Musgrave Minerals Reports Strong Drill Results from Amarillo

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported gold assay results from reverse circulation (RC) drilling at the Amarillo prospect on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia.

The Amarillo prospect is south-west of the White Heat discovery and all the new high-grade intersections come from outside the current Mineral Resource estimate boundaries, which Musgrave said will enable future resource growth as further drilling continues to define and constrain the mineralisation.

Results include:

22MORC060
7 metres at 23.7 grams per tonne gold from 102m, including 1m at 118g/t gold from 107m; and

22MORC063
1m at 17.7g/t gold from 80m.

Two parallel lodes have now been identified at Amarillo with a combined strike of approximately 400m.

Resource definition drilling at Amarillo is currently being planned with a maiden resource estimate likely in late 2022.

“This is another series of good results and further confirmation that our exploration methodology at Cue is very effective,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further infill drilling is planned at the new Amarillo discovery to support a maiden Mineral Resource Estimate that will likely be completed in late 2022.

“The Resource Estimates for White Heat-Mosaic and Big Sky are progressing with the further receipt of drill results awaited, and will be announced on completion late next quarter.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Firefinch Increases Viper and N’Tiola Resources

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THE DRILL SERGEANT: Firefinch (ASX: FFX) has updated the Mineral Resource Estimates or the Viper and N’Tiola deposits within the company’s Morila gold project in Mali.

The updated Mineral Resource Estimate at Viper stands at 3.23 million tonnes at 1.15 grams per tonne gold for 119,000 ounces of gold, compared to the previous estimate of 1.55 million tonnes at 1.05g/t gold for 52,000 ounces of gold.

This includes 2.47 million tonnes at 1.16g/t gold for 93,000 ounces of gold in the Measured and Indicated categories.

The Viper deposit is approx. 26 kilometres from Morila and is accessed via a haul road from the plant.

Mineralisation at Viper has now been defined over 1.5 kilometres of strike and to depths of 200 metres.

The updated MRE at N’Tiola is 2.9 million tonnes at 1.03g/t gold for 96,000 ounces of gold.

This compares to the previous estimate of 2.43 million tonnes at 1.04g/t gold for 81,000 ounces of gold.

The Mineral Resource includes 2.55 million tonnes at 1.03g/t gold for 84,000 ounces in the Measured and Indicated categories.

The N’Tiola deposit is approx. 25 kilometres from the Morila plant, around 5 kilometres northeast of the Viper deposit and is also accessed via a haul road.

Drilling at N’Tiola in 2021 defined near-surface mineralisation at the northern and southern extremes of the deposit.

Drilling during 2022 will test for extensions to higher grade zones of mineralisation as well as test parallel zones inferred in geological interpretation.

“We set out to develop the satellite pits into a solid and confident source of ore to bridge between the tailings treatment operation that we inherited to full production form the Morila Super Pit,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“This investment in drilling has delivered that with now over 200,000 ounces of resource in these two deposits alone and we expect a solid increase in Reserves at these pits to follow.

“We are already delivering ore from Viper as we start to ramp up to full production from Morila.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Revolver Resources Locked and Loaded for North Queensland Exploration

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COMMODITY CAPERS: Revolver Resources is a copper exploration company that listed on the ASX in September last year with a self-proclaimed focus on development of natural resources to meet the world’s accelerating electrification needs.

The company has advanced copper projects in Queensland: Project Osprey; and the Dianne project.

The Dianne project, which was once one of the highest-grade operating copper mines in the world and has left a remaining orebody ripe for redevelopment, located in North Queensland’s polymetallic Hodgkinson Province.

The Dianne Copper Mine produced 63,758 tonnes of high-grade copper ore with an average grade of 22.7 per cent from open cut and underground operations between 1979 and 1983 before mining operations ceased.

Work carried out by Revolver at Dianne to date has the company already labelling it an emerging potentially high-grade multi-mineral new discovery.

Assays released earlier this year indicate much higher grades and higher volumes of copper, zinc, cobalt and gold than what the company had previously thought existed within the project.

The company now views the Dianne project as one of enormous untapped potential pointing to the highly encouraging and exciting results it has achieved to reveal a far more extensive mineralised and multiple commodity system than has been previously understood.

“These results offer the potential of expanding the known mineralisation significantly,” Revolver Resources managing director Pat Williams said.

“Put into context, the assay results we have from these samples – which were obtained only from surface – highlight ore grades greater than the average grade of some mines operating today.

“The pathway to material, low-cost, near-term production has been greatly enhanced with this new information.

“Our systematic exploration program on the Dianne project is unveiling a considerable mineralised system and its inherent characteristics, and this is rapidly evolving how we adapt to efficiently continue to explore and grow the size of the ultimate resource.

“Our exploration methodology is being validated and we are opening up multiple parallel work fronts to bring forward further critical information about the full potential of the Dianne project.”

Project Osprey lies within Queensland’s world class North-West Minerals Province, where exploration has confirmed the characteristics of both Iron Oxide Copper Gold (IOCG) and Mt Isa style copper mineralisation systems.

The area is no stranger to the industry with world -class mines already established in the region, including Mt Isa copper mine, George Fisher/Hilton copper mine, Century zinc mine as well as the Mount Gordon deposits – Mammoth, Esperanza and Esperanza south and Ernest Henry.

Revolver is targeting Mt Isa style copper mineralisation within several already identified zones.

The company has reinterpreted historical regional geology by using gravity, magnetic, and drilling data that has demonstrated its geological targets occupy the (faulted) contacts of the basaltic basement with sediments of the younger McNamara Group (termed Paradise Creek and Lady Loretta Formations).

Revolver has established an exploration program for the next two years for Project Osprey to include phases of diamond drilling, further geophysical EM and IP surveys.

 

 

Email: hello@revolverresources.com.au
Web: www.revolverresources.com.au
Directors: Pat Williams, Paul McKenna, Brian MacDonald

 

Aurumin Identifies Mt Palmer Lithium Potential

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THE DRILL SERGEANT: Aurumin (ASX: AUN) released some interesting news regarding the company’s 100 per cent-owned Mt Palmer project in Western Australia.

Although Mt Palmer has a history of high-grade gold production, producing approximately 158,000 ounces at 15.9g/t gold before ceasing commercial operations in 1944, Aurumin claims to have confirmed prospectivity for lithium pegmatites within the project.

Aurumin completed a broad spaced Ultrafine soil sampling program in the southern portion of its Mt Palmer tenements, collecting around 350 samples.

The company explained a preliminary assessment of these samples using a desktop XRF Bruker CTX instrument was completed by Portable Spectral Services, using that company’s in-house developed and proprietary Lithium Index Calibration that acts as a proxy for lithium concentrations as pXRF instruments are unable to directly detect lithium.

The Lithium Index identified multiple targets, some of which are coincident with historically logged pegmatite in drilling with intercepts up to 50m downhole and where outcropping pegmatite has been observed from field work.

“Pegmatites are well known around the Mt Palmer area, and they cut-off some of the gold lodes at the historical Mt Palmer mine,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“As exploration work for 2022 has a more regional focus we have been considering other commodities.

“The recent identification of flatter lying pegmatites in the south of our tenements, analogous to those of Mt Holland, is a result of continuing to build our dataset from pre-digital records and shows the value of this work.

“We are pleased to add this extra dimension to Mt Palmer for 2022 and the program is prospective for both gold and lithium.

“Our phase 1 soil samples and associated rock chip samples are currently at the laboratory for full multi element analysis.

“An infill (phase 2) soil sampling program, is currently in progress and we plan to undertake a reconnaissance drilling program as soon as practicable after receiving approvals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurumin.com.au

 

Web: www.aurumin.com.au

 

Stavely Minerals Scores High-Grade Gold Results at Toora West

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported results from recently completed follow-up diamond drilling at the Toora West porphyry prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in western Victoria.

Stavely Minerals commenced the three diamond hole program at the Toora West prospect in early December 2021, which was completed in early January 2022 to follow-up to previously announced aircore drilling results.

The company declared the drilling to have confirmed the presence of porphyry-style copper and molybdenum mineralisation as well as a later phase of unexpected high-grade gold mineralisation associated with the copper sulphide tetrahedrite.

Diamond drill hole STWD005 intersected two high-grade gold zones including:

0.6 metres at 4.27 grams per tonne gold, 0.31 per cent copper, 2.6g/t silver and 130ppm molybdenum 274.2m; and
0.6m at 8.72g/t gold, 1.85 per cent copper, 5.2g/t silver and 151ppm molybdenum from 286.7m

Drill hole STWD006 (the northernmost diamond drill hole) intersected an interval of low-grade copper anomalism, terminated by a fault, including:

27m at 0.15 per cent copper from 112m down-hole.

