Carawine Resources Scores Encouraging Copper and Gold Drill Results

/in , /by

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) reported results from RC drilling completed at the Warroo prospects on the company’s 100 per cent-owned Cable tenement, part of its Paterson project in Western Australia.

Carawine Resources conducted the drilling program targeting copper, lead, zinc, silver and gold mineralisation at the Warroo prospects, from which it has identified areas of copper and zinc anomalism for follow-up exploration.

Results of note came from the Warroo North and Warroo NE prospect areas, including:

Warroo North

CBAC259
6 metres at 0.63 per cent copper from 19m, including 1m at 2.74 per cent copper from 21m;

CBAC208
4m at 0.38 per cent copper from 12m; and

CBAC251
1m at 0.32 per cent copper from 12m (eoh).

Warroo NE

CBAC099
4m at 0.24ppm gold from 4m.

“We consider today’s results to be highly encouraging, with a number of significant copper and gold intervals returned, and large areas of copper and zinc anomalism identified, from just our first drilling program at Cable,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“This is especially exciting because the drilling was shallow in this initial first-pass program, reaching no more than 13 metres below surface in most holes.

“Combined with the results of our helicopter-borne electromagnetic TargetEM survey, and the historic exploration data, we expect the results of this drilling to yield several high potential, high priority targets for deeper direct drill testing expected to occur in 2025.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Novo Resources Extends Nunyerry North High-Grade Gold Zone

/in , /by

THE DRILL SERGEANT: Novo Resources (ASX: NVO) has been busy of late across the company’s Egina Gold Camp and Balla Balla gold project in Western Australia.

Novo Resources received results from recent RC drilling undertaken at Nunyerry North that extended the high-grade Main Lode to 500 metres strike/plunge while intersecting high-grade gold along the Estrid Fault.

Intercepts from the 34 hole program include:

NC046
13 metres at 2.68 grams per tonne gold from 66m, including 3m at 10.41g/t gold from 66m, and
11m at 2.2g/t gold from 84m, including 1m at 18.06g/t gold from 86m; and

NC063
17m at 1.85g/t gold from 25m, including 7m at 3.55g/t gold from 25m.

Elsewhere within the project are, Novo’s Egina Joint Venture with De Grey Mining (ASX: DEG) has continued to carry out key exploration activities at the Becher project, entailing drilling at Heckmair, Lowe and Whillans, southwest of De Grey’s Hemi gold project.

“We continue our strong exploration program across key gold targets in the Pilbara,” Novo Resources executive co-chairman and acting CEO Mike Spreadborough said in the company’s ASX announcement.

“The drilling results at Nunyerry North are very promising and we look forward to assessing the complete program and establishing the next set of work activities.

“Our Egina Joint Venture partner, De Grey Mining, continues targeted exploration programs across key prospects at the Becher project.

“De Grey has completed approximately 36,000 metres of combined aircore and RC drilling at Becher to end July 2024 and plans to continue to drill across the Heckmair, Lowe and Whillans targets over the coming months.

“Our Egina JV tenements are considered highly prospective for significant intrusion-related gold deposits and shares similar attributes to the nearby 12.7 million ounce Hemi gold project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Gold Continues Being Bankable Exploration Target

/in , /by

COMMODITY CAPERS: Gold, it seems, is worth its weight in itself these days and there are plenty of explorers out there eager to find more of it.

One only needs look at the number of companies that last year were spruiking discovery of lithium on their gold tenements to now finding gold on their lithium tenements to see how trends have changed.

With the price of gold hovering around US$2539 per ounce why wouldn’t they?

This week presented plenty to see in the gold exploration sphere, here’s some news from the sector:

 

Barton Gold Holdings (ASX: BGD) reported high-grade assays from the Tarcoola Goldfield at the company’s Tarcoola gold project in South Australia.

Barton Gold Holdings received assays from recent drilling that it declared to have confirmed the new Tolmer gold mineralised system, comprised of quartz veining within a broader zone of alteration.

Barton Gold explained the assays received from approx. 100 metres spaced drill lines indicate potential for a zone of continuous high-grade mineralisation, which is subject to confirmation via further drilling.

Barton is currently planning follow up drilling programs later this year, including aircore and further RC definition drilling, to help define the potential extent of the Tolmer footprint and potential continuity.

“We are excited to confirm that the first significant test of Tarcoola’s new structural model has confirmed a new gold mineralised system at Tolmer,” Barton Gold Holdings managing director Alexander Scanlon said.

“We have also successfully intersected high-grade mineralisation at multiple other targets, demonstrating Tarcoola’s broader potential to host multiple shallow, high-grade gold zones.

“We are also awaiting further assay results from the open pit Perseverance Mine, where we are hoping to convert further shallow mineralisation in the pit floor into additional high-grade Resources for a ‘Stage 1’ operation.”

TO READ THE FULL BARTON GOLD HOLDINGS ANNOUNCEMENT: CLICK HERE

 

Brightstar Resources (ASX: BTR) received first results from RC infill drilling carried out at the Lord Byron deposit, part of the company’s 293,000 ounce Jasper Hills gold project near Laverton in Western Australia.

Brightstar Resources explained the program is targeting gold mineralisation within conceptual open pit shells beneath and between the existing open pits to increase confidence in the current resource.

The drilling is part of a RC and diamond drill-out at Jasper Hills, which the company has designed to infill the resource, improve the JORC classification and provide information for mine planning at the proposed Lord Byron open pit and Fish underground mines announced in the Jasper Hills Scoping Study.

Initial assays included:

LBRC24034
32 metres at 1.25 grams per tonne gold from 53m;

LBRC24007
24m at 1.53g/t gold from 53m;

LBRC24008
5m at 4.29g/t gold from 92m; and

LBRC24054
9m at 1.47g/t gold from 29m, and
7m at 3.36g/t gold from 129m.

“These assays represent the first results from the recently acquired Linden Gold exploration package at the Jasper Hills gold project,” Brightstar resources managing director Alex Rovira said.

“The results are highly encouraging and align with grades and widths we expected from the existing 244,000 ounce gold mineral resource.

“The increased confidence from this infill drilling will feed back into future resource estimates and ultimately help guide the near-term development of open pit mining operations at Lord Byron, as detailed in our recent scoping study, which outlined the highly profitable production of 2.2 million tonnes at 1.6 grams per tonne for 115,000 ounces of gold over three years.”

TO READ THE FULL BRIGHTSAR RESOURCES ANNOUNCEMENT: CLICK HERE

 

Delta Lithium (ASX: DLI) recently completed metallurgical testwork for the Baldock gold deposit at the company’s Mt Ida gold project in Western Australia.

Delta Lithium took receipt of the results just as it also received Mining Approval from DEMIRS for underground mining at Baldock, resulting in the Baldock Area now being fully permitted for open pit and underground mining activities.

The company had also completed an internal Scoping Study, the results of which provided the company with the impetus to approve an additional $5 to $6 million expenditure at Mt Ida.

This expenditure will be focussed on drilling the gold resources with the aim of growing the existing 752,000 ounces at 3.5g/t gold resource to over the magic one million ounce mark to genuine standalone scale.

Delta has commenced reviewing options for a standalone gold plant at Mt Ida.

“Receiving the underground mining approval means Delta now has all approvals in place to commence mining operations at Baldock, during a period of historically high Aussie dollar gold prices,” Delta Lithium managing director James Croser said.

“An internal Scoping Study has demonstrated that Mt Ida has real potential to be a highly profitable gold mine on the basis of the current MRE.

“Metallurgical composites have been tested from along the extent of the 3km strike at Baldock, across multiple of the largest lodes, and show Mt Ida’s gold can be extracted easily utilising a standard CIL adsorption process.

“These important answers have given the company confidence to approve targeted gold drilling at Mt Ida.

“The aim is to grow the existing resources to beyond +1Moz and create the best opportunity for genuine standalone scale.

“The mobilisation of the diamond rig targeting deeper high-grade zones will occur in the coming weeks, to join the existing RC program.”

TO READ THE FULL DELTA LITHIUM ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Granted High-Grade Joy Helen Copper-Lead-Silver Prospect

/in , /by

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) expanded its tenement portfolio following granting of Exploration Licence E08/3676 over the high-grade copper, lead, and silver occurrence at the Joy Helen prospect, in the Gascoyne region of Western Australia.

Miramar Resources completed an earlier reconnaissance fieldtrip to the Joy Helen prospect before the tenement was granted, after which it released high-grade results from rock chip samples, including:

• 5.49 per cent copper, 42 per cent lead and 73.48 grams per tonne silver; and
• 5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

Combined with historic sampling, the high-grade copper, lead and silver mineralisation at Joy Helen has been seen over approximately 700m of strike, including approximately 400m outside of the Barlee Nature Reserve.

Miramar Resources is of the opinion the Chain Pool project could also be prospective for multiple other styles of mineralisation alongside the copper, lead and silver seen at Joy Helen.

“The western half of the project is dominated by a Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN REE deposits, and there are several later dolerite dykes cross-cutting the project which are the same unit that hosts the Mangaroon nickel-copper-PGE prospect further south,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We are looking forward to getting out on the ground and systematically exploring the project.”

Elsewhere in its Gascoyne portfolio, Miramar is completing the maiden drilling program at the Mount Vernon and Trouble Bore projects, part of the company’s 100 per cent-owned Bangemall nickel-copper-cobalt-PGE project.

The company recently completed further Induced Polarisation (IP) surveying over the 8-Mile target within the Gidji JV project, located 15 kilometres north of Kalgoorlie.

The aim of the survey is to refine a potential northern offset to Northern Star Resources’ 313,000-ounce 8 Mile Dam deposit immediately south of the Gidji JV project boundary.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

MTM Critical Metals Recovers Gallium from Semiconductor Waste

/in , /by

THE BOURSE WHISPERER: MTM Critical Metals (ASX: MTM) is making advancements in the recovery of gallium from semiconductor and LED scrap via Flash Joule Heating (FJH) technology.

MTM Critical Metals had testing carried out by researchers at Rice University in the USA, resulting in a lab-scale breakthrough in resolving the critical supply chain challenges surrounding gallium — a metal that is indispensable to high-tech and defence industries.

China controls around 98 per cent of the world’s gallium supply and recently imposed export restrictions adding to supply disruptions due to escalating geopolitical tensions.

These issues have combined to cause prices to soar dramatically.

MTM considers its successful demonstration of recovery of this metal is a strategic development that offers a potential solution to the escalating supply crisis affecting the USA and its allies.

High-purity gallium was recovered by Rice University from industrial semiconductor scrap using the FJH-chlorination process.

The results have provided the impetus for MTM to proceed with prototype testing in a FJH reactor in Houston, Texas, moving closer to commercial-scale operations.

“The breakthrough in gallium recovery from e-scrap using Flash Joule Heating technology marks a pivotal advancement, with similar potential for germanium,” MTM Critical Metals CEO Michael Walshe said in the company’s ASX announcement.

“Amid limited Western gallium supply options, escalating geopolitical tensions, and recent price surges, our ability to extract this strategic metal from waste streams offers both significant commercial promise and a strategic solution for the U.S. and its allies.

“We eagerly anticipate the upcoming bench-scale tests and are optimistic about our potential to transform the gallium supply chain.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Warriedar Resources Claims High-Grade Antimony Discovery

/in , /by

THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) has added antimony to its exploration aspirations on the back of recent assay results received from the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources reported intersections of high-grade antimony from multiple holes below the Golden Range Ardmore pit, including:

RDRC067 above the main zone of high-grade gold mineralisation:

12.7 metres at 4.98 per cent antimony and 0.36 grams per tonne gold (10.92g/t AuEq) from 229.2m, including 1.85m at 28.5 per cent antimony and 0.45g/t gold (60.94 g/t AuEq) from 238.25m.

A wide zone of antimony mineralisation was encountered in hole RDRC001:

34m at 1 per cent antimony and 0.59g/t gold (2.72 g/t AuEq) from 158.8m.

Warriedar declared the newly identified and high-grade antimony zone, along with the broader antimony potential at Ricciardo, demands prompt follow-up and evaluation.

“The results for these holes successfully demonstrate further extensional high-grade gold, and for the first time very high-grade antimony zones below the Ardmore pit area,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“Given the relative absence of assaying for antimony in historical drilling at Golden Range, we are cautiously optimistic on the potential that might exist here.

“Moreover, the apparent zonation in RDRC067 is also highly encouraging for any future antimony development potential.

“I want to emphasise however that pursuit of this opportunity will be in parallel with our growth-focussed gold drilling at Golden Range, which remains our current core focus.”

The Ricciardo gold system spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth.

Ricciardo possesses a current MRE of 8.7 million tonnes at 1.7 grams per tonne gold for 476,000 ounces gold.

Historical mining operations at Ricciardo were primarily focused on oxide material, with the transition and primary sulphides mineralisation not systematically explored.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Antipa Minerals Increases Calibre Gold Resource to 2.5Moz

/in , /by

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported an increase to the Mineral Resources Estimate (MRE) on the Citadel Joint Venture Project, which is 68 per cent-owned by the company’s JV partner Rio Tinto Exploration with Antipa holding 32 per cent.

Antipa Minerals announced a 19 per cent increase to the Inferred MRE at the Calibre deposit within the project to:

• 2.5 million ounces of gold, 115,000 tonnes of copper and 1.6 million ounces of silver contained within 111 million tonnes at 0.71 grams per tonne gold and 0.1 per cent copper and 0.44g/t silver

• 3.1 million gold-equivalent ounces at 0.86 g/t gold-equivalent1

The Calibre deposit is located 45km east of Rio Tinto’s Winu copper-gold-silver resource and Ngapakarra gold-copper deposit.

“This update reaffirms that Calibre, which was discovered by Antipa, is a very large-scale gold-copper-silver mineral system with significant growth potential located in the rapidly advancing tier-one Paterson Province,” Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“The scale of the Calibre deposit in conjunction with its off-the-shelf metallurgical characteristics and shallow, predominantly free-digging, post-mineralisation cover, should suit a potential large scale open pit mining development scenario.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Identified New North Queensland Copper-Gold Drill Targets

/in , /by

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has been busy of late, identifying several high-quality copper-gold targets within the company’s 100 per cent-owned tenure that forms part of its Mount Isa project in north-west Queensland.

Hammer Metals is conducting soil sampling across multiple targets within these areas, concentrating on soil sampling and geological mapping at the Tourist Zone, Overlander North, Kalman East and South, as well as Mascotte North.

This work is generating new targets to test as part of the company’s next Mount Isa drilling program.

“An extensive soil sampling program at Tourist Zone and Kalman continues to generate high-quality drill targets,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The identification of a more significant gold and copper trend to the south of previous drilling is highly encouraging given that the historical drilling at the northern target generated copper intercepts of up to 37 metres at one per cent copper (TRC-019).

“These trends are highly anomalous and are supported by our geological reconnaissance which has identified mineralisation on surface.

“These prospects have never been drilled before and offer potential for further discoveries on our 100 per cent-owned Mount Isa tenure.

“Hammer has been systematically identifying untested trends and anomalies within our extensive tenement position for further investigation by soil sampling and geological reconnaissance.

“The exciting results emerging from Hammer’s initial work at Kalman and Tourist Zone are very pleasing and highlight the untapped potential of this project for further discoveries.”

Hammer has preparations underway for upcoming drilling with activities including refining drilling locations, environmental authorisations, heritage clearances and preparatory earthworks.

Drilling is expected to commence in late September 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Corazon Mining Commences Mt Gilmore Copper-Gold Drilling at May Queen

/in , /by

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has started drilling at the May Queen copper-gold porphyry target within the company’s Mt Gilmore project in New South Wales.

Corazon Mining is to carry out an initial two-hole diamond core program testing the priority May Queen target that it identified by way of two phases of advanced alteration mineral chemistry studies earlier this year.

Corazon considers the May Queen prospect to hold mineral chemistry characteristics typical of giant porphyry copper-gold deposits supported by outcropping sulphide mineralisation, favourable hydrothermal alteration, a coincident high-copper-in-soil signature, and geophysical anomalism.

“May Queen is a particularly exciting target,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“The entire twenty-kilometre strike of the Mt Gilmore project displays many characteristics typical of large porphyry copper-gold systems.

“The identification of May Queen as a distinct high priority target, at this very early stage of exploration, provides a great opportunity for Corazon and will be a good initial test of the advanced mineral vectoring targeting methodologies provided by CODES and the University of Tasmania.”

The May Queen target is located approximately 6.5 kilometres northwest of Corazon’s most recent drilling at Mt Gilmore at the Gordonbrook Hill prospect, and 15 kilometres northwest of the project’s most advanced exploration prospect, the drill-defined Cobalt Ridge cobalt-copper-gold sulphide deposit.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

ACDC Metals Confirms Strandline Discovery at Watchem North Project

/in , /by

THE DRILL SERGEANT: ACDC Metals (ASX: ADC) confirm the discovery of new strandline mineralisation at the company’s Watchem North heavy mineral sand project in Victoria.

ACDC Metals reported assay results from a follow-up drilling program completed at the Watchem North heavy mineral sand project during May 2024, the results of which confirmed the discovery of a new 1.5 kilometres-long strandline at shallow depth of between 10 and 25 metres.

Results from the recent drilling program include:

24WN155
6 metres at 2.8 per cent heavy minerals (HM) from 15m, including 3m at 4.4 per cent HM from 15m;

24WN160
9m at 3.23 per cent HM from 10.5m, including 4.5m at 5.26 per cent HM from 13.5m; and

24WN162
28.5m at 1.06 per cent HM from 9m, including 1.5m at 7.94 per cent HM from 18m.

“Our 2024 drilling campaign keeps delivering new discoveries across our project portfolio, and these assays from our Watchem North project are no exception,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“Results confirm new strandline style mineralisation.

“This is an important development for the project which in a region (sic) that has seen prior mining by Iluka Resources.”

Elsewhere in its portfolio, ACDC Metals has engaged Snowden Optiro to complete a mineral resource estimate (MRE) update for the company’s Goschen Central project (EL5278).

The MRE update will incorporate aircore drilling that was completed in January 2024, with assays released to the market in March 2024.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE