Financial Focus Live
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Financial Focus Live
No Result
View All Result
Home Investing

Thick zones of HM mineralisation observed across Douala HM Project

admin by admin
June 23, 2025
in Investing
0
Thick zones of HM mineralisation observed across Douala HM Project
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”) is pleased to announce the initial visual estimations from the reconnaissance exploration program at the Douala Basin HMS Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground- truthing. The reconnaissance programme, which consisted of hand auger and channel sampling, was successful in identifying high estimated concentrations of heavy mineral (HM) mineralisation across all the six tenements that make up the project. Additionally, the Company’s consultants have observed the presence of natural rutile grains within panned concentrates.

HIGHLIGHTS

  • The Company’s reconnaissance auger and channel sampling programme has been completed at the Douala Basin HMS Project
  • Reconnaissance sampling undertaken across the 6 Douala Basin tenements has identified thick zones of high estimated concentrations of heavy minerals (HM) as well as natural rutile
  • Work at the Douala Basin Project followed up on historical HM occurrences identified by previous Eramet drilling, as well as priority areas identified through the Company’s internal reviews
  • Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
  • At Douala Basin, exploration will transition to a detailed campaign of auger drilling

Samples collected from this initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in the September quarter.

Technical Consultant, Cliff Fitzhenry, commented:“While the Company’s primary focus is on the Central Rutile Project, where we have recently reported the presence of wide-spread residual natural rutile mineralisation, we believe that the Douala Basin HMS project has significant potential. The reconnaissance programme has over the last few weeks demonstrated the potential of the area, with the identification of high concentrations of visible heavy mineral sands across the project tenements through a mixture of auger, channel, and soil sampling work. Pleasingly, we have also observed natural rutile grains at Douala Basin.

We look forward to the assay results of the reconnaissance programme in the coming months.”

Reconnaissance exploration at the Douala Basin HMS Project

As announced on 5 June 2025, the Company commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. At the Douala Basin project, the Company has completed 12 hand auger drill holes (refer Figure 1), collecting 53 samples in the process, as well as collected 38 channel samples from 11 surfaces for analysis (refer Tables 1 & 2).

Cautionary Statement:

The Company cautions that, with respect to any visual mineralisation indicators, visual observations and estimates of mineral abundance are uncertain in nature and should not be taken as a substitute or proxy for appropriate laboratory analysis. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results from the drilling and sampling programmes will be required to understand the grade and extent of mineralisation. Initial assay results are expected in August 2025.

Click here for the full ASX Release

This post appeared first on investingnews.com

Previous Post

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Next Post

State Department issues worldwide caution for US travelers following Trump’s Iran strikes

Next Post
State Department issues worldwide caution for US travelers following Trump’s Iran strikes

State Department issues worldwide caution for US travelers following Trump’s Iran strikes

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 23, 2025
Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 20, 2025
Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

July 6, 2025
BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

April 22, 2025
Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

0
Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

July 13, 2025
Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

July 13, 2025
Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

July 13, 2025
Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

July 13, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Top News

    Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

    Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

    July 13, 2025
    Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

    Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

    July 13, 2025

    Latest News

    • Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout
    • Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025
    • Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

    About Financial Focus Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financialfocuslive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 financialfocuslive.com | All Rights Reserved