Canyon Resources Drills High-Grade Results from New Southern Bauxite Plateau

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THE DRILL SERGEANT: Canyon Resources (ASX: CAY) reported high-grade results from an initial exploration drilling program conducted on the Sophia Plateau on the Makan Licence, at the company’s Minim Martap bauxite project in Cameroon.

Canyon Resources said intervals of over 50 per cent aluminium oxide (Al2O3) were identified in 23 of the initial 27- hole program completed in July 2019.

The company explained the results delineate high-grade, low contaminant bauxite from surface in a new exploration area.

Drilling intersections include:

12 metres at 50.1 per cent Al2O3 and 1.1 per cent silicon dioxide (SiO2) (total) from surface;

7m at 50.1 per cent Al2O3 and 1.9 per cent SiO2 (total) from surface;

7m at 50.4 per cent Al2O3 and 1 per cent SiO2 (total) from surface;

7m at 51 per cent Al2O3 and 1.1 per cent SiO2 (total) from surface;

8m at 51.3 per cent Al2O3 and 1.1 per cent SiO2 (total) from 1m;

11m at 50.9 per cent Al2O3 and 0.9 per cent SiO2 (total) from 2m;

8m at 51.2 per cent Al2O3 and 1.1 per cent SiO2 (total) from surface; and

5m at 53.7 per cent Al2O3 and 1.1 per cent SiO2 (total) from surface.

Canyon said the drilling results from Makan outline the potential for further high-grade bauxite plateaux in addition to those already identified within the project area.

None of the plateaux within the Makan tenement have been drilled or included in bauxite resource estimates previously.

The Makan permit includes the second largest bauxite plateau at the project which presents a priority target for future drilling.

“The drilling results from the previously untested Makan licence are very pleasing and confirm Canyon’s regional geological model for extensive and new high-grade bauxite resource potential,” Canyon Resources chief geologist Dr Alexander Shaw said in the company’s announcement to the Australian Securities Exchange.

“These results further confirm the global Tier 1 status of the project.”

The company is progressing a Pre-Feasibility Study (PFS) for the Minim Martap bauxite project.

Throughout the next 12 months, targeted resource drilling will be completed to support delivery of the PFS.

 

Email: info@canyonresources.com.au

Website: www.canyonresources.com.au

 

Blackstone Minerals Intersects Healthy Nickel Sulphides at Ta Khoa Nickel Project

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) shook away the morning cobwebs on Day Two of the Diggers & Dealers Mining Forum in Kalgoorlie by releasing results from its maiden drilling program on the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals announced its maiden drilling at the Ta Khoa nickel project in Northern Vietnam had intersected substantial disseminated nickel sulphide mineralisation within the first three drill holes delivering results, including:

BP19-01
22 metres at 0.76 per cent nickel, 0.13 per cent copper and 0.01 per cent cobalt from 138m, including 5m at 2.23 per cent nickel, 0.17 per cent copper and 0.03 per cent cobalt from 138m;

BP19-02
17.8m at 1 per cent nickel, 0.09 per cent copper and 0.01 per cent cobalt from 106.6m; and

BP19-03
45.5m at 1.2 per cent nickel, 0.17 per cent copper and 0.01 per cent cobalt from 56.5m.

All holes have platinum, palladium and gold assays pending.

In concert with the drilling Blackstone has undertaken an initial IP survey test line, the results from which it will use to target a second phase of drilling over the coming weeks.

Blackstone will continue to test for shallow DSS targets at Ban Phuc and using the IP survey results will commence the second phase of drilling to target high chargeability and low resistivity zones which correlate with the higher-grade zones within the Ban Phuc DSS.

Blackstone is the first company to use IP as a targeting tool at Ban Phuc and has interpreted the initial results to suggest the geophysical method will enable it to define higher grade zones within both the MSV and DSS prospects throughout the Ta Khoa nickel project.

“The initial results from our maiden drilling at Ta Khoa have confirmed we have a large unmined disseminated sulphide body at Ban Phuc, we look forward to more results from the IP survey to define further targets for our second phase of deeper drilling which we will commence over the coming weeks,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

The Ta Khoa nickel project is located west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine (Ban Phuc) built to Australian Standards, which is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016.

Blackstone ’s maiden Minerals considers its drilling results to be consistent with historic drilling and confirm the potential for a large unmined disseminated sulphide prospect at Ban Phuc.

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au

 

Emu NL Chases Chilean Success

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THE CONFERENCE CALLER: Emu NL (ASX: EMU) secured a three-year extension to its option to purchase the Vidalita concessions in Chile.

These comprise six of Emu’s 51 concessions (granted and applications) and cover 1,580 hectares or approximately 12 per cent total area of 136 square kilometres held by Emu at its Elevado project.

The Vidalita concessions cover the discovery hole the company announced earlier this year and the area that has been the main focus of Emu’s prospecting and exploration effort.

The Elevado project is located within the Maricunga gold belt in the Atacama Region, northern Chile that hosts numerous world-class gold and silver projects.

EMU non-executive director Gavin Rutherford spoke with Wally Graham of The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie.

 


Email: info@emunl.com.au

Web: www.emunl.com.au

 

 

Moho Resources Gets on The Go Go Go

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THE CONFERENCE CALLER: Moho Resources (ASX: MOH) listed on the Australian Securities Exchange in November 2018 on the back of an IPO that raised $5.3 million.

The company has endeavoured to spend this money on exploration activities on its portfolio of projects in both Western Australia and Queensland, two well-known Australian mining jurisdictions that include three highly prospective projects at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by mining industry identity Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as managing director, commercial director Ralph Winter and Adrian Larking, lawyer and geologist, as non-executive director.

Ralph Winter sat down with The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie to discuss how the company’s drilling programs are progressing.

 

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au

 

Trigg Mining IPO Hopes to unlock Domestic Potash Market

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THE CONFERENCE CALLER: Trigg Mining is currently in the closing stages of an IPO to list on the ASX centred around the company’s two Sulphate of Potash (SOP) projects located near Laverton in the Goldfields of Western Australia.

The projects: Lake Rason and Lake Throssell potash projects cover approximately 2,640 square kilometres of granted tenure and are close to established transport and energy infrastructure and are nearby the Tropicana and Gruyere gold mines.

The projects contain more than 400sqkm of playa lakes and 300 km of interpreted palaeochannels, all prospective for brine hosted SOP mineralisation.

Trigg is looking at creating a local-domestic supply chain of Sulphate of Potash, which Australia currently imports from as far away as Canada and Germany.

The company has stamped a footprint across its two SOP projects in the WA Goldfields with an eye of catering to Australian and International markets.

The Resources Roadhouse sat down with Trigg Mining managing director Keren Paterson at the Diggers & Dealers 2019 Mining Forum in Kalgoorlie.

 


Email: admin@triggmining.com.au

Web: www.triggmining.com.au

 

Lithium Australia Claims Maiden Discovery at Youanmi

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THE DRILL SERGEANT: Lithium Australia (ASX: LIT) kicked off its week at Diggers & Dealers 2019 by reporting the results of a maiden RC drilling program within the company’s Youanmi project area in Western Australia.

Lithium Australia has an option to acquire full rights and title to three exploration licences at Youanmi that contain lithium, caesium and tantalum (LCT) pegmatites, as well as vanadium mineralisation in a nearby layered mafic complex.

The company said the RC drilling program was designed to test down-dip extensions of outcropping lithium-bearing pegmatites where rock-chip samples yielding up to 4.2 per cent lithium oxide (Li2O) had been identified and lepidolite mineralisation observed in RC drill cuttings.

To date, 54 RC holes have been completed, from which the first batch of assay results has reported high-grade lepidolite mineralisation hosted in pegmatites.

LIT said the extent of known lithium-bearing pegmatites has been extended by this maiden drilling program and that it was encouraged that mineralisation is reported over good widths of high-grades, is shallow and remains open down dip and along strike.

Assay results returned lithium intersections, including:

19YMRC037
8 metres at 1.39 per cent Li2O from 8m;

19YMRC036
7m at 1.42 per cent Li2O from 20m;

19YMRC030
6m at 1.64 per cent Li2O from 11m – includes 1m at 3.07 per cent Li2O;

19YMRC027
6m at 1.54 per cent Li2O from 1m;

19YMRC039
5m at 1.57 per cent Li2O from 13m;

19YMRC038
5m at 1.2 per cent Li2O from 31m.

“These great results from our first-pass drilling program vindicate our exploration model,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“Good widths of high-grade lithium mineralisation in pegmatites are reported at Youanmi, including 8 metres at 1.39 per cent Li2O and 7 metres at 1.42 per cent Li2O from 20 metres, with results from 19 holes pending.

“Importantly, the mineralisation is shallow and remains open down dip and along strike.

“The lithium is hosted in lepidolite, a lithium mica ideally suited to processing by our proprietary SiLeach® technology.

