Cloudbreak Discovery uncovers multiple gold targets at Darlot West

Cloudbreak Discovery Plc (LON: CDL) has identified multiple gold targets at its Darlot West Gold Project in Western Australia, following the completion of a high-resolution magnetic survey and detailed geochemical sampling.

Interpretation of the new data suggests Darlot West sits within a comparable structural setting to the nearby Darlot Gold Mine, with the Darlot/Centenary Sill believed to play a key role in controlling gold mineralisation across the area.

The company reported high-tenor rock-chip results, including assays of up to 65.75 g/t gold and 40.44 g/t gold, alongside the recovery of visible gold nuggets, further strengthening confidence in the prospectivity of the licence.

Cloudbreak said it plans to expand geochemical sampling across priority areas and is preparing for a maiden drill programme. The company aims to capitalise on the current strong gold price environment and the continued strength of exploration and development activity across Western Australia’s gold sector.

Tom Evans, Cloudbreak’s MD, commented; “Multiple new gold targets is a great outcome from the high-resolution magnetic interpretation, with the Darlot/Centenary Sill interpreted to also control gold mineralisation at Darlot West, as it does at the Darlot Gold Mine located 10km away. This now gives us a clear path forward to develop this high tenor gold project. A geochemical sampling program will further refine the new and existing targets and add a multiple vector to rank targets and anomalies for maiden drill testing. The gold price continues to hit historical highs and the booming Western Australian gold sector is a great place for Cloudbreak to continue building a portfolio of quality assets. I look forward to updating shareholders as we move towards maiden drilling.”

Future plans and work programs:

·    Expand the geochemical sampling grid across the project.

·    Plan for maiden drill program

Figure 1: Location of 60.6km² Darlot West Gold Project, Western Australia – 10km from 2.8Moz Darlot Gold Mine, and 25km from Thunderbox Gold Mine operated by Northern Star Limited.

 Figure 2: Geological and structural interpretation based of high-resolution magnetics, with multiple targets identified.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

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