Musgrave Minerals Extends Starlight Discovery Mineralisation

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported more positive results from a further 10 reverse circulation (RC) drill holes and four diamond drill holes carried out as part of the current program at the company’s Cue gold project in Western Australia.

Musgrave is continuing to drill at the new Starlight gold discovery at Break of Day in order to confirm the high-grade nature of the Starlight discovery.

Starlight remains open down plunge where drilling is continuing.

All intercepts reported in the current drilling program are outside the existing Break of Day resource estimate.

RC drilling at Starlight returned strong gold intercepts, including:

20MORC085
12 metres at 19.5 grams per tonne gold from 3m;

20MORC071
8m at 17g/t gold from 74m in the main Starlight lode, including 2m at 56.4g/t gold from 74m, and;
4m at 16.1g/t gold from 149m in a footwall position.

20MORC069
12m at 9.4g/t gold from 129m, including 5m at 20.6g/t gold from 129m.

Diamond drilling at Starlight also returned encouraging intercepts, including:

20MODD010
5.6m at 12.7g/t gold from 257.6m; and

20MODD009
4.7m at 7g/t gold from 132.2m.

“These are further excellent drill results from Starlight which is showing great continuity in the top 200 metres,”

“We are currently focusing on the depth extents at both Starlight and the new White Light discovery.

“The regional program has also kicked off with the focus on making additional high-grade gold discoveries in the belt.”

Musgrave has taken delivery of an additional drill rig to test for new lodes within the Break of Day/Lena mineralised corridor on 100 per cent owned Musgrave ground.

This program will test 18 new targets derived from geophysical, geochemical and geological data and focus on the potential for high-grade gold mineralisation on structures cross-cutting stratigraphy similar to that seen at Starlight.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Kin Mining Scores High-Grades at Bruno-Lewis

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent Reverse Circulation (RC) drilling undertaken at the Bruno-Lewis prospect, part of the company’s 100 per cent-owned Cardinia gold project (CGP) in Western Australia.

Kin Mining carried out the drilling at Bruno-Lewis as part of the ongoing Phase 3 drilling program while it was waiting on assay results from regional prospects it had drilled in previous weeks, including Helens East, Cardinia Hill, Hobby and East Lynne.

Air-core and diamond drilling is continuing at the CGP with RC drilling scheduled to resume anon.

High-grade assays were received for 10 Reverse Circulation holes drilled at the Bruno-Lewis deposit, including:

BL20RC055
15 metres at 3.35 grams per tonne gold from 9m and 1m at 35.4g/t gold from 41m;

BL20RC057
9m at 5.03g/t gold from 33m;

HB20RC062
9m at 2.58g/t gold from 23m;

BL20RC052
11m at 1.78g/t gold from 34m; and

BL20RC059
7m at 1.4g/t gold from 21m and 1m at 19.5g/t gold from 44m.

“The strong results being generated by the Phase 3 drilling continue to demonstrate the exceptional underlying value of the Cardinia Gold Project,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“We were able to capitalise on the excellent progress we have been making with the RC rig by fitting in a strategic 10-hole program at the cornerstone Bruno-Lewis deposit.

“The results have exceeded our expectations, highlighting the potential both to increase the average grade of the Resource and to include previously identified lode positions that were not classified as part of the Mineral Resource estimate in February 2020.

“This work will be incorporated as part of our project-wide Mineral Resource estimate update towards the end of the year, which will be based on current, much higher gold prices.

“The recent drilling has also demonstrated the potential for the mineralisation at Bruno-Lewis to link up with the Lewis East prospect as part of a much larger mineralised system.

“This potential will be evaluated with further drilling later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Encounter Resources Pegs New NT Tenements

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has pegged six new project areas covering 14,800 square kilometres in the Northern Territory.

Encounter Resources said it had pegged the ground based on potential to contain large, sedimentary-hosted and IOCG style copper deposits.

The areas lie in a highly prospective but vastly underexplored region under shallow cover located between the major copper-gold producing districts of Mt Isa and Tennant Creek and came to the company’s attention via new datasets provided by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program.

The application for new exploration licences comprise the Elliott and Jessica copper projects in the Northern Territory.

Elliott was the first project secured by Encounter in the Northern Territory.

The project comprises seven tenements covering more than 4,500sqkm, four of which covering over 3,000sqkm were granted in March 2020.

The Elliott project is located on the Stuart Highway which runs along the western margin of the project.

The second project – Jessica, covers approximately 5,500sqkm along key structural corridors east of Tennant Creek and is prospective for sedimentary-hosted copper and IOCG style deposits.

Access to the project is via the sealed Tablelands Highway that traverses the western side of Jessica.

“Copper sourced from sedimentary-hosted deposits is one of the largest sources of copper metal in the world today,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The potential for sedimentary-hosted copper deposits to be found under thin cover in the Northern Territory is being opened up through the interrogation of new government datasets.

“Encounter moved early and aggressively to secure a series of camp scale, first mover opportunities in this new frontier.

