OzAurum Resources Reports Initial Mulgabbie North Mineral Resource Estimate

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THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) released the initial combined Mineral Resource Estimate (MRE) for the company’s Mulgabbie North gold project outside Kalgoorlie in Western Australia.

OzAurum Resources reported the Measured, Indicated and Inferred MRE of 11.6 million tonnes at 0.7 grams per tonne gold for 260,000 ounces at 0.3g/t gold cut-off.

The company highlighted 64 per cent of the MRE consists of measured and indicated ounces, which it considers to be a solid basis for the foundation of a Mulgabbie North heap leach scoping study.

“OzAurum has made excellent progress at the Mulgabbie North project achieving this significant milestone for the company within the short period of just two years since listing,” OzAurum CEO and managing director Andrew Pumphrey said in the company’s ASX announcement.

“The high standard of work that has been undertaken and maintained on all the various aspects and levels of activities that have been used to estimate this initial MRE gives us great confidence to move forward with this project.”

The Mulgabbie North MRE consists of five prospect areas all situated along the Relief Shear: James, Ben, Alicia, Demag Zone and Paleochannel.

The company considers there to be MRE expansion potential through future drilling that has potential to connect gold mineralisation between the James, Ben, Demag and Alicia prospects.

Recent re interpretation and relogging of AC drill chips undertaken by OzAurum has confirmed the Mulgabbie North paleochannel extends for over 3.8km and this will be targeted with future drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

ABx Group Increases REE Resource and Claims New Discovery

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THE DRILL SERGEANT: ABx Group (ASX: ABX) has increased the rare earth elements (REE) Resource at the company’s ionic adsorption clay rare earth project in northern Tasmania.

Abx Group announced a 30 per cent increase to the Northern Tasmanian-based Deep Leads and Rubble Mound ionic adsorption clay (IAC) REE Mineral Resource Estimate to 27 million tonnes.

The increase came on the back of assays from 36 drill holes, which the company claimed to have discovered new deposits, increasing the potential for mineralisation to extend over 16 kilometres to the earlier Wind Break discovery.

Of the 36 holes drilled, 69 per cent returned resource grade assays, which Abx noted to be above average for such wide spaced scout drilling in new areas.

“Our northernmost discovery hole, RM302, located five kiolmetres NE of Deep Leads could become our best prospect because it is 11 metres thick and enriched in permanent magnet rare earths, especially dysprosium (Dy) and terbium (Tb),” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“These are highly valuable rare earths and almost exclusively produced from IAC deposits.

“Hole RM302 also indicates that this IAC rare earth mineralisation could extend 16 kilometres to the Wind Break discovery in our new exploration licence application.

“In addition, it is important to note that the cost of extracting rare earths from IAC deposits is highly dependent on the desorption process conditions.

“‘Standard’ desorption conditions include 30 minutes at pH 4 (same acidity as apple juice).

“The ABx deposits have the highest reported extractions under these conditions for any IAC rare earth resource in Australia.

“For other deposits requiring more acidic conditions, the production cost is likely to be substantially higher.

“Not all clays are created equal and very few clay-hosted REE deposits globally are amenable to low-cost benign production methods.”

Abx said its recent exploration activity has increased the target area from 35 square kilometres at Deep Leads-Rubble Mound to over 100sqkm, which also covers the Wind Break discovery.

Subject to a new exploration licence application being granted, ABx indicated it will commence ground exploration of the area, which is anticipated to lead to exploration drilling programs.

ABx is being more selective and targeted in the types of deposits that it will test by drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Green Technology Metals Continues to Raise Confidence in Root Bay Lithium Deposit

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) REPORTED lithium assay results from the Root Bay deposit at the company’s 100 per cent-owned Root project in Ontario, Canada.

The Root project is located approximately close to GT1’s Seymour project and comprises several pegmatite deposits with varying degrees of exploration development and hosts a maiden Inferred Mineral Resource estimate of 12.6 million tonnes at 1.21 per cent lithium oxide (Li2O) from its advanced prospect areas McCombe and Root Bay.

Green technology Metals received assay results from Root Bay it claims to continue to demonstrate the consistency of high-grade mineralisation across the Root Bay deposit, including:

RB-23-1013
17.1 metres at 1.77 per cent Li2O from 71m;

RB-23-1014
17.2m at 1.74 per cent Li20 from 57.2m; and

RB-23-1009
19.6m at 1.50 per cent Li20 from 26.9m.

The company signalled drill testing is planned for the Eastern and Western strike, including its New spodumene discovery 1.4 kilometres along strike and west of the Root Bay deposit, which has extended the mineralised trend to over 2.7km.

To date, 45 holes for 7,668m have been completed from the planned 22,000m program with assays pending for 36 holes.

“We maintain a strong focus on advancing exploration efforts at the Root project, in addition to having multiple field teams engaged in prospecting activities, we currently have two drill rigs operating non-stop at Root Bay with the preliminary results continuing to instil confidence in our resource and validate the ongoing presence of consistent high-grade intercepts within the deposit,” Green Technology Metals CEO Luke Cox said in the company’s ASX announcement.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad Lithium Intersections at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced encounters with two further broad intersections of lithium mineralisation at the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals told the market recent drilling has confirmed broad mineralised zones extend for more than 1,200 metres along strike and down-dip from surface to vertical depths over 350m.

Mineralisation remains open along strike and at depth with the company continuing drilling activities to test along the northeastern and southwestern extensions of previously identified pegmatites.

Broad zones of lithium mineralisation were intersected in AP0011 pegmatite, including:

ANDD0223
101.3 metres at 1.21 per cent lithium oxide (Li2O) from 264.7m in (approx.95.5m True Width), including 64.1m at 1.63 per cent Li2O from 284.8m (approx.60.4m True Width); and

ANDD0221
100.2m at 1.24 per cent Li2O from 101.5m in (approx.92m True Width), including 28m at 1.86 per cent Li2O from 126.9m (approx.26m True Width), and 31.7m at 1.44 per cent Li2O from 170m (approx.29m True Width)

Another hole drilled near-surface mineralisation in the AP0012 pegmatite, returning:

ANDD0220
39.5m at 1.06 per cent Li2O from 2m (approx.33.6m True Width), including 9.9m at 1.7 per cent Li2O from 22m (approx.8.4m True Width)

Additional mineralised intersections included:

ANDD0224
13.6m at 1.12 per cent Li2O from 153.7m and 41.2m at 0.9 per cent Li2O from 177.4m; and

ANDD0225
32m at 1.5 per cent Li2O from 150.7m in, including 10.6m at 2.34 per cent Li2O from 160.2m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Corazon Mining Encounters Sulphide Zone in Lynn Lake Drilling

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) reported on recent drilling efforts at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining said drilling at the Fraser Lake Complex (FLC) within the project intersected a substantial sulphide body.

Corazon completed a two-hole drilling program at the FLC, located approximately five kilometres south of the historical Lynn Lake Mining Centre to test a geophysical anomaly defined by geophysical surveys completed earlier this year.

The initial drill hole (FLC-2023-057) into anomaly MTC3 intersected 55.4 metres of complex sulphide mineralisation, including metre scale intervals of massive sulphide, intermixed with semi-massive to disseminated style sulphide mineralisation.

Target MTC3 is a conductive geophysical anomaly Corazon defined via a 3D ground magnetotelluric (MT) survey.

A second drill hole (FLC-2023-58) tested the target near surface intersecting sulphide mineralisation between 22.4 and 26m down hole, with characteristics very similar to the mineralisation encountered within the core of the anomaly tested by hole FLC-2023-057.

“The most significant outcome from this drilling is proving that our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich ultramafic pipes,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“This drilling is the first in testing several similar geophysical anomalies, some of which link into areas of known nickel mineralisation.

“Although we have not previously seen barren magmatic sulphides associated with these rocks, the fine-grained nature of the sulphide mineralisation is atypical of the coarse grained Lynn Lake sulphide bodies, and as such we advise caution in assuming the tenor of nickel within the Sulphide Zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Charger Metals Confirms Spodumene Discovery at Bynoe

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported assay results from recent reverse-circulation (RC) drilling at the Enterprise prospect within the company’s Bynoe lithium project in the Northern Territory.

Charger Metals said the drilling had confirmed lithium mineralisation in spodumene-bearing pegmatites with results including:

CBYRC023
7 metres at 0.96 per cent lithium oxide (Li2O) from 107m, including 5m at 1.13 per cent Li2O from 108m; and

CBYRC024
16m at 0.65 per cent Li2O from 185m, including 1m at 1.91 per cent Li2O from 198m.

Charger Metals explained the two holes were drilled to test below a weathered pegmatite outcrop located near the centre of a lithium soil anomaly that defines the Enterprise prospect, which is located approximately 900m along strike from Core Lithium’s (ASX: CXO) Blackbeard prospect.

“It is great to see the assay results confirm the spodumene discovery at the Enterprise prospect, approximately 900 metres along strike from Core Lithium’s Blackbeard prospect, with significant lithium mineralisation correlating with logged intersections of spodumene-bearing pegmatites in the RC drilling,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“We look forward to testing the extents of this mineralisation with both RC and diamond drilling, with the first diamond hole at Enterprise (CBYD001) intersecting another 19.25 metres thick zone of spodumene-bearing pegmatite.

“In addition to the diamond drilling, two RC drill rigs will arrive on-site this week to commence a planned 5,000 metres drill program to test both new and existing lithium targets at Bynoe, including the high-priority 7Up prospect.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

QEM Limited Drilling at Julia Creek

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THE DRILL SERGEANT: QEM Limited (ASX: QEM) has kicked off its 2023 drilling campaign at the company’s Julia Creek vanadium project in Queensland.

QEM will be targeting 12 locations across its tenement package with a target depth of up to 80 metres implementing a multipurpose drilling campaign that will focus on resource exploration, groundwater bore installation, geotechnical analysis and waste characterisation.

The company indicated the campaign will consist of 12 exploration holes, two of which will be converted to groundwater monitoring bores, and four of which will be used for geotechnical analysis.

Overburden and core samples from a range of these holes will also be collected to commence waste characterisation analysis, as well as provide fresh core for further pilot plant testing and metallurgical test work.

“Previous drilling has given the company a sound knowledge of the project’s vast resource potential and the 2023 drilling campaign will represent a crucial step forward,” QEM managing director Gavin Loyden said in the company’s ASX announcement.

“The 2023 campaign is expected to build on that knowledge and identify further significant value to the project for our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT ON THE COMPANY WEB PAGE: CLICK HERE

 

Aruma Resources Claims Base Metals and REE Discovery at Saltwater Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) claimed discovery of rare earth elements (REE) and cobalt-copper enriched rocks at the company’s Saltwater project in the Pilbara region of Western Australia.

Aruma reported the discovery based on results from its first phase of surface sampling at Saltwater, which the company said had reaffirmed the project’s potential to host unconformity heavy rare earths (HREEs), while highlighting potential for Saltwater to host base metals deposits.

Results include:

AR12232
1158ppm total rare earth oxide (TREO) 25 per cent neodymium/praseodymium (NdPr)/TREO and 21 per cent HREO/TREO;

AR12291
1022ppm TREO 25 per cent NdPr/TREO and 27 per cent HREO/TREO;

AR12298
0.3 per cent cobalt, 0.23 per cent copper, 0.21 per cent zinc and 4 per cent barium; and

AR12299
0.27 per cent cobalt, 0.21 per cent copper, 0.2 per cent zinc and 3.9 per cent barium.

“The sampling program represents our first stage of on-ground REE work at the project, and the results have exceeded expectations, reaffirming our view of Saltwater’s potential for hosting unconformity HREEs,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“These initial results constitute a resounding success for our exploration approach thus far.

“Furthermore, the grades of the surface samples for base metals are exciting and provides an additional exploration focus at the Saltwater project.

“This potential will be further investigated in the company’s ongoing field work at Saltwater.”

The Saltwater Project consists of four granted Exploration Licences (EL52/3818, EL52/3846, EL52/3857 and EL52/3966) over a total area of 450 square kilometres located outside the regional mining centre of Newman.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meteoric Resources Expands Caldeira REE Project

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has entered into a Binding Option Agreement to increase its Ionic Clay REE Rights real estate holdings on licences in the Minas Gerais State of Brazil.

Under the Option Agreement, Meteoric Resources will gain the right to acquire the REE Rights to 18 Licences comprising five Mining Licenses, six Mining Licence Applications, six Exploration Licences and one Exploration Licence Application.

The licences have not been subject to previous exploration for REE and there is no technical data to report.

This has not fazed Meteoric, which said historic drilling of the Figueira Licence, that is adjacent to the main area of the proposed Option, demonstrates strong mineralisation which extends to the Licence boundary.

Meteoric believes it is highly likely REE mineralisation will continue into the new areas.

“This is another exciting potential addition to our Caldeira project in Brazil which will further consolidate our ground position in the southern portion of the Caldera,” Meteoric Resources executive chairman Dr Andrew Tunks said in the company’s ASX announcement.

“Following the release of our recent MRE which now stands at 409 million tonnes at 2,626ppm total rare earth oxide (TREO) at a 1,000ppm cut off, we have sought to further increase our landholding in this highly prospective region.

“The area that is the subject of the Option Agreement is of great importance as it will secure the western boundary of the Figueira Licence, which has an inferred MRE of 50 million tonnes at 2,811ppm TREO.

“Our resource work clearly demonstrates that high-grade mineralisation is present right up to the western boundary of the Figueira Licence and likely continues into key Licences now under Option.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources Set to Commence Drilling Multiple Prospects at Eyre

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) is gearing up to commence a Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Eyre Project near Norseman in Western Australia.

Larvotto Resources explained initial drilling will be targeting the project’s Merivale lithium and PGE geochemical and aircore drilling anomalies.

This is to include drilling of the Mt Norcott and Dickie Dyke nickel soil geochemical anomalies, both of which the company has identified as being prospective areas from regional geochemistry and field mapping.

From geochemical soil sampling conducted last year, Larvotto identified several broad lithium anomalies in an area known to contain pegmatite intrusions it interpreted to be similar to those located directly north at Liontown Resources (ASX: LTR) Buldania lithium resource.

Other activities identified robust nickel and copper geochemical anomalies at Mt Norcott associated with norite rocks within the Jimberlana Dyke which is known to host nickel, copper and PGE mineralisation.

An initial five deep RC holes will be drilled to test the area for base metal and PGE mineralisation.

“We have several reasons to be optimistic about what this program could potentially deliver at the Merivale, Mt Norcott and Dickie Dyke prospects,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The Merivale prospect has produced soil geochemical anomalies for both lithium and nickel in adjacent zones from our previous work.

“Initial aircore drilling under the soil cover then defined multiple lithium mineralised pegmatite intrusions and a discrete nickel zone in ultramafic rocks earlier this year.

“Now we know where they are, this round of drilling will test these zones at depth and penetrate the hard pegmatite zones that aircore drilling could not.

“We believe that the nearby strong nickel anomalous zones may also hold potential for PGEs as well as nickel at depth.

“Mt Norcott and Dickie Dyke are both well-defined nickel geochemical highs associated with the Jimberlana Dyke.

“Both also have the potential to be mineralised with PGEs.

“We look forward to the results from this initial RC drill program and updating shareholders as they become available.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE