Dampier extends geochemical targeting in WA Goldfields

Dampier Gold looks set to launch into a second phase of a geochemical targeting program across its Credo Well project north of Kalgoorlie, in the Eastern Goldfields of WA. Drilling and sampling across the priority gold target has highlighted a north-west trending gold structure which extends over more than 500m of strike, with better drill results including an impressive 3m at 15.8 grams per tonne gold, hosting 1m at a stunning 46 g/t gold.

The company’s previous program of geochemical sampling at Credo proved highly-successful, with soil sampling returning results of up to 193ppb gold and delineating two key targets for drill testing – Credo Well and Credo Well North. First-pass RC drilling at these two targets yielded shallow resources of a combined 86,519 tonnes at 4.41 g/t gold. The two Credo discoveries look set to grow in the coming months as follow up, systematic drilling kicks off in the new year.

Whilst drilling has begun to scratch the surface at Credo, the company has identified a “high-grade gold corridor” at the project which remains open along strike and is set to be the target of the upcoming sampling program. Dampier will undertake sampling along the north-western and south-eastern extensions of the corridor, extending the company’s geochemical coverage out to the tenement’s boundary in both directions as it searches for repetitions of the Credo Well mineralising structures.

The Credo gold project lies 35km north-west of the gold mining centre of Kalgoorlie in Western Australia. The project is a joint venture between Dampier and Torian Resources and lies to the north-east of Dampier’s flagship Zuleika Shear gold project.

Curiously, the Credo project also sits a mere 8km to the west of the massive multi-million-ounce Paddington gold mine.

Gold mining at Credo dates back to the late 1800s when artisanal miners plundered the rich, gold-bearing quartz-sulphide reefs which outcrop through the project area. Early exploration by Dampier has identified a swag of potential drill targets across the tenure with initial exploration of the Credo Well targets delivering early success.

The company has interpreted the Credo high-grade gold corridor to extend over more than 4km of strike and with less than 1km of the structure tested by surface sampling or drilling, there appears to be plenty of runway left to make additional discoveries.

With sampling set to kick off in the coming days, Dampier will no doubt be sweating on the results as the WA summer heats up and the company looks to put its rigs back on the ground in early 2021.

Sources:
https://www.businessnews.com.au/article/Dampier-locks-in-6-million-for-WA-exploration
https://thewest.com.au/business/public-companies/dampier-locks-in-6-million-for-wa-exploration-c-1728043