROGRAM

Newly listed gold exploration company Dart Mining NL (ASX: DTM) today announced the outstanding results of the company's first drill program undertaken at the Mountain View Prospect in the Dart Goldfield. Drilling has identified high grade gold from surface with the most significant intersect in hole MVD20 achieving $6m \& 21.79$ g/t gold including 2m $@$ 59.25 g/t gold from 3 metres depth.

Other results include:

Hole MVD19 from 4 metres Hole MVD17 from 3 metres Hole MVD04 from 9 metres 7m @ 6.16g/t gold, including 2m @ 8.99 g/t gold 6m @ 6.05g/t gold, including $4m \otimes 8.36$ g/t gold 3m @ 6.57g/t gold

These results, together with the rest of the assays shown in Table 1 and the results from drilling undertaken in 2006 prior to the Company's listing shown in Table 2, confirm the high grade nature of the sulphide hosted gold mineralisation at Mountain View.

The 18 hole drilling program covered some 140m of strike extent and tested to a depth of some 40m from surface. The program was designed to provide both close spaced infill information and to extend the mineralised horizon at Mountain View to gain a better understanding of the tenor and controls on the gold mineralisation. Surface soil sampling undertaken to determine future drilling locations at the Prospect has produced one outcrop sample some 40 metres west of the main mineralised zone, assayed 106 g/t gold. Preliminary interpretation suggests multiple steeply plunging high grade, sulphide rich lenses and further deep drilling is planned and will be undertaken using a drill rig with significantly greater depth capacity than the one available for this program.

This phase of the drill program is now complete, with the final assay results expected shortly. These, together with the results and interpretation of ongoing soil sampling and geophysics, will be reported in the Quarterly Activities Report due for release during July 2007

"These are excellent results from Dart's first drill program at Mountain View and while preliminary are nonetheless exciting. It certainly confirms our confidence in the project and in the application of modern technology to a region that has had little exploration in decades," Chief Executive Officer John Quayle said.

Figure 1 Mountain View surface plan showing drill hole locations

Project Background

The Dart Goldfield is located some 45km south of Corryong in NE Victoria. It comprises a number of shallow mines from the 1890s where the gold is associated with sulphide rich lode structures. Dart Mining has commenced evaluation of this goldfield by drilling at Mountain View. Other mines in the goldfield will be mapped and sampled in order to prioritise further drilling opportunities.

Further information: Investors: Dart Mining NL John Quayle Chief Executive Officer 03 9621 1322

Chris Bain Chairman 03 9621 1322

Media: Gryphon Management Australia Joanna Zadkovich 03 9670 1501 0409 609 890

Hole No. MGA East
(m)
MGA North
(m)
Hole
Azimuth
(MGA Grid)
Hole Dip mRL
AHD(m)
From
(m)
Significant Intersections Cutoffs:
$1.0$ g/t Au
Total
Depth (m)
MVD01 567,451 5,960,879 270 -88 960 30 $6m \otimes 2.41$ g/t Au
Including 3m @ 3.62 g/t Au
39.
MVD02 567,450 5,960,879 270 -79 960 8 3m @ 1.32 g/t Au 25.
MVD04 567.449 5.960.888 270 -78 961 9 3m @ 6.57 g/t Au 30.
MVD06 567,452 5,960,888 270 -89 961 22 3m @ 1.12 g/t Au 39.
MVD17 567,450 5,960,908 270 -46 965 3 6m @ 6.05 g/t Au
Including 4m @ 8.36 g/t Au
20
MVD19 567,450 5,960,908 270 -74 965 4 7m @ 6.16 g/t Au
Including 2m @ 8.99 g/t Au
25
MVD20 567.451 5,960,918 275 -59 968 3 6m @ 21.79 g/t Au
Including 2m @ 59.25 g/t Au
19
MVD 23 567.449 5.960.895 270 -55 963 $\mathbf{1}$ 5m @ 3.45 g/t Au
Including 3m @ 5.23 g/t Au
15
MVD 24 567,450 5,960,895 270 -80 963 6 8m @ 2.14 g/t Au
Including 3m @ 2.90 g/t Au
27
MVD25 567,451 5,960,896 270 -90 963 14 3m @ 4.38 g/t Au 39

Table 1 Results from Mountain View drilling

Table 2 Mountain View initial drill program (Completed May 2006 and reported in the Dart Prospectus dated 14 March 2007)

Hole No. MGA East
(m)
MGA North
(m)
Hole
Azimuth
(MGA Grid)
Hole Dip mRL
AHD(m)
From
(m)
Significant Intersections Cutoffs:
1.0 g/tAu
Total Depth
(m)
MVD03 567,448 5,960,879 270 -45 961 3 2m @ 2.66 g/t Au 15
MVD05 567,448 5,960,888 270 55 961 3 4m @ 3.78 g/t Au
Including 1m @ 7.3 g/t Au
12
MVD07 567,449 5,960,902 270 -70 964 2 8m @ 5.13 g/t Au
Including 1m @ 23.8 g/t Au
14.
MVD08 567,450 5,960,902 270 -85 964 2 14m @ 3.2 g/t Au
Including 2m @ 7.0 g/t Au
19
MVD12 567,450 5,960,913 270 -44 967 4 [email protected] g/tAu
Including 1m @ 20.3 g/t Au
11.
MVD13 567,451 5,960,913 270 -75 967 4 $6m \otimes 6.21 g/t$ Au
Including 3m @ 9.11 g/t Au
10
MVD14 567,452 5,960,913 270. -90- 967 8 11m @ 4.63 g/t Au
Including $4m \otimes 5.72 g/t$ Au
24.
MVD18 567,450 5,960,921 270 $-43.5$ 968 3 2m © 4.99 g/t Au 10
MVD21 567,452 5,960,932 270 -60 970 3 2m @ 1.84 g/t Au 14
MVD22 567,450 5,960,927 270 -45 969 $1.5\,$ 2.5m @ 1.70 g/t Au 6.5

Information in this report that relates to a statement of exploration results of the Company is based on information compiled by Dean Turnbull, BAppSc (Hons) M.AIG. Mr Turnbull is a Director of Dart Mining NL and has sufficient experience relevant to the style of
mineralisation and type of deposits under consideration and to the activity undertaken. He i