Kin Mining Air-Core Results Extend Eastern Corridor

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent air-core (AC) drilling in the Eastern Corridor area of the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining said the assays complement previously reported AC drilling results from the Collymore prospect in 2020 and results from a recently completed extensional AC program.

The company declared the latest results provide further evidence of an extensive, continuously mineralised corridor spanning the entire five kilometres strike extent between the Cardinia Hill, Helens, Rangoon and Collymore prospects.

The latest results include intercepts interpreted to have defined extensions to two parallel mineralised trends north of Rangoon in the Eastern Corridor.

KIN has interpreted results from between Rangoon and Collymore to have confirmed the continuity of the mineralised structures between the Rangoon deposit and the Collymore prospect.

This has been determined from intercepts such as:

CR23AC415
16 metres at 0.57 grams per tonne gold from 56m; and

CR23AC419
6m at 0.81g/t gold from 60m to EOH.

“We are pleased with the consistently strong results generated from the recent air-core drilling program, following on from the initial results released on 1 June between Rangoon and Collymore and further results released on 13 June between Helens East and Cardinia Hill,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest results confirm that a number of newly discovered mineralised positions within the Eastern Corridor have geological continuity of mineralisation, confirming these areas as priority targets for follow-up RC drilling and highlighting extensions to previously intersected quartz pyrite mineralisation.

“These results have very similar characteristics to those seen at all deposits within the Eastern Corridor – where the combination of anomalous soil geochemistry at surface followed by broad-spaced, ore grade AC results in the oxide and regolith zone in the right geological environment has frequently led to the discovery of sizeable gold deposits at depth when tested with RC and diamond drilling.

“Based on these similarities, we’re very much looking forward to testing the emerging additional mineralised positions with deeper drilling.

“The Eastern Corridor – where Kin has focused most of its exploration efforts over the last 18 months – is emerging as a large, multi-faceted mineralised gold camp.

“It already hosts a very significant mineralised position, with Mineral Resources totalling 475,000 ounces at 1.42 grams per tonne defined so far, mainly at the Helens-Rangoon, Helens East and Cardinia Hill deposits, the three most recent discoveries.

“With these latest results suggesting that the two kilometres strike extent between Collymore and Rangoon may be continuously mineralised – opening up the possibility of significant additional targets along this corridor – we believe that the growth potential in this area for more discoveries of similar size and grade is exceptional.”

 

 

 

Hammer Metals to Re-Acquire Mt Dorothy Copper REE Project

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THE BOURSE WHISPERER: Hammer Metals (ASX: HMX) is to earn an 80 per cent interest in the Mount Dorothy and Cobalt Ridge projects, two copper and critical elements projects located in the Mount Isa inlier region of Northwest Queensland.

Hammer Metals announced it has entered into a binding term sheet with Element Minerals Australia, a subsidiary of Global Energy Metals Corporation (GEMC), to complete the deal.

The deal has a sniff of Deja-vu for Hammer, which had originally sold the prospects to GEMC in 2019 as part of its divestment of the Millenium cobalt project.

Hammer’s rethink came via its copper-rare earth discovery at the nearby Hardway prospect, and the exploration results from Mount Dorothy by China Yunnan Copper Australia Ltd in 2011 that it considers to suggest similarities in the mineralogy of the Hardway and Mount Dorothy mineral systems.

“Hammer is pleased to have reached agreement with Global Energy Metals to re-take majority ownership of these tenements,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“We believe the prospects deserve further exploration and will complement Hammer’s already impressive project inventory in the world-class Mt Isa district.

“We are confident in the opportunity that the Mount Isa region presents for minerals that are critical for Australia’s future and we are determined that Hammer will play a leading role in this region in helping to secure the raw materials needed for batteries and new energy technologies through projects like Mt Dorothy and Cobalt Ridge.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Caprice Resources Generates New Mukinbudin REE Targets

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) is enjoying exploration results recently achieved at the company’s Mukinbudin Rare Earth Element (REE) project in Western Australia.

Recent results from ongoing soil and rockchip sampling delineated three new targets, with coherent elevated REE results at the Hadrian’s, QC3 and Quarry prospects.

This is in addition to a 1,000 metres long REE soil anomaly already defined at Gadolin.

