Dinero Announces Completion of Phase I Drilling on High Grade REE Property
Dinero completes first-pass rare earth element drilling at Mt Bisson, confirming visual mineralisation without releasing assay data.
Dinero Ventures Ltd. (DNO) announced the completion of Phase I drilling at its 100%-owned Mt Bisson rare earth element (REE) property in British Columbia. The program consisted of seven BTW-size diamond holes totaling 829.6 meters, targeting the Kolbe zone, which is a 100-meter-wide surface expression of REE-bearing dykes discovered through 2025 grab sampling.
Visual core observations identified coarse allanite and monazite in sheared zones at least 5 meters wide in drill hole DDH-MB-2027-7 at approximately 45 meters depth, and at least 7 meters wide in DDH-MB-2027-1 at approximately 5 meters depth. No assay results were provided, as samples are scheduled to be sent to a laboratory. The company stated the program was highly successful in confirming parallel dyke zones and reiterated the potential of unexplored areas.
Dinero Ventures Ltd. (DNO) has completed its Phase I scout program, which consisted of 829 meters of drilling. The program intersected visually distinctive rare earth element (REE)-bearing dykes, marking a modest de-risking step for the project.
The company’s shares had previously repriced from $0.11 to $0.43 between late May and late July. This movement followed a 31% total rare earth oxide (TREE) grab-sample headline and the commencement of drilling activities. Drilling completion announcements typically do not impact the share price of junior explorers unless they are accompanied by new, transformative assay data, which was not present in this release.
Dinero Ventures Ltd. (DNO) is a Canadian junior explorer focused on two primary assets in British Columbia. The company holds a 100% interest in the Mt Bisson rare earth element (REE) property, which spans 11,786 hectares and is subject to small net smelter return royalties. The property features a large magnetic anomaly with surface grab samples returning up to 31% total rare earth oxides (TREE). Phase I drilling, consisting of seven holes, has been completed, with assay results currently pending.
The company also owns the Raven gold property, a 1,703-hectare site characterized by orogenic gold-quartz veins. Historical drilling conducted in 2024 returned intercepts up to 8.06 grams per tonne of gold over 1.07 meters in core length. The property is in the early stages of exploration and currently has no established resource estimate.
Dinero Ventures is pre-revenue and holds no mineral resources. The company funds its operations through periodic small private placements. Financial data for the second quarter of 2026 indicates zero revenue and a net loss of $99,000 over six months. The company reported working capital of $32,000 and total assets of $1.88 million, primarily consisting of capitalized exploration intangibles.