Alliance Resources Commences Drilling of Weednanna Regional Targets

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has commenced aircore drilling on the regional gold targets surrounding the Weednanna gold deposit, part of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources (ASX: TYX) (24.99%).

Alliance Resources indicated the first regional gold exploration target to be tested is the Weednanna East gold prospect.

A total of 85 holes for 5,525 metres is planned to be completed with the aim of defining gold in regolith anomalism.

Alliance explained the drilling will consist of four lines of 50m by 200m spaced holes designed to test around the existing gold in soil and regolith anomalism, extend coverage to the west to existing RAB drilling at Weednanna and east to cover a series of northwest striking faults.

“Holes will be drilled vertically to blade refusal and sampled over four metre composite intervals for gold and base metals,” Alliance Resources said in its ASX announcement.

“Any composite samples returning anomalism will be re-sampled and analysed over one metre intervals.”

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Galena Mining Kicks-off Abra DFS

THE BOURSE WHISPERER: Galena Mining (ASX: G1A) has commenced a definitive/bankable feasibility study (DFS) for the company’s wholly-owned Abra base metals project, located in Western Australia.

Galena Mining announced it has retained Australian engineering consulting and contracting company, GR Engineering Services Limited (ASX: GNG) to undertake key portions of the DFS related to plant design, capital cost and operating cost estimation, process and non-process infrastructure evaluation.

“The recently published pre-feasibility study for Abra demonstrated outstanding investment returns and we’re keen to see it engineered to the highest standards so we’re in a strong position to commence construction next year,” Galena Mining managing director Alex Molyneux said in the company’s announcement to the Australian Securities Exchange.

“In this regard we’re very pleased to have GR Engineering onboard in a key role.”

In addition to the appointment of GR Engineering, Galena also recently appointed a full-time metallurgy and study manager to lead the internal DFS work under the guidance of COO, Troy Flannery.

Galena explained that the DFS and various related appointments follow completion of a pre-feasibility study (PFS) for Abra that predicted a 1.2 million tonne per annum throughput underground mine and conventional floatation concentrator for the project to produce a high-grade, high-value lead silver concentrate containing 91,000 tonnes per annum of lead and 760,000 ounces per annum of silver over a 14-year mine life.

Key work items in the PFS were already completed to DFS-level including: geotechnical drilling; metallurgical testwork; environmental studies and reports; water supply analysis; hydrogeology; underground mine designs; and infrastructure design.

The DFS is targeted to be complete in mid-2019, while in the meantime, Galena expects to progress value-adding milestone workstreams in parallel.

Galena is maintaining its targeted commencement of construction at Abra in 2019, initial production in 2021 and the first full-year of steady-state commercial production in 2022.

 

Email: admin@galenamining.com.au

Website: www.galenamining.com.au

 

Corazon Mining Upgrades Lynn Lake Mineral Resource

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) released a new, upgraded Mineral Resource Estimate for the company’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.

The updated JORC Code 2012-compliant Resource has come in at:

15.3 million tonnes at 0.72 per cent nickel, 0.34 pe cent copper, 0.034 per cent cobalt (Indicated and Inferred, at a 0.5%Ni cut-off), for total contained metal of 110,400 tonnes nickel, 51,400 tonnes copper, 5,200 tonnes cobalt.

The upgraded Resource also includes a high-grade Resource Estimate of:

5.2 million tonnes at 1 per cent nickel, 0.41 per cent copper, 0.044 per cent cobalt (Indicated & Inferred, 0.7%Ni cut-off).

Corazon Mining explained the new Resource Estimate represents more than a 60 per cent increase in total tonnes and a 35 per cent increase in nickel and copper metal, in comparison to its previous JORC Mineral Resource Estimate of 2015.

Of further interest is that this time, cobalt has been included in the new Resource Estimate (historically excluded), which the company considers adds further value.

Corazon Mining said the new Resource provides an excellent foundation upon which it can now base mining and development studies.

These studies are expected to be undertaken subsequent to detailed metallurgical testwork, which is currently in progress and scheduled for completion by the end of this year.

“This Resource represents a huge improvement in quality from the previous work and, along with the first modern metallurgical testwork which is currently underway, will give us a very clear indication of Lynn Lake’s value and what is needed for the redevelopment of the Mining Centre,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

OZ Minerals Moves to 51% Ownership at West Musgrave

THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) declared OZ Minerals (ASX: OZL) to have reached 51 per cent ownership of the West Musgrave project (WMP) Joint Venture in Western Australia.

OZ Minerals (ASX: OZL) has completed the earn in of 51 per cent of the West Musgrave project following the necessary investment of $22 million.

