Latitude Consolidated Increases Murchison Gold Resource

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) increased the Mineral Resource of the company’s Murchison gold project in Western Australia.

Latitude Consolidated has taken its total Resource to 13.1 million tonnes at 2.6 grams per tonne gold for approx. 1.16 million ounces.

The increase rides on the back of a 125 per cent increase to the Mineral Resource estimate for the Turnberry deposit that now stands at 11.3 million tonnes at 1.7g/t gold for 610,000 ounces.

Latitude explained this is the first Mineral Resource update to be completed at Turnberry since May 2019 when it was considered a non-core asset by previous owner Silver Lake Resources.

“We continue to build on our large, existing high grade gold resource and this 125 per cent upgrade at Turnberry is a fantastic outcome for Latitude,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“In short order, we have been able to clearly demonstrate the true scale and growth potential of our high-grade gold projects in the prolific Western Australian gold producing region of the Murchison.

“Turnberry is a shallow, high-grade deposit that has significant strike of 1.5 kilometres and remains open at depth and along strike.

“Given the scale of mineralisation at Turnberry, the company is increasingly excited by the St Anne’s prospect, which lies 3.5 kilometres to the south of Turnberry and displays similar grade and width characteristics to that seen at Turnberry in the limited drilling completed at the prospect to date.

“We have a clear plan in place to grow the existing resource base through systematic drilling and with a suite of high-grade gold targets outside of the existing resource base we are looking forward to delivering further success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au

 

 

Trigg Mining Moves Lake Throssell to Next Stage

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THE DRILL SERGEANT: Trigg Mining (ASX: TMG) has wasted little time in moving to the next stage of evaluation and development of the company’s 100 per cent-owned Lake Throssell sulphate of potash (SOP) project in Western Australia.

Trigg Mining released a maiden Inferred Mineral Resource estimate just last week of 14.2 million tonnes of drainable SOP and has now commenced a lake surface trenching and test pumping program.

The program follows on from drilling campaigns that established the presence of a high-grade brine deposit within the lake surface and the entire palaeovalley sequence.

The trenching and test pumping program is designed to enable estimates of drainable porosity and permeability of the surficial aquifer to be calculated.

The program includes seven test pit locations and two 100m long trial trenches, with associated monitoring pits.

Pumping from the trial pits and trial trenches will create draw-down of the water table in the surrounding sediments which can be measured by the monitoring pits, with the rate and magnitude of the draw-down used to estimate drainable porosity and permeability of these sediments.

“We’re excited to be back in the field so quickly with the trenching and pump testing program now well underway,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“The data which we will gather from these work programs will be a crucial input for calculating an Indicated Mineral Resource for the surficial aquifer and in estimating potential flow rates, which will help to establish the economic parameters that will underpin our Scoping Study.

“Having a higher-confidence Indicated Resource will be an important de-risking step for the project and will also form the basis of our planned Scoping Study commencing in the second half of this year.

“Production flow rate data will help us to establish the potential production profile and, ultimately, economic and financial features of the project.

“Following our recently announced maiden Inferred Mineral Resource, this represents another really important step forward towards creating a major new sulphate of potash production hub at Lake Throssell.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

 

Musgrave Minerals Increases Big Sky Strike Length

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Musgrave Minerals (ASX: MGV) reported new assay results from regional aircore drilling at the Big Sky prospect along the new gold corridor south-west of the Lena deposit on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals declared recent aircore drilling has further extended the regolith gold mineralisation to over 2.6 kilometres of continuous strike where it remains open to the north, south and down dip.

New intersections include:

21MUAC145
18 metres at 1.33 grams per tonne gold from 36m;

21MUAC155
42m at 0.46g/t gold from 12m to EOH, including 6m at 2.52g/t gold from 48m to EOH;

21MUAC184
12m at 0.97g/t gold from 48m;

21MUAC205
24m at 1.29g/t gold from 78m to EOH, including 6m at 3.8g/t gold from 84m;

21MUAC217
6m at 0.87g/t gold from 30m; and

21MUAC227
45m at 1.05g/t gold from 42m.

“The aircore drilling has continued to extend the strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena at Big Sky,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“This new system is masked from surface by a thin veneer (1-4m) of transported cover.

“The grade, extent and strong continuity of the Big Sky regolith mineralisation indicates the potential to host a significant mineralised system.

“A large follow-up, 10,000 metres RC drill program has commenced.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Venture Minerals Commissions Riley Iron Ore Mine Plant

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is poised to take advantage of the current iron ore price with the company commissioning a Wet Screening Plant at its Riley iron ore mine in Tasmania.

Venture Minerals has commenced the equipment commissioning phase at Riley having completed various stages of the installation phase of the plant construction.

The company explained the current Riley Mine economics are well above those determined by its August 2019 feasibility numbers, which were based on a US$90/tonne 62 per cent iron price, thanks to higher iron prices that have recently sat over the US$200/tonne mark.

“Venture’s Riley Development Team has successfully commenced commissioning of the plant,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Achieving this milestone of the installation schedule for the plant, keeps the first iron ore shipment on track for this quarter.

“The recent record iron ore price makes it a perfect time for the company to transform from explorer to producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Great Boulder Resources Commences Side Well Regional AC Drilling

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) has commenced a 60-hole air-core (AC) drilling program at the company’s Side Well gold project in Western Australia.

Following the company’s recently results from its Mulga Bill project, the AC drilling program is to test four regional targets within the Side Well project area.

This will include the first holes along strike from Doray Minerals’ historical intersection of

MNAC04631
3 metres at 35.5 grams per tonne gold from 76m.

This was drilled in a reconnaissance AC program completed in 2011.

Great Boulder will also test other targets, including areas it highlighted during examination of the VTEM conductivity data, as well as two areas of pathfinder anomalism from soil sampling completed east of Mulga Bill during 2020.

The program is expected to take approximately three weeks.

“Having completed AC drilling on a number of Whiteheads targets last week we’re now back on the ground at Side Well,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This is our fourth drilling program since the end of March.

“We are very keen to look at the geology at Matilda and see if we can extend mineralisation in the high-grade zone, as well as three other high priority untested targets in the region.

“The company also eagerly awaits the remaining results from the Mulga Bill RC program and the soil samples at Jones Well as we look to build a pipeline of prospects within the Side Well project.”

The remaining results in question include the current backlog of assays from Side Well, being 26 of the 29 RC holes drilled at Mulga Bill during April.

Two of the first three holes assayed intersected meaningful gold mineralisation, including:

21MBRC0022
6m at 31.2g/t hold from 130m.

These results are expected to be available in the next three to four weeks.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Hammer Metals Commences Mt Isa Drilling

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has commenced drilling at the company’s Mount Isa East project in Queensland.

Hammer Metals said the program will be drilling at a number of 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.

Hammer prospects in the gun include:

Lady Rose – located approximately 2km south-west of Trafalgar to determine the tenor and strike continuity of the copper and gold mineralisation observed at surface;

The Overlander North IOCG target – on its southern margin beneath a zone of strong iron oxide alteration and abundant gossanous scree;

Kalman West – at a magneto telluric target which is overlain by anomalous gold, copper, lead and zinc in soil sampling;

Serendipity (south of Kalman) – situated in a similar structural position to Hammer’s Kalman deposit;

Lakeview – approximately 7km along trend from Trafalgar and has historical artisanal mining shafts and outcropping copper/gold mineralisation; and

Kings and Charlotte – near Malbon with strong surface copper, gold and cobalt anomalism.

The company anticipates a second phase drill program will follow in H2 2021 to test known zones of mineralisation at Black Rock, Sunset, Smoko Gossan and Tiny Boot.

“The commencement of drilling in Mount Isa is pleasing and presents Hammer with its first opportunity since the Trafalgar discovery earlier this year to drill Hammer’s 100 per cent-owned prospects which sit along trend and in close proximity to the discovery,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The program, which has commenced, aims to test seven high-priority targets, some of which have not been previously drill tested and have shown promising signs of base metal mineralisation.

“Several promising prospects remain to be tested in the second half of 2021.

“It’s also great to see a return program at Trafalgar to follow up on our early success here and test for extensions of the copper and gold mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Blackstone Minerals Keeps Ta Khoa Drills Spinning

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported a hattrick of drilling results from its Massive Sulphide Vein (MSV) prospects at the company’s Ta Khoa nickel-copper-PGE project in North Vietnam.

At the Taipan Discovery Zone (TDZ), aka Ta Cuong, the discovery hole TC21-03 returned assays for nickel, copper, cobalt and platinum group elements (PGEs) across 35.25m of continuous mineralisation.

TC21-03
35.25 metres at 0.9 per cent nickel, 0.6 per cent copper, 0.05 per cent cobalt and 0.5 grams per tonne PGE from 18.35m, including 20.4m at 1.35 per cent nickel, 0.8 per cent copper, 0.07 per cent cobalt and 0.72g/t PGE from 27m.

Further assays were received from King Snake, following several visual occurrences of high-grade MSV, as well as initial confirmation of high-grade nickel, copper and PGEs.

Results targeting resource extensions at King Snake confirm its potential to add to Blackstone’s MSV mining inventory and supports the restart of the existing 450,000 tonnes per annum concentrator.

Results from King Snake include:

KS20-03
5.55m at 1.35 per cent nickel, 0.45 per cent copper, 0.05 per cent cobalt and 1.28g/t PGE from 204m, including 1.19m at 3.56 per cent nickel, 0.98 per cent copper, 0.13 per cent cobalt and 3.1g/t PGE from 205.38m;

KS21-04
10.45m at 0.32 per cent nickel, 0.22 per cent copper, 0.02 per cent cobalt and 0.33g/t PGE from 194m, including 0.63m at 3.77 per cent nickel, 2.11 per cent copper, 0.15 per cent cobalt and 2.33g/t PGE from 202.8m; and

KS21-06
3.13m at 1.23 per cent nickel, 0.75 per cent copper, 0.04 per cent cobalt and 2.03g/t PGE from 184.87m, including 1.12m at 2.19 per cent nickel, 0.93 per cent copper, 0.07 per cent cobalt and 2.72g/t PGE from 185.18m.

Infill drilling has been ongoing at the Ban Chang MSV prospect to support resource estimations and mining studies that will be incorporated into the Upstream Business Unit Pre-Feasibility Study (PFS).

Assay results for the Ban Chang MSV prospect include:

BC21-09
18.28m at 0.44 per cent nickel, 0.41 per cent copper, 0.03 per cent cobalt and 0.31g/t PGE from 64.72m, including 5.65m at 1.07 per cent nickel, 0.53 per cent copper, 0.06 per cent cobalt and 0.51g/t PGE from 68.75m;

BC21-10
15.3m at 0.72 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.36g/t PGE from 42.3m, including 5.01m at 1.67 per cent nickel, 1.01 per cent copper, 0.09 per cent cobalt and 0.95g/t PGE from 50.62m;

BC21-11
12.55m at 0.57 per cent nickel, 0.42 per cent copper, 0.03 per cent cobalt and 0.38g/t PGE from 43.1m, including 3.1m at 1.16 per cent nickel, 0.95 per cent copper, 0.06 per cent cobalt and 0.67g/t PGE from 46.9m; and

BC21-12
19.27m at 0.35 per cent nickel, 0.23 per cent copper, 0.02 per cent cobalt and 0.16g/t PGE from 23.73m, including 3.75m at 1.02 per cent nickel, 0.67 per cent copper, 0.06 per cent cobalt and 0.43g/t PGE from 37m.

“Ban Chang, King Snake and Ta Cuong are targeted for inclusion in the Upstream Business Unit PFS, which will incorporate restarting the existing 450,000 tonnes per annum concentrator on higher grade MSV feed,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“This will enable significant capital expenditure to be deferred for the 4 to 6 million tonnes per annum concentrator designed to treat our larger bulk disseminated orebodies such as Ban Phuc.

“We will continue to test additional MSV targets throughout the Ta Khoa district to build an inventory of high-grade feedstock for our downstream refinery business.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Alto Metals Encounters High-Grade Visible Gold from Vanguard

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THE DRILL SERGEANT: Alto Metals (ASX: AME) announced, what it called, “exceptional” assay results from wide-spaced step-out drilling at Vanguard Camp, part of an ongoing major drilling program at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals received the first batch of four-metre composite results from step-out drilling at Vanguard and Vanguard North deposits, which included the “exceptional” intercept in question from a step-out hole drilled 240m along strike, north-west of Vanguard.

The drilling intersected shallow high-grade visible gold in primary mineralisation, returning:

SRC286
12 metres at 22.5 grams per tonne gold from 40m, including 4m at 60.6g/t gold from 40m.

Other noteworthy intercepts from the program include:

SRC318
8m at 3.1g/t gold from 8m, including 4m at 5.8g/t gold from 8m – Vanguard;

SRC290
8m at 2.8g/t gold from 44m, including 4m at 5.3g/t gold from 44m – Vanguard North;

SRC307
4m at 6.8g/t gold from 124m – Vanguard North; and

SRC299
8m at 1g/t gold from 56m – Vanguard North.

Alto Metals explained the latest drilling has more clearly defined the mineralisation at the Vanguard and Vanguard North trends, with both now extended along strike and down dip.

Total mineralisation of both trends is now defined over 2,000m and remains open.

“These are exceptional results,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“The visible gold from SRC286, assaying 4 metres at 60.6 grams per tonne gold, is the highest grade ever reported from Vanguard, it is shallow at less than 40 metres from surface and demonstrates the potential for Vanguard to host more exceptionally high-grade gold mineralisation.

“Our wide-spaced, step-out drilling has now confirmed gold mineralisation over two kilometres, and it remains open along strike and down dip.

“We can see Vanguard continuing to grow and plan to systematically test both the Vanguard and Vanguard North trends, along with the overall 20 kilometre corridor of differentiated dolerite that hosts Vanguard, Havilah and Indomitable deposits.

“Coming on the back of the ongoing success we are having at the Lords Corridor, where drilling is ongoing , these outstanding results from Vanguard validate our approach and view of a much larger gold system at our Sandstone gold project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

 

Dreadnought Resources Identifies Kimberley Conductors at Orion

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) received results of a ground based FLEM survey undertaken at the Orion nickel-copper-PGE target, part of the company’s Tarraji-Yampi project in the Kimberley Region of Western Australia.

Dreadnought Resources carried out the program to define nickel-copper-PGE targets at Orion ahead of a 2021 RC drilling program.

The company reported the FLEM survey to have defined three large, strong conductors at Orion which are coincident with magnetic anomalies within the Ruins Dolerite.

“Dreadnought is pleased to have defined three conductors at Orion ahead of the 2021 drilling program,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“These are the strongest conductors defined to date at Tarraji-Yampi and are highly encouraging of a mineralised nickel-copper-PGE system at Orion.

“There are other prospective areas at Orion…we look forward to testing these targets as part of the drilling program commencing in June 2021.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Firefinch Claims K3 Gold Discovery

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THE DRILL SERGEANT: After spending time with The Resources roadhouse at the 2021 RIU Sydney Resources Roundup, Firefinch (ASX: FFX) announced discovery of a new, very high-grade zone within the company’s 100 per cent owned Finkola permit, part of the Massigui project in Mali.

Firefinch claimed the discovery 250 metres south of the K3 prospect within the Finkola permit.

K3 is close to the N’Tiola, Viper and Koting satellite deposits and is located 20 kilometres from the company’s 80 per cent-owned Morila gold mine.

The recent drilling at K3 intersected the best gold intersection drilled to date by Firefinch across either the Morila or the Massigui gold projects, returning:

KOTRC128
21 metres at 13.45 grams per tonne gold from 110m.

The intersection includes two high grade zones of:

4m at 46.5g/t gold from 114m; and
3m at 16.1g/t gold from 121m.

“I’m told that this is the best intercept Firefinch has drilled to date,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“Of course, we are only just getting started, but what a fantastic early result from our drilling campaign.

“Finding and delineating a new potential source of oxide mill feed, on a tenement that is already moving through the process of gaining an exploitation license, will provide additional flexibility to our mill start up.

“We look forward to keeping our shareholders updated as further results come to hand.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com.au

 

Web: www.firefinchltd.com.au