Greenstone Resources Drills Mt Thirsty Growth Potential

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) released the latest drilling results from the company’s Mt Thirsty Joint Venture (MTJV) near Norseman in Western Australia.

The company reported assays for the remaining five drill holes of the drilling intersected three distinct zones of flat-lying horizontal mineralisation, including an upper zone consisting of a weathered ultramafic peridotite rock hosting nickel-cobalt-manganese-scandium mineralisation.

Latest results from Mt Thirsty include:

MTRC005D
48 metres at 0.08 per cent cobalt, 0.44 per cent nickel, 0.13 per cent manganese and 47.6 grams per tonne scandium from 2m, including 6m at 0.14 per cent cobalt, 0.62 per cent nickel, 0.85 per cent manganese and 57.4g/t scandium from 5m;

MTRC006D
70m at 0.05 per cent cobalt, 0.45 per cent nickel, 0.47 per cent manganese and 36.3g/t scandium from 3m, including 26m at 0.11 per cent cobalt, 0.59 per cent nickel, 1.06 per cent manganese and 28.2g/t scandium from 47m; and

MTRC007D
29m at 0.09 per cent cobalt, 0.62 per cent nickel, 0.73 per cent manganese and 33.2g/t scandium from 0.0m, including 13m at 0.15 per cent cobalt, 0.62 per cent nickel, 1.36 per cent manganese and 34.1g/t scandium from 6m.

These latest results largely sit outside the current resource envelope and with the recent drilling located approximately 100m east of the current resource, Greenstone considers this highlights unrealised growth potential further to the east.

“These latest results continue to highlight the prospectivity of the Mt Thirsty project to provide a low-cost, ethical and sustainable source of cobalt and nickel outside of the Democratic Republic of the Congo and Russia,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Of importance, is that the majority of these results remain outside of the recent resource update and present an opportunity for further resource growth and mine life extensions.

“Importantly the Mt Thirsty project is uniquely positioned to support the continued decarbonisation of our economy, not only containing cobalt and nickel, but also hosting manganese and scandium, allowing the project to potentially produce a high-value pCAM product containing cobalt, nickel and manganese sourced from the Mt Thirsty deposit.

“We are very much entering a transformational phase for the Mt Thirsty project with metallurgical studies progressing on track that will feed into a Scoping Study currently underway, with reporting expected to be finalised in July.

“We look forward to keeping shareholders updated on a regular basis as we continue to unlock the true potential of the Mt Thirsty project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Recharge Metals Identifies High-Priority Canadian Lithium Targets

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THE DRILL SERGEANT: Recharge Metals (ASX: REC) reported on a generative exploration program currently underway at the company’s 100 per cent-owned Express lithium project in the James Bay Region of Québec, Canada.

Recharge Metals has identified four high priority target areas for lithium mineralisation with widespread outcrop at the Express lithium project following interpretation of high-resolution aerial and satellite photography undertaken by technical consultants.

The company explained the photo interpretation has revealed an area of outcrop within the project area containing a substantial number of targets, which have been interpreted as potentially representing outcropping lithium-bearing pegmatites.

These outcropping areas also include historically mapped pegmatites on the project area Recharge reported on in March this year.

“We now have four high priority target areas at Express to focus our attention on,” Recharge Metals managing director Felicity Repacholi-Muir said in the company’s ASX announcement.

“The aerial imagery is very much the key dataset for the detailed planning of our field program.

“The extensive outcrops present at Express provide encouragement for the potential of lithium-bearing pegmatites to be discovered, and we continue to source alternative datasets to refine our targeting.

“I am very much looking forward to getting in the field and ground truthing these target areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Nordic Nickel Confirms Nickel Sulphide System

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THE DRILL SERGEANT: Nordic Nickel (ASX: NNL) reported assay results for the first diamond drillhole completed at the company’s Pulju nickel project in the Central Lapland Greenstone Belt (CLGB) of northern Finland.

Nordic Nickel received assays for diamond drillhole HOT001, completed as part of the company’s first diamond drilling program at the Hotinvaara prospect, which it claims to have confirmed scale and endowment within the nickel sulphide system at Pulju.

The company explained HOT001 targeted EM conductors and lateral and depth extensions of the Hotinvaara JORC (2012) Mineral Resource Estimate (MRE) of 133.6 million tonnes at 0.21 per cent nickel.

The hole intersected pervasive disseminated nickel sulphide mineralisation to a downhole depth of 624m, returning assays that included:

94.15 metres at 0.2 per cent nickel from 6.4m;

38.7m at 0.26 per cent nickel from 149.3m, including 0.65m at 1.49 per cent nickel, 0.07 per cent cobalt from 174.7m;

38m at 0.18 per cent nickel from 226m, including 0.65m at 1.09 per cent nickel, 0.06 per cent cobalt from 239.15m;

93.3m at 0.17 per cent nickel from 276m; and

50.85m at 0.16 per cent nickel from 395.15m.

