Musgrave Minerals Extends Target 5 Gold at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from regional aircore drilling across numerous targets on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Follow-up aircore drilling at Target 5, located four kilometres to the south of the Break of Day deposit returned strong high-grade, near surface gold results, including:

6m at 10.62 grams per tonne gold from 30m;

6m at 5.23g/t gold from 24m within a broader interval of 18m at 1.97g/t gold from 24m to EOH;

6m at 4.56g/t gold from 36m to EOH;

6m at 3.24g/t gold from 36m to EOH;

30m at 1.10g/t gold from 12m to EOH; and

18m at 1.15g/t gold from surface.

“This is another excellent set of results from our regional drilling program where we continue to have success with our gold exploration,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further strong, early stage, near surface, gold hits were received across a number of targets with Target 5 being the highlight.

“Target 5 is open along strike, both to the north and south, with significant potential to extend the mineralisation.

“We are back drilling again at the White Heat prospect and will have a second drill rig on site in the first week of February.”








Gascoyne Resources Scores Further Hits Close to Dalgaranga Plant

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) produced further high-grade drill results from the company’s Dalgaranga gold project in Western Australia.

The latest results show drilling encountered mineralisation located outside of Dalgaranga’s current Mineral Resources, Ore Reserves and Life of Mine plan.

Intersections immediately below the current mine plan returned from the southern end of the Gilbey’s Main Zone included:

13 metres at 2.1 grams per tonne gold from 228m; and
44m at 1g/t gold from 221m, including 10m at 1.9g/t gold.

High-grade intersections were encountered from the priority satellite mining targets of Sly Fox and Plymouth, including:

Sly Fox

26m at 2.3g/t gold from 277m, including 16m at 3g/t gold.


3m at 6.2g/t gold from 31m, including 1m at 16.2g/t gold.

Gascoyne has follow-up RC drilling planned to commence in January, with the very southern end of the Gilbey’s Main Zone to be drilled first.

Aircore drilling has recommenced at Dalgaranga after the Christmas break testing regional targets at Tanqueray, Lindville and Gilbey’s corridor area (within 10km of processing plant).

“Continued success from resource definition drilling within 1.5 kilometres of the Dalgaranga processing plant is increasing our confidence that we can organically extend the current seven year mine life of the operation,” Gascoyne Resources managing director and CEO Richard Hay said in the company’s ASX announcement.

“Updated Mineral Resource Estimates for Gilbey’s, Sly Fox and Plymouth will be completed in the coming months which will underpin an updated Dalgaranga Life of Mine Plan to be released in the June quarter 2021.

“The possibility of adding a satellite feed component to the current open pit mining at Gilbey’s has potential to deliver both mine life extensions and incremental production growth.

“We will continue to allocate additional funds to drilling across these targets based on ongoing success.”









Auteco Minerals Hits Mineralisation Outside Pickle Lake Resource

THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) has scored strong drilling results outside the current Resource at the company’s Pickle Crow deposit in Ontario, Canada.

Auteco Minerals said the results pave the way for an increase in the current Independent JORC 2012 Inferred Resource at Pickle Crow of one million ounces at 11.3 grams per tonne gold.

The current phase of drilling has intersected extensions to known mineralised structures in addition to the discovery of previously undefined mineralisation, all of which are outside of the reported one million ounce Resource.

Results include:

5.6m at 33.4 grams per tonne gold from 20.3m in hole (Shaft 3 Veins) – New Structure

1.6m at 16.7g/t gold from 12.7m in hole (Shaft 3 Veins) – New Structure

2m at 8.2g/t gold from 396.5m in hole (Shaft 1 Veins) – Extension of Structure

4m at 5.9g/t gold from 420m in hold (Shaft 1 Veins) – Extension of Structure

“These latest results provide more evidence of the strong potential to grow the one million ounces Resource at Pickle Crow,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“This is supported by the definition of multiple new areas of high-grade quartz vein-hosted mineralisation with excellent geological continuity and multiple instances of visible gold.

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

“The width and high-grade of recently returned results, coupled with their shallow nature reinforces the numerous resource growth opportunities at the project.

“These results are supported by numerous high-grade historical drill intercepts outside of current resources which will help to fast-track the definition of the new areas towards resource classification.

“With three drill rigs currently operating and given the strength of the latest results, we remain on track to meet our intended Resource upgrade in the June quarter of 2021.”







Auroch Minerals Commences Nepean RC Drilling

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced commencement of reverse-circulation (RC) drilling at the company’s Nepean nickel project south of Coolgardie in Western Australia.

The Nepean nickel project contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing approx. 1.1 million tonnes of ore between 1970 and 1987 for 32,202 tonnes of nickel metal at an average recovered grade of 2.99 per cent nickel.

The drilling is targeting a series of untested highly prospective aeromagnetic targets to the north and south of the Nepean mine that align with the mine’s stratigraphy and are considered by the company to represent a serpentinised core or high magnesium oxide unit of the komatiitic unit.

The targets extend for over 10km of strike and Auroch believes each has potential to host substantial massive nickel sulphide mineralisation.

The drillholes at these exploration targets have been planned to intersect the ultramafic-basalt contact and to define channel geometry, fertility and the presence of any nickel sulphides.

“We are pleased to have drilling underway at our recently-acquired high-grade Nepean nickel project, and are very excited by the huge potential to build on the existing nickel sulphide mineralisation as well as uncover further significant high-grade nickel sulphides,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The nickel price has continued to rise to over US$18,000 per tonne and many forecasts for the price of nickel have recently been upgraded as we continue to see a greater disconnect between supply and demand for nickel, and in particular for Tier 1 nickel, forecasted for the next few years.

“As such, Auroch has aggressive work programmes planned for 2021 as we consolidate our existing high-grade nickel sulphide resources and move towards scoping studies, whilst at the same time continue to aggressively explore for new nickel discoveries, and we look forward to creating real value for our shareholders this year.”







Prodigy Gold JV Hits Bedrock Gold at Lake Mackay

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) reported results from drilling completed on the Lake Mackay project in the Northern Territory.

The Lake Mackay project is held in Joint Venture with IGO Limited (ASX: IGO), with IGO holding a 70% JV interest in the tenements and Prodigy Gold holding a 30% JV interest.

Recent work at Lake Mackay has focused on drilling six targets considered prospective for cobalt-nickel-manganese, gold and copper mineralisation, with a total of 65 aircore holes completed in the most recent program.

The targets included the Goldbug gold prospect, Grimlock nickel-cobalt prospect, Grapple prospect and first drilling completed at the Swoop nickel-cobalt target.

Bedrock gold was intersected at Goldbug prospect, returning:

16 metres at 1.15 grams per tonne gold, 4m at 0.78g/t gold and 4m at 1.54g/t gold.

8m at 1.2g/t gold.

The Goldbug soil gold anomalism has been extended for 600m and is open to the east and north west – located 50km to the east of the Arcee Gold prospect.

Cobalt was intersected by shallow drilling at the Swoop prospect with results of up to 0.15 per cent cobalt and 0.67 per cent nickel in AC drilling.

Additional cobalt and nickel results at the Grimlock target returned up to 0.29 per cent cobalt and 1.56 per cent nickel in AC drilling.

“The JV continues to systematically explore the large-scale Lake Mackay project for multiple styles of precious and base metals mineralisation, and these latest results have provided us with some encouraging insights,” Prodigy Gold managing director Matt Briggs said in the company’s ASX announcement.

“Bedrock gold has been intersected in RC drilling at Goldbug for the first time.

“This is a large-scale soil anomaly extending for over 600 metres.

“Goldbug is located 50 kilometres to the east of the Arcee gold prospect that yielded a previous result of 12 metres at 3.5 grams per tonne gold, so we have prioritised this target for further follow-up work.”








Northern Minerals Drills Growth Potential at Browns Range

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has been encouraged by assay results from drilling across several targets at the company’s Browns Range project in Western Australia.

Northern Minerals completed 8,500 metres of reverse circulation (RC) drilling at Browns Range in late 2020, having commenced a $5 million exploration program to include up to 16,500m of drilling before the end of June 2021.

The first batch of assay results have been received from 45 drill holes at Dazzler Northwest (7 holes), Dazzler North/Ripcord (16 holes), Dazzler (6 holes), Gambit West (7 holes), Wolverine West (4 holes) and a new prospect named Toad (5 holes).

Encouraging drill results were received from first-pass drilling at the Toad and Dazzler North prospects.

Best results from Toad were:

9 metres at 0.54 per cent total rare earth oxide (TREO) from 53m, and
11m at 0.37 per cent TREO from 52m

At Dazzler North an intercept of 3m at 0.74 per cent TREO from 8m was returned.

Northern Minerals will follow-up these initial results in the second phase of drilling being planned at Browns Range in 2021, following the end of the wet season in the Kimberley region.

“We are very pleased to have exceeded our target of getting at least 8,000 metres of drilling completed before Christmas as well as post some very encouraging early results,” Northern Minerals CEO Mark Tory said in the company’s ASX announcement.

“Following up on these results will be one component of the second phase of our exploration drilling campaign, which we will be back on the ground to complete before the end of June.

“The relatively shallow depth as well as the grade and widths of some of these intersections give us plenty to work with, however much of the drilling in the first half of 2021 will be at new greenfields targets.

“Our overall strategy remains to increase the Mineral Resource and the life-of-mine potential at Browns Range to more than 20 years.

“This will feed into a future feasibility study for a potential commercial scale heavy rare earths operation at Browns Range.”








Great Boulder Resources hits Thick Zones at Blue Poles

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) announced results from a maiden reverse circulation (RC) drilling program carried out in November 2020 at the Blue Poles Prospect, situated within the company’s Whiteheads project north of Kalgoorlie in Western Australia.

Great Boulder Resources declared the drilling had confirmed the discovery of new gold mineralisation at Blue Poles.

Fifteen RC holes were drilled for a total of 1,448m to test primary gold mineralisation beneath air-core (AC) drilling intersections.

The program identified primary mineralisation over a 700 metres strike length, including broad zones of up to:

52 metres at 1.02 grams per tonne gold from 28m to the end of hole.

Lower grade intersections were also encountered over considerable widths including:

28m at 0.61g/t gold from 32m;

29m at 0.66g/t gold from 68m; and

42m at 0.45g/t gold from 28m.

“This is an exciting development at Blue Poles,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“There are two key takeaways here: firstly, we’ve identified primary gold over a 700 metres length in our first few RC holes, and it remains open at depth and to the south.

“That means the deposit is in-situ and not just a shallow supergene deposit limited to the weathered, near-surface material.

“Secondly, these intersections up to 52 metres wide demonstrate the potential for a large mineralised system.

“The next round of drilling will test the true thickness of these zones.

“These initial holes are on lines 100 metres apart, so the discovery remains at a very early stage.”

Great Boulder is already planning a second round of RC drilling to define and extend these results.

This will commence following the completion of gravity survey processing and target planning.








Andrew Radonjic Venture Minerals (ASX: VMS) January 2021


2021 started with a bang and so has Venture Minerals (ASX: VMS) with trenching results from the company’s Kulin gold project in Western Australia proving a touch more than encouraging. Venture’s managing director Andrew Radonjic ZOOMed into The Resources Roadhouse to provide a glimpse of what the company has in store for 2021.


Deposit Receives More Spring in its Step

THE CONFERENCE CALLER: Emerging Latin American base metals player Centaurus Metals (ASX: CTM) couldn’t have finished 2020 on a better note after drilling one of the best ever holes at its Jaguar nickel suphide project in northern Brazil. By Mark Fraser

During the second half of December the company announced the drill rig had returned a robust 30.8 metres at 3.3% nickel, 0.22% copper and 0.06% cobalt from a depth of 180.7m at its Jaguar Central deposit, which has become a key element in the strong and early economics underpinning the project’s proposed development.

So far Centaurus has established a JORC-compliant mineral resource estimate at Jaguar of 48 million tonnes grading 1.08% nickel for 517,500t of contained nickel – including 7.4 million tonnes at 1.13% nickel for more than 80,000t of contained nickel for Jaguar Central.

Meanwhile, a high grade resource of 20.6 million tonnes at 1.56% nickel for 321,400t of contained nickel includes a near-surface component at Jaguar Central of 4.1 million tonnes at 1.44% nickel for around 60,000t of contained nickel.

According to the company, the latest step-out hole was targeting a 30m zone of semi-massive to massive nickel sulphides. The above-mentioned 30.8m intercept – which included 12m at 2.31% nickel, 0.21% copper and 0.05% cobalt from 180.7m as well as 12.1m at 5.38% nickel, 0.31% copper and 0.09% cobalt (from 195.3m) – confirmed there were down-dip extensions to the high-grade nickel mineralisation shoot at Jaguar Central, which is now over 500m long and remains open at depth and along strike.

Further evidence that this demonstrated “the significant growth potential and upside at the deposit” was then provided when another step-out hole located 100m east intersected the top of the high grade shoot, returning 11m at 0.76% nickel, 0.03% copper and 0.02% cobalt (from 127m) and 20.2m at 1% nickel, 0.04% copper and 0.03% cobalt (from 153.3m).

In addition, Centaurus said, recent infill, extensional and step out drilling at Jaguar South also yielded consistent thick and shallow nickel sulphide intersections, including 20m at 1.4% nickel, 0.05% copper and 0.02% cobalt (from 161m) – with 4.7m at 2.18% nickel, 0.1% copper and 0.05% cobalt (from 161m) in addition to 4.2m at 3.42% nickel, 0.08% copper and 0.09% cobalt (from 172m) – as well as 17.2m at 1.19% nickel, 0.03% copper and 0.03% cobalt (from 162.6m), 11m at 1.21% nickel, 0.07% copper and 0.03% cobalt (from 89m), 9.6m at 1.04% nickel, 0.03% copper and 0.02% cobalt (from 81.5m) and 26.6m at 0.65% nickel, 0.02% copper and 0.01% cobalt (from 168.5m).

While encouraged by all of this good news, Centaurus’ managing director Darren Gordon said the 30.8m diamond hole intercept announced just before Christmas was, for the time being, the second-best nickel sulphide intersection drilled across the entire Jaguar project.

And while it “couldn’t quite pip” an earlier hole at Jaguar South which returned 34m at 3.31% nickel, it nevertheless was “another clear demonstration of the potential of this project to deliver thick zones of semi-massive to massive high-tenor nickel sulphides”.

“Importantly, this hole and other recent step-out holes are located well beyond the current mineral resource boundary, demonstrating the exceptional growth potential and upside the Jaguar project still has to offer as we continue to step out and drill deeper holes across the project area,” Gordon noted.

“Our recent drilling has confirmed the continuity of thick high-grade mineralisation at depth at Jaguar Central, with the growth of the deposit in this area having the potential to either drive down the depth of any future open pit or facilitate a quality start-up option for a future underground operation.

“Our recent drilling has also further enhanced our growing understanding of the potential economics of the Jaguar Central deposit. The in-fill and step-out drilling at Jaguar South is also going very well with results demonstrating the consistency of the mineralisation both along strike and down-dip.

“These results are all expected to contribute to an excellent outcome for the JORC mineral resource estimate upgrade planned for early in the first quarter of 2021.”

Located on the western side of the well-established Carajás Mineral Province in the Pará state of Brazil, Jaguar was discovered by Vale in 2007. Centaurus acquired the project in 2019 with over 55,000m of drilling already completed along with baseline metallurgical studies.

The company’s tenure in the region is over 100 square km incorporating Jaguar, which spans over a prospective strike of about 7 km.

The project sits on low population density farmland with only four key landowners.

The Pará state is a mining friendly jurisdiction and the Carajás region has established transport routes to port (road and rail), power infrastructure, a skilled mining workforce and access to key mining services.

A high voltage power substation is located at Vale’s Onça-Puma ferronickel plant 15 km to the north. Water is readily available in the area. Meanwhile, rail is accessible from the iron ore hub of Parauapebas.

Initial metallurgical testwork shows potential for around 82% nickel recoveries producing a 16% nickel concentrate for the Jaguar South and Onça Preta deposits.

Centaurus is aiming to generate a single flowsheet for all mineralised material to provide flexibility in co-treating ores from various deposits in the project.

More on the company’s progress will be provided at this year’s RIU Explorers Conference in Fremantle during February.

Sustained Activity Delivers Results for Active Junior

THE CONFERENCE CALLER: From all indications gold explorer Apollo Consolidated (ASX: AOP) will be kept busy during the first half of 2021 as it formalises – and adds to – the impressive one million ounce-plus inventory it has already established at its wholly-owned Lake Rebecca project in Western Australia’s Goldfields. By Mark Fraser

Late last year, while releasing the latest assay results for infill and step-down drilling at the Rebecca deposit, the WA-based junior indicated a re-estimation of mineral resources was planned for the current quarter which, in turn, would guide both exploration priorities and possible commercial studies moving forward.

Continued and sustained activity over 2020, the company said, had led to significant progress at the Rebecca, Duchess and Duke ore bodies, as well as the identification of new mineralisation at Duchess and Rebecca in addition to the discovery of exciting new zones of mineralisation under cover such as Cleo.

Infill and step-down RC drill holes had returned promising intercepts which are now expected to add further mineralisation to the project’s geological interpretation.

These included one hole that yielded three wide gold zones of 30 metres at 1.16 grams per tonne from 143m (the Laura structure), 33m at 1.46g/t from 217m as well as 15m at 1.74g/t from 255m (the Maddy structure).

These results confirmed – and extended -the broad mineralisation in this area. Moreover, these intercepts were interpreted to be close to true width.

Meanwhile, another pre-collar hole intersected 10m at 1.46g/t gold (end of hole) from 350m, which was interpreted to be a mineralised position in the hanging wall of the Laura structure.

This hole will be extended with a diamond “tail” to further test the Laura structure (80m down dip from 4.7m at 19.1g/t) in a previous hole.

Additionally, shallow drilling in up-dip positions identified additional near-surface gold mineralisation, including 10m at 1.22g/t from 30m, 8m at 3.53g/t from 43m and 3m at 8.22g/t (with 1m at a spectacular 22.8g/t) from 85m.

Other intersections included 10m at 0.84g/t from 10m, 8m at 2.58g/t from 48m as well as 5m at 2.55 g/t.

Ongoing drilling along the (approximate) 1.7 km long Rebecca deposit, Apollo said, continued to demonstrate the strength of this mineralised system and it was “pleasing to see mineralisation intercepted as expected in geological modelling as well as in new structural positions”.

In addition, a further eight RC holes and four diamond drill holes were completed at Rebecca.

The major mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

At the Duchess deposit a further 12 infill and step-out RC drill holes were completed, with a best result of 20m at 1.64g/t from 110m returned in a step-down hole which confirmed an extended and widening mineralised structure at this location.

Other holes drilled typically intersected gold mineralisation in expected positions, with results including 10m at 0.88g/t from 115m, and 4m at 1.59g/t (from 94m) as well as 3m at 1.28g/t (from 66m).

This hole is at the southern end of the Duchess drill-out and points to further exploration potential in the area extending toward Duke.

Apollo said ongoing drilling had built a greater understanding of the Duchess mineralised system, which was characterised by more advanced deformation and alteration than seen in other deposits in the project area.

The deposit comprises multiple north-south trending and west-dipping gold structures distributed over an area 900m long and around 400m wide. Reported intercepts are generally interpreted to be close to true width.

Drilling since the announcement of the maiden Duchess mineral resource (180,000 oz inferred) in February 2020 has defined a new mineralised position in the north east part of the deposit as well as local step-out and step-down extensions.

Shallow drilling is expected to continue into 2021, particularly to define near-surface mineralisation up-dip from known structures.

Apollo now expects to re-estimate its mineral resources, the results of which will guide exploration priorities and possible commercial studies some time this year.

The company said drilling would continue in January, with multiple “live” targets available, led by open high grade mineralisation at the Rebecca deposit.

It is expected all these results will be included in an updated mineral resource estimates planned for the current quarter.

Comprising 160 square km of tenure located some 150km east of Kalgoorlie-Boulder, Apollo’s project area covers the eastern margin of the Norseman-Wiluna Greenstone Belt and sits at the southern end of the Laverton Tectonic Zone.

Located in a similar geological setting just 140-150km to the north-west are three world class gold operations – Barrick Gold Corp’s (TSX: ABX) Granny Smith and Wallaby mines as well as AngloGold Ashanti’s (ASX: AGG) Sunrise Dam project.

Apollo also continues to retain a valuable royalty interest over the 1 million oz (plus) Seguela gold project in central Cote d’Ivoire in a joint venture with the Toronto-listed Roxgold (TSX: ROXG).

More on the company’s progress will be provided at this year’s RIU Explorers Conference in Fremantle during February.