Musgrave Minerals Encounters More Gold at Cue JV

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) continued its run of positive assay results from current from diamond and aircore drilling programs on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) in Western Australia’s Murchison district.

Musgrave Minerals reported the diamond drilling has intersected potential ore grade intersections within a dolerite basement host unit at the West Island prospect.

Recent results include:

22CUDD008
2 metres at 66 grams per tonne gold from 438m, including 0.6m at 219g/t gold from 438m,
3.5m at 4.1g/t gold from 215m, and
3.8m at 5g/t gold from 127.9m.

22CUDD007
3.5m at 16.2g/t gold from 366m, including 1m at 50.1g/t gold from 366m.

The West Island zone is part of a broad regional seven kilometres-long anomalous gold corridor within the JV.

At a regional scale, aircore drilling of new areas on Lake Austin is continuing to identify further extensions to the favourable host dolerite stratigraphy with the majority of aircore assays still pending.

“This is another strong set of results and highlights the high-grade tenor of the gold systems at West Island,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The drilling confirms the presence of multiple basement gold lodes and ongoing drilling is aimed at defining the grade and continuity of individual lodes within the host dolerite sill.

“To complement these results aircore drilling continues to identify new untested areas of gold anomalism below the cover sequence along strike from known mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Tietto Minerals Hits Big Gold in Côte d’Ivoire

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THE DRILL SERGEANT: Tietto Minerals (ASX: TIE) reported further shallow high‐grade gold results from infill drilling completed at AG Core, part of the company’s 3.45 million ounce Abujar gold project in Côte d’Ivoire, West Africa.

Latest results include:

ZDD1192A – Section 25A
1.72 metres at 61.27 grams per tonne gold from 9m, including 0.72m at 144.34g/t gold;

ZDD1222 – Section 28C
22m at 1.3g/t gold from 34m, including 1m at 11.15g/t gold; and

ZDD1194 – Section 25A
2m at 9.2g/t gold from 33m, including 1m at 16.63 g/t gold.

“Our infill drilling continues to add more shallow high‐ grade gold intercepts to AG Core,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.

“These intercepts provide confirmation of the continuity of these plunging high‐grade shoots from close‐spaced 25 metre drilling.

“These latest results are from an expanded infill drilling program aiming to grow our Measured Resources over a 2.9 kilometres strike between Section Lines 0 to 29 at AG Core and AG South, as we expect to mine these areas during the first two years of Abujar gold production.

“Our exploration team is in the process of moving four of our DD rigs to test exploration targets on the main Abujar Shear, which remains still largely untested, and undertake new resource definition drilling.

“We are fully funded to production at Abujar, which has potential to be one of the largest gold producing mines in Côte d’Ivoire, with an expected production of 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years.

“Tietto has an experienced team on board to deliver Abujar on time and on budget.

“We are on track to deliver another mineral resource update this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@tietto.com

Web: www.tietto.com

 

 

E79 Gold Mines Commences Laverton South Drill Program

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) has commenced a new phase of aircore drilling at company’s 100 per cent-owned Laverton South gold project in Western Australia.

E79 Gold Mines has designed the program to in-fill a large 1.6 kilometres long gold target it had delineated via its initial aircore drill program earlier this year and to provide more detailed geological information ahead of deeper reverse circulation (RC) drilling later this year.

“We are excited to get the aircore drill rig back to continue testing key targets at the Laverton South project,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“Recent aircore results confirmed the presence of significant gold anomalism over a strike length of more than 1.6 kilometres – and open along strike both to the north and south – at Target 3.

“Target 3 will be a priority for aircore follow-up in advance of RC drill testing.

“The large-scale program will comprise over 20,000 metres of aircore drilling, allowing us to cover a number of targets and to in-fill parts of Target 3 to gain a better understanding of the controls on the mineralisation, before we begin deeper RC drilling later this year.

“Drilling will also test for southern extensions of Target 3 as well as test multiple greenfields targets at Lake Yindana, pending heritage survey clearances.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@e79gold.com.au

 

Web: www.e79gold.com.au

 

Legacy Minerals Receives Harden Gold mine Assays

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THE DRILL SERGEANT: Legacy Minerals Holdings (ASX: LGM) brought the market up to speed regarding the exploration program being implemented at the company’s Harden Gold Mine prospect in New South Wales.

Diamond drilling was carried out to follow earlier RC drilling that returned high-grade gold intercepts that confirmed mineralisation extended along strike and down dip of historically mined areas.

This returned broad intersections that combined with the former to highlight the previously unknown large scale of the system, with broad mineralised zones intercepted within a wide and extensively altered shear zone.

Legacy has taken encouragement from these results for future drill campaigns targeting along strike and at depth.

“While not replicating the success of the initial reverse circulation drilling, the diamond drill program has confirmed a significant mineralised system and delivered significant geological insight into the Harden Gold Mine mineralisation providing LGM with additional data for its geological model,” Legacy Minerals managing director Christopher Byrne said in the company’s ASX announcement.

“It was disappointing that two of the priority drill holes intersected un-mapped workings, however these are the first ever diamond cored holes drilled into the prospect and the campaign has confirmed and highlighted the scale and extent of the mineralised system.

“The Harden project has significant potential which remains untested over the 1.2 kilometres mineralised strike.

“The company is developing drill targets to test part of the southern strike at McMahons Reef that saw historical intercepts including 3.6 metres at 21.7 grams per tonne gold.

“In the near term we will focus our exploration efforts on the Bauloora, Cobar, and Rockley projects.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@legacyminerals.com.au

 

Web: www.legacyminerals.com.au

 

Impact Minerals Gets Busy on Western Australia Portfolio

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has been busy over the past months across several of the company’s early-stage exploration projects for a range of critical and battery metals in southwest Western Australia.

Impact Minerals explained it has put together its WA project portfolio over the past 18 months as part of a strategic change in focus of the company following the discovery of the Julimar deposit just north of Perth by Chalice Mining.

The company’s on-ground exploration programs in WA to date have been focussed on the Arkun-Beau-Jumbo projects some 150 kilometres southeast of Perth where it has spent time completing initial land access negotiations.

Other activities have included synthesis and interpretation of previous exploration work currently underway on other projects including Narryer, Dalgaranga and others.

This has entailed drill programs at Doonia and Hopetoun completed earlier this year, from which assays have been considerably delayed, however results are anticipated by the end of July.

Soil geochemistry surveys have been completed at both projects to help define follow up drill targets.

Assays results from these surveys are also due by the end of July.

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Mt Monger Resources Completes First Stage of East Laverton Earn-in

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THE BOURSE WHISPERER: Mt Monger Resources (ASX: MTM) announced completion of the minimum commitment of exploration expenditure covering part of the company’s East Laverton project in Western Australia.

Mt Monger has advised Tevel Pty Ltd of the completion during the initial 12 month period of the Earn In and Joint Venture agreement between the two companies.

Mt Monger will now continue with the Stage 1 Earn In under the Agreement.

Mt Monger has an Earn In and Joint Venture agreement with Tevel to explore three exploration licences within the East Laverton project, an area it considers prospective for gold and nickel mineralisation and includes ground where exploration has indicated the presence of anomalous light rare earth elements (REE).

“We are very pleased to have met this initial milestone on the Tevel exploration licences at East Laverton,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Over the past year our team has completed several work programs and has successfully confirmed the exploration potential of the ground, particularly for rare earth elements.

“We look forward to working with Tevel as the company continues its exploration of the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com

 

Web: www.mtmongerresources.com

 

Podium Minerals Maintains Strike Rate at Parks Reef

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THE DRILL SERGEANT: Podium Minerals (ASX: POD) reported further assay results from the company’s Parks Reef exploration target near Meekatharra in Western Australia.

Podium Minerals scored the results from nine reverse circulation (RC) holes completed as part of the now completed Stage 10 exploration drilling program at the 70 to 75 million tonnes at 1.2 to 1.6 grams per tonne 3E PGM (platinum+palladium+gold) target.

highlights include:

PRRC206
6 metres at 1.39 grams per tonne 3E PGM (0.77g/t Pt, 0.43g/t Pd and 0.19g/t Au) from 177m and 25m at 1.29g/t 3E PGM (0.64g/t Pt, 0.62g/t Pd and 0.03g/t Au) from 187m; and

PRRC216
9m at 1.6g/t 3E PGM (0.8g/t Pt, 0.7g/t Pd and 0.1g/t Au) from 121m, including 2m at 2.27g/t 3E PGM (1.18g/t Pt, 0.82g/t Pd and 0.27g/t Au) from 121m.

The Stage 10 assays have so far hit a 100 per cent strike rate in the Stage 10 program intersecting the PGM reef with results in line with projected orebody widths and grade.

“Drilling associated with our stated Parks Reef Exploration Target is now complete and we are seeing strong results in line or above expectations with the deeper Stage 10 assays received,” Podium Minerals managing director and CEO – Sam Rodda said in the company’s ASX announcement.

“These results continue to demonstrate Parks Reef’s comprehensive list of attributes supporting its potential for development.

“These include a consistent 5E PGM orebody with a 15 kilometres strike length, close to surface, hosting high-grade intercepts and open at depth, with the Stage 10 program also aimed at increasing the resource size.

“We are focussed on executing the key elements to progress towards a scoping study.

“In conjunction with our drilling program supporting expansion of our Exploration Target, we continue to progress our metallurgical test work around processing pathways and are designing our future drill programs to support both the resource growth and study work.

“Emerging global hydrogen markets, as well as increasingly stringent standards around existing decarbonising technology such as motor vehicle autocatalysts, are some of the factors behind the expected deficits to palladium and rhodium supply as early as 2022

“These recent Stage 10 drilling results, along with ongoing geopolitical instability in some of the biggest PGM producing countries continues to provide confidence that our Parks Reef project is well positioned for development as an alternate PGM supplier.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@podiumminerals.com

 

Web: www.podiumminerals.com

 

 

Technology Metals Australia Conducts Vanadium Electrolyte Study to Supply Australian Batteries

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THE BOURSE WHISPERER: Technology Metals Australia (ASX: TMT) informed the market of its intention to commence a feasibility study for production of vanadium electrolyte in Australia.

Technology Metals explained the proposed plant would utilise the high purity vanadium pentoxide to be extracted from the company’s Murchison Technology Metals project (MTMP) in Western Australia to produce vanadium electrolyte to support the growing market for longer duration energy storage batteries in Australia (vanadium redox flow batteries or VRFB).

“As we move closer to a development decision on the MTMP vanadium project, we are increasing our focus on these downstream project enhancement initiatives,” Technology Metals managing director Ian Prentice said in the company’s ASX announcement.

“With an increased need for optimisation of renewable energy generation, there is a growing market for longer duration battery storage technologies such as vanadium redox flow batteries.

“With Technology Metals on track to be the world’s next pure low cost vanadium producer, the Company is well placed to become the preferred supplier of vanadium for these batteries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investos@tmtlimited.com.au

 

Web: www.tmtlimited.com.au

 

Alto Metals Hits Further Near Surface High-Grade Gold at Indomitable

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported further near surface high-grade gold results from ongoing drilling at the Indomitable Camp, within the company’s 100 per cent-owned, Sandstone gold project in Western Australia.

Alto Metals conducted wide-spaced step-out drilling north of the Indomitable North deposit that has extended mineralisation up to 500 metres outside the current resource.

Latest results include:

SRC628
13 metres at 4.6 grams per tonne gold from 24m, including 1m at 31.8g/t gold from 27m;

SRC629
15m at 4.2g/t gold from 30m, including 1m at 38g/t gold from 35m; and

SRC643
6m at 2.1g/t gold from 41m.

Extensional drilling at Indomitable North also extended gold mineralisation outside the current resource.

Results include:

SRC663
44m at 2g/t gold from 58m, including 14m at 3.2g/t gold from 84m; and

SRC655
7m at 2.1g/t gold from 9m.

“These latest shallow high-grade gold results are outstanding, with SRC628 and SRC629 extending mineralisation further north, outside the current resource,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Our systematic approach is continuing to deliver and the ongoing near surface results from Indomitable highlight a very large shallow oxide footprint, which is often the key to finding much larger high-grade gold deposits at depth.

“Drilling at Indomitable is ongoing and we look forward to updating shareholders on further results in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

 

Small-Cap Companies to Contribute at Diggers & Dealers

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THE CONFERENCE CALLER: The year is flying by and here at The Roadhouse we have suddenly realised the annual Diggers & Dealers Forum in Kalgoorlie is looming.

Diggers & Dealers is always an interesting visit for The Roadhouse as we stroll through the giant marquee catching up with old chums and meeting new ones.

The roll call of presenters this year hasn’t really thrown up anything new for us to look at, but there is a healthy mix of small cap plays rubbing shoulders with the big boys.

In the lead up to the conference, we thought we would look at some of these smaller explorers, starting with companies whose share prices currently sit under 10 cents per share (at time of writing).

 

AUSTRALIAN VANADIUM (ASX: AVL) (3.8 cents)

Australian Vanadium is developing the Australian Vanadium project at Gabanintha, which it caliams to be one of the most advanced vanadium projects being developed globally.

The project boasts a Resource of 239 million tonnes at 0.73 per cent vanadium pentoxide (V₂O₅), containing a high-grade zone of 95.6 million tonnes at 1.07 per cent V2O5 and an Ore Reserve of 30.9 million tonnes at 1.09 per cent V2O5.

This is comprised of a Proved Reserve of 5 million tonnes at 1.11 per cent V2O5 and a Probable Reserve of 20.4 million tonnes at 1.07 per cent V2O5, reported in compliance with the JORC Code 2012.

Via its 100 per cent-owned renewable energy and energy storage subsidiary, VSUN Energy, Australian Vanadium is currently working on the design and construction of a high renewable capacity stand-alone power system (SPS) for IGO’s Nova nickel operation.

IGO is set to trial an SPS based on a vanadium redox flow battery (VRFB) to power a mine process water bore pump, with a target of 100 per cent renewable energy use.

This system will be the first of its kind deployed on an Australian mine site.

 

 

 

 

 

 

 

 

ANTIPA MINERALS (ASX: AZY) (3 cents)

Antipa Minerals has a group of gold projects in Western Australia that includes Joint Ventures with both IGO and Newcrest, however these are not the pinnacle of its portfolio.

That accolade goes to the company’s 100 per cent owned Minyari Dome project that covers an area of 144 square kilometres and features a geological structure referred to as Minyari Dome.

This structure hosts the Minyari and WACA deposits that were updated earlier this year.

The Minyari-WACA Resource currently contains a combined Mineral Resource of 1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt.

This hasn’t detracted from the other projects that were bolstered by Newcrest’s decision to assume management of the Wilki project having completed the initial commitment of $6 million exploration expenditure in November 2021.

The Paterson project 2021 exploration program was fully funded by IGO as part of its $30 million farm-in and resulted in delivery of multiple high-priority targets.

These included seven high-priority copper, gold and pathfinder anomalies, three air core anomalies – one with co-incident magnetic anomaly; and four soil anomalies.

Exploration activities at Paterson in 2022 will involve air core and diamond core drilling, including diamond drill testing two Havieron look-alike targets as well as soil sampling, and airborne plus ground geophysical surveys.

 

 

 

 

 

 

 

 

 

CHESSER RESOURCES (ASX: CHZ) (8.4 cents)

Most of the recent news emanating from Chesser Resources has come out of exploration and development activities on the company’s Diamba Sud gold project in Senegal, West Africa.

Chesser has discovered three high-grade gold projects (Areas A and D and Karakara) within the Diamba Sud project.

Results of a Scoping Study released earlier this year over the Area A and Area D Mineral Resources at Diamba Sud demonstrated potential value from future mine development.

This included a 7.5-year project life producing 704,000 ounces of gold at an average AISC of US$820 per ounce with the first two years of gold production totalling 244,000 ounces of gold at an average AISC of US$545 per ounce.

The study did not include any potential Mineral Resources from the new discovery at Area H – now known as the Karakara deposit.

Chesser considers there to be plenty of Resource upside to come from Areas A and D, which currently remain open and the new discovery at Area H (Karakara).

 

 

 

GREAT BOULDER RESOURCES (ASX: GBR) (8.2 cents)

Great Boulder Resources found it hard to contain its excitement over recent drilling results came through from two diamond holes drilled at the Mulga Bill deposit within the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources’ excitement stemmed from assays received from final diamond holes drilled in April at Mulga Bill that included:

22MBRC005
5.9 metres at 39.37 grams per tonne gold from 84.3m, including 3.6m at 63.79g/t gold from 85.4m.
The company declared this result to have verified down dip continuity of its original “discovery hole” of:

21MBAC002
3m at 34.54g/t gold from 32m.

Great Boulder was also taking in results from AC drilling at Mulga Bill that returned results supporting the definition of targets for follow up RC drilling and increased drill coverage to confirm the six kilometres strike length at Mulga Bill.

The deposit currently remains open in both directions with expansion possible of the mineralised footprint to the west.

This all came on the back of news that RC drilling had recommenced at the Side Well gold project.

While available, the rig will also complete a second phase of RC drilling at the new Ironbark discovery, with extensional holes planned to test the strike extent of recent high-grade intersections announced earlier in June.

Great Boulder expects the drilling to continue for the remainder of the year as part of the company’s strategy to advance the Mulga Bill deposit towards a maiden Mineral Resource estimate as quickly as possible.

 

 

POSEIDON NICKEL (ASX: POS) (4.1 cents)

Poseidon recently released an updated combined underground high-grade and open pit disseminated Mineral Resource Estimate (MRE) for the company’s Black Swan nickel project near Kalgoorlie in WA.

The updated estimate rolled in at 28.9 million tonnes at 0.63 per cent nickel for 181,000 tonnes of nickel metal contained, an uplift of approximately 10,000 tonnes of nickel from the previous estimate.

The Black Swan Disseminated Mineral Resource update together with a previously announced high-grade underground resources update means the company’s total resources are now just over 206,000 tonnes contained nickel.

Poseidon owns the Windarra, Black Swan and the Lake Johnston nickel projects providing ownership of the mines and infrastructure including concentrators at Black Swan and Lake Johnston.

Poseidon considers all these projects to have exploration opportunities.

The company intends Black Swan will be the first project to restart followed by Lake Johnston and then Windarra, subject to codicils that include favourable Feasibility Studies, appropriate project financing structures being achieved, the outlook for the nickel price remaining positive and all necessary approvals being obtained.