The property area, or parts of it, has been held by a number of companies and at least three individuals over the last fifty plus years.
The Initial discovery of chalcopyrite and molybdenite on the property was made in a shallow excavation on the newly constructed Dungate Creek logging road about 1962.
The last drilling at Dungate before Edgemont drilled in 2021 was done in 1976. Only one deep hole (333m long) was drilled in 1975 which 142 m of chalcopyrite reported at the bottom of the hole.
A total of seven holes, totaling 3,427m, were drilled at Dungate in the fall of 2021, with highlights including numerous gold intersections, such as 0.44 g/t Au over 27m, and copper intersections such 237m @ 0.06% Cu and 0.007% Mo.
Phase II drilling will test the hidden intrusive, much larger in size, identified by magnetic surveys under overburden to the north of the QFP drilled during Phase I drilling. This area has never been drilled and will be tested to a vertical depth of 500 metres to follow up on porphyry mineralization intercepted at the bottom of hole DG21-004 during the Phase 1 drill program. The target is a strong magnetic anomaly with a pronounced central u-shaped depleted magnetic signal. The hole is designed to cross the depleted magnetic signal and pass into the adjacent high magnetic anomaly. This first driil hole of the Phase II program, DG22-08, is being drilled to the north east at a 65 degree dip from the same drill pad used to drill hole DG21-05.