Latin Resources Confirms Zones of Bright Noombenberry Kaolin

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) provided a rundown of recent activity at the company’s 100 per cent-owned Noombenberry halloysite-kaolin project, near Merredin in Western Australia.

Latin Resources is currently advancing the Cloud Nine deposit at Noombenberry through preliminary and Pre-Feasibility (PFS) mining studies.

The company has recently completed a campaign of Resource infill and extension drilling and sampling, that results from which are expected to provide sufficient data to increase the current Inferred MRE to a JORC Indicated and potentially Measured classification.

In May, Latin announced a maiden Mineral Resource Estimate of 207 million tonnes of kaolinised granite, which included separate domains containing 123 million tonnes of bright-white kaolinite and 84 million tonnes of kaolin/halloysite-bearing material.

Results from close spaced drilling to confirm continuity of Ultra-High brightness (+80 ISO-B) kaolinite at Cloud Nine, include:

NBAC361
10 metres at 85.8 ISO-B from 10m; and

NBAC356
24m at 83.4 ISO-B from 14m.

Early results from initial metallurgy indicate improved yields may be achieved from the fine fraction of the kaolinised granite.

“These latest results from our close spaced drilling are exceptional,” Latin Resources exploration manager Tony Greenaway said in the company’s ASX announcement.

“They have exceeded our expectations, in that they have shown that for this area, the thickness and brightness of the kaolinite zone and grades of the halloysite zone are far better than our Inferred block model suggests.

“This finding will have a significant impact on our next phase of resource estimation as we look to upgrade our model from Inferred to Indicated and potentially Measured in this area.

“These results have also given us the confidence to step-up the pace of our preliminary mining studies, as we move to fast-track the Cloud Nine deposit towards a potential DSO operation.”

 

 

 

Email: info@latinresources.com.au

Web: www.latinresources.com.au

 

Eagle Mountain Mining Continues High-Grade Copper Hits at Talon

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported its latest results from drilling at the company’s 100 per cent-owned Oracle Ridge Mine Project in Arizona, USA.

Eagle Mountain reported further high-grade copper assays received from along the Western Talon at Oracle Ridge.

These results occur outside the existing JORC Resource and within a geophysical anomaly stretching over 750 metres, including:

WT-21-33
5.8 metres at 2.72 per cent copper, 29.59 grams per tonne silver and 0.72g/t gold, within 16.6m at 1.87 per cent copper, 18.53g/t silver and 0.51g/t gold;

WT-21-34
7.6m at 2.2 per cent copper, 20.7g/t silver and 0.25g/t gold; and

WT-21-34
3.3m at 2.06 per cent copper, 22.48g/t silver and 0.56g/t gold.

Eagle Mountain said the results were achieved within a recently defined ‘Wave’ zone, which it has now interpreted to connect to the historic Leatherwood Mine.

“These latest drilling results are significant as they not only provide further support for expanding our JORC Resource, but they confirm the prospectivity of the ‘Wave’ structure which hosts some of the thickest intercepts at Oracle Ridge,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“Furthermore, the Wave zone, which is a feature within the Talon, is now interpreted to connect recent high-grade intercepts to the historic Leatherwood mine where mineralisation outcrops at the surface at the southern end of the mine area.

“While the Leatherwood mine is relatively small, the reported mined grades are spectacular suggesting potential for very high-grade copper mineralisation to also occur along the Wave zone.

“We have assays pending for 11 drill holes from the northern part of the Wave zone and further holes will be drilled as roads are established in this area.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Medallion Metals Drills Strong Infill Gold Results at Ravensthorpe

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

The Kundip Mining Centre hosts the company’s current JORC 2012 Mineral Resource Estimate of 674,000 ounces of gold.

Recent RC drilling has confirmed a broad zone of mineralisation with strong continuity to surrounding drilling at the western end of Kaolin deposit, returning results of:

RC21KP1050
20 metres at 2.57 grams per tonne gold, 0.14 per cent copper, 2.25g/t silver from 38m, including 9m at 2.6g/t gold, 0.03 per cent copper, 0.91g/t silver from 71m and 8m at 3.4g/t gold, 0.30per cent copper, 4.48g/t silver from 83m; and

RC21KP1049
34m at 1.56g/t gold, 0.2 per cent copper, 2.06g/t silver from 91m, including 21m at 1.45g/t gold, 0.1 per cent copper, 0.84g/t silver from 91m and 11m at 2.01g/t gold, 0.42per cent copper, 4.92g/t silver from 114m.

Mineralisation remains open at Kaolin down-dip to the south and down-plunge to the southwest with extensional drilling in progress.

Deeper stratigraphic drilling has identified multiple mineralised intersections the company has interpreted as down-dip from both the Kaolin and Harbour View prospects.

“These results are significant in two key respects,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Firstly, the continuity of the broad zones of mineralisation at the western extent of Kaolin provide confidence that material additions to the existing 674,000 ounce gold resource at RGP can be expected from this area.

“The widths and grades are amenable to open pit mining and we’re confident this will lead to extensions of the existing pit design at depth and along strike.

“Secondly, the deep stratigraphic holes into the projected intersection of the Kaolin and Harbour View corridors confirm the system is open to a depth of at least 350 metres below surface.

“When Medallion commenced this drill program in April 2021, the average depth of drilling at KMC was 85 metres below surface and we are now starting to see the potential of the area begin to emerge.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medalliometals.com.au

 

Venture Minerals’ ‘Julimar Lookalike’ Target Receiving Chalice Mining EM Treatment

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) announced that Chalice Mining (ASX: CHN) has recommenced a ground EM program at Venture’s South West nickel-copper-PGE project in Western Australia.

Venture Minerals’ project is located within Chalice’s interpreted highly prospective West Yilgarn nickel-copper-PGE province.

The EM program had started in late April 2021 but was put on hold in June due to wet weather.

Chalice’s geophysical survey is part of the first stage of the JV earn-in focused on Venture’s Thor Target, a 20 kilometres long, ‘Julimar lookalike’ magnetic anomaly interpreted to be mafic-ultramafic intrusive complex, in which Chalice may earn up to 70 per cent by spending $3.7 million on exploration over four years.

The remainder of the Chalice’s EM program will be fixed-loop EM surveying to cope with the difficult nature of the terrain and is to be carried out over an area where Venture’s airborne EM survey delineated 13 highly conductive anomalies within the southern 6.5km of the ‘Julimar lookalike’ magnetic anomaly.

“The Board is pleased to see the recommencement of our JV partner Chalice Mining’s ground EM program, with this next phase targeting the area where Venture’s own airborne EM survey delineated 13 anomalies, suggesting the current survey is highly likely to generate further bedrock conductors and potentially high priority drill targets,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“What is most exciting is the opportunity this gives to Venture shareholders with Chalice potentially drilling these conductors early next year with the aim of making another Julimar discovery.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

VRX Silica Strikes South Korea Offtake Deal

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THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has struck an offtake term sheet for the supply of silica sand from the company’s Arrowsmith North silica sand project in Western Australia.

VRX Silica will supply silica sand into the foundry industry in the Republic of Korea (South Korea) to offtake partners, Dong A Heung Eop Mining Co., Ltd (Dong A) and DongNam Corporation (DongNam).

The companies are leading suppliers of sand to the foundry industry in South Korea.

Dong A is based in Busan and has been an established South Korean supplier of foundry and resin coated sand (RCS) to the foundry industry since 1965.

DongNam, established in 1965, is a supplier of RCS and cast alloy products to Hyundai Motors.

The term sheet sets out detailed terms and conditions for the supply of an aggregate 200,000 tonnes per annum of AFS55 certified foundry sand for a period of four years, with volume to be split between Dong A and DongNam.

“The term sheet is a major milestone in the journey to develop our high-quality WA silica sand projects,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“We are delighted with the calibre of our first offtake partners Dong A and DongNam, given their significant industry experience and high standing in the foundry industry in South Korea.

“Both companies have shown confidence in the quality of our foundry sand product from Arrowsmith North and are very keen to convert this term sheet into a secure, long-term supply agreement.

“The South Korean foundry industry is an extensive support service for the automobile and marine industries.

“VRX’s engagement with Dong A and DongNam will expand awareness of the quality of our product in this large and important Asian market and likely lead to further inquiries from parties keen to secure supplies of Arrowsmith North silica sand.

“Importantly, this maiden term sheet vindicates VRX’s strategy to take our time to ensure production of a highly sought-after product and to secure the right customers for our silica sand.

“Market demand for the high-quality foundry sand we can produce remains very strong and, having signed up two reputable partners, will only further strengthen our credibility and position in the marketplace.

“We acknowledge that this process has taken much longer than expected and thank our shareholders for their support and patience.

“Our focus now is on converting the term sheet with Dong A and DongNam into a binding offtake agreement while progressing talks with other parties involved in the foundry sand and glass-making industries.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@vrxsilica.com.au

 

Web: www.vrxsilica.com.au

 

 

Technology Metals Australia Increases Yarrabubba Mineral Resource Estimate

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THE DRILL SERGEANT: Technology Metals Australia (ASX: TMT) reported an updated Mineral Resource Estimate (MRE) for the Yarrabubba project, part of the company’s Murchison Technology Metals Project (MTMP) in Western Australia.

Technology Metals has increased the Yarrabubba MRE by 32 per cent to 36.6 million tonnes at 0.8 per cent vanadium.

The Indicated component of the MRE now stands at 20.2 million tonnes at 0.9 per cent vanadium at Yarrabubba, representing a 110 per cent increase on the previous maiden Indicated MRE.

The upgrade includes high-grade component of 19 million tonnes at 1.1 per cent vanadium, increasing the Murchison Technology Metals Project (MTMP) high-grade component to 79.8 million tonnes at 1.1 per cent vanadium.

The global Measured and Indicated Mineral Resource Estimate for the MTMP has increased by 27 per cent to 50.2 million tonnes at 0.9 per cent vanadium.

“The Yarrabubba Mineral Resource upgrade is very pleasing, delivering on our objectives with a significant increase to the overall mineral resource and importantly more than doubling the Indicated mineral resource component,” Technology Metals managing director Ian Prentice said in the company’s ASX announcement.

“This underlines the opportunity for Yarrabubba to materially extend the life of the proposed low-cost MTMP as a large scale, world class vanadium development project, which is expected to be viewed favourably by prospective project financiers and key stakeholders.”

Work is now underway to update the Yarrabubba Ore Reserve estimate that is to be integrated into an expanded Global Ore Reserve estimate for the MTMP.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investors@tmtlimited.com.au

 

Web: www.tmtlimited.com.au

 

Impact Minerals Welcomes IGO to Broken Hill

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has welcomed as a farm-in partner to the company’s Broken Hill nickel-copper-platinum group metals (PGM) project in New South Wales.

Impact Minerals will be dealing with IGO subsidiary company IGO Newsearch on just two tenements, EL7390 and EL8234, of Impact’s extensive tenement holdings at Broken Hill.

Impact considers the remaining tenements, which it owns 100 per cent, to be one of the most under-explored parts of Australia given the long history of mining at the nearby Broken Hill deposit itself.

Under the deal, IGO can spend $18 million over eight years to earn a 75 per cent interest in EL7390 and EL8234 in two stages: $6 million to earn a 51 per cent interest and a further $12 million to earn a further 24 per cent interest.

The farm-in and Joint Venture at Broken Hill will allow Impact to further increase its focus on its Western Australian projects, Arkun and in particular Doonia.

“We are extremely pleased to announce this joint venture with IGO, one of Australia’s most outstanding exploration and mining companies,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“We had a number of approaches from major companies for a joint venture after our last major drill campaign at Broken Hill but chose IGO because of their technical capacity, in particular their deep penetrating EM systems capability and experience, and also the way they have approached our negotiations.

“We have established that a large amount of deep drilling will be required to further explore the exciting prospects we have generated at the project and it is appropriate that a well-funded partner with excellent credentials is brought in to help fund what could be quite significant expenditures going forward.

“The joint venture will also allow us to further increase our focus on our Western Australian projects where we have now secured a drill rig for our Doonia gold project and hope to be up and running by early December.

“In addition, we are increasingly excited about the lithium, rare earth and nickel-copper-PGM targets we identified recently at our Arkun project which is rapidly becoming a very significant project for Impact in a very under-explored part of Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@impactminerals.com.au

Web: www.impactminerals.com.au

 

Azure Minerals and Andover Continue Drilling Triumphs

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported completion of the latest drilling at the company’s Andover project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

Azure Minerals completed a mineral resource drill-out of the VC-07 East nickel-copper sulphide deposit, achieving results including:

ANDD0078 (near-surface)
2.8m at 2.23 per cent nickel, 0.31 per cent copper and 0.1 per cent cobalt from 49.1m downhole;

ANDD0079 (upper western side extensional)
7.1m at 2.16 per cent nickel, 0.74 per cent copper and 0.1 per cent cobalt from 305.1m downhole; and

ANDD0083 (upper western side extensional)
6.5m at 2.28 per cent nickel, 0.55 per cent copper and 0.1 per cent cobalt from 318.3m downhole.

Azure indicated the resource drill-out at VC07 East has now been completed and a maiden Mineral Resource Estimate is expected to be delivered in the first quarter of 2022.

Drilling has moved to now focus on the VC-07 West mineralised zone, where three rigs are following up intersections of high-grade nickel-copper sulphide mineralisation and associated electromagnetic plates drilled by Azure earlier this year.

This drill program will also be testing several geophysical targets identified by the company’s earlier regional exploration program, including VC-23, VC-18 and VC-41.

“In the year since we arrived at the Andover project, our exploration team has identified and drilled numerous zones containing substantial nickel and copper sulphide mineralisation, which points to Andover being a significant nickel district,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“From the initial identification of the kilometre-long VC-07 mineralised corridor, we’ve now completed drilling out the VC-07 East deposit and the estimation of Andover’s maiden mineral resource is underway.

“From here, we move on to defining the VC-07 West mineralised body, where our earlier drilling intersected multiple sulphide-rich zones containing high grades of nickel and copper and shortly we’ll also start drilling on some of the regional electromagnetic anomalies, such as the high-priority targets at VC-23 and VC-18.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Elementos Updates Oropesa Tin Project Mineral Resource Estimate

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported an increase to the total Mineral Resource Estimate at the company’s 100 per cent-owned Oropesa tin project in Spain.

Elementos declared material increase to the tonnage, shallowness and geological confidence levels at Oropesa, resulting in a current MRE of 18.86 million tonnes at 0.4 per cent tin at a 0.15 per cent tin cut-off.

In the update, 16.62 million tonnes (88%) of the Mineral Resource is classified as Measured and Indicated, confirming both geological and grade continuity to support the preparation of a Definitive Feasibility Study.

Additionally, 4.97 million tonnes of the Mineral Resource in now within 100 metres of the surface.

“We are extremely pleased by the results of the updated Mineral Resource estimate which exceed the goals set by the company before the drilling program started last year in both the magnitude of the increase to the Mineral Resources tonnes and classification confidence compared to the 2018 numbers,” Elementos chief executive officer Joe David said in the company’s ASX announcement.

“These increases result in the project having a large, shallow and geologically confident Mineral Resource base to assess in our future mine planning studies, via techno-economic modification factors, and supports our goal of releasing a maiden JORC Ore Reserves Statement at Oropesa.

“In a period of record high tin prices, this upgraded Mineral Resource Estimate puts the company in a prime position to complete the mine planning stage of the Definitive Feasibility Study next year and move this project forward and into production.

“The company is well funded, with $5.2 million cash (at 30 September 2021) and approx. $6.3 million of exercisable options outstanding which expire during 2021.

“Elementos is well positioned to progress Oropesa through feasibility studies and into production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Westgold Tunes Fender as Next Underground Mine

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THE DRILL SERGEANT: Westgold Resources (ASX: WGX) revealed the Fender gold deposit is set to become the company’s next underground mine in the Cue area.

Westgold Resources made the announcement following completion of positive development studies that indicated Fender was set to be developed as an underground mine that will be supported by surface infrastructure and technical teams available at the proximate Big Bell mine.

Fender is located approximately 3.5 kilometres south of the Big Bell mine and will become the third underground mine feeding Westgold’s 1.4 million tonnes per annum Tuckabianna processing hub.

Fender was historically mined by Normandy in the 1990s with Westgold completing a cut-back during 2020 bringing the pit to approx. 100 metres vertical depth.

Under Westgold’s ownership ore was trucked to the Tuckabianna processing hub.

“Fender is the next underground mine planned to leverage Westgold’s existing infrastructure in the Cue region,” Westgold Resources executive director Wayne Bramwell said in the company’s ASX announcement.

“It will initially produce at a rate of ≈300,000 – 350,000 tonnes per annum, is a simple and low cost development and will leverage the existing Big Bell infrastructure approximately 3.5 kilometres to the north.

“With Big Bell approaching full capacity we have an excess of ore sources that can feed our Tuckabianna processing hub.

With Fender coming online in FY22 Westgold can now sequence our project pipeline including Shocker – 1600, the Black Swan Group targets, Golden Crown and Great Fingall and begin to consider options to establish a fourth processing hub.

“Evaluation studies will commence in the new year as to the appropriate scale and location.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: perth.reception@westgold.com.au

 

Web: www.westgold.com.au