TG Metals Recommences Drilling on Burmeister Lithium Discovery

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THE DRILL SERGEANT: TG Metals (ASX: TG6) wasted little time returning to drill on the recent Burmeister lithium discovery within the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

The drilling return is set to commence with RC drilling on the Burmeister lithium soil anomaly with a Phase 2 program to follow the Phase 1 program that yielded high-grade spodumene pegmatite intercepts.

The Phase 2 program will entail 13 RC drillholes on extensional positions and an initial 30 to 40 metres of diamond core tail on previously drilled RC hole TGRC0009.

Drilling is designed to target up dip and down dip extensions of known pegmatite positions and to test along strike and extensional positions in the north, south and west within the 4.5km x 1.7km Burmeister lithium soil anomaly.

“We are in a unique position of being able to move on quickly to this second phase of drilling,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“It’s critical that we continue with our targeted approach to exploring this significant newly discovered lithium pegmatite system and enhancing our understanding of its size and quality.

“The company looks forward to updating shareholders with ongoing drilling results and other Lake Johnston project exploration for the remainder of this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cooper Metals Commences Follow-Up RC Drilling at Raven and Brumby Ridge

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THE DRILL SERGEANT: Cooper Metals (ASX: CPM) has fast-tracked its next round of RC drilling on the Raven prospect within the company’s Mt Isa East copper-gold project.

The decision follows encouraging results from a scout drilling campaign carried out in October that intersected:

10 metres at 1.27 per cent copper and 0.17 grams per tonne gold from 77m and 3m at 1.46 per cent copper and 0.15g/t gold from 100m, both within a wider intercept of 44m at 0.48 per cent copper and 0.055g/t gold from 59m.

While there has only been a limited amount of drilling at Raven, the company considers it has potential to expand, based on its modelling of a VTEM anomaly of approximately 400m long and steeply dipping.

“As indicated last week, the company is fast tracking follow up RC drilling at Raven, where we intersected significant copper-gold mineralisation near surface in October,” Cooper Metals managing director Ian Warland said in the company’s ASX announcement.

“The drilling aims to extend the known mineralisation at depth and along strike, and we will also take the opportunity to complete some additional drill holes at the Brumby Ridge prospect.

“We look forward to updating the market in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Odyssey Gold Intersects Highway Zone 80m Below Existing Resource

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THE DRILL SERGEANT: Odyssey Gold (ASX: ODY) reported results from recent diamond drilling undertaken into the high-grade mineralised shoot at Highway Zone on the company’s Tuckanarra JV gold project in the Murchison Goldfields of Western Australia.

Odyssey Gold completed two holes in a follow-up diamond drilling program to test the depth extension of the high-grade Highway Zone shoot, both of which intersected the Highway Zone structure, returning results of:

CBRCD0151
7.35 metres at 9.5 grams per tonne gold from 271.65m, including 3.25m at 20.6g/t gold from 274.25m; and

CBDD0168
6.2m at 2.2g/t gold from 290.9m.

These intersections were encountered 80m below Odyssey’s existing shallow Mineral Resource of 5.32 million tonnes for 376,000 ounces at 2.2g/t gold.

“Odyssey’s geologists have generated a robust model of stratigraphic and structural controls of mineralisation at the Highway Zone,” Odyssey Gold managing director Matt Briggs said in the company’s ASX announcement.

“The mineralisation is very predictable allowing us to successfully intersect the Highway Zone with diamond drilling up to 120 metres below previous drilling and 80 metres below the existing resource.

“These are the deepest two intersections ever drilled on the mining lease.

“The intersections are 80 metres below the open pit resource demonstrating the potential for the rapid growth of underground resources on the mining lease in addition to the existing 376,000 ounce open pit resource announced in August.

“The Highway Zone has consistent thick oxide intersections at surface.

“Extending beneath the oxide are high-grade veins with strong plunge continuity as typical of deposits in the district.

“This is the first of a number of advanced underground targets to be tested in the project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Platina Resources Confirms Large-Scale Gold System at Hermes Prospect

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THE DRILL SERGEANT: Platina Resources (ASX: PGM) reported back from the first drill program using reverse circulation (RC) drilling undertaken at the Hermes prospect at the company’s Xanadu project in Western Australia.

Platina Resources declared the drilling to have confirmed the presence of a large-scale gold system over 600m by 600m open in all directions.

Platina drilled over 10 RC holes targeting multiple parallel zones of mineralisation it had identified in earlier field work.

The holes drilled were spaced approximately 100m apart to test the possibility of north or south dip of the structures.

The results demonstrated the mineralised zone to the south of the mapped 1km mineralised corridor at Hermes to be open along strike and dip in all directions with two of the holes intersecting well mineralised wide zones, including:

HERC009
15 metres at 0.88 grams per tonne gold from 20m, including 2m at 2.05g/t gold from 24m and 2m at 2.3g/t gold from 32m; and

HERC010
9m at 0.62g/t gold from 26m, including 1m at 1.3g/t gold from 28m and 1m at 1.27g/t gold from 33m.

The bulk of the campaign, however, was conducted within the main mapped 1km long mineralised corridor where five out of seven holes intersected wide anomalous gold values within a 35 to 40m wide corridor over an approximate 600m strike length.

Results included:

HERC007
15m at 0.17g/t gold from 60m; and

HERC004
3m at 0.68g/t gold from 38m, including 1m at 1.69g/t gold from 39m.

“Drilling shows wide scale gold mineralisation in a 600m x 600m area at Hermes which has all the right ingredients for a larger-scale system,” Platina Resources managing director Corey Nolan said in the company’s ASX announcement.

“The southern zone is looking particularly promising and will be the main target of future work now being planned.

“It was not extensively mapped in previous field work as the terrain was more challenging but it, along with the northern parallel zone, now warrants further attention due to the results of this campaign.

“Further technical assessment is also required to better understand what geological indicators could assist in identifying higher-grade zones within the system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

True North Copper Hits Encouraging Copper Numbers at Wallace North

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THE DRILL SERGEANT: True North Copper (ASX: TNC) recently completed an advanced grade control drilling program at the company’s copper-gold Wallace North project in Queensland.

True North Copper reported the drilling to have identified high-grade zones of copper and gold mineralisation, exceeding the current updated resource model (Indicated and Inferred of 1.59 million tonnes at 1.29 per cent copper and 0.93 grams per tonne gold).

Highlight results included:

WNR0019
2 metres (1.60m estimated true width [etw]) at 8.24 per cent copper, 13.24 grams per tonne gold from 29m, including 1m (0.8m etw) at 14.05 per cent copper, 25.7g/t gold from 29m;

WNR0088
17m (13.6m etw) at 2.64 per cent copper, 2.7g/t gold from 47m, including 3m (2.4m etw) at 10.31 per cent copper, 13.48g/t gold from 48m; and

WNR0068
6m (4.8m etw) at 5.26 per cent copper, 3.26g/t gold from 30m, including 3m (2.4m etw) at 8.36 per cent copper, 5.69g/t gold from 32m.

True North indicated results are still in the process of being interpreted, however its initial assessment appears to highlight multiple zones of higher grade than predicted.

The results are anticipated to have a positive impact on future resource estimation and open-pit designs.

“Results from the advanced grade control program further confirm our position Wallace North has the potential to deliver significant near-term value to the company, in an early production scenario,” True North Copper managing director Marty Costello said in the company’s ASX announcement.

“These initial results confirm and, in some cases, exceed expected grades from comparisons to the current resource model.

“Not only do they indicate the potential to increase grade within the existing block model but also the potential to increase the overall resource.

“With the return of all assays by the end of November 2023, mine optimisation and metallurgical studies will commence.

“These studies will assess the possibility of producing a copper-gold concentrate and will be finalised Q1 2024.

“Wallace North is on a fully permitted Mining Lease, which allows near term development options to be assessed during the optimisation study phase.

“The Wallace North resource is an important part of our Cloncurry project mining plans, with its near-term value reinforced through recent infill drilling and resource upgrade work completed across the resource.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Commences Gold Drilling at Star of Mangaroon

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) is undertaking a program of RC drilling at the Star of Mangaroon and Lead Gold Mines part of the company’s Mangaroon gold project in the Gascoyne Region of Western Australia.

Dreadnought Resources is drilling 21 holes for approx. 2000 metres at the Star of Mangaroon that have been designed to confirm and extend mineralisation along strike and at depth where historical drilling in the 1980s and 1990s returned encouraging intercepts.

Drilling of 10 holes for approx. 600m at the Lead Gold Mine hopes to define the controlling structures and location of the lode at depth with only historical shallow workings and no previous drilling to assist with guiding planned holes.

Dreadnought’s consolidation of the Mangaroon region began in late 2020 as the company looked to its nickel and high-grade gold potential that had been identified by a pastoralist who owned Mangaroon Station.

Dreadnought’s consolidated ownership has for the first time allowed for a comprehensive review of the high-grade gold potential in the region.

This is the first-time information on the historical workings and gold occurrences from such a wide range of sources has been compiled.

“Since adding the Mangaroon project to the portfolio in November 2020, Dreadnought has delivered multiple rare earth, critical metal and nickel-copper-PGE discoveries,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“But from day one, we have been keen to pursue and unlock the high-grade gold potential.

“With our 2021-2023 acquisitions of the Star of Mangaroon, Two Peaks, Pritchard, the Lead and the Diamonds Gold Mines, we have consolidated this historical gold field under one ownership structure, we have commenced the first ever systematic gold exploration program that the region has seen since gold was first discovered by pastoralists in the 1960s.

“This drill program marks the beginning of high-grade gold exploration at Mangaroon as we aim to deliver a trifecta of discoveries in three major commodities across the project.

“We look forward to delivering this program and the work ahead.

“Following this program we will roll straight into the follow up drilling at the Money Intrusion funded by First Quantum.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

VRX Silica Inks Farm-In and JV Agreement for Geothermal Exploration Permit

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THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has entered into a Farm-In and Joint Venture Agreement with Hydro X Gen Pty Ltd (HXG) covering the company’s granted Geothermal Exploration Permit (GEP) at Dandaragan north of Perth in Western Australia.

VRX Silica believes in the potential of geothermal technology to produce long term dispatchable renewable energy for the Mid-West region, including the company’s Arrowsmith silica sand projects.

For its part, HXG is planning to conduct an initial public offering and list on the Australian Securities Exchange as Steam Resources Limited in 2024.

VRX announced granting of GEP 44 in July 2023, which consists of eight contiguous blocks covering an area that includes the Walyering gas field currently under development by EP447 Joint Venture between Strike Energy 55% and Talon Energy 45%.

The company sees the project offering the opportunity to work with these gas companies and use extensive historical and current data to explore potential geothermal power options.

At the time, VRX said it expected such power options would support its silica sand projects and long-term ambitions to produce glass in Western Australia.

“This geothermal exploration initiative was undertaken by VRX Silica to support our silica sand projects and long-term ambitions for the production of glass in Western Australia,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“Geothermal energy is a reliable, long-term renewable energy source and we identified this opportunity for a new renewable energy industry in the Mid West.

“We are impressed by the credentials of Steam’s management team and look forward to working with them to realise the full potential of the Dandaragan geothermal project.

“In the meantime, VRX Silica continues work on the development of our silica sand projects at Arrowsmith, Muchea and Boyatup as we strive to become a leading supplier globally of high quality silica sand products.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Encounters New High-Grade Lithium Zones

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has identified further multiple, high-grade lithium via recent drilling at the company’s North American Lithium (NAL) operation (SYA 75%; Piedmont Lithium 25%) in Québec, Canada.

Sayona Mining reported the drilling has identified new mineralised zones outside the project’s current Definitive Feasibility Study (DFS) pit shell.

Lithium mineralisation inside the DFS pit shell continues to show continuity and consistency in grade and thickness, which the company has interpreted to indicate the potential for resource conversion, as well as resource definition below the DFS pit shell.

The company declared results from 57 new drillholes to have greatly increased the potential for a resource upgrade at what it described as being “the current single largest source of hard rock lithium production in North America”.

Recent results include:

LAN-23-015a
30.04 metres at 1.22 per cent lithium oxide (Li2O) from 132.12m;

LAN-23-017
26.8m at 1.1 per cent Li2O from 133.85m; and

LAN-23-019
45.2m at 1.03 per cent Li2O from 206.85m.

“These results are hugely significant for NAL, showing the potential for a resource upgrade at North America’s single largest source of hard rock lithium production,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Notably, some of the intercepts from this recent drilling program are thicker and higher grade than any previously encountered, increasing confidence in NAL’s mine life.

“We look forward to seeing the results from the remaining assays as we work to expand the NAL resource, further highlighting the importance of this operation for not only the joint venture partners but for the Abitibi Témiscamingue region as a key source of high-grade lithium for the battery and EV revolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cooper Metals Hits Copper-Gold in Two Untested Prospects

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THE DRILL SERGEANT: Cooper Metals (ASX: CPM) reported the latest assay results for the Mafic Sweats South and Raven copper-gold prospects at the company’s Mt Isa East copper-gold project.

Cooper Metals drilled the first of three holes into Raven, testing a coincident VTEM and geochemical anomaly, which intersected:

10 metres at 1.27 per cent copper and 0.17 grams per tonne gold from 77m; and
3m at 1.46 per cent copper and 0.15g/t gold from 100m.

Both intersections occurred within a wider intercept of 44m at 0.48 per cent copper and 0.055g/t gold.

The two other drill holes at Raven also intersected visual sulphides, for which assays are pending and expected later this month.

The drilling program encountered large low grade copper mineralisation at the Mafic Sweats South prospect that is open in all directions.

23MERC014
65m at 0.34 per cent copper from surface and ended in mineralisation.

Cooper Metals indicated RC drilling will be fast tracked at Raven in November.

“Intersecting significant copper-gold mineralisation near surface at Raven is exciting for the company and proof that our new targets generated with the use of geophysics and rapid geochemistry applied in this area is generating new discoveries,” Cooper Metals managing director Ian Warland said in the company’s ASX announcement.

“It’s early days for Raven and Mafic Sweats South, however drill planning is already underway to complete follow-up drilling at Raven later this month before the end of the field season.

“We believe a combination of coincident VTEM, the significant copper geochemical footprint and the recent drill results at Raven, make this a compelling target, which warrants fast tracked exploration drilling.

“Mafic Sweats South drilling returned a large copper oxide intersection open in all directions and has untested sulphide potential at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Intersects Lithium and Nickel Mineralisation at Kandui

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) reported assay results from recently completed Reverse Circulation (RC) drilling at the company’s Lefroy lithium project near Kambalda in Western Australia.

Maximus Resources carried out drilling on the Kandui nickel prospect and the Hilditch gold project, both located within the Lefory project.

The company recently entered a US$3 million (~$4.8 million) Farm-in Agreement for the Lefroy lithium project with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR).

KOMIR is a Korean Government agency responsible for their national resource security, including developing overseas mining and processing capacity to supply the Korean market.

Drilling at Kandui intersected zones of shallow dipping lithium-bearing pegmatites including:

KDRC007
6 metres at 1.11 per cent lithium oxide (Li2O) from 90m, including 3m at 1.99 per cent Li2O from 91m.

The Kandui drilling also encountered shallow broad zones of nickel sulphide mineralisation at the basal contact producing assay results of:

KDRC004
7m at 0.48 per cent nickel from 6m, including 1m at 0.91 per cent nickel, from 11m and 2m at 0.62 per cent nickel from 18m, including 1m at 0.81 per cent nickel from 19m; and

KDRC008
4m at 0.52 per cent nickel from 100m, including 1m at 1.02 per cent nickel from 125m.

All drill holes at Hilditch intersected gold mineralisation where Maximus now has a Mineral Resource update underway.

“This drilling program has revealed a new lithium-bearing pegmatite at Lefroy that was hidden under cover,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The previously unknown lithium-bearing pegmatite is a very exciting development, as we are about to launch the first phase of our drilling program across the Lefroy lithium prospect in collaboration with our KOMIR partners.

“Kandui is known to have several shallow dipping intrusive pegmatites, crosscutting the nickel mineralisation, and this discovery highlights the potential for more lithium-bearing pegmatites to be found across the large lithium anomaly to be drill-tested at Lefroy.

“In addition to the confirmed lithium potential, the nickel results at Kandui are very encouraging and provide strong validation of the effectiveness of the company’s geochemistry soil mapping program.

“All holes intersected nickel mineralisation proximal to an interpreted basal contact, and follow-up drilling is warranted.

“Lastly, the separate drilling at Hilditch Gold continues to be effective, with these and previous drill program results to be utilised for a gold resource update.

“Due to its shallow high-grade mineralisation, Hilditch has the prospect to be a near-term production source for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE