De Grey Mining Achieves High-Grade Gold Recoveries at Hemi

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported results from initial metallurgical testwork from the company’s Hemi gold deposit, located south of Port Hedland in Western Australia.

De Grey Mining undertook initial metallurgical testwork on mineralisation from the Brolga Zone, which achieved excellent gold recoveries of:

Oxide: 93 per cent based on CIL leach; and
Fresh: 96.3 per cent based on sulphide flotation, oxidation and CIL leach.

The company explained the testwork flowsheet comprised a conventional carbon in leach (CIL) circuit to treat oxide mineralisation.

“The gold recovery achieved in the initial metallurgical testwork of oxide, transition and fresh mineralisation at Brolga is very encouraging,” De Grey Mining managing director Glenn Jardine said in the company’s announcement to the Australian Securities Exchange.

“The testwork significantly de-risks the potential development of Hemi as a Tier 1 gold project in a Tier 1 jurisdiction.

“The testwork flowsheet used for Hemi can also be applied to De Grey’s other regional resources in the Mallina Basin.

“Hemi is a growing resource and contains a combination of oxide, transitional and fresh sulphide mineralisation.

“We will continue to increase our understanding of the scale and metallurgical properties of each of these domains across the deposit with ongoing testwork.

“Hemi’s excellent location, along a major transport, gas and power corridors, all within 60 kilometres of Port Hedland, is a major advantage for a Tier 1 gold resource and development project.”

The flotation circuit generated a gold-rich sulphide concentrate that was oxidised using pressure oxidation (POX) that represented approximately 10 per cent of the ore feed to the flotation circuit.

Oxidised flotation concentrate from the POX circuit was treated by CIL to recover gold.

The company indicated it would assess other methods of oxidation during ongoing test work.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Bellevue Gold Raises $100M to Fund Resource Growth and Accelerate Project Development

THE BOURSE WHISPERER: Bellevue Gold (ASX: BGL) announced a fully underwritten institutional placement of new fully paid ordinary shares to raise approximately $100 million.

Bellevue Gold will also undertake a non-underwritten Share Purchase Plan to raise up to $20 million.

The monies raised will complement current cash on hand, and will be used to grow resources and accelerate development of the company’s Bellevue gold project in Western Australia.

“Proceeds from the raising will help ensure we can unlock the full value of what is clearly an exceptional asset with extremely high-grades and immense scope for further inventory growth,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“By implementing our dual exploration and development strategy, we will seek to maximise our ability to create value for shareholders through both resource growth and project development.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@bellevuegold.com.au

 

Web: www.bellevuegold.com.au

 

Black Cat Syndicate Gains Myhree Stage 1 Pit Approval

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported on recent activities at the company’s Bulong gold project in Western Australia.

Recent RC drilling undertaken at the Myhree prospect returned numerous zones of shallow, thick, high-grade mineralisation.

Holes were drilled to infill shallow parts of the Resource ahead of potential open pit mining operations.

Results include:

20MYRC043
8 metres at 26.43 grams per tonne gold from 55m

20MYRC030
10m at 5.6g/t gold from 10m

20MYRC032
6m at 7.69g/t gold from 27m

20MYRC042
10m at 4.12g/t gold from 28m

20MYRC040
5m at 8.19g/t gold from 5m

20MYRC044
6m at 6.6g/t gold from 24m

Black Cat has now received all approvals for the Myhree Stage 1 Open Pit, meaning the company now has full approval to commence the first stage of open pit mining at Bulong.

Details on potential mining at Myhree will be incorporated in the Myhree Feasibility Study, due in the September 2020 quarter.

“The continued shallow, high-grade results bode well for early cashflow from potential mining operations at Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“These results infill the existing Resource and are among the best widths and grades to date.

“This is testament to the robust nature of the Myhree deposit.

“In addition, an important step in our objective to develop Bulong has been achieved with the full approval of the Stage 1 Open Pit at Myhree.

“We also saw some encouragement from an east-west structure at Myhree and 600 metres north of Trump north that requires follow up.

“RC drilling to further test and extend these areas will recommence during August 2020.

“In the meantime, diamond drilling of the deeper Mhyree mineralisation, is currently underway.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Ausgold Extends Jinkas South Lode Mineralisation

THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) released results from the first six holes it has completed of a 21 hole program of reverse circulation (RC) drilling at the Central Zone within the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Ausgold has utilised down hole electromagnetic (DHEM) and Moving Loop EM (MLEM) to target drilling locations along strike from areas of high-grade gold mineralisation previously intercepted at the project’s Jinkas South and Jinkas areas.

The latest results include:

BSRC0964
5 metres at 13.67 grams per tonne gold from 120m, including 1m at 65.8g/t gold

BSRC0963
39m at 1.32g/t gold from 96m, including 8m at 4.1g/t gold and 1m at 22.2g/t gold

BSRC0965
9m at 2.34g/t gold from 89m, including 5m at 3.95g/t gold
16m at 1.19g/t gold from 126m, including 2m at 4.31g/t gold

BSRC0966
6m at 2.81g/t gold from 78m
5mat 2.93g/t gold from 88m, including 1m at 8.75g/t gold

BSRC0961
1m at 16.8g/t gold from 141m

BSRC0962
6m at 1.41g/t gold from 79m

Ausgold indicated the new drill results have extended the zone of high-grade gold mineralisation to a total strike length of 580 metres north along strike from mineralisation intersected in previous drill programs.

The company said the results validate both the geological model it is using to predict the location of high-grade gold mineralisation and the effectiveness of the geophysics used to directly target this mineralisation.

The results also demonstrate potential for the Jinkas South lode to add substantial high-grade ounces to the existing 1.2 million ounce gold Resource at Katanning.

“We are pleased with the high-grade gold mineralisation intersected within the initial RC drilling results which significantly extend the Jinkas South lode to a strike length of over 580 metres,” Ausgold managing director Matthew Greentree said in the company’s announcement t the Australian Securities Exchange.

“The new drilling has validated the geological model and the initial DHEM targets, providing clear confirmation that the high-grade Jinkas South lode extends over a significant strike length and remains open along strike.

“This zone remains open with drilling underway to test three additional DHEM targets north of the currently identified Jinkas South mineralisation.

“The high-grade Jinkas South gold mineralisation has been now shown to extend north along strike and will add to the current 1.2 million ounce gold Resource at Katanning.

“The new drilling shows high-grade gold mineralisation extends well beyond that estimated in the current resource model.

“This will further expand the open pit Resource and further improve the project economics.

“Further drilling is planned to target high-grade mineralisation down dip and north along strike where it remains open, Ausgold is extending the coverage of DHEM to target this mineralisation.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Bellevue Gold Declares Maiden Gold Resource

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) announced a maiden Indicated Resource for the company’s Bellevue gold project in West Australia.

The total Resources of 2.3 million ounces of gold at 10 grams per tonne gold includes Indicated and Inferred components of:

Indicated
860,000 ounces at 11.6g/t gold; and

Inferred
1.4 million ounces at 9.2g/t gold.

Bellevue Gold has completed a total of 240,000 metres of diamond drilling at the project, infilling selected areas of the previous 80m x 80m drill grid on which the Inferred Resources were based.

Included in the Indicated Resource is a higher-grade core of mineralisation including 480,000 ounces at 15.5g/t gold, hosted in the project’s Viago and Deacon Main Resource areas.

This mineralisation is within a few hundred metres of existing development and contains consistent high-grade high sulphide mineralisation that will be targeted in the early mine life at the project.

Infill drilling is ongoing, with an increase to the Indicated Resource expected in the December quarter, which is intended to convert more of the substantial Inferred Resource adjacent to high-grade core as a priority.

Drilling will also target extensions to current Resources and the recent Government Well discovery which is located seven kilometres from the existing Resource as well as other identified Bellevue analogue outcropping targets to the north.

“This Indicated Resource and the increases to come will underpin the economic studies on the project, which are now well underway,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Completion of these studies will mark the transition to the project development phase, which we believe will demonstrate the technical and economic strengths which come from having a large, high-grade project with simple metallurgy and access to existing infrastructure in a Tier-1 location.

“There is also huge potential to continue growing the overall inventory at Bellevue, where the mineralisation remains open in multiple directions and we have numerous well-established targets, some with known mineralisation.

