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Desert Minerals Begins Ultrafine Soil Survey at Mt Monger to Refine Gold Drill Targets

Story Highlights
  • Desert Minerals has started a 379-sample Ultrafine Soils Program at Mt Monger to identify new gold anomalies and refine drilling targets beneath shallow cover.
  • With an open-ended gold resource at Providence and strong historic intercepts, Mt Monger is seen as a low-capital, high-upside project that could strengthen Desert Minerals’ gold portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Desert Minerals Begins Ultrafine Soil Survey at Mt Monger to Refine Gold Drill Targets

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An announcement from Desert Minerals Ltd. ( (AU:DSM) ) is now available.

Desert Minerals has launched a 379-sample Ultrafine Soils Program at its Mt Monger Gold Project in Western Australia to pinpoint new gold anomalies and refine drill targets across structurally prospective trends. The survey, using a 200m x 100m offset grid and UltraFine+ analysis, is designed to detect subtle geochemical halos beneath shallow cover, particularly around historic Mustang and Impala prospects.

The Mt Monger project hosts an initial inferred resource of 204,700 tonnes at 2.5g/t gold for 16,400 ounces at the Providence prospect, which remains open along strike and at depth, alongside several nearby targets with high-grade historical intercepts. Management views Mt Monger as a high-probability, low-capital exploration play, and the soil program is a key step in generating near-term drilling targets that could expand resources and enhance the company’s position in the Western Australian gold sector.

More about Desert Minerals Ltd.

Desert Minerals Ltd. is an Australian mineral exploration company focused on gold and lithium projects, notably the Mt Monger Gold Project near Kalgoorlie and the Scotty Lithium project. The company targets structurally and lithologically prospective terrains and is currently well funded, with $4.1 million in cash to advance its exploration portfolio.

Average Trading Volume: 159,568

Find detailed analytics on DSM stock on TipRanks’ Stock Analysis page.

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