Dart acquired the Queensland-based project for a bargain $2 million from ASX-listed explorer Sunshine Metals. The purchase and surrounding land-grab stem from management’s belief that Triumph hosts a potential intrusion-related gold system, similar to the nearby Ravenswood deposit, which hosts more than 5 million ounces of gold.
The company launched an extensive nine-month diamond drilling campaign earlier this month with the first core being pulled from the Constitution prospect. Drilling is centred on extending the 56,000-ounce resource where previous standout hits of 10m at 26.9 g/t gold from 51m and 6m at 13.1 g/t gold from 96m have been returned.
Drilling will target other high priority prospects along the Southern Corridor aimed at expanding the 2.03g/t 118,000-ounce gold resource, including Big Hans, Super Hans and Bald Hill East, before turning to the resource growth prospects of Brigham Young and the historically productive Advance mine area.
While drilling operations have wrapped up for the year, Dart will no doubt be eagerly awaiting the assay results of the latest grab bag of intriguing rock chip samples. Depending on the results, 2025 could be one of Triumph for this ASX-listed junior explorer.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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