“We are confident that the combination of economic and technical studies and Resource growth will drive further increases in shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bellevuegold.com.au

 

Web: www.bellevuegold.com.au

 

Auteco Minerals Raises $30M For Pickle Crow Exploration

THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) has raised approximately $30.4 million via the issue of approximately 225 million new fully paid ordinary shares in the company.

Auteco Minerals announced the funds would be funding ongoing exploration activities at the company’s Pickle Crow gold project, which recently received a maiden JORC 2012-compliant inferred resource of 830,000 ounces at 11.6 grams per tonne gold.

Auteco recently commenced drilling at Pickle Crow, with nine holes already drilled and assays pending analysis.

The placement will enable Auteco drill resource growth with a second diamond drill rig scheduled to arrive in July 2020 to test multiple walk-up targets.

Numerous high-grade targets have been identified for drilling, and Auteco is working towards a resource update that it intends to announce this calendar year.

“The significant support that we have received from the two offshore global resource specialist funds, along with support from our existing shareholders is extremely pleasing, and a significant endorsement of the progress that has been made at Pickle Crow and the enormous opportunity in the project,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s announcement to the Australian Securities Exchange.

“Following our maiden Inferred Resource at Pickle Crow, we are very excited to accelerate our exploration program.

“We have identified numerous high-grade gold targets to test, and expect that we will be able to provide a resource update later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

Black Cat Syndicate Encounters High-Grade Diamond Drilling Intersections at Myhree

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) followed up its Fingals and Rowe’s Find acquisition by releasing drilling results from the company’s Bulong gold project near Kalgoorlie in Western Australia.

Black Cat Syndicate recently completed recent diamond drilling at the project’s Myhree deposit that intersected numerous zones of high-grade mineralisation.

Six holes were drilled into the lower parts of the Myhree system to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work.

Assay results include:

20MYDD002
6.45m at 9.43 grams per tonne gold from 228.51m

20MYDD003
1.99m at 8.3g/t gold from 242.43m
7.3m at 3.3g/t gold from 265.46m

20MYDD007
0.85m at 13.55g/t gold from 129.48m
3.05m at 5.72g/t gold from 134.11m
1.97m at 11.68g/t gold from 155.06m

20MYDD008
2.47m at 13.62g/t gold from 84.38m
2.14m at 21.03g/t gold from 95.06m
0.94m at 22.35g/t gold from 99.34m

20MYDD0010
2.38m at 4.55g/t gold from 144.10m
1.77m at 4.61g/t gold from 151.02m
4.66m at 6.58g/t gold from 191.69m

Black Cat declared the results from these holes demonstrate high-grades continue in predictable positions with all holes hitting multiple mineralised zones as anticipated.

The company has additional diamond holes underway to test deeper in the mineralised system.

“Myhree continues to deliver strong results, with high-grade intersections consistent with previous drilling as per our expectations,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The geotechnical results and positive gold assays will be fed into the Myhree mining study.

“The recent RC drilling at Bulong has also now been completed and assays are expected in mid-July 2020.

“Additional diamond holes are currently being drilled at Myhree with results due in late August 2020.

“RC drill planning on priority targets at Fingals is now underway and will be announced in July 2020.”

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Blackstone Minerals Extends Ban Chang Prospect

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has extended the strike of the Ban Chang prospect at the company’s Ta Khoa Nickel-Cu-PGE project in Vietnam.

Blackstone Minerals announced it has extended Ban Chang by more than one kilometre by way of step out reconnaissance style drilling intersecting high-grade mineralisation.

Drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulphide target zone defined by high-priority EM plates.

Drillhole BC20-03 followed up on previously encountered mineralisation, returning:

BC20-03
9.8 metres at 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt 0.7g/t PGE from 57.05m; and
5.7m at 2.07 per cent nickel, 1.08 per cent copper, 0.12 per cent cobalt and 0.95g/t PGE from 60m, including 1.85 at 3.59 per cent nickel, 1.18 per cent copper, 0.2 per cent cobalt and 1.97g/t PGE from 63.35m.

“Our latest assays confirmed a new zone of high-grade mineralisation which was previously untested,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have demonstrated strong potential for a bulk underground mining scenario at Ban Chang, which could be significantly larger scale than the previously mined Ban Phuc massive sulphide underground mine.

“At Ban Phuc, the previous owners successfully mined a narrow massive sulphide vein at much lower nickel prices than today.

“With bulk underground mining and the potential for significant PGE credits, we could be looking at a very economic mining scenario at Ban Chang.

“We have now drilled significant massive sulphide nickel mineralisation over one kilometre of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation.

“Ban Chang is the first of 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to a bulk open pit mining scenario at Ban Phuc.”

 

 

TO READ THE FULL ANNOUNCEMENT:   CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Breaker Resources Drills Discovery Potential Outside Bombora Resource

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported drilling results it claims to continue to highlight the growth potential at the company’s Lake Roe gold project east of Kalgoorlie in Western Australia.

Breaker Resources said the latest results it has achieved increase the potential in two large areas – the Carbineer and Kopai-Crescent prospects – located to the east and to the north of the one-million-ounce Bombora gold deposit.

The results from Carbineer come from three RC drill holes, which form part of a 14-hole program designed to assess the gold potential in a three kilometres-long corridor between the Claypan Shear Zone and the Swan Lake Syenite to the east of the Bombora deposit.

All three drill holes intersected gold mineralisation with assay results pending for a further 11 drill holes.

Preliminary results include:

BBRC1514
4 metres at 21.79 grams per tonne gold from 172m; and

BBRC1515
2m at 4.83g/t gold from 120m.

The results from Kopai-Crescent relate to a program of 28 RC drill holes targeting a potential link between the Kopai and Crescent prospects 3km north of Bombora.

Preliminary results include:

BBRC1508
4m at 2.34g/t gold from 61m; and

BBRC1505
4m at 1.94g/t gold from 32m.

Results are pending for a further seven RC drill holes and two diamond drill holes.

The results follow drilling below the Bombora deposit which recently extended the strike length of known high-grade gold lodes below the open pit Resource by 600m to 2,000m.

“These two emerging discoveries have the potential to materially expand our shallow gold inventory and complement our success extending the Bombora gold deposit at depth,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“We are still gauging the extent of the mineralisation footprint in each area on very wide reconnaissance drill hole spacings.

“So to hit high-grade gold at the Carbineer prospect on the first two single-hole sections, 100 metres apart, is both exciting and unusual.

“Further drilling is planned to restart in two weeks.

“In the Kopai-Crescent area we are seeing significant gold up to two yo four grams per tonne over a very large area.

“I think that the high-grade intersections will come once we finish scoping the areal extent of the mineralisation and then zero in on the structures controlling the gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: breaker@breakerreources.com.au

 

Web: www.breakerresources.com.au

 

Black Cat Syndicate Completes Fingals and Rowe’s Find Acquisition

THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) announced completion of the acquisition of a 100 per cent interest in the Fingals and Rowe’s Find gold projects, located outside of Kalgoorlie in Western Australia.

Black Cat Syndicate has purchased the projects from Silver Lake Resources (ASX: SLR) for $50,000 in cash and the issue of approx. 8.4 million fully paid ordinary shares in Black Cat, making Silver Lake a substantial shareholder in Black Cat.

Fingals and Rowe’s Find have increased Black Cat’s total JORC Mineral Resources by 145 per cent, however because a substantial portion of these are JORC 2004-compliant, the company needs to convert them to JORC 2012-compliancy before publishing.

“We are extremely pleased to have completed this transformational acquisition and welcome Silver Lake as our largest shareholder,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“With the acquisition of Fingals and Rowe’s Find completed, we will now focus on converting the JORC 2004 Resources to JORC 2012 Resources, updating the JORC 2012 Resources and identifying our immediate drilling priorities.

“We will commence releasing the results of this work later in July 2020.”

With the completion of this acquisition, Black Cat will control 281 square kilometres of prospective tenements to the east of Kalgoorlie.

The three main project areas include:

Bulong, which comprises some 140sqkm located 25 km east of Kalgoorlie, covering advanced projects undergoing mining studies along with early stage exploration opportunities;

Fingals comprises around 100sqkm located approx. 30km south east of Bulong and contains multiple Resources and extensive areas of historic mining and has seen only limited modern exploration; and

Rowe’s Find that comprises approx. 41sqkm located near 100km east of Bulong and hosts the JORC 2004 component of the Resources, as well as drill ready targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au