Moho Resources Announces High-Grade Hits from East Sampson Dam

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THE DRILL SERGEANT: Moho Resources (ASX: MOH) voiced its feelings of encouragement on receipt of results from drilling to infill and extend gold mineralisation at the company’s East Sampson Dam (ESD) gold prospect in Western Australia.

Moho Resources’ first results back from the lab include:

SSMH0095
2m at 18 grams per tonne gold from 105m, including 1m at 34.8g/t gold from 106m; and

SSMH0097
6m at 5.63g/t gold from 18m, including 1m at 16.2g/t gold from 19m, and 1m at 13.5g/t gold from 23m.

“These initial diamond drilling results are very encouraging and highlight the significant gold production potential of Moho’s 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

 

Carawine Resources Drilling at Jamieson Project

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has a program of diamond drilling underway at the company’s 100 per cent-owned Jamieson project in Victoria.

Carawine Resources is currently advancing two prospect areas at the Jamieson project: Hill 800 and Rhyolite Creek while exploring for a porphyry source to gold and copper mineralisation in the region.

The program is to consist two diamond holes, the first of which is to be an extension of drill hole H8DD023, and will test the M2 copper-gold porphyry magnetic anomaly, located 700 metres south of Hill 800.

Unsurprisingly, the second drill hole is planned to follow the first, and will test the down-plunge extents of a high-grade gold interval the company reported earlier this year of:

H8DD022
11m at 13.9 grams per tonne gold from 278m, including 2m at 74.8g/t gold, 0.4 per cent copper from 290m.

“It’s great to be drilling again in Victoria with a number of exciting targets to test over coming months, starting with the M2 porphyry target just south of Hill 800 and our search for the porphyry system we believe is driving the high-grade gold and copper mineralisation at Jamieson,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We look forward to providing updates to the market as drilling progresses and results are received.”

Over in Western Australia, Carawine signalled it is about to commence drilling at the company’s Tropicana North gold project, located in the Tropicana and Yamarna regions of WA’s north-eastern goldfields.

The first program is a reverse circulation (RC) drilling program targeting extensions to high-grade gold mineralisation at the Hercules and Atlantis prospects.

A regional air core drilling program targeting extensive near-surface gold anomalies along the Hercules Shear Zone is expected to commence soon after the RC program begins.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

Alliance Resources Confirms Weednanna DSO Iron Potential

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has completed a revised iron Mineral Resource Estimate for the company’s Weednanna gold-iron deposit in South Australia.

Alliance Resources first moved in to the Wilcherry project as a Joint Venture partner in in 2017, moving to 100 per cent-ownership by 2019.

In 2013 Ironclad Mining estimated an iron mineral resource for Weednanna of 11.2 million tonnes at 41.97 per cent iron.

Since 2017 Alliance has drilled 363 RC holes and 5 diamond holes to test for economic concentrations of gold.

As it turns out, the gold is located adjacent to, and on the margins of an ironstone and magnetite-rich skarn, thus the company also had drilling samples analysed for an extended iron ore suite of elements and compounds.

The new iron Mineral Resource complied by Alliance has come in at 1.15 million tonnes at a higher grade of 59.4 per cent iron.

Alliance declared the new MRE confirms the DSO iron potential of the Weednanna gold and iron project and supports the recently announced gold mineral resource of 1.106 million tonnes at 4.3 grams per tonne gold Au for 152,000 ounces of gold the company released earlier this month.

“The revised gold and iron mineral resource estimates will support feasibility study level commercial assessment of the deposit,” Alliance Resources said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@allianceresources.com.au

 

Web: www.allianceresources.com.au

 

 

Allan Kelly Miramar Resources (ASX: M2R) November 2020

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Miramar Resources (ASX: M2R) recently listed on the boards of the ASX. Executive Chair Allan Kelly ZOOMed into The Resources Roadhouse to tell us about the company’s portfolio of Western Australia gold and nickel prospects.

 

Saturn Metals Scores Further Big Gold Hits at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) continued its golden drilling run at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals released further results from ongoing RC drilling at the Apollo Hill deposit that is being carried out with the aim of growing the current Apollo Hill 781,000-ounce Mineral Resource.

