Green Technology Metals Increases Ontario Lithium Mineral Resource

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) released an updated Inferred Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Root lithium project in Ontario, Canada.

The updated Inferred MRE for the Root project is 12.6 million tonnes at 1.21 per cent lithium oxide (Li2O) and 62ppm tantalum pentoxide (Ta2O5).

The total MRE incorporates an additional 8.1 million tonnes at 1.32 per cent Li20 from the Root Bay deposit added to the already reported 4.5 million tonnes at 1.01 per cent Li2O from the project’s McCombe deposit.

The Root project is located approximately 200 kilometres from the company’s Seymour project that has an existing MRE of 9.9 million tonnes at 1.04 per cent Li2O (comprised of 5.2Mt at 1.29% Li2O Indicated and 4.7 Mt at 0.76% Li2O Inferred).

“This is just the beginning for our Root lithium project and we are very pleased with ongoing drilling indicating further extension potential along the East-West trend,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“We still have a lot of untested ground to cover and with time we hope to continue to grow our quality hard rock spodumene lithium resource base in Ontario.

“The Mineral Resource base at Root has now reached critical mass and is transformational for GT1, as it allows us to assess the potential for Root to become a stand-alone project hosting its own concentrator in line with our corporate strategy.”

Green Technology indicated infill drilling will be undertaken to improve the MRE confidence for future economic assessment (i.e. Indicated Resources) as well as to increase overall resource tonnage.

Further studies to support necessary modifying factors will be conducted in concert with the infill drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Viking Mines Commences Growth Focused Vanadium Drilling

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THE DRILL SERGEANT: Viking Mines (ASX: VKA) has kicked of a new drilling program at the company’s Canegrass battery minerals project in the Murchison Region of Western Australia.

Viking Mines has commenced the major drill program comprised of approx. 40 Reverse Circulation (RC) drillholes.

The company outlined the program to have two main objectives.

1. To improve the confidence in the current Mineral Resource Estimate (MRE) by drill testing within the existing Inferred (JORC 2012) MRE limits of 79 million tonnes at 0.64 per cent vanadium pentoxide (V2O5) to validate and improve the existing geological interpretation; and

2. To grow the Resource base through discovery of new Vanadiferous Titanomagnetite (VTM) mineralisation by drill testing targets outside of the limits of the current MRE.

“This is a major phase for the company as we look to rapidly advance exploration activities at the Canegrass project,” Viking Mines managing director & CEO Julian Woodcock said in the company’s ASX announcement.

“This is the first substantial drill campaign to be completed at the project in more than a decade, comprised of some 40 drill holes totalling around 6,000 metres.

“The focus of this drilling program is to improve confidence in the current Vanadium Mineral Resource Estimate, while also assessing the potential of the greater than eight kilometres strike length of VTM mineralisation.

“Given what we have seen so far in the geology, I am confident that we have the opportunity to see substantial growth in what is already a significant resource at Canegrass.

“I am excited by the prospects of what we are going to discover with the drill bit and look forward to updating the market with results from this drill programme in the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

ACDC Metals Hits High-Grade Heavy Mineral Sands at Goschen Central Project

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THE DRILL SERGEANT: ACDC Metals (ASX: ADC) released the first drilling results achieved from Phase 1 aircore drilling at the company’s Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria.

ACDC Metals received assays received from the initial 75 drill holes at the Goschen Central project that produced high-grade intervals of greater than 10 per cent total heavy minerals (THM) with 29 per cent of all holes returning intervals greater than 5 per cent THM at 1% cut-off.

Drilling has extended mineralisation over a strike length of more than 10 kilometres.

Intercepts include:

22GC0017
4 metres at 10.91 per cent THM from 33m within 14m at 4.48 per cent THM from 26m;

23AC043
4.5m at 10.37 per cent THM from 31.5m within 12m at 5.52 per cent THM from 24m;

23AC044
4.5m at 8.47 per cent THM from 25.5m within 15m at 4.72 per cent THM from 19.5m; and

23AC047
6m at 8.44 per cent THM from 28.5m within 19.5m at 3.02 per cent THM from 19.5m.

ACDC has already completed a second phase of grid based aircore drilling guided by field logging of phase one drill samples.

The company explained the phase two drilling targeted a zone interpreted to be a prospective higher-grade part of the Goschen Central project.

The results from the Phase 2 drilling are currently being assayed.

Both sets of results are to be incorporated into an upcoming Mineral Resource Estimate expected to be released in the September quarter.

“As we anticipated, this first set of drilling assays confirm high-grade heavy mineral sand mineralisation at the Goschen Central project and are extremely positive for the project,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“We are very encouraged by mineralisation observed, and particularly by a contiguous high-grade domain.

“These results place ACDC Metals in a strong position to advance a maiden mineral resource.

“Mineral assessment to identify the valuable heavy mineral distribution (zircon, rutile, ilmenite, monazite) is well progressed, postively we have a good understanding of probable ratios based on the reported resources of VHM Ltd and Iluka Resources Ltd to the north and south respectively.

“We look forward to the targeted infill drilling results, as we work towards our maiden mineral resources in Q3”.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Matsa Resources Confirms Large Gold System at Fortitude North

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) received results from its latest round of reverse circulation (RC) drilling at Fortitude North within the company Lake Carey project in Western Australia.

Matsa Resources reported the drilling has extended the Fortitude North discovery by 200 metres resulting in a strike extent of 1.7 kilometres that remains open in both directions along strike.

The drilling also extended mineralisation down dip to the east by 70m for a total width of some 250m across strike, which the company declared to have greatly added to the potential size and scale of Fortitude North.

Of the 20 holes drilled there were:
10 intercepts above 25 gram metres;
3 intercepts above 50 gram metres;
1 intercept above 100 gram metres, and
13 intercepts greater than 10m thick.

Matsa Resources interpreted the width and grade of these intersections to be confirmation it has discovered a major gold mineralised system that is open in all directions that with additional drilling could further add to the size of the defined mineralisation.

“These fantastic results speak for themselves and whilst further work is obviously required, we see this as a confirmed significant discovery,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“In fact, I think Fortitude North will be substantially better than our Fortitude Gold Mine, only six kilometres to the south, where we have a gold resource of 489,000 ounces.

“Matsa’s geology team tell me that they can see multiple phases and styles of mineralisation that speaks to a very long lived system, with up to four gold forming events.

“Before this drilling, we were targeting another Fortitude, but all this now points to something much more substantial and our target is now much bigger commensurate with these bigger intercepts.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Claims High-Grade Graphite Discovery at Corella Project

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) has claimed a new graphite discovery at the company’s 100 per cent-owned Corella graphite project in Queensland.

Lithium Energy made the discovery via a recently completed maiden drilling program, from which assay results have shown multiple outstanding (composite) intercepts of graphite in excess of 15 per cent Total Graphitic Carbon (TGC), with individual intercepts up to 27.4 per cent TGC.

The high-grade intercepts of graphite encountered at Corella include:

CGRC003
142 metres at 9.5 per cent TGC from surface, including 6m at 16.1 per cent TGC from 35m and 10m at13.4 per cent TGC from 44m;

CGRC008
133m at 10.1 per cent TGC from surface, including 9m at 20.5 per cent TGC from 110m;

CGRC012
83m at 14.8 per cent TGC from 8m, including 23m at 27.4 per cent TGC from 13m;

CGRC002
64m at 13.1 per cent TGC from 45m, including 23m at 19.4 per cent TGC from 57m; and

CGRC013
54m at 13.7 per cent TGC from surface, including 6m at 21.8 per cent TGC from 32m.

Lithium Energy is now moving to delineate a maiden JORC Mineral Resource Estimate of graphite at Corella while examining the potential to build its overall graphite inventory.

Corella is located to the south of the company’s Burke deposit, which comprises a high-grade graphite JORC Indicated and Inferred Total Mineral Resource of 9.1 million tonnes at 14.4 per cent TGC for a total of 1.3 million tonnes contained graphite.

“As we advance with the Pre-Feasibility Study for our Australian-based vertically integrated battery anode material manufacturing business, confirming a new graphite discovery at Corella is a highly positive development,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The potential to add additional graphite from Corella to the already high-grade Resource at the Burke Tenement and thus expand overall Burke project graphite inventory, offers the potential for significantly expanded development options for this exciting project.

“We are looking forward to the maiden JORC Mineral Resource Estimate for Corella based upon these positive drilling results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources (ASX: M2R) executive chairman Allan Kelly

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VIDEO DIARY: Miramar Resources (ASX: M2R) executive chairman Allan Kelly dropped into The Resources Roadhouse to bring Wally Graham up to speed on the company’s activities at its Whaleshark IOCG project in Western Australia.

Rumble Resources Commences New Exploration Activity at the Earaheedy Project

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THE DRILL SERGEANT: Rumble Resources (ASX: RTR) is back out exploring on the company’s emerging world-class Earaheedy project in Western Australia.

Rumble Resources is to undertake activities aimed at defining the limits of the emerging zinc-lead-silver base metal system and focused on high-grade feeder targets along the untested nine kilometres Navajoh Southeast Trend within the company’s 100 per cent owned landholding.

The company has commenced an extension RC drilling program along the previously untested Navajoh Southeast Trend.

An airborne geophysical survey previously highlighted gravity lows having a strong association with the existing high-grade zinc-lead feeder faults at the Tonka and Navajoh zinc-lead deposits.

A high impact drilling program will be carried out to focus on multiple gravity lows along strike of the Navajoh deposit, which the company has interpreted to represent potential new mineralised high-grade feeder faults.

“We are excited to get back into discovery mode and announce the resumption of drilling operations,” Rumble Resources managing director Shane Sikora said in the company’s ASX announcement.

“We have a high impact program planned that will be focused on testing the high-grade feeder targets along the Navajoh Southeast Trend.

“We will also have a specific focus on targeting high-grade Mississippi Valley Type (MVT) discoveries within the interpreted high angle feeder structures.

“The Earaheedy project has exceptional near-term growth potential, and we are eager to advance what we believe will become a world class base metal asset.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Impact Minerals Identifies Large Rare Earth Anomaly

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified the Horseshoe prospect, a large soil geochemistry anomaly for rare earth elements (REE) at the company’s 100 per cent-owned Arkun project in the emerging mineral province of southwest Western Australia.

Impact Minerals described the anomaly as being about 10 kilometres long, up to 2,000 metres wide and comprising both the more valuable Heavy Rare Earth Elements (HREE) and the Light Rare Earth Elements (LREE).

“The new and exciting Horseshoe prospect is in a prime location for REE being associated with the contact zone of an intrusion adjacent to a major fault zone,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“In addition, the area is also very weathered, so there is also the potential for REE ionic clay deposits.

“We are looking forward to getting our follow-up fieldwork underway to check this.

“Horseshoe is just one of numerous REE anomalies we have identified in roadside sampling, and so we look forward to further results from infill soil surveys that are underway.

“This and other recent discoveries in the region suggest that southwest Western Australia could also become an REE province like the Gascoyne Province and the Albany-Fraser Belt near Esperance.

“We are happy to have such a significant ground-holding in this region.

“We are also interpreting the soil geochemistry results for nickel-copper-PGM and lithium and look forward to announcing those results when completed.”

Impact has completed re-processing of a 2022 HeliTEM survey conducted over priority target areas for nickel-copper-PGM mineralisation in the Arkun-Beau area.

A DGPR survey has also been conducted at Beau, and interpretation of this data for lithium pegmatites is also in progress.

This data will be combined to identify drill targets with the aim of completing a maiden drill program in late 2023 or early 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Green Technology Metals Continues High-Grade Root Bay Lithium Hits

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

The Root project is located some 200 kilometres west of the company’s flagship Seymour project that has an existing Mineral Resource Estimate (MRE) of 9.9 million tonnes at 1.04 per cent lithium oxide (Li2O) (comprised of 5.2Mt at 1.29 per cent Li2O Indicated and 4.7Mt at 0.76 per cent Li2O Inferred).

The Root project has an Inferred MRE of 4.5 million tonnes at 1.01 per cent Li20.

Green Technology anticipates a maiden MRE from Root Bay will add to the current 14.4 million tonnes JORC Resource base across its tenure.

New assay results from Root Bay drilling have demonstrated high-grade quality pegmatites and include:

RB-23-152
16.8 metres at 1.57 per cent Li2O from 152.4m;

RB-23-083
16.5m at 1.55 per cent Li20 from 254.6m;

RB-23-156
15.4m at 1.65 per cent Li20 from 37.1m;

RB-23-040
7.8m at 1.61 per cent Li20 from 216.9m;

RB-23-042
5.9 at 1.59 per cent Li20 from 5.6m; and

RB-23-148
5.9m at 1.46 per cent Li20 from 257.7m.

“Root Bay has returned some of the highest-grade results from any of our projects to date with results now indicating significant potential for a maiden mineral resource estimate from the initial 37-hole diamond drill program,” Green technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“We are now working on determining how big the resource potential is at the prospect area and look forward to sharing the results.

“Due to the success of the maiden drilling program, we will now commence infill drilling at Root Bay earlier than planned with two drill rigs mobilised to the project area, ready to commence next week, which will run parallel to the large-scale field exploration program that is currently underway at Root.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cazaly Resources to Acquire Canadian Lithium Project

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THE BOURSE WHISPERER: Cazaly Resources (ASX: CAZ) emerged from a Trading Halt to announce the acquisition of up to 100 per cent of the Sundown lithium project in Canada.

The Sundown project is in the James Bay lithium province, host to several advanced lithium projects and new lithium discoveries in Canada and comprises 510 mining claims covering pegmatite outcrops spanning over 260 square kilometres.

The project is located between Allkem’s (ASX: AKE) James Bay deposit with a lithium reserve of 37.2 million tonnes at 1.3 per cent lithium oxide (Li2O), and Patriot Battery Metals (ASX: PMT) Corvette lithium discovery, which is host to 70 lithium bearing pegmatites over a 214sqkm land package.

“We are extremely pleased to have an exclusive binding agreement to acquire the Sundown lithium project,” Cazaly Resources managing director Tara French said in the company’s ASX announcement.

“The project is an excellent addition to our recent Canadian rare earth elements project acquisition, and provides Cazaly with another excellent discovery opportunity, this time for lithium, another critical mineral.

“The project is a massive landholding in the heart of the James Bay lithium district, a district known for its very large scale and high-grade lithium resources.

“Data acquisition and compilation has commenced, and desktop studies are underway as part of our due diligence process, which will in turn advance the project and inform our exploration work plan moving forward.”

Cazaly explained that upon completion of due diligence, including a full assessment of all available data and the decision to complete the acquisition, an initial field reconnaissance mapping and rock chip sampling program will be completed to assess the large number of documented outcropping pegmatites for spodumene and lithium mineralisation.

This will in turn inform the company’s exploration strategy to drill test the best targets in the next phase of exploration.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE