Saturn Metals Hits Encouraging Results at Hercules Gold Prospect

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) has maintained a golden pace with new results from follow up AC drilling across the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

Saturn Metals claimed its recent regional exploration drilling has discovered a zone of gold bearing mineralisation at the recently identified Hercules prospect, within the company’s broader Apollo Hill land holdings.

Aircore (AC) intersections include:

AHAC0925
20 metres at 2.27 grams per tonne gold from 24m, including 8m at 5.17g/t gold from 24m;

AHAC0865
8m at 1.06g/t gold from 28m;

AHAC0696
4m at 1.35g/t gold from 16m; and

AHAC0842
4m at 1.08g/t gold from 16m.

Hercules is located 15 kilometres from Saturn’s 1.47 million ounce Apollo Hill Mineral Resource, sitting on a previously unexplored section of the gold fertile Keith Kilkenny Lineament.

“The strategy of exploring for new mineralisation opportunities within the larger Apollo Hill land package is bearing some great results,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The large gold footprint and localised higher-grade intersections at Hercules show the potential of this new mineralised system.

“Its location on the interpreted Keith Kilkenny structure is favourable, and we are seeing some excellent geological ingredients in our drilling.

“We look forward to reporting further assay results as they are returned, and additional work is being planned.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Meeka Gold Gets Rare Earth Metallurgical Work Underway

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THE DRILL SERGEANT: Meeka Gold (ASX: MEK) reported a start on a rare earth metallurgical test program for the company’s 100 per cent-owned rare earth projects.

Meeka Gold shipped off some metallurgical samples were to the Australian Nuclear Science and Technology Organisation (ANSTO) in New South Wales in early May, which now has preparation and testing underway.

Meeka explained ANSTO has a full suite of mineralogical, chemical and hydrometallurgical facilities from laboratory through to pilot scale, which will investigate optimisation of the metallurgical process and development of a process flow sheet for the company’s rare earth projects.

Results are expected in late July 2022.

“The rare earth assays received from our 100 per cent-owned Cascade and Circle Valley projects show shallow, broad, high-grade mineralisation across a very large area,” Meeka Gold CEO Tim Davidson said in the company’s ASX announcement.

“We are now expediting the metallurgical test work to understand the process for producing a commercial product.

“ANSTO is recognised globally for their expertise in rare earth processing, and we look forward to working with them to determine the optimum method for metal recovery.

“Importantly, the mineralisation contains a high level of permanent magnet metals, being neodymium-praseodymium oxides.

“This will ensure high demand for a commercial product potentially resulting from these projects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@meekagold.com.au

 

Web: www.meekagold.com.au

 

Green Technology Metals Drills Seymour Step-Out Intercepts

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) received more assay results from a Phase 1 diamond drilling program underway at the company’s Seymour lithium project in Ontario, Canada.

Green Technology Metals said the Phase 1 drilling program of 16 diamond drill holes was designed to evaluate potential along-strike and down-dip extensions of the North Aubry deposit that were open and untested.

Drilling returned high-grade extensional intercepts, including:

GTDD-22-0001
10.5 metres at 1.77 per cent lithium oxide (Li2O) from 123.2m, including 7m at 2.11 per cent Li2O;

GTDD-22-0013
18.2m at 1.1 per cent Li2O from 304.2m, including 3.1m at 2.05 per cent Li2O; and

GTDD-22-0014
4.5m at 0.61 per cent Li2O from 250.7m, including 2.5m at 1.01 per cent Li2O.

Green Technology has already commenced further northern step-out drilling of the North Aubry deposit with hole GTDD-22-0320 intercepting 10.7m of pegmatite demonstrating visible spodumene (assays pending), extending the known North Aubry pegmatite a further 150m down-dip from the nearest intercept.

The company declared the results from the Phase 1 drilling indicate substantial potential upside to the existing Seymour Mineral Resource estimate of 4.8 million tonnes at 1.25 per cent Li2O.

With that in mind, an updated Mineral Resource estimate for Seymour is on track for completion during Q2 CY2022.

“In total, the Phase 1 drilling program at Seymour has been highly successful,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“The results are expected to drive a substantial increase to the existing Seymour resource this quarter.

“We are also pleased to have commenced further northern and down-dip extensional drilling of the North Aubry pegmatite so rapidly.

“The initial result from hole GTDD-22-0320 offers further immediate potential to positively impact on mineralised pegmatite extents and volume.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@greentm.com.au

 

Web: www.greentm.com.au

 

Codrus Minerals Commences Red Gate RC Drilling Program

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THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) announced commencement of a major new phase of Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Red Gate gold project in Western Australia.

Codrus Minerals explained the new phase of drilling is designed to further unlock the geological potential of the Red Gate project while reflecting the company’s commitment to comprehensively define the scale of the mineralised system that has been identified to date.

The company considers the project to have potential to host both wide, higher-grade and lower-grade zones of mineralisation, with mineralisation widely distributed across all of the key prospects it has tested to date, and in particular at the Porphyry West and Porphyry North.

“We are excited that drilling is once again underway at Red Gate, building on the excellent outcomes of the initial drilling we completed earlier this year,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“While our geological understanding of the project is still developing, we know that it has potential to host two distinct styles of mineralisation, which we believe reflects the potential for a much larger system.

“We have seen both broader, high-grade zones and broader, lower grade zones, pointing to a significant level of gold endowment across the project.

“This next program is designed to give us a much clearer handle on how to vector into the higher-grade zones while expanding the overall mineralised envelope.

“Success during this program would pave the way for us to design potential resource definition programs.

“Given its location in a very active gold mining district, any ounces that we define will add significant strategic value for the company given their proximity to several major operating mills.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

Web: www.codrusminerals.com.au

 

Alto Metals Extends High Grade Gold Mineralisation at Juno

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THE DRILL SERGEANT: Alto Metals continued drilling at the company’s Sandstone gold project in Western Australia has intersected further high-grade gold mineralisation at the Juno deposit.

Juno is a recently discovered extension of the mineralised zone below the project’s Lord Nelson pit, which now extends for over a kilometre and remains open, both along strike and down dip.

Juno is the second new lode Alto has discovered within the Lords Corridor, from step-out drilling testing the strike and plunge extensions of the Lord Nelson footwall and hanging wall lodes, following the discovery of the high-grade Orion Lode.

New assay results include:

SRC590
9 metres at 3.8 grams per tonne gold from 157m, including 5m at 5g/t gold from 160m;

SRC586
7m at 4.4g/t gold from 163m;

SRC593
12m at 2.1g/t gold from 160m, including 1m at 12.4g/t gold from 169m;

SRC589
17m at 1.6g/t gold from 159m, including 3m at 6.3g/t gold from 171m; and

SRC585
10m at 1.3g/t gold from 140m, including 5m at 2.1g/t gold from 144m.

“These latest results from the recently discovered Juno Lode continue to deliver significant high-grade intercepts,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Drilling focused on testing the dip and strike of existing mineralisation within the granodiorite damage zone and along the contact of the ultramafic footwall.

“The results have successfully extended the mineralisation at Juno, demonstrating the potential to continue growing this deposit.

“Further results from drilling at the Lords Corridor are still pending, including the follow up RC hole testing the down-dip extension to SRC576 which returned 67 metres at 2.3 grams per tonne gold.

“These results are expected to received shortly.

“Our next phase of drilling at Indomitable Camp is progressing well, as we continue to focus on growing resources and look forward to sharing assay results from this drilling campaign in the coming weeks and months ahead.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

Web: www.altometals.com.au

 

Azure Minerals Encounters Early Gold Hits at Barton

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has encountered healthy gold results from exploration drilling carried out at the Daisy Corner prospect within the company’s 100 per cent-owned Barton project in the Eastern Goldfields region of Western Australia.

Daisy Corner is in the Kookynie Gold District just 300 metres north of Genesis Minerals’ Puzzle North gold deposit.

Azure’s first drilling program on the Barton project comprised 21 Reverse Circulation (RC) holes targeting northern mineralised extensions of the Puzzle North gold deposit and tested 800m of the prospective granite-greenstone contact to the northwest of the Azure-Genesis tenement boundary.

Azure has interpreted the assays it has received to indicate the mineralised system identified at Puzzle North continues into Azure’s tenement with gold mineralisation intersected in most holes.

Results include:

BTRC0002
4 metres at 0.68 grams per tonne gold from 31m downhole;

BTRC0009
10m at 0.44g/t gold from 55m downhole;

BTRC0010
10m at 0.52g/t gold from 39m downhole, including 1m at 3.98g/t gold from 46m downhole and 8m at 0.59g/t gold from 127m downhole;

BTRC0014
5m at 0.92g/t gold from 1m downhole, including 1m at 3.44g/t gold from 42m downhole and 3m at 0.63g/t gold from 54m downhole; and

BTRC0020
20m at 0.43g/t gold from 17m downhole.

“Given the early exploration stage of the Barton project we’re encouraged to have intersected widespread gold mineralisation in our first drilling program,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Surface exploration is continuing, with geophysical surveys and more drilling to be undertaken over the course of this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

The Pick at 2022 RIU Sydney Resources Roundup

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THE CONFERENCE CALLER: Try as we might, The Resources Roadhouse couldn’t reach all the presenters at the recent 2022 RIU Sydney Resources Roundup, but luckily our chums from The Pick were on hand to pick up the slack.

Resources Roadhouse at 2022 RIU Sydney Resources Roundup

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THE CONFERENCE CALLER: The Resources Roadhouse caught up with a plethora of presenters at the recent 2022 RIU Sydney Resources Roundup.

Here’s a couple to whet your appetite. To see all The Roadhouse vids from the conference CLICK HERE

 

Hammer Metals intersects Sulphides at Ajax East

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) returned home from the 2022 RIU Sydney Resources Roundup to results from initial drilling undertaken at the at the recently discovered Ajax East prospect within the company’s Mt Isa exploration portfolio in north-west Queensland.

Hammer Metals reported the drilling encountered a six-metre interval of stringer sulphide mineralisation (including pyrrhotite and chalcopyrite) within a 30m zone of highly altered metasediments, corresponding with the modelled EM conductor at approx. 290m down-hole.

Copper intersections included:

HMLVRC019
14m at 0.21 per cent copper from 42m (with noteworthy amounts of pyrrhotite present in the interval); and

HMLVRC019
1m at 1.52 per cent copper from 88m.

The company considers the presence of such a sulphide horizon at Ajax East to have upgraded the target, interpreting the results to demonstrate the active sulphide system may have potential to host economic zones of chalcopyrite mineralisation.

A follow-up Down-Hole Electromagnetic (DHEM) survey confirmed the extent of the Ajax East prospective horizon while also recording responses to the sulphide mineralisation observed in both the hangingwall and footwall positions.

Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“Ajax East is continuing to emerge as an exciting new target area, with confirmation of sulphides in the initial drilling a very encouraging development.

“Based on the available geophysics, this target horizon may continue for more than a kilometre and the presence of chalcopyrite in this hole and in nearby locations gives us confidence that this is a fertile copper system, representing an excellent exploration target that is virtually untested.

“Our inventory of high-quality targets in the Mt Isa district continues to grow in line with our extensive geophysical and geochemical programs.”

Hammer is carrying out further Fixed Loop Electromagnetic (FLEM) surveys to refine targeting and assist in designing a thorough follow-up drill program.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

 

White Noise at 2022 RIU Sydney Resources Roundup

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THE CONFERENCE CALLER: Good friends of The Roadhouse, White Noise Communications attended the recent 2022 RIU Sydney Resources Roundup where they were able to speak with some of the companies we missed.