Larvotto Resources Hits Encouraging Maiden Rare Earth Results at Merivale South

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) reported the first total rare earth element oxide (TREO) results from the company’s 100 per cent-owned Eyre project located outside of Norseman in Western Australia.

Larvotto Resources completed aircore drilling at the Merivale South prospect within the Eyre project, producing initial drill results of multiple wide, near surface intersections of TREO.

The company expects mineralisation is hosted within ionic clays, making them suitable for simple, cost-effective extraction.

Highlights include:

MSAC001
6 metres at 3140 ppm TREO from 18m, with 17.33 per cent combined neodymium praseodymium (NdPr) and 2.93 per cent dysprosium;

MSAC002
6m at 2130 ppm TREO from 18m, with 16.59 per cent combined NdPr and 2.94 per cent dysprosium; and

MSAC002
5m at 2841 ppm TREO from 24m, with 20.50 per cent combined NdPr and 1.68 per cent dysprosium.

Larvotto will send selected 6 metre field samples to be resampled on 2 metre intervals to provide greater definition of the TREO mineralisation and to provide material for future metallurgical testwork.

Others will be sent for immediate metallurgical testing to determine if the mineralisation is associated with ionic clays and provide an indication of potential recoveries.

This work will determine the extent of future drilling.

“This is an extremely encouraging result from first pass drill testing of just a small section of one of our rare earth element (REE) anomalies,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The results compare favourably with those quoted by leading companies in the field, with excellent heavy TREO and NdPr ratios.

“Widths are also very good and close to the surface.

“We look forward to the results from metallurgical testing to determine the amenability of the mineralisation to extraction.

“Given the huge size of the anomaly, this could just be the tip of the iceberg and this round of drilling could be the beginning of a significantly larger drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Eagle Mountain Mining Encounters Multiple High Grade Oracle Ridge Intercepts

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported results from recent drilling at the company’s 100 per cent-owned Oracle Ridge copper mine project in Arizona, USA.

Assay results have been received for 15 drill holes that encountered high-grade zones that the company has interpreted to demonstrate mineralisation is not uniform resulting in areas potentially yielding very high grades.

Eagle Mountain believes this could be an indicator of a larger system or thicker areas in the vicinity.

Diamond drilling from surface intersected multiple narrow high-grade veins, including:

WT-22-175
25.5 per cent copper, 1,935 grams per tonne silver and 15.2g/t gold over 0.6m.

This result was from a resource upgrade hole located in the north-east Oracle area.

Drilling carried out around the historic Daily mine area, which falls outside the project’s existing resource also returned high-grade results.

The company now has underground drilling well underway, targeting resource upgrades and extensions and is ramping up an underground wall sampling program ramping-up with the aim to upgrade existing resources and model very high-grade zones within the mine.

At this stage assays for wall sampling are pending as are assay results from nine surface holes and five underground holes.

“We are pleased to see more impressive high-grade assay results at our Oracle Ridge project, including one of the highest copper and silver assays ever recorded,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“These very high-grade zones demonstrate that the mineralisation at Oracle Ridge is not uniform and there are areas of spectacular grade.

“Could these zones be an indicator of a larger system or thicker areas in the vicinity?

“One key objective of the recently commenced underground sampling and mapping program is to assess the extent of these very high-grade zones which could have a considerable positive impact on the resource model and potential future mining operation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources (ASX: DRE) managing director Dean Tuck

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VIDEO DIARY: Dreadnought Resources (ASX: DRE) managing director Dean Tuck zoomed into The Resources Roadhouse to tell Wally Graham about the recent drilling results the company has achieved at the Yin deposit within the company’s 100 per cent-owned Mangaroon rare earths project in Western Australia.

Sayona Mining Produces Saleable Lithium Concentrate at NAL

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has achieved production of the first saleable spodumene (lithium) concentrate at the company’s North American Lithium (NAL) operation in Québec, Canada.

Sayona Mining has produced approximately 1,200 tonnes, including SC6 (6% lithium grade), which it said demonstrates the ability to produce commercial concentrate.

The company indicated the NAL project’s restart continues to proceed on schedule and within budget, with the first lithium shipment expected to occur in July 2023.

Sayona is targeting total production between 85,000 and 115,000 tonnes during the first half of fiscal 2024.

“Congratulations to the whole team at NAL for delivering yet another milestone on time and within budget,” Sayona Mining managing director Brett Lynch said in the company’s ASX announcement.

“Having witnessed first‐hand the operation’s restart I can only express admiration for this achievement, which demonstrates we have the experience and expertise to run a successful operation.

“As the electrification revolution continues, Québec is in pole position thanks to its sustainable hydropower, leading infrastructure and proximity to market.