“Early exploration has yielded exciting results which we will now seek to build on.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Blackstone Minerals Pulls Off New Nickel Zone Discovery at Ta Khoa

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) is enjoying its time in Vietnam, this time declaring the discovery of a new zone of nickel mineralisation at the company’s Ta Khoa nickel-copper-PGE project.

Blackstone’s in-house geophysics crew encountered the Viper Discovery Zone to the east of the Ban Chang prospect, generating the blind discovery of potential massive sulphide nickel targets from a series of new shallow EM anomalies.

The geology team followed up the new EM anomalies with a series of trenches to better understand the prospectivity of the VDZ and discovered a nickel-copper gossan.

“The VDZ is a blind discovery which bodes well for further blind discoveries throughout the Ta Khoa Nickel-copper-PGE district and shows the potential of this project to host much more undiscovered nickel sulphide mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“In addition to blind discovery potential, we have 25 massive sulphide targets, which are all associated with outcropping mineralisation at surface, and with our in-house geophysics team, we can generate additional blind discoveries that were not known to previous operators of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Bulletin Resources Identifies New Lake Rebecca Gold Targets

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THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) has defined numerous priority exploration target areas within the company’s 80 per cent-owned (20% Matsa Resources (ASX: MAT)) Lake Rebecca project outside Kalgoorlie in Western Australia.

Bulletin Resources identified the new targets by way of a recently commissioned geological and geophysical study of the Lake Rebecca project to identify and advance priority gold target areas after a recent buy of up of new land tenure.

A key outcome of the study was the identification of what has been informally named the Rebecca Complex geological unit.

Of note is that the new unit hosts all of the gold deposits of Bulletin’s neighbour, Apollo Consolidated (ASX: AOP), as well as Bulletin’s healthier drill intercepts of late.

This same unit is recognised in Bulletin’s ground both along strike of AOP’s deposits as well as further north.

“The abundance of targets generated from this study and recognition of extensive areas of prospective geology in Bulletin’s ground supports the Board’s view to progress exploration as quickly as we can,” Bulletin Resources chairman Paul Poli said in the company’s announcement to the Australian Securities Exchange.

“Bulletin looks forward to continuing work and finding success in this exciting area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bulletinresources.com

 

Web: www.bulletinresources.com

 

Atrum Coal Continues Thick Canadian Coal Intersections

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THE DRILL SERGEANT: Atrum Coal (ASX: ATU) recently completed the RAB drilling component of the 2020 field program at the company’s 100 per cent-owned Elan hard coking coal project in southern Alberta, Canada.

Atrum Coal has completed 102 holes at the Elan project, 94 of which were drilled within the Scoping Study pit shell, reducing the typical hole spacing to 100 – 200 metres in most areas.

Eight RAB holes were drilled to the north of the Scoping Study pit shell, mainly as sterilisation drilling for potential ex-pit waste dump locations under consideration in the current PFS.

The final RAB holes will target areas where thrust faulting occurs.

The drilling predominantly focused on Inferred resource areas within the optimised pit shell that was identified in the Elan project Scoping Study, targeting upgrades to resource classification for inclusion in the PFS mine schedule.

Atrum consistently encountered thick, shallow coal intersections, demonstrating that cumulative apparent coal thicknesses continue to average over 30m per hole within the pit shell, starting from as little as 3m below surface.

Total apparent coal intersections over the past month include;

88.8 metres in ISRAB20-057;
80.6 metres in ISRAB20-056; and
76.8 metres in ISRAB20-055.

“Program delivery, both RAB and coring, has been strong and keeps us well on track for the targeted resource update in 4Q 2020,” Atrum Coal managing director and CEO Andrew Caruso said in the company’s announcement to the Australian Securities Exchange.

“Most importantly, the results of the 2020 program have to date validated our resource expectations at Isolation South.

“We have been successful in demonstrating both the continuity and thickness of target coal seams in key Inferred resource areas.

“These outcomes bode well for the resource update later this year and the mine schedule to be incorporated into the Elan project PFS due in mid-2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@atrumcoal.com

 

Web: www.atrumcoal.com

 

Middle Island Resources Gains Northern Territory Barkly Approvals

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THE BOURSE WHISPERER: Middle Island Resources has had all 10 exploration licences (ELs), that make up the company’s 100 per cent-owned Barkly super-project in the Northern Territory, approved by the Northern Territory Government for granting.

Middle Island explained the formal grant is now only dependent on the lifting of COVID-19 travel restrictions or at the company’s earlier election, however, at this stage MDI has elected not to trigger the formal grant at this stage.

The Barkly project comprises 3,253 square kilometres that extend semi-continuously for over 350 kilometres along the axis of the East Tennant basement ridge, extending east from Tennant Creek across the Barkly Tableland to the Queensland border.

Pre-competitive government research suggests the area is highly prospective for Tier 1 iron oxide-copper-gold (IOCG) deposits.

Of note is that the Middle Island ELs in the Barkly area surround or immediately adjoin those of Newcrest Mining, while those in the Tennant Creek area adjoin Rio Tinto tenure, providing strong endorsement of the project’s technical merit.

As exciting as the Barkly project may become, for now Middle Island’s immediate focus remains firmly in Western Australia at the company’s Sandstone gold project development.

“We are extremely pleased to confirm that all 10 Exploration Licences comprising the Barkly copper-gold project in the NT are now available for grant, making Middle Island one of the first movers and largest tenement holders along the highly prospective East Tennant Ridge,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“Middle Island has secured priority areas and targets in several cases, and the allocated areas also include or immediately adjoin several sites planned for much anticipated government stratigraphic basement drilling.

“The Barkly project represents a second string to Middle Island’s bow, with the immediate focus firmly on completing the feasibility study on the advanced Sandstone gold project in Western Australia, with a view to recommissioning that project early in 2021.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Antipa Minerals Highlights New Havieron-Style Gold-Copper Targets

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THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from an aerial electromagnetic (AEM) geophysical survey completed on the company’s Wilki Farm-in project within the Paterson Province of Western Australia.

The survey was completed by Antipa’s Farm-in partner Newcrest and is part of the Wilki 2020 Exploration Program that consists of two phases of greenfield exploration to be operated by Antipa and fully-funded by Newcrest Operations Limited.

Under the terms of the Wilki Project Farm-in Agreement, Newcrest is required to fund a minimum of $6 million of exploration expenditure, inclusive of management fees, within two years.

The survey identified three high priority preliminary targets situated within 10 to 44 kilometres of high-grade the Havieron gold-copper deposit and the Telfer gold-copper mine and processing facility.

According to Antipa, some targets have similar characteristics to high-grade Havieron gold-copper deposit.

Drill testing of identified AEM and magnetic targets is planned to commence in October while the exploration program continues charged with the aim of discovering similar style mineralised systems to nearby Telfer, Havieron, Winu and Nifty deposits.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@antipaminerals.com.au

 

Web: www.antipaminerals.com.au

 

Alicanto Minerals Identifies Four New Swedish Copper-Gold Targets

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has applied for new tenements at Stone Lake, Heritage Valley and Swamp Thing, all located within the company’s Greater Falun copper-gold project in Sweden.

The applications follow recent fieldwork by Alicanto that has demonstrated the new Greater Falun tenements contain several copper-gold skarn targets in addition to those the company has previously announced at Wolf Mt, Heden and Lustebo.

Alicanto’s recent work also led to its claim of discovery of high-grade copper-gold mineralisation within granite at the Birch Mountain target.

Grab samples taken from the historic test mining area at Birch Mountain identified 4.94 per cent copper with 0.3 grams per tonne gold and 3.61 per cent copper with 0.18g/t gold in strongly K-feldspar altered granite.

Alicanto has interpreted the location to represent the causative plutonic part of a copper-gold skarn system.

This takes the total number of discovered copper-gold skarns at surface to seven, all discovered since January 2020 and within 15 kilometres of the Greater Falun project.

“These latest high-grade copper-gold results from the recent surface mapping campaign continue to strongly support Alicanto’s interpretation of the significance of the previous Wolf Mt, Heden and Lustebo copper-gold skarn discoveries,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“A regional distribution with seven (so far) of these copper-gold skarn systems has now been identified in the Greater Falun area.

“These further highlight the immense prospectivity of Alicanto’s land holding in what is a highly-endowed region.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Alto Metals Confirms Shallow Gold at Sandstone

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THE DRILL SERGEANT: Alto Metals (ASX: AME) completed a recent program of infill drilling to confirm continuity of a new mineralised lode to the south of the Lord Nelson pit at the company’s Sandstone gold project in Western Australia.

Alto Metals carried out the drilling to the south of the Lord Nelson pit, to close the previous drill spacing to 40 metres over a portion of the southern extension.

The drilling intercepted the new gold lode at the predicted lode position and confirmed the continuity of mineralisation.

A step-out drill hole confirmed mineralisation of the new lode extends a further 80m and remains open.

Alto is of the opinion this new lode, located just 200m to the south, appears to be a repeat of Lord Nelson, which historically produced 207,000 ounces of gold at 4.6 grams per tonne mined down to a depth of 90m.

Latest infill drilling results include:

SRC191
28 metres at 2.8 grams per tonne gold from 48m, including 4m at 7.4g/t gold from 56m;

SRC192
16m at 3.7g/t gold from 108m, including 4m at 8.2 g/t gold from 116m; and

SRC190
16m at 1.6g/t gold from 24m, including 4m at 3.8g/t gold from 36m.

Results from the 80m step out drilling results include:

SRC197
8m at 2.4g/t gold from 156m.

“This new lode is emerging as a repeat of Lord Nelson and these latest outstanding results continue to support our view of the likelihood of a much larger mineralised gold system,” Alto Metals managing director Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.

“Drilling has now demonstrated the continuity of the new mineralised lode, which is already known to extend over 100 metres down dip and over 300 metres strike and remains open.

“RC drilling is ongoing at Lord Nelson, targeting high-grade gold mineralisation beneath the pit and further extensional drilling of this new lode.

“We remain focused on continuing exploration, despite the current corporate distractions, and look forward to updating shareholders on further drilling results”

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

Email: admin@altometals.com.au

Web: www.altometals.com.au