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Duketon Mining Ltd finds high grade gold from initial drilling at Western Australia project

Published: 02:30 11 Apr 2016 EDT

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Duketon Mining Ltd (ASX:DKM) could be looking at economic gold at its Henry’s Bore prospect within the Kulguddi Project in Western Australia, after hitting high grade gold and thickness from aircore drilling.

The hole intersected 5 metres at 13.1 g/t gold from 60 metres depth.

Notably, Henry’s Bore Prospect is located 8 kilometres away from Regis Resources Ltd (ASX:RRL) owned Rosemont Mine.

While early days still exploration wise, there does appear good potential at the prospect.

The drilling targeted the intersection of a historical north south gold trend at Henry’s Bore and a north-north west gold and arsenic trend referred to as Henry’s Bore SW.

The intersection is at the bottom of the hole and has geochemical support in the holes east and west.

The best of the intervals in the hole appears to be associated with ferruginous quartz veining adjacent to an interpreted felsic-mafic contact.

Follow-up drilling will commence in May 2016 and will include aircore drilling to infill and extend the anomalous zone, surface geochemical sampling and follow-up RC and diamond drilling to test basement targets.

Duketon’s share price has increased by about 59% during the last 3 months.

 

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