Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or
“the Company”) reported results from drilling at the high-grade
copper-gold Dumitru Potok and Frasen prospects, located
approximately one kilometre north of the Čoka Rakita project.
Highlights(Refer to Tables 1, 2
and 3 for full results)
- High-grade
scout drilling results from Dumitru Potok and Frasen
include:
- DPDD018A – 63 metres
at 1.74% Cu, 2.18 g/t Au and 9.04 g/t Ag, including 15 metres at
3.38% Cu, 4.00 g/t Au and 14.7 g/t Ag
- DPDD019B – 70 metres
at 1.26% Cu, 1.21 g/t Au and 6.89 g/t Ag, including 15 metres at
2.70% Cu, 2.65 g/t Au and 20.10 g/t Ag
- BIDD233 – 44 metres
at 1.03% Cu, 0.85 g/t Au and 6.08 g/t Ag
- BIDD236A – 21 metres
at 1.77% Cu, 1.2 g/t Au and 43.47 g/t Ag
- BIDD229 – 17 metres
at 1.39% Cu, 1.35 g/t Au and 6.68 g/t Ag,including 9.2 metres at
2.04% Cu, 1.45 g/t Au and 9.6 g/t Ag
-
Dumitru Potok prospect: Results confirm the
presence of high-grade copper-gold-silver stratabound skarn
mineralization, with drilling demonstrating a continuous zone of
strong mineralization along a 250-metre corridor open to the north,
south and east.
-
Frasen prospect: Drilling returned manto-like
carbonate-hosted replacement and skarn copper-gold mineralization
at the conglomerate-marble contact over an area of 700 metres by
500 metres at Frasen West, with potential to extend this zone
southeast towards the stratabound skarn copper-gold mineralization
intersected by the deep drilling at Čoka Rakita North.
-
Regional potential: These drilling results confirm
large-scale potential for stratabound skarn copper-gold-silver
mineralization and additional potential for high-grade
sandstone-hosted skarn mineralization. An improved conceptual
targeting model that implies a large-scale hybrid porphyry–iron
oxide copper-gold (IOCG) system has been developed to help
prioritize ongoing drilling.
-
Next steps: Continued drilling program to pursue
additional potential skarn and manto-like stratabound targets
through scout and target delineation drilling campaigns on the Čoka
Rakita, Potaj Čuka and Pešter Jug licences.
Visit https://vrify.com/decks/16865 to view an
interactive 3D model highlighting these results.
“Located approximately one kilometre from our
Čoka Rakita project, we are excited by the exploration potential of
the high-grade copper-gold Dumitru Potok and Frasen discoveries,”
said David Rae, President and Chief Executive Officer of Dundee
Precious Metals.
“These new results highlight the high-grade
nature of what we are seeing from our exploration activities and
confirm the large-scale potential for further high-grade
copper-gold mineralization at Čoka Rakita and the surrounding
licences.”
Dumitru Potok and Frasen Drilling Program
Overview
The Company has continued to progress its scout
drilling program, completing over 22,000 metres and 28 drill holes
since the previous update on February 26, 2024, with seven drill
holes in progress.
These new scout drilling results allow for a
better understanding of the wider geological setting and illustrate
the large-scale of the mineralizing system on the licence package.
The high-grade copper-gold mineralization encountered is found as
stratabound mineralized zones developed within reactive sedimentary
units which occur in proximity to fertile diorite porphyries that
also exhibit weak to moderate copper-gold mineralization. The
Company’s exploration teams have observed features that are
characteristic of a transition between porphyry
copper-gold-molybdenum mineralization and IOCG mineral systems that
would imply camp scale potential for stratabound skarn
mineralization when evaluating these traits against the current
geological architecture.
Observed characteristics include:
-
Alkalic-hybrid fertile intrusions associated with large-scale early
sodic-potassic alteration footprints;
-
Consistent presence of mineralization associated to potassic and
skarn alteration within more reactive lithological host units, that
include marls, sandstones, conglomerates and marbles.
-
Association of copper and gold with highly elevated iron in the
form of abundant iron-oxides and iron-rich silicates; and
-
Zoned and overprinted pyrite - chalcopyrite - bornite - chalcocite
- digenite - native copper hypogene mineral paragenesis, associated
to increasing Cu/Fe, Au/Cu and decreasing S toward depths and
proximal to magmatic feeders.
