Auroch Minerals Encounters Massive Nickel Sulphides Outside Saint Patricks

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced intercepts of massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit within the company’s Saints nickel project in Western Australia.

Auroch declared that two drill-holes from a current diamond drill program at the Saints nickel project intersected massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit.

The two holes, SNDD021 and SNDD022, were drilled into the Saint Patricks channel into a gap between the modelled nickel sulphide mineralisation used in the current mineral resource estimation.

Both holes hit massive nickel sulphides on the basal contact, with SNDD021 intersecting 3.01 metres of massive nickel sulphides from 177.08m and SNDD022 intersecting 0.84m from 177.73m.

“We are delighted with the visual results we are seeing so far from our diamond drill program at Saints, particularly those intersections of massive nickel sulphides in holes SNDD021 and SNDD022 which have shown that mineralisation is actually continuous right through what was previously interpreted to be a gap in the Saint Patricks Resource,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The nickel sulphides intersected in the infill drilling has been consistent with our current model which confirms our existing resource estimation and bodes well for the planned upgrade to the Saints Resource, which will underpin the Scoping Study that is ongoing.

“We also now have the bulk samples we require to commence the all-important metallurgical testwork for the Saints nickel sulphide mineralisation, so everything is coming together and really looking good as we progress our Saints Scoping Study towards completion in the June quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

 

Gascoyne Resources Drills Depth Potential at Plymouth

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) reported encouraging drill results from near-mine exploration at the company’s 100per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources said its latest exploration developments include positive results immediately below the operating Plymouth open pit and further results from the emerging Gilbey’s North discovery, located immediately north of the Gilbey’s pit, which is the main source of ore feed at Dalgaranga.

The first hole of the Reverse Circulation (RC) drill program returned:

DGRC0753
11 metres at 2.75 grams per tonne gold from 89m.

Drilling at the Gilbey’s North prospect, located north of the main Gilbey’s open pit increased the width and extent of the mineralised zone.

Intercepts from Gilbey’s North include:

DGRC0745
6m at 1.6g/t gold from 91m;

DGRC0749
4m at 3.7g/t gold from 78m, including 1m at 11.3g/t gold; and

DGRC0750
9m at 1.1g/t gold from 84m.

“These latest results demonstrate the significant untapped potential in the near-mine environment at Dalgaranga, with positive new results in close proximity to existing mining areas at both the Plymouth and Gilbey’s open pits,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s AX announcement.

“With the Gilbey’s North discovery firming up as a very compelling target, and with a number of near-mine targets like Plymouth producing standout results, we are now intently focused on converting these results into potential upgrades to Resources, Reserves and mine life at Dalgaranga.

“These results really reinforce Gascoyne as an exciting growth opportunity, with solid production and a great processing plant at its core – and an active exploration team delivering new ounces and blue-sky growth potential.

“This is a rare combination that I think investors want to see – a company actively capitalising on its potential.

“We are continuing to see good gold production from our plant through the short month of February, we are making meaningful near-mine shallow discoveries with the potential to become mill feed in the short term and, with plenty of untested targets, our team is just getting started.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

 

Azure Minerals Drilling Results Prepare for Andover MRE

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported assay results from the final 14 drill holes of the mineral resource drill-out of the Andover nickel-copper sulphide deposit on the company’s Andover project (60% Azure/40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals has sent all the finalised results from the drilling to its consultants that are completing the maiden Mineral Resource Estimate (MRE) for Andover, which is expected to be released in late March 2022.

Latest results included:

ANDD0112
3.7m at 2.73 per cent nickel, 0.42 per cent copper and 0.12 per cent cobalt from 258.1m downhole; and

ANDD0116
17.9m at 1.57 per cent nickel, 0.79 per cent copper and 0.08 per cent cobalt from 266.8m downhole, including 4.5m at 2.42 per cent nickel, 0.59 per cent copper and 0.11 per cent cobalt from 266.8m downhole; and 3.9m at 2.04 per cent nickel, 0.52 per cent copper and 0.11 per cent cobalt from 277.8m downhole.