Saturn Metals is looking at a resource upgrade for late 2020, incorporating results from over 50,000m of drilling the company has conducted since October 2019 when the resource estimate was last updated.

The latest drilling returned thick and shallow intersections the company claims to further demonstrate mineralised continuity on several hanging-wall positions along the deposit’s strike length:

These include:

AHRC0395
15 metres at 1 gram per tonne gold from 145m, including 5m at 2.39g/t gold from 145m;

AHRC0429
11m at 1.03g/t gold from 65m, including 6m at 2.19g/t gold from 70m;

AHRC0458
8m at 1.16g/t gold from 165m;

AHRC0398
7m at 1.39g/t gold from 135m, within 24m at 0.57gt gold from 118m;

AHRC0396
5m at 1.24g/t gold from 109m, including 2m at 2.95g/t gold from 112m;

AHRC0409
4m at 3.21g/t gold from 162m;

AHRC0427
5m at 1.23g/t gold from 1m;
3m at 2.06g/t gold from 111m;

AHRC0420
4m at 1.32g/t gold from 62m;

AHRC0430
4m at 0.97g/t gold from 55m; and

AHRC0397
2m at 7.37g/t gold from 96m;
1m at 8.55g/t gold from 204m.

Drilling on the Apollo Hill main zone extended mineralisation with intersections including:

AHRC0424
12m at 1.78g/t gold from 370m;

AHRC0425
8m at 1.6g/t gold from 218m;

AHRC0426
8m at 1.03g/t gold from 237m within 20m at 0.62g/t gold from 233m; and

AHRC0451
5m at 1.04g/t gold from 149m within 12m at 0.56g/t gold from 142m;
7m at 1g/t gold from 186m.

“Results continue to develop shallower hanging-wall positions,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Further extensional intersections are being reported on the main lode.

“The cumulative effect of ongoing drilling is the significant enhancement of our understanding of the opportunity at Apollo Hill.

“Assays remain pending for a further 41 holes and drilling is continuing.

“We look forward to receiving and reporting on the next batch shortly.

“The reported assays are being incorporated into the current resource upgrade process which is scheduled for completion in early December.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Chalice Gold Mines Encounters High-Grade Extensions at Julimar

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THE DRILL SERGEANT: Chalice Gold Mines (ASX: CHN) is currently drilling at the company’s 100 per cent-owned Julimar nickel-copper-platinum group element (PGE) project, located just outside Perth in Western Australia.

Chalice Gold Mines has been able to report new results from the ongoing exploration activities, involving five rigs – three Reverse Circulation (RC) and two diamond – that are conducting a step-out and resource definition drill program at the Gonneville Intrusion, where Chalice recently claimed a major high-grade PGE-nickel-copper-cobalt-gold discovery.

To date the program has completed a total of 27 diamond drill holes (including RC pre-collars with diamond tails) and 116 RC drill holes, of which assay results for 18 diamond and 80 RC holes have been reported.

Assay results are pending for a further 45 completed drill holes (6 diamond and 39 RC).

RC drilling on the Gonneville Intrusion demonstrated the footwall contact zone (G4) to extend over 800 metres of strike length and up to 500m of dip extent and the zone remains wide-open and sparsely drilled.

New intersections in the G4 Zone include:

JRC089
50 metres at 1.8 grams per tonne palladium, 0.5g/t platinum, 0.9g/t gold, 0.2 per cent nickel, 1.1 per cent copper, 0.02 per cent cobalt from 112m, including 17m at 2.5g/t palladium, 0.8g/t platinum, 2g/t gold, 0.2 per cent nickel, 1.8 per cent copper from 134m (>1 per cent copper cut-off grade);

JRC088
9m at 1.1g/t palladium, 0.3g/t platinum, 0.2g/t gold, 0.1 per cent nickel, 0.5 per cent copper, 0.01 per cent cobalt from 127m;

JRC063
8m at 3.4g/t palladium, 0.3g/t platinum, 0.2g/t gold, 0.4 per cent nickel, 0.9 per cent copper, 0.03 per cent cobalt from 67m;

JRC064
7m at 13.8g/t palladium, 0.3g/t platinum, 0.5g/t gold, 0.2 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt from 83m;

JRC070
15m at 1.4g/t palladium, 0.2g/t platinum, 0.3g/t gold, 0.2 per cent nickel, 0.4 per cent copper, 0.02 per cent cobalt from 141m; and

JRC073
8m at 2.2g/t palladium, 13.3g/t platinum, 0.1g/t gold, 0.1 per cent nickel, 0.1 per cent copper, 0.01 per cent cobalt from 225m.

The drilling also encountered high-grade drill intersections (>1g/t Pd cut-off grade) in the newly defined G6 and G7 zones, including:

JRC070, G7
19m at 3.1g/t palladium, 0.7g/t platinum, 1.1g/t gold, 0.2 per cent nickel, 0.8 per cent copper, 0.02 per cent cobalt from 67m; and

JRC073, G6
11m at 3g/t palladium, 0.9g/t platinum, 0.5 per cent nickel, 0.3 per cent copper, 0.06 per cent cobalt from 78m;

Meanwhile, a initial drill hole into EM Conductor ‘X’ (JD018), approx. 800m north-west of the G4 Zone, intersected an approximate 500m wide interval of Gonneville mafic-ultramafic rock types with broad PGE zones associated with disseminated sulphides.

This hole returned a high-grade interval of:

3m at 1.9g/t palladium, 0.5g/t platinum, 0.5g/t gold, 0.5 per cent copper from 884m, demonstrating a similar PGE-copper-gold association to the G4 Zone.

“The Gonneville PGE-nickel-copper-cobalt-gold discovery continues to grow on multiple fronts, with another round of exceptional drill results extending the known high-grade zones, defining new zones and further reinforcing the numerous growth opportunities across the project,” Chalice Gold Mines managing director Alex Dorsch said in the company’s ASX announcement.

“Given the width and grade of the drill results we are continuing to see over a very large area, the scale of the Gonneville Intrusion itself, and the significant growth potential beyond the limits of the current resource drilling, it is clear that Julimar is emerging as a globally significant deposit of critical metals in Western Australia.

“We now have sufficient drill density at the southern end of the intrusion to define two entirely new zones (G6 and G7), both of which have significant scale and include some of the highest PGE grades seen to date on the project.

“We have also recently intersected some of the widest, highest grade oxide mineralisation at this southern end of the intrusion.

“Given recent favourable leach testwork results, we believe this oxide zone could have a significant impact on project economics.

“Meanwhile, the first deep hole into EM Conductor ‘X’, approximately 800 metres north-west of the G4 Zone, has improved our geological understanding of the intrusion and delivered a proof-of-concept for the growth potential of the footwall contact zone (G4).

“The presence of PGE-copper-gold rich mineralisation at the bottom of JD018 is exciting, as it indicates that the entire footwall contact of the intrusion is prospective, providing a major target position going forward.

“The intrusion is now interpreted to be a approx. 500 metres thick ‘sill’ style of mafic-ultramafic intrusion, with a consistent westerly dip and northerly plunge.

“This again reinforces the prospectivity of the recently announced Hartog EM Anomaly, located immediately north of Gonneville, in the Julimar State Forest.

“Given that this very strong EM anomaly sits just 1.5 kilometres north of the very wide mineralised intercepts encountered in JD018, it’s not hard to see why we are so excited about the district-scale potential at Julimar.

“This is a large, multi-faceted mineralised complex which continues to surprise on the upside.

“With five rigs drilling, we are on track to meet the mid-2021 guidance for a maiden Mineral Resource for Gonneville and continue to prioritise the growth of the high-grade mineralised zones with step-out drilling.”

 

 

Email: info@chalicegold.com

 

Web: www.chalicegold.com

 

RareX Drills High-Grade Rare Earths Potential at Cummins Range

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THE DRILL SERGEANT: RareX Limited (ASX: REE) reported results from the most recent drilling completed at the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley Region of Western Australia.

RareX has completed a further 18 holes (CRX0020 to CRX0037) as part of its in-fill and extensional drilling program at Cummins Range.

The objective of the drilling was to upgrade the current Inferred Resource of 13 million tonnes at 1.13 per cent total rare earth oxide (TREO) with 22.1 per cent neodymium-praseodymium (NdPr), and to define a high-grade component.

Results include:

CRX0035
62 metres at 2.6 per cent TREO and 0.5 per cent niobium pentoxide (Nb2O5), including 25m at 4.4 per cent TREO and 0.6 per cent Nb2O5, including 6m at 9.4 per cent TREO and 1.5 per cent Nb2O5;

CRX0037
45m at 2.4 per cent TREO and 0.5 per cent Nb2O5, including 20m at 4 per cent TREO and 0.9 per cent Nb2O5, including 6m at 6.2 per cent TREO and 1.4 per cent Nb2O5;

CRX0032 – Open to the north
46m at 2 per cent TREO and 0.2 per cent Nb2O5, including 5m at 3.1 per cent TREO and 0.2 per cent Nb2O5, including 8m at 5.1 per cent TREO and 0.4 per cent Nb2O5, including 3m at 8 per cent TREO and 0.3 per cent Nb2O5;

CRX0033 – Open to the south
52m at 1.2 per cent TREO and 0.2 per cent Nb2O5, including 3m at 4 per cent TREO and 0.3 per cent Nb2O5;

CRX0022 – Open to the south
16m at 3.8 per cent TREO and 0.2 per cent Nb2O5, including 3m at 14.8 per cent TREO; and

CRX0025 – Open at depth
15m at 5.3 per cent TREO and 0.3 per cent Nb2O5, including 5m at 10.2 per cent TREO and 0.4 per cent Nb2O5.

RareX interpreted the recent drilling to demonstrate mineralisation is thickening towards the east in the central portion of the current Inferred Resource, while maintaining excellent widths and grades.

“I think it’s fair to say that the vast majority of the results received to date have exceeded our expectations in terms of width and grade, giving us a high degree of confidence in the ability to define a solid high-grade component as part of the resource update planned for early next year,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“The thick, bonanza grade mineralisation in the north-west sector of the deposit was certainly a pleasant surprise and we are now seeing much thicker zones in the central part of the deposit while still achieving some really strong grades well above the average grade of the current Inferred Resource.

“We are now awaiting results from the final 21 holes, which should be received over the next 2 to 3 weeks.

“That will pave the way for work to begin on the updated Mineral Resource, which we are targeting for completion and reporting early in the New Year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Middle Island Resources Takes Sandstone Over 746,000 Ounces

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has again increased the aggregate Minerals Resources of the company’s wholly-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Island Resources released maiden Mineral Resource estimates for Sandstone’s new Ridge and McClaren satellite open pit deposits, collectively adding a further 24,500 ounces of gold.

This figure takes the Sandstone aggregate Mineral Resources to 746,500 ounces of gold.

More than 72 per cent of Ridge and 80 per cent of McClaren’s Resource estimates are classified in the Indicated category.

The Ridge and McClaren deposits represent the final two – of five – new satellite open pit deposits quantified by Middle Island’s 50,000m drilling campaign in 2020.

Middle Island anticipates Phase 3 infill drilling of the shallow, persistent, higher grade, northern element of the Ridge deposit, which is presently classified as an Inferred Resource, should result in an upgrade to Indicated for consideration as an Ore Reserve in due course.

The exploration component of the Phase 3 drilling will also test extensions to the McIntyre deposit and the Shillington Gap target.

“The maiden Mineral Resources for the Ridge and McClaren satellite gold deposits represent a 24,500-ounce increase in the total Sandstone project JORC 2012 Mineral Resources, which now aggregate 746,500 ounces gold,” Middle Island Resources managing director Rick Yeates said in the company’s ASX announcement.

“The Ridge and McClaren deposits will be optimised and mine designs prepared to determine their contribution to Ore Reserves in the FS.

“The maiden Ridge Mineral Resource is a particularly pleasing outcome, as the higher grade, northern extension of this deposit appears to be only limited by the quantum of drilling.

“This shallow dipping, near surface, mineralised extension was the final area drilled in the Phase 2 campaign on a 40m by 40m pattern and, as such, is appropriately classified as an Inferred Resource.

“Infill drilling on a 20m by 20m pattern should see this shallow, higher grade, deposit extension reclassified as an Indicated Resource for consideration as an Ore Reserve.

“The deposit still remains open to the northeast and further drilling has therefore been planned for the Phase 3 campaign, which is in progress.

“Drilling at the Ridge gold deposit included a number of isolated bonanza grade intercepts, which have appropriately been cut for resource modelling purposes.

“However, it is anticipated that these may ultimately be confirmed as more continuous, likely resulting in positive mining and processing reconciliations.

“While the Ridge deposit appears to offer a low strip ratio proposition, the economics of mining the McClaren deposit may be challenged by higher anticipated waste to ore ratios.

“The Ridge and McClaren satellite open pit deposits represent the final Mineral Resource estimates contributing to the current FS, which is scheduled for completion in January 2021.

“Prior to commencement of the 2020 drilling campaign, the anticipated best case scenario was a doubling of Sandstone’s open pit Mineral Resources which, with the addition of Ridge and McClaren, we have now achieved.

“This is an extremely pleasing outcome that should ensure a positive FS outcome and a project recommissioning in 2021.

“An extensive program of RC sterilisation drilling is now well advanced at Sandstone and further exploration drilling is imminent with the addition of a second RC rig.

“This Phase 3 drilling campaign is scheduled for completion in late December 2020.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

VRX Silica Granted Arrowsmith Mining Leases

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THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has had Mining Leases granted for the company’s Arrowsmith North and Arrowsmith Central silica sand projects, located north of Perth in Western Australia.

VRX Silica has completed studies on the projects that demonstrate combined 3600-hectare Mining Lease areas can support over 100 years of production.

The Arrowsmith North Mining Lease area contains Probable Ore Reserves of 204 million tonnes at 99.7 per cent silicon dioxide (SiO2).

The Arrowsmith Central Mining Lease area contains Probable Ore Reserves of 18.7 million tonnes at 99.6 per cent SiO2.

“The grant of Mining Leases for our Arrowsmith Silica Sand Projects is another significant milestone for VRX Silica, hot off the heels of the Mining Lease granted for our Muchea Silica Sand Project,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“As for Muchea, there is strong demand for Arrowsmith sand and we will now look to finalise sales contracts for high-quality silica sand products and secure the necessary funding for the development of these projects.

“All three projects have outstanding economic prospects and will support a substantial export industry in Western Australia providing significant financial and employment benefits to the State.

“With all three Mining Leases granted and development of our projects on-track, VRX Silica is truly a global player in high-quality silica sand supplies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@vrxsilica.com.au

 

Web: www.vrxsilica.com.au

 

Galan Lithium Takes Hombre Muerto West Indicated Resource over 2Mt

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced a revised JORC 2012-compliant Mineral Resource estimate for the company’s Hombre Muerto West lithium brine project located in Catamarca province, Argentina.

Galan Lithium released the initial Hombre Muerto West resource estimate in March this year, which was subsequently updated by the company’s consultants, SRK Consulting in June to include the acquisition of the Deceo III concession, adjacent to the Pata Pila licence area.

At this time the resource estimate was re-classified from Inferred to Indicated.

SRK has now updated the HMW resource based on Galan’s recent acquisition of the Del Condor concession and a review of specific yield values used in the resource calculations.

The key HMW concessions (Del Condor, Deceo III, Pata Pila and Rana de Sal) have been combined to produce a total indicated resource of approximately 2.3 million tonnes of contained lithium carbonate equivalent (LCE) product grading at 946mg/l lithium (with no Li cut off).

“Being the third largest publicly disclosed resource in the Hombre Muerto and overtaking POSCO, is an amazing milestone,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“This is something we were not even dreaming about when we first started drilling late last year.

“The increase from 1.4 million tonnes to 2.3 million tonnes of LCE at HMW is a huge step up for the project’s economic and technical potential that we will now reflect in our ongoing PEA and scoping studies due for completion in early December 2020.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au