Great Boulder Resources Identifies New Side Well South Gold Targets

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THE DRILL SERGENAT: Great Boulder Resources (ASX: GBR) has identified two new large, high-priority gold targets via soil geochemistry at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources identified the targets from results of recent soil auger sampling at Side Well.

The first is a 2.4 kilometres-long Ironbark-style target with peak gold values of 75ppb gold with the second being a 1.4km-long bismuth-molybdenum anomaly, displaying the same pathfinder elements as Mulga Bill, including bismuth assays up to 475 times background levels.

“We recently completed a program of wide-spaced surface sampling over the Side Well South area, extending coverage to the bottom of the Side Well project,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This data has confirmed mineralisation continues south through our tenements and the known hydrothermal system now covers more than 18 kilometres of strike.

“At Side Well South we’ve identified two new targets collectively spanning 3.8 kilometres of strike.

“This expands the known mineral system with the same pathfinder fingerprints as our earlier discoveries to the north.

“The surface anomalism has been getting stronger as we move south, so we’re excited to find these new targets and keen to drill them as soon as possible.

“A heritage survey is scheduled to start on July 22nd, and we’ll be drilling as soon as we receive approval.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Provides HMW Project Update

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THE BOURSE WHISPERER: Galan Lithium (ASX: GLN) updated us all on recent progress made at the company’s 100 per cent-owned Hombre Muerto West (HMW) Phase 1 lithium brine project in Argentina.

Galan Lithium has continued its lithium inventories build in the HMW Phase 1 ponds, in line with Feasibility Study expectations, which will provide the feedstock for the HMW processing plant.

The company has now reached 40 per cent completion of the HMW Phase 1 project with the ponds system sitting at 60 per cent capacity.

The designed ponds system can allow an inventory, until H2 2025, of up to 10,000 tonnes per annum lithium carbonate equivalent (LCE) without the need for processing.

The approximate 750,000 square kilometres of evaporation area that has been built, currently holds 2,800 tonnes LCE contained inventory.

This current evaporation area is sufficient to produce a lithium chloride volume of approximately 3,000 tonnes per annum LCE.

Having slowed the pace of construction activities to save cash, Galan now expects first production from HMW to be within H2 2025.

“We are very proud of the solid progress made to date especially in light of current market conditions,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“During this time, the Board also made the prudent decision to strategically slow construction activities so as to preserve our cash.

“Our current in situ inventory of 2,800 tonnes LCE has been the first step of our production pathway.

“Our inventory will continue to increase as we have a low energy cost operation that only requires brine pumps to operate.

“As a result, once Galan finalises sales and funding arrangements, which are progressing well, the company will be in a strong position to produce a competitive low-cost lithium product.

“It should also be noted that we have received strong international market interest in our HMW lithium concentrate.

“In our view, this evidence indicates that the current lithium pricing environment and market oversupply is not expected to be a long term trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources Commences Hillgrove Exploration Drilling

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) is all cashed up and ready to commence exploration drilling at the company’s Hillgrove gold-antimony project in New South Wales.

Larvotto Resources will pay for the drilling using funds from a recently completed $5 million equity raising, which it expects to supplement with a further $1 million via a share purchase plan.

The drilling is to focus on the project’s Clarks Gully deposit, a steep dipping zone of mineralisation associated with both high-grade gold and antimony that remains open in all directions.

Clarks Gully mineralisation is currently defined from surface to a depth of 200m with a current Measure and Indicated Mineral Resource Estimate of 266,000 tonnes at 3.8 per cent antimony and 2 grams per tonne gold (8.4 g/t gold equivalent).

The drill program aims to extend previous drilling to test the strike and depth extent of the mineralised zone that is expected to increase Larvotto’s confidence ahead of Ore Reserve estimation studies.

Larvotto’s exploration strategy is to rapidly increase the Hillgrove Resource base, while converting the current Measured and Indicated MRE into JORC Ore Reserves.

“The Clarks Gully deposit extends from surface and remains open at depth,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“It currently has a M+I Mineral Resource Estimate (MRE) with high-grade ore suited to both open pit and underground extraction.

“Favourably, it has potential for early-stage development which could supplement production from the already developed Metz underground mining area to the south.

“Significantly, the mineralisation is open in all directions and there is great potential for it to extend to depth as all of the other deposits in the field do.

“Soil geochemistry strongly indicates that the mineralisation extends to the south of the previously mined open pit and initial testing of the area is included as part of this program.

“The geochemical anomaly is of the same order as that over the current deposit and has the potential to significantly increase the overall resource at Clarks Gully.

“We look forward to demonstrating the current mineralisation extends in all directions and continues to contain significant mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Antipa Minerals Drills Near-Surface High-Grade Gold

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THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) received final results from Phase 1 reverse circulation (RC) drilling completed at the company’s 100 per cent-owned Minyari Dome gold-copper project in the Paterson Province of Western Australia.

Antipa Minerals reported identification of new zones of near surface, high-grade gold along the northern edge of the project’s GEO-01 discovery, at the GP01 target, and at the Minyari Southeastern Extension target.

Shallow, high-grade new intersections returned, included:

24MYC0610
35m at 3 grams per tonne gold from 20m down hole, including 16m at 5.6g/t gold from 33m down hole, also including 1m at 14.4 g/t gold from 34m; and 1m at 24g/t gold from 48m;

24MYC0470
10m at 3.6g/t gold from 140m down hole (EoH 150m), including 4m at 8.9 g/t gold from 140m down hole; and

24MYC0459
49m at 1.5g/t gold from 2m down hole, including 12m at 4.9g/t gold from 34m down hole.

“We are delighted to report these final assay results from our CY2024 Phase 1 RC drilling program at Minyari Dome, Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“The decision to expand the initial size and scope of drilling has delivered some fantastic outcomes with thick, near-surface high-grade gold mineralisation discovered at multiple target areas.

“Importantly, the drilling programme successfully identified new gold zones along the northern edge of GEO 01, at the GP01 target, and at the Minyari Southeastern Extension target.

“This serves to meaningfully increase the resource potential at the existing Minyari deposit and adds to the already substantial opportunity at GEO-01.

“Results from the program also facilitate refinement of our geological model and enable generation of multiple new drill target locations.

“In parallel, we are advancing workstreams designed to deliver a GEO-1 maiden resource and an update to the existing Minyari resource, both scheduled for July 2024, while we prepare for the upcoming CY2024 Phase 2 drilling program set to commence later this year.

“We now await assay results from the two diamond drill holes completed at our PM1 and PM2 targets which we expect will be returned late this month.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Kali Metals Reports Positive Results from Maiden Spargoville Drill Program

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THE DRILL SERGEANT: Kali Metals (ASX: KM1) reported returned positive results from its first Reverse Circulation (RC) drilling campaign at the company’s Spargoville project in Western Australia.

Kali Metals explained the Phase 1 drill program was designed as an initial reconnaissance program to test multiple outcropping pegmatites.

The company revealed the drill program has been fundamental to expanding its knowledge of the geological setting at the Flynn-Giles and Green Flame prospects, and the Spargoville project more broadly.

The drilling confirmed the presence of Spodumene in several shallow dipping pegmatite dykes and resulted in numerous lithium-caesium-tantalum (LCT) hits at Flynn-Giles.

Results from the drilling include:

24SPRC006
9 metres at 1.11 per cent lithium oxide (Li2O), including 5m at 1.73 per cent Li2O; and

24SPRC003
10m at 0.85 per cent Li2O, including 4m at 1.96 per cent Li2O:

“We are pleased to announce the results from our maiden drilling program which has importantly confirmed the presence of Spodumene-bearing, LCT pegmatites at the Flynn-Giles and Green Flame prospects,” Kali Metals managing director Paul Adams said in the company’s ASX announcement.

“In the near term, using knowledge gained from the drilling to date, preparation is underway to commence our Phase 2 program at the Walton, Parker-Grubb and Flynn-Giles East prospects in the coming weeks.

“We look forward to sharing further results with shareholders as they are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Legacy Minerals Intersects Epithermal Veins in Bauloora Drilling

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THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) reported further drilling outcomes from the company’s Bauloora project in the Lachlan Fold Belt of New South Wales.

Legacy Minerals recently carried out diamond drilling at the project intersecting multiple new epithermal veins at never-before drill tested prospects, including Moonlight, Ben Hall, and Breakout.

Eight diamond holes tested five prospects in total, which Legacy had defined via a combination of anomalous soil and rock chip geochemistry and geophysical signatures.

The company said the diamond drill holes confirmed epithermal-style veins beneath elevated gold, silver and pathfinder rock chip and soil geochemical results, and mapped veins.

“The observations of widespread epithermal veins at Bauloora further highlight an exciting time for Legacy Minerals shareholders,” Legacy Minerals CEO and managing director Christopher Byrne declared in the company’s ASX announcement.

“The campaign was designed to test multiple new prospects across a wide area which would potentially open up new mineralised vein trends and give an indication of the scale of the system.

“Impressively, all prospects have had epithermal veins intercepted in drill core.

“While alteration, veins and breccia do not directly translate to gold and silver grades, the presence of the broad down-hole width intervals of epithermal veins and cockade breccia with adularia and hematite as well as sulphide mineralisation is a positive outcome.

“The newly discovered vein zones demonstrate the growth potential of the project with numerous anomalous geochemical trends of the project remaining completely untested and open in all directions.

“We are pleased to be able to unpack this epithermal mineral system with Newmont, our earn-in partner, and continue the good exploration work completed to date.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Killi Resources Confirms High-Grade Gold-Copper at Mt Rawdon West Kaa Target

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) declared confirmation of a high-grade gold-copper structure the company’s 100 per cent-owned Mt Rawdon West project in Queensland.

Killi Resources made the announcement om the back of recent surface rock chip sampling that returned high-grade gold and copper results at the Kaa target.

Killi has now extended the trend over 1.8km with results confirming high grade gold-copper-silver mineralisation in association with highly anomalous pathfinder elements of antimony, bismuth, mercury and tellurium.

The sampling returned a very high-grade sample of 238 grams per tonne gold, 2.1 per cent copper and 513g/t silver the company considers being representative of the surface outcrop of a mineralised structure.

“It’s not every day you can walk up to an outcrop and have it return ~ 8oz of gold in assay,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This very high-grade result coupled with multiple other assay results strongly anomalous for gold and copper extend the system considerably and indicate we are likely looking at a previously unrecognised epithermal system.”

Other results included:

MRRK061
14.3g/t gold, 2.2 per cent copper and 907g/t silver;

MRRK065
12.3g/t gold, 0.3 per cent copper and 60g/t silver;

MRRK073
5.89g/t gold, 5.4 per cent copper and 45.7g/t silver;

MRRK068
5.81g/t gold, 1.9 per cent copper and 211g/t silver; and

MRRK072
6.06g/t gold, 1.5 per cent copper and 585g/t silver.

“These results give us confidence to aggressively continue our exploration programs, with an IP Survey and local scale surface mapping currently in progress,” Cutler continued

“We look forward to reporting these results in the next few weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Drilling at Hilditch Gold Project

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has commenced a Reverse Circulation (RC) drill program at the company’s Hilditch gold project located on a granted mining tenement outside Kambalda in Western Australia.

Maximus Resources views Hilditch as just one of several regional gold deposits it considers being highly prospective in the company’s Spargoville tenements.

The deposit already hosts a shallow Mineral Resources Estimate (MRE) of 19,500 ounces of gold at 1.3 grams per tonne gold.

The company outlined the purpose of the drilling program to be infill and resource extension to upgrade additional material into the higher confidence JORC indicated category.

This phase of drilling will also entail several representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption of the Hilditch mineralisation.

“This RC program drilling aims to bring more of the resource into the higher confidence JORC indicated category, whilst completing representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption for optimal gold recovery,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The company continues to make consistent improvements in Mineral Resource classifications, through efficient drilling, and as our geological understanding of the deposits continues to grow, so does the potential across Maximus’ fertile tenements.

“Hilditch’s shallow gold resource represents a potential near-term gold production opportunity for Maximus, located on a granted mining tenement next to the Coolgardie-Esperance Highway, and within a short trucking distance to several regional gold processing plants.

“With the completion of a flora and fauna survey, the company has commenced preparations for the Mining Proposal and Mine Closure submission for open-pit mining operations at Hilditch.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources managing director Amanda Buckingham

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Warriedar Resources (ASX: WA8) recently reported encouraging results from diamond drilling undertaken at the Ricciardo deposit within the company’s Golden Range project in the Murchison region of Western Australia. Warriedar managing director Amanda Buckingham dropped into The Resources Roadhouse to explain to Wally Graham just how encouraging the results are.

Charger Metals Commences Lake Johnston Drilling

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) has commenced a program of Reverse Circulation (RC) drilling at the company’s Lake Johnston lithium project in Western Australia.

Charger Metals is to conduct two RC drill programs testing priority lithium targets at the greater Medcalf and Mt Gordon prospects.

The drilling is being funded by Rio Tinto Exploration (RTX) under a farm-in agreement with Charger in relation to the project.

At the greater Medcalf prospect, drilling will test for potential strike extensions to the known high-grade lithium mineralisation associated with spodumene-bearing pegmatites intersected in previous drilling campaigns.

It will also target approx. 1.2km strike of outcropping spodumene-bearing pegmatites trending from the main Medcalf mineralisation, where previous rock chipping returned up to 4.2 per cent lithium oxide (Li2O).

At the Mt Gordon prospect, drilling will target large soil anomalies (>100ppm Li2O) which extend for over 3km into the adjacent Jaegermeister lithium prospect of TG Metals (ASX: TG6)

The drilling is expected to take 6 – 8 weeks to complete, depending on results and potential delays due to inclement weather.

“We are excited to have commenced our RC drill programs at Lake Johnston,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The priority drill targets are in and around the Medcalf prospect where we have previously confirmed a high-grade spodumene system.

“We are also eager to drill our first holes into the Mt Gordon prospect which has excellent lithium potential and will keep the market informed as results are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE