Galileo Mining EM Survey Highlights Fraser Range Prospectivity

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) is currently undertaking a large program of electro-magnetic (EM) surveying surrounding the company’s Lantern prospect in the Fraser Range region of Western Australia.

Galileo Mining reported the ongoing surveying recently inspected the Green Moon prospect, six kilometres from Lantern, where it claims to have identified another strong EM conductor to complement the existing targets at the Lantern East/South and North prospects.

The new conductor at the Green Moon prospect is located where near surface aircore drilling previously defined mafic intrusive rock types prospective for magmatic nickel-copper deposits.

The recently completed section of the EM survey covered 77.2 kilometres of survey lines being 790 stations over an area of approximately 31 square kilometres.

“Each program of exploration we undertake is bringing us closer to understanding the potential of the ground we are working,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“Our ongoing EM surveys have revealed another strong conductor close to known zones of sulphide mineralisation at the Lantern prospect.

“Combining these results with the petrography data confirms that we are working in a highly prospective area.

“The targets at Lantern East and Lantern South are now ready for drilling and we are steadily developing a pipeline of new targets for further testing.

“The Fraser Range is an exciting province to be exploring with excellent chances of a high value nickel discovery being made.”

 

 

Email: info@galmining.com.au

 

Web: www.galileomining.com.au

 

 

Prodigy Gold to Drill EM Conductor at Reynolds Range

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THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) has identified a large, strong electromagnetic (EM) conductor coincident with surface copper, lead, silver, zinc, and gold anomalism on the company’s Reynolds Range project in the Northern Territory.

Prodigy Gold made the identification from the first moving loop electromagnetic (MLEM) survey to be conducted on the Reynolds Range project.

Subsequently, a diamond drilling program comprising two holes 600 metres apart and 400m to 500m deep has been fast-tracked to test the Scimitar conductor.

Prodigy Gold is also planning drill programs to test a number of other encouraging targets including Falchion and Sabre as part of a comprehensive program to systematically explore the Reynolds Range project.

“The Scimitar conductor was first recognised in a Tempest EM survey completed several years ago, and recent mapping and ground truthing completed by our team has identified significant outcrops of malachite (copper oxides) and gossans overlying and adjacent to this conductor which is very encouraging,” Prodigy Gold managing director Matt Briggs said in the company’s ASX announcement.

“A subsequent ground EM survey has confirmed and further refined the target position of Scimitar.

“This target has never been effectively drill tested.

“Modelled conductors do not project to surface and the strongest response starts 240 metres below surface.

“Previous grid drilling conducted in the area was typically less than five metres deep with drill lines ending south of the surface projection of the modelled conductor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@prodigygold.com.au

 

Web: www.prodigygold.com.au

 

Peel Mining Hits Further May Day Intercepts

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further results from ongoing drilling att he company’s South Cobar project in western New South Wales.

Peel Mining achieved the latest results from resource definition drilling at the project’s May Day deposit.

The drilling being undertaken is part of a strategy the company has called ‘Hub & Spoke’ as it strives to advance each of the project’s deposits to mineable resources, to achieve critical mass in support of a new substantial centrally located processing plant.

The company said the most recent assays show further strong, wide, and continuous gold-polymetallic intercepts, confirming substantial true widths of up to approx. 25 metres at relatively shallow depths.

Recent May Day resource drilling has returned:

MDRC013
13 metres at 1.33 grams per tonne gold, 50g/t silver, 1.48 per cent zinc, 0.62 per cent lead, 0.18 per cent copper from 88m within 32m at 0.89g/t gold, 34g/t silver, 2.21 per cent zinc, 1.33 per cent lead, 0.28 per cent copper from 88m;

MDRC014
7m at 2.18g/t gold, 34g/t silver, 0.43 per cent zinc, 0.39 per cent lead, 0.12 per cent copper from 143m within 17m at 1g/t gold, 18g/t silver, 0.65 per cent zinc, 0.38 per cent lead, 0.09 per cent copper from 143m;

MDRC016
8m at 2.2g/t gold, 42g/t silver, 0.89 per cent zinc, 0.59 per cent lead, 0.22 per cent copper from 171m;

MDRC022
17m at 1.62g/t gold, 29g/t silver, 0.46 per cent zinc, 0.29 per cent lead, 0.08 per cent copper from 82m within 42m at 1.2g/t gold, 35g/t silver, 1.13 per cent zinc, 0.8 per cent lead, 0.16 per cent copper from 81m; and

MDRC023
19m at 1.48g/t gold, 30g/t silver, 0.49 per cent zinc, 0.36 per cent lead, 0.09 per cent copper from 103m within 38m at 1.18g/t gold, 33 g/t silver, 1.19 per cent zinc, 0.94 per cent lead, 0.26 per cent copper from 100m.

“These further gold-polymetallic intercepts bolster the recently announced results from the first few drillholes at May Day, indicating strong, wide and continuous mineralisation with true thicknesses of up to 25 metres in the upper parts of the deposit,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.

“The deeper results show good continuity of higher grade, albeit narrower mineralisation.

“Whilst still relatively early in terms of drill results, these latest assays are viewed as highly encouraging.

“Further to the company’s plans to build critical mass and increase exposure to high grade copper, resource definition drill planning for Wirlong to establish a maiden resource estimate has recently been completed.”

Peel Mining anticipates resources drilling at the Wirlong copper deposit to commence in the coming weeks following finalisation of drill planning.

Drilling at Wirlong has been designed to target the upper 350m of the Tally-Ho lens, where high-grade copper intercepts have previously been returned, in order to establish a maiden mineral resource estimate.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Alicanto Minerals Reports Maiden Arakaka Gold Resource

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a maiden JORC 2012-compliant Inferred Resource for the company’s 100 per cent-owned Arakaka gold project in Northwest Guyana, South America.

Alicanto Minerals’ declared the Inferred Resource of 500,000 ounces at 1.8 grams per tonne gold based on a review of data at Arakaka collected by Alicanto in conjunction with that provided by Barrick Gold Corp. (ASX 19 June 2018) and NordGold, (ASX 12 May 2020).

The Resource was calculated by Perth-based Cube Consulting.

The Mineral Resource Estimate (MRE) for the Arakaka gold project is taken from two separate domains, the Purple Heart and Gomes deposits located approximately six kilometres from one another.

The Purple Heart resource lies within a stacked thrust system developed to the margin of multiple porphyry intrusions of variable composition hosted within metavolcanics and metasediments where mineralisation has been observed to extend to approximately 150 metres vertical depth.

At Gomes the current resource is located within approximately 500m of strike along a West South West dipping regional scale shear, the Temberlin shear zone where mineralisation has been observed to extend approximately 100m vertical depth.

“This Resource is shallow, the mineralisation remains open in all directions and we already have numerous intersections outside the resource which will form part of the next estimate,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“We also have multiple walk-up targets with multi-million-ounce bulk tonnage potential that remain to be drilled.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

 

RareX Raises $30M to Advance WA Rare Earths Projects

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THE BOURSE WHISPERER: RareX Limited (ASX: REE) received commitments to raise $3 million via a share placement to institutional, sophisticated and professional investors.

Rare X raised the funds at 10 cents per share, a nice discount to its current share price of 12 cents, resulting in 30 million new fully-paid ordinary shares to be issued.

The raising received strong support from existing institutional and professional investors, with the company’s Directors also chipping in by collectively subscribing for $90,000 worth of shares.

The shares to be issued to the Directors will be subject to shareholder approval at a meeting to be convened in due course.

The company indicated the proceeds of the placement will be used to fund upcoming drilling programs at the company’s Weld North rare earths project; and to complete a Mineral Resource update, initial scoping studies and further exploration at the Cummins Range rare earths project.

“We are delighted by the strong support for this capital raising, which has introduced a number of new shareholders to the register and will see the company well placed to accelerate our rare earth exploration and development programs,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“Investors can look forward to a news-flow-rich period for RareX with the potential to deliver numerous catalysts that could well and truly re-rate the stock.

“We are very much looking forward to testing the Weld North project, which shows some compelling early-stage similarities to Lynas Corporation’s Mt Weld rare earths deposit, which underpins one of the world’s highest-grade rare earth mines.

“Air-core drilling is set to commence at Weld North before the end of the year, providing our first real insight into the source of the large-scale magnetic anomaly and its potential to host a significant new discovery.

“In addition, the funds will also be used to progress our Cummins Range rare earths project, including the delivery of an updated Mineral Resource Estimate and the commencement of initial Scoping Studies.

“Further news-flow on this front is imminent, with outstanding assays from the recently completed drilling expected over the next 2 to 3 weeks.”

 

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Great Boulder Resources Extends Blue Poles Mineralisation

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported results from the second phase of aircore (AC) drilling carried out on the Blue Poles discovery, within the company’s Whiteheads project north of Kalgoorlie.

Great Boulder Resources had designed this phase of drilling to define the limits of mineralisation at Blue Poles prior to RC drilling, which is scheduled to be completed this month.

Blue Poles has now been closed off to the north but remains open to the south with total strike length of the prospect now in excess of one kilometre.

Great Boulder claimed a further VMS-style lead-zinc discovery from other drilling conducted 500 metres to the west of Blue Poles to provide additional geological information.

This drilling intersected lead-zinc sulphide minerals, returning assays of:

20WHAC105
1 metre at 13 grams per tonne silver, 1.04 per cent lead and 1.01 per cent zinc from 92m; and

2m at 7.35g/t silver, 0.63 per cent lead and 0.8 per cent zinc from 97m to EOH.

The company declared this to be a completely new discovery in an area with no surface geochemical signature, signalling its intent to plan further work in order to assess the nature and scale of base metal mineralisation.

“These new results add further weight to the Blue Poles discovery” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We are very keen to get some deeper drilling into it with the RC rig shortly.

“The base metal discovery out to the west is completely unexpected, so we’ll also be working on that to see how significant it might be.

“There is no geophysics or historic drilling in the area, so it’s a true greenfields discovery.

“At this stage we are still receiving assays from the programs completed at Side Well in September. We’ll have further updates on the Side Well air-core and auger programs in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

De Grey Mining Extends Crow and Aquila Mineralisation

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on drilling recently carried out at the company’s Hemi gold discovery, located south of Port Hedland in Western Australia.

De Grey Mining has been drilling on the Aquila and Crow zones that are located adjacent and to the north of the large Brolga intrusion at Hemi.

The company is continuing with extensional step out drilling in these two zones on a nominal 80m by 80m spacing to the northwest while infill resource definition drilling to a 40m by 80m spacing is continuing in the central and eastern portions of Crow.

Step out and infill drilling at Hemi is on-going and the latest results at Aquila and Crow continue to firm up areas of high-grade gold mineralisation (+2g/t) within a much larger and broader gold system.

High-grade gold was intersected at the eastern edge of Crow with mineralisation remaining open to the east.

Results on section 30520E include:

HERC342
17 metres at 12.9 grams per tonne gold from 91m, including 7m at 29.4g/t gold from 94m;

HERC343
5m at 7.4g/t gold from 139m, including 3m at 11.6g/t gold from 141m; and

HERC350
15m at 1.8g/t gold from 79m.

Depth and strike extensions were encountered at the southwestern portion of Crow where mineralisation remains open along strike and up and down dip.

Results on section 30080E include:

HERC246D
24.6m at 1.4g/t gold from 345m.

New results from Aquila extended mineralisation at depth and to the southwest, again mineralisation remains open.

Results include:

Section 30080E

HERC246D
24.6m at 2.7g/t gold from 244.36m, including 5m at 5g/t gold from 252m; and

Section 29920E

HEDD010
35.6m at 1g/t gold from 419m.

“The new results at Crow continue to demonstrate potential for higher grade lodes within the large, broad mineralised zones,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The company recently announced extensions to the northwest of Crow.

“Potential also remains for extensions to the northeast and southwest.

“Wide spaced 80 by 80 metres extensional RC drilling continues in the northwest of Crow, with assay results awaited.

“Aircore drilling further to the west of the Crow intrusive has identified areas for follow up RC drilling.

“Drilling will continue at Crow to infill and expand the mineralised footprint.

“Drilling at the western end of Aquila continues and has extended mineralisation at depth and to the west toward Falcon.

“A broad mineralised zone is present at least 400 metres below surface that includes narrower high-grade intervals.

“Total metres drilled at Hemi now exceed 200,000 metres since the discovery in December 2019.

“Seven rigs are currently operating around Hemi in support of completion of a maiden resource by the middle of 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Cazaly Resources Moves to 100 per cent Ownership at Halls Creek

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THE BOURSE WHSIPERER: Cazaly Resources (ASX: CAZ) has taken 100 per cent-ownership of the Halls Creek project in Western Australia.

Cazaly Resources already owned 20 per cent of the project and purchased the remaining 80 per cent from 3D Resources (ASX: DDD).

The Halls Creek project comprises granted Mining Lease 80/247 situated near the township of Halls Creek covering part of the Halls Creek Mobile Zone, which is considered prospective for a range of commodities including base metals, gold, diamonds and nickel.

The project hosts the Mount Angelo copper-zinc deposit, a zone of near surface oxidised copper-zinc mineralisation overlying massive copper-zinc sulphide mineralisation.

Previous results from work conducted by Cazaly prior to the JV included:

64m at 2.72 per cent copper (1.13 per cent zinc);
62m at 2.41 per cent copper (2.75 per cent zinc);
37m at 2.63 per cent copper (6.05 per cent zinc);
16m at 5.91 per cent copper; and
18m at 2.53 per cent copper.

The company will be conducting a review of all previous exploration on the project,” Cazaly Resources said in its ASX announcement.

“There remains very good upside potential with mapping defining the untested northern extensions of the deposit including mapping out of the important Banded Iron Formation capping unit.

“Furthermore, downhole EM conductors previously defined have yet to be drill tested.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au

 

 

Blackstone Minerals Drilling at Ban Phuc

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has kicked off a new round of drilling at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Minerals is drilling at the Ban Khoa nickel-copper-PGE prospect that sits around 1.5 kilometres from the project’s main Ban Phuc deposit.

The company considers the Ban Khoa prospect to be analogous to the Ban Phuc disseminated sulphide (DSS) orebody where the company made the King Cobra discovery, at which it has previously announced a maiden Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel and Inferred Mineral Resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes nickel.

“We are very excited to commence exploration at Ban Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Based on geological similarities and historical results, we believe it has the potential to deliver similar results to Ban Phuc.

“The geology at Ban Khoa is relatively well-understood given the historic drillings and we have refined our targets using modern geophysics.

“Exploration success here could add meaningful inventory, extend mine life and improve the economics demonstrated in our recently completed scoping study.

“We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulphide district using modern geophysical techniques.

“We see potential to increase annual nickel production from the Ta Khoa nickel-copper-PGE project through targeting high-grade MSV to complement the base load nickel sulphide feed from the Ban Phuc DSS and King Cobra discovery zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

 

Azure Minerals Claims New Andover Nickel-Copper Sulphide Discovery

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed discovery of a new nickel-copper sulphide zone at the company’s Andover nickel-copper project (60% Azure / 40% Creasy Group) in Western Australia.

Azure Minerals made the claim after its latest diamond drillhole, ANDD0004, intersected a 38m-wide zone containing substantial intervals of nickel-copper sulphides, including zones of massive and semi-massive sulphides, which the company suspects to be the likely source of a newly defined and previously untested, strongly conductive and laterally extensive, electromagnetic (EM) conductor.

ANDD0004 was designed to test a strong and laterally extensive conductor (VC7) that had been identified by a recent surface fixed loop electromagnetic (FLTEM) survey.

The hole intersected a 38.1m-wide interval containing multiple zones of nickel-copper sulphide mineralisation from a downhole depth of 336.1m, including:

6.1m from 347.5m of blebby to matrix nickel-copper sulphides;
4.05m from 354.8m of massive nickel-copper sulphides; and
4.1m from 359.2m of heavily disseminated grading to matrix and massive nickel-copper sulphides.

The drilling has demonstrated the VC7 conductor extends for approximately 1,050m east-west and at least 150m to 200m vertically and remains unconstrained at depth, down-dip to the north.

“Given Azure’s recent success in our first three holes drilled at Andover (announced in November 2020) and the distribution of outcropping nickel and copper-rich gossans, we considered that the area to the west of our initial drilling was highly prospective,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“This concept was supported when new surface FLTEM surveys identified a highly conductive and laterally very extensive east-west trending conductor that was interpreted to represent a substantial body of sulphide mineralisation.

“Geophysical modelling indicates this conductor lies beneath and is spatially separate from the anomalies targeted by our first three drill holes.

“Diamond drill hole ANDD0004 targeted the eastern end of the new conductor about 150 metres to 200 metres below the mineralisation intersected in the first three holes.

“The hole successfully intersected substantial quantities of nickel and copper sulphide mineralisation at almost the exact depth the modelling predicted the EM conductor plate to be located.

“The key point to take away from our drilling successes to date, is that wherever we have targeted an EM conductor at Andover, we have intersected nickel-copper sulphide mineralisation.

“The strongly mineralised intersection in ANDD0004 leads us to believe that if the one-kilometre-long conductor plate is similarly mineralised throughout, there is excellent potential here for a major new nickel-copper deposit.”

Azure already has hole ANDD0005 underway to test the up-dip extension with a planned intersection point approximately 50m above the sulphide zone intersected in ANDD0004.

A subsequent hole, ANDD0006, will test the down-dip extent approximately 50m below ANDD0004.

Downhole EM (DHTEM) surveying is being undertaken in each of the drillholes as they are completed, which Azure expects to provide greater definition on the vertical / down-dip extent of the VC7 conductor plate.

Based on FLTEM surveying completed to date, the company has identified 12 separate conductor anomalies within the Andover project area.

Drilling to test other high-priority conductors is being planned and, subject to drill rig availability, likely to commence in the first quarter of 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au