Venture Minerals Hits Further Copper and Zinc Rich Sulphides at Golden Grove North

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has continued its recent drilling success at the Orcus target within the company’s Golden Grove North project in Western Australia.

Venture Minerals announced the second and third holes drilled into the Orcus target had both encountered disseminated to semi-massive sulphides with copper and zinc.

Venture’s second drill hole (ORRC002) at Orcus intersected 23 metres of disseminated to semi-massive sulphides with copper and zinc, 50 metres down-dip of the firsthole ORRC001 (33 metres of disseminated to semi-massive sulphides with copper and zinc).

Venture’s third drill hole (ORRC003) at Orcus intersected 69m of disseminated and semi-massive sulphides with copper and zinc, 50m down-dip of ORRC002 and over 120m down-dip of the historic drill intersection from WRC054.

The company carried out a visual inspection and preliminary hand-held XRF analyses on the RC chips in sulphide rich zones of ORRC002 and ORRC003, which it claimed verified the presence of copper and zinc (chalcopyrite and sphalerite) within the pyrite dominated sulphides.

Samples from the first three holes at Orcus have been submitted to the laboratory for assay to confirm the observed mineralisation.

“The second and third drill holes at Orcus have confirmed the success of the first drill hole with further intersections of sulphides containing copper and zinc,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“This now means we have already identified 120 metres of VMS style sulphide mineralisation open at depth on the first line of drilling at Orcus, which bodes well for the next line of drilling 300 metres to the south across the strongest part of the EM anomaly, and the highest-grade copper in soil results recorded at the prospect.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Musgrave Minerals Updates Break of Day Mineral Resource

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released a Resource update at the company’s 100 per cent-owned Break of Day gold deposit on the Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals’ Mineral Resource (Indicated and Inferred) update at Break of Day has estimated the Starlight and White Light lodes to host: 360,000 tonnes at 13.9 grams per tonne gold for 161,000 ounces of contained gold.

The total Indicated and Inferred Mineral Resources for the Break of Day deposit now stand at 797,000 tonnes at 10.2g/t gold for 262,000 ounces of contained gold.

When combined with Musgrave’s nearby Lena Resource located only 130m to the west, the two deposits host a combined 5.1 million tonnes at 3.6g/t gold for 587,000 ounces of contained gold, of which a large component will be amenable to open pit mining methods.

“This is a significant milestone for the company with ongoing focus on grade and margin,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“It confirms Break of Day as a standout, high-grade, near-surface gold deposit that will largely be amenable to open pit mining.

“The deposit sits on a granted Mining Lease in a region with excellent infrastructure within a favourable mining jurisdiction.

“High-grade top cuts were used in the resource impacting the bonanza grades near surface at Starlight.

“Undeveloped, near-surface, high-grade gold resources, close to existing infrastructure, are very rare in Australia.

“The growing resource base on our 100 per cent-owned Cue project, which includes Break of Day and Lena is exceptional and carries significant value.

“We are continuing to make new discoveries and grow the 100 per cent-owned gold resources at Cue.

“This latest update increases the contained ounces in the Break of Day Resource and improves the overall grade of the deposit while also delivering a major uplift in the geological confidence by refining the geological model and growing the Indicated Resource category.

“With drilling continuing to intersect high-grade gold on new regional targets, we are looking forward to further exciting results as the programs progress.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Firefly Resources Encounters Thick Shallow Gold Intercepts at Melville Gold Deposit

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THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported the completion of the second phase of a planned maiden drill program at the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources declared the results received from the first seven RC drill-holes as “outstanding”, adding that they had confirmed the presence of thick, shallow zones of mineralisation at the Melville gold deposit.

Assays include:

FMRC0011
24 metres at 3.5 grams per tonne gold, including 3m at 11.77g/t gold and 4m at 7.71g/t gold, 2m at 2.97g/t gold and 5m at 3.39g/t gold, including 2m at 6.5g/t gold;

FMRC0026
30m at 1.35g/t gold, including 10m at 2.62g/t gold from 2m;

FMRC0025
50m at 1.1g/t gold, including 20m at 2.02g/t gold;

FMRC0024
31m at 1.00g/t gold, including 3m 5.82g/t gold;

FMRC0023
15m at 0.56g/t gold and 16m at 0.76g/t gold, including 1m at 3.05g/t gold; and

FMGC0001
10m at 1.58g/t gold from surface and ends in mineralisation.

