Greenstone Resources Continues High-Grade Gold Hits at Burbanks

THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported results from a Phase-1 drill campaign underway at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Greenstone Resources said the results had continued to reaffirm the high-grade nature of Burbanks, while also extending the known mineralised strike horizon by 25 per cent.

The company explained the Phase-1 drill campaign is targeting the unclassified mineralisation supporting its recent JORC (2012) Exploration Target range of 3.3-3.6 million tonnes at 2-2.8 grams per tonne gold for 215,000 – 230,000 ounces of contained gold.

This Exploration Target is separate from the Mineral Resource of 3.4 million tonnes at 2.5g/t gold for 277,547 ounces and does not include over 2km of largely untested strike potential.

Intercepts from the Phase-1 drill campaign include:

BBRC405D
3 metres at 7.28 grams per tonne gold from 131m, including 1m at 19.2g/t gold from 132m;

BBRC377D
3.2m at 4.71g/t gold from 185.8m, including 0.37m at 29.5g/t gold from 185.8m; and

7.8m at 3.01g/t gold from 194.7m, including 1.4m at 8.64g/t gold from 196.6m.

“The current Phase-1 drill campaign continues to exceed our expectations, highlighting the true geological potential of Burbanks,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Following from the recent intercept in BBRC371D of seven metres at 57.84 grams per tonne gold from 90 metres in December, we have not only continued to deliver further high-grade intercepts, but also grow the known mineralised strike horizon by a further 25 per cent.

“The high-grade nature of Burbanks should not be understated, as over the past ten years since 2012 the average open pit grade has declined 16 per cent to 1.29g/t gold, whereas Burbanks has subsequently joined an exclusive list of ASX-listed Australian gold projects with a resource grade greater than 2.5 grams per tonne.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Elementos Commences Exploration Drilling at Oropesa Tin Project

THE DRILL SERGEANT: Elementos (ASX: ELT) has commenced an eight-hole exploration drilling campaign at the company’s Oropesa tin project in Spain.

Elementos explained the drilling will target additional mineralisation outside the project’s 2021 Mineral Resource Estimate (MRE).

The drilling has been designed based on results from the recent 10-hole infill drilling and a geotechnical drill program in 2022 at Oropesa.

Five shallow diamond drill holes will target potential up-dip and therefore shallower mineralisation towards the southeast margin of the Mineral Resource.

Three diamond drill holes will target potential extensions to tin and zinc mineralisation intersected in one of the earlier geotechnical drill holes from 2022 located northwest of the current Mineral Resource boundary.

Elementos is currently awaiting one batch of assays to finalise an update to the 2021 MRE and support Oropesa’s Definitive Feasibility Study (DFS).

“We are advancing rapidly towards completing the DFS and increasing the confidence of the Mineral Resource Estimate,” Elementos managing director Joe David said in the company’s ASX announcement.

“However, Oropesa remains prospective for additional mineralisation so it’s quite exciting to kick off this exploration drilling program which will test extensions to our current Mineral Resource.

“Additional mineralisation, if intersected, should give our shareholders extra confidence that Oropesa’s Mineral Resource is yet to be fully defined and the possibility that additional mineralisation and therefore mine life may exist outside the known mineralisation.

“Exploration is underway during a time when the tin price is surging, based on what appears to be a return to fundamental supply-demand analysis which shows a significant deficit in the tin market from 2024/2025 onwards.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Increases Mineralised REE Ironstones

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) completed regional surface sampling that has extended the current strike of the Yin Rare Earth Element (REE) Ironstone Complex at the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources reported the surface sampling along the Yin REE Ironstone Complex has increased the mineralised ironstones by approx. 13 kilometres to around 43kms, including the addition of two further ironstone trends (Y9 and Y42).

Latest results include:

From Y42:
MNRK0602
4.68 per cent total rare earth oxide (TREO), 2.25 per cent neodymium (Nd2O3)+ Praseodymium (Pr6O11) (48% NdPr:TREO); and

MNRK0598
5.65 per cent TREO, 2.54 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

From Y9:
MNRK0650
4.05 per cent TREO, 1.01 per cent Nd2O3+Pr6O11 (25% NdPr:TREO); and

MNRK0652
3.77 per cent TREO, 1.09 per cent Nd2O3+Pr6O11 (29% NdPr:TREO)

From Yin:
MNRK0612
5.12 per cent TREO, 2.26 per cent Nd2O3+Pr6O11 (44% NdPr:TREO); and

MNRK0611
1.68 per cent TREO, 0.75 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

Y42 has produced some of the highest NdPr:TREO ratios to date while Y9 greatly expands the scale of the Yin Ironstone Complex being located some 12kms northwest of Yin.

“These results further emphasise the ever-increasing scale of the critical metals at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With only one surface sampling program we have: increased the mineralised ironstones by over 40 per cent; confirmed increasing NdPr:TREO ratios at Yin; discovered two new ironstones at Y9 and Y42; and confirmed that the C7 carbonatite is mineralised.

