Kin Mining Encounters Wide High-Grade Gold Hits at Helens East

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THE DRILL SERGEANT: The gold hits continue for Kin Mining (ASX: KIN) from the ongoing Phase 3 drilling program at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

This time the news is from the Helens East prospect, from where Kin reported results of the initial eight RC drill holes completed as part of a 15-hole program designed to follow up broad-spaced AC drilling.

Results include:

HE20RC358
21 metres at 3.58 grams per tonne gold from 45m, including 5m at 4.28g/t gold from 50m;
7m at 6.16g/t gold from 58m;

HE20RC352
1m at 5.01g/t gold from 16m and 2m at 2.65g/t gold from 49m; and

HE20RC356
1m at 2.34g/t gold from 37m.

Helens East is located 1.5 kilometres from the site of the proposed processing plant at the CGP, and is one of multiple new priority targets outside of the known deposits currently being drilled as part of the Phase 3 program.

The results received so far from the recent RC program at Helens East have demonstrated the presence of a large zone of consistent sulphide-hosted mineralisation.

“These exciting new high-grade results from RC drilling at Helens East represent a significant breakthrough in the broader context of the ongoing Phase 3 program,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The broad zone of consistent, shallow high-grade sulphide mineralisation encountered is exactly what we are looking for as part of our broader exploration program at the CGP.

“We are eagerly awaiting further RC drilling results from the remainder of the holes in order to confirm that Helens East is a significant new discovery for the company.

“The mineralisation at Helens East appears to be similar in style and mineralogy to both the Helens mineralisation and the Cardinia Hill mineralisation, which are located nearby.

“This indicates to our geological teams a common source for the Helens, Cardinia Hill and Helens East deposits.

“These lodes appear to be part of a significantly larger mineralised system of high-grade, sulphide-dominant lodes and veins on the eastern side of the Cardinia area linked to the Helens Fault.

“The Helens Fault is believed to be a regionally significant structure which is likely to control mineralisation at a number of prospects including Helens, Fiona, Rangoon, East Lynne, Cardinia Hill and now Helens East.

“The multi-element geochemistry in this area is extensive and extends over an area spanning approximately 2km by 1km.

“The Helens East area will be further tested with additional RC and diamond drilling once the remaining 16 RC holes drilled in this initial follow-up have been returned from the assay lab and the RC rig returns to site in early September.

“In the meantime, the extensive in-fill air-core program at East Lynne is continuing, building on the encouraging results reported from the northern end of this large gold target last month and the EIS co-funded diamond drilling is continuing to test some conceptual geophysical targets at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com

 

Web: www.kinmining.com

 

Ausgold Extends Katanning Gold Project Exploration

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THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) has extended the Jinkas South and White Dam areas at the Central Zone within the company’s 100 per cent-owned Katanning Gold Project in Western Australia.

Ausgold recently completed reverse circulation (RC) drilling programs at both sites that have also been utilised to carry out further down hole electromagnetic (DHEM) surveys that has resulted in the identification of a further 18 DHEM targets within the Jinkas, Jinkas South and White Dam lodes where RC drilling is underway to test these.

The latest drilling at Jinkas South involved 17 holes targeting areas along strike from high-grade gold mineralisation previously intercepted, returning:

BSRC0993
29 metres at 1.84 grams per tonne gold from 120m, including 15m at 3.17g/t gold;

BSRC0989
11m at 1.16g/t gold from 138m including 5m at 2.06g/t gold;
4m at 2.03g/t gold from 114m including 1m at 7.46g/t gold;

BSRC0964
4m at 2.03g/t gold from 111m and 11m at 1.16g/t gold from 134m;

BSRC0968
4m at 2.25g/t gold from 30m including 1m at 7.84g/t gold;

BSRC0972
2m at 4.62g/t gold from 102m including 1m at 8.84g/t gold; and

BSRC0976
7m at 1.28g/t gold from 117m including 2m 3.45g/t gold.

The Jinkas South drilling intersected a broad zone of gold mineralisation at a much higher grade than the overall Resource, as well as extending the high-grade gold mineralisation to over 600m north along strike on the eastern edge of the defined Resource.

RC drilling carried out within the Jinkas and White Dam Resource areas targeted gold mineralisation that had been poorly defined by previous drilling, including areas outside of the current Resource.

