E79 Releases Ground Gravity Survey results from Pinjin JV at Laverton South

/in , /by

THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported preliminary results from recently completed geophysical programs over the company’s Laverton South gold project in Western Australia.

Within the Laverton South Project E79 have two tenement packages, Lake Yindana and the Pinjin JV.

E79 has a farm-in agreement with St Barbara (ASX: SBM) over the Pinjin project, which contains targets that were evaluated and ranked by St Barbara, including walk-up drill targets.

These targets are generally associated with a dolerite unit that runs through the southern tenement package and contains several highly ranked targets.

A 2D seismic survey was recently undertaken to map this dolerite unit at depth and identify the regional stratigraphy. Data has been collected and processing is underway.

A ground survey in the northern part of the JV returned preliminary results revealing a potential intrusion into the stratigraphy.

This target is considered a high priority with exploration and drill planning underway.

“E79 Gold has been busy undertaking various geophysical activities on our tenement package while we conclude our heritage surveys prior to initial drilling at the Laverton South project,” E79 CEO Ned Summerhayes said in the company’s ASX announcement.

“Within the Pinjin JV we have both gravity and 2D seismic, with preliminary results from the gravity survey showing a potential intrusion within the greenstone stratigraphy, which requires further exploration.

“The 2D seismic will be processed in due course and we look forward to unearthing more information about this highly prospective area.

“Once completed the baseline gravity data at Jungar Flats will give us valuable insight into the geology and structure under cover, similar to the insight’s recent gravity data at our Lake Yindana project has provided.”

 

 

Email: info@e79gold.com.au

 

Web: www.e79gold.com.au

 

Venture Minerals Encounters New Mt Lindsay Mineralised Zone

/in , /by

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) reported on drilling that encountered a new, and rather substantial, mineralised zone at the company’s Mount Lindsay tin-tungsten project in Tasmania.

Venture Minerals explained the drilling a Mount Lindsay was targeting high-grade zones within the existing deposit and while doing so drillhole ML339M intersected 93 metres of mineralisation.

The intersections from ML339M include:

93 metres at 0.5 per cent tin equivalent from 107m, including 12m at 1.7 per cent tin equivalent from 113m; or

54m at 0.6 per cent tin equivalent from 113m, and 30m at 0.5 per cent tin equivalent from 170m, and 22m at 0.6 per cent tin equivalent from 236m.

The drill program, while designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, is part of the company’s updated Feasibility Study for an underground mine.

“The first hole of the new drilling program at Mount Lindsay, for the recently started underground Feasibility Study, has seen the MacDonald Shoot deliver further high-grade tin and tungsten assay results to confirm the continuity of this high-grade zone,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Additional drilling on the Main Skarn’s high-grade MacDonald Shoot, followed by similar targeted drilling on the No. 2 Skarn’s high-grade Radford Shoot, is expected to return more high-grade results which will increase the confidence in the resource supporting an underground development.

“The MacDonald and Radford Shoots provide a great foundation for the first stage development for the Mount Lindsay tin-tungsten project whilst exploration will look to extend the life of the asset to a multi-decade opportunity, in keeping with other major mines on the West Coast of Tasmania.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Medallion Metals Eyes Potential of Harbour View

/in , /by

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

The KMC currently hosts Medallion’s JORC 2012 Mineral Resource Estimate (MRE) of 674,000 ounces of gold.

The Harbour View prospect is in the central area of KMC, around which drilling is ongoing to support a global MRE update which is expected to be completed in the March quarter of 2022.

The assay results from drilling at the Harbour View deposit returned high-grade gold and copper intercepts, including:

DD21KP997
2.38 metres at 4.26 grams per tonne gold, 7.19 per cent copper, 37.35g/t silver from 231.22m;

RC21KP1001
3m at 9.19g/t gold, 0.15 per cent copper, 3.42g/t silver from 69m;

DD21KP993
1.97m at 5.13g/t gold, 2.62 per cent copper, 47.58g/t silver from 276.63m;

RC21KP990
2m at 4.52g/t gold, 1.32 per cent copper, 14.95g/t silver from 29m;

DD21KP993
0.35m at 16.1g/t gold, 1.40 per cent copper, 5.4g/t silver from 334.28m; and

RC21KP1002
3m at 1.91g/t gold, 0.26 per cent copper, 2.08g/t silver from 80m.

The company indicated that hole DD21KP997 extended a copper rich high-grade sulphide zone 80m beyond previous copper hits, and beyond the margins of the current Mineral Resource.

“The first results from the Harbour View deposit are extremely positive,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Intercepts at the southern end of the deposit represent substantial depth and plunge extensions beyond previous drilling.

“Additionally, the copper grade in DD21KP997 highlights the potential for copper to enhance project economics.

“At the northern end we’ve recorded significant shallow high-grade strike extensions on the Harbour View splays.

“These major step outs from the existing drilling further increase our confidence the project resources will undergo a significant upgrade in early 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Global Lithium Highlights Twin Veins Gold Potential

/in , /by

THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) is beginning to think its Twin Veins gold project could end up being a stand-alone gold exploration project.

Since listing earlier this year, Global Lithium Resources has become known for the company’s Marble Bar lithium project (MBLP) near Port Hedland in Western Australia.

Recent exploration activities at the MBLP have entailed a RC drilling program on the Twin Veins project, returning assays of:

MBRC0159
7 metres at 4.78 grams per tonne gold from 11m;

MBRC0161
7m at 1.2g/t gold from 27m; and

MBRC0167
4m at 1.08g/t gold from 5m.

Global Lithium believes the results highlight the gold potential of the broader Marble Bar lithium project, which has historically been underexplored for gold.

The company has identified at least nine gold prospects for follow up exploration.

“These latest high-grade, shallow gold results highlight the potential of our Twin Veins project and demonstrates that the gold potential at this exciting project could indeed be a stand-alone project,” Global Lithium managing director Jamie Wright said in the company’s ASX announcement.

“While the company is focused on lithium exploration at the MBLP, there is no denying the gold potential that exists within our tenement package.

“Global Lithium has already identified nine gold prospects in the northern portion of its strategic tenement portfolio and has had immediate success on its first target, which is a testament to the capability of the technical team.

“We look forward to continuing our gold exploration programs in tandem with our lithium programs to see what further developments we yield.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au

 

Andrew Buxton Alice Queen (ASX: AXQ) November 2021

/in /by

Alice Queen (ASX: AQX) recently hit a couple of important milestones in the shape of a Minerals Resources Estimate and completion of a Scoping Study at the company’s Horn Island gold project off North Queensland in Torres Strait. Company managing director Andrew Buxton zoomed into The Resources Roadhouse to provide Wally Graham with a progress report.

Dreadnought Resources Confirms High-Grade Orion Discovery

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) claimed confirmation of a high-grade copper, silver, gold and cobalt massive sulphide discovery at the Orion prospect, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources reported the discovery via assay results from the first six mineralised follow-up holes drilled at Orion.

The company said the drilling confirmed Orion as a high-grade copper (up to 7.4%), silver (up to 192g/t), gold (up to 34.2g/t) and cobalt (up to 1.66%) massive sulphide discovery with mineralisation commencing from just one metre under cover, extending to at least 240m along strike and 150m down dip.

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

“With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade copper-silver-gold-cobalt discovery occurring just one metre below surface,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With 13 mineralised holes remaining to be assayed, including our deepest, and our oxide and supergene intercepts, we expect more high-grade intercepts to come.

“This is an amazing outcome from what is our second ever drill program at Tarraji-Yampi, the first programs here since 1958/1972 and an indication of the potential for this highly prospective and underexplored ground to produce more discoveries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Kin Mining Claims New Gold Discovery at Cardinia Gold Project

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) claimed a new shallow gold discovery at the company’s 100 per cent-owned 1.275 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin mining made the claim following drill results achieved by an air-core (AC) drilling program at the Pegasus prospect intersected a zone of shallow, high-grade, gold mineralisation, located adjacent to project’s the 374,000 ounce Bruno-Lewis deposit.

Results include:

PG21AC144
4 metres at 10.1 grams per tonne gold from 24m;

PG21AC224
8m at 3.08g/t gold from 8m;

PG21AC285
4m at 1.61g/t gold from 20m;

PG21AC290
4m at 2.25g/t gold from 32m; and

PG21AC138
12m at 0.7g/t gold from 4m.

“While still early days, Pegasus appears to be a parallel structure to the adjacent Bruno-Lewis deposit and has all the hallmarks of a significant new discovery in the Cardinia area,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The air-core drilling has so far outlined a substantial mineralised position in the eastern side of the gravity low which heightened our interest when we first reviewed the geophysical data in the September quarter.

“The eastern edge of the Pegasus gravity low contains numerous ore grade hits in shallow drilling within a zone extending over at least 800 metres in length and up to 100 metres wide.

“New intersections such as 4m at 10.1g/t gold and 8m at 3.08g/t gold supported by other previous drilling intersections such as 10m at 3.1g/t and 16m at 1.04g/t nearby at the historical Pride of the North workings indicate to the geological team that Pegasus is a potentially significant mineralised area.

“Given the widespread nature of the ore grade intercepts we have seen in the results returned to date, we will now look forward to the remaining results from the north western extension of the anomaly which are expected to be returned over the next four weeks.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Arrow Minerals Gets Drilling Underway at Vranso Project in Burkina Faso

/in , /by

THE DRILL SERGEANT: Arrow Minerals (ASX: AMD) has begun a reverse circulation (RC) drilling program at the company’s Vranso project in Burkina Faso.

Arrow Minerals is drilling four advanced stage drill-ready prospects that company has identified within a 20 kilometre radius of the Perkoa zinc mine via a data compilation and integration exercise that captured historical geochemical, geophysical, and geological information covering the 1,300 square kilometres area of the project.

The program will entail around 50 holes designed to systematically test for extensive shallow high-grade gold mineralisation at the Dassa, Guido, Semapoun, and Bantole prospects.

“The commencement of Arrow’s drilling program on the Vranso project is the culmination of a concerted effort, following the identification of an outstanding gold exploration opportunity by the company,” Arrow Minerals managing director Howard Golden said in the company’s ASX announcement.

“We have consolidated an enviable land position in a prolific gold belt with a huge cache of historical data that has sat dormant in terms of gold exploration for the past 10 years.

“Arrow is now pursuing an aggressive exploration campaign to define shallow gold deposits amenable to open pit mining in an area with excellent infrastructure within Burkina Faso.

“With an experienced and well-funded team in place, a multi-faceted field program will be executed over the coming months.”

 

 

 

Email: info@arrowminerals.com.au

 

Web: www.arrowminerals.com.au

 

 

Patrick Walta New Century Resources (ASX: NCZ) November 2021

/in /by

New Century Resources (ASX: NCZ) has become a global top 15 zinc producer at the company’s Century Mine Tailings project in Queensland. New Century managing director Patrick Walta zoomed into The Resources Roadhouse to tell Wally Graham about the company’s new venture in Tasmania.

Tietto Minerals Encounters Big Gold Hit at Abujar Gold Project

/in , /by

THE DRILL SERGEANT: Tietto Minerals (ASX: TIE) reported high‐grade gold results from infill drilling recently completed at the Abujar‐Gludehi (AG) deposit, part of the company’s Abujar gold project in Côte d’Ivoire, West Africa.

Tietto Minerals completed what was the fifth batch of infill drilling at the deposit with the aim of converting a portion of Indicated resources (35Mt at 1.5g/t gold for 1.65Moz) to Measured ‐ targeting the first two years of Abujar’s gold production.

The company hit numerous high‐grade gold intercepts Abujar, with infill drilling at AG Core returning results that included:

ZDD703
8 metres at 12.43 grams per tonne gold from 187m, including 2m at 48.37g/t gold and 12m at 6.1g/t gold from 208m, including 10m at 7.15g/t gold.

“Our fifth batch of results from our infill drilling program at Abujar is delivering up more high‐grade gold intercepts that continue to de‐risk open pit mining at Abujar,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.

“The infill program is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.

“These impressive results follow our DFS last month that confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years.

“We are also extremely pleased with the quality of the institutions that have indicated their interest to provide the project funds needed to develop the Abujar gold project into West Africa’s next gold mine, as announced earlier this week.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@tietto.com

Web: www.tietto.com