Alicanto Minerals Reports Swedish Maiden Resource at Sala

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has announced a maiden JORC 2012- compliant Inferred Resource the company’s Sala zinc-silver-lead project in Sweden.

Alicanto Minerals has delivered the maiden Resource at the Sala project just over a year since acquisition, with the mineralisation system remaining open for further growth both at depth below the Prince and Sala Lodes and from surface along the prospective lithological horizon.

The reported Maiden Resource comprises a total of 9.7 million tonnes at 4.5 zinc (Eq) containing over 311,000 tonnes of zinc, 15 million ounces of silver and 44,000 tonnes of lead; reported at 2.5 per cent zinc (Eq) cut-off.

Included in the Resource Estimate is a coherent near surface high-grade breccia zone dominated by semi massive sphalerite which contains the majority of 4.5 million tonnes at 6 per cent zinc (Eq) containing 8.5 million ounces of Silver and 201,000 tonnes of zinc reported at a 4 per cent zinc (Eq) cut-off.

“This is an outstanding maiden Resource which demonstrates the growing scale and quality of the Sala project,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“The fact that we established such a substantial Resource in just over a year of taking ownership also highlights the strength of the mineralisation and the immense ongoing growth potential.

“We believe there is significant inventory growth to come, with the mineralisation open in every direction and numerous highly prospective targets to drill.

“We will maintain the pace of drilling to unlock the full value of this asset, creating significant value for Alicanto shareholders in the process.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

 

OzAurum Resources Reports Drilling Results From Demag Zone Gold Discovery

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THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) appeared pleased with results from a recently completed ten-hole reverse circulation (RC) program Demag Zone gold discovery at the company’s Mulgabbie North project in Western Australia.

OzAurum Resources reported results from RC holes that included:

MNORC 192
57 metres at 1.05 grams per tonne gold – (from 119m), including 21m at 1.31g/t gold and 10m at 1.72g/t gold;

MNORC 184
20m at 2.55g/t gold – (from 251m), including 10m at 3.62g/t gold;

MNORC 191
43m at 0.82g/t gold – (from 56m), including 15m at 1.32g/t gold; and

MNORC 186
1m at 19.6g/t gold – (from 43m).

OzAurum also received results for a second diamond hole recently completed at the Demag Zone that included:

MNODH 003
40m at 0.95g/t gold – (from 92m), including 5m at 3.32g/t gold; and

9m at 1.52g/t gold – (from 137m), including 3m at 3.05g/t gold.

Diamond drilling has continued at the Demag Zone with fourth diamond hole, MNODH 005, at a current depth of 74m and planned to be drilled to a depth of 600m.

An additional nine-hole RC drilling program is planned to commence soon.

“We are excited to report on the significant drilling progress at our Mulgabbie North gold project,” OzAurum Resources CEO and managing director Andrew Pumphrey said in the company’s ASX announcement.

“The RC holes and second diamond hole drilled at the new virgin gold discovery Demag Zone have continued to intersect significant gold mineralisation, further validating the potential of Mulgabbie to be a significant gold discovery.

“We look forward to providing shareholders with further drilling updates at this exciting new discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ozaurumresources.com

 

Web: www.ozaurumresources.com

 

Corazon Mining Enlists University to Identify Porphyry Copper System

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has used a study by the University of Tasmania to identify a new target area it considers having potential as a porphyry copper deposit at the company’s Mt Gilmore project in New South Wales.

Corazon Mining explained the new porphyry copper target area has been generated from initial results of a mineral chemistry vectoring study conducted by the university and based on the results of this work, Corazon plans to undertake a new phase of targeted fieldwork at the Mt Gilmore project.

The Mt Gilmore project is located within the New England Orogen of northeastern NSW where Corazon has carried out geochemical and geophysical surveys that have indicated potential for concealed intrusion related or porphyry copper-gold hydrothermal systems.

However, identifying precise drill targets has proved difficult due to the size of the geochemical anomalies, poor surface exposure and lack of historical drilling.

Work by the Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania has included porphyry vectoring and fertility tools (PVFTs) to assist in the exploration for blind mineral deposits.

Corazon indicated its next plans will include a phase of exploration at the Mt Gilmore project next month.

This will include surface rock-chip sampling for detailed Mineral Chemistry Vectoring Studies and geophysical surveys (possibly gravity and IP), initially targeting the Gordonbrook Hill prospect.

This low impact exploration is expected to be completed over the next three to four months, subject to availability of geophysical contractors.

 

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Battery Minerals Confirms Coxs Find Trend Potential

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THE DRILL SERGEANT: Battery Minerals (ASX: BAT) believes it has drilled gold project potential at the company’s Stavely-Stawell gold-copper project in Victoria.

Battery Metals has recently completed shallow AC drilling along the Coxs Find Trend that it considers to have produced results confirming the potential for a gold discovery.

The drilling extended the target corridor to over 2.5 kilometres, with results including:

22BATAC136
1 metre at 4.94 grams per tonne gold from 27m, within 8m at 0.79g/t gold from 27m to EOH.

The company is now preparing to kick off a drilling program at the Azura copper-nickel project in Western Australia (formerly called the Russells project) comprising six diamond holes designed to test priority EM and geochemical targets.

Several contingency drill sites are also being prepared to allow for flexibility in the drilling schedule based on ongoing results.

Environmental permitting has been received with heritage clearance, earthworks and drilling planned in July-August 2022.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@batterymetals.com

 

Web: www.batterymetals.com

 

Aurumin Encounters Encouragement in First Two Mile Drilling

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THE DRILL SERGEANT: Aurumin (ASX: AUN) announced assays results for the first hole of a reverse circulation (RC) and diamond drilling program currently underway at the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.

Aurumin is conducting the drilling to try to both extend and better define the existing inferred underground Mineral Resource Estimate (MRE) of 14.2 million tonnes at 1.1 grams per tonne gold for 500,000 ounces at Two Mile Hill.

On the first hole, RC drilling was carried out as a pre-collar to a depth of 109.5 metres and the diamond drilling tail extended the hole to a down-hole depth of 582.5m, resulting in 313m of the tonalite intrusive logged with numerous occurrences of visible gold.

A mineralised hanging wall zone of basalt and tonalite was also drilled after the main tonalite body.

From the start of tonalite through to the end of the mineralised hanging wall zone the drilling encountered:

SN_TM_RD_22_0002
344 metres at 1.29 grams per tonne gold, including

40.9m at 2g/t gold from 243.5m;
21.8m at 2g/t gold from 363.9m;
16.1m at 2.9g/t gold from 409.9m;
19.3m at 2g/t gold from 528.7m; and
22.2m at 2.5g/t gold from 555m.

“We are very happy with how Sandstone is progressing,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“We have been expanding our tenement footprint, looking for new deposits and advancing the 500,000 ounces gold Two Mile Hill underground deposit with deep holes.

“This is a great result from our first hole at Two Mile.

“We look forward to further results, with the fourth diamond drill hole and program now completed.

“We continue to see the Two Mile Hill underground deposit as a key part of the project going forward, with the scale to potentially underpin future production.”

 

TO READ TH EFULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurumin.com.au

 

Web: www.aurumin.com.au

 

 

Vital Metals Produces High Grade TREO Concentrate at Saskatoon Plant

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THE DRILL SERGEANT: Vital Metals (ASX: VML) reported results from the first feed of the dense media separation (DMS) unit at the company’s Saskatoon rare earths extraction facility in Saskatchewan, Canada.

Vital Metals said the results show the DMS plant Sinks achieved comparable grades to those seen in testwork, with 43.7 per cent total rare earth oxide (TREO) achieved from the DMS Cyclone at Saskatoon.

This compares favourably with the 44.6 per cent TREO achieved in laboratory conditions.

The DMS unit also achieved 75.2 per cent recovery in its first run for a single pass, processing approx. 2,300 kilograms of concentrate mined at Vital’s Nechalacho rare earth project (North T zone), sorted onsite and then crushed at the Saskatchewan Research Council (SRC) facility adjacent to the company’s Saskatoon plant.

With the concentrate grade reaching the target, Vital will make adjustments to the plant before conducting further trials conducted that involve taking the tails (floats) from the first pass and subjecting it to a second scavenging step to try and increase the recovery further, whilst maintaining the combined sinks concentrate grade of greater than 40 per cent TREO.

“Our team has achieved outstanding results from the DMS unit during initial commissioning at Saskatoon and the fact that on the first run we hit the laboratory test grades for total rare earths with 75 per cent recovery with low grade feed material is above expectations,” Vital Metals managing director Geoff Atkins said in the company’s ASX announcement.

“There will be work to do with optimising our process over the coming months but these initial results demonstrate incredible potential.

“It gives us a great level of confidence for future commissioning activities through the remaining process.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: vital@vitalmetals.com.au

 

Web: www.vitalmetals.com.au

 

Tesoro Gold Recommences Drilling at El Zorro Gold Project

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THE DRILL SERGEANT: Tesoro Gold (ASX: TSO) has recommenced drilling at the company’s El Zorro gold project in Chile.

Tesoro Gold has two diamond drill rigs spinning at the Ternera gold deposit at El Zorro where the company recently announced an upgraded Mineral Resource Estimate (MRE) of 1.1 million ounces at 1.12 grams per tonne gold.

The company indicated the drilling aims to rapidly increase gold resources and upgrade resource classifications at the Ternera deposit, which is open in all directions.

Other work underway includes surface mapping and sampling work at the new Kitsune and Calderillas targets to better define the main gold zones prior to drilling.

Tesoro anticipates additional surface sampling results will be received during July 2022 and drilling to commence on the new targets in early August 2022.

“We are pleased to get drill rigs operating again at El Zorro with a focus on the continued expansion of the Ternera gold deposit, and testing some of the exciting district targets we have recently delineated,” Tesoro Gold managing director Zeff Reeves said in the company’s ASX announcement.

“Our belief is that Ternera has significant potential for continued resource growth, with initial drilling focused on adding additional ounces within the existing optimised pit shell.

“We see significant opportunity, particularly down plunge of the high-grade zones defined in the MRE which the first three holes will target, before looking to expand the deposit north and south where mineralisation remains open.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@tesorogold.com.au

 

Web: www.tesorogold.com.au

 

Green Technology Metals Drills Further Step-Out Results at Seymour

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) has recommenced diamond drilling activity at the company’s Seymour lithium project in Ontario, Canada.

Green Technology Metals recommenced diamond drilling at the project’s North Aubry deposit in June.

Two holes to date have been completed the first hole (GTDD-22-0323) returned 17.9 metres spodumene bearing pegmatite from 218m.

The second completed hole (GTDD-22-0128) was drilled down-dip of GTDD-22-0323 and returned 18.6m spodumene bearing pegmatite from 312m, plus a further 6.41m pegmatite interval 60m above main zone.

Assays results for both holes are currently pending.

Green Technology explained the focus of current drilling at North Aubry is further growing the recently updated Mineral Resource estimate along strike to the north along with further depth extensions.

“We are off to a great start with the resumption of drilling at Seymour following the winter thaw period,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“The first step-out hole at North Aubry has intersected a significant spodumene bearing pegmatite interval, which was considerably thicker than we had modelled.

“This is expected to significantly increase the mineralised volumes in this targeted strike extension and deliver growth in our recently released interim Mineral Resource estimate at Seymour.

“We are set to continue stepping out to the north at North Aubry, targeting further strike extension of the North Aubry deposit in this direction.

“The potential of the deposit in this area, both along strike and down-dip, remains a big opportunity in terms of significant further high-grade resource growth.

“We are also on track to recommence drilling at the Pye prospect in the coming days.

“The geology at Pye remains a huge prospect for us and we are looking forward to advancing our systematic target drilling of this zone.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@greentm.com.au

 

Web: www.greentm.com.au

 

 

Chalice Mining Updates Gonneville Mineral Resource

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THE DRILL SERGEANT: Chalice Mining (ASX: CHN) reported an updated Mineral Resource Estimate (MRE) for the Gonneville deposit, the first discovery made at the company’s 100 per cent-owned Julimar nickel-copper-PGE project in Western Australia.

Updated Indicated and Inferred, open-pit and underground mineral resource estimate has come in at:

350 million tonnes at 0.96 grams per tonne 3E (Palladium (Pd) + Platinum (Pt) + Gold (Au)), 0.16 per cent nickel, 0.1 per cent copper, 0.015 per cent cobalt (approx. 0.58% nickel equivalent (NiEq) or approx. 1.8g/t palladium equivalent (PdEq3));

Containing 11 million ounces 3E, 560,000 tonnes nickel, 360,000 tonnes copper, 54,000 tonnes cobalt (approx. 2 million tonnes NiEq or approx. 20 million ounces PdEq);

“The work we have completed since publishing our maiden Resource in November last year continues to demonstrate the world-class endowment, scale and quality of the Gonneville deposit,” Chalice Mining managing director & chief executive officer Alex Dorsch said in the company’s ASX announcement.

“Apart from further increasing the contained metal, this Resource update has resulted in a significant increase in the higher-confidence Indicated Resource – which now represents approx. 70 per cent of the total.

“Importantly, 90 per cent of the resource above a depth of 250 metres is now classified as Indicated, which represents a major de-risking step for the project.

“The Indicated component of the Resource will underpin the Scoping Study, which is progressing well and due for completion in Q3 2022.

“The continued growth in the higher-grade sulphide component – both in an expanded open pit optimisation and, significantly, in our first reported underground Resource, further enhances the significant development optionality of the deposit.

“It is also evident from recent exploration results that there is enormous growth potential both at depth at Gonneville and along the effectively untested Julimar Complex to the north.

“While we already have a tier-1 scale deposit which has the potential to underpin a world-class, long-life green metals project, the resource base is expected to continue to grow.”

 

 

Email: info@chalicemining.com

 

Web: www.chalicemining.com

 

Black Cat Syndicate Reports Near-mine, High-Grade Gold at Paulsens

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) shook the market awake this morning by releasing additional assay results from previous drilling undertaken at the company’s Paulsens gold operation in Western Australia.

Black Cat Syndicate is undertaking an extensive geological review as part of its objective to find another Paulsens deposit (+1Moz).

This review includes new interpretations of the Paulsens orebody and incorporating all drilling intercepts into revised Resource models.

Structural and 3D seismic reviews are also underway.

Via the review, Black Cat has identified previously unreleased diamond core assay results from drilling undertaken in 2020 that include extremely healthy, near mine, high-grade results from outside of the current reported Resource the company believes highlights strong potential to extend the current 89,000 ounces at 5.8 grams per tonne gold underground Resource.

The results include an astonishing:

PDU4518
1.42 metres at 102.37g/t gold from 19.34m.

This result is no orphan, being supported by others that include:

PDU4550
6.19m at 15.86g/t gold from 23.72m;

PDU4544
0.94m at 58.1g/t gold from 19.50m; and

PDU4542
1.33m at 26.07g/t gold from 22.02m.

Further, thick, high-grade infill results have also emphasised the robust nature of the current Resource, including:

PDU4536
5.72m at 35.32g/t gold from 36.78m; and

PDU4537
5.99m at 25.23g/t gold from 16.88m.

“Paulsens is a high-quality, well-maintained operation with significant Resource growth potential,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“We consider the mining and processing of remnant resources could have the potential to repay the Paulsens and Coyote acquisitions.

“However, the main game is to find another Paulsens (+1Moz) near existing underground infrastructure.

“We have made a strong start on this front, with a detailed geological review well underway and are expecting to generate numerous high-quality targets as we embark on our quest to discover another Paulsens with drilling to start in September 2022.

“Our track record to date is that we have discovered 1.5 ounces for every one ounce acquired and we plan to better this at Paulsens.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au