Dart Mining earns 45% Coonambula Project interest
Dart Mining (ASX:DTM) completed its 4,000-metre drilling commitment at the Coonambula Antimony-Gold Project in Central Queensland, triggering an equity increase to a 45% project interest.
The exploration programme, conducted under a farm-in joint venture agreement with Great Divide Mining (ASX:GDM), ultimately delivered 4,100m of diamond core drilling across 41 drill holes at the Banshee prospect.
The drilling campaign averaged a depth of 100m per hole, covering a strike extent of 730m and a vertical depth of 185m.
Geological logging and sampling have concluded, with all core samples dispatched to the laboratory for final assaying.
Early exceptional results include a standout intercept of 9m at 2.67 g/t gold, 16.8 g/t silver, and 5.8% antimony from 32.5m, alongside a peak antimony interval of 0.6m at 44.6%.
Dart Mining Chairman James Chirnside expressed strong satisfaction with the programme, noting that the company is poised to transition its joint venture equity to 45%.
Looking ahead, Dart Mining plans to unlock a further 6% interest—taking its total stake to a majority 51%—upon the completion of a forthcoming mineral resource estimate.
The joint venture partners are now focused on immediate next steps, which include reporting outstanding assay results, selecting composite drill cores for comprehensive metallurgical sighter studies, and generating a 3D model to declare a formal JORC resource.
Future exploration phases will incorporate data from recent IP surveys to define subsequent drilling targets.
