DPM Metals (ASX:DPM) discovered new high-grade mineralization during exploration drilling at the Wedge Zone Deep target, within the Chelopech mine concession in Bulgaria, according to a Thursday filing with the Australian bourse.
Results include 68 meters grading 7.4 grams per tonne (g/t) gold equivalent, comprising 6.9 g/t grade of gold, 0.3% copper, and nearly 11 g/t grade of silver from almost 591 meters downhole, the filing said.
The company is allocating roughly AU$2 million to AU$3 million for infill and further delineation drilling for the target, expected to be undertaken by the end of the first quarter of 2026, per the filing.
Shares fell nearly 2% in morning trade Thursday.
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