Kopore Metals Selling Botswana Copper Project

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THE BOURSE WHISPERER: Kopore Metals (ASX: KMT), by way of its wholly owned subsidiary company, Alvis-Crest (Proprietary) Limited, is selling its Virgo project in the Republic of Botswana.

Having struck a binding term sheet to assist with ongoing exploration at the Virgo project. Kopore Metals has agreed to sell 75 per cent of the issued capital in Alvis to AIM-listed ARC Minerals.

Alvis is the holder of two prospecting licences in the Kalahari Copper Belt in Botswana within 23km of the Zone 5 mine, currently under construction by Cupric Canyon Capital LP.

These two licences, PL135/2017 and PL162/2017 comprise Kopore’s Virgo project.

The Transaction is subject to certain conditions, including ARC to issue £1.2 million in ARC shares to Kopore in consideration for the purchase of 75 per cent of the issued capital of Alvis.

ARC has an option to buy the remaining 25 per cent for US$5 million in cash or ARC shares.

Kopore is to be free carried to a Bankable Feasibility Study with no dilution and will receive a 1 per cent net smelter royalty capped at US$30 million, which ARC can buy back for US$5 million.

“We are delighted to enter into this transaction with ARC,” Kopore Metals managing director Simon Jackson said in the company’s ASX announcement.

“They have been successful in adding value for their shareholders through their interests in Zambia and we share their vision for the Virgo project.

“We anticipate that having people and infrastructure in southern Africa will allow ARC to progress exploration at the Virgo project much quicker than Kopore would have been able to do as the COVID-19 pandemic continues to affect international and regional movement of people and other assets.

“Kopore can now focus on its remaining 3,592 square kilometres of exploration licences in Botswana at its Ghanzi West project (where reprocessing of historical data is ongoing) and at the Horseshoe West Project in the Bryah Basin of Western Australia, where the company has the right to earn up to a 70 per cent interest and where heritage surveys are now planned for early April 2021.

“We are excited to have copper exploration projects in two of the world’s most sought after jurisdictions given market indications that we are in the early months of what we think could potentially be a copper super cycle.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@koporemetals.com

 

Web: www.koporemetals.com

 

 

James Merrillees Golden Mile Resources (ASX: G88) March 2021

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Golden Mile Resources (ASX: G88) recently acquired the Yarrambee nickel-copper-PGE and copper-zinc project in the Murchison region of Western Australia, raising $800,000 to carry out exploration activities. Managing director James Merrillees zoomed into The Resources Roadhouse to provide an update.

 

Rox Resources Extends Youanmi Gold Project Mineralisation

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported on drilling carried out at the Youanmi gold project near Mt Magnet in Western Australia.

Rox Resources completed the drilling with Joint Venture partner Venus Metals (ASX: VMC) in the OYG JV area (Rox 70% and Manager, VMC 30%).

The current RC drilling program has been designed to test the southern continuation of the Grace deposit and other high grade near mine targets including the recently identified high priority Junction and Link targets.

Results have been received for three holes; results are still to come in for 15 holes.

Highlights to date include:

RXRC363
8 metres at 19.9 grams per tonne gold from 68m, including 4m at 38.3g/t gold from 68m.
Shallow high-grade mineralisation in Granite at Grace South.

RXRC362
4m at 5g/t gold from 40m.
In Granite at Grace South.

RXRC361
4m at 6g/t gold from 84m and 8m at 4.1g/t gold from 112m
At Junction.

The recently returned drill results have extended the known area of high-grade mineralisation at Grace by 100m to the south of previously determined extent.

“We are pleased to report these latest strong drill results from Youanmi and the shallow strike extensions at Grace,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“We look forward to updating the market as more results come to hand.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Carawine Resources Defines Don King Gold Trends

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) reported assay results from twenty air-core (AC) holes recently drilled at the Don King prospect, part of the company’s Tropicana North project in Western Australia.

Carawine Resources completed three wide-spaced drill traverses have defined two new +10ppb anomalous gold zones (peak 86ppb Au), up to 2km in strike length and up to 1.5km wide associated with major structural trends just 30 kilometres along strike from the large Tropicana gold mine (owned by AngloGold Ashanti Australia Ltd & IGO Ltd).

“These results from just our first drilling program at Don King establish the potential for significant gold discoveries on the tenement,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“There are now three parallel mineralised structures at Don King, in rocks and structures similar to those hosting Tropicana, just 30 kilometres up the road.

“We will now plan follow-up drilling which is likely to include infill AC drilling of the anomalies announced today, before deeper drilling to test their source, and extending our AC coverage further east into areas where there has been little or no drilling to date.

“Meanwhile, our exploration team are expected to mobilise to Tropicana North in the coming weeks as we prepare for follow-up drilling programs at our high-grade Hercules gold prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com

 

Web: www.carawine.com

 

Altech Chemicals Commences German Battery Materials PFS

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THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) via its 75 per cent-owned German subsidiary, Altech Industries Germany, has commenced a pre-feasibility study (PFS) for construction of a battery materials high purity alumina (HPA) coating plant in Saxony, Germany.

The PFS will assume a phase 1 coating plant designed with the capacity to coat 10,000 tonnes per annum (35 tonnes per day) of anode graphite, using Altech’s alumina coating technology.

“HPA is commonly applied as a coating on the separator sheets used within a lithium-ion battery, as alumina coated separators improve battery performance, durability and overall safety,” Altech Chemicals explained in its ASX announcement.

“However, evolving demand for alumina within the anode component of the lithium-ion battery has been identified because of the potential positive impacts that alumina coated graphite and silicon particles may have on lithium-ion battery life and performance.”

The study will assume the use of 100 per cent renewable power from the local grid with some minor on-site solar generation for buildings.

The design will target green project status.

It is planned that once the PFS is completed, the project will be accessed for green accreditation by the Centre of International Climate and Environmental Research (CICERO), Norway.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@altechchemicals.com

 

Web: www.altechchemicals.com

 

Aruma Resources Prepares to Drill at Mt Deans Lithium Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) is preparing to commence exploration activities on the company’s 100 per cent-owned Mt Deans lithium project, near Norseman in Western Australia.

The company is making ready to undertake its first drilling program at Mt Deans, which it considers highly prospective for lithium minerals, as wells as tantalum and rare earth element (REE) minerals.

Previous exploration on the project has identified swarm pegmatites over a strike length of greater than 1 kilometre, while the project is interpreted to sit within the same host rocks and structures as the nearby Mt Marion, Bald Hill and Buldania lithium projects.

Aruma has submitted a Program of Works (PoW) with the Western Australian Department of Mines, Industry Regulation and Safety (DMRIS) for the initial 12-hole RC (Reverse Circulation) drilling program that is planned to commence in the June quarter 2021.

Aruma plans to investigate the potential for Mt Deans to host direct shipping lithium ores, given its location adjacent to the Coolgardie-Esperance Highway and rail infrastructure which provides direct access to the Port of Esperance rail hub – and the potential for transport and infrastructure advantages.

“Aruma is of the view that the previous lithium results plus the high-grade tantalum and rare earth elements results, together with the infrastructure advantages afforded by the project’s location make Mt Deans a highly exciting lithium exploration opportunity,” Aruma Resources managing director Peter Schwann said in the company’s ASX announcement.

“We look forward to commencing our first pass drilling program at the project as soon as the PoW is granted.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

Corazon Mining Drilling Priority Lynn Lake Target

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) commenced new drilling at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Mining has started drilling at the high priority South Pipe target as part of this current phase of drilling.

The South Pipe is a substantial conductive anomaly located on ground recently acquired by Corazon and has been designated as the company’s the highest priority target of the current phase of drilling.

The South Pipe target was generated by an aerial MobileMT geophysical survey at Lynn Lake in late 2020.

Corazon is also preparing to conduct downhole electromagnetic geophysical surveys (EM) on all holes in the program designed to refine targets for follow-up drilling.

“we are excited to have commenced drilling at the South Pipe,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“This target is the most significant target generated by Corazon’s recent exploration.

“We will also conduct downhole EM surveys on all holes in the current program, which to date have shown good indications of mineralisation, to help further refine our targets for follow up drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Saturn Metals Extends Apollo Hill Gold System

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from ongoing RC drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, south-east of Leonora in the Western Australian goldfields.

Saturn Metals latest drilling efforts have encountered several near surface gold intersections in a broad corridor between the Ra and Tefnut deposits, situated immediately south of Apollo Hill.

The company has now reported mineralised intersections over a 1km long strike extension.

Latest results include:

AHRC0646
21m at 1.82 grams per tonne gold from 57m;

AHRC0655
12m at 1.32g/t gold from 124m, including 4m at 2.99g/t gold from 129m;

AHRC0635
16m at 0.87g/t gold from 39m;

AHRC0648
6m at 1.51g/t gold from 78m and 6m at 1.83g/t gold from 128m;

AHRC0644
6m at 1.7g/t gold from 71m; and

AHRC0629
4m at 1.44g/t gold from 188m.

“These new results show the scalability of the greater Apollo Hill gold deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Infill drilling has already been undertaken in this new zone with the aim of growing our resource base to a size that will support a major mining operation.

“We look forward to receiving and reporting on the next batch of assays from the 20 additional holes completed to date in this area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Trigg Mining Confirms Extensive High-Grade Brine System at Lake Throssell

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THE DRILL SERGEANT: Trigg Mining (ASX: TMG) reported assay results from a recently completed air-core drilling program at the company’s 100 per cent-owned Lake Throssell sulphate of potash (SOP) project, located east of Laverton in Western Australia.

Trigg Mining described the results from the expanded 54-hole program as being, “highly encouraging” with 253 brine samples submitted for assay, returning high-grade results of up to 5,800mg/L potassium (12.93kg/m3 SOP), with an average grade of 4,488mg/L potassium (10.01kg/m3 SOP).

Of note, 98 per cent of assays exceeded 4,000mg/L potassium (8.92kg/m3 SOP) and 50 per cent exceeded 4,500mg/L potassium (10.04kg/m3 SOP), confirming the extensive high-grade, low variability tenor of the brine within Lake Throssell palaeovalley system.

The drilling also confirmed the presence of a broad palaeovalley of up to 5km wide and about 100m deep over a strike of 36km.

Trigg Mining has now commenced work on a maiden Mineral Resource Estimate, which is on track to be completed in Q2 2021.

“These are hugely encouraging results that confirm that Lake Throssell is a large-scale and remarkably consistent high-grade SOP project,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“It is particularly pleasing that the average grade of our assays has come in at the very upper-end of our Exploration Target, which provides a strong foundation for the completion of a maiden Mineral Resource estimate early next quarter.

“We are also looking forward to getting test trenches in place to commence the work to better understand Lake Throssell’s hydrogeological characteristics, which will be an essential input for feasibility studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

Musgrave Minerals Continues High-Grade Run at White Heat

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THE DRILL SERGANT: Musgrave Minerals (ASX: MGV) REPORTED further high-grade reverse circulation (RC) gold assay results from the White Heat prospect, 300 metres south of Break of Day on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals’ RC drilling at White Heat (formally Target 2) continues to identify high-grade gold mineralisation near surface with mineralisation now having been intersected over a strike extent of up to 100m with drilling at depth and along strike continuing.

New intercepts from 1m samples include:

21MORC039
11 metres at 19.6 grams per tonne gold from 48m, including 2m at 94g/t gold from 48m, including 1m at 155.2g/t gold from 48m;

21MORC040
21m at 7.4g/t gold from 64m, including 1m at 35.9g/t gold from 64m,
12m at 9.9g/t gold from 73m, including 3m at 8.7g/t gold from 73m,
1m at 84.5g/t gold from 83m; and

21MORC041
2m at 6.5g/t gold from 134m.

“These high-grade, near surface gold results from White Heat further highlight the discovery potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Exploration is continuing to deliver strong results and add value for our shareholders.

“Drilling will resume at White Heat in a few weeks as we continue to define the limits and plunge of the mineralisation.

“At a regional level, we are continuing to drill to better define the new gold corridor 800 metres west of Lena that is continuing to produce high-grade gold results in previously undrilled areas.

“Consistent newsflow from these activities can be expected over coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au