Impact Minerals Ramping Up Across Exploration Portfolio

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) signalled its exploration intentions with work to be ramped up over the next six months at four of the company’s 100 per cent-owned gold and base metal projects across Australia.

Impact Minerals has drill programs planned for the Commonwealth gold-silver-base metal project in New South Wales, the Clermont gold project in Queensland and the Mulga Tank gold and nickel project in Western Australia.

The work will also entail the first bulk samples taken at the Blackridge conglomerate gold project in Queensland, in which Impact recently acquired an option to earn 95 per cent.

“Following a recent strategic review of the company’s projects, eleven of the most prospective targets for gold and other metals across the exploration portfolio will be drill tested,” Impact Minerals said in its ASX announcement.

“Work will commence at Commonwealth and Clermont with drill rigs likely to be operating concurrently before moving on to Mulga Tank and Blackridge by about September-October.”

At Commonwealth, all statutory approvals are in place to commence follow up drilling at the Silica Hill Prospect where gold and very high-grade silver intercepts were returned from the previous drill program.

At Clermont follow up RC and diamond drilling is planned at five targets to test previous high-grade drill intercepts and rock chip and soil geochemistry anomalies.

At Mulga Tank in Western Australia, Impact has identified a number of gold and nickel targets for follow up work.

At the Blackridge conglomerate gold project also located near Clermont in Queensland, bulk samples will be taken at several places along the mineralised unconformity between the gold-bearing sedimentary units and the underlying basement.

A few drill holes may also be completed.

 

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

 

Intermin Resources Consolidates Yarmany Ground

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THE BOURSE WHISPERER: Intermin Resources (ASX: IRC) has moved to consolidate tenure for the Yarmany gold project, 65 kilometres west of Kalgoorlie-Boulder in Western Australia.

Intermin Resources’ Yarmany project area comprises five granted tenements and five applications.

Of these, ELA15/1655 and ELA 16/510 are recent applications that cover newly available ground contiguous with the company’s 100 per cent-owned Yarmany and Area 54 prospects.

Intermin now claims to hold a dominant position overlying the Ida and Reptile Shear zones and covering over 320 square kilometres.

Previous geochemical work completed by earlier owners identified numerous anomalies, many of which Intermin is yet to follow up.

The Iguana – Jamaica and Lizard gold mines along strike of the company’s tenure were developed between 2000 and 2009 producing 68,000 ounces of gold grading three grams per tonne and have current resources of 201,000 ounces.

Intermin has commenced data compilation and target generation for drilling in early 2019 upon final granting of applications.

“The consolidation of the Yarmany tenure is in line with the company’s strategy of acquiring quality assets on major geological structures contiguous with existing landholding and in close proximity to supporting infrastructure,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The area has had limited work completed in the last 20 years and was consolidated through pegging at very low cost.

“We see great opportunity for Yarmany to join Teal, Anthill and Blister Dam as a key growth project for Intermin in this world class gold producing region.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Musgrave Minerals Intersects Gold at Lake Austin North

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from a regional aircore/reverse circulation (RC) drilling program currently underway at the company’s Cue project in the Murchison District of Western Australia.

Musgrave Minerals is drilling to test 10 new high-priority gold targets at the Cue project with the latest results coming from the Lake Austin North gold target returning thick intervals of gold mineralisation in regolith over two wide zones (A Zone and B Zone).

The two parallel, mineralised gold targets have returned multiple thick gold intersections including:

18MOAC075
13 metres at 4.3 grams per tonne gold from 120m, including 7m at 7.1g/t gold from 126m to end of hole;

18MOAC077
42m at 1g/t gold from 112m to end of hole, including 18m at 1.9g/t gold from 130m;

18MOAC072
33m at 1.2g/t gold from 116m to end of hole, including 12m at 2.6g/t gold from 134m;

18MOAC074
60m at 0.67g/t gold from 90m including, 18m at 1.6g/t gold from 126m; and

18MOAC076
42m at 0.59g/t gold from 90m, including 6m at 2.1g/t gold from 120m;

The A Zone is situated on what the company considers a highly prospective sheared granodiorite-mafic contact in a similar geological setting to that seen at the Granny Smith gold deposit in the Eastern Yilgarn of Western Australia.

“This is a fantastic result and the thick extensive regolith gold intercepts in A Zone show a significant gold system is present at Lake Austin North,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The high grades intercepted in 18MOAC075 are also open to the south and show the potential for a high-grade primary source in unweathered rock.

“The A Zone mineralisation is still open in multiple directions where drilling is continuing.

“As part of this regional program, new gold mineralisation has now been identified at the Lake Austin North, Joshua, Lena North and Break of Day North targets.

“The results received to date reinforce the potential of the Cue project to host further high-grade gold deposits within this very prospective and well-endowed region with good infrastructure and numerous operating gold plants.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Global Geoscience Completes $53M Placement

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THE BOURSE WHISPERER: Global Geoscience (ASX: GSC) is $53 million richer following the completion of an underwritten institutional placement.

Global Geoscience said the placement was heavily oversubscribed, saying this reflected strong support for the company from a combination of existing shareholders and new high-quality institutional investors, and their collective interest in the company’s 100 per cent-owned Rhyolite Ridge lithium-boron project in Nevada, USA.

Global Geoscience said the equity raising will provide the company with the necessary funding to accelerate the development of Rhyolite Ridge by funding the:

Completion of feasibility studies;
Drilling to infill and extend the current resource; and
Ongoing working capital and potential long lead time items.

“The Rhyolite Ridge Definitive Feasibility Study (DFS) and environmental approval process are anticipated to be complete by 2H19,” Global Geoscience said in its ASX announcement.

 

Website: www.globalgeo.com.au

Metalicity Identifies New Greenbushes Lithium Targets

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THE DRILL SERGEANT: Metalicity (ASX: MCT) announced the identification of two extensive lithium target areas and several point anomalies at the company’s 100 per cent-owned Greenbushes North lithium project, along strike from the world class Greenbushes lithium deposit in the South West of Western Australia.

Metalicity recently undertook activities involving geochemical sampling methodology that was designed and employed based on previous successful laterite sampling programs.

The company declared the program had confirmed the technique is appropriate to discover lithium and tantalum bearing pegmatites in laterite-covered areas at the world class Greenbushes lithium deposit.

The geochemical sampling program at Greenbushes North covered an area of around 132 square kilometres and highlighted two priority lithium target areas which may indicate buried LCT type pegmatites.

“The exploration program has identified important criteria for the discovery of buried LCT-type lithium pegmatites similar to those which host the world class Greenbushes deposit,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Firstly, the sampling methodology used identified two significant lithium index anomalies and secondly the clustering of these anomalies located over the same fault zone which controls the Greenbushes deposit.

“The anomalies cover an extensive total area of approximately 30 square kilometres and exploration teams are being mobilised to progress work programs at these new prospects.”

 

Website: www.metallicity.com.au

 

Alto Reviewing Gold Mine Potential

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THE BOURSE WHISPERER: Alto Metals (ASX: AME) is conducting a review to ascertain the potential of the historic Oroya Black Range mine, approximately 500 metres east of the Sandstone township in Western Australia.

Alto Metals has carried out drone imagery along with other activities that include the capture of drill hole data into a digital database.

The company currently has digitising of historic level plans in progress.

The historic underground Oroya Mine is reported to have produced a total of 420,000 tonnes at 16.48 grams per tonne gold for 220,000 ounces of gold.

Alto Metals believes the Sandstone Reef of the Oroya Mine could represent a potential high-grade target at vertical depths of 300 metres below surface.

The company has a goal at Sandstone for the delineation of a plus-1 million ounce JORC 2012 Mineral Resource it hopes could become the basis for a re-establishment of standalone oxide and primary gold mining and milling operations at the project.

Alto also announced it has received assays for 197 samples collected in April 2018 south of the Bull Oak pits, six kilometres south east of the township of Sandstone.

“Assays from these samples have defined a coherent 30 parts per billion (ppb) gold-in-soil anomaly over 1.3 square kilometres which requires follow up,” Alto Metals said in its ASX announcement.

“Gold analyses for the remaining 282 soil samples collected in the area, which flank the anomalous gold-in-soil anomaly, are expected within two weeks.”

 

Email: admin@altometals.com.au

Website: www.altometals.com.au

 

Sheffield Resources Receives Minister’s Favourable Determination

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THE BOURSE WHISPERER: Sheffield Resources (ASX: SFX) received the nod from the Western Australia Minister for the Environment for the company’s Thunderbird Mineral Sands project.

Sheffield Resources received the favourable determination after the Minister considered appeals to the Environmental Protection Authority (EPA) recommendations published in October 2017.

The Minister dismissed all appeals on the Works Approval and the majority of appeals on the EPA Report.

Sheffield said it was comfortable with the proposed minor changes to conditions.

“This is a great outcome for our shareholders, the local Kimberley communities and is another significant step towards the development of Thunderbird,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

“We look forward to finalising the State consultation process over the coming weeks before concluding the Federal environmental approval which is expected in early Q3 2018.”

 

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au

 

Lithium Australia Acquires European Lithium Resource

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THE BOURSE WHISPERER: Lithium Australia (ASX:LIT) announced it is to, subject to regulatory requirements, acquire 100 per cent of the Sadisdorf lithium/tin resource from Tin International AG.

Lithium Australia said the acquisition of Sadisdorf provides the company a unique opportunity with the potential to develop a domestic European lithium supply, synchronously with the establishment of lithium-ion battery (LIB) production capacity on the Continent.

The company indicated that on completion of the Sadisdorf acquisition, it will accelerate its development plans with a view of completing a scoping study by October 2018.

The scoping study will run in parallel with evaluation of nearby cobalt mineralisation, development of the company’s registered SiLeach technology, and downstream processing to LIB cathode materials.

Consultant CSA Global has estimated that the Sadisdorf project has an Inferred Mineral Resource of 25 million tonnes grading 0.45 per cent lithium dioxide (Li2O)

Lithium Australia said this lithium is contained within lithium micas within alteration around tin mineralisation, the latter being the subject of historic mining.

The company claims the lithium micas can be readily concentrated after the removal of tin by conventional gravity separation.

Lithium has been successfully extracted from Sadisdorf mica concentrates using LIT’s SiLeach process.

“Acquisition of Sadisdorf is a key component of our European energy metal supply strategy,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“SiLeach® is the only practical means of realising the full potential of deposits of this type where value can be recovered from the lithium, tin, potassium and other valuable by-products.

“Our recent cobalt exploration success in the region is testimony to the latent potential of Saxony as a supply centre of the European battery industry.”

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

Blackham Resources Extends Golden Age High-Grades

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announced drilling at the company’s high-grade free milling Golden Age orebody has extended mineralisation beyond current mining areas.

Blackham Resources drilled 19 surface RC holes and 30 underground diamond holes throughout March to May focused on extensions to the Golden Age deposit.

Drilling of the Golden Age lower extensions encountered mineralisation 150 to 300 metres below the current mining levels:

GARD0033
6.9 metres at 15.5 grams per tonne gold; and

GARD0036
2m at 11.8 g/t gold.

Surface drilling at Golden Age North intersected high-grade shallower mineralisation amenable to both open pit and underground mining of:

WURC0577
2m at 28.3g/t gold from 75m 57;

WURC0583
6m at 7.97g/t gold from 106m and 1m at 6.14g/t gold 54;

WURC0579
8m at 5.82 g/t gold from 87m 47;

WURC0601
7m at 1.52 g/t gold from 12m and 14m at 1.26g/t gold 28;

WURC0567
7m at 2.97 g/t gold from 80m 21; and

WURC0575
4m at 4.24 g/t gold from 94m 17.

Infill drilling extended remnant mineralisation currently being mined, including:

GAGC0244
2.1m at 43.6g/t gold and 1.1m at 7.28g/t Au 97;

GAGC0243
6.5m at 8.88g/t gold and 2.8m at 5.81g/t Au 74;

GAGC0233
5.1m at 4.15g/t gold 21;

GAGC0238
1.1m at 17.4g/t gold 19; and

GAGC0241
2.1m at 7.87g/t gold 16.

Blackham Resources indicated the Golden Age drilling program is to be extended further with a view to both lengthening the mine plan and increasing the mining rate at Golden Age.

The free milling resources and reserves are currently being updated to incorporate recent Wiluna and Golden Age drilling results.

“Blackham is pleased to announce new drill results from our high-grade Golden Age orebody which have identified significant extensions to mineralisation within 200 metres of existing underground development,” Blackham Resources executive chairman Milan Jerkovic said in the company’s announcement to the Australian Securities Exchange.

“Based on the highly encouraging intercepts, planning has commenced for further drilling to better define the mineralised extensions and to support early underground development to provide additional high-grade ore to feed the Wiluna gold plant, which last quarter produced 20,631 ounces at AISC $1,092 per ounce.”

 

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au

 

Aruma Resources Hit Gold in First Phase Three Hole

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has encountered sulphide mineralisation in the first hole of a Phase 3 drilling program currently underway at the company’s 100 per cent- owned Slate Dam gold project in the Eastern Goldfields of Western Australia.

Aruma Resources is undertaking a reverse circulation (RC) drilling program across a total of 25 holes with planned drilling depths of up to 150m.

The drilling has been designed to further expand the Slate Dam gold mineralised system, and to test for repetitions of mineralisation to the east and west of the current drill defined area.

Aruma informed the market that it completed 1,894m of drilling in 16 holes in the current program to date, which has delivered highly encouraging initial observations with sulphide-carbonate alteration, in the form of pyrite-ankerite, intersected over a 26m zone in the first hole (SDRC64) – and pyrite also identified in a further seven of the sixteen completed holes to date.

“The successful intersection of sulphide-carbonate in the first hole of our current drilling program at Slate Dam is most encouraging and is consistent with our model for the project to host a significant sediment-hosted gold system,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“The presence of strong pyrite in hole SDRC6 provides a strong indicator of gold mineralisation, and, subject to assay results, will provide further continuity of gold mineralisation through the system and also expand the mineralised system at Slate Dam – which was a key aim of this phase of drilling.”

 

Email: info@arumaresources.com

Website: www.arumaresources.com