Dalaroo Metals (ASX:DAL) has commenced preparations for a diamond drilling program at the Goodbody Gold prospect within its Lyons River Project in Western Australia's Gascoyne Province.
The program will be co-funded by the Western Australian Government's exploration incentive scheme, covering 50% of direct costs through a $100,000 grant.
Preparations include engaging drilling contractors and securing all necessary approvals.
The program aims to test highly encouraging initial air core drilling results from earlier this year.
Four deep diamond drill holes will be used to explore beneath these positive intersections at Goodbody.
The gold mineralisation remains open along strike and at depth, providing further exploration potential.
Dalaroo's Managing Director, Harjinder Kehal, conveyed his enthusiasm for the project, stating, "We are excited to get preparations underway to undertake our maiden diamond drilling program at the Goodbody Gold prospect."
He highlighted the potential to enhance geological understanding and uncover high-grade gold shoots.
The drilling is set to commence later this month amidst record-high gold prices, highlighting the opportune timing for the company's exploration efforts.
Dalaroo continues to focus on its strategic landholding of 838km2 at the Lyons River Project, targeting various mineral prospects, including gold, base metals, and rare earth elements.
Dalaroo Metals is a metals exploration company. The company's projects include the Namban Project and the Lyons River Project. Its Namban Ni-Cu-PGE and Lyons River Pb-Zn-Cu-Ag projects occupy a land position totalling 1,140km2 with the scale to host significant sized orebodies.
At the time of reporting, Dalaroo Metals' share price was $0.023.