Sunshine Gold Intersects Titov Mineralised Zone

THE DRILL SERGEANT: Sunshine Gold (ASX:SHN) reported on diamond drilling completed last year at the Titov copper-silver-molybdenum target within the company’s Ravenswood West gold-copper-rare earth project in Queensland.

Sunshine Gold completed drilling the 501.5 metres deep Titov diamond drill hole (21TVDD001) in late December 2021.

The hole was collared approximately 300m south-east of the surface outcrop, having targeted an Induced Polarisation (IP) anomaly, the company had interpreted to be an extension of the copper-silver-molybdenum mineralisation it had intersected in the RC drilling carried out in September 2021.

The company believes the sulphide abundance in the mineralised zone adequately explains the IP anomaly.

“The Titov core looks quite spectacular!” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“Coarse molybdenite is common in quartz veining and chalcopyrite is observed in veining and disseminated in the host porphyry.

“The hole provides context to observations made in weathered surface outcrop and RC drill chips.

“We can see lithological and alteration contacts, mineralisation styles and have been able to gather orientation data on small faults and veining.

“We have now defined the Titov copper-silver-molybdenum system over 300 metres of strike and 300 metres down dip from the outcrop.

“Titov is open at depth and to the east, where the highest copper grades have been intersected.

“There is also a gold in soil anomaly to the east of the drill defined system and exploration efforts will focus on extending the system in 2022.”

Sunshine will have the core cut and assayed, with results expected in late March 2022.

Once cut, select samples of core will be sent for petrology to better understand the timing of alteration events and mineralisation.

Historic diamond drill core from Titov drilling in 1967 has been located at the Queensland Exploration Data Centre, Brisbane.

Sunshine geologists will assess the condition of the historic core in February and relog and photograph all available drill core.

The company has submitted application to cut and sample the historic core.

Follow up RC is being planned to test the eastern extension to the Titov mineralised system at relatively shallow depths that is planned to commence in April.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Miramar Resources Identifies New Gidji Target to Increase Camp-Scale Potential

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) announced identification of a new ‘Highway’ target parallel to the Blackfriars and Marylebone targets at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie in the Eastern Goldfields region of Western Australia.

Miramar Resources carried out a re-examination of historical data, in particular historical auger data, that identified a one-kilometre long auger gold anomaly parallel to the Marylebone target and the newly outlined Blackfriars target.

The main part of the newly identified ‘Highway’ target has not been tested by historical or recent drilling however two historic aircore holes at the western and northern edges of the target (PKAC527 and PKAC034 respectively) both intersected 4 metres at greater than 0.5 grams per tonne gold.

In addition, several aircore holes completed by Miramar at the southern end of the target, testing the Piccadilly target, increase in grade in a north westerly direction towards the main part of the auger anomaly.

Miramar considers the identification of another new target at Gidji reinforces the potential for a substantial new gold camp, with multiple new gold deposits, to be discovered.

“The Gidji JV project is located in a prime geological position within a major mineralised structure and along strike from several large gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Outcrop is minimal with the most prospective geology and structures obscured by transported material and the northern 50 per cent of the project also covered by recent lake sediments.

“Over the last 12 months, we have shown how underexplored this project is with significant new results coming from every drill program and the identification of several new targets beneath shallow cover, each capable of hosting a significant new gold deposit.

“The identification of a large new target straddling a major highway is further evidence of how underexplored the Gidji project is and the significant opportunity we are uncovering.”

Miramar is currently awaiting results from a Phase 5 aircore drilling program completed in late 2021 and is planning a substantial exploration program at Gidji during 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Medallion Metals Reports Gem Deposit Gold Hits

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported latest results from drilling at the Gem deposit part of the Kundip Mining Centre (KMC) within the company’s Ravensthorpe gold project (RGP) in Western Australia.

The Gem deposit hosts Medallion Metals’ current JORC 2012 Minerals Resources Estimate (MRE) of 674,000.

Highlights include:

RC21KP1056
11m at 10.2 grams per tonne gold, 0.03 per cent copper, 0.5g/t silver from 36m, including 3m at 35.9g/t gold, 0.15 per cent copper, 3.6g/t silver from 36m;

24m at 3.8g/t gold, 0.01 per cent copper, 0.3g/t silver from 127m, including 5m at 10.7g/t gold, 0.03 per cent copper, 0.4g/t silver from 139m;

19m at 1.6g/t gold, 0.1 per cent copper, 1g/t silver from 157m; and

RC21KP1047
8m at 4g/t gold, 0.09 per cent copper, 0.9g/t silver from 134m;
11m at 1.2g/t gold, 0.04 per cent copper, 0.5g/t silver from 168m.

The Gem prospect is located at the northern end of KMC where drilling resumed in early January 2022.

Medallion intends to target the KMC deposits in the coming months, in conjunction with a regional drilling program that will includes follow up drilling at the Meridian and Ariel targets.

The company anticipates the announcement of a global MRE update in the March quarter of 2022.

“This is a great start to 2022, which will be a defining year for Medallion,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“These results continue to demonstrate the continuity of broad zones of mineralisation at the western end of Gem at shallow depths.

“The combination of grade and width demonstrate the potential for this area to deliver material additions to the existing 674,000 ounce gold resource at Kundip.

“From what we are observing in the drilling and geophysics, the trend appears open and therefore Gem is a high priority target as we start the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medalionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Magnetic Resources Encounters Thick Intersections at Lady Julie

THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) reported multiple thick and high-grade zones starting from surface following recent infill and extension drilling undertaken at the company’s Lady Julie gold deposit.

Magnetic Resources described the anomalous gold zones as “promising”, declaring them to be still open, which was demonstrated by drillhole MLJRC448 that returned an intersection of 88 metres at 1.3 grams per tonne gold from 68m.

The company is looking to test this southern part of the Lady Julie North 1 target zone in detail over a one kilometre length.

The next drill program is to consist of 33 RC holes for 3578m that will be testing between 100 to 250m depth looking for further enriched zones, defining the different stacked zones and vertical mineralised shoots.

This program will also assist Magnetic in the location of deeper holes into the underlying porphyry and porphyry contact positions.

The results achieved from a 2D seismic survey combined with recent major drill programs and historical drillings results have led to the interpretation of 15km of gold targets in 10 areas within the HN5, HN6, HN9 and Lady Julie target areas.

The company considers the best-looking target so far besides the 3km-long HN9 mineralisation, is Lady Julie North (3.9km long).

At Lady Julie North 1 there are many mineralised intersections, such as:

MLJRC162
41m at 2.6g/t gold from 31m, including 15m at 4.2g/t gold from 52m;

MLJRC348
25m at 4.4g/t from 0m; and

MLJRC448
36m at 2g/t from 92m.

The zone between the two thrusts is considered very prospective and there are numerous NS workings, mineralised drillholes and anomalous soil geochemical areas, which are currently being drilled.

 

 

Tombador Iron updates Brazilian JORC Mineral Resource

THE DRILL SERGEANT: Tombador Iron (TI1: ASX) completed an updated the JORC Mineral Resource Estimate for the company’s 100 per cent Tombador Iron Ore mine in Bahia Sate Brazil.

Tombador Iron produced the update following the company’s 2020/2021 infill drilling program.

The Mineral Resource is comprised of:

8.92 million tonnes of high-grade DSO hematite, which the company is currently mining; and

39.24 million tonnes of itabirites and talus, part of which Tombador is studying the suitability for beneficiating to high-grade lump product.

The drilling campaign focused on proving up the existing resource and its classification within the initial mining area.

The orebody remains open to both the north-east and south-east which the company expects to explore in subsequent drill programs.

Tombador Iron expects to announce a maiden reserve in Q1 CY 2022 as part of the life-of-mine plan.

“It is pleasing that the results of the recent drilling campaign have confirmed the quality and quantity of the high-grade DSO mineral resource at the Tombador project, with the ore body remaining open to the north-east and south-east,” Tombador Iron CEO, Gabriel Oliva said in the company’s ASX announcement.

“It is also pleasing that the drilling campaign identified talus and itabirites resources that have the potential to be beneficiated into high grade ore, and which is the subject of our current beneficiation study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@tombadoriron.com

 

Web: www.tombadoriron.com

 

2021 in The Front Bar…Revisited

The weekly events that occur in the Front Bar of The Resources Roadhouse never cease to amaze…

15/1/21

Well, we returned to The Roadhouse after the break to find that nothing had changed in our absence.
One has to wonder what is considered more important – Cricket Australia making lots of money taking touring test teams up and down the eastern seaboard, or the health and well-being of the nation.
Or, for that matter, should Tennis Australia and its entourage of financially-struggling tennis players be flown in from an overseas destination rife with the latest mutation of the covid virus (Dubai – I’m looking at you), or should they take the hit and say, maybe not this year folks.

29/1/21

spare a thought for Anthony Albanese, who wandered in mid-week.
Never one for small talk, Albo made a bee-line for his favourite stool, opened up his note pad (old-style) and began jotting down his thoughts.
As he sat, we noticed he rocked back and forth in a rather hypnotic, rhythmic manner while repeating a low incantation of, ‘if not me then who; if not me then who;’, over and over.

17/2/21

Day One of The 2021 RIU Explorers Conference was as busy as one may have expected, especially given the timing of the conference coincided with WA’s COVID-related lockdown easing into a statewide reopening.

12/3/21

It was of no surprise for anybody when Prince Harry and Meghan Markle sauntered through our front door this week.
In fact, it was they who seemed to be most surprised when seeing beleaguered attorney general Christian Porter.
Demonstrating he does believe some of the news printed in the mainstream media, Prince Harry gently guided his wife to another booth situated way over on the opposite side of the room.

19/3/21

Here at The Roadhouse we are beginning to wonder why PM Scott Morrison so often takes refuge within the confines of our front bar, especially since he rarely takes any opportunity offered to him to take a stroll around the gardens of Parliament House.
Being that as it may, there he was again this week, and, you guessed it, he found himself in yet another Branston of a Pickle.
Having washed down a full Roadhouse breakfast with a cup of Maxwell House, our protagonist went to leave the front bar via the front door when he noticed a throng of angry women marching in our direction.
We hadn’t informed Mr Morrison that the Women’s March participants had been offered refreshments and a post-march function to be held in The Lang Hancock Room.
Quick as a wink, he sought sanctuary by way of exiting through the rear door, but alas, once again his plans were foiled with the car park filled to the gills with folk who had registered for their COVID vaccine shots that had, at that stage, yet to arrive.
‘Free muffins and coffee in the back room’, he yelled, creating enough of a diversion for him to leap into a waiting big, black car to whisk him away to the asylum of his Prime Ministerial Chambers.

26/3/21
Although it was not a surprise to see PM Scott Morrison saunter into the front bar of The Roadhouse this week, it was surprising to see him accompanied by a bask of crocodiles.
Fortunately, they were all on leashes and wearing muzzles, however, their presence did unsettle a few of the locals.
Asked why he was escorting such a cluster, he responded that the said reptiles belonged to a local circus that considered him the best qualified person in the land to teach them how to cry on command.

23/4/21
There was an awkward moment in The Roadhouse this week as Leader of the Opposition (Federal) Anthony Albanese propped up at the front bar and we made the error of asking him what was on his mind as he stared wistfully at the beer we had poured him rather than drink it.
Why don’t you ever write about me?
A pause of Pinteresque proportions ensued as our regular punters all shuffled their collective feet and moved to gain the best view out the main window to the car park.
In the end we just had to be blunt and inform our intrepid potential PM that if he wants to be noticed, he really needs to get out and do a bit more.

18/6/21

There was a rush excitement at The Roadhouse this week when the Front Bar was suddenly filled by a passing group of around 50 strangers.
When we asked them to identify themselves, a spokesperson said they were all unofficially unemployed persons, sent by Federal Treasurer Josh Frydenberg to hide from official number counters.
Without warning the front door swung open again as another of the company burst in telling them all to, ‘look busy!’
As one they began a cleaning frenzy in the Front Bar of The Roadhouse as in came Federal Opposition Leader, Anthony Albanese.
‘Are there any unemployed people here today?’, he questioned the group.
With no response in the affirmative forthcoming, Albo expressed his frustration at not being able to locate the unemployed numbers he seeks, adding that he knows the Treasurer is hiding them somewhere he just can’t find where.

2/7/21

It will be of no surprise to anybody that things have been fairly quiet in The Roadhouse this week.
That is to be expected after all with the majority of major centres locked down and the ability of people far and wide to travel the same severely curtailed.
Thankfully, there is one constant in the universe, and his name is Barnaby.
With media outlets obsessing over who is at fault regarding all the lockdowns and their political targets all maintaining low profiles, the Member for New England and Deputy Prime Minister of our nation once again provided the week’s highlight.
We doubt the $200 fine placed a massive strain on his financial status, but it did keep him in the news.
Could it have been a deliberate set-up that we all fell for? No, not even Barnaby would stoop that low…

9/7/21

We’re not certain if he has his own key to The Roadhouse these days, or whether somebody left the door open, but we came down to the Front Bar this morning to find PM Scomo holding an urgent presser.
It came to light that in the aftermath of events overnight our man immediately put into development and implementation a critical new four phase plan.
With Australia’s current best asset – in any field, Ash Barty winning her way through to the Wimbledon singles final, Scomo is desperate to get to the All England Tennis Club in time to crash what could be a historic photo opportunity.
Phase one of his new plan is to fire up Mathias Cormann’s private job interview jet and fly out asap.
Phase two will be to find a scalper willing to sell him a ticket to said final, perhaps his mate Boris Johnson can help out there.
Phase three depends on the result of the match, however, should our Ash win, Scomo will determinedly strongarm his way into the dressing rooms for post-match snaps.
Phase four – again dependant on the result: will see Ash Barty whisked home on the Cormann plane to front the media on the tennis court in the back yard of The Lodge where Scomo will hit a few balls with her.

23/7/21

There was a subdued celebration in The Roadhouse this week as we acknowledged the efforts of the Queensland government in landing the 2032 Olympic Games for the city of Brisbane.
The time frame is important, as it coincides with federal government climate change policies and could also, quite possibly the way things are going, be the time the country, and the world, emerges from the dark ages of the covid-19 pandemic.
It is around this time global car manufacturers are predicting to be rolling more electric vehicles than those with internal combustion engines of the assembly line and we figure this will provide Queensland the perfect opportunity to introduce a new podium celebration to the Games.
Gold, silver, and bronze medals should, at this time, be replaced by metals that, in the future, will most likely be considered more valuable due to their contribution to the coming electric vehicle craze.
Therefore, we propose those standing on the winners’ dais should be awarded medals of nickel, lithium, and zinc for first, second, and third respectively.

20/8/21

The Roadhouse was the site for a medical breakthrough announcement this week when a respected virologist (who wishes to remain anonymous for now) announced the development of a new vaccine.
The back slapping was immediate with regular punters rolling their sleeves up to be jabbed in defence of whichever latest covid-19 strain may be doing the rounds.
Our scientific chum quickly deflated the collective hopes of those in attendance when she explained the new vaccine she had developed was for the prevention of stupidity in political policy making and that it had also been proven to prevent the general public from making similar faux pas.
Sleeves were rapidly rolled down as enthusiastic jabbers altered their views and jumped aboard the ‘not in my arm you don’t’ bandwagon.

3/9/21

We received a surprise visitor to The Roadhouse earlier this week in the recognisable shape of Federal Minister for Employment, Skills, Small and Family Business, Senator Michaelia Cash.
Stepping off the ferry ride across the river Styx from her home constituency, Ms Cash tipped the ferryman and walked her diabolic, two-headed dog across the car park, tying it up out the front.
‘Sit Clive! Sit Craig!’, she barked at the bi-craniumed hound from hell, then sashayed inside to watch the live streamlining of the National Cabinet meeting on the Front Bar Big Screen.
She ordered a takeaway box of pies, which she said would keep the beast quiet on the ferry trip home.

24/9/21

We snuck into the Lang Hancock Room this week to watch final rehearsals for The Roadhouse Players’ upcoming production, a revamping of the popular French Farce television series, ‘Allo, ‘Allo.
The show revolves around bumbling café owner Rene, played by PM Scott Morrison, who’s recent credits include ‘That Feller from Downunder’.
The plot entails Rene smuggling secret submarine blueprints from France to Australia with assistance from British PM Boris Johnson (played by Barnaby Joyce), and US President Joe Biden (Josh Frydenberg).
Of course, Rene is distracted by the sexy waitresses, two surprisingly convincing performances from Marise Payne and Michaelia Cash.
Alas, somebody always misses out and this time it is former company heart-throb Christian Porter, who was more than keen to land the role of the comical policeman, which on this occasion fell into the very capable hands of Peter Dutton.
Porter cut a forlorn figure in the Front Bar, sitting at a booth watching his breakfast order of croque monsieur and le chocolat chaud slowly become cold and unpalatable.

12/11/21

We experienced an unusual phenomenon in The Roadhouse this week, something that we haven’t had to share for quite some time.
There wasn’t much fanfare involved, none to speak of at all actually, it was just what most of us would normally consider to be a daily occurrence, even weekly, but had for reasons unknown become an occasion as rare as proverbial lady chicken dentures.
It happened after Prime Minister ScoMo had gone through his usual performance of pamphlet waving and making declarations that others would analyse later for snippets of truth or porkies.
To the surprise of everybody present, Opposition Leader Albo stood up cleared his throat and said something.
Not just anything, but something that was in actual response to events of the present time.
Nobody was sure why he did it. Maybe to mark the start of some form of campaign, or maybe just to remind his team and party faithful that he was still around and, for now, in the big chair.

 

It all happens at The Roadhouse.

Wishing all our loyal regulars a very merry Christmas and Happy New Year.

 

Blackstone Minerals Recommences Underground Mining at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has recommenced mining activities at the company’s 90 per cent-owned Ta Khoa nickel project in northern Vietnam.

Blackstone Minerals is using a combination of Australian and Vietnamese mining professionals and operators, to:

Complete approx. 1,000 metres of development through the Ban Phuc disseminated orebody generating nickel ore representative of the life of mine plant feed.

Recommission the Ban Phuc nickel concentrator to produce two batches of nickel concentrate for use in the Ta Khao Refinery piloting programs.

Deliver the first batch of concentrate to Perth for treatment by ALS Laboratories in the first phase piloting program.

Process and store the second batch for use in the second phase pilot plant which will be built in Son La in 2022.

Ore produced from the mining program will be processed through the existing 450,000 tonnes per annum Ban Phuc concentrator.

Blackstone has finalised studies to temporarily de-rate the existing plants capacity to suit the requirements of the pilot programs.

Blackstone has refurbished the Ban Phuc concentrator over the last six months.

The crushing circuit was recommissioned in November 2021, with ore commissioning planned for the mill and flotation circuit in January 2022.

“The recommencement of mining activity is an important milestone for the company, and the speed at which approvals were secured is a testament to the expertise and relationships our team has on the ground in Vietnam,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The mining program will provide significant quantities of disseminated ore which will be processed at the existing Ban Phuc nickel concentrator and subsequent pilot plants.

“The opportunity to treat this quantity of ore de-risks both the upstream and downstream business unit development strategies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Azure Minerals Makes New Mineralised Zone Discovery at Andover

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed a new discovery at the company’s Andover project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

Azure Minerals announced its ongoing diamond drilling program has discovered a new zone of nickel-copper sulphide mineralisation at the Skyline prospect located approximately 300m to the west of the VC-23 prospect.

The drilling also intersected substantial massive nickel and copper sulphide mineralisation in the VC-07 West mineralised system.

To date, 133 diamond drill holes have been completed on the Andover project, with 102 holes drilled at VC-07 East, 20 holes at VC-07 West, 8 holes at VC-23 and 3 holes at Skyline.

The first three Skyline drill holes intersect nickel and copper sulphide-rich mineralisation coincident with electromagnetic (EM) conductors, encountering:

ANDD0129
7.4 metres of disseminated nickel-copper sulphides from 55.5m;
6.4m of disseminated nickel-copper sulphides from 64.2m; and
6.7m of disseminated nickel-copper sulphides from 81.4m

ANDD0131
2.9m of disseminated nickel-copper sulphides from 70m; and
1.8m of disseminated nickel-copper sulphides from 73.8m

ANDD0132
2.6m of disseminated nickel-copper sulphides from 106.8m; and
13.7m of blebby and disseminated nickel-copper sulphides from 115.2m.

“We’re very pleased that our regional exploration drilling has got off to such a great start with a new nickel-copper sulphide discovery made at the Skyline prospect,” Andover Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The first three holes all intersected nickel-copper sulphide mineralisation coinciding with EM conductors, confirming that on the Andover project, electrical conductance continues to be associated with sulphide mineralisation.

“Meanwhile our drilling continues to intersect substantial nickel-copper sulphide mineralisation within the VC-07 mineralised corridor, with the latest massive sulphide intersections at VC-07 West also coinciding with electromagnetic conductors.

“With multiple mineralised drill hits and extensions of the EM conductors that have yet to be drilled, VC-07 West looks promising for hosting significant nickel-copper sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Alto Metals Hits Gold in New Mineralised Horizon at Vanguard

THE DRILL SERGEANT: Alto Metals (ASX: AME) reported gold results from a recent completed major drilling program at the company’s 100 per cent-owned Sandstone gold project, in Western Australia.

Alto Metals received the results from RC drilling at the Vanguard deposit targeting the extensions of high-grade mineralisation, along the Vanguard Trend.

New assays, relate to one-metre fire assay results from 18 RC holes for a total of 3,364m.

The RC drilling was completed on 40m line spacing.

Results include:

SRC495
24 metres at 3.5 grams per tonne gold from 132m EOH, including 2m at 11.7g/t gold from 141m and 2m at 18.6g/t gold from 154m EOH; and

SRC504
4m at 2.7g/t gold from 38m; and 17m at 1.6g/t gold from 117m, including 1m at 11.6g/t gold from 128m.

Drill hole SRC495 was drilled 100m east of the main Vanguard deposit and was drilled on 40m spacing, north-west of previously reported SRC272 which returned 30m at 1.9g/t gold from 131m  and confirms the presence of a new mineralised horizon which remains open along strike and down dip.

The company is currently working on an updated Mineral Resource Estimate that is on track for release during the March quarter 2022, subject to further assays pending.

“Our drilling continues to highlight the growth potential at the Vanguard Camp,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Following the latest high-grade gold results recently announced from Vanguard North, it is equally exciting to see a standout intercept of 24m at 3.5 grams per tonne gold in SRC495, together with the 30m at 1.9 grams per tonne from SRC272, highlights the presence of a new gold horizon at Vanguard, 100 metres east of the main deposit.

“Mineralisation at the Vanguard Camp is within two parallel trends, defined so far, along a two kilometre strike length with high-grade gold in multiple drill holes outside the current resource.

“Our systematic approach is continuing to deliver and we are looking forward to recommencing our aggressive drilling program early in the new year.

“With assays still pending for over 50 RC holes, we expect continued news flow over the coming weeks and our updated Mineral Resource is on track for release during next quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Dreadnought Resources Reports Further High Grades From Orion Discovery

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced assay results from drilling at the company’s Tarraji-Yampi project located in the West Kimberley region of Western Australia.

Dreadnought Resources completed drilling at the Orion target it claimed to have confirmed Orion as a high-grade copper (up to 12.5%), silver (up to 192g/t), gold (up to 34.2g/t), cobalt (up to 1.66%) and zinc (up to 4.3%) massive sulphide discovery with mineralisation commencing from just 1m under cover, extending to at least 240m along strike and 150m down dip.

Orion remains open along strike and at depth. Geophysical modelling indicates the mineralised body could extend to at least 500m depth.

Drilling returned intercepts including:

KMRC047
12 metres at 3 per cent copper, 21.4 grams per tonne silver, 1.7g/t gold, 0.02 per cent cobalt from 1m, including 5m at 5.9 per cent copper, 44.9g/t silver, 3.7g/t gold, 0.01 per cent cobalt from 1m; and

KMRC039
20m at 1.4 per cent copper, 13.4g/t silver, 0.5g/t gold, 0.03 per cent cobalt from 3m, including 3m at 7.6 per cent copper, 116g/t silver, 2.2g/t gold, 0.14 per cent cobalt from 18m.

“Orion continues to deliver high-grade copper-silver-gold-cobalt-zinc intercepts and indications to date are that we have only begun to scratch the surface,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Furthermore, interpretation of the mineralisation system appears to be similar in character to the magmatic-hydrothermal deposits in the Mt Isa region of Queensland.

“This will form a working hypothesis for future targeting and interpretation of results.

“Furthermore, we have now proven that low-impact, shallow auger drilling can be deployed to screen targets prior to RC drilling.

“This will also provide an invaluable tool to assist in unlocking this developing mineral province.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au