Dreadnought Resources hits Mineralisation in Multiple Tarrji-Yampi Targets

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported completion of a RC drilling program at the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources drilled 18 RC holes across the Chianti, Fuso, Paul’s Find, Grant’s Find and Orion targets, encountering mineralisation and/or alteration across most.

The drilling returned several intercepts, including thick chalcopyrite rich massive and semi-massive sulphides in the first hole ever drilled into Orion.

The results included:

13 metres of massive to semi-massive sulphides intersected at Orion containing around 5 to 20 per cent chalcopyrite (copper sulphide); and

5m of chalcopyrite-rich quartz veining (around 10 to 30 per cent chalcopyrite) at Grant’s Find.

“Intersecting massive copper bearing sulphide in the first hole drilled at Orion is a watershed moment for the Tarraji-Yampi project,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Furthermore, significant mineralisation and/or alteration was intersected at Grant’s Find, Fuso, Paul’s Find and Chianti with a number of targets still to be tested and new targets emerging.

“We have rushed assays and expedited downhole and surface geophysical surveys to assist with prioritising follow up drilling.

“Our obvious priorities are Orion and Grant’s Find with other priorities to be set as further information is forthcoming.

“We look forward to returning in September 2021 with follow-up RC drilling and to completing the diamond program at Texas in the meantime.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresource.com.au

 

Web: www.dreadnoughtresources.com.au

 

Global Lithium Confirms Marble Bar Lithium Mineralisation

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported lithium assays from a recently completed RC drilling program at the company’s wholly owned Marble Bar lithium project (MBLP), located southeast of Port Hedland, in the Pilbara region of Western Australia.

Results include the widest mineralised interval intersected to date that was drilled outside the current Archer mineral resource envelope including:

MBRC0135
28 metres at 1.51 per cent lithium oxide (Li2O) and 46ppm tantalum pentoxide (Ta2O5) from 69m (down hole length, true width not known); and

9m at 1.11 per cent Li2O and 42ppm Ta2O5 from 108m (down hole length, true width not known).

“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 in the company’s ASX announcement.

“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.

“It is an exciting time for the company to be discovering new lithium prospects and expanding its landholding within a global economy that is seeing lithium supply shortages as car manufacturers ramp up production of electric vehicles.

“We have commenced targeting, planning and approvals processes for our proposed CY4Q RC drilling campaign.”

A total of 34 RC holes were drilled at the MBLP on E45/4309, and two holes were drilled on E45/4361 to test gold targets in the north.

Assays have now been received for all lithium targeted holes on E45/4309, while the company awaits assay results for gold samples which are being processed at a laboratory in Perth.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@globalithium.com.au

 

Web: www.globallithium.com.au

 

Coda Minerals Validates IOCG Mineralisation at Emmie Bluff Deeps

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported assays from the first hole at Emmie Bluff Deeps IOCG target within the company’s Elizabeth Creek Joint Venture project in South Australia with Torrens Mining Limited (ASX: TRN).

Coda received assays from the first drill-hole in its deep IOCG drill program at Emmie Bluff Deeps that have confirmed IOCG-style copper-gold mineralisation at Emmie Bluff Deeps, with multiple zones intersected.

Results include:

DD21EB0018

4.69m at 1.01 per cent copper, 0.17 grams per tonne gold and 3.6g/t silver from 797.45m down-hole;
28.14m at 1.21 per cent copper, 0.37g/t gold and 2.3g/t silver from 810.79m down-hole, including 4.83m at 2.16 per cent copper, 0.63g/t gold and 4.3g/t silver from 816.8m; and
2.57m at 2.11 per cent copper, 0.30g/t gold and 13.2g/t silver from 842.03m down-hole, including 1.45m at 3.44 per cent copper, 0.42g/t gold and 22.1g/t silver from 842.77m.

“These results provide the first quantitative evidence of IOCG copper-gold mineralisation at Emmie Bluff Deeps,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“These assays are consistent with what we would expect from chalcopyrite zones within a broader IOCG system.

“They also represent the best intersections yet known from the Emmie Bluff Deeps prospect, including across many years of exploration by earlier companies.

“Together, they significantly increase our confidence in the project and further de-risk the potential opportunity from Emmie Bluff Deeps.

“In terms of grade and thickness, the assays have come in well within the range that we were expecting based on our visual observations.

“The chalcocite and bornite zones have yielded strong grades, and we expect to see more of this sort of higher-grade mineralisation in the wedge holes to the east.

“Together with visual observations of the recently drilled wedge holes, this represents further validation of our exploration model and our interpretation of the local geology.

“Our interpretation suggests that this hole was drilled immediately to the west of a major mineralising structure and has most likely intersected a broad and relatively flat-lying ‘apron’ of mineralisation which surrounds it.

“An accelerated and aggressive exploration program is underway, focused on the area of highest prospectivity to the east and north-east of DD21EB0018 and, all going well, will confirm our hypothesis with results expected in the weeks ahead.”

 

 

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

 

Horizon Minerals Drills Kalpini Underground Potential

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported Reverse Circulation and diamond drilling results from the company’s 100 per cent-owned Kalpini gold project area, located 50 kilometres northeast of Boorara in the Western Australian goldfields.

Drilling undertaken by Horizon in 2021 totalled 49 RC holes and 3 diamond holes to a maximum depth of 240m infilling for improved confidence and testing extensions.

Results including composite assays include:

KPRC21049
12 metres at 5.57 grams per tonne gold from 203m, including 2m at 12.92g/t Au from 211m;

KPRC21030
5m at 10.21g/t gold from 70m including 1m at 28.83g/t gold from 72m;

KPRC21034
7m at 6.01g/t gold from 91m including 1m at 22.04g/t gold from 93m;

KPRC21047
1m at 41.53g/t gold from 195m;

KPRC21021
6m at 4.45g/t gold from 90m including 1m at 10.24g/t gold from 92m;

KPDD21033
1.5m at 20.74g/t gold from 99.5m including 0.5m at 54.25g/t gold from 99.5m; and

KPRC21023
5m at 3.97g/t gold from 3m including 1m at 11.04g/t gold from 6m.

“The first drilling program we have completed has delivered excellent results confirming the potential for further open pit stages and significant upside at depth for potential underground development,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to completing the updated MRE and advancing the project as part of the consolidated Feasibility Study.”

Horizon indicated it is now compiling all the drilling data to generate an updated JORC 2012-compliant Mineral Resource estimate with completion expected early in the December Quarter 2021.

Kalpini joins Boorara, Binduli, Cannon, Rose Hill and Teal as core projects Horizon has under assessment as part of the consolidated Feasibility Study.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

IGO Limited to Acquire Creasy Group Nickel Project

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THE BOURSE WHISPERER: Incomparable prospector Mark Creasy raised funds for his Diggers & Dealers ticket by selling IGO Limited (ASX: IGO) 100 per cent of the Silver Knight nickel-copper-cobalt sulphide deposit.

IGO informed the market it has entered into a binding agreement with entities owned and controlled by Mark Creasy to acquire the Silver Knight nickel-copper-cobalt sulphide deposit, and subsequently form a Joint Venture with Creasy Group (IGO 65%: Creasy Group 35%) over a portfolio of exploration tenements around Silver Knight, for a total cash consideration of $45 million.

Silver Knight was discovered by Creasy Group in 2015 and is located 35km north-east of and within trucking distance of IGO’s Nova Operation.

In 2018, Creasy Group estimated an open pit JORC Mineral Resource Estimate for Silver Knight which was the basis for a Mining Lease application.

IGO has a planned work program to progress infill drilling at Silver Knight once the transaction is finalised, as well as progressing regulatory approvals and a Native Title mining agreement.

IGO will continue the exploration of the new JV tenements around Silver Knight, which it considers to be prospective for the discovery of Nova-style magmatic nickel-copper-cobalt sulphide deposits.

“The Silver Knight discovery not only validated the potential for the Fraser Range to host multiple commercial nickel-copper sulphide deposits but also provides a secondary source of feed for the Nova processing plant,” IGO managing director and CEO Peter Bradford said in the company’s ASX announcement.

“Our aim is to fast track the detailed assessment and permitting of Silver Knight in order to commence first pre-mining activity on the site by 2023.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: contact@igo.com.au

 

Web: www.igo.com.au

 

 

Trigg Mining Releases Maiden Indicated Resource for Lake Throssell Sulphate of Potash Project

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THE DRILL SERGEANT: Trigg Mining released a maiden Indicated Resource for the company’s Lake Throssell sulphate of potash project in Western Australia.

Trigg Mining has estimated a Drainable Indicated Mineral Resource of 1.9 million tonnes sulphate of potash (SOP) at 4,985mg/L potassium (or 11.1kg/m3 potassium sulphate (K2SO4)).

The Mineral Resource Estimate (MRE) was based on results of recent trench pump trials of the surficial aquifer resource the company announced to the ASX in July 2021.

As a result of this MRE upgrade, 13 per cent of the previously announced total MRE of 14.3 million tonnes of drainable SOP at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4) is now in the higher-confidence Indicated category and available for conversion to Ore Reserves.

“This is another great result by our team, which puts Trigg Mining front and centre of the new-generation SOP industry in Western Australia,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“Having delivered our maiden Inferred Resources just over two months ago, we have moved rapidly to estimate a high-quality Indicated Resource that will provide the basis for the initial payback period to underpin the Scoping Study that is currently underway and due for completion later this quarter.

“In addition to improving our confidence in the current Mineral Resource, we have also demonstrated continued upside potential with an updated Exploration Target of 2.6 to 9.4 million tonnes of SOP, encompassing tenements to the north and south which are awaiting grant.

“We expect to convert additional tonnes to Indicated status next year as we progress work on the deeper portions of the resource and further expand our overall inventory with further drilling.

“However, having a maiden Indicated Resource allows us to progress our economic evaluation of Lake Throssell to the next stage, and commence initial discussions with potential off-takers and financiers.

“Together with our Lake Rason project, we now have a high degree of confidence that we have a large and potential multi-decade, long life potash project in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

Stavely Minerals Achieves More High-Grade Copper-Gold-Silver Intercepts

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported further results from ongoing resource drilling underway within the high-grade Cayley Lode discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely received the assay results from diamond drill holes completed prior to the winter rains to fill gaps in the drilling for the maiden Mineral Resource Estimate, expected to be completed towards the end of the year.

These included:

SMD156 that intersected the Cayley Lode in a position above the Low-angle structure, returning:

22.8 metres at 2.27 per cent copper, 0.38 grams per tonne gold and 19g/t silver from 247m, including 3m at 6.86 per cent copper, 1g/t gold and 11g/t silver, and 4.7m at 4.07 per cent copper, 0.78g/t gold and 77g/t silver.

Drill hole SMD156W1 was drilled as a wedge hole to SMD156, which had an interval of lost core in the Cayley Lode mineralisation, intersecting:

23.1m at 1.67 per cent copper, 0.25g/t gold and 19g/t silver from 246.9m down-hole, including 3.1m at 6.21 per cent copper, 0.69g/t gold and 77g/t silver.

Stavely has an intensive resource drill-out continuing with the focus on extending the deposit to the south-east and at depth within the (now) overall 1.5 kilometres-long discovery zone, with in-fill and step-out drilling continuing based on a roughly 40m by 40m drilling grid.

The Mineral Resource drill-out is well advanced and continues to generate impressive results, which have extended the Cayley Lode mineralisation.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

 

Hammer Metals Intersects Copper and Gold at Neptune and Kings-Charlotte

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) recently completed a drilling program at the company’s Mount Isa project.

The RC drill program tested several high-priority, 100 per cent-owned Hammer targets whilst also completing further drilling at the Mount Isa east JOGMEC Joint Venture, Trafalgar copper gold discovery.

Copper and gold mineralisation was confirmed at Hammer’s 100 per cent-owned Neptune prospect with results of:

HMLRRC002
100 metres at 0.48 per cent copper and 0.18 grams per tonne gold from 173m, including 3m at 2.23 per cent copper, 0.2g/t gold from 185m, 3m at 3.09 per cent copper and 1.4g/t gold from 198m and 5m at 2.21 per cent copper and 0.37g/t gold from 234m; and

HMLRRC003
66m at 0.32 per cent copper and 0.07g/t gold from 33m, including 2m at 1.92 per cent copper and 0.42g/t gold from 33m.

Copper, gold and cobalt mineralisation was identified at Kings-Charlotte prospects in the Malbon region, returning results of:

HMAKRC004
3m at 3.89 per cent copper and 0.56g/t gold from 18m, including o 1m at 10.12 per cent copper and 1.52g/t gold; and

HMAKRC005
10m at 0.58 per cent copper and 0.12 per cent cobalt from 19m and 1m at 1.59 per cent copper from 36m.

