Duketon Mining's Geochemical Targeting Method Proving Effective, Applied to Around 30% of Granted Tenure, Euroz Hartleys Says

MT Newswires Live

07/01

Duketon Mining's (ASX:DKM) geochemical targeting method is proving effective but has only been applied to around 30% of the granted tenure, indicating potential for further discovery, Euroz Hartleys said in a Wednesday note.

The firm's drilling program at the Barlee gold project in Western Australia confirmed consistent, shallow gold mineralization across multiple prospects, with Gromit delivering the strongest result of 30 meters at 1.1 grams-per-tonne grade of gold from 12 meters. Mineralization remained open in all directions.

Strong mergers and acquisition activity in the Southern Cross district, led by Forrestania Resources' (ASX:FRS) consolidation strategy, highlighted Barlee's strategic position and underscores the potential for future discoveries.

The investment firm retained its speculative buy recommendation and AU$0.75 per share price target on Duketon Mining.

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