Blackstone Minerals Confirms King Snake Extension

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported further assay results from drilling at the King Snake Massive Sulphide Vein (MSV) prospect within the company’s Ta Khoa nickel-copper-PGE project in Northern Vietnam.

King Snake is a high-priority MSV target at the Ta Khoa project that has produced continued excellent resource extension drilling results.

The latest drilling has carried on that trend, returning:

KS21-10
2.62 metres at 1.54 per cent nickel, 2.01 per cent copper, 0.06 per cent cobalt and 5.16 grams per tonne PGE from 254.08m, including 0.62m at 3 per cent nickel, 0.84 per cent copper, 0.11 per cent cobalt and 3.36g/t PGE from 254.08m;

KS21-11
2.92m at 0.9 per cent nickel, 0.54 per cent copper, 0.04 per cent cobalt and 1.6g/t PGE from 267.63m, including 1.67m at 1.33 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt and 1.17g/t PGE from 267.63m;

KS21-12
1.9m at 1 per cent nickel, 0.27 per cent copper, 0.04 per cent cobalt and 1.48g/t PGE from 349.9m, including 0.85m at 1.45 per cent nickel, 0.41 per cent copper, 0.05 per cent cobalt and 1.91g/t PGE from 349.9m; and

KS21-13
1.12m at 0.48 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt and 0.71g/t PGE from 243.58m, including 0.32m at 1.09 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.93g/t PGE from 243.58m.

Blackstone claimed the new intersections achieved in KS21-11 and KS21-12 together with historic drill results have defined a strike length of approx. 900m at King Snake which includes MSV, semi-massive sulphide vein (SMSV) and disseminated sulphides (DSS).

The King Snake MSV prospect remains on track for inclusion in the company’s Upstream Business Unit (UBU) PFS due later this year.

“King Snake is our most exciting active MSV drill target and we are pleased that it continues to deliver excellent results,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The latest drill results have extended strike at the King Snake prospect and we look forward to assessing the outcomes of DHEM currently being performed by our in-house geophysics team.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Great Boulder Resources Encounters More High-Grade Gold at Mulga Bill

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported assay results from an additional thirteen Reverse Circulation (RC) holes drilled at the Mulga Bill prospect within the company’s Side Well gold project in Western Australia.

The results follow initial results Great Boulder Resources announced in May 2021 that included the newsworthy intersection of:

21MBRC002
6 metres at 31.2 grams per tonne gold from 130m, including 1m at 136g/t gold from 132m.

Great Boulder declared that its recent drilling efforts in the central Mulga Bill area had highlighted two sub-parallel, high-grade lodes with meaningful strike potential.

The company explained that gold intersections of note encountered on the western lode line up with previous drilling over an approximate strike length of 600m, while the eastern lode has apparent continuity over 500m.

Highlights from the latest drilling include:

21MBRC010
16m at 5.52g/t gold from 84m and 8m at 4.06g/t gold from 132m – within a broad mineralised zone of 68m at 2.05g/t gold from 80m;

21MBRC016
8m at 7.51g/t gold from 68m; and

21MBRC013
8m at 4.67g/t gold from 124m, including 4m at 8.52g/t gold from 124m.

“These are more great results from Mulga Bill,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“It’s particularly exciting that these hits line up with results from historic drilling, so we’re starting to see strong continuity on two lodes in the central area of the prospect.

“Our previous AC targeting programs defined similar trends to the north and south of this area which are yet to be drilled with RC.

“There’s a lot of scope for more discoveries at Mulga Bill.

“We have another RC program commencing soon at Whiteheads, and we’ll be back on the ground for more drilling at Side Well shortly after that.”

Great Boulder indicated it is waiting on assays from a remaining 13 RC holes that it expects will help confirm continuity on these lodes, which will be further tested by future RC programs.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Legend Mining Encounters More Mawson Massive Nickel-Copper Sulphide

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) reported latest results from an ongoing diamond drilling program at the Mawson nickel-copper-cobalt prospect within the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining reported on nine further diamond drillholes to have been completed at the Mawson prospect (RKDD045 – RKDD053).

Drillhole RKDD053 intersected a 31.2 metres sulphide zone, including 16.1m of massive and semi-massive nickel-copper sulphide, and 7.77m matrix nickel-copper sulphide.

Other holes drilled – RKDD046/049/051 also intersected wide sulphide zones, which the company has interpreted to have extended a prospective intrusion.

“We are very pleased to announce a new zone of massive/semi massive nickel copper sulphide around holes 43 and 53,” Legend Mining managing director Mark Wilson said in the company’s ASX announcement.

“With ongoing downhole EM and further drilling we expect this zone will evolve over time.

“Equally pleasing is that our strategy of systematic step out drilling continues to expand the 3D footprint of the mineralised intrusive and open up further prospective horizons for future planned drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.legendmining.com.au

 

 

Ora Banda Mining Releases Further Diamond Drilling Results from Golden Eagle

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THE DRILL SERGEANT: Ora Banda Mining (ASX: OBM) released new assay results for the Golden Eagle deposit, located within the company’s Davyhurst gold project in Western Australia.

New assay results returned from Golden Eagle Underground diamond drilling include:

19 metres at 5.4 grams per tonne gold, including 11.1m at 8.9g/t gold;

5.8m at 15g/t gold, including 5.5m at 16g/t gold;

14.6m at 4.8g/t gold, including 14.2m at 4.9g/t gold;

7.3m at 9.4g/t gold;

13.8m at 4.1g/t gold, including 4.6m at 9.5g/t gold; and

4.3m at 5.5g/t gold.

Assay results for 17 diamond drill holes remain outstanding.

The company explained the Golden Eagle underground diamond drilling was aimed at infilling and extending the declared mineral resource of 393,000 tonnes at 3.9g/t gold for 49,000 ounces.

The drilling continues to support pre-mining expectations for the North Shoot and is expected to provide geological information into the remodelling of the Southern Mining Area.

“We are currently developing northwards on the 310 Level towards some of these very strong results (19m at 5.4g/t gold and 14m at 4.8g/t gold) and are certainly looking forward to mining this high-grade area in the near term,” Ora Banda Mining managing director David Quinlivan said in the company’s ASX announcement.

“The Southern Mining Area has also yielded some strong results which our geology team are currently remodelling.

“The flatter folded ore lode geometry in this area is a new and potentially significant development and we are currently looking at ways to better target this flatter ore zone in future mining programs.”

 

 

Email: admin@orabandamining.com.au

 

Web: www.orabandamining.com.au

 

Encounter Resources to Commence Diamond Drilling at Lamil & East Thomson’s Dome

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) is poised to kick off diamond drilling at the company’s 100 per cent-owned Lamil and East Thomson’s Dome copper-gold projects in the Paterson Province of Western Australia.

Encounter Resources informed the market the EIS co-funded diamond drill program will extend several RC holes at the Dune Prospect at Lamil which contain strengthening copper-gold mineralisation.

The drilling at East Thomson’s Dome, located five kilometres from the Telfer copper-gold mine owned by Newcrest Mining, is designed to extend high-grade gold zones intersected at the 45 Reef by prior RC drilling.

“Assays from the broad spaced RC drill program in February 2021 indicate that we are approaching the core of the copper-gold system at Dune,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“Diamond tails will extend a number of RC holes at Dune commencing in June 2021.

“With copper-gold mineralisation strengthening towards the end of a number of RC holes we are eager to test in the downhole extents.

“The program will also seek to extend the high grade 45 Reef identified at East Thomson’s Dome located just five kilometres from Telfer.”

 

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

 

Alchemy Resources Completes Phase One Drill Program at Karonie Gold Project

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) declared at the completion of a 27 hole Reverse Circulation (RC) drilling program within the company’s 100 per cent-owned Karonie gold project, east of Kalgoorlie in Western Australia.

Alchemy Resources conducted the drilling in order to test high priority ‘Karonie’ style targets immediately along strike to the north and south of Silver Lake Resources’ Aldiss Mining Centre.

The drilling included five holes at the Parmelia prospect, targeting the strike extensions and down dip extents of previously encountered intercepts.

He recent drilling intersected zones of silica altered dolerites with variable levels sulphides and quartz veining.

At the Warrior prospect four holes targeted a coincident Electro Magnetic and Gravity anomaly, intersecting silica altered dolerites and black shales with quartz veining and sulphides.

Nine holes at the KZ5 prospect targeted the up/down dip and along strike extension of the zones of existing mineralisation, hitting variably altered dolerites with zones of sulphides and quartz veining close to the interpreted strike extension locations.

The Taupo prospect also received nine holes targeting infill and extension of the two primary lodes of mineralisation along strike from previous drilling.

Drilling intercepted zones of altered dolerites, quartz veining and sulphides in proximity to the interpreted strike extension locations.

The company is now waiting on assays with future drilling to be planned subject to results.

 

 

Email: alchemy@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Company Values Held Back from London Bulls by Kalgoorlie Bears

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THE ROADHOUSE HISTORY FILES: Diggers & Dealers attracts all types to Kalgoorlie for the week of the Forum, many of which are involved in the buying and selling of shares of the companies present.

