en.Wedoany.com Reported - Everest Metals Corporation (ASX:EMC) has completed grade control drilling at the Mount Dimer Taipan Gold Project in Western Australia, once again encountering high-grade gold mineralization, providing data support for mine planning and optimization.
High-grade assay results from this drilling include: in hole TPG0110, from a depth of 9 meters, a 7-meter interval grading 16.1 g/t gold, including a 2-meter interval from 10 meters grading 43.6 g/t; in hole TPG0086, from 10 meters, a 12-meter interval grading 6.2 g/t gold, including a 4-meter interval from 10 meters grading 15.8 g/t; and in hole TPG0105, from 17 meters, a 6-meter interval grading 8.3 g/t gold, including a 2-meter interval from 19 meters grading 17.8 g/t.
This grade control drilling was funded and completed by MEGA Resources in May 2026, totaling 85 reverse circulation holes with close spacing, for a total of 3,078 meters. The drilling aimed to infill the existing drill pattern at the base of the Mount Dimer pit, improve geological model confidence, and provide detailed data for mine planning and ore scheduling.
Additionally, some holes were positioned outside the interpreted boundaries of known mineralization to test potential down-dip extensions, ensuring that additional mineralized zones can be identified during mining operations. Under the mining rights agreement with MEGA, mining operations are ongoing, with over 90,000 tonnes of mineralized material already delivered to the ore stockpile.
Mark Caruso, Executive Chairman of Everest Metals Corporation (ASX:EMC), stated that these results further enhance confidence in the geological model and the continuity of mineralization within the Mount Dimer Taipan pit. The data generated from the drilling will support mine planning, ore scheduling, and the upcoming mineral resource update. Currently, the Mount Dimer Taipan project has an Inferred Resource of 722,000 tonnes at 2.1 g/t gold and 3.84 g/t silver, containing 48,545 ounces of gold and 89,011 ounces of silver. Mining under the mining rights agreement has been underway since January 2026, with an initial phase targeting the extraction of approximately 200,000 tonnes of ore, which will be toll-treated at a nearby third-party facility to provide near-term cash flow.
EMC is simultaneously advancing multiple projects, with the immediate cash generation opportunity from Mount Dimer complementing the ongoing work at the Mount Edon Rubidium Project. Mount Edon is positioned as a major Australian rubidium project, where the critical mineral is not a by-product of lithium production. The project's recently updated resource stands at 4.3 million tonnes grading 0.23% Rb2O and 0.10% Li2O (at a 0.10% Rb2O cut-off grade).
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