Alvo Minerals Commences Drilling at Bluebush REE Project

/in , /by

THE DRILL SERGEANT: Alvo Minerals (ASX: ALV) announced commencement of drilling at the company’s recently acquired Bluebush REE project in Brazil.

Alvo Minerals is conducting a program of auger drilling focused on testing the depth and lateral extensions of existing mineralisation as well as extensive sampling of saprolite to confirm ionic clay mineralisation.

The projecthas already been subjected to early-stage exploration work by the vendors that confirmed high-grade REEs at shallow levels with values up to 4,500ppm total rare earth oxide (TREO) in alluvials and 2,350ppm TREO in saprolite (clay).

Alvo’s drilling will commence at the Fazendinha, Ferradura and Boa Vista prospects, where previous drilling intercepted REE mineralisation.

“When we listed on the ASX in October 2021 we commenced our maiden diamond-drill program at the Palma VMS project within three days, now we are commencing our maiden auger drill program at the Bluebush REE project within a week of the acquisition,” Alvo Minerals managing director Rob Smakman said in the company’s ASX announcement.

“We haven’t slowed down since IPO and aren’t planning on it.

“The auger drill program is the first phase of due diligence as we test the depth profile of the REE mineralisation hosted in the saprolite (clay) and send samples to the laboratory to confirm Bluebush is a true ionic clay deposit.

“We are confident in the likelihood of the results as Serra Verde to the south is on the same granite formation and exhibits similar characteristics of REE mineralisation identified by the previous owners of Bluebush.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sunshine Gold Drills Large-Scale Gold Confirmation at Triumph Project

/in , /by

THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) results from RC drilling at the company’s 100 per cent-owned Triumph Project near Gladstone in Queensland.

Sunshine Gold explained the drilling tested a new target 600 metres south of the Southern Corridor within the project that hosts over 90 per cent of the current Resource of 118,000 ounces at 2.03 grams per tonne gold.

This 90 per cent is, in turn, hosted in 20 per cent of three kilometres within 6km of delineated structure of the Southern Corridor, shallower than 100m.

Two 80m spaced holes intersected gold and pathfinder elements within a 1km long geochemical and geophysical anomaly, returning results including:

23TRRC036
4 metres at 1.92 grams per tonne gold, 151g/t silver, 1.62 per cent zinc, 1.25 per cent lead from 48m; and

23TRRC035
3m at 1.23g/t gold from 38m.

Further extensional drilling was also undertaken, from which the company expects to extend the immediate Southern Corridor Resource.

Other drilling conducted over 400m of the Northern Corridor was also deemed successful by the company from a Resource growth perspective.

“Encouraging intersections in big step out drilling has reaffirmed that Triumph is a large-scale gold system,” Sunshine Gold managing director Dr Damien Keys said in the company’s ASX announcement.

“We have previously drilled about 20 per cent of the Southern Corridor down to 100 metres to deliver our current Resource.

“The recent program has tested extensions to the Southern Corridor, new zones in the Northern Corridor and a new untested, target structure 600 metres south of the existing Resource – Far South.

“The Far South drilling intersected encouraging gold and very high silver grades with two holes, 80m apart.

“The soil and geophysical anomaly persist for over one kilometre and now presents as an exciting new area for significant Resource growth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meeka Metals Estimates High-Grade Rare Earth Resource at Circle Valley

/in , /by

THE DRILL SEARGENT: Meeka Metals (ASX: MEK) reported an initial rare earth Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Circle Valley project in Western Australia.

Meeka Metals has estimated a Mineral Resources of 98 million tonnes at 890ppm total rare earth oxide (TREO) for Circle Valley project.

The Mineral Resource has a high neodymium/praseodymium (NdPr) to TREO ratio of 25 per cent, containing 21,560 tonnes of high value NdPr metal.

Meeka Metals indicated this to be the first rare earth Mineral Resource reported for Circle Valley adding its belief that strong potential for growth exists with shallow high-grade mineralisation trending northwest and remaining open in that direction.

“This initial high-grade Mineral Resource at Circle Valley is a commendation of the diligent work by our team in identifying and then executing on the rare earth opportunity, moving from concept to Mineral Resource in under 24 months,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“The Mineral Resource is reported entirely within an optimised pit shell and supported by metallurgical and economic assumptions from our ongoing test work, ensuring it is a valuable, shallow, high-grade Mineral Resource.

“Results from the most recent phase of 2023 drilling also show the high-grade mineralisation trends northwest and remains open in that direction, providing a compelling growth target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Extends Yin via High-Grade NdPr Discoveries

/in , /by

THE DRILL SEARGENT: Dreadnought Resources (ASX: DRE) is starting to get results from drilling undertaken on the Yin ironstone complex within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources received the first assays for 2023, which its reported to have confirmed thick mineralisation extends approx. one kilometre south from the initial 3km-long Yin Resource.

The company released a JORC Inferred Resource of 14.36 million tonnes at 1.13 per cent total rare earth oxide (TREO) in December 2022 covering only 3kms of the 43kms of strike within the Yin ironstone complex.

Dreadnought said results from first pass, wide spaced drilling have confirmed three additional ironstones at Y2 and north of the Yin Resource which have produced the highest neodymium/praseodymium (NdPr):TREO ratios it has identified to date.

The company expects these new ironstones and the Yin extensions will underpin Resource upgrades in the December 2023 quarter including a healthy Indicated Resource component to support an initial Scoping Study.

Latest results include:

YINRC172
22m at 2.01 per cent TREO, 7.7 kilograms per tonne of Nd2O3+Pr6O11 (38 per cent NdPr:TREO) from surface, including 12m at 3.1 per cent TREO, 12kg/t of Nd2O3+Pr6O11 (39 per cent NdPr:TREO) from 6m; and

YINRC173
15m at 1.31 per cent TREO, 4.5kg/t of Nd2O3+Pr6O11 (34 per cent NdPr:TREO) from 61m, including 7m at 2.23 per cent TREO, 7.8kg/t of Nd2O3+Pr6O11 (35 per cent NdPr:TREO) from 68m.

“The dam has finally burst on assays with steady news flow now ongoing through 2023,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Highlights include: the highest NdPr:TREO ratios seen to date from three new discoveries with a combined approx. 2.5 kilometres strike length; Yin extended approx. 1km to the south; and high grades from surface at Y2 where a Resource will be delivered.

“We look forward to expanding the Resource base with significant news flow throughout 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Rox Resources Reports High-Grade Drilling Results

/in , /by

THE DRILL SEARGENT: Rox Resources (ASX: RXL) reported new assay results from ongoing resource development drilling at the company’s Youanmi gold project Joint Vebture with Venus Metals near Mt Magnet in Western Australia.

Rox Resources reported the latest assays from an ongoing resource development and near-mine exploration drilling program that is focused on the high-priority Link and Kathleen areas of the project, designed to convert Inferred Resources to the higher confidence Indicated Resource classification.

Results include:

RXDD068
6.38 metres at 4.45 grams per tonne gold from 381.84m, including 2.56m at 8.26g/t gold from 381.84m;

RXDD077
4m at 5.67g/t gold from 257m;

RXDD078
5.96m at 5.34g/t gold from 314.21m; and

RXDD083
4.21m at 5.21g/t gold from 303.86m.

The company said the results generated by in-fill drilling were continuing to build its confidence in the resource inventory at Youanmi, while also providing further clear evidence of the potential for deeper extensions of the deposit which could be targeted by future underground drilling.

“We are very pleased with the outcomes of the in-fill program, which continues to deliver grades and widths in line with the current geological interpretations,” Rox Resources managing director Robert Ryan said in the company’s ASX announcement.

“This reinforces the continuity and endowment of the deposit, and supports our strategy to upgrade the Inferred portions of the current Mineral Resource to the higher-confidence Indicated category.

“The current batch of assays includes the deepest holes drilled to date at Link at 475 metres below surface.

“This highlights the significant potential for future resource extensions at depth, especially considering that high-grade mineralisation has been intersected on the main lode at 970 metres below surface.

“Assays are still pending from the recent diamond drilling programs at Link and Paddy’s Lode and, with an important phase of RC drilling currently underway at Paddy’s Lode targeting shallow extensions of the discovery and potential supergene mineralisation, investors can look forward to continued strong news-flow over the coming weeks.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

VRX Silica Receives Arrowsmith North Environmental Approvals

/in , /by

THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has had the Environmental Review Document (ERD) for the company’s Arrowsmith North silica sand project in Western Australia accepted by the Department of Water and Environmental Regulation (DWER) for publication.

The document will now be subject to a four-week Public Environmental Review (PER), commencing on 19 June 2023 that includes a requirement for VRX to respond to all comments received.

The company explained this PER and response process is the final step before the Environmental Protection Authority of Western Australia (EPA) prepares an assessment report including recommendations to the WA Environment Minister on whether the proposal should be approved.

“We are delighted that the environmental approvals process has moved to this next important stage,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“This is a significant milestone for the process.

“VRX has proposed a unique method for rehabilitation of the mined area that provides for the best possible outcome for regeneration of native vegetation.

“The ERD seeks approval for 30 years of mining.

“The development area has the potential to underpin a project lasting up to 60 years (subject to further approvals), underscoring the enormous economic contribution that could flow to the Irwin Shire in particular and Western Australia more broadly.

“VRX has engaged fully and openly with regulators at every stage of the approvals process and appreciates the thoroughness of the process.

“We also thank shareholders for their patience as we have worked on securing the key approvals for Arrowsmith North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Codrus Minerals Confirms Karloning REE discovery

/in , /by

THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) has claimed discovery of a clay-hosted rare earth element (REE) system at the company’s recently acquired Karloning REE-niobium project in Western Australia.

Codrus Minerals made the announcement based on assay results received from a maiden RC drill program at Karloning, from which it had previously reported prioritised results for the top 40 metres of the first hole, KGRC001.

