Impact Minerals to Commence Trial mining at Blackridge Gold Project

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced trial mining of up to one million loose cubic metres (about 1.6 million tonnes) will be undertaken at the company’s Blackridge gold project located north of Clermont in central east Queensland.

Impact Minerals has signed an agreement for tribute mining with private contractor, Queensland-based Nimble Resources, which will take responsibility for all set up, mining, processing and rehabilitation costs at the project.

In return Impact has financially de-risked the next stage of exploration and development of Blackridge.

The company will also benefit from the receipt of a sliding scale Net Smelter Royalty (NSR) of up to 15 per cent depending on the average monthly grade of gold mined.

Impact declared the trial mining phase, if successful, would be major step forward in demonstrating the potential for a larger open pit mine at Blackridge and follows the recent recognition of large volumes of free-digging oxide ore with exceptional gold recoveries of more than 95 per cent by wet gravity processing methods in recent bulk sampling programs.

The bulk sampling programs were done in conjunction with Nimble, which was so encouraged by the results, it approached Impact to initiate the trial mining.

Nimble boasts specialist skills and equipment in both wet and dry gravity gold processing technologies and is of the opinion that a large portion of the oxide material at Blackridge may potentially be dry processed.

Nimble will initially trial a proprietary dry processing technology with a throughput capacity of about 90 cubic metres per hour (about 150 tonnes per hour).

In addition, Impact will work with Nimble to determine optimal processing routes for the other two material types in the deposit which are not suitable for dry processing: wet clay-rich material and less oxidised to fresh bedrock.

“This agreement is a very positive step forward for the Blackridge project,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“We know that the best way to determine grade in coarse gold deposits such as Blackridge is to simply start mining.

“This is inherently very high risk and so this agreement gives Impact a very low risk entry to mining by trial mining of only a modest part of the mineralised area which extends over at least 1,500 metres along trend.

“In addition, Impact, under the royalty payment provisions will receive at least a modest cash flow from the trial.

“Having worked with Nimble Resources for the past 18 months Impact has established that the company is a very capable operator and we look forward to working with them and starting the trial as quickly as practicable.

“The use of their dry processing technology in the first instance also significantly decreases the environmental risk and the large water requirements for a wet processing plant.

“Impact will also continue to assess other processing alternatives for other material types which are key targets for the larger scale potential at Blackridge.”

The Blackridge project is an advanced conglomerate-hosted gold project that covers the historic Blackridge and Springs mining centres located about 25 kilometres of Clermont.

The gold fields produced about 185,000 ounces of gold from 1879 to the early 1900s from surface down to depths of about 70 metres in small shafts and related underground workings.

Impact Minerals has previously completed two phases of bulk sampling of the conglomerate material with very encouraging results from a wet gravity processing plant.

Gold was recovered from samples taken over 1,000m of trend with grades ranging from 0.07 grams per cubic metre to 2.17g/m3 at an average of 0.36g/m3.

All material sampled was free digging down to at least four to five metres below surface with gold present, in at least a few locations, throughout the profile.

Large volumes of such material are present at Blackridge over the 1,500m of trend.

 

Email: info@impactminerals.com.au

Web: www.impactminerals.com.au

 

Sayona Mining Advances Revised Authier Lithium Project DFS

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THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) informed the market that a revised Definitive Feasibility Study (DFS) for the company’s Authier lithium project in Québec, Canada is on track for release next month.

Sayona Mining said the DFS is currently being reviewed by an engineering consultancy and is based on a planned sustainable development approach of 2,600 tonnes per day production, a figure that it has determined will allow for an approximate mine life of 14 years and estimated annual average spodumene concentrate production of around 115,000 tonnes (6 per cent lithium oxide (Li2O)).

The company’s previous DFS released in 2018 showed the potential for a sustainable and profitable project.

In parallel with the DFS, Sayona has been progressing a revised Environmental Impact Study (EIS), as per the BAPE (bureau d’audiences publiques en environnement) process stipulated by the Québec Government.

