Resource Upgrade Potential at Risk as Final Assays Awaited at Triumph
Dart Mining's latest drilling at the Triumph Gold Project reveals multiple new high-grade gold zones, supporting a resource upgrade and expanding mining potential.
- 12 diamond drill holes completed, 1,906m total
- Assays from first 10 holes reveal nine new mineralised lodes
- High-grade gold, silver, and zinc intercepts reported
- Potential upgrade from 150koz Inferred to Indicated Resource
- Plans underway for deeper drilling and Exploration Target statement
Drilling Success at Triumph
Dart Mining NL has announced promising results from its ongoing diamond drilling campaign at the Triumph Gold Project in Queensland. The company completed 12 drill holes totaling 1,906 meters, with assay results available for the first 10 holes. These results have unveiled nine new mineralised zones adjacent to the existing resource areas of New Constitution and South Constitution.
The intercepts include notable high-grade gold assays such as 10.5 meters at 2.63 grams per tonne gold (g/t Au) with accompanying silver and zinc, and narrower intervals with grades exceeding 7 g/t Au. These findings not only confirm known mineralised structures but also reveal parallel lodes on both the hanging wall and footwall sides, suggesting a more complex and extensive mineral system than previously understood.
Implications for Resource Classification and Mining
The current Mineral Resource Estimate (MRE) at Triumph stands at approximately 150,000 ounces of gold classified as Inferred. Dart Mining aims to upgrade a portion of this to Indicated classification, which would provide greater confidence for economic assessments and mining studies. The discovery of multiple stacked lodes could improve mining economics by potentially reducing strip ratios in open pit scenarios and supporting underground mining options at depth.
Chairman James Chirnside highlighted the significance of these results, emphasizing the potential scale of the intrusion related gold system (IRGS) at Triumph. The company is preparing a high-quality Exploration Target statement expected within the next few months, which will articulate the project's broader potential and guide future drilling strategies.
Geological Context and Exploration Strategy
The gold mineralisation at Triumph is hosted within quartz-sulphide veins associated with pyrite and arsenopyrite, typical of IRGS deposits. The project area features complex intrusive geology with multiple phases of alteration, which Dart is leveraging to refine its exploration model. The presence of base metals such as zinc alongside high-grade gold intercepts is helping to identify structurally complex zones that may host additional mineralisation.
Looking ahead, Dart plans to extend drilling to depths of up to 450 meters beneath the Southern Mineralised Corridor and test geophysical anomalies to the northwest of New Constitution. Regional exploration will also target bulk tonnage and deeper targets, while the company continues to evaluate acquisition and joint venture opportunities in Central Queensland.
Environmental and Regulatory Considerations
The Triumph Gold Project is situated near environmentally sensitive areas, including a National Park. Dart Mining has secured the necessary Environmental Authority approvals to conduct advanced exploration activities up to the park boundary, ensuring compliance with regulatory requirements while advancing its exploration program.
Bottom Line?
Dart Mining’s expanding gold footprint at Triumph sets the stage for a resource upgrade and deeper exploration, with market eyes on upcoming assay results and the Exploration Target.
Questions in the middle?
- How will the pending assays from the last two drill holes impact the overall resource model?
- What economic scenarios will the Exploration Target statement support, particularly regarding open pit versus underground mining?
- Could the newly identified parallel lodes significantly alter the project’s development timeline or capital requirements?