See Figures 1 and 2 for plan and section views
highlighting recent drilling at the Dumitru Potok and Frasen
prospects.
At the Dumitru Potok prospect,
located approximately one kilometre northeast of Čoka Rakita, a
directional drilling program with multiple daughter holes outlined
a subvertical fertile monzodiorite intrusive body, with proximal
high-grade stratabound copper-gold-silver mineralization within the
conglomerate-marble contact zone. Mineralization is found at both
the eastern and western sides of the intrusion.
On the eastern flank of the outlined
monzodiorite intrusion, follow-up daughter drill holes DPDD012A,
DPDD19A and DPDD19B intersected consistent high-grade copper-gold
stratabound mineralization along a 250-metres corridor, which is
open to the north, south and east. A significant intercept
demonstrating the width and grade tenor is drillhole DPDD019B,
which returned:
- 70 metres at 1.26%
Cu, 1.21 g/t Au and 6.89 g/t Ag from 372 metres downhole depth,
including15 metres at 2.7% Cu, 2.65 g/t Au and 20.1 g/t Ag;
and
- 45 metres at 0.72%
Cu, 0.96 g/t Au and 3.13 g/t Ag from 473 metres downhole
depth.
On the western flank of the same monzodiorite
body, the daughter holes DPDD014B and DPDD018A as well as scout
holes BIDD226, DPDD017, and DPDD020 drill holes intersected
high-grade stratabound copper-gold mineralization along a
1,000-metre north-northwest trending corridor. Of note was the
intercept on the western flank, encountered by the daughter hole
DPDD018A, which returned:
- 63 metres at 1.74%
Cu, 2.18 g/t Au and 9.04 g/t Ag from 639 metres downhole depth,
including15 metres at 3.38% Cu, 4 g/t Au and 14.7 g/t Ag.
See Figure 3 for details of the mineral assemblage in DPDD018A.
For complete list of assay results from the Dumitru Potok prospect,
see Table 1.
Considering these results, DPM has commenced a
systematic target delineation drilling campaign at Dumitru Potok
aimed to further extend these high-grade zones and build additional
confidence on the shape, size and grade tenor of the encountered
mineralization.
At the Frasen prospect, located
approximately one kilometre north-west of Čoka Rakita, systematic
drilling has confirmed manto-like carbonate-hosted replacement and
skarn mineralization at the conglomerate-marble contact over an
area of 700 metres by 500 metres. Drilling aimed to test for
mineralization up-stratigraphy and westward from the
Frasen-porphyry that was previously intersected in drillhole
BIDD224 and is considered as the causative intrusion for high-grade
manto-like copper-gold replacement mineralization.
Significant intercepts have been returned from
several new holes completed at Frasen and are listed in Table 2. Of
particular interest is the BIDD236A daughter drill hole from the
northern, shallower part of the target which returned:
- 21 metres at 1.77%
Cu, 1.2 g/t Au and 43.47 g/t Ag from 112 metres downhole
depth.
Another significant zone was intersected by
drillhole BIDD229, which returned a high grade intercept:
- 17 metres at 1.39%
Cu, 1.35 g/t Au and 6.68 g/t Ag from 700 metres downhole depth,
including 9.2 metres at 2.04% Cu, 1.45 g/t Au and 9.6 g/t Ag.
At the southern flank of the prospect, hole
BIDD233 returned:
- 44 metres at 1.03%
Cu, 0.85 g/t Au and 6.08 g/t Ag from 708 metres downhole depth at
the conglomerate and marble contact zone.
These new drill intercepts open up the potential
to extend this high-grade manto-like zone to the southeast to the
carbonate-hosted copper-gold replacement mineralization, previously
intersected by the deep drilling at Čoka Rakita North (RIDD001,
RIDD002, RIDD008, RIDD009, RADD043 and RADD044, see Table 3 for
complete results).
Hole RADD046 from the Čoka Rakita North
prospect, returned multiple intervals of moderate copper-gold
grades, including:
- 13 metres at 0.59%
Cu, 0.62 g/t Au and 3.18 g/t Ag from 938 metres downhole depth, and
28 metres at 0.54% Cu, 0.36 g/t Au and 2.4 g/t Ag from 1,007 metres
downhole depth.
Further to this, scout drilling on the southern
flank of the Čoka Rakita deposit returned a series of promising
intercepts from drill hole RADD047, that includes:
- 15 metres at 0.93%
Cu, 0.45 g/t Au and 2.50 g/t Ag from 632 metres downhole depth,
hosted by a brecciated and skarn altered monzonite-conglomerate
contact zone.
The interpretation of these results suggest that
high-grade stratabound copper-gold skarn mineralization extends
below Čoka Rakita and is open to south. Further drilling is planned
to follow-up on these results, as well as to test the larger
footprint of coincident surface geochemical anomaly and to test the
target skarn stratigraphy, which is still open to the south and
southwest from Čoka Rakita. Additionally, several scout holes are
planned to test the same stratigraphy and coincident geology, about
two kilometres to the south.
For a complete list of results from the Frasen
prospect, see Table 2.
Significant 2024 Exploration Program
Ongoing
For the rest of 2024, DPM’s exploration program
includes approximatively 35,000 metres of drilling to follow-up on
positive results and to continue testing the enhanced targeting
models. A portion of this drilling will be dedicated to the Dumitru
Potok and Frasen prospects, which will aim to define the
stratabound-hosted mineralization, which is open in multiple
directions, and to better understand the variability of the
mineralization along strike and away from the causative intrusions.
Exploratory testwork will be initiated to determine the
metallurgical characteristics of the key copper-gold-silver
mineralization styles.
Furthermore, the Company aims to follow-up on
the newly completed magneto-telluric (MT) survey, which highlighted
several significant conductivity targets on the Potaj Čuka
exploration licence, extending for several kilometres along strike
north of Dumitru Potok, which share the same characteristics and
geological setting as the Dumitru Potok and Frasen prospects due to
their prospective stratabound and porphyry style
mineralization.
The Company has budgeted between $20 million and
$22 million for exploration activities in Serbia in 2024, with $9.5
million spent in the first six months of the year.
Figure 1. Project scale map
highlighting the updated targets and results from the ongoing scout
drilling program.
Figure 2. Cross section looking
north at the Frasen and Dumitru Potok targets, located
approximately one kilometre north of the Čoka Rakita deposit,
showing scout drilling, the conceptual geology model and
interpretation of target mineralization styles.
Figure 3. Images showing the
core photos of copper-gold manto skarn mineralization from hole
DPDD018A, taken from within the interval reporting 15 metres at
3.38% Cu, 4 g/t Au and 14.7 g/t Ag from 643 metres downhole (1,108
m total depth from surface).
a) |
Half-NQ size core boxes from DPDD018A starting at 640.8 metres
downhole and ending at 648.7 metres downhole, displaying copper and
gold assay values for each metre. |
|
|
b) |
Macro images of NQ size half-core from the same intervals
