Blackstone Minerals (ASX: BSX) is drilling satellite prospects at the company’s Ta Khoa nickel-copper-PGE project in Vietnam as it targets high-grade ore for a staged capex strategy to re-energise the project’s existing 450,000 tonnes per annum concentrator. Blackstone managing director Scott Williamson ZOOMed into The Resources Roadhouse to update us on how things are progressing.
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has taken some long strides towards development of the company’s Kalgoorlie-based gold production aspirations.
Black Cat Syndicate controls a healthy tract of ground, some 756 square kilometres, east of Kalgoorlie that contains JORC 2012-compliant Mineral Resources of 884,000 ounces of gold.
The company’s stated objective is to construct a 500,000 tonnes per annum processing facility – be designed to be readily expandable – capable of treating multiple feed sources and targeting full production in the March 2022 quarter.
Initial Scoping Studies have demonstrated a strong case for development exists as drilling continues to grow Resources.
The company’s first round of Studies used only 40 per cent (357,000oz) of current Resources, leaving a healthy 527,000 ounces in Resources for future Studies.
“The Studies demonstrate that Black Cat is well on its way to achieving its strategic objectives,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the ASX.
“This first round of Studies is just a starting point with only 40 per cent (357,000oz) of our current Resources considered and upgrades expected on the back of our current +60,000 metres drilling program.
The Studies are robust with around 70 per cent of Production Targets sourced from Indicated Resources and skewed heavily towards the initial production years.
“Myhree provides strong early cashflow and Imperial/Majestic has excellent high-grade underground mining potential.
“The existing Resource at Imperial/Majestic was modelled mainly for open pit mining and current drilling is validating the higher-grade underground potential.
“Importantly, 2020 drilling at Imperial/Majestic is yet to be included in the Study and will be incorporated into an updated Resource along with revised underground designs.
“The Fingals Fortune Resource was increased by 53 per cent after only the first drill program.
“Results from the second drill program are already showing the potential for further extensions.
“Accordingly, there is strong potential for a substantially larger open pit at Fingals Fortune in the near term.
“A processing facility solution is advancing with design, procurement and timing on track as per our detailed announcement, also issued today.
“We have also expedited our +60,000 metres drilling program given our recent success.
“Drilling has only just started at Imperial/Majestic and Fingals Fortune.
“In addition, there is still plenty of opportunity at Bulong and we have not even touched Rowe’s Find.
“We will continue to optimise this first round of Studies as Resources and Ore Reserves are defined and grown over the coming months.
“Updates will be provided on an ongoing basis. So, this is a great start and plenty more to come.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@blackcatsyndicate.com.au
Web: www.blackcatsyndicate.com.au
THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) has diamond drilling underway at the company’s Reynolds Range project in the Northern Territory.
Prodigy Gold is drilling to follow up the receipt of several high-grade surface sampling results that confirm the presence of a strong gold and base metal anomaly at the Scimitar Target.
The company recently undertook a moving loop EM (MLEM) survey over the Scimitar Target that resulted in detailed mapping that identified evidence of copper mineralisation at surface within a 3km long geochemical anomaly.
“The EM conductor identified in a historic survey was confirmed by the recent ground based moving loop EM survey,” Prodigy Gold managing director Matt Briggs said in the company’s announcement to the ASX.
“Strong geochemical anomalism over a large area has led to us prioritising this target for drilling.
“The initial drilling is designed to intersect the most conductive areas of the modelled EM anomaly.
“Two holes are being drilled 600 metres apart.
“The recent encouraging surface sampling results provide support for a metal mineralising event at Scimitar.
“The first two holes will give insight into the stratigraphy and potential structures in the area along with testing for sulphide related metal mineralisation.
“The drilling of one hole is co-funded by the Northern Territory government as part of the Resourcing the Territory initiative.
“This is the first of a number of targets to be drilled at Reynolds Range in the coming months.
“Drilling is also planned to extend the Falchion and Sabre Targets and the Reward Deposit.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@prodigygold.com.au
THE DRILL SERGEANT: Trigg Mining (ASX: TMG) commenced a program of air-core drilling program at the company’s 100 per cent-owned Lake Throssell Sulphate of Potash (SOP) project, located east of Laverton in Western Australia.
Due to a late start to the planned program due to the high level of competition for drilling resources across WA in the second half of 2020, Trigg Mining expects to announce a maiden Mineral Resource estimate, subject to results, in the first Quarter of 2021.
The air-core drilling, being the first-ever holes to be drilled to depth at Lake Throssell, will comprise up to 38 core holes targeting the basal aquifer, interpreted by the company to be around 130 metres below surface based on the interpretation of gravity-gravity surveys.
The basal aquifer is expected to lie within the deepest part of the palaeovalley known as the ‘thalweg’, which is interpreted to be up to 2km wide in places and extends for up to 46km within the current granted tenement and up to 80km through the project area.
“We are very excited to be drilling the basal aquifer at Lake Throssell, which has been the company’s primary focus since acquiring the SOP projects and listing on the ASX in October last year,” Trigg Mining managing director Keren Paterson said in the company’s announcement to the ASX.
“The results of this program are expected to provide sufficient detail to calculate an Inferred Mineral Resource estimate for Lake Throssell, which will be the second Mineral Resource estimate for the company since listing – putting Trigg Mining on a clear path towards the development of a significant new Sulphate of Potash production hub east of Laverton in Western Australia.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@triggmining.com.au
THE DRILL SERGEANT: Moho Resources (ASX: MOH) is focussing on next year with the announcement that drilling will recommence in January 2021 at the Crossroads gold/silver prospect, part of the company’s Burracoppin gold project in Western Australia.
Moho Resources has already completed a maiden aircore drilling program at Crossroads, which is located about 22 kilometres west of the Edna May gold mine.
The drilling in June returned results of individual one-metre samples, having encountered gold/silver mineralisation in bedrock with up to 0.61 grams per tonne gold and 5.53g/t silver in bottom of hole (BOH) samples.
The gold mineralisation is associated with other pathfinder elements identified as silver, arsenic, antimony, tellurium and bismuth.
Moho was recently awarded a co-funded drilling grant of up to $147,526 from the WA Government as part of its Exploration Incentive Scheme.
“Moho greatly appreciates the WA government’s financial assistance under the Exploration Incentive Scheme to test the Crossroads gold/silver prospect for a potential Intrusive Mineral System,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.
“We are looking forward to implementing our maiden RC and diamond drill programs early next year.”
Moho’s maiden 25-hole reverse circulation (RC) drill program will commence in January 2021, targeting extensions to the previously defined shallow bedrock gold and silver mineralisation at the Crossroads prospect.
Three diamond holes will be drilled at locations to be determined following receipt of the RC assay results.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@mohoresources.com.au
THE DRILL SERGEANT: Cyprium Metals (ASX: CYM) announced commencement of geophysical programs across the company’s Murchison copper-gold projects in Western Australia.
Cyprium Metals will be carrying out the programs on the Cue copper-gold project and the Nanadie Well copper-gold project in order to define further copper mineralisation at the company’s Murchison project areas.
Anu promising anomalies to emerge from the programs will be drill tested in 2021, pending regulatory approvals and drill rig availability.
“We are very pleased to have rapidly procured and mobilised the services of the various teams and drilling contractors to commence our program of works following the recent oversubscribed capital placement and Share Purchase Plan,” Cyprium Metals executive director Barry Cahill said in the company’s ASX announcement.
“Cyprium is about to embark on an exciting stage of its progress, targeting in on extending the mineralisation inventory at Cue through the use of geophysics and drilling out the mineralisation at Nanadie Well, to upgrade to a JORC 2012-complaint mineral resource while expanding the resource base and examining the along strike and depth potential of the system.
“The work will provide valuable information to be included in the accelerated programs, commencing in the new year, to follow up on the results from the geophysical programs and to analyse the core produced from diamond drilling, whilst commencing the drilling of the Nanadie Well supergene zone.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported on the latest drilling carried out at the company’s Andover nickel-copper project in Western Australia.
Azure Minerals reported that the most recent hole, ANDD0005, intersected a 20.8 metres-wide zone containing intervals of nickel-copper mineralisation, including massive and semi-massive sulphides.
This latest mineralised intersection is located approximately 40m up-dip from a 38m-wide sulphide zone the company achieved in the previous hole ANDD0004.
All five holes Azure has completed to date intersected intervals containing substantial widths of nickel-copper sulphide mineralisation.
Each hole encountered massive, matrix and disseminated nickel and copper sulphides coincide with strong electromagnetic conductors detected by surface fixed loop (FLTEM) and down hole (DHTEM) electromagnetic surveys.
Azure has drilling continuing with ANDD0006 underway to test for down-dip mineralised extensions with a planned intersection point in the VC7 conductor plate approximately 50m below the sulphide zone intersected in ANDD0004.
This will be followed by step-out drilling to the west-northwest to test the along-strike extent of VC7.
Follow-up downhole EM surveying will then provide greater definition on the vertical / down-dip extent of the VC7 conductor.
Based on FLTEM surveying completed to date, 12 separate conductor anomalies have been identified within the Andover project area.
Drilling to test the highest priority conductors is being planned and, subject to drill rig availability, likely to commence in the first quarter of 2021.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@azureminerals.com.au
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) recently added ground surrounding the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.
Corazon Mining made the acquisition in order to add a substantial new geophysical anomaly the company recently identified by way of an aerial MobileMT geophysical survey at Lynn Lake.
The survey identified multiple new anomalies indicative of nickel-copper-cobalt sulphide mineralisation.
As can often be the case the most substantial and highest priority geophysical anomaly defined by the MobileMT survey was located on vacant tenure outside of Corazon’s Lynn Lake project area, south and immediately adjacent to the prospective Fraser Lake Complex (FLC).
The new anomaly, called South Pipe, includes two large magnetic pipe-like bodies, one of which is conductive, that the company considers could possibly be indicative of a deep-seated intrusive pathway that appears linked to known nickel-copper-cobalt sulphide mineralisation within the FLC.
This conductive anomaly is now a priority drill target in Corazon’s exploration for massive sulphide mineralisation at Lynn Lake.
“We identified this feature almost immediately in the new geophysical data, more than six or seven weeks ago,” Corazon Mining chairman Terry Streeter said in the company’s ASX announcement.
“Since then, the main priority has been to secure tenure over the anomaly.
“So far, these targets are the only pipe-like bodies defined in the Fraser Lake area, an area that exhibits widespread sulphide mineralisation.
“This is what we’ve been chasing.
“Importantly, they represent a critical ingredient to understanding the geological model at Fraser Lake and are potentially ‘up-stream’, closer to the source, from gabbros polluted with nickel-copper-cobalt mineralisation.”
The newly defined South Pipe magnetic anomaly includes two parallel pipe-like bodies approximately 150 metres apart; they are a dominant geophysical feature in the area west of the FLC.
These two features are the first pipe-like bodies identified at the FLC and importantly provide an exploration target similar to the high-grade EL deposit.
Corazon is in the process of organising a northern winter drilling program over the recently defined priority targets at Lynn Lake.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@corazon.com.au
Web: www.corazon.com.au
THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) reported new gold intersections from recent reverse circulation (RC) drilling undertaken at the Jinkas South lode within the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.
Ausgold completed 30 holes at the Jinkas South lode recording intersections of gold mineralisation north along strike a further 600 metres from previously high-grade gold mineralisation.
Th e company declared this new drilling has shown that the Jinkas South lode to now boast a total strike length of 1.3 kilometres.
Results from drilling at Jinkas South lode include:
BSRC1045
9 metres at 3.52 grams per tonne gold from 213m, including 3m at 9.43g/t gold;
BSRC1034
28m at 1.35g/t gold from 131m;
BSRC1046
14m at 1.45g/t gold from 100m, including 2m at 8.28g/t gold
4m at 2.66g/t gold from 124m;
BSRC1046
19m at 0.67g/t gold from 131m;
BSRC1024
37m at 0.86g/t gold from 150m, including 6m at 2.86g/t gold;
BSRC1033
42m at 0.73g/t gold from 119m, including 3m at 2.53g/t gold; and
BSRC1025
24m at 0.83g/t gold from 114m.
“The Jinkas South lode is proving to be a significant addition to the project with grades significantly higher than the current Resource extending over 1.3 kilometres,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.
“This new drilling provides further confirmation of our geological model which has enabled better targeting of high-grade mineralisation within both the Jinkas and parallel Jinkas South lodes.
“This new drilling significantly extends the high-grade gold mineralisation within the Jinkas South lode, which we anticipate will further add to the Resource upgrade planned for Q1 2021 and benefit the projects economics.
“The 25,000 metres RC drill program at the KGP continues, with results for 31 holes for 3,055 metres drilled within the Central Zone currently in the laboratory pending analysis.
“An additional 2,200 metres program of RC and diamond drilling has commenced at Jinkas North as part of an Exploration Incentive Scheme (EIS) co-funded drilling grant to Ausgold.
“Jinkas North represents an area which is currently undrilled over a strike length of 850 metres.
“New targets derived from detailed geophysics data have shown potential extensions to the Jinkas and Jinkas South lodes.
“A DHEM program is underway alongside RC drilling and will provide new targets for immediate drill testing within the Jinkas South and Jinkas North areas.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@ausgoldlimited.com
Web: www.ausgoldlimited.com.au
THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) is preparing for a string of work to be undertaken at the company’s 100 per cent-owned South Limb gold prospect at Pickle Lake, north-west Ontario in Canada.
Ardiden has just completed a drone-mounted geophysical magnetometer survey that targeted two high-priority drill target areas at the under-explored brownfield South Limb gold prospect, to help refine Ardiden’s gold exploration drill targeting in these areas.
While the company continues to drill at its main focus at Pickle Lake, the Kasagiminnis gold deposit, upcoming drilling at South Limb fits in to part of its plans to progressively advance exploration across the entire Pickle Lake ‘Gold Pipeline’.
As such, Ardiden is preparing to mobilise a second drill rig to the South Limb gold prospect to test high-priority gold targets, aimed to commence before the Christmas shutdown.
South Limb is situated 17 kilometre north-east of Kasagiminnis and approximately 10km south of TSX-listed First Mining Gold’s Pickle Crow gold mine where ASX-listed Auteco is currently drilling as part of a 5-year earn-in arrangement.
South Limb also directly adjoins Newmont’s Dona Lake Gold Mine, where TSX-listed Metals Creek is also working through a 3-year earn-in arrangement.
The Dona Lake underground Gold Mine produced 246,500 ounces of gold at 6.6 grams per tonne gold until its closure in 1993 due to the gold price not being quite a strong as it currently is.
Ardiden’s Resource definition drilling continues at the 100 per cent-owned Kasagiminnis deposit, from which the company anticipates being able to update the market at the end of November or early December as results are progressively received, checked, and interpreted.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@ardiden.com.au
Web: www.ardiden.com.au
