Dundas Minerals Ltd (ASX:DUN) managing director Shane Volk tells Proactive the company has acquired two advanced stage gold exploration projects, each with an established mineral resource and both within 60 kilometres of Kalgoorlie and less than 30 kilometress north of the Paddington gold plant.
The two projects are Windanya with a 25,000-ounce inferred resource and Baden-Powell/Scotia with a 23,000-ounce inferred resource. Volk says there has been limited modern exploration across much of the project areas – especially for undercover gold deposits - and that’s where he sees the opportunity for Dundas.
Volk said, “The option to acquire these advanced stage gold exploration projects in the Kalgoorlie region of Western Australia is an exciting opportunity for Dundas Minerals. Horizon has been undertaking a well-publicised divestment of its exploration projects as the company moves to mine development.
“Given the competition for these projects, Dundas is pleased that Horizon viewed us as a worthy partner. We are keen to commence the first phase of exploration in coming weeks. Being so near to Kalgoorlie, the Goldfields Highway, and several gold plants, the economics of advancing a gold deposit from within these project areas into production, and generating income for the Company are favourable”.
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