Alchemy Resources Identifies New Karonie South Drill Targets

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THE DRILL SERGEANT: Alchemy Resources has identified new drill targets in the southern portion of the company’s 100 per cent-owned Karonie gold project in Western Australia.

Alchemy Resources completed field mapping in Q2CY21 that was part of a review focussed on defining drill targets from “camp scale” prospective areas that had been defined in the Karonie Structural Review which the company completed earlier this year.

The upshot from this field work is five high- priority drill targets along a prospective corridor immediately south of the Aldiss Mine currently operated by Silver Lake Resources (ASX: SLR).

The targets include the new greenfields, Western Brown lake target which has seen no exploration of any kind over a four square kilometres area.

Other targets include, Gilmour, Challenger, Challenger South and Esplanade which have seen no modern exploration since the early 2000s.

Phase 2 drilling is planned to test the southern areas of the Karonie tenements that contain the Challenger, Gilmore and Esplanade targets.

“The detailed mapping program has identified some excellent walk-up drill targets to test in the second half of 2021,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“We are excited to get rigs back on the ground in an area which hasn’t seen any modern exploration in 10-20 years.

“The identification of the new greenfields Western Brown target is also very promising, and this area is now a priority target for RC drilling in coming months.

“Western Brown is a large lake target with classic geological and geophysical indicators and has had no exploration of any kind.

“Near term we expect to get drone magnetics flying to better refine our targeting prior to drilling in the second half of this year.”

 

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Dreadnought Resources Drilling Points to Potential Large System at Tarraji-Yampi

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) managed to get a few assays rushed through the lab of one-metre samples from a recently completed RC drilling program at the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Of the total of 1,542 samples collected during the drilling program, 283 were rushed with the remaining assays expected in September 2021.

The assay results received include drilling at the Orion, Grant’s Find and Fuso targets, returning:

Orion

KMRC0107
12 metres at 1.6 per cent copper, 31.7 grams per tonne silver and 0.5g/t gold from 45m;

Grant’s Find

KMRC016
10m at 2.3 per cent copper, 0.1g/t gold and 0.03 per cent cobalt from 101m, including 4m at 4.9 per cent copper, 0.2g/t gold and 0.07 per cent cobalt from 106m; and

Fuso

KMRC012
1m at 2.1 per cent copper, 3.9g/t silver, 0.1g/t gold and 0.2 per cent cobalt from 90m.

Dreadnought said the results from Orion, Grant’s Find and Fuso demonstrate a strong copper-gold-silver style of mineralisation with associated cobalt, bismuth and antimony (up to 0.1% – 0.2%) metal association.

The company interpreted the results to suggest this association indicates that all three targets are potentially part of a larger mineralisation system.

“Confirming a potentially large-scale copper-gold-silver-cobalt-bismuth-antimony system is extremely exciting,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Furthermore, there is clearly unfinished business at all three targets – Orion, Grant’s Find and Fuso.

“At Orion, it would appear that we only nicked the edge of the target.

“At Grant’s Find we returned our best results to date and this area continues to build.

“Fuso surprised in the sense that we did not explain the magnetic anomaly while still intersecting mineralisation – a near miss.

“Remaining assays are expected in September 2021 and we are incorporating these results into planning our next drill program in September 2021.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Blackstone Minerals Encounters 375m Nickel Hit at Ban Phuc

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported results from the final infill drill program at the Ban Phuc DSS deposit at the company’s Ta Khoa nickel–copper-PGE project in Northern Vietnam.

Blackstone Minerals declared the drilling had achieved some of the best broad DSS intersections to date at Ban Phuc, including a 375 metres nickel sulphide intersection to further demonstrate the large bulk tonnage potential of the Ban Phuc disseminated (DSS) deposit.

Latest results 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;

BP20-57
211.38m at 0.43 per cent nickel, 0.03 per cent copper, 0.01 per cent cobalt and 0.13g/t PGE from 111.62m, including 52.24m at 0.74 per cent nickel, 0.11 per cent copper, 0.01 per cent cobalt and 0.31g/t PGE1 from 241m;

BP21-17
156.25m at 0.5 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.15g/t PGE from 79.75m, including 31.05m at 0.75 per cent nickel, 0.14 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 83.75m;

BP21-31
169m at 0.43 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.15g/t PGE from 62m, including 10.3m at 1.13 per cent nickel, 0.18 per cent copper, 0.02 per cent cobalt and 0.48g/t PGE from 98m; and

BP21-35
52m at 0.79 per cent nickel, 0.1 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 22m, including 30m at 1.1 per cent nickel, 0.14 per cent copper, 0.02 per cent cobalt and 0.41g/t PGE from 40m;

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 company’s ASX announcement.

“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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Genesis Minerals’ Drilling Results Continue to Confirm, Upgrade and Extend Key Ulysses Deposits

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported the latest results to be received from ongoing drilling aimed at growing and upgrading the resource base at the company’s 100 per cent-owned 1.6 million ounces Ulysses gold project in Western Australia.

Genesis Minerals has been conducting RC drilling in the Admiral-Clark-Butterfly mine area targeting extensions to known deposits and to upgrade parts of the Inferred Resources to the higher-confidence Indicated category.

The recent drilling consisted of 43 shallow RC holes in the Admiral-Clark-Butterfly Mine area to extend mineralisation adjacent to known resources.

Drilling achieved shallow gold results, including:

Admiral

21USRC945
23 metres at 1.17 grams per tonne gold from 30m;

Clark

21USRC957
8m at 4.54g/t gold from 91m;

21USRC963
10m at 7.35g/t gold from 27m, including 1m at 66.1g/t gold from 27m;

21USRC961
5m at 1.67g/t gold from 0m; and
7m at 1.86g/t gold from 38m;

Butterfly North

21USRC927
3m at 1.1g/t gold from 8m; and
8m at 1.14g/t gold from 24m.

21USRC931
5m at 2.75g/t gold from 30m;

21USRC935
5m at 4.36g/t gold from 35m;

King

21USRC947
5m at 1.56g/t gold from 34m; and
41m at 1.4g/t gold from 48m.

Other drilling in the Orient well area targeted the margin of the shallow Inferred Resource and to provide an initial test of the area between the Orient Well Resource and the Orient Well East Resource.

The results from this drilling also demonstrated continued potential to substantially expand the Mineral Resource base at Ulysses and identify new mineralised positions.

“Our systematic drilling program is continuing to deliver a large volume of really positive results,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“Recent shallow drilling has focused in the Admiral-Clark-Butterfly mine area to upgrade part of the Inferred Resources, and has been successful in delivering results in line with expectations.

“We have also seen potential new mineralised positions emerge with the significant results at Admiral West and northeast of Orient Well.

“At Admiral West, we have seen high-grade Ulysses-style mineralisation that could represent the start of a new zone that requires follow-up.

“At Orient Well, hole 21USRC906 returned a very encouraging shallow result from very wide-spaced drilling.

“This is an area which also requires a lot more drilling.

“We have just completed a major 8,300 metres RC and diamond program at Puzzle and Puzzle North to follow up the exciting new results reported in recent months, and we are really looking forward to seeing what this area – and recent drilling at Admiral Deeps – can deliver.”

 

 

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Azure Minerals Continues Nickel-Copper Run at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) is reportedly enjoying its current drilling program underway at the company’s Andover project in Western Australia.

Azure Minerals informed the market that the current resource definition drilling program on the VC-07 East nickel-copper sulphide deposit at Andover has continued to intersect substantial visible nickel and copper sulphide mineralisation, including numerous intervals of massive and semi-massive sulphides.

Recent drilling has included 22 new drill holes, achieving intersections of multiple intervals of massive, semi-massive, matrix and heavily disseminated nickel-copper sulphides at VC-07 East.

Intersections include:

ANDD0055
46.2m of nickel-copper sulphides from 528.0m;

ANDD0067
21.8m of nickel-copper sulphides from 404.6m;

ANDD0068
37.6m of nickel-copper sulphides from 313.2m;

ANDD0069
18.7m of nickel-copper sulphides from 360.0m;

ANDD0073
20.1m of nickel-copper sulphides from 298.5m; and

ANDD0076
14.8m of nickel-copper sulphides from 247.6m.

The company claimed pXRF scans of drill core confirmed high grades of nickel and copper in the massive sulphide intersections.

“We’re excited with the ongoing success of our resource definition drilling program which continues to significantly increase the size and scale of VC-07 East, with most holes into and around this deposit intersecting substantial nickel and copper sulphide mineralisation,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Importantly, recent drilling has returned multiple good-looking nickel-copper sulphide intersections in the upper part of the deposit, bringing the nickel-copper sulphide mineralisation to within 50 metres of surface.

“In addition to this near surface mineralisation, drilling continues to expand the deposit down-dip and along strike to the west, with the mineralised system remaining open in these directions.

“The company is also undertaking infill drilling of the deposit to close up the hole spacing and ensure that, when the drill-out is completed, we can deliver a robust maiden mineral resource for Andover’s first nickel-copper sulphide deposit.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Coda Minerals Confirms Bornite Zone at Emmie Bluff Deeps

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THE DRILL SERGEANT: Coda Minerals (ASX: COD), along with Joint Venture partner Torrens Mining (ASX: TRN), reported assays from holes drilled as wedge holes from previously reported drill hole DD21EB0018.

DD21EB0018 was the first hole in the company’s deep IOCG drill program to test the Emmie Bluff Deeps IOCG target, which forms part of Coda’s broader Elizabeth Creek project in the Olympic Copper Province in South Australia.

Assay results from the two wedge holes drilled from DD21EB0018 have confirmed IOCG-style copper-gold mineralisation at Emmie Bluff Deeps:

Wedge 1:

17.1m at 1.2 per cent copper, 0.3 grams per tonne gold, 1.3g/t silver from 824m;

Wedge 2 Upper:

24m at 2.2 per cent copper, 0.3g/t gold, 8.9g/t silver from 815m, including 3m at 4.2 per cent copper, 0.3g/t gold, 10.5g/t silver from 830m; and

Wedge 2 Lower:

12.9m at 3.5 per cent copper, 0.6g/t gold, 25.4g/t silver from 902m, including 3.2m at 4.9 per cent copper, 1.3g/t gold, 41.8g/t silver from 905m, and 2.9m at 4.8 per cent copper, 0.3g/t gold, 33.8g/t silver from 911m.

“These exceptional results further refine and de-risk our exploration program,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“Building on the previously released assays from our first diamond hole, they give us further encouragement that we are closing-in on a large-scale IOCG deposit at Emmie Bluff Deeps.

“Wedge 2, in particular, is significantly more intensely mineralised than the parent hole, validating our exploration model.

“These are also the best-ever assays received from the Emmie Bluff IOCG prospect over many years of drilling by previous explorers.

“Our geological hypothesis is that these wedge holes have intersected more of the ‘apron’ of relatively flat-lying mineralisation that we believe surrounds a sub-vertical mineralising structure located close to DD21EB0018.

“These new assays demonstrate directionality through increasing copper grade and together with recent drilling data, assist in vectoring us toward a main mineralising structure.

“Our job now is to follow that vector with the drill rig and, in conjunction with ongoing geophysical work, to narrow down our target envelope.

“Our goal is to locate what we believe is a large, brecciated structure hosting high grade copper-gold mineralisation across a substantial vertical thickness.

“From that perspective, we are particularly excited by the lower bornite-rich zone encountered in Wedge 2.

“Around 90 vertical metres separates the top of the upper zone and the base of the lower zone in this hole.

“That width provides a strong indication that any mineralising structure that we encounter in the area will be at least that vertically extensive.

“Multiple drilling rigs are operating at Emmie Bluff Deeps, with two new surface drill-holes in progress and already well advanced, we anticipate further news flow over the next two to three weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

Eagle Mountain Identifies New Styles of Alteration and Mineralisation at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) claimed discovery of two separate prospective alteration systems have been discovered at Golden Eagle, part of the company’s Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining explained the two systems are both vastly different to the copper skarn mineralisation at the Oracle Ridge mine two kilometres to the west.

One alteration system includes silica flooding, quartz stockwork veining and pyritization along a major fault system; measuring 1 kilometre by 0.3 kilometres and remains open in three directions.

Gold samples up to 10.45 grams per tonne gold are part of the second alteration system that sits along a 1.5-kilometre-long magnetic high anomaly.

“These two new systems have the potential to dramatically alter the scope of any future mining operation, along with the addition of further copper skarn mineralisation at OREX,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are all very excited by the recent results at Golden Eagle and initial drilling has already commenced on these two systems.

“Resource extension drilling at the Oracle Ridge mine to enlarge and improve the current JORC resource continues and remains a priority focus for us.

“Recent mapping and sampling…has identified extensive alteration zones, which combined with structural complexity and several high-grade gold samples demonstrate the potential of the Golden Eagle project.

“These are all favourable ingredients for a potential mineralised system at depth.

“This area has had a history of small-scale historical mining, predominantly gold but also some copper.

“Golden Eagle showed great potential, so we wasted no time: additional claims have been staked to secure our land position over prospective areas and a rig has been drilling on our patented claims since July.”

 

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Kalamazoo Resources Progressing WA Lithium Projects

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THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) reported on recent lithium exploration progress at the company’s DOM’s Hill and Marble Bar projects in the East Pilbara region of Wetsern Australia.

Kalamazoo Resources has identified priority target areas for potential lithium-caesium-tantalum (LCT) pegmatite mineralisation via portable XRF (pXRF) analyses of historical broad-spaced geochemical soil samples.

These were collected within E45/5146, which is the first of seven tenements that make up the 122 square kilometres DOM’s Hill project.

Kalamazoo indicated these new priority target areas will be subject to upcoming in-fill soil sampling and field validation campaigns.

This will be complemented by newly acquired project-wide high-resolution satellite imagery that has further identified sparsely outcropping pegmatites.

A project wide geochemical soil sampling program (~4,600 samples) is scheduled to commence mid-October 2021.

A technical review undertaken of Kalamazoo’s Marble Bar tenements (E45/4700 and application E45/5970), located 20kms to the south-east of Marble Bar in the East Pilbara of WA has also revealed lithium exploration potential.

Kalamazoo’s Marble Bar tenements are located immediately to the south of Global Lithiums’ (ASX: GL1) 10.5 million tonnes at 1 per cent lithium Archer deposit on the prospective margin of the Moolyella tin and tantalum alluvial field and contains known mapped pegmatites and lithium occurrences.

“Our exploration team has done a terrific job in such a short period of time to advance the lithium exploration potential in the Pilbara, not just at DOM’s Hill but at our nearby Marble Bar project,” Kalamazoo Resources director Paul Adams said in the company’s ASX announcement.

“Our previous exploration on these projects has been primarily focused on gold.

“To now be presented with the opportunity to investigate the project’s exciting lithium potential in one of the world’s major lithium provinces is a fantastic free kick for us.

“These project areas will now be subject by Kalamazoo to an immediate, systematic and well-funded exploration program, to which we look forward to keeping the market informed as we progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@kzr.com.au

 

Web: www.kzr.com.au

 

Venture Minerals Books Sea Journey for Riley Mine Iron Ore

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THE BOURSE WHISPERER: Venture Minerals (ASX: VMS) has booked passage for the company’s first iron ore shipment from its Riley iron ore mine in Tasmania for early September.

Venture Minerals made the announcement on the back of commissioning of the Wet Screening Plant at the Riley iron ore mine having been completed with the Wet Screening Plant now fully installed and fully operational.

Due to the completion, 24-hour processing is now underway, with Venture achieving Stage One of steady state production.

Completion of commissioning of the Wet Screening Plant has also enabled continuous ore haulage from the Riley mine to the Port of Burnie where it is waiting to be loaded once the bulk carrier vessel with a capacity of 46,000 tonnes arrives.

The vessel is scheduled to be loaded over four days before departing to the discharge port as designated by the company’s off-take partner, Prosperity Steel, one of the largest iron ore traders in the world.

“Through the now completed commissioning of the plant, Venture already has a significant stockpile of iron ore ready to ship,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“The achievement of steady state production and consequently continuous ore haulage has enabled the company to immediately charter a bulk carrier vessel to load and deliver the first shipment.

“This marks a major milestone for Venture as it transitions from a highly successful explorer to producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Balkan Mining and Minerals Seeks Serbian Lithium

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COMMODITY CAPERS: Balkan Mining and Minerals (ASX: BMM) is eager to demonstrate to the investment community that not all lithium deposits are found in Western Australia.

Balkan Mining listed in July spouting exploration intentions focused on the early-stage exploration through to development of borate and associated lithium in the Balkans.

The company’s projects comprise the Rekovac, Dobrinja and Pranjani lithium-borate projects, all of which are located within the Republic of Serbia.

Soon after listing, Balkan commenced its 2021 exploration season at its Rekovac lithium–borate project, located in the Vardar Zone of Serbia.

The field season will involve detailed LithoFacies mapping of the license area, measuring magnetic susceptibility and bulk density over the length of the Rekovac diamond drill core.

Other work is to include detailed geophysics including gravity and ground magnetic surveying.

The company considers the mapping program important to providing greater understanding of lateral extensions that were previously identified, the permissive lacustrine boratiferous sequences and the closely demarcate areas with evaporate occurrences at surface.

These results will be used to guide in the effective selection of drilling locations.

In conjunction with the mapping program, Balkan is undertaking measurement of magnetic susceptibility and bulk density over the existing drill core.

This data will be used to facilitate the precise interpretation of the geophysical survey, which is planned to commence in the first week of September 2021.

Once contract terms are finalised, Balkan anticipates commencing its drilling campaign, which is planned for late September 2021.

“Following our successful listing the Balkan team has wasted no time in commencing exploration work on our Serbian lithium-borate projects,” Balkan Mining and Minerals managing director Ross Cotton said.

“Serbia is an exciting location for mineral exploration which has been demonstrated by the significant investment from a number of the world’s leading mining groups.

“Previous drilling conducted by Jadar Resources Limited has provided a valuable starting point for our exploration activities, it’s now a matter of building on this foundation to identify targets for higher-grade zones of mineralisation.

“We are committed to building strong local relationships and we have continued to bolster our in-country team who share our vision of creating shareholder value through co-operation, commitment and hard work.”

 

 

 

Email: info@balkinmin.com

 

Web: www.balkinmin.com