Ventnor Resources Granted Arrowsmith PoW by WA Government

THE BOURSE WHISPERER: Ventnor Resources (ASX: VRX) is making new progress at the company’s Arrowsmith silica sand project in Western Australia.

Ventnor’s Arrowsmith project is broken down into three smaller project areas: Arrowsmith North, Central and South.

The company has been granted a Program of Work (PoW) for exploration on both Arrowsmith North (E70/5076) and Arrowsmith Central (E70/4987) prospects by the Western Australia Department of Mines, Industry and Safety (DMIRS).

Drilling is set to commence in September subject to the ground drying out in compliance with the company’s Dieback Management Plan, which has been accepted by DMIRS and added to the tenement conditions for the PoW areas and requires drilling to be undertaken in dry conditions.

Ventnor’s application for Exploration Licence E70/5109 was granted on 14 August 2018.

Ventnor has also applied for an additional Exploration Licence (ELA70/5197) covering an area of 8.5 square kilometres at the Arrowsmith project it believes to complement its current status as it is contiguous with the existing holding.

The Arrowsmith project now comprises four granted exploration licences and one new application covering a total area of approximately 379sqkm.

A JORC-2012 compliant Maiden Mineral Resource is being estimated for the Arrowsmith North and Central areas, utilising existing hand auger data.

Ventnor anticipates the estimate to come in at the Inferred level of confidence and to be completed in the current calendar quarter.

“The approved POW now allows us to undertake drilling programs targeting a JORC-2012 compliant Mineral Resource to an Indicated category,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“In addition to the Mineral Resource estimations, drilling, assays and a third iteration of testwork are expected to be completed before the end of the year and will all contribute to a near term Feasibility Study on the Arrowsmith silica sand project.”





Calidus Resources Identifies new Warrawoona Drill Targets

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) has identified several gold-in-soil anomalies across the Warrawoona gold project, located in the Pilbara of Western Australia.

Calidus Resources is currently in the middle of a large resource infill and extension program across the Warrawoona project in the coming months.

The company said the recently-identified gold-in-soil anomalies add new walk-up drill targets with potential to add further scale to the project where there has been limited regional exploration activity over the past 30 years.

By using modern exploration techniques to define new prospects, Calidus has identified multiple new mineral occurrences that remain untested, with most targets remaining open along strike.

The company has a RC drilling program planned to initially evaluate the most notable anomaly at the Liberator prospect.

“We are delighted to announce the results of our maiden soil geochemistry program,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“The 2018 soil sampling program has been effective in refining known gold prospects and defining previously unknown gold-in-soil anomalies within the project area.

“The dimensions of these soil anomalies are several orders of magnitude higher than the average background gold mineralisation values which is very encouraging at this early stage.

“We believe this supports the potential of the project to generate multiple near surface targets.

“Detailed geological mapping and drill testing under selected high-priority targets will be undertaken during the year.”





Venture Minerals Confirms VMS System at Thor

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) fielded a crowd of onlookers at its booth on Day Three at the Diggers & Dealers Mining Forum in Kalgoorlie.

The interest stemmed from its announcement of the intersection of a 17 metre zone of disseminated, semi-massive and massive sulfides during the maiden drill program at the company’s Thor VMS (Volcanogenic Massive Sulfides) prospect in Western Australia.

Venture claims Thor to demonstrate the same electromagnetic (EM) and geochemical signature as Teck’s adjacent VMS Kingsley discovery but is substantially larger in scale with up to 20 strike kilometres of a VMS style target sequence.

Venture has completed a visual inspection and preliminary hand-held XRF analyses on the diamond core, which it said has verified the presence of copper and zinc (chalcopyrite and sphalerite) within the pyrrhotite dominated sulfides.

Additionally, other elements such as lead, bismuth, tin, tungsten and arsenic have also been identified confirming VMS style mineralisation.

Samples have been submitted for assay to confirm the system is mineralised.

