Hi Ho, Hi Ho, it’s off to work we go

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THE DRILL SERGEANT: This week’s drilling is internationally focused with Pacifico Minerals drilling in Fiji and Carnavale Resources in Nevada.

Drilling to commence at Borroloola West

Pacifico Minerals (ASX: PMY) is preparing a combined diamond drilling and reverse circulation (RC) program at the Coppermine Creek and Bing Bong prospects in the Northern Territory.

Pacifico has a farm-in agreement with Sandfire Resources (ASX: SFX) on the Borroloola West project, consisting of 15 exploration licences, one mining licence and one exploration licence application.

Drilling is expected to commence within two weeks.

Pacifico has secured co-funding from the Northern Territory Government through the Territory’s Geophysics and Drilling Collaborations program, which will cover 50 per cent of the planned direct drilling costs at the Bing Bong prospect.

“We are pleased to be getting the drilling program underway at our Borroloola West project,” Pacifico Minerals managing director Simon Noon said.

“In particular, we are extremely excited by the potential at Coppermine Creek with previous drilling having already intersected high-grade copper with several drill holes within the alteration zone.”

Drilling is expected to take three to four weeks to complete with assay results expected over the next eight weeks.


Drilling approval received for Red Hills

Carnavale Resources (ASX: CAV) has received approval for a Notice for Exploration (NOE) covering a planned diamond drilling program at the Cobra and Rattler prospects, on the company’s Red Hills project in Nevada USA, from the Bureau of Land Management (BLM).

The NOE is a regulatory requirement that must be submitted to and approved by the BLM prior to carrying out any ground disturbing activities, such as drilling and access track preparation.

The BLM approval is subject to completing a number of standard regulatory processes, which Carnavale expects to have completed by the end of June and anticipates commencement of the diamond drilling program in early July 2015.

The planned diamond drilling program comprises an initial three holes beneath the encouraging high-grade gold-silver-copper-zinc-lead mineralisation sampled in historic underground stopes at the Cobra prospect and a further two holes beneath larger underground workings at the Rattler prospect.

“In mining, the saying is ‘Grade is King’ and we are about to drill two exciting high grade gold-silver-copper-zinc-lead targets in Nevada, one of the most mining friendly states in the USA,” Carnavale Resources managing director Andrew Beckwith said.

“These are relatively low risk ‘brownfield’ targets as we will be drilling immediately below old mine workings.

“Initially, we expect to successfully confirm the high grade nature and true width of the zones and then look to build a significant resource with further drilling.”