Drill hole STWD007 intersected an interval of silver mineralisation near-surface and deeper intervals of copper and molybdenum mineralisation:

16m at 16g/t silver from 52m, including 1m at 150g/t silver from 65m;
27m at 0.14 per cent copper from 268m;
2m at 0.24 per cent copper, 0.19 g/t gold, 1.8g/t silver and 103ppm Mo from 335m;
1m at 0.19 per cent molybdenum from 477m; and
1m at 0.13 per cent molybdenum from 495m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

“While the Toora West porphyry prospect is at an early stage of reconnaissance exploration, we are excited by what our recent drilling and geophysical programs have revealed,” Stavely Minerals chair and managing director Chris Cairns said in the company’s ASX announcement.

“It is a real positive that our regional targeting methodology has been so successful in identifying ‘blind’ targets under basalt and transported cover with a success rate of around 80 per cent to date.

“The key attributes that are providing encouragement to vector into a shallow porphyry target include potassic alteration in the form of secondary biotite (a potassium-rich mica) and potassium feldspar alteration on the margin of porphyry-style quartz-sulphide veins.

“The sulphide assemblage includes pyrite, molybdenite, chalcopyrite and bornite mineralisation.

“It is also very pleasing that the system demonstrates potential for high-grade gold as a late mineralisation phase.

“Additionally, the unidirectional solidification textures noted in drill core indicate we are at the top of a porphyry system.

“This suggests that we are not looking at a porphyry target that is at a kilometre depth, it is likely much closer to surface.

“A recently completed drone magnetic survey has highlighted a distinct magnetic high with a concentric magnetic low annulus in an area where recently completed aircore drill holes are logged as displaying potassic alteration.

“The magnetic feature in combination with the potassic alteration presents a very compelling drill target.”

 

 

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

Galan Lithium Surveys Positive Anomalous Soil Assays at Greenbushes South

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) recently completed the first exploration sampling and mapping work undertaken by the company at its Greenbushes South lithium project in Western Australia.

The Greenbushes South lithium project is a Joint Venture between Galan (80%) and Lithium Australia (ASX: LIT) (20%).

Galan Lithium has received the results of a completed geochemical survey covering 425 soil samples and 14 rock chip samples taken at the northern edge of its E70/4790 tenement and at the mapped location of the Donnybrook-Bridgetown Shear Zone (DBSZ).

The DBSZ a primarily associated with syntectonic emplacement of the lithium-bearing pegmatites of the Greenbushes mine to the north.

After the raw data from the survey has been processed it will be sent to Southern Geoscience Consultants, who have been contracted to interpret results for potential lithium targets.

Pathfinder elements such as arsenic and antimony have been demonstrated in elevated levels in soil samples near the trace of the DBSZ.

When combined with historical data in the area, Galan believes this indicates the strong potential for pegmatite targets within pending applications to the north.

Other pathfinder elements such as tin and rubidium show a broad lag signal east of the DBSZ.

“We are excited with the prospectivity at our Greenbushes South lithium project and are encouraged with the new soil sample results that continue to indicate that the tracing elements that are found within the Donnybrook sheer zone may well host lithium pegmatites the same as in the Greenbushes mine bordering to the north of our tenements,” Galan Lithium managing director JP Vargas de la Vega said in the company’s ASX announcement.

“Galan looks forward to further strengthening its geological data and knowledge within its tenements as soon as the report from our consultants is completed.

“The results will formulate our next exploration phase when we will be able to generate and prioritise specific exploration targets in the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

Alto Metals Keeps 2022 Momentum Running at Sandstone

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COMMODITY CAPERS: Alto Metals (ASX: AME) reported a mineral resource update for the company’s 100 per cent-owned Sandstone gold project in Western Australia.

The mineral resource estimate for the Sandstone gold project now totals 12.4 million tonnes at 1.6 grams per tonne gold for 635,000 ounces of contained gold.

The updated mineral resource incorporates updates for the project’s Lord Nelson, Lord Henry, Havilah and Vanguard Camps and was prepared by independent mining industry consultants, Snowden Optiro and reported in accordance with the 2012 JORC Code.

Highlights of the update, include:

• Resource update represents an increase of 92 per cent in contained gold at an average discovery cost of less than A$14 per ounce.

• Updated Mineral Resources constrained within $2,500/oz optimised pit-shells at a 0.5g/t gold cut-off and over 90 per cent of total ounces within 160m from surface.

• Shallow, high-grade resources remain open along strike and at depth at all deposits highlights the strong potential to continue to grow the resource inventory with further drilling.

• Excellent gold recoveries of approx. 96 per cent in fresh rock returned from preliminary gold recovery testwork (avg. of 93% across all rock types) demonstrates gold will be recoverable through a simple cyanide extraction process.

• Rapid growth at Vanguard Camp with a tripling of the resource to 2.3 million tonnes at 2g/t gold for 150,000oz and mineralisation remaining open along a +2km long NW/SE trending corridor.

• Substantial resource growth at Lord Nelson, increasing by 138 per cent to 5.3 million tonnes at 1.6g/t gold for 267,000oz and mineralisation remains open.

• Mineral Resource Estimate excludes an update for Indomitable Camp. Recent high-grade gold results outside the current resource and assays from planned drilling to be included in an update in the second half of the year.

“We view this very much as an interim resource upgrade, with significant scope to delineate additional shallow, high-grade gold ounces with the current and planned drilling at the Lords Corridor, Vanguard and Indomitable,” Alto Metals managing director Matthew Bowles said.

“The company remains focused on adding further ounces with extensional drilling and plans to mobilise additional rigs to fast-track this resource growth and also test a number of our high-priority regional targets.

“Alto completed over 60,000 metres of drilling in 2021 and the scale of growth, particularly at Lord Nelson which has more than doubled and Vanguard which has tripled in size, gives us the confidence that we can continue to materially grow the resources beyond what is currently defined at Sandstone.”

Alto has enjoyed a fairly busy 2022 thus far: before attending the 2022 RIU Explorers Conference in February, the company reported gold results from drilling completed at the end of 2021 at Sandstone.

Alto carried out the extensional drilling at the Indomitable deposit that forms part of the Indomitable Camp, which is currently defined over a two kilometres strike length and is hosted within the +20km NW/SE Indomitable/Vanguard/Havilah Trend that forms part of Alto’s priority ‘Alpha Domain’ target area.

Multiple, broad zones of gold mineralisation were intersected from shallow depths in step‐out RC drilling at the Indomitable Camp located approximately 15km north‐west of the Lords Corridor.

Results included:

SRC 574
21 metres at 2 grams per tonne gold from 46m, including 1m at 14.9g/t gold from 61m and including 1m at 6.3g/t gold from 66m, and 11m at 2.5g/t gold from 92m, including 2m at 7g/t gold from 93m.

The Indomitable Camp currently has an Inferred Mineral Resource of 1.7 million tonnes at 1.5 grams per tonne gold for 74,000 ounces. These resources remain open along strike and at depth.

“At Indomitable we have now defined mineralisation over a strike length of 500 metres, with numerous broad intersections of strong gold mineralisation, encountered from shallow depths, which remain open at depth and along strike,” Bowles said.

“Such an unusually deep weathering profile suggests the mineralisation structures at the Indomitable deposit are long‐lived and extensive, which is encouraging as it indicates the potential for a much larger system.

Commencing 2022, Alto reported on activities undertaken to close 2021 at Sandstone being gold results from the Havilah‐ Maninga Marley prospect, which along with the Havilah West target makes up the Havilah Camp that is defined over a 1,500 metre strike located less than one kilometre west of the Lords Corridor.

The Havilah deposit currently has an Inferred Mineral Resource of 371,000 tonnes at 1.7 grams per tonne gold for 20,300 ounces.

The results from Havilah confirmed continuity of high‐grade mineralisation outside the current resource and remains open down plunge, and included:

SRC551
3 metres at 1.4 grams per tonne gold from 51m and 13m at 2.5g/t gold from 104m, including 1m at 21.9g/t gold from 114m.

Alto also reported on further high‐grade intercepts achieved at the Lord Henry pitttt that included the latest one‐metre resplits of previously reported four‐metre composites from RC drilling designed to test extensions of gold mineralisation.

The results continued to highlight the presence of multiple stacked lodes of high‐grade gold, within broader zones of mineralisation, that remain open to the north.

These latest results will be incorporated into the updated mineral resource estimate for Lord Henry.

 

 

 

Email: admin@altometals.com.au
Web: www.altometals.com.au
Directors: Richard Monti, Matthew Bowles, Terry Wheeler, Dr Jingbin Wang

 

 

Caspin Resources Identifies New Conductors from Airborne Electromagnetic Survey

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) has completed a third, and final, airborne electromagnetic (AEM) survey at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources has now achieved project-wide AEM coverage, which the company says provides critical, first-pass data for the exploration of sulphide-rich, nickel-copper-PGE deposits.

The latest survey comprised approximately 1,200 line-km, on 100m spaced lines, covering 200 square kilometres along the Yarawindah Brook project’s western and northern margins, identifying several new high-quality conductors the company has interpreted to potentially represent bedrock sulphide sources.

