Alicanto Minerals Drills Resource Anticipation in Sweden

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) reported high-grade assays it believes will further strengthen the impending maiden JORC Resource at the company’s Sala silver-lead-zinc-(copper-gold) project in Sweden.

Alicanto received the last batch of assays, which it said included key intersections that have revealed high-grade mineralisation in the gap between Sala and Prince lodes, which the company has now interpreted to be one large system.

The latest results include:

Massive sulphide intersected in SAL22-28, of:

2.8 metres at 12.7 per cent zinc, 22 grams per tonne silver;
2.5m at 1.6 per cent zinc, 173g/t silver, 2.8 per cent lead;
4.1m at 4.5 per cent zinc, 14g/t silver.

Drilling at North-West Extension of Sala intersected:

3.8m at 653g/t silver, 0.3 per cent zinc, 2.6 per cent lead; and
1.9m at 164g/t silver, 0.6 per cent zinc, 2.3 per cent lead.

The Prince lode now extends for 750 metres along strike to a depth of 600m.

The company said the Resource estimate, which is being calculated by independent consultants Cube, is scheduled for completion in July.

“These grades are exceptional and entirely consistent with the grades which established Sala as a world-class asset in its previous life,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“The results also extend the known mineralisation along strike at Prince and establish the presence of high-grade mineralisation in the gap between the Sala and Prince lodes.

“As well as helping to further strengthen the upcoming Resource, these intersections demonstrate the immense potential for ongoing growth.

“We have two rigs continuing to drill as part of that growth strategy.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Alto Metals Drills High-Grade Gold Results From Indomitable

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported new gold results from the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Sandstone achieved the recent results from an ongoing drilling campaign underway at the Indomitable Camp, as part of a major drilling program for 2022.

New assay results relate to 17 RC holes drilled at Indomitable to an average downhole depth of 156m testing strike extensions of existing mineralisation along the main Indomitable trend and linking structures and the western side of the interpreted fold closure which hosts Indomitable and Indomitable North deposits.

Alto said the results had extended the overall mineralisation, both along strike and at depth producing results, including:

SRC613
29 metres at 4.4 grams per tonne gold from 29m, including 1m at 87.4g/t gold from 45m;

SRC626
15m at 3.8g/t gold from 44m, including 2m at 18g/t gold from 49m and 5m at 4.1g/t gold from 65m including 1m at 12.3g/t gold from 66m; and

SRC620
7m at 1.1g/t gold from 83m and 1m at 24.6g/t gold from 143m.

“These excellent results support our view that there is huge scope to grow the gold inventory at the Sandstone gold project,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Indomitable is continuing to consistently deliver shallow, high-grade gold results and, sitting within a plus-20 kilometre long gold corridor, we can clearly see this becoming a much larger mineralised system.”

The Indomitable deposit forms part of the Indomitable Camp, which is currently defined over a two kilometres strike length and sits within a plus-20km NW/SE trending gold corridor that also hosts the Vanguard and Havilah deposits.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Alto also reported further high-grade gold assay results from RC drilling below the Lord Nelson pit, as part of the RC drilling at Sandstone.

The latest results relate to the final ten extensional RC holes (SRC599 to SRC609) drilled at Lord Nelson as part of the first phase of drilling for 2022 completed at the Lords Corridor.

The new assays returned results, including:

SRC606
27m at 2.1g/t gold from 221m, including 10m at 3g/t gold from 222m; and

SRC607
11m at 1g/t gold from 178m.

“We are also pleased to announce the results from the first phase of 2022 drilling at the Lords Corridor having successfully extended the high-grade mineralisation at Lord Nelson, and confirmed the continuity of the recently discovered Juno lode, which remains open to the south,” Bowles continued.

“Both Indomitable and the Lords Corridor are exciting targets in their own right and we are fortunate that they are only two of a number of high-priority prospects in our overall growth pipeline, that we are systematically advancing.

“Drilling is ongoing at the Indomitable Camp, with the team focused on resource growth and new discoveries.”

 

 

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Ron Heeks Larvotto Resources (ASX: LRV) June 2022

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Larvotto Resources (ASX: LRV) managing director Ron Heeks visited The Resources Roadhouse to let Wally Graham know what the company is up to on its portfolio of projects spread throughout Australia and New Zealand.

Turaco Gold Drills Boundiali Extensions and Defines New Gold Zones

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THE DRILL SERGEANT: Turaco Gold (ASX: TCG) (‘Turaco’ or the ‘Company’) reported gold assay results achieved from recently completed diamond core and AC drilling at the Nyangboue prospect, within the company’s 89 per cent-owned Boundiali project in northern Côte d’Ivoire.

 

CLICK HERE TO WATCH TURACO GOLD MANAGING DIRECTOR JUSTIN TREMAIN IN DISCUSSION WITH WALLY GRAHAM

 

Turaco Gold said the latest assay results confirm extensions to previously drilled mineralisation at the Nyangboue prospect, along with a new parallel zone of mineralisation at surface over 400 metres in strike.

Mineralisation remains open in all directions at Nyangboue.

Step out diamond drilling program at the Nyangboue prospect testing for strike and down-dip extensions returned results including:

NDC018
4m at 8.34 grams per tonne gold from 21m;

NDC016
17m at 1.09g/t gold from 189m;

NDC016
20m at 1.29g/t gold from 211m;

NDC016
12m at 2.14g/t gold from 244m to EOH; and

NDC017
2m at 13.57g/t gold from 130m.

“These latest results demonstrate the potential to continue to extend mineralisation defined at the Nyangboue prospect, along strike, at depth and from new gold zones at surface,” Turaco Gold managing director Justin Tremain said in the company’s ASX announcement.

“Turaco currently has over 7,000 samples at the laboratory from drilling across the Eburnea and Tongon North projects and drilling is ongoing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.turacogold.com.au

 

 

Vital Metals Commences Saskatoon REE Plant Commissioning

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THE DRILL SERGEANT: Vital Metals (ASX: VML) has commenced feeding ore into a dense media separation (DMS) plant as part of commissioning the company’s rare earth extraction facility in Saskatoon, Saskatchewan, Canada.

Vital Metals reported it intends commissioning the Saskatoon facility incrementally over coming months with plans to produce a 2.5 tonnes rare earth carbonate sample for offtake partner REEtec Ag as the next step of product qualification.

Vital is processing ore from its Nechalacho operation in Canada’s Northwest Territories, where mining commenced in mid-2021.

The Saskatoon plant will have initial throughput capacity of 1,000 tonnes/year of rare earth oxide (REO) excluding cerium, which is equivalent to approx. 470 tonnes neodymium and praseodymium (NdPr)/year.

Stage 2 will produce 2,000 tonnes/year REO excluding cerium, equivalent to 940 tonnes NdPr/year.

“This is an exciting step for the company as we continue our transition from rare earth developer to operator,” Vital Metals managing director Geoff Atkins said in the company’s ASX announcement.

“We have been a rare earth miner for more than 12 months and now we can commence production of rare earth carbonate.

“We are excited to have reached this milestone at Saskatoon despite the challenges surrounding supply chains and logistics across the world.

“We are targeting to produce 2.5 tonnes of carbonate for REEtec as an important step of our production qualification process before we commence ramping up our volume.

“We are forecasting for this to occur in October 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: vital@vitalmetals.com.au

 

Web: www.vitalmetals.com.au

 

 

Thor Mining Identifies Electromagnetic Conductor at Ragged Range Project

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THE DRILL SERGEANT: Thor Mining (ASX: THR) recently completed an electromagnetic geophysics survey at the company’s 100 per cent-owned Ragged Range project in the Eastern Pilbara of Western Australia.

Thor Mining reported the high-powered Fixed Loop Electromagnetics (FLEM) ground geophysics survey has identified a shallow conductor beneath the nickel gossan at the project’s Krona prospect.

The survey over the gossan was designed to detect conductive anomalies at depth that may indicate the presence of massive nickel-copper sulphide mineralisation to constrain initial drill testing.

The company has interpreted the conductor to be consistent with sulphides and has deemed it to warrant drill testing to validate.

Thor indicated it would be drill testing the shallow conductor, including downhole EM, as part of an upcoming reverse circulation (RC) drilling program scheduled to commence next week at the Sterling gold prospect.

“I am encouraged that the first ground geophysics survey at Ragged Range has identified a shallow electromagnetic conductor,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“The target is modelled at around 100 metres below the surface, establishing it a clear drill target for the upcoming RC drilling program.

“We look forward to drill testing this anomaly as part of our RC drilling program, scheduled to commence at Sterling prospect next week.”

 

 

Email: corporate@thormining.com

 

Web: www.thormining.com

 

 

Justin Tremain Turaco Gold (ASX: TCG) June 2022

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Turaco Gold (ASX: TCG) managing director Justin Tremain zoomed into The Resources Roadhouse to provide Wally Graham with an update of the company’s progress on its portfolio of gold projects in the Cote d’Ivoire.

OzAurum Resources Diamond Drilling Delivers High-Grade Gold at Demag Zone

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THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) was eager to deliver results of the first completed diamond hole at its new gold discovery Demag Zone within its Mulgabbie North gold project in Western Australia.

OzAurum Resources reported the first hole intersected gold mineralisation that compares with previous Reverse Circulation drilling, which it claimed further validates the potential of Mulgabbie to be a gold discovery of some note in the Eastern Goldfields.

Diamond hole, MNODH 002, drilled at the Demag Zone returned outstanding results of;

55 metres at 1 gram per tonne gold from 47m, including 4m at 4.98g/t gold (with 1m at 15.55g/t gold).

This result closely correlates with recently reported RC hole, MNORC 177, which intersected:

56m at 1.31g/t gold from 68m, including 1m at 5.26g/t gold, and 18m at 2.07g/t gold.

“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.

“In particular, the first completed diamond hole drilled at our new virgin gold discovery Demag Zone has intersected significant gold mineralisation that closely correlates with adjacent RC hole MNORC 177, further validating the potential of Mulgabbie to be a significant gold discovery, directly adjacent to Northern Star’s Carosue Dam mine.

“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

 

 

Legacy Minerals Achieves Mt Felstead High-Grade Silver Gold Drill Results

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THE DRILL SERGEANT: Legacy Minerals (ASX: LGC) has been busy of late at the company’s 100 per cent-owned Bauloora project in New South Wales.

Legacy Minerals reported high-grade silver, gold, lead and zinc assay results achieved by RC drilling on the Mt Felstead prospect where breccia and vein hosted massive and semi-massive sulphides have been intersected.

Legacy explained the Mt Felstead prospect is the first of several high priority target areas to be drill tested at the Bauloora project with the new assay results highlighting the high-grade nature and strike extent of the deposit.

Drill result highlights include:

BM008
3 metres at 1.65 grams per tonne gold, 152.8g/t silver, 0.35 per cent copper and 6.9 per cent lead + zinc (Pb+Zn) from 149m, including 1m at 4.75g/t gold, 442g/t silver, 0.99 per cent copper and 19.47 per cent Pb+Zn from 149m; and

BM002
5m at 0.99g/t gold, 17.9g/t silver, 0.27 per cent copper and 2.76 per cent Pb+Zn from 97m, including 1m at 3.03g/t gold, 63.4g/t silver, 0.58 per cent copper and 8.12 per cent Pb+Zn from 99m.

Legacy Minerals has engaged ALS to conduct metallurgical test work on selected samples representative of the mineralisation intercepted to date at the Mt Felstead prospect with the aim of determining the best means of beneficiating the mineralised material and the best commercial means of recovering the contained metals values.

“The Mt Felstead prospect continues to showcase its high-grade nature,” Legacy Minerals managing director Chris Byrne said in the company’s ASX announcement.

“Like our initial drilling assays, we are exceedingly pleased with the results showing gold-silver and base metal mineralisation is present and open at depth and along strike.

“The Mt Felstead prospect is one of five key prospects at our Bauloora epithermal project in which where we are aggressively exploring an eight square kilometres anomalous gold zone with plans to continue drilling in the near future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@legacyminerals.com.au

 

Web: www.legacyminerals.com.au

 

 

Dreadnought Resources Intersects High-Grade Rare Earths at Yin

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) should have a tale to tell at next week’s Gold Coast Investment Showcase following commencement of RC drilling at the REE ironstones and carbonatites, within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources has a drilling campaign of 66 holes underway at the Yin REE ironstone, which has already intersected multiple ironstones from surface with upwards of 50 metres of combined mineralisation to a depth of 180m, with mineralisation remaining open at depth and along strike.

All samples have been analysed in the field by a handheld pXRF unit indicating the tenor of the REE mineralisation and samples have been dispatched to the labs for rush analysis.

Preliminary pXRF results from the first line of drilling at Yin include:

YINRC001
33 metres at 2.5 per cent total rare earth oxides (TREO) from 1m, including 10m at 6.3 per cent TREO from 11m;

YINRC003
17m at 2.2 per cent TREO from 58m, including 9m at 3.3 per cent TREO from 58m;

YINRC005
34m at 2.9 per cent TREO from 95m, including 20m at 4.20 per cent TREO from 104m;

“Drilling of the rare earth ironstones at Mangaroon is off to a fantastic start with every hole of the first drill line intersecting significant thicknesses of mineralised ironstone, Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The intercepts have exceeded expectations and puts Yin on the path to be a significant REE discovery.

“Samples have been rushed for assay and as drilling progresses, we will provide additional updates.

“To achieve this result nearly one year to the day of our first rock chips results at Yin is a significant accomplishment and a testament to the hard-working Dreadnought team and our positive working relationships with all stakeholders involved.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au