Black Cat Syndicate Encounters High-Grade Diamond Drilling Intersections at Myhree

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) followed up its Fingals and Rowe’s Find acquisition by releasing drilling results from the company’s Bulong gold project near Kalgoorlie in Western Australia.

Black Cat Syndicate recently completed recent diamond drilling at the project’s Myhree deposit that intersected numerous zones of high-grade mineralisation.

Six holes were drilled into the lower parts of the Myhree system to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work.

Assay results include:

20MYDD002
6.45m at 9.43 grams per tonne gold from 228.51m

20MYDD003
1.99m at 8.3g/t gold from 242.43m
7.3m at 3.3g/t gold from 265.46m

20MYDD007
0.85m at 13.55g/t gold from 129.48m
3.05m at 5.72g/t gold from 134.11m
1.97m at 11.68g/t gold from 155.06m

20MYDD008
2.47m at 13.62g/t gold from 84.38m
2.14m at 21.03g/t gold from 95.06m
0.94m at 22.35g/t gold from 99.34m

20MYDD0010
2.38m at 4.55g/t gold from 144.10m
1.77m at 4.61g/t gold from 151.02m
4.66m at 6.58g/t gold from 191.69m

Black Cat declared the results from these holes demonstrate high-grades continue in predictable positions with all holes hitting multiple mineralised zones as anticipated.

The company has additional diamond holes underway to test deeper in the mineralised system.

“Myhree continues to deliver strong results, with high-grade intersections consistent with previous drilling as per our expectations,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The geotechnical results and positive gold assays will be fed into the Myhree mining study.

“The recent RC drilling at Bulong has also now been completed and assays are expected in mid-July 2020.

“Additional diamond holes are currently being drilled at Myhree with results due in late August 2020.

“RC drill planning on priority targets at Fingals is now underway and will be announced in July 2020.”

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Blackstone Minerals Extends Ban Chang Prospect

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has extended the strike of the Ban Chang prospect at the company’s Ta Khoa Nickel-Cu-PGE project in Vietnam.

Blackstone Minerals announced it has extended Ban Chang by more than one kilometre by way of step out reconnaissance style drilling intersecting high-grade mineralisation.

Drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulphide target zone defined by high-priority EM plates.

Drillhole BC20-03 followed up on previously encountered mineralisation, returning:

BC20-03
9.8 metres at 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt 0.7g/t PGE from 57.05m; and
5.7m at 2.07 per cent nickel, 1.08 per cent copper, 0.12 per cent cobalt and 0.95g/t PGE from 60m, including 1.85 at 3.59 per cent nickel, 1.18 per cent copper, 0.2 per cent cobalt and 1.97g/t PGE from 63.35m.

“Our latest assays confirmed a new zone of high-grade mineralisation which was previously untested,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have demonstrated strong potential for a bulk underground mining scenario at Ban Chang, which could be significantly larger scale than the previously mined Ban Phuc massive sulphide underground mine.

“At Ban Phuc, the previous owners successfully mined a narrow massive sulphide vein at much lower nickel prices than today.

“With bulk underground mining and the potential for significant PGE credits, we could be looking at a very economic mining scenario at Ban Chang.

“We have now drilled significant massive sulphide nickel mineralisation over one kilometre of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation.

“Ban Chang is the first of 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to a bulk open pit mining scenario at Ban Phuc.”

 

 

TO READ THE FULL ANNOUNCEMENT:   CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Breaker Resources Drills Discovery Potential Outside Bombora Resource

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported drilling results it claims to continue to highlight the growth potential at the company’s Lake Roe gold project east of Kalgoorlie in Western Australia.

Breaker Resources said the latest results it has achieved increase the potential in two large areas – the Carbineer and Kopai-Crescent prospects – located to the east and to the north of the one-million-ounce Bombora gold deposit.

The results from Carbineer come from three RC drill holes, which form part of a 14-hole program designed to assess the gold potential in a three kilometres-long corridor between the Claypan Shear Zone and the Swan Lake Syenite to the east of the Bombora deposit.

All three drill holes intersected gold mineralisation with assay results pending for a further 11 drill holes.

Preliminary results include:

BBRC1514
4 metres at 21.79 grams per tonne gold from 172m; and

BBRC1515
2m at 4.83g/t gold from 120m.