Results from this area, include:

BSRC0973
20m at 0.87g/t gold from 139m, including 3m at 2.66g/t gold and 2m at 1.51g/t gold;

BSRC0970
17m at 0.94g/t gold from 66m, including 1m at 5.59g/t gold;

BSRC0970
4m at 2.41g/t gold from 21m and 7m at 1.02g/t gold from 44m and 3m at 1.79g/t gold from 87m; and

BSRC0968
4m at 2.25g/t gold from 30m, including 1m at 7.84g/t gold.

“Recent RC drilling has targeted high-grade gold mineralisation within the Jinkas South, Jinkas and White Dam lodes with the aim to add higher grade ounces to the current 1.2 million ounces gold Resource at Katanning,” Ausgold managing director Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“New drilling shows high-grade gold mineralisation extends well beyond that estimated in the current Resource area which will further improve the project economics.

“The application of geophysical programs alongside RC drilling has continued to provide targets for high-grade gold mineralisation within the Jinkas South lode.

“The recent drill program where broad zones of higher-grade gold mineralisation, including 29 metres at 1.84 grams per tonne gold from 120 metres in BSRC0993, indicate further potential north along strike.

“The Jinkas South lode can be traced over a 600 metres strike length and remains open along strike.

“Follow-up RC drilling currently underway is targeting this high-grade mineralisation north along strike.

“Ausgold is extending the coverage of DHEM and has completed a high-resolution ground gravity survey to target this mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Meteoric Resources Encounters High-Grade Gold and Copper Extensions at Juruena

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) announced results from the first four holes of its 2020 drilling program from the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources reported the assay results from its 2020 drilling at the Juruena gold project extended the high‐grade gold at the Dona Maria prospect and discovered a new style of high‐grade gold copper mineralisation at the Crentes prospect.

Results include:

JUDD024
9 metres at 15.6 grams per tonne gold and 1.5 per cent copper from 100m (141 g/t.m), including 6m at 21.6g/t gold and 2 per cent copper from 101m, and 3m at 6.2g/t gold from 243m (19 g/t.m)

JUDD025
3.4m at 10.1g/t gold from 392m (34 g/t.m), including 0.5m at 71.9g/t gold from 394.5m.

The company highlighted the gold copper intercept of 9m at 15.6g/t gold and 1.5 per cent copper in JUDD024 in the Crentes Fault, saying that in addition to being a spectacular gold intercept, is the highest‐grade copper zone intersected at Juruena.

“The first results from the 2020 drilling have provided Meteoric with confirmation that the Dona Maria high-grade zone does indeed continue down dip and the intercept of 3.4 metres at 10 grams per tonne gold in hole JUDD0025 is over 100 metres below the base of the currently modelled mineral resource,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“This is a great start to the 2020 drilling as obviously the 2020 drilling will have a large impact when the resource is re‐estimated on completion of this program.

“Equally exciting was the much shallower intercept of strong gold‐copper grades associated with intense hydrothermal brecciation giving the best copper grades ever drilled on the project.

“The intercept in JUDD024 of 9 metres at 15.6 grams per tonne gold and 1.5 per cent copper, in addition to comprising a spectacular gold intersection, eclipses the previous best copper result recorded at Juruena in JUDD010, which recorded 54.3 metres at 1.33 grams per tonne gold and 0.23 per cent copper (ASX release 6/11/19).

“Of huge interest to us is that the gold‐copper intercept in JUDD0024 is a whole new style of mineralisation never before noted at Juruena and thus opens up further exploration opportunities and we will continue to chase this emerging potential throughout the 2020 field season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.meteoric.com.au

 

Genesis Minerals Hits Broad Mineralised Zones in New Archduke Target

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) claimed to have confirmed the Archduke prospect as a new shallow oxide gold target at the company’s 100 per cent-owned Ulysses gold project in Western Australia.

Genesis Minerals completed air-core drilling that confirmed gold mineralisation at the Archduke prospect, located immediately south-east of the 246,000-ounce Admiral-Clark-Butterfly deposits.

The company declared the drilling identified strong potential for shallow oxide gold resources, with results including:

20USAC959
25 metres at 1.09 grams per tonne gold from 15m, including 10m at 2.17g/t gold;

20USAC956
15m at 1.03g/t gold from 40m, including 5m at 2.40g/t gold;

20USAC934
3m at 2.05g/t gold from 68m (EOH);

20USAC933
19m at 0.76g/t gold from 51m, including 5m at 1.88g/t Au from 51m;

20USAC904
19m at 0.50g/t gold from 39m;

20USAC918
15m at 0.52g/t gold from 62m; and

20USAC930
22m at 0.58g/t gold from 37m.

