Golden Mile Resources Investigation Reveals Quicksilver Cobalt Potential

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) has been investigating high-grade cobalt results achieved from Stage Three Metallurgical testwork undertaken at the company’s 100 per cent-owned Quicksilver nickel-cobalt deposit near Lake Grace in Western Australia.

Golden Mile Resources has been reassessing its project portfolio, with priority on the Quicksilver Mineral Resource Estimate (MRE).

The company completed a high-level geological review, which included data validation and reinterpretation of the project.

This work is in its advanced stages and results deemed critical by the company in in any advancement to next phases of drilling at Quicksilver.

The geological reinterpretation is providing Golden Mile with insight into the potential controls on both the nickel and cobalt mineralisation.

Efforts thus far have identified a high-grade cobalt domain within the existing cobalt Mineral Resource.

Stage Three metallurgical testwork has demonstrated this high-grade cobalt domain may be amenable to upgrading via wet scrubbing, screening, and gravity separation, with concentrate grades of up to 0.85 per cent cobalt achieved.

“The upgrading of the cobalt has the potential to provide an additional high-grade concentrate to Quicksilver which is separate to the high-grade nickel bearing vermiculite and the magnetite iron concentrates,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“The cobalt domain is extensive and with it positioned on the interface of upper and lower saprolite horizons means it effectively sits at the top of the nickel laden saprolite.

“The ability to domain this zone for the updated Mineral Resource Estimate (MRE) will enable the value of this concentrate to be captured in the scoping study.

“The metallurgical testwork is showing that cobalt containing minerals within certain size fractions can be preferentially separated to a gravity concentrate.

“While there is more work to do there is the opportunity that this cobalt rich domain could be mined in conjunction with the nickel laden saprolite with separation into the concentrates occurring in the plant.

“The separation of a high-grade cobalt concentrate should effectively have minimal additional mining cost as the cobalt rich zone is mined on the way to the high-grade nickel zones below.

“Should a simple gravity separation step prove effective the recovery of a high grade cobalt concentrate would be expected to incur only an incremental processing costs.

“The value of additional high-grade concentrates cannot be understated in insulating the project from adverse market conditions and it’s on the back of excellent geological and metallurgical work that has been carried out over the previous 12 months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Great Boulder Resources Hits High-Grade Gold in First Saltbush RC Drilling

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) scored encouraging results from drilling carried out late 2023 at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources carried out surveys over the 14 kilometres Ironbark corridor before commencing a drilling campaign entailing five Reverse Circulation (RC) and five aircore (AC) holes at the Saltbush prospect.

Assays received for the RC drilling have confirmed high-grade gold mineralisation at Saltbush, returning results that included:

23SBRC002
9 metres at 5.2 grams per tonne gold from 15m, including 5m at 7.42g/t gold from 18m; and

23SBRC003
3m at 2.54g/t gold from 36m.

The result in 23SBRC002 is adjacent to an intersection reported by a previous owner, Esso Exploration and Production Australia Inc in 1986.

Great Boulder said the drilling indicates a similar geological setting to the Ironbark deposit (100koz @ 3.3g/t gold) with Saltbush one of many untested prospects along the +14km Ironbark corridor.

“We have been looking forward to drilling the Saltbush prospect for a long time, since we first took rock chip samples there in October 2022 and then found the nearby Esso RC drilling recorded in an old annual report from 1986,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“As a result it’s exciting to get confirmation of high-grade, shallow gold mineralisation in our second hole.

“We now have an AC drilling program underway in the same area, with 5,000m planned before we take a break to compile results and plan the next stage of drill testing.

There are a lot of highly prospective targets along the Ironbark corridor so we’re anticipating a lot of ‘new’ news-flow in the coming months.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Latin Resources Makes Third Salinas Lithium Discovery

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THE DRILL SERGEANT: Latin Resources has claimed a third major spodumene discovery within the company’s 100 per cent-owned Salinas lithium project in Brazil.

Latin Resources reported it has received high- grade assay results confirming the discovery at the Planalto prospect.

