Alto Metals Continues Indomitable High-Grade Gold Drive

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THE DRILL SERGEANT: Alto Metals (ASX: AME) armed itself for Diggers & Dealers by reporting further gold results from RC drilling at the Indomitable Camp, within the company’s 100 per cent-owned, Sandstone gold project in Western Australia.

Alto Metals completed a second phase of approximately 5,000m of RC drilling at Indomitable, targeting interpreted high-grade structures that it identified from drilling in late 2022 and testing extensions of the existing mineralisation in primary rock.

The latest assay results stem from one-metre photon assays relating to 18 RC holes drilled at Indomitable comprising a total of 3,234m at an average downhole depth greater than 200m.

The drilling intersected thick zones of shallow oxide gold mineralisation and high-grade gold mineralisation in primary mineralisation at depth, including:

Oxide

SRC944
15m at 3.1 grams per tonne gold from 32m, including 8m at 5g/t gold from 32m, including 1m at 22.2g/t gold from 33m;

SRC949
15m at 2.1g/t gold from 72m, including 5m at 5.4g/t gold from 79m and 1m at 18.9g/t gold from 83m;

Fresh

SRC960
11m at 1g/t gold from 159m, including 2m at 2.7g/t gold from 159m;

SRC959
6m at 2.2g/t gold from 193m, including 1m at 6.4g/t gold from 193m; and

SRC948
1m at 11.3g/t gold from 237m and 4m at 2.1g/t gold from 283m within a broad ‘halo’ of 34m at 0.6g/t gold from 275m.

“This second phase of drilling at Indomitable was, for the first time, targeting the interpreted high-grade structures at depth,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“The drilling has again intersected shallow high-grade gold in oxide including 15 metres at 3.1 grams per tonne gold, including one metre at 22.2 grams per tonne gold, but more importantly has intersected gold mineralisation of up to 10 grams per tonne gold in multiple shallowly dipping interpreted thrust faults in fresh rock at depth.

“Our drilling has shown that mineralisation remains open at depth with higher grades typically observed where these faults intersect the steeper plunging interpreted structures.

“We are awaiting assays for the final seven RC holes of this program.

“Following this we plan to commence diamond drilling for structural information, and continue further RC drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Musgrave Minerals Confirms Exceptional Break of Day Gold Grades

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) proved Ramelius Resources (ASX: RMS) was on the money by reporting grade control assay results from recent reverse circulation (RC) drilling undertaken at the company’s 100 per cent-owned flagship Cue gold project in Western Australia.

Musgrave Minerals carried out the drilling on the Starlight Lode at Break of Day within the Cue gold project as the final drilling stage prior to permitting, approvals and further development studies.

New RC drill intersections, including estimated true width (ETW), inside the current Minerals Resource Estimate (MRE) wireframe and in the Stage 1 PFS pit designs include:

23MORC208
19 metres (9.5m ETW) at 112 grams per tonne gold from 27m, including 3m (1.5m ETW) at 676g/t gold from 31m;

23MORC205
28m (13.8m ETW) at 68.5g/t gold from 21m, including 4m (2m ETW) at 410.6g/t gold from 34m; and

23MORC204
16m (7.9m ETW) at 78.5g/t gold from 28m, including 2m (1m ETW) at 520.8g/t gold from 31m.

“Following the strong financial metrics of the Stage 1 Prefeasibility Study in April 2023, the company has focused on extending mine life through exploration drilling, converting Inferred Resources within the confines of Stage 1 PFS mining envelopes as well as grade control drilling to de-risk the initial stages of open pit development,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Grade control drilling is aligned to this strategy.

“These infill grade control drilling results from the Starlight Lode at Break of Day focus on the early months of development to provide added certainty in forecasting and scheduling of future gold production.

“The results support, and are aligned with, previous data and continue to highlight the very high-grade, near-surface nature of the Break of Day gold system.

“Ongoing field activities are focused on further grade control drilling at Break of Day (Twilight and Velvet Lodes) and the high-grade White Heat deposit together with drill testing of new high priority gold exploration targets at Cue.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Kalamazoo Resources Collects High-grade Gold Rock Chip Samples

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THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) received encouraging high-grade rock chip sample gold assay results returned from the company’s Mt Piper gold project in Central Victoria.

Kalamazoo Resources received the results from mine waste rock samples collected at the Goldie North prospect within the project area.

The recent field investigation activities followed up earlier rock chip sampling by previous owners of the project at the Goldie North prospect that had defined high-grade gold mineralisation.

Kalamazoo’s work resulted in the collection of an additional 17 rock chip samples from mine waste rocks located adjacent to the Goldie North historical reef workings.

Of the 17 mine waste rock samples collected, three samples reported high-grade assay results of 74 grams per tonne gold, 72g/t gold (incl. visible gold) and 42g/t gold.

A further eight rock chip samples returned high-grade assay results ranging from 16.8g/t to 8.4g/t gold.

The associated multi-element assay data for these samples are still pending.

“The gold mineralised samples consist of micro-fractured quartz veins where fine grained visible gold is observed closely associated with micro-fractures in one of the high-grade samples,” Kalamazoo said in its ASX announcement.

“Whilst investigations are ongoing, the high-grade mineralised samples are coincident with the historical mine workings that appear to be associated with an interpreted approximately 60 metres long NNW-striking tensional link structure between two NE-striking structure.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Carawine Resources Gets Drilling at Big Bang Nickel Targets

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has drilling underway at the company’s Fraser Range project in Western Australia.

Carawine Resources has three holes planned for the 100 per cent-owned Big Bang tenement to test three conductors, with each hole designed as a reverse circulation (RC) pre-collar drilled to within approximately 100m of the modelled target depth.

These will be followed by diamond core drilled through the modelled target.

The targeted conductors are within three of nine target areas Carawine has identified at Big Bang, including seven target areas considered prospective for magmatic nickel-copper mineralisation.

The company also has MLEM surveying planned for one or more other Big Bang magmatic nickel-copper target areas BB3 and BB5, with timing dependent on the outcome of the current drilling program.

The drilling is co-funded by the WA State Government under its Exploration Incentive Scheme.

“The three conductors targeted by this program are from our first MLEM survey at Big Bang, which covered just three of seven areas identified as prospective for magmatic nickel and copper sulphides,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We look forward to the results of the drilling and expanding our exploration program across the tenement over the coming months.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

 

Fenix Resources (ASX: FEX) chairman John Welborn

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Fenix Resources (ASX: FEX) chairman John Welborn zoomed into The Resources Roadhouse to tell Wally Graham about the company’s recent achievements at its Iron Ridge iron ore project in the Mid West region of Western Australia and to provide an update on the acquisition of important infrastructure.

Lithium Universe (ASX: LU7) CEO Alex Hanly

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Lithium Universe (ASX: LU7) CEO Alex Hanly zoomed into The Resources Roadhouse to provide Wally Graham with an outline of the company’s upcoming listing on the ASX and its Canadian-focused lithium aspirations.

American West Metals Claims Canadian Copper Discovery

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THE DRILL SERGEANT: American West Metals (ASX: AW1) has claimed a new copper discovery at the company’s Storm copper project on Somerset Island, Nunavut, Canada.

American West Metals announced the discovery on the back of recent diamond drilling activities at the project that intersected thick intervals of copper sulphides demonstrating similarities to other sediment-hosted copper systems.

A total of 45.5 metres of visual sulphides intersected in drill hole ST23-01 comprising:

o 30.5m of breccia-style visual copper sulphide (dominantly chalcocite) within three zones associated with the shallow copper mineralisation of the 4100N Zone between 45m and 86m downhole; and

o 15m of visual breccia and vein-style copper sulphide (dominantly chalcopyrite) between 332m and 347m downhole – which was the first discovery intersection.

A second diamond drill hole, ST23-02, intersected a second and more impressive discovery intersection of:

o 37m of visual breccia-style copper sulphide (dominantly chalcocite) between 333m and 370m downhole.

“The first two drill holes have discovered a new copper deposit below the near-surface mineralisation with both holes intersecting thick intervals of copper sulphide at the same stratigraphic horizon,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“The drill holes were targeting the first of a series of extensive gravity anomalies that were defined earlier this year, and have intersected a thick, sulphide and organic- rich unit.

“We believe this to be the source of the gravity anomalism, and given the large spacing between drill holes and size of the modelled gravity anomalies, the potential volume of mineralisation is very significant.

“This is a major copper discovery.

“The scale of the opportunity is enormous, with airborne and ground gravity anomalies that extend for over 10 kiloetres to the east into our Blizzard and Tornado prospect areas.

“The RC drilling on the high-grade near surface deposits is also advancing rapidly, and we plan to give an update on the 2750N and 2200N Zone results shortly.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cazaly Resources Secures Large Landholding in Emerging Rare Earths District

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THE BOURSE WHISPERER: Cazaly Resources (ASX: CAZ) has joined the Western Australia rare earths hunt by securing over 1,000 square kilometres of ground within the emerging REE district of the Gascoyne Province.

Cazaly Resources has picked up a total of six tenements, that together form the Lyons project, which the company describe as being, “a very prospective package of ground in the Bangemall Basin”.

Four tenements were targeted and pegged by Cazaly around the Lyons River Fault and Talga Fault, with one of the four tenements now granted.

The remaining two granted tenements along the Lyons River Fault (E09/2671 and E52/4040), consolidate the Lyons project via an exclusive binding option agreement to acquire up to 100 per cent with private company Murchison REE Pty Ltd.

“The Gascoyne is emerging as a hot spot for rare earths and we are excited to have secured such a significant landholding in the region,” Cazaly Resources managing director Tara French said in the company’s ASX announcement.

“Importantly, the new tenements sit along the Lyons River Fault which is considered to be the conduit for mineralised fluids that formed the ferrocarbonatites which are host to the world-class Yangibana and Yin REE deposits.

“The structural complexity around the Lyons River Fault highlights the potential for further discoveries along this structure.

“This package represents an excellent opportunity with only limited historical exploration for lead, zinc, and manganese.

“A reconnaissance field trip has been planned to determine the best exploration methods to apply to this area to advance the project and delineate REE targets early.”

The tenure is in a good neighbourhood with Hastings Technology Metals (ASX: HAS) and Dreadnought Resources (ASX: DRE) REE projects located some 100 kilometres northwest from Cazaly’s tenement package along the Lyons River Fault.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Charger Metals Hits New Spodumene Pegmatite Intersections at Bynoe

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported encounters with intersections of spodumene-bearing pegmatites from both diamond and reverse circulation (RC) drilling at the Enterprise prospect of the company’s Bynoe lithium project in the Northern Territory.

Charger Metals said the recent drilling had defined spodumene-bearing pegmatite at the Enterprise prospect over a strike length of around 200 metres, which it explained as being typical of the known mineralised pegmatites in the Finniss region, in which the project is located.

The drilling of hole CBYD003 hit spodumene-bearing pegmatites up to 24m wide both along strike and down-dip from previously reported intersections.

The company said logging of the drill core from CBYD003 had suggested the spodumene is increasing in both grain size and abundance with depth, however, Charger qualified this by indicating further drilling is required to test this, as well as to test for extensions to the mineralisation at depth.

“It has been pleasing to see the spodumene discovery at the Enterprise prospect grow with new drilling intersections extending the mineralisation along strike and down-dip,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The strike is now approximately 200 metres long, which is typical of the strike of the known lithium deposits in the region.

“The observed increased grain size and abundance of spodumene in diamond hole CBYD003 is suggesting a potential increase in lithium grade at depth, and we look forward to continuing to test the depth extensions with further diamond drill-holes.

“Parallel to the drilling at Enterprise we are continuing to drill-test the many priority lithium targets within our tenure, beginning with the 7Up prospect, and we look forward to seeing the results of the drilling over the coming weeks.”

Charger previously defined the 7Up prospect as a strong lithium soil anomaly over 700m of strike which is coincident with outcropping weathered pegmatites.

The 7Up prospect lies on the same prospective structural corridor as Core Lithium’s Ah Hoy and Penfolds lithium deposits.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Global Lithium Resources Upsizes Manna Lithium Project Resource

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported an update to the Manna Mineral Resource Estimate (MRE) and contained lithium oxide content for the company’s 100 per cent-owned Manna lithium project located just outside Kalgoorlie in Western Australia.

Global Lithium Resources has re-estimated the MRE to include approximately 5,000 assay results from the company’s 2022 exploration program that missed out on inclusion before release of the previous MRE in December 2022.

The new data along with an improved internal resource domaining program has led to an increase in both lithium oxide grade and tonnage over and above the earlier Manna MRE.

The new MRE has resulted in:

A 24.1 per cent increase in total contained lithium oxide (Li2O) from 327,000 tonnes to 406,000 tonnes Li2O;

A 13 per cent increase in the Manna lithium project Mineral Resource grade to 1.13 per cent Li2O; and

A 10 per cent increase in the Manna lithium project Mineral Resource tonnes to 36 million tonnes.

“The company is excited with this significant Mineral Resource upgrade at our 100 per cent-owned Manna lithium project and it’s a great outcome following the extensive exploration program we undertook safely during 2022,” Global Lithium Resources managing director Ron Mitchell said in the company’s ASX announcement.

“I am delighted to report this increase in the overall tonnage and grade in the Manna Mineral Resource Estimate.

“This growing resource demonstrates that Manna has great potential to become one of the most important near-term lithium projects in Western Australia.

“The Mineral Resource upgrade at Manna provides us with a compelling base to further progress various studies for the project, with an additional Mineral Resource update expected in H1 CY2024, which will include the results of a 50,000 metres drilling campaign soon to get underway.

“2023 is shaping as another transformative year in the development of Global Lithium”.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE