New development Canadian miner Dundee Precious Metals has announced it has obtained new assay results from the company’s ongoing infill drilling program at Čoka Rakita in eastern Serbia.
The Canadian company recently unveiled there “an Inferred mineral resource estimate of 1.8 million ounces of gold. The Company also reported results from the scout drilling program at the Dumitru Potok and Frasen prospects, which are located on the Čoka Rakita licence and are approximately 1.0 to 1.5 kilometres north of the Čoka Rakita deposit,” Dundee Precious Metals said in a statement.
“We are on track to complete the preliminary economic assessment in the second quarter of 2024, and we are planning continued aggressive exploration at Čoka Rakita and on the surrounding licences to generate new discoveries,” said David Rae, the president and CEO of Dundee Precious Metals.