Matsa Resources Increases Lake Carey Gold Resource

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced a Mineral Resource increase for the company’s Lake Carey gold project in Western Australia.

Matsa Resources has taken the Lake Carey Resource to 654,000 ounces of gold, representing a 27 per cent increase to the Measured, Indicated and Inferred Mineral Resources the company released in December 2020 and a 48 per cent increase against the reported Mineral Resources in its 2020 Annual Report.

The company recently reported new Mineral Resources at the Devon Pit and Olympic prospects.

The latest announcement now includes maiden Mineral Resources for the Hill East and Gallant prospects.

The company considers these new models deliver additional Mineral Resources to both the Devon and Fortitude mine hubs.

“Following the fantastic results of our Devon pit Scoping Study…I’m very pleased with these latest results demonstrating significant Mineral Resource growth since last year,” Matsa Resources executive chairman Paul Polisaid in the company’s ASX announcement.

“What’s really exciting is that not only has the global Mineral Resource increased in quantum, it has also seen a modest increase in grade.

“During the next quarter, we will have more drilling and assay results coming in and I expect we’ll also make significant headway into a Red October Mineral Resource update on the back of last year’s excellent Lion Fish, Marlin and Dory drilling results.

“At Devon, the detailed soil sampling program and results continue to enhance the area’s prospectivity highlighting numerous anomalous gold trends that have had little modern exploration activity.

“We’re very keen to drill these wonderful targets, which we anticipate will commence in May.

“Lake Carey and the Matsa team continue to deliver.

“I’m very enthused with our recent results and confident upcoming results will continue to deliver on our strategy to build and operate our own mill at the Lake Carey gold project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

 

Web: www.matsa.com.au

 

Magnetic Resources to Commence Exploration at Benjabbering Nickel-Copper-PGE Project

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THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) has commenced exploration activites at the company’s Benjabbering nickel-copper-PGE project, east of Julimar in Western Australia.

Magnetic has four separate projects, including Benjabbering, Trayning, Goddard, and Korrelocking, all of which are held 100 per cent by the company.

The combined landholding starts from 90 kilometres out to 150km northeast of Chalice Gold Mines’ Julimar nickel-lead discovery.

Magnetic explained it selected these projects based on aeromagnetic interpretation after noting the structural setting of the Julimar complex and the Gonneville mineralised discrete magnetic mineralised nickel-copper-PGE rich intrusion.

The Julimar discovery in March 2020 has led to a massive pegging rush covering 30,000 square kilometres.

The Julimar Intrusive Complex flags the existence of a new and unexplored West Yilgarn nickel-copper-PGE Province along the western margin of the Archean Yilgarn Craton.

“With this amazing 30,000 square kilometres pegging rush for Julimar style nickel-copper-PGE mafic-ultramafic complexes, Magnetic has picked up 322 square kilometres of ground with some excellent targets,” Magnetic Resources managing director George Sakalidis said in the company’s ASX announcement.

“The Benjabbering project has a very large 30 kilometres sinuous aeromagnetic target that has similar shape and structure as the Julimar intrusive and has never been drill tested.

“Numerous discrete large-scale targets identified over Magnetic’s three granted projects will be initially drill tested along road traverses followed by more extensive drilling when access agreements are finalised with local landowners.

“Magnetic’s HN9 and Lady Julie projects remain the company’s primary focus after 20,000 metres of drilling has been completed in the last three months with assay results pending.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@magres.com.au

 

Web: www.magres.com.au

 

Redbank Copper Confirms High-Grade Copper Mineralisation

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THE DRILL SERGEANT: Redbank Copper (ASX: RCP) reported results from re-sampling undertaken on historic drill core, as well as a regional soil sampling program at the company’s Redbank copper project in the McArthur Basin, Northern Territory.

Redbankc Copper said re-assaying of drill core and pulp samples from historic drilling confirmed high-grade copper intersections from each of the seven deposits sampled.

These are the Redbank, Azurite, Punchbowl, Roman Nose, Bluff, Prince, and Sandy Flat deposits.

The historic Redbank project drill assay results have now been validated and merged into a JORC 2012 compliant database for resource update.

Redbank has now increased confidence in historic copper assay results which date back 50 years, while the re-sampling program has confirmed a good correlation between historic and recent assays.

“Our team has put in a huge effort to not only validate 50-year-old data to include in our database for estimating a JORC 2012 mineral resource, but also to integrate all this data to provide a clear plan on what exploration methods are most effective in our future copper exploration programs,” Redbank Copper executive director Mike Hannington said in the company’s ASX announcement.

“The fact that mineralisation appears to be predominantly chalcopyrite with little pyrite is significant and allows our team to design follow-up exploration programs with a high-level of conviction.

