Elementos Extends Cleveland Tin and Tungsten Mineralisation

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THE DRILL SERGEANT: Elementos Limited (ASX: ELT) claimed confirmation of extensions to both the Battery Tin-Copper Lode and deeper Foley’s Tungsten Zone at the company’s Cleveland tin project in Tasmania.

Elementos reported assay results from a recently completed reconnaissance diamond drill hole program that included:

Tungsten intercept of 14.2 metres at 0.36 per cent tungsten from 221m; and

Tin-copper intercept of 3.85m at 1.05 per cent tin and 0.28 per cent copper from 64.25m.

Foley’s Zone is one of two known deposits at Cleveland, the other being Battery Lode, that make up part of the project’s Mineral Resource.

“In just one hole, in an area with very little historical exploration, the company has made a significant development at the Cleveland project, extending both the Battery Tin-Copper Lode and identifying new tungsten mineralisation 150 metres above the existing Foley’s Zone,” Elementos managing director Joe David said in the company’s ASX announcement.

“This is firm evidence that the current Cleveland Mineral Resource and geological model does not fully encapsulate the immense potential of the deposit.

“We’ve shown further mineralisation exists, close to the current resource, closer to the surface and in very close proximity to historical underground mine production drives.

“Our four-hole drill campaign is now complete ahead of more assays to follow.

“We will now proceed with downhole geophysical surveys and further geological interpretation before designing a targeted follow-up drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Caprice Resources Confirms Solis Gold Anomaly

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) released an update on recent activity at Solis prospect, located at the southern end of the company’s Island gold project (IGP) in the Murchison Region of Western Australia.

Caprice Resources carried out an aircore program at Solis earlier this year that delineated a plus-one-kilometre-long regolith gold anomalous zone.

This was followed up by an infill program consisting of 39 holes tightening the hole spacing in the main anomalous areas.

In-line with the first aircore program, 4m composite samples were collected downhole, with 1m resamples taken for composite samples that returned gold values greater than 0.1 grams per tonne gold.

Better 1m results from the infill program include:

22IGA0088
1 metre at 3.6 grams per tonne gold from 37m;

22IGA0086
1m at 1.3g/t gold from 34m; and

22IGA0095
1m at 1.0g/t gold from 17m.

Caprice indicated the results from the infill program at Solis will be used to design an RC drilling program, which is scheduled for late June to early July.

“The maiden aircore program at Solis was an exceptional success, generating a large-scale anomaly in an untested area,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“The scale and coherence of the anomaly is outstanding.

“This infill aircore program has confirmed the +1km gold anomaly and, in addition, it has enabled Caprice to effectively plan deeper RC drilling to test for mineralisation in fresh rock.

“We look forward to assessing the depth potential within the next few weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@capriceresources.com

 

Web: www.capriceresources.com

 

Medallion Metals Increases Kundip Resource

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THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported an expanded JORC 2012 Mineral Resource Estimate (MRE) at the Kundip Mining Centre (KMC), part of the company’s 100 per cent-owned flagship Ravensthorpe gold project (RGP) in Western Australia.

The updated MRE at KMC has come in at 16.5 million tonnes at 2.1 grams per tonne gold and 0.3 per cent copper for 1.1 million ounces of gold and 50,000 tonnes of copper metal contained.

Of note, 67 per cent of the gold estimated is in the Indicated category, the remainder in Inferred.

The revised gold content represents a 64 per cent increase from the previous MRE of 674,000 ounces of gold at 2.4g/t.

Silver is also contained in the expanded MRE to the tune of 1.3 million ounces.

“This result is outstanding on all metrics and comprehensively exceeds our expectations when Medallion listed in March 2021,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“It is the culmination of an enormous effort by the Medallion team and I pay credit to their vision and perseverance.

“The result also represents a significant milestone for the business and its shareholders as we have clearly demonstrated that KMC is an asset of scale and significance.

“The company is on a trajectory to achieve critical mass to support the development of a long-life, low-cost gold and copper business in Ravensthorpe.

“We expect further significant growth in resources to come from both KMC and our priority regional targets in the near term, with another circa 20,000 metres of drilling already completed and being processed to inform the next update.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Forrestania Resources Hits Further Strong Gold Results at Black Prince

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THE DRILL SERGEANT: Forrestania Resources (ASX: FRS) reported further assay results from field work completed at the Black Prince gold prospect within the company’s Forrestania project in the Goldfields – Esperance region of Western Australia.

Results of high-grade gold rock chips received from Black Prince field work included:

6.1 grams per tonne gold (FR000191)
5.6g/t gold (FR000145)
4.5g/t gold (FR000129)

Forrestania Resources indicated planning has commenced for an initial drill program on the back of the results it says confirm the presence of strong surface gold anomalism over a strike length of approx. 2.3 kilometres.

“At Black Prince we continue to see a strong correlation between gold anomalism from rock chips and soil sampling with northwest orientated structures identified from the geophysical survey recently completed at the Forrestania project,” Forrestania Resources chief executive officer Angus Thomson said in the company’s ASX announcement.

“An environmental survey has been completed at the prosect and a POW approval has recently been received with planning for an initial drill program at Black Prince now underway.

“This is an exciting time for Forrestania as we continue to progress our field work and approvals ahead of pending drill programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: corporate@emmersonresources.com.au

 

Web: www.emmersonresources.com.au

 

Emmerson Resources Intersects Visual Gold and Copper at Hermitage

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) reported hitting visual gold and copper whilst drilling at the company’s Hermitage project in Tennant Creek.

Emmerson Resources declared the latest drillhole completed at Hermitage (HERCDD010) to have intersected:

o Extensive malachite in voids and vugs within hematite ironstone (from 74m down hole);

o Native copper both in the ironstone and as vug fill;

o Visible gold in massive hematite-magnetite-quartz that is terminated by a 10m wide fault/shear zone (at 171m);

o Chalcopyrite as veins, fractures, and cement in quartz-dolomite-hematite hydrothermal breccia (below the fault) and as blebs (to 190m) before finally intersecting; and

o Chalcopyrite and bornite in stockwork quartz veins, fractures and stringers that gradually grade to minor blebs/specks of chalcopyrite (at 222m down the hole).

Emmerson explained HERCDD010 was drilled as an angled scissor hole in the opposite direction to previous drilling to test below the fault encountered by discovery drill hole HERC003 (116m at 3.4% copper and 0.88g/t gold) and confirms that copper mineralisation continues at depth.

“Hermitage is shaping up as one of our most exciting projects and continues to exhibit hallmarks of a significant gold-copper discovery,” Emmerson Resources managing director Rob Bills said in the company’s ASX announcement.

“New zones of mineralisation continue to be intersected with this latest drill hole intersecting visible gold, plus a new zone copper mineralisation below the fault that truncated the previous high-grade gold and copper in discovery drill hole HERCDD003.

“This new zone of copper mineralisation consists of bornite-chalcopyrite hosted by breccias and stockwork quartz veins – interpreted to be the feeder conduit to the overlying hematite-magnetite ironstones.

“The mineralisation is hosted in multiple, east-west striking structurally controlled, ironstone bodies that are steeply north plunging, and now with this intersection, are also open down plunge.

“Whilst the tabular to pipelike geometry of the mineralisation constrains the surface (horizontal) footprint as is typical in most of the Tennant Creek iron-oxide copper-gold deposits, the grade and plunge extent are the main determinants of the future potential.

“Furthermore, there are now three distinct targets at Hermitage that include: shallow copper in the oxide zone; gold associated with massive hematite and, primary copper mineralisation below the fault hosted in breccias, stockwork veins and fractures.

“This has important exploration implications both at Hermitage in terms of further potential but also in the region where the stockwork and fracture-controlled chalcopyrite-bornite mineralisation represents a new target.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: corporate@emmersonresources.com.au

Web: www.emmersonresources.com.au

 

Ardiden Drills Pickle Lake Upside Confirmation

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THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) informed the market on initial gold assay results from the company’s Pickle Lake gold project in Canada.

Ardiden reported the first three holes to be assayed of its current 7000m Western Hub drill program at Pickle Lake demonstrated visual gold and massive sulphide intervals and included assay results of:

Esker Prospect

WP22-03
148 grams per tonne gold and 57g/t silver (70.29-70.59m)

Tonsil Prospect

DD22-04
33.6g/t gold (117.5-117.8m); and

DD22-03
9.45g/t gold (107.5-108.2m).

Ardiden claims to have noted visual gold, sulphides and alteration in initial drilling at four gold prospects (Esker, Tonsil, Dobie and Dorothy) with 29 holes and 4,000m of the 7,000m program completed to date.

“We are extremely pleased to report these high-grade gold results from the first three holes assayed of the 7,000 metres program along the Western Hub,” Ardiden managing director and CEO Rob Longley said in the company’s ASX announcement.

“We will have results from another 26 completed holes to report progressively, and at least another 3,000 metres of drilling to go in this program.

“This confirms our targeting strategy along the Golden Patricia trend and supports our broader vision for what we anticipate at Pickle Lake as we better understand the controls of gold mineralisation and opportunities to make significant discoveries.”

Ardiden also reported receipt of two additional exploration permits from the Ontario Mines Department (MDMNRF) to work on the Meen-Cooper area, northwest of Dorothy, and the East Patricia area, east of Esker.

Ardiden now has a fully permitted 60 kilometres strike length of highly prospective brownfields gold opportunities along the Western Hub across its plus-100km-wide gold project.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

Global Lithium Resources Continues MBLP Drilling Hits

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) set an early Friday morning alarm to report further lithium assay results from the Exploration Program underway at the company’s wholly-owned Marble Bar lithium project (MBLP) near Port Hedland in the Pilbara region of Western Australia.

Global Lithium’s recent drilling efforts have continued to deliver intervals of lithium mineralisation at the MBLP, including:

MBRC0258
11m at 1.42 per cent lithium (Li2O) and 62ppm tantalum (Ta2O5) from 25m;

MBRC0269
12m at 0.88 per cent Li2O and 44ppm Ta2O5 from 82m;

MBRC0270
9m at 1.09 per cent Li2O and 61ppm Ta2O5 from 44m;

MBRC0271
10m at 0.81 per cent Li2O and 80ppm Ta2O5 from 40m;

MBRC0300
7m at 1.00 per cent Li2O and 71ppm Ta2O5 from 24m; and

MBRC0310
7m at 1.82 per cent Li2O and 66ppm Ta2O5 from 20m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Global Lithium said the wide intervals encountered by the drilling continue to demonstrate the robustness of the MBLP and enhance the opportunities for increasing the resource base in proximity to the current Archer deposit and along strike further to the south and east.

Ongoing drilling will target these lithium mineralised pegmatites to establish their prospectivity both along strike and down dip.

“Commencing in February 2022, our 60,000 metres exploration drilling program has continued to build momentum at the MBLP, with lithium intercepts continuing along the greater than six kilometres strike of the mineralisation already identified within the project area,” Global Lithium head of geology Stuart Peterson said in the company’s ASX announcement.

“The results highlight the prospectivity of the area, particularly as the drilling moves to the southern and eastern areas of GL1’s tenement package.

“The drilling program supports the targeting effort by the Global Lithium and CSA Global geology teams and provides a strong platform for future growth.

“Our immediate exploration focus, to add shareholder value across our two assets, remains clearly defined.

“Firstly, deliver the ongoing CY2022 program at MBLP, including the highly prospective targets that remain untested and secondly, safely execute a 20,000 metres drilling and exploration campaign at the Manna lithium project in the Goldfields region.

“To our knowledge, we are the only lithium company to be drilling at two independent lithium project sites in the globally recognised, tier 1 lithium mining jurisdiction of Western Australia.”

 

 

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au

 

 

Dreadnought Resources Completes Mangaroon Drilling

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) was up with the sparrows today to let market pundits know of the completion of recent drilling activities at the Money Intrusion, part of the company’s Mangaroon nickel-copper-PGE project in the Gascoyne Region of Western Australia.

Dreadnought Resources reported drilling of twelve RC holes to confirm nickel-copper-PGE mineralisation, to better understand the morphology of the Money Intrusion, and to provide down hole EM survey platforms to explore the intrusion at depth.

The company claimed the drilling confirmed visual disseminated to net-textured/brecciated sulphide mineralisation in nine of the twelve holes drilled.

Drilling of the intrusion is said to have confirmed a bladed /funnel like shape with magmatic sulphides occurring along the base of the intrusion highlighting the potential for sulphide accumulations at depth.

Dreadnought said the presence of high-tenor magmatic sulphides at the base of the intrusion confirms the intrusion as fertile and highly prospective for nickel-copper-PGE mineralisation.

Down hole EM surveys will commence in July 2022 with survey and assay results expected in July/August 2022.

“The potential of the Money Intrusion to host significant, high tenor nickel-copper-PGE mineralisation has been underscored with nine out of twelve drill holes intersecting disseminated to net-textured nickel-copper sulphides along both sides of a bladed to funnel shaped mafic intrusion,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With only a handful of relatively shallow holes drilled to date, the Dreadnought-First Quantum team have confirmed a large scale, fertile nickel-copper-PGE system.

“We look forward to the down hole EM survey and assay results and working together with First Quantum to determine the next steps in testing the Money Intrusion.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Black Cat Syndicate Gets Final Grade Control Drilling Underway at Myhree Open Pit

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) greeted early Friday morning risers with news of the resumption of grade control drilling at Myhree, located within the company’s Kal East gold project in Western Australia.

Black Cat Syndicate reported a RC drill rig has been mobilised to Myhree to complete the remaining 50 per cent of grade control drilling over the upper 50 metres of the Open pit Ore Reserves of 0.7 million tonnes at 2.2 grams per tonne gold for 52,000 ounces that have been defined at Myhree.

The program is expected to be completed in June 2022 with assays available July 2022.

On conclusion of this program, all pre-development drilling at Myhree will be complete.

This will allow mining to commence at Myhree either as part of a toll treatment arrangement or as the first open pit to be developed once the Kal East processing facility is constructed.

“Myhree was discovered in 2018 and it is a significant achievement by the team to have the open pit portion of the deposit in a position to be mined by July 2022,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The current program will complete the remaining grade control drilling to 50 metres depth below surface and will be completed this month.

“A small amount of sterilisation drilling will also be conducted as part of our pre-mining activities around Myhree.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au

 

Roadhouse Investment Afternoon June 2022

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COMMODITY CAPERS: The Resources Roadhouse welcomed five companies to present at our Northbridge Investment Afternoon yesterday to a room jam packed with punters.

 

Peak Minerals (ASX: PUA)

Peak Minerals is currently working up a suite of Western Australian copper exploration programs.

These include:

The Green Rocks project consisting of 234 square kilometres of contiguous landholding, incorporating the company’s existing Copper Hills and Lady Alma prospects;

The Earaheedy project that covers an area of 62sqkm sitting jus 28 kilometres southeast of Sandfire Resources (ASX: SFR) DeGrussa copper-gold mine and 18km southeast of the Monty copper-gold mine; and

The Kimberley projects: made up of the Kimberley south project of six individual tenements considered prospective for magmatic sulphides and sediment hosted copper mineralisation, and the Carson project, a large sediment hosted copper target looming over 250km strike in the Kimberleys.

PEAK MINERALS CEO JENNIFER NEILD

Most work of late has focused on Green Rocks where a helicopter borne time domain electromagnetics (HTDEM or Heli-EM) survey over the entire tenement package was completed.

Processing of data from Rixon, Lady Alma demonstrated a 2D inversion providing further confirmation of conductivity centralised around the southern portion of the Rixon intrusion.

Assays received from earlier diamond drilling undertaken at Lady Alma revealed anomalous copper and nickel was intersected.

 

Galileo Mining (ASX: GAL)

Galileo Mining has provided market watchers, and punters, with a considerable point of difference following the discovery of palladium-platinum-copper-nickel-sulphide at the company’s 100 per cent-owned Norseman project in Western Australia.

Assays from subsequent drilling at Callisto returned hefty zones of mineralisation while confirming initial results from the initial discovery drill hole.

Further assays demonstrated the presence of rhodium in addition to the palladium-platinum-gold-copper-nickel.

GALILEO MINING CHAIRMAN and MANAGING DIRECTOR BRAD UNDERWOOD

A new drilling campaign involving some 20 holes is currently underway at Callisto armed with the task of expanding on the early results with drilling designed at a 50 metre spacing across strike to be followed by drill lines along strike to the north.

The palladium, platinum, gold, copper, nickel, and rhodium mineralisation intersected to date has shown signs grades appear to be increasing towards the eastern target zone.

The company is hopeful the extensive prospective strike, combined with the thick and consistent mineralisation drilled to date, indicates the potential for a large mineralised system.

 

Aurimin (ASX: AUN)

Aurumin this week released an update on progress of RC and diamond drilling at its 100 per cent-owned Central Sandstone Gold Project.

Aurumin has taking a two two-pronged approach at Sandstone, the first part of which is development of the existing 500,000 ounce Two Mile Hill Resource and the second to get the most out of the Sandstone tenement package.

An auger drilling program is also exploring for new deposits just a couple of kilometres from existing infrastructure.

AURUMIN MANAGING DIRECTOR BRAD VALIUKAS

Elsewhere Aurumin has been keeping well busy at its 100 per cent-owned Mt Palmer project in WA, from which it recently announced results from an orientation reverse circulation (RC) program targeting lithium bearing pegmatites.

The drilling presented variations in the mineralogy of the pegmatites along with the anomalous assay results, which the company has interpreted to demonstrate the degree of fraction occurring within the pegmatite complex within the Vickers Find South prospect, validating its belief in the potential of the area to host lithium mineralisation.

“For a first pass, we are encouraged to have intersected multiple pegmatite units with an indication of fertility for lithium,” Aurumin managing director Brad Valiukas said.

“We have other promising target areas untested with drilling pending as well as targets at depth.”

 

Podium Minerals (ASX: POD)

Podium Minerals is making some serious progress at the company’s 100 per cent-owned Parks Reef PGM project in Western Australia to make fastidious investors aware of its existence.

The Parks Reef PGM project comprises a 15 kilometres strike of near surface PGM-gold-base metal mineralisation within its mining leases in the Mid-West Region of WA.

Podium is targeting high value metals with strong market fundamentals and growth prospects with a strategy to rapidly develop an alternative supply of PGMs to the world market.

PODIUM MINERALS MANAGING DIRECTOR and CEO SAMM RODDA

Having also identified the presence of rhodium, Podium’s recent Stage 9 drilling efforts revealed a geological package demonstrating high continuity of the PGM reef and high-grade zones from surface to earlier drilled deep holes that hit 500 metres below the surface.

The orebody remains open at depths below these holes.

The company believes the Stage 9 results and subsequent Stage 10 growth drilling targeting PGM ounces will support identification of preferred starter mine areas along the 15km strike of the Parks Reef Orebody.

 

Torque Minerals (ASX: TOR)

Torque Minerals’ is mainly focused on the company’s 100 per cent-owned Paris project sitting within the area known as the Boulder-Lefroy Fault Zone, a prolific gold-bearing structure and host to numerous mines that have produced many millions of ounces of gold.

The release of recent RC drilling results re-affirmed Torque’s belief of the existence of a very strong, broad zone of high-grade gold extending approximately 50m westbound from its first discovery that intersected a wide gold zone of 24 metres at 10.7 grams per tonne gold.

The latter drilling improved on this by returning results that included:

22PRC038
6m at 22g/t gold from 159m, 3m at 14g/t gold from 171m, within a larger zone of 27m at 8.2g/t gold from 156m.

TORQUE MINERALS EXECUTIVE CHAIRMAN IAN FINCH

Torque has indicated its intention to commence follow up drilling program at Paris as soon as a suitable rig can be secured.

Drilling will entail:

Westbound RC follow up drilling into the Paris prospect high-grade gold zones with a view to rapidly increasing the gold inventory at that prospect;

Deeper RC drilling at Observation to investigate the depth potential of the previous gold discovery. The drilling will also aim to discover if other parallel or ‘offshoot’ gold zones also exist in the immediate area;

Westbound RC drilling at the Caruso prospect to explore mineralisation styles comparable to the Paris prospect; and

RC drilling at Paris South, Carreras, and Pavarotti to test already identified geochemistry anomalies.