Duketon Mining Limited Concludes Inaugural RC Drilling at Killarney Gold Project: 17 Holes & 1,716m Drilled with High Sample Recovery; Assay Results Expected Soon

Wednesday, July 23, 2025
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8:10 am
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Duketon Mining Limited has wrapped up its first RC drilling campaign at the Killarney Gold Project, completing 17 holes with excellent recovery. Samples are now in the lab, with assay results expected in 4–6 weeks, setting the stage for further project exploration.

Duketon Mining Limited has completed its first reverse circulation drilling program at the Killarney Gold Project, executing 17 drill holes for a combined total of 1,716 metres. The program, aimed at testing several gold targets, reached a maximum depth of 148 metres in each hole and achieved high sample recovery. Drilling beneath the historical Killarney pit revealed a shallow surface weathering profile that quickly transitioned into fresh, metamorphosed coarse-grained gabbro. Multiple zones showing heavy weathering and the presence of quartz veining were encountered down plunge from the pit’s mineralised structure. The technical approach employed reverse circulation drilling with a face sampling hammer and a nominal drill diameter of 140mm. Detailed logging of each hole, including dip, azimuth, and true drilling depths, ensures that the data collected meets industry standards. Samples have been carefully packaged and transported to an assay laboratory, and results are expected within 4 to 6 weeks. The drilling grid was executed with a spacing of approximately 20m by 20m, and all holes were oriented to intersect the mineralised structures, which are consistent with Archean gold quartz vein mineralisation typically hosted within mafic rock contexts. The successful completion of the drilling program, with all holes meeting their target depths and high-quality sample recovery, is a strong indicator of the project’s potential. However, while the technical execution has been robust, the real test of the project’s viability lies in the forthcoming assay results. Without this data, the true scale and grade of the gold mineralisation remain uncertain, which introduces an element of risk. Bullish vs Bearish Sentiment: The recent drilling success and disciplined technical approach signal a bullish outlook for Duketon Mining Limited, suggesting that the Killarney Gold Project could provide significant exploration upside once assay results are confirmed. Conversely, the delay in assay outcomes and the lack of evidence for mineralisation extension in some areas present bearish concerns, as the full economic potential of the project is not yet realized. Investors are advised to remain cautious until the laboratory results provide clearer insights into the project’s prospects.

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