Hi Ho, Hi Ho, it’s off to work we go
THE DRILL SERGEANT: Companies getting busy on the drill bit this week include Marindi Metals, Tyranna Resources, Silver City Minerals, and Helix Resources.
Joshua Drilling to Commence
Helix Resources (ASX: HLX) announced planning has been finalised for a diamond drilling program at the company’s Joshua copper-gold porphyry project in Region IV – Chile.
The drill rig and crew are expected to mobilise to the site next week with Helix’s JV partners EPG having awarded the drilling contract for the program.
The program will consist of up to 10 diamond holes for 4,000 metres with an average depth of 400m, including several deeper holes planned.
The drilling program is designed to intersect priority targets within the Joshua porphyry, including the presently untested potassic portions of the system and zones where Helix considers potential for copper enrichment exists.
The program will also expand the strike of the area drilled at Target 1 from approximately 400m to over one kilometre.
Drilling at Balaclava zinc project
Silver City Minerals (ASX: SCI) has commenced diamond drilling at the Balaclava Zinc project south of Broken Hill.
Silver City (75%) and its Joint Venture partner CBH Resources (25%) have been evaluating Balaclava as a possible extension to the Broken Hill mine corridor.
The JV has identified a folded rock sequence which hosts zinc-mineralised ‘lode rocks’.
Zinc sulphide mineralisation is hosted in five close-space lode horizons in a rock package approximately 150 metres wide.
Drilling is designed to fully test the mineralised package. Work should be completed in two to three weeks.
Drilling kicks off at Jumbuck
Tyranna Resources (ASX: TYX) has commenced drilling at the Jumbuck gold project in the North Western Gawler Craton in South Australia.
A total of 110 Reverse Circulation (RC) holes are planned at three of the more advanced prospects – Golf
Bore, Golf Bore North and Camp Fire Bore.
The Golf Bore and Campfire Bore prospects are within the Kingsgate Joint Venture area (TYX 53.4% – Kingsgate Consolidated [KCN] 46.6%).
The program and budget has been approved by both parties to the Joint venture.
“Golf Bore North lies within Tyranna’s 100 per cent-owned EL 5526 (Galaxy Tank) and drilling of 25 RC holes in that area remains subject to native title clearance.
If native title clearance is not attained during the current drilling program, then approximately 25 holes will be drilled at the Mainwood prospect.
The South Australian Government, through its Programme for Accelerated Exploration (PACE) has committed $75,000 towards the drilling costs.
In addition Tyranna also has an outstanding credit with SGS Laboratories for $20,000 of assay work.
All drilling targets are constrained to an area within 50kms from the Challenger milling operations.
Subject to certain conditions, all joint venture ore can be treated at the Challenger mill.
Maiden Drilling at Newman zinc project
Marindi Metals (ASX: MZN) flagged the commencement of a maiden drill program at the company’s 100 per cent-owned Newman zinc project in Western Australia.
The 5000m program will comprise both Reverse Circulation (RC) and diamond drilling and will test three key targets along the Prairie Downs Fault Zone (PDFZ).
Drilling will initially focus on the recently discovered Wolf prospect, located 2 kilometres north-west of the Prairie base metal deposit, to test for extensions of known high-grade zinc mineralisation.
Up to eight pre-collared diamond holes will be drilled at Wolf targeting extensions to the high-grade mineralisation both down-dip and down-plunge and along strike.
The drill rig will then move on to Prairie to test for the development of high-grade shoots within the Prairie deposit, as well as the southern extension of the deposit, Prairie Pup.
The final hole in the planned program will test a coincident gravity and aeromagnetic anomaly at the Titan prospect located on the PDFZ some 5km south-east of the Prairie deposit.