Dundee Precious Metals Accelerates Drilling at Dumitru Potok
Dundee Precious Metals Accelerates Drilling at Dumitru Potok
TORONTO – Dundee Precious Metals Inc. (TSX: DPM) has recently announced significant drilling results from the Dumitru Potok prospect, revealing promising high-grade mineralization from their exploration campaign. This prospect lies within the broader ?oka Rakita license area and is gaining attention due to its vast potential of copper, gold, and silver resources.
Drilling Highlights
The results have showcased wide intercepts of high-grade mineralization, including:
- DPDD025A – 190 metres at 2.07% Cu, 1.23 g/t Au, and 12.19 g/t Ag from 808 metres downhole, with a high-grade zone of 49 metres at 4.18% Cu, 1.48 g/t Au, and 21.7 g/t Ag at 842 metres.
- DPDD026 – 36 metres at 1.8% Cu, 1.4 g/t Au, and 11.76 g/t Ag from 953 metres, alongside another interval of 115 metres at 1.47% Cu, 2.73 g/t Au, and 9.69 g/t Ag from 1,170 metres.
- Valja Saka prospect – Encountered varied mineralization with results including 8.3 metres at 5.31 g/t Au and additional intervals containing base metals.
Overview of the Dumitru Potok Prospect
Recent drilling at the Dumitru Potok prospect has confirmed the presence of a substantial copper-gold-silver skarn system, marked by continuous high-grade mineralization. With a strike length observed over one kilometre and potential vertical extensions reaching up to 300 metres, this area is proving to be a hotspot for significant mineral discovery. The mineralization remains open in various directions, indicating that further drilling could yield even more favorable results.
Rakita North and Valja Saka Prospects
At Rakita North, drill results reveal a strong presence of marble-hosted copper-gold-silver mineralization. The core of this mineralized area covers an approximate size of 300 by 150 metres and has been confirmed to extend up to 300 metres vertically, still open for exploration. Similarly, the initial scout drilling at the Valja Saka prospect has revealed skarn-altered sediments, with visible gold and substantial multi-metal recovery potential, raising expectations for future endeavours.
Metallurgical Work and Next Steps
In light of these solid results, Dundee Precious Metals plans to increase its drilling campaign to a total of 55,000 meters, focusing on the Dumitru Potok and surrounding prospects. Preliminary metallurgical tests demonstrate copper recoveries of over 90%, highlighting the efficient processing potential of these mineralization zones. This drilling strategy aims to further delineate high-priority targets and potentially raise the overall mineral resources available around the planned infrastructure.
Financial Position and Future Commitments
With a strong financial position, Dundee Precious Metals is committed to creating value through exploration and development. The exploration budget ranges between $23 million and $25 million for activities in Serbia for the forthcoming year. This investment reflects confidence in the enduring promise of the ?oka Rakita project and surrounding areas.
Company Overview
Dundee Precious Metals Inc. is a leading international gold mining company with a strategic aim of achieving sustainable growth through efficient gold production. With operations primarily in Bulgaria and Serbia, DPM is focused on delivering value to shareholders through disciplined growth strategies and market opportunities in the precious metals sector.
Frequently Asked Questions
What are the recent drilling results from Dundee Precious Metals?
The latest results from the Dumitru Potok prospect include extensive high-grade intercepts, such as 190 metres at 2.07% Cu, 1.23 g/t Au, and 12.19 g/t Ag.
What is the focus of the ongoing exploration activities?
Dundee Precious Metals is concentrating on extending existing mineralized zones and exploring new targets across a robust drilling campaign of 55,000 meters, primarily around Dumitru Potok and Rakita North.
How does the company’s financial position affect its exploration?
With a strong financial footing, DPM is committed to substantial investments in exploration, budgeting between $23 million and $25 million for activities in Serbia in 2025.
What are preliminary metallurgical results for the Dumitru Potok project?
Preliminary metallurgical tests demonstrate copper recoveries exceeding 90% at a grind size of 75 microns, indicating favorable ore processing characteristics.
Where is Dundee Precious Metals located and what are their primary operations?
Dundee Precious Metals is based in Canada and operates primarily in Bulgaria, Serbia, and Ecuador, focusing on sustainable mining practices and responsible resource extraction.
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