The results from Kopai-Crescent relate to a program of 28 RC drill holes targeting a potential link between the Kopai and Crescent prospects 3km north of Bombora.

Preliminary results include:

BBRC1508
4m at 2.34g/t gold from 61m; and

BBRC1505
4m at 1.94g/t gold from 32m.

Results are pending for a further seven RC drill holes and two diamond drill holes.

The results follow drilling below the Bombora deposit which recently extended the strike length of known high-grade gold lodes below the open pit Resource by 600m to 2,000m.

“These two emerging discoveries have the potential to materially expand our shallow gold inventory and complement our success extending the Bombora gold deposit at depth,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“We are still gauging the extent of the mineralisation footprint in each area on very wide reconnaissance drill hole spacings.

“So to hit high-grade gold at the Carbineer prospect on the first two single-hole sections, 100 metres apart, is both exciting and unusual.

“Further drilling is planned to restart in two weeks.

“In the Kopai-Crescent area we are seeing significant gold up to two yo four grams per tonne over a very large area.

“I think that the high-grade intersections will come once we finish scoping the areal extent of the mineralisation and then zero in on the structures controlling the gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: breaker@breakerreources.com.au

 

Web: www.breakerresources.com.au

 

Black Cat Syndicate Completes Fingals and Rowe’s Find Acquisition

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THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) announced completion of the acquisition of a 100 per cent interest in the Fingals and Rowe’s Find gold projects, located outside of Kalgoorlie in Western Australia.

Black Cat Syndicate has purchased the projects from Silver Lake Resources (ASX: SLR) for $50,000 in cash and the issue of approx. 8.4 million fully paid ordinary shares in Black Cat, making Silver Lake a substantial shareholder in Black Cat.

Fingals and Rowe’s Find have increased Black Cat’s total JORC Mineral Resources by 145 per cent, however because a substantial portion of these are JORC 2004-compliant, the company needs to convert them to JORC 2012-compliancy before publishing.

“We are extremely pleased to have completed this transformational acquisition and welcome Silver Lake as our largest shareholder,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“With the acquisition of Fingals and Rowe’s Find completed, we will now focus on converting the JORC 2004 Resources to JORC 2012 Resources, updating the JORC 2012 Resources and identifying our immediate drilling priorities.

“We will commence releasing the results of this work later in July 2020.”

With the completion of this acquisition, Black Cat will control 281 square kilometres of prospective tenements to the east of Kalgoorlie.

The three main project areas include:

Bulong, which comprises some 140sqkm located 25 km east of Kalgoorlie, covering advanced projects undergoing mining studies along with early stage exploration opportunities;

Fingals comprises around 100sqkm located approx. 30km south east of Bulong and contains multiple Resources and extensive areas of historic mining and has seen only limited modern exploration; and

Rowe’s Find that comprises approx. 41sqkm located near 100km east of Bulong and hosts the JORC 2004 component of the Resources, as well as drill ready targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

VRX Silica to Divest Biranup Nickel-Gold Project

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THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has entered into a conditional agreement for the sale of its wholly-owned subsidiary company Ventnor Gold Pty Ltd, owner of the Biranup nickel and gold project in Western Australia.

VRX Silica reached the agreement with New Energy Metals Limited (NRG), an unlisted public company that is planning an Initial Public Offering (IPO) and subsequent ASX-listing later this year.

New Energy Metals is a nickel sulphide focused exploration company with exposure to the Albany Fraser Oregen and South West Yilgarn of WA with a proprietary nickel sulphide prospectivity database to generate further projects.

VRX Silica indicated that New Energy Metals will prioritise applications in the IPO from VRX Silica shareholders.

“We are delighted to have reached agreement with NRG on the terms for the sale of the Biranup project which will enable VRX Silica to share in any future exploration success,” VRX Silica managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“The Biranup project tenements have an extensive and comprehensive exploration data base that we have assembled and this will be a great starting point for NRG.

“This is an ideal outcome for VRX Silica and its shareholders as it will allow us to focus on the company’s stated aim of becoming a global supplier of high-quality silica sand.”

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@vrxsilica.com.au

 

Web: www.vrxsilica.com.au

 

 

Rox Resources Achieves High Gold Recoveries at Youanmi

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) completed preliminary metallurgical test work at the company’s Youanmi gold project Joint Venture with Venus Metals (ASX: VMC).

Rox Resources reported the testwork delivered high gold recoveries from the Youanmi gold project.

Because the Youanmi project is host to several styles of mineralisation and to ensure adequate representation from the different mineralisation styles, the JV collected 81 samples for metallurgical test work from 32 RC holes previously reported by Rox across the project area.

Intervals to be tested were selected to cover a range of gold grades, mineralisation styles and degree of weathering/oxidation and were then analysed by the LeachWELL Accelerated Cyanide Leach technique to determine the cyanide extractable gold via this industry-standard method and provide an indication of the potential recoveries in standard gold processing circuits (i.e. CIL).

The JV determined the results from the oxide, transitional and fresh zones at Grace to be encouraging with gold recoveries averaging 97 per cent, 94 per cent and 95 per cent respectively.

Rox considers these results indicate that gold mineralisation encountered in recent drilling at the Youanmi project in general, and especially at Grace, is amenable to conventional cyanide extraction methods.

“We are very pleased with these results, which are in line with our expectations,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“The main lode ore body at Youanmi that was mined historically was renowned as being refractory at depth.

“This first-pass metallurgical test work demonstrates that different primary mineralisation styles within the Youanmi project area such as the granite-hosted gold at Grace are clearly non-refractory, delivering excellent recoveries with conventional methods.”

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

 

Musgrave Minerals Claims New Gold Discovery at Cue

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) delivered a new gold discovery from results from drilling carried out at the company’s Cue gold project in Western Australia.

Musgrave Minerals reported assay results for a further twelve reverse circulation (RC) drill holes from the current program at the company’s new Starlight gold discovery at Break of Day.

Drilling has continued to confirm the Starlight discovery and has also identified a second high-grade lode 75 metres to the south and striking parallel to Starlight.

Assays received from recent RC drilling at Starlight include:

20MORC040
6 metres at 35.8 grams per tonne gold from 131m; and

20MORC048
5m at 7.2g/t gold from 230m.

The new lode; White Light, has been confirmed from RC drilling with new intercepts aligning with a number of historical isolated gold intersections over a strike extent of more than 100m.

RC drill intercepts from the new White Light lode include:

20MORC050
6m at 54.4g/t gold from 211m;

20MORC048
6m at 5.4g/t gold from 111m; and

20MORC004
9m at 5.1g/t gold from 21m.

Both lodes remain open to the south-east and down dip where drilling is continuing.

All recent intercepts at Starlight and White Light are outside the existing Break of Day resource.

The Starlight and White Light lodes at Break of Day are located on the company’s 100 per cent-owned ground.

Drilling at both lodes is continuing, with a focus on infilling and extending the high-grade gold mineralisation.

Drilling will also continue to test for new lodes within the Break of Day and Lena system.

“This is another positive result for the company as we build the high-grade gold resource base at Cue,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Drilling is continuing and we are confident we can extend the lodes and make new discoveries as our geological knowledge of the system grows.

“We have extended our RC drill program following the new White Light discovery as we build towards a resource update late in Q3 2020.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Centaurus Metals Declares Maiden Resources at Jaguar

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) released a maiden JORC 2012 Indicated and Inferred Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.

Centaurus Metals declared the 48 million tonnes at 1.08 per cent nickel for 517,500 tonnes of contained nickel MRE to be an important step towards becoming a globally competitive nickel sulphide producing company.

The maiden MRE includes a large higher-grade component of 20.6 million tonnes grading 1.56 per cent nickel for 321,400 tonnes of contained nickel, forming the cornerstone of the company’s strategy to establish a high-grade, high-margin nickel sulphide project.

“This is a phenomenal starting point confirming Jaguar’s status as a new globally-significant nickel sulphide project,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.

“With a maiden Resource containing more than 500,000 tonnes of nickel, this is already one of the largest near-surface undeveloped nickel sulphide projects in the world and, as a maiden JORC Resource number, we believe it is up there with some of the best initial JORC Resources ever published by an ASX-listed junior.

“Significantly, the Resource also includes a high-grade core grading 1.56 per cent nickel that contains more than 320,000 tonnes of nickel metal, providing an outstanding platform from which to commence scoping and development studies.

“Importantly, around 80 per cent of the nickel tonnes are less than 200 metres from surface, with strong potential to further expand the high-grade Resource through systematic extensional and step-out drilling of the known Jaguar and Onça Preta deposits, all of which remain open at depth.

“Our deepest hole to date extends to a depth of just 300 metres, which in a nickel sulphide context means we’ve only just scratched the surface.

“We also see significant regional potential, with additional drilling planned at the emerging Onça Rosa discovery and across numerous untested adjacent prospects.

“This highlights the potential to add more tonnes and grade to what is an already globally-significant nickel Resource.

“Our drill planning is being driven by DHEM and FLEM surveys, which have been extremely successful so far in targeting the semi-massive and massive sulphide zones.

“In-fill drilling is already in progress with a view to further lifting the proportion of higher-confidence Indicated Resources in the MRE.

“We will also now begin to step-out quite aggressively and test new areas to see how quickly we can add tonnes and potentially make new discoveries both along strike and at depth.

“This multipronged approach should ensure that we can continue to grow the resource as we advance this exceptional project towards development.

“We also expect to complete a Scoping Study and deliver a further Resource upgrade this year, providing shareholders with strong news flow over the coming months.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: office@centaurus.com.au

Web: www.centaurus.com.au

 

Auteco Minerals Releases Maiden Pickle Crow Resource

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) announced a maiden JORC 2012-compliant Inferred Resource for the company’s Pickle Crow gold project in Ontario, Canada.

Auteco Minerals declared the independently determined 830,000 ounces at 11.6 grams per tonne gold Resource estimate stems from a review of existing data at Pickle Crow, including previous non-JORC compliant resources.

“This maiden JORC Resource, which has been independently calculated, confirms Pickle Crow is a significant, high-grade deposit with immense growth potential,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s announcement to the Australian Securities Exchange.

“The Resource validates the geological model of our technical team, which in turn supports their view about the scope for further resource growth.

“We are now undertaking the first systematic exploration program at Pickle Crow for 50 years.

“Our confidence in the project has been strengthened by the visual results from the first few drill holes and as a result, we have added a second drill rig and increased the program from 5,000 metres to at least 10,000 metres.”

Auteco considers there to be a reasonable prospect of Pickle Crow eventually being mined, citing the depth, width and grade of the deposit and the proximity of the high-grade resources to existing underground infrastructure and surface infrastructure, including highways and commercial hydro power lines.

“This is just the beginning of work at Pickle Crow,” Shorrocks continued.

“Our active exploration has three goals, firstly near-term resources growth focused on adding geological confidence to already identified areas of mineralisation that can be brought into the resource inventory.

“Secondly, extensions to the current known resources which remain open in both along strike and down dip.

“Finally, new discovery through step out exploration, with numerous high priority targets identified outside the Core Trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

Web: www.autecominerals.com.au

 

Red 5 Moves KOTH Feasibility Closer to Completion

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) reported its Final Feasibility Study (FFS) for the proposed stand-alone integrated bulk open pit and underground mining and processing operation at the company’s King of the Hills (KOTH) gold project in Western Australia is on schedule for completion in the September 2020 Quarter.

Red 5 is currently reviewing the design and costings for the Process Plant and other on-site infrastructure.

Mine planning studies are continuing with the final KOTH open pit, satellite deposits, underground mine designs and mine schedules expected to be finalised early in the September 2020 Quarter.

An updated KOTH Ore Reserve to follow is anticipated to form part of the Final Feasibility Study.

“We continue to systematically progress towards completion of the FFS, with mining and engineering studies well advanced and project approvals on schedule,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“Strong progress is being made with planning for site early works and ordering of long-lead items, with the delivery of a recently-purchased accommodation village and offices expected to coincide with the planned commencement of site early works in the second half of CY2020.

“Over the coming weeks we expect to complete our review of the designs and costings for the Process Plant and other on-site infrastructure, and finalise the tailings storage management report, while also progressing heritage surveys over key infrastructure corridors.

“The successful completion of these workstreams will put us on track to deliver the FFS on schedule in the September 2020 Quarter, marking a major milestone towards the development of one of Australia’s most exciting new gold development projects.”

 

Email: info@red5limited.com

Web: www.red5limited.com