Everest Metals (ASX:EMC) has commenced a 2,000m reverse circulation drilling program targeting three anomalies at its Mt Dimer Exploration Project in Western Australia.
The program comprises 16 holes to depths of up to 120m on exploration tenement E77/2383, located 150km northwest of Kalgoorlie and 120km northeast of Southern Cross.
The Western Australian Government will reimburse up to 50% of direct drilling costs, capped at $145,000, under round 32 of its Exploration Incentive Scheme (EIS).
Everest says E77/2383 lies between Beacon Minerals’ (ASX:BCN) Mt Dimer Gold Mining Project and its own Mt Dimer-Taipan Gold Project, with the three areas hosting the same geological structure.
CEO Mark Caruso says the company believes the mineralised system being mined on the adjoining properties may extend into the exploration tenement.
“This EIS co-funded drilling program represents an exciting opportunity to advance exploration at the Mt Dimer Exploration Project, adjoining our 100%-owned Mt Dimer Taipan mining operation and Beacon Minerals gold mining operation, where there is a high level of geological confidence that the known mineralised gold system, which is currently being mined extends into the Mt Dimer Exploration Project area,” Caruso says.
A 2021 soil geochemical program returned assays of up to 430 parts per billion (ppb) Au and 420 parts per million (ppm) As, defining three coincident gold-arsenic-lead anomalies.
Scout drilling completed in May 2025 tested two anomalies. At Anomaly A, two holes drilled 350m apart returned 9m @ 0.33g/t gold (Au) from 13m in TE25-01 and 2m @ 0.34g/t Au from 17m and 3m @ 0.32g/t Au from 92m in TE25-02.
Everest associates the results with quartz veins hosted in clay-altered felsic volcanic rocks and interprets them as potentially related to a shear zone.
Drilling is expected to take two weeks, with Everest anticipating assay results in September 2026.
The adjoining Mt Dimer-Taipan Gold Project hosts an inferred mineral resource estimate of 722,000 tonnes containing 48,545 ounces of Au and 89,011 ounces of Ag.
Write to France Pinzon at Mining.com.au
Images: Everest Metals
