Ardea Resources Set to Drill at Mulga Plum Gold Deposit

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported that rock chip sampling of old workings spoil and sporadic outcrop at the company’s Mulga Plum gold prospect in Western Australia has confirmed gold mineralisation over an area of at least 200 square metres.

Ardea Resources identified the mineralisation as mostly vein-hosted, up to 17.1 grams per tonne gold in selective quartz lode material.

The company said from all the rock types assessed it achieved an average grade of 1.8g/t gold for all samples taken, which it interpreted to suggest bulk tonnage potential from what is a dominantly granite host.

Ardea explained it is evaluating Mulga Plum as a bulk-tonnage gold system as part of its broader aim to prove up and mine gold from its suite of projects near the Goongarrie nickel cobalt project (GNCP) in WA.

“The results confirm historic grab sample results in government archives recording similarly high-grades in quartz veining within the granite and bimodal volcanic sequence at Mulga Plum,” Ardea Resources said in its ASX announcement.

The company indicated it would now proceed with first pass drill evaluation of the project covering both Mulga Plum and Plum Pudding prospects comprising 26 angled RC holes for 1,420m of drilling.

“This initial program will provide adequate data to assess the bulk gold mineralisation potential at depth, to determine the controls on gold mineralisation and potential project scale,” the company said.

“Positive evaluation of the Mulga Plum project following this first round of drilling will prompt additional drilling in these inaccessible areas that will require some earth moving for rig access.

“A second phase of drilling will most likely also test lateral and depth extensions should mineralisation prove to be open in any direction.”

 

Email: ardea@ardearesources.com.au

Web: www.ardearesources.com.au

 

Pantoro Confirms High-Grade Mineralisation at Gladstone-Everlasting

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THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) released initial drilling results from the Gladstone-Everlasting deposit (Gladstone) at the company’s 50 per cent-owned Norseman gold project in Western Australia.

Pantoro has been drilling at the Gladstone deposit since September 2019 and has completed approximately 5,500 metres of the planed 8,000 metre RC and Diamond drilling program to date.

Drilling in and around the existing Mineral Resource has confirmed continuity of mineralisation with better intercepts to date including:

4 metres at 8.26 grams per tonne gold, including 2m at 14.23g/t gold;
2m at 11.42 g/t gold;
2m at 3.38 g/t gold;
1m at 6.06 g/t gold;
1m at 5.90 g/t gold;
1m at 20.3 g/t gold;
3m at 9.95 g/t gold;
3m at 6.95 g/t gold, including 1m at 11.17 g/t gold;
1.4m at 15.62 g/t gold; and
15m at 4.58 g/t gold, including 6m at 9.27 g/t gold.

“Drilling has progressed as expected at Norseman and these latest results from Gladstone-Everlasting again highlighting the high-quality near-term production opportunities already existing within the project,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“To date, we have released results from Princess Royal/Slippers, Daisy South and now Gladstone Everlasting.

“All areas tested to date have met or exceeded our expectations.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

Cassini Resources and OZ Minerals Expand WMP Tenure

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THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) announced an extension to exploration tenure at the West Musgrave Project (WMP), a Joint Venture with OZ Minerals Limited (ASX: OZL) in Western Australia.

Cassini Resources explained the JV partners are currently undertaking a Pre-feasibility Study (PFS) on the Nebo-Babel deposits in conjunction with a regional exploration program across the WMP.

The new tenement applications, held by Cassini subsidiary Crossbow Resources Pty Ltd, have been accepted into the West Musgrave Project JV, taking the total land position in the West Musgrave Province, once granted, to over 8,000 square kilometres.

Cassini will manage the exploration of the new tenements in conjunction with the regional exploration of the existing tenure.

The new tenements are considered prospective for magmatic nickel and copper sulphide mineralisation similar to the Nebo-Babel deposits currently under evaluation, as well as sediment-hosted (Zambian-style) copper sulphide mineralisation.

“This is an exciting development for the West Musgrave Project which demonstrates the Joint Venture’s long-term commitment to the province,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“This is one of the last frontiers for greenfield exploration in Australia and some of the areas targeted have never had a single soil sample taken, let alone a drill hole.

“It is a fantastic opportunity for us to leverage our capabilities and knowledge in this under-explored region, where we will potentially have a significant mining operation.

“We are working through the granting process and look forward to getting on the ground in due course.”

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Carawine Resources Drilling at Victorian Gold-Copper Project Deposit

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has commenced diamond drilling at the company’s 100 per cent-owned Jamieson project in northeast Victoria that hosts the Hill 800 and Rhyolite Creek prospects.

Carawine Resources indicated the drilling program will initially target down-dip extensions of gold and copper mineralisation at Hill 800 approximately 80 metres and 160 metres below the current limit of drilling, before targeting nearby magnetic anomalies for potential porphyry systems beneath and adjacent to Hill 800.

First assay results are expected early in Q1 2020.

“In the time since we last drilled a hole at Hill 800, we have established an exciting new link between mineralisation at Hill 800 and the potential for large gold-copper porphyry systems at the Jamieson project,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Excahnge.

“We’ve also completed a share placement raising $3 million and finalised two joint ventures with Rio Tinto Exploration Pty Limited and FMG Resources Pty Ltd over our Paterson project tenements in Western Australia.

“We are well funded and in a terrific position to commence a busy exploration program at the Jamieson project.”

The initial phase of diamond drilling at Hill 800 is planned to comprise five to six holes, targeting down-dip of known mineralisation.

A second phase of diamond drilling program to target nearby, deeper porphyry targets will follow that the company expects to commence during Q1 2020.

The design of this program is in progress, with the results of a recently completed detailed geophysical survey to be used to define and prioritise drill targets.

The company is waiting on results of a recent helicopter-borne magnetic survey over the Jamieson project that was four times more detailed than the regional magnetic survey.

Carawine expects it will enable defining of targets with sufficient accuracy to allow direct drill testing for the Q1 2020 program.

Carawine said the Mineral Resource estimate for Hill 800 is progressing with its independent resource consultants informing the company it can be expected to be finalised after completion of the current drilling program so that the results from the program can be incorporated into the estimate.

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Calidus Resources Drilling Underpins Open Pit Resource Upgrade

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the final batch of RC drilling results from inside the planned Klondyke pit at the company’s 1.25 million-ounce Warrawoona gold project in Western Australia.

Calidus Resources claimed the latest results have provided additional support of the strong grade continuity of gold mineralisation along-strike and down-dip of the planned Klondyke pit.

RC drilling inside the planned Klondyke pit has been designed to upgrade the Resource from Indicated to Measured status and will form part of the Definitive Feasibility Study (DFS) that is currently underway.

The recent activity returned more encouraging intersections, including:

19KLRC288
15 metres at 3.7 grams per tonne gold from 30m;

19KLRC284
12m at 3.93g/t gold from 19m;

19KLRC306
11m at 3.41g/t gold from surface; and

19KLRC283
12m at 3.05g/t gold from 43m.

“With all results now received for the upgrade to a Measured Resource, we have ticked another box in the de-risking and advancement of the Warrawoona gold project,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“We will now commence a review of the open pit resource model, including further optimisation.

“This will form the basis of the open pit resource upgrade targeting the March quarter of next year.

“In addition, we have received results of drilling to the east of the proposed Klondyke pit, where we have intersected some high priority areas for follow up infill drilling.”

Calidus completed an infill RC drill program to the east of the planned Klondyke pit that also returned healthy intersections, including:

19KLRC523
14m at 3.38 grams per tonne gold from 67m;

19KLRC500
5m at 6.69g/t gold from 62m; and

19KLRC522
13m at 2.18g/t gold from 31m.

Calidus has now completed all drilling it had programmed for this year’s field season with a diamond rig having completed metallurgical and geotechnical holes for the DFS.

A geophysical drillhole density logging program is underway and due for completion early December.

The company has the acquisition of detailed airborne magnetic, radiometric and digital terrain data across the tenement package is proposed for completion by mid-December.

It will now commence updating of the open pit geological model now drilling is completed.

 

Email: info@calidus.com.au

Web: www.calidus.com.au

 

Pioneer Resources Estimates Initial Inferred Mineral Resource for Cade Spodumene Deposit

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) declared it has completed sufficient exploration to estimate an initial Inferred Mineral Resource for the Cade spodumene deposit within the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Pioneer Resources said it has also carried out enough work to estimate an Exploration Target for the project’s greater Dome North Area.

The company explained the estimation of a maiden 2012 JORC-compliant Mineral Resource for the project utilised all the recent drilling the company has completed and was carried out by an independent resource consultancy, resulting in an Inferred Mineral Resource of:

8.2 million tonnes at 1.23 per cent lithium oxide (Li2O) for 102,000 tonnes of contained Li2O.

The Resource contains a low tantalum grade at 50ppm in the samples assayed to date, however, the company is confident metallurgical testwork will ultimately determine any potential economic value to be gleaned from the tantalum as a possible by-product.

“The first Mineral Resource statement for the Cade deposit, discovered as an outcrop just a few months ago in June, is a significant step-forward,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This Resource Statement relates to only one of four mineralised pegmatites identified at the Dome North Area to date, and we look forward to presenting updates to the Mineral Resource base as our exploration and definition drilling continues.”

Pioneer has not commenced metallurgical test work yet, however six diamond core holes have recently been drilled into the Cade Deposit specifically to provide samples for this work.

The Cade Deposit is one of four spodumene-bearing pegmatites discovered by Pioneer’s geological team in the Pioneer Dome North Area.

Other occurrences include:

The Heller prospect (previously Spodumene Target 1) where down-hole pegmatite intersections of between 8m and 15m have been intersected over a strike length of 460m by 10 holes to date. Spodumene has been observed in all holes by Pioneer’s geologists, where fresh pegmatite has been intersected. The mineralisation remains ‘down plunge’;

Spodumene Target 3, which has been tested by two holes to date that intersected a pegmatite 26m to 28m thick. Pioneer’s geologists have visually identified spodumene crystals in pegmatite in this drill hole; and

A new 20m thick pegmatite target located 400m south of the Cade deposit, tested to date by three holes.

The company has also identified several other geochemical targets.

The company has a conceptual Exploration Target for the Dome North Area of between 17 to 27 million tonnes of spodumene-bearing pegmatite at a grade between 1 and 1.4 per cent Li2O, in addition to the Cade deposit.

 

Web: www.pioresources.com.au

THE DAILY ROADHOUSE

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Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

Meteoric Resources Raises $7M to Accelerate Brazilian Exploration

THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) has received firm commitments to raise $7 million by way of the placement of 140 million new shares to sophisticated and professional investors at five cents per share.

Gateway Mining Expands Gidgee Gold Project Drilling Program

THE DRILL SERGEANT: Gateway Mining (ASX: GML) is progressing with an ongoing Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

St George Hits More Mt Alexander Nickel-Copper Sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

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THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

The Citadel project enjoyed a budget of $3.4 million that was fully-funded by Rio Tinto, allocated to the 2019 calendar year exploration program.

This has now been completed and included 6,842 metres of reverse circulation (RC) and diamond‐core (DD) drill testing of both brownfield and greenfield targets that included Calibre resource extension targets and aerial‐electromagnetic (AEM) conductivity anomalies and magnetic anomalies.

Antipa Minerals reported that the diamond drilling at the Calibre deposit intersected healthy widths of gold‐copper‐ silver mineralisation well beyond the limits of the existing 47.7 million tonnes at 0.85 grams per tonne gold gold, 0.15 per cent copper and 0.48g/t silver for 1.3 million ounces of gold, 69,555 tonnes of copper and 0.73 million ounces of silver Mineral Resource located 45 kilometres east of Rio Tinto’s Winu copper‐gold‐silver deposit.

Aassay results for the first diamond drill hole (19CED0009) include:

163.9m at 0.6g/t gold and 0.04 per cent copper from 303.1m down hole, including 26m at 1.11g/t gold and 0.05 per cent copper from 429m and 0.47m at 14.45g/t gold, 0.64 per cent copper and 4.69g/t silver from 310m; and

19.8m at 0.62g/t gold and 0.07 per cent copper from 198.7m down hole.

“Antipa’s Paterson Province dual exploration strategy strives to deliver both greenfield discoveries and increase brownfield gold and/or copper resources during 2019,” Antipa Minerals said in its ASX announcement.

“The recently completed 2019 Calibre drilling program evaluated the potential for a material increase in the existing Mineral Resource.

“Assay results received for the first DD hole confirm significant gold‐copper mineralisation 200 metres beyond the limits of the current Mineral Resource.”

 

Web: www.antipaminerals.com.au

 

Meteoric Resources Raises $7M to Accelerate Brazilian Exploration

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THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) has received firm commitments to raise $7 million by way of the placement of 140 million new shares to sophisticated and professional investors at five cents per share.

Meteoric Resources advised the funds raised would enable acceleration of exploration activities at the company’s 100 per cent-owned Juruena and Novo Astro gold projects located in the Alta Floresta Gold Belt in that state of Mato Grosso, Brazil.

Meteoric currently has maiden drilling programs underway at both projects.

“The support we have received from both existing and new shareholders for Meteoric’s Brazilian portfolio of gold assets is a true testament to the sheer prospectivity that exists at both Novo Astro and Juruena,” Meteoric Resources managing director Dr Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“As a Board, we are delighted with how our initial exploration of both projects has progressed since acquisition in March of this year and this $7 million Placement, which follows the $2.7 million in August, puts us in good stead to accelerate exploration at both our key projects.

“Following on from the completion next month of the 26 hole, 4,500 metres initial drilling program at Juruena, it is our intention to evaluate our program and plan for the next season of drilling.

“It is anticipated that the new drilling will focus on expanding the known mineralisation at depth at Dona Maria and along strike at Tomate.

“Additionally, we will look at several other under drilled targets and the largely unexplored Arrasto Hills to the Northwest where the strongly altered volcanics demand further investigation.”

 

Web: www.meteoric.com.au

 

St George Hits More Mt Alexander Nickel-Copper Sulphides

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

St George Mining hit thick intersections of nickel-copper sulphides, including massive sulphide mineralisation, in two further drill holes – MAD173 and MAD174 – that were completed to test deeper electromagnetic (EM) conductors identified by downhole EM (DHEM) surveys in the recently completed deeper stratigraphic holes along the Cathedrals Belt.

MAD173 and MAD174 are large step-out holes that were located down-dip at the Investigators prospect.

St George declared that, together with MAD172, the two latest holes have confirmed an east-west strike of nickel-copper sulphide mineralisation at depth for more than 800m.

The down-plunge extent of high-grade mineralisation has increased to more than 300m with mineralisation open to the north-west and in the down-dip direction.

The company said the style of mineralisation that it has intersected is consistent with mineralisation that has been structurally remobilised from a larger and proximal source of high-grade nickel-copper sulphides.

“These drill results are further evidence of the large high-grade mineral system at the Cathedrals Belt, with significant down-plunge extensions established and mineralisation open in the down-dip direction,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“With only limited drilling at depth, we believe there is strong potential to significantly increase the scale of defined mineralisation, both along strike and at depth.”

St George indicated that a DHEM survey will be completed in MAD173 and in MAD174 to investigate for further mineralisation around the holes.

The company explained the current drilling is located within an area of strong SAMSON EM anomalism which has not yet been followed up by drilling, and has been interpreted as likely to be related to further nickel-copper sulphide mineralisation.

Follow-up drilling will be prioritised after review of the DHEM survey data.

MAD173 and MAD174 have been drilled in a section of the Investigators prospect where other recent deeper drill holes have been completed.

All holes have intersected sulphide mineralisation at depth, which St George believes could possibly add mineralisation to a potential resource at this prospect while indicating further exploration upside down-dip.

 

Web: www.stgm.com.au