Dundee Precious Metals Reports Positive Drilling Results

Dundee Precious Metals Unveils Update on ?oka Rakita Project

Today, Dundee Precious Metals Inc. (TSX: DPM) shared exciting developments regarding its ?oka Rakita project. According to the company's latest report, the pre-feasibility study (PFS) is on track to be completed in early 2025, bolstering the potential growth of the project. The company also announced new assay results stemming from a recently completed comprehensive drilling program.

Key Highlights from Recent Drilling Program

With the completion of the PFS infill drilling program, results affirm the continuity of high-grade mineralization within the established Mineral Resource outline. Noteworthy drilling results include:

• RIDD055 – 74 meters at 27.3 g/t Au from 426 meters downhole, including 37 meters at 47.44 g/t Au and a copper grade of 0.11% from 460 meters.
• RIDD057 – 83 meters at 3.90 g/t Au and 0.24% Cu from 385 meters.
• RIDD060 – 71 meters at 3.39 g/t Au, featuring 7 meters at 10.71 g/t Au selected from 473 meters downhole.
• RIDD069 – 67 meters at 10.61 g/t Au and 0.23% Cu from 387 meters.
• RIDD078A – 42 meters at 11.13 g/t Au and 0.18% Cu from 263 meters.

Project Advancement and Future Outlook

DPM continues to progress on the ?oka Rakita project, with an expected first production of concentrate slated for 2028. The pre-feasibility study is advancing well and remains on schedule for completion in the first quarter of 2025.

As part of the ongoing development, DPM is updating the Mineral Resource Estimate (MRE) and has successfully completed all necessary trade-off studies. Additionally, the company is nearing completion of its geotechnical drilling program, which is essential for PFS design and cost estimates. Metallurgical tests suggest a strong gold recovery rate of approximately 90% through gravity concentration methods.

Regulatory and Environmental Management

In tandem with these activities, the company is advancing its permitting efforts. The baseline environmental monitoring studies for the required assessment are planned for submission in early 2026. Detailed project timelines are being developed to ensure the construction kickoff is targeted for mid-2026.

DPM has established a solid local presence and meaningful relationships, having operated in Serbia since 2004, which will enhance stakeholder engagement as the project progresses.

In-depth Results of Infill Drilling

The PFS infill drilling program aimed to enhance the existing Mineral Resource estimate by upgrading it to the Indicated category. In total, 30,900 meters were drilled with new results recorded from 68 drill holes since the previous update.

Completed drilling ensures that hole spacing is approximately 30 meters by 30 meters comprehensive coverage across the deposit footprint, with some sections tightening to a remarkable 20 meters by 20 meters in areas of high-grade core. Drill results have consistently reported multiple wide intervals of significant gold mineralization.

While ongoing drilling continues to yield rich data for DPM’s understanding of the deposit, additional near-resource extension drilling is being conducted. This drilling will evaluate structural controls on mineralization, aiming to determine the potential for deposits that may extend in various directions.

Quality Assurance in Sampling and Reporting

Dundee Precious Metals adheres to a strict quality assurance program during the exploration phase. A meticulous sampling process is employed, utilizing advanced screen metallic assays given the historical prevalence of coarse gold at ?oka Rakita. Ensuring reliable recovery of material, all drill core is longitudinally cut, and samples are ideally categorized into intervals of one meter. The quality control framework includes certified reference materials and rigorous laboratory processes managed by SGS.

About Dundee Precious Metals

Dundee Precious Metals Inc. stands as a prominent Canadian international gold mining firm with operations stationed in Bulgaria, Serbia, and Ecuador. The company highlights a commitment to unlocking valuable resources while adhering to ethical principles upheld through core values that shape their business practices.

Frequently Asked Questions

1. What is the ?oka Rakita project?

The ?oka Rakita project is a gold mining initiative led by Dundee Precious Metals located in Serbia, aiming for future production of concentrate starting in 2028.

2. How significant are the recent drilling results?

The recent drilling results demonstrate the presence of high-grade gold mineralization, which reinforces the economic viability of the project.

3. When is the pre-feasibility study expected to be completed?

The PFS is projected to be completed in the first quarter of 2025.

4. What methodologies does DPM use for mineral recovery?

DPM employs gravity concentration methods and conventional flotation techniques, reporting around 90% gold recovery.

5. How does DPM ensure quality control in its sampling process?

The company implements rigorous sampling standards, using laboratory screen metallic assays and maintaining strict quality assurance processes for accurate results.

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