Caspin Resources Intersects Nickel and Copper Sulphides at Yarabrook Hill

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported observations from ongoing RC and diamond drilling operations at the Yarabrook Hill prospect within the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources informed the market that RC drilling at the XC-22 airborne electromagnetic (AEM) anomaly intersected nickel and copper sulphide mineralisation.

The hits came in hole YARC0022 that intersected a sequence of intercalated gabbros and pyroxenites with intervals of peridotites hosting trace to disseminated sulphides.

The company has interpreted the mineralised zone to be at least 40 metres thick with up to 20 per cent sulphides over the first two metres and becoming more disseminated at depth.

All reported sulphide intersections to date are based on visual observations.

“Whilst still early days, given the current extreme delays on assay turn-around, we felt it prudent to advise the market of the exciting visual observations at XC-22,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.

“The large size of the XC-22 anomaly suggests that if it is coincident with mineralisation throughout its entire extent then this could represent a significant body of mineralisation.

“Many more drill holes are required before this can be confirmed as a significant discovery and laboratory assays are required to confirm the tenor of any PGE mineralisation that may be present.

“This is an exciting development for the Yarawindah Brook project and the results to date have given us reason to review similar AEM anomalies in the region that, in light of this new information, are potentially significant.

“In addition, the remainder of the project area is about to be surveyed by AEM, commencing early in December.

“We look forward to providing further updates on RC drilling at XC-22 and the interpretation of stratigraphic diamond hole YAD0019 as they come to hand.”

Caspin drilled a second hole, YARC0023, approximately 175m along strike and down dip from YARC0022 that also intersected gabbro and pyroxenite sequences with trace to minor disseminated sulphides.

The company considers the intersections to be of some significance, saying they validate that the XC-22 AEM anomaly represents bedrock sulphides.








Breaker Resources Dubs Manna as Significant Lithium Discovery

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) advised the market of results from RC drilling recently undertaken at the Manna lithium prospect within the company’s Lake Roe project area in Western Australia.

Breaker Resources claimed the results indicate the Manna deposit being a ‘significant’ emerging discovery.

The drilling encountered high-grade spodumene-rich pegmatite intercepts from the main area of outcrop at Manna (Manna 1) confirming good continuity of mineralisation.

Results include:

17 metres at 1.54 per cent lithium oxide (Li₂O) from 38m;

9m at 1.94 per cent Li₂O from 219m; and

6m at 1.81 per cent Li₂O from 43m.

Step-out drilling carried out below anomalous soils to the south of Manna (Manna 2) hit a new zone of spodumene-rich pegmatite, returning best intercepts of:

11m at 1.16 per cent Li₂O from 43m in, including 5m at 1.85 per cent Li₂O from 48m; and

5m at 1.58 per cent Li₂O from 116m in, including 3m at 2.15 per cent Li₂O from 116m.

Breaker said the Manna 2 results had upgraded the prospectivity of other auger soil anomalies of similar magnitude that surround the Manna 1 and 2 mineralisation, considerably expanding the lithium potential.

All areas of known spodumene mineralisation are open along strike and at depth.

“It’s a bit ironic that we have discovered a cluster of pegmatite intrusions with outcropping spodumene and other significant lithium-related anomalies while trying not to distract ourselves from a major gold discovery at Bombora, our core focus,” Breaker Resources managing director Tom Sanders said in the company’s ASX announcement.

“The spodumene discovery at Manna 2 shows the auger soil geochemistry is working, opening up the potential of other areas with a similar lithium-rubidium-tin soil signature, some of which trend into areas of mapped lithium-bearing outcrop.

“There is clearly lots more work to do here and planning is underway for the next round of drilling.

“The results point to a much bigger LCT (lithium-caesium-tantalum) pegmatite complex underpinned by excellent drill results and good quality multi-element geochemistry and mapping.

“This is great news and cream on the top for our shareholders who have stuck with us during the grind of completing over 310,000 metres of drilling to define our gold discoveries.”








Nic Matich Heavy Minerals (ASX: HVY) November 2021

Heavy Minerals (ASX: HVY) is unlike your average junior exploration play, because the company is not seeking the average commodity. Garnet is high on its priority list and executive director and CEO Nic Matich zoomed into The Resources Roadhouse to tell Wally Graham why.