“The continued successful delineation of copper and gold mineralisation at different prospects throughout the Hammer portfolio highlights the copper endowment within the Mount Isa district,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Hammer will look to build upon these initial drill results at the Neptune and Kings-Charlotte prospects with follow up drilling to be undertaken in the second half of this year.

“The Neptune area which is in the immediate vicinity of the Trafalgar trend is encouraging as Hammer looks to build upon our mineral inventory in the region.

“The exceptional rock chip gold result at Kalman West is a subtle reminder of the gold potential in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Corazon Mining to Acquire WA Nickel Project

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THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has picked up an exclusive option to acquire the Miriam nickel project in the Goldfields of Western Australia.

Corazon Mining believes the acquisition of the Miriam project will complement the company’s core asset, being the more advanced Lynn Lake nickel-copper-cobalt sulphide project in Canada.

The Miriam project is a prospective nickel exploration project hosting the Miriam nickel deposit, where historic drilling intersected high nickel tenor massive and disseminated sulphides.

Initial defining drill intercepts for the Miriam deposit included:

9.6 metres at 5.6 per cent nickel;
12.5m at 0.56 per cent nickel;
3.2m at 2.59 per cent nickel;
0.9m at 5.57 per cent nickel; and
6.1m at 0.9 per cent nickel.

The company sees the Miriam project acquisition as a strategic opportunity to expand its portfolio of nickel sulphide assets and add to its nickel inventory, in a rapidly increasing global market appetite for quality Class-1 nickel, driven by the rising demand from the rechargeable battery sector.

“The Miriam project presents an opportunity to strategically add to our nickel project portfolio and provide a new exploration asset to complement our quality nickel sulphide project at Lynn Lake in Canada,” Corazon Mining chairman Terry Streeter said in the company’s ASX announcement.

“What attracted us to Miriam is the amount of sulphide that has been identified on that trend from the historical, widely spaced exploration drilling.

“There is a lot of smoke, and we believe, that with modern high-powered geophysics, there is a good opportunity to better define nickel sulphide concentrations along strike or down-dip from the defined prospects.

“The Miriam project exhibits a high-nickel content in the nickel sulphides intersected in previous drilling.

“There are multiple channel sequences that have potential to host nickel sulphide, along with broad zones of cloud sulphide within the ultramafics drilled along strike to the north and south.

“We are currently undertaking project due diligence and once its completed, we will advise of the outcome.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Blackstone Minerals PFS Boosts Downstream Refinery Ambitions

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THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) released the results of a Pre-Feasibility Study (PFS) for the development of a Downstream Refinery at the company’s Ta Khoa Refinery project in Northern Vietnam.

The PFS emphasises the competitive advantages of nickel sulphide projects and adding value via an integrated downstream processing strategy.

In doing so, the PFS demonstrates that a very low capital intensity is required for the TKR to produce Class I nickel at a scale that would make Blackstone a producer on a global scale.

The PFS considers a refinery design to process up to 400,000 tonnes per annum (Base Case) of nickel concentrate, confirming a technically and economically robust flow sheet to upgrade nickel sulphide concentrate to produce battery grade NCM811 Precursor for the lithium-ion battery industry.

“The Base Case PFS financial outcomes are compelling based on an NCM811 Precursor price forecast that is conservative compared to current observable market rates,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The internal rate of return on capital invested is exceptional for the Base Case, owing to very low capital intensity, a significant premium available when upgrading nickel sulphide concentrates into battery grade NCM811 Precursor and the competitive operating advantages in Vietnam, which include access to low-cost renewable hydro power.

“Blackstone is very pleased by the level of collaboration with the Vietnamese Government to progress the company’s downstream refinery.

“As part of the PFS Blackstone completed a location study to identify preferred Refinery locations, with each of the shortlisted potential Refinery locations offering significant corporate tax incentives.

“The corporate tax incentives offered are a strong signal for the Vietnamese Government support for Foreign Direct Investment and Blackstone’s downstream refinery strategy.

“The Base Case Refinery represents Management’s view of the scale of operations that could over time, through exploration success, be supported by the company’s existing nickel sulphide mineralised landholdings.

“Economics have been presented assuming a ten-year life-of-operations, aligned with known and desired life-of-mine for 3PF concentrate sources that Blackstone aims to secure offtake.

“Management considers the more likely scenario is that the Refinery life will extend beyond ten years.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au