Everest Metals (ASX:EMC) has completed a 3,078m grade control drilling program at its Mt Dimer Taipan Gold Project in Western Australia.
The company reports multiple ‘high‑grade’ gold intersections from 85 reverse circulation holes, including 7m @ 16.10 grams per tonne gold from 9m in hole TPG0110, including 2m @ 43.60g/t gold from 10m.
Other significant results are as follows:
- 12m @ 6.20g/t gold from 10m in hole TPG0086, including 4m @ 15.80g/t gold from 10m
- 6m @ 8.30g/t gold from 17m in hole TPG0105, including 2m @ 17.80g/t gold from 19m
- 6m @ 7.60g/t gold from 22m in hole TPG0066, including 2m @ 15.80g/t gold from 23m
- 4m @ 12.90g/t gold from 14m in hole TPG0069
The grade control program was designed to support mine planning and optimisation at the base of the Mt Dimer pit at approximately 450m reduced level within the current pit design.
Mining activities continue under the Right to Mine Agreement with MEGA Resources, with more than 90,000 tonnes of mineralised material delivered to the ROM pad since operations commenced in January.
The Mt Dimer Taipan deposit hosts an inferred mineral resource estimate (MRE) of 722,000 tonnes at 2.10g/t gold for 48,545 ounces of gold and 3.84g/t silver for 89,011 ounces of silver.
CEO Mark Caruso says the results provide further confidence in both the geological model and continuity of mineralisation within the Mt Dimer Taipan pit.
“The drilling has generated valuable data that will support ongoing mine planning, ore scheduling, and the upcoming Mineral Resource update,” Caruso says.
Several holes were extended beyond the interpreted limits of known mineralisation to test for potential extensions at depth.
The company targets an updated MRE for Q3 2026. The initial mining campaign aims to extract approximately 200,000 tonnes of ore for toll‑treatment processing at a nearby facility.
Everest Metals is a Western Australian explorer advancing a portfolio of gold, silver, base metal, and critical mineral projects, including the Revere Gold Project and Mt Edon Critical Metal Project.
Write to JC Villarba at Mining.com.au
Images: Everest Metals