This drilling forms part of early-stage drilling programs the company is conducting to identify prospects that can be moved rapidly into resource development as part of its strategy to develop an expanded standalone gold project at Ulysses.

“The success of our early air-core drilling at Archduke validates our acquisition and growth strategy around the Ulysses project,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“We have long believed that the best way to add value to what we already have at Ulysses is to acquire more ground in the district, which is highly prospective but massively under-explored.

“This early drilling supports this view and has outlined a very substantial shallow gold target at Archduke that provides a strong opportunity to help grow the current Resources of 1.28 million ounces to underpin a long-life, standalone mining operation at Ulysses.

“Subject to establishing a resource and undertaking economic evaluation, Archduke may potentially form part of the Admiral-Clark-Butterfly mining centre.

“Drilling is continuing at Ulysses with two RC rigs operating and a diamond rig commencing this week. We expect to see a steady flow of results over the coming weeks and months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Apollo Consolidated Encounters Strong Gold Intercepts at Cleo and Duchess

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THE DRILL SERGEANT: Apollo Consolidated’s (ASX: AOP) recent drilling activities at the company’s Lake Rebecca gold project in Western Australia has targeted the recent Cleo gold discovery.

The drilling has also focused on resource definition at the Duchess deposit, as well as exploration drill holes along the four-kilometre structural zone between the two areas.

Drilling at Cleo returned the best results the company has achieved there to date, indicating potential for a new deposit to take shape.

Results include:

RCLR0635
38 metres at 2 grams per tonne gold, including 2m at 20.4g/t gold and 5m at 2.75g/t gold; and

RCLR0636
2m at 9.39g/t gold, including 1m at 17.2g/t gold.

Continued infill and exploration drilling at the Duchess deposit has confirmed wide zones of mineralisation, including:

RCLR0649
35m at 0.90g/t gold;

RCLR0651
10m at 1.46g/t gold and 18m at 0.74g/t gold;

RCLR0652
10m at 1.83g/t gold;

RCLR0631
9m at 1.82g/t gold and 24m at 0.87g/t gold; and

RCLR0632
12m at 1.15g/t gold.

Drilling to date has identified a substantial mineralised zone at Cleo, particularly on drill section 6641820N where the anomalous zone is at least 150m wide,” Apollo Consolidated said in its ASX announcement.

“Mineralisation is hosted by fine grained disseminated sulphides in micro-diorite to amphibolite, as compared to granodiorite gneiss at the Rebecca, Duchess and Duke deposits, and this potentially opens new exploration fronts to the south and in under-explored parts of the project.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Alto Metals Hits Further Mineralisation at New Orion Lode Gold Discovery

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THE DRILL SERGEANT: Alto Metals (ASX: AME) announced further drill results from the new shallow gold Orion Lode discovery, located 200m south of the Lord Nelson pit, within the company’s Sandstone gold project in Western Australia.

Alto Metals said the latest results from the Orion Lode highlight the continuity of high-grade mineralisation at the new discovery, including:

SRC205
12m at 4.8 grams per tonne gold from 84m;

SRC204
4m at 4.1g/t gold from 28m; and

SRC206
12m at 1.2g/t gold from 68m and 8m at 1.3g/t from 84m.

The company also completed RC drilling that targeted the primary gold mineralisation beneath the Lord Nelson pit, returning results, including:

SRC209
8m at 4.1g/t gold from 208m.

“These latest results highlight the continuity of shallow, high-grade mineralisation at the new Orion Lode,” Alto Metals managing director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“And the presence of the high-grade shoot within a much larger mineralised envelope, up to 50 metres thick, indicates the presence of a large gold mineralised system.

“We are excited by what we are seeing at Lord Nelson and, with the level of drilling and exploration activity planned to increase in the coming weeks, shareholders can look forward to more results as we test a number of possible Lord Nelson repeat lodes along the three kilometre long Lords’ corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Venture Minerals Commences Dry Screening at Riley Iron Ore Mine

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has commenced dry screening and associated mining operations at the company’s Riley iron ore mine in Tasmania.

The dry screening operations at the Riley Mine is part of the ramp-up phase of the project with full production to occur upon successful commissioning of the wet processing plant.

Venture Minerals is eager to accelerate production and capture the current iron ore prices before the wet screening plant has been built and commissioned, reducing capital cost requirements.

“Venture has successfully commenced dry screening operations at the Riley Iron Ore Mine achieving yet another key milestone in the life of the project as it ramps up towards full scale production,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The iron ore price continues to strengthen, and the company looks forward to delivering the first shipment into this positive demand.

“The increased activity at the Riley iron ore mine continues to provide further economic benefits to the community of the West Coast of Tasmania at a time when it is greatly needed and Venture is proud to be rewarding the support of the people of Tasmania in bringing this to fruition.”

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Middle Island Returns High-Grade Gold Results from Plum Pudding

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) stuck in its thumb and pulled out multiple high-grade gold intercepts from the Plum Pudding deposit within the company’s Sandstone gold project in the central Goldfields of Western Australia.

The new results comprise broad, consistent, shallow (less than 40m downhole depth) drill intercepts over a 300 metres strike length and up to 90m width.

New Phase 2 reverse circulation (RC) intercepts at Plum Pudding include:

7 metres at 24.1 grams per tonne gold;
7m at 19g/t gold;
12m at 7.22g/t gold;
3m at 24.7g/t gold;
27m at 1.42g/t gold;
3m at 10g/t gold; and
12m at 2.46g/t gold.

The latest results complement previously achieved intercepts derived from Phase 1 and historic RC drilling at Plum Pudding.

Middle Island has completed more than 45,000m of drilling in its Phase 1 and Phase 2 campaigns this year, extending several existing Sandstone deposits and identifying five new satellite open pit deposits.

The on-going Phase 2 RC and diamond drilling programs are almost exclusively focussed on infilling and extending the five new satellite open pit deposits, McClaren, McIntyre, Ridge, Old Town Well and Plum Pudding, identified by the Phase 1 RC drilling campaign in the first half of 2020.

All new satellite deposits are located on existing Mining Leases within 2.5 kilometres of the company’s 100 per cent-owned 600,000 tonnes per annum gold processing plant.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Legend Mining Identifies Strong Off-hole Conductor at Mawson

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) recently completed a downhole electromagnetic (DHTEM) survey at the Mawson prospect within the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining reported the DHTEM survey, carried out on drillhole RKDD021, identified a very strong (25,000-30,000S) off-hole conductor.

Legend explained the position and orientation of the conductor fits with the company’s structural analysis of the interpreted extension orientation of the main Mawson mineralisation.

Diamond drilling of the new off-hole conductor will commence on the completion of the current diamond hole that is planned to a depth of 300m downhole.

Structural analysis of RKDD021 has been completed, with the drill core now scheduled for sampling and assaying.

“The new off-hole conductor from hole 21 is modelled as double the strength of the conductor which hole 21 was designed to test,” Legend Mining managing director Mark Wilson said in the company’s announcement to the Australian Securities Exchange.

“The geological interpretation that this conductor is the extension of the 15.35 metres interval of significant sulphides in hole 21 coupled with its strength, point to some exciting days ahead.

“The diamond hole to test this conductor will be the next hole drilled once the rig completes the diamond tail on RC hole 15.”

 

Web: www.legendmining.com.au

Kin Mining Extends Cardinia Hill Discovery

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) has extended mineralisation at Cardinia Hill via ongoing Phase 3 Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Cardinia Gold Project (CGP) located near Leonora in Western Australia.

Kin Mining announced the extension on the back of recent assay results received for five Reverse Circulation (RC) holes drilled at Cardinia Hill.

Results include:

CH20RC056
15 metres at 1.97 grams per tonne gold from 150m;

CH20RC058
9m at 1.92g/t gold from 34m;

CH20RC060
10m at 1.05g/t gold from 139m; and

CH20RC061
10m at 2.67g/t gold from 149m.

The company said the results further refined its geological understanding of the Cardinia Hill deposit, highlighting the presence of two north-plunging shoots of higher-grade mineralisation within the main lode.

“The follow-up phase of RC drilling at the northern end of Cardinia Hill has been successful in intersecting the northern shoot of mineralisation at depth, further improving our understanding of the geometry and scale of the deposit – and providing a solid foundation for planned resource drilling,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The diamond drill core is also providing strong insight for our exploration team in terms of understanding the internal detail of the deposit.

“We are continuing the systematic approach to exploration that has proven to be so successful to date as we advance a number of targets in parallel across the broader Cardinia area.

“Investors can look forward to continued regular updates as we receive assay results from RC drilling across the Helens East, Pelsart and Cardinia Hill prospects.

“We are also looking forward to receiving further results from the extensive air-core program at East Lynne, building on the encouraging results reported from the northern end of this large gold target earlier this week…and the EIS co-funded diamond drill holes at East Lynne testing some conceptual geophysical targets at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au