Gateway Mining Expands Gidgee Gold Project Drilling Program

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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.

Gateway Mining declared the drilling to date has produced an excellent outcome, being ahead of the original schedule.

The positive progress has encouraged the company to extend the program until the end of November, which will result in a total of 11,000 metres for 94 holes being drilled compared to the original 8,000m program.

Gateway indicated that on completion of the RC drilling, a planned air-core drilling program will commence that will continue through to the end of the exploration field season in mid-December.

“The aim of the RC drilling is to target immediate extensions to the Whistler and Montague gold deposits, as well as undertake first-pass drill testing of a series of high-priority targets along the granodiorite contact,” Gateway Mining explained in its ASX announcement.

“In addition to this, the air-core drilling is designed to commence systematic testing of large strike extensions of the prospective granodiorite contact that have never previously been tested.

“Initial samples from the program have been submitted to the laboratory for assay and results will be reported as they come to hand.”

 

Web: www.gatewaymining.com.au

 

THE DAILY ROADHOUSE

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Bellevue Gold Returns Further High-Grade Gold Hits

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) is beavering away at the company’s Bellevue gold project in Western Australia.

Alicanto Minerals Encounters High-Grades in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has enjoyed swift success from the maiden exploration program underway in Sweden. Alicanto Minerals announced drilling on the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) project within the Bergslagen Mining District of Sweden has returned high-grade results.

Matador Mining Hits High-Grade Gold Intercepts at Window Glass Hill

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) has encountered some high-grade gold hits during an ongoing exploration program at the company’s Cape Ray gold project in Newfoundland, Canada.

NTM Gold Highlights New Gold Trends

THE DRILL SERGEANT: NTM Gold (ASX: NTM) recently completed a 125-hole aircore program at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.

 

NTM Gold Highlights New Gold Trends

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THE DRILL SERGEANT: NTM Gold (ASX: NTM) recently completed a 125-hole aircore program at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.

NTM Gold said the drilling identified several new anomalous gold trends to the north and south of the Hub prospect, some of which have come in at over 800 metres long with a number of +0.5 grams per tonne intercepts in five metre composite samples.

NTM believes these may represent strike extensions of the current Hub mineralisation.

Gold anomalism associated with Hub can now be traced for over three kilometres.

Following a recent RC program at Hub, NTM has received the remaining 1m resamples that were taken from the initial 5m composite samples.

These have closely aligned to the initial composite samples, but given better definition on grade distribution.

Resamples of recent Hub RC 5m composites include:

3 metres at 9.8 grams per tonne gold within 7m at 5.6g/t gold from 175m;
6m at 2.4g/t gold within 14m at 1.6g/t gold from 120m; and
1m at 4.9g/t gold within 15m at 1.2g/t gold from 82m.

The company added that 1m samples from the holes at the very north and south of the prospect have confirmed the strike length of the mineralisation to be at least 1,130m, and still open to the north and south.

RC drilling has recommenced at Hub targeting northern, southern and depth extensions the company identified in its last RC program.

Drilling will also test grade continuity close to surface.

“The RC resamples have confirmed the grades and continuity of mineralisation at Hub and continue to highlight the mineralised systems potential,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.

“With a 1,130-metre strike and remaining open to the north, south and at depth, Hub continues to grow with each drill program.

“The recent aircore program continues this theme, delivering highly encouraging results which may represent further strike extensions to Hub.

“These new anomalies will be followed up in the new year after the current RC program is completed.”

 

Web: www.ntmgold.com.au

 

Matador Mining Hits High-Grade Gold Intercepts at Window Glass Hill

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THE DRILL SERGEANT: Matador Mining (ASX: MZZ) has encountered some high-grade gold hits during an ongoing exploration program at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining reported drilling results from Window Glass Hill within the Cape Ray project that has continued to deliver strong exploration results, including:

CRD091
29m at 1.9 grams per tonne gold, including 3m at 9.7g/t gold from 44m and 9m at 3g/t gold from 64m;

CRD087
21m at 1.3g/t gold, including 2m at 11.4g/t gold from 38m;

CRD086
13m at 1g/t gold, including 3.2m at 3.4g/t gold from 89m;

CRD090
3m at 3.4g/t gold from 47m; and

CRD089
5m at 1g/t gold from 47m.

Matador Mining said the drilling at Window Glass Hill has now stepped out more than 240m from the existing resource and results have confirmed the potential for this to be a large tonnage, low strip deposit.

According to the company, the drilling also confirmed mineralisation is trending in an up-dip trajectory from the existing resource with recent drilling encountering higher grade gold mineralisation than previously reported, which Matador thinks may indicate the potential for a high-grade section at the Window Glass Hill deposit.

Drilling at the southern extension of Central Zone at the PW deposit, intercepted mineralisation up-dip to the previously reported hole (CRD052), returning:

CRD088
5.8m at 2.1g/t gold from 57m.

“We are pleased with the continued drilling success at Window Glass Hill, as results give further encouragement that this is shaping up as a shallow, large tonnage deposit,” Matador Mining executive director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“With drilling having identified shallow resource extensions, mining at Window Glass Hill is expected to be simple and cost effective, providing support for project development.

“In addition, up-dip drilling at the PW deposit in Central Zone has confirmed a higher-grade section of this deposit and extended the previous 2.5 kilometre resource boundary at Central Zone.

“Given that both PW and Window Glass Hill are granites deposits, there is potential for these to join.

“There has been limited to no drilling between these deposits which are approximately one kilometre apart and this is a priority area for follow up work.”

Window Glass Hill hosts an existing resource of 134,000 ounces of gold at 1.2g/t gold and is located approximately one kilometre from form the PW deposit at Central Zone.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au

 

Bellevue Gold Returns Further High-Grade Gold Hits

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) is beavering away at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has a total of eight rigs are currently operating after an additional two further rigs were added to the fleet to drill through to the end of the year.

The company said the drilling is targeting exploration step out at the new Deacon & Mavis Discoveries and to infill areas to upgrade the resource category at the other target areas which currently form the current resource of 1.8 million ounces at 11.1 grams per tonne gold of Inferred category resources.

High-grade gold drill results have continued to flow from ongoing diamond core from infill drilling at the Tribune and Viago Lodes.

Shallow infill drilling the company has completed at Tribune Lode in the top 200 metres from surface has consistently intersected the Lode as expected with numerous high-grade gold results reinforcing the current inferred resource model.

A large portion of the current Tribune Lode inferred resource has now been infilled to 40m by 20m spacing, aimed at increasing the confidence level of the resource to be updated in 2020.

Results include:

DRDD257
9.6 metres at 14.1 grams per tonne gold from 107.9m;

DRDD247
3m at 33g/t gold from 162m;

DRDD200
1.9m at 29.3g/t gold from 58m;

DRDD202
5.2m at 5.4g/t gold from 203m; and

DRDD220
0.6m at 273.5g/t gold from 155m.

Bellevue has also commenced infill drilling at the Viago Lode with drilling to continue over the coming months ready for conversion to a higher resource confidence level in 2020.

Results include

DRDD227
0.7m at 74.8g/t gold from 590.4m;

DRDD222
5m at 11.1g/t gold from 606m; and

DRDD233
3m at 19.8g/t gold from 580.5m.

The company’s infill diamond core drilling program is now underway at the Viago, Bellevue South and Vlad Lodes with two rigs currently operating.

Bellevue has allocated additional resources to the Deacon and Mavis discovery with six rigs targeting step out expansion drilling as well as targeting a number of high-priority off-hole DHEM conductors during the remainder of Q4 2019.

Several new visual drill core intersections have been reported with visible gold from Deacon & Mavis Lodes drilling.

Results expected to be received in the coming weeks.

“Around 35 per cent of the infill drill program has now been completed and we anticipate making significant progress by the end of Quarter one 2020,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Infill drill results continue to demonstrate the quality and high-grade of the Bellevue mineralised gold system.

“The company has also sourced a further two diamond core drill rigs to operate through until the end of 2019 to allow the assessment of what looks like a very large and significant target at the Deacon and Mavis Lodes discovery.

“We now have six drill rigs operating over 1.8 kilometres of strike on this new discovery taking the total rigs to eight on site.

“We are very excited by what we are seeing at the Deacon & Mavis discovery and intend to update the market as further results become available.”

 

Email: admin@bellevuegold.com.au

Web: www.bellevuegold.com.au

 

Alicanto Minerals Encounters High-Grades in Sweden

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has enjoyed swift success from the maiden exploration program underway in Sweden.

Alicanto Minerals announced drilling on the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) project within the Bergslagen Mining District of Sweden has returned high-grade results.

The company said the first two drill holes of the maiden reconnaissance drill program intersected shallow massive sulphides with grades of up to 9.5 per cent copper, 16 grams per tonne gold, 285g/t silver, 3.9 per cent lead and 8.2 per cent zinc at the Lustebo prospect.

Results include:

Drill hole 19-01
2.5 metres at 4.2g/t gold, 43g/t silver, 2.2 per cent copper and 1.7 per cent zinc from 151.5 m, including a massive sulphide zone of 0.8m at 13.1g/t gold, 126g/t silver, 6.43 per cent copper, 1.9 per cent lead & 4.7 per cent zinc from 152.63m;

Drill hole 19-02
2.72m at 0.3g/t gold, 43g/t silver, 1.1 per cent copper, 0.4 per cent lead and 1.1 per cent zinc from 152.68m, including a massive sulphide zone of 0.2m at 0.5g/t gold, 285g/t silver, 9.5 per cent copper, 2.6 per cent lead & 6.5 per cent zinc from 152.68m.

“The company is very excited to announce the intersection of massive sulphides with high-grade copper, gold and zinc assays from its maiden diamond drilling program at the Lustebo prospect,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“The exceptionally high grades encountered in the maiden drilling support the company’s belief that significant high-grade base metal deposits exist in the underexplored Oxberg project area.

“Alicanto will follow up these drilling results with down-hole electromagnetic surveys (DHEM) to help plan further drilling to define the extent of the massive sulphide body and to vector drilling to more significant widths of the mineralisation.

“Lustebo is the first prospect area the company has drilled within more than 45 kilometres of mapped prospective, mineralised horizons throughout the Oxberg-Naverberg project area.

“Multiple other prospects have been identified and are being advanced towards preliminary drill testing.

“In addition, the company has commenced an IP survey at its recently identified Wolf Mountain copper-gold prospect, nine kilometres from the Lustebo prospect to follow up on significant copper mineralisation observed on surface with rock chip results of up to 11.9 per cent copper.

“Phase two follow up drilling as well as new target drilling is anticipated to commence in the near term once permitting is completed.”

Alicanto is also currently carrying out a 12,000-metre diamond drill program at the company’s Arakaka gold project in Guyana.

“Results from the 12,000 metre diamond core drilling program at our Arakaka gold project in Guyana, fully funded by NordGold SE, are also anticipated soon,” George said.

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

Saturn Metals Continues Drilling at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) released new results from a reverse circulation (RC) drilling program underway at the company’s 100 per cent-owned Apollo Hill gold project in the Goldfields region of Western Australia.

Saturn Metals is currently drilling up to 13,000 metres at Apollo Hill as it looks to rapidly expand the newly discovered high-grade hanging wall zones and to grow the project’s recently upgraded 781,000 ounce Mineral Resource.

The company said the drilling is focussed on extending mineralisation with results from exploration step-outs to the east and down dip including:

AHRC0269
5 metres at 5.19 grams per tonne gold from 44m within 16m at 1.69g/t gold from 44m;

AHRC0244
11m at 1.2g/t gold from 180m within 25m at 0.61g/t gold from 166m; and

AHRC0242
7m at 2.13g/t gold from 64m.

Saturn explained the results from AHRC0269 (5m at 5.19g/t gold from 44m) have identified a new gold lode to the north-east of Apollo Hill, outside the existing resource that was completed in October 2019.

The results achieved in AHRC0244 (11m at 1.2g/t gold from 180m) have highlighted the continuity of the hanging wall lodes down dip, 80m below the current hanging wall resource, and adjacent to the main lode.

At this stage the drilling remains open while intersections continue to improve the ratio of mineralised material to non-mineralised material in the Resource area.

Assays are pending for a further 28 holes that have been drilled to date.

“Results continue to confirm our thesis for step change growth immediately adjacent to the Apollo Hill main lode,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We are extremely encouraged by the widening gold system, further higher-grade intersections, and the extension of the hanging wall system down dip.

“We are pressing ahead with our accelerated exploration effort as our confidence in the geological picture and gold system grows.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Galan Lithium to Commence Resource Definition Geophysics

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) is about to commence geophysical CSAMT (Controlled Source Audio‐frequency Magnetotellurics) surveys over the company’s Pata Pila and Rana del Sal projects in Aregntina.

Galan Lithium said the CSAMT surveys would assist in the estimation of potential lithium brine resources at the Western Basin of the Hombre Muerto salar in Argentina.

The company’s Rana de Sal and Pata Pila licenses cover large alluvial fan areas covering the western margin of the Hombre Muerto salar.

Recent drilling undertaken by Galan targeted single lines of highly conductive CSAMT anomalies recorded from previously completed surveys.

The company was encouraged by drilling that returned intercepts of high-grade/low-impurity lithium bearing brines.

The results from Pata Pila confirmed high-grades with all samples returning lithium grades greater than 900mg/l lithium with low impurity levels.

“Several lines of CSAMT surveying, additional to the existing lines…will be conducted across the alluvial fans at both Pata Pila and Rana del Sal,” Galan Lithium said in its ASX announcement.

“The surveys aim to map conductivity contrasts to assist in identifying the extent of lithium‐bearing brine aquifers and to define the geometry and depths to basement.”

The surveys are to be conducted by the company’s geophysical consultants Quantec Geoscience Ltd that previously conducted the surveys over the nearby Candelas channel at Hombre Muerto where Galan recently announced a maiden resource.

 

Web: www.galanlithium.com.au

 

THE DAILY ROADHOUSE

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Alicanto Minerals Identifies New Targets at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Auroch Minerals Intercepts More Saints Nickel

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released assay results from the first six drill-holes from the first drilling program to be carried out at the company’s recently-acquired Saints nickel project, located near Kalgoorlie in Western Australia.

Carawine Resources Strike Farm-In and Joint Venture with FMG

THE BOURSE WHISPERER: Carawine Resources (ASX: CWX) has entered into a Farm-In and Joint Venture Agreement with a subsidiary of FMG Resources (ASX: FMG).

Breaker Resources Funded to Drill Bombora

THE BOURSE WHISPERER: Breaker Resources (ASX: BRB) has agreed to a non-brokered $8 million share placement to Electrum Strategic Opportunities Fund II LP, a major US-based private equity fund focused on precious metals.

Corazon Mining to Commence Drilling at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced plans for drilling to be carried out at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Ardiden Identifies New Pickle Lake Gold Targets

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has identified several priority targets for gold mineralisation at the West Pickle prospect, part of the company’s 100 per cent-owned Pickle Lake gold project in Ontario, Canada.

 

Alicanto Minerals Identifies New Targets at Wolf Mountain

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Alicanto Miinerals declared the new hydrothermal mineralised system at Wolf Mountain to be prospective for copper-gold mineralisation after rock chip results returned up to 11.9 per cent copper across four separate mapped mineralised trends that intermittently outcrop through shallow glacial till cover over one kilometre of strike and are completely open.

The company explained the high-grade rock chips were previously believed to be part of a wide system of copper stringers feeding VMS deposits in the vicinity.

However, it now considers the copper stringers are most likely part of a large scale greater than-14-kilometre hydrothermal system with similar characteristics to the Aitik copper-gold mine in Northern Sweden.

Alicanto currently has 1000 metres of maiden diamond drill testing of multiple high-grade copper, zinc and gold targets underway at:

Naverberg where multiple untested targets identified from high-grade rock chips of 26.1 per cent zinc, 13.5 per cent lead and 2.8 per cent copper; and

Oxberg where multiple undrilled targets were identified by rock chips up to 9.4 per cent zinc, 11.9 per cent copper and 3.7 per cent lead.

“The Bergslagen Mining District is world famous for producing large scale and high-grade VMS style copper-gold deposits,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“With the intensive work that our exploration team has done on the ground in the last few months at Naverberg and Oxberg and interrogating the research undertaken in the past by others – we now believe that we have identified a previously unrecognised, large-scale hydrothermal system greater than 14 kilometres long at Wolf Mountain prospect, prospective for high-grade and bulk-tonnage copper-gold, which has overprinted part of the Western extents of our Naverberg and Oxberg projects.

“The Wolf Mountain system appears to have occurred some 20 million years after the formation of the limestone ore horizon hosting the VMS deposits (as previously reported by Alicanto), and has been made possible through the re-mobilisation of the same structures that formed the VMS deposits.

“Our research has discovered that in the past, it was believed that the high-grade copper occurrences at Wolf Mountain prospect were part of the stringer systems feeding VMS deposits at Oxberg and Naverberg – given the presence of the metals, minerals and structures that we have now found at Wolf Mountain this shows many similarities with the same occurrences at the world famous Aitik copper-gold mine (in Sweden’s north) which produces over 39 million tonnes of ore per annum.”

Alicanto indicated it intends to complete its maiden 1000 metres of drilling on its initial targets on its Sweden projects this quarter.

It also aims to complete ground geophysical programs including IP that are proposed for the newly identified Wolf Mountain target area to commence over the coming weeks.

 

Email: admin@alicantominerals.com.au

 

Web: www.alicantominerals.com.au