In response to the new discovery Venture is commissioning an airborne electromagnetic survey to commence immediately over the entirety of the Southwest tenement package.

The survey will not only target the 20 strike km of the Thor priority VMS drill target, but also the other VMS targets within Venture’s tenure.

The company considers that using the latest EM technology will further enhance itys ability to identify potentially higher-grade areas of the Thor VMS system.

“Confirmation that the EM signature represents sulfides has substantially raised the prospectivity of the 20 kilometre long VMS Thor target,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“In addition, the identification of copper and zinc within those sulfides has made Thor a top priority target for Venture moving forward.”





Musgrave Minerals Drilling at Lake Austin North

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) managing director Rob Waugh informed the Day Three crowd at the Diggers & Dealers Mining Forum in Kalgoorlie of the company’s latest round of drilling.

Musgrave Minerals has commenced drilling to test the A Zone and C Zone gold targets at Lake Austin North on the company’s Cue project in Western Australia’s Murchison district.

The drilling program will consist of approximately 30 reverse circulation (RC) drill holes for 7,500m extending into fresh rock, down dip of recently intersected gold mineralisation, including;

13 metres at 3.95 grams per tonne gold to EOH from 120m, including 2m at 10.5g/t gold to EOH;

31m at 1.78g/t gold to EOH from 124m; and

21m at 1.15g/t gold to EOH from 132m, including 4m at 4.07g/t gold to EOH.

Musgrave explained that several drill holes from the previous program terminated in high-grade gold mineralisation due to the depth capacity of the drill rig.

The company’s upcoming program will extend those intersections and test for new mineralised positions and will take approximately six weeks to complete with first assays expected in early September.

“There is significant evidence to suggest that Lake Austin North is a large, well mineralised gold system,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This is an exciting drill program as it will test the unweathered granodiorite-mafic contact below where we are seeing an extensive regolith gold halo and significant gold grades.”

The A Zone target at Lake Austin North consists of a regolith gold mineralised halo extending up to 300m wide and covering a strike extent of over 700m.

The target is open to the north and south where recent aircore drilling intersected the grades mentioned above terminating in gold mineralisation.





Anglo Australian Resources Feysville Drilling Returns Dividends

THE DRILL SERGEANT: As the Diggers & Dealers Forum kicked off in Kalgoorlie, Anglo Australian Resources (ASX: AAR) lodged an update in relation to the company’s Feysville gold project in Western Australia.

Anglo Australian commenced a Reverse Circulation (RC) drilling campaign in June at Feysville – specifically, at the Think Big, Saintly and Saintly South prospects, as well as to the south of Think Big with the aim of expanding the footprint of gold mineralisation at the currently known prospects and test a new target to the south of Think Big where geophysics and gold anomalism in previous aircore drilling suggested potential for additional mineralisation.

Several holes – FRC111-116 and FRC120 – were drilled at Think Big.

8 metres at 1.32 grams per tonne gold from 56 metres; and

12m at 1.07g/t gold from 64m, 4m at 1.56g/t gold from 80m, and 4m at 1.72g/t gold from 92m

These holes intersected a new structure located just to the west of, and parallel with, the interpreted position of the Ethereal Shear Zone, with a potential strike length of at least 200m.

Four RC holes were drilled at Saintly as part of the June campaign encountering a new gold intersection in:

8m at 3.14g/t gold from 68m.

FRC110 is the northernmost hole yet completed at Saintly and gold mineralisation remains open to the north into an area with mapped andesite, the preferred host rock at Think Big.

“Not wishing to sound like a broken record, the more we drill at Think Big and Saintly, the more gold mineralisation we identify,” Anglo Australian chairman John Jones said in the company’s announcement to the Australian Securities Exchange.

“That said, we remain yet to fully understand the geological controls on gold mineralisation in this area.

“To this end, the diamond drilling campaign currently underway should be of great assistance in our future targeting efforts.

“The fact that metallurgical test work of Think Big ore has delivered excellent recoveries ticks a further box towards the establishment of a mining operation.

“Separately, shareholders might have seen recent comments from Bill Beament, executive chairman of major gold producer, Northern Star Limited, our immediate neighbour to the south at Feysville, where he talked highly of the prospectivity of this underexplored area and how the intention is for their company to spend a large portion of its $60 million exploration budget for the year in this area.

“It seems Anglo Australian is not alone in considering the area to the south of Kalgoorlie still has much to offer and is of considerable merit.”





Vango Mining Triples Trident Gold Target

THE DRILL SERGEANT: Vango Mining (ASX: VAN) presented progress being made during extensional drilling being undertaken at the company’s high-grade, Trident gold deposit at the Plutonic Dome project, in the Mid-West region of Western Australia.

Vango Mining is currently undertaking a deeper, extensional drilling program at Trident, designed to test for repetitions at depth plus extensions to the west, of the deposit’s very high-grade gold mineralised core.

This drilling has intersected a 12 metre thick zone of the mineralised ultramafic rocks that host the Trident deposit from approximately 600 metres below surface in drillhole VTRRCD0029, approximately 750 metres (and 1km down-dip from surface) west of the current very high-grade drill-defined core at Trident.

“This confirms that the mineralised system now extends to at least one kilometre in (down-dip) length, effectively tripling the size of the targeted zone at Trident,” Vango Mining said in its ASX announcement.

Vango has drilled a further five drillholes, including one diamond hole, which also tested the western, up-plunge projection of the high-grade mineralisation at Trident, to further define the mineralisation and extend the resource prior to evaluation of this area as a potential box-cut access point for a decline to the very-high grade core of the Trident gold deposit.

Selected samples from the Trident drilling are being processed and Vango anticipates results will be reported in due course.

No results have been received from these holes to date.



Cygnus Gold Defines High-Priority Targets at Lake Grace

THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) announced to the Day Two crowd at the Diggers & Dealers Forum in Kalgoorlie that it has completed first pass surface sampling and ground gravity over high ranking targets on the Lake Grace project.

The Lake Grace project is subject to an Earn-in Agreement with Gold Road Resources (ASX: GOR) with Cygnus managing the exploration programs.

Cygnus Gold has collected ground gravity data over the Holland Rock 3 (HR3) and Panhandle prospects, from which it has identified several high priority targets with coincident surface gold anomalism.

Follow up drilling is planned once all assays are received and have been interpreted.

The company said that surface sampling over the HR3 target identified a thin, 500 metre long (open to the north) gold anomaly associated with a NE trending structure adjacent to a coherent multi-element anomaly, loaded with what Gygnus described as ‘pathfinder’ elements typically associated with gold mineralisation in the region.

Results from surface sampling over the Panhandle prospect are expected in the next month with follow up aircore and RC drilling planned later in the year to test these emerging targets during the summer drilling season.

Cygnus has also collected ground gravity data at selected prospects on the Wadderin project, also subject to an earn-in agreement with Gold Road.

Results from these surveys will be announced once interpretations are completed in the coming weeks.

“It’s great to see these exciting results from the first programs at Lake Grace and Wadderin,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“We’ve made significant progress since listing in January, from targeting to on-ground programs including the use of low-cost gravity surveys to define high quality gold targets for follow up.

“We appreciate the support of our partner Gold Road Resources on these projects as we prepare targets for drilling in the coming months.”





Saturn Metals Defines Higher Grade Gold Lode at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) was entertaining plenty of enquiries on Day One of the Diggers & Dealers Forum in Kalgoorlie after reporting results from resource upgrade drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals said the drilling has defined a continuous, higher grade gold lode at the northern end of the deposit.

Shallow RC intersections include:

11 metres at 4.06 grams per tonne gold from 132m within 18m at 2.58g/t gold from 126m;

10m at 2.98g/t gold from 92m within 28m at 1.2g/t gold from 82m; and

11m at 1.98/g/t gold from 71m within 27m at 1.19g/t gold from 60m.

Saturn Metals explained the drilling has outlined a thick higher-grade lode structure within a broad resource grade envelope adding that potential exists to further define this robust lode along strike.

“We are delighted with the emerging picture at Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“These excellent results have provided a step-change in our understanding of the deposit’s potential.

“We look forward to assessing and reporting the remaining results from our latest phase of RC drilling and incorporating them into the resource re-calculation that will take place later this year.

“Based on the results received since we began drilling at Apollo Hill in March, it is reasonable to expect that the resource will grow.”





Impact Minerals Hits Further Massive Sulphides at Commonwealth

THE DRILL SERGEANT: A release from Impact Minerals on Day One of the Diggers & Dealers Forum in Kalgoorlie informed the crowd of varying widths of sulphide mineralisation intersected at the company’s 100 per cent-owned Commonwealth project north of Orange in New South Wales.

Impact Minerals said the sulphide mineralistaion had been encountered in all six diamond drill holes it has completed thus far in a follow up drill program at the Main Shaft and Silica Hill prospects within the Commonwealth project.

The company expects first assays by the end of August, which it said could offer the potential for a material increase in the Inferred Resource for the project.

At Main Shaft four diamond drill holes have been completed to test for extensions at depth and along trend from the previously identified gold and silver-rich massive sulphide lens.

“All four holes intersected varying widths of massive and/or semi-massive sulphide mineralisation comprising between 50 per cent and 70 per cent sulphides dominated by thicker layers of pyrite interlayered with up to 15 per cent fine grained zinc sulphide (sphalerite) and up to 5 per cent lead sulphide (galena),” Impact Minerals said in its ASX annpuncement.

“In a few places there are also zones with thick layers of sphalerite with lesser galena and pyrite.”

At Silica Hill two diamond drill holes were completed to test down dip and along-trend extensions to the previously discovered high grade gold and silver mineralisation.

“Both of these holes demonstrate a continuation of the Silica Hill mineralised system for at least 200 metres along trend, although it is much narrower in Hole 080 than previous drill holes along the southern trend of mineralisation,” Impact said.

“The mineralisation at Silica Hill is still open in all directions and further deeper drilling is required.”

Impact has more detailed interpretation of these drill holes from both Main Shaft and Silica Hill in progress and these will be fully assessed upon receipt of the assays.





Bellevue Gold Achieves Highest Gold Drill Hit

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) rattled the tent on Day One of the Diggers & Dealers Forum in Kalgoorlie after releasing drilling results it claims to have confirmed the recent 800 metre strike length discovery at the company’s Bellevue gold project in Western Australia.

Bellevue Gold encountered an intersect of 4.3 metres at 58.8 grams per tonne gold in the Tribune Footwall directly below the Bellevue underground workings.

Bellevue Gold has named the discovery the Viago Lode (Viago Shear Zone) that has been defined by scout diamond drilling for 800 metres of strike and remains open.

The company said it considers the latest drill result as highly significant given the exceptional tenor of mineralisation and the wide spacings of the current drill grid (approx. 240 metres).

Bellevue described the result as reminiscent of the high-grade bonanza ore shoots at the historical Bellevue mine in geology, grades and width.

“We are very pleased with how this new discovery continues to firm up, with the latest drill result confirming the Viago Lode to be another significant discovery for the company,” Bellevue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“To have intercepted visible gold mineralisation in all but a single hole with scout drilling over 800 metres of strike length is quite exceptional and now with the receipt of this latest bonanza grade intersection the potential of the Viago Lode is starting to become clear.

“To have a second, high-grade gold discovery in such a short period of time points to the quality of the Bellevue Lode system.

“We are very excited to add another drill rig and anticipate we will upgrade the recent maiden resource estimate in Q4 of this year.”