Caspin has ranked the conductors based on their geophysical characteristics so it can plan systematic follow-up exploration programs.

Most of the conductors sit within a cluster on the Brassica trend, from which two high priority targets, XC-45 and XC-46 have emerged as strong late-time anomalies with continuity across multiple survey lines.

These anomalies appear to be in a different stratigraphic position to the previously drilled XC-05 and XC-06 conductors which intersected anomalous levels of nickel and copper sulphide in mafic rocks.

The XC-46 conductor is currently accessible and will be drilled as part of Caspin’s current drill campaign.

Caspin indicated thehe XC-22 prospect remains its current exploration focus with drilling progressing steadily, however, the company maintained it is also committed to systematically exploring the entire Yarawindah Brook project.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Gascoyne Resources Amps Up Dalgaranga Exploration Activity

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) is making good progress with the near-mine exploration strategy being implemented at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources reported new results from across multiple existing and emerging prospects, including assay results from the recently discovered zone of gold mineralisation located immediately north of the Gilbey’s open pit, the main ore source, along with further high-grade results outside the current Mineral Resource envelope at the active Plymouth Open Pit and encouraging first-pass results from the Lindville prospect, eight kilometres north of the Dalgaranga plant.

Close-spaced follow-up drilling at Gilbey’s North, immediately north of the main operating pit at Dalgaranga, delivered a series of shallow high-grade gold intercepts including:

DGRC0794
9 metres at 1.28 grams per tonne gold from surface and 29m at 1.81g/t gold from 16m, including 18m at 2.52g/t gold;

DGRC0795
38m at 2.46g/t gold from 11m, including 20m at 4g/t gold; and

DGRC0796
5m at 1.58g/t gold from 2m and 7m at 1.87g/t gold from 25m.

Drill testing to evaluate the extent of gold mineralisation at the active Plymouth Open Pit returned additional assays outside the current Resource envelope including:

DGRC0780
4m at 5.59g/t gold from 56m; and

DGRC0810
7m at 2.61g/t gold from 87m, including 4m at 4.08g/t gold.

Gascoyne has a new JORC 2012 compliant Mineral Resource Estimate (MRE) underway for the active Plymouth open pit encompassing recent drilling results.

A maiden JORC 2012 MRE for the Archie Rose prospect is also nearing completion and due for release in the coming weeks.

“Gilbey’s North is shaping up as a real game-changer for the company,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“These latest results demonstrate the continuity of consistent, thick zones of high-grade gold mineralisation both along strike and at depth – an outstanding result.

“Our smaller capacity rig has been very busy systematically punching close-spaced 54m deep holes around the highest grade, thickest shallow mineralisation at Gilbey’s North.

“These close-spaced holes will give us confidence in preparations for an initial Mineral Resource Estimate and potential mining scenarios.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

Great Boulder Resources Defines Mulga Bill Mineralisation

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported receipt of all remaining assays for Phase 5 reverse circulation (RC) and Phase 5 air-core (AC) drilling completed last year on the Mulga Bill area at the company’s Side Well gold project near Meekatharra in Western Australia.

RC Highlights include:

21MBRC076
1 metre at 97.97 grams per tonne gold from 117m;

21MBRC065
25m at 1.85g/t gold from 84m, including 1m at 25.78g/t gold from 108m; and

21MBRC083
12m at 3.23g/t gold from 93m.

AC Highlights include:

21SWAC147
3m at 6.69g/t gold from 45m; and

21SWAC149
8m at 1.79g/t gold from 80m, including 4m at 3g/t gold from 80m.

Great Boulder also received initial results from a recent 148-hole AC drill program completed in early March 2022.

This program included 25 holes exploring further south on the Mulga Bill corridor, and 123 holes testing geochemical anomalies at Jones Well.

Results from the first 19 holes at Jones Well identified anomalous mineralisation on the first target, with results pending for 106 holes in that area and four follow-up holes at the southern end of Mulga Bill.

“The balance of the RC assays at Mulga Bill have provided important information on mineralised orientations in the high-grade zones, and we are starting to see evidence of interacting sub-vertical and flat-dipping structures,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“The Side Well project is progressing simultaneously on several fronts, which is fantastic to see. We’re making good progress towards our 100,000 metres drilling target this year which will be a major step towards our goal of reporting a mineral resource estimate on Mulga Bill.”

Diamond drilling is progressing at Mulga Bill, with the program expected to be completed towards the end of March.

RC drilling is expected to recommence as soon as the diamond program is complete.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au