THE CONFERENCE CALLER: Try as we might, The Resources Roadhouse couldn’t reach all the presenters at the recent 2022 RIU Sydney Resources Roundup, but luckily our chums from The Pick were on hand to pick up the slack.
THE CONFERENCE CALLER: The Resources Roadhouse caught up with a plethora of presenters at the recent 2022 RIU Sydney Resources Roundup.
Here’s a couple to whet your appetite. To see all The Roadhouse vids from the conference CLICK HERE
THE DRILL SERGEANT: Hammer Metals (ASX: HMX) returned home from the 2022 RIU Sydney Resources Roundup to results from initial drilling undertaken at the at the recently discovered Ajax East prospect within the company’s Mt Isa exploration portfolio in north-west Queensland.
Hammer Metals reported the drilling encountered a six-metre interval of stringer sulphide mineralisation (including pyrrhotite and chalcopyrite) within a 30m zone of highly altered metasediments, corresponding with the modelled EM conductor at approx. 290m down-hole.
Copper intersections included:
HMLVRC019
14m at 0.21 per cent copper from 42m (with noteworthy amounts of pyrrhotite present in the interval); and
HMLVRC019
1m at 1.52 per cent copper from 88m.
The company considers the presence of such a sulphide horizon at Ajax East to have upgraded the target, interpreting the results to demonstrate the active sulphide system may have potential to host economic zones of chalcopyrite mineralisation.
A follow-up Down-Hole Electromagnetic (DHEM) survey confirmed the extent of the Ajax East prospective horizon while also recording responses to the sulphide mineralisation observed in both the hangingwall and footwall positions.
Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“Ajax East is continuing to emerge as an exciting new target area, with confirmation of sulphides in the initial drilling a very encouraging development.
“Based on the available geophysics, this target horizon may continue for more than a kilometre and the presence of chalcopyrite in this hole and in nearby locations gives us confidence that this is a fertile copper system, representing an excellent exploration target that is virtually untested.
“Our inventory of high-quality targets in the Mt Isa district continues to grow in line with our extensive geophysical and geochemical programs.”
Hammer is carrying out further Fixed Loop Electromagnetic (FLEM) surveys to refine targeting and assist in designing a thorough follow-up drill program.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@hammermetals.com.au
THE CONFERENCE CALLER: Good friends of The Roadhouse, White Noise Communications attended the recent 2022 RIU Sydney Resources Roundup where they were able to speak with some of the companies we missed.
THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) followed its appearance at the 2022 RIU Sydney Resources Roundup with news from early-stage field reconnaissance activities at the company’s Marble Bar lithium project.
Kalamazoo’s Pilbara lithium exploration ground holding now totals 354.4 square kilometres comprising the Marble Bar, DOM’s Hill, and Pear Creek lithium projects.
The company claimed its ongoing field reconnaissance of portable XRF soil anomalies recently reported at E45/4700 (aka Marble Bar lithium project) has discovered additional pegmatite outcrops, some of which contain visible lithium mineralisation in the form of lepidolite (lithium mica).
Rock chip sample assay results returned up to 1.6 per cent lithium oxide (Li2O) and 372ppm tantalum.
“The ongoing fieldwork at Marble Bar is delivering excellent results with the identification of multiple pegmatite dykes containing visible lithium mineralisation and rock chip assay results up to 1.6 per cent lithium oxide and 372ppm tantalum,” Kalamazoo Resources chairman and CEO Luke Reinehr said in the company’s ASX announcement.
“These discoveries are lining up well with our pXRF soil anomalies, and we are pleased to see the pegmatite dykes extending into our newly granted tenement E45/5970.
“We consider the potential for LCT pegmatite mineralisation in the immediate area is very high, which is supported by Global Lithium’s nearby Archer deposit (10.5Mt at 1% Li20) to the north.
“The grant of two additional tenements at Marble Bar and DOM’s Hill further expands our lithium exploration tenure in the immediate area, which are now the subject of additional soil sampling and exploration activity in conjunction with our JV exploration partner SQM.
“We are anticipating the commencement of drilling across both projects towards the end of June 2022.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@kzr.com.au
Web: www.kzr.com.au
THE DRILL SERGEANT: Dundas Minerals returned from the 2022 RIU Sydney Resources Roundup to report reverse circulation (RC) drilling results from its Jumbuck nickel prospect program.
Dundas Minerals carried out the drilling in February as part of exploration activities for nickel, copper and gold in the prospective Albany-Fraser Orogen, Western Australia.
Results included:
22JURC009 (135m)
0.23 per cent nickel and 0.22 per cent chromium over 34m (25m – 58m), including 7m at 0.38 per cent nickel and 0.16 per cent chromium (26m 33m); and
22JURC010 (135m)
0.14 per cent nickel and 0.27 per cent chromium over 33m (71m – 103m).
“The results from these two holes, which at 135 metres are still relatively shallow, are most encouraging,” Dundas Minerals managing director Shane Volk said in the company’s ASX announcement.
“It is still early days at Jumbuck, however the nickel enrichment within the Mafic intrusive is significant.
“The next steps for us will be the completion of detailed magnetic inversion models, analysis of district gravity data (including a possible infill gravity survey) and revisiting the SkyTEM electromagnetic data for conductive anomalies.
“The objective of this work is to develop at least one diamond drill hole target to test beneath the near-surface enrichment zones.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@dundasminerals.com
THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) left the 2022 RIU Sydney Resources Roundup making a beeline to commence RC drilling at the company’s Mangaroon project in the Gascoyne Region of Western Australia.
Dreadnought Resources informed the market that drilling has commenced at the Money Intrusion nickel-copper-PGE prospect (First Quantum Minerals JV) where nine holes are to be drilled targeting an approx. 1.2 kilometres long gossanous horizon with coincident EM anomaly and other sub-cropping gossanous outcrops and undercover magnetic features.
Once initial drilling is complete, a DHEM survey will be undertaken with results expected in June/July 2022.
“Dreadnought is excited to commence its first drill program at the Mangaroon project,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.
“Drilling will initially target the previously undrilled gossanous horizon along the Money Intrusion where work over the past year has defined robust nickel-copper-PGE targets.
“Once this program is completed, we will prepare for drilling the 100 per cent-owned REE ironstones and carbonatites.
“The team, our stakeholders and our partners at First Quantum Minerals have worked exceptionally hard over the past year to get this project granted, targets defined and approvals in place.
“We can’t wait to see what the drilling produces.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@dreadnoughtresources.com.au
Web: www.dreadnoughtresources.com.au
THE DRILL SERGEANT: Hillgrove Resources (ASX: HGO) provided an update on drilling progress on the Nugent lode at the company’s Kanmantoo underground project in South Australia.
Hillgrove Resources recently completed 24 drill holes through the Nugent copper-goldAu system at Kanmantoo returning:
KTDD230
14.5m at 1.6 per cent copper, 0.34 grams per tonne gold (1.8% copper equivalent (CuEq)) from 175m downhole Including 3m at 5.17 per cent copper, 1.27g/t gold (6% CuEq) from 175m, and 14.8m at 0.87 per cent copper 0.69g/t gold (1.3% CuEq) from 252.2m;
KTDD224
16.55m at 1.22 per cent copper, 0.43g/t gold (1.5% CuEq) from 229.05m;
KTDD231
9.15m at 1.4 per cent copper, 1.09g/t gold (2.1% CuEq) from 289m downhole;
KTDD215
9.2m at 1.44 per cent copper, 0.81g/t gold (2% CuEq) from 209m downhole; and
KTDD221
4.9m at 1.11 per cent copper, 0.52g/t gold (1.5% CuEq) from 370.1m downhole.
Hillgrove reported 23 of the 24 holes drilled intersected the Nugent copper-gold lode system, demonstrating the continuity and copper-gold endowment of the system.
“The drilling results confirm the Nugent system extends beyond the previous Mineral Resource Estimate both along strike and at depth,” Hillgrove Resources CEO and managing director Lachlan Wallace said in the company’s ASX announcement.
“We are looking forward to getting these drill results into the resource model, which we expect will increase in both size and geological confidence, and then into the mine plan.
“In addition, it was very pleasing to see the strong drilling results at depth and to the south, which remain open and provide excellent opportunities to further increase the mineral inventory.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@hillgroveresources.com.au
Web: www.hillgroveresources.com.au
COMMODITY CAPERS: Lithium Energy (ASX: LEL) is a dual-focused company with one eye looking overseas to develop its Solaroz lithium brine project in Argentina and the other fixed on its Burke graphite project in Queensland.
On its web page, Lithium Energy provides answers to two questions: Why lithium? and Why graphite?
The long-term prospects for lithium are very strong, Lithium Energy says, with demand being driven primarily by the expected growth for lithium batteries to be used in electric vehicles and other personal technological gadgetry.
It justifies developing its Solaroz project in Argentina by acknowledging lithium brine projects in that part of the world are, “recognised as being particularly attractive since they are amongst the lowest on the lithium carbonate cost curve, compared to hard rock lithium projects”.
Lithium Energy recently received Environmental Impact Assessment (EIA) approval from the local Jujuy Provincial Government Mining Authority to commence exploration works at Solaroz.
“This is a positive endorsement by the Argentinian Government Authorities of the Solaroz lithium project and I look forward to mobilising to site and commencing work shortly on this highly prospective project,” Lithium Energy executive chairman William Johnson said.
“There is no better address to be exploring for lithium than the prolific Lithium Triangle where a number of world class lithium brine projects have been discovered.”
Solaroz is in the highly prospective Lithium Triangle of Argentina, directly adjacent to or principally surrounded by lithium majors Allkem Limited (formerly Orocobre) and Lithium Americas Corporation.
As far as graphite goes, it is currently enjoying its status as the dominant anode material used in lithium-ion batteries with more than ten times graphite by weight used in a lithium-ion battery than lithium.
The Burke graphite project contains one of the highest-grade graphite deposits globally and presents Lithium Energy with an opportunity to participate in the anticipated growth in demand for graphite and graphite related products.
The Burke graphite deposit has a JORC Inferred Mineral Resource of 6.3 million tonnes at 16 per cent total graphitic carbon (TGC) for 1 million tonnes of contained graphite, including a high-grade component of 2.3 million tonnes at 20.6 per cent TGC.
Email: info@lithiumenergy.com.au
Web: www.lithiumenergy.com.au
Directors: William Johnson, Farooq Khan, Peter Smith, Victor Poh Hong Ho
THE DRILL SERGEANT: Mamba Exploration (ASX: M24), on the eve of the RIU Sydney Resources Roundup, reported results drilling at the company’s Calyerup Creek project in the Great Southern of Western Australia.
Mamba Exploration said the RC drilling intersected shallow high-grade gold mineralisation, identifying mineralisation on each drill line across the southern gold trend the company had spotted from earlier soil sampling.
The results extended mineralisation from 350 metres as reported in March, to over 500m along strike and to a maximum vertical depth of around 35m.
The mineralisation remains open along strike and at depth.
Final assay results include:
22CCRC022
6m at 1 gram per tonne gold gold from 2m;
22CCRC019
5m at 0.8g/t gold from 7m, and 7m at 0.7g/t gold from 17m; and
22CCRC023
12m at 0.7g/t gold from surface.
“It is pleasing to report that shallow and significant widths of gold mineralisation have been intersected on each of the drill lines completed across the southern gold trend,” Mamba Exploration managing director Mike Dunbar said in the company’s ASX announcement.
“To intersect significant mineralisation in the initial drilling over a strike length of more than 500 metres and to a maximum vertical depth of 35 metres is an excellent start to exploration in the region.
“The mineralisation remains open in all directions.
“Now that mineralisation has been confirmed over a substantial strike length, the next round of RC drilling has been planned to extend the mineralisation at depth and further along strike.
“Preparation for the drilling is well advanced with a PoW approved by DMIRS and environmental surveys confirming there are no impediments to drilling.
“A heritage survey has been commissioned and should be completed in late May or early June, allowing drilling as soon as the winter rains abate.
“While access to our southern projects is limited during winter, our exploration efforts will shift to the Copper Flats project in the Kimberley and the Ashburton gold project.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@mambaexploration.com.au
Web: www.mambaexploration.com.au