Global Lithium Resources Reports Positive Assays from Marble Bar

THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported initial lithium assay results from an exploration program currently underway at the company’s wholly owned Marble Bar Lithium Project (MBLP) southeast of Port Hedland in Western Australia.

Global Lithium Resources has to date received only a small number of results (from 14 drillholes) to date, however recent RC drilling in the Marble Bar Road reserve has highlighted multiple lithium intersections the company has interpreted to demonstrate the potential to grow the MBLP and extend the Archer deposit.

Results include:

14 metres at 1.14 per cent lithium oxide (Li2O) and 44ppm tantalum pentoxide (Ta2O5) from 11m;

8m at 0.97 per cent Li2O and 53ppm Ta2O5 from 51m (not true width, downhole length only);

12m at 0.64 per cent Li2O and 50ppm Ta2O5 from 54m; and

4m at 1.55 per cent Li2O and 70ppm Ta2O5 from 37m.

“Our drilling earlier in 2021 and our subsequent targeting all suggested that the Marble Bar Road reserve offered significant exploration potential,” Global Lithium managing director Jamie Wright said in the company’s ASX announcement.

“We have been excited by what we have been seeing in this area and these initial assays clearly demonstrate the growth potential of the MBLP.

“Whilst only a small portion of assays have been received to date, the results we are seeing are very encouraging.

“The initial assay results, combined with the discovery of a new pegmatite zone within the road reserve so close to Archer, certainly highlights the underexplored nature of the MBLP.

“While our 2021 drilling program continues at MBLP, we are now looking ahead now to our 2022 program which will include follow up drilling of many of our untested existing, and newly identified targets.

“In addition, we will be focusing on exploration at our southern-most tenements where we have carried out aeromagnetic surveys and soil sampling programs.”


Global lithium Resources managing director Jamie wright recently spoke with The Resources Roadhouse








Encounter Resources Identifies Extensive Outcropping Copper

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has claimed its Sandover copper project in Northern Territory to be prospective for sediment hosted copper.

Encounter Resources conducted mapping and water bore sampling, which the company has said confirmed outcropping and regional copper mineralisation associated with a local grey shale unit within a broader ‘red bed’ sandstone sequence – comparable to the Zambian ore shale unit.

The work undertaken by Encounter has identified major elements of a Central African sediment-hosted copper system to be present at Sandover.

“Our systematic appraisal of copper potential in the Northern Territory continues to yield positive results,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“The mapped outcropping copper mineralisation at Sandover appears focused around grey shale units which are poorly exposed at surface and sandwiched between red fine grained to coarse-pebbly sandstone.

“This is the classic Zambian sediment-hosted copper mineralisation setting.

“Since acquiring the initial Sandover tenement in February 2020 the project area has been progressively expanded as new data was acquired including the identification of copper anomalism in multiple Government water bore cuttings analysed utilising a handheld XRF unit.

“Further mapping and sampling are planned along with an airborne EM survey to map the prospective geological units and also as a potential direct detection tool.”








Auroch Minerals Intersects Nepean Deeps Sulphides

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has drilled a second drill-hole into the Nepean Deeps target area at the company’s Nepean project in Western Australia (Auroch Minerals 80%).

Auroch Minerals’ second hole NPDD013 into the Nepean Deeps target intersected 12.5 metres of disseminated and matrix to semi-massive nickel sulphides from 576.8m, within a 76.15m intersection of ultramafics from 534.65 to 610.80m down-hole.

“We are extremely pleased to have intersected nickel sulphide mineralisation in this second hole into the Nepean Deeps target,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The ultramafic unit we’ve intersected is a lot thicker than the correlating ultramafic intersected in the first hole NPDD008, and really highlights the untested potential of Nepean beneath the historic workings and beneath the level of historic exploration.

“Our current interpretation is that this ultramafic is the historically named Sill 1 ultramafic, which until now was thought to be unmineralized, thus opening up a whole new potential for significant nickel sulphide mineralisation at Nepean!

“The mineralised drill core will be sampled and rushed to the lab for assaying, and we look forward to announcing those results to the market when they are received.

“In the meantime, the drilling continues, as does the ground IP survey at the regional Nepean North prospect, which we believe will generate significant new targets for the next drilling campaign.”

