IP Survey Extends Strike and Targets at Coonambula Antimony-Gold JV

An update from Dart Mining NL ( (AU:DTM) ) is now available.

Great Divide Mining reports that an induced polarisation survey at the Banshee Prospect within the Coonambula Antimony-Gold Project has confirmed more than one kilometre of strike continuity, with mineralisation interpreted to extend toward the historic Lady Mary antimony workings. The survey, co-funded by Queensland’s Collaborative Exploration Initiative, also revealed untested chargeability anomalies to the north coincident with gold-antimony soil anomalism, generating new priority drill targets and reinforcing the view that Coonambula represents an under-explored, district-scale system.

Dart Mining, as joint venture manager, will integrate the new geophysical data into its ongoing 4,000-metre drilling program, which forms part of its earn-in obligations to increase its interest in the project to 51%. The results highlight a potentially larger mineralised corridor and could materially enhance the resource potential and strategic value of the Coonambula project for both partners, particularly given its proximity to existing regional gold operations.

The most recent analyst rating on (AU:DTM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Dart Mining NL stock, see the AU:DTM Stock Forecast page.

More about Dart Mining NL

Great Divide Mining Ltd is an Australian exploration company focused on antimony and gold, with its Coonambula Project in Queensland held through subsidiaries GDM Coonambula Pty Ltd and GDM Yellow Jack Pty Ltd. The company operates a joint venture with Dart Mining NL, under which Dart can earn a majority stake by meeting drilling and reporting milestones while Great Divide retains tenement ownership and a carried interest during early exploration.

Average Trading Volume: 1,223,445

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$7.23M

Learn more about DTM stock on TipRanks’ Stock Analysis page.