Dart Mining exposes further prospectivity of Unicorn, Morgan corridor

Dart Mining (ASX: DTM) has uncovered additional magnetic and topographic anomalies within the Unicorn-Morgan structural corridor in northeast Victoria following a review of regional geochemistry. 

The anomalies defined from the review highlight the highly prospective nature of the intersection of the Zulu and Unicorn-Morgan structural corridors, an area of some 400 square kilometres.

The Unicorn-Morgan structural corridor contains a number of unexplored topographic highs and multiple discrete spot magnetic highs that could potentially lead to further discoveries of other mineralised porphyritic stocks similar and in close proximity to Dart’s Unicorn molybdenum-copper-silver deposit.

The Unicorn Deposit has a JORC Resource of 105 million tonnes Indicated and Inferred at 0.07% molybdenum equivalent. 

Dart is currently evaluating the application of a heli-borne, geophysics survey over an area covering approximately 18 kilometres by 10 kilometres, corresponding with the Unicorn-Morgan corridor.

A geochemical signature review of the Morgan Porphyry prospect, which lies just 7 kilometres from the Unicorn Deposit, suggests that previous drilling has only passed through the upper part of an extensive mineralised system.

A 3 kilometre by 2 kilometre soil grid across Morgan has shown extensive anomalous zones of Tin, Bismuth and Tellurium – in addition to molybdenum, copper, silver and gold.

An interesting gold anomaly has also been identified around the Cattlemen’s Creek area, the source of which is not yet known.

The highly anomalous bulk leach extractable gold sample yielded a result of 156 parts per billion gold, where 10 parts per billion is normally considered anomalous.

Dart plans to explore this anomaly in coming months through further infill sampling and prospecting to identify the source and its significance.


Unicorn Potential

Earlier this month, the company received preliminary results from an ongoing Scoping Study of metallurgical test work for the Unicorn Deposit which show high recoveries of 92.3% molybdenum, 96.1% copper and 82.6% silver.

Another plus from the Scoping Study is that saleable grades of 51% molybdenum and 23% copper plus silver concentrates were produced and with further test work it is expected that the metal percentages, especially copper, can be improved.

Importantly, these early results improve the Unicorn development potential.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/22787/dart-mining-exposes-further-prospectivity-of-unicorn-morgan-corridor--22787.html