Aeris Resources Intersects High-Grade Gold at Golden Plateau

/in , /by

THE DRILL SERGEANT: Aeris Resources (ASX: AIS) reported on progress of resource definition drilling underway at the Golden Plateau deposit, located within the company’s 100 per cent-owned Cracow tenement package in southeast Queensland.

The Golden Plateau deposit was previously mined at Cracow, historically producing over 850,000 ounces of gold from 1930s through to 1990s.

Aeris Resources’ resource definition drilling program is targeting remnants and extensions to Golden Plateau and has, to date, returned results with high-grade drill intersections from the north lode, including:

GPS053
11 metres at 7.4 grams per tonne gold from 6.4m;

GPS058
10m at 4.1g/t gold from 5.6m, including 1.5m at 9.3g/t gold from 0.8m; and

GPS052
8m at 3.3g/t gold from 3.9m.

Aeris said the current drilling campaign had also improved its geological understanding of vein structures at and around Golden Plateau.

“The latest drilling results at Golden Plateau are very exciting,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“Not only are we getting high-grade gold intercepts within the footprint of the known deposit but we have also identified multiple new north-south structures.

“Our understanding of the structural controls on the gold mineralisation has improved significantly as a result of this new work, which materially increases the prospectivity of Golden Plateau.

“These new structures have largely been ignored during previous drill campaigns at Golden Plateau and remain untested.

“The current drill program will now focus on testing the potential for high grade shoots within these structures.

“Resource definition drilling is currently underway with the target of releasing a maiden Mineral Resource at Golden Plateau in the September quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@aerisresources.com.au

 

Web: www.aerisresources.com.au

 

Musgrave Minerals increases Cue Mineral Resource

/in , /by

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported an update to the Mineral Resource estimate on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals declared the total Cue project MRE to now stand at 12.3 million tonnes at 2.3 grams per tonne gold for 927,000 ounces of contained gold with the high-grade Mineral Resources hosted in the Break of Day trend totalling 982,000 tonnes at 10.4g/t gold for 327,000 ounces of contained gold.

Musgrave expects the near-surface high-grade component of its total resource base to drive future value and the company’s exploration efforts that will continue to focus on identifying and testing near-surface, high-grade gold targets to further grow the resource base.

The updated MRE includes healthy contributions from the new White Heat-Mosaic and Big Sky deposits where drilling to date has focussed on the top 100 to 160m.

These maiden Mineral Resource estimates (Indicated and Inferred) are:

White Heat-Mosaic: 185,000 tonnes at 11g/t gold for 65,000 ounces; and
Big Sky: 4.65 million tonnes at 1.2g/t gold for 173,000 ounces.

“This is a significant result for the company and the growth in Mineral Resources will improve the future development potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The ongoing focus is to continue to grow our near-surface high-grade resources at Cue and progress PFS level studies to accommodate these new deposits and potential future resource upgrades.

“The deposits sit on a combination of granted Mining and Exploration Licences in a region with excellent infrastructure within a favourable mining jurisdiction.

“This latest Mineral Resource estimate increases the near surface, potentially, open pittable gold ounces while also increasing confidence, with approximately 47 per cent of resource ounces in the Indicated category.

“The company is confident it can continue to expand its resource base as exploration drilling continues to intersect high-grade gold on new regional targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Miramar Resources Expands Glandore Project

/in , /by

THE BOURSE WHISPERER: Miramar Resources (ASX: M2R) has expanded the land position of the company’s 100 per cent-owned Glandore project in the Eastern Goldfields region of Western Australia.

Miramar Resources applied for a new Exploration Licence, E25/611, immediately adjacent to its existing Glandore project tenements that is located along strike to the northeast from the Glandore West and Glandore East targets, where high-grade mineralisation up to 4m at 44.3 grams per tonne gold was intersected by historic diamond drilling.

“Our drilling to date has highlighted northeast trending gold mineralisation over about two kilometres of strike, similar to that seen at the nearby Majestic and Trojan gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The new tenement application covers similar geology along strike from the historic high-grade diamond drilling results at Glandore East, so was an obvious piece of ground for us to pursue.”

Miramar explained it is planning to complete a diamond drilling program at the Glandore East target and is currently waiting on availability of a suitable drill rig to do so.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Azure Minerals to Sell Mexican Assets for $20 million

/in , /by

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) is about to be much richer to the tune of $20 million having entered binding, conditional sale agreements to sell its subsidiary companies that own and operate the company’s Mexican precious and base metals projects to Bendito Resources Inc.

On completion of the deal Azure will bank $10 cash and hold the same amount’s worth of equity in Bendito, which intends listing on the Toronto Stock Exchange within 18 months of completion of the transaction with the Alacrán, Oposura and Promontorio projects forming the company’s core assets.

Alacrán, Oposura and Promontorio are located within the Laramide Copper Province, North America’s most prolific copper-producing district.

“This is a great outcome for Azure and our shareholders,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“We have realised a significant cash return for the assets while retaining exposure to the upside as the projects are further developed.

“We still see potential in these high-quality, advanced-stage projects and it makes sense for them to sit within a dedicated special purpose group focused solely on Mexico, which can take them through development funded by the North American capital markets.

“The team behind Bendito have a successful track record of identifying, acquiring, developing and operating projects, so retaining exposure to these assets that we know so well should be both exciting and rewarding for Azure shareholders.

“With these extra funds, we will accelerate activities on our Andover nickel-copper project in WA which is proving to be a company-maker for Azure as we progress along the dual pathways of growing the mineral resources and advancing the development studies.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Aruma Resources Drills High-Grade Lithium-Rubidium Results at Mt Deans

/in , /by

THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) reported high-grade lithium and rubidium results from the company’s 100 per cent-owned Mt Deans lithium project in the south-east of Western Australia.

Aruma Resources received high-grade lithium of up to 1.96 per cent Li2O (lithium oxide) and very high-grade rubidium of up to 1.42 per cent Rb2O (rubidium oxide), plus caesium values up to 1,550ppm, from a recently completed surface rock chip sampling program.

A total of 11 rock chip samples along a 500 metres strike were taken after the company had completed the first phase of drilling at Mt Deans that had delivered positive results including high-grade rubidium.

The subsequent rock chip sampling program was designed to test for strike extensions to the interpreted pegmatite zone at Mt Deans which has a strike length of at least 1,500m, and help refine targets for the second phase of the drilling.

“The first phase of drilling delivered highly encouraging lithium and rubidium grades in numerous intersections, some with significant widths,” Aruma Resources managing director Peter Schwann said in the company’s ASX announcement.

“The follow-up rock chip sampling program has returned excellent results and will help refine our drill targeting for the remaining holes to be completed in our maiden drilling program at Mt Deans.

“Our initial drilling represented just the start of exploration at the project, and based on the results, we moved quickly to undertake the surface sampling to investigate strike variations in grades.

“The high-grade lithium and rubidium rock chip results from the Mt Deans pegmatite is highly encouraging, and our upcoming drilling will seek to deliver further validation of Mt Deans’ potential as a valuable multi-metal asset.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

Galileo Mining Assays Rhodium in Callisto Drillhole

/in , /by

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) has now included rhodium assays from its previously announced drill hole NRC266 from the Callisto discovery at the company’s 100 per cent-owned Norseman project in Western Australia.

Galileo Mining reported an updated intersection for NRC266, to now be:

NRC266
33 metres at 2.05 grams per tonne 4E (palladium + platinum + gold + rhodium) (1.64g/t palladium, 0.28g/t platinum, 0.09g/t gold, 0.05g/t rhodium), 0.32 per cent copper and 0.3 per cent nickel from 144m.

Galileo has interpreted the results from the Callisto discovery to demonstrate similarities with South Africa’s Platreef deposits with disseminated sulphide mineralisation hosted in the lower unit of a layered ultramafic sill.

“The rhodium assays confirm the presence of this valuable metal within the Callisto mineralised system,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“With step out drilling expected to commence next week we will now be including rhodium in the assay suite for any further sulphide rich intersections.

“Based on the six drill holes completed so far at Callisto we anticipate more sulphide intersections in the next drill program and are hopeful that an increase in sulphide content will be matched by an increase in metal content.

“We are excited to be starting drilling again so soon after the recent discovery announcement and look forward to updating the market with results as they become available.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@galmining.com.au

 

Web: www.galileomining.com.au

 

Calidus Resources Commences Drilling at Spear Hill Lithium Project

/in , /by

THE DRILL SERGEANT: With is Warrawoona gold project up and running, Calidus Resources (ASX: CAI) has now commenced drilling at the company’s 50 per cent-owned Pirra Lithium Joint Venture with Haoma Mining in the Pilbara region of Western Australia.

Calidus Resources reported drilling has started at the Spear Hill discovery of a program to comprise of 38 holes to test a pegmatite that has previously yielded encouraging assays.

The drilling program is expected to take about three weeks to complete with samples to be sent to the laboratory immediately after the completion of drilling.

“We believe Spear Hill has excellent potential, as indicated by the high-grade lithium rock-chip results identified earlier this year,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“The commencement of the maiden drill program so soon after the initial discovery demonstrates the company’s determination to accelerate exploration progress at the project.

“Concurrently we are actively assessing the lithium potential across the wider Spear Hill area and the rest of the tenement package, utilizing interpretation of remotely sensed data, field mapping, and rock-chip sampling.

“Exploration to date has only tested a fraction of the large tenement package and rights owned by Pirra Lithium, and we are excited to unlock the full potential of the Pilbara.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Alchemy Resources Maps Double Karonie Strike Length

/in , /by

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) has identified additional outcropping pegmatites at the company’s 100 per cent-owned Karonie gold project located east of Kalgoorlie in Western Australia.

Alchemy Resources recently concluded mapping that identified a pegmatite cluster that has doubled the strike length at the project’s Cherry and Hickory prospects, as well as identifying multiple outcropping pegmatites at Pecan in the north.

At Cherry and Hickory pegmatites have now been defined over an area of 1.5 kilometres by 2 kilometres, doubling the previous mapped strike extent.

At the Pecan prospect, outcropping pegmatites have been identified over a strike length of 400 metres.

“The mapping has now identified a cluster of pegmatites at Karonie,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“At Hickory and Cherry, we’ve doubled the strike length of mapped pegmatites and at Pecan we’ve discovered multiple pegmatite outcrops across a one kilometre wide area.

“We expect the infill soils will zero in on zones which sit under the thin surface cover, and this will help us plan the next steps.

“The rock-chip assays are all showing very high tenor pathfinder anomalism which plots within the highly evolved and fractionated granite chemistry, telling us that we are exploring in exactly the right spot.

“Our next steps will be the commencement of infill soils and detailed structural mapping due to start imminently to zero in on target zones for drilling later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

 

Kin Mining RC Drilling Extends Cardinia Hill

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported final results from a North Extension RC drilling program completed at the Cardinia Hill prospect with company’s 100 per cent-owned 1.275 million ounce Cardinia gold project (CGP) near Leonora in Western Australia.

The Cardinia Hill prospect is located along strike of the CGP’s 106,000 ounce Cardinia Hill deposit.

Final assay results included intercepts of:

CH22RC192
2 metres at 14.5 grams per tonne gold from 120m;

CH22RC185
4m at 2.79g/t gold from 96m;

CH22RC188
1m at 6.11g/t gold from 63m; and

CH22RC203
1m at 7.17g/t gold from 50m. – open to the north

Kin Mining declared the new assay results support and reinforce earlier reported results from the nearby Rangoon deposits that confirmed deposits within the Eastern Corridor, including Cardinia Hill, Helens, Fiona, Rangoon and East Lynne to form a coherent mineralised system that spans an area of approximately 5km by 1km.

“These results from the northern extension drilling of the Cardinia Hill deposit provide confirmation that Cardinia Hill high grade gold lodes can be traced for over 1.1 kilometres and remain open to the north and at depth,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The next significant drilling along the Cardinia Hill structure is at East Lynne approximately 600 metres north where previous Aircore drilling intersected exceptional grades (5m at 35g/t gold).

“The exploration team are now assessing, with a small additional RC drilling program at East Lynne, if the two deposits lie on the same mineralised structure and may be continuous.

“These Cardinia Hill results combined with recent high-grade results from Rangoon, Fiona and historical drilling at the nearby Helens deposit demonstrate that the Eastern Corridor area is strongly endowed with multiple structurally controlled ore positions, all of which contain high-grade sulphide and quartz vein mineralisation that has a common source.

“The company has only drilled the near surface environment at the Eastern Corridor and believe with further drilling supported by our advanced geological understanding and aided by our detailed gravity model that further significant mineralised positions in this exciting area will be revealed.

“Given the widespread nature of the ore grade intercepts and the near-by location of this exciting area to the Cardinia plant site, we have prioritised for deeper RC drilling the Eastern Corridor which has already commenced at Rangoon and East Lynne.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Ardea Resources Drills High-Grade Nickel-Cobalt at Goongarrie Hill

/in , /by

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has confirmed high-grade near surface nickel-cobalt mineralisation via diamond drill core drilling at the Goongarrie Hill nickel-cobalt deposit within the company’s Kalgoorlie Nickel project in Western Australia.

Ardea Resources said the results it has received very closely validate mineralisation models it used in generating the Goongarrie Hill Mineral Resource Estimate (MRE).

The Goongarrie Hub MRE at a 0.5 per cent nickel cut-off grade is 556 million tonnes at 0.68 per cent nickel and 0.045 per cent cobalt for contained metal of 3.8 million tonnes of nickel and 248,000 tonnes of cobalt.

Ardea explained the pits at Goongarrie Hill will be the key Atmospheric Leach base load feed source for the proposed nickel-cobalt processing plant at the Kalgoorlie nickel project.

Latest drilling results at 0.5 per cent nickel and 1 per cent nickel cut-off grades include:

AGHD0003
38 metres at 0.85 per cent nickel and 0.057 per cent cobalt from 2m, including 18m at 1.12 per cent nickel and 0.095 per cent cobalt from 4m; and

AGHD0005
18m at 1.16 per cent nickel and 0.059 per cent cobalt from 2m, including 14m at 1.22 per cent nickel and 0.067 per cent cobalt from 6m.

“The Goongarrie Hill core drilling was a further field test of the KNP low-carbon flowsheet model,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“In contrast to Goongarrie South, Goongarrie Hill lacks the intense weathering associated with the Bardoc Tectonic Zone and ancestral Lake Goongarrie hydrology.

“None-the-less, premium High Pressure Acid Leach feed still occurred at Goongarrie Hill above an extensive and more uniform sheet of high-magnesium mineralisation well suited as an Atmospheric Leach feed.

“In terms of Mineralised Neutraliser, the neutraliser at Goongarrie Hill appears to be a sheet below the Atmospheric Leach feed.

“In a production situation, this material will be mined from grade control drilling and ‘goodbye cuts’.

“With the unique Goongarrie geological model yet again confirmed, we continue to await the results of the ALS benchscale metallurgy from Highway, as a control for the waiting Goongarrie South and Goongarrie Hill programs.

“These results will feed into ongoing DFS work flows and continue to enhance the KNP Goongarrie Hub as a globally significant source of sustainable and ethical ESG-compliant nickel-cobalt for the lithium ion battery sector.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au