Dart Mining is hoping to carry out a drilling program to upgrade its resources at the Unicorn Deposit located in north east Victoria. The Australian Securities Exchange listed company has hired drilling contractor Techdrill Services to help with the drilling program.
The exploratory drilling is to be undertaken in the upper 250 meters of the desposit. It will be carried out between existing drill holes so as to upgrade the current indicated and Inferred resources at the Unicorn Deposit. The program is to start in end February and will also test the southern margin of the mineralization that would form the high wall of a future open pit mine at the location.
The Unicorn Deposit is said to be geologically similar to the Henderson molybdenum mine in Colorado, USA, the flagship project for Dart Mining. The company also has two more gold projects which include Mountain View and Fairley.
The maiden Indicated and Inferred Resource at Unicorn of 105 million tonnes at 0.07% molybdenum equivalent does not include mineralisation surrounding the porphyry. The southern mineralised breccia, sediments and rhyolite surrounding the Unicorn porphyry will be tested in the new exploratory drilling scheduled for February.
The updated resources results should be available by this September. After that follow up work of infill stream sediment sampling and targeted soil sampling traverses across individual anomalies will continue in 2012.