Peel Mining Boosts Southern Nights Potential

THE DRILL SERGEANT: Peel Mining (ASX: PEX) has claimed discovery of new zones of mineralisation from an ongoing drilling campaign across the company’s 100 per cent-owned Wagga Tank project, south of Cobar in western New South Wales.

Peel Mining returned resumed drilling at Wagga Tank-Southern Nights in August, with a program comprising around 10,000 metres of RC/diamond drilling primarily designed to develop higher confidence resources and to progress the project towards development.

This drilling has targeted both Wagga Tank and the Corridor Zone, located between Wagga Tank and Southern Nights and has resulted in the confirmation of strong new mineralisation in the Corridor Zone, which the company said highlights the potential for interconnected mineralisation between the Wagga Tank and Southern Nights deposits.

Drilling in the Corridor Zone, located between Wagga Tank and Southern Nights returned wide, high-grade intercepts highlighting the potential for a link between the two deposits, including:

WTRCDD141:
2.1 metres at 4.7 per cent copper, 129 grams per tonne silver, 0.15g/t gold, 0.4 per cent zinc, 0.5 per cent lead from 530.2m; and

58.3m at 5.4 per cent zinc, 2.3 per cent lead, 0.1 per cent copper, 24g/t silver, 0.31g/t gold from 546.7m, including 13.1m at 11.1 per cent zinc, 5.7 per cent lead, 0.05 per cent copper, 52g/t silver, 0.51g/t gold from 553.9m.

WTRCDD141W1:
9m at 7.6 per cent zinc, 4.7 per cent lead, 0.1 per cent copper, 153g/t silver, 0.46g/t gold from 501m, including 2.8m at 21.6 per cent zinc, 12.7 per cent lead, 0.4 per cent copper, 441g/t silver, 1.23g/t gold from 505.1m;

17m at 1.3 per cent copper, 25g/t silver, 0.14g/t gold, 0.1 per cent zinc, 0.1 per cent lead from 510m;

47m at 6.3 per cent zinc, 2.8 per cent lead, 0.05 per cent copper, 24g/t silver and 0.28g/t gold from 573m; and

53m at 3.4 per cent zinc, 1.9 per cent lead, 0.1 per cent copper, 24g/t silver and 0.46g/t gold from 626m.

Drilling at Wagga Tank deposit is around 60 per cent complete with initial results received from WTRCDD213, including:

20m at 1.52g/t gold, 4g/t silver, 0.2 per cent copper, 0.4 per cent lead from 80m.

The drill rig from the Corridor Zone has now relocated to Southern Nights to focus on infill and extensional drilling in the main resource area.

“This is a very exciting development, offering potential to infill the zone between Wagga Tank and Southern Nights, and further enhancing the development prospects of the project,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“VMS and Cobar-style mineral systems are renowned for clustering and stacking and we see every chance that this will be the case here – we look forward to completing follow-up drilling in due course.

“In the meantime, we are continuing with resource upgrade drilling at Wagga Tank and Southern Nights to advance these deposits towards development.”

 

Email: info@peelmining.com.au

Web: www.peelmining.com.au

 

VRX Silica Sets Off Muchea Double Banger

THE BOURSE WHISPERER: VRX Silica (ASX: VRX) released a double banger by announcing details of a Bankable Feasibility Study (BFS) and maiden Probable Ore Reserve at the company’s Muchea silica sand project, located north of Perth in Western Australia.

VRX noted this is the third BFS for the company’s three advanced silica sand projects.

The Probable Ore Reserve for Muchea totals 18.7 million tonnes at 99.9 per cent silicon dioxide (SiO2) – as reported in accordance with the JORC Code 2012 – with 14.6 million tonnes at 99.9 per cent SiO2 contained within the area of the company’s Mining Lease application (M70/1390) for Muchea.

This Ore Reserve follows the company’s recent announcement of Probable Ore Reserves for Arrowsmith North and Central.

“This Reserve estimate is only a small portion of the silica sand Inferred Resource Estimate for the project but produces a very high-grade product which is in high demand in specialist Asian markets,” VRX Silica managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“We have already had significant interest in the Muchea product that will command higher prices than products from our Arrowsmith North and Central silica sand projects.

“Muchea is a world class high-grade silica sand project which can support a substantial export industry for WA providing benefits to the State and the Muchea-Gingin district.

“Muchea will produce alternative high-grade products to Arrowsmith and will add to our available catalogue of products from our silica sand projects.”

The BFS was based on only 25 years production from a potentially long-term plus-100-year mine life.

The maiden Probable Ore Reserve of 14.6 million tonnes contained within the area of the company’s Mining Lease application and will support a 9 to 10-year project.

This is estimated from the Indicated Mineral Resource only and constitutes approximately 39 per cent of the estimated total production target – in terms of processed tonnes of silica sand – over the 25-year mine life.

VRX Silica intends to mine solely from Probable Ore Reserves during the initial 9 to 10 years of the project.

VRX Silica has developed a mining and rehabilitation methodology specific to the environment at Muchea, which will enable a successful restoration of mined areas.

A key challenge for industrial minerals projects is meeting market specifications.

The silica sand market has specifications for parameters such as purity in addition to tight specifications for trace elements in the glass industry.

The company is confident that it can meet specifications for the ultra-clear glass market from Muchea.

 

Email: info@vrxsilica.com.au

Web: www.vrxsilica.com.au

 

Antipa Minerals Encounters Multiple Mineralised Zones

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) has intersected multiple zones of copper-gold and zinc mineralisation at the company’s 100 per cent-owned ground in the Paterson Province of Western Australia.

Antipa Minerals declared its recent greenfield exploration drilling activities have continued to deliver with the discovery of multiple new copper‐gold and zinc mineral systems.

The company said this had confirmed the highly prospective nature of the tenure adding that the drilling has confirmed the presence of a new mineralisation trend beneath shallow cover within the El Paso Structural Corridor which extends for approximately 60 kilometres, which it expects will lead to the identification of additional priority exploration targets.

Drilling has identified a new mineralised trend within the El Paso Structural Corridor.

The Serrano and Poblano magnetic targets and Reaper AEM target each returned multiple intervals, including:

19EPC0020 (Serrano)
4 metres at 8.1 grams per tonne gold, 0.23 per cent copper, 0.91g/t silver and 673ppm bismuth from 194m down hole, including 1m at 27.4g/t gold, 0.51 per cent copper, 2.35g/t silver and 2,200ppm bismuth; and

19EPC0019 (Poblano)
168m at 0.03g/t gold, 470ppm copper and 318ppm zinc from 32m down hole, including 35m at 0.07g/t gold and 0.1 per cent copper from 45m down hole, also including 12m at 0.15g/t gold and 0.09 per cent copper.

Antipa has its Phase 2 exploration program underway that includes follow up RC drill testing of further high priority Phase 1 AEM targets, RC drill testing of high-grade gold-copper magnetic targets, and a 600 square kilometre AEM survey and induced polarisation survey to progress regional exploration.

 

Web: www.antipaminerals.com.au

 

THE DAILY ROADHOUSE

 

Comet Resources Scores High Results Graphite From Springdale Diamond Drilling

THE DRILL SERGEANT: Comet Resources (ASX: CRL) kicked the dew off the grass on Day Two of the 2019 Brisbane Resources Roundup by announcing high-grade results from the first hole of a recent diamond drilling program conducted at the company’s Springdale graphite project in southern West Australia.

Hammer Metals Kicks Off Bronzewing South Follow-up Drilling Program

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) announced the commencement of an aircore drilling program at the company’s Bronzewing South gold project located in the Yandal Belt of Western Australia.

Carawine Resources to Target Copper-Gold Porphyries

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) is set to commence a detailed, helicopter-borne magnetic survey to further evaluate copper-gold porphyry targets at the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Matador Mining Expands Canadian Mineralisation

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) extended the mineralised area at the Window Glass Hill deposit at the company’s Cape Ray gold project in Newfoundland, Canada.

Red 5 Targets History to Expand KOTH Mineralisation

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) recently conducted underground exploration drilling at the company’s King of the Hills (KOTH) gold mine in the Eastern Goldfields region of Western Australia.

Carawine Resources to Target Copper-Gold Porphyries

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) is set to commence a detailed, helicopter-borne magnetic survey to further evaluate copper-gold porphyry targets at the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Carawine Resources’ Jamieson project is host to the Hill 800 and Rhyolite Creek prospects where in September the company announced the potential for mineralisation at Hill 800 to be related to a copper-gold porphyry system, based on analysis of multi-element geochemical data from Hill 800 by Dr. Scott Halley, an expert in this field.

This followed the recognition of two distinct magnetic anomalies identified from regional-scale survey data at Jamieson.

Carawine indicated it considers magnetic anomalies to be commonly associated with mineralised porphyries and provide excellent targets for drill testing and the company has been encouraged by the recent success by Stavely Minerals (ASX: SVY) at its Thursday’s Gossan porphyry copper-gold project in western Victoria, citing the similarities in host rock age, chemistry and depositional setting of Jamieson with the host rocks for the Thursday’s Gossan project.

“The exploration program over the next few months promises to be an exciting period for the company,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“We began to realise the potential for a copper-gold porphyry driving the mineral system at Hill 800 and its surrounds in July this year, and have since been developing this concept towards the point where we have the confidence to accurately define targets for drill testing.

“Following our recent successful capital raising, we are now in a great position to accelerate our exploration program at Jamieson, starting with a detailed magnetic survey that will be used to model the depth and spatial extent of magnetic anomalies beneath Hill 800 and Rhyolite Creek.

“This survey is planned to commence within the next two weeks, with drilling planned to commence soon thereafter, following the release of the company’s first Mineral Resource for Hill 800.

“We are gearing up for an exciting six months of intense exploration targeting porphyry style mineralisation at the Jamieson project.”

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Matador Mining Expands Canadian Mineralisation

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) extended the mineralised area at the Window Glass Hill deposit at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining said the drilling was part of the second and third stages of its exploration program with the drilling targeting shallow lateral extensions around known deposits, whilst also testing gaps between known deposits, specifically at the Central Zone project (810,000 ounces gold at 2.6 grams per tonne gold).

Window Glass Hill (WGH) hosts a current resource of 134,000 ounces at 1.2g/t gold.

The company explained WGH is a key target for the second stage of its exploration program.

Although it has a lower grade than Central Zone, WGH is considered by Matador to have potential to become a large tonnage, low strip ratio deposit, and form a major source for future production.

Results from the current drill program at WGH include:

CRD058
22.8 metres at 1.1 grams per tonne gold, including 9.7m at 2.2 g/t gold from 58m;

CRD085
9.2m 1.1g/t gold from 70m;

CRD084
4.2m at 2.2g/t gold from 61m;

CRD060
2.8m at 3.6g/t gold from 34m; and

CRD057
2.8m at 1.1g/t gold from 6m.

Matador said it was extremely encouraged by these results, noting all intercepts are at a depth of less than 100m, which is in line with the company’s strategy of targeting mineralisation that can be easily accessed via an open pit operation.

“We have long believed WGH has the potential to be a large tonnage, low strip ratio deposit and recent results are shaping up to confirm this,” Matador Mining technical director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“Importantly, from our interpretation, the latest intercepts are shallow up-dip extensions of the existing gold resources (134,000 ounces gold), all less than 100 metres from surface, therefore aligning with the company’s strategy of targeting shallow mineralisation that can be mined easily via an open pit operation.

“These results indicate that WGH could form a significant part of the long-term production plan, which will be announced as part of our development study targeted for release in Q1-2020.”

Aside from the drilling at WGH, Matador also tested a ‘gap’ between the 04 and H Brook deposits, located at the northern extension of Central Zone project.

This intercepted gold mineralisation of:

CRD071
5.4m at 4.3g/t gold, including 2.5m at 8.8g/t gold from 74m;
0.3m at 6.2g/t gold from 61m; and
1.05m at 1g/t gold from 94m.

Similar to the 04 deposit, located 80m from hole CRD071, this intercept encountered multiple mineralised lodes with a high-grade section.

The company indicated it plans to further test this hole to determine if this is a potential extension to the 04 deposit.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au

 

Hammer Metals Kicks Off Bronzewing South Follow-up Drilling Program

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) announced the commencement of an aircore drilling program at the company’s Bronzewing South gold project located in the Yandal Belt of Western Australia.

Hammer Metals is conducting the 15,000 metres aircore program to test multiple targets along-strike from the 1.07 million-ounce Orelia deposit held by Echo Resources (ASX: EAR).

The drilling will test four targets within the prospective mineralised trends that extend for a distance of 14 kilometres along strike to the north of Orelia.

Hammer noted that previous historic RAB and its own aircore drilling on the structure north of the Orelia deposit averaged 30m in depth and outlined numerous bottom-of-hole gold anomalies that will be followed-up.

“This is the second Hammer program to be undertaken on the Bronzewing south project,” Hammer Metals chairman Russell Davis said in the company’s announcement to the Australian Securities Exchange.

“The Orelia trend has multiple zones of gold anomalism which warrant further definition before follow-up with RC drilling.

“The Hammer program will commence to test four of these zones.

“It is anticipated that results will be progressively announced from late October onwards.”

 

Email: info@hammermetals.com.au

Web: www.hammermetals.com.au

 

Red 5 Targets History to Expand KOTH Mineralisation

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) recently conducted underground exploration drilling at the company’s King of the Hills (KOTH) gold mine in the Eastern Goldfields region of Western Australia.

Red 5 said the drilling identified a new target area for Resource extensions at the King of the Hills mine by confirming the presence of gold mineralisation more than 470 metres vertically down-plunge to the north of the current 3.1-million-ounce Resource area.

The company explained that drill-hole KHRD0278 was drilled to target previously reported high-grade historical exploration results, which returned a series of high-grade intercepts including 4m at 30.74g/t gold from 588m down-hole (TARD4041) in an area down-plunge to the north of the historical open pit.

KHRD0278 targeted an area within 80m of TARD4041, however it deviated from the original planned course and did not successfully test the intended target.

Red 5 reported that the hole did, however, intersect the prospective granodiorite-ultramafic contact and confirmed that this contact remains mineralised 470m vertically down-plunge to the north of the current Resource area.

The company considers this result supports and enhances the emerging bulk mining opportunity at KOTH, providing a new target for ongoing Resource extension drilling.

Results from KHRD0278 include:

16 metres at 1.24 grams per tonne gold (204m-220m), including 0.34m at 29.3g/t gold;

7.5m at 1.13g/t gold (286m-293.5m), including 0.33m at 14.25g/t gold;

15m at 1g/t gold (407m-422m), including 0.23m at 29.6g/t gold; and

9m at 1.26g/t gold (464.7m-473.8m), including 0.25m at 21.1g/t gold.

“This is an encouraging development, which provides further insight into the broader potential of the KOTH mineralised system developing around the granodiorite contact,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The underground component of our current Mineral Resource totals 1.11 million ounces of contained gold, which covers around one kilometre of strike.

“The perimeter of the granodiorite is over 12 kilometres, with significant potential for along strike extensions or repeats of the existing Resource.

“Our intention is to progressively extend and test new areas within the granodiorite under the south pit and around the north-eastern and northern section of the granodiorite contact in the coming months, with three diamond rigs now operating on site, bringing our total planned underground drill metres for KOTH to approximately 85,000 metres for FY2020.

“Exploration and Resource in-fill drilling are being undertaken in parallel with the assaying of previously unassayed historical drill core, with all three programs offering the potential to further define and expand the KOTH Resource base.

“We are also forging ahead with a Final Feasibility Study for an integrated bulk open pit and underground mining operation at KOTH, which is scheduled for release in mid-CY2020.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

Comet Resources Scores High Results Graphite From Springdale Diamond Drilling

THE DRILL SERGEANT: Comet Resources (ASX: CRL) kicked the dew off the grass on Day Two of the 2019 Brisbane Resources Roundup by announcing high-grade results from the first hole of a recent diamond drilling program conducted at the company’s Springdale graphite project in southern West Australia.

Comet Resources announced the first diamond drill hole targeting identified high-grade graphite mineralisation in the Northern Zone intersected 57 metres of high-grade graphite, from just 35.5 metres downhole.

Impressive assay results were returned from hole HD024 that was drilled at the easternmost end of the North zone, intersecting a wide high-grade graphite interval of:

57 metres at 22.38 per cent total graphitic carbon (TGC) from 35.5m using a 1 per cent TGC cut-off.

Comet said that graphite grades encountered throughout the zone were consistently high and that they clearly correlate with the massive graphite mineralisation observed in the core.

The company explained that hole HD024 had been designed as a PQ metallurgical angle scissor hole testing earlier-drilled vertical RC hole HR0126, which had intersected 46m at 12.16 per centTGC from 38m, including 17m at 19.9 per cent TGC from 51m.

The company observed that Total Graphitic Carbon assays for both holes at the intersection cross point are very similar, confirming good grade consistency between RC and diamond drill holes.

From core observations, Comet considers it is possible that HD024 has been drilled sub-parallel to the fold structure and is probably not reflective of expected true width of mineralisation.

“What wonderful results from the first diamond drill hole into the Northern Zone, especially considering how high the grade is over such a broad zone,” Comet Resources CEO Philippa Leggat exclaimed in the company’s announcement to the Australian Securities Exchange.

“It also reconfirmed the company’s strategy to focus on the shallow, high-grade mineralisation at Springdale.

“Diamond core from this hole is now in the metallurgical lab for characterisation and floatation testwork.

“From this work and over the coming weeks, we anticipate a series of important results relating to initial recoveries and flake distribution.

“On from that we will continue to optimise the results across a broader range of samples.

“This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months.”

 

Email: comet@cometres.com.au

Web: www.cometres.com.au

 

THE DAILY ROADHOUSE

Anglo Australian Resources Expands Mineralised Footprint at Mandilla Gold Project

THE DRILL SERGEANT: Anglo Australian Resources (ASX: AAR) reported on progress of reverse circulation (RC) drilling underway at the Mandilla East prospect, part of the company’s 100 per cent-owned Mandilla gold project, located south of Kalgoorlie in Western Australia.

Blackstone Minerals Encounters Further Broad Nickel Sulphide Intersections at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed a good start to the 2019 Brisbane Resources Roundup by reporting on the second round of results from maiden drilling at the company’s Ta Khoa nickel project in Northern Vietnam.

Lithium Australia Increases Stake in Envirostream

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has increased its interest in Envirostream Australia Pty Ltd from 18.9 to 23.9 per cent. Lithium Australia said the $100,000 investment greatly enhances its exposure to the process of collecting and separating spent lithium-ion batteries (LIBs), a fundamental precursor to the recycling of battery chemicals.

Meteoric Resources Welcomes Dr Paul Kitto Aboard

THE BOURSE WHISPERER: Meteoric Resources NL (ASX: MEI) made its presence felt at the 2019 Brisbane Resources Roundup by announcing the appointment of Dr Paul Kitto as non‐executive technical director.

Black Cat Syndicate Reports on First Myhree Holes

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) greeted the 2019 Brisbane Resources Roundup crowd with the release of results from the first diamond drilling program at the Myhree target within the company’s Bulong gold project in Western Australia.