The BAPE regulatory process entailsfurther community engagement, including the establishment of a project monitoring committee comprised of key stakeholders, including local municipalities, business groups, environmental organisations, First Nations representatives, community groups and other citizens.

Following a public consultation process (as per the Ministère de l’Environnement et de la Lutte contre les changements climatiques, or MELCC), Sayona has modified the EIS to reflect community feedback.

The company anticipates the revised EIS now likely will be submitted to the MELCC by year‐end, after which it will be submitted to the Public Hearings Office for further public hearings and review, ultimately leading to expected project approval under the BAPE in 2020.

Sayona has identified a bright future for the province’s lithium industry, given its proximity to U.S. battery markets and its advantages including access to low‐cost hydroelectric power, world‐class infrastructure including rail and road and skilled labour.

In the company’s announcement to the Australian Securities Exchange, Sayona Mining managing director Brett Lynch said Sayona’s investment in Québec and its plans to participate in the bidding process for the North American Lithium Inc (NAL) operation in the province the company announced in September, reflect its confidence in the province’s potential to be at the forefront of the lithium‐ion battery revolution.

“We are extremely positive concerning the outlook and will continue working closely with all stakeholders to ensure maximum community benefits from this key metal of the 21st century,” Lynch said.

 

Email: info@sayonamining.com.au

Web: www.sayonamining.com.au

 

Black Cat Syndicate Completes Raising to Fund Drilling

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THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) received firm placement commitments from professional and sophisticated investors to raise $5 million at 43 cents per share.

Black Cat Syndicate indicated the funds will be used for drilling programs across the company’s Bulong gold project in Western Australia.

The company anticipates drilling programs to commence in October to include extensional drilling on the new Myhree Southern Offset target, extensional drilling at Trump North, infill drilling aimed at upgrading the existing Resources at Myhree, and accelerated exploration drilling of Sub-audio Magnetic (SAM) targets in the Greater Woodline area, including Anomaly 38.

The company said the Myhree Feasibility Study will continue to a potential decision to mine, expected in the June 2020 quarter.

Individual study elements include metallurgical testwork, geotechnical studies, including diamond drilling, hydrogeological studies and general permitting.

SAM surveys have been completed to the north of Boundary and to the south of Myhree and the company has interpretation and target generation in these areas underway.

New targets near and along strike of existing Resources will be prioritised for drilling.

The new funding will also allow additional SAM surveys to be completed in early 2020 to extend coverage over a larger portion of the Bulong project.

“We are pleased to have sufficient funding to continue our exploration and Resource growth activities as well as complete our ongoing Feasibility Study which will lead to a potential decision to mine in the June 2020 quarter,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The placement was priced at a five per cent discount to our closing price on 30 September 2019.

“This is a strong endorsement of the results we have achieved and the inherent value investors see in Black Cat.

“We expect to have strong news flow over the balance of 2019.”

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

Lithium Australia Subsidiary Makes Cathode Material from Recycled Batteries

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THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced that its wholly-owned subsidiary company, VSPC Ltd, used lithium phosphate (LP) from spent lithium-ion batteries (LIBs) to create high-quality cathode material.

The material was, in turn, used to make and test lithium-ferro-phosphate (LFP) batteries, a type of LIB.

Lithium Australia explained that Australian Nuclear Science and Technology Organisation (ANSTO) used company technology to recover LP with a purity of more than 99.9 per cent from mixed metal dust (MMD) obtained from recycled LIBs.

The MMD was then commercially recovered by Melbourne-based Envirostream Australia Pty Ltd, in which Lithium Australia holds 18 per cent equity.

Envirostream is the only company in Australia capable of sorting, shredding and separating all energy metals, including lithium, from spent LIBs.

Once ANSTO had recovered the LP, it was shipped to VSPC’s pilot plant in Brisbane, Australia, where VSPC proprietary nanotechnology was used to synthesise LFP cathode material from the LP, with 100 per cent recovery to final product achieved with precise control of composition and phase purity.

Using that LFP cathode material, VSPC created new, 2032 coin-cell LIBs and electrochemically tested them, exceeding VSPC’s internal standards.