“With over 43 kilometres of mineralised ironstones, a multi-metal, regional source at C3 and six more potential source carbonatites, we are extremely excited about what the drill rigs will deliver for us in 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

WA Government Removes False Teeth to Put Bite on Climate Change

COMMODITY CAPERS: The Western Australian Government has decreed it will be introducing legislation to provide a framework for Western Australia’s climate response by formalises the State Government’s goal of net zero emissions by 2050.

In a media release, the McGowan Government said it intends this year to introduce climate change legislation to establish a framework for responsible emissions reductions to meet Western Australia’s goal of net zero by 2050.

The announcement didn’t go into any great detail, as you would probably expect from the first tidbit to be released, however it did supply a string of bullet points aimed to excite journalists, as follows.

“This legislation will also formalise our ambitious aim to reduce Government emissions by 80 per cent below 2020 levels by 2030.”

Exactly what “Government emissions” are has yet to be fully outlined, but no doubt these will become clearer closer to the time.

“It will provide a framework for the State’s climate change response and give industry, business and investors certainty and stability.”

“Certainty and Stability”, again, no great detail, but we have 27 years to gain some insight.

“The legislation will create statutory requirements for the State Government to set interim emission reduction targets and develop strategies to adapt to the impacts of climate change.”

A nice way of saying that they have climate change and the effects thereof in mind, but at this stage they’re not overly sure of what they should be doing.

“It means WA will have clear and necessary policies to reduce emissions, helping to mobilise private sector capital for the net zero transition and enhance climate resilience.”

This will most likely make it easier for the Government of the time, whatever persuasion they may be, to rely on the private sector to lead the way.

“The legislation will ensure accountability and transparency requiring the Minister for Climate Action to report annually to Parliament on WA’s net emissions and progress towards reduction targets.”

“Accountability and transparency” need we say more?

“Climate change is the greatest challenge of our lifetime,” According to Reece Whitby the WA Minister for Environment; Climate Action; Racing and Gaming,

“We need to take decisive action this decade.

“This legislation will help accelerate our transition to net zero emissions in a responsible and achievable way.”

The climate winds don’t blow favourably for Western Australia at present with the it being the only state which has recorded an increase in emissions on 2005 levels.

The targets set by the legislation still lag the eastern states with NSW is targeting a 70 per cent reduction by 2035, and Victoria and South Australia hoping to achieve a 50 per cent cut over that period.

Fronting a phalanx of reporters, Whitby said WA was a state which has a lot of fossil fuel companies and a lot of mining companies.

“That means we have high emissions, so we’ve got a particular challenge in Western Australia.”

As vague as the Government’s ambitions are at this stage, they were still given a warm reception from environmentalists who thought they could have had a stronger bite at the cherry.

“A net-zero 2050 target is a good starting point but the key to this new legislation will be setting adequate five-yearly interim emissions targets,” the Conservation Council of WA’s Maggie Wood was reported to have said.

“We cannot allow for a model which permits unsustainable amounts of pollution right up until 2050, polluters must be compelled to make meaningful cuts to their emissions as quickly as possible if we are to avoid the worst extremes of climate change.”

 

Meeka Metals gets REE Mineral Resource Drilling Underway at Circle Valley

THE DRILL SERGEANT: Meeka Metals (ASX: MEK) has commence infill drilling for rare earths at the company’s 100 per cent-owned Circle Valley project in Western Australia.

Meek Metals reported the 2023 infill program will focus on the north-western zone where high total rare earth oxide (TREO) grades, up to 6,894ppm, are coincident with shallow cover.

The company said the mineralisation at Circle Valley demonstrates a high proportion of the grade, up to around 30 per cent of the TREO grade, as valuable neodymium and praseodymium (NdPr) magnet rare earths.

Meeka indicated it would also be looking to build on the high-grade gold results achieved at Anomaly A.

Delivery of an initial rare earth Mineral Resource is targeted for the June 2023 quarter.

“Results received in 2022 show a shallowing cover profile to the northwest at Circle Valley, corresponding with a +1,000ppm high-grade component of the rare earth mineralisation, rich in NdPr magnet rare earth elements,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“This shallow high-grade mineralisation trends northwest into an undrilled part of Circle Valley, which will be the focus for Mineral Resource drilling now underway.

“Confidence to advance our rare earth projects to the Mineral Resource development stage is bolstered by the positive results from our ongoing metallurgical test program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Kin Mining Continues Growth Potential with Results from Helens East

THE DRILL SERGEANT: Kin Mining has added further potential to the company’s 100 per cent-owned 1.4 million ounces Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin mining reported assay results from Reverse Circulation (RC) drilling completed towards the end of last year at CGP targeting a new high-grade exploration opportunity along the Eastern Corridor.

The company said the drilling had confirmed the presence of higher-grade, quartz-sulphide lode style mineralisation below and along strike from shallow 35,000 ounces Mineral Resources at Fiona, within an emerging high-grade structure known as the Helens East Fault.

This newly identified quartz-sulphide vein-style mineralisation remains open in all directions along strike and down-dip with the potential for the current one kilometre strike length to extend up to two kilometres with further drilling below a defined gold-in-soil anomaly.

“Our exploration strategy targeting high-grade potential along the Eastern Corridor is rapidly gaining momentum,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest assays build on the strong results reported earlier this month and show that there is an exciting new exploration opportunity based on a high-grade lode style of mineralisation at Cardinia, located below and along strike to some of our existing shallow deposits.

“Confirming the presence and continuity of high-grade mineralised zones opens up an important new avenue for our exploration team to target new, high-grade discoveries within the Eastern Corridor, complementing the shallower, bulk style resources which we have already defined.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

 

 

Aeris Resources Releases Minerals Resource for Golden Plateau

THE DRILL SERGEANT: Aeris Resources (ASX: AIS) released a maiden JORC 2012 Mineral Resource Estimate (MRE) for the Golden Plateau deposit, located within the company’s 100 per cent-owned Cracow tenement package in Central Queensland.

The MRE for the Golden Plateau deposit has come in at:

620,000 tonnes at 3.1 grams per tonne gold and 15g/t silver for 62,000 ounces of gold metal and 300,000 ounces of silver metal.

The MRE includes an Indicated Resources of:

130,000 tonnes at 3.4g/t gold, 18g/t silver for 14,000 ounces gold and 70,000 ounces silver.

And Inferred Resources of:

490,000 tonnes at 3g/t gold, 15g/t silver for 48,000 ounces gold and 230,000 ounces silver.

The Golden Plateau deposit is located 1km north from Aeris’ Cracow Processing Facility and is situated along a regional northwest trending epithermal quartz vein structure that has been traced along a total strike length of 7km to 10km.

“This maiden Mineral Resource and Exploration Target validates our long-held view that the Golden Plateau deposit has the potential to play an important part in extending the life of our Cracow Operation,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“The focus is now on conceptual mining studies to incorporate the deposit into the mine plan and to continue drilling the defined Exploration Target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Zenith Minerals’ Drilling Results Encourage Exercising of Option to Purchase

THE DRILL SERGEANT: Zenith Minerals (ASX:ZNC) received decision-making gold assay results from the Dulcie Far North prospect, within the company’s Split Rocks gold project, located in the Southern Cross-Forrestania Greenstone Belt of Western Australia.

The drilling, completed over Dulcie Far North late last year, returned gold results of:

SRRC018
12 metres at 6.07 grams per tonne gold from 108m, including 5m at 10.5g/t gold from 113m;

SRRC016
25m at 0.56g/t gold from 69m, including 3m at 2.39g/t gold from 91m; and

SRRC009
5m at 1.49g/t gold from 30m.

Zenith took much encouragement from the Dulcie Far North assay results, so much so the company exercised its Option to Purchase 100 per cent rights, title and interests over Mining Lease 77/1292 off a private syndicate.

Zenith intends to complete a program of infill RC drilling and diamond tails in March to fully gauge the size of the mineralising system ahead of undertaking resource modelling within the first half of 2023.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Latin Resources Confirms Colina West Potential

THE DRILL SERGEANT: Latin Resources reported on drilling results achived from drilling undertaken last year on the Colina West area at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Latin Resources said assay results received from 2022 diamond drilling confirmed the Colina West prospect represents an exceptional resource growth opportunity.

Over 67m (cumulative) of mineralised lithium pegmatites were intersected in one hole, located approx. 200m along strike to the south of the Colina West discovery hole, returning intersections of:

SADD055
13.73 metres at 1.38 per cent Li2O from 200.19m;
16.08m at 1.07 per cent Li2O from 306.69m;
10.85m at 1.96 per cent Li2O from 322.15m;
11.16m at 1.61 per cent Li2O from 360.17m; and
16m at 1.61 per cent Li2O from 393.6m.

“The Colina West area is shaping up to be a critical new discovery,” Latin Resources geology manager Tony Greenaway said.

“The thick high‐ grade mineralisation we have encountered here is on par with, or arguably better that the main Colina deposit.

“The potential scale of the Colina West discovery, highlighted by these latest results, means that this area is a major focus for our current 2023 drilling campaign.

“We believe, that with more drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Medallion Metals Salutes High-Grade Gold and Copper at Flag Deposit

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reporteding extensional drilling results from the Flag deposit, located within the Kundip Mining Centre (KMC) that is part of the company’s Ravensthorpe Gold Project (RGP) in Western Australia.

Medallion Metals said diamond drilling carried out in 2022 had intersected the Flag Main Lode in the footwall to the Main Lode.

Assay results from the veins include:

DD22KP1138
0.92 metres at 34.2 grams per tonne gold, 0.5 per cent copper, 16.4g/t silver from 283m – Flag Main Lode; and

0.45m at 118g/t gold, 9.3 per cent copper, 61.1g/t silver from 319.9m – Flag Fault Cross Lode.

Medallion considers the continuation of high-grade results in the area extremely positive for the potential extension of Mineral Resources at the Flag deposit.

“Exciting high-grade results like these continue to build confidence at Flag,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“These results, combined with previous drilling and historical underground mapping gives us great confidence the deposit can be mined successfully from underground.

“Importantly, the structure remains open with the possibility of further extensions from follow up drilling currently being planned.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE