Resource Base (ASX: RBX) has made swift progress at its Mitre Hill REE project on the border of South Australia and Victoria since acquisition just after the company listed last year. Resource Base executive chairman & CEO Shannon Green zoomed into The Resources Roadhouse to explain how the Mitre Hill progress is coming along as well as at the Black Range VMS project in Victoria.
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) got pretty excited about recent assay results from the last 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 sensational result is in a shallower part of Mulga Bill, on the same section as our first high-grade intersection early last year,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“The intersection is within the upper part of the weathering profile below the base of gold depletion, so there is likely to be a component of supergene enrichment in the gold grade.
“The significance of this result is that it supports our geological interpretation in that area, which has changed significantly since the first holes were drilled.
“It is also significant that the hole intersected a thicker zone of very high-grade mineralisation compared to the narrower intersections reported in earlier diamond holes.
“RC drilling has been progressing well since the end of June, with holes completed at the southern end of the Mulga Bill trend as well as at Ironbark.
“We are now drilling continuously rather than on a campaign basis, which means we expect a steady flow of results throughout the rest of the year and into 2023.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@greatboulder.com.au
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported on recent drilling activity undertaken on the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.
Caspin Resources announced assay results have been received from five RC holes, plus another two RC pre-collars at the Serradella prospect, previously known as the XC-22 prospect, at the Yarawindah Brook project.
The company considers the early results it has received from Serradella demonstrate potential for a large nickel-copper-PGE deposit.
The results included 91 metres at 0.48 grams per tonne 3E (palladium+platinum+gold) returned from a 350m step-out hole, which the company described as, “the most significant zone of metal accumulation (grade-width basis) intersected to date”.
Caspin believes the results support a new geological model, indicating a large untested search space and providing a vector towards the more prospective basal position of the intrusion.
“The proclamation of Serradella signifies our belief that this part of the Yarabrook Intrusion is a distinctly different, and more prospective, geological setting to Central Yarabrook Hill, which had been the main focus of our exploration up until recently,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.
“Our drilling has taken broad steps across Serradella, which is technically more challenging but can reward with more rapid advances to discovery.
“A vector to the more prospective parts of the intrusion is what we’ve been looking for, and just these few results appear to provide that critical piece of information.”
The results for a further thirteen holes at Serradella remain pending as do assays for six holes from the nearby Northwest soil anomaly.
Meanwhile, drilling and soil sampling is progressing at the company’s Mount Squires project and will continue through till mid-July.
“There are still many results still to come, particularly in the areas we think are more prospective,” Miles continued.
“But we think just these few results are already providing us with the focus for the next round of drilling.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@caspin.com.au
Web: www.caspin.com.au
THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has been making progress of late at the company’s 100 per cent-owned Saints nickel project in Western Australia.
Auroch Minerals recently received all assay results from an infill drilling program undertaken at Saints, which its claims to have confirmed high-grade massive and semi-massive nickel-copper sulphides.
The company will use the results in an upgrade of the Saints Mineral Resource Estimate (MRE), which is underway and expected to be completed in approximately 4 to 6 weeks.
Auroch explained the update of the Saints MRE is focussed on using the assay results and geological information from the infill drilling to upgrade a large portion of the current Saints Mineral Resource of 1.02 million tonnes at 2 per cent nickel for 21,400 tonnes of contained nickel from an Inferred Resource to an Indicated Resource category.
The company considers the expected upgrade in resource classification a critical step in the Saints Scoping Study and will result in a higher level of confidence in the financial modelling of the potential underground mining scenario.
Other recent work has involved ongoing metallurgical testwork on the nickel sulphide mineralisation at Saints.
The first-pass test of two bulk composite samples from the recent drilling was carried out, one from the Saint Patricks mineralisation and the other from Saint Andrews, following the traditional flow sheet of ‘Kambalda-style’ nickel sulphide deposits.
Both metallurgical samples produced very good concentrate grades over 14 per cent, with initial concentrate grades up to 24 per cent nickel and 5 per cent copper as well as demonstrating a healthy iron to magnesium oxide ratio (Fe:MgO)
“We are extremely encouraged with the initial results from the metallurgical testwork at Saints,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.
“The tests have shown that the sulphide mineralisation at both Saint Patricks and Saint Andrews can produce a very clean, high-grade nickel-copper-cobalt concentrate with excellent iron:magnesium oxide (Fe:MgO) ratios, which would make it a desirable ore source for any nickel sulphide beneficiation facility in the region.
“We are also pleased to have commenced work on upgrading the MRE at Saints.
“These two work streams will provide critical inputs into the Saints Scoping Study and, importantly, will result in a higher level of confidence in our financial modelling of the potential underground mining scenario at Saints.
“We look forward to the results of this work and to finalising the Scoping Study later this quarter.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@aurochminerals.com
THE DRILL SERGEANT: Jindalee Resources (ASX: JRL) reported an updated Mineral Resource Estimate (MRE) at the company’s 100 per cent-owned McDermitt lithium project in the United States.
Jindalee Resources said the updated was estimated following drilling in December 2021 of six RC and six diamond holes that were drilled with the aim of increasing confidence in the mineral resource to allow for conversion of Inferred Mineral Resource to Indicated.
The company declared this drilling encountered noteworthy widths of lithium mineralisation in every drill hole completed to date.
The updated estimate has produced a combined Indicated and Inferred Mineral Resource of 1.82 billion tonnes at 1,370ppm lithium for total of 13.3 million tonnes lithium carbonate equivalent (LCE) at 1,000ppm cut-off grade.
“The 2022 combined Indicated and Inferred Mineral Resource update represents an overall increase (from 2021) in tonnage of 25 per cent, with a three per cent increase in grade for a 28 per cent increase in contained lithium,” Jindalee Resources said in the company’s ASX announcement.
“More importantly, the Indicated Mineral Resource increased by over 165 per cent by tonnage and two per cent in grade for an overall 170 per cent increase in contained metal at this higher confidence classification.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: enquiry@jindalee.net
Web: www.jindalee.net
THE BOURSE WHISPERER: Matsa Resources (ASX: MAT) has struck a new agreement with IGO, via the latter’s wholly owned subsidiary.
Matsa Resources announced IGO Newsearch will acquire a 70 per cent interest in the Symons Hill project as well as Matsa’s other Fraser Range tenements.
Under the terms of the agreement IGO will pay $600,000 in cash and then free carry Matsa for all exploration to completion of feasibility studies or decision to mine whichever occurs earlier.
“This transaction enables IGO to have unfettered access to any part of Matsa’s Fraser Range landholding and explore the tenements to the fullest extent without specific time or cost demands,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.
“It provides Matsa with a cash boost as well as receiving the expert knowledge and exploration experience of the IGO team which is second to none.
“Matsa welcomes IGO’s exploration knowhow and capabilities throughout its Fraser Range tenement holdings.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: reception@matsa.com.au
Web: www.matsa.com.au
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) has recommenced RC drilling at the company’s Side Well gold project in Western Australia.
Great Boulder Resources kicked off the RC at the southern end of Mulga Bill where AC drilling in late 2021 intersected an end-of-hole sample grading 23.78 grams per tonne gold, an area that is completely untested by RC drilling.
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.
“I’m very happy to have Challenge Drilling back on site and on schedule, and also very excited to finally be drilling deeper holes into this southern-most target on the Mulga Bill – Loaded Dog trend,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“We’ll also complete a second round of RC drilling at Ironbark within the fortnight, where we are looking to test strike extensions and continuity of the high-grade gold mineralisation we intersected in our previous drilling.
“We’re continuing to design more holes along the six kilometres extent of Mulga Bill to keep this rig on site for the remainder of the year and into 2023.
“This is an important phase of our exploration program for Side Well, and shareholders will now see a steady flow of updates through the rest of the year.
“In related news, I’m happy to note that Great Boulder has been able to attract some excellent new employees in an extremely competitive market and we will soon have a full team of geologists and field technicians at Side Well sufficient to safely run big drilling programs.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@greatboulder.com.au
THE DRILL SERGENAT: Miramar Resources (ASX: M2R) reported receipt of new results, including several high-grade gold assays, from aircore drilling at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.
Miramar Resources explained the new results stem from resplits of aircore drill holes drilled in December 2021, mostly in and around the project’s Marylebone West and Marylebone East targets.
New high-grade gold results include:
GJAC478
1 metre at 5.18 grams per tonne gold;
GJAC480
2m at 2.03g/t gold;
GJAC490
1m at 9.55g/t gold; and
GJAC559
2m at 4.61g/t gold, including 1m at 7.76g/t gold.
High-grade gold results come from holes within the high priority Marylebone East target, where Miramar recently announced RC drilling intersected a highly altered and sulphidised dolerite, and where follow-up RC and diamond drilling is currently underway.
The best of the recent results was achieved from the far northern end of the Marylebone East target:
GJAC562
5m at 2.51g/t gold and 5m at 12.29g/t silver, including 1m at 28.91g/t silver, 0.1 per cent copper, 45ppm molybdenum and 8.42 per cent sulphur.
The mineralisation intersected in GJAC562 remains open for at least 200m and follow-up aircore and/or RC drilling is planned following receipt of all relevant approvals.
“The new results continue to reinforce the company’s belief that the Gidji JV project has the potential to host multiple new gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“With each aircore drilling program we complete at Gidji, we continue to receive multiple significant and/or high-grade gold results across several of our targets.
“Almost without exception, these results are now coming from weathered basement beneath transported material and are supported by pathfinders, with GJAC562 a good example of this.
“So far, we have outlined multiple very large aircore gold footprints.
“Our next challenge is to cost effectively locate the primary source of these footprints with deeper RC and/or diamond drilling.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@miramarresources.com.au
Web: www.miramarresources.com.au
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new high-grade gold assay results from the company’s 100 per cent-owned ground at the Cue gold project in the Murchison district of Western Australia.
Musgrave Minerals completed a round of follow-up RC drilling at the Amarillo prospect, outside the current resource, that returned further high-grade gold results, including:
22MORC094
17 metres at 2.5 grams per tonne gold from 18m, including 2m at 12.7g/t gold from 33m;
22MORC088
3m at 14.6g/t gold from 60m;
22MORC077
12m at 2.0g/t gold from 47m; and
22MORC078
9m at 2.3g/t gold from 23m.
The company explained these new intersections were encountered outside current Mineral Resource Estimate boundaries, adding it considers they have potential to further grow the resource base at Cue that currently sits at 927,000 ounces of gold.
Musgrave has carried out early stage aircore drilling to the north of Amarillo along the Western Trend that has identified new near surface regolith gold occurrences.
The company has RC drill testing of these new targets is planned for July 2022.
“These results further confirm that our exploration methodology at Cue is continuing to deliver,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“Further drilling is planned at the Amarillo discovery to support a maiden Mineral Resource Estimate expected to be completed in early 2023.
“The regional program of aircore drilling north of Amarillo has also identified new regolith gold occurrences that require further follow-up RC drilling.
“This target area is an extension of the dolerite unit that hosts the high-grade West Island gold mineralisation on the Evolution JV to the north.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@musgraveminerals.com.au
Web: www.musgraveminerals.com.au
THE DRILL SERGEANT: Turaco Gold (ASX: TCG) reported gold assay results from its first reconnaissance style drilling undertaken at the Bouake North prospect, within the company’s Eburnea project in central Côte d’Ivoire.
Turaco Gold had previously identified a large 7km by 4km gold-in-soil anomaly at Bouake North via auger drilling across the entire anomaly defining six in-situ gold anomalies.
Subsequent reconnaissance style drilling has to date tested just two of these targets and has returned high-grade, shallow gold, including:
BNRC008
3 metres at 35.79 grams per tonne gold from 40m;
BNRC001
2m at 3.94g/t gold from 27m;
BNRC004
8m at 1.44g/t gold from 56m; and
BNAC0115
7m at 1.82g/t gold from surface, including 4m at 3.07g/t gold from 3m.
Drilling has tested just two of six auger anomalies defined at Bouake North and assays are currently pending from a further recently completed 61 AC holes.
“We have delineated widespread gold anomalism at Bouake North and are pleased that first-pass, shallow drilling has confirmed the high-grade gold potential of the prospect,” Turaco Gold managing director Justin Tremain said in the company’s ASX announcement.
“Further drill results are pending with an active exploration program planned to continue over the near-term.
“Turaco currently has over 7,000 samples at the laboratory from drilling across the Eburnea and Tongon North projects and looks forward to reporting ongoing drill results over the coming months.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