Lithium Australia declared that the achievement demonstrated the technological fit between its recycling process and the VSPC process for producing cathode material for LFP batteries.

The company believes the entire production cycle (lithium from recycled batteries → LP → LFP cathode material → new LIBs) demonstrates the potential for improved efficiency and reduced manufacturing cost.

VSPC will now use a blend of newly created LFP material and LFP material synthesised from recycled lithium to make and test cathodes for larger, commercial-format (18650) battery cells.

Lithium Australia indicated it is currently in discussions with industry players in China and elsewhere to establish a supply chain for LFP cathode material produced from the recycling of spent LIBs, highlighting that growth projections for such material are strong, given its suitability for applications such as the replacement of automotive lead-acid batteries and for largescale energy storage, including the provision of back-up power supplies for 5G communications stations.

“The production of LIBs from recycled battery material represents a genuinely renewable pathway for the battery industry,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“Recycling of this type meets the ethical, social and governance standards that the community expects.

“It also strengthens our capacity to deal with climate change by improving resource sustainability and reducing the environmental footprint of portable power.

“With demand for LIBs remaining strong, Lithium Australia is providing a supply chain solution that is independent of mainstream mineral producers, as well as producers of conventional battery chemicals.”

 

Email: info@lithium-au.com

 

Web: www.lithium-au.com

 

Hammer Metals Encounters Bronzewing South Gold

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) received assay results from a Phase 1 RC drilling program completed at the company’s Bronzewing South gold project in Western Australia.

Hammer Metals explained the 14 hole program tested five targets on mineralised trends south of the 2.3 million ounce Bronzewing deposit.

Highlighted intersections include:

BWRC006
10 metres at 1.97 grams per tonne gold from 129m, including 1m at 16g/t gold from 137m and
2m at 3.39g/t gold from 110m;

BWSRC004
8m at 1.36g/t gold from 199m, including 1m at 6.2g/t gold and
4m at 2.49g/t gold from 226m, including 1m at 9.3g/t gold from 229m; and

BWSRC011
5m at 1.91g/t gold, including 2m at 4.38g/t gold from 147m.

Hammer currently has planning underway to initiate Phase 2 of the program to test a further five targets developed from IP and gravity survey data in conjunction with the information acquired in the current program.

A 15,000m aircore drilling program testing the mineralised trend along strike to the north of Echo Resources’ (ASX: EAR) Orelia deposit is expected to commence in mid-October.

Rock chip samples from quartz veining at the Kens Bore prospect returned encouraging results including 6.09g/t, 7.73g/t, 12.1g/t and 22.3 g/t gold.

Initial testing of this target is planned to occur in the Phase 2 RC program.

“We are very encouraged by the results from our first drilling program at Bronzewing South,” Hammer Metals chairman Russell Davis said in the company’s announcement to the Australian Securities Exchange.

“The wide-spaced drilling has intercepted significant gold mineralisation in most of the holes drilled and has provided useful information on the structure, geology and deportment of the gold mineralisation at the project and will guide further drilling.

“We are looking forward to commencing RC and aircore drilling programs in the near future along both the Bronzewing South and Orelia trends and at the new Ken’s Bore target.”

 

Email: info@hammermetals.com.au

Web: www.hammermetals.com.au

 

Metalicity Confirms Additional Gold Mineralisation at Kookynie

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THE DRILL SERGEANT: Metalicity (ASX: MCT) announced intercepts from its September drilling program, claiming they confirm mineralisation extensions past previously developed and drilled areas at the company’s Kookynie project in the Eastern Goldfields of Western Australia.

Metalicity completed a three-hole follow up program that it said reaffirms the excellent exploration potential of the Kookynie gold project.

Results include:

At Leipold
9 metres at 7.31 grams per tonne gold from 34m, including 3m at 7.91g/t gold from 34m; and

4m at 10.4g/t gold from 39m, including 1m returning 31.2g/t gold from 40m.

McTavish
3m at 1.41g/t gold from 73m; and

Champion
1m at 1.35g/t gold from 127m.

According to Metalicity, all holes returned structural continuation of mineralisation and noteworthy intersections.

“While the short program encompassed three drill holes, each was successful in again extending the known mineralisation,” Metalicity managing director Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.

“The intercept at Leipold illustrates the high-grade nature that is possible within these structures.

“I am very excited to see the completion of the current rights issue on offer and continue to develop the Kookynie gold project, which represents a significant opportunity for Metalicity.”

The Kookynie project is host to six prospects: Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland.

 

Web: www.metalicity.com.au

 

Cassini Resources Continues Encouraging Run at Mount Squires

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) continued its recent good run of encouraging RC drilling results from the company’s 100 per cent-owned Mount Squires project in the Musgrave Province of Western Australia.

Cassini Resources declared the latest results have again returned economic mineralisation near surface and extending to shallow depths.

The Mount Squires project is an early stage exploration project that Cassini considers highly prospective for gold, located adjacent to the western border of the company’s West Musgrave JV project with OZ Minerals (ASX: OZL).

Results from another three holes of the 10-hole program have been received and include results of:

MSC0004
27 metres at 1 gram per tonne gold from 31m, including 3m at 2.59g/t gold from 38m; and

MSC0005
19m at 0.68g/t gold, including 6m at 1.26g/t gold from 38m.

“Recent drilling results support the current geological interpretation,” Cassini Resources said in its ASX announcement.

“Mineralisation is hosted within a hydrothermal breccia at the stratiform contact of a rhyolite and overlying (predominantly barren) volcaniclastic unit.

“Mineralised lodes, defined by a 0.1g/t gold halo, strike E-W to ESE-WNW and are near vertical to steeply south dipping.

“Mineralisation is potentially controlled by the intersection of NW-SE and SW-NE trending structures.

“Surface rock chip sampling of the hydrothermal breccia and extrapolation of recent and historical drill results indicates a potential mineralised strike of at least 600m which remains open down plunge.”

Cassini indicated it anticipates receiving results for the remaining four holes over the next couple of weeks.

The company said that regardless of the results, it has been encouraged enough already to begin planning follow-up programs at Handpump and the remaining project area.

The evaluation of recent airborne magnetic survey geochemical data will also inform the company’s decision-making process for the next phase of exploration.

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Bellevue Gold Confirms High-Grades at Deacon and Mavis

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) announced further drill results from the recent Deacon and Mavis discovery, located 400 metres east of the company’s historic Bellevue gold mine in Western Australia.

Bellevue Gold said its recent drilling has focussed on extending the mineralisation up dip and along strike with step outs to the north and the south followed by down hole electromagnetic (DHEM) surveying.

Each hole drilled into the Deacon target passes through the Bellevue Lode before entering the new discoveries at Deacon and Mavis.

Bellevue has completed broad spaced step-out drilling it claims has confirmed further high-grade gold mineralisation at the Deacon discovery with an intersection of:

DRDD237
3.8 metres at 13.9 grams per tonne gold in a zone of quartz, pyrrhotite and visible gold mineralization.

The company explained this drill hit is a 160m step-out north of a previously announced result of 3.6m at 18.3g/t gold (DRDD139); and a 260m step-out north of another earlier hit of 4.4m at 62.4g/t gold (DRDD218)

Bellevue has results pending on an even larger 350 metre step-out hole (DRDD242) to the north that has intercepted visible gold mineralisation.

The first step-out drill hole testing 120m up dip (DRDD225) intercepted 0.8m at 36.9g/t gold.

Bellevue indicated the Deacon discovery to be now defined over an area of 1,700mby 260m and remains open in every direction.

The Mavis discovery is located only 60 metres to the east and parallel to Deacon Lode with high-grade gold including a previously announced intercept of 2.2m at 38g/t gold.

Bellevue currently has six diamond core rigs spinning, targeting discovery step-out at Deacon and Mavis Lodes as well as infilling Tribune, Viago and Bellevue Surrounds Lodes.

