ASX:DKM

2 stories mentioning ASX:DKMUpdated 45d ago

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Duketon Mining's Geochemical Targeting Method Proving Effective, Applied to Around 30% of Granted Tenure, Euroz Hartleys Says

Duketon Mining's (ASX:DKM) geochemical targeting method is proving effective but has only been applied to around 30% of the granted tenure, indicating potential for further discovery, Euroz Hartleys said in a Wednesday note.The firm's drilling program at the Barlee gold project in Western Australia confirmed consistent, shallow gold mineralization across multiple prospects, with Gromit delivering the strongest result of 30 meters at 1.1 grams-per-tonne grade of gold from 12 meters. Mineralization remained open in all directions.Strong mergers and acquisition activity in the Southern Cross district, led by Forrestania Resources' (ASX:FRS) consolidation strategy, highlighted Barlee's strategic position and underscores the potential for future discoveries.The investment firm retained its speculative buy recommendation and AU$0.75 per share price target on Duketon Mining.

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Asia52d ago

Duketon Mining's Maiden Drilling at Western Australia Gold Project Returned Encouraging Results, Euroz Hartleys Says

Duketon Mining's (ASX:DKM) maiden drilling at the Barlee gold project in Western Australia returned promising initial results that highlight its "strong regional position within a proven gold district," Euroz Hartleys said in a Wednesday note.Intersections at the Astro prospect include 24 meters at 0.8 grams per tonne grade of gold from 24 meters, eight meters at 0.8 g/t from 52 meters, and seven meters at 0.7 g/t from 76 meters. Additionally, near-surface results at the Gromit prospect include four meters at 0.5 g/t from 16 meters, and eight meters at 0.3 g/t from 28 meters.Roughly 70% of the current Barlee tenure is still untested by ultra-fine fraction geochemistry, and an additional 12 kilometers of prospective strike to the south is under application, which shows "substantial scope to expand the project," Euroz Hartleys said.Gold-related merger and acquisition activity across the Southern Cross district has been prolific, and any potential discoveries at Barlee "could be highly value‐accretive and may attract future corporate interest," the investment firm said.Euroz Hartleys maintained a speculative buy rating on Duketon Mining with a price target of AU$0.75 per share.Duketon shares shed 8% in recent Wednesday trade.

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