Kin Mining Confirms Primary Gold Mineralisation at Mt Flora

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported remaining results from air-core (AC) drilling program and preliminary observations from the first deep diamond hole completed at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining said the latest results include several shallow intercepts across both the Eastern and North-Western zones, which it claims to have confirmed the extent of the near-surface mineralisation at 100m and 200m line spacings.

New results include intercepts such as:

MF21AC725
4 metres at 1.01 grams per tonne gold from 48m;

MF21AC839
4m at 1.02g/t gold from 24m to bottom-of-hole, located along strike from drill-hole MF21AC522, which intersected 22m at 8.96g/t gold from 24m; and

MF21AC525
8m at 2.79g/t gold from 28m.

In addition, Kin completed diamond drill hole MF21DD001 beneath high-grade results achieved from the Eastern Zone.

This hole encountered mineralised positions below the oxidation depth and confirmed the east dip to the structures controlling mineralisation.

Kin Mining considers the confirmation of the presence of a primary gold system beneath the air-core drilling is an important development, providing confidence in the emerging potential of the Mt Flora discovery.

“Having received the balance of assay results from air-core drilling and completed a diamond drill hole beneath our best air-core intercepts of 22 metres at 8.96 gras per tonne and 8 metres at 2.79 grams per tonne, we now have sufficient confidence to say that Mt Flora is confirmed as a significant new gold discovery 20 kilometres east of the main Cardinia Gold Project,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“While assays are awaited for the diamond drill hole, visual inspection of the core shows that it has successfully intersected the interpreted down-plunge extension of two zones of high-grade mineralisation seen in air-core drilling.

“This suggests that there is a significant primary gold system beneath the 700 metres long, near surface Eastern Zone mineralisation.

“Further work is required to test beneath the 400 metres long North-Western Zone.”

“Because of the high-grade results generated to date and the continuous nature of the gold mineralisation in the lines of 100 metres spaced AC drilling at the Eastern Zone, this is where we plan to focus our drilling efforts when diamond and RC drilling resumes in October.

“We plan to systematically assess the 700 metres strike length as the foundation for a maiden Mineral Resource estimate before moving onto the North Western Zone.

“One key characteristic of the Mt Flora discovery is that these new zones have never been drill tested before, so if we have further success, the area has the potential to shape up as a completely new source of satellite ore feed to the Cardinia Gold Project – which is an exciting development for our shareholders.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Matador Mining Increases Cape Ray Gold Project Gold Mineralisation Footprint

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THE DRILL SERGEANT: Matador Mining (ASX: MZZ) reported diamond drilling results from the Window Glass Hill Granite (WGHG) region within the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining’s recent diamond drilling encountered high-grade intercepts into the new granite margin target at the WGHG, including:

CRD214
19 metres at 4.2 grams per tonne gold from 9m, including 1m at 30.6g/t gold and
6m at 1g/t gold from 34m, including 1m at 4.4g/t gold and
4m at 1.9g/t gold from 114m, including 1m at 6.3g/t gold.

The company declared the 19m at 4.2g/t gold to be the best, “significant intercept”, drilled at the WGHG that sits outside the existing WGH Mineral Resource, highlighting the potential for additional high-grade gold domains across the granite body.

Matador has now completed eleven holes into this new granite margin target, all of which are mineralised and outside the WGH Mineral Resource, thus growing the known WGHG gold mineralisation footprint.

Assays are pending for an additional 13 diamond drill holes.

“19 metres at 4.2 grams per tonne gold is the best gold intercept drilled in the WGHG, and better than any previously reported ‘significant intercepts’ within the WGH Mineral Resource,” Matador Mining executive chairman Ian Murray said in the company’s ASX announcement.

“What makes this intercept even more exciting is the proximity of the high-grade mineralisation to surface, and that it represents the successful definition of a new target type within the WGHG.

“The recent power auger geochemistry results, combined with structural interpretation of our new detailed magnetics, encouraged the exploration team to test a conceptual target on the granite margin south of the WGH Mineral Resource.

“This structural position is similar to that of Marathon Gold’s Valentine Lake Deposits, and the granite-hosted portions of Red 5’s King of the Hills Mine (Tarmoola) in Western Australia.

“With 11 new holes now completed into this previously untested granite margin target (all intersecting significant gold results), I am very excited by the untested potential of the remaining six kilometre strike length of the WGHG contact.

“This, combined with our ongoing targeting success delivering high-grade mineralisation near surface, augers well for the continued growth of the WGHG mineralisation footprint.

“With assay results now flowing through, and drilling using both power auger and diamond rigs, we are anticipating regular news flow for the remainder of the year and into 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au

 

Chris Byrne Legacy Minerals (ASX: LGM) September 2021

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Legacy Minerals (ASX: LGM) has just listed on the ASX, so CEO and managing director Chris Byrne zoomed into The Resources Roadhouse to tell Wally Graham of the company’s intentions for its portfolio of gold and base metals projects in the Lachlan Ford Belt of New South Wales.

Eagle Mountain Mining Drills Thick Mineralised Copper Zones at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) provided a report on exploration activities at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain Mining has been undertaking a Resource Upgrade drilling program to verify the quality and reliability of historical drilling information in the company’s database.

An initial comparison between new and historical holes has shown a good reconciliation between the old and new geological and assay data, revealing the average gold grade in recent holes appears to be moderately higher than in historical ones.

Eagle Mountain indicated that should the remaining infill Resource Upgrade holes support the grades and thicknesses of previous drilling, a portion of the existing Indicated Mineral Resource is expected to be upgraded to the JORC Measured category (following an updated Mineral Resource Estimate).

The recent drilling has defined thick, fully diluted, mineralised zones within the existing JORC resource, returning results including:

WT-21-24
110.1 metres at 1.06 per cent copper, 9.64 grams per tonne silver and 0.16g/t gold, ending in mineralisation;

WT-21-20
106m at 1.15 per cent copper, 11.73g/t silver and 0.16g/t gold;

WT-21-18
96.1m at 0.98 per cent copper, 7.84g/t silver and 0.15g/t gold; and

WT-21-26
47.3m at 1.00 per cent copper, 13.25g/t silver and 0.13 g/t gold.

WT-21-24 returned a thick zone of: 18.4m at 3.12 per cent copper, 27.83g/t silver and 0.51g/t gold, within 50.5m at 1.73 per cent copper, 14.31g/t silver and 0.26g/t gold.

“These very thick zones of mineralisation have the potential to provide significant optionality for mining,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have now completed five infill holes, all of which had similar thick zones of mineralisation, suggesting that this may not be an anomaly.

“From a mining perspective, thick zones of mineralisation provide potential for bulk mining scenarios or using ore sorting technology to separate barren rocks from copper bearing ores to reduce processing costs.

“These results surprised us because many of these mineralised zones were not visually obvious in the core, and hence why they were probably not assayed by previous owners.

“The intercept of 18m at 3.12 per cent copper and 0.51 grams per tonne gold, within a much larger mineralised zone, is one of the best intercepts at Oracle Ridge.

“In addition, the overall gold grades in the reported infill holes are, on average, better than those in surrounding historical holes.

“We are excited by these results, because if the presence of these thick zones is extensive it could materially improve the contained copper in resource and provide optionality for future mining methods and production rates.

“We will continue with our program of resource upgrade drilling and given these latest results, we will certainly assay zones in between the key lodes!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Horizon Minerals Updates Jacques Find – Peyes Farm Mineral Resource Estimate

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported an updated Mineral Resource Estimate (MRE) for the Jacques Find – Peyes Farm project, situated within the company’s 100 per cent-owned Teal gold project area northwest of Kalgoorlie-Boulder in Western Australia.

Jacques Find – Peyes Farm are two of six core open pit and underground satellite gold projects Horizon Minerals is advancing to complement the baseload Boorara gold project as part of a Feasibility Study to deliver a minimum five-year initial mine plan and underpin the establishment of a stand-alone centralised processing facility at the Boorara mine site.

RC and diamond infill and extensional drilling was completed in the December 2020 and March 2021 quarters, data from which has now been incorporated into the geological model for the updated MRE.

The drilling confirmed width and grade continuity within the supergene zone with mineralisation remaining open to the north and south and Horizon has further, follow-up drilling planned.

The resultant updated independent Mineral Resource estimate now stands at:

1.74 million tonnes at 2.32 grams per tonne gold for 130,000 ounces at a 0.8g/t gold lower cut-off grade.

Over 55 per cent of the ounces are now in the Indicated Resource category.

“After the successful completion of the Teal gold mine in 2018, the exploration team have done an excellent job in defining additional resources within the Teal gold camp 10 kilometres northwest of Kalgoorlie-Boulder,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to completing mine optimisation and design studies for Ore Reserve generation in the December Quarter 2021 as part of the consolidated Feasibility Study.”

 

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

Musgrave Minerals Encounters More Thick Intervals of Near-Surface Gold

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the latest assay results from reverse circulation (RC) drilling at the Big Sky and Target 14 prospects at the company’s Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals has been drilling along a new gold corridor south-west of the Lena and Break of Day deposits on its 100 per cent-owned ground.

Recent assays from the RC drilling has defined further thick regolith gold mineralisation within the 2.6 kilometres-long aircore gold anomaly at Big Sky.

Gold mineralisation remains open down dip at Big Sky and infill resource definition RC drilling has commenced.

The drilling has also demonstrated Target 14 remains open and further drilling to follow-up the recent intercept will commence in October.

New intersections include:

Target 14

21MORC185
36 metres at 2.9 grams per tonne gold from 12m, including 24m at 4.1g/t gold from 24m.

Big Sky

21MORC196
60m at 1g/t gold from 42m, drilled 50m south of 21MORC101 drilled earlier this year, returning 73m at 1.4g/t gold.

21MORC157
6m at 6.9g/t gold from 12m;

21MORC160
18m at 1.1g/t gold from 36m; and

21MORC189
12m at 1.7g/t gold from 84m.

The company explained its ongoing focus is on the higher grade and thicker intervals of gold mineralisation intersected to date and that the extensive nature and continuity of the gold mineralisation it has encountered supports its view that the Big Sky prospect has the potential to add to the company’s existing resource base at Cue.

“Big Sky and Target 14 are new and exciting discovery opportunities for the company,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Thick, near-surface, oxide gold mineralisation has been identified over broad intervals at Big Sky, which has the potential to add significant feed tonnes to a future operation focused at Break of Day and Lena.
“The potential addition of soft oxide mineralisation from Big Sky, together with the higher-grade Break of Day and Lena deposits only two kilometres to the north could significantly improve sustainability of production scheduling and help provide feed continuity over a longer potential operating term.

“Big Sky continues to deliver strong results for Musgrave.

“We are focusing on near-surface resource growth and exploring for both smaller high-grade deposits like White Heat in combination with larger near-surface but lower grade mineralisation like Big Sky.

“Both can potentially be mined by open pit methods and blended to maintain a steady rate of production.

“A 7,000 metres RC follow-up resource drilling program at Big Sky has commenced.

“The drilling will focus on three zones of between 600 metres and 200 metres of continuous mineralised strike, with the aim of defining a near-surface gold resource to grow the total resource inventory at Cue.

“Drilling is ongoing, and we look forward to updating the market with further results as assays are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Azure Minerals Hits Further High-Grades at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed some of the highest grade results the company has received to date from drilling at the VC-07 East nickel-copper deposit on its Andover Joint Venture project in Western Australia (60% Azure / 40% Creasy Group).

Azure has completed 95 diamond drill holes at Andover, with 87 holes drilled at the VC-07 deposit with other drilling entailing 76 holes at VC-07 East and 11 holes at VC-07 West, and 8 holes drilled at the VC-23 prospect.

So far, assay results have been received up to and including hole ANDD0065 while the results for another 30 holes yet to come.

Three rigs are drilling around the clock at VC-07 East, with a primary focus on completing both in-fill and extensional resource definition drilling to support a robust maiden mineral resource estimate, which is expected to be completed in 2022.

The latest results included shallow hits in the upper part of the deposit of:

ANDD0061
4.1 metres at 3.34 per cent nickel, 0.87 per cent copper and 0.14 per cent cobalt from 238.7m downhole, within 8.4m at 2.58 per cent nickel, 0.71 per cent copper and 0.11 per cent cobalt from 234.4m downhole;

ANDD0046
4.7m at 2.93 per cent nickel, 0.40 per cent copper and 0.12 per cent cobalt from 390.7m downhole; and
4.5m at 2.72 per cent nickel, 0.59 per cent copper and 0.12 per cent cobalt from 402.9m downhole, within 22.6m at 1.71 per cent nickel, 0.83 per cent copper and 0.08 per cent cobalt from 389.1m downhole;

ANDD0047
5.5m at 2.12 per cent nickel, 0.61 per cent copper and 0.09 per cent cobalt from 562.3m downhole, within 10.5m at 1.52 per cent nickel, 0.58 per cent copper and 0.07 per cent cobalt from 557.3m downhole;

ANDD0063
4.8m at 2.18 per cent nickel, 1.06 per cent copper and 0.08 per cent cobalt from 397.2m downhole, within 18.2m at 1.14 per cent nickel, 0.62 per cent copper and 0.05 per cent cobalt from 397.2m downhole;

ANDD0057
15.7m at 1.07 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt from 440.6m downhole; and

ANDD0058
8.7m at 1.57 per cent nickel, 0.47 per cent copper and 0.07 per cent cobalt from 442.6m downhole.

“The Andover VC-07 East nickel-copper sulphide deposit continues to grow on multiple fronts,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The ongoing resource definition program continues to deliver substantial mineralised intersections, including these latest results which are some of the highest-grade drill hits received to date.

“Importantly, the ongoing drill program continues to expand the deposit both along strike and closer to surface.

“VC-07 East is shaping up to be a significant nickel-copper sulphide deposit with consistent broad widths of mineralisation, including internal massive sulphide zones that host high grades of nickel and copper.

“We’re moving quickly to determine the size and economic value of the deposit by progressing both the maiden mineral resource and the development studies program towards publication next year.

“With the nickel price on a strong upwards trend, recently breaking through US$20,000/tonne, and the copper price near all-time highs, Andover’s timing is very opportune.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Andrew Sorensen WA Kaolin (ASX: WAK) September 2021

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WA Kaolin (ASX: WAK) is advancing development of the company’s Wickepin kaolin project south-east of Perth. CEO Andrew Sorensen dropped into The Resources Roadhouse to tell Wally Graham how the development is progressing.

RareX Reports Strong Initial Results from RC Drilling at Cummins Range

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THE DRILL SERGEANT: RareX Limited (ASX: REE) has been encouraged by initial results from an initial phase of 1500m of reverse circulation (RC) drilling at the company’s Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX explained the RC drilling was designed to test both the company’s geological interpretation prior to the commencement of the diamond drilling and to test areas for new mineralised trends.

“The program has proven to be successful on both counts, highlighting the exceptional scope to grow the Cummins Range Mineral Resource,” RareX said in its ASX announcement.

“Drilling on the north-western end of the Main Fault Zone exceeded expectations and has intersected wide zones of high-grade rare earths.”

The drilling returned a cumulative down-hole width of 88 metres in hole CRX0063, including a higher-grade zone of 41m at 2.4 per cent total rare earth oxide (TREO) and 0.51 per cent niobium (Nb205), including 10m at 4.1 per cent TREO and 0.74 per cent Nb2O5 in the interpreted Main Fault position.

A secondary zone below this also intersected 28m at 0.8 per cent TREO and 0.24 per cent Nb2O5 in fresh rock to the end-of-hole.

“The holes were drilled perpendicular to the Main Fault at 50 degrees azimuth and, from geological interpretations, the drilled intersections are true width,” RareX added.

“A follow-up diamond drill hole is being planned to test for mineralisation down-dip of this intercept.

“Diamond drilling down-dip of these high-grade intercepts will assist the Company’s geological team to better understand the geological controls on the Main Fault Zone and to target further diamond drill holes.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Dreadnought Resources Identifies New REE Ironstones

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THE DRILL SERGEANT: Dreadnought Resources greeted the New World Metals Conference by claiming discovery of four new Rare Earth Element (REE) ironstones at the Yin REE camp within the company’s Mangaroon project in Western Australia.

Dreadnought Resources received assays from recent rock chips confirming four additional REE ironstones, expanding the strike of the emerging Yin REE camp to approx. 11 kilometres.

The company reported the four newly identified prospects (Y3, Y4, Y5 and Y6) are visually and chemically similar to those seen at both Yin and Yangibana.

Dreadnought will commence a detailed airborne magnetic and radiometric survey later in September that is expected to highlight additional anomalies and allow for mapping under shallow cover to trace the ironstones.

This work will assist in identifying new ironstone occurrences, and for the design of drill programs to commence in the March 2022 quarter.

“It is an exciting development confirming four new REE ironstones over approx. 11 kilometres of strike which make Yin camp scale,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We are excited for the results of the planned magnetic-radiometric survey to assist in further target generation ahead of Resource and discovery drilling in the March 2022 quarter.

“In the interim, the upcoming Kimberley program remains on schedule with field crews mobilising to site in mid-September 2021.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au