Hammer Metals Extends Copper/Gold Mineralisation at Trafalgar

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) provided an update on recent activity at the company’s Mt Isa East Joint Venture with Sumitomo Metal Mining Oceania.

Hammer Metals reported a restricted drilling program at the Trafalgar deposit has confirmed extension of mineralisation to the north with new zones of mineralisation to the west of the deposit.

Intercepts include:

HMTRRC006
16m at 0.88 per cent copper and 0.34 grams per tonne gold from 192m, including 9m at 1.28 per cent copper and 0.5g/t gold from 195m;

HMTRRC007
19m at 0.70 per cent copper and 0.17g/t gold from 117m, including 6m at 1.58 per cent copper and 0.38g/t gold from 126m; and

HMTRRC008
35m at 0.42 per cent copper and 0.07g/t gold from 175m, including 6m at 1.15 per cent copper and 0.2g/t gold from 185m.

Hamer also completed detailed geological mapping along the Trafalgar trend that identified the presence of an extensive red rock-magnetite alteration zone spanning the central mineralised trend and extends along strike for 2.7 kilometres.

The company also reported the completion of the transfer of the Joint Venture between Japan Oil, Gas and Metals National Corporation (JOGMEC) and Sumitomo Metal Mining Oceania.

“With a limited budget and work program in place during the transfer of the Mount Isa East Joint Venture to SMMO, drilling has successfully extended mineralisation to the north of Trafalgar with new zones of mineralisation being identified to the west,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Following the recent completion of the transfer of the JV, Hammer has now recommenced an aggressive exploration program pursuing mineralised zones along the four-kilometre trend at Trafalgar and elsewhere within the JV area.

“Several exciting targets remain to be tested with targeting being refined in the coming weeks with detailed geophysical and geochemical surveys.

“We continue to see long delays associated with laboratory turnaround times, with results still pending from Hammer’s drilling at its 100 per cent-owned prospects at Overlander, Serendipity, Kalman West and follow up drilling at Lakeview.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Breaker Resources Takes Bombora Bigger and Deeper

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported further high-grade drill intercepts from the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Breaker Resources said the results extend the Bombora deposit to the north and south, and demonstrate high-grade growth potential in several lode types within the ore system.

Diamond drilling at the Tura lode returned multiple high-grade intercepts, including:

BBDD124
8.3 metres at 16.8 grams per tonne gold from 310m (estimated true width of 5m).

A further follow-up drill hole BBDD0129, drilled 80m to the south intersected more visible gold, for which assays are pending.

The results extend the down-plunge extent of high-grade Tura lode mineralisation to 800 metres.

Other diamond drilling extended the flat-dipping North lode array a further 80m to the north with more high-grade intercepts, including:

BBDD125
6.45m at 8.8g/t gold from 760.1m (estimated true width of 5.5m).

This array of stacked lodes now has a continuous down-dip strike of 2.2 kilometres and remains open.

Step-out RC drilling extended Bombora a further 250m south with good intercepts returned from the west-dipping Quarries lode such as:

BBRC1870
3m at 6.82g/t gold from 153m (estimated true width of 3m).

The Bombora deposit is now 3.7 kilometres long, and the Quarries fault can be traced over a 3.5km strike that extends from Bombora South into the partially drilled Carbineer area.

“Our three rigs (2 diamond and one RC) continue to deliver fabulous results expanding on the overall Bombora ore system,” Breaker Resources managing director Tom Sanders said in the company’s ASX announcement.

“Significantly, as we have drilled deeper, we have outlined a number of continuous high-grade ore shoots throughout the system.

“The steep-dipping Tura lode is shaping as a bonanza grade ore shoot, whilst the stacked, flat-dipping North lode array to the north also returned excellent high-grade intercepts over good widths, with this system now extending over 2.2 kilometres.

“Each area shows the right metrics for underground mining, and drilling continues to trace the high-grade shoots down-plunge on 80m step-outs in each area.

“The game has changed for us, not only does Bombora have the metrics to become a large open pit mine, we are now seeing the grade and continuity to allow a transition into underground mining.

“Our drilling continues, and our confidence in the continuity and magnitude of the ore system has made a giant leap.”

 

 

Email: breaker@breakerresources.com.au

 

Web: www.breakerresources.com.au

 

Allan Kelly Miramar Resources (ASX: M2R) September 2021

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Miramar Resources (ASX: M2R) reported drill results it claims to confirm the potential for Paddington and/or Panglo-style gold mineralisation at the Marylebone target within the company’s Gidji gold project in WA. Executive chairman Allan Kelly zoomed into The Resources Roadhouse to provide Wally Graham with an update on proceedings.

