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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.100 -0.018 (-14.89%)+
Announcement
Release
2 Jun 2026 8:19AM
Price at Release
$0.118
Full Release
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Summary
Hamelin Gold Limited has initiated a reverse circulation drilling program at its Day Dawn gold project in Western Australia's Paterson Province, aiming to explore and expand the high-grade Aurora Lode. The initial phase includes 35 holes for a total of 3,000 meters, focusing on verifying historical high-grade gold findings and assessing extensions to the Aurora Lode. Further exploration will include a second phase of RC drilling to test additional lodes and diamond drilling for deeper evaluation. The project is located near the significant Telfer gold-copper mine, and results from the Phase 1 drilling are anticipated in a few weeks.
Key Points
  • Hamelin Gold Limited (ASX:HMG) has commenced reverse circulation (RC) drilling at the Day Dawn gold project in the Paterson Province.
  • The initial drilling program consists of 35 holes covering 3,000 meters, focusing on the high-grade Aurora Lode.
  • Historical drill results at Aurora include significant gold intersections, such as 3 meters at 51.1 g/t Au from 35 meters in NTR57.
  • Phase 1 of the drilling aims to confirm geological interpretations and assess extensions of the Aurora Lode.
  • A second phase of RC drilling is planned to test additional parallel lodes and further expand the mineralised footprint.
  • The Day Dawn project covers an area of approximately 20 km², located 10 km northwest of the Telfer gold-copper mine.
  • Hamelin is developing an exploration model similar to the Telfer gold-copper deposit.
  • Assay results from the Phase 1 RC drill program are expected in 4-6 weeks.
  • Further diamond drilling is planned, co-funded by EIS, to evaluate deeper gold potential.
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.