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Desert Minerals Ltd (ASX:DSM)

ALERT: Price-sensitive ASX Announcement for DSM
Current share price for DSM : $0.750 0.44 (141.94%)+
Announcement
Release
7 May 2026 8:42AM
Price at Release
$0.310
Full Release
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Summary
Desert Minerals Limited has announced the receipt of assay results from a 379-sample UltraFine⁺ soils program at the Mt Monger Gold Project, revealing strong gold anomalism with values up to 112 ppb. The results define a coherent north-northwesterly trend, known as the Titan anomaly, which alongside the Orion anomaly, suggests significant potential for new gold discoveries in structurally complex areas. The company plans to continue exploration efforts, focusing on infill soil sampling and surface mapping to refine drill targets. Desert Minerals is well-funded with $3.24 million available to support these exploration activities.
Key Points
  • Desert Minerals received assay results from UltraFine? soil sampling at Mt Monger Gold Project.
  • Strong gold anomalism, with values up to 112 ppb, defining Titan anomaly.
  • Titan anomaly forms a trend over 500m x 300m, coinciding with historical drilling results.
  • The Orion anomaly identified in the northern project area.
  • Plans for further exploration include infill soil sampling and surface mapping.
  • Desert Minerals well-funded with $3.24 million for exploration activities.
  • Executive Chairman highlighted success of UltraFine? technique in covered terrains.
  • Next steps focus on refining high-quality drill targets.
  • The Mt Monger Gold Project features a JORC-compliant mineral resource estimate.
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.