“For Sayona, the opportunity is only getting bigger and we are proud to play our part as North America’s emerging leading hard rock lithium producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ausgold Drills High-Grade Gold Results in New Zones at Katanning

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THE DRILL SERGEANT: Ausgold (ASX: AUC) reported initial results from a multi-rig drilling program it kicked off in December 2022 at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Ausgold declared the new drilling carried out at the Katanning Northern Zone identified high-grade mineralisation outside the current KGP 1.28 million ounces Ore Reserve, in particular high-grade mineralisation discovered in new zones at the Datatine prospect located five kilometres north of the main Katanning Resource.

Two initial diamond drill holes from the program intersected high-grade mineralisation with bonanza zones showing visible gold and grades up to 99 grams per tonne gold, including:

BSRCD1596
3.3 metres at 11.47 grams per tonne gold from 218.9m, including 0.3m at 99.3g/t Au and 0.3m at 13.2 g/t gold;

BSRCD1597
7.4m at 4.54g/t gold from 231.6m including 6.0m at 5.51g/t gold; and

BSRCD1596
2.7m at 10.73g/t gold from 180.2m including 0.4m at 63 g/t gold.

“High-grade mineralisation intersected in the Northern Zone at Datatine demonstrate the real scale potential at Katanning,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“Importantly, continued exploration success underpins the company’s recent decision to assess development options for a significantly larger gold operation than originally contemplated.

“These results confirm the discovery of new zones of high-grade gold mineralisation in the north, outside the current 1.28 million ounces Katanning Ore Reserve.

“Gold grades at Datatine appear likely to support both an open pit and an underground operation and could add valuable high-grade ounces to the operation.

“The early results from the 25,000 metres drilling program are very promising and only continue to reinforce our view that Katanning will only get larger.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Encounters Thick, High-Grade Intercepts From Surface at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) has continued to encounter encouraging results from RC grade control drilling underway at the planned bulk sample pit location within the company’s Apollo Hill gold project in Western Australia.

Saturn Metals said recent drill results within the planned bulk sample pit area have provided further definition around some of the deposits higher grade architecture while highlighting potential for a positive reconciliation between the current Mineral Resource Model and any new grade control model in this area of the deposit.

He drilling has also confirmed the target area as a suitable location for a low strip bulk sample pit and demonstrated potential for highly payable ores at surface across the deposit.

Broad and high-grade, intersections from surface include:

AHRC0897
55 metres at 2.12 grams per tonne gold from 0m, including 19 m at 5.59g/t gold from 0m, including 10m at 10.4g/t gold from 6m;

AHRC0896
36m at 2.34g/t gold from 0m, including 9m at 8.19/t gold from 0m;

AHAC0876
52m at 1.03g/t gold from 0m, including 22m at 2.07g/t gold from 30m, including 4m at 8.71g/t gold from 48m; and

AHRC0872
47m at 1.03g/t gold from 0m, including 14m at 2.65g/t gold from 12m.

“Results indicate the potential for a significant amount of gold in a relatively small portion of the deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The implications for both the planned pilot heap leaching operation and the bigger project are quite positive.

“We look forward to updating our plans for the bulk sample pit with this new drilling information and to receiving and reporting on the next batch of assays from the drilling completed to date.

“Geological learnings from this more detailed look at the asset are being applied to the greater Apollo Hill deposit to help guide our ongoing exploration and resource development activities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

De Grey Mining Continues Resource Definition and Extensional Drilling at Brolga

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has carried out Resource definition drilling at the Brolga and other zones at the Hemi gold deposit as part of a DFS of the company’s Mallina gold project in Western Australia.

De Grey Mining conducted the drilling to increase the amount of JORC Indicated Resources within pit designs for inclusion in the Production Schedule and Reserve of the definitive feasibility study (DFS) it currently has underway.

The Brolga zone was identified in the scoping and prefeasibility studies as an early production source for the project.

Shallow new resource definition results include:

HEDD035
50 metres at 5 grams per tonne gold, including 21m at 7.5g/t gold from 37m; and

HMRC311
12m at 5.4g/t gold from 72m, including 3m at 17.6g/t gold from 72m.

Deeper new resource definition results include:

HERC603D
38.4m at 3g/t gold from 220.8m; and

HMRC299D
37m at 2.2g/t gold from 214.7.

De Grey explained the Resource definition drilling allows more of the Brolga Resource to be classified as JORC Indicated mineralisation thus increasing potential Reserve for the DFS while providing increased confidence in the project’s projected cashflow from early production sources.

“New resource definition drilling results at Brolga confirm the consistency of mineralisation throughout the deposit and enhance the Stage 1 starter pit,” De Grey Mining general manager exploration Phil Tornatora said in the company’s ASX announcement.

“We have seen high-grade results in shallow and deeper drilling.

“The deeper, high-grade results both extend mineralisation and continue to confirm the underground potential at the Hemi deposits.

“The new results will be incorporated in an updated resource estimate for the DFS currently in progress and scheduled for completion mid-2023.

“Resource definition drilling at the Hemi deposits is nearing completion.

“Exploration will now focus on exploration aimed at making new discoveries and increasing resources, in both the Hemi district and Regional areas of the Mallina gold project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Caspin Resources Extends High-Grade Mineralisation at Serradella

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported results from drilling currently underway at the Serradella prospect within the company’s Yarawindah Brook project in Western Australia.

Caspin Resources said the latest drill results it has received demonstrate multiple zones of high-grade PGE-nickel-copper mineralisation extending over 1,000 metres of strike and remains open.

The company explained the drill program has included close-spaced drilling around the area of the YARC0036 discovery hole (17m at 2.33g/t 4E) as well as further broad step-outs to the northeast of YARC0036, towards an interpreted position of the basal contact, which it believes could host massive sulphide styles of mineralisation.

New results include:

YAD0029
8.9 metres at 2.47 grams per tonne 3E, 0.22 per cent nickel from 131.1m;

YARCD0047
3.83m at 2.39g/t 3E, 0.08 per cent nickel from 380.25m;

YARC0058
4m at 1.16g/t 3E, 0.16 per cent nickel from 54m and 3m at 1.29g/t 3E from 67m; and

YARC0065
5m at 1.16g/t 3E, 0.15 per cent nickel from 76m.

Caspin highlighted a characteristic of the PGE mineralisation at Serradella being the presence of rhodium in many of the higher-grade lode positions.

Rhodium results returned in new and re-sampled zones, include:

YARC0066
8m at 2.29g/t 4E (0.17g/t Rh), 0.11 per cent nickel from 114m; and

YARCD0052
3.83m at 3.34g/t 4E (0.11g/t Rh), 0.27 per cent nickel, from 95m.

“We’ve made a significant breakthrough in understanding the mineralisation style and geology of the Serradella prospect,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“Recognising continuity of mineralised lodes over significant strike length, close to surface, is an important step in evaluating the resource potential of the prospect.

“The extent of these lodes is limited only by the sparsity of drilling.

“More importantly, we are still intersecting high-grade mineralisation over 1,000 metres from the original discovery, demonstrating that the Yarabrook Intrusion isa large mineralised system with excellent potential for a world-class deposit.

“It is also pleasing that we are now consistently (and predictively) intersecting significant rhodium mineralisation at Serradella.

“This adds significant value to our basket of metals and a point of difference between Yarawindah Brook and other Australian PGE projects.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Meeka Metals Drills St Anne’s High-Grade Gold Confirmation

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THE DRILL SERGEANT: Meeka Metals (ASX: MEK) reported some healthy gold hits from diamond drilling completed at St Anne’s, part of the company’s 100 per cent-owned Murchison gold project in Western Australia.

Meeka Metals anticipates the drilling results to support a Mineral Resource for St Anne’s, while providing samples for comminution testing and geotechnical information for open pit design.

The company explained the recent assay results confirmed high-grade intervals returned from RC and aircore drilling carried out during 2022.

Assay results included:

22SADD001
7.8m at 2.69 grams per tonne gold from 50.2m, including 2m at 8.2g/t gold (0.7m of core loss);

22SADD002
20.7m at 3.29g/t gold from 54.3m, including 12.8m at 5.21g/t gold (4.0m of core loss); and

22SADD003
19.3m at 1.27g/t gold from 39.7m, including 2.5m at 7.04g/t gold () (2.4m of core loss).

“This drilling, completed to support the St Anne’s Mineral Resource, comminution test work and geotechnical evaluation for open pit design has confirmed the high-grade nature of the mineralisation,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“These high grades were evident even after accounting for between 0.7m and 4.0m of core loss, which is assigned zero gold grade when calculating the broader mineralised intercept.

“Additionally, the high gold recoveries, rapid leach kinetics and low cyanide consumption, reported in December 2022 point to St Anne’s making a meaningful contribution to the Pre-feasibility Study due in mid-2023.

“The initial St Anne’s Mineral Resource remains on track for the March 2023 quarter, allowing the impact of this additional Mineral Resource on our other mining centres and mill sizing to be optimised.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Reports Yin Extensional Drilling Results from Mangaroon

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported early assay results from depth extensional drilling undertaken last year at Yin, part of the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources has received assays for nine RC holes that were drilled in 2022 as part of a program to extend the Yin JORC 2012 Inferred Mineral Resource.

The company declared all nine returned substantive rare earth element (REE) mineralisation with high neodymium/praseodymium to total rare earth oxide (NdPr:TREO) ratios.

The company anticipates receipt of assays from the remaining 66 holes drilled at the C1-C5 carbonatites in 2022 and subsequent announcement during the March 2023 quarter with first pass wide spaced drilling of C1-C7 scheduled to recommence with the arrival of a second RC rig in March 2023.

The company said the results released today, along with strike extension drilling currently underway, will be used to update the current Yin Resource of 14.36 million tonnes at 1.13 per cent TREO.

“These recent results are as expected and continue to demonstrate the scale potential of Yin,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Extensional and first pass drilling at Yin is progressing.

“We look forward to having the additional rigs on site and to recommence the first pass, wide spaced C1-C7 carbonatite drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE