Aston Minerals Extends Bardwell Mineralisation

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THE DRILL SERGEANT: Aston Minerals (ASX: ASO) reported on drilling results and exploration activities underway across the Bardwell and Olecranon prospects within the Boomerang nickel-cobalt target on the company’s Edleston project in Canada.

Aston Minerals said the intercepts encountered at the Bardwell prospect extended the drill tested strike to one kilometre, including:

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159.71m at 0.36 per cent nickel and 0.013 per cent cobalt from 206.31m, including 83m at 0.44 per cent nickel and 0.016 per cent cobalt; and

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95.61m at 0.28 per cent nickel and 0.011 per cent cobalt ending in mineralisation, from 425m.

The second drill hole at Olecranon, hit:

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205m at 0.27 per cent nickel and 0.011 per cent cobalt from 332.95m – results of remaining 84.5m of end of hole currently pending.

“What is particularly encouraging is the fact that every single hole across the entire Boomerang Target that has tested the intrusive unit has hit nickel-cobalt sulphide mineralisation,” Aston Minerals managing director Dale Ginn said in the company’s ASX announcement.

“With the funding from our recently announced capital raising we have the capacity of drilling at a relatively broad spacing in order to define any additional high-grade zones of mineralisation which will form the basis of further resource definition drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@astonminerals.com

Web: www.astonminerals.com

 

Musgrave Minerals Drills Big Sky Upside

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from reverse circulation (“RC”) and diamond drilling at its 100 per cent-owned ground at the company’s Cue gold project in Western Australia’s Murchison district.

This time, the results were from the Big Sky prospect from along a recently identified gold corridor south-west of the Lena and Break of Day deposits.

New intercepts include:

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6 metres at 19.2 grams per tonne gold from 87m;

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3m at 20.3g/t gold from 26m;

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2m at 34.9g/t gold from 62m; and

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8m at 6g/t gold from 65m.

Musgrave said all recent drilling results for Big Sky had been received and will form the basis for a maiden Mineral Resource Estimate that will focus on the near surface mineralisation at Big Sky.

The scheduled mineral resource update will also include a maiden resource for the high-grade White Heat-Mosaic deposit and is expected to be completed in May/June 2022.

“The latest assay results from resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the system,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The scheduled May-June resource update will focus only on the top 100 vertical metres (dominantly weathered open cuttable mineralisation) and be an interim Mineral Resource update (adding Big Sky and White Heat-Mosaic) as we continue to grow our resource base.

“The high-grade gold mineralisation at Big Sky remains open down dip in fresh rock, which will be the focus of subsequent drill programs planned to commence in late May 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Miramar Resources Spots Lang Well lithium and REE Potential

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) completed a review of historic and government open file data for the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia.

Miramar Resources reported the review has highlighted multiple pegmatite occurrences indicating the potential for rare earth element (REE) and/or lithium mineralisation at the project.

Information extracted by the company from Geological Survey of Western Australia datasets revealed at least 50 mapped pegmatite occurrences within the Lang Well project, including outcropping pegmatites hitting over at least seven kilometres of strike in the northern half of the project.

The pegmatites occur in a sequence of granitic gneiss and mafic amphibolite that has been intruded by later Proterozoic dolerite dykes.

Lang Well has seen little exploration, with the only activity of note comprising an auger sampling program in 2009, samples from which were only analysed for a limited suite of elements.

Given the dates associated, there is little surprise there has been no recorded analysis of REEs or lithium for any of the pegmatite occurrences or the auger sampling.

Interestingly enough, the auger sampling was followed up by a 35 hole aircore program in 2010 across three lines, two of which are outside the current project tenement.

Inside the project, hole BADAC33 intersected anomalous REEs, including 4m at 0.15 per cent Total Rare Earth Oxides (TREO).

Holes 50m either side also encountered anomalous REEs.

“The Lang Well project covers a very large area with only about 20 per cent outcrop,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Most of the 50 recorded pegmatite occurrences occur in the outcropping area in the north whereas the single historical aircore traverse intersected anomalous REEs in an area of transported cover in the south east.

“We think it is highly likely therefore, that there is potential for a significant number of other pegmatite occurrences either outcropping or below shallow cover.”

Miramar signalled it would complete soil and rock chip sampling across the northern pegmatite trend and is planning a detailed drone magnetic survey over the south-eastern portion of the tenement to aid with an upcoming aircore drilling program that will test the auger gold anomalism.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au

 

Metal Hawk Commences Berehaven RC Drilling Program

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) has commenced up to 3,000m of RC drilling aimed at bedrock-testing priority nickel sulphide targets at the company’s Berehaven project south-east of Kalgoorlie in the West Australian goldfields.

Metal Hawk explained the RC drilling is on the heels of aircore (AC) drilling completed in December 2021 at the Commodore nickel sulphide discovery with the aim to define the fertile ultramafic stratigraphy trending north-northwest through the western half of the underexplored project area.

“The AC drilling has given us our first look at the geology along strike from Commodore and it clearly supports our interpretation, giving us more confidence with our targeting,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“With the new multi-element geochemical data, we are refining and prioritising this next stage of deeper RC drilling as we bedrock-test these quality EM targets.”

Since RC drilling commenced in September 2021, Metal Hawk has discovered high-grade nickel sulphide and gold mineralisation at the Berehaven project.

The company has consolidated over 90 square kilometres of underexplored tenure at Berehaven, which is situated north of the Blair Nickel sulphide deposit.

 

 

 

Email: admin@metalhawk.com.au

 

Web: www.metalhawk.com.au

 

Mt Monger Resources Commences RC Drilling Program

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THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) has kicked off a program of reverse circulation (RC) percussion drilling at the company’s Mt Monger gold project near Kalgoorlie in Western Australia.

Mt Monger Resources said the 2,000 to 2,500 metre drilling program is planned for the Duchess of York South, Red Dale North and Peters Dam prospect areas.

All prospect areas are high-priority targets identified by the company from historical drilling that intersected noteworthy gold mineralisation.

Other identification methods include Mt Monger’s recent soil sampling that highlighted potential for gold mineralised structures that are poorly tested by the historical drilling that was typically broad-spaced and shallow.

“A new phase of RC drilling targeting gold mineralisation is underway at our Mt Monger project,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“This work will focus on a number of different prospect areas where historical drilling has intersected mineralisation and where our recent soil sampling program has highlighted surface gold anomalies along potentially mineralised structures.

“Our exploration team has identified numerous opportunities for both increasing the size and continuity of known gold mineralisation and for potentially making new discoveries and we are keen test these targets with the drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au

 

Sunshine Gold Completes Maiden Resource Estimate at Triumph Gold Project

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THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) announced the maiden JORC 2012-compliant Mineral Resource Estimate for the company’s 100 per cent-owned Triumph gold project near Gladstone in Queensland.

The MRE has come in totalling 1.8 million tonnes at 2 grams per tonne gold for 118,000 ounces contained gold and was delivered just 16 months since Sunshine Gold commenced drilling in December 2020 at a discovery cost of $20.83 per ponce, plus acquisition cost of $3.39 per ounce.

The bulk of the Resource is located over approx. 1.25 kilometres of strike in the Triumph Southern Corridor, meaning the Resource comprises just some 25 per cent of the greater than 5km long Southern Corridor, providing potential for the company to grow along strike and at depth.

It is anticipated that further untested geophysical targets are likely to extend the Southern Corridor further.

“The maiden Resource at Triumph has initially focussed on small centres within the broader Southern Corridor – a mineralised network of coalescing faults and veins,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“There is certainly scope to extend the known mineralisation as the Resources remains open along strike and at depth.

“Mineralisation along the broader Southern Corridor, identified in previous drilling and IP geophysical data, is expected to further expand the Resource during 2022.

