Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Investing

Thick zones of HM mineralisation observed across Douala HM Project

by Invest Daily Pro
June 23, 2025
in Investing
0
Thick zones of HM mineralisation observed across Douala HM Project
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”) is pleased to announce the initial visual estimations from the reconnaissance exploration program at the Douala Basin HMS Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground- truthing. The reconnaissance programme, which consisted of hand auger and channel sampling, was successful in identifying high estimated concentrations of heavy mineral (HM) mineralisation across all the six tenements that make up the project. Additionally, the Company’s consultants have observed the presence of natural rutile grains within panned concentrates.

HIGHLIGHTS

  • The Company’s reconnaissance auger and channel sampling programme has been completed at the Douala Basin HMS Project
  • Reconnaissance sampling undertaken across the 6 Douala Basin tenements has identified thick zones of high estimated concentrations of heavy minerals (HM) as well as natural rutile
  • Work at the Douala Basin Project followed up on historical HM occurrences identified by previous Eramet drilling, as well as priority areas identified through the Company’s internal reviews
  • Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
  • At Douala Basin, exploration will transition to a detailed campaign of auger drilling

Samples collected from this initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in the September quarter.

Technical Consultant, Cliff Fitzhenry, commented:“While the Company’s primary focus is on the Central Rutile Project, where we have recently reported the presence of wide-spread residual natural rutile mineralisation, we believe that the Douala Basin HMS project has significant potential. The reconnaissance programme has over the last few weeks demonstrated the potential of the area, with the identification of high concentrations of visible heavy mineral sands across the project tenements through a mixture of auger, channel, and soil sampling work. Pleasingly, we have also observed natural rutile grains at Douala Basin.

We look forward to the assay results of the reconnaissance programme in the coming months.”

Reconnaissance exploration at the Douala Basin HMS Project

As announced on 5 June 2025, the Company commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. At the Douala Basin project, the Company has completed 12 hand auger drill holes (refer Figure 1), collecting 53 samples in the process, as well as collected 38 channel samples from 11 surfaces for analysis (refer Tables 1 & 2).

Cautionary Statement:

The Company cautions that, with respect to any visual mineralisation indicators, visual observations and estimates of mineral abundance are uncertain in nature and should not be taken as a substitute or proxy for appropriate laboratory analysis. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results from the drilling and sampling programmes will be required to understand the grade and extent of mineralisation. Initial assay results are expected in August 2025.

Click here for the full ASX Release

This post appeared first on investingnews.com

ShareTweetPin

Related Posts

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit
Investing

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub
Investing

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

June 22, 2025
Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather
Investing

Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather

June 22, 2025
Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump
Investing

Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

June 21, 2025
Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win
Investing

Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win

June 21, 2025
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
Investing

Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

June 20, 2025
Next Post
US Strikes Iran:  What Comes Next For Stocks?

US Strikes Iran: What Comes Next For Stocks?

Recommended

Board of Investments calls for passage of law making ‘green lane’ scheme more permanent

Board of Investments calls for passage of law making ‘green lane’ scheme more permanent

September 24, 2024
NEDA says PHL needs to benchmark number of holidays against neighbors

NEDA says PHL needs to benchmark number of holidays against neighbors

August 25, 2024
Survey Unveils UK Workers’ Desk-Break Habits Amid Mental Health Worries

Survey Unveils UK Workers’ Desk-Break Habits Amid Mental Health Worries

December 19, 2024
Congressman seeks e-sabong revival to boost state revenue

Congressman seeks e-sabong revival to boost state revenue

August 6, 2024
Gatwick sees 7.7% passenger increase as short-haul demand surges

Gatwick sees 7.7% passenger increase as short-haul demand surges

August 23, 2024
Top 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

Top 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

March 8, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved