Great Boulder Resources hits Thick Zones at Blue Poles

/in , /by

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) announced results from a maiden reverse circulation (RC) drilling program carried out in November 2020 at the Blue Poles Prospect, situated within the company’s Whiteheads project north of Kalgoorlie in Western Australia.

Great Boulder Resources declared the drilling had confirmed the discovery of new gold mineralisation at Blue Poles.

Fifteen RC holes were drilled for a total of 1,448m to test primary gold mineralisation beneath air-core (AC) drilling intersections.

The program identified primary mineralisation over a 700 metres strike length, including broad zones of up to:

20BPRC006
52 metres at 1.02 grams per tonne gold from 28m to the end of hole.

Lower grade intersections were also encountered over considerable widths including:

20BPRC010
28m at 0.61g/t gold from 32m;

20BPRC009
29m at 0.66g/t gold from 68m; and

20BPRC012
42m at 0.45g/t gold from 28m.

“This is an exciting development at Blue Poles,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“There are two key takeaways here: firstly, we’ve identified primary gold over a 700 metres length in our first few RC holes, and it remains open at depth and to the south.

“That means the deposit is in-situ and not just a shallow supergene deposit limited to the weathered, near-surface material.

“Secondly, these intersections up to 52 metres wide demonstrate the potential for a large mineralised system.

“The next round of drilling will test the true thickness of these zones.

“These initial holes are on lines 100 metres apart, so the discovery remains at a very early stage.”

Great Boulder is already planning a second round of RC drilling to define and extend these results.

This will commence following the completion of gravity survey processing and target planning.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Andrew Radonjic Venture Minerals (ASX: VMS) January 2021

/in /by

 

2021 started with a bang and so has Venture Minerals (ASX: VMS) with trenching results from the company’s Kulin gold project in Western Australia proving a touch more than encouraging. Venture’s managing director Andrew Radonjic ZOOMed into The Resources Roadhouse to provide a glimpse of what the company has in store for 2021.

 

Deposit Receives More Spring in its Step

/in , /by

THE CONFERENCE CALLER: Emerging Latin American base metals player Centaurus Metals (ASX: CTM) couldn’t have finished 2020 on a better note after drilling one of the best ever holes at its Jaguar nickel suphide project in northern Brazil. By Mark Fraser

During the second half of December the company announced the drill rig had returned a robust 30.8 metres at 3.3% nickel, 0.22% copper and 0.06% cobalt from a depth of 180.7m at its Jaguar Central deposit, which has become a key element in the strong and early economics underpinning the project’s proposed development.

So far Centaurus has established a JORC-compliant mineral resource estimate at Jaguar of 48 million tonnes grading 1.08% nickel for 517,500t of contained nickel – including 7.4 million tonnes at 1.13% nickel for more than 80,000t of contained nickel for Jaguar Central.

Meanwhile, a high grade resource of 20.6 million tonnes at 1.56% nickel for 321,400t of contained nickel includes a near-surface component at Jaguar Central of 4.1 million tonnes at 1.44% nickel for around 60,000t of contained nickel.

According to the company, the latest step-out hole was targeting a 30m zone of semi-massive to massive nickel sulphides. The above-mentioned 30.8m intercept – which included 12m at 2.31% nickel, 0.21% copper and 0.05% cobalt from 180.7m as well as 12.1m at 5.38% nickel, 0.31% copper and 0.09% cobalt (from 195.3m) – confirmed there were down-dip extensions to the high-grade nickel mineralisation shoot at Jaguar Central, which is now over 500m long and remains open at depth and along strike.

Further evidence that this demonstrated “the significant growth potential and upside at the deposit” was then provided when another step-out hole located 100m east intersected the top of the high grade shoot, returning 11m at 0.76% nickel, 0.03% copper and 0.02% cobalt (from 127m) and 20.2m at 1% nickel, 0.04% copper and 0.03% cobalt (from 153.3m).

In addition, Centaurus said, recent infill, extensional and step out drilling at Jaguar South also yielded consistent thick and shallow nickel sulphide intersections, including 20m at 1.4% nickel, 0.05% copper and 0.02% cobalt (from 161m) – with 4.7m at 2.18% nickel, 0.1% copper and 0.05% cobalt (from 161m) in addition to 4.2m at 3.42% nickel, 0.08% copper and 0.09% cobalt (from 172m) – as well as 17.2m at 1.19% nickel, 0.03% copper and 0.03% cobalt (from 162.6m), 11m at 1.21% nickel, 0.07% copper and 0.03% cobalt (from 89m), 9.6m at 1.04% nickel, 0.03% copper and 0.02% cobalt (from 81.5m) and 26.6m at 0.65% nickel, 0.02% copper and 0.01% cobalt (from 168.5m).

While encouraged by all of this good news, Centaurus’ managing director Darren Gordon said the 30.8m diamond hole intercept announced just before Christmas was, for the time being, the second-best nickel sulphide intersection drilled across the entire Jaguar project.

And while it “couldn’t quite pip” an earlier hole at Jaguar South which returned 34m at 3.31% nickel, it nevertheless was “another clear demonstration of the potential of this project to deliver thick zones of semi-massive to massive high-tenor nickel sulphides”.

“Importantly, this hole and other recent step-out holes are located well beyond the current mineral resource boundary, demonstrating the exceptional growth potential and upside the Jaguar project still has to offer as we continue to step out and drill deeper holes across the project area,” Gordon noted.

“Our recent drilling has confirmed the continuity of thick high-grade mineralisation at depth at Jaguar Central, with the growth of the deposit in this area having the potential to either drive down the depth of any future open pit or facilitate a quality start-up option for a future underground operation.

“Our recent drilling has also further enhanced our growing understanding of the potential economics of the Jaguar Central deposit. The in-fill and step-out drilling at Jaguar South is also going very well with results demonstrating the consistency of the mineralisation both along strike and down-dip.

“These results are all expected to contribute to an excellent outcome for the JORC mineral resource estimate upgrade planned for early in the first quarter of 2021.”

Located on the western side of the well-established Carajás Mineral Province in the Pará state of Brazil, Jaguar was discovered by Vale in 2007. Centaurus acquired the project in 2019 with over 55,000m of drilling already completed along with baseline metallurgical studies.

The company’s tenure in the region is over 100 square km incorporating Jaguar, which spans over a prospective strike of about 7 km.

The project sits on low population density farmland with only four key landowners.

The Pará state is a mining friendly jurisdiction and the Carajás region has established transport routes to port (road and rail), power infrastructure, a skilled mining workforce and access to key mining services.

A high voltage power substation is located at Vale’s Onça-Puma ferronickel plant 15 km to the north. Water is readily available in the area. Meanwhile, rail is accessible from the iron ore hub of Parauapebas.

Initial metallurgical testwork shows potential for around 82% nickel recoveries producing a 16% nickel concentrate for the Jaguar South and Onça Preta deposits.

Centaurus is aiming to generate a single flowsheet for all mineralised material to provide flexibility in co-treating ores from various deposits in the project.

More on the company’s progress will be provided at this year’s RIU Explorers Conference in Fremantle during February.

Sustained Activity Delivers Results for Active Junior

/in , /by

THE CONFERENCE CALLER: From all indications gold explorer Apollo Consolidated (ASX: AOP) will be kept busy during the first half of 2021 as it formalises – and adds to – the impressive one million ounce-plus inventory it has already established at its wholly-owned Lake Rebecca project in Western Australia’s Goldfields. By Mark Fraser

Late last year, while releasing the latest assay results for infill and step-down drilling at the Rebecca deposit, the WA-based junior indicated a re-estimation of mineral resources was planned for the current quarter which, in turn, would guide both exploration priorities and possible commercial studies moving forward.

Continued and sustained activity over 2020, the company said, had led to significant progress at the Rebecca, Duchess and Duke ore bodies, as well as the identification of new mineralisation at Duchess and Rebecca in addition to the discovery of exciting new zones of mineralisation under cover such as Cleo.

Infill and step-down RC drill holes had returned promising intercepts which are now expected to add further mineralisation to the project’s geological interpretation.

These included one hole that yielded three wide gold zones of 30 metres at 1.16 grams per tonne from 143m (the Laura structure), 33m at 1.46g/t from 217m as well as 15m at 1.74g/t from 255m (the Maddy structure).

These results confirmed – and extended -the broad mineralisation in this area. Moreover, these intercepts were interpreted to be close to true width.

Meanwhile, another pre-collar hole intersected 10m at 1.46g/t gold (end of hole) from 350m, which was interpreted to be a mineralised position in the hanging wall of the Laura structure.

This hole will be extended with a diamond “tail” to further test the Laura structure (80m down dip from 4.7m at 19.1g/t) in a previous hole.

Additionally, shallow drilling in up-dip positions identified additional near-surface gold mineralisation, including 10m at 1.22g/t from 30m, 8m at 3.53g/t from 43m and 3m at 8.22g/t (with 1m at a spectacular 22.8g/t) from 85m.

Other intersections included 10m at 0.84g/t from 10m, 8m at 2.58g/t from 48m as well as 5m at 2.55 g/t.

Ongoing drilling along the (approximate) 1.7 km long Rebecca deposit, Apollo said, continued to demonstrate the strength of this mineralised system and it was “pleasing to see mineralisation intercepted as expected in geological modelling as well as in new structural positions”.

In addition, a further eight RC holes and four diamond drill holes were completed at Rebecca.

The major mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

At the Duchess deposit a further 12 infill and step-out RC drill holes were completed, with a best result of 20m at 1.64g/t from 110m returned in a step-down hole which confirmed an extended and widening mineralised structure at this location.

Other holes drilled typically intersected gold mineralisation in expected positions, with results including 10m at 0.88g/t from 115m, and 4m at 1.59g/t (from 94m) as well as 3m at 1.28g/t (from 66m).

This hole is at the southern end of the Duchess drill-out and points to further exploration potential in the area extending toward Duke.

Apollo said ongoing drilling had built a greater understanding of the Duchess mineralised system, which was characterised by more advanced deformation and alteration than seen in other deposits in the project area.

The deposit comprises multiple north-south trending and west-dipping gold structures distributed over an area 900m long and around 400m wide. Reported intercepts are generally interpreted to be close to true width.

Drilling since the announcement of the maiden Duchess mineral resource (180,000 oz inferred) in February 2020 has defined a new mineralised position in the north east part of the deposit as well as local step-out and step-down extensions.

Shallow drilling is expected to continue into 2021, particularly to define near-surface mineralisation up-dip from known structures.

Apollo now expects to re-estimate its mineral resources, the results of which will guide exploration priorities and possible commercial studies some time this year.

The company said drilling would continue in January, with multiple “live” targets available, led by open high grade mineralisation at the Rebecca deposit.

It is expected all these results will be included in an updated mineral resource estimates planned for the current quarter.

Comprising 160 square km of tenure located some 150km east of Kalgoorlie-Boulder, Apollo’s project area covers the eastern margin of the Norseman-Wiluna Greenstone Belt and sits at the southern end of the Laverton Tectonic Zone.

Located in a similar geological setting just 140-150km to the north-west are three world class gold operations – Barrick Gold Corp’s (TSX: ABX) Granny Smith and Wallaby mines as well as AngloGold Ashanti’s (ASX: AGG) Sunrise Dam project.

Apollo also continues to retain a valuable royalty interest over the 1 million oz (plus) Seguela gold project in central Cote d’Ivoire in a joint venture with the Toronto-listed Roxgold (TSX: ROXG).

More on the company’s progress will be provided at this year’s RIU Explorers Conference in Fremantle during February.

 

 

Genesis Minerals Confirms Ulysses Resource Growth Potential

/in , /by

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) released results from ongoing Resource drilling at the company’s Ulysses gold project in Western Australia.

Genesis Minerals declared the results had confirmed the potential to expand and upgrade existing Resources within the Ulysses project, including all deposits within the recently acquired Kookynie group of tenements.

The latest highly-encouraging results were from Reverse Circulation (RC) drilling completed prior to Christmas at both the Orient Well and Butterfly-Clark deposits.

The drilling at Orient Well was part of a large program designed to expand and upgrade the existing 61,000-ounce Mineral Resource, where results received to date have demonstrated strong potential to grow the existing Resource.

All of the latest results are from areas outside the current Resource.

Drilling on the Clark-Butterfly area focused on an area targeting the Hercules and Clark shears and also focused on upgrading parts of the Inferred Resource at Butterfly.

“This is a great way to start the New Year, with another batch of impressive assay results from both the Orient Well and Butterfly-Clark areas,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“At Orient Well, all of the new results are from outside the current 61,000-ounce Resource and show clear potential to grow this Resource.

“At Clark-Butterfly, recent drilling has focused on the potential of the Hercules and Clark shears and also intersected significant mineralisation outside the known deposits.

“Drilling has now re-commenced across the greater Ulysses project with one RC rig currently on site.

“We expect to deliver an updated project-wide Mineral Resource in the first quarter of 2021, which will underpin the completion of a Feasibility Study and provide a solid platform from which to progress the development of a significant new standalone gold mining and processing operation at Ulysses.”

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

De Grey Mining Hits Consistent Gold at Falcon

/in , /by

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) received further good news from drilling undertaken at the company’s Hemi gold discovery in Western Australia.

De Grey Mining’s latest drilling concentrated on the Falcon prospect, utilising step out and infill RC and diamond drilling.

Results demonstrate consistently thick zones of gold mineralisation up to 80m wide, 350m down dip and over 1km in strike with mineralisation open at depth along the entire strike.

De Grey indicated drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.

RC drilling is continuing on an 80m by 40m pattern, with diamond tails to test mineralisation at depth.

Drilling highlights include:

HERC424
92m at 1.3 grams per tonne gold from 124m. This hole was 50m up dip of a previous intersection of 92m at 1.3g/t gold encountered in HERC233D.

HERC421
67m at 1.6g/t gold from 119m – within an overall interval of 93m at 1.2g/t gold from 110m

HERC402D
66.7m at 1.4g/t gold from 198.3m – within an overall interval of 145.7m at 0.9g/t gold from 198.3m. Visible gold was previously reported in HERC402D

HERC425
25m at 2.1g/t gold from 268m – within an overall interval of 90m at 1g/t gold from 210m – The hole ended in a mineralised horizon – a diamond tail follow-up is planned.

HERC299DW1
20.9m at 1.9g/t gold from 369m – within an overall interval of 133.4m at 0.7g/t gold from 256.5m − Mineralisation tested to approximately 350 vertical metres and remains open at depth.

HERC426
6m at 5.9g/t gold from 99m.

De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.
“The latest results at Falcon demonstrate the consistently high gold endowment of this zone along a strike of 1,000 metres and to a depth of at least 350 metres.

“Mineralisation remains open down dip, along this strike and up dip on some sections.

“Drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.

“The company has recommenced its drilling program with eight drill rigs operating on site – two aircore rigs, three RC rigs and three diamond rigs.

“As well as delineating the existing zones at Hemi, aircore and RC drilling is progressively expanding to known and new intrusive targets in the Greater Hemi area.

“Aircore and RC drilling to identify new zones outside Hemi is currently focused to the north and west of Crow.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Comet Resources Confirms High Copper and Zinc Grades

/in , /by

THE DRILL SERGEANT: Comet Resources (ASX: CRL) reported assay results from mineralised samples taken during a November 2020 field program at the company’s Barraba copper project located in the New England area of New South Wales.

Comet has now received complete assay results from samples taken from the historical high-grade Murchison copper mine site and the Gulf Creek North prospects.

Copper assay results from the historic Murchison Mine site returned levels up to 4.6 per cent, zinc up to 4 per cent and cobalt up to 0.7 per cent from mine dump samples.

Subsequent soil geochemical sampling and analysis confirmed surface copper mineralisation around the Murchison Mine, open to the West and East.

Historical data indicates the Murchison mine is a VMS-style deposit, the type that often occur in clusters due to the nature of the hydrothermal processes that form them.

This is the case at the Barraba copper project with three historic VMS deposits identified within the project area.

“These assay results, with high copper, zinc and cobalt, have confirmed that the historic Murchison copper mine at the Barraba copper project is another area of high priority exploration interest to us,” Comet Resources managing director Matthew O’Kane said in the company’s ASX announcement.

“In addition to the known historical high-grade mineralisation at the Gulf Creek Mine, these results now provide us with multiple exploration targets at the project.

“We look forward to advancing physical exploration works on both prospects.”

The Murchison copper mine produced ore in the early 1900s with historical records indicating underground workings to 16m, as well as a number of shallow pits.

Historical production records state copper was produced at an average grade of 3 per cent, with historical assays up to 5.1 per cent.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: comet@cometres.com.au

 

Web: www.cometres.com.au

 

Black Cat Syndicate Recommences Kal East Drilling

/in , /by

THE DRILL SERGEANT: Black Cat Syndicate heralded the arrival of 2021 with the recommencement of RC drilling activities at Fingals Fortune and Imperial/Majestic, which comprise part of the company’s Kal East gold project in Western Australia.

Drilling at Fingals Fortune during the latter part of 2020, identified several new zones of mineralisation.

Black Cat commenced drilling with one RC rig in place that is due to be joined by another soon.

The drilling program is to include a substantial amount of infill drilling, designed to upgrade the current JORC 2012-complaint Mineral Resource.

Another rig is conducting a sterilisation program for the proposed processing and tailings storage facilities adjacent to Imperial/Majestic.

“The recommencement of drilling is part of our strategy to increase and upgrade Resources ahead of mining,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Fingals Fortune is shaping up to be a large pit and remains open in all directions and at depth.

“Drilling will be looking to ensure that Fingals Fortune underpins and further extends the life of mine at the Kal East gold project.

“This drilling will be included in ongoing Resource upgrades and the next round of studies.

“These programs support 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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Moho Resources Scores Surprise Gold Mineralisation Hits

/in , /by

THE DRILL SERGEANT: Moho Resources (ASX: MOH) was surprised to find that drilling can lead to mineralisation.

Moho Resources reported it had encountered “additional unexpected high-grade gold assay results” from a diamond drilling campaign to infill and extend gold mineralisation at the company’s East Sampson Dam gold prospect in Western Australia.

The drilling intersected multiple zones of high-grade gold mineralisation in diamond drill hole SSMH0100, including:

7 metres at 4.78g/t gold from 51m, including 1m at 22.2g/t gold from 53m;
5m at 8.01g/t gold from 59m, including 1m at 23.5g/t gold from 60m;
2m at 6.91g/t gold from 77m; and
3m at 0.79g/t gold from 72m.

SSMH0100 discovered four new unexpected and significant gold intercepts outside of known mineralised zones.

The predominantly high-grade gold intersections appear to extend high-grade mineralisation previously discovered in MRC008, SSMH0067 and SSMH0091 into new areas.

This new mineralisation is found in saprolitic tuff with minor quartz veining and is in line with previous observations of there being no visible high-grade gold in the drill core.

“These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high-grade gold zones at Moho’s 100 per cent-owned East Sampson Dam prospect,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Legend Mining Confirms ‘Best Hole’ at Mawson Prospect

/in , /by

THE DRILL SERGEANT: Legend Mining (ASX: LEG) was always confident of what drillhole RKDD034 at the Mawson prospect within the company’s Rockford project in the Fraser Range of Western Australia could be.

Legend Mining has been able to back up this confidence with assay results from the massive sulphide intersected in RKDD034 demonstrating the thickest and highest-grade massive nickel-copper sulphide intercept at Mawson to date of:

31.1 metres at 2.8 per cent nickel, 2.04 per cent copper, 0.15 per cent cobalt from 200.7m.

The hole included nickel values up to 3.26 per cent, copper values up to 3.84 per cent, and cobalt values up to 0.17 per cent.

“These assay results are further confirmation of our earlier assessment that hole 34 is the best hole drilled at Mawson to date,” Legend Mining managing director Mark Wilson said in the company’s ASX announcement.

“The combination of the widths and grades of the massive sulphides in this hole support our conviction that we are dealing with a mineralised system of substance at Mawson.

“The purpose of the hole was to conduct Phase 1 metallurgical tests and the results of this test work will be reported once received.

“Meanwhile further assay results from 2020 drilling programs are rolling in for compilation and assessment.

“Once integrated with existing data, they will assist in future drill planning for the 2021 field season.”

RKDD034 was designed as a twin of discovery hole RKDD008 for Phase 1 metallurgical test work on a representative massive nickel-copper sulphide domain of the mineralisation identified at Mawson.

A total of 43.1m of massive nickel-copper was intersected downhole.

 

 

Web: www.legendmining.com.au