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Desert Metals Limited (ASX:DM1)

ALERT: Price-sensitive ASX Announcement for DM1
Current share price for DM1 : $0.010 0 (0%)+
Announcement
Release
12 May 2026 8:22AM
Price at Release
$0.010
Full Release
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Summary
Desert Metals Limited has extended the Tiogo gold corridor to over 1.5km through a successful aircore drilling program. This program aimed to expand the understanding of the mineralisation both to the north and south of the previously identified corridor. The drilling comprised seven lines, with some showing significant gold mineralisation, confirming the continuity of the Tiogo gold system. Several high-grade intercepts were noted, including standout results such as 4m at 19.48g/t gold from 42m. The geological interpretation suggests that the highest-grade parts of the system may lie below the current drilling depth, suggesting further exploration potential. The company plans to extend drilling coverage and undertake RC drilling to explore deeper mineralisation.
Key Points
  • Tiogo gold corridor extended to over 1.5km.
  • Seven lines drilled to test and expand the mineralised corridor.
  • Significant gold mineralisation confirmed, including 4m at 19.48g/t gold.
  • Geological interpretation indicates potential for high-grade mineralisation at greater depths.
  • Plans for further drilling to explore deeper mineralisation.
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.