RareX Encounters Further Shallow Mineralisation at Trundle

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THE DRILL SERGEANT: RareX Limited (ASX: REE) reported on ongoing drilling activities at the company’s Trundle gold-copper project Joint Venture, located in the Macquarie Arc of the Lachlan Fold Belt in New South Wales.

RareX received part assay results for holes TRDD011 and TRDD012 at the Trundle Park prospect that returned mineralised intervals with high-grade copper and gold zones.

TRDD011 assay results for the first 102m of 332m, including:

74m at 0.40 per cent copper and 0.37 grams per tonne gold from surface, including 42m at 0.64 per cent copper and 0.58g/t gold from 32m, including 14m at 1.69 per cent copper, and
1.39g/t gold from 58m, including 4m at 4.98 per cent copper and 3.36g/t gold from 68m; and

TRDD012 assay results for the first 220m of 581m, including:

29m at 0.1 per cent copper and 0.18g/t gold from 191m, including 2m at 0.87 per cent copper and 0.05g/t gold from 195m, and
1m at 0.09 per cent copper and 1.17g/t gold from 204m.

The company said the broad and multiple skarn horizons intersected within TRDD012 provide encouragement for expanding the footprint size potential of the at/near surface skarn system along strike and to depth.

It also noted that primary bornite, chalcopyrite, molybdenum and observations of discrete monzodiorite intrusions in TRDD012 to be providing encouragement for vectoring towards the interpreted causative porphyry system intrusive target and the current working geological model for the central Trundle Park prospect.

 

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Impact Minerals Trumpets Red Hill Drill Intersection

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) stood up to report a stand out drill intercept achieved from the Red Hill prospect at the company’s Broken Hill nickel-copper-PGM project in New South Wales.

Impact Minerals drilled hole RHIPT034 to test a soil geochemistry anomaly along the southern contact of the Red Hill chonolith, which returned:

138 metres at 0.3 grams per tonne 3PGM (Pd+Pt+Au) from surface.

This intercept included several higher-grade intercepts of:

2m at 2.3g/t 3PGE from 75m, and 12m at 1.5g/t 3PGM and 0.2 per cent copper from 103 metres, including:

2m at 2.3g/t 3PGM, 0.3 per cent copper and 0.3 per cent nickel from 109m; and

2m at 1.1g/t 3PGM and 0.2 per cent copper from 135m.

Impact explained the result has, for the first time, demonstrated that the chonolith-shaped (tube-like) ultramafic intrusion at the Red Hill body hosts substantial thicknesses of disseminated PGM+/-copper+/-nickel mineralisation close to surface.

The intercept is open at depth and this is now a priority target area for follow up drilling.

Five other holes from the 2020 drill program also encountered intercepts in the chilled margin.

The term ‘chilled margin’ refers to the contact zone between a parent intrusion and the surrounding rock.

“Follow up drilling is clearly required to test the Red Hill intrusion at depth,” Impact Minerals said in its ASX announcement.

“To help optimise drill hole locations, modelling of the magnetic response of the intrusion to determine its geometry is currently underway using the extensive magnetic susceptibility data Impact has collected during its drill programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Black Cat Syndicate Confirms Scale Potential of Fingals Fortune Gold Deposit

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THE DRILL SERGEANT: Black Cat Syndicate’s (ASX: BC8) confidence in the Fingals Fortune deposit, part of the company’s Kal East gold project continues to grow.

Black Cat Syndicate believes Fingals Fortune is shaping up as a potential large pit that currently remains open in all directions and at depth.

The company released details of its 2020 drilling campaigns that included extensional and infill drilling that produced results it considers to have confirmed the Fingals Fortune potential.

The results included extensional results from a deeper high-grade zone in the south that, again, highlights future underground potential.

With all results from 2020 now in, Black Cat anticipates them contributing to a new JORC 2012 Mineral Resources later in January 2021.

Better intersections from the drilling include:

20FIDD0031
2.49 metres at 12.43 grams per tonne gold from 170.11m; – extensional

20FIRC140
5m at 6.43g/t gold from 202m; – extensional

20FIRC133
3m at 5.76g/t gold from 65m; and – infill

20FIRC138
4m at 4.7g/t gold from 52m. – extensional

“Fingals Fortune is shaping up as a potential large pit which remains open in all directions and at depth and is a key focus for Resource growth and scale,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“We are also seeing the potential for underground mining to the south where diamond drilling shows a clear mineralised structure.

“This structure runs parallel to a line of historic shafts that extend over 750 metres and form part of a 1.2 kilometres mineralised trend beyond the current Resource.

“Furthermore, extensional drilling is planned to test mineralised trends that extend 1.2 kilometres to the north-west and a 1.4 kilometres long trend to the east of Fingals Fortune.

“Work will also be undertaken around encouraging intersections at the historic tailings storage facility which may not have seen adequate sterilisation.

“We are looking for Fingals Fortune to underpin our proposed mining operations well into the future.

“A new Resource over Fingals Fortune will be released in late January 2021.

“The latest drilling supports our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years Ore Reserves ahead of it.

“The latest drilling will be included in our program of ongoing Resource upgrades and mining studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Hammer Metals Claims New Copper-Gold Discovery

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) claimed a new copper-gold discovery at the Trafalgar prospect on the company’s Mt Isa East Joint Venture area in Queensland.

Hammer made the discovery from drilling undertaken late 2020 at Trafalgar, with further drilling carried out on the Shadow and Even Steven South prospects.

Intercepts from two holes drilled at Trafalgar include:

HMTRRC001
55 metres at 1.12 per cent copper and 0.3 grams per tonne gold from 119m, including 16m at 1.77 per cent copper and 0.49g/t gold from 149m; and

HMTRRC002
32m at 1.04 per cent copper and 0.25g/t gold from 64m, including 6m at 2.38 per cent copper and 1.45g/t gold from 91m.

The Trafalgar prospect forms part of an extensive copper-gold soil anomaly which stretches for 2.7km with little previous exploration.

The results of this drilling will be reviewed by the Joint Venture with a view to conducting further evaluation in the next phase of exploration.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

 

 

 

Musgrave Minerals Extends Target 5 Gold at Cue

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from regional aircore drilling across numerous targets on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Follow-up aircore drilling at Target 5, located four kilometres to the south of the Break of Day deposit returned strong high-grade, near surface gold results, including:

20MUAC397
6m at 10.62 grams per tonne gold from 30m;

20MUAC412
6m at 5.23g/t gold from 24m within a broader interval of 18m at 1.97g/t gold from 24m to EOH;

20MUAC407
6m at 4.56g/t gold from 36m to EOH;

20MUAC396
6m at 3.24g/t gold from 36m to EOH;

20MUAC402
30m at 1.10g/t gold from 12m to EOH; and

20MUAC403
18m at 1.15g/t gold from surface.

“This is another excellent set of results from our regional drilling program where we continue to have success with our gold exploration,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further strong, early stage, near surface, gold hits were received across a number of targets with Target 5 being the highlight.

“Target 5 is open along strike, both to the north and south, with significant potential to extend the mineralisation.

“We are back drilling again at the White Heat prospect and will have a second drill rig on site in the first week of February.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Gascoyne Resources Scores Further Hits Close to Dalgaranga Plant

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) produced further high-grade drill results from the company’s Dalgaranga gold project in Western Australia.

The latest results show drilling encountered mineralisation located outside of Dalgaranga’s current Mineral Resources, Ore Reserves and Life of Mine plan.

Intersections immediately below the current mine plan returned from the southern end of the Gilbey’s Main Zone included:

13 metres at 2.1 grams per tonne gold from 228m; and
44m at 1g/t gold from 221m, including 10m at 1.9g/t gold.

High-grade intersections were encountered from the priority satellite mining targets of Sly Fox and Plymouth, including:

Sly Fox

26m at 2.3g/t gold from 277m, including 16m at 3g/t gold.

Plymouth

3m at 6.2g/t gold from 31m, including 1m at 16.2g/t gold.

Gascoyne has follow-up RC drilling planned to commence in January, with the very southern end of the Gilbey’s Main Zone to be drilled first.

Aircore drilling has recommenced at Dalgaranga after the Christmas break testing regional targets at Tanqueray, Lindville and Gilbey’s corridor area (within 10km of processing plant).

“Continued success from resource definition drilling within 1.5 kilometres of the Dalgaranga processing plant is increasing our confidence that we can organically extend the current seven year mine life of the operation,” Gascoyne Resources managing director and CEO Richard Hay said in the company’s ASX announcement.

“Updated Mineral Resource Estimates for Gilbey’s, Sly Fox and Plymouth will be completed in the coming months which will underpin an updated Dalgaranga Life of Mine Plan to be released in the June quarter 2021.

“The possibility of adding a satellite feed component to the current open pit mining at Gilbey’s has potential to deliver both mine life extensions and incremental production growth.

“We will continue to allocate additional funds to drilling across these targets based on ongoing success.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

Auteco Minerals Hits Mineralisation Outside Pickle Lake Resource

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) has scored strong drilling results outside the current Resource at the company’s Pickle Crow deposit in Ontario, Canada.

Auteco Minerals said the results pave the way for an increase in the current Independent JORC 2012 Inferred Resource at Pickle Crow of one million ounces at 11.3 grams per tonne gold.

The current phase of drilling has intersected extensions to known mineralised structures in addition to the discovery of previously undefined mineralisation, all of which are outside of the reported one million ounce Resource.

Results include:

AUDD0078
5.6m at 33.4 grams per tonne gold from 20.3m in hole (Shaft 3 Veins) – New Structure

AUDD0077
1.6m at 16.7g/t gold from 12.7m in hole (Shaft 3 Veins) – New Structure

AUDD0056
2m at 8.2g/t gold from 396.5m in hole (Shaft 1 Veins) – Extension of Structure

AUDD0056
4m at 5.9g/t gold from 420m in hold (Shaft 1 Veins) – Extension of Structure

“These latest results provide more evidence of the strong potential to grow the one million ounces Resource at Pickle Crow,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“This is supported by the definition of multiple new areas of high-grade quartz vein-hosted mineralisation with excellent geological continuity and multiple instances of visible gold.

“This is the same style of mineralisation from which the mine produced 1.5 million ounces at 16 grams per tonne gold historically.

“The width and high-grade of recently returned results, coupled with their shallow nature reinforces the numerous resource growth opportunities at the project.

“These results are supported by numerous high-grade historical drill intercepts outside of current resources which will help to fast-track the definition of the new areas towards resource classification.

“With three drill rigs currently operating and given the strength of the latest results, we remain on track to meet our intended Resource upgrade in the June quarter of 2021.”

 

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

Auroch Minerals Commences Nepean RC Drilling

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced commencement of reverse-circulation (RC) drilling at the company’s Nepean nickel project south of Coolgardie in Western Australia.

The Nepean nickel project contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing approx. 1.1 million tonnes of ore between 1970 and 1987 for 32,202 tonnes of nickel metal at an average recovered grade of 2.99 per cent nickel.

The drilling is targeting a series of untested highly prospective aeromagnetic targets to the north and south of the Nepean mine that align with the mine’s stratigraphy and are considered by the company to represent a serpentinised core or high magnesium oxide unit of the komatiitic unit.

The targets extend for over 10km of strike and Auroch believes each has potential to host substantial massive nickel sulphide mineralisation.

The drillholes at these exploration targets have been planned to intersect the ultramafic-basalt contact and to define channel geometry, fertility and the presence of any nickel sulphides.

“We are pleased to have drilling underway at our recently-acquired high-grade Nepean nickel project, and are very excited by the huge potential to build on the existing nickel sulphide mineralisation as well as uncover further significant high-grade nickel sulphides,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The nickel price has continued to rise to over US$18,000 per tonne and many forecasts for the price of nickel have recently been upgraded as we continue to see a greater disconnect between supply and demand for nickel, and in particular for Tier 1 nickel, forecasted for the next few years.

“As such, Auroch has aggressive work programmes planned for 2021 as we consolidate our existing high-grade nickel sulphide resources and move towards scoping studies, whilst at the same time continue to aggressively explore for new nickel discoveries, and we look forward to creating real value for our shareholders this year.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurochminerals.com

 

Prodigy Gold JV Hits Bedrock Gold at Lake Mackay

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THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) reported results from drilling completed on the Lake Mackay project in the Northern Territory.

The Lake Mackay project is held in Joint Venture with IGO Limited (ASX: IGO), with IGO holding a 70% JV interest in the tenements and Prodigy Gold holding a 30% JV interest.

Recent work at Lake Mackay has focused on drilling six targets considered prospective for cobalt-nickel-manganese, gold and copper mineralisation, with a total of 65 aircore holes completed in the most recent program.

The targets included the Goldbug gold prospect, Grimlock nickel-cobalt prospect, Grapple prospect and first drilling completed at the Swoop nickel-cobalt target.

Bedrock gold was intersected at Goldbug prospect, returning:

20LMRC039
16 metres at 1.15 grams per tonne gold, 4m at 0.78g/t gold and 4m at 1.54g/t gold.

20LMRC041
8m at 1.2g/t gold.

The Goldbug soil gold anomalism has been extended for 600m and is open to the east and north west – located 50km to the east of the Arcee Gold prospect.

Cobalt was intersected by shallow drilling at the Swoop prospect with results of up to 0.15 per cent cobalt and 0.67 per cent nickel in AC drilling.

Additional cobalt and nickel results at the Grimlock target returned up to 0.29 per cent cobalt and 1.56 per cent nickel in AC drilling.

“The JV continues to systematically explore the large-scale Lake Mackay project for multiple styles of precious and base metals mineralisation, and these latest results have provided us with some encouraging insights,” Prodigy Gold managing director Matt Briggs said in the company’s ASX announcement.

“Bedrock gold has been intersected in RC drilling at Goldbug for the first time.

“This is a large-scale soil anomaly extending for over 600 metres.

“Goldbug is located 50 kilometres to the east of the Arcee gold prospect that yielded a previous result of 12 metres at 3.5 grams per tonne gold, so we have prioritised this target for further follow-up work.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@prodigygold.com.au

 

Web: www.prodigygold.com.au

 

Northern Minerals Drills Growth Potential at Browns Range

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has been encouraged by assay results from drilling across several targets at the company’s Browns Range project in Western Australia.

Northern Minerals completed 8,500 metres of reverse circulation (RC) drilling at Browns Range in late 2020, having commenced a $5 million exploration program to include up to 16,500m of drilling before the end of June 2021.

The first batch of assay results have been received from 45 drill holes at Dazzler Northwest (7 holes), Dazzler North/Ripcord (16 holes), Dazzler (6 holes), Gambit West (7 holes), Wolverine West (4 holes) and a new prospect named Toad (5 holes).

Encouraging drill results were received from first-pass drilling at the Toad and Dazzler North prospects.

Best results from Toad were:

BRR0541
9 metres at 0.54 per cent total rare earth oxide (TREO) from 53m, and
11m at 0.37 per cent TREO from 52m

At Dazzler North an intercept of 3m at 0.74 per cent TREO from 8m was returned.

Northern Minerals will follow-up these initial results in the second phase of drilling being planned at Browns Range in 2021, following the end of the wet season in the Kimberley region.

“We are very pleased to have exceeded our target of getting at least 8,000 metres of drilling completed before Christmas as well as post some very encouraging early results,” Northern Minerals CEO Mark Tory said in the company’s ASX announcement.

“Following up on these results will be one component of the second phase of our exploration drilling campaign, which we will be back on the ground to complete before the end of June.

“The relatively shallow depth as well as the grade and widths of some of these intersections give us plenty to work with, however much of the drilling in the first half of 2021 will be at new greenfields targets.

“Our overall strategy remains to increase the Mineral Resource and the life-of-mine potential at Browns Range to more than 20 years.

“This will feed into a future feasibility study for a potential commercial scale heavy rare earths operation at Browns Range.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@northernminerals.com.au

 

Web: www.northernminerals.com.au