“The Yalgoo gold project is just starting to show its real potential,” Firefly Resources managing director Simon Lawson said in the company’s announcement to the Australian Securities Exchange.

“Our drilling results so far show the presence of a consistent, wide mineralised zone along and across the Melville gold deposit.

“Local and regional exploration upside and growth potential is already also starting to become evident through the newly discovered high-grade zone below and to the east of Melville, as well as the correlation of regional architecture to historical high-grade intercepts, demonstrating that Yalgoo has real kilometre-scale potential.

“The Firefly team is working hard to progress our value-driven approach to exploring and growing the potential of the Yalgoo gold project.

“These efforts are made easier by the fact that the geology of the area is outstanding for its gold potential, the presence of a proven goldfield that has existed for over 100 years with an unmined primary gold deposit, mineralised from surface, and with proven potential to deliver new discoveries as well as kilometres of scale for many more.

“This all amounts to a rare and valuable opportunity in the WA gold space.

“Firefly has the necessary experience, funding and support to build something special at Yalgoo and we expect to be out there on the ground making that happen for many years to come.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au

 

 

Auteco Minerals Scores Outside Current Resource Boundary

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) announced drilling results from the company’s Pickle Crow project in Ontario, Canada.

Auteco Minerals claimed the latest drilling at Pickle Crow demonstrated the potential to increase the existing JORC 2012 Inferred Resource of 1 million ounces at 11.3 grams per tonne gold with reconnaissance drilling defining multiple new extensive mineralised envelopes in several areas outside the current Resource.

Multiple new lodes were discovered in Vein 13 drill area outside the existing resource including:

3-750-3-7-5
18.52 metres at 2.75 grams per tonne gold from 122.18m, including 1.38m at 21.02g/t gold from 131.94m;

744-3
1.52m at 12.34g/t gold from 91.44m; and

3-2-111
1.52m at 17.28g/t gold from 6.41m. (no selvedge sampling)

The first two holes drilled into Vein 5 SW extension defined a target area of 200m by 200m returning results of:

AUDD0034A
3.6m at 8.2g/t gold from 370m; and

AUDD0032
2m at 3.8g/t gold from 138.45m.

The drilling also extended the previously reported Vein 5 Lode Extension, which is now defined over 300m by 350m with visible gold in multiple drill holes, with results including:

AUDD0017
0.6m at 99.4g/t gold from 167.4m, including 0.3m at 181g/t gold from 167.4m;

AUDD0013
1.6m at 25.8g/t gold from 95m, including 0.6m at 65.2g/t gold from 95.7m; and

AUDD0019
1.6m at 19.6g/t gold from 372m.

“The definition of multiple new areas of quartz vein-hosted mineralisation with excellent geological continuity and multiple instances of visible gold provides more evidence of the vast potential of Pickle Crow,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

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

“At the current drill spacing, the defined mineralised envelopes are analogous to existing high-grade resources, giving us confidence that infill drilling will constrain the high-grade gold shoots within the envelopes and bring the defined areas into the Inferred Resource category.

“This ongoing success supports Auteco’s investment assumption that historical exploration activity at the Pickle Crow Gold Mine had been constrained by prevailing geological assumptions that were open to challenge through an open-minded approach to old datasets and a return to first principal geological techniques.

“And given the strength of the latest results, we remain on track to meet our intended Resource upgrade in the first half of 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

Genesis Minerals Drills Growth Potential at Orient Well

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported on progress of a resource upgrade and extensional drilling program underway at the company’s 100 per cent-owned Ulysses gold project in Western Australia.

Genesis Minerals said it had been encouraged by recent results from the ongoing Reverse Circulation (RC) drilling program at the Orient Well deposit, one of several cornerstone deposits currently being targeted as part of a broader drilling program currently underway.

Results include:

20USRC563
12 metres at 1.44 grams per tonne gold from 85m; and
3m at 13.05g/t gold from 117m, including 1m at 37.2g/t gold from 117m;

20USRC564
9m at 1.68g/t gold from 39m;

20USRC567
33m at 0.76g/t gold from 68m, including 5m at 1.13g/t gold from 68m, including 5m at 2.49g/t gold from 96m;

20USRC569
34m at 0.81g/t gold from 75m, including 10m at 1.71g/t gold from 84m; and

20USRC571
25m at 0.51g/t gold from 82m.

“Orient Well continues to shape up as an important growth opportunity for the company,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“Importantly, the latest batch of assays are all from drilling well beyond the current 61,000 ounces Mineral Resource envelope, which bodes well for the potential Resource growth.

