Exploration Drilling Activity Producing Encouraging Results.

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THE DRILL SERGEANT: There has been a raft of positive drilling results of late such as these from three companies scheduled to present at the RIU Sydney Resources Roundup in May.

Breaker Resources Extends Bombora Strike Length

Breaker Resources (ASX: BRB) reported drilling has extended the strike length of mineralisation at the Bombora gold discovery within the company’s Lake Roe project, east of Kalgoorlie in Western Australia.

Breaker Resources has extended Bombora by 700 metres to 3.2 kilometres saying it had continued to enhance the discovery’s underground mining potential.
Mineralisation remains open in all directions.

Breaker indicated it plans to update the existing 1.1-million-ounce Resource in the coming June quarter and will consider the results from the 700m of strike length which has been added since the Resource was last calculated.

The company said the latest results indicate the outer limits of the potential open pit mine are likely to increase.

Results include:

BBDD0083
21 metres at 3.11 grams per tonne gold from 24m, 11m at 5.21g/t gold from 64m, including 5m at 10.53g/t gold, 15.3m at 1.84g/t gold from 293m, including 3.2m at 5.95g/t gold from 298.3m, and 0.6m at 211.53g/t gold from 339.7m;

BBRC1236
8m at 5.71g/t gold from 52m, including 4m at 7.26g/t gold from 56m;

BBDD0082
13.7m at 2.3g/t gold from 649m, including 4.1m at 6.46g/t gold from 653.9m; and

BBRC1158
12m at 1.79g/t gold from 96m, including 4m at 3.53g/t gold from 103m, including 1m at 8.1g/t gold from 104m.

Drilling is ongoing utilising four rigs to systematically extend and upgrade the Bombora deposit, and to identify the outer limits of initial open pit mining to finalise the open pit Pre-Feasibility Study.

“After two years of resource drilling, Bombora was still open in every direction and new zones of mineralisation were still being discovered,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“It is increasingly obvious that the initial open pit will be large – and we are yet to find its limits.

“The potential at depth is also becoming more clear.

“We have drilled only ten holes substantially below the current Resource (250m below surface), four of which include intercepts exceeding 30 gram-metres, and six of which include intercepts exceeding 15 gram-metres.

“This positive ‘hit rate’ at depth, together with our growing understanding of the deposit structure, gives us increasing confidence in the long-term underground mining potential at Bombora.”

 

Email: breaker@breakerresources.com.au
Website: www.breakerresources.com.au

 

Spectrum Metals Confirms Penny North Discovery

Spectrum Metals (ASX: SPX) claimed confirmation of the discovery of a new high-grade lode at the company’s Penny West project in Western Australia.

Spectrum Metals received assay results from three additional holes that returned results of:

SPWRC016
8m at 24.2g/t gold from 149m; and

SPWRC018
4m at 35.2g/t gold from 135m within 9m at 16.2g/t gold from 130m.

The company said these results build on the previous discovery intersection of 8m at 23.8g/t gold from 128m within 14m at 14.4g/t gold from 124m in hole SPWRC002, confirming the discovery of a new high-grade lode structure at the Penny North prospect, which remains open in all directions.

Ten additional holes have already been drilled to the north, south and down dip, from which assays are pending.

Spectrum has further holes designed and drilling continues.

“The confirmation that we have discovered a new high-grade lode at our Penny West project, so early in our maiden RC drilling program, is a significant and very exciting development for the company and its shareholders,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“This will provide Spectrum with an expanded exploration focus for 2019 and although it’s early days and there is a lot more work to do, the discovery of another high-grade lode gives us confidence that the asset has the potential to build significant additional value for shareholders.”

 

Email: info@spectrummetals.com.au
Website: www.spectrummetals.com.au

 

Black Cat Syndicate Infill and Resource Drilling at Bulong

Black Cat Syndicate (ASX: BC8) is preparing RC drilling to resume at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate will commence the RC drilling program in the Myhree-Boundary Corridor where drilling will focus on extension of the current Myhree Resource of 0.5 million tonnes at 3.2 grams per tonne gold for 50,000 ounces of gold.

Recent drilling by Black Cat has already increased the plunge of the mineralisation at Myhree by 40 per cent which remains open to the north, south and at depth.

The company indicated the drilling will also aim to confirm the existence of an additional structure between Myhree and Boundary (Boundary East) that was intersected in February 2019.

Step out drilling is also planned on the Trump Resource which has already enjoyed a 33 per cent increase in strike extent since the Resource announcement in February 2019.

“The first round of drilling for 2019 has shown significant extension to mineralisation well beyond the current Resources,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We have new targets between Myhree and Boundary that we will now begin testing.
“These should add scale to the next Resource upgrade at the same time as we continue to grow the existing mineralised structures.

“We are pleased with the results to date and the obvious potential to rapidly build a substantial Resource in a location that has low barriers to mining.”

 

Email: admin@blackcatsyndicate.com.au
Website: www.blackcatsyndicate.com.au

 

Breaker Resources Extends Bombora Strike Length

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported drilling has extended the strike length of mineralisation at the Bombora gold discovery within the company’s Lake Roe project, east of Kalgoorlie in Western Australia.

Breaker Resources has extended Bombora by 700 metres to 3.2 kilometres saying it had continued to enhance the discovery’s underground mining potential.

Mineralisation remains open in all directions.

Breaker indicated it plans to update the existing 1.1-million-ounce Resource in the coming June quarter and will consider the results from the 700m of strike length which has been added since the Resource was last calculated.

The company said the latest results indicate the outer limits of the potential open pit mine are likely to increase.

Results include:

BBDD0083
21 metres at 3.11 grams per tonne gold from 24m, 11m at 5.21g/t gold from 64m, including 5m at 10.53g/t gold, 15.3m at 1.84g/t gold from 293m, including 3.2m at 5.95g/t gold from 298.3m, and 0.6m at 211.53g/t gold from 339.7m;

BBRC1236
8m at 5.71g/t gold from 52m, including 4m at 7.26g/t gold from 56m;

BBDD0082
13.7m at 2.3g/t gold from 649m, including 4.1m at 6.46g/t gold from 653.9m; and

BBRC1158
12m at 1.79g/t gold from 96m, including 4m at 3.53g/t gold from 103m, including 1m at 8.1g/t gold from 104m.

Drilling is ongoing utilising four rigs to systematically extend and upgrade the Bombora deposit, and to identify the outer limits of initial open pit mining to finalise the open pit Pre-Feasibility Study.

“After two years of resource drilling, Bombora was still open in every direction and new zones of mineralisation were still being discovered,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“It is increasingly obvious that the initial open pit will be large – and we are yet to find its limits.

“The potential at depth is also becoming more clear.

“We have drilled only ten holes substantially below the current Resource (250m below surface), four of which include intercepts exceeding 30 gram-metres, and six of which include intercepts exceeding 15 gram-metres.

“This positive ‘hit rate’ at depth, together with our growing understanding of the deposit structure, gives us increasing confidence in the long-term underground mining potential at Bombora.”

 

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

 

Spectrum Metals Confirms Penny North Discovery

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THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) claimed confirmation of the discovery of a new high-grade lode at the company’s Penny West project in Western Australia.

Spectrum Metals received assay results from three additional holes that returned results of:

SPWRC016
8m at 24.2g/t gold from 149m and

SPWRC018
4m at 35.2g/t gold from 135m within 9m at 16.2g/t gold from 130m

The company said these results build on the previous discovery intersection of 8m at 23.8g/t gold from 128m within 14m at 14.4g/t gold from 124m in hole SPWRC002, confirming the discovery of a new high-grade lode structure at the Penny North prospect, which remains open in all directions.

Ten additional holes have already been drilled to the north, south and down dip, from which assays are pending.

Spectrum has further holes designed and drilling continues.

“The confirmation that we have discovered a new high-grade lode at our Penny West project, so early in our maiden RC drilling program, is a significant and very exciting development for the company and its shareholders,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“This will provide Spectrum with an expanded exploration focus for 2019 and although it’s early days and there is a lot more work to do, the discovery of another high-grade lode gives us confidence that the asset has the potential to build significant additional value for shareholders.”

 

Email: info@spectrummetals.com.au

Website: www.spectrummetals.com.au

 

Exore Resources Claims New Cote d’Ivoire Gold Discovery

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THE DRILL SERGEANT: Exore Resources (ASX: ERX) claimed a new gold discovery at the company’s Bagoe project in northern Cote d’Ivoire.

Exore Resources made the claim following the receipt of results from initial reconnaissance aircore (AC) drilling at the Veronique target whilst progressing its objective of defining a multi-million-ounce gold project in northern Cote d’Ivoire.

The company declared initial AC drilling results at the Veronique target achieved the aim of identifying widespread in-situ gold mineralisation and highlighting a new gold discovery.

Shallow intersections from the broad spaced AC drilling include:

12m at 3.63 grams per tonne gold from 4m;
4m at 7.58g/t gold from 20m, including 4m at 10.12g/t gold from 8m;
4m at 4.45g/t gold from 12m;
4m at 3.31 g/t gold from 16m; and
8m at 2.71g/t gold from 0m.

The results are from five wide-spaced AC traverses that tested 1.6 kilometres of strike of the 8km long, 2km wide Veronique anomaly.

The drilling encountered multiple shallow mineralised zones defined over the 1.6km of tested strike with all mineralised zones remaining open with highly anomalous geochemistry for 3.5km to north and 3km to the south.

The drilling is continuing with both step out drilling along strike and infill drilling underway to better define orientation of mineralisation.

“It has been just six months since acquiring the Cote d’Ivoire projects and every target we have drilled has returned exceptional results,” Exore Resources managing director Justin Tremain said in the company’s announcement t othe Australian Securities Exchange.

“We are extremely excited by the results from the first ever drilling at Veronique which confirm the potential for a significant new gold discovery and is a significant to step to achieving our objective of defining a multimillion-ounce gold project.

“The scale of Veronique is hugely exciting with over 80 per cent of the prospect still untested.

“We continue to have two rigs drilling and we look forward to reporting further drilling results from our aggressive exploration program.”

 

Email: info@exoreresources.com.au

Website: www.exoreresources.com.au

 

Black Cat Syndicate Infill and Resource Drilling at Bulong

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) is preparing RC drilling to resume at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate will commence the RC drilling program in the Myhree-Boundary Corridor where drilling will focus on extension of the current Myhree Resource of 0.5 million tonnes at 3.2 grams per tonne gold for 50,000 ounces of gold.

Recent drilling by Black Cat has already increased the plunge of the mineralisation at Myhree by 40 per cent which remains open to the north, south and at depth.

The company indicated the drilling will also aim to confirm the existence of an additional structure between Myhree and Boundary (Boundary East) that was intersected in February 2019.

Step out drilling is also planned on the Trump Resource which has already enjoyed a 33 per cent increase in strike extent since the Resource announcement in February 2019.

“The first round of drilling for 2019 has shown significant extension to mineralisation well beyond the current Resources,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We have new targets between Myhree and Boundary that we will now begin testing.

“These should add scale to the next Resource upgrade at the same time as we continue to grow the existing mineralised structures.

“We are pleased with the results to date and the obvious potential to rapidly build a substantial Resource in a location that has low barriers to mining.”

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au

 

FYI Resources Drilling at Cadoux Kaolin Project

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THE DRILL SERGEANT: FYI Resources (ASX: FYI) is kicking off a detailed drilling program at the company’s Cadoux kaolin project in Western Australia.

FYI Resources said the drilling was being undertaken to further define the deposit and augment the company’s high purity alumina (HPA) strategy.

The drilling program is designed to accomplish several technical tasks for Cadoux.

FYI has planned a program utilising two drilling rigs – a reverse circulation (RC) rig and a diamond drill rig will operate in sequence to generate samples and technical data the company expects to important information for the ongoing BFS, which is expected to be complete in the September 2019 quarter.

Results will also be included in an Environmental Impact Study (EIS) report to be submitted later this year.

“This drilling program is the next phase in advancing the development of the Cadoux Kaolin HPA project,” FYI Resources managing director Roland Hill said in the company’s announcement to the Australian Securities Exchange.

“The technical accomplishments we have achieved in the development of our flowsheet design has provided us with an excellent understanding of the intricacies of attaining such a high purity (99.999%) alumina product.

“We really want to now go back to the feedstock (kaolin) to develop an better understanding of the unique characteristics of the deposit to further derisk the project and ensure quality control of the final product.

“This drilling program will provide further information to support our technical work and also add broader project value by providing secondary hydrological information and enabling environmental data collection.”

FYI outlined the primary aim of the drilling to be elevating the standard of input data to increase the technical and metallurgical understanding of the kaolin feedstock to assist in refining the process flowsheet design in developing the low-risk, low-cost production of high purity alumina products.

 

Website: www.fyiresources.com.au

 

De Grey Mining Achieves Encouraging Results at Withnell

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) announced new RC and diamond drilling results at the Withnell gold deposit, part of the company’s Pilbara gold project in Western Australia.

De Grey Mining explained Withnell is currently the largest deposit (6.37 million tonnes at 1.8 grams per tonne gold for 377,300 ounces) within the project area.

It is the only deposit along an immediate six-kilometre trend that has been drilled below 100 metres depth.

Gold mineralisation is hosted by the 60km long, east-west trending regional scale Mallina Shear Zone.

De Grey said the latest high-grade drilling results it achieved at Withnell continue to enhance the resource potential.

Results include:

LODE 1 (West)

5m at 7.8 grams per tonne gold from 43m, including 2m at 14.95g/t gold;
2m at 11.14g/t gold from 61m, including 1m at 20.6g/t gold;
8m at 20.11g/t gold from 168m, including 4m at 38.5g/t gold; and
4m at 5.93g/t gold from 188m.

LODE 1 (East)

5.47m at 4.57g/t gold from 293m.

LODE 2

16m at 4.21g/t gold from 94m, including 1m at 29.3g/t gold.

LODE 4

8m at 3.62g/t gold from 100m; and
4m at 16.4g/t gold from 240m.

“These drilling results are extremely encouraging,” De Grey Mining chairman Simon Lill said in the company’s announcement to the Australian Securities Exchange.

“We have set an initial resource target of two million ounces by the end of 2019 and we believe Withnell and Toweranna provide a clear runway toward that number.

“Drilling is advancing at both deposits with two rigs operating, so there will be a steady stream of exploration results in the forthcoming months.”

 

Email: admin@degreymining.com.au

Website: www.degreymining.com.au

 

Galan Lithium Continuing Drilling at Candelas

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) reported on progress of drilling underway at the company’s Candelas lithium brine project in Argentina.

Galan Lithium informed the market that drillhole (C-02-19) at the Candelas project encountered fractured basement at 632 metres and was completed to a total depth of 662m.

Preliminary field data from a 202m section (from 460 to 662 to the end of hole) returned conductivity levels of a lower order than those the company recorded in C-01-19 but it still expects these to return lithium values albeit at lower levels.

The company’s technical team has interpreted the results to indicate that brines were introduced at depth into the channel from the north with drillhole C-02-19 drilled into a hydrothermally affected area.

Lithium bearing brines lie around the base of the channel in interbedded breccia and conglomerates and infiltrate into fractured bedrock, from which the team has determined hydrothermal activity proximal to C-02-19 may be diluting the aquifer at this location.

“Much has been achieved to date in a short time frame,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“We are dealing with a unique geological setting for lithium brines and our knowledge of the region increases with the more work we do.

“The lithium potential remains strong for Candelas as it does for our prospective Western tenements at Hombre Muerto.”

 

Website: www.galanlithium.com.au

 

PepinNini Lithium Commences Rincon Salar Brine Sampling

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THE DRILL SERGEANT: PepinNini Lithium (ASX: PNN) is set to commence brine sampling from monitoring boreholes on the company’s Rincon project in Argentina.

PepinNini Lithium said the re-sampling will be conducted to validate the lithium concentration of a resources estimation the company released in 2018.

The company explained boreholes drilled for the resource were converted to monitoring wells and this work is preparatory to pumping testing for flow rates on the Salar.

“The work involves thoroughly cleaning the boreholes of drilling fluids and sampling at specific depths for aquifer horizons,” PepinNini Lithium said in the company’s ASX announcement.

“Results would be expected in a month.”

 

Email: admin@pepinnini.com.au

Website: www.pepinnini.com.au

 

Kin Mining Completes Helens Open Pit Resources Drilling

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced new results from recent drilling carried out at the Helens prospect, part of the first open pit development proposed at the company’s Cardinia gold project in Western Australia.

Kin mining said the Helens Resource definition drilling has confirmed the location and continuity of the mineralised lodes with results including:

HE19DD292
7.8 metres at 3.4 grams per tonne gold from 13.2m and 3.5m at 2.7g/t gold from 60.5m;

HE18RC293
7.1m at 4.7g/t gold from 45.3m;

HE18DD300
2.4m at 4.1g/t gold from 56.1m; and

HE18RC316
2m at 4.5g/t gold from 18.1m.

The comant declared that an updated Mineral Resource estimate for the Helens deposit is nearing completion along with metallurgical testwork and Feasibilty Stidy final pit design works.

The Helens deposit has a Mineral Resource Estimate of 1.03 million tonnes at 2.14 grams per tonne gold for 70,900 ounces that includes 0.62 million tonnes at 2.18g/t gold for 43,200 ounces of Indicated Resource and 0.41 million tonnes at 2.07g/t gold for 27,700 ounces of Inferred Mineral Resource.

“Resource definition drilling at Helens has focused on confirming the geological interpretation of the deposit and upgrading Inferred Mineral Resources to Indicated Mineral Resources,” Kin Mining said in its ASX announcement.

“This drilling at Helens has shown that the recently updated geology model is robust with all RC and Diamond holes intersecting the target structure(s) and 23 of the 28 holes recording significant lode style mineralisation at the predicted position in the resource model.”

 

Email: info@kinmining.com.au

Website: www.kinmining.com.au