Dart Mining to begin Unicorn resource upgrade drilling in Australia

21 March 2012 (Last Updated March 21st, 2012 18:30)

Dart Mining will begin a resource upgrade drilling programme at the Unicorn Molybdenum Project in Victoria, Australia, at the end of this month.

Dart Mining will begin a resource upgrade drilling programme at the Unicorn Molybdenum Project in Victoria, Australia, at the end of this month.

The Phase 1 reverse circulation (RC) programme will involve drilling 15 holes to enable the current JORC Indicated Resource to be upgraded into the measured category.

Under the programme, the southern margin of the mineralisation - forming the high wall of any potential future open pit - will be tested for the first time to determine the optimal pit size and allow for a significant increase in resource tonnes.

The southern mineralised breccia, sediments and rhyolite surrounding the Unicorn porphyry will be tested under the resource upgrade drilling.

The drill holes will be used for Phase 2 diamond tail drilling as pre-collars for the planned holes to 450m and deeper.

A significant IP anomaly on the north western slope of the Unicorn deposit will also be tested as part of the drilling program.

Dart Mining managing director Lindsay Ward said: "Dart Mining is very pleased to have again secured the services of Techdrill Services Pty Ltd to continue the development drilling of the Unicorn project."

She added: "The IP anomaly represents a great opportunity to better understand the proven cluster nature of Climax style porphyry's like Unicorn."