GlobeNewsWire
20 May 2026, 10:45 UTC · 1d ago
Source · https://www.globenewswire.com/news-release/2026/05/20/3298305/0/en/DPM-Metals-Reports-New-High-Grade-Intercepts-from-the-Chelopech-Wedge-Zone-Deep-Prospect-Expects-Mineral-Resource-Estimate-by-Year-End-2026.html
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DPM Metals reported high-grade gold mineralization at the Wedge Zone Deep (WZD) prospect with grades more than double the average gold Reserve grade of the Chelopech mine. — Significant high-grade discovery near existing infrastructure suggests a substantial potential increase in the mine's overall value and output.
+0.70Preliminary metallurgical tests indicate that WZD mineralization is amenable to the existing flowsheet at the Chelopech plant. — Compatibility with existing infrastructure reduces the capital expenditure required to bring the new resource into production.
+0.50The WZD prospect has been expanded through delineation drilling and remains open along strike and down-dip, suggesting potential for further growth. — The 'open' nature of the deposit implies that the current high-grade results may be part of a larger, undiscovered resource.
+0.40DPM Metals expects to provide a mineral resource estimate for the prospect by the end of 2026. — Provides a timeline for formal valuation, though the long lead time prevents an immediate price catalyst.
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The company reported high-grade intercepts and expanded the size of the Wedge Zone Deep prospect, indicating significant potential for future value.
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