Assays received have supported the presence of coarse grained spodumene previously observed in drillhole SADD223 with 32.94 metres of intercepts (cumulative) encountered.

Highlights include:

SADD223:
9.25 metres at 1.21 per cent lithium oxide (Li2O) from 395.29m; and

16.14m at 1.29 per cent Li2O from 425m, including 7.14m at 1.63 per cent Li2O from 434m

“I am extremely excited by the progress we have made to date,” Latin Resources managing director Chris Gale said in the company’s ASX announcement.

“This past year has been a transformative period for our company.

“We have achieved significant milestones that not only reflect our commitment to excellence but also underscore our potential for future growth.

“2023 was a busy year for our Brazilian exploration team, resulting in a series of major upgrades and increases to our Mineral Resource of now over 70 million tonnes.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Great Southern Mining Hits New Southern Star Mineralisation Zone

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THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported assay results from RC drilling conducted in late-2023 at the Southern Star prospect, part of the company’s 100 per cent-owned Duketon gold project in Western Australia.

Great Southern Mining said the drilling has extended the down dip extent of the main zone of mineralisation at Southern Star, which currently extends over a 700-metre strike to a depth of around 160 metres below surface.

New zones of high-grade gold mineralisation detected up to 1.2 kilometres north of Southern Star along the same magnetic high trend where limited historical, shallow drilling has been carried out.

Intercepts include:

23SSRC010
13 metres at 2.16 grams per tonne gold from 57m, including 3m at 4.39 g/t gold; and

23SSRC008
3m at 4.33g/t gold from 127m, including 1m at 9.94g/t gold.

The Southern Star main zone mineralisation was also extended at depth with further high-grade gold intercepts including:

23SSRC004
2m at 2.74g/t gold from 126m and 13m at 2.52g/t gold from 144m, including 4m at 6.91g/t gold; and

23SSRC002
3m at 1.93g/t gold from 76m and 9m at 3.66g/t gold from 159m, including 6m at 4.63g/t gold.

“This was a small, but targeted drilling program aimed at testing depth extensions and distal targets to the main zone of gold mineralisation already defined at Southern Star,” Great Southern Mining managing director Matthew Keane said in the company’s ASX announcement.

“We are particularly excited about the new zones of mineralisation detected to the north.

“This opens the potential for gold mineralisation along a line of strike some 1.5 kilometres from Southern Star to the tenement boundary with Regis Resources.

“The company is poised for an exciting year of drilling at the Duketon gold project with high-grade drill intercepts to be followed up at the Southern Star, Golden Boulder and Amy Clarke prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Future Battery Minerals Firming up Big Red at Kangaroo Hills

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THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) reported assay results returned for the final holes from Phase 3 reverse circulation (RC) and diamond (DD) drilling at the company’s 100 per cent-owned Kangaroo Hills lithium project (KHLP) in Western Australia.

Future Battery Minerals’ earlier drilling at Rocky identified numerous pegmatites semi-parallel to and dipping below the Big Red pegmatite with visual observations of spodumene within these pegmatites leading to an expansion of the Phase 3 RC and DD drilling program.

Assays have now been received for the final 15 holes from the Phase 3 RC and DD program at the KHLP that have further increased the scale of the mineralised system, which remains open along strike to the north and at depth.

At Rocky, drilling and recent modelling of the pegmatites has demonstrated a highly continuous mineralised system commencing at shallow depths, albeit thinner and of lower average grade than the standout neighbouring Big Red pegmatite.

Assay results from the final batch of Phase 3 holes included the Rocky pegmatites plus wide eastern step out intercepts coincident with the near surface Big Red pegmatite, returning:

KHRC150
3m at 1.50 per cent lithium oxide (Li2O) from 37m and 1m at 0.5 per cent Li2O from 10m (Big Red);

KHRC147
1m at 1.00 per cent Li2O from 27m (Big Red East);

KHRC149
1m at 0.52 per cent Li2O from 119m Rocky);

KHRC146
1m at 0.72 per cent Li2O from 23m (Big Red East); and

KHRC154
1m at 0.31 per cent Li2O from 53m (Rocky).

“With receipt of the final batch of assays from the Phase 3 program at Kangaroo Hills, we are now sharply focussed on commencing drill testing of the area moving north from the Big Red / Rocky system,” Future Battery Metals technical director Robin Cox said in the company’s ASX announcement.

“Critically, the shallow, thick, high-grade lithium mineralisation at Big Red remains wide open along strike to the north and at depth.”

“In addition to Big Red Extension, the northern part of the KHLP also offers several other high-potential regional resistivity anomaly targets including Western Grey, Quokka, Big Red West, Big Red North, and Western Grey.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Encounter Resources Reveals Potential Shallow, Enriched Niobium-REE Mineralisation at Emily

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THE DRILL SERGEANT: Encounter Resources (ENR) reported remaining assays from the Emily prospect within the company’s 100 per cent-owned Aileron project, in the West Arunta region of Western Australia.

Encounter Resources drilled fifteen widely spaced, reconnaissance RC holes at the Emily target in October 2023, of which 10 were previously reported to have intersected carbonatite.

The carbonatite at Emily is variably anomalous in niobium and REE with shallow, high-grade niobium-REE intersected in two adjacent holes 400m apart.

A line of drillhole holes a further 400m to the east confirmed additional carbonatite and fenite alteration consistent with the margin of a primary carbonatite.

Assays have now been received demonstrating zones of strong, shallow REE enrichment with lower niobium concentration Encounter believes to deserve further investigation, including:

EAL058
14 metres at 0.91 per cent total rare earth oxide (TREO) and 0.05 per cent niobium from 28m.

“The first reconnaissance drilling at the Emily target has intersected mineralisation within a depth extensive primary carbonatite and associated shallow, enriched niobium-REE mineralisation in two adjacent holes which is potentially significant,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“The initial drilling at Emily also intersected the strongest REE mineralisation to date at Aileron.

“Follow up drilling at Emily will focus on the central part of the targeted magnetic low which is interpreted to represent favourable lithology for shallow, niobium-REE enriched mineralisation.

“Systematic, closer spaced drilling of this target has strong potential to yield additional zones of high-grade near surface mineralisation.”

Encounter has additional heritage surveys planned for early in 2024 to facilitate detailed aircore/RC drilling at Emily, as well as at the Green and Joyce targets.

Systematic drill testing the approximate one square kilometre area of the magnetic low at Emily is planned for May-June 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Astral Resources Encounters More High-Grade Gold at Kamperman

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THE DRILL SERGEANT: Astral Resources (ASX: AAR) has received results from diamond drilling completed at the Kamperman prospect at the company’s Feysville gold project near Kalgoorlie in Western Australia.

Astral Resources reported the results have delivered further high-grade gold intercepts across multiple holes.

The company is set to re-commence RC drilling mid-February to further evaluate this emerging high-grade gold system.

Best results include:

FRCD262
14 metres at 0.89 grams per tonne gold from 43m and 3.7m at 12.2g/t gold from 67.8m, including 1m at 41g/t gold from 70.1m; and

FRCD261
1.3m at 9.21g/t gold from 196.7m, including 1m at 22.2g/t gold from 196.6m.

Astral has already released other diamond drilling results in 2024 that had confirmed growth potential at Mandilla.

The company considers the latest results from Kamperman also demonstrate Feysville to be a genuine high-grade opportunity.

“The 2,500 metre RC program expected to commence in mid-February will be crucial in determining the potential scale of what is emerging as an exciting high-grade opportunity at Kamperman,” Astral Resources managing director Marc Ducler said in the company’s ASX announcement.

“The recent Mandilla Scoping Study demonstrated the substantial economic potential of our flagship gold asset.

“With further exploration success at Mandilla since the Study was completed and with the Kamperman prospect at Feysville now presenting as an additional potential high-grade ore source, Astral is progressing well with the ambition of becoming one of Australia’s next high-quality gold producers.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Hits Thick, High-Grade Gold at Mangaroon

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THE DRILL SERGEANT: Dreadnought Resources reported assays from 10 shallow RC holes drilled around the company’s Star of Mangaroon gold mine in Western Australia.

Dreadnought Resources said the drilling had returned thick, high-grade intercepts including:

SOMRC004
9 metres at 13.4 grams per tonne gold from 9m, including 2m at 59.4g/t gold from 16m;

SOMRC005
7m at 23g/t gold from 53m including 3m at 48.9g/t gold from 54m; and

SOMRC006
8m at 15.5g/t gold from 89m including 3m at 30.4g/t gold from 90m.

The company explained the drill program of 18 RC holes and 2 diamond holes was designed to confirm and extend mineralisation along strike and at depth from shallow historical drilling in the 1980s and 1990s which also returned high-grades.

“These results have confirmed the high-grade gold potential around the Star of Mangaroon and along the greater than 10 kilometres Mangaroon Shear Zone,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This comes from the now consolidated project being systematically explored using modern techniques for the first time.

“The Chrysos PhotonAssay technique is also providing more robust and reliable assessment of the nuggety high-grade gold mineralisation.

“Dreadnought’s consolidation of gold projects over the past two years is starting to bear fruit as we advance gold exploration across both Mangaroon and Central Yilgarn into 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

FireFly Metals Re-assays High-Grade Copper and Gold at Green Bay

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THE DRILL SERGEANT: FireFly Metals (ASX: AUT) has completed analysis for copper, gold, silver and zinc on historic 2022 drillholes at the company’s Green Bay project in Newfoundland, Canada.

FireFly Metals carried out analysis of 18 diamond drill holes completed in 2022 by the previous operator of the Ming Mine within the Green Bay project, which at the time were only assayed for copper by the previous operator.

The company said that in addition to the known high-grade copper, these new results have demonstrated quantities of precious (gold and silver) and base metals (zinc) in the high-grade VMS zone.

“These latest assays confirm there is extensive high-grade mineralisation well outside the existing Resource,” FireFly Metals managing director Steve Parsons said in the company’s ASX announcement.

“We are well into a major 40,000 metres underground drilling program designed to continue extending this known mineralisation.

“The underground exploration drive now being constructed will enable us to do this even faster, more accurately and more efficiently.

“This strategy is aimed at achieving rapid growth in the Resource, which will in turn confirm Green Bay is a major high-grade copper-gold project with extensive existing infrastructure in a tier-one location.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Zenith Minerals Increases Lithium Targets at Split Rocks

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THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) has taken a second look and likes what it sees at the company’s Split Rocks lithium project in Western Australia.

Zenith Minerals has combined new surface sample assays, a review of existing soil geochemical data and assessment of previous drill data, which has resulted in a total of 83 lithium targets being defined.

Targets identified include the untested Cielo lithium target (>9km long by 2km wide) as well as a further six targets said to contain pegmatite drill intersections up to 50 metres thick, that are classified as lithium, caesium, tantalum (LCT) pegmatites, which the company considers to further enhance the prospective nature of the Split Rock project leases.

The new targets all lie outside of Zenith’s Rio lithium deposit (11.9 million tonnes at 0.72% lithium oxide).

Zenith is gearing up for big drilling in 2024 with 318 drill holes fully permitted and ready, whilst Permits of Work are in place for a further 193 AC drill holes, covering Cielo and 14 additional targets.

“The technical team has now had time to reassess the way we target lithium pegmatites on our Split Rocks project,” Zenith Minerals managing director Michael Clifford said in the company’s ASX announcement.

“With some additional assays now to hand, and a significant review of the details of our extensive surface geochemical and drilling databases, we are now able to reclassify our lithium drill anomalies at Split Rocks, resulting in a total of 83 targets.

“The exercise reaffirms our strong belief in the prospectivity of the Split Rocks project area that has already delivered one JORC Mineral Resource.

“We very much look forward to January 2024 when we anticipate regaining full control of the project on a 100 per cent basis.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE