Aruma Resources Intersects Lithium at Mt Deans Lithium Project

/in , /by

THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) emerged from a self-imposed exile after receiving a speeding ticket from the ASX to report a lithium encounter on the company’s Mt Deans lithium project in south-eastern Western Australia.

Aruma Resources announced results from its first phase of drilling at Mt Deans that involved a total of 1,156 metres of reverse circulation (RC) drilling in eight holes, which delivered highly positive results including high-grade rubidium.

Rubidium is a high-value technology metal typically found in hard rock pegmatites.

The current price of Rubidium Carbonate, the most widely used form of rubidium, is $1,059.65 per kilogram.

It has multiple uses and applications, including in solar panels, fibre optic cables, GPS systems and night vision equipment, as well as sodium-ion batteries.

Aruma said the drilling intersected high-grade lithium of up to 1.14 per cent Li2O (lithium oxide) within a wide zone of lithium, all within a near-surface 25 metre thick, vertical body of solid pegmatite, from a depth of just 17 metres.

Results include:

MDRC6
1 metre at 1.14 per cent Li2O at 36m in hole within a wider zone of 10m at 0.62 per cent Li2O and 0.57 per cent rubidium oxide (Rb2O) from 22m;
7m at 0.76 per cent Li2O and 0.69 per cent Rb2O from 31m; and
3m at 0.96 per cent Li2O and 0.83 per cent Rb2O from 34m.

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

“This represents just the start of exploration at Mt Deans, and based on these results, we will move quickly to undertake the remaining approximately 1,800 metres of the maiden drilling campaign.

“The Mt Dean pegmatite is showing zonation with lithium grades up to 1.14 per cent Li2O, and rubidium assays up to 1.05 per cent which is high-grade, and our future work will target Mt Deans as a multi metal asset.”

Based on the results from the first round of drilling at Mt Deans, Aruma signalled it is very keen to complete the remaining 1,800 metres across 12 holes of this maiden drilling program.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

Tim Markwell Falcon Metals (ASX: FAL) April 2022

/in /by

Falcon Metals (ASX: FAL) has commenced exploratory drilling activities at the company’s Pyramid Hill gold project in Victoria. Managing director and CEO Tim Markwell zoomed into The Resources Roadhouse to bring Wally Graham up to speed.

Chris Byrne Legacy Metals (ASX: LGM) April 2022

/in /by

Legacy Minerals (ASX: LGM) recently received encouraging assay results from drilling undertaken at the Mt Felstead prospect within the company’s Bauloora project in New South Wales. As the company awaits to receive the remaining results, managing director Chris Byrne zoomed into The Resources Roadhouse to update Wally Graham on progress and future activities.

Dreadnought Resources Commences Regional Auger Program at Tarraji-Yampi

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has been able to commence exploration activities earlier than anticipated at the Tarraji-Yampi prospect, in the Kimberley Region of Western Australia.

Dreadnought Resources has kicked off a low impact auger sampling system that was specially designed for Taraji-Yampi allowing the company to commence exploration earlier in the season, before road access has been re-established, extending and maximizing the dry season activities.

Dreadnought explained the auger program will sample through shallow black plain soil that obscures mineralisation like that it discovered at Orion in 2021.

As the first program of its kind across Tarraji-Yampi, Dreadnought believes it could lead to identification of additional mineralisation across the project.

The program will take 2-3 months including infill sampling of anomalous areas.

Regional targets defined by the auger program will be drilled in August/September 2022.

“This is the first program of its kind at Tarraji-Yampi,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The program allows us to identify mineralisation below the black plain soils that can obscure massive sulphide deposits such as Orion.

“This is a game changer in an area which has not been explored since the 1970s.

“By taking the learnings from our 2021 program, including an orientation program over the Orion discovery, we have been able to deploy a new technique that will provide the geochemical data needed to discover the rest of Orion’s friends at Tarraji-Yampi.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Carawine Resources Encounters New Intersections at Big Freeze and Beanie

/in , /by

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) reported results from the latest round of assays from follow-up RC drilling programs at the Thunderstruck Joint Venture (Carawine 90% interest) within the company’s Tropicana North gold project, located in the north-eastern Goldfields of Western Australia.

Carawine Resources completed drilling at the Big Freeze and Beanie prospects, adding to the strike length of previously identified mineralisation.

The Big Freeze and Beanie are within the Neale tenement, part the Thunderstruck JV.

The Neale tenement also covers the company’s Hercules and Atlantis gold prospects.

Assays from Big Freeze included:

TNRC060
2m at 2.39 grams per tonne gold from 138m, including 1m at 4.26g/t gold and 4m at 1.83g/t gold from 159m; and

TNRC056
5m at 0.59g/t gold from 54m, including 1m at 2.03g/t gold.

