Genesis Minerals Confirms Ulysses Resource Growth Potential

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) released results from ongoing Resource drilling at the company’s Ulysses gold project in Western Australia.

Genesis Minerals declared the results had confirmed the potential to expand and upgrade existing Resources within the Ulysses project, including all deposits within the recently acquired Kookynie group of tenements.

The latest highly-encouraging results were from Reverse Circulation (RC) drilling completed prior to Christmas at both the Orient Well and Butterfly-Clark deposits.

The drilling at Orient Well was part of a large program designed to expand and upgrade the existing 61,000-ounce Mineral Resource, where results received to date have demonstrated strong potential to grow the existing Resource.

All of the latest results are from areas outside the current Resource.

Drilling on the Clark-Butterfly area focused on an area targeting the Hercules and Clark shears and also focused on upgrading parts of the Inferred Resource at Butterfly.

“This is a great way to start the New Year, with another batch of impressive assay results from both the Orient Well and Butterfly-Clark areas,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“At Orient Well, all of the new results are from outside the current 61,000-ounce Resource and show clear potential to grow this Resource.

“At Clark-Butterfly, recent drilling has focused on the potential of the Hercules and Clark shears and also intersected significant mineralisation outside the known deposits.

“Drilling has now re-commenced across the greater Ulysses project with one RC rig currently on site.

“We expect to deliver an updated project-wide Mineral Resource in the first quarter of 2021, which will underpin the completion of a Feasibility Study and provide a solid platform from which to progress the development of a significant new standalone gold mining and processing operation at Ulysses.”

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

De Grey Mining Hits Consistent Gold at Falcon

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) received further good news from drilling undertaken at the company’s Hemi gold discovery in Western Australia.

De Grey Mining’s latest drilling concentrated on the Falcon prospect, utilising step out and infill RC and diamond drilling.

Results demonstrate consistently thick zones of gold mineralisation up to 80m wide, 350m down dip and over 1km in strike with mineralisation open at depth along the entire strike.

De Grey indicated drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.

RC drilling is continuing on an 80m by 40m pattern, with diamond tails to test mineralisation at depth.

Drilling highlights include:

HERC424
92m at 1.3 grams per tonne gold from 124m. This hole was 50m up dip of a previous intersection of 92m at 1.3g/t gold encountered in HERC233D.

HERC421
67m at 1.6g/t gold from 119m – within an overall interval of 93m at 1.2g/t gold from 110m

HERC402D
66.7m at 1.4g/t gold from 198.3m – within an overall interval of 145.7m at 0.9g/t gold from 198.3m. Visible gold was previously reported in HERC402D

HERC425
25m at 2.1g/t gold from 268m – within an overall interval of 90m at 1g/t gold from 210m – The hole ended in a mineralised horizon – a diamond tail follow-up is planned.

HERC299DW1
20.9m at 1.9g/t gold from 369m – within an overall interval of 133.4m at 0.7g/t gold from 256.5m − Mineralisation tested to approximately 350 vertical metres and remains open at depth.

HERC426
6m at 5.9g/t gold from 99m.

De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.
“The latest results at Falcon demonstrate the consistently high gold endowment of this zone along a strike of 1,000 metres and to a depth of at least 350 metres.

“Mineralisation remains open down dip, along this strike and up dip on some sections.

“Drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.

“The company has recommenced its drilling program with eight drill rigs operating on site – two aircore rigs, three RC rigs and three diamond rigs.

“As well as delineating the existing zones at Hemi, aircore and RC drilling is progressively expanding to known and new intrusive targets in the Greater Hemi area.

“Aircore and RC drilling to identify new zones outside Hemi is currently focused to the north and west of Crow.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Comet Resources Confirms High Copper and Zinc Grades

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THE DRILL SERGEANT: Comet Resources (ASX: CRL) reported assay results from mineralised samples taken during a November 2020 field program at the company’s Barraba copper project located in the New England area of New South Wales.

Comet has now received complete assay results from samples taken from the historical high-grade Murchison copper mine site and the Gulf Creek North prospects.

Copper assay results from the historic Murchison Mine site returned levels up to 4.6 per cent, zinc up to 4 per cent and cobalt up to 0.7 per cent from mine dump samples.

Subsequent soil geochemical sampling and analysis confirmed surface copper mineralisation around the Murchison Mine, open to the West and East.

Historical data indicates the Murchison mine is a VMS-style deposit, the type that often occur in clusters due to the nature of the hydrothermal processes that form them.

This is the case at the Barraba copper project with three historic VMS deposits identified within the project area.

“These assay results, with high copper, zinc and cobalt, have confirmed that the historic Murchison copper mine at the Barraba copper project is another area of high priority exploration interest to us,” Comet Resources managing director Matthew O’Kane said in the company’s ASX announcement.

“In addition to the known historical high-grade mineralisation at the Gulf Creek Mine, these results now provide us with multiple exploration targets at the project.

“We look forward to advancing physical exploration works on both prospects.”

The Murchison copper mine produced ore in the early 1900s with historical records indicating underground workings to 16m, as well as a number of shallow pits.

Historical production records state copper was produced at an average grade of 3 per cent, with historical assays up to 5.1 per cent.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: comet@cometres.com.au

 

Web: www.cometres.com.au

 

Black Cat Syndicate Recommences Kal East Drilling

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THE DRILL SERGEANT: Black Cat Syndicate heralded the arrival of 2021 with the recommencement of RC drilling activities at Fingals Fortune and Imperial/Majestic, which comprise part of the company’s Kal East gold project in Western Australia.

Drilling at Fingals Fortune during the latter part of 2020, identified several new zones of mineralisation.

Black Cat commenced drilling with one RC rig in place that is due to be joined by another soon.

The drilling program is to include a substantial amount of infill drilling, designed to upgrade the current JORC 2012-complaint Mineral Resource.

Another rig is conducting a sterilisation program for the proposed processing and tailings storage facilities adjacent to Imperial/Majestic.

“The recommencement of drilling is part of our strategy to increase and upgrade Resources ahead of mining,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Fingals Fortune is shaping up to be a large pit and remains open in all directions and at depth.

“Drilling will be looking to ensure that Fingals Fortune underpins and further extends the life of mine at the Kal East gold project.

“This drilling will be included in ongoing Resource upgrades and the next round of studies.

“These programs support our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years Ore Reserves ahead of it.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Moho Resources Scores Surprise Gold Mineralisation Hits

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THE DRILL SERGEANT: Moho Resources (ASX: MOH) was surprised to find that drilling can lead to mineralisation.

Moho Resources reported it had encountered “additional unexpected high-grade gold assay results” from a diamond drilling campaign to infill and extend gold mineralisation at the company’s East Sampson Dam gold prospect in Western Australia.

The drilling intersected multiple zones of high-grade gold mineralisation in diamond drill hole SSMH0100, including:

7 metres at 4.78g/t gold from 51m, including 1m at 22.2g/t gold from 53m;
5m at 8.01g/t gold from 59m, including 1m at 23.5g/t gold from 60m;
2m at 6.91g/t gold from 77m; and
3m at 0.79g/t gold from 72m.

SSMH0100 discovered four new unexpected and significant gold intercepts outside of known mineralised zones.

The predominantly high-grade gold intersections appear to extend high-grade mineralisation previously discovered in MRC008, SSMH0067 and SSMH0091 into new areas.

This new mineralisation is found in saprolitic tuff with minor quartz veining and is in line with previous observations of there being no visible high-grade gold in the drill core.

“These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high-grade gold zones at Moho’s 100 per cent-owned East Sampson Dam prospect,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Legend Mining Confirms ‘Best Hole’ at Mawson Prospect

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) was always confident of what drillhole RKDD034 at the Mawson prospect within the company’s Rockford project in the Fraser Range of Western Australia could be.

Legend Mining has been able to back up this confidence with assay results from the massive sulphide intersected in RKDD034 demonstrating the thickest and highest-grade massive nickel-copper sulphide intercept at Mawson to date of:

31.1 metres at 2.8 per cent nickel, 2.04 per cent copper, 0.15 per cent cobalt from 200.7m.

The hole included nickel values up to 3.26 per cent, copper values up to 3.84 per cent, and cobalt values up to 0.17 per cent.

“These assay results are further confirmation of our earlier assessment that hole 34 is the best hole drilled at Mawson to date,” Legend Mining managing director Mark Wilson said in the company’s ASX announcement.

“The combination of the widths and grades of the massive sulphides in this hole support our conviction that we are dealing with a mineralised system of substance at Mawson.

“The purpose of the hole was to conduct Phase 1 metallurgical tests and the results of this test work will be reported once received.

“Meanwhile further assay results from 2020 drilling programs are rolling in for compilation and assessment.

“Once integrated with existing data, they will assist in future drill planning for the 2021 field season.”

RKDD034 was designed as a twin of discovery hole RKDD008 for Phase 1 metallurgical test work on a representative massive nickel-copper sulphide domain of the mineralisation identified at Mawson.

A total of 43.1m of massive nickel-copper was intersected downhole.

 

 

Web: www.legendmining.com.au

 

Azure Minerals Continues Andover Results Run

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has acknowledged the arrival of 2021 with further massive, semi-massive and matrix sulphide mineralisation hits at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals declared that massive, semi-massive and matrix sulphide mineralisation was intersected by drill holes ANDD0005 and ANDD0006 at the Andover project (60% Azure / 40% Creasy Group).

The holes returned nickel and copper assays within broad mineralised envelopes, including:

ANDD0005
6.7 metres at 1.98 per cent nickel and 0.86 per cent copper from 325.3m within 10.7m at 1.69 per cent nickel and 0.71 per cent copper from 325.3m which is within 18.7m at 1.35 per cent nickel and 0.68 per cent copper from 325.3m; and

ANDD0006
3.8m at 1.59 per cent nickel and 0.83 per cent copper from 377.3m and 1.2m at 2.31 per cent nickel and 0.64 per cent copper from 392.7m and 7m at 2.23 per cent nickel and 0.63 per cent copper from 411.35m which is within 19.2m at 1.47 per cent nickel and 0.41 per cent copper from 406.35m.

Azure explained that hole ANDD0004, when combined with 0005 and 0006, define a vertical mineralised section exceeding 120m, with the nickel-copper mineralisation remaining open in both up-dip and down-dip directions, as well as along strike to the east and west.

Azure has completed seven diamond drill holes at the Andover project, all of which have intersected broad mineralised intervals containing substantial nickel-copper sulphide mineralisation.

To accelerate the exploration and development of Andover, Azure has initiated an intensive diamond drilling program comprising two consecutive 15,000m drilling campaigns with the first phase designed to delineate the extent of the mineralised system with the second phase defining the deposit to JORC mineral resource standards.

Additionally, based on FLTEM surveying, 12 separate electromagnetic conductor anomalies have been identified within the Andover project area.

Drilling to test the highest priority conductors is planned to commence early in the first quarter of 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Apollo Consolidated Scores Infill Hits at Rebecca

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) has greeted the new year with an update on drilling activities at the company’s 100 per cent-owned plus-one million ounce-plus Lake Rebecca gold project east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated a continuation to the growth of the Rebecca deposit, with new zones of gold mineralisation encountered by ongoing infill and step-out Reverse Circulation (RC) drilling.

Latest results include:

RCLR0729
21 metres at 2.45 grams per tonne gold and 7m at 2.09g/t gold (STRONG INFILL TEST);

RCLR0730
11m at 2.17g/t gold, 9m at 1.79g/t gold, 5m at 3.27g/t gold and 4m at 2.37g/t gold in (EXTENDS HANGINGWALL ZONE);

RCLR0741
22m at 1.31g/t gold in (NEW FOOTWALL ZONE); and

RCLR0731
10m at 2.14g/t gold and 7m at 2.21g/t gold in (STRONG INFILL TEST).

Elsewhere, new step-out drilling at the Cleo discovery has extended mineralisation and a strong >0.2g/t gold anomalism, expanding the zone to more than 350m strike and up to 150m wide.

The anomalous footprint remains open in most directions, which the company has decided to continue drill-testing to determine if potential exists for Mineral Resources.

Throughout 2020, Apollo achieved strong results from infill and step-down Mineral Resource definition drilling at the Rebecca, Duchess and Duke deposits, and the identification of new mineralisation in under-explored areas.

Results currently remain pending for four diamond holes completed at Rebecca.

All drilling results are to be included in an updated Mineral Resource estimate the company has planned for completion by Q2 2021.

“Apollo is buoyed by the success of its ongoing drilling along the approximate 1.7 kilometres long Rebecca deposit, where the mineralised system continues to evolve and grow,” Apollo Consolidated said in its ASX announcement.

“Infill and step-out drilling has located extensions to mineralisation in expected geological positions, while exploration drilling has located important new near-surface mineralisation.

“The major Rebecca mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

“Apollo sees excellent potential to replicate existing mineralisation on continued drilling, particularly at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Estrella Resources Recommences Carr Boyd Drilling

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THE DRILL SEREGANT: Estrella Resources (ASX: ESR) is back out drilling at the company’s Carr Boyd Rocks (CBLC) nickel-copper project in Western Australia.

Estrella Resources is drilling to test the T5 discovery on the project further at depth and along strike.

The company outlined its timetable to include commencement at diamond core hole CBDD042 located approximately 150m south of discovery hole CBDD030 and 130m underneath CBDD041, which was its final drill hole of 2020 that intersected the interpreted ‘mineralised conduit confirming the T5 discovery over potential strike length of at least 450m.

The company considers the deeper diamond drilling of T5 essential from both a geophysical and geological perspective having a large relative mid-high conductivity EM response plunging away from initial discovery RC and diamond holes.

“Last year’s diamond drilling campaign at Carr Boyd was an outstanding success,” Estrella Resources CEO Chris Daws said in the company’s ASX announcement.

“We have discovered what is now clearly looking very much like a ‘feeder’ to the CBLC and the hunt is now well and truly on in 2021 to uncover the massive nickel and copper sulphide source I have always believed existed at Carr Boyd.

“The strongly mineralised conduit has been intersected in multiple diamond drill holes at T5 and providing our team with a clear geological model.

“With every hole that we drill we are one step closer to delivering a successful outcome for our shareholders and I am certainly looking forward to each and every meter of drill core that is placed on the core-farm racks.”

 

 

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

 

Venture Minerals Confirms Kulin Gold Mineralisation

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THE DRILL SEREGANT: Venture Minerals (ASX: VMS) recently completed a trenching program, over some high-order gold in soil anomalies at the company’s 100 per cent-owned Kulin project in Western Australia.

The trenching delivered substantial mineralised intervals of

KUT02
41 metres at 0.8 grams per tonne gold, including 31m at 1g/t gold; and

KUT04
20m at 0.6g/t gold.

The hits were encountered within mostly saprolitic granite.

Venture considers these broad, strongly mineralised gold zones in the trenches, not only confirm the soil anomalies, but also suggest potential exists for intersecting broad zones of gold mineralisation at depth, which a current diamond drilling program (in progress) is designed to test.

Once Venture has completed this initial diamond drilling program at Kulin, the rig will head to its Golden Grove North project, where it will target both extensions to the Orcus sulphide system as well as complete maiden drill holes, testing a number of the other newly identified, strong EM conductors situated along the 5-kilometre-long VMS Target Zone along strike to the Golden Grove zinc-copper-gold mine.

“The company is looking forward to generating drill results from Kulin in the coming weeks following the completion of its maiden diamond drilling program,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Venture will then immediately follow on with the continuation of drilling at its priority exploration project at Golden Grove North, as it looks to target extensions to the recent drill intersections of up to seven per cent zinc, 1.3 per cent copper and 2.1g/t gold at Orcus and other newly identified, strong EM conductors situated along the VMS Target Zone.

“This new phase of exploration in Western Australia is poised to generate significant news flow for shareholders over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au