Corazon Mining Hits High-Grade Cobalt at Mt Gilmore

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) released the first batch of assay results from an ongoing drilling program underway at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining has received assay results from five holes (MGRC041 – MGRC043 and MGRC045) completed at the priority Cobalt Ridge prospect.

The company declared assay results received from three of the holes to be highly encouraging, adding they have identified multiple cobalt-rich lodes within a broader package of mineralisation that identifies the Main Lode at Cobalt Ridge.

A highlight to date is a high-grade result of:

MGRC042
5 metres at 2.14 per cent cobalt within a broader intersection of 27m at 0.47 per cent cobalt from a down-hole depth of 49m.

Corazon has interpreted this result to have identified the faulted-off western extension of the Main Lode, saying it is highly representative of the main target at Cobalt Ridge.

“We are very pleased with these results,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“Cobalt Ridge is an intensely altered, structurally complex system and every drill hole helps us gain a greater understanding of this deposit.

“It’s a hole by hole process, however the results continue to validate and strengthen the company’s belief that Cobalt Ridge has the potential to host a significant sulphide-dominant cobalt deposit, the understanding of which can then be applied to the greater Mt Gilmore project area.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Impact Minerals Drilling at Mulga Tank

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THE DRILL SERGEANT: Impact Minerals has kicked off a reconnaissance aircore drill program at the company’s Mulga Tank project located north east of Kalgoorlie in Western Australia.

Impact Minerals said the program will test five targets for gold mineralisation and three targets for nickel-copper-cobalt mineralisation hosted in Archaean greenstones that was identified in magnetic and gravity data together with anomalous drill results from previous explorers and work completed by Impact.

The company said the previous work demonstrated that the style of mineralisation and the nature of the rocks in the greenstone belt are similar to those that host the one million tonne nickel deposit at Perseverance and the more than two million tonnes of contained nickel Mt Keith deposit near Leinster in WA.

Impact pointed out the project area occurs in the same geological terrain as the recently discovered Gruyere deposit of more than five million ounces of gold.

“Two of the five gold targets being drilled are conceptual analogues for Gruyere-style gold mineralisation, gold in quartz veins within a layer parallel granite intrusion,” Impact Minerals said in its ASX announcement.

“The other three gold targets occur over notable deflections in structures and with evidence of anomalous gold from previous explorers.

“The three nickel targets have been identified as prospective for komatiite and dunite-hosted nickel sulphide mineralisation.”

Impact claimed discovery of high-tenor nickel and copper sulphides at the Mulga Tank Dunite in its maiden drill program at the project.

The company has designed the current aircore program to test for gold and nickel dispersion along the unconformity between the basement and younger cover of sand and alluvium as well as testing for primary mineralisation in the fresh bedrock.

 

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

 

Middle Island Resources Encounters Promising Gold Hits at Sandstone

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) received final assay results for a Stage 1 infill diamond drilling program the company completed in July at its wholly-owned Sandstone gold project in Western Australia.

Middle Island Resources explained the drilling program comprised infill diamond drilling in the upper half of the tonalite deeps deposit at Two Mile Hill.

The drilling comprised seven drill holes (MSDD262-MSDD268) and included RC pre-collar and diamond drilling at the Two Mile Hill tonalite deeps deposit and was designed to infill existing diamond drilling within the upper half of the tonalite deeps deposit, extending from 140 metres depth (base of the open pit Mineral Resource) to approximately 420m depth.

Several intersections returned from the tonalite, including:

165 metres at 1.11 grams per tonne gold from 85m, including 7m at 4.73g/t gold from 123m, 5m at 6g/t gold from 142m and 10m at 3.34g/t gold from 202m depth; and

150m at 1.03g/t gold from 84m, including 34m at 1.85g/t gold from 96m depth.

A new zone of high-grade mineralisation was identified within the banded iron formation (BIF), returning:

5m at 21.9g/t gold from 339m, including 2m at 54g/t gold from 340m depth.

Shallow gold intercepts were also encountered within basalts along the north-eastern tonalite contact, of:

93m at 2.57g/t gold from surface, including 35m at 6.27g/t gold from 58m depth; and

9m at 5.23g/t gold from 85m depth.

“As anticipated from infill diamond drilling, the tonalite intercepts returned from the Two Mile Hill deeps gold deposit serve to confirm the earlier results,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“It is also extremely pleasing to identify a further significant new zone of pyrite replacement-style gold mineralisation within the BIF adjacent to the tonalite contact, particularly as it is somewhat divorced from the main tonalite body.

“It is also the first significant intersection identified within brecciated elements of the BIF package and one, of only a few, recorded in the more sparsely drilled Middle BIF unit.

