DPM Metals (ASX:DPM) said it identified new high-grade intercepts from the Chelopech Wedge Zone Deep prospect of its Chelopech mine in Bulgaria, according to a Thursday filing.

The results were of up to 58 meters at 15.28 grams per tonne gold equivalent, comprising 14.58 g/t gold, 0.67% copper, and 26.93 g/t silver from 449 meters downhole.

The company said the mineralized zone has been defined over about 170 meters along strike, 130 meters in width, and 300 meters in vertical extent, with drilled gold grades well in excess of the existing Chelopech mine gold reserve grade of 2.18 grams per tonne.

The Wedge Zone Deep target remains open along strike and down-dip, with further drilling planned for the rest of the year and an initial mineral resource estimate targeted by year-end as part of the Chelopech annual mineral resource and reserve update, the filing added.