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Cloudbreak Discovery PLC said Friday a rock chip sampling programme confirmed the presence of ‘very significant’ gold mineralisation at its Darlot West mine in Western Australia. The London-based natural resource project generator and royalty business said there was a ‘record’ gold grade result of 65 grammes of gold per tonne. Shares in the company jumped 15% to 1.15 pence on Friday afternoon in London. Cloudbreak noted there were large areas ‘with clear evidence of highly elevated gold mineralisation’. The company said the data indicated that there are multiple large areas for targeted exploration. The Darlot West gold project is located 10 kilometres southwest of the Darlot gold mine. Cloudbreak said assay results from soil samples previously taken are expected in late October. High-resolution airborne magnetics results are expected in late October or early November. These results ‘will assist with plans to refine areas for drilling’, said Cloudbreak. Managing Director Tom Evans said: ‘These rock chip samples over such a large area are highly significant and it’s very encouraging to see these results continue to confirm and show significant gold mineralisation potential over large parts of the Darlot West project.’ Evans added: ‘The Darlot West Gold project covers 60.6 kilometres squared and is a sizeable area, and with samples now up to 65.75g/t gold, we will continue to follow up on high priority gold mineralisation over the project with the aim of moving the project towards drilling as soon as possible. I look forward to updating shareholders as results come to hand.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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