Corazon Mining Encounters New Lynn Lake Nickel-Copper Conductor

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) achieved initial positive visual results from drilling underway at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Miing is drilling nickel sulphide geophysical conductor targets identified by a new exploration tool, a MobileMT geophysical survey, immediately west of the Fraser Lake Complex (FLC)/ Matrix Trend, within the Lynn Lake project area.

The initial drilling program will test at least three targets and comprises approximately 1,600m of diamond core drilling, with follow-up work depending on results.

The first hole FLC2021-24 (#24) has been completed, from which Corazon reported highly encouraging definitive visual evidence of sulphide mineralisation, including nickel and copper sulphides.

“The best sulphide mineralisation was intersected on trend from the main geophysical conductor in the first target area,” Corazon Mining said in its ASX announcement.

“This is a potentially significant discovery at Lynn Lake, opening up a new exploration front that includes multiple geophysical conductors for testing.

“The magmatic sulphide appears of high quality.

“It is dominated by pyrrhotite, with chalcopyrite and pentlandite also observed.

“Assay results from the first hole are expected to be available next month and will provide confirmation of nickel-copper tenor and grade.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

De Grey Mining Continues Crow/Aquila Expansion

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has drilled further growth at the Crow and Aquila zones within the company’s Hemi gold discovery, south of Port Hedland in Western Australia.

Drilling at the Crow zone expanded the main lode – McLeod – that is now identified over 600 metres strike, 300m depth and up to 60m true thickness and remains open.

New results in the McLeod lode at Crow include:

HERC607
33 metres at 4.9 grams per tonne gold from 171m, including 11m at 12.1g/t gold from 171m;

HERC039D
24.8m at 2.1g/t gold from 308.19m;

HERC355
7m at 3.9g/t gold from 215m; and

HERC611
18m at 1.3g/t gold from 55m.

Additional new intercepts in other lodes at Crow returned:

HERC535
6m at 6.9g/t gold from 57m;

HERC623
18m at 3.4g/t gold from 210m; and

HERC310D
14.3m at 2.9g/t gold from 239.5m.

Drilling at the Aquila zone has defined over 800m strike and recent results have highlighted plunging higher-grade shoots at the eastern and western ends of the intrusion.

New extensional results include:

HEDD012
52.2m at 2g/t gold from 519.83m, including 15.3m at 4.5g/t gold from 556.68m;

HERC208D
12m at 3.6g/t gold from 371m including 0.5m at 71.3g/t gold from 374.77m, and 27.1m at 1.2g/t gold from 405m that intersected the eastern end of the McLeod Lode; and

HERC250D
24.6m at 1.7g/t gold from 293.2m.

“The large Crow/Aquila gold system continues to expand and be defined across multiple stacked subvertical lodes,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The dominant lodes of McLeod and Aquila are oblique to each other, intersect at the eastern end and are expected to support a combined open pit scenario.

“Both lodes demonstrate high-grade mineralisation that should also provide underground mining potential below any open pit mining limits.

“The ongoing systematic infill RC drilling program at Crow has improved our understanding of the continuity of mineralisation.

“Step out drilling continues to extend mineralisation at all zones at Hemi.

“RC drilling also continues at the recently discovered Diucon and Eagle zones to the immediate west.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Red 5 Hits KOTH Milestones

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THE BOURSE WHISPERER: Red 5 Limited (ASX: RED) achieved two major milestones in the development of the company’s 2.4 million ounces King of the Hills (KOTH) gold project in Western Australia.

Red 5 has had its KOTH Mining Proposal approved by the WA Department of Mines, Industry Regulation and Safety (DMIRS), being the final permit required for the restart of mining activities to proceed in 2022.

The company has also approved Phase 2 of the Engineering, Procurement & Construction (EPC) contract, allowing EPC contractor, MACA Interquip (ASX: MLD), to ramp-up the mobilisation of its construction teams.

“The KOTH construction and development teams are continuing to achieve solid progress, with the overall project under budget and on track to deliver first gold production on schedule by mid-2022,” Red 5 managing director Mark Williams said in the company’s ASX announcement.

“The manufacture and delivery to Australia of all key long-lead items for the plant is also well on track, which will help to ensure that key construction and installation milestones can be achieved once construction of the plant moves into full swing in the second half of this year.

“We are very encouraged by the important milestones being achieved, and we are looking forward to the next step-up in activities during the June 2021 Quarter as the key elements of this new large, long-life Australian gold mine continue to take shape.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@red5limited.com

 

Web: www.red5limited.com

 

Carawine Resources Strengthens Hercules Gold Deposit

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released news from the company’s Tropicana North project, located in the north-eastern goldfields of Western Australia.

Carawine Resources informed the market of assay results from the Hercules prospect, with the last drill hole from the recent program returning the highest grades to date.

Hercules is an advanced gold prospect within Carawine’s Thunderstruck Joint Venture (Carawine 90%), which forms part of the Tropicana North project.

The lastest results include:

TNRC020
A combined interval of 18 metres at 11.3 grams per tonne gold from 136m across two lodes, including:

6m at 26.6g/t gold from 136m, including 4m at 39.7g/t gold from 138m; and

4m at 10.4g/t gold from 150m, including 1m at 40.1g/t gold from 153m.

Carawine said the multiple lodes reported from this drill hole further increase the potential for Hercules to develop into a major new gold deposit.

“Our last set of results from Hercules were very exciting, so to have the last hole from our maiden drilling program at the prospect return the best results from the prospect to date is fantastic,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We have also repeated the new multiple high-grade lode system announced last week, indicating the potential for this wider ‘blow-out’ zone to extend throughout the prospect.

“We are planning a follow-up drilling program to test for extensions to the mineralisation, which remains open, with the potential to increase the strike length with depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

Ardea Resources Confirms Emu Lake Nickel Sulphide Drill Target

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has delineated a strong off-hole conductor by way of a downhole electromagnetic (DHEM) survey at Emu Lake within the company’s Kalpini project in Western Australia.

Ardea Resources had the survey carried out on recently drilled hole (ALED0001) at Emu Lake defining a strong off-hole conductor north of the hole.

The company explained hole AELD0001 was drilled in December 2020, targeting a DHEM anomaly based on legacy data compiled by geophysical consultants, Newexco.

The hole intersected a stringer zone of nickel sulphides at 382m the company believes may be remobilised from a source defined by the AELD0001 DHEM modelling.

“Ardea remains focussed on their Kalgoorlie Nickel Project nickel laterite and developing this project to provide ethical and sustainable nickel and Critical Mineral supply for the rapidly expanding lithium-ion battery supply chain,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“In tandem with this priority, compelling nickel sulphide and Critical Mineral exploration opportunities continue to be evaluated that can provide further KNP upside.

“This initial core hole at Emu Lake is a good example of the upside potential.

“The hole was drilled into an EM anomaly based on legacy data and was aimed at making a komatiite hosted (Kambalda style) nickel sulphide discovery.

“Given the low industry wide success rate in making nickel sulphide discoveries, it is extremely encouraging to see that we have identified a strong conductor along strike from the initial target that could represent an accumulation of high-grade nickel sulphide.

“We are looking forward to drilling this quality target whilst also working up additional compelling drill targets through a series of geophysical programs currently underway at Emu Lake, Highway and Black Range.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

 

Dreadnought Resources Commences Illaara Drilling

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is drilling numerous targets within the Metzke’s Corridor, part of the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources is hoping to extend mineralisation at Metzke’s Find, Longmore’s Find and Black Oak.

In addition, the Bald Hill prospect, located at the northern end of the Metzke’s Corridor, will be drilled for the first time.

Prioritised targets will then be drilled along the prospective Lawrence’s Corridor.

“We are excited to recommence drilling at Illaara to follow up the high-grade at Metzke’s Find and Longmore’s Find,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We will also be testing for supergene and bedrock mineralisation at Black Oak and to put first drill holes into Bald Hill.

“The first drilling campaign along the Lawrence’s Corridor will then commence.

“Target generation work is progressing at our Mangaroon nickel-copper-PGE and gold project and planning is coming together to get back into the Kimberley to drill numerous high-quality base metal targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Moho Resources Identifies New East Sampson Gold Zones

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THE DRILL SERGEANT: Moho Resources (ASX: MOH) claimed identification of additional high-grade gold zones at the company’s East Sampson Dam prospect in Western Australia.

Moho Resources made the identification during a recent Phase 2 reverse circulation (RC) drilling program as part of its resource definition studies, to infill and extend gold mineralisation at the East Sampson Dam prospect.

The drilling produced encouraging high-grade gold results of:

SSMH0117
1 metre at 9.6 grams per tonne gold from 92m;

SSMH0126
5m at 5.95g/t gold from 47m, including 1m at 15.2g/t gold from 49m and 1m at 11.1g/t gold from 51m;

SSMH0123
6m at 3.57g/t gold from 83m, including 2m at 2.43g/t gold from 84m and 1m at 15.6g/t gold from 88m; and

SSMH0119
2m at 2.67g/t gold from 43m, including 1m at 4.04g/t gold from 43m.

“The latest RC drilling results have identified a number of high-grade mineralised intervals and new mineralised zones at the East Sampson Dam gold prospect,” Moho Resources managing director Shane Sadleir said in the company’s ASX announcement.

“This new information, in combination with the ongoing structural control interpretation and geological modelling by Moho’s geologists and consultants, provides further confidence that the prospect has the potential to generate a suitable gold resource which could provide important cash flow for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

PVW Resources Identifying New Leonora Targets

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THE DRILL SERGEANT: PVW Resources (ASX: PVW) has wrapped up recent desktop work that has identified improving exploration targets at the Jungle Well project, within the company’s Leonora project in Western Australia.

The company has had historical datasets combed over by Southern Geoscience Consultants (SGC) with planning in mind for Fixed Loop Electromagnetic surveying (FLTEM) to refine drill targets over multiple conductors.

Following completion of the FLTEM activities and interpretation, exploration drilling will aim to test and confirm the source of the conductors.

“This work undertaken on granted mining lease M37/135 highlights the potential of the Leonora projects.

“Review of historical ground geophysics and follow up, including diamond core drilling with results to 13.22 metres at 1.74 grams per tonne gold from 276 metres, adds to the pipeline of prospects to be explored.

“The Leonora project has immediate potential, and we look forward to commencing our exploration efforts in the June Quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@pvwresources.com.au

 

Web: www.pvwresources.com.au

 

 

Eagle Mountain Reveals Further Expansion Potential at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining proved the best way to do your talking is via the drill bit by drilling further Resource Expansion Potential at the company’s 80 per cent owned Oracle Ridge mine project in Arizona, USA.

Eagle Mountain announced an Oracle Ridge copper mine drill interval achieved in a New Zone of:

WT-21-03
12 metres at 3.47 per cent copper, 50.22 grams per tonne silver from 73.7m

Follow up drilling to hole WT-21-03 revealed strong visible copper mineralisation over a 10m zone with assays pending for WT-21-04.

Extensions to the central zone and proximal to existing development were shown with results of:

WT-21-02
17.8m at 1.71 per cent copper, 16.89g/t silver and 0.15g/t gold from 199m, including 5.3m at 2.86 per cent copper, 30.92g/t silver and 0.1g/t gold; and
4.8m at 2.71 per cent copper, 23.92g/t silver and 0.3g/t gold.

Eagle Mountain’s current drilling is targeting extensions to high-grade breccia zones in the southern sections that were previously encountered in hole WT-20-10.

“We are delighted that our first hole in this northern area intersected high-grade copper and silver mineralisation, approximately 40 metres west of existing JORC Resources, and at a depth of only 70 metres directly below surface,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“This area is sparsely drilled and shows significant potential to expand the resource to the west of this hole.

“Following on from this hole, WT-21-03, we have seen visible copper mineralisation over a 10 metres zone in WT-20-04, with assays pending.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Blackstone Minerals Records New Vietnam VMS Discovery

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced a new discovery within the company’s Ta Khoa nickel–copper-PGE project in Vietnam.

Blackstone Minerals’ latest discovery of new sulphide mineralisation is in a previously untested zone within an area called the Ta Cuong prospect.

The Taipan Discovery Zone (TDZ) – within Ta Cuong – was discovered by hole TC21-03 and features 39.7 metres of continuous disseminated sulphide (DSS), semi-massive sulphide vein (SMSV) and massive sulphide vein (MSV) unweathered mineralisation from 15.15m.

The discovery was made in the first drill-hole of a previously untested zone within the Ta Cuong prospect, as a result of ongoing systematic testing of mapped Electromagnetic (EM) conductors.

“We are very pleased to report a significant discovery at Ta Cuong,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The discovery hole at TDZ is one of the best Blackstone has delivered on its MSV targets.

“The TDZ remains open along strike and significantly adds momentum to the MSV strategy at Ta Khoa.

“So far, all three priority MSV targets have delivered impressive and high value intersections.

“We are excited to be systematically unveiling the potential of the Ta Khoa nickel-copper-PGE district and will continue an aggressive exploration program, representing the most cost-effective and value accretive pathway to secure supply for our downstream business.”

Blackstone considers Ta Cuong, and now the TDZ within it, to have potential to add to its massive sulphide mining inventory, providing further impetus for the restart of the company’s existing 450,000 tonnes concentrator.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstonemeinerals.com.au