DPM Metals (ASX:DPM) said it has made a high-grade gold-copper porphyry discovery at its Brevene South target in Bulgaria, adjacent to the Chelopech mine concession, according to a company statement released Wednesday after market hours.

Initial drilling confirmed broad, continuous mineralization, including 713 meters at 2.5 grams per tonne gold equivalent and a higher-grade core of 398 meters at 3 grams per tonne gold equivalent.

Additional drilling intersected 95 meters at 0.9 grams per tonne gold equivalent and 37 meters at 1.2 grams per tonne gold equivalent, with several holes still in progress.

The discovery remains open for expansion, with the company deploying five drill rigs and planning up to 15,000 meters of additional drilling through the year.