Kin Mining Drilling Reveals High-Grade Gold at Depth

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) has had the drill bit spinning to return assay results from recent air-core (AC) and Reverse Circulation (RC) drilling at the East Lynne and Collymore prospects at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.

Kin Mining conducted the drilling as part of an ongoing Phase 3 drilling program at the CGP.

The East Lynne trend is located some three kilometres north-east of the proposed plant site at the CGP and is a greenfields gold target Kin’s geological team identified over the past 12 months as a result of systematic exploration work.

The company completed a total 19,500m of AC drilling over the East Lynne project area, with in-fill drilling completed over the northern portion to a 200m line spacing (Lines 15 to 21).

Assay results for the in-fill air-core (AC) drilling Lines 15 to 21 at the northern portion of the East Lynne trend include:

EL20AC341
8 metres at 1.52 grams per tonne gold from 16m;

EL20AC358
4m at 1.27g/t gold from 20m;

EL20AC359
4m at 1.67g/t gold from 20m; and

EL20AC396
4m at 4.18g/t gold from 28m.

“In-fill aircore drilling at 200 metres line spacing is continuing to deliver positive results at East Lynne, with more encouraging ore grade results seen in the Northern Zone,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This program now concludes the AC drilling program for 2020.

“The program has defined the East Lynne mineralisation at 200 metres line spacing over 3.2 kilometres in several semicontinuous positions.

“In addition, the program has also delineated a new zone of mineralisation at Collymore extending over a strike extent of 1,200 metres.”

The company has also completed an initial RC drilling program at both East Lynne and Collymore to test immediately beneath ore grade intersections from earlier AC drilling programs.

Assay results from the Reverse Circulation (RC) drilling at East Lynne and Collymore show potential for high-grade mineralisation, as seen at other deposits at Cardinia such as Hobby and Cardinia Hill, including:

EL20RC376
2m at 1.94g/t gold from 79m;

EL20RC377
1m at 3.51g/t gold from 76m;

EL20RC380
1m at 3.79g/t gold from 22m; and

CM20RC062
1m at 6.1g/t gold from 12m.

Kin Mining will use these results to vector in to priority target zones at East Lynne and Collymore as part of planned follow-up RC drilling early next year.

“The initial program of RC and diamond drilling undertaken at East Lynne and Collymore has helped our understanding of these two targets within the large Cardinia mineralised system,” Munckton said.

“The anomalous soil geochemistry and strong AC results in the oxide zone have helped us target the initial RC drilling positions.

“The combination of the AC and initial RC drilling has outlined semi-continuous mineralisation in several zones over an extensive area with occasional very high-grade intersections over the four metres and one metre sample intervals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Calidus Resources Extends Coronation Deposit Mineralisation

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) has extended the strike length of the known mineralisation at the company’s Coronation deposit in the Pilbara region of Western Australia.

Calidus Resources completed the latest drilling as part of a two-pronged strategy it is implementing looking to create value through exploration at the same time as developing its Warrawoona gold project.

Latest results include:

20CRRC041
14 metres at 3.77 grams per tonne gold from 52m;

20CRRC058
6m at 2.15g/t gold from 30m;

20CRRC050
3m at 4g/t gold from 54m;

20CRRC030
3m at 2.91g/t gold from 36m;

20CRRC027
5m at 1.59g/t gold from 22m;

20CRRC060
4m at 1.85g/t gold from 2m; and

20CRRC039
2m at 3.08g/t gold from 76m.

“Coronation is just eight kilometres from Warrawoona and is emerging as a potential satellite ore source,” Calidus Resources managing director Reeves said in the company’s ASX announcement.

“The infill drilling at Coronation has effectively doubled the strike length of the resource envelope, with mineralisation now traced over 800 metres length and to a depth of up to 150 metres.

“The deposit is open to the south-east and at depth, so that gives us further confidence of additional exploration success and the possibility of adding the first of many satellite deposits to feed into the Warrawoona development which could potentially extend mine life and increase production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Miramar Resources Commences Gidji Drill Campaign

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its exploration aspirations with commencement of its first drilling campaign at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie.

Miramar Resources has commenced aircore drilling on the Gidji JV, the initial focus of which will be on testing the potential for extensions to the 314,000-ounce Runway gold deposit located immediately south of the project’s southern tenement boundary.

Miramar cited historic KCGM reports, it said shows the Runway deposit to include a higher-grade oxide component above the deeper primary mineralisation.

The initial aircore drilling program aims to test the potential for the oxide mineralisation to continue onto Miramar’s tenements, and, by inference, the potential existence of the deeper primary mineralisation.

The initial program will be followed up with further aircore, along with deeper RC/diamond drilling.

“We believe the Runway deposit only stops at our tenement boundary due to a lack of effective drilling,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The strike length of the existing Runway deposit is only about 400 metres and we currently have a similar gap between the tenement boundary and the first line of effective drilling on our ground.

“If we can replicate what KCGM discovered at Runway, we could be well on our way to our first development opportunity.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Firefly Resources Intersects Further High-Grade Gold at Yalgoo

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THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported new results from a second batch of assays received from a recently completed second phase drilling undertaken at the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources declared the results had confirmed the consistency, high-grade potential and shallow nature of the mineralisation within the Melville gold deposit.

New assay results include:

FMRC0018
50 metres at 1.4 grams per tonne gold, including 4m at 5.2g/t gold and 5m at 4.04g/t gold;

FMRC0021
30m at 1.23g/t gold, including 6m at 7.48g/t gold;

FMRC0031
22m at 5.36g/t gold, including 5m at 17.5g/t gold, including 1m at 73.3g/t gold;

FMRC0033
17m at 2.75g/t gold, including 3m at 7.48g/t gold; and

FMRC0013
3m at 5.89g/t gold, including 1m at 17g/t gold.

“We have completed systematic drill test of areas that we believed were more ‘at-risk’ in the historical Melville resource estimate when we acquired the project,” Firefly Resources managing director Simon Lawson said in the company’s ASX announcement.

“While producing some spectacular gold results along the way, this drilling within the main resource area has strongly validated the historical data used in the previous estimate, giving us a high level of confidence in the previous estimate.

“The next phase of drilling, currently underway, is designed to significantly increase the footprint of mineralisation by targeting an area up to 500 metres to the north and along-strike from Melville.

“We have established an excellent foundation at Melville in our previous two phases of drilling, and it’s now time to step out and see how big we can grow our key gold asset at Yalgoo.

“Our small team is out there consistently generating results and testing the value proposition represented by Melville right now.

“We are really excited about what we are seeing in these latest drill-holes and have a schedule of targets along-strike from Melville as well as across the multiple proven mineralised trends in the wider Yalgoo gold project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au

 

Impact Minerals Encounters High-Grade Nickel-Copper-PGE at Plat Central

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) reported high-grade assays for platinum group elements (PGE) with associated high-grades of nickel and copper at the Plat Central prospect within the company’s Broken Hill project in New South Wales.

Impact Minerals declared the assays to have confirmed – and are in line with – expectations it had following measurements made with a hand-held XRF instrument of nickel, copper and Impact’s proprietary geochemical ratio which has been shown to have a positive correlation with PGE grades.

Results include:

PSIPT030
1 metre at 22.7 grams per tonne 7PGE, 3.3 per cent nickel, 1 per cent copper, 23g/t silver and 755g/t cobalt.

The 7PGE grade comprises: 10.9g/t palladium, 7.3g/t platinum, 0.9g/t rhodium, 1.3g/t osmium, 1.4g/t iridium and 0.6g/t ruthenium and 0.1g/t gold.

PSIPT031
7m at 3.8g/t 7PGE, 0.6 per cent copper, 0.5 per cent nickel, 9.4g/t silver and 167g/t cobalt down hole, including 1m at 6.3g/t 7PGE, 1.2 per cent copper, 0.8 per cent nickel, 19g/t silver and 229g/t cobalt.

The 7PGE grade for the 1 metre intercept comprises: 3.6g/t palladium, 1.8g/t platinum, 0.1g/t rhodium, 0.2g/t iridium, 0.2g/t osmium and 0.1g/t ruthenium and 0.3g/t gold.

PSIPT021
3m at 3.3g/t 3PGE, 0.6 per cent copper and 0.4 per cent nickel from 52m down hole, including 1m at 4.7 g/t 3PGE, 0.9 per cent copper, 0.4 per cent nickel from 52m.

The 3PGE grade for the 1m intercept comprises: 3g/t palladium, 1.4g/t platinum and 0.3g/t gold.

“The strong lateral zonation evident in the mineralisation at Plat Central is characteristic of a process called ‘sulphide fractionation’, which is well understood in magmatic nickel-copper-PGE systems,” Impact Mineals said in its ASX announcement.

“The process results in a distribution of metals that is reasonably predictable: proximal nickel-dominant mineralisation passes into copper-dominant mineralisation and then more distal PGM-dominant mineralisation.

“This may occur over many scales varying from metres to kilometres.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Sky Metals Intersects High-Grade Copper-Gold at Galwadgere

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THE DRILL SERGEANT: Sky Metals (ASX: SKY) is conducting programs of RC percussion and diamond drilling at the company’s Galwadgere copper-gold project near Wellington in New South Wales.

Sky Metals is drilling to test the strike and depth extent of the Galwadgere copper-gold deposit.

Seven holes have been completed to date that have intersected what the company consider encouraging widths of copper sulphide mineralisation (chalcopyrite), pyrite, quartz veining and associated alteration.

Two zones of high-grade copper-gold mineralisation were intersected in GARC002 within a wide zone of copper-gold mineralisation, returning:

GARC002
53 metres at 0.55 per cent copper, 0.75 grams per tonne gold from 142m, including 6m at 1.04 per cent copper, 2.15g/t gold from 142m and, 5m at 1.98 per cent copper, 3.91g/t gold from 183m.

“Results from drillhole GARC002 are considered both very exciting and extremely encouraging,” Sky Metals CEO Mark Arundell said in the company’s ASX announcement.

“The copper sulphide mineralisation and veining encountered in both the RC and diamond drillholes provides SKY with great confidence in the potential of the Galwadgere copper-gold project.

“Diamond and RC drilling at Galwadgere is part of the company’s aggressive exploration program focussed on drill testing high-potential targets.

“Currently, drill testing of high-quality gold targets at Hamilton (Cullarin project) and Caledonian is in progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@skymetals.com.au

 

Web: www.skymetals.com.au

 

 

De Grey Mining Hits Depth Extensions and Visible Gold at Falcon

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported a drilling update from the Falcon zone within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining carried out aircore drilling at the new Falcon intrusion, located approximately 600 metres west of the Brolga deposit and immediately south of the Aquila deposit.

The drilling encountered a broad mineralised zone extending from 800m to more than 1,000m along strike and 300m below surface at Falcon.

Results include:

HERC296
31 metres at 3.3 grams per tonne gold from 101m.

Tis intersection was achieved 50m downdip of a previous intersection of 50m at 3.3g/t gold from 50m in HERC265.

Mineralisation is interpreted to remain open across strike and down dip.

Elsewhere 42m of sulphide altered intrusion containing visible gold was intersected in HERC402D, extending mineralisation 50m – 100m below a previous intersection of 25m at 2.2g/t gold from 124m in HERC256.

Mineralisation is open down dip of HERC402D and up dip of HERC256.

Other intersections encountered along the mineralised zone include:

HERC414
74m at 0.9g/t gold from 88m and 31m at 1.3g/t gold from 209m; and

HERC412
32m at 2.4g/t gold from 43m and 8m at 5.5g/t gold from 99m.

De Grey claimed the intrusion to be now defined by aircore drilling over approximately three kilometres in strike.

Strong mineralisation has been defined over a strike length of approximately 1km with bedrock mineralisation covered by approximately 30m to 40m of transported material, similar to the Aquila, Brolga and Crow deposits.

“Falcon was identified as a separate intrusion zone at Hemi in September,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The company has been following up the initial positive shallow aircore drill results with infill and extensional RC and diamond drilling.

“The latest results demonstrate the gold endowment of this zone along a strike of 1,000 metres and to a depth of at least 300 metres.

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

“Falcon has the potential to provide an important contribution to the overall gold endowment at Hemi.

“Extensional RC and diamond drilling will remain a focus at Falcon.

“The company has seven drill rigs operating on site; two aircore rigs, three RC rigs and two diamond rigs.

“A third diamond rig is being mobilised and is expected to commence by early December.

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

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Azure Minerals Raises $37 to Advance Andover

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THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) is in a healthy position following the receipt of commitments to raise $37 million to clients of Euroz Hartleys Securities Limited.

Azure Minerals received assurances from new and existing institutional and sophisticated investors to raise the funds via the issue of 50 million fully paid ordinary shares at an issue price of 74 cents per share.

The company has the funds earmarked to immediately plan and undertake accelerated exploration at the large VC-07 target at its Andover nickel-copper project in Western Australia.

Azure currently has one diamond drill rig operating at Andover and, with the exception of a short Christmas break, will continue drilling into 2021.

“We are very encouraged by the positive response to our fundraising and are now in the strong position of accelerating the exploration on our new projects,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“These projects tick all the boxes – right location, right commodities, right partner and delivering outstanding results.

“The first five holes drilled by us at Andover are nothing less than exceptional, with all intersecting substantial widths of nickel-copper sulphide mineralisation.

“We will immediately move to secure multiple drill rigs for the drill-out of the VC-07 target and to test the other 12 strong electromagnetic (EM) anomalies on the project.

“The funding also allows us the capacity to commence exploration on the Turner River gold project, which is along strike of De Grey Mining’s Hemi and other gold discoveries.

“We are looking to expedite the grant of the exploration licences and start work as soon as possible.”

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Great Boulder Resources Extends Mulga Bill Strike

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) recently completed a round of air-core (AC) and auger programs at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources declared the AC program had confirmed the strike of mineralisation within the Mulga Bill corridor, demonstrating multiple parallel north-south mineralised trends.

The AC program was designed to infill the 400m line spacing of previous drilling, bringing coverage to an average line spacing of 200m, with an aim to add further confidence to the geological interpretation.

New results include:

20MBAC020
6 metres at 2.04 grams per tonne gold from 81m;

20MBAC050
4m at 2.33g/t gold from 44m; and

20MBAC030
7m at 1.13g/t gold from 80m.

The company now claims to have identified gold over more than 3.7 kilometres of strike with mineralisation remaining open to the north and south.

Follow-up drilling program will commence as soon as Great Boulder is able to access a drill rig, a task that is becoming increasingly difficult in the Western Australia exploration sector of late.

“Our exploration program at Side Well is progressing nicely, with these excellent air-core results at Mulga Bill plus the auger anomalies in a new prospect to the east,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We’ve decided to return to Mulga Bill for another round of AC drilling, with 4,000 metres planned in the next campaign before we commence RC drilling.

“The auger results east of Mulga Bill highlight gold potential in an area that’s never been explored before, and appear to be the northern continuation of structures coming north from the Gabanintha gold project.

“The Great Boulder technical team believes that this eastern target has significant potential.

“We have more auger work planned there, and at the northern end of the project, which is set to commence as soon as possible.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Scott Williams Blackstone Minerals (ASX: BSX) November 2020

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Blackstone Minerals (ASX: BSX) is drilling satellite prospects at the company’s Ta Khoa nickel-copper-PGE project in Vietnam as it targets high-grade ore for a staged capex strategy to re-energise the project’s existing 450,000 tonnes per annum concentrator. Blackstone managing director Scott Williamson ZOOMed into The Resources Roadhouse to update us on how things are progressing.