Greenstone Resources Meets High-Grade Mineralisation at Burbanks

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) intersected multiple zones of visible gold at Burbanks North, part of the company’s 100 per cent-owned Burbanks gold project south of Coolgardie in Western Australia.

Greenstone Resources reported its most recent hole has demonstrated three discrete zones of mineralisation with visible gold observed within a broader sheared zone extending over 42 metres down hole.

Results include:

BBRC338D
1.5 metres at 43.7 grams per tonne gold from 405.9m, including 0.5m at 113g/t gold from 405.9m;
2.2m at 17.1g/t gold from 399.8m, including 0.6m at 54.1g/t gold from 400.1m; and
1.05m at 22.4g/t gold from 421m, including 0.6m at 33.3g/t gold from 421.4m.

“Following two new discoveries late last year which served to extend the known mineralised strike horizon at Burbanks to over 4.5 kilometres, we are pleased to also confirm that mineralisation at Burbanks North remains open to at least 250 metres below surface,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Importantly, the recent intercept in BBRC338D, in conjunction with the historical shallow drilling already completed, continues to reaffirm the new exploration model for Burbanks North and the potential for future high-grade resource additions here.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greenstoneresources.com.au

 

Web: www.greenstoneresources.com.au

 

Codrus Minerals Identifies Additional Broad Gold Zones at Red Gate

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THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) reported further assay results from Reverse Circulation (RC) drilling completed last year at the company’s 100 per cent- owned Red Gate gold project near Kalgoorlie in Western Australia.

Codrus Minerals said the final assays from the Red Gate drilling demonstrate potential for the project to host both wide lower-grade and narrower higher-grade zones of mineralisation, with mineralisation widely distributed across the key prospects tested to date (Porphyry North, Porphyry West, Grunters, Arieta and Vonu).

At Porphyry West multiple intercepts totalling 51m of gold mineralisation were encountered, including:

RGRC027
8 metres at 0.44 grams per tonne gold from 12m down hole;
23m at 0.61g/t gold from 37m down-hole; and
20m at 0.42g/t gold from 72m down-hole.

At Porphyry North Codrus intersected further mineralisation totalling 45m of gold, including:

RGRC021
20m at 0.56g/t Au from 16m down-hole;
7m at 0.84g/t from 39m down-hole;
4m at 0.35g/t from 56m down-hole;
4m at 0.73g/t from 84m down-hole; and
10m at 0.36g/t from 100m down-hole.

Codrus is now planning follow-up drilling, which is expected to commence in the coming weeks, along with further UAV (drone) magnetic surveys to assist in enhancing the structural interpretation.

“We are very pleased with the outcomes of our maiden drill program at Red Gate,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“While our geological understanding of the project is still developing, the two key takeaways for us are the extensive nature of the gold mineralisation encountered and the fact that the project is clearly capable of hosting both wide zones of lower-grade mineralisation and narrower, high grade gold zones.

“The presence of multiple zones of gold mineralisation in two key holes at both Porphyry North and Porphyry West is an excellent sign, suggesting that there is a significant amount of metal in the system at Red Gate.

“Our focus is now on establishing vectors to the higher-grade zones and to expand the overall mineralised envelope.

“We are very encouraged by what we have seen to date, particularly given the location of this project in a Tier-1 mining district close to several major operating mines.

“We are very close to locking in a drill rig for the follow-up program, and we look forward to providing further updates on our next phase of exploration at Red Gate in the very near future.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Auroch Minerals Intersects High Nickel Grades at Saints

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced intersection of high-grade nickel sulphides at the Saint Andrews deposit of the company’s Saints nickel project in Western Australia.

Auroch Minerals declared nickel sulphide mineralisation to have been confirmed over two main zones, with assays pending above the upper zone it expects to potentially extend the zone even further.

Results include:

SNDD018
2.13 metres at 3.26 per cent nickel, 0.19 per cent copper and 1.24g/t PGE (platinum and palladium) from 167.99m, including 0.31m at 8.83 per cent nickel, 0.44 per cent copper and 2.91g/t PGE (Pt + Pd) from 169.81m; and

4.79m at 2.05 per cent nickel, 0.16 per cent copper and 0.36g/t PGE (Pt + Pd) from 311.98m, including 0.77m at 5.09 per cent nickel, 0.47 per cent copper and 0.50 g/t PGE (Pt + Pd) from 316m.

The diamond drill program comprises predominantly infill drilling aimed at upgrading and potentially extending the current Saints nickel project Mineral Resource of 1.02 million tonnes at 2 per cent nickel for approx. 21,400kt of contained nickel.

“This is an excellent result for the first hole of our current diamond drill program at Saints, confirming two zones of high-grade nickel sulphide mineralisation at Saint Andrews, with individual assays as high as 8.83 per cent nickel,” Auroch Minerals managing director Aidan Platel exclaimed in the company’s ASX announcement.

“With 10 drill-holes now complete, we are working hard to fast-track assay results so that we can commence work on upgrading the Saints Resource, as well as commencing metallurgical testwork from the composite drill core samples.

“With the strong nickel price reaching amazing all-time records yesterday of over US$100,000 per tonne, we believe the Saints nickel project presents significant economic value, and the team is working hard on completing the Saints Scoping Study as we look forward to potential near-term production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Alchemy Resources Outlines New Gold System at Karonie East

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) released assay results from aircore drilling carried out at the Karonie East target within the company’s Karonie project in the Eastern Goldfields of Western Australia.

Alchemy Resources declared the results to have outlined a large north-south trending geochemical anomaly.

Final assays received for the Karonie East drill program outline two large systems of anomalous gold mineralisation along the Karonie East corridor.

The two new zones of gold anomalism have strike length of 950 metres and 4,300m, returning results that include:

KEAC009
2 metres at 2.7 grams per tonne gold from 48m, including 1m at 3.99g/t gold from 48m, and 1m at 1.41g/t gold from 49m;

KEAC045
2m at 3.79g/t gold from 84m, including 1m at 5.24g/t gold from 84m, and 1m at 2.34g/t gold from 85m; and

KEAC075
4m at 1.59g/t gold from 20m.

“The drill program has intersected numerous zones of mineralisation close to areas that were previously drilled on wide spaced RAB lines which failed to penetrate the near surface cover,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“Importantly with our recent drilling, the new mineralised intercepts were logged in saprolite, so we haven’t tested the primary bedrock zone of mineralisation from these areas.

“This will be a key target in follow-up drilling later this quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Estrella Resources Releases Carr Boyd Drilling Results

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) released assays from diamond drilling undertaken below existing workings at the company’s 100 per cent-owned Carr Boyd nickel and copper project, located outside Kalgoorlie-Boulder in Western Australia.

Estrella Resources achieved impressive massive sulphide assay results at the project from hole CBDD064, including:

Main Zone

16.2 metres at 3.12 per cent nickel and 0.6 per cent copper from 192.35m, including 8.07m at 4.31 per cent nickel and 0.75 per cent copper from 199.85m.

Results included individual assays up to 6.42 per cent nickel.

Mid Zone

1.45m at 1.57 per cent nickel and 0.75 per cent copper from 242.8m.

Lower Zone

12.97m at 1.07 per cent nickel and 0.25 per cent copper from 256m, including 3.98m at 1.25 per cent nickel and 0.41 per cent copper from 256.77m, and 5m at 1.37 per cent nickel and 0.21 per cent copper from 263.97m.

“The Carr Boyd project continues to produce some exceptional results, with numerous intersections of massive nickel sulphide and some very high nickel and copper assays associated with these drill hits,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our understanding of this large mineralised system is gaining with every drill hole.

“The high-grade results received from hole CBDD064 beneath the historic Carr Boyd mine not only sees our geological model intact but also bolsters our confidence to unlock further massive nickel sulphides.

“With nickel prices now reacting to strong demand from the global EV and battery revolution, Estrella is in an enviable position owning numerous quality nickel sulphide projects with scope for significant discoveries.

“The Ukraine War with Russia has seen nickel prices reach extraordinary levels overnight on the London Metal Exchange in excess of US$21.80per pound.

“These are prices that haven’t been seen since the resource boom in 2007 and in Australian dollar terms we haven’t seen such prices ever.

“As much as the nickel price rise is welcomed the war in Ukraine is not and I very much pray that peace is restored to the people of Ukraine.

“We are also well funded to continue our drilling efforts to locate what we believe could be a world class nickel sulphide discovery at Carr Boyd and I look forward in providing further news as we push forward.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

Carnaby Resources Drills Nil Desperandum Extension

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) reported on recent drilling at the Nil Desperandum copper-gold discovery withn the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

Canaby Resources said it intersected the Nil Desperandum high-grade shoot in three adjacent drill holes, discovery hole NLDD044, RC drilling hole NLRC066, and diamond hole NLDD073.

The deposit remains completely open down plunge to the south and southwest where several IP chargeability anomalies are located.

Carnaby has interpreted the high-grade copper gold mineralisation in these three holes to represent the start of a new high-grade lode that sits above and slightly offset from the previously defined copper gold breccia lode that has been defined by previous drilling.

RC Drill hole NLRC066 provided confirmation of the shallow southeast dip of the high-grade copper gold discovery, returning:

40 metres at 1.5 per cent copper from 251m, including 30m at 1.9 per cent copper from 253m, including 7m at 2.6 per cent copper from 253m, including 11m at 2.9 per cent copper from 272m.

“The Nil Desperandum high-grade lode is robustly continuing at depth from the discovery hole and we look forward with great anticipation to testing the IP anomalies further down plunge and drilling up and down dip of the high-grade copper gold mineralisation intersected in NLDD073.

“This is the first diamond hole to drill through the entire high-grade lode and has given us great insight into this unique looking new style of copper gold mineralisation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Calidus Resources Subsidiary Identifies Pilbara Lithium Prospect

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI), via its subsidiary company, Pirra Lithium has identified a substantial lithium-bearing pegmatite south-west of Marble Bar in the East Pilbara of Western Australia.

Pirra Lithium is owned equally by Calidus and Haoma Mining.

Recent work carried out by Pirra has resulted in identification of the lithium-bearing pegmatite with a mapped strike length of more than one kilometre.

Pirra also collected 34 rock-chip samples of the pegmatite and the adjacent granitic country rocks that yielded assays of between 0.66 per cent to 2.34 per cent lithium oxide(Li2O), with two samples of metasomatized country rock adjacent to the pegmatite yielding 2.78 per cent and 2.91 per cent Li2O.

An initial 2,500m RC drilling program has been planned to test the thickness and down-dip extent of the pegmatite.

“It is already clear that we are in the early stages of an exciting lithium discovery with both scale and strong grades,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“There is a compelling business case to accelerate exploration now we have confirmed lithium grades for this significant outcropping pegmatite.

“Despite the pegmatite being located close to the Hillside – Marble Bar Road, there is no record of geological mapping or sampling in the area and the area has never been drilled.

“These results highlight the immense prospectivity of the large tenement package and rights owned by Pirra Lithium.

“Work is continuing to determine the full extent of the pegmatite and to identify other pegmatites in the vicinity. As part of this, we are preparing for a maiden drilling program.

“The company will also continue its aggressive exploration program elsewhere on the tenement package.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Ardea Resources Commences Emu Lake Nickel Sulphide Follow up Drilling

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has commenced diamond drilling at the company’s Emu Lake nickel sulphide camp outside Kalgoorlie in Western Australia.

The drill program of approximately 4,350m is to follow-up Ardea’s Binti South prospect high-grade massive nickel-copper-PGE sulphide discovery.

Drilling will also be undertaken at the Binti Gossan prospect one kilometre northwest of Binti South.

Other work is to include detailed DHEM surveys on all drill holes to help locate conductor plates that are typically associated with Emu Lake nickel sulphide mineralisation.

“Supported by funding from the placement ($21.5 million raised in February), the Ardea team have drawn upon their strong local relationships with key service providers and secured a core drill rig ahead of schedule to resume the nickel sulphide drilling at Emu Lake,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“This follow-up drill program is aimed at building upon the discovery success at Binti South and will also test targets down dip and plunge of high grade mineralisation intersected in historic drilling at Binti Gossan.

“The Emu Lake nickel sulphide exploration is evolving as part of a broader Kalpini nickel story.

“It can significantly contribute to Ardea’s building of a green, forward-facing integrated nickel company servicing the lithium-ion battery supply chain with an ESG-compliant, sustainable and ethical product.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Mt Monger Resources Scores Anomalous REE Soil Geochemical Results at Pt Kidman

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THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) reported results of soil and rock chip geochemical sampling from the company’s East Laverton project in the north Eastern Goldfields of Western Australia.

Mt Monger Resources carried out soil sampling on the Pt Kidman prospect area that has identified a previously unknown rare earth element (REE) anomaly that is open along strike and is considered by the company to warrant further follow-up.

The program comprised a total of approximately 350 samples that demonstrated a total rare earth element (TREE) anomaly, which is the combined results for 13 elements, including: lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, erbium, ytterbium, yttrium and scandium.

“The company has been active at its East Laverton project which we consider to be highly prospective for gold, REE and base metals,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Our ongoing work program of soil sampling is giving us a basis to develop high priority targets for drill testing.

“Our technical team is particularly focussed on understanding the REE mineralisation that occurs within the Pt Kidman prospect area.

“The available exploration data indicates that anomalism is widespread and locally very high grade.

“These sampling results, which come from a new area, reinforce that further follow-up exploration is required to evaluate the potential for an ionic-style, clay-hosted REE deposit.

“Work to-date has defined a very large prospective area and the company is preparing an initial drilling program to test the priority areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au

 

Black Cat Syndicate Increases Jones Find Resource

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has increased Resources at the Jones Find deposit, part of the Majestic Mining Centre within the company’s Kal East gold project near Kalgoorlie in Western Australia.

Black Cat has increased the Resource at Jones Find by 67 per cent, taking it to 1.3 million tonnes at 1.3 grams per tonne gold for 55,000 ounces, from the maiden Resource estimate.

This includes a 47 per cent upgrade of the Resource to Indicated category (532,000 tonnes at 1.5g/t gold for 26,000 ounces).

Jones Find is located within 1.5 kilometres of the company’s planned 800,000 tonnes per annum processing facility at the Majestic Mining Centre.

“Jones Find is ideally positioned within 1.5 kilometres of our planned processing facility,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Mining studies are underway on this deposit, which also has long term strategic value as low-cost tailings storage.

“The ongoing growth of this Resource is also encouraging for many other targets we have identified in the area.

“Drilling has already commenced on several of these as the likelihood of future mining is increased given the proximity of the potential milling infrastructure.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au