“The success of our drilling to date has prompted us to extend the program at Orient Well to the tune of a further 9,000 metres of drilling, as part of the upsized plus-35,000 metres program announced recently.

“Our team is continuing to do a great job of running the program in an efficient and cost-effective manner, notwithstanding the capacity constraints currently being experienced across the WA exploration sector.

“The key takeaway message for investors is that our drilling is continuing to verify and upgrade the known Resources on the Kookynie tenements and demonstrate strong potential to expand these Resources when we re-estimate the Mineral Resources early next year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Corazon Mining Defines New Lynne Lake Drill Targets

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has identified drill targets for the next phase of drilling to be carried put at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Mining identified the new targets via a recently completed MobileMT geophysical survey at Lynn Lake, a technology the company labelled as a “potential game changer” for the project.

The company’s initial interpretations of the geophysical data have focused on the Fraser Lake Complex (FLC), located within Lynn Lake, where earlier drilling by Corazon identified mineralisation indicative of a large magmatic nickel-copper-cobalt sulphide system.

“The definition of new conductors at the FLC has highlighted the prospectivity of the western extremity of the intrusive complex, and indicates a deep-seated plumbing system linking several intrusive bodies,” Corazon Mining said in its ASX announcement.

“Such a setting is extremely prospective for massive sulphide deposits and the volume of mineralised gabbro identified in the Matrix Trend extending from this new target area, further elevates the prospectivity for massive nickelcopper-cobalt sulphide deposits.

The MobileMT geophysical survey provided a range of geophysical datasets, including 3-dimensional resistivity to depths in excess of one kilometre.

“Areas of low resistivity are categorised as areas of conductance.

“Areas of extreme low conductance may represent massive sulphide deposits.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Azure Minerals Confirms High-Grade Nickel-Copper Sulphides at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed confirmation of high-grade nickel-copper sulphide mineralisation at the company’s Andover nickel-copper project (60% Azure / 40% Creasy Group) southeast of Karratha in Western Australia.

Azure Minerals made the claim based on assay results from its maiden drilling program at the project.

Azure Minerals’ first diamond drill hole at Andover, ANDD0001, intersected:

3.9 metres at 2.85 per cent nickel and 0.47 per cent copper from 94.5m in massive sulphides contained within a broader interval of:

22.4m at 1.02 per cent nickel and 0.55 per cent copper from 81.6m.

A second zone of massive and matrix sulphides within this hole intersected:

5m at 2.09 per cent nickel and 1.14 per cent copper from 116m, contained within a broader interval of:

11.3m at 1.21 per cent nickel and 0.66 per cent copper from 110m.

These zones are contained within an overall mineralised envelope of:

39.7m at 0.95 per cent nickel and 0.52 per cent copper from 81.6m.

The second diamond drill hole, ANDD0002, intersected:

4.6m at 2.41 per cent nickel and 0.48 per cent copper from 113m in semi-massive and matrix sulphides, contained within a broader interval of:

13.6m at 1.19 per cent nickel and 0.38 per cent copper from 104m

Assays for the third hole, ANDD0003, are pending.

The fourth drill hole, ANDD0004, which is testing an entirely new target zone defined by a strong electromagnetic conductor, is nearing completion.

“With assays confirming that the massive and semi-massive sulphides seen visually in the first two drill holes contain high-grades of nickel and copper, and with our third hole intersecting similar-looking sulphide mineralisation, the Andover nickel-copper project is swiftly confirming our confidence in its potential to host a substantial nickel-copper deposit,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“While we’re still at an early stage of our exploration, the intersection of good widths of nickel and copper sulphide mineralisation at shallow depths bodes well for further success and has encouraged us to drill test the electromagnetic conductors along strike and down-dip from our early holes.

“With additional drilling success, there is potential here for a sizeable nickel and copper deposit typical of other layered mafic-ultramafic-hosted nickel-copper deposits in Western Australia.”

 

 

Web: www.azureminerals.com.au

 

Ardea Resources Claims Second New Gold Discovery

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced a second gold discovery in the Bardoc Tectonic Zone on the company’s Goongarrie nickel-cobalt project in Western Australia.

Ardea Resources declared the Zeus gold discovery after shallow high-grade orogenic gold mineralisation was defied beneath around eight metres of transported cover.

Results include:

ABFR0303
10 metres at 12.97 grams per tonne gold from 42m, including 4m at 28.25g/t gold from 44m; and

ABFR0304
6m at 2.07g/t gold from 68m.

Ardea based the discovery on reappraisal of historic gold anomalism that was not adequately followed up by previous tenement holders.

“Ardea’s gold targeting under cover strategy continues to reward with the discovery of primary orogenic gold mineralisation at Zeus,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“Like the recent Lily Albany discovery, Zeus is located only 70 kilometres northwest of the City of Kalgoorlie-Boulder.

“These gold discoveries are very important for the development of the GNCP because they offer potential early revenue through fast-tracked mining as well as delimiting constraints on infrastructure distributions for the adjacent Goongarrie nickel-cobalt project.

“These early ‘greenfields’ successes are a credit to the exploration team and provide confidence in the company’s approach to maximise value for shareholders through realisation of the full mineral potential of our tenure.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Apollo Consolidated Forming Clearer Picture of Cleo Discovery

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported on recent drilling at the Cleo discovery at the company’s Lake Rebecca gold project, east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated has completed a further nine exploration RC holes at Cleo aiming to build geological confidence at 50m line spacing around the original 6641820N discovery traverse, including three holes on that section.

The company said the assay results from these holes continue to indicate multiple mineralised zones surrounded by a width of gold anomalism.

The discovery remains lightly explored to strike and depth and, according to Apollo, clearly warrants further drilling.

Recent shallow gold hits include:

RCLR0685
5 metres at 3.76 grams per tonne gold from 55m, including 1m at 10.6g/t gold, 15m at 0.52g/t gold from 80m, 28m at 0.63g/t gold from 105m, and 10m at 0.92g/t gold from 140m;

RCLR0684
10m at 0.82g/t gold from 20m, 5m at 1.69g/t gold from 35m, 5m at 4.24g/t gold from 80m, and 5m at 1.46g/t gold from 95m;

RCLR0690
10m at 0.62g/t gold from 35m, 5m at 2.35g/t gold from 60m, and 4m at 0.97g/t gold from 114m;

RCLR0687
13m at 0.9g/t gold from 40m and 5m at 1.64g/t gold from 80m; and

RCLR0683
13m at 1g/t gold from 110m.

Apollo highlighted a feature of the Cleo discovery being that >0.50g/t gold intercepts lie within wide zones of gold anomalism, forming a mineralised footprint upto 150m wide.

“Whilst additional drilling is required to determine the potential commercial significance of Cleo, the identification of a new gold system demonstrates the prospectivity of the entire project,” Apollo Consolidated said in its ASX announcement.

“Further infill and exploration drilling is planned.”

Further infill RC drilling is ongoing at the main Rebecca deposit, charged with building geological confidence around key intercepts in the hanging-wall of the high-grade Jennifer structure.

Diamond drilling is also underway from surface providing geotechnical information and testing key exploration positions below the optimised pit shell that constrains the 775,000 ounce Rebecca Mineral Resource.

Exploration drilling continues to test under-explored structural targets lying between Cleo, Duchess and Rebecca, as well as resource-definition positions at Duchess and Duke.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Alliance Resources Updates Gold Resource for Weednanna Gold-Iron Deposit

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

Alliance Resources engaged Mining One Pty Ltd to update the Weednanna gold mineral resource that had previously been estimated in September 2018.

The update incorporated new drilling data acquired from five diamond holes and 270 RC holes, totalling 35,940 metres, drilled between September 2018 and May 2020 to increase geological confidence in the deposit.

The revised resource has been estimated to a maximum depth of 220 metres below surface and totals 1,106,000 tonnes at 4.3 grams per tonne gold for 152,000 ounces of gold.

This resource includes a maiden near-surface Measured resource of 19,000 at grading 3.2g/t gold.

“The net outcome of this Mineral Resource estimate is a 21,000 ounce gain in high geological confidence Measured and Indicated Resources and a 49,500 ounce reduction in low geological confidence Inferred Resources,” Alliance Resources said in its ASX announcement.

“24 gold shoots contribute to the Mineral Resource with many shoots interpreted to be open either along strike, down plunge, or at depth.

“Infill drilling is planned to upgrade the Inferred Mineral Resource to the Indicated category.”

Alliance currently has an updated iron mineral resource estimate for the Weednanna deposit being completed by Mining One.

The company indicated the new gold and iron Mineral Resources will support feasibility study level commercial assessment of the deposit.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alliancerersources.com.au

 

Web: www.allianceresources.com.au