displaying textural variability, from garnet - hematite dominated
skarn with chalcopyrite cement on upper right, semi-massive
digenite and quartz-carbonate hydrothermal replacement in center
right and late limonite-hematite-native copper mineralization on
lower right. Abbreviations: Cpy – chalcopyrite; Bo – bornite; Cov –
covellite; Dig – digenite; Hem – hematite; Lim – limonite;
Q – quartz; Gn – garnet. |
|
|
Table 1: Reported drill
intercepts from the scout drilling campaign at Dumitru Potok:
HOLEID |
EAST |
NORTH |
RL |
AZ |
DIP |
FROM |
TO |
LENGTH |
CuEq |
Cu |
Au |
Ag |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/t) |
(g/t) |
DPDD012* |
572990 |
4896008 |
917 |
238 |
-50 |
1155 |
1181 |
26 |
5.92 |
3.54 |
3.03 |
15.30 |
and |
|
|
|
|
|
1214 |
1244 |
30 |
2.26 |
1.36 |
1.11 |
9.80 |
including |
|
|
|
|
|
1218 |
1223 |
5 |
4.95 |
3.16 |
2.15 |
22.20 |
DPDD012A |
573476 |
4897208 |
48 |
238 |
-53 |
354 |
385 |
31 |
2.42 |
1.45 |
1.19 |
10.00 |
including |
|
|
|
|
|
369 |
384 |
15 |
4.26 |
2.57 |
2.05 |
17.90 |
and |
|
|
|
|
|
391 |
399.2 |
8.2 |
3.80 |
2.03 |
2.17 |
18.90 |
DPDD013 |
573265 |
4897529 |
669 |
235 |
-50 |
aborted for technical reasons / no significant intervals |
DPDD013A* |
573040 |
4897370 |
337 |
235 |
-52 |
84 |
93 |
9 |
1.07 |
0.64 |
0.55 |
1.80 |
DPDD014 |
573311 |
4897351 |
687 |
242 |
-51 |
aborted for technical reasons / no significant intervals |
DPDD014B |
572965 |
4897130 |
124 |
238 |
-58 |
356 |
390 |
34 |
1.52 |
1.15 |
0.43 |
5.80 |
including |
|
|
|
|
|
380 |
387.4 |
7.4 |
3.64 |
2.94 |
0.78 |
13.70 |
DPDD015 |
573860 |
4896934 |
649 |
240 |
-49 |
aborted for technical reasons / no significant intervals |
DPDD015A |
573499 |
4896700 |
124 |
238 |
-49 |
in progress |
DPDD016 |
573695 |
4897658 |
726 |
231 |
-50 |
no significant intervals |
DPDD017 |
573307 |
4896780 |
711 |
232 |
-61 |
402 |
408 |
6 |
5.73 |
4.65 |
1.38 |
6.40 |
and |
|
|
|
|
|
1034 |
1044.3 |
10.3 |
1.07 |
0.78 |
0.34 |
4.60 |
and |
|
|
|
|
|
1106 |
1143.7 |
37.7 |
1.02 |
0.73 |
0.37 |
1.40 |
DPDD018 |
573267 |
4897528 |
669 |
224 |
-71 |
154 |
162 |
8 |
2.60 |
1.17 |
1.90 |
2.13 |
DPDD018A |
573180 |
4897417 |
227 |
218 |
-72 |
639 |
702 |
63 |
3.43 |
1.74 |
2.18 |
9.04 |
including |
|
|
|
|
|
643 |
658 |
15 |
6.47 |
3.38 |
4.00 |
14.70 |
including |
|
|
|
|
|
677 |
701 |
24 |
3.54 |
1.84 |
2.16 |
10.50 |
DPDD019 |
573268 |
4897247 |
697 |
213 |
-82 |
completed / awaiting results |
DPDD019A |
573237 |
4897198 |
248 |
222 |
-83 |
390 |
428.8 |
38.8 |
2.23 |
1.22 |
1.25 |
9.10 |
including |
|
|
|
|
|
400 |
421 |
21 |
3.05 |
1.67 |
1.71 |
12.70 |
and |
|
|
|
|
|
501.8 |
509 |
7.2 |
0.84 |
0.32 |
0.68 |
2.40 |
DPDD019B |
573235 |
4897196 |
210 |
163 |
-88 |
372 |
442 |
70 |
2.22 |
1.26 |
1.21 |
6.89 |
including |
|
|
|
|
|
401 |
416 |
15 |
4.84 |
2.70 |
2.65 |
20.1 |
and |
|
|
|
|
|
473 |
518 |
45 |
1.46 |
0.72 |
0.96 |
3.13 |
DPDD019C |
573239 |
4897198 |
258 |
216 |
-84 |
completed / awaiting results |
DPDD020 |
573262 |
4897014 |
722 |
241 |
-55 |
587 |
592 |
5 |
1.17 |
0.76 |
0.52 |
2.80 |
and |
|
|
|
|
|
649 |
661 |
12 |
1.59 |
1.02 |
0.73 |
3.30 |
and |
|
|
|
|
|
948 |
981 |
33 |
1.07 |
0.66 |
0.51 |
3.00 |
and |
|
|
|
|
|
998 |
1013 |
15 |
0.85 |
0.35 |
0.66 |
1.20 |
and |
|
|
|
|
|
1026 |
1031 |
5 |
1.45 |
1.07 |
0.47 |
3.90 |
and |
|
|
|
|
|
1100 |
1106 |
6 |
0.94 |
0.54 |
0.54 |
0.60 |
DPDD021 |
573115 |
4897637 |
680 |
240 |
-65 |
in progress |
DPDD022 |
572687 |
4896993 |
775 |
64 |
-81 |
in progress |
DPDD023 |
573665 |
4897081 |
698 |
250 |
-71 |
in progress |
DPDD024 |
573267 |
4897528 |
669 |
50 |
-55 |
completed / awaiting results |
DPDD025 |
573695 |
4897658 |
726 |
229 |
-67 |
in progress |
DPDDHG001 |
572956 |
4897237 |
740 |
150 |
-89 |
in progress |
Table 2: Reported drill
intercepts from the scout drilling campaign at Frasen:
HOLEID |
EAST |
NORTH |
RL |
AZ |
DIP |
FROM |
TO |
LENGTH |
CuEq |
Cu |
Au |
Ag |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/t) |
(g/t) |
BIDD052* |
572051 |
4897096 |
942 |
241 |
-70 |
348 |
356 |
8 |
3.48 |
1.68 |
2.33 |
8.92 |
BIDD054* |
572351 |
4896882 |
906 |
281 |
-70 |
188 |
212 |
24 |
0.94 |
0.14 |
1.07 |
0.48 |
BIDD173* |
572421 |
4897199 |
870 |
242 |
-64 |
664 |
689 |
25 |
0.99 |
0.65 |
0.43 |
2.00 |
BIDD178* |
571972 |
4897190 |
926 |
235 |
-55 |
237 |
259 |
22 |
2.02 |
0.61 |
1.83 |
6.86 |
including |
|
|
|
|
|
242 |
251 |
9 |
3.47 |
1.01 |
3.25 |
6.30 |
BIDD221* |
572228 |
4897176 |
922 |
242 |
-60 |
486 |
491 |
5 |
2.00 |
1.45 |
0.64 |
8.37 |
BIDD222* |
572417 |
4897031 |
891 |
249 |
-60 |
706 |
714 |
8 |
3.35 |
2.36 |
1.26 |
7.00 |
BIDD223* |
572692 |
4896998 |
775 |
256 |
-60 |
628 |
638 |
10 |
0.92 |
0.66 |
0.20 |
13.20 |
and |
|
|
|
|
|
657 |
679 |
22 |
1.71 |
1.00 |
0.92 |
3.70 |
including |
|
|
|
|
|
663 |
669 |
6 |
3.20 |
2.02 |
1.49 |
7.80 |
BIDD224* |
572691 |
4896996 |
775 |
239 |
-74 |
327 |
372 |
45 |
0.86 |
0.26 |
0.80 |
1.10 |
and |
|
|
|
|
|
394 |
406 |
12 |
0.81 |
0.20 |
0.81 |
0.90 |
and |
|
|
|
|
|
792 |
800 |
8 |
0.81 |
0.50 |
0.40 |
1.70 |
BIDD225 |
572527 |
4897425 |
816 |
260 |
-70 |
656 |
666 |
10 |
0.81 |
0.15 |
0.87 |
2.40 |
BIDD226 |
572727 |
4897373 |
772 |
253 |
-71 |
144 |
152 |
8 |
2.51 |
1.90 |
0.78 |
3.60 |
including |
|
|
|
|
|
145 |
151 |
6 |
3.02 |
2.27 |
0.96 |
3.90 |
and |
|
|
|
|
|
611 |
645 |
34 |
1.59 |
1.07 |
0.67 |
3.70 |
BIDD227 |
572727 |
4897371 |
772 |
236 |
-59 |
no significant intervals |
BIDD227A |
572610 |
4897296 |
537 |
242 |
-58 |
435 |
442 |
7 |
1.02 |
0.67 |
0.42 |
4.27 |
BIDD228 |
572087 |
4897025 |
945 |
241 |
-60 |
no significant intervals |
BIDD229 |
572504 |
4896835 |
861 |
266 |
-62 |
700 |
717 |
17 |
2.45 |
1.39 |
1.35 |
6.68 |
including |
|
|
|
|
|
706.8 |
716 |
9.2 |
3.2 |
2.04 |
1.45 |
9.6 |
and |
|
|
|
|
|
901 |
915 |
14 |
1.24 |
0.76 |
0.60 |
4.51 |
BIDD230 |
572085 |
4897262 |
930 |
242 |
-67 |
329 |
344 |
15 |
1.19 |
0.81 |
0.50 |
1.27 |
and |
|
|
|
|
|
369 |
382 |
13 |
0.86 |
0.6 |
0.27 |
6.82 |
BIDD231 |
572163 |
4897242 |
930 |
241 |
-55 |
no significant intervals |
BIDD232 |
572085 |
4897261 |
930 |
241 |
-50 |
323 |
336 |
13 |
1.93 |
0.46 |
1.81 |
14.55 |
BIDD233 |
572503 |
4896835 |
861 |
242 |
-55 |
708 |
752 |
44 |
1.71 |
1.03 |
0.85 |
6.08 |
BIDD234 |
572194 |
4897315 |
921 |
248 |
-59 |
229 |
236 |
7 |
1.91 |
0.09 |
2.46 |
0.72 |
BIDD235 |
572062 |
4897149 |
940 |
240 |
-55 |
281 |
308 |
27 |
1.57 |
0.65 |
1.15 |
7.32 |
including |
|
|
|
|
|
298 |
307 |
9 |
3.05 |
1.15 |
2.34 |
18.9 |
BIDD236 |
572064 |
4897150 |
940 |
241 |
-65 |
aborted for technical reasons / no significant intervals |
BIDD236A |
571990 |
4897109 |
760 |
242 |
-65 |
112 |
133 |
21 |
3.05 |
1.77 |
1.2 |
43.47 |
BIDD237 |
572987 |
4896757 |
773 |
244 |
-44 |
completed / awaiting results |
BIDD238 |
572555 |
4896692 |
862 |
61 |
-49 |
completed / awaiting results |
BIDD239 |
572055 |
4897420 |
892 |
238 |
-55 |
completed / awaiting results |
BIDD240 |
572417 |
4897031 |
891 |
80 |
-60 |
in progress |
Table 3: Drill holes results
from the scout drilling campaign at Čoka Rakita that intercepted
the deeper stratabound Cu-Au-Ag target:
HOLEID |
EAST |
NORTH |
RL |
AZ |
DIP |
FROM |
TO |
LENGTH |
CuEq |
Cu |
Au |
Ag |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/t) |
(g/t) |
RIDD001* |
572991 |
4896010 |
917 |
295 |
-67 |
694 |
704.1 |
10.1 |
1.26 |
1.03 |
0.23 |
7.10 |
and |
|
|
|
|
|
885 |
892 |
7 |
1.57 |
0.71 |
1.07 |
7.70 |
RIDD002* |
572971 |
4896089 |
903 |
290 |
-58 |
637 |
681 |
44 |
0.89 |
0.42 |
0.58 |
4.90 |
and |
|
|
|
|
|
715 |
728 |
13 |
1.42 |
1.05 |
0.42 |
5.80 |
and |
|
|
|
|
|
907 |
919 |
12 |
2.77 |
0.65 |
2.67 |
16.60 |
including |
|
|
|
|
|
910 |
917 |
7 |
3.28 |
0.56 |
3.44 |
19.50 |
RIDD008* |
573043 |
4895851 |
918 |
266 |
-65 |
639 |
650 |
11 |
0.97 |
0.65 |
0.32 |
8.40 |
RIDD009* |
572972 |
4896088 |
903 |
301 |
-64 |
885 |
899 |
14 |
1.67 |
0.69 |
1.28 |
3.10 |
and |
|
|
|
|
|
920 |
930 |
10 |
0.89 |
0.49 |
0.51 |
2.80 |
and |
|
|
|
|
|
972.5 |
985 |
12.5 |
1.59 |
0.90 |
0.89 |
3.70 |
RADD027* |
573485 |
4895816 |
885 |
263 |
-70 |
1118 |
1123 |
5 |
1.93 |
1.25 |
0.86 |
5.20 |
RADD036* |
573252 |
4895879 |
926 |
290 |
-65 |
927 |
932 |
5 |
1.13 |
0.97 |
0.18 |
3.30 |
RADD043* |
572945 |
4896595 |
791 |
235 |
-61 |
647 |
656 |
9 |
0.97 |
0.34 |
0.66 |
16.20 |
RADD044* |
573618 |
4896015 |
844 |
270 |
-60 |
1102 |
1108 |
6 |
0.84 |
0.53 |
0.41 |
1.00 |
and |
|
|
|
|
|
1110 |
1119 |
9 |
0.82 |
0.44 |
0.48 |
2.50 |
and |
|
|
|
|
|
1163 |
1319 |
156 |
0.81 |
0.52 |
0.36 |
1.80 |
RADD046 |
572948 |
4896594 |
791 |
210 |
-67 |
771 |
777 |
6 |
1.27 |
0.86 |
0.52 |
3.01 |
and |
|
|
|
|
|
938 |
951 |
13 |
1.07 |
0.59 |
0.62 |
3.18 |
and |
|
|
|
|
|
966 |
991 |
25 |
0.86 |
0.47 |
0.49 |
2.97 |
and |
|
|
|
|
|
1007 |
1035 |
28 |
0.83 |
0.54 |
0.36 |
2.4 |
and |
|
|
|
|
|
1044 |
1052 |
8 |
0.84 |
0.57 |
0.33 |
2.41 |
RADD047 |
573142 |
4895672 |
943 |
252 |
-64 |
22 |
28 |
6 |
0.92 |
0.05 |
1.15 |
1.80 |
and |
|
|
|
|
|
201 |
207 |
6 |
1.41 |
0.01 |
1.89 |
1.10 |
and |
|
|
|
|
|
632 |
647 |
15 |
1.28 |
0.93 |
0.45 |
2.50 |
RADD047A |
573014 |
4895628 |
637 |
250 |
-67 |
completed / awaiting results |
Notes applicable to all tables
above:
1) |
Coordinates are in UTM Zone 34 North WGS84 datum. |
|
|
2) |
Intervals are reported at a cut-off grade of 0.8% CuEq using 5
metres minimum length and 10 metres maximum internal dilution.
Higher grade sub-intervals denoted with ‘including’ are reported at
a cut-off grade of 3% CuEq using 5 metres minimum length and 5
metres maximum internal dilution. |
|
|
3) |
The CuEq calculation is based on the following formula: Cu % + Au
g/t x 0.74 + Ag g/t x 0.009 based on a copper price of $2.75/lb,
gold price of $1,400/oz and silver price of $17/oz; and assumes
metallurgical recoveries of 90% all metals within the equivalency
calculation. Metallurgical assumptions are based on initial
floatation testwork completed on the stratabound hosted Cu-Au-Ag
mineralization at Čoka Rakita North. No metallurgical testwork has
been completed on the Frasen or Dumitru Potok prospects. |
|
|
4) |
No upper cuts have been applied. |
|
|
5) |
Based on the limited understanding of the geometry of the
mineralized body, true widths are considered to be 90% or more of
the reported downhole interval, assuming strata-bound control on
the mineralization. |
|
|
6) |
Daughter holes identified with “A” (e.g., DPDD018A) are
navigational holes with collar coordinates and depth indicating the
exit point from the parent hole. |
|
|
7) |
Holes noted with (*) were reported previously and have been
recalculated and re-reported based on CuEq reporting criteria. |
|
|
Sampling, Analysis and QAQC of Exploration Drill Core
Samples
Most exploration diamond drill holes are
collared with PQ size, continued with HQ, and are sometimes
finished with NQ. Triple tube core barrels and short runs are used
whenever possible to improve recovery. All drill core is cut
lengthwise into two halves using a diamond saw: one half is sampled
for assaying and the other half is retained in core trays. The
common length for sample intervals within mineralized zones is one
metre. Weights of drill core samples range from three to eight
kilograms (“kg”), depending on the size of core, rock type, and
recovery. A numbered tag is placed into each sample bag, and the
samples are grouped into batches for laboratory submission.
Drill core samples are shipped to the Company’s
own exploration laboratory in Bor, Serbia, which is independently
managed by SGS. SGS methods and procedures are accredited at SGS
hub labs and independent internal lab QAQC check samples are sent
to an SGS accredited laboratory. The Bor lab also participate in
SGS monthly round robins, and other international Round Robins.
Quality control samples, comprising certified reference materials,
blanks, and field duplicates, are inserted into each batch of
samples and locations for crushed duplicates and pulp replicates
are specified. All drill core and quality control samples are
tabulated on sample submission forms that specify sample
preparation procedures and codes for analytical methods. For
internal quality control, the laboratory includes its own quality
control samples comprising certified reference materials, blanks
and pulp duplicates. All QAQC monitoring data are reviewed,
verified and signed off by an independent QAQC geologist. Chain of
custody records are maintained from sample shipments to the
laboratory until analyses are completed and remaining sample
materials are returned to the Company. The chain of custody is
transferred from the Company to SGS at the laboratory door.
At the SGS Bor laboratory, the submitted drill
core samples are dried at 105°C for a minimum of 12 hours, and then
jaw crushed to approximately 80% passing four millimetres. Sample
preparation duplicates are created by riffle splitting crushed
samples on a 1-in-20 basis. Larger samples are riffle split prior
to pulverizing, whereas smaller samples are pulverized entirely.
Pulverization specifications are 90% passing 75 microns. Gold
analyses are done using a conventional 50-gram fire assay and AAS
finish. Multi-element analyses for 49 elements, including Ag, Cu,
Mo, As, Bi, Pb, Sb, and Zn, are done using a four-acid digestion
and an ICP-MS finish at SGS Bor and SGS Ankara laboratories.
Samples returning over 10 ppm for Ag and 1% for Cu, Pb or Zn are
analyzed with AAS finish. Sulphur is analyzed using an Eltra
Analyzer equipped with an induction furnace.
Technical Information
Ross Overall, Corporate Director Technical
Services of the Company, who is a Qualified Person as defined under
NI 43-101, and Paul Ivascanu, General Manager, Exploration of the
Company, have reviewed, and approved the scientific and technical
content of this news release. Mr. Overall has verified the accuracy
of the information presented in this disclosure.
About Dundee Precious
Metals
Dundee Precious Metals Inc. is a Canadian-based
international gold mining company with operations and projects
located in Bulgaria, Serbia and Ecuador. The Company’s purpose is
to unlock resources and generate value to thrive and grow together.
This overall purpose is supported by a foundation of core values,
which guides how the Company conducts its business and informs a
set of complementary strategic pillars and objectives related to
ESG, innovation, optimizing our existing portfolio, and growth. The
Company’s resources are allocated in-line with its strategy to
ensure that DPM delivers value for all of its stakeholders. DPM’s
shares are traded on the Toronto Stock Exchange (symbol: DPM).
For further information please contact:
David RaePresident and Chief Executive OfficerTel:
(416) 365-5191investor.info@dundeeprecious.com |
Jennifer CameronDirector, Investor RelationsTel:
(416) 219-6177jcameron@dundeeprecious.com |
Cautionary Note Regarding Forward Looking
Statements
This news release contains “forward looking
statements” or “forward looking information” (collectively,
“Forward Looking Statements”) that involve a number of risks and
uncertainties. Forward Looking Statements are statements that are
not historical facts and are generally, but not always, identified
by the use of forward looking terminology such as “plans”,
“expects”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “outlook”, “intends”, “anticipates”, “believes”, or
variations of such words and phrases or that state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved, or the negative of any of
these terms or similar expressions. The Forward Looking Statements
in this news release relate to, among other things: future
exploration potential at Čoka Rakita; the geology and metallurgy at
Čoka Rakita; the price of commodities; and success of exploration
activities. Forward Looking Statements are based on certain key
assumptions and the opinions and estimates of management and the
Qualified Persons, as of the date such statements are made, and
they involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
other future results, performance or achievements expressed or
implied by the Forward Looking Statements. In addition to factors
already discussed in this news release, such factors include, among
others, uncertainties with respect to actual results of current
exploration activities; uncertainties inherent with conducting
business in foreign jurisdictions where corruption, civil unrest,
political instability and uncertainties with the rule of law may
impact the Company’s activities; accidents, labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals for exploration activities; opposition by
social and non-governmental organizations to exploration activities
and mining operations; unanticipated title disputes; claims or
litigation; increased costs and physical risks, including extreme
weather events and resource shortages, related to climate change;
cyber-attacks and other cybersecurity risks; as well as those risk
factors discussed or referred to in any other documents (including
without limitation the Company’s most recent Annual Information
Form) filed from time to time with the securities regulatory
authorities in all provinces and territories of Canada and
available on SEDAR+ at www.sedarplus.ca. The reader has been
cautioned that the foregoing list is not exhaustive of all factors
which may have been used. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in Forward
Looking Statements, there may be other factors that cause actions,
events or results not to be anticipated, estimated or intended.
There can be no assurance that Forward Looking Statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company’s Forward Looking Statements reflect current expectations
regarding future events and speak only as of the date hereof.
Unless required by securities laws, the Company undertakes no
obligation to update Forward Looking Statements if circumstances or
management’s estimates or opinions should change. Accordingly,
readers are cautioned not to place undue reliance on Forward
Looking Statements.
Figures accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/df4255d3-35f5-417e-8b69-f7d76ec1ad70
https://www.globenewswire.com/NewsRoom/AttachmentNg/36677565-b7a5-4f0e-b1a9-73a11123ba5c
https://www.globenewswire.com/NewsRoom/AttachmentNg/d8e94605-c558-49c2-ad83-8e0b6cea26c1
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