Latin Resources Increases JORC Resource at Salinas Lithium Project

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) announced a 50 per cent increase to the Minerals Resource Estimate (MRE) at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Latin Resources increased the Salinas MRE via growth at the project’s Colina and Fog’s Block deposits.

This included a 41 per cent increase to the Colina deposit MRE to 63.5 million tonnes at 1.3 per cent lithium oxide (Li2O), which Latin Resources claimed places it amongst one of the largest scale Tier-One undeveloped lithium resources globally.

This combined with a maiden Inferred Resource Estimate defined at Fog’s Block for approximately 6.8 million tonnes at 0.9 per cent Li2O.

Latin Resources signalled its upcoming intentions for the two deposits, indicating 16 – diamond drill rigs will commence drilling in January 2024 at Colina and Fog’s Block, which is anticipated to expand through 2024 with a focus on upgrading the Colina MRE, leading into a DFS and testing the new Planalto discovery over the Salinas project tenure.

“What a great effort from our exploration team,” Latin Resources managing director Chris Gale said in the company’s ASX announcement.

“Another significant milestone met with our upgraded MRE to over 70 million tonnes.

“This project is fast becoming a Tier One lithium resource as we predicted.

“We are also very encouraged by the consistent uplift in grade as we infill drill.

“This is a great sign of a quality mineral resource.

“The increase in size of the JORC resource will have an extremely positive impact on our DFS economics as the resource increase allows us to evaluate building phase 3 of the project lifting output significantly.

“The lithium market sentiment is low at the moment; however, no one can say Latin hasn’t delivered what it has promised over the last two years.

“I thank the shareholders that have stuck with us through these difficult times!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Makes High-Grade REE Discovery at Destiny

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has made a clay-hosted REE system discovery at the company’s 100 per cent-owned Destiny project in the Eastern Goldfields region of Western Australia.

St George Ming acquired the Destiny project, originally called Woolgangie, earlier this year and in September commenced on-the-ground exploration activities.

The discovery came via recent drilling activity that intersected thick zones of high-grade Total Rare Earth Oxide (TREO) – up to 42m thick that has been shown to be hosted in a thick, near-surface clay zone confirmed by drilling over a 7km-long strike with mineralisation open in all directions.

Assay results include:

WGAC0001
8m at 1,673ppm TREO, 342ppm magnetic rare earth oxide (MREO) from 24m;

WGAC0026
30m at 1,885ppm TREO, 399ppm MREO from 20m, including 6m at 3,578ppm TREO, 755ppm MREO from 32m, and including 2m at 5,125ppm TREO, 1,199ppm MREO from 32m;

WGAC0030
42m at 1,832ppm TREO, 351ppm MREO from 12m, including 14m at 2,622ppm TREO, 515ppm MREO from 38m; and

WGAC0100
29m at 1,042ppm TREO, 200ppm MREO from 14m.

“These are ground-breaking results for the company in our first-ever drill program at the Destiny project, with high-grade rare earths confirmed along a seven kilometres-long strike of the Ida Fault,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The high grades returned in the assays are very exciting.

“Together with the scale of the prospective geology – which may extend for more than 70 kilometres – the potential of the project is impressive.

“Importantly, the assays show a high proportion of sought-after magnetic rare earths – a feature that could be a huge value driver for the project.

“The flat-lying nature of the REE mineralisation and the host clay zone allow for a fairly simple follow-up exploration program of drilling along strike as well as infill drilling.

“We want to be back drilling at Destiny early in 2024 to unlock the full potential of this exciting REE discovery.

“The REE project is complementary to our lithium and nickel assets, enhancing St George’s position as a high-impact explorer of multiple battery metals in the Tier 1 jurisdiction of Western Australia.

“The Destiny project covers 3,350 square kilometres and takes in more than 90 kilometres of the Ida fault – a regional scale crustal shear zone that is gaining increased interest as a control on major mineral deposits in Western Australia.

“We are excited to control more than 90 kilometres of the Ida Fault at our Destiny project – and another 30 kilometres strike at our Mt Alexander project – with advanced targets for lithium, rare earths, nickel and copper.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Alto Metals Defines New Sandstone North Gold Target

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THE DRILL SERGEANT: Alto Metals (ASX: AME) has identified a substantive gold and pathfinder element anomaly within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals reported the six kilometres long by 250 metres wide anomaly was defined via recent fine fraction soil geochemical sampling over the project’s Sandstone North area and is considered to be coincident with interpreted north-trending shear zones along a major regional fold axis.

“Our low-cost regional soils program has identified what appears to be a very large, structurally controlled gold target extending over six kilometres at Sandstone North,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“The gold anomaly is coherent with elevated levels of arsenic and lead – key gold pathfinder elements for structurally hosted gold mineralisation – that have also been identified over the six kilometres of strike.

“Limited drilling at Sandstone North, over only 300 metres of strike, has returned some exceptionally high-grade results, including 15 metres at 9.1 grams per tonne gold from 82m, including 3 metres at 32.1 grams per tonne gold which ended in mineralisation.

“The style of gold mineralisation is different to other parts of the Sandstone Greenstone Belt, with mineralisation hosted within sulphidic quartz veins in sediments, which is a similar setting to Goldfields high-grade Waroonga deposit at Agnew.

“The high-grade nature of gold mineralisation, structural setting and relatively under-explored area presents an outstanding regional target.

“Whilst the company remains focused on the Alpha Domina which hosts the current 832,000 ounces open pitable mineral resource, the Sandstone North target highlights the significant upside to the Sandstone gold project.

“Preparations are already underway for an initial approx. 5,000 metres of low-cost air-core drilling to commence early next quarter at this exciting new gold target, which has the potential to lead to the discovery of a significant, structurally hosted gold prospect, at Sandstone North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources Claims New Copper Discovery at Mt Isa

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) claimed a new copper discovery at the company’s Mt Isa project in Queensland.

Larvotto Resources reported results from recent RC drilling undertaken at the Yamamilla and IXL targets confirmed and extended known copper mineralisation at the Mt Isa project.

The company drilled the 2,100m Reverse Circulation (RC) program targeting copper, gold and cobalt that had been identified via Larvotto’s ongoing regional geochemistry and field mapping program.

The new copper discovery made at IXL sit along a mineralised N-W trend with initial drilling intersecting near surface copper mineralisation, returning:

IXLRC23003
20 metres at 1.03 per cent copper from surface, including 4m at 2.48 per cent copper from 12m.

Wide intercepts of copper mineralisation were encountered at the Yamamilla prospect, including:

YMRC23004
44m at 0.63 per cent copper from 48m, including 8m at 1.64 per cent copper from 84m.

“The recent RC drill program at our Mt Isa project has been very successful with significant results from the IXL prospect, where we intersected significant new zones of copper mineralisation from surface and a wide intercept of copper mineralisation at Yamamilla,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The IXL result has identified a new mineralised structure and has become a new priority target.

“At Yamamilla, it is encouraging to receive a shallow intercept of 1.64 per cent copper that will also require follow-up drilling.

“Both of these results highlight the significant exploration potential with multiple targets across the 900 square kilometres land area at our Mt Isa project.

“We look forward to keeping shareholders updated on Larvotto’s future exploration activity on this highly-prospective area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Horizon Minerals Completes Serious Goldfields Drill Campaign

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) has had the drill rigs turning and producing new gold drilling results from the company’s Greater Boorara – Cannon and Binduli project areas located close to Kalgoorlie-Boulder in Western Australia.

Horizon Minerals carried out several Reverse Circulation (RC) and Air Core (AC) drill programs focussing on new discoveries at the Cannon, Kestrel and Kanowna South prospects with infill resource drilling completed at Penny’s Find.

Two deep RC holes targeted the Northern Domain lode at Penny’s Find and returned the following results:

PFRC23012A
5 metres at 2.97 grams per tonne gold from 370m; and

PFRC23011
2m at 1.27g/t gold from 305m.

The company progressed the Kanowna South prospect with further encouraging gold results highlighted by recent drilling.

AC drilling at the new Falcon Prospect 500m northwest of the Kestrel prospect in the Binduli North camp consisted of five AC holes for 219m, producing results of:

FCAC23002
1m at 0.8g/t gold from 25m and 1m at 10.09g/t gold from 29m; and

FCAC23003
2m at 1.4g/t gold from 24m.

“Although early days, our Kanowna South gold prospect is starting to take shape, and discovering a strong sulphide link in some of the mineralisation could be a major turning point in our understanding of this prospect,” Horizon Minerals CEO Grant Haywood said in the company’s ASX announcement.

“We are also looking forward to further work on the conductor at Cannon, which lies immediately north and along strike of the proposed Cannon underground.

“In addition, follow up work at the Penny’s Find gold project shall allow us to provide an updated Mineral Resource Estimate in the current December quarter, and carry out mine design and financial analysis for a maiden Ore Reserve in the first half of 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Asra Minerals Drilling to Target Little Wonder Gold Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) is in preparation mode for a reverse circulation (RC) drilling program to be undertaken at the Little Wonder gold deposit, within the company’s Mt Stirling project near Leonora in Western Australia.

Asra Minerals explained the former gold producing mine forms part of its Northern Hub of projects, with drilling plans at Little Wonder aiming to evaluate the old mine site’s potential, test for mineralisation extensions along strike, and to better understand the gold mineralisation controls in the region.

Subject to approvals, Asra anticipates drilling to commence in Q1 2024 comprising an initial 10 to 12-hole RC program for approximately 2,000m.

Once both visual geological logging and analytical results are received, a plan for follow up drilling will be developed.

Little Wonder is one of 10 gold prospects within the Mt Stirling project.

“Asra’s gold assets at the Mt Stirling project are vastly under-explored, yet highly prospective with an existing 152,000 ounce JORC gold resource,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“During last week’s site visit, we confirmed the geological position of the Little Wonder deposit is directly comparable with large historical gold mine settings in the Leonora region situated along the same fault system.

“This region has recently produced 14 million ounces of gold from large operating mines including Red5’s King of the Hills site, Tower Hills, Thunderbox, Harbour Lights and Gwalia.

“It makes perfect sense to get the drill bit back into our ‘golden roots’ at Mt Stirling as the Australian and US gold price remains strong.

“Simultaneously, field teams are undertaking geochemical soil surveys for lithium mineralisation at Lake Johnston in our Southern Hub, and metallurgical work continues on our Yttria REE deposit in our Northern Hub.

“With a bolstered exploration team and new funding in the bank through our recent placement, we are excited to deliver exploration results on our gold and critical mineral projects in this highly prospective region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Metal Hawk Advancing Drilling at Yarmany Project

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) has been busy, exploration wise, at the company’s Yarmany project on the outskirts of Coolgardie in Western Australia.

Metal Hawk has already established the Yarmany project to host 50 kilometres of strike along the Ida Fault, a major regional structure on the western margin of Kalgoorlie Terrane, which is host to the Goldfields’ most significant lithium deposits including Delta Lithium’s Mt Ida project and Liontown Resources’ Kathleen Valley deposit.

The company’s completed its maiden aircore (AC) program of 148 holes for a total of 5,865 metres at the F-camp prospect area, designed to determine the orientation and the depth of weathering of several sparsely outcropping pegmatite units.

Although results from the aircore program are still to be received, Metal Hawk is already in site preparation mode getting set for deeper reverse circulation (RC) drilling, which will aim to effectively test a number of F-camp pegmatite target units beneath the weathering profile.

“Following the recent successful capital raising, we are very excited to get RC drilling underway this week,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“The aircore drilling program went very well and we believe it has helped us define the best parts of the large F-camp pegmatite swarm for bedrock testing.

“We are also very excited to be ramping up our extensive regional exploration program.

‘An extensive auger geochemical sampling program is now underway focusing on the southern half of the Yarmany project and this will help us quickly develop regional lithium targets for drilling in Q1 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Drills South Optimism

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further drilling results from the company’s Mt Isa portfolio in North Queensland.

This time, Hammer Metals reported new high-grade assay results from Reverse Circulation (RC) drilling completed in September at the company’s Hope South and nearby Mt Mascotte prospects.

The company said the drilling it carried out down-dip of previous intercepts at South Hope had highlighted the continuity of the high-grade mineralised zone, producing new assays including:

HMSHRC010
14 metres at 3.34 per cent copper and 0.72 grams per tonne gold from 113m within 34m 2.5 per cent copper and 0.49g/t gold; and

HMHSRC011
6m at 1.05 per cent copper and 0.28g/t gold from 114m.

Drilling also encountered a high-grade zone of mineralisation along strike at Mt Mascotte, producing:

HMMARC009
4m at 2.82 per cent copper and 3.84g/t gold from 104m.

“These outstanding results cap a highly successful drilling program and offer some great opportunities for further follow-up in early 2024,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The high-grade nature of the mineralisation at Mt Mascotte and South Hope provides further evidence of the attractiveness of these prospects, which continue to deliver significant wide high-grade copper intercepts from shallow depths.

“As the copper inventories of the region grow, these prospects offer good grades of mineralisation close to surface and will provide opportunities for future development of the deposits in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Flynn Gold (ASX: FG1) managing director Neil Marston at RIU Resurgence 2023

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Flynn Gold (ASX: FG1) managing director Neil Marston outlines the company’s recent progress to Wally Graham of The Resources Roadhouse while at the RIU Resurgence 2023 conference in Perth.

Great Western Exploration (ASX: GTE) managing editor Shane Pike at RIU Resurgence 2023

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Great Western Exploration (ASX: GTE) managing editor Shane Pike explains the company’s gold aspirations to Wally Graham of The Resources Roadhouse at the RIU Resurgence 2023 Conference in Perth.