The company has now received assays for the rest of the 13-hole program that has demonstrated all holes intersecting the clay zone have returned enriched clay-hosted REE mineralisation across multiple high-grade REE intercepts, which Codrus declared to confirm the project’s credentials as a REE growth opportunity.

“The balance of assay results from our maiden 13-hole drill program have confirmed that we have a significant shallow clay-hosted REE discovery on our hands at Karloning,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“The assay results have revealed multiple thick intercepts of high-grade clay-hosted REE mineralisation over a zone measuring around 400 metres by 300 metres, with the clay-hosted REE zone remaining open to the south-west, north-east and south-east.

“Encouragingly, the grade profile of the intercepts is remarkably consistent across the width of the mineralised zones.

“Given that up to 25 per cent of the mineralisation is contained in the four key high-value REE’s used in rare earth magnets, this is rapidly shaping up as a significant REE discovery in a potentially exciting new rare earths province.

“The next steps for us are to review the full suite of data from the drilling before planning the next phase of follow-up, which is likely to comprise wide-spaced air-core drilling to test the overall scale of the REE system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

QEM Limited (ASX: QEM) managing director Gavin Loyden

/in /by

QEM Limited (ASX: QEM) managing director Gavin Loyden visits Wally Graham of The Resources Roadhouse to talk about the company’s Julia Creek vanadium project and what the future holds for this, currently, understated commodity.

Golden Mile Resources Identifies Potential Primary REE Targets at Quicksilver

/in , /by

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) declared the identification of what it described as “promising primary rare earth elements (REE) targets” at the company’s Quicksilver nickel-cobalt project near Lake Grace in Western Australia.

The Quicksilver project already boasts an Indicated and Inferred Resource totalling 26.3 million tonnes at 0.64 per cent nickel, 0.043 per cent cobalt for 168,000 tonnes contained nickel and 11,300 tonnes contained cobalt.

Golden Mile carried out a review of the resource drill hole database at Quicksilver to understand the potential source of REE mineralisation it has encountered at Quicksilver.

The company said the review had identified potential carbonatite source for the oxide clay hosted REE mineralisation it encountered in nickel-cobalt resource drilling at Quicksilver, either at depth or along strike.

Results within the oxide include:

QAC0010
4 metres at 3,295ppm total rare earths oxide (TREO), including 1m at 7,915ppm TREO;

QRC0039
10m at 2,548ppm TREO, including 1m at 3,949ppm TREO;

QRC0135
1m at 10,600ppm TREO from 57m; and

QRC0061
1m at 6,700ppm TREO from 8m.

“Determining what lies underneath the nickel and cobalt is crucial for optimising infrastructure positioning,” Golden Mile CEO Damon Dormer said in the company’s ASX announcement.

“The fact that there is the potential for further REE mineralisation underneath the nickel and cobalt is hugely exciting for a deposit that just seems to keep on giving.

“The original plan was to test what lies beneath the resource as a part of the infill drilling to confirm the infrastructure strategy, however it makes sense to accelerate this work based on the improved geological understanding.

“It will also be fascinating to see the resultant REE grades in the concentrates from the metallurgical testwork.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Gascoyne Resources Scores Assays Results Outside Never Never MRE

/in , /by

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has continued to produce encouraging drilling results from the company’s Dalgaranga gold project in Western Australia.

Gascoyne Resources reported the latest assay results received from ongoing resource and exploration drilling at Dalgaranga, results from which have provided further insights into the potential scale, significance, and growth upside of the Never Never gold deposit.

These assays have demonstrated high-grade mineralisation 110 metres below the current Mineral Resource Estimate (MRE) boundary.

This recent drilling targeted and tested the extremities of the Never Never gold deposit system where the company is looking to ascertain where the edges of this new system are for an upcoming MRE update.

“We have another deep mineralised intercept with visible gold well below the current resource in DGRC1204-DT, with significant infill results within the deeper part of our upcoming resource update in DGRC1185-DT, there continues to be good widths and grades outside the resource to the south in DGRC1210 and at depth in DGDH033 and DGRC1194-DT illustrating that this mineralised system appears to be improving with depth, and to top that another solid high-grade hit, 10 metres at 12 grams per tonne gold in the pre-collar of DGRC1183-DT,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“The deepest drill-hole assayed so far at Never Never returned an incredible 29 metres at 11.09 grams per tonne gold from over 400 metres downhole and now we get 10 metres at 12 grams per tonne from 237 metres in the same hole!

“To add to the growing high-grade Never Never system and the nearby high-grade prospects being discovered, the company is drilling the deepest hole yet into Never Never targeting 550-600 metres down-plunge to test the depth extension.

“The company is also drilling several high-priority high-grade targets in the near vicinity of Never Never and will provide an update as that work progresses.

“The exploration team is not resting on the Never Never discovery, but looking to take what has been learned and test other high-grade opportunities in and around the Dalgaranga mill as quickly as possible.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE