Rox Resources Continues High-Grade Youanmi Gold Hits

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) provided an update on continuing drilling underway at the company’s Youanmi gold project near Mt Magnet in Western Australia, a joint venture with Venus Metals Corporation Limited (ASX: VMC).

Rox Resources reported assay results for four RC holes and two diamond holes from the current drilling program at Youanmi, drilled during May after a global Resource upgrade at Youanmi to 1.7 million ounces at 2.85 grams per tonne gold in June.

Results are pending for 14 RC and 14 diamond holes with drilling ongoing.

Highlights from latest results include:

RXRC402
17 metres at 5.14 grams per tonne gold from 151m, including 11m at 7g/t gold from 156m (Link)

RXRC396
9m at 4.57g/t gold from 148m (Junction)

RXRC397
2m at 10.02g/t gold from 268m (Youanmi South)

In conjunction with the high-grade intersection in RXRC402, assays were also received from two diamond extensional holes drilled at the Link deposit.

The results sit outside the current resource and demonstrate continuity of high-grade mineralisation at depth, including:

RXDD011
6.53m at 2.42g/t gold from 288m, including 1.71m at 6g/t gold from 289.2m and 3m at 3.47g/t gold from 309m.

RXDD012
2.03m at 7.18g/t gold from 450.15m.

Parallel hanging wall lodes above this returned 3.8m at 2.4g/t gold from 432.2m and 1.28m at 2.71g/t gold from 406.72m.

“We are very pleased to announce ongoing successful drilling results,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“These high-grade results at Link will contribute to resource growth at Youanmi.

“They transform an area at relevant mining depths that were previously modelled as low grade into a priority zone for adding ounces.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Auroch Minerals Defines Leinster Nickel Targets

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) reported receiving assays for RC and diamond drilling completed on the Woodwind, Firefly and Brass prospects at the company’s Leinster nickel project in Western Australia.

Auroch took receipt of the assay results for nine RC drill-holes and one diamond drill-hole drilled as part of a 14 – hole regional drill program designed to test the Woodwind, Percussion, Brass and Firefly prospects.

The company has previously interpreted these prospects to contain the same ultramafic stratigraphy that hosts the known shallow high-grade nickel sulphide mineralisation at the Horn prospect located directly along strike to the south, making these prospects high-priority drill targets.

Results from the latest assay batch include:

WDRC001
8 metres at 0.45 per cent nickel from 19m;

WDRC004
5m at 0.3 per cent nickel from 66m and 4m at 0.3 per cent nickel from 80m;

WDRC005
7m at 0.4 per cent nickel from 52m;

WDRC007
2m at 0.5 per cent nickel from 30m;

WDRC008
1m at 0.56 per cent nickel from 159m;

FFRC004
1m at 0.45 per cent nickel from 41m; and

HNDD011
4m at 0.30 per cent nickel from 251m.

DHEM surveys have now been completed on all drill-holes, identifying two conductive targets from drill-holes at the Woodwind and Brass prospects.

At Woodwind, an off-hole conductor was detected southeast of, and below, WDRC007.

At the Brass Prospect, a thin intersection of disseminated nickel sulphides in WDRC008 occurs on the prospective ultramafic–basalt lithological contact and is located above an off-hole DHEM conductor.

“This new round of assay results from the recent drilling at the Leinster project further highlights the high prospectivity of the recently-identified trend of fertile ultramafics to the north of the known shallow high-grade nickel sulphide mineralisation at the Horn prospect, and justify follow-up exploration efforts as we attempt to vector in on potential new discoveries of significant nickel sulphide mineralisation,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The two DHEM conductors identified by the first phase of drilling provide high-priority walk-up drill targets that we will test with our next drilling campaign at Leinster planned for later this quarter.

“In addition to our evolving exploration programmes and targets at Leinster, we are looking forward to commencing the high impact Nepean Deeps diamond drill program this week at our Nepean nickel project, which aims to test for possible extensions to the known high-grade nickel sulphide mineralisation below the historic mine workings.

“We are also looking to finalise access and approvals for RC drilling at the priority Ragless Range zinc target at the Arden project in South Australia.

“With major drill programs and ongoing exploration over multiple projects scheduled for the next few months, it is an exciting time for the company and its shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Red 5 Hits KOTH Halfway Mark

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) informed the market of progress eing made at the company’s King of the Hills (KOTH) gold project in Western Australia.

Red 5 reported that development of 2.4 million ounces, 16-year Life-Of-Mine KOTH project has now passed the 50 per cent project completion milestone and is currently progressing on schedule for first gold in the June Quarter 2022 and remains within budget.

“It’s great to see our new state-of-the-art King of the Hills project now really beginning to take shape…rapidly expanding footprint of the site,” Red 5 managing director Mark Williams said in the company’s ASX announcement.

“Construction of the CIL tanks is well advanced, with all eight tanks at full height.

“All steelwork and platework for the process plant has been awarded for fabrication and, remarkably, nearly 80 per cent of this steelwork is already on site together with many key components for the SAG mill.

“The mill installation crews are now on site and have started preparing the mill sole plates for installation.

“It’s very pleasing to have passed the 50 per cent project completion milestone and EPC contractor MACA Interquip continues to perform strongly.

“The countdown is now well and truly on towards project commissioning and first gold from Australia’s next major gold mine in the June Quarter 2022.

“Despite the challenging environment for people, equipment and services across the WA mining industry, King of the Hills remains within budget and on schedule, which is a credit to the diligence, hard work and focus of our team.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@red5limited.com

 

Web: www.red5limited.com

 

Firefinch Hits Further High-Grade Viper Deposit Gold

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THE DRILL SERGEANT: Firefinch Limited (ASX: FFX) released further high-grade results from ongoing drilling at the Viper deposit, part of the company’s 80 per cent-owned Morila gold project in Mali.

Firefinch received the results just as mining operations commenced at Viper following fast track of pre-mining activities including grade control drilling, site clearing and topsoil removal.

Initial mining at Viper is slated to provide oxide feed to the Morila plant, increasing the ore types available for blending and processing.

High-grade results from infill and extensional RC drilling at Viper include:

VIPRC141
9 metres at 15.1 grams per tonne gold from 40m, including 1m at 98.7g/t gold;

VIPRC155
5m at 11.7g/t gold from 108m;

VIPRC146
18m at 2.96g/t gold from 54m, including 3m at 10.6g/t gold;

VIPRC156
2m at 12.5g/t gold from 70m; and

VIPRC142
4m at 6.36g/t gold from 81m.

“We continue to generate excellent results from drilling the Viper system, which have enabled better definition of the deposit’s higher-grade zones,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“Clearly these zones are key to mining and the next step is the commencement of mining operations in the southern part of the deposit.

“Importantly, Viper will add oxide ore to complement the Morila Pit 5 mining operations.

“Plans are in place to expedite mining and haulage of this ore to be part of the plant feed from mid-September and increase near-term gold production.

“The fast-tracking of Viper is another example of the effort our on-site team has put in to delivering the ramp-up plan at Morila.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com.au

 

Web: www.firefinchltd.com.au

 

Alchemy Resources Resplits Confirm Karonie High-Grades

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) reported on recent drilling results received from the company’s 100 per cent-owned Karonie gold project in Western Australia.

Alchemy Resources received composite samples from a Phase 1 Reverse Circulation (RC) drill program at the KZ5, Taupo and Parmelia prospects that have been resampled on one-metre intervals, highlighting high-grade zones.

Alchemy carried out the Phase 1 drill program at Karonie to focussed on infilling and extending shallow zones of mineralisation at Parmelia, Taupo and KZ5.

Anomalous intercepts were returned from most holes with 1m resamples confirming previous 4m composite samples, giving better granularity on grades and widths.

One metre resamples from the Karonie Phase 1 drill program returned results including:

KZ5

KZRC104
1m at 15.3 grams per tonne gold from 57m;

KZRC103
10m at 1.54g/t gold (25m) in including 1m at 4.52g/t gold (24m) and 4m at 1.98g/t gold (30m); and

KZRC107
3m at 1.45g/t gold (97m).

Taupo

TARC010
1m at 4.02g/t gold within 3m at 1.78g/t gold (106m); and

TARC014
1m at 3.41g/t gold (49m) within 3m at 1.58g/t gold (49m).

“Drilling at Karonie has highlighted the significant potential of the KZ5 and Taupo prospects with good grades and widths that occur close to surface,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“The one-metre resampling has returned some exceptional grades, including 1m at 15.3 grams per tonne gold, which is an exciting development and the highest-grade intercept ever returned at KZ5.

“Clearly more drilling is required to define the strike and depth of mineralisation in these areas, and planning is already underway for follow-up drilling.

“With re-sampling now complete, we have commenced 3-D modelling, with a view to potentially calculating a maiden resource at Karonie in the 2HCY21.”

 

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Blackstone Minerals Advances to Pilot Plant and Ta Khoa Refinery DFS

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THE DRILL SERGEANT: There was considerable activity at the Blackstone Minerals (ASX: BSX) exhibition booth at the 2021 Diggers & Dealers Forum in Kalgoorlie after the company announced it is set to commence the first phase of pilot plant work and a Definitive Feasibility Study (DFS) for the Ta Khoa Refinery (TKR) in northern Vietnam.

The decision to proceed with the DFS comes on the back of the company’s recent Ta Khoa Refinery Pre-Feasibility Study.

The first phase of piloting will be designed to process 20 kilograms per hour of nickel concentrate feed and will produce approximately 1.75kg per hour of nickel in nickel:cobalt:manganese (NCM) products.

“The Board’s endorsement of the recent PFS milestone has been rapidly followed by approval of the first phase of piloting and the Ta Khoa Refinery DFS,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The pilot plant process is an opportunity for Blackstone to optimise, with respect to quantity and quality, recent successful outcomes which include the production of its first battery grade NCM811 Precursor sample.

“The company is acutely aware of its first mover advantage and importantly, will be able to deploy its current balance sheet to continue to fast track the next important stages towards commercialisation of the Ta Khoa Refinery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Bellevue Gold Drills Potential Beyond Feasibility Study

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THE DRILL SERGEANT: As Bellevue Gold (ASX: BGL) managing director Steve Parsons was striding towards the podium for his address at the 2021 Diggers & Dealers forum in Kalgoorlie, the company released high-grade infill and extensional drilling results from its eponymous gold project.

Bellevue Gold recently released a global Resource upgrade of 3 million ounces at 9.9 grams per tonne gold, including 1.4 million ounces at 11g/t gold of Indicated Resources, which the company expects to form the basis of the Stage 2 Feasibility Study scheduled for release in coming weeks.

Bellevue said the latest drilling highlighted potential to increase the Resource and mine life at the project beyond the imminent Stage 2 Feasibility Study.

The results come from infill and extension drilling and sit outside the current Resource/Reserve model.

They include intersections from the Armand Lode, which is not included in the current Resource and outside of the Stage 2 Feasibility Study.

Drilling continues from surface with recent results including:

DRDD720W1
7.5m at 53.3g/t gold from 348.2m, including 4.1m at 91.6g/t gold from 348.2m;

DRDD561
2.0m at 21.5g/t gold from 363.6m; and

DRDD573
2.5m at 20.2g/t gold from 458.2m and 4.5m at 3.8g/t gold from 473.5m.

Further grade control drilling on the Tribune lode returned strong results, including:

DRRC516
8m at 21.4g/t gold from 122m;

DRRC497
2m at 48.5g/t gold from 104m;

DRRC490
2m at 37.1g/t gold from 51m;

DRRC473
5m at 14.0g/t gold from 79m;

DRDD713
3.5m at 15.8g/t gold from 109.3m;

DRRC486
12m at 4.5g/t gold from 80m;

DRDD706A
2.2m at 23.4g/t gold from 150.8m;

DRRC511
4m at 12.9g/t gold from 101m; and

DRDD702
3.6m at 13.6g/t gold from 88m.

“These results show that Bellevue is still very much a come-growth stock,” Bellevue Gold managing director Steve Parsons said in the company’s ASX announcement.

“The upcoming Stage 2 Feasibility Study is designed to demonstrate that Bellevue can generate further increases in forecast production and cashflow.

“We will aim to achieve this by increasing the processing capacity by 33 per cent to one million tonnes per annum and including the recently released 1.4 million ounces at 11 grams per tonne gold Indicated Resource.

“At the same time, we aim to create further value for shareholders by growing the total Resource and mine life.

“These latest results, which are expected to form part of a Resource update to be published after the Stage 2 Feasibility Study, show that this strategy is well on track.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investors@bellevuegold.com.au

 

Web: www.bellevuegold.com.au

 

Miramar Resources Drills Growth at Marylebone Target

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) greeted day one of the Diggers 7 Dealer forum in Kalgoorlie with an announcement of recent aircore drilling results have substantially increased the footprint of the Marylebone prospect at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources released the new results from Marylebone, which included multiple holes with 4m composite samples over one gram per tonne gold that have extended the Marylebone target by approximately 800 metres to the northwest.

The new results have taken the total strike length of the Marylebone prospect to almost two kilometres, however the prospect remains open along strike to the northwest and southeast within Miramar’s existing tenement applications and is virtually untested at depth below about 60m.

New aircore results include:

GJAC303
3m at 1 grams per tonne gold from 52m to EOH;

GJAC304
4m at 1.22g/t gold from 48m;

GJAC310
4m at 1.46g/t gold from 40m;

GJAC315
4m at 1.47g/t gold from 44m;

GJAC318
4m at 1.02g/t gold from 52m;

GJAC328
4m at 1.4g/t gold from 52m; and

GJAC341
4m at 1.33g/t gold from 52m.

“Our systematic aircore drilling continues to grow Marylebone, with the footprint now stretching over almost two kilometres and the tenor of the results apparently increasing towards the northwest,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The new results are associated with NW trending mafic and/or ultramafic units within the Boorara Shear Zone crosscut by N-S trending structures which is similar to that seen at Paddington.

“The significant gold results occur at the top of weathered mafic/ultramafic basement rocks and are associated with anomalous Ag indicating a probable association with bedrock gold mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Horizon Minerals Encounters High-Grade Gold at Kestrel Prospect

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) greeted the day one crowd of the annual Diggers & Dealers forum in Kalgoorlie by announcing drilling results from the company’s 100 per cent-owned Kestrel discovery.

Kestrel is part of Horizon Minerals’ Binduli gold project area, located 13 kilometres northwest of Kalgoorlie – Boulder in the heart of the Western Australian goldfields.

The recent drilling was part of Horizon’s CY21 program testing high priority project generation and new discovery targets across the company’s landholding portfolio.

The drilling program comprised 15 RC holes at the emerging Kestrel prospect with assay results pending for 8 holes, including repeat assays due to high levels of nuggety gold panned from samples.

Thick zones of shallow and high-grade gold mineralisation were intercepted with one-metre split assay results received to date including:

KRC21002
18 metres at 4.64 grams per tonne gold from 49m, including 1m at 56.65g/t gold from 64m and 5m at 5.22g/t gold from 94m, including 1m at 18.91g/t gold from 97m; and

KRC21007
15m at 4.66g/t gold from 84m, including both 1m at 21.69g/t gold from 84m and 1m at 18.5g/t gold from 98m.

“These initial drilling results at Kestrel are stunning,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“With high-grade and near surface mineralisation open along strike and relatively untested at depth, we are eager to commence a dedicated 10,000 metres RC and diamond program in the current September Quarter.

“The drilling program will comprise step out and depth extension drilling to 250 metres depth at Kestrel and will test a number of additional high priority targets along the 10 kilometres Janet Ivy shear.

“Binduli already hosts the advanced Crake and Coote projects, seven kilometres to the south and we see potential for this emerging gold field, which is only 13 kilometres northwest of Kalgoorlie, to grow in scale and become a significant contributor to the longer-term production profile.

“Further drilling results are pending for eight holes, and we are excited to commence the 10,000 metres large-scale follow up drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

 

Encounter Resources to Spinout West Tanami Gold Assets

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THE BOURSE WHSIPERER: Encounter Resources (ASX: ENR) informed the market of its intention to demerge its wholly owned subsidiary, Hamelin Gold Limited.

As a result, Hamelin will hold the West Tanami gold project, on the back of which it will undertake an IPO and apply for listing on the ASX.

“With the rapid expansion of Encounter’s copper portfolio, including the major ground acquisitions in the NT and the recent farm-in agreement decision by BHP, we believe that the time is right to demerge our highly prospective West Tanami gold assets,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“Importantly, our shareholders will continue to participate in Hamelin via a pro rata in-specie distribution.

“Given the quality of the exploration opportunities within the West Tanami, Hamelin provides an attractive exposure for investors to the systematic modern exploration of this exciting and underexplored belt scale gold project.

“We also believe Hamelin will attract stronger investor attention and valuation in a standalone entity, while allowing Encounter to maintain its focus on its growing copper portfolio in the Paterson Province in WA, the Greater McArthur Superbasin in the NT and the West Arunta region of WA.”

 

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au