“Initial results suggest Youanmi could provide critical local feedstock for our lithium-cathode and battery business units.”

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

Bellevue Gold Claims New Gold Discovery

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) made the most of day one of Diggers & Dealers 2019 by announcing a new gold discovery at the company’s Bellevue gold project in Western Australia.

Bellevue Gold said that the first assay results from a major new target area identified in the foot wall to the Bellevue Mine resulted in the a new discovery, which has been named the Deacon Lode, located offset around 400 metres to the east of the base of the historic Bellevue underground mine.

The company explained that exploration drilling has been conducted on 200 to 240 metre spaced drill lines with only a single hole completed on each of the sections from 550 metres depth from surface to about 750 metres below surface.

A total of eight holes have been drilled so far with results received for the first seven holes.

Bellevue style biotite shearing was intercepted in all drillholes with quartz sulphide visible gold mineralisation logged in six of the holes.

Results from the first 7 holes include the following intercepts:

DRDD130
3.6 metres at 18.3 grams per tonne gold from 654.6m, including 2.2m at 27.8g/t gold from 656m;

DRDD088
1.8m at 5.9g/t gold from 653m;

DRDD086
2m at 4.2g/t gold from 669m and 2.4m at 4.9g/t gold from 676m;

DRDD139
2.5m at 5.1g/t gold from 753m; and

DRDD110
2m at 4.9g/t gold from 748m.

Bellevue Gold said the latest results were comparable in tenor to those of the Viago Lode discovery the company made last year at a similar exploration stage.

“The discovery of offset mineralisation in the Bellevue footwall below the historic Bellevue underground workings represents a major milestone in exploration at the Bellevue gold project,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The recent drilling has opened up exploration below the Bellevue mine and confirms the Bellevue system is alive below the limit of the historic mine.

“The strike rate on this first pass broad centres is similar to that at the Bellevue Mine when considered on 200 metre drill spacings and the tenor and size of the DHEM plates is very similar to the historic mine.

“This new discovery despite being offset approximately 400 metres from the base of the old mine the exploration team believes the recent drilling reflects the likely continuation of the Bellevue shear lode system beneath the old mine.

“Following the recent capital raising the company is fully funded to continue with our strategy to continue to expand the extents of the mineralised system in combination with starting to increase confidence in the current 1.8 Million ounce Inferred resource estimate.

“With six diamond core drill rigs operating at the project the company anticipates significant newsflow over the next six to 12 months.”

 

Email: admin@bellevuegold.com.au

Website: www.bellevuegold.com.au

 

S2 Resources Scores High-Grade Hits in Finland

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THE DRILL SERGEANT: S2 Resources (ASX: S2R) opened it Diggers & Dealers 2019 account with the announcement of assay results for the first 14 of 32 holes drilled during the first phase of reconnaissance diamond drilling at the company’s 100 per cent-owned Aarnivalkea gold anomaly in Finland.

S2 Resources said the drilling achieved its objective by confirming the presence of a shear zone system with hydrothermal alteration, widespread gold anomalism, and high-grade gold mineralisation.

Highlights included:

FAVD0006
10 metres at 1 gram per tonne gold from 87m;

FAVD0012
5.5m at 2g/t gold from 42m, including 0.7m at 6.7g/t gold and 1m at 5.3g/t gold; and

FAVD0015
6m at 5.4g/t gold from 59m, including 4m at 7.8g/t gold.

Alongside these results, BOT drilling undertaken concurrently with the diamond drilling extended the Aarnivalkea anomaly to the south, identifying a parallel trend to the west of the main trend, with a best end of hole value of 2.17g/t gold.

S2 Resources explained the broad spacing of the holes it has drilled to date and the number of holes with assays still to come means it is too soon to identify specific hotspots for follow up so the rig has been moved to start drilling the Aakenusvaara gold prospect.

Once the remaining assays have been received the rig will commence follow up drilling which will comprise infill lines to tighten the spacing along strike, extensional lines to test the new BOT anomalies, and probe around the gold hotspots identified in phase 1.

The company expects the remaining assays will be received by mid-late August and that the rig will recommence drilling at Aarnivalkea by late August.

“Finland is a highly prospective but under-explored country and despite being only 25 kilometres away from Europe’s biggest gold mine, Aarnivalkea is completely unexplored, so these preliminary drilling results underpin the reason why we decided to explore there,” S2 Resources CEO Mark Bennett said in the company’s announcement to the Australian Securities Exchange.

“Our next milestone is the receipt of further assays from other holes completed, and we hope to build on these results over the coming weeks through our systematic program at Aarnivalkea whilst also progressing our other emerging gold and nickel prospects elsewhere in Lapland.”

 

Email: admin@s2resources.com.au

Website: www.s2resources.com.au

 

Barra Resources Initiates Burbank Mining Study on Back of Resource Upgrade

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THE DRILL SERGEANT: Barra Resources (ASX: BAR) announced a maiden Inferred Mineral Resource for the Burbanks North Trend at the company’s 100 per cent-owned Burbanks gold project, south of Coolgardie in Western Australia.

Barra Resources reported the Inferred Mineral Resource of approximately 20,400 ounces at 1.76 grams per tonne gold in accordance with the 2012 JORC Code.

The Burbanks North Trend is located just 700 metres north of the company’s Burbanks Mining Centre which includes the Birthday Gift and Main Lode Underground Mines and several open pits that are currently in care and maintenance.

Barra has been steadily increasing Mineral Resources at its Coolgardie gold projects following a strategic update to its gold strategy ahead of a sustainable re-start in mining operations.

Adding the Burbanks North Mineral Resource together with existing Resources at Birthday Gift and Main Lode, the Burbanks project total Mineral Resource now spans over 2.8 kilometres in strike length along the Burbanks Shear and is fast becoming an extensive mineralised system still with vastly untested depth potential.

Barra explained that the maiden MRE for Burbanks North adds an additional 16 per cent of Mineral Resources to the company’s Global Mineral Resource which now stands at 145,700 ounces.

“Barra’s commitment to its gold strategy to grow the Mineral Resources at Burbanks is delivering results,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“With gold now trading above $2,000 per ounce and with Burbanks status as a granted mining lease, Barra now has an outstanding opportunity to consider mining options for this historically productive high-grade gold mining centre.”

The combination of an increased resource base at Burbanks and recent increases in gold prices above $2,000 per ounce has provided the impetus for Barra to commission Snowden Mining Consultants to conduct a desktop mining study to consider a near-term restart in mining operations.

The study will consider:

The potential for open pit mining at Burbanks North;
The potential to access the shallow Mineral Resource discovered at Main Lode during 2018, potentially via an underground development launched from the adjacent Christmas open pit;
Remnant Mineral Resources at Birthday Gift in the Hadfield and Dahmu lodes at level 4 and above that was accessed and developed by Kidman Resources, but never mined;
Toll treatment at one of several nearby mills; and
Dewatering solutions and ongoing reserve definition drilling, to enable future development at deeper levels.

Barra anticipates receiving results from the study during the current quarter.

The company acknowledged that further detailed studies and reserve definition drilling would then be required, but believes Burbanks has the advantage of being a granted mining lease with some approvals already in place, potentially paving the way to a rapid restart in mining operations.

 

Email: info@barraresources.com.au

Website: www.barraresources.com.au

 

Genesis Minerals Welcomes Cornerstone Investment from Alkane Resources

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THE BOURSE WHISPERER: Genesis Minerals (ASX: GMD) secured a $6 million cornerstone investment by Australian gold producer Alkane Resources (ASX: ALK).

Genesis minerals said the Alkane investment was part of a $7.5 million capital raising initiative aimed at fast-tracking the next phase of resource and exploration drilling at the company’s 100 per cent-owned Ulysses gold project in Western Australia.

Genesis said the proceeds of the capital raising would strengthen its balance sheet and allow it to progress a multi-pronged exploration and development strategy at Ulysses including resource in-fill work, resource extension drilling and ongoing Feasibility Study work, while also pursuing other strategic acquisition and growth opportunities in the Leonora region.

“We are pleased to have secured a strategic partnership with a prominent and well-regarded Australian gold miner in Alkane to become our cornerstone shareholder through this landmark capital raising initiative,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“The proceeds of this placement will de-risk our balance sheet and give us the flexibility to pursue an aggressive exploration, development and growth strategy in the Leonora region, underpinned by our existing high-grade Resource at the Ulysses gold project.

“We will pursue a multi-pronged strategy which includes in-fill drilling to de-risk the Resource and underpin ongoing Feasibility studies, extensional drilling to grow the Resource base and regional exploration to expand our overall Resource base.

“At the same time, we will have the capacity to pursue acquisition opportunities where these make sense, to expand our sphere of influence as an emerging gold company.

“We welcome Alkane as a new major shareholder and partner, with a wealth of knowledge and skills that is now available to Genesis.”

 

Website: www.genesisminerals.com.au