Auroch explained that NPDD013 is currently at a down-hole depth of approximately 675m, and is planned to be drilled to a final depth of 800m to test for any further intersections of ultramafic units and potential nickel sulphide mineralisation beneath the historic Nepean mine workings.

Upon completion the drill-hole will be cased for DHEM surveying.








Miramar Resources Drilling to Extend Marylebone Target

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) continues to make solid exploration progress at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources reported the commencement of a substantial 10,000 metres aircore drilling program at Gidji infilling existing drilling over the Marylebone target and testing for potential extensions on recently granted tenements to the northwest.

The aim of the current drilling is to help refine the Marylebone target before bedrock drill testing kicks off in the new year.

“Marylebone continues to grow with each drilling campaign, with the most significant results coming from the north-western end of the target which currently remains open,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We therefore want to make sure we fully understand the size of the target when we commit to RC and/or diamond drilling in the new year.’

Miramar recently commissioned an extension to the previous ground magnetic survey over Marylebone, including on recently granted tenements to the northwest and southeast.

The new data received highlighted and helped refine the basement geology and structures within the Boorara Shear Zone to the northwest of the Marylebone target where the current drilling is taking place.

The survey also covered an area of subdued magnetics to the southeast of Marylebone, over The Jog target, and highlighted a surficial feature currently interpreted to represent a shallow channel filled with maghemite.

Further ground magnetic surveys will be conducted over the northern part of the Gidji JV project focussing on a four kilometres long underexplored segment of the Boorara Shear Zone.








OZZ Resources Acquires Prospective Leonora Tenements

THE BOURSE WHISPERER: OZZ Resources (ASX: OZZ) has acquired the Pinnacle Well project in the Leonora district of Western Australia.

OZZ Resources has entered a farm-in arrangement, under which it can earn a 75 per cent interest in the Pinnacle Well project by spending $750,000 on exploration over 2.5 years, followed by a Joint Venture.

The project covers an area of 95 square kilometres and is just 30km north of Leonora to the east of OZZ’s existing Mt Davis project.

The project area has had very limited drilling, despite the presence of a prospective greenstone belt.

Recent sampling and mapping have confirmed the presence of gold, base metal and molybdenum mineralisation in numerous locations across the Exploration Licence, which has recently been renewed for a five-year period and has no encumbrances.

“I am excited by the potential of the Pinnacle Well project, which has significant potential to host gold and base metal mineralisation,” OZZ Resources managing director Jonathan Lea said in the company’s ASX announcement.

“This acquisition, and the rapid start to our exploration efforts since listing, emphasises our commitment to our corporate strategy of focused assessment and improvement through portfolio regeneration.”








Saturn Metals Raises $8M to Advance Apollo Hill

THE BOURSE WHISPERER: Saturn Metals (ASX: STN) has made exploration at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia a smidge easier by way of an $8 million raising.

Saturn Metals said the funds would enable it to continue resource definition, exploration drilling and metallurgical and other pre-development studies at Apollo Hill.

Drilling undertaken at Apollo Hill to date has exposed a wide mineralised corridor over a 3.5km strike length, including results in the North of the deposit where the current drill program is underway following up on earlier encouraging results.

A further resource upgrade is anticipated to be ready for the March quarter 2022, incorporating results from drilling Saturn has conducted since January 2021, when the resource estimate was last updated, and incorporating results from the company’s current metallurgical program.

“Saturn is delighted with the level of support shown in this successful raising,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“This puts the company in an excellent position to continue to expand the boundaries of our Apollo Hill gold system.

“Drilling this year has seen multiple strong intersections extending beyond the previous resource boundary.

“Higher grades within a lengthening mineralised corridor show the potential for next level discovery and a much bigger opportunity.

“In addition, this raising enables the company to fund other exciting activities in our exploration portfolio and step up our production orientated studies.

“With a healthy balance sheet, a strengthened register, and a robust resource and exploration base from which to grow, I look forward to delivering the results flow and an exciting year ahead for Saturn Metals and its shareholders.”








Jamie Wright Global Lithium Resources (ASX: GL1) November 2021

Global Lithium Resources (ASX: GL1) recently notified the market of gold potential at the company’s Marble Bar Lithium Project in Western Australia. Global Lithium managing director Jamie Wright zoomed into The Resources Roadhouse to provide Wally Graham with a few details.