“Although a considerable amount of work has been completed at the project in a short period of time, what is clear is that this is just the starting point for Redbank in our pursuit of large-scale copper systems in the McArthur Basin.

“The scale of our ground position is significant and through the detailed review of huge amounts of internal and industry historic data, overlaid with modern techniques and tools, our team has now established a much clearer geological understanding of the Redbank Project and the significant opportunity at hand.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@redbankcopper.com.au

 

Web: www.redbankcopper.com.au

 

Caspin Resources Intersects Sulphides at Yarawindah Brook Project

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported back from the maiden drill program at the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.

The three-hole drill program was undertaken on the XC-29 prospect.

The company said it was encouraged by the second hole, YAD0015, which encountered a broad zone of sulphides over 26 metres including an upper zone of stringer to semi-massive sulphides over six metres.

A lower zone of similar sulphide abundances was also intersected over approximately 2m.

Caspin said both sulphide zones correspond with modelled positions of electromagnetic conductors.

The first hole, YAD0014, intersected a 10m zone of stringer to matrix textured sulphide, pyrrhotite dominant with rare chalcopyrite.

The final hole in the current campaign at XC-29, YAD0016, intersected a narrow zone of semi-massive sulphide dominated by pyrrhotite, within a broad 17m zone of stringer sulphide.

“This is a great start to our drilling program,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“Whilst still early days at XC-29, hitting broad zones of potentially mineralised sulphide in our first drilling program is very encouraging.

“The results so far suggest that not only is XC-29 prospective, but so too is the entire Brassica trend.

“Now we look forward to drilling a new PGE target at Yarabrook Hill which presents another excellent opportunity for discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Centaurus Metals Drilling in Brazil

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) has commenced a high-impact Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Jaguar nickel sulphide project, located in the Carajás Mineral Province of northern Brazil.

Centaurus Metals is undertaking the drilling targeting new discoveries outside the project’s known resources.

The first RC drill-hole of the new program has been collared and is underway at the Leão prospect, marking the recommencement of a major greenfields exploration push that will see around 25,000 metres of drilling completed outside the known deposits over the coming months.

The company explained the new phase of greenfields exploration was designed to unlock new discoveries with the potential to add to what is already one of the largest and highest grade near-surface nickel sulphide resources in the world.

“We already have a resource of 58.9 million tonnes at 0.96 per cent nickel for more than 560,000 tonnes of contained nickel, which is one of the biggest undeveloped nickel sulphide resources globally, and we are confident that we can build on it given that the vast majority of the drilling to date has been focused within and around the known deposits,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“Since acquiring the project, we have successfully grown the resource through highly-effective brownfields resource development and step-out drilling.

“Now with the arrival of the new RC rig, we can step beyond this brownfield focus and target completely new areas which we believe have outstanding discovery potential.

“The aggressive, RC exploration program will target shallow nickel sulphide targets that have the potential to be brought into the mine plan at an early stage.

“There are now more than 300 diamond drill holes into the Jaguar project but only 12 holes have been drilled outside the current deposits with known resources, leaving plenty of room to make new discoveries.

“We have already identified 10 high-priority greenfields nickel sulphide and PGE targets and we are very much looking forward to testing these in the weeks and months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: office@centaurus.com.au

 

Web: www.centaurus.com.au

 

Carawine Resources Commences Hercules Follow-Up Drilling

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has kicked off follow-up RC drilling at the Hercules prospect, part of the company’s Tropicana North project located in the Tropicana and Yamarna regions of Western Australia’s north-eastern goldfields.

Carawine Resources is conducting the drilling targeting extensions to the gold discovery reported at Hercules earlier this year.

“The company is moving quickly to consolidate its understanding of Hercules, two months after announcing the prospect’s potential to become a major new high-grade gold deposit in WA’s north-eastern goldfields,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We are looking forward to the next three months of strong exploration activity at Tropicana North, starting with this RC drilling program at Hercules and then diamond core drilling planned to follow.

“Results will be reported progressively throughout the programs, as they become available.

“We have also planned additional RC drilling to explore our Big Freeze gold prospect, a 900 metres-long, greater than 0.3 grams per tonne gold anomaly defined from regional drilling along the Hercules Shear Zone, once the Hercules program is complete.

“This also gives us the option of continuing with a second phase of drilling at Hercules to follow-up on positive results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

 

Great Boulder Resource Encounters Thick Gold Zones at Blue Poles

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) received results from RC drilling at the Blue Poles discovery within the company’s Whiteheads gold project in Western Australia.

Assays from the first 15 holes confirmed a continuous zone of mineralisation over 300 metres long, with consistent, broad down-hole intersections of up to 52m.