“Azure is very pleased with results from the recent drilling, with infill drilling of the deposit confirming excellent continuity of mineralised widths and grades and extensional drilling indicating the mineralisation remains open for further expansion to the east, west and at depth,” the company said in its ASX announcement.

Azure indicated it would now shift its focus to exploring other targets where nickel-copper sulphide mineralisation has already been drilled, such as the Ridgeline, Seaview (formerly VC-23) and Skyline prospects.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Gascoyne Resources Increases New Dalgaranga Gold Discovery

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THE CONFERENCE CALLER: Gascoyne Resources (ASX: GCY) welcomed visitors to its booth at the 2022 RIU Explorers Conference after reporting new drilling results from the zone of recently discovered gold mineralisation immediately north of the Gilbey’s open pit, the main ore source at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources said the new zone, known as Gilbey’s North, has been outlined by shallow RC drilling carried out immediately north of the Gilbey’s pit.

The mineralisation commences from shallow depths (just 1m) and has so far been defined over a strike length of more than 300m, to a depth of almost 200m and over down-hole widths of up to 20m.

“Our on-site geology team continues to deliver consistent drilling results less than one kilometre from the processing facility at Dalgaranga,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“Importantly, the latest drilling results from Gilbey’s North continue to highlight the similarities with the mineralisation styles seen in the main Gilbey’s open pit and, with the closest assay result received so far less than 50 metres from the pit crest, we are growing increasingly confident of the near-term potential to increase resources, reserves and mine life at Dalgaranga.

“The recent addition of a second dedicated RC drill-rig at Gilbey’s North will help us to accelerate the drill-out of what appears to be an important resource extension area in close-proximity to existing mining operations and infrastructure.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

 

Carnaby Resources IP Survey Lights Up Lady Fanny

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THE CONFERENCE CALLER: Carnaby Resources (ASX: CNB) attracted a crowd on the final day of the 2022 RIU Explorers Conference after reporting exploration results from the company’s 100 per cent-owned Lady Fanny copper gold discovery, located within its Greater Duchess copper gold project in Mt Isa, Queensland.

Carnaby Resources reported results from the first three lines of IP completed at Lady Fanny that outlined several strong inversion chargeability anomalies across all three lines.

Data from an additional three infill and extension IP lines have been received and inversion modelling of the data is underway and is expected to be reported soon.

The IP lines were completed over 1.4 kilometres long east-west traverses covering the entire Lady Fanny to Burke & Wills lines of workings.

“The Lady Fanny IP results are extremely encouraging and are suggestive of a much larger copper sulphide bearing system at depth and along strike,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The IP at Lady Fanny appears to be working as well as it did at Nil Desperandum which led to the high-grade discovery.

“This bodes well for the follow up drilling at Lady Fanny which is underway.

“The strength of the Lady Fanny inversion chargeability anomalies is stronger than in the high-grade discovery IP section at Nil Desperandum.

“While the strength of the chargeability inversion anomalies cannot be used as a guide for copper grades or widths, the strength of the Lady Fanny IP chargeability anomalies is certainly a positive sign.

“With this in mind, we are genuinely excited about what lies ahead at Lady Fanny and Nil Desperandum and the broader Greater Duchess copper gold project in the weeks and months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Matador Mining Doubles Gold Target at Window Glass Hill Granite

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THE CONFERENCE CALLER: Matador Mining (ASX: MZZ) was holding court at its 2022 RIU Explorers Conference booth as punters took in the announcement that interpretation of detailed magnetics, lithogeochemistry and historic data has doubled the known strike length of the highly prospective Window Glass Hill Granite (WGHG) Intrusion to over six kilometres at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining explained the new detailed magnetics and bottom of hole (BOH) lithogeochemistry data demonstrate that an untested sheared wedge of the WGHG extends three kilometres further north-east along the Cape Ray Shear Zone (CRSZ) than previously interpreted, immediately north of the 519,000 ounces gold Central Zone Mineral Resources.

“The opportunity presented by the large WGHG system to support significant mineral resource growth within a stone’s-throw of the proposed processing facility at Central Zone is extremely exciting,” Matador Mining executive chair Ian Murray said in the company’s ASX announcement.

“To find that the WGHG extends a further three kilometres to the north-east, immediately adjacent to the existing 519,000 ounce gold Central Zone Mineral Resource, in an area almost completely devoid of previous drilling, represents a great opportunity for Matador to test through 2022.

“Matador will dedicate at least one diamond drill rig throughout the 2022 summer drilling season aiming to grow the WGHG-hosted resources footprint and continue to make new discoveries across the 85 per cent of WGHG area and granite contact zones that are still to be effectively drill tested.

“We will also concurrently advance the broader greenfield discovery efforts and exploration target pipeline.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au

 

Eagle Mountain Mining Going Underground at Oracle Ridge

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THE CONFERENCE CALLER: Eagle Mountain Mining (ASX: EM2) had punters queuing at its 2022 RIU Explorers Conference booth after announcing its plan to recommission parts of the existing underground mine at the company’s 100 per cent-owned Oracle Ridge project in Arizona, USA.

Eagle Mountain explained its reasoning behind the decision being that by accessing the existing Oracle Ridge underground mine it would be able to drill from underground, gaining improved access for future studies.

Indicated benefits include shorter drill holes that will increase productivity and reduce costs and faster upgrading of the Mineral Resource Estimate (MRE) to increase the Measured and Indicated resource categories.

“Drilling from underground will be a massive step-change for our exploration and move us closer to feasibility studies,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are very fortunate to have an existing underground mine in very good condition with development in the right location to continue to build and upgrade our Mineral Resources.

“We don’t need to de-water the mine to access the drill sites and rehabilitation is expected to be relatively minor.

“Along with drilling shorter holes, it also enables better access to the orebody for taking bulk samples for metallurgical test work for optimisation of processing design and recoveries.

“Importantly, two drill rigs will continue to focus on resource expansion and upgrade drilling at the Talon as results have demonstrated the growth potential of the Resource.

“Given the large number of assays pending (56 holes), results will continue to be received whilst we recommission the underground mine.

“With the reduction of one drill rig and the recommissioning of the mine, we do not expect a significant impact on our rate of expenditure.

“However, it is setting us up for the future with drill platforms to efficiently build out the resource and potentially install a drill drive to the south into the Talon zone which is growing with almost every drill hole.

“We are currently in discussions with underground drilling contractors, and we are working to secure a drill rig for mobilisation around Q3 2022.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Azure Minerals Expands Barton Gold Project

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THE CONFERENCE CALLER: Azure Minerals (ASX: AZS) was anticipating a rush of booth enquiries at the 2022 RIU Explorers Conference after announcing the staking of two new Exploration Licence Applications (ELAs) in the Kookynie gold district and application for an additional two new ELAs to the south of the company’s Barton tenement package.

Azure has made application for two Exploration Licences located within the Kookynie gold district.

The tenements are:

• Christmas Well ELA 40/421 69sqkm Azure is sole applicant;
• Two Dees ELA 40/432 33sqkm Azure is sole applicant.

Christmas Well is thought to have potential for Kookynie-style gold mineralisation and Volcanogenic Massive Sulphide (VMS) mineralisation (copper-zinc-lead-gold-silver).

Two Dees is considered prospective for gold mineralisation similar to Genesis’ nearby Ulysses and Admiral-Butterfly-Clark gold deposits.

Azure has also made applications for two new Exploration Licences further south from Kookynie:

• Cranky Jack ELA 31/1310 173sqkm Azure is sole applicant; and
• Yarri ELA 31/1314 208sqkm Multiple applications, pending ballot.

Azure Minerals expects to eventually hold a large, strategically-situated portfolio of tenements within the Kookynie district with potential extensions to the south, comprising:

• One granted Exploration Licence (E40/393: 198sqkm);

• Six ELAs (totalling 483sqkm) with Azure as the sole applicant; and

• Four ELAs (totalling sq336km) where Azure is a competing applicant, and which will go into a Mining Warden’s Court ballot to decide ownership.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

De Grey Mining Wins Craig Oliver Award and Reports New Results from Diucon Deposit at Hemi

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THE CONFERENCE CALLER: De Grey Mining (ASX: DEG) enjoyed the opening morning of the 2022 RIU Explorers Conference by picking up the celebrated Craig Oliver Award.

The Craig Oliver Award is presented each year at the RIU Explorers Conference in memory of the former Sundance Resources director and major contributor to the mining industry and recognises the ASX resources sector’s best all-round achiever throughout the previous 12 months.

When accepting the award in front of a packed day one auditorium at The Esplanade Hotel in Fremantle, De Grey Mining general manager exploration Phil Tornatora said the De Grey story was one that perfectly suited an explorer’s conference.

“The Hemi discovery was made in a frontier area in the Pilbara not seen as a gold destination,” he said.

“Our philosophy has been a geologist’s main job is to find the ore body.

“You can’t find anything without drilling and never die wondering.

“My summary for Hemi is it’s big, it will get bigger and it will be a very big gold mine.”

De Grey had earlier released the latest resource definition and resource extension results from the Diucon deposit at the company’s Hemi gold project in Western Australia.

The drilling has demonstrated gold mineralisation at Diucon to have similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Eagle.

Drilling at Diucon and Eagle has intersected broad zones of mineralised intrusive in resource definition and extensional drilling including late high-grade mineralisation associated with quartz-carbonate veining, sericite-albite alteration and visible gold.

New resource definition drilling results include:

HEDD064
148.6 metres at 2 grams per tonne gold from 92m, including 8.9m at 7.3g/t gold from 101m and 34.8m at 2.9g/t gold from 129.3m;

HEDD305
8m at 5g/t gold from 131m and 71.1m at 3.5g/t gold from 188m, including 38.1m at 6.2g/t Au from 221m;

HEDD307
64m at 3.7g/t gold from 259m;

HEDD107
152.5m at 2.3g/t gold from 53m, including 25m at 4.4g/t gold from 106m and 6.3m at 25.7g/t gold from 135.4m; and

HEDD108
104m at 1.2g/t gold from 151.8m, including 33.2m at 2.3g/t gold from 151.8m.

New extensional drilling results include:

HERC775D
128.9m at 1.5g/t gold from 340m, including 26.3m at 2.3g/t gold from 341m and 43.9m at 2.2g/t gold from 374.1m and 9m at 2.4g/t gold from 441m.

“The resource definition results at Diucon have continued to intersect broad deposits of mineralisation including high grade intervals near surface,” Tornatora said in the company’s ASX announcement.

“[These] and other recent intersections are expected to have a positive impact on the Diucon resource grade and PFS mine schedule.

“The new extensional result at Diucon in HERC775D…including higher grade intervals is located approximately 100 metres beneath the Scoping Study open pit design.

“New pit shell optimisations will be conducted in the PFS aiming to increase gold production from the Diucon pit.

“Diamond drilling at Hemi will pivot to resource extension and discovery drilling after the March quarter and these new results at Diucon provide encouragement.

“Exploration with aircore and RC drilling continues to be conducted in the Greater Hemi region outside the Hemi footprint seeking new near surface gold bearing intrusions.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Alchemy Resources Reports Positive Initial Results from Karonie East Drill Program

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) was handing out Tim Tams at the 2022 RIU Explorers Conference as well as news of the first four-metre composite assays from aircore drilling at the company’s 100 per cent-owned Karonie project in Western Australia.

Alchemy Resources reported drill results that it says have confirmed the relationship between the magnetic highs and structural features that the targeting was based on, with strong results in proximity to holes drilled nearly 20 years ago.

Assay result highlights include:

KEAC009
4 metres at 2.89 grams per tonne gold from 48m;

KEAC045
4m at 2.15g/t gold from 84m; and

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

“At Karonie East, composite aircore assays have intersected numerous zones of mineralisation in saprolite along a trend about 600 metres in strike length in the northern area,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“In the south we are seeing both primary and paleochannel hosted gold mineralisation with results in two separate areas over a strike extent of two kilometres.

“Importantly we have only received about two thirds of the assays from the drill program.

“A full interpretation of the significance of these results is not possible until all the assays have been received, but our early indications show that we are finding mineralisation in areas that were passed over by previous explorers.”

Alchemy anticipates a complete interpretation of the Karonie aircore drill results will be completed once it receives the remaining composite assays and single metre assays.

Additional drill testing is planned and will coincide with a Phase 3 drill program designed to test the Gilmore targets later in the year.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au