Highlights

  • Completed Priority 1 soil geochemistry program at Gold Ridge Prospect, Bondoukou Gold Project, Côte d’Ivoire.
  • Collected 2,241 primary soil samples plus 120 QA/QC samples, covering ~4.5 km of a ~9.5 km interpreted gold corridor.
  • Historical rock-chip results include grades up to 17.95 g/t Au.
  • Soil geochemistry results expected to support the definition of first-pass drill targets.
  • Daily share price surge of 27.27% to $0.084, with volume of 1.91 million shares traded.
  • Market capitalisation currently $21.79 million.

Dalaroo Metals’ (ASX:DAL) Bondoukou Project lies in the Birimian Greenstone Belt of Côte d’Ivoire, one of West Africa’s most prolific gold provinces. The region is characterised by:

  • Extensive greenstone belts with high structural complexity.
  • Shear zones and lithological contacts controlling gold mineralisation.
  • Numerous artisanal gold workings, indicating near-surface gold occurrences.

The Gold Ridge Prospect specifically contains a ~9.5 km long structural corridor, interpreted from aeromagnetic data and surface exploration, with high-grade gold anomalies along strike.

Priority 1 Soil Geochemistry Program

The Priority 1 program targeted the south-eastern strike extension of known gold anomalism:

  • Grid spacing: 200m (line) × 50m (sample).
  • Samples collected: 2,241 primary + 120 QA/QC.
  • Targeted area: ~4.5 km of the ~9.5 km interpreted corridor.
  • Objective: Identify coherent gold anomalies for trenching, auger, and maiden RC drilling programs.

Geological Observations

  • Metasedimentary units dominate the Priority 1 area.
  • Alteration indicators such as hematite, goethite, limonite, and quartz fragments detected, consistent with weathered hydrothermal systems.
  • Dingbi artisanal site sampled with 28 channel and 4 grab samples, helping define geometry and strike of gold mineralisation.

Priority 2 and Next Steps

  • Field crews are now advancing Priority 2 (north-western) soil program.
  • Upcoming catalysts:
    • Receipt of assay results from Priority 1.
    • Identification of strike-coherent gold anomalies.
    • Integration of assays with geology, structural interpretation, and artisanal workings.
    • Trenching and auger programs, followed by first-pass RC drilling.

Management Commentary

CEO John Morgan:

“Completing Priority 1 soil sampling at Gold Ridge is a milestone in unlocking the scale potential of Bondoukou. Over 2,000 samples submitted for analysis and Priority 2 underway, we are entering an exciting phase to define our first drill targets.”

Country Manager & Exploration Manager – Côte d’Ivoire, Frank Twum-Berima Bosompem:

“Systematic sampling confirms continuity of highly prospective structures associated with historical artisanal workings, quartz veining, and widespread alteration. Assay results from Priority 1 are pending, and Priority 2 is advancing well.”

Share Performance and Market Context

  • Last price: $0.084
  • Daily change: +$0.018 (+27.27%)
  • Volume: 1,911,423 shares
  • Bid/offer: $0.084–$0.085
  • Market cap: $21.79 million

The sharp share price increase highlights investor enthusiasm for exploration progress and potential near-term drilling results.

Conclusion

Dalaroo Metals Ltd (ASX:DAL) has successfully completed the first phase of its systematic soil geochemistry program at Gold Ridge, Côte d’Ivoire, marking a significant step toward first-pass drill campaigns. Positive geological indicators and the high-resolution sampling program position Bondoukou as a highly prospective gold project in a world-class Birimian gold belt.