Results include:

21BPRC004
40 metres at 1.18 grams per tonne gold from 40m to EOH, including 20m at 1.51g/t gold;

21BPRC008
36m at 1.09g/t gold from 28m, including 8m at 2.2g/t gold; and

21BPRC003
40m at 1.11g/t gold from 40m to EOH.

Great Boulder has been encouraged by the results from what is only the second round of RC drilling at Blue Poles demonstrating the zone remains open at depth with several holes ending in mineralisation.

Other intersections to the north remain open along strike and further drilling is being planned to test these areas.

An air-core (AC) drilling program commenced at Whiteheads earlier this week, testing regional targets along the Arsenal Trend including the Gunners prospect immediately north of Blue Poles.

“Blue Poles is growing nicely,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“With each round of drilling we are seeing more consistent thick intersections which is a fantastic result at such an early stage.

“This confirms our view that the Arsenal Trend has significant potential for multiple gold discoveries, and there is room for many more Blue Poles-sized discoveries within the full 20 kilometres strike of the trend.

“Blue Poles is the only the first prospect that we’ve begun testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Nexus Minerals Intersects Broad and High-Grade Wallbrook Mineralisation

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) received the first assay results after commencement of the company’s 2021 exploration drilling activities at the Wallbrook Project in Western Australia.

Nexus Minerals explained the drilling activity follows high-grade assay results received across multiple prospects at the Wallbrook Project in 2020.

A two-hole, diamond drilling program has recently been completed at the Crusader Prospect to test beneath the broad high-grade mineralised zone intersected in the 2020 RC drill program.

The first diamond hole drilled at Crusader intersects multiple mineralised zones including:

DDH21-1
3 metres at 11.54 grams per tonne gold (within 9m at 4.49g/t gold) from 159m;
4m at 2.59g/t gold (within 7m at 1.63g/t gold) from 138m; and
2.7m at 5.7g/t gold from 53.4m.

DDH21-1 was drilled to test for depth extension to Nexus 2020 RC holes that returned broad high-grade mineralisation, returning results of:

6m at 6.74g/t gold (within 12m at 3.61g/t gold from 138m to EOH);
5m at 5.01g/t gold (within 11m at 3.44g/t gold from 141m); and
4m at 7.17g/t gold (within 15m at 2.11g/t gold from 135m to EOH).

“This is a great result to start our 2021 drill programs at Crusader,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The diamond drilling has given us a clearer understanding of the mineralisation style, and we now eagerly await the results from DDH21-2 that was drilled beneath DDH21- 1 to a depth of 805 metres.

“Previous Crusader prospect RC drilling intersected broad and high-grade gold intercepts showing continuity of mineralisation over greater than 700m strike, which remains open in all directions, and importantly at depth.

“The Crusader-Templar mineralised system now extends over some 1,600 metres of strike – and is rapidly growing into an exciting new mineralised corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.nexus-minerals.com

 

Red Metal has Yarrie Project Tenements Granted

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THE DRILL SERGEANT: Red Metal (ASX: RDM) jumped aboard the nearology train with the grant of a handful of high priority tenements located along trend from Rio Tinto’s new Winu copper and gold discovery and the Nifty copper mine.

Known as the Yarrie project, funding comes courtesy of OZ Minerals (ASX: OZL) under the terms of the Greenfields Discovery Alliance.

Red Metal said the granting of the tenements allowed the company to commence its first pass exploration programs.

Preparations for a modern, low frequency, airborne electromagnetic survey are underway.

Previous regional airborne gravity and magnetic surveys by Red Metal highlighted Rio Tinto’s Winu discovery as a low-amplitude, bullseye magnetic target along a high-gravity ridge.

Red Metal has highlighted two very similar low-amplitude magnetic bullseye targets located along the same high-gravity trend in its tenements, which are planned to be the focus of first-pass ground programs once the regional airborne electromagnetic survey has been completed.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@redmetal.com.au

 

Web: www.redmetal.com.au

 

TNT Mines submits Earaheedy Basin Lead-Zinc Project Application

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THE DRILL SERGEANT: TNT Mines (ASX: TIN) announced it is another setting up camp in the Earaheedy Basin having applied to secure a major land position in the area.

TNT is following the lead of Rumble Resources and has lodged an application for a licence directly to the north over the Mount Lockridge fault and sections of the Frere and Chiall formations which host Rumble’s Chinook discovery.

“The Mount Lockeridge Fault project gives TNT exposure to a large-scale landholding in what we consider to be a very prospective location,” TNT Mines CEO Matthew Boyes said in the company’s ASX announcement.

TNT intends to start soil sampling and a suite of geophysical surveys to commence its exploration program once the tenements are granted.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: frontdesk@tntmines.com.au

 

Web: www.tntmines.com.au