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An announcement from Desert Metals Ltd. ( (AU:DM1) ) is now available.
Desert Metals Ltd has reported that regional stream sediment sampling across its Adzope gold project in Côte d’Ivoire has defined a coherent gold-in-stream anomaly extending roughly 5km, located about 7km southwest of its high-grade King Kong prospect. The survey, comprising 241 samples over the 229km² permit, returned 116 samples at or above the 1ppb detection limit, indicating a moderate-to-strong regional gold signature for a West African Birimian terrain.
The company’s highest priority, Target 1, is a central anomaly measuring about 5km by 1.5km, containing 10 samples at or above 10ppb gold with a peak of 44ppb, and is aligned with a fault-bounded magnetic high on a NNE–SSW structural trend. A smaller Target 2 anomaly, roughly 2.5km by 1.5km with a peak of 33ppb, lies in the same structural corridor, and Desert Metals plans to commence an approximately 350-sample, first-pass soil program over Target 1 immediately to refine drill targets and build a pipeline of prospects beyond King Kong.
More about Desert Metals Ltd.
Desert Metals Ltd is an Australian mineral exploration company focused on gold projects, including the Adzope gold project in southern Côte d’Ivoire. The company is also advancing the nearby King Kong gold prospect, where previous diamond drilling has returned high-grade gold intercepts, underscoring its exploration-led growth strategy in West African Birimian terrains.
Average Trading Volume: 1,351,790
Technical Sentiment Signal: Sell
Current Market Cap: A$5.21M
For an in-depth examination of DM1 stock, go to TipRanks’ Overview page.