Cassini Resources and OZ Minerals are currently conducting a Pre-Feasibility Study (PFS) of the West Musgrave copper nickel project, which has been focused to date on further drilling and improving metallurgical recoveries.

Cassini Resources managing director Richard Bevan said in the announcement to the Australian Securities Exchange. “With the West Musgrave project’s PFS being well on track, we look forward to continuing our strong relationship with OZ Minerals as the project progresses.”

OZ Minerals’ deal with Cassini is one of a number of exploration earn-in agreements the company has with explorers.

OZ Minerals approaches these deals by providing with exploration expertise in specific geologies and locations while earn-in partners access capital to undertake drilling programs.

OZ Minerals typically works with the earn-in partners to oversee projects while they manage on the ground activities.

The company considers the early study results achieved to date at the WMP encouraging in a number of areas, including resource extension drilling and metallurgy, with good progress made in heritage clearances and community engagement.

“Our confidence in the project’s potential has increased and supports reaching the 51 per cent earn-in level earlier than originally anticipated,” OZ Minerals CEO Andrew Cole said.

“Recent early metallurgical test work shows significant improvements over the results achieved during the Further Scoping Study with a material improvement in copper and nickel recoveries.

“On results to date, we have also seen an increase in copper concentrate grade while nickel concentrate grade remains in line with the Further Scoping Study.

“These encouraging, improvements together with results from our regional exploration drill program that intersected massive sulphides at Yappsu (located approximately six kilometres from the Nebo-Babel deposits which are the primary focus of the PFS), further support our view that West Musgrave has the potential to be an exciting new mineral province with near mine and district opportunities.

“The 2018 resource drilling program to date has also increased our confidence in the existing resource model and geological interpretation such that we now intend to bring forward the 2019 infill drilling program to commence later this year, so as to enhance the potential Feasibility Study schedule.”

 

Email: info@ozminerals.com

Website: www.ozminerals.com

 

Intermin Resources Extends Anthill Strike Length

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) recently completed an extensive resource extension drilling program at the company’s 100 per cent-owned Anthill gold project on the Zuleika Shear, north-west of Kalgoorlie – Boulder in the Western Australian goldfields.

Intermin Resources drilled a total of 122 Reverse Circulation (RC) holes for 15,118m to an average depth of 120m and maximum depth of 284m that were focussed on extending the 120m of strike length that contains the current Mineral Resource estimate.

This stands at 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold.

Intermin said the new results have extended the known strike length to more than 400m with mineralisation intersected, including:

AHRC18079
31 metres at 3.28 grams per tonne gold from 112m, including 1m at 31.7g/t gold from 130m;

AHRC18092
19m at 2.7g/t gold from 57m;

AHRC18051
10m at 2.79g/t gold from 80m;

AHRC18043
12m at 2g/t gold from 36m;

AHRC18119
4m at 8.13g/t gold from 60m;

AHRC180116
8m at 1.92g/t gold from 96m and 4m at 7.67g/t gold from 112m; and

AHRC18079
13m at 1.44g/t gold from 43m, 6m at 1g/t gold from 66m, 3m at 2.7g/t gold from 112m.

Intermin said that mineralisation it had intercepted to the north, south and east beyond the current resource envelope and remains open in all directions.

Drilling consisting twenty-four exploration air core and RC holes completed 2.5km NW of Anthill confirmed two new prospects, Fire Ant and Tree Ant.

Results from this returned:

ARAC1808
5m at 2.45g/t gold from 33m and 1m at 0.91g/t gold from 44m;

ARRC1815
4m at 0.69g/t gold from 32m and 8m at 1.37g/t gold from 80m; and

ARRC1822
4m at 1.08g/t gold from 72m.

Intermin Resources anticipates an updated Mineral Resource for Anthill to be ready in the December Quarter with open pit mine development studies and further drilling scheduled for March Quarter 2019.

Further assays are pending and expected within the current Quarter with the rigs now drilling at the Binduli and Blister Dam gold projects.

“These latest results from Anthill continue to demonstrate the potential scale and quality of the orebody that continues to grow with each drilling campaign and certainly justifies our belief that the Zuleika Shear can deliver new large-scale open cut and underground gold deposits,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Once we receive the final assay data we will compile an updated Mineral Resource Estimate in the current December Quarter and progress future development studies in early 2019.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Black Cat Sees Potential at Myhree

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported updated results from drilling carried out on the Myhree-Boundary Corridor at the company’s 100 per cent-owned Bulong gold project.

Black Cat Syndicate conducted the drilling to follow-up encouraging intersections encountered earlier this year to the north of Myhree.

The company has now extended Myhree a further 50 metres to the north by encountering additional shallow, thick and high grade intersections, including:

18MYRC011
11 metres ta 8.3 grams per tonne gold from 28m; and

18MYRC009
2m at 9.63g/t gold from 119m.

The Black Cat indicated it had made further progress along the Corridor at Boundary, where it again had earlier reported encouraging intersections of an offset position to the south of Boundary.

Extensional RC drilling conducted to the south has extended this offset position by 100m with an intersection of:

18BORC021
7m at 2.49g/t gold from 66m.

“These positive results show the potential of the Corridor, which has been subject to little previous exploration,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We have rapidly extended Myhree by 50 metres to the north and Boundary by 100 metres to the south.

“The results show the potential for shallow, thick and high-grade mineralisation along this 1,400 metre Corridor.

“This is an exciting opportunity for Black Cat that we will continue to aggressively pursue.”

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au

 

Pursuit Minerals Identifies 3.5km of Vanadium Strike

THE DRILL SERGEANT: Pursuit Minerals (ASX: PUR) located extensions to vanadium mineralisation at the company’s Airijoki project in Northern Sweden, just in time for the Brisbane Mining 2018 Conference next week.

Pursuit Minerals conducted rock chip sampling of 3.5 kilometres of highly magnetic meta-diabase rock that defined extensions of mineralisation previously identified by historical drill holes K-AIR1 and K-AIR5.

Pursuit re-assayed intercepts from these historic holes in August 2018, from which it identified substantial thicknesses of vanadium mineralisation in magnetite concentrate including:

K-AIR1
178 metres at 1.33 per cent vanadium pentoxide (V2O5) from 9m, including 16m at 2.03 per cent V2O5 from 171.3m; and

K-AIR51
10m at 2.01 per cent V2O5.

Pursuit has planned a drill program, to commence in early November, to test the 3.5km strike extension of the vanadium mineralisation, with the objective of defining an initial JORC Inferred Mineral Resource.

Pursuit said the re-sampling of the two historical drill holes at Airijoki showed the vanadium mineralisation to be extremely thick in sections and produced very high-grade vanadium in magnetite concentrates.

“The meta-diabase rock hosting the mineralisation is highly magnetic and using our recently collected heli-magnetic data we were able to map and sample the meta-diabase unit for a further 3.5 kilometres north of holes K-AIR1 and K-AIR5,” Pursuit Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“The rock chip samples show vanadium mineralisation at surface along the outcropping meta-diabase unit which has provided the technical justification for Pursuit to proceed with a drilling program to define a JORC Inferred Mineral Resource for Airijoki.”

 

Email: info@pursuitminerals.com.au

Website: www.pursuitminerals.com.au

 

Minotaur Exploration Encounters Further Jericho Copper

THE DRILL SERGEANT: Minotaur Exploration (ASX: MEP) encountered copper-gold intersections from the Jericho target at the Eloise project, located 60 kilometres southeast of Cloncurry, in northwest Queensland.

The Eloise project is a Joint Venture between Minotaur and OZ Minerals (ASX: OZL).

In the lead up to the Brisbane Mining 2018 Conference, Minotaur Exploration said recent drilling was carried out at Jericho, positioned close to the Eloise mine that has now paused for compilation of the drill database.

The drill rig has moved on to test other regional ground EM targets until the ‘wet season’ imposes field activity shutdown in November.

Since the start of drilling into the Jericho EM anomalies in October 2017 the JV has completed 28 holes, of which assays for six (EL18D20-EL18D25) from J1 and J2 zones have been delivered.

Results include:

J1

EL18D20
30 metres at 0.42 per cent copper, 0.11g/t gold from 298m, including 1m at 1.43 per cent copper, 0.03g/t gold and 2m at 1.93 per cent copper, 0.86g/t gold;

EL18D21
20m at 0.14 per cent copper, 0.07g/t gold from 327m;

EL18D22
36m at 0.32 per cent copper, 0.11g/t gold from 170m, including 6m at 1.02 per cent copper, 0.23g/t gold, and
14m at 1.27 per cent copper, 0.09g/t gold from 333m, including 6m at 2.65 per cent copper, 0.13g/t gold;

EL18D23
21m at 1.39 per cent copper, 0.3g/t gold from 289m, including 11m at 2.05 per cent copper, 0.41g/t gold, and
12m at 0.57 per cent copper, 0.08g/t gold from 320m, including 1m at 2.85 per cent copper, 0.1g/t gold and 2m at 1.37 per cent copper, 0.37g/t gold;

EL18D24
26m at 1.45 per cent copper, 0.21g/t gold from 162m, including 12m at 2.23 per cent copper, 0.3g/t gold and 1m at 5.61 per cent copper, 0.84g/t gold; and

EL18D25
17m at 0.34 per cent copper, 0.04g/t gold from 190m and 10m at 0.41 per cent copper, 0.1g/t gold.

J2

EL18D23
20m at 1.1 per cent copper, 0.21g/t gold from 645m, including 2m at 1.57 per cent copper, 0.17g/t gold and 9m at 1.98 per cent copper, 0.4g/t gold;

EL18D24
13m at 0.32 per cent copper, 0.11g/t gold from 369m; and

EL18D25
23m at 0.7 per cent copper, 0.29g/t gold from 400m, including 5m at 1.91 per cent copper, 1.12g/t gold.

“Numerous conductors were identifed mid 2017 as part of the ‘Route 66’ survey, however many were not drilled due to early success at Jericho elevating it to be the primary focus,” Minotaur Exploration said in its ASX announcement.

“The new drill program comprises 13 holes for 4,750m examining ‘Defance’ (to follow up on 1 hole drilled into Defance previously), ‘Bagdad’, ‘Pasadena’, ‘J4’, ‘Clementine’, ‘Winona’ and ‘Navajo’ targets.

“Drilling will operate around the clock until the campaign concludes in November.”

 

Email: admin@minotaurexploration.com.au

Website: www.minotaurexploration.com.au

 

Sheffield Resources Confirms Night Train HM Discovery

THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) announced results from exploration drilling undertaken at the Night Train prospect at the company’s Dampier mineral sands project near Derby in northern Western Australia.

Night Train is located 20km southeast of Sheffield Resources’ world-class Thunderbird deposit, which forms part of the Dampier project.

Sheffield completed 23 aircore drill holes completed in September as part of an extensive regional exploration drilling program targeting additional large, zircon rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant.

Results include:

DAAC114
27 metres at 5.29 per cent HM from 49.5m, including 22.5m at 6.17 per cent HM from 52.5m;

DAAC147
7.5m at 6.46 per cent HM from 27m, including 4.5m at 9.7 per cent HM from 28.5m;

DAAC102
12m at 4.54 per cent HM from 18m, including 7.5m at 6.15 per cent HM from 19.5m; and

DAAC101
6m at 8.92 per cent HM from 12m.

Sheffield said the latest results had extended the broad, high-grade mineralised intervals at Night Train it had previously identified by a single drill traverse.

At one per cent heavy mineral (HM) cut-off the mineralisation has a strike length of over 4.5 kilometres and a width of up to 1.5km.

Within this is a coherent high-grade zone (at 3% HM cutoff) of up to 22.5m thick (average 7.5m).

Sheffield has, to date, outlined the high-grade zone over an area of 4.5 square kilometres that is open along strike and down dip.

The mineralisation thickens to the south-southwest where it again remains open.

Sheffield indicated it would undertake further mineral assemblage testwork ahead of a maiden Mineral Resource estimate, scheduled for completion in Q1 2019.

“The discovery of additional high grade mineralisation containing high-quality zircon in close proximity to Thunderbird is particularly significant because it has potential to contribute to further growth and product flexibility,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

“This discovery is further proof that the Canning Basin is emerging as Australia’s next major mineral sands province.

“Our recent regional drilling program was extensive and there are many more results to follow.”

 

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au

 

Bellevue Gold Encounters Encouraging Hits at Viago Discovery

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) announced recently completed diamond core drilling at the new Viago Lode discovery at the company’s Bellevue gold project in Western Australia.

Bellevue Gold sai the drilling had defined a bonanza grade zone more than 120 metres in the central portion of the new discovery zone, returning results of:

3 metres at 85.9 grams per tonne gold from 597m, including 0.5m at 445g/t;

6.4m at 27.9g/t gold from 587.6m, including 2.8m at 62.8g/t;

6.9m at 18g/t gold from 535.9m, including 0.6m at 203.3g/t; and

2.4m at 36.3g/t gold from 606.8m.

Bellevue said the results had confirmed Viago as a Western Australian Archean high-grade gold discovery that is open in all directions and located less than 150m from the historic Bellevue underground development and workings.

The company intimated a maiden resource estimate could be in place at Viago this quarter, which will add to the recently defined Bellevue gold project resource estimate of 1.9 million tonnes for 500,000 ounces of gold at 8.2g/t gold inferred category resources.

“These latest drill results from the Viago discovery confirm the lode system as being of exceptional quality and grade,” Bellvue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The historic Bellevue Mine was one of the standout high-grade gold mines of the 1980s and 1990s in Australia and the company is now increasingly confident that the Viago and Tribune Lodes will continue that legacy well into the future.

“We look forward to keeping the market informed of progress at this exciting discovery as exploration progresses and we move towards an updated resource estimate this quarter.”

 

Email: admin@bellvuegold.com.au

Website: www.bellevuegold.com.au