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Desert Metals Ltd. ( (AU:DM1) ) has issued an announcement.
Desert Metals Ltd. has initiated a significant diamond drilling program at the King Kong prospect within the Adzope gold project in Côte d’Ivoire. This program, which includes over 5,000 meters of drilling, aims to explore a 1.4km gold corridor identified through previous geological surveys and high-grade gold intersections. The first phase of the drilling, comprising 18 holes, is designed to test and expand known gold mineralization, with results expected in the September 2025 quarter. The use of a low-impact portable drill rig underscores the company’s commitment to operational efficiency and minimal environmental disruption.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on gold exploration and extraction. The company is engaged in projects primarily in Côte d’Ivoire, with a strategic emphasis on identifying and developing high-potential gold prospects.
Average Trading Volume: 2,079,174
Technical Sentiment Signal: Sell
Current Market Cap: A$9.73M
For an in-depth examination of DM1 stock, go to TipRanks’ Overview page.