Caprice explained the Hadrian’s prospect to have similar geological and geographical characteristics to Gadolin, with an outcropping quartz ridge and associated alteration, in close proximity to a porphyritic granite outcrop.

Results for a single sampling traverse have yielded multiple coincident results in excess of +1,000ppm rare earth oxide (REO), with a peak value of 2,428ppm REO.

Follow up sampling has already been completed, with results expected in mid-late July.

The QC3 and the Quarry prospects are also located on key geological features and outcrop, both returning REE grades above background.

Sampling to extend both prospects will be undertaken in coming weeks, as well as further reconnaissance sampling in other areas.

“We are very pleased with the work to date at Mukinbudin,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“Each sampling program we have undertaken has enhanced the prospectivity of the project, with four targets now delineated.

“The next round of sampling will commence in the next few weeks, which should improve our understanding of the Hadrian’s, QC3 and Quarry prospects, ahead of drilling in the current quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

LCL Resources Encounters Further Kusi Gold

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THE DRILL SERGEANT: LCL Resources (ASX: LCL) scored intriguing results from recent drilling undertaken at the Kusi gold/copper skarn target within the company’s Ono project in PNG.

LCL Resources received drill results from KU23DD005, the first step out hole to the north of previous drilling, which it reported to have expanded gold intercepts by 150 metres.

Results include:

KU23DD005
77.9 metres at 1.53 grams per tonne gold from 118.1m, including 56m at 1.97g/t gold from 124m and 12.2m at 5.15g/t gold, 2.5 per cent zinc from 270.3m.

LCL explained KU23DD005 is the first drill hole to report elevated copper within the target unit, with multiple anomalous zones including 13m at 0.14 per cent copper.

All five drill holes of LCL’s maiden Kusi drilling program have now delivered intercepts exceeding a metal factor above 50gram-metres gold.

“A metal factor exceeding 50gm gold from early stage drilling is very exciting and considered a drill result worthy of follow-up drilling,” LCL Resources principal geologist John Dobe said in the company’s ASX announcement.

“That every hole we have drilled exceeds this marker, with some reaching nearly 200gm, is a testament to the compelling nature of this developing discovery.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ardea Resources Takes KNP MRE Over 6Mt Contained Nickel Mark

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) released an updated JORC Code (2012) compliant Mineral Resource Estimate (MRE) for the Goongarrie Hub nickel-cobalt deposits within the company’s 100 per cent-owned Kalgoorlie Nickel Project (KNP) in Western Australia.

Ardea Resources reported the KNP global MRE (using a 0.5% Ni cut-off grade) now stands at 854 million tonnes at 0.71 per cent nickel and 0.045 per cent cobalt for 6.1 million tonnes of contained nickel and 386,000 tonnes of contained cobalt.

Ardea is currently undertaking a Prefeasibility Study (PFS) at the Goongarrie Hub for an open pit mining operation feeding a three million tonnes per annum High Pressure Acid Leach (HPAL) and 0.5 million tonnes per annum Atmospheric Leach (AL) circuit using proven technology to produce Mixed Hydroxide Product (MHP) for the Lithium Ion Battery (LIB) sector.

The company has already completed the technical work streams of the PFS that is now undergoing a final review by the Competent Persons.

Upon finalisation and sign off, expected to be in early July, Ardea anticipates release the PFS by announcement on the ASX.

“The Kalgoorlie Nickel Project Goongarrie Hub Prefeasibility Study technical work streams are completed, with final sign-off shortly by the various contributors,” Ardea Resources managing director and CEO Andrew Penkethman said in the company’s ASX announcement.

“Whilst completing the open pit optimisations of the resource models, it was apparent that additional tonnes of nickel-cobalt bearing Mineralised Neutraliser below the 0.5 per cent nickel reporting grade would be recovered within the mine plan.

“This extra neutralising material contributes additional project value through its magnesite component being used in the leaching circuit for acid neutralisation, to which it adds nickel-cobalt units at nil cost.

“Additionally, the Mineralised Neutraliser Fines component contribute to the nickel-cobalt production as the dominant feed for the Atmospheric Leach circuit.

“This excellent R&D outcome is protected with an international patent application recently lodged.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad High-Grade Lithium at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has continued its run of high-grade lithium mineralisation hits from the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals reported recent drilling activities encountered broad zones of lithium mineralisation, which the company declared to demonstrate continuity over 1,000 metres of strike extent and from surface to over 350m down-dip.

Mineralisation is open along strike and down-dip where Azure currently has five drill rigs undertaking both extensional and in-fill drilling along the project’s AP0011 / AP0012 / AP0014 pegmatite corridor.

Latest drilling results received include intersections of:

ANDD0214
90.2 metres at 1.23 per cent lithium oxide (Li2O) from 172.1m, including 8.1m at 1.91 per cent Li2O from 172.1m, and 25.8m at 1.53 per cent Li2O from 210.4m, and 7m at 1.58 per cent Li2O from 250.5m; and

ANDD0210
63.7m at 1.15 per cent Li2O from 218.8m, including 34.7m at 1.59 per cent Li2O from 220.2m, which includes 8m at 2.65 per cent Li2O from 220.2m, and 7.8m at 2 per cent Li2O from 235m.

“It’s very pleasing to confirm that as we step out our broad-spaced drilling along strike and down-dip, we’re continuing to intersect substantial widths of high-grade lithium mineralisation,”

“The 50 metres to plus-100 metres mineralised widths confirm that the AP0011 / AP0012 pegmatite corridor, which extends over a strike length of more than two kilometres, has potential to host sizable volumes of lithium mineralisation.

“Our confidence that Andover has the potential to host lithium resources of world-class scale continues to grow, particularly as we consider the abundance of pegmatites within the overall project area that have demonstrated similar high-grade lithium mineralisation at surface that are yet to be drilled.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

TG Metals to Commence Drilling on Lake Johnston Nickel Targets

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THE DRILL SERGEANT: TG Metals (ASX: TG6) is gearing up for drilling programs to be carried out on the company’s Lake Johnston nickel-lithium-gold project in Western Australia.

TG Metals received final Program of Works (PoW) approvals for drilling programs on the Bremer Burmeister nickel laterite and nickel sulphide targets.

The company explained the drilling will entail multiple phases of drilling allowing follow-up infill and extensional drilling based on in-field observations as the drilling is conducted.

Drill samples will be collected from the Bremer Burmeister nickel laterite deposit to assess mineralisation suitability for beneficiation and grade suitability for third party processing.

Aboriginal heritage survey field activities were completed on the Burmeister lithium soil anomaly in preparation for proposed RC drilling programs.

TG Metals has already completed infill and extensional soil sampling over the Burmeister lithium prospect and initial multielement soil sampling over the distal projects of Lake Percy, Pagrus Hill and Wellstead Rock, from which samples are currently in the lab for analysis with results expected in July.

“We are excited to be preparing our first drilling programs on our combined nickel sulphide and laterite oxide targets,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“Whilst it has been a long time coming, we have been able to define compelling nickel and lithium targets that are backed up by geochemistry and geophysics, that we expect to yield tangible results which will flow into the second half of 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Upgrades Apollo Hill Gold Resource

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported an updated Mineral Resource Estimate (MRE) for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals released a Measured, Indicated and Inferred Mineral Resource for Apollo Hill of:

105 million tonnes at 0.54 grams per tonne gold for 1,839,000 ounces reported above a cut-off grade of 0.2g/t gold and reported within a constraining pit shell under a low-cost bulk tonnage mining and heap leach processing scenario.

The update represents an addition of 370,000 ounces from the company’s previous Mineral Resource, representing an increase of 25 per cent in ounces.

“This Mineral Resource upgrade is the fifth in as many years for the company at its flagship Apollo Hill asset,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We have made a significant step forward by fully embracing a conventional bulk mining and heap leach processing trajectory.

“The results of our 2023 metallurgical test program have demonstrated the ability to achieve higher gold recoveries across the deposits full grade range under an improved heap leach processing scenario.

“Our ongoing mining and engineering studies have leveraged off the deposit’s economies of scale and consistency to be able to consider efficient bulk tonnage mining and scheduling practices.

“This Mineral Resource is published within a single, simple, large ‘Whittle’ pit shell with a significantly improved stripping ratio.

“Consistent improvements in the quality of the resource, its overall size, and to the Mineral Resource classifications, through efficient drilling continue to bode well for the advancement of our business.

“Importantly, with the many inherent strengths as noted above, the Apollo Hill deposit has surpassed a critical juncture for development and we look forward to publishing our Preliminary Economic Assessment in the near future.

“As our geological understanding of the deposit continues to grow so does its potential for growth.

“The system is open along strike and drilling continues at the deposit, camp, and district scales with two rigs on site testing for additional mineralisation.

“As the company moves towards a Pre-feasibility study, the next stage of metallurgical test work has commenced to search for additional processing and recovery refinements.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Encounter Resources Intersects Mineralised Carbonatites at West Arunta

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) reported drilling news from the company’s 100 per cent-owned Aileron critical minerals project in the West Arunta region of Western Australia.

Encounter Resources recently completed three diamond drill holes (EAL001, EAL007 & EAL008) that intersected the Elephant Island Fault at the Crean and Hoschke (formerly Worsley) targets with all hitting niobium-REE mineralised carbonatites.

The three holes cover a strike extent of 3.5 kilometres.

The company reported mineralised carbonatite remains open to the east and west and is increasing in width to the east.

The first diamond hole (EAL001) was completed at Hoschke and intersected a niobium-REE mineralised carbonatite which returned an assay result from a 24.8m interval of

16 metres at 0.6 per cent dinitrogen pentoxide (N2O5) and 0.2 per cent total rare earth oxide (TREO), including 402ppm neodymium and praseodymium (Nd+Pr) from 350m.

Two further RC pre-collars and diamond holes (EAL007 & EAL008) were completed at Crean, stepping out a further 2km and 3.5km to the east of EAL001.

“The West Arunta continues to emerge as a critical minerals province with the intersection of mineralised carbonatites in three drillholes over a strike length of 3.5 kilometres at Aileron,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“The first hole at Aileron, EAL001, was targeting a high amplitude magnetic anomaly, which it successfully intersected, before also intersecting a niobium-REE bearing primary carbonatite dyke.

“We were able to get structural measurements from the dyke to confirm it was striking east-west so two additional holes were drilled along the Elephant Island Fault to the east at Crean.

“Both holes contain zones of shallow oxidised and fresh carbonatite that returned anomalous niobium-REE on a handheld pXRF and the carbonatite units appear to be increasing in width to the east.

“Systematically testing the Elephant Island Fault for further zones of near surface, enriched mineralisation is a priority objective for the upcoming RC program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Latin Resources Confirms New Salinas Lithium Corridor

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) reported news from regional exploration activities at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Following a recent Mineral Resource Estimate (RE) update, Latin Resources is working to expand the project’s existing Colina deposit footprint via extensional diamond drilling programs to the southwest of the Colina deposit and at several regional target areas with eight diamond drilling rigs active on site.

Latin Resources said drilling has intersected spodumene rich pegmatites from multiple diamond drill holes, at two separate locations within the company’s prospective lithium corridor, from which assay results are pending.

Latin declared the drilling had confirmed an extension of the ‘Colina pegmatite system’ from drill testing of a ‘blind’ geophysical target, 560 metres to the southwest of the Colina, where three of four holes completed to date encountered shallow east dipping, course grained spodumene rich pegmatites, again from which assay results are pending.

Diamond drilling is underway on an initial 4,000m drilling program at the new Colina SW and Fog’s Block targets.

“These are significant new discoveries by the Salinas exploration team, demonstrating our strong understanding of the regional controls to mineralisation within our district,” Latin Resources vice president of operations – Americas Tony Greenaway said in the company’s ASX announcement.

“These latest drilling intersections validate our regional interpretation of a large, mineralised pegmatite system potentially extending up to 26 kilometres to the southwest of our flagship Colina deposit and provides Latin with a very clear pathway for further resource expansion.

“While these early drill core observations are extremely encouraging, we are still waiting for assay results and need to fully evaluate this information within the context of all our drilling results to fully understand the larger regional system.

“We will continue to drill test these newly identified areas in parallel with the ongoing infill and systematic step-out drilling at Colina itself, with the aim of growing the existing 45 million tonnes resource base at Colina.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE