Dart readies exploration assault on new Queensland gold play

Dart Mining is preparing to launch a significant exploration initiative at its newly acquired Triumph gold project in Queensland. This project marks an important step in Dart’s expansion into Queensland, with the company identifying promising new targets for exploration following a detailed review of historical drilling data and geological models.

The Triumph project, acquired for $2 million from Sunshine Metals, contains a current inferred resource of 118,000 ounces of gold. Dart is optimistic about expanding this resource, particularly focusing on the eastern extension of the Bald Hill deposit and other promising areas, such as the Constitution inflection zone and the deeper Brigham-Young target. Previous drilling at Triumph has already yielded impressive high-grade results, including intersections of 10m at 26.86 grams per tonne (g/t) gold from 51m, and 16m at 8.44g/t from 38m, which indicate significant potential for resource expansion.

One of the project’s strategic advantages is Dart’s ability to conduct low-cost drilling using its own equipment and crews. This capability will be crucial as the company plans to initiate a new drilling campaign aimed at upgrading and expanding the resource in the coming months.

In addition to the Triumph project, Dart has increased its ground holdings in the region, securing extra leases adjacent to the project. This move effectively tripled its landholding in Queensland, a region known for its rich gold deposits, such as the nearby Ravenswood deposit, which contains over 5 million ounces of gold.

Dart’s strategic entry into the Queensland gold scene complements its existing portfolio of gold and porphyry projects in Victoria, positioning the company to capitalize on the rising price of gold, which has surged by nearly 30% this year. The company aims to rapidly grow the Triumph resource and potentially tap into Queensland’s large-scale, million-ounce gold systems [oai_citation:3,Dart readies exploration assault on new Queensland gold play | The West Australian.

Dart Mining acquires Triumph gold project from Sunshine Metals for $2m]