DMC Mining (ASX:DMM) zero on ‘compelling’ RAV targets
January 25, 2023Early-stage explorer DMC Mining will chase three high-priority nickel-cobalt targets highlighted at its RAV 9 and RAV 11 prospects, part of the Company’s Ravensthorpe Nickel Project in Western Australia’s south.
Drilling is hoped to get underway as soon as possible following telling electromagnetic ground survey data presenting magnetic anomalies ideal for hosting large areas of mineralisation.
“The compelling RAV 9 and RAV 11 conductive targets are the culmination of systematic and methodical exploration over the past 12 months,” Executive Director David Sumich said.
“We are highly encouraged to have identified them in a premier and productive nickel endowment region of WA,”
“Our exploration team is finalising the drill planning process, and we look forward to drilling as soon as possible.”
Price Action
The Company’s ASX-listed shares are 9.9c at pre-market Open.
Ravensthorpe Nickel Project – RAV 9 & RAV 11 targets & Geology
About the Ravensthorpe Nickel Project
The Ravensthorpe Nickel Project (DMC 100%, EL 74/669) is located in a highly prospective geological setting for nickel sulphide deposits (Figure 1). The Project has at least a 15km strike length of the Bandalup ultramafic rock, the target host rocks that are prospective for Kambalda-style nickel sulphide deposits.
The Project is well-serviced by roads, power, and other necessary mining infrastructure.
Fundamental Data
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