Ausgold Drills Towards Resource Upgrade

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THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) is anticipating a Resource upgrade following recent drilling results received from the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold has completed RC and diamond drilling at the KGP with a total of 31,050m of drilling undertaken within the KGP Central zone since a 2019 Resource update.

Recent drilling within the Jinkas, White Dam and Jinkas South lodes identified new areas of high-grade gold mineralisation within a broad zone of mineralisation consistent with the company’s new geological model.

This extensive zone of gold mineralisation occurs at the culmination of the Jinkas and White Dam lodes within the Jinkas South lode, a fold hinge zone.

New results include:

BSRC1076
29 metres at 1.23 grams per tonne gold from 86m, including 1m at 19.3g/t gold and 32m at 0.56g/t gold from 153m;

BSRC1102
9m at 2.83g/t gold from 197m, including 3m at 6.5g/t gold;

BSRC1075
11m at 1.11g/t gold from 88m; and

BSRC1082
17m at 1.11g/t gold from 145m, including 9m at 1.39g/t gold.

The upgraded Resource estimate due out shortly is confined to the 4.5km strike length of the Central Zone and includes new RC and diamond drilling that has identified zones of high-grade gold mineralisation within the three stacked Jinkas, White Dam and Jackson lodes.

This will be the first time the high-grade Jinkas South lode will be included along a 1.3km strike length.

The new Resource estimate will be completed using improved estimation techniques and new geological model that will better incorporate the high-grade gold mineralisation of the KGP.

“Our improved geological model led to the discovery of the Jinkas South lode where we have just completed a substantial 30,000 metres program of new drilling, focused on key Resource areas within the Central Zone,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“Results have consistently shown a broad zone of higher-grade gold mineralisation over 1.3 kilometres of strike length, which will feed into our Resource upgrade due out shortly.

“New RC and diamond drilling at Jinkas North and Olympia highlight the exploration potential to further add Resource ounces beyond the March 2021 Resource upgrade.
“The team has done an incredible job evolving our geological model which ultimately will unlock the full potential at Katanning.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

 

Golden Mile Resources Hits High-Grade Gold at Benalla Project

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) provided the market with an early-Monday-morning wake up call to report exciting aircore drilling results from within the company’s Leonora gold project located near Kalgoorlie in Western Australia.

Golden Mile Resources reported results achieved at the Wanghi prospect, within the Benalla project, within the Leonora project indicating the intersection of a wide zone of high-grade gold mineralisation.

Latest results include:

BTAC187
33 metres at 1.6 grams per tonne gold from 48m, including 16m at 2.95g/t gold from 61m;

BTAC188
3m at 2.74g/t gold from 15m; and

BTAC189
4m at 0.51g/t gold from 36m.

Mapping at Wanghi has identified a previously unrecognised structural trend controlling gold mineralisation which has been lightly tested by the current drilling program.

The newly identified structural zone presents a new target for testing with RC drilling planned to commence mid-late next month.

Re-assay of 1m splits of significant intersections from the 2020 aircore program returned a high-grade intersection of:

BTAC082
1m at 10.6g/t gold from 30m.

“These are exciting results for the company,” Golden Mile Resources managing director James Merrillees said.

“We intersected further wide zones of strong gold mineralisation in fresh rock at Wanghi, and the recognition of important structures controlling mineralisation provides an important new targeting tool for the follow up RC drilling planned next month.

“The plus 10-gram gold intersection in hole BTAC082 at Wanghi also points to the potential for high-grade in the system and is further endorsement of our belief in Benalla to host a meaningful gold system immediately along strike from KIN Mining’s 1.15 million ounces Cardinia Gold Project.

“With assay results received for only six out of a total of 81 holes drilled to date we are looking forward to a period of strong news flow over the coming months.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

JAMES MERRILLEES RECENTLY SPOKE WITH THE RESOURCES ROADHOUSE: WATCH HERE

 

Email: info@goldenmileresources.com

 

Web: www.goldenmileresources.com

 

 

Black Cat Syndicate Encouraged by Drill Results from Fingals East and Trump Deposits

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) completed a busy week of announcements by reporting on recent RC drilling at the Trump and Fingals East depoits, both part of the company’s Kal East gold project in Western Australia.

Black Cat Syndicate drilled 28 infill RC holes at Trump in February 2021, which is planned to be mined in conjunction with the Myhree deposit.

Black Cat said results have confirmed high grades around the core of Trump and will be included in the next Resource upgrade.

These include:

21TRRC018
6 metres at 11.93 grams per tonne gold from 25m;

21TRRC019
3m at 13.14g/t gold from 49m; and

21TRRC004
3m at 8.66g/t gold from 57m.

The company’s first drilling along the Fingals East was aimed at extending mineralisation beyond historically mined pits with results demonstrating potential for a maiden Resource at Fingals East.

Intercepts include:

21FERC043
3m at 14g/t gold from 78m;

21FERC024
2m at 9.59g/t gold from 72m; and

21FERC046
1m at 14.2g/t gold from 65m.

“Drilling at Trump was designed to confirm high grade mineralisation identified in previous drilling and upgrade the Resource category around the proposed open pit, which is planned to be mined in conjunction with Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The results are encouraging and Trump remains open to the north.

“Importantly, the high grades continue at depth where a lack of drilling constrains the Resource.

“Our first program at Fingals East was focused around several historical oxide pits mined in the early 1990s.

“The encouraging results support a maiden Resource which is expected in April 2021.

“Drilling is ongoing and will continue to focus on resource growth.

“With the option to purchase key components of a processing facility now exercised, we are well positioned to transform into a developer in the near term.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

 

Cyprium Metals Reports Further Results from Nanadie Well RC Drilling

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THE DRILL SERGEANT: Cyprium Metals (ASX: CYM) reported further assay results from Reverse Circulation (RC) drilling conducted in January 2021 at the company’s Nanadie Well copper-gold project in Western Australia.

Cyprium Metals released the latest results from the drilling that include the next 38 holes of the 66 hole Phase 1 program.

Results include:

NWRC21005
48 metres at 0.5 per cent copper and 0.1 grams per tonne gold from 12m, including 20m at 1 per cent copper and 0.2g/t gold from 40m, including 2m at 3.8 per cent copper and 0.2g/t gold from 20m and
2m at 2.1 per cent copper and 0.3g/t gold from 46m and
1m at 1.3 per cent copper and 0.7g/t gold from 58m;

NWRC21006
40m at 0.8 per cent copper and 0.3g/t gold from 12m, including 9m at 1.6 per cent copper and 0.5g/t gold from 20m; and

NWRC21011
27m at 0.8 per cent copper and 0.2g/t gold from 3m, including 7m at 1.6 per cent copper and 0.6g/t gold from 23m, including 4m at 2.4 per cent copper and 1g/t gold from 25m.

“We are pleased to announce the next set of assay results from the January 2021 Nanadie Well supergene RC drilling campaign,” Cyprium Metals executive director Barry Cahill said in the company’s ASX announcement.

“As anticipated, the results are continuing to show an extensive shallow and broad oxide copper-gold mineralisation.

“We are really excited and encouraged from what we are seeing in these assay results from the supergene horizon at Nanadie Well.

“It gives us increasing confidence in the potential of the sulphide mineralisation.

“We are looking forward to the results of the assays of the diamond drill core and results of the downhole geophysics in that part of the mineralised zone.

“We anticipate continued positive news flow over the coming weeks as the results for the remaining RC drill holes are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@cypriummetals.com

 

Web: www.cypriummetals.com

 

 

Rob Longley Ardiden (ASX: ADV) March 2021

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Ardiden Limited (ASX: ADV) has been concentrating on its Pickle Lake Gold project in Canada of late, but the company wants market watchers to remain aware of the potential it also holds in its Canadian lithium projects. Managing director & CEO Rob Longley zoomed into The Resources Roadhouse to remind us just how much lithium potential there is.

Rob Holm CSA Global March 2021

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CSA Global senior consultant zoomed into The Resources Roadhouse to provide a brief introduction to the modern scientific approach to exploration.

Ardiden Takes Time Out to Remind Market of Canadian Lithium Project Potential

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THE BOURSE WHISPERER: Ardiden Limited (ASX: ADV) reminded the market that apart from its Canadian gold projects it also has 100 per cent-owned hard-rock lithium projects.

Ardiden holds full ownership of three high-grade, low impurity lithium projects, comprising 95 square kilometres.

This lithium portfolio includes a 4.8 million tonnes at 1.25 per cent lithium (Li2O) JORC Resource and an Exploration Target of a further 4.5 to 7.2 million tonnes at 0.8-2 per cent Li2O at the Seymour Lake lithium deposit.

Metallurgical testwork by Ardiden on Seymour concentrate confirmed achievement of +99.5 per cent Standard Battery grade Lithium Carbonate product.

Ardiden indicated it is exploring strategic alternatives for its lithium projects to unlock shareholder value, including options such as retention, potential sales, spin-offs, joint ventures or business collaborations, subject to shareholder and regulatory approvals, as required.

“Ardiden is well positioned to extract benefit from re-invigorated interest in the Critical Minerals sector,” Ardiden managing director and CEO Rob Longley said in the company’s ASX announcement.

“Lithium is a key ingredient in rechargeable batteries used in electric vehicles (EV’s).

“The company’s three high-grade lithium projects are in close proximity, and well connected to the rapidly expanding US EV battery market.

“While we remain firmly committed to our gold exploration at Pickle Lake, have received significant interest in our lithium assets and are working diligently to deliver the best possible value to Ardiden shareholders.”

 

 

ROB LONGLEY RECENTLY SPOKE WITH THE RESOURCES ROADHOUSE ABOUT THE LITHIUM PROJECTS: WATCH IT NOW

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au.au

 

Web: www.ardiden.com.au

 

 

Auroch Minerals Drilling at Leinster Nickel Project

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced diamond drilling at the company’s Leinster nickel project in Western Australia.

Auroch Minerals will kick start proceedings with four diamond drill-holes, designed to test high-priority magnetic targets directly along strike from the shallow high-grade nickel sulphide mineralisation previously reported at the Horn prospect.

Following these drill-holes reverse-circulation (RC) drilling will commence to further test the strike potential along from the Horn, as well as some of the more-advanced regional targets across the Leinster tenure.

The combined diamond and RC drill programs follow up on Auroch’s diamond drill program carried out at the Horn in late 2020, which intersected thick high-grade nickel-copper sulphide mineralisation at shallow depths.

“We are excited to be back on the ground at Leinster and drilling such high-potential exploration targets,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“Our drilling last year confirmed thick high-grade nickel and copper sulphide mineralisation at very shallow depths at the Horn prospect, but importantly it also showed how well this mineralisation is ‘mapped’ by the aeromagnetic anomaly there.

“We have very similar aeromagnetic anomalies along strike to the northwest of the Horn which basically have never been drilled, so we are eager to test these anomalies and see if the relationship between the aeromagnetic highs and the nickel sulphide mineralisation continues along strike.

“Our maiden RC program at Nepean has been completed, which tested both near-mine shallow drill targets as well as more regional greenfields targets along the full 10 kilometres of prospective strike.

“We are awaiting assay and DHEM results which we expect to receive over the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.aurochminerals.com

 

 

Black Cat Syndicate Buys Milling Facility for Kal East

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has purchased a 1.5 million tonnes per annum milling facility for the company’s Kal East gold project near Kalgoorlie in Western Australia.

The processing facility, which comprises two mills, will be centrally located near the project’s Imperial/Majestic deposits.

Black Cat Syndicate explained the traditionally configured gravity and CIL gold plant is suited to the deposits as well as, potentially, any third party free milling ores in the region.

Black Cat flagged it intends to install one of the two mills initially, reserving the second for future milling capacity expansion.

“The milling facility is ideal for our planned processing facility and includes sufficient grinding capacity for potential future expansion,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Due diligence by a team of experts has confirmed that the facility was operated for less than five years, has been well maintained and is in excellent condition.

“We are currently estimating the impact this milling facility has on our construction schedule and construction cost estimates for both the initial facility as well as the potential expansion case.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

 

Chalice Mining Defines New EM Conductors and Nickel-Copper Soil Anomalies at Hartog

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THE DRILL SERGEANT: Chalice Mining (ASX: CHN) reported on ongoing regional reconnaissance exploration activities at the company’s 100 per cent-owned Julimar nickel-copper-platinum group element (PGE) project, north-east of Perth in Western Australia.

Chalice Mining has completed a first-pass ground Moving Loop Electromagnetic (MLEM) survey over the 6.5 kilometres long Hartog airborne EM (AEM) target, located directly north of the Gonneville discovery the company identified last year.

The recent survey over Hartog has defined a cluster of 29 low to moderate conductance, mid to late-time bedrock EM conductors the company has interpreted to be potential nickel-copper-PGE targets, of similar aerial extent and range of conductance to those at the Gonneville discovery immediately to the south.

Surface soil sampling at Hartog was also completed as a first-pass screening technique to assess and prioritise MLEM conductors.

Based on the results of the initial MLEM survey, Chalice has additional surveying underway to expand and infill geophysical coverage to approximately 200m spaced lines across the Hartog target.

This program aims to define drill-ready targets and is anticipated to be completed by mid-April.

“Initial reconnaissance exploration activities along the ~26 kilometres long Julimar Complex to the north of our Gonneville discovery have delivered exciting results, with a significant number of EM-soil targets already defined at the highest priority Hartog target,” Chalice Mining managing director Alex Dorsch said in the company’s ASX announcement.

“The identification of discrete EM conductors together with extensive nickel-copper soil anomalies highlights the significant potential of this area to deliver further growth at Julimar directly along strike to the north of where we have a major resource drill-out underway.

“Soil sampling and ground EM at Gonneville guided us to the initial discovery and we are very encouraged to see similar early results at Hartog.

“We are also pleased that our first regional field exploration program has validated the results generated by the airborne EM survey flown last year, which is a positive sign for our ongoing exploration of the broader district.

“Meanwhile, we have stepped up drilling activities again at Gonneville, with seven rigs now drilling prioritising definition and expansion of high-grade mineralised zones.

“Initial resource and pit-shell modelling is also being undertaken concurrently, which is guiding our drill pattern.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@chalicemining.com

 

Web: www.chalicemining.com