NewsStocksDiablo starts diamond drilling at Utah’s North Star silver-antimony prospect

Diablo starts diamond drilling at Utah’s North Star silver-antimony prospect

Author: The Market Online Australia·

Key Takeaways

  • Diablo Resources has started on-site diamond drilling at its North Star silver-antimony prospect in Utah.
  • The drill target includes an area that previously returned a rock sample of more than 3,000g/t silver, alongside other high-grade silver results and antimony concentrations.
  • The initial program is planned for five holes totalling 1,000m and may be expanded to 27 holes if warranted.
  • This is the first modern drill test at North Star and the first comprehensive subsurface data collection at the prospect.
  • The company says the drilling will help build an initial understanding of underground mineralisation and support broader exploration across Star Range and Horn Silver Mine.
Diablo starts diamond drilling at Utah’s North Star silver-antimony prospect

Diablo Resources (ASX: DBO) has started on-site diamond drilling at its North Star silver-antimony prospect in Utah, United States, with rigs now operating in an area that has already produced high-grade rock sample anomalies.

The company is drilling a target within the prospect area that previously returned a rock sample result of more than 3,000g/t silver, equivalent to about 98 ounces per tonne assuming uniformity. Earlier this year, other rock samples from the same area returned grades of more than 1,590g/t, 2,300g/t and 1,243g/t silver. Those samples also recorded coincident antimony concentrations.

The program that began on Wednesday is planned to start with five holes for a total of 1,000m and may be expanded if results continue to support further work. Diablo has existing approvals to increase the program to as many as 27 holes.

The drilling represents the first modern drill test at the North Star prospect and the first subsurface geodata collection to be carried out thoroughly on site. That makes the campaign an important step in moving beyond surface sampling and into direct testing of what lies below the anomalous rock results, with the company saying the work should provide geotechnical information to help build an initial understanding of underground mineralisation at North Star.

North Star sits within Diablo’s larger Star Range project, which the company describes as its largest landholding in Utah. Diablo also remains focused on the nearby Horn Silver Mine project, highlighting the broader exploration footprint it is building in the district.

“With drilling underway at Star Range and ownership consolidated at Horn Silver, Diablo is well positioned to accelerate exploration across both projects,” Diablo Resources CEO Lyle Thorne said.

“Our U.S. exploration team is excited … Star Range continues to demonstrate strong potential across multiple target zones, and this program will provide important subsurface data to guide the next phase of exploration.”

The material provided in this article is for information only and should not be treated as investment advice. Readers should conduct their own research and consult a certified financial adviser before making any investment decisions.