It would seem, from the early pages of the town’s newspaper that speculation of the involvement of shareholders in the fortunes of local companies was on the minds of industry watchers back then.

 

Kalgoorlie Miner: September 14 1895

 

The sudden rise in Lake View shares which have quickly jumped from 22s (shillings) to £2 should serve as a warning to anyone tempted to “bear” the stocks of the district.

The rise was occasioned by the arrival of heavy buying orders from London, and it is quite on the cards that some of the little Australian firms, which for years have successfully rigged the Colonial scrip markets, will find themselves badly left by a similar influx of English buying orders.

The attention the Kalgoorlie mines are now receiving in the Old Country is hardly credited even by many local men, who appear to think the market can be as easily rigged now as in the good old days when all stocks were held in the colonies.

This is not the case and at present there is every appearance of a London boom in Hannans stocks, which will result in the market being ruled from the great moneyed centre of the world.

Already Australia’ s boldest specker, who went to London with the avowed intention of knocking out Boulder shares is returning a poorer if not a wiser man.

If the great British public commence to invest in our shares no feeble attempt of Colonial “bears ” will be of avail to check the rise in the market which will boom in spite of them.

There is no reason why Lake Views should have been so long neglected on their price so low.

Although not a sensational property it is a sterling mine which will continue to pay dividends for many years to come.

The rise is perfectly justified and is but the forerunner of many equally startling, which will take place within the next few months.

From now to the end of November is the most active period of the London Mining Market, and there is little doubt the next few months have many surprises in store for Kalgoorlie.

 

 

Chris Daws Estrella Resources (ASX: ESR) May 2021

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Estrella Resources (ASX: ESR) recently made the market sit up and take notice with the intersection of massive sulphides at the company’s Carr Boyd project in Western Australia and in doing so confirmed its T5 discovery from 2020. Estrella Resources managing director Chris Daws zoomed into The Resources Roadhouse to provide an update on proceedings.

 

Estrella Resources Encounters Further Massive Nickel-Copper Sulphides at Carr Boyd

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) has further enhanced the T5 discovery at the company’s Carr Boyd project, north of Kalgoorlie in Western Australia.

Estrella Resources announced the intersection of 12.25 metres of sulphides, including massive nickel-copper-iron sulphide, further confirming mineralised accumulations on the T5 basal contact at the Carr Boyd project.

Hole CBDD049A was the second diamond tail drilled by one of the two drilling rigs the company has on site.

The hole entered a position below the recently announced diamond drill hole CBD0048 that intersected 12.9m of nickel-copper-iron sulphides.

Hole CBDD049A is 40m south of the T5 discovery drill hole CBDD030 the company drilled in October 2020.

“The discovery of further massive sulphide accumulations on a basal contact position is very important to developing Carr Boyd as a significant nickel-copper sulphide project,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our exploration model is continually being refined and vectoring in towards further massive sulphide discoveries remains our immediate focus.

“Our drilling hit rate is increasing with our knowledge and our team should be commended for their efforts.

“We have not lost sight of the fact that T5 is only one area in a much larger magmatic system, and that other trap-sites for nickel-copper sulphides have historically been identified within the Carr Boyd Intrusive Complex.

“We will be pressing on with exploration of all these areas in due course.”

 

 

CLICK HERE TO WATCH ESTRELLA RESOURCES MD IN CONVERSATION WITH THE RESOURCES ROADHOUSE

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

St George Mining hits Nickel-Copper Sulphides Downwind of MAD199

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has continued to produce promising exploration results at the company’s high-grade Mt Alexander project in the north-eastern Goldfields of Western Australia.

St George drilled hole MAD201 as a large step-out from the 10.96 metres of nickel-copper sulphides that had previously been encountered by discovery hole MAD199.

MAD201 was drilled to test for extension of mineralisation at depth and intersected a 16m thick intrusive unit from 421m downhole that included a 2.4m interval of nickel-copper sulphides from 434.6m downhole.

MAD201 is the first step-out hole from MAD199 with mineralisation open in all directions.

“The mineralised intersection in MAD201 is an excellent result for the large step-out from the MAD199 discovery as it has identified a potential 125 metres down-plunge extent of mineralisation,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The strong EM conductors identified from the downhole EM survey in MAD201 further support the likelihood of additional mineralisation being present in this area.

“Our systematic exploration approach of the large intrusive mineral system at the Cathedrals Belt is now delivering tangible breakthrough results.

“We are confident that further drilling will continue to grow the footprint of high-grade mineralisation at the Cathedrals Belt coinciding with strong capital markets focus on identifying the next generation of nickel sulphides supplies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stgm.com.au

 

Web: www.stgm.com.au