“These first assays from our maiden diamond drilling program have added to the excitement around the scale and endowment of the nickel sulphide system at Pulju and its significant growth potential,” Nordic Nickel managing director Todd Ross said in the company’s ASX announcement.

“Excitingly, this hole provides our first insight into the potential for mineralisation below the existing Mineral Resource – which was based entirely on historical drilling and extends to a maximum depth of 500 metres with 81 per cent of the MRE in the top 250 metres.

“HOT001 intersected multiple zones of disseminated nickel sulphide mineralisation to a downhole depth of 624 metres in the prospective ultramafic lithologies, with the system remaining entirely open in several directions.

“This is an important first hole for Nordic Nickel which confirms we have a potentially world-class asset at Pulju.

“It provides clear evidence of the potential to expand the current MRE at Hotinvaara, while also confirming the significant nickel sulphide endowment of the system.

“It also augurs well for the potential discovery of additional high-grade massive sulphide zones, which remains a key focus of our drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Aruma Resources Expands Gold Mineralised Footprint at Salmon Gums

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) received results from recent drilling completed at the company’s Salmon Gums gold project in the Eastern Goldfields of Western Australia.

Aruma completed 44 reverse circulation (RC) holes that were designed to follow up bonanza-grade gold the company intersected in its previous drilling, of up to 224 grams per tonne gold that it announced in March last year.

The company said the assay results received returned multiple zones of anomalous gold, and expanded the gold mineralised footprint at the priority Iris and Thistle prospects.

Highlights from RC drilling include:

At Iris

SG23RC030
1 metre at 3 grams per tonne gold from 71m;

At Thistle

SG23RC037
1m at 1.3g/t gold from 46m; and

SG23RC037
5m at 0.4g/t gold from 103m.

The drilling identified a new target – the Rose prospect – situated between Iris and Thistle, with multiple gold intersections returned at this new target, including:

SG23RC026
1m at 2.3g/t gold from 27m; and

SG23RC009
1m at 2.1g/t gold from 104m.

“The Salmon Gums gold project has the potential to host a significant mineral deposit,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“This round of drilling was designed to test our geologic model for gold mineralisation at the project over a considerable strike, and has been successful in intersecting multiple zones of gold mineralisation, which has resulted in the definition of a new target, at the Rose prospect.

“As our understanding of the gold model at Salmon Gums increases, as a next step we plan to undertake targeted diamond drilling in several orientations, to follow up the bonanza gold intersection of 5 metres at 50.2 grams per tonne from our previous phase of drilling and to increase our understanding of what is controlling the high-grade gold.”

 

 

 

Hammer Metals Scores New Wide Copper and Rare Earth Hits at Hardway

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported on recent results from follow-up Reverse Circulation (RC) drilling at the Hardway prospect, part of the company’s Mt Isa portfolio in NW Queensland.

Hammer Metals said the drilling delivered further broad, shallow intercepts of copper and rare earth element (REE) mineralisation, improving on earlier drilling that encountered intercepts of copper and total rare earths and yttrium oxides.

Results include:

HMHWRC012
57 metres at 1 per cent copper from surface, including 10m at 2.87 per cent copper, 0.11 grams per tonne gold and 0.09 per cent TREYO from 25m;

HMHWRC006
24m at 1.06 per cent copper and 0.2 per cent TREYO from 14m within 58m at 0.55 per cent copper from surface (hole terminated in mineralisation);

HMHWRC010
13m at 1.20 per cent copper from 35m within 38m at 0.66 per cent copper from 13m;

HMHWRC005
9m at 1.51 per cent copper and 0.18 per cent TREYO from 67m within 43m at 0.54 per cent copper from 48m;

HMHWRC002
43m at 0.52 per cent copper and 0.12 per cent TREYO from 57m; and

HMHWRC001
30m at 1.1 per cent copper from 48m and 26m at 0.14 per cent TREYO from 34m in (previously reported).

“The Hardway prospect is continuing to deliver exceptional drilling results, with these latest assays confirming that the copper and heavy rare earth mineralisation continues along the previously identified approx. two kilometres long trend,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“With this drilling still being very wide-spaced, a follow-up program for Hardway is now being designed with the aim of optimising the discovery and focusing in on zones with the best potential to add metal inventory at higher grades.

“Pleasingly, a geological review of this tenement has identified a new zone of higher grade REE and copper mineralisation at the Easy Life Prospect, which lies just 1.2 kilometres south-west of the main Hardway workings.

“This will be a priority target for follow-up exploration.

“With drilling soon to also commence at our high-grade Mount Hope copper targets, shareholders can look forward to strong upcoming news-flow from our ongoing drilling of fertile copper and gold systems in the world-class Mt Isa district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Los Cerros (ASX: LCL) managing director Jason Stribinskis

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VIDEO DIARY: Los Cerros (ASX: LCL) managing director Jason Stribinskis zoomed into The Resources Roadhouse to bring Wally Graham up to speed on the company’s PNG gold ambitions as well as a quick update on its Columbian projects.

Alto Metals (ASX: AME) managing director Matthew Bowles

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VIDEO DIARY: Alto Metals (ASX: AME) managing director Matthew Bowles speaks with Wally Graham after returning home from the 2023 RIU Sydney Resources Round-up to discuss matters they didn’t get the chance to at the conference.

Adavale Resources Granted Tanzanian Nickel Sulphide Licence

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THE BOURSE WHISPERER: Adavale Resources (ASX: ADD) has been granted Prospecting Licence (PL) PL12350/2023 covering an area of 3.74 square kilometres in Tanzania.

Adavale applied for the PL, known as Luhuma Central, via its wholly-owned subsidiary Adavale Resources Tanzania Limited having identified it as a geologically important addition to its exploration tenure, due to its historical results and being within the broader 15km Luhuma trend previously discovered by Adavale.

Adavale explained Luhuma Central is fully enclosed within PL 11692/2021, of which the company has, to date, earned a majority interest of 65 per cent with rights to earn up to 100 per cent.

“Adavale has from the outset applied for its licences on geological merit rather than nearology alone,” Adavale Resources chairman Grant Pierce said in the company’s ASX announcement.

“The company recognised Luhuma Central as a coveted area, being within favourable lithologies and with demonstrable nickel sulphide mineralisation.

“It will play a key role in our broader exploration success.

“The granting of Luhuma Central is opportune timing as Adavale has recently recommenced drilling, being an approx. 5,000 metres program and Luhuma Central will definitely feature in this program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Australian Gold and Copper IP Survey Defines Third Hilltop Drill Target

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THE DRILL SERGEANT: Australian Gold and Copper (ASX: AGC) recently completed an IP geophysical survey on the Hilltop target within the company’s South Cobar project in New South Wales.

Australian Gold and Copper had previously identified Hilltop as a high-priority base-metal gold target via target generation and regional reconnaissance programs that were followed-up by soil and rock chip sampling.

The company carried out an eight square kilometre gradient array induced polarisation (IP) survey, along with a dipole-dipole survey line, which it declared to have confirmed the presence of a strong chargeability anomaly at the Hilltop target.

This new IP anomaly adds to Achilles IP targets AGC had announced 20km to the north which had defined two compelling drill targets.

“This Hilltop chargeability anomaly is as clear a drill target as I have seen,” Australian Gold and Copper managing director Glen Diemar said in the company’s ASX announcement.

“It is a Federation look-a-like, with the shallow and high amplitude geophysics neatly coinciding with soil and rock chip geochemistry.

“The new rock chip results also add to this growing story.

“We are bringing massive discovery potential of the Cobar Basin southward.

“With the two exceptional Achilles IP targets, this one at Hilltop and a third IP survey underway at Planet, AGC’s forward path is very clear.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Receives Encouraging Assay Results from Misho Nickel Prospect

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) shared assay results from a recently completed Reverse Circulation (RC) drill program at the company’s Misho nickel prospect in the Kambalda district of Western Australia.

Maximus Resources reported the RC drilling had encountered disseminated nickel-bearing sulphides at basal contact, with high-grades up to 1.3 per cent nickel.

Assay results include:

MHRC001
13 metres at 0.8 per cent nickel, 558ppm copper, 115ppb PGE from 22m, including 1m at 1.3 per cent nickel, 1190ppm copper, 304ppb PGE from 23m and 1m at 1.2 per cent nickel, 776ppm copper, 170ppb PGE from 28m; and

MHRC003
12m at 0.7 per cent nickel, 1256ppm copper, 176ppb PGE from 13m, including 3m at 1 per cent nickel, 1793ppm copper, 247ppb PGE from 16m.

Maximus Resources said its next step would be drilling in the down plunge direction at Misho to assess the continuity of mineralisation at depth.

To that end a RC drill program is expected to take place soon that will also involve several other nickel targets to follow up on nickel, copper, and PGE mineralisation previously identified via recent aircore programs.

“The initial RC program at Misho was designed around elevated nickel, copper, and PGE aircore drill intersections and build our geological understanding at Misho,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“Encouragingly, the RC program has intersected several shallow occurrences of disseminated pyrrhotite and pentlandite sulphide minerals within broader mineralised zones, confirming a fertile nickel sulphide-bearing komatiite channel at Misho.

“The initial RC drill program focused on the apex of the known magnetic flexure, which is interpreted to be the bottom of the komatiite channel.

“Based on our RC drill results and downhole electromagnetic (DHEM) survey, a shallower northerly plunge setting needs to be investigated in a follow-up drill program.

Due to the presence of a strong sedimentary conductor approx. 200 metres east of the target area the DHEM did not identify any possible off-hole nickel sulphides.

“There is still a strong chance of massive sulphide discovery, since conventional geophysics cannot identify the known mineralised intersections.

“We are still in the early stages of our exploration journey at Misho, the presence of shallow disseminated sulphide nickel, copper and PGE mineralisation is a positive indicator for potential massive nickel sulphide accumulations nearby.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE