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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.011 -0.009 (-45%)+
Announcement
Release
18 Mar 2026 8:18AM
Price at Release
$0.020
Full Release
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Summary
Diablo Resources Limited announced the identification of high-priority drill targets at the North Star Prospect within its Star Range Silver-Antimony Project located in Beaver County, Utah. The identification of these targets follows an Induced Polarisation (IP) survey which revealed significant chargeability and conductivity anomalies associated with known mineralisation and high-grade surface sampling of silver and antimony. The survey highlights potential for the discovery of concealed mineralised zones along an intrusive-sediment contact, with plans to initiate a maiden drill program in Q2 2026. The project area, covering approximately 5,242 acres, remains untested by drilling, offering a first-mover opportunity. This development aligns with Diablo's strategy to secure reliable supplies of critical minerals in the United States.
Key Points
  • IP survey completed at North Star Prospect identifies priority drill targets.
  • Targets coincide with high-grade surface sampling of up to 3,000 g/t Ag and 0.7% Sb.
  • Drill targets are related to the STAR-01 magnetic anomaly and located near intrusive-sediment contact.
  • Maiden drill program planned to commence in Q2 2026.
  • The Star Range Project consists of 238 claims and one Utah TLA lease.
  • The project area is easily accessible and located near historical mining operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.