Moho Resources Awarded Queensland Government Exploration Grant

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THE BOURSE WHISPERER: Moho Resources (ASX: MOH) has scored a grant of $112,000 to undertake a regional hydrogeochemical sampling program at the company’s Empress Springs project in Queensland.

Moho Resources was awarded the grant as part of the Collaborative Exploration Incentive (CEI) program by the Queensland Government, administered by the Department of Natural Resources, Mines and Energy (DNRME).

The company explained the CEI grant will fund a borehole hydro-geochemistry study in partnership with the CSIRO, while enabling Moho to sample and comprehensively analyse waters beneath the cover rocks from existing water bores spread throughout its eleven Empress Springs tenements.

Moho will also sample water in holes drilled in 2018 and 2019 that located evidence of four separate mineralising systems within the Empress Springs project.

“Moho looks forward to utilising the CEI funds in cooperation with CSIRO to advance our knowledge of mineralising systems at the highly prospective Empress Springs project,” Moho Resources managing director Shane Sadleir said in the company’s announcement to the Australian Securities Exchange.

Moho and the CSIRO will carry out the survey hoping to locate chemical signatures substantiating large mineralised systems hidden beneath the cover rock sequences to focus future exploration towards finding new mineralisation in the area.

The CSIRO will contribute its technology and considerable background data on water sampling and analyses in the region and provide the equipment, training and supervision for the sampling program.

The chemical analyses for a comprehensive suite of elements will be performed by or under the direction of the CSIRO and the resulting data will be assessed by Moho and the CSIRO using their computer machine learning technology.

The field and analytical program is expected to commence in March 2020 and be completed in May 2020.

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au

 

Ardea Resources Hits Shallow Mineralisation at Mulga Plum

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has maintained the drill result pace by reporting the intersection of shallow gold mineralisation at the company’s Mulga Plum project, northeast of Menzies in the Eastern Goldfields of Western Australia.

Ardea Resources completed first-pass drilling at Mulga Plum that has demonstrated shallow gold mineralisation appears to be associated with both flat-lying and subvertical structures throughout the historic mining area, hosted within mainly potassic altered granite.

Highlighted intercept results include:

AJAR0003
2 metres at 1.19 grams per tonne gold from 20m and 2m at 2.96g/t gold from 42m;

AJAR0006
2m at 1g/t gold from 18m;

AJAR0007
2m at 1.25g/t gold from 38m;

AJAR0009
2m at 8.84g/t gold from 14m; and

AJAR0011
6m at 1.22g/t gold from 10m.

“Ardea is in the enviable position of having a large and highly prospective nickel and gold tenement package in the Eastern Goldfields of Western Australia,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“The Kalgoorlie Nickel Project tenements have historically been explored for near surface nickel-cobalt mineralisation but have seen limited modern and systematic exploration for gold and this represents a prime opportunity to define new gold targets.

“Ardea will continue to test the prospectivity of its large Eastern Goldfields land holding for gold and nickel sulphides.”

 

Email: ardea@ardearesources.com.au

Web: www.ardearesources.com.au

 

THE DAILY ROADHOUSE

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De Grey Mining Extends Mineralisation at Hemi Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported encouraging signs from drilling underway at the recent Hemi discovery at the company’s Mallina gold project in Western Australia.

Ausgold in Heightened Drilling Mode at KGP

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling activity at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Pantoro Eyes Mineralised Extensions to Norseman Deposits

THE DRILL SERGEANT: Pantoro (ASX: PNR) reported latest drilling results from the Scotia, Daisy South and Gladstone-Everlasting deposits at the company’s Norseman gold project in Western Australia.

Ardea Resources Defines Shallow, High-Grade Gold at Big Four Gold

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie in Western Australia.

Black Cat Syndicate Relies More on Strategy Than Luck

THE CONFERENCE CALLER: All of the planets seem to be lining up for Black Cat Syndicate (ASX: BC8) as it prepares to make the transition from explorer to miner in one of Western Australia’s most overlooked gold districts. By Mark Fraser 

 

Ardea Resources Defines Shallow, High-Grade Gold at Big Four Gold

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie in Western Australia.

The Big Four gold mine is located within the footprint of the company’s Goongarrie nickel-cobalt project (GNCP).

Ardea stressed that each of the 11 drill holes completed contained gold intercepts, including:

ABFR0270
18 metres at 3.38 grams per tonne gold from 18m, including 6m at 6.03g/t gold from 20m;

ABFR0272
14m at 2.4g/t gold from 6m, including 4m at 5.73g/t gold from 6m;

ABFR0274
20m at 2.91g/t gold from 76m, including 2m at 13.6g/t gold from 76m and 2m at 5.29g/t gold from 82m and 2m at 5.01g/t gold from 92m.

“Ardea is highly encouraged by these first-pass drill results from Big Four,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“The fact that all planned holes intersected significant gold mineralisation confirms the geological model.

“Mineralisation is still open at depth and a possible fault off-set structural repetition has been modelled along strike to the north and will now be tested to define the extent of this mineralised system.

“Ardea will continue to test the prospectivity of its large Eastern Goldfields land holding for gold and nickel sulphides, in parallel to de-risking the nickel-cobalt resources within the broader Kalgoorlie nickel project.”

Ardea believes systematic gold exploration across the GNCP represents another opportunity to enhance overall project economics.

Presently, strong, coherent, and extensive gold anomalism is associated with surface lateritic nickel-cobalt mineralisation that the company considers could be indicative of underlying primary bedrock orogenic gold mineralisation.

 

Email: ardea@ardearesources.com.au

Web: www.ardearesources.com.au

 

Pantoro Eyes Mineralised Extensions to Norseman Deposits

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THE DRILL SERGEANT: Pantoro (ASX: PNR) reported latest drilling results from the Scotia, Daisy South and Gladstone-Everlasting deposits at the company’s Norseman gold project in Western Australia.

Pantoro has been RC and diamond drilling at Norseman since August 2019 with approximately 23,000 metres completed to date.

The company expects the programs to be substantially completed during the March quarter 2020 in advance of Mineral Resource estimates and Ore Reserve calculation.

The current Mineral Resource at Norseman is 4.4 million ounces of gold (PNR interest 50%).

Many of the Mineral Resources defined to date remain open along strike and at depth, and many of the Mineral Resources have only been tested to shallow depths.

The recent drilling has returned intersections, which the company considers to confirm thick high-grade mineralisation outside of existing Mineral Resources at Scotia, Gladstone-Everlasting and Daisy South.

The existing open pits at Gladstone and Scotia were historically mined at average grades of greater than four grams per tonne gold.

Pantoro sees these representing large volume, high-grade surface mining opportunities with outstanding metrics relative to many of its peers within the Australian resource sector.

Scotia
5 metres at 15.91 grams per tonne gold;
8.7m at 9.89g/t gold;
2m at 10.62g/t gold; and
2m at 6.55g/t gold.

Daisy South
3m at 12.13g/t gold;
4m at 4.32g/t gold;
3m at 4.93g/t gold; and
1m at 40.7g/t gold.

Gladstone/Everlasting
7m at 8.67g/t gold;
3m at 4.57g/t gold; and
7m at 3.08g/t gold.

The result of 5m at 15.91g/t at Scotia is located approximately 250m west of the current Mineral Resource, which Pantoro believes may represent the discovery of a new high-grade parallel lode system, not previously identified by shallow sterilisation drilling.

The company has additional drilling to further define the structure.

The new results from the Everlasting deposit have been interpreted to indicate a southern extension to mineralisation which has not been previously tested.

Southern extensions to the Everlasting deposit remain open to the south.

The company considers the Daisy South results indicate an extension to the lode system further North toward the previously mined Daisy pit as these new results are within an interpreted structural step north of the main Daisy south orebody where drilling recently identified a large dilation.

“The initial drill out of these first targets is nearing completion and work relating to Mineral Resource estimation and conversion to Ore Reserves is expected to commence during the current quarter,” Pantoro said in its ASX announcement.

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

Ausgold in Heightened Drilling Mode at KGP

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THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling activity at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Ausgold recently conducted a program of regional exploration aircore drilling on the Burong prospect the included 156 holes for 4,366 metres on wide-spaced centres (40m x 80m and 60m x 160m).

The main focus of this drilling was at Burong, which is located seven kilometres from the Central Zone Resource area at the KGP.

The AC drilling at Burong identified a new mineralised trend with a coherent gold anomaly extending over a 1.2km strike length.

The company explained this gold anomaly is closely associated with sulphidic mafic and ultramafic granulites, which have previously been interpreted to host gold mineralisation at the KGP deposit.

This new mineralised trend remains open along strike and is parallel to a major regional fault which extends eastward towards the Datatine Resource.

Other recent work undertaken by Ausgold includes a 4,000m RC drill program that is currently underway, having already drilled approximately 1,400m within the Central Zone targeting high-grade gold mineralisation using the results of a recently completed Downhole Electromagnetic (DHEM) survey.

Ausgold has further drilling planned for Jinkas South, Jinkas and Jinkas North, enabling direct targeting of sulphide rich high-grade gold mineralisation, where it recently encountered strong intercepts.

The company intends following up the recent AC drilling with RC and diamond drilling at Burong and Nanicup Bridge, which will be co-funded up to $150,000 by the Western Australian Exploration Incentive Scheme (EIS).

“Ausgold’s exploration drilling at its 100 per cent-owned Katanning Gold Project continues its two-pronged approach, which includes both near regional exploration at the Burong prospect and RC drilling targeting high-grade gold mineralisation within the Jinkas South area,” Ausgold managing director Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“Recent AC drilling at Burong has intersected a large zone of gold mineralisation associated with a package of highly prospective mafic-ultramafic host rocks.

“Drilling has intersected mineralisation over a strike length 1.2 kilometres, which is open for a further 10 kilometres, extending eastward towards the Datatine Resource area.

“This newly identified mineralisation area has potential to expand the KGP’s current Mineral Resource.

“Further near Resource exploration is also underway with a DHEM program being completed and RC drilling commenced within the Central Zone.

“The new EM anomalies provide clear targets which in the past have corresponded to high-grade zones of gold mineralisation.”

 

Email: info@ausgoldlimited.com

Web: www.ausgoldlimited.com

 

De Grey Mining Extends Mineralisation at Hemi Gold Discovery

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported encouraging signs from drilling underway at the recent Hemi discovery at the company’s Mallina gold project in Western Australia.

De Grey Mining has observed sulphide rich alteration over large widths and depths from initial RC holes drilled on Section B at the Hemi prospect.

A further RC drill hole, completed on Section A, intersected intense sulphide mineralisation at depth beneath the 30 metres wide high-grade gold zone.

On Section B, two RC holes (HERC001 and HERC002) and a third RC precollar (HEDD001) have tested below and to the south of previously announced shallow aircore drilling results of 24 metres at 4.2 grams per tonne gold, 15m at 2.5g/t gold and 21m at 2.5g/t gold.

The company has now observed extensive sulphide mineralisation immediately below the known gold mineralisation and in new parallel sulphide zones to the south on the section, which it considers to increase the potential for mineralisation to over 160m wide to 120m below surface with sulphide zones and potential remaining open in all directions.

On Section A, a maiden RC hole drilled targeted a 50m vertical depth extension to previously reported shallow high-grade gold mineralisation of 36m at 4g/t gold, 49m at 3.7g/t gold, 44m at 5.1g/t gold, 46m at 6.6g/t gold and 24m at 7.5g/t gold.

This recent hole intersected fresh and intense sulphide mineralisation from 192m (downhole) to 204m where the drilling rods became bogged and drilling had to cease.

De Grey is now planning a diamond core extension to complete this hole.

“The significant sulphide zones beneath the high-grade gold zones on Sections A and B are very encouraging,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“The large sulphide zones on Section B have the potential to significantly increase Hemi’s scale.

“The genetic link between Sections A and B as intrusion hosted is exciting and increases the potential at Hemi.

“This is supported by the aircore drilling results to date that highlight every hole above the interpreted intrusions are anomalous in gold.

“The aircore and RC programs are continuing, and a diamond rig is expected on site later this week.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

EXPLORING AT EXPLORERS WITH THE RESOURCES ROADHOUSE

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THE CONFERENCE CALLER: There were plenty of people to talk to who all had lots to talk about when The Resources Roadhouse cameras roamed the perimeter of the RIU Explorers Conference in Fremantle.

 

 

Saturn Metals Extends Mineralisation at Tefnut, South Lake and Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported results from reverse circulation (RC) drilling focussing on southerly extensions to the Apollo Hill system on the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals conducted the drilling on covered terrain to the south of Apollo Hill around the Tefnut target.

The company completed an initial phase of step out exploration to expand the Apollo Hill mineralised corridor and provide further leads to grow and improve the project’s 781,000-ounce Mineral Resource.

Highlights include:

AHRC0326
12 metres at 2.24 grams per tonne gold from 224m, including 5m at 4.46g/t gold from 230m (Apollo Hill Main Lode); and

7m at 1.2g/t gold from 25m – (Apollo Hill Hanging-walls);

AHRC0321
3m at 1.24g/t gold from 56m and 2m at 4.97g/t gold from 105m – (Tefnut); and

AHRC0328
4m at 2.86g/t gold from 255m.

The company considers the intersections from Tefnut important, believing they have highlighted the potential to develop more Ra style mineralisation at this prospect which sits approximately 1km south of Apollo Hill.

Step-out drilling at South Lake, 300m east of Tefnut on an adjacent section, returned further gold intersections and mineral alteration beneath a thin (1-5m) cover sequence.

A shallow intersection of 1m at 1.59g/t gold from 56m in AHRC0313 highlighted the continuation of the mineralised corridor to the east.

“Positive results from this kind of exploratory drilling are important for the future growth of the Apollo Hill camp,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The system is still wide open for additional discovery and our drill programs continue with further work planned in these areas.

“In the meantime, we are looking forward to the ongoing results flow from drilling around the high-grade Apollo hanging-wall zone with assays pending for another five holes.

‘Drilling is continuing at this important zone with two rigs on site.

“We are keeping the drill bits turning and look forward to including the ongoing results flow into our next resource update currently scheduled for mid-2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Stavely Minerals Hits Further High-Grades at Thursday’s Gossan

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported new assay results from ongoing diamond drilling at the shallow high-grade copper-gold discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely Minerals recently named this shallow copper-gold discovery on the Ultramafic Contact Fault the Cayley Lode, after Geological Survey of Victoria senior geologist Ross Cayley.

“We have renamed the mineralisation on the Ultramafic Contact Fault as the ‘Cayley Lode’ in recognition of the attributes that Geological Survey of Victoria Senior Geologist Ross Cayley personifies – a passion for geology, dogged persistence, and technical excellence,” Stavley Minerals executive chairman Chris Cairns said in the company’s announcement to the Australian Securities Exchange.

“It was Ross and his colleagues, including David Taylor, who played leading roles in a collaborative effort between the Geological Survey of Victoria and Geoscience Australia that produced some ground-breaking interpretive work on the Stavely Arc and the evolution of eastern Australia.”

Stavely currently has an intensive resource drill-out underway on this approx. one-kilometre-long discovery zone.

Diamond drill hole SMD064, located some 20 metres to the north-west of discovery drill hole SMD050 returned a high-grade intercept of:

8 metres at 5.12 per cent copper, 1.48 grams per tonne gold and 34.3g/t silver from 121m down-hole, including 1m at 26.8 per cent copper, 8.48g/t gold and 201g/t silver.

SMD064 is the only hole completed to date on this section, which Stavely has interpreted to have intercepted a north-plunging high-grade shoot with the intercept being of similar grade and tenor to that intercepted by the discovery hole.

Diamond drill hole SMD070, located around 200m south-east of the discovery hole SMD050, also returned a shallow intercept within a broader zone of 75m at 0.6 per cent copper, 0.19g/t gold and 5g/t silver from 20m drill depth of 19m at 1.48 per cent copper, 0.4g/t gold and 15g/t silver from 65m down-hole, including 1m at 9.23 per cent copper, 2.67g/t gold and 125g/t silver.

Drill hole SMD074 was drilled approx. 40m behind SMD070, intercepting an approximately 60m interval of massive to semi-massive sulphide including variable abundances of copper sulphides.

“Ongoing drilling along the newly-named Cayley Lode continues to deliver strong copper-gold-silver mineralisation over significant widths, including a number of narrower high-grade intervals at shallow depths in SMD064 and SMD070, located respectively to the north-west and south-east along strike from the discovery hole,” Cairns explained.

“As we’ve noted previously, widths and grades will vary as the Cayley Lode pinches and swells, but the consistency of the mineralisation is notable – particularly as we have now intersected mineralisation in drill hole SMD073, approximately one kilometre to the north-west from our southern-most mineralised intercept.

“The presence of more zinc-rich mineralisation in this hole is consistent with our Butte / Magma-style mineralisation model, which predicts that we will encounter zinc-rich mineralisation out in the distal / cooler portions of the mineral system.

“SMD073 is a very significant drill hole as it demonstrates that the system is behaving as it should, that mineralisation does indeed continue below the Low-Angle Structure, and that the strike extent of the mineralised system is now in-excess of one kilometre and open to the south-east and down-dip.

“Meanwhile, drill hole SMD074, some 200 metres south-east of the discovery hole, appears to have intercepted the broadest interval of massive to semi-massive sulphides on the Cayley Lode to date.

“While the mineralisation will continue to exhibit significant variation in both width and grade, we are confident that it will yield many more impressive thick intercepts such as this as drilling progresses on the Cayley Lode and other known mineralised structures in the Copper-Lode Splay and the North-South Structure.

“There is plenty of drilling ahead of us to define the extents of this very significant lode-hosted copper-gold-silver system, with our immediate focus now on an intensive resource drill-out with four rigs operating within the main mineralised zone.”

 

Email: info@stavely.com.au

Web: www.stavely.com.au