Ionic Rare Earths Commences Phase 4 Infill Drilling at Makuutu

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THE DRILL SERGEANT: Ionic Rare Earths (ASX: IXR) has commenced a Phase 4 drill program at the company’s 51 per cent-owned Makuutu rare earths project in Uganda.

Ionic Rare Earths indicated the drill program will aim at converting a healthy portion of the current Inferred Resources on RL 1693 to an Indicated Resource classification, plus also converting RL 1693 Exploration Targets to classified resources.

The company reported a Mineral Resource Estimate (MRE) in March of 315 million tonnes at 650 parts per million (ppm) total rare earth oxide (TREO) with a cut-off grade of 200 ppm TREO minus cerium oxide.

Ionic also recently announced a Rare Earths Scoping Study for Makuutu that was primarily supported by the Indicated Resource, which reflected some 27 per cent of the total MRE.

The infill drill program is to be carried out primarily to increase the Indicated Resource base to support future studies at Makuutu, including a Feasibility Study.

“We are glad to have resumed core drilling at Makuutu,” Ionic Rare Earths managing director Tim Harrison said in the company’s ASX announcement.

“We have ambitious plans for next six months, and with a second rig due to arrive on site in coming days, we expect to complete a substantial amount of core drilling during this Phase 4 program.

“The plan is to work towards converting the majority of the higher grade Inferred Resource base at RL 1693 to Indicated Resources over the second half of 2021.

“Additionally, we are working on the required drilling to define a measured resource base at RL 1693, and to help deliver this, a third drill rig is being coordinated to arrive at site in the second half of July.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ionicre.com.au

 

Web: www.ionicre.com.au

 

Genesis Minerals Drills Puzzle North Growth

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported results from ongoing exploration drilling underway at the company’s 1.6 million ounces Ulysses gold project in Western Australia.

Genesis Minerals achieved the latest results from its recently discovered Puzzle North prospect, located 700m north of the 59,000 ounce Puzzle deposit that was first reported by Genesis in April, including some of the best drilling results ever reported by Genesis in the history of the Ulysses project.

The company indicated the new results, which follow visible gold hits reported recently from the Admiral deposit, continue to highlight the upside potential across the Ulysses project, including the strong potential to make new discoveries.

Results from recent Puzzle North drilling include:

21USRC911
40 metres at 2.52g/t gold from 44m;

21USRC912
84m at 1.98g/t gold from 84m, including 10m at 6.31g/t gold from 116m, including 8m at 5.94g/t gold from 157m;

21USRC914
31m at 1.02g/t gold from 56m;

21USRC915
19m at 1.41g/t gold from 94m;

21USRC916
11m at 4.23g/t gold from 89m;

21USRC917
18m at 0.69g/t gold from 61m;

21USRC852
34m at 1.16g/t gold from 101m (extension);

21USRC852
3m at 3.4g/t gold from 148m (extension); and

21USRC855
60m at 3.03g/t gold from 106m, including 8m at 12.9g/t gold from 126m (extension).

“The Puzzle North discovery is developing into a significant zone of shallow gold mineralisation that clearly has the makings of a new open pit mine,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“The width, tenor, grade and shallow nature of the mineralisation suggests that we can quickly build ounces at Puzzle North.

“Drilling will re-commence there as soon as possible in the next few weeks with both RC and diamond drilling to be completed in enough detail to allow an initial Mineral Resource Estimate as soon as possible.

“What is really exciting for us is that some of the best results we have seen to date at Ulysses have come in the last three months as we have started in our search for significant extensions to our known resources and hunt for new discoveries.

“The recent drilling may have a significant impact on our development plan – particularly the exciting shallow results at Puzzle North and the high-grade zone at Admiral deeps – and we are considering the possibility of including these new elements in our Feasibility Study.”

