Everest Metals Corporation Ltd Launches Drilling at Mt Dimer Taipan Project, Unveiling Maiden 48,545oz Gold Resource and Paving Way for H2 2025 Production
Tuesday, May 27, 2025
at
8:14 am
Everest Metals Corporation Ltd has kicked off reverse circulation drilling at its Mt Dimer Taipan Project in Western Australia. The campaign targets promising gold anomalies, with mining approvals expected mid-2025 and production set for H2 2025, bolstering prospects for a lucrative open-pit operation.
Everest Metals Corporation Ltd has initiated a reverse circulation drilling campaign at its Mt Dimer Taipan Project in Western Australia, targeting several high-priority gold anomaly zones. The program will test four key targets identified through a combination of geochemical data and advanced satellite imagery. The project already underpins its potential with a maiden inferred mineral resource of 722,000 tonnes grading 2.10 g/t gold, which translates to around 48,545 ounces of gold. Drilling holes, ranging between 100 and 120 meters, are underway with completion scheduled by the end of May 2025 and assay results expected by mid-July 2025.
The exploration approach integrates multiple technical indicators, including geochemical soil sampling that returned values up to 430 ppb gold and advanced satellite processing from WorldView-2, ASTER, and Sentinel-2. These data sets have been used to map hydrothermal alteration minerals, iron oxides, and silica intensity zones that are critical markers for orogenic gold systems. The integration of these geological and geospatial data sets is designed to expand the known mineralisation and potentially connect the mineralised corridor within the project area.
In parallel, Everest Metals Corporation Ltd is advancing its mining proposal for the Mt Dimer Taipan Project. The proposal has undergone extensive environmental, geotechnical, and hydrogeological studies, with key permits in place including a vegetation clearing permit and an application for a groundwater license. Mining operations, potentially based on a profitable open pit model with toll-treated ore processing at a nearby Kalgoorlie mill, are anticipated to commence in the second half of 2025 following the expected mid-2025 mining approvals.
From a market sentiment perspective, the news can be viewed in a bullish light for the company. The commencement of drilling on a project with an established maiden resource, along with the advanced use of integrated satellite and geochemical analyses, suggests growth potential and a clear path toward production. The ongoing negotiations for toll treatment and the proactive environmental and regulatory strategy further support a positive outlook. Conversely, cautious investors might note the inherent exploration risks and the dependency on assay results for confirming resource continuity, which could temper enthusiasm if results fall short of expectations.