Alchemy Resources Lays Karonie Foundation with Maiden Resource Estimation

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) reported the maiden JORC 2012 Mineral Resource Estimate for the Taupo, KZ5 and Parmelia deposits at the company’s 100 per cent-owned Karonie gold project, located east of Kalgoorlie in Western Australia.

The deposit combination has been estimated for Karonie to currently contain 2.96 million tonnes at 1.2 grams per tonne gold for 111,100 ounces of gold.

“The maiden JORC 2012 Mineral Resource Estimate of 111,100 ounces of gold at Karonie establishes a solid base for growth in the centre of our 100 per cent-owned Karonie Gold Project,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“Importantly this is a high quality, independently conducted resource estimate which is largely contained within the top 150 metres and remains open at depth and along strike at all three deposits.

“The current resource footprint covers less than two kilometres combined of the +85km strike length of the Karonie tenement package, which has active mining operations along the length of the same highly prospective structures.

“That leaves a lot of real estate along strike and at depth for future growth.

“Moving forward from the central resource, our strategy is to expand on the resource inventory by heading initially to the southern Karonie areas for our Phase 2 drill program, and then to the north towards Manhattan for Phase 3.

“We will also be targeting high grade gold resources in the far south areas at Karonie where data mining of historical drilling assays has revealed strong potential for high grades close to surface which have not been followed up in nearly 20 years.”

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

 

Poseidon Nickel Receives Final Golden Swan Assays

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THE DRILL SERGEANT: Poseidon Nickel (ASX: POS) released the final batch of assays results received from the Resource Definition drilling program at the Golden Swan deposit within the company’s Black Swan nickel project in Western Australia.

Poseidon Nickel commenced the Resource Definition drilling program in April 2021 that was designed to increase confidence in the continuity of the Golden Swan mineralisation to JORC 2012 Inferred and Indicated levels.

The latest results include:

PGSD053
3.8 metres at 5.06 per cent nickel from 245.6m, including 0.6m at 12 per cent nickel from 245.6m, and 3.1m at 2.21 per cent nickel from 262.9m, including 0.3m at 8.59 per cent nickel from 262.9m;

PGSD054
0.55m at 4.22 per cent nickel from 182.7m;

PGSD056
2.5m at 3.58 per cent nickel from 270.5m, including 0.45m at 7.59 per cent nickel from 270.5m; and

PGSD059
5.15m at 8.62 per cent nickel from 227.35m, including 3m at 12 per cent nickel from 227.35m, including 0.65m at 13.9 per cent nickel from 227.35m, and 1m at 7.32 per cent nickel from 228m, and 0.5m at 13.1 per cent nickel from 229m, and 0.5m at 14.7 per cent nickel from 229.5m, and 0.35m at 16.1 per cent nickel from 230m.

“The Golden Swan Resource definition drilling program has been completed and all assay results have now been received,” Poseidon Nickel managing director and CEO Peter Harold said in the company’s ASX announcement.

“The final batch of assays had some good widths and grades.

“Now that all the assay results have been received the consultant geologists have commenced work on determining the maiden resource which is on track to be delivered in late September.

“Drilling is continuing on the Southern Terrace where we are looking for more Golden Swan style high-grade mineralised zones.

“Three holes have been drilled to date and a down hole EM crew is due on site this week to survey those first three holes.

“The Silver Swan Reserve Upgrade drill program, designed to increase the high-grade nickel mining inventory at Black Swan, and test for extensions is also underway.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@poseidon-nickel.com.au

 

Web: www.poseidon-nickel.com.au

 

Thor Mining Records Further High-Grade Copper Hits

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THE DRILL SERGEANT: Thor Mining (ASX: THR) reported follow-up copper and gold intercepts from a recently completed initial diamond drilling program at the company’s Alford East copper-gold project in South Australia.

Nine diamond drillholes have been completed to date, with assays received for three drillholes – 21AED001, 21AED002, and now 21AED005.

Latest news from the lab returned an exceptional high-grade copper intercept over a wide interval of:

21AED005
72.7m at 1.0 per cent copper and 0.19 grams per tonne gold from 6.3m, including 18.2m at 2 per cent copper and 0.34g/t gold from 15.8m.

This follows-on from assays announced last week by Thor of other copper-gold intercepts including:

21AED001
32.9m at 0.4 per cent copper and 0.31g/t gold from 81.5m, and 5m at 0.5 per cent copper and 1.02g/t gold from 102m; and

21AED002
59.9m at 0.31 per cent copper from 21.9m.

“The newly discovered broad zone of high copper and gold grades from near surface in 21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes this oxide mineralised system to a new level, reporting values well above the Mineral Resource Estimate grades,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“The confirmed uplift in copper and gold grades along the controlling NNE structure continues to excite and exceed Thor’s expectations.

“We look forward to testing this structure in areas open along strike, to the north and south.

“Pump testing scheduled for start of September will further advance the In-Situ Recovery (ISR) ‘proof of concept’ hydrometallurgical assessment.

“Exciting times ahead as we await final assay results from this drilling campaign and commence the ISR for copper and gold baseline studies.”

The Alford East Copper-Gold Project is located on EL6529, where Thor is earning up to 80 per cdent interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529.

The Alford East project covers the northern extension of the Alford Copper Belt, located on the Yorke Peninsula.

The Alford Copper Belt is a semi coherent zone of copper-gold oxide mineralisation, within a structurally controlled, north-south corridor consisting of deeply kaolinised and oxidised troughs within metamorphic units on the edge of the Tickera Granite of the Gawler Craton.

Thor completed an inferred Mineral Resource Estimate (MRE) in January 2021 from historic drill hole information of 125.6 million tonnes at 0.14 per cent copper containing 177,000 tonnes of contained copper and 71, 500 ounces of contained gold.

 

 

TO READ THE PREVIOUS ANNOUNCEMENT: CLICK HERE

 

 

Email: corporate@thormining.com

 

Web: www.thormining.com

 

Kin Mining Drills Cardinia Gold Project Expansion

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from extended exploration drilling carried out at the company’s Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining completed a program of Reverse Circulation (RC) drilling at the Eagle‐Crow target targeting below previously reported high‐grade air‐core drilling intercepts.

The drilling intersected several zones of shallow, high‐grade gold mineralisation extending over a strike length of 500 metres at Eagle and two zones, each extending over approximately 400m of strike, at the Crow target.

The company said the results reinforce its view that Eagle‐Crow, located 2km west of the CGP, offers potential for an emerging gold discovery on the western side of Cardinia and that the Cardinia Hill trend holds plenty of discovery potential subject to additional drilling.

The highlights reported from the Eagle‐Crow prospect include:

CW21RC013
17 metres at 3.78 grams per tonne gold from 43m, including 4m at 5.45g/t gold from 43m, and 3m at 12.9g/t gold from 54m;

CW21RC011
6m at 4.19g/t gold from 13m;

CW21RC006
3m at 2.03g/t gold from 29m; and

EG21RC446
5m at 3.1g/t gold from 55m.

“The Eagle‐Crow area on the western side of the CGP is continuing to show great promise,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This is the first deeper RC drilling below the encouraging air‐core intercepts reported earlier this year, and we are very encouraged by the results.

“Drilling has clearly demonstrated the potential for multiple zones of shallow, high‐grade gold mineralisation which require further drilling to confirm their geometry and continuity and lay the foundations for future resource estimation.

“However, we can see clear potential in this area to delineate additional deposits with the potential to make a meaningful future contribution to our Resource inventory.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Vimy Resources Gains WA Government Approval of Mulga Rock Project Management Plan

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THE BOURSE WHISPERER: Vimy Resources (ASX: VMY) announced approval by the Western Australian Department of Mines Industry Regulation and Safety (DMIRS) for the company’s Mulga Rock Project Management Plan.

The approval is one of three WA Government departmental approvals required by the company to implement the project.

Vimy Resources explained that under section 42(3) of the Mines Safety and Inspection Act 1994 (MSIA), this approval allows for the commencement of mining operations at the Mulga Rock project, subject to the granting of other necessary approvals.

While the company is mobilising field crew to support site works at Mulga Rock, it has also lodged a notification of the appointment of a Registered Manager with DMIRS to supervise those activities, in accordance with section 33 of the MSIA.

“The grant of the first of the three secondary approvals is a significant milestone along the path to developing the Mulga Rock project,” Vimy Resources managing director and CEO Mike Young said in the company’s ASX announcement.

“Vimy has, and will continue to, work cooperatively with the various Government departments to obtain the remaining approvals.

“Diversification and security of supply are front of mind for nuclear utilities as global uranium production shrinks from the middle of this decade.

“Combined with renewed activity in the term uranium market, this approval augurs well for a project Final Investment Decision in the year ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@vimyresources.com.au

 

Web: www.vimyresources.com.au

 

 

Ausgold Extends Mineralisation at Katanning South

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THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling undertaken in the Southern Zone at the company’s 100 per cent-owned Katanning gold project in Western Australia.

The company explained its current focus is on the potential for a larger scale Resource through drilling the Southern Zone, which includes the Rifle Range, Dingo and Lukin areas along a total strike length of eight kilometres.

These areas have demonstrated promising early results, which include extensive and broad zones of high-grade gold mineralisation showing the potential to expand the scale of the total gold Resource at the KGP

The recent drilling delivered extensive and broad zones of gold mineralisation, including:

BSRC1229
11m at 1.89 grams per tonne gold from 59m, including 6m at 2.98g/t gold (Dingo)

BSRC1228
12m at 1.29g/t gold from 75m including 5m at 2.11g/t gold (Dingo)

BSRC1148
3m at 0.5g/t gold from 42m, 3m at 1.18g/t gold from 129m, 3m at 0.39g/t gold from 149m and 1m at 1.8g/t gold from 156m (Lukin)

BSRC1149
4m at 0.67g/t gold from 111m and 2m at 0.64g/t gold from 168m (Lukin)

“The early results from the Southern Zone continue to show promise, with drilling returning widespread and significant zones of high-grade mineralisation,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“This early view supports our thesis that there is potential to further expand our existing 1.54 million ounces Resource significantly to the south.

“We also continue to scale up, with the appointment of an experienced exploration manager, as we commence diamond drilling in both the Southern and Central Zones that will support upcoming geotechnical and metallurgical testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Luke Reinehr Kalamazoo Resources (ASX: KZR) August 2021

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Kalamazoo Resources (ASX: KZR) recently ran a lithium eye across the company’s Pilbara gold projects and liked what it saw. CEO and chairman Luke Reinehr zoomed into The Resources Roadhouse to tell Wally Graham what the company learnt.

Global Lithium on Lithium Hunt at Marble Bar

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COMMODITY CAPERS: Global Lithium (ASX: GL1) is a recently-listed lithium exploration company with a primary focus on the company’s 100 per cent-owned Marble Bar lithium project (MBLP) in the Pilbara region of Western Australia.

Global Lithium has already defined a maiden Inferred Mineral Resource at the MBLP of 10.5 million tonnes at 1 per cent lithium at the Archer deposit, which it believes to confirm the project as an emerging new greenfields lithium discovery of note.

The Marble Bar project is located 150km south-east of Port Hedland and 15km north-west of Marble Bar in a neighbourhood that is already populated by globally significant lithium deposits, including the world-class Pilgangoora deposit of Pilbara Minerals (ASX: PLS) and the Wodgina deposit Joint Venture between Albemarle and Mineral Resources (ASX: MIN).

Global Lithium claims the MBLP exhibits spodumene bearing pegmatite intrusives within the project area greenstone, which is a similar geological setting to that as seen in those nearby major lithium deposits.

The company reported its maiden drilling program at the MBLP substantially extended the known strike length of known lithium mineralisation at the Archer deposit and its surrounds.

RC holes and surface rock chip samples recording lithium mineralisation and anomalism, with associated anomalous tantalum, which Global interpreted to be further evidence that the MBLP is continuing to emerge as an important spodumene lithium deposit in a premier hard rock lithium mining jurisdiction.

“Our maiden RC drilling program as a listed company has delivered some excellent results, providing us with a fantastic foundation to build on as we progress into our next phase exploration programs, which planning for is already well underway,” Global Lithium managing director Jamie Wright said.

“Our strategy of stepping out from Archer to test the broader area has given us confidence that mineralisation at the MBLP continues to extend beyond Archer and has now been traced for over six kilometres in a north-to-south strike direction, and remains open, including to the east and potentially into our newly acquired tenements.”

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au

 

Blackstone Minerals Swimming Upstream at Ban Phuc

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COMMODITY CAPERS: Blackstone Minerals (ASX: BSX) recently reported some of the best broad DSS drilling intersections encountered to date at the Ban Phuc deposit within the company’s Ta Khoa nickel–copper-PGE project in Northern Vietnam.

Blackstone Minerals reported the drilling had hit a 375 metres nickel sulphide intersection to further demonstrate the large bulk tonnage potential of the Ban Phuc disseminated (DSS) deposit.

Drilling from Ban Phuc included:

BP20-55
374.7 metres at 0.3 per cent nickel, 0.01 per cent copper, 0.01 per cent cobalt and 0.07g/t PGE from 2m, including 49m at 0.45 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.17g/t PGE from 2m;

The Ban Phuc DSS deposit is anticipated to underpin the Upstream Business Unit (UBU) PFS due later this calendar year.

Completion of the final infill drilling program is aimed at increasing the confidence of the existing JORC resource of:
Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel; and
Inferred Mineral Resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes nickel.

“The high tenor of results from the final infill drilling program increases the confidence of the resource at Ban Phuc, and the mine plan that will underpin Blackstone’s UBU PFS,” Blackstone Minerals managing director Scott Williamson said.

“In the relatively short amount of time since acquiring the Ta Khoa nickel-copper-PGE project, Blackstone has been able to define a large, disseminated sulphide deposit which considerably adds to the security of supply for the company’s vertically integrated downstream refinery.”

Blackstone followed this up by announcing the appointment of leading independent advisors to arrange debt financing for the development of the vertically integrated Ta Khoa nickel-copper-PGE project and Downstream Refinery project (Ta Khoa Project).

The Korea Development Bank (KDB) and BurnVoir Corporate Finance (BurnVoir) will act jointly and in collaboration with Blackstone to secure an attractive, flexible funding package for the development of the Ta Khoa project.

“KDB and BurnVoir bring their respective strengths across the lithium-ion battery value chain, including strong relationships with potential customers of the Ta Khoa Downstream Refinery,” Williamson said.

“Both KDB and BurnVoir have extensive experience in arranging development funding for quality projects, and their involvement in the Ta Khoa project is an endorsement of Blackstone’s strategy and ability to execute.”

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

 

Delorean Corporation on a Trip to The Future.

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COMMODITY CAPERS: Delorean Corporation (ASX: DEL) is a bioenergy company specialising in the design, build, ownership and management of bioenergy infrastructure and associated power generation and retail.

The company combines a group of four vertically-integrated companies working together to deliver each stage of the bioenergy generation process.

Delorean Energy

Is an infrastructure development and management company specialising in bioenergy plants using mature technology anaerobic digestion systems.

Delorean Energy retains the in-house capability to take development projects from concept to planning approval, investment and financial structuring to building owning and operating these assets.

Website

Biogass Renewables

Is claimed by the corporation to be Australia’s leading bioenergy infrastructure construction company specialising the design, build, commissioning and operation of anaerobic digestion infrastructure.

Website

Cleantech Energy

Is an established energy retailer with licenses to operate in the national market.

Website

Tekpro

Is a fabrication contractor that manufactures tanks, pipework and structural steel. Tekpro specialises in IP in stainless steel double-bunded tanks for liquid storage and mixing.

Website

Delorean Corporation recently acquired 100 per cent of the Salisbury bioenergy project, which will process commercial and industrial organic food and agricultural waste to deliver 150 terajoules per annum of biomethane into the gas distribution network in Adelaide under an offtake agreement with Origin Energy/AGIG.

The project is expected to be the first in Australia to achieve the ‘green gas to mains’ milestone.

Delorean Corporation managing director Joe Oliver said.
“We are excited to have full ownership of the project so we can complete FID and progress to construction with certainty in a timeline that we can control.

“Renewable gas is key in decarbonising the gas network and we are pleased to be pioneering this with a project at commercial scale in Australia.”

 

 

Email: info@deloreancorporation.com.au

 

Web: www.deloreancorporation.com.au