Talisman Mining Completes RC Program At Sinclair Nickel Project

THE DRILL SERGEANT: Talisman Mining (ASX: TLM) completed a five-hole RC drill program at the company’s 100 per cent- owned Sinclair nickel project in Western Australia.

Talisman Mining explained the drilling was carried out to follow-up recent highly encouraging results at the Schmitz Well South and Delphi North prospects.

Four holes were undertaken at the Schmitz Well South prospect along strike and downdip from recent air-core (AC) drilling results at Schmitz Well South, which had returned:

SNAC0083
1 metre at 0.68 per cent nickel from 27m down-hole; and

SNAC0096
5m at 0.5 per cent nickel from 50m down-hole.

Although all four holes of the latest RC drilling program intersected a consistent, thick sequence of high-magnesian ultramafic rocks including minor disseminated sulphides, they did not return any significant nickel intersections.

“Talisman interprets the results to represent a possible channel flow environment with the potential to host accumulations of nickel sulphides,” Talisman Mining said in its ASX announcement.

“The thick ultramafic sequence overlies a basaltic footwall unit similar to that seen at the Sinclair Mine and other locations along the ultramafic belt.”

The fifth hole of the recent drilling program was carried out on the Delphi North prospect with the aim of providing the company with further understanding of the interpreted massive and disseminated nickel sulphide mineralisation near high conductance electromagnetic (EM) conductors it had identified in previous drilling.

The company reported the drill hole intersected the lower edge of previously modelled EM conductors and encountered massive and disseminated nickel sulphide mineralisation on the basal contact.

Assays results included:

SNRC031
2m at 1.95 per cent nickel from 198m down-hole, including 1m at 2.97 per cent nickel from 199m down-hole.

Talisman said the results from this hole had continued to highlight the potential for additional sulphide mineralisation at Delphi North where previous RC and diamond drilling has returned encouraging results.

“Talisman will continue to evaluate the potential of the Delphi North prospect to host economic nickel sulphide mineralisation and to develop exploration programs across the wider Sinclair nickel project as part of it’s staged, cost effective exploration strategy,” the company said.

 

Email: info@talismanmining.com.au

 

Website: www.talismanmining.com.au

Western Australian Lithium Miners in right Spot at Right Time

THE CONFERENCE CALLER: The Western Australian lithium industry has always been healthy and according to Tianqi Lithium Australia general manager Phil Thick it’s going to get healthier.

Presenting to the first day crowd at the Low Emissions and Technology Minerals Conference in Perth, Thick reminded the audience of WA lithium’s current global standing.

“Until last year a third of the world’s lithium came out of Western Australia,” he said.

“All of that lithium came out of one mine – the Talisman mine at Greenbushes.

“So, we already have a dominant position in the world.”

Thick informed the room that over the past year or so there has been, in Western Australia, other miners that have commenced exporting both raw spodumene rock and spodumene concentrate.

“If we add up the announced, potential production of all of the West Australian ASX-listed companies it comes to somewhere between three and four million tonnes per annum of spodumene concentrate,” he said.

“If we convert all of that into lithium carbonate equivalent – it is about two and a half times what the world is currently using.”

Thick tossed up a couple of disclaimers, including the time frame that it will take these projects to get into production and their combined ability to meet the growing global demand, which he expects to grow considerably over the next couple of years.

He mentioned there were already a small number of WA lithium miners that are making noises regarding moving into the downstream processing realm.

“We could do what we do very well in Western Australia, which is to dig the rocks out of the ground and send it all to China for them to process and add value,” he said.

“That is what has happened to date with all the lithium that comes out of Greenbushes.

“Or, we could move further down the stream, and it wold be great to have three or four companies in this state all processing their spodumene rock into something that is of significantly higher value.”

Thick’s company, Tianqi Lithium Australia is already doing this, at its refinery in Kwinana, which is the site of BHP Nickel West’s proposed expansion.

He said that over the course of the two-day conference delegates could expect to hear plenty of discussion about the emerging Electric Vehicle market and the effect it has had on the lithium market, especially in the past 12 months.

“Twelve months ago, there was a lot of speculation and there wasn’t much fact built into what lithium demand was going to do over the next ten years,” he said.

“In the past six months, just about every significant car manufacturer outside of China has come forward with some pretty hard numbers around what they are going to be doing between now and 2025, in terms of electric vehicle manufacture.”

Given there were around one million EVs on global roads last year, which equates to approximately one per cent of the world car footprint, China’s announcement that intends producing EVs doubling that number pumping out two million on its own by 2020, the global analytical outlook for lithium is, understandably, bullish.

Thick said we could expect a 15 per cent lift in year on year growth in lithium sales between now and 2025.

“There is plenty of lithium resources around the world, and Western Australia hasa more than its fair share of it,” he said.“But the next big gap, over the next five years, will be in lithium processing.

“There are a number of projects…that are underway at the moment, but the sum of everything underway at the moment, will go nowhere near meeting the global demand for lithium hydroxide and lithium carbonate over the next few years.”

Cobalt Making Its Move On The Technology Circuit

THE CONFERENCE CALLER: Although talk of lithium dominated the Low Emissions and Technology Minerals Conference in Perth, space opened for its lesser cousin, cobalt to take centre stage.

Addressing the conference’s second day audience, CSA Global director Aaron Green said that the trappings of modern life – iphones, ipads, computers, and the soon to be ubiquitous electric vehicles – were bringing cobalt into the spotlight.

“We live in a revolutionary period as we as a planet strive to reduce our carbon emissions and control pollution levels,” Green said.

“In recent years we have seen incredible interest in technology minerals – firstly graphite, and more recently lithium – now the market has realised that cobalt is one of those commodities that will power the next century.”

Lithium’s place in the battery world was assured when technological types decided to name the power packs lithium-ion batteries.

In recent times nickel has enjoyed a moment of glory thanks to Elon Musk identifying its part in the technology, but cobalt too has of late begun to pull focus.

“The importance of cobalt has led the US government to label it a strategic metal and the EU to include it on their lest of critical metals,” Green said.

Historically, the price, production and costs of cobalt has been linked to copper and nickel markets as the commodity is a by-product of the mining of these more traditional metals.

Globally, just two per cent of cobalt production occurs independent of nickel and copper mining.

Most of this is mined in the Democratic Republic of Congo, which raises strong possibilities of geopolitical risk destabilising global supplies.

Ninety-eight per cent of 2016 global cobalt mine production was derived as a secondary by-product from either nickel or copper mining.

Fifty-four per cent of 2016 global cobalt mine production was derived from copper mining in the DRC.

“Historically, nickel and copper economics have dictated cobalt supply and price,” Green said.

“Cobalt has been produced as a by-product with mine recoveries not attuned to maximise cobalt extraction.”

Between 2010 and 2016, a cobalt supply surplus was created by new nickel and copper projects coming online, resulting in refined production exceeding demand.

This led to a period of depressed cobalt prices, in line with nickel and copper prices, and a slow down in world economies.

“Since mid-to-late 2016 we have seen a significant decoupling of the cobalt price from nickel and copper,’ Green explained.

“This has been due to the emergence of electric vehicles and lithium-ion battery demand.

“The cobalt price more than doubled in this period and has risen by, approximately, seventy per cent since January this year.”

Just as the lithium spokespeople before him, Green emphasised the effect the rising demand of the electric vehicle market has had on the commodity’s rise.

“Electric vehicles have been the major driver of recent cobalt demand,” he said.

“A growing number of major jurisdictions are introducing legislation for minimum numbers of electric vehicles, including China and Europe.

“China is now pushing forward with an aggressive zero emission program, targeting eight per cent by 2018 and twelve per cent by 2020.”

Intermin Resources Extends Jacques Find Mineralisation

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced results from reverse circulation (RC) drilling carried out on the company’s 100 per cent-owned Teal gold project, located northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources said the drilling was undertaken to test for extensions to known mineralisation at the Jacques Find prospect and to test an Induced Polarisation (IP) anomaly that trends for over 600 metres along strike at the Yolande prospect.

High-grade downhole RC intercepts from the program include:

JFRC1704
26 metres at 7.81 grams per tonne gold from 48m and 16m at 5.33g/t gold from 86m;

JFRC1702
7m at 7.13g/t gold from 100m;

JFRC1708
12m at 4.25g/t gold from 66m;

JFRC1709
5m at 2.13g/t gold from 133m and 5m at 3.49g/t gold from 151m; and

PFRC1701
12m at 1.94g/t gold from 84m.

“These excellent widths and grades clearly demonstrate the potential scale and quality of this large new mineralised system in the heart of the WA Goldfields,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The new results at Yolande are also encouraging as the mineralisation appears to be related to the IP anomalies north of the Jacques Find discovery where very little drilling has been conducted to date.

“This area has now been prioritised with follow up drilling now commenced.”

Intermin indicated that the quantity of high-grade mineralisation discovered in JFRC1704, had provided impetus for the company to commence a new priority follow up RC drill program.

The drilling will comprise five holes, three of which will be completed near JFRC1704 the company expects will help provide further detail on the geometry of this shoot.

Intermin has also interpreted hole JFRC1701 to have been drilled too shallow and as such will be re-entered to test the depth extension of the gold discovered in JFRC1708.

One further hole is planned to test the strike length of a black shale unit situated a further 80m north of JFRC1708.

Intermin anticipates results of this program to be available in the current December Quarter.

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

Metalicity Intersects Sizeable Cobalt at Kyarra

THE DRILL SERGEANT: Metalicity (ASX: MCT) reported drilling results from the first exploration drilling program conducted at the company’s Kyarra cobalt project, located in the Yerrida Basin, Western Australia.

Metalicity has previously identified high-grade and widespread surface cobalt results at Kyarra.

The company said the drilling program was designed to understand the origin of anomalous surface cobalt geochemistry it had delineated over a target area of 2 kilometres by 3.5 kilometres.

The program involved an initial RC percussion drilling program to test whether a linear anomaly trend was associated with underlying structural/stratigraphic controlled mineralisation, or was related to scavenging of metals mobilised in the surface weathering environment by iron and manganese oxides.

According to Metalicity this drilling intersected a stratigraphic setting and returned anomalous copper and cobalt analyses, which are consistent with the company’s exploration targeting model at Kyarra.

“Structural interpretation of the Yerrida Basin and the high-grade and widespread levels of cobalt in our surface sampling results supported our view that Kyarra is prospective for copper-cobalt and nickel-cobalt deposits,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Applying the prolific Central African Copper belt exploration model, drilling continues to provide a body of evidence this model is stacking up.

“Drilling intersected anomalous cobalt in every hole and importantly identified an 8 to 12 metre-thick zone of mineralisation that may sit above the source of cobalt mineralisation, which the company will target in the next phase of exploration.”

Website: www.metalicity.com.au

Calidus Resources Hits Encouraging Gold at New Satellites

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) announced the intersection of encouraging widths and grades of gold mineralisation at the Fielding’s Gully and Copenhagen deposits within the company’s wholly-owned Haoma tenements.

Calidus recently acquired 100 per cent interest in the tenements that are part of its Warrawoona gold project in the East Pilbara district of the Pilbara Goldfield in Western Australia.

A total of nine holes were completed at Fielding’s Gully and 16 holes at Copenhagen.

RC drill results from the recently completed program returned gold intercepts grading greater than 10 gram-metres including:

Fielding’s Gully

17FGRC005
16 metres at 3.52 grams per tonne gold, including 1m at 10.85g/t gold and 1m at 22g/t gold from 71m;

17FGRC006
21m at 1.85g/t gold, including 1m at 10.3g/t gold from 55m;

17FGRC007
8m at 3.97g/t gold from 22m;

17FGRC004
11m at 2.62g/t gold, including 1m at 19.75g/t gold from 25m;

17FGRC003
11m at 2g/t gold from 25m;

17FGRC008
11m at 1.74g/t gold from 28m; and

17FGRC007
7m at 2.42g/t gold, including 1m at 11.97g/t gold from 35m.

Copenhagen

17CPRC009
18m at 4.35g/t gold, including 1m at 13.8g/t gold and 2m at 11.41g/t gold from 46m;

17CPRC002
2m at 8.23g/t gold, including 1m at 10.12g/t gold from 27m; and

17CPRC004
2m at 5.22g/t gold from 56m.

Calidus Resources described the Warrawoona syncline as being one of the largest mafic-ultramafic-hosted goldfields in the East Pilbara Granite Greenstone Terrane.

The company explained how these gold deposits are composed of quartz lodes within three main shear zones: the Klondyke shear zone, the Copenhagen shear zone and the Fielding’s Find shear zone.

“The Fielding’s Gully drill program was designed to provide the initial testing of an extensive gold anomaly defined by shallow historic open hole drilling completed in the 1980’s and 1990’s,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“These assay results confirm the presence of a large mineralised system over 300 metres of current strike length with all holes intersecting zones of quartz veining in mafic and ultramafic schists similar to that observed at the Klondyke deposit approximately 10 kilometres to the east.

“Mineralisation at Fielding’s Gully outcrops and remains open along strike and at depth and will be followed up in future drill programs.

“The Copenhagen drill program was designed to test extensions along strike and to investigate a possible parallel lode that had been defined to a limited degree in previous drilling.

“The results show that the main Copenhagen orebody is plunging to the east and remains open.

“We plan to systematically follow the plunge of this high-grade orebody downdip in the next drill campaigns.”

Email: info@calidus.com.au

Website: www.calidus.com.au

St George Encounters High Grade Mineralisation at Mt Alexander

 

Monday, November 13, 2017
THE DRILL SERGEANT: St George Mining (ASX: SGQ) declared drilling at the company’s Mt Alexander project in Western Australia encountered further intersections of massive nickel-copper sulphides.

St George Mining commenced the drill program at the Cathedrals prospect where the first hole drilled – MAD65 – tested for an eastern extension of the high-grade nickel-copper-cobalt-PGEs previously intersected at the Cathedrals prospect.

St George said MAD65 intersected massive sulphides where EM modelling had predicted.

The hole was completed to a downhole depth of 95m and intersected a 34.1m thick interval of the Cathedrals ultramafic that included 3.25m of massive, matrix and stringer sulphides from 52.85m downhole.

St George reported average values of the massive sulphide mineralisation, based on portable XRF readings, of 8 per cent nickel and 3 per cent copper.

Hole MAD66 identified further mineralisation in the Cathedrals footwall fault.

This hole was drilled to a downhole depth of 373m and tested an off-hole DHEM plate in the footwall fault, located below the main Cathedrals ultramafic.

St George explained the drill hole will also be used as a platform for a deep search downhole EM (DHEM) survey.

MAD66 also intersected mineralisation where predicted by EM modelling with 5.9m of brecciated massive sulphides and disseminated sulphides from 180.05m downhole.

Spot XRF readings taken by the company for the brecciated massive sulphides ranged from 2 per cent to 11 per cent nickel and up to 1.5 per cent copper.

“This is an excellent start to the drill program with further high-grade mineralisation being identified in both the Cathedrals ultramafic and the footwall fault,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The upcoming drill holes offer more exciting potential with new targets at the mineralised Stricklands and Investigators prospects and also targets in unexplored areas like Anomaly 11 to the south of Cathedrals.”

 

Email: info@stgm.com.au

 

Website: www.stgm.com.au

Tyranna Resources Announces Further Gold Hits at Greenwood

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX), in its role as manager of the Western Gawler Craton Joint Venture, announced results from reverse circulation (RC) drill holes completed at the Greenwood gold prospect, part of the larger Jumbuck gold project in the Northern Gawler Block of South Australia.

The Western Gawler Craton Joint Venture includes WPG Resources (ASX: WPG) (TYX 75% – WPG 25%) and Coombedown Resources Pty Ltd.

Highlights of thr drilling included:

Hole 031
10 metres at 5.16 grams per tonne gold from 31m into fresh rock (primary zone), including 1m at 29.4g/t gold from 36m, including 1m at 7g/t gold from 37 m.

Tyranna Resources said the drilling had identified a potential discovery of secondary pipe like structure, which has been interpreted by the company’s geologists to exhibit mineral assemblages similar to Hole 020 (results announced 1 November 2017) which intersected 22m at 4.03g/t gold.

“Of note is the outstanding result from hole 031 which intersected 10m at 5.16g/t gold from 31 metres in the primary zone,” Tyranna Resources said ini its ASX announcement.

“This hole was drilled to intersect the same lithological structure as in hole 073 which intersected 8m at 3.35g/t gold from 55 metres in the primary zone.

“Hole 031 failed to achieve target depth and was truncated at 45 metres.

“This area at the northern extent of the mineralised envelope appears to be a secondary pipe like structure.

“Hole 032 has noted the unprecedented occurrence of mineralisation in the upper saprolite.

“To date in excess of 100 holes have been drilled in the Greenewood mineralised zone and no such occurrence of mineralisation has been intercepted at this depth (i.e. from 6 to 10 metres downhole depth).”

Tyranna indicated that diamond drilling is now planned to test the area around Hole 031 to confirm the existence of a repeat high-grade pipe like structure like that discovered by Hole 020.

This work will be planned for the first half of 2018 following the completion of a diamond drilling program near Hole 020.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Musgrave Minerals Continues To Extend Break Of Day Mineralisation

HOT OF THE PRESS: Musgrave Minerals (ASX: MGV) released assay results from the first six drill holes of reverse circulation (RC) drilling currently underway at the company’s wholly-owned Break of Day deposit on the Cue project in the Murchison region of Western Australia.

Musgrave Minerals reported that he current RC drill program at Break of Day has now been extended with more than 30 drill holes targeted to define the mineralisation beyond the current resource boundary and as infill to facilitate a resource classification upgrade from the Inferred to Indicated category.

Drilling within the new south plunging high-grade shoot at Break of Day is continuing and has now extended mineralisation a further 100 metres down plunge from the current resource boundary.

Source: Company announcement

Latest intersections include:

17MORC105
9 metres at 4.8 grams per tonne gold from 206m down hole, including 1m at 17.4g/t gold from 213m down hole;

17MORC101
2m at 13.4g/t gold from 124m down hole;

17MORC102
2m at 5.3g/t gold from 168m down hole;

17MORC103
4m at 4.6 g/t gold from 327m down hole within a broader interval of alteration and veining assaying 39m at 1.3g/t gold from 293m down hole.

“These are further strong results at Break of Day which extends the mineralisation well beyond the current resource boundary,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“These results will continue to grow the resource and enhance the economics of the deposit.

“We have completed 18 drill holes in the current program and following these positive results will expand the program to include a further 2,500 metres of drilling.”

Break of Day currently hosts a combined (Indicated and Inferred) Mineral Resource of 868,000 tonnes at 7.15g/t gold for 199,000 ounces of gold.

Musgrave Minerals expects the Resource will increase with further drilling.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

St George Mining Ready To Commence Drilling Windsor Prospect

HOT OFF THE PRESS: St George Mining (ASX: SGQ) has preparations in place for a diamond drill program, set to commence next week, at the company’s Windsor nickel sulphide prospect at the company’s 100 per cent-owned East Laverton project in Western Australia.

St George Mining outlined the drill program to be testing three large EM conductors the company recently identified using a high-powered SAMSON EM survey.

St George said these strong, late-time EM conductors displayed geophysical properties it considers to be consistent with massive nickel sulphides.

Of note is that the conductors are in structural and geological positions St George believes to be favourable for the accumulation of massive nickel sulphide mineralisation.

The three EM conductors are named Windsor X1, Windsor X2 and Windsor X3.

The first target to be drilled will be Windsor X3.

Source: Company announcement

Preparations at site for the drill program have been completed, and the diamond drill rig is currently in transit.

“The large Windsor channel is highly prospective for massive nickel sulphides with previous drilling delivering numerous intersections of magmatic nickel sulphides,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The new EM conductors are compelling targets and we are pleased that we could fast-track the drill program.

“With nickel sulphide drill programmes testing new targets at both our Mt Alexander and East Laverton projects, it’s a very exciting time for St George Mining.”

Email: info@stgm.com.au

Website: www.stgm.com.au