“Utilising these results, resource modelling of the Exploration Target will provide a formal Mineral Resource the upper half of the Two Mile Hill tonalite deeps Exploration Target, provide better resolution on the distribution of gold mineralisation within the tonalite which, together with the recently completed ore sorting campaign and geotechnical findings, will facilitate a more robust assessment of the underground mining potential.”

 

Website: www.middleisland.com.au

 

Lithium Australia Confirms Sadisdorf Mineralisation

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THE DRILL SERGEANT: Lithium Australia (ASX: LIT) received results from a maiden drilling program carried out at the Sadisdorf project in Saxony, Germany.

Lithium Australia said the three-hole program confirmed historic results at the project, encountering consistent lithium mineralisation, as mica including:

SDDH-17-01T
78.51 metres at 0.51 per cent lithium oxide (Li2O) and 68.56m at 0.51 per cent Li2O; and

SDDH-17-02TA
78.09m at 0.48 per cent Li2O.

The drilling also hit intercepts of tin mineralisation including:

SDDH-17-02TA
19.4m at 0.65 per cent tin; and

SDDH-17-01T
2.09m at 0.72 per cent tin.

Additional tungsten mineralisation was encountered at depth, including:

SDDH-17-01T
1m at 1.65 per cent tungsten.

“Lithium Australia’s maiden drilling program at Sadisdorf confirms the polymetallic style the mineralisation and the conservative nature of current resource statements,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“We are advancing the Sadisdorf scoping study on the basis that our 100 per cent-owned SiLeach process can unlock the full potential of this style of mineralisation.

“The project location can take full advantage of the rapidly developing EV industry in Europe and has the potential develop a new industry for Germany.”

Lithium Australia explained that through its wholly owned subsidiary, Trilithium Erzgebirge AG, it is in the process of acquiring a 100 per cent beneficial interest in the Sadisdorf deposit, which it described as a mothballed tin mine within a greisen (altered granite) the pervasive alteration consisting of lithium micas.

The project presently contains an Inferred Resource of 25 million tonnes at 0.45 per cent Li2O.

Lithium Australia considers the recently-completed drilling program shows potential for future resource increases.

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

BCI Minerals to Sell Off Iron Ore Portfolio

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THE BOURSE WHISPERER: BCI Minerals (ASX: BCI) commenced a formal divestment process for the company’s iron ore asset portfolio, which includes Iron Valley, Kumina, Bungaroo South, Cape Preston East port rights and several other iron ore exploration tenements.

BCI Minerals described its iron ore assets as being one of the largest Pilbara hematite resource bases held outside the major Pilbara producers.

The company explained that following completion of a maiden JORC Mineral Resource estimate at the Kumina tenements in June 2018, it was approached by multiple parties expressing strong interest in acquiring Kumina and the other iron ore assets.

As a result, the BCI Minerals Board has resolved to undertake a formal process to explore the potential divestment of the entire iron ore asset portfolio, a decision it declared to be aligned with a stated intent of developing a salt and potash business as the primary focus in the near term.

BCI has appointed PCF Capital as corporate advisor and Gilbert + Tobin as legal advisor to support in the divestment process.

“Funds realised from the iron ore divestment process will enable BCI to rapidly progress the Mardie definitive feasibility study and maintain 100 per cdent ownership through to a target final investment decision date in late 2019,” BCI Minerals said in its ASX announcement.

“BCI will also be well placed to maximise its project interest through the Mardie development stage.”

 

Email: info@bciminerals.com.au

Website: www.bciminerals.com.au

 

Calidus Resources Identifies 1,000 metre strike Mineralisation from Surface at St George Shear

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) received results from drilling underway at the company’s Warrawoona gold project, located in the Pilbara of Western Australia.

Calidus Resources indicated the resource infill and extension program is being carried out with an aim to expand the current resource to underpin a pre‐feasibility study in 2019.

As part of this program, Calidus is testing high priority targets including the St George Shear that it considers to have potential to increase the Warrawoona resource.

According to the company. wide spaced RC drilling of the St George Shear prospect approximately 150 metres from the current 654,000 ounce Klondyke resource has demonstrated the potential to rapidly add ounces to its resource base.

Latest results include:

18SGRC008
8 metres at 3.9 grams per tonne gold from 0m, including 1m at 11.3g/t gold from 0m;

18SGRC012
11m at 1.53g/t gold from 28m; and

18SGRC013
6m at 2.27g/t gold from 88m;

“Our exploration program continues to deliver strong results and highlights the significant discovery potential proximal to the existing Klondyke resource,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“The shallow intersections highlight the near surface gold potential across the St George Shear structure and it’s potential to enhance the economics of any potential future development at Klondyke.

“This initial set of results from our first line of broad‐spaced holes across the St George Shear validates the geological targeting model and further boosts our confidence in the potential of the regional shear structures to deliver results.

“We will undertake further drilling within this identified 1,000 metre zone with an aim to bring St George into our global resource.

“We have just commenced RC resource upgrade drilling at the Copenhagen deposit as well as a diamond drill program testing an 800-metre-long continuous high‐grade structure lying at the base of the current Klondyke pit design.

“With three drill rigs now in operation we look forward to reporting results on a regular basis.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au

 

Aeris Resources Increases Kurrajong System

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) announced results from recent drilling completed at the Kurrajong prospect, part of the company’s Tritton copper operations in New South Wales.

Aeris Resources completed an initial six hole campaign as part of a broader regional exploration strategy targeting larger (10Mt+) deposits at Tritton.

Aeris said the Kurrajong high-grade massive sulphide mineralisation system has now been traced up to 800m down-plunge with the deepest drillhole completed to date, TKJD017 intersecting high-grade mineralisation 130m down-plunge from previously drilled.

Aeris said the latest result indicates the mineralised system is not abating at depth and may in fact be increasing in size.

Highlights of recent drilling include:

TKJD017
17 metres at 2.59 per cent copper, 0.3 grams per tonne gold, 7g/t silver, including 5m at 6.09 per cent copper, 0.83g/t gold, 20g/t silver; and

TKJD019
encountered 4m massive sulphides with visible chalcopyrite (assays pending).

Aeris conducted a downhole electromagnetic (DHEM) survey in TKJD017 and detected a strong conductive response in-line with the interpreted position of the massive sulphide shoot, giving confidence in the orientation and continuity of the high-grade copper mineralised system.

The company said the results from the current six hole drill program has exceeded expectations, with sulphide mineralisation intersected in five drillholes and massive sulphide intersected in four.

“The massive sulphide envelope has now been traced over 800m down-plunge and mineralisation shows no signs of abating along the plunge direction,” Aeris Resources executive chairman André Labuschagne said in the company’s announcement to the Australian Securities Exchange.

“Furthermore, several modelled EM conductors are yet to be fully tested.

“Based on current understanding, the EM conductors are likely to be associated with sulphide mineralisation indicating there is significant potential to increase the sulphide footprint with additional drilling data.”

 

Website: www.aerisresources.com.au

 

Intermin Resources Scores Good Gold Hits at Anthill

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced reverse circulation (RC) drilling results from the company’s 100 per cent-owned Anthill gold project located 54 kilometres northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources commenced Resource extension drilling at Anthill in June where a current JORC 2012-compliant Mineral Resource exists of 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold at a 1g/t cut-off grade.

Intermin carried out over 10,000 metres of RC drilling to a maximum depth of 200m at Anthill as part of a self-funded 2018 drilling program.

The initial results received from the drilling have shown strong mineralisation intercepted including:

AHRC18017
81 metres at 1.48 grams per tonne gold from 119m, including 2m at 11.9g/t gold from 132m and 15m at 2.24g/t gold from 139m;

AHRC18018
26m at 2.96g/t gold from 174m, including 1m at 17.9g/t gold from 194m;

AHRC18057
4m at 15.5g/t gold from 56m;

AHRC18004
15m at 1.79g/t gold from 48m and 4m at 1.91g/t gold from 80m;

AHRC18069
16m at 1.32g/t gold and 24m at 1.28g/t gold 56m;

AHRC18036
20m at 1.35g/t gold from 28m;

AHRC18068
4m at 7.65g/t gold from 52m;

AHRC18002
3m at 2.3g/t gold from 37m, 2m at 2.79g/t gold from 48m, 20m at 1.62g/t gold from 57m and 10m at 1.27g/t gold from 81m; and

AHRC18001
4m at 1.36g/t gold from surface, 1m at 2.23g/t gold from 43m, 1m at 6.07g/t gold from 121m, 2m at 7.08g/t gold from 130m and 10m at 1.11g/t gold from 143m.

Intermin explained the initial drilling focussed on extending mineralisation beyond the current resource envelope to the north and south for open pit mine development studies.

The drilling has increased the strike length at Anthill from 150m to over 350m and remains open in all directions.

Intermin has now commenced a 4,000m follow up program and 1,000m regional new discovery program with further results expected in the current September Quarter.

An updated Mineral Resource for Anthill is expected in the December Quarter.

“These initial results from Anthill are now clearly demonstrating the potential scale and quality of the orebody that continues to grow with each drilling campaign and certainly justifies our belief that the Zuleika shear can deliver new large scale open cut and underground gold deposits,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The company will continue aggressive extension and new discovery drilling at Anthill and looks forward to releasing an updated resource and continuing mine development studies.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Delivers Further Gold Hits from Binduli

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released further reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located nine kilometres west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources completed the follow up resource definition drilling, which produced 1m split assay results from the initial RC program undertaken at the Crake prospect comprising 25 RC holes that include:

BRC18020
23 metres at 4.16 grams per tonne gold from 61m, including 3m at 20.73g/t gold from 66m;

BRC18043
18m at 3.13g/t gold from 70m;

BRC18034
5m at 2.73g/t gold from 55m and 16m at 1.32g/t gold from 73m;

BRC18024
11m at 1.46g/t gold from 106m and 8m at 2.51g/t gold from 124m;

BRC18029
15m at 1.96g/t gold from 75m;

BRC18057
12m at 1.75g/t gold from 45m; and

BRC18033
1m at 5.39g/t gold from 32m and 5m at 3.01g/t gold from 41m.

Initial 4m composite RC results from the follow-up drilling program returned:

BRC18050
8m at 3.22g/t gold from 100m; and

BRC18065
8m at 2.19g/t gold from 40m.

Intermin Resources said the results show gold mineralisation occurs over a 360m strike length and remains open along strike to the north and at depth.

The company is continuing follow-up drilling at Crake with over 5,000m drilled to date and further results expected in the current September quarter.

An additional 30 holes for 3,000m is planned for testing extensions along strike and at depth with drilling to commence in September 2018.

A detailed geological review has been completed with high priority targets generated at the Coote, Darter and Honeyeater prospects with first pass drilling to commence in the December quarter.

The company declared Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries.

“These latest results have confirmed previous assays and are starting to demonstrate the potential scale and quality of the Crake prospect,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Step out drilling continues to deliver excellent width and grade and we will continue with aggressive extension drilling in coming months.

“The exploration team have done an excellent job at Crake and have now identified a further three high priority targets within the Binduli project area and we look forward to testing these targets in an area where little modern exploration has been undertaken.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Vango Mining Extends Trident with High-Grade Gold Intersections

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) has encountered further high‐grade, gold intersections from a recently completed extension drilling program at the Trident gold deposit, part of the company’s 100 per cent‐owned Plutonic Dome gold project in the Mid‐West region of Western Australia.

Vango Mining explained the program was designed to test deeper parts of the Trident mineralisation system, as well as further defining near surface oxide material on the western side of the deposit.

The drilling has intersected high‐grade gold mineralisation at a distance of 500 metres (down dip from surface) to the west of Trident’s high‐grade drill‐defined mineralised core, which the company has interpreted to indicate a second high‐grade gold system may have been discovered.

Results have been received for three diamond holes and four reverse circulation drill‐holes, including:

VTRRCD0028
3.5 metres at 10.9 grams per tonne gold from 349m, including 1.5m at 22.1g/t gold from 350m.

Vango explained drill hole VTRRCD0028 is the deepest of two deeper holes at Trident, which both intersected the mineralised Trident ultramafic approximately 400m (500m down dip from surface) west of Vango’s current high‐grade drill‐defined area, substantially extending the deposit’s high‐grade gold mineralisation system.

Other results were received from drilling of the near‐surface, western, projection of the Trident deposit, including intersections of:

VTRDD0030
2 metres at 4.9 grams per tonne gold from 37m, 5m at 1g/t gold from 44m and 3.4m at 3.4g/t from 68.6m, including 1m at 7.2g/t gold;

VTRRC0032
6m at 3.7g/t gold from 56m, including 1m at 16.2g/t gold, 6m at 1.9g/t gold from 24m, including 2m at 3.2g/t gold and 5m at 2.7g/t gold from 46m, including 2m at 4.9g/t gold;

VTRRC0033
4m at 1.1g/t gold from 43m and 2m at 2.2g/t gold from 58m in; and

VTRRC0034
2m at 1.4g/t gold from 24m.

An addition, a very deep hole, (VTRRCD0029), tested the system to around 1000m (down dip) to the west of the high‐grade gold mineralised core at Trident and showed the alteration system extending strongly with a 12m wide zone of biotite alteration.

“This has now been confirmed to be geochemically consistent with the upper parts of the deposit with strong anomalism in potassium, tungsten and molybdenum which are all introduced by the mineralising fluid,” Vango Mining said in its ASX announcement.

“Gold assays were low in this hole, but significant potential remains for gold mineralisation to extend to these very deep extensions of the Trident system.”

 

Website: www.vangomining.com