Announcement Date: 2022-09-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Dalaroo Metals Ltd.
Project name: Lyons River
Location: Australia
Commodities: Silver,Lead,Zinc
Highlight: Drilling results incl. 20m at 0.59% Pb, 0.31% Zn, 1.8g/t Ag from 32m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Dalaroo Metals Ltd (ASX: DAL or “Company”) has recently completed an AC drilling program which has outlined new and significant BHT/SEDEX-style Pb-Zn-Ag mineralization at the Browns prospect (Figure 1). Browns is one of six Pb-Zn soil geochemical prospects identified from large systematic soil geochemical programs (sample spacing 250 X 50-100m) at Lyons River within a Proterozoic Age basin setting covering an area of 30 km by 10 km. Lyons River comprises a strategic (100% owned) land position of 703 km2 within the Paleoproterozoic Mutherbukin Zone of the Gascoyne Province. The significant Pb-Zn AC results from Browns further confirm that Lyons River has potential to host multiple Pb-Zn discoveries and is emerging as a new Broken Hill Type (BHT) / Sedimentary Exhalative (SEDEX) deposit setting in Western Australia (Figure 5). Detailed gravity surveys (200m X 50m spacing), completed by the Company in the second half of 2021, complemented historical surveys by BHP and show a coincident gravity low suggesting an area of possible deepening basin development at Browns. The northern part of the Browns coincident Pb and Zn soil geochemical anomaly appears to lie at the intersection of two NW-SE striking parallel features identified within the magnetics/gravity data that are interpreted as thrust structures (Figure 2).
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