 

 

 

Email: info@geneisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Hastings Technology Metals Metallurgical Testing Enhances Yangibana Project

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THE DRILL SERGEANT: Hastings Technology Metals (ASX: HAS) released results from metallurgical test work carried out on drilling samples from Simon’s Find, one of the key deposits that make up the company’s Yangibana rare earths project in the Gascoyne region of Western Australia.

The Simon’s Find deposit is part of the eight kilometres-long Bald Hill – Simon’s Find – Frasers mineralised trend and is located close to the site of Yangibana’s proposed process plant and infrastructure.

Hasting Technology Metals’ metallurgical test work from Simon’s Find deposit has delivered strong results, including:

o 86 per cent beneficiation recovery generating a concentrate grade of 8.9 per cent neodymium from flotation test work; and

o 98 per cent recovery through hydrometallurgical acid bake and water leach test work on flotation samples.

Results show an average beneficiation neodymium upgrade factor of 28 times from the calculated head grade, equivalent to a concentrate grade of 19 per cent total rare earths oxide (TREO).

Upgrade factors up to 50 times the calculated head grade produced a concentrate grade up to 29 per cent TREO in many samples.

Hastings explained the mineralisation at Simon’s Find contains the highest level of neodymium and praseodymium to TREO across all deposits at Yangibana.

The company claimed them to be the highest neodymium and praseodymium levels of any known rare earths project in the world.

“The metallurgical test work carried out at Simon Find’s underscores the potential that we have at Yangibana,” Hastings Technology Metals chief operating officer Andrew Reid said in the company’s ASX announcement.

“These latest results continue to give us confidence in the multiple pathways we have to achieving high process recoveries and concentrate grades from the Yangibana project.

“Simon’s Find is delivering stand-out results that are remarkable given the low head grade of the deposit.

“Further test work will enable us to optimise the various aspects of our metallurgical program in terms of capital, operating costs, recoveries and operability.

“Simon’s Find further highlights Yangibana’s potential to become a source rich in NdPr (neodymium and praseodymium).

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

Web: www.hastingstechmetals.com

 

 

Dreadnought Resources Identifies Outcropping REE at Mangaroon Project

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced high-grade REE assays from previously unsampled ironstone outcrops at the Yin prospect, within the company’s Mangaroon project in the Gascoyne region of Western Australia.

Dreadnought Resources reported it had achieved rock chip samples from outcropping ironstones at the 2.5 kilometres long Yin prospect that returned assays up to 11.2 per cent Total Rare Earth Oxide (TREO).

The company claimed the results from the Yin prospect exhibit similar characteristics to the nearby Yangibana REE project that is currently under construction and development by Hastings Technology Metals (ASX: HAS).

To date, Dreadnought has identified twelve REE prospects based on thorium radiometric anomalies coincident with apparent ironstone outcrops.

Eleven other REE prospects remain to be inspected and field work is currently being undertaken to assess these prospects in addition to the strike extents of Yin.

“The number of prospects identified, combined with the high-grades of rare earths at Yin has been an interesting development for us at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Further work is underway to determine the potential scale and implications of this opportunity.

“In the interim, we remain focused on drilling at our Kimberley project with rigs and personnel mobilising on schedule in June 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com

 

Web: www.dreadnoughtresources.com

 

Thor Mining Drilling at Alford East Project

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THE DRILL SERGEANT: Thor Mining (ASX: THR) has commenced a 2000 metres diamond drilling program at the company’s Alford East copper-gold project in South Australia.

Thor Mining explained the drilling program will focus on depth extension and structural delineation of the northern mineralised domains of the Alford East copper-gold deposit.

The Alford East copper-gold project is located on EL6529, where Thor is earning up to 80 per cent interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529.

“Thor is excited about commencing its maiden drilling program at Alford East, where our geology teams’ new geological model strongly indicates new weathering boundaries opening up copper oxide mineralisation potential at depth and along strike,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“At a time when the copper price is at decade highs, Thor is fast tracking the exploration and development of the Alford East copper project.”

Based on historic drillhole information, Thor completed an inferred Mineral Resource Estimate (MRE) 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.

The company said the MRE demonstrates the initial size of the oxide copper-gold opportunity with potential to grow the MRE along strike and at depth.

 

 

Email: corporate@thormining.com

 

Web: www.thormining.com

 

Legend Mining Drills Further Understanding of Mawson Prospect

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) reported assay results for diamond drilling carried out on the Mawson nickel-copper-cobalt prospect within the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining said the assay results it has received from RKDD043/044/046 are in line with the visual estimations it made when drilling was completed.

Results included:

Semi-massive and massive sulphide assay results in RKDD043 of:
3 metres at 1.04 per cent nickel, 0.61 per cent copper, 0.09 per cent cobalt from 181m; and

Massive and semi-massive sulphide assay results in RKDD044 of:
1.7m at 1.48 per cent nickel, 1.12 per cent copper, 0.1 per cent cobalt from 456.4m.

The company indicated multi-element data received as part of the assay suite will continue to provide critical data to existing datasets to further evolve the understanding of the chonolith driving the mineralisation at Mawson.

“The assays reported…are broadly in line with our expectations from visual observations of the core at site,” Legend Mining managing director Mark Wilson said in the company’s ASX announcement.

“The key point is the distance between massive sulphide occurrences and the broader mineralised intercepts give us the geological confidence of a fertile mineralised system of significant scale.”

The company is also waiting on down hole EM surveying and/or modelling results to follow up already received DHEM that demonstrated large offhole features that will require further modelling to constrain features.

“Both the drilling and downhole EM results have continued the evolvement of our geological understanding of the Mawson intrusion,” Wilson said.

“This is the objective of the current stage of our systematic ongoing exploration strategy at this prospect.”

 

 

 

Web: www.legendmining.com.au

 

Goldfields Rail Infrastructure Needed to Keep Mining Industry Rolling

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THE ROADHOUSE HISTORY FILES: In 1895 the potential of the Goldfields was just being realised and what was also being realised by the miners of the day was the dearth of Government understanding of what was required to establish and keep the industry going.

126 years ago, and the two main Goldfields newspapers of the day were holding the Government to task over infrastructure.

It can, at times, seem just like yesterday…

 

THE KALGOORLIE MINER

MONDAY, SEPTEMBER 16, 1895

 

The Bill authorising the extension of the railway from Coolgardie to Kalgoorlie has passed its second reading and will probably become law within a few weeks.

In one evening the measure was read a second time and carried, through committee almost without discussion or amendment and its final adoption by both Houses is now assured.

No greater compliment could have been paid to the field than this, especially when it is remembered that the Coolgardie line was opposed at every step, and the full weight of the influence of the Government was needed to carry the Bill through.

No doubt the attitude of the members was to some extent influenced by the fact that the longer line is being constructed for a merely nominal price, but in a much greater measure the almost unanimous endorsement of the action of the Ministry in determining upon the line was due to the general recognition of the value of the mines of the district.

Of the richness of the properties on the main lines of lode no doubt can be entertained by any reasonable man and we have the assurance of Herr Schmeisser, the great German authority, that the mines are permanent.

The output of the few properties in the neighbourhood that are already crushing are the chief outturn of the vast interior goldfields of the colony and the members had little option but to carry the railway bill through.

At the same time the thanks of all interested in the mines and the district generally are due to the Ministry for their speedy action in this matter.

The first request ever made for the extension of the line was that put forward by the public meeting held some five or six weeks ago and the Premier at once responded by giving instructions, for the preparation of the bill authorising the work.

This cordial sympathy with the wants and demands of a new goldfield is creditable alike to the Ministry and the members of the Assembly.

It is in strange contrast with the grudging spirit in which the N.S.W. House treated Broken Hill, and should do much to reconcile even those wild spirits who, wherever they may be, are ‘ again the Government.’

It will be at least ten months before the construction of the line can be commenced, but it is satisfactory to know the work will be put in hand directly the section now being constructed is handed over.

This will be in July next, and within three or four weeks from that date Kalgoorlie will be in direct railway communication with the coast.

How great a boon this will be to the district it is unnecessary to state as the saving on the haulage of plant and machinery for our mines will be sufficient to pay a dividend on some of the stocks, while the cheapening of the cost of living resulting from the cheapening of stores will enable the miners to make homes for themselves and their families in the town.

It is not too much to expect that before the line reaches us Kalgoorlie will contain a population of at least 20,000. people, and the railway which is being so readily granted should be the best paying line in the colony.

 

COOLGARDIE MINER

MONDAY, SEPTEMBER 16, 1895

 

LIGHT RAILWAYS

THE Government have decided to construct the Coolgardie to Hannan’s Railway, and their decision has been endorsed by the Legislative Assembly, and will, beyond doubt, receive equally prompt endorsement at the hands of the Council, and of the country.

Mr. Moran’s suggestion, that the work might be proceeded with at once, instead of being delayed until the completion of the line from Southern Cross to Coolgardie, might also have been adopted, for in that case, the opening of both might reasonably have been looked for almost simultaneously, and the effect upon the advancement of the field at and beyond Hannan’s, by reason of the greater and cheaper facilities thereby afforded for the carriage of machinery and supplies, would have been immense.

But “half a loaf is better than no bread,” and we must at least feel gratified that the line is practically au fait accompli.

Following their determination in this matter, the Government might now go one better, and place themselves still more en rapport with the mining community—and
we include in the term, the British and Continental investros (sic), whose monies are coming amongst us — by considering the advisability of constructing steam tramways or light railways from Cooigardie and Hannans to the adjacent fields.

They could be laid down at, small cost, for speed need not be considered as a necessity.

A light line sufficient for the speed of, say, ten to fifteen miles an hour would meet the requirements, and while the cost of such lines would be small, the returns would be amply sufficient to warrant the necessary outlay.

If we consider the number of mining companies, developed and in course of development, that will require the erection of ore-reducing plants within the next year, we must at once recognise the immense traffic that has to be provided for in some way or other, and it presents itself at once to the Government as a simple, commercial question, whether the departure we are advocating will prove financially a success or otherwise.

We on the fields, who are becoming acquainted with the mineral resources of the district, and who cannot fail to understand, to some extent, the future progress that is ensured to will be prepared to ardently support the Government in the proposal, and we may reasonably surmise that they will not be averse to a step that will increase the colony’s revenue and prosperity.

From Hannan’s, such places as the I.O.U., White Feather, and even Kurnalpi, might be reached; while connection from Coolgardie might quickly be established with Dundas, on the one hand, and 25-Mile, 45-Mile, Black Flag, Broad Arrow, and, in fact, all the mining settlements between here and 90-Mile.

Hundreds of thousands of tons of machinery will reach these places in the course of the next couple of years, and thereafter there will be constant carriage of supplies and mining requisites, not to speak of the mining timber that will then be available from the extensive forests between here and Perth, and which we shall, probably, have eventually to fall back upon for permanent and cheap supplies.

Moreover, on such level country, presenting no engineering difficulties, it would cost little or nothing to build and ballast the permanent way, and by laying down the same gauge as the present railway lines, transhipment would be avoided.

For even the heaviest rolling stock and loading could be ran over these proposed cheaply-constructed lines, providing only that a slow speed was maintained.

Whatever is done in the matter should be done speedily, and we are assured that if the Government feel disinclined to undertake the work, private enterprise will be forthcoming.

For there is the certainty of big returns from a small outlay, and those interested in the companies will assist in any movement that will serve to reduce the —at present—prohibitive cost of placing their machinery on their mines.

We commend the matter to the serious attention of the Government, and trust they will see their way clear to undertake the work.

Roadhouse Looks Forward to Meeting New Chums at 2021 Gold Coast Investment Showcase

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THE CONFERENCE CALLER: The Resources Roadhouse will be out and about soon, this time attending the 2021 Gold Coast Investment Showcase.

It will be a perfect opportunity for us to catch up with some old chums, however a quick look at the lie up tells us that there will also be the opportunity to make new chums with a sag of companies attending that have yet to sweep across The Roadhouse radar screen.

 

Aurumin (ASX: AUN)

Aurumin is a gold exploration company with two advanced high-grade projects in the Southern Cross region of Western Australia.

The company listed on the ASX in December 2020 raising $7 million to fund exploration and to grow the Mt Dimer and Mt Palmer gold projects as well as leverage the skills of the well credentialled board and management team into acquisitions.

The Mt Dimer and Mt Palmer gold projects have historically produced over 125,000 ounces of gold at 6.4 grams per tonne gold and 158,000 ounces 15.9g/t of gold respectively from open pit/s and underground.

The company has built substantial tenure positions around these historical production centres and is pursuing an aggressive exploration program with the objective of identifying multiple replications of historical and remnant mineralisation.

www.aurumin.com.au

 

Mayur Resources (ASX: MRL)

Mayur Resources is focused on the development of natural resources in Papua New Guinea where it has systematically progressed a diversified asset portfolio spanning cement and lime, industrial minerals and iron, and energy and power generation.

This platform has provided the foundation to drive long term shareholder value while contributing to nation-building and job creation in a country starting on the path of meaningful growth.

The company’s Central Cement and Lime project is fully permitted and shovel ready with Mayur currently undertaking offtake and funding discussions to support a staged development.

Mayur is now progressing a disaggregation strategy to unlock the full value of its portfolio.

This commenced with the spin out of its copper and gold assets into Adyton Resources, listed on the TSX Venture Exchange.

The company continues to deliver on its stated strategy as witnessed by the recent announcement of executive appointments to lead the spin out of its attractive iron and industrial sands focussed business.

www.mayurresources.com

 

QMines (ASX: QML)

QMines is seeking to become Australia’s first zero carbon copper and gold developer.

The company’s Mount Chalmers project is a high-grade historic copper and gold producer located north east of Rockhampton in Central Queensland with an existing JORC 2012 inferred resource of 73,000 tonnes copper equivalent, three Exploration Targets (JORC 2012) and a large drilling program designed to provide shareholders with leverage to a number of pricing catalysts.

Three additional projects located near Warwick and Stanthorpe in Southern Queensland include the historic Warroo Gold Mine.

www.qmines.com.au

 

Bastion Minerals (ASX: BMO)

Bastion Minerals is focused on discovering high-grade precious and base metals deposits within the mineral-rich Atacama Region of Chile.

Bastion’s strategy is to apply cutting-edge exploration techniques to make multiple discoveries on its highly prospective Capote Gold, Cometa copper and Garin gold-silver projects, which have had no modern exploration.

Exploration work is now well underway following the company’s IPO in March 2021 on its vision of becoming a mid-tier company via the development of its a quality portfolio of assets, which surround mines producing high-grade gold and copper.

www.bastionminerals.com

 

Oklo Resources (ASX: OKU)

Oklo Resources has a total landholding of 1,405 square kilometres covering highly prospective greenstone belts in Mali, West Africa.

The company’s current focus is its West Mali landholding, encompassing its Dandoko project located east of the prolific Senegal-Mali Shear Zone near numerous world-class gold operations.

In April 2021, Oklo delivered an initial Measured, Indicated and Inferred JORC 2012 compliant resource of 11.3 million tonnes at 1.83g/t gold for approx. 6.68 million ounces contained gold encompassing the Seko, Koko, Disse and Diabarou deposits, which all remain open and are expected to grow with ongoing drilling either along strike or at depth.

The company has a corporate office in Sydney, Australia and an expert technical team based in Bamako, Mali, led by Dr Madani Diallo who has previously been involved in several discoveries totalling circa 30 million ounces gold.

www.okloresources.com

 

Tambourah Metals (ASX: TMB)

Tambourah has issued a prospectus to raise a minimum of a $5 million to a maximum of $8 million to list on the ASX.

Projects in the Pilbara include the advanced Tambourah and Cheela gold projects and the Julimar North and Achilles nickel-PGE exploration projects.

The company intends to commence magnetic surveys at Julimar North shortly after listing.

The details of the proposed fund raising is on the company website.

www.tambourahmetals.com.au

 

Renegade Exploration (ASX: RNX)

Renegade Exploration is focused on projects in Tier One jurisdictions, including a base metal deposit in the Yukon Canada, a gold exploration project located in the Yandal region of Western Australia and has recently acquired an interest in the MIM/Glencore managed Carpentaria Joint Venture, which has advanced copper projects in the prolific Cloncurry region of North Queensland.

Renegade is poised for an exciting period as it focuses on the advanced copper projects in Queensland and the Yandal East project which has drill ready targets.

www.renegadeexploration.com

 

Elementos (ASX: ELT)

Elementos hopes to become a major tin producer through the development of its two world class tin projects.

The company’s Oropesa tin project in Spain is one of the world’s highest grade, lowest cost tin projects.

Resource drilling and feasibility work programs are currently underway to increase the confidence of Oropesa’s Mineral Resource and prepare the understanding of the asset for a Feasibility Study.

The company is also progressing opportunities to further unlock value from the Cleveland tin project in Tasmania.

The Cleveland project contains a large Mineral Resource of tin-copper amenable to both open cut and underground mining techniques, located in a world-class mining district with excellent infrastructure.

As tin prices reach 10-year highs and as tin’s critical requirements are better known, Elementos is well-positioned to help fill the significant supply shortfall in coming years.

www.elementos.com.au

 

Thomson Resources (ASX: TMZ)

Thomson Resources holds a diverse portfolio of minerals tenements across gold, silver and tin in New South Wales and Queensland.

The company is implementing an aggressive “Fold Belt Hub and Spoke” consolidation strategy in the NSW and Qld border region on key projects, including the Webbs and Conrad silver projects, Mt Carrington silver-gold project, Texas silver project – including the Silver Spur mine, as well as the Hortons gold project.

Thomson’s strategy has been designed and executed in order to create a large precious (silver – gold), base and technology metal (zinc, lead, copper, tin) resource hub, with a targeted, aggregate, in ground material available of 100 million ounces of silver equivalent, that could be developed and potentially centrally processed.

Thomson is also progressing exploration activities across its Yalgogrin and Harry Smith gold projects and the Bygoo tin project in central NSW, as well as the Chillagoe gold and Cannington silver projects located in Queensland.

www.thomsonresources.com.au

 

Queensland Pacific Metals (ASX: QPM)

Queensland Pacific Metals aims re-energising Australia with critical battery metals production through construction of its Townsville Energy Chemicals Hub – the TECH project.

The TECH project will sustainably process high-grade nickel-cobalt laterite ore sourced from New Caledonia into nickel sulphate, cobalt sulphate and high purity alumina (HPA), all of which are key components for batteries within the high growth EV sector.

The company has already attracted the attention of word class, bankable offtake partners with MoUs in place with market leaders LG Chem and Samsung SDI.

QPM is currently undertaking a Definitive Feasibility Study for the TECH project and is aiming to commence construction in 2022.

www.qpmetals.com.au

 

Medallion Metals (ASX: MM8)

Medallion Metals is focused on increasing the established resources at its 100 per cent-owned Ravensthorpe gold project (RGP), 550 kilometres south-east of Perth.

Located in an historically proven mineral field, the RGP hosts a high-grade resource of 674,000 ounces gold at 2.4g/t gold with the deposits open at depth and along strike.

In addition to the near mine potential, Medallion’s ground holding represents an exciting belt scale advanced exploration opportunity, which the company is confident will grow to one day support a long life, low-cost gold mine.

www.medallionmetals.com.au

 

 

 

Ardea Resources Hits Best Semi-Massive Nickel Sulphide Intercept at Emu Lake to Date

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported assay results it claims to have confirmed komatiite-hosted basal nickel sulphide located above a felsic volcanic footwall contact at the Emu Lake prospect, 70km north-east of Kalgoorlie in Western Australia.

Ardea Resources drilled hole AELD0002 in April 2021, targeting a strong down-hole electromagnetic (DHEM) anomaly 50m north of earlier drill hole AELD0001, intersecting 0.65m of massive and semi-massive nickel sulphides and 1.1m of matrix and disseminated nickel sulphides.

Assays for this zone returned:

1.1m at 4.78 per cent nickel, 0.16 per cent copper, 0.47 grams per tonne platinum, 0.2g/t palladium from 366.9m (semi-massive sulphide), within a broader zone of 4.8m at 1.44 per cent nickel, 0.09 per cent copper, 0.2g/t platinum, 0.09g/t palladium from 365.9m, including a disseminated zone down to a cut-off of 0.3 per cent nickel.

The company explained this is one of the best nickel sulphide intercepts it has achieved at Emu Lake to date, claiming it demonstrates the prospectivity of this new western ultramafic position that has received minimal attention from historic exploration, thus opening up an entirely new target horizon.

“This new basal contact intercept provides a platform to test along this stratigraphic horizon for channel positions where the sulphides are insitu and expected to be thicker,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“The available geophysics is showing there is potential for such a channel to exist below AELD0002 which could extend for a considerable length in a similar fashion to the Silver Swan channel.

“It is interesting to note that earlier surface EM surveys have not been able to detect these sulphides, demonstrating the potential to open up a previously un-tested, albeit deeper, search space at Emu Lake.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Firefinch Scores Further High-Grades at Viper Deposit

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THE DRILL SERGEANT: Firefinch (ASX: FFX) reported drilling results received from the Viper deposit, part of the company’s 80 per cent-owned Morila gold project in Mali.

The results come hot on the heels of the company’s second gold pour, completed earlier this week, at Morolia.

The Viper deposit, located approximately 27 kilometres north-west of Morila, has a crammed history, beginning in 2000 through o 2009 under the ownership of Randgold that carried out the first drilling.

Firefinch came to the party in 2013-2015 under its previous name Birimian Gold SARL.

Come 2016 Randgold re-acquired Viper through Société Mines de Morila SA (now owned 80% by Firefinch) and completed infill resource drilling followed by grade control drilling between 2016 and 2018.

Mining at Viper was completed in 2018-2019 with 0.81 million tonnes mined at 1.19 grams per tonne gold gold to produce 31,000 ounces of gold.

In February 2021, Firefinch completed a RC drill program that confirmed continuity of mineralisation below the existing open pit.

Follow up drilling has now been completed to infill the better results from the February program, as well as test extensions to the south and at depth, where mineralisation remained open.

Recent infill and extensional RC drilling at Viper includes:

VIPRC121
6 metres at 11.34 grams per tonne gold from 74m, including 2m at 29.2g/t gold;

VIPRC120
9m at 6.78g/t gold from 54m, including 1m at 36.9g/t gold;

VIPRC120
1m at 36.5g/t gold from 51m;

VIPRC119
6m at 9.69g/t gold from 60m, including 1m at 15.9g/t gold;

VIPRC116
7m at 5.07g/t gold from 64m, including 1m at 19.7g/t gold;

VIPRC108
10m at 3.50g/t gold from 68m, including 1m at 17.3g/t gold.

“These are outstanding results,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“The scale of the mineralised system at Viper continues to grow with each drillhole.

“The delineation of surface mineralisation in the southern part of the deposit will provide another source of early oxide feed as we ramp up the Morila plant.

‘The high-grade zones under the pit also suggest that Viper can potentially make a more significant contribution to our near-term mining schedule.

“During my recent visit to site, we discussed and agreed plans to expedite the commencement of mining at Viper.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com