“The footprint of the Deacon and Mavis discovery continues to expand as exploration progresses with further high-grade drill intersections and significant new untested DHEM conductors defined,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“This discovery is yet another ‘game changer’ at the project, given the significant scale and new entirely untested geological sequence to the east which has opened up exploration in the third dimension.

“The Bellevue mineralisation system is resembling the beginnings of other significant large scale and long-life operating mines in the Goldfields region of Western Australia due to its large mineralised footprint and multiple lodes.

“The DHEM testing has truly been revolutionary for exploration at the project, allowing the rapid ranking of and targeting of prospective structures.

“Our exploration strategy utilising broadly spaced step-out holes followed by the use of DHEM to define the mineralisation panels within the shear network works consistently well for us.

“So far at Deacon over 1.7 kilometres of strike has been defined and numerous large scale untested DHEM conductors remain to be drill tested suggesting significant potential to add further high-grade mineralisation to the resource inventory.”

 

Email: admin@bellevuegold.com.au

Web: www.bellevuegold.com.au

 

Meteoric Resources Prepares for Novo Astro Diamond Drilling Program

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has greeted the arrival of the GEOSOL diamond drill rig and crew to the company’s 100 per cent-owned Novo Astro gold project in Mato Grosso, Brazil.

Drilling is expected to commence early October with four initial targets having been selected based on geological mapping, artisanal workings, soil geochemistry and grab sampling.

Novo Astro is located 30 kilometres from the company’s active drilling campaign at its 100 per cent-owned Juruena project.

Together with Juruena, Novo Astro comprises the most prospective cluster of targets within Meteoric’s extensive Brazilian portfolio.

FOLLOW THIS LINK TO SEE OUR INTERVIEW WITH MANAGING DIRECTOR ANDREW TUNKS

Meteoric Resources explained that previous mining at Juruena and Novo Astro identified and exploited both alluvial and primary mineralisation.

Artisanal mining across both sites commenced at the end of the 1960s and was responsible for the production of approximately one million of gold.

Although the Juruena project was subjected to intense drilling by several previous explorers, Novo Astro has only been explored by surface exploration.

Subsequently, there has never been any drilling of Novo Astro to test the gold grade and depth extent of the surface alteration and mineralisation that has been mapped, and where Meteoric recently collected high-grade rock chips up to 290 grams per tonne gold.

The company’s previous reconnaissance mapping and rock chip sampling at the Novo Astro project defined four targets for follow up drilling: Graça, Matteus, José, and Bodhi.

Meteoric is now set to commence a 21-hole drilling program at Novo Astro.

Over at the Juruena project, diamond drilling has continued to progress with two rigs completing double shifts.

The rigs are completing the final holes at Dona Maria and will soon move to other targets at Querosene and Tomate.

 

Web: www.meteoric.com.au

 

Cygnus Gold (ASX: CY5)

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THE CONFERENCE CALLER: Cygnus Gold (ASX:CY5) has extended nickel anomalism on the back of results from soil sampling over the Bencubbin North nickel and base metals prospect within the company’s wholly owned Bencubbin project in the Wheatbelt region of Western Australia.

Cygnus Gold has also announced a high-grade gold intersection at the company’s Stanley project in the Wheatbelt of Western Australia.

The Resources Roadhouse caught up with Cygnus Gold managing director James Merrillees at the RIU Resources Investor Roadshow in Melbourne to get the low down on proceedings.

CLICK ON THE PIC BELOW TO VIEW VIDEO

With the surface sampling having extended the nickel-copper and copper-lead-zinc prospectivity at Bencubbin North, outlining widespread PGE anomalism consistent with potential for magmatic nickel-copper sulphide mineralisation, Cygnus Gold has declared it intends carrying out infill sampling to refine targets for drill testing with sampling to commence on the highest priority targets.

Cygnus is also planning to commence sampling on the Bencubbin South tenement over extensions of the Bencubbin Greenstone as well as further sampling of the Mandiga Trend, located at the southern end of Bencubbin North project, which it considers highly prospective for base metals.

Drilling is planned in the second half of the year once it has received and interpreted these results.

 

Email: info@cygnusgold.com

Web: www.cygnusgold.com