TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce a maiden Mineral Resource Estimate of 1.78 million ounces for its 100% owned ?oka Rakita gold project in eastern Serbia, where DPM announced a high-grade discovery in January 2023.

Highlights

Strong maiden Mineral Resource estimate: Inferred Mineral Resource estimate (“MRE”) of 9.79 million tonnes (“Mt”) at a grade of 5.67 grams per tonne (“g/t”) for 1.78 million ounces of gold. The maiden MRE was completed after only one full year of drilling on the project and is based on approximately 80,723 metres of drilling in 173 holes.
Higher-grade core of mineralization: The MRE contains a significant portion of gold ounces within a continuous high-grade core of mineralization that amounts to 2.81 Mt at a grade of 10.12 g/t Au for 0.914 million ounces of gold. Once sufficient drilling has been completed to upgrade the Mineral Resource confidence, this higher-grade core has the potential to drive strong economics by accessing higher than average grades during the early years of a mine plan.
Upside exploration potential: DPM is continuing its drilling program focused on extending the limits of ?oka Rakita, which remains open to the northeast and to southwest, and is also aggressively pursuing additional skarn targets on the ?oka Rakita licence as well as on three additional licences to the north and the south. see & read more on
https://www.dundeeprecious.com/English/Corporate-News/press-release-details/2023/Dundee-Precious-Metals-Announces-High-Grade-Underground-MaidenMineral-Resource-Estimate-of-1.8-Million-Inferred-Gold-Ouncesat-its-oka-Rakita-Project-in-Serbia/default.aspx