Predictive Discovery Records High-Impact AC Drill Results

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THE BOURSE WHISPERER: Predictive Discovery (ASX: PDI) reported high impact air-core (AC) drill results from within 1.5 kilometres of the company’s NE Bankan deposit in Guinea.

Predictive Discovery conducted the AC drilling to follow up a series of regional gold auger anomalies to the south and west of NE Bankan.

The drilling returned initial results including:

BKAC0016
16 metres at 2.3 grams per tonne gold from surface, including 2m at 7.5g/t gold from 2m, and 28m at 12.1g/t gold from 22m, including 6m at 48g/t gold from 26m, and 2m at +100g/t gold;

BKAC0015
8m at 3.3g/t gold from 6m, including 2m at 10g/t gold;

BKAC0014
4m at 4g/t gold from 16m, including 2m at 7.2g/t gold; and

BKAC0011
12m at 1.8g/t gold from 32m.

Predictive has just commenced this AC drilling program with 16 holes now reported.

The company is systematically testing multiple promising targets identified previously by regional auger drilling and structural analysis of aeromagnetic data.

“These shallow, high-grade results are a great start to our regional AC program and confirm the potential for discovering new zones of gold mineralisation very close to NE Bankan,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“Importantly, some of the new AC drill results also suggest that transported material may have been too deep in places for the auger to drill through it, opening up the possibility that some of the new mineralised zones reported here may extend significantly along strike in follow-up AC drilling.

“Our approach to exploration on the Bankan project has been methodical, starting with power auger grid drilling and/or surface geochemical sampling and following up plus 0.25 grams per tonne gold anomalies with AC drilling.

“This approach successfully led to the NE Bankan and Bankan Creek discoveries.

“With both deposits now the focus of resource studies and systematic extensional drilling, we have returned to AC scout drilling across the permit area with immediate success.

“These results are further evidence that we are just at the beginning of the Bankan discovery story with a lot more gold to find across the full project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.predictivediscovery.com

 

Miramar Resources Increases Potential for Large Marylebone Gold Discovery

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THE BOURSE WHISPERER: Miramar Resources (ASX: M2R) caused a market stir when it announced having received multiple high-grade gold results from the Marylebone target within the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources declared the new results from 1m resplits of a Phase 3 aircore drilling program carried out earlier this year confirm the potential for Paddington and/or Panglo-style gold mineralisation at Marylebone.

Results include:

GJAC306
1 metres at 6.92 grams per tonne gold (48-49m);

GJAC315
3m at 2.61g/t gold (45-48m), including 1m at 6.16g/t gold;

GJAC318
1m at 3.54g/t gold (53-54m);

GJAC325
4m at 1.11g/t gold (46-50m), including 1m at 3.55g/t gold; and

GJAC328
1m at 5.15g/t gold (52-53m).

Miramar explained that holes GJAC306 and GJAC315, which both intersected +6g/t gold, are located approximately 300m apart along the “Paddington contact”, whilst the +3g/t gold intersections in GJAC318 and GJAC325 are located 200m apart and appear equivalent to the position of the Panglo deposit.

The northwest trending contacts are crosscut by later north-south trending faults, like that seen at Paddington.

The footprint of the Marylebone target now extends for over 1.9 kilometres and remains open to the northwest on the recently granted Gidji JV tenements.

Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement that the new results continued to reinforce the significance of the Marylebone target and the potential for a large new gold discovery close to Kalgoorlie.

“The new results include the most significant gold numbers received from Gidji to date and have also helped us identify the structures with the closest similarities to the Paddington and Panglo gold deposits along strike to the northwest,” Kelly said.

“Our aircore drilling is still relatively wide spaced, given the stripped weathering profile present beneath the transported material, and the average hole depth to date at Marylebone is only about 60 metres, whereas the primary mineralisation at Paddington reportedly starts at about 70 metres, just below the supergene enriched gold zone.

“We are very excited about the opportunity for a new discovery at Marylebone and also look forward to testing the newly granted tenements along strike to the northwest, where the same geology seen at Marylebone continues for at least another 1.4 kilometres but is virtually undrilled.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@mirmarresources.com.au

 

Web: www.mirmarresources.com.au

 

Kin Mining Increases Cardinia Hill Deposit Resource

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) has updated Mineral Resource Estimate (MRE) for the Cardinia Hill deposit, part of the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining’s updated Mineral Resource Estimate for the Cardinia Hill deposit comes to 2.2 million tonnes at 1.5 grams per tonne gold for 106,000 ounces of contained gold, representing an increase of 45,000 ounces from the previous estimate.

The updated MRE is based on a gold price of $2,600 per ounce, implementing cost guidance from the Pre-Feasibility Study with mining cost assumptions increased from previous optimisations and with a lower cut-off grade of 0.4g/t gold.

The MRE contains a higher-confidence Indicated Resource, which has increased to 38,000 ounces.

The Resource includes a maiden UG Inferred Mineral Resource estimate of 125,000 tonnes at 2.71g/t gold for 11,000 ounces at a 2g/t gold cut-off grade.

Kin mining has further updates pending for multiple deposits across the CGP, which are outside the MRE, including Bruno-Lewis, Eagle-Crow, Mt Flora and Iron King.

The company anticipates to regularly update its Mineral Resource inventory as drilling results are progressively received from its Phase 4 drilling program across the Cardinia Gold Project.

“This is another pleasing update to the Cardinia Hill project Resource, delivering a 72 per cent increase in contained ounces, while also ensuring the project-wide MRE is constrained by optimised pit shells and is based on the latest gold price and operating cost assumptions,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“We are pleased to have delivered a Mineral Resource of over 100,000 ounces for the recently-discovered Cardinia Hill deposit, including a maiden Underground Mineral resource estimate.

“We believe that Cardinia Hill and several of our other deposits hold potential for similar underground estimates where we see strong potential for MRE growth and category upgrades with further drilling.

“We also have a strong pipeline of deposits that are yet to be fully assessed which are outside the latest Mineral Resource Estimate, including Eagle-Crow, Mt Flora, Iron King and further depth extensions to Bruno-Lewis deposit with further updates expected during 2022.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Burley Minerals Applies for Hammersley Exploration Licences

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) has applied for two exploration licences in the Hamersley Iron Ore Province of Western Australia.

The first of the two, the Broad Flat Well ELA covers outcropping Channel Iron Deposit (CID) mineralisation, while the second, the Hardey West ELA contains prospective stratigraphy for Bedded Iron Deposit (BID) mineralisation and is also prospective for base metal mineralisation.

Exploration Licence application 47/4580 (Broad Flat Well) is located 116 kilometres east of Pannawonica and 110km south-east of Karratha along the northern margin of the Hamersley Basin.

Exploration Licence application E47/4579 (Hardey West) covers approximately 470 hectares, located some 70km north-west of Paraburdoo and 70km westsouth-west of Tom Price.

Both applications are close to important infrastructure, such as main roads, townsites and port facilities and were lodged as part of Burley’s ongoing project generation strategy of developing a pipeline of projects by reviewing and acquiring projects that have the potential for early resource definition and development.

“The new exploration license applications in the world’s premier iron ore province demonstrates the company’s strategy of developing current resources and bringing in new value adding projects at various stages of exploration and development with the ultimate aim of compiling a portfolio of projects with demonstrable potential to add to the current resource base,” Burley Minerals managing director Gary Powell said in the company’s ASX announcement.

“These Hamersley exploration applications compliment our lead Yerecoin Iron and nickel-copper-PGE project where Burley is actively exploring and conducting a preliminary feasibility study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@burleyminerals.com.au

 

Web: www.burleyminerals.com.au

 

Meteoric Resources Encounters Thick Gold Mineralised Zones at Butchers Creek

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) reported the first results from its 2021 program at the company’s Palm Springs gold project in Western Australia.

Meteoric Resources declared strong results from the follow-up drilling program undertaken at the Butchers Creek deposit within the Palm Springs project, claiming to have confirmed the presence of thick zones of gold mineralisation enhancing the anticline hinge zone target.

Highlights of the drilling included anticlinal hinge zone intersections that confirmed large, robust intervals of:

BCRD483
57 metres at 1.6 grams per tonne gold from 223m, including 18m at 3.1g/t gold from 234m; and

BCRD484
32m at 1.4g/t gold from 266m, including 4m at 6g/t gold from 266m.

Meteoric said the results enhance the progress it has made to date at Palm Springs and provide confidence for the company to forge ahead with a Scoping Study looking at open pit and underground development scenarios.

Remaining assay results are anticipated to be delivered in October.

“We learned a great deal about the Butchers Creek deposit from last year’s highly successful drill program, in particular, gold mineralisation is stratabound within a single thick syenite unit and that the highest grade and thickest parts of the orebody occur within the hinge zone of a regional scale anticlinal fold hinge,” Meteoric Resources managing director Dr Andrew Tunks said in the company’s ASX announcement.

“This gold mineralisation forms a robust high-grade zone that plunges shallowly southeast.

“This work produced a global resource statement of 5.2 million tonnes at 1.9 grams per tonne gold for 319,000 ounces of gold, including 1.9 million tonnes at 2.2g/t gold for 139,000 ounces of Indicated Resource.

“In fact, this makes it the largest gold resource in the belt outside the Nicholsons deposit and we see it as central to any potential new development in the Halls Creek region.

“The 2021 drilling program has further fleshed out our mineralisation model.

“The orebody is exposed beneath the historic pit and plunges away to the south, with recent drilling results supporting the presence of high-grade shoots occurring within the thick moderate-grade Hinge Zone.

“It seems logical from the orebody geometry that development could proceed underground to the south from a substantially enlarged historic open pit.

“Based upon these results we will now move into the following key studies: Open pit optimisations to develop ore immediately beneath the historic pit; underground development scenarios to exploit deepest portions of the resource, initial preliminary metallurgical studies on 2021 drill core, and assessing process route designs.

“These will all be fed into a Scoping level study.

“While proceeding with this plan, we have commenced exploring for repeat orebodies within close proximity of the Butchers Creek deposit.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.meteoric.com.au

 

BlackEarth Minerals Extends High-Grade Drilling at Razafy Northwest

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THE DRILL SERGEANT: BlackEarth Minerals (ASX: BEM) reported new assay results for the company’s Maniry graphite project in southern Madagascar.

BlackEarth Minerals said high-grade assay results have extended on recently announced high-grade intersections at Razafy Northwest area within the project.

The previously reported intersections have now been extended and include:

32.7 metres at 16.3 per cent total graphitic carbon (TGC) (from 5m), including 15.3m at 25.2 per cent TGC;
39.9m at 9.4 per cent TGC (from 3m) including 16m at 14.12 per cent TGC;
38.2m at 11.9 per cent TGC (from surface); and
25.8m at 12.9 per cent TGC (from 17m).

BlackEarth indicated that final results from the Razafy Northwest drilling campaign are expected to be announced early October.

The results will be used to update the company’s Resource inventory, which is anticipated to be released to the market in Q4, 2021.

“These latest results demonstrate the enormous potential value that exists in the northwest area,” BlackEarth Minerals managing director Tom Revy said in the company’s ASX announcement.

“The increased widths, continuity of high grade and metallurgical results show that the Maniry deposit (which includes the Razafy and Razafy NW areas) is comparable to the best projects in the world.

“Given the project’s sensitivity to feed grade, the results attained to date from the Razafy Northwest area, have the potential to significantly enhance our total project economics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@blackearthminerals.com.au

 

Web: www.blackearthminerals.com.au

 

 

Apollo Consolidated Continues Wide Gold Hits at Cleo and Rebecca

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported on recent drilling activity undertaken at the company’s 100 per cent-owned Lake Rebecca gold project, located east of Kalgoorlie in Western Australia.

Apollo Consolidated reported assay results for eight infill RC holes drilled at the emerging Cleo gold discovery, a broad area of anomalous gold situated only 1.4 kilometres west of the 840,000 ounce Rebecca deposit, both of which lie within the Lake Rebecca project.

Infill RC drilling at Cleo has returned multiple wide intercepts including:

RCLR0847
25 metres at 1.43 grams per tonne gold and 13m at 1.27g/t gold;

RCLR0846
25m at 0.71g/t gold and 20m at 0.87g/t gold;

RCLR0841
11m at 2.99g/t gold; and

RCLR0845
5m at 2.3g/t gold and 10m at 0.74g/t gold.

Diamond hole RCDLR0809 confirmed gold continuity, encountering:

6m at 2.67g/t gold and 19m at 0.94g/t gold.

Apollo considers Cleo to be an example of the potential for new mineralisation to be found under areas of shallow transported cover at the project.

Exploration at Rebecca has continued to be positive, with step down exploration diamond hole RCDLR0883 hitting 15m at 2.33g/t gold and potentially opening a new zone of open mineralisation approximately 200m west and down-dip from the high-grade Jennifer structure.

Infill RC drilling at Rebecca south returned:

RCLR0850
10m at 3.53g/t gold; and

RCLR0849
10m at 1.23g/t gold.

“RC drilling rolls on, with current activity testing a combination of high-impact step-down/step-out exploration targets, as well as ongoing resource-definition work inside the Rebecca Mineral Resource estimate (MRE),” Apollo Consolidated said in its ASX announcement.

“Assay results are pending for three additional step-down diamond ‘tails’ that tested structural targets below the Rebecca MRE.

“All holes hit disseminated sulphide mineralisation at target locations.

“Additional tails are planned on receipt of results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au