Musgrave Minerals Achieves High Gold Recoveries at Starlight

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) completed initial metallurgical test work on the Starlight gold lode at Break of Day, on the company’s wholly-owned ground at the Cue project in the Murchison region of Western Australia.

Musgrave Minerals described the results as being “exceptional” with testwork highlighting gravity and cyanide leach recoveries averaging 98 to 99 per cent across the different domains (oxide, transitional and fresh).

The testwork also highlighted the amenability to conventional gravity and leaching techniques using standard reagents.

Metallurgical recovery tests were completed on the four samples (oxide, transitional and 2 x fresh composites) at various grind sizes across the strike and depth extent of the Starlight lode.

The gravity recoverable component was initially concentrated using a conventional laboratory scale bench top Knelson concentrator, followed by amalgamation and intensive cyanide leaching of the concentrate.

A conventional 48hr cyanide leach was then carried out on reground (P80 75µm) residual material from the Knelson concentrator with readings taken periodically to determine leach kinetics of the samples.

The test work demonstrated very rapid leaching kinetics for all four samples and overall recovery of between 98.8 per cent and 99.5 per cent over short leach times.

“This is a fantastic result at Starlight – Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The very high total gold recovery and high gravity-only component recovery ensures that conventional processing options can be applied in any development scenario and also means the mineralisation is suitable for treatment through several of the nearby processing facilities currently in operation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

 

Great Boulder Resources Extends Mulga Bill Gold Mineralisation

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported remaing assay results from reverse circulation (RC) drilling undertaken at the company’s Side Well gold project near Meekatharra in Western Australia.

The full RC program consisted of twelve RC holes targeting strike extensions to mineralisation intersected in previous drilling.

The company said the RC results support its interpretation of a north-easterly trend to mineralisation, with intersections including:

20MBRC008
16 metres at 1.7 grams per tonne gold from 76m, including 4m at 3.62g/t gold from 80m downhole, and 1m at 7.35g/t gold from 142m downhole;

20MBRC009
8m at 1.15g/t gold from 130m downhole and 3m at 1.16g/t gold from 153m downhole; and

20MBRC010
12m at 1.59g/t gold from 92m downhole.

The later results were achieved approximately 400m southwest of the high-grade 7m at 3.35g/t gold from 122m intersection previously reported in hole 20MBRC004.

Great Boulder has also received initial assays from recently commenced AC drilling at the northern end of the Mulga Bill trend, with encouraging early results including:

20MBAC007
4m at 2.13g/t gold from 76m; and

20MBAC011
12m at 1.1g/t gold from 52m.

The company considers the initial results suggest Mulga Bill sits within a large mineralised system, with gold identified over more than three kilometres of strike and coincident with a deeper weathering profile and extensive shearing.

“These initial RC holes have given us a lot of information on Mulga Bill, particularly the rock types and alteration associated with the gold,” Great Boulder Resources managing director Andrew Paterson said in the company’s announcement to the Australian Securities Exchange.

“Our air-core program covered more than 3km of strike which will be a valuable targeting tool for ongoing work.

“The southern-most line is 650 metres further south than any previous exploration drilling.

“The depth of weathering and variable shearing we’ve logged in the main corridor of Mulga Bill indicate this is a big system.

“We believe further drilling will be the key to unlocking its full potential.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Middle Island Resources Completes 2020 Drilling Assay Collection

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) released further important gold results from Phase 2 reverse circulation (RC) drilling undertaken at the company’s 100 per cent-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Island Resources conducted the Phase 2 RC and diamond drilling program predominantly focussed on upgrading existing deposits and infilling and extending five new satellite open pit deposits, McClaren, McIntyre, Ridge, Old Town Well and Plum Pudding, it had identified by its Phase 1 RC drilling campaign in the first half of CY20.

All new deposits are located on existing Mining Leases within 2.5 kilometres of the company’s 100%-owned gold processing plant.

New Phase 2 RC drilling intercepts from the Ridge deposit include:

7 metres at 6.49 grams per tonne gold; and
4m at 5.32g/t gold.

Phase 2 RC intercepts from the McClaren deposit include:

3m at 29.8g/t gold;
4m at 5.82g/t gold; and
11m at 2.11g/t gold.

The company said these results had complemented those achieved in its Phase 1 round of drilling.

“The new results now complete receipt of all resource definition assays for the total of 10 deposit extensions and new gold deposit discoveries achieved at Sandstone over 2020,” Middle Island Resources said in its ASX announcement.

A Phase 3 exploration drilling campaign, focussed on the McIntyre, Ridge and Shillington Gap areas at Sandstone, is planned to commence immediately following an extensive sterilisation drilling program.

 

 

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Black Cat Syndicate Encounter Thick High-Grade Gold at Imperial/Majestic

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported assay result from recent drilling undertaken on the company’s Fingals and Bulong gold projects in Western Australia.

The latest drilling activity entailed RC drilling at the Jones Find and Imperial/Majestic target, both part of the Fingals gold project and diamond drilling at Myhree on the Bulong gold project.

Black Cat’s maiden drilling program at Jones Find intersected thick, shallow zones of mineralisation returning high grades

Jones Find is one of a number of areas at Fingals that contain known historical mineralisation, and which Black Cat considers to have potential for JORC 2012 Mineral Resources growth.

The initial program comprised 22 holes with results including:

20JFRC016
13 metres at 4.98 grams per tonne gold from 30m;

20JFRC013
13m at 2.38g/t gold from 26m; and

20JFRC013
12m at 1.41g/t gold from 62m.

One kilometre away, at Imperial/Majestic 14 RC holes were drilled targeting deposit extensions, returning encouraging results with multiple gold zones identified and a number of high-grade intersections, including:

20IMRC004
5m at 5.04g/t gold from 71m;

20IMRC005
10m at 3.36g/t gold from 57m; and

20IMRC016
8m at 3.55g/t gold from 174m.

At Myhree, Black Cat drilled six diamond holes for geotechnical assessment of underground mining beneath the potential open pit.

These holes intersected high-grade lodes including:

20MYDD005
3.68m at 9.35g/t gold from 196.94m; and

20MYDD006
3.34m at 9.74g/t gold from 186.83m.

“Since acquiring Imperial/Majestic in July 2020, we have planned to test the adjacent areas where historic drilling demonstrated extensive mineralisation that had not been converted to Resource,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“Jones Find is one such area and these results provide even more encouragement to drill other adjacent mineralised zones.

“Black Cat is targeting Resources of greater than one million ounces to provide genuine scale.

“The Resource base is currently approx. 884,000 ounces.

“Thick, shallow, high-grade results from our initial drilling at Jones Find and Imperial/Majestic are encouraging and demonstrate the potential to rapidly grow Resources in and around Imperial/Majestic.

“Drilling at Myhree targeted deeper parts of the mineralised system in order to evaluate underground mining potential.

“The results further confirm the underground potential at Myhree once potential open pit mining is complete.

“The latest drilling supports our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years feed ahead of it.

“The latest drilling will be included in our program of ongoing Resource upgrades.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

 

Coda Minerals Puts Finishing Touch on ASX Listing

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THE BOURSE WHISPERER: Coda Minerals (ASX: COD) joined the ranks of the ASX-listed exploration plays this week on the back of a heavily oversubscribed Initial Public Offering (IPO) that raised $8.5 million at an issue price of 30 cents per share.

Coda Minerals is aiming to unlock the value of what it perceives as being a prime exploration asset: the Elizabeth Creek copper project in the Gawler Craton of South Australia.

Punters seemed to share the company’s enthusiasm, welcoming it with an opening day price of 44 cents, closing at 46 cents.

The company intends spending the raised monies to complete an extensive exploration program at Elizabeth Creek in 2020/21, for which it has wasted little time with drill rigs already arrived on site ahead of its stated schedule in mid-October that have commenced drilling.

The project currently covers over 700 square kilometres of the Olympic Dam Copper Province, Australia’s most productive copper belt, and is located reasonably close to BHP’s Olympic Dam copper-gold-uranium mine and OZ Minerals’ Carrapateena copper-gold project.

Elizabeth Creek currently has a JORC compliant Indicated Mineral Resource Estimate of 158,000 tonnes copper and 9400 tonnes cobalt.

Coda Minerals is actively exploring for both Zambian style copper-cobalt and IOCG copper deposits on the Elizabeth Creek tenure.

“Emmie Bluff, a sediment hosted, Zambian style copper-cobalt prospect was defined as a priority target last year following extensive reinterpretation through drilling and two forms of geophysical surveys,” Coda Minerals chief executive officer Chris Stevens said in the company’s listing announcement to the Australian Securities Exchange.

“Although already of potentially significant scale, geophysical interpretation shows the potential for large-scale extensions to the south, and also to the north east and west of the existing drill backed mineralisation.

“Emmie Bluff is the first of several high priority prospects that we intend to drill over the next 18 months with drilling already having commenced with both diamond and RC rigs already turning on-site.

“We are focused on building shareholder value as we systematically explore the Elizabeth Creek tenement package for both Zambian style copper-cobalt and Olympic Dam style IOCG copper deposits.”

 

Email: info@codaminerals.com.au

 

Web: www.codaminerals.com.au

 

 

Bellevue Gold Scant on Details, but Conceptually Sound

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THE CONFERENCE CALLER: Having substantially firmed up its namesake high grade brownfields gold project in Western Australia, Bellevue Gold (ASX: BGL) is now seeking to expand its resource base via greenfields exploration some 50 kilometres to the east. By Mark Fraser

The company is also preparing to look at some other prospective targets much closer to home.

During his appearance at the recent Diggers & Dealers Mining Forum in Kalgoorlie-Boulder, Bellevue’s upbeat managing director Steve Parsons said drilling was set to begin at Yandal South in WA’s north-east Goldfields.

Covering around 870 square km of under-explored real estate, this land hasn’t been properly looked at for the best part of 20 years.

While details regarding this field campaign were scant, Bellevue’s website says it holds a “dominant land position” between Bronzewing (which boasts an historical production of 5 million gold ounces) and Darlot (4.5 million oz), where “significant historical untested anomalous gold-in-soils and surface sampling await follow-up”.

From all indications the wholly-owned Yandal South has five main targets, with three being Yambo Strike, Popes Patch and Hartwell. Previous drilling in this district has returned gold intercepts like 9 metres at 8.5 grams/tonne (from 37.5m), 27m at 1.32 g/t (42m), 6m at 3.14 g/t (120m) and 19m at 1.4g/t (23m).

Aside from casting its eyes eastward, the company has been looking at an area immediately north of the historic Bellevue operation, which sits 430 km north of Kalgoorlie-Boulder and 40 km north of Leinster.

Covering around 20km of strike from the mine, the Kathleen Valley project has been subjected to very little systematic modern exploration, but nevertheless contains a number of advanced prospects.

During his Diggers & Dealers’ presentation, Parsons indicated the most exciting of these were Kathleen Valley, Government Well and Palmyra, which collectively had yielded numbers like 17m at 4.2g/t (from 19m), 2m at 18.7g/t (32m) and 2m at 22.8g/t (8m).

Then (running north to south) came the Bellevue Northern extension, where intersections of 11m at 6.5g/t (35m) and 2m at 5.6g/t (64m) were recorded, followed by Westralia pit (4m at 28.2g/t from 57m), Vanguard pit (8m at 11.2g/t from 27m), Henderson pit (3m at 53g/t from 13m) and Bellevue West (102g/t in rock chips).

All up, Bellevue is looking to spend a total of $35 million on exploration over the next 12-18 months. This will include the development of near-mine targets.

“We’ve had just such rapid success, and amazing success, at Bellevue (that) we’ve really have been focused on just around the brownfields, around the headframe, of where the mill and mine will be at Bellevue,” Parsons told the Diggers & Dealers crowd.

“(It’s) the first time ever that we are getting out on the ground now and exploring the 20 kilometres of strike of Bellevue and, of course, stepping out and looking at our second project (Yandal South) that sits only 50 kilometres away from where the processing plant will be at Bellevue.

“We’re super-excited by that – and you are going to see us starting on that drilling this weekend, with the first five targets being undertaken between now and Christmas – so hopefully some good news will flow on from that over the coming months.”

As it stands Bellevue has established a gold resource of 2.3 million ounces from ore grading 10g/t.

Within this is a 15.5g/t high-grade core containing 480,000 ounces.

This resource has grown at around 75,000 ounces per month at a discovery cost of $18 per ounce since December 2017.

Located within the Agnew-Wiluna Greenstone Belt in the Leinster region of WA’s Goldfields, the historic Bellevue mine produced around 800,000 ounces from 15g/t material in a predominantly underground gold operation that ran from 1987-1997.

Other projects situated within 100 km of Bellevue are the multi-million oz Lawlers/Agnew complex as well as the Wiluna, Bronzewing, Thunderbox and Darlot deposits.

 

 

 

Venture Minerals Confirms Orcus Target as Priority Number One

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS), by way of a ground (Moving Loop) EM survey, has confirmed the fourth and now the highest priority VMS Drill Target (now named Orcus) at the company’s Golden Grove north project in Western Australia.

Venture Minerals is currently drilling at the Vulcan North target within the Golden Grove project, however, once the three planned drill holes are completed at Vulcan North the RC rig will be moved onto Orcus – which has moved up the ranks as the highest priority drill target.

Orcus already boasts a VMS style drill intersection of:

22 metres at 0.76 grams per tonne 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.

Orcus sits on trend between two other recently delineated high-priority VMS drill targets – Vulcan North and Vulcan West.

“The Golden Grove north project continues to deliver with confirmation by the EM survey of the Orcus VMS drill target, which is the fourth and now the highest priority target to date,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The company will now switch the rig onto Orcus to bring forward the testing of this very exciting target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Peel Mining Drills Encouraging Signs at May Day and Southern Nights

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported on drilling results from the company’s South Cobar project, located near Cobar in Western New South Wales.

Peel Mining has received results from Resource definition drilling at the May Day deposit that returned strong, wide gold-polymetallic intercepts with a high-grade core, including:

MDDD001
14 metres at 1.89 grams per tonne gold, 28g/t silver, 0.48 per cent zinc, 0.32 per cent lead, 0.09 per cent copper from 98m within 31.5m at 1.05g/t gold, 26g/t silver, 0.89 per cent zinc, 0.78 per cent lead, 0.16 per cent copper from 95m;

MDDD003
14m at 1.7g/t gold, 82g/t silver, 3.75 per cent zinc, 3.31 per cent lead, 1.11 per cent copper from 148m within 29.8m at 0.92g/t gold, 46g/t silver, 2.63 per cent zinc, 2.52 per cent lead, 0.58 per cent copper from 146m; and

MDDD002
12.1m at 2.08g/t gold, 69g/t silver, 1.68 per cent zinc, 1.38 per cent lead, 0.3 per cent copper from 216.9m within 31.31m at 1.15g/t gold, 39g/t silver, 0.98 per cent zinc, 0.73 per cent lead, 0.14 per cent copper from 210.69m.

Peel has Resource drilling at May Day nearing completion in advance of an anticipated Mineral Resource Estimate (MRE) update anticipated around year end.

Assays are pending for the balance of completed drilling.

Peel also carried out five extensional drillholes at the southern end of the Southern Nights deposit to follow-up a previous encounter of gold-polymetallic mineralisation on the southern edge of the current MRE.

Two of these holes returned new massive sulphide intercepts up to approx. 80m further south, outside of the current MRE.

“The robust continuity of strong gold-polymetallic mineralisation over mineable widths within the first few resource definition drillholes at May Day affirms the potential of the resource,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“These drillholes have also provided us with a clearer understanding of the geological and structural setting, as well as material for metallurgical testwork.

“We look forward to releasing further results as they become available.

“The new step-out massive sulphide intercepts at Southern Nights are also a welcome addition to the company’s critical mass ambitions, highlighting the wide-open nature of this major mineral system.

“Further step-out drilling is planned.”

 

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

 

Ardea Resources Confirms Lily Albany Gold Discovery

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced confirmation of the Lily Albany gold discovery at Aphrodite North, located within the company’s Goongarrie nickel-cobalt project in Western Australia.

Ardea Resources said recent RC drilling had verified gold mineralisation continuity as part of its assessment of the Goongarrie project for underlying gold mineralisation.

Eight RC drill holes were completed on three sections, returning assay results demonstrating gold mineralisation to be continuous and open.

Ardea’s second round of RC drilling confirmed shallow to deep mineralisation, indicating vertical extent of an orogenic gold system over all depths drilled, including:

AANR0008
10 metres at 3.55 grams per tonne gold from 40m, including 2m at 15.50g/t gold from 44m;

AANR0009
18m at 1.07g/t gold from 216m, including 2m at 2.45g/t gold from 218m;

AANR0010
10m at 1.30g/t gold from 136m, including 2m at 3.06g/t gold from 136m; and

AANR0014
6m at 1.68g/t gold from 246m.

“Ardea’s gold targeting under cover strategy has been shown to be effective in discovering orogenic gold mineralisation with the discovery of Lily Albany,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“This emerging gold discovery is only 70 kilometres northwest of the City of Kalgoorlie-Boulder and Ardea will continue to leverage off the surrounding infrastructure to accelerate its gold strategy.

“With Ardea tenements covering 65 kilometres of strike along the major gold controlling structure, the Bardoc Tectonic Zone, multiple gold targets have been defined and will continue to be systematically explored to build upon this promising start.

“The Ardea Team are also keenly awaiting assay results from other gold targets recently drilled and look forward to providing updates on these, as information becomes available.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Kin Mining Expands Collymore Gold Trend

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received encouragement from recent air-core (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining carried out the drilling on the Collymore prospect as part of an ongoing Phase 3 drilling program at CGP.

The company said the new assays build on results of previously announced Collymore AC drilling by providing further evidence of an emerging gold trend lying parallel and immediately west of the company’s East Lynne discovery and between the Hobby and Rangoon deposits.

The results include several intercepts that have defined two parallel mineralised trends at the Collymore prospect, extending over a strike length of more than 1.2 kilometres.

Assay results received from in-fill air-core (AC) drilling at Collymore, adjacent to the East Lynne discovery include:

CM20AC057
8 metres at 1.68 grams per tonne gold from 48m;

CM20AC031
4m at 1.92g/t gold from 24m;

CM20AC045
4m at 1.55g/t gold from 24m; and

CM20AC048
8m at 0.94g/t gold from 48m.

Two Reverse Circulation (RC) holes have also been completed at Collymore to test the Eastern trend and confirm the geological interpretation of the mineralisation below the oxide zone.

Assays are pending for both RC holes, while a larger follow-up RC drilling program is being planned for Collymore, to test the extent and scale of the mineralisation identified.

“We are very pleased with the consistently strong results generated from the 200 metres spaced in-fill air-core drilling at Collymore,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The results demonstrate a significant strike length of mineralisation in two parallel zones underneath a strong soil geochemical anomaly, located immediately west of the East Lynne trend.

“As we have seen at both Hobby and Cardinia Hill, anomalous soil geochemistry at surface followed by broad spaced, ore grade AC results in the oxide and regolith zone in the right geological environment is a good indicator of strong underlying gold mineralisation when tested at depth with RC and diamond drilling.

“Collymore has delivered strong initial results with the added bonus that it now raises the potential for several deposits along this trend, including the Hobby deposit 1.2 kilometres to the north and the Rangoon deposit 1 kilometre to the south.

“We are eagerly awaiting assay results from the initial two RC holes that tested the Collymore mineralisation at depth before planning a follow-up RC program to provide a more comprehensive test of this large emerging gold trend.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au