“Drilling will recommence at Triumph in June 2022, with a focus on extending the Resource in the Southern Corridor and delineating new Resources in the Northern Corridor near historic workings.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Bulletin Resources Confirms More High-Grade Spodumene at Ravensthorpe

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THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) reported laboratory assay results from recent mapping and rock-chip program undertaken on the company’s Ravensthorpe lithium project in Western Australia.

Bulletin Resources’ mapping of the four-kilometre Eastern Pegmatite Trend, which is open to the north, has located approx. 100 pegmatite outcrops to date.

Laboratory analysis has confirmed the high lithium grade nature of two newly identified outcropping and lag spodumene occurrences along the Eastern Pegmatite Trend.

Two rock chip samples of spodumene in pegmatite lag 800 metres to the north of the project’s Big pegmatite spodumene discovery returned high lithium grades of:

7.04 per cent lithium oxide (Li2O); and
1.49 per cent Li2O

Spodumene bearing pegmatite outcrop located 700m southwest of the previously reported spodumene in lag found at Big pegmatite was also sampled.

These two rock chip samples returned high lithium grades of:

6.8 per cent Li2O; and
2.17 per cent Li2O

“These two new finds of spodumene lithium mineralisation some distance from Big pegmatite complement the known spodumene occurrences at Big, Deep Purple and Creek pegmatites,” Bulletin Resources said in its ASX announcement.

“These additional finds of spodumene bearing pegmatite outcrops support and significantly increase the lithium prospectivity of the broader Eastern Pegmatite Trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bulletinresources.com

 

Web: www.bulletinresources.com

 

Musgrave Minerals Acquisition Flexes Murchison Muscle

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THE BOURSE WHISPERER: Musgrave Minerals (ASX: MGV) via its subsidiary Musgrave Exploration Pty Ltd has entered a Sale and Purchase Agreement with Eastern Goldfields Exploration to acquire a 100 per cent interest in tenements that comprise the Mt Magnet South project.

The Mt Magnet South project is located within trucking distance of Musgrave’s Cue gold project in Western Australia’s Murchison goldfields and just five kilometres south of the township of Mt Magnet.

The Mt Magnet South project is made up of a group of 19 semi-contiguous prospecting and exploration licences covering an area of approximately 294 square kilometres, which almost doubles Musgrave’s landholding in the Murchison.

The project is an early stage, under-explored greenfield opportunity, in a good location with nearby infrastructure.

Musgrave believes the project provides an additional opportunity for it to apply the exploration learnings it has gleaned from its discovery success 40km to the north at the Cue project to make further discoveries in the Murchison.

The company said future discoveries have the potential to add to its growing resource base in the region, enhancing the value of the Cue project.

“This opportunity grows Musgrave’s landholding by adding further prospective ground in the region,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The new project area is directly along strike from Ramelius’ Mt Magnet operations and provides the opportunity for Musgrave to continue to utilise its exploration expertise to make further discoveries in the region.

“The acquisition maintains our alignment with the strategy to grow the resource base at Cue in the near-term while generating a pipeline of longer-term projects and opportunities.”

Musgrave is now compiling historical data that is being digitised, plotted and reviewed in detail to enhance targeting.

A regional gravity survey will be undertaken and integrated with existing aeromagnetic data, and geological and geochemical datasets to enhance drill planning to test high-priority basement gold targets.

Musgrave’s stated objective at Mt Magnet South is to define, through discovery, a pipeline of additional high-grade gold resources that that can be economically trucked the 40km north to a potential future operations hub at Musgrave’s mainstay Cue gold project.

Musgrave outlined its strategy as being to identify and secure additional early-stage exploration ground in the region to build on the company’s success at Cue and maintain a long-term pipeline of opportunities.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Azure Minerals Delivers Maiden Mineral Resource for Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released the long-awaited maiden Mineral Resource Estimate (MRE) for the Andover deposit, the first prospect drilled in the company’s Andover nickel-copper-cobalt project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

The Andover deposit is estimated to contain 4.6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 51,700 tonnes of contained nickel, 21,700 tonnes of contained copper and 2,290 tonnes of contained cobalt at a cut-off grade of 0.5 per cent nickel (JORC 2012).

This includes a high-grade resource component of 2 million tonnes at 1.41 per cent nickel, 0.49 per cent copper and 0.06 per cent cobalt at a cut-off grade of 0.9 per cent nickel.

Azure described the estimate as being, “a robust resource with over 80 per cent of the Mineral Resource Estimate tonnes classified in the Indicated category”.

“I’m very pleased to present this maiden Mineral Resource for the Andover deposit, thereby achieving a key milestone in advancing the overall Andover project,” Azure Minerals managing director Tony Rovira said.

“This highlights the extraordinary potential that we have always recognised within the project and is just the beginning of a very exciting journey.

“The exploration team have excelled to have delivered the first resource only 18 months after starting exploration, while also discovering and now drilling significant nickel and copper sulphide mineralisation at several other prospects within the project area.”

Azure anticipates additional mineral resources will be defined at proximal prospects, including:

Ridgeway that has returned intersections of 6.3m at 3.59 per cent nickel, 4.9m at 3.5 per cent nickel, and 4.5m at 3.95 per cent nickel;

Seaview that has returned an intersection of 7m at 1.35 per cent Ni; and

Skyline, from which results are pending.

“With these plus other excellent targets like Atrium and Woodbrook that have yet to be drilled, I’m confident this is only the start of mineral resource definition at the Andover project,” Rovira said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Saturn Metals Derives Elite Recoveries at Apollo Hill

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COMMODITY CAPERS: Saturn Metals has announced excellent results from metallurgical test work on samples of mineralised material collected from the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project in the Western Australian Goldfields.

“The metallurgy of Apollo Hill is a great differentiator as it gives the opportunity for the company to consider shifting the scale of the deposit’s development,” Saturn Metals managing director Ian Bamborough said.

The company explained that the test work is a key part of its ongoing strategy to grow and progress the Apollo Hill Mineral Resource, which was last upgraded over one year ago to 944,000 ounces.

The results highlighted Apollo Hill’s amenability to simple low-cost mineral processing methods, including heap leach, which can in turn drive lower stripping ratios and efficient mining processes.

An Apollo Hill composite sample derived from high quality diamond core, gave an excellent overall recovery of 81 per cent from intermittent bottle roll tests, preceded with gravity separation, using high pressure grinding roll (HPGR) crushing to 8mm P100 (targeted commercial fresh rock crush size).

These results complement, confirm, and potentially improve on column leach test work previously published by the company where recovery was 73 per cent at 8mm crush on an Apollo Hill typical drill core composite.

A strong average recovery of 77 per cent was obtained for Apollo Hill’s major material types, across the deposit’s lower grade range, using conventional stage crushing and High Pressure Grinding Rolls (HPGR) sample subsets.

This augurs well when considering the reported global average grade of heap leach operations is 0.7g/t and on average 65 per cent of gold is recovered.

Saturn believes the results support its view that Apollo Hill has the potential to join this group.

It also indicates gold recovery may be viable from material which would normally be considered marginal and highlights potential for the use of lower cut off grades to improve economics.

“These excellent results from a comprehensive Apollo Hill sample set, provide a decisive weight of evidence for the application of simple cost-effective mineral processing scenarios at lower cut off grades,” Bamborough said.

“We plan to utilise these new results and the results of our more mill-based metallurgy program as reported in October 2021, to examine the potential for economies of scale in our current resource upgrade process and subsequent studies.”

 

Email: info@saturnmetals.com.au
Web: www.saturnmetals.com.au
Directors: Ian Bamborough, Brett Lambert, Andrew Venn, Rob Tyson, Adrian Goldstone