Venture Minerals Encounters Copper and Zinc Rich Sulphides at Golden Grove North

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has reported instant drilling success at the highest-priority Volcanic Massive Sulphide (VMS) drill target the company’s Golden Grove North project in Western Australia.

Venture Minerals declared the first drill hole (ORRC001) at Orcus to have intersected 33 metres of disseminated to semi-massive sulphides with copper and zinc.

The sulphide intersection sits predominately within a chlorite-sericite altered sequence of foliated mafic volcanics which is a potential host for VMS style mineralisation.

Venture carried out a visual inspection and preliminary hand-held XRF analyses on the RC chips that it claims has verified the presence of copper and zinc (chalcopyrite and sphalerite) within the pyrite dominated sulphides.

Samples are being prepared for submitting to a laboratory for assay to confirm the observed mineralisation.

“The first drill hole at Orcus has had immediate success with a strong intersection of sulphides containing copper and zinc,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“Venture eagerly awaits the assays to confirm the highly likely addition of both gold and potential silver mineralisation as it moves onto the next drill holes at Orcus, the company’s highest priority VMS target at Golden Grove North.”

Drilling at Orcus is initially targeting immediately below historic (2008) RC drill hole WRC054, which intersected shallow VMS style mineralisation along strike and between two other high priority VMS drill targets.

The VMS style drill intersection of 22m at 0.76g/t gold, 0.64 per cent copper and 1.3 per cent zinc from 38m to bottom of hole, including 10m at 1g/t gold, 0.74 per cent copper and 2.1 per cent zinc from 50m to bottom of hole, sits on trend between two other recently delineated high-priority VMS drill targets of Vulcan North and Vulcan West.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Ardiden Eyes Gold Mineralisation at Depth at Kasagiminnis

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THE DRILL SERGEANT: Ardiden (ASX: ADV) claimed confirmation of high-grade gold following results at the company’s 100 per cent-owned Kasagiminnis deposit, part of its Pickle Lake gold project in northwest Ontario, Canada.

Ardiden received lab assays for the first four holes of the program with another six holes so far completed and awaiting results later Q4 2020.

The company indicated it has drilling continuing, hopefully as longs as possible into November, but as the temperature drops, safety aspects will be carefully managed for this campaign.

Results demonstrated gold grade strengthening at depth, including:

KAS20-02
6 metres at 4.23 grams per tonne gold.

Other high-grade gold intercepts include:

KAS20-03
6.5m at 4.28g/t gold.

The company explained that drilling carried out to date has so far only tested a small portion of the first 250m below surface to provide better understanding of controls on mineralisation before targeting deeper drilling.

Ardiden’s ‘Summer Drill Program’ is continuing where mineralisation is open along strike to the west at Kasagiminnis that had not been previously tested.

The company’s ‘Winter Drill Program’, scheduled for Q1 2021, will explore the much larger untested strike length to the east at Kasagiminnis under the frozen shallow lake with drill rigs setup on the ice.

“Ardiden is hunting deep, high-grade gold deposits across its massive landholding, analogous to other well-known gold deposits in Ontario, such as Red Lake, Dixie, Musselwhite and Hemlo,” Ardiden managing director and CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“A steady and systematic Exploration approach is prudent in this terrain, applying good science and data capture at each stage.

“‘Kas’ is our first cab off the rank, but with another 18 prospects already in Ardiden’s Gold Pipeline, we are aiming to create value for investors by increasing our likelihood of making Tier 1 gold deposit discoveries”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

 

Wiluna Mining Corporation Increases Minerals Resources

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THE DRILL SERGEANT: Wiluna Mining Corporation (ASX: WMX) provided a progressive Mineral Resource update for the company’s Wiluna Mining Centre in Western Australia.

Wiluna Mining Corporation described the Mineral Resource update as being part of the company’s ongoing Sulphide Development plan.

The new Mineral Resource estimate includes additional resource development drilling data received up until mid-October.

High-grade Mineral Resource at the Wiluna Mining Centre has grown to 4.24 million ounces at 4.89 grams per tonne gold (above a 2.5g/t cut-off).

This includes the addition of 477,000 ounces that represents an 11 per cent increase since the update the company released in September 2020, with over 50 per cent of ounces now in the Measured and Indicated categories.

The total Wiluna Mining Corporation Mineral Resource (for all mining centres) ranges between:

154 million tonnes at 1.63g/t gold for 8.04 million ounces of gold (using a 0.4g/t cut-off) – an increase of 700,000 ounces;

108 million tonnes at 2.03g/t gold for 7.02 million ounces of gold (using a 1.0g/t cut-off) – an increase of 680,000 ounces; and

74.3 million tonnes at 2.29g/t gold for 5.47 million ounces of gold (using a 2.5g/t cut-off) – an increase of 477,000 ounces.

“Our ongoing $30 million drilling campaign has focused on high-grade areas with the potential to be mined at the start of our Sulphide Development schedule,” Wiluna Mining Corporation executive chair Milan Jerkovic said in the company’s announcement to the Australian Securities Exchange.

“Drilling has successfully added tonnes, improved the grade and improved the portion within Measured and Indicated confidence categories.

“We are delighted by these results because they build upon our strategy to enhance the very large, high-grade Wiluna Mineral Resource.

“Drilling has been supported by our team’s diligent efforts to extract maximum value from the large amount of existing historical drilling and mining data, including assaying of intervals of mineralisation from the historical core library which comprises over 800 kilometres of core.

“These efforts have contributed to the impressive growth in our Mineral Resource base.

“Significantly, this ongoing work continues to confirm that Wiluna is a very large-scale, very high-grade gold system.

“It affirms our strategy to pursue the large sulphide resource housed within the Wiluna gold system.

“We believe we can eventually end up as one of the largest gold deposits in Australia and become a Tier 1 gold mine in a Tier 1 jurisdiction.

“This belief is based on the fact that the entire Wiluna Gold Operation is now the 7th largest gold district in Australia under single ownership based on overall JORC Mineral Resource, and the Wiluna Mining Centre, which will be the focus on our staged Sulphide Development, is now rated the 10th largest gold deposit on its own and is larger than Jundee.”

WMC anticipates an additional Mineral Resource update and interim Ore Reserves Statement, supporting the sulphide development and its funding, to be released early in 2021 as drilling of the large Wiluna gold system continues.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@wilunamining.com.au

 

Web: www.wilunamining.com.au

 

 

Kalamazoo Resources to Kick Off Drilling at The Sisters

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THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) is set to commence a combined RC and diamond drilling campaign at the company’s The Sisters gold project, located in the Pilbara region of Western Australia.

Kalamazoo Resources has designed the approx. 4,900m RC and approx. 800m diamond drilling campaign (around 5,700m in total) for The Sisters gold project, where it has identified five high-priority drill targets via soil sampling, airborne magnetics survey and interpretation, hyperspectral imagery analysis, high resolution satellite photography and ground traverses.

Two of these, the Wattle Plains and Satirist target zones have been selected for initial drilling as soon as the final approvals are granted.

“We have now finalised our extensive targeting program for The Sisters gold project which has identified a number of highly prospective targets,” Kalamazoo Resources director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“As soon as we receive final approvals, we will look to start our maiden drilling campaign at The Sisters which we anticipate will follow our current Ashburton gold project drilling program, scheduled for completion in mid-December 2020.

“The Sisters project has always been rated very highly by us and this has been further reinforced by recent results by De Grey at its major world class gold discovery along strike at Hemi.

“We have been systematically increasing our knowledge of the area and utilising innovative technologies to assist in identifying potential drill targets.

“The recently completed geochemical soil sampling and aerial surveys have been extremely useful in prioritising drill targets in our search for a gold discovery at The Sisters.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@kzr.com.au

 

Web: www.kzr.com.au

 

 

Musgrave Minerals’ Regional Drilling Hits More Gold

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) announced hitting more gold via drilling of 56 aircore/reverse circulation (RC) drill holes on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals’ latest round of drilling is testing new Starlight analogue targets on trend from the high-grade Starlight gold discovery at the Break of Day deposit.

The regional drilling program targeting Starlight analogues at Cue intersected high-grade gold at Target 9 – also known as Leviticus, 1.8km south of Break of Day.

A single north-south aircore/RC traverse across the Leviticus target intersected two separate zones of high-grade, near-surface gold mineralisation.

Results include:

20MUAC058
4 metres at 13.1 grams per tonne gold from 1m, including 3m at 17.3g/t gold from 1m; and

20MUAC058
2m at 10.3g/t gold from 33m.

To date 20 traverses have been completed with assays received for 12 traverses and anomalous gold intersected at 10 of the targets, including high grade, near surface intersections at Target 9 (Leviticus) and Target 2.

Leviticus hosts an existing inferred resource of 42,000 tonnes at 6g/t gold for 8,000 ounces of gold.

“Positive results from the regional drilling program continue to highlight the upside gold potential following a re-interpretation of the gold lode geometries within the Break of Day shear corridor,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Regional target drilling is continuing to test targets, and follow-up of the high-grade results at Target 2 is underway with Leviticus follow-up to follow.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Galan Lithium Takes 100% Ownership of Argentine Projects

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THE BOURSE WHISPERER: Galan Lithium (ASX: GLN) has acquired further, important strategic projects alongside the company’s Hombre Muerto West tenements in Argentina.

Galan Lithium announced that it has completed the purchase of 100 per cent interest in the Del Condor and Pucara lithium brine salar projects that abut the Hombre Muerto West tenements.

The Del Condor and Pucara comprise two claim blocks totalling 1,804-hectares and are located within the world-class, Salar del Hombre Muerto, where Livent Corporation (NYSE: LTHM) is currently producing lithium carbonate and Galaxy Resources (ASX: GXY).

Galan has now consolidated HMW that is expected to host a resource with a continuous polygon of approx. 7.5 kilometres strike, up to approx. 2.5km in width and up to 718m in depth as recorded at Pata Pila.

Of note, the projects abut Galan’s Pata Pila, Deceo III and Rana de Sal interests, which currently house an indicated resource of 1.37 million tonnes LCE at 946Mg/L lithium.

“Despite COVID-19 constraints, the team in Argentina has delivered on our original vision from 2017,” Galan Lithium managing director JP Vargas de la Vega said in the company’s announcement to the Australian Securities Announcement.

“HMW is now a significant polygon, the acquisition and the annex of these new tenements consolidates the project as a genuine lithium development in Argentina.

“We look forward to receiving the Resource Update from SRK and including the new data into our PEA/Scoping Study due in Q4 2020.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

Estrella Resources Confirms T5 Nickel Mineralisation

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) claimed recent assay results to have confirmed the high-grade nature of magmatic nickel sulphides previously intersected at the T5 prospect within the company’s Carr Boyd nickel project in Western Australia.

Estrella Resources drilled hole CBDD030 into a blind target zone located 300 metres south of the original T5 discovery zone at the Carr Boyd project.

The T5 prospect is located 1.1 kilometres from the historic Carr Boyd mine and is considered by the company to be, “the most significant mineralisation intersected outside of the known mine area”

Results returned comprise the high-grade massive sulphide zone which returned:

2.5 metres at 3.66 per cent nickel, 0.46 per cent copper, 0.16 per cent cobalt, 2.09 grams per tonne silver and 0.78g/t gold+platinum+palladium (Au+Pt+Pd).

The combined massive and matrix sulphide zone returned grades of:

3.7m at 2.85 per cent nickel, 0.65 per cent copper, 0.13 per cent cobalt, 2.58g/t silver and 0.75g/t Au+Pt+Pd.

These are located within the much broader mineralised zone returning an overall grade of:

13.9m at 1.07 per cent nickel, 0.39 per cent copper, 0.05 per cent cobalt, 1.56g/t silver and 0.48g/t Au+Pt+Pd.

“Grade is King and with assays returning plus-3.5 per cent nickel, this is an absolutely fantastic result,” Estrella Resources CEO Chris Daws said in the company’s announcement to the Australian Securities Exchange.

“It’s going to get interesting from here on in as we drill out this high-grade nickel discovery and test the surrounding area for further mineralisation.

“Well done to the entire team and I look forward to seeing what the future holds for us as we unlock the true potential of the T5 mineralisation.

 

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

Calidus Confirms Otways Historic Drilling

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) released results from the first reconnaissance drilling program completed at the company’s recently acquired Otways project in the Pilbara region of Western Australia.

Calidus Resources recently entered into a Heads of Agreement with Rugby Mining to earn up to 70 per cent interest in the project located north-east of Nullagine.

The company received assays for five RC holes and one diamond hole at the Otways prospect, returning broad zones of copper mineralisation and confirming historic intercepts.

Best intercepts include:

20OTRC002
43 metres at 0.7 per cent copper, including 10m at 1.64 per cent copper from 0-43m;

20OTRC003
18m at 0.33 per cent copper from 18-36m;

20OTRC003
13m at 0.35 per cent copper from 60-73m;

20OTRC001
53m at 0.17 per cent copper from 0-53m;

20OTRC004
11m at 0.47 per cent copper from 92-103m; and

20OTDD001
11.25m at 0.42 per cent copper from 71-82.25m.

Calidus explained the drilling campaign was part of the company’s two-pronged strategy of creating value through exploration at the same time as developing its Warrawoona gold project, also in the Pilbara.

“The reconnaissance drilling at Otways has defined a thick blanket of copper mineralisation from surface which is increasing in grade to the south and west,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“This coincides with historical work which outlined a soil geochemical anomaly extending another 1.5 kilometres to the south-west.

“Next year we plan to step out drilling to the west and south to test whether this grade improves under the soil anomaly.

“We can then review results to ascertain how best to unlock value for Calidus shareholders from this deposit whilst we commence exploration on the largely untested broader Otways tenements.

“This is in line with our twin strategy of developing the 1.5 million ounces Warrawoona gold project next year whilst continuing to explore a number of organic growth opportunities to generate value from our broader portfolio.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Neometals Completes Busy Week

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THE BOURSE WHISPERER: Neometals (ASX: NMT) was busy this week, announcement wise, this week announcing a battery recycling Memorandum of Understanding and vanadium recoveries at a mini-pilot plant.

Neometals, by way of Primobius GmbH, the joint venture company owned 50:50 by Neometals and SMS group GmbH, executed a non-binding MoU with InoBat j.s.a., a founder and the controlling person of a Slovakian battery manufacturing company, InoBat Auto j.s.a.

The MoU provides an evaluation framework towards a potential Primobius-InoBat commercial cooperation that will operate a commercial lithium-ion battery recycling facility in Central/Eastern Europe.

“Reaching preliminary development terms with a battery producer so quickly after Primobius’ establishment reflects the status of our project and the industrial scalability of our recycling solution,” Neometals managing director Chris Reed said in the company’s announcement to the Australian Securities Exchange.

“Europe leads the world in electric vehicle value chain investments and we are seeing first-hand how industry is positioning to ensure that brands can deliver the lowest carbon footprint products and support resource efficiency and circular economy principles.

“Primobius is very well placed to capitalise on the push for domestically sourced supply chains and this deal with InoBatis a material endorsement of the Primobius business plan.

“The relevance of the MoU should also be considered in the context of the consortium of conglomerate partners that sit behind InoBat(inc. CEZ, MOL and IPM Group)”

Neometals followed up this announcement with news of the completion of a mini-pilot test work campaign on the company’s Vanadium Recovery Project (VRP).

Results confirmed excellent vanadium chemical product purity (greater than 99.5 per cent V2O5), strong recoveries (>75%) and reduced residence time for Neometals’ patent pending hydrometallurgical process for recovering vanadium from Slag.

Earlier this year, Neometals executed a collaboration agreement with Critical Metals Ltd, to jointly evaluate the feasibility of constructing a facility to recover and process high-grade vanadium products from vanadium-bearing steel by-product (Slag) in Scandinavia.

Critical, in turn, has executed a conditional Slag Supply Agreement with SSAB EMEA AB and SSAB Europe Oy, subsidiaries of SSAB, a steel producer that operates steel mills in Scandinavia.

Slag is a by-product of SSAB’s steel making operations.

Neometals explained the Slag Supply Agreement provides a secure basis for the evaluation of a potential Slag Recovery Facility capable of processing 200,000 tonnes of Slag per annum without the need to build a mine and concentrator like existing primary producers.

“We are very pleased with the results of the Mini-Pilot campaign,” Chris Reed said.

“This substantially de-risks our patent-pending processing flowsheet and gives us the confidence to commence the PFS.

“We now shift our attention to the design phase of the larger proposed pilot plant which will leach material from three of SSAB’s steel operations in a mild carbonate solution at moderate temperatures and atmospheric pressure.

“The beauty of our process is that the main reagent is carbon dioxide, which we plan to capture from third-party emission to sequester some 65,000 tonnes in our leach Residue rendering it inert and available for secondary use.”

 

 

TO READ THE FULL MoU ANNOUNCEMENT: CLICK HERE

 

TO READ THE FULL MINI-PILOT ANNOUNCEMENT: CLICK HERE

 

 

Email: info@neometals.com.au

 

Web: www.neometals.com.au

 

Apollo Consolidated Drilling Delivers Growth at Rebecca

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) recorded further strong gold hits from recent shallow infill drilling at the company’s 100 per cent-owned Lake Rebecca gold project in Western Australia.

Apollo Consolidated completed five RC exploration drill holes, all of which were drilled to add geological confidence around the margins of the high-grade Jennifer structure, a mineralised body in the 1.7 kilometres-long, 775,000-ounce Rebecca deposit.

All five infill RC holes hit gold in expected target locations, with additional mineralisation added in ‘hanging wall’ gold structures:

RCLR0680
13 metres at 2.96 grams per tonne gold and 4m at 2.97g/t gold;

RCLR0681
9m at 3.81g/t gold, 15m at 1.27g/t gold (hanging wall) and 1m at 15.3g/t gold (hanging wall);

RCLR0682 (pre-collar)
18m at 1.79g/t gold (hanging wall);

RCLR0679
7m at 3.33g/t gold & 9m at 1.19g/t gold; and

RCLR0678
5m at 2.09g/t gold.

Apollo Consolidated has also carried out RC drilling on infill and extensional positions at the new Cleo discovery, described by the company as an area of widespread gold anomalism and previously encountered mineralised intercepts.

Twelve RC holes have been completed to date and a further six are planned.

Exploration drilling is now testing under-explored structural targets lying between Cleo, Duchess and Rebecca, as well as key resource-definition positions at Duchess and Duke.

The ongoing drilling is designed to expand on the maiden combined in-situ Mineral Resources Apollo released in February 2020 of 27.1 million tonnes at 1.2g/t gold for 1.035 million ounces of gold (at a 0.5g/t Au cut-off constrained within $2,250/oz optimised pit shells).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au