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Unity Metals Limited (ASX:UM1)

ALERT: Price-sensitive ASX Announcement for UM1
Current share price for UM1 : $0.115 0.015 (15%)+
Announcement
Release
24 Jul 2026 8:43AM
Price at Release
$0.100
Full Release
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Summary
Unity Metals Limited announced significant gold finds at their O'Phlay Gold Project in Cambodia. The first diamond drill hole, 26DDCM001, revealed 40 meters at 1.9 grams per tonne, including 5 meters at a higher grade of 10.5 grams per tonne. This mineralisation is linked to quartz-arsenopyrite veins in diorite. The results have prompted plans to extend the initial 3,000-meter drilling program. Located near historical mining sites, the project benefits from a GAIP anomaly. Unity holds an 85% interest in the licenses and is expanding its exploration efforts in Southeast Asia, targeting both gold and copper.
Key Points
  • Unity Metals Limited reported significant gold mineralisation in its first drill hole at the O'Phlay Gold Project in Cambodia.
  • The first hole, 26DDCM001, intersected 40 meters of gold at 1.9 grams per tonne, including a higher-grade section of 5 meters at 10.5 grams per tonne.
  • The mineralisation is associated with quartz-arsenopyrite veins within diorite, open at depth and along strike.
  • A 3,000-meter, 21-hole diamond drilling program is underway, with assays pending for additional holes.
  • Unity plans to extend the drill program based on the promising results from the first hole.
  • The O'Phlay project is located near historical open-pit and underground gold mining sites and coincides with a Gradient Array Induced Polarisation (GAIP) anomaly.
  • The company holds an 85% interest in the exploration licenses for O'Phlay and other projects in Cambodia.
  • Unity Metals is focused on gold and copper exploration in Southeast Asia, including projects in Thailand.
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.