From the Beanie prospect, located 1.5km north-east of the Hercules gold prospect, new intervals included:

TNRC064
1m at 3.01g/t gold from 87m and 1m at 2.32g/t gold from 144m.

“These latest results from Big Freeze define a mineralised trend that now extends across three drill lines, including the 5m at 18.2g/t gold interval reported last week,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We will plan additional drilling to follow-up this trend, which remains open, and has the potential to deliver another high-grade gold deposit to our Tropicana North gold project.

“The results at Beanie are also highly encouraging, especially given the limited amount of drilling completed to date, with a clear open trend on which to focus future drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

Carawine Resources Claims High-Grade Gold Discovery at Big Freeze

/in , /by

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced the first round of assay results from the Big Freeze prospect within the Neale tenement, part of the Thunderstruck Joint Venture (Carawine 90% interest) in the company’s Tropicana North gold project in the north-eastern Goldfields of Western Australia.

The results stem from an 18-hole follow-up RC drilling program at the Big Freeze prospect that has identified shallow, high-grade gold mineralisation adjacent to the same structure that hosts the Atlantis and Hercules gold prospects.

The Neale tenement also covers the advanced Hercules and Atlantis gold prospects, located 8km and 1km along strike from Big Freeze respectively.

The assay results Carawine has received are from 14 RC drill holes (TNRC045 to TNRC055, TNRC058, TNRC061 and TNRC062) of an 18-hole drilling program completed at Big Freeze in late February 2022 to follow-up the results reported in November and December 2021.

Highlights of the assays include:

TNRC050
7m at 0.53 grams per tonne gold from 101m, including 1m at 1.65g/t gold from 107m; and
1m at 0.58g/t gold from 136m

TNRC053
1m at 2.47g/t gold from 136m; and
1m at 0.49g/t gold from 140m

TNRC058
5m at 18.2g/t gold from 38m;
1m at 0.82g/t gold from 54m;
1m at 0.65g/t gold from 118m;
4m at 0.42g/t gold from 135m; and
1m at 0.56g/t gold from 144m.

Carawine Resources managing director David Boyd said in the company’s ASX announcement.
“This follow-up drilling program was designed to explore for shallow, high-grade mineralisation within a much larger gold trend at Big Freeze.

“Today’s discovery has done exactly that, proving the success of our exploration methods and supporting our confidence in the potential of the Tropicana North gold project to yield multiple deposits.

“We look forward to receiving assay results from the rest of the program and planning additional drilling at Big Freeze, as well as further results from our ongoing drilling at the Hercules prospect just eight kilometres to the north-east.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

Barton Gold Holdings Resuscitating SA Gold Projects

/in , , /by

COMMODITY CAPERS: Barton Gold Holdings (ASX: BGD) is aiming to breathe new life into the South Australian gold sector with development of its Tarcoola and Tunkilla gold projects.

The Tarcoola Project is located on the site of the brownfields open pit Perseverance Mine, which was operated during 2017 and 2018.

The Tarcoola Goldfield is an area familiar with gold production having been, during the early 1900s, South Australia’s major hard rock gold producer yielding some 77,000 ounces of gold.

Recent image processing and 3D modelling of detailed gravity survey data carried out by Barton in three key regional target areas of the project during September 2021 confirmed multiple prospective structural targets.

The recent gravity surveys identified a new, previously unrecognised large-scale anomaly called the Ealbara prospect, which was identified in the northern part of the Tarcoola project area on the Lake Labyrinth Shear Zone (LLSZ) and will be a priority target in Barton’s upcoming regional Tarcoola drilling program.

“Barton is rapidly building a new geological model for Tarcoola by combining traditional and innovative technologies,” Barton Gold Holdings managing director Alexander Scanlon said:

“These exciting results cross-validate our prior interpretations of multiple historical and new data sets, reinforcing the significant geological prospectivity for multiple regional discoveries at Tarcoola.

“Significant growth of Tarcoola’s mineralised footprint will be a high priority for Barton during 2022.”

The Tunkillia project is only 70 kilometres from Tarcoola and hosts a JORC Code 2012 compliant Mineral Resource Estimate at its cornerstone 223 deposit of 26.1 million tonnes at 1.15 grams per tonne gold for 965,000 ounces of gold.

Barton considers Tunkillia to hold much potential for large-scale extensions and discovery of new mineralisation.

The 223 deposit has put its hand up for this, already sitting at approx. 2.5km long and open to depth and along strike, with the host structure extending around 7km north and 7km south.

Both projects are within throwing distance of the company’s Central Gawler Mill, Barton’s main infrastructure hub with mill and processing plant capable of 650,000 tonnes mill feed annually, a 240 person mine village complete with recreation facilities and supporting infrastructure, labs, workshops, and private airstrip.

 

Email: contact@bartongold.com.au
Web: www.bartongold.com.au
Directors: Mark Connelly, Alexander Scanlon, Richard Crookes, Christian Paech, Neil Rose, Graham Arvidson

 

Blackstone Minerals Set to Drill at Chim Van

/in , /by

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has been granted approvals to commence drilling at the prospective Chim Van target within the company’s 90 per cent-owned Ta Khoa nickel project in Vietnam.

The approvals follow completion of the company’s initial phase of collaboration with the General Department of Geology & Minerals of Vietnam (GDGMV).

The collaboration on the Chim Van exploration target has to date produced:

• Geophysical modelling suggesting a concealed ultramafic target similar to the Ban Phuc disseminated sulphide (DSS) deposit;

• demonstration that the Chim Van features a magnetic anomaly an order of magnitude larger than the Ban Phuc ultramafic intrusion; and

• A drill rig is currently mobilising to the site to commence the first priority drill hole.

“Blackstone is very pleased with the ongoing collaboration with the GDGMV at the Chim Van target,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcemen.

“Drilling will test the conceptual geological and geophysical target at Chim Van for nickel-copper-PGE sulphides, and if successful Blackstone will proceed to take steps to secure an exploration license.

“Exploration continues to be a major focus for the company as we look to organically increase our mining inventory available to feed the Ta Khoa Refinery.

“We are excited for the potential that Chim Van has to feed into our longer-term growth profile.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

 

Ausgold and Cygnus Gold Strike Stanley Farm-in Agreement

/in , /by

THE BOURSE WHISPERER: Ausgold (ASX: AUC) and Cygnus Gold (ASX:CY5) have inked a Farm-in Agreement regarding the latter’s Stanley gold project, located 25 kilometres northeast of the former’s 100 per cent-owned Katanning gold project in Western Australia.

Under the terms of the agreement, Ausgold has the right to earn up to an 85 per cent interest in the project over three years by spending:

$500,000 over 24 months to earn 51 per cent; and
A further $250,000 in the final 12 month period to earn an additional 34 per cent interest.

The Stanley gold project comprises two exploration licences E70/5131 and E70/4787 covering approximately 233 square kilometres of the northern Katanning Greenstone Belt.

Past drilling at the project has intersected gold grades of note.

Six advanced drill-ready targets, including those adjacent to Ausgold’s extensive ground position, have previously been identified by way of recently collected geophysics, geochemistry and drilling activities.

Ausgold considers the project’s a large, mineralised strike length demonstrates potential for large scale discovery in a relatively underexplored region.

“The Farm-in Agreement with Cygnus adds a district-scale option that supports our ambition to establish a multi-million-ounce Resource position at Katanning,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement

“The greater Katanning area is under-explored and based on previous work, we see no reason why the region cannot host additional Katanning central zone high-grade style discoveries.

“Ausgold has already established a 1.84 million ounces Resource at Katanning and is well funded to leverage this experience to unlock the potential of the broader Katanning district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Rox Resources Reports High-Grade Youanmi Results

/in , /by

THE DRILL SERGEANT: Rox Resources (ASX: RXL) received drill results from the Youanmi gold project near Mt Magnet in Western Australia.

The results came to Rox Resources via its OYG Joint Venture partner Venus Metals (ASX: VMC) (Rox 70% and Manager, VMC 30%).

The latest results included high-grade assays from shallower parts of the Link area where drilling focussed on resource conversion and extensional growth to the recently reported resource inventory at Youanmi of 3 million ounces at 3.78 grams per tonne gold.

Highlights included:

RXDD043
4 metres at 4.43 grams per tonne gold from 52m;

RXRC429
4m at 4.41g/t gold from 128m; and

RXRC435
10m at 1.39g/t gold from 76m, including 2m at 4.1g/t gold from 84m.

Other results were received from extensional drilling down plunge for the historical Hill End underground mine.

This included:

RXDD039
1m at 13.44g/t gold from 384m and 0.89m at 3.89g/t gold from 344m; and

RXDD044
2m at 5.41g/t gold from 286m and 0.39m at 3.44g/t gold from 334.72m.

“The further high-grade results from the Link area will likely contribute to the Youanmi Near Surface Resource,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“Results from near mine drilling further support the company’s belief in the potential for high-grade mineralisation near historic mine development.

“We look forward to providing an update on the Near Surface Resource in mid-April which consolidates near-surface drilling results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au