Hi Ho, Hi Ho, it’s off to work we go
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week.
Fairholme drilling to commence
Clancy Exploration (ASX: CLY) announced diamond drilling of high priority Induced Polarisation (IP) targets at Fairholme will commence in early December.
A three hole diamond drill program will test three of five chargeable IP targets the company defined via High Power Exploration (HPX) Typhoon IP system at the Fairholme project.
The aim of the program is to locate an economic porphyry copper-gold system.
“This will be the first significant test of the Fairholme mineral system in over 13 years, since the target was identified by Clancy, and it represents the culmination of 18 months of sustained exploration effort by the joint venture team,” Clancy Exploration managing director Gordon Barnes said.
“Drilling is likely to conclude in January 2015, with assay results to follow.”
Drilling nickel sulphide targets
Minotaur Exploration (ASX: MEP) has initiated its first drilling for nickel sulphides on the Wildara group of tenements, located about 35 kilometres south-east of Leinster, Western Australia (MEP 85%) acquired through its takeover of Breakaway Resources.
A number of geophysical targets were identified during Breakaway’s past exploration campaigns, but remain untested.
Three RC holes, drilled over three weeks duration will test distinct EM conductors based on re-modelling of the data by Minotaur.
Drilling commenced on Nangalasso project, Mali
Taruga Gold (ASX: TAR) has drilling underway at the Nangalasso project in Mali designed to test high-priority target areas within the project, and at the Kambali prospect within the SLAM project.
“We are very excited to begin this round of drilling project at our Nangalasso and SLAM projects,” Taruga Gold managing director Bernard Aylward said.
“As part of the program ground reconnaissance in the Kambali prospect was undertaken and we have identified a new area of artisanal workings with excellent potential for gold mineralisation.
“This area has had preliminary geochemical sampling and returned encouraging results of up to 7.4 grams per tonne gold and we have added additional holes to our program to target this new area.”
Drill program commences at Agate Creek
Laneway Resources (ASX: LNY) has commenced drilling at the company’s
Agate Creek gold project.
The program will include 5000m of RC drilling, with the potential for the program to be extended depending on results and weather.
Key outcomes expected from the program include:
Greater definition of near surface (less than 50m) high-grade gold zones at Sherwood that may support a near term high-grade open cut mining operation;
Expansion of the global Resource base at both Sherwood and Sherwood West through step out holes and identified additional targets;
Testing of the southern extension of Sherwood West where the target mineralised zone remains open and has been continuously mapped some 700m to the south of current drilling; and
Drilling of several highly prospective regional targets.
An updated JORC Resource (2012) is planned to be released during the first half 2015.