Killi Resources Encounters Tanami Gold Mineralisation

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) reported the first round of drilling results from aircore and diamond drill programs completed at the company’s West Tanami project in the Kimberley of Western Australia.

Killi Resources said results returned from the Fox prospect identified a 2.8 kilometre wide corridor anomalous for gold, silver and arsenic, aligning with the company’s model for a sediment-hosted gold system, and similar to those already found in the Tanami.

Multiple intercepts of anomalous gold, arsenic and silver were intersected at the Fox prospect, with all elements aligning with the geochemical fingerprint for a sediment hosted gold system.

The highest result returned was 4 metres at 135ppb gold from 72m, located at the interpreted hinge zone.

Two regional aircore lines were completed at the Trickster and Deva prospects consisting of 54 holes, which are the first drilling to be carried out over this newly identified prospective gold structure the company believes could represent the main mineralising feature from the Tanami district.

A result was returned at the eastern end of the southern line of 4m at 100ppb gold from 8m depth, in bedrock below alluvial cover.

“These results are exactly what we are looking for, and in the right rocks, as these low-level gold and arsenic anomalies are indicative of orogenic sediment-hosted gold systems throughout the Tanami,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“Callie was found on a 50ppb gold and arsenic result, so we are thrilled to have +100ppb gold intervals and to have identified the Dead Bullock sediments on our ground.

“These are the first two pieces of the puzzle, so we can now narrow in on the structures to find those fold hinges we need as the gold traps.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.killi.com.au

De Grey Mining Reports AC and RC Drilling Results From Antwerp Target

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on recent exploration drilling activities within the Greater Hemi Corridor within the company’s 100 per cent-owned Mallina gold project in the Pilbara region of Western Australia.

De Grey Mining conducted AC and RC drilling along a North-East trending structural corridor from the Antwerp target in the South-West to the Mt Berghaus target in the North-East, referred to as the Greater Hemi Corridor.

This structural corridor represents a greater than 15km long by 10km wide trend that extends east and west of the main Hemi deposits.

Results from continued AC drilling along the Antwerp trend include:

HEAC920
2m at 261 grams per tonne gold from 36m;

HAC654
1m at 41.6g/t gold from 59m; and

HAC349
3m at 2.7g/t gold from 57m.

Results from first pass reverse circulation (RC) drilling at Antwerp include:

HMRC197
6m at 4.4g/t gold from 28m;

HMRC167
6m at 2.1g/t gold from 43m; and

HMRC198
25m at 1g/t gold from 78m.

“Recent aircore and RC drilling has identified new prospective altered intrusions, anomalous gold zones and areas of encouraging multi-element geochemistry within the 15km long by 10km wide Greater Hemi Corridor, east and west of the existing deposits at Hemi,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“The discovery and recent growth of the Diucon and Eagle deposits, below an area of relatively weak aircore geochemistry results, provides encouragement with these new results that further gold mineralisation will be discovered along the Greater Hemi Corridor as drilling progresses.

“Infill aircore and deeper RC drilling will be undertaken based on ranked priorities and completion of heritage surveys.

“RC drilling will recommence in the New Year at Antwerp, to the west of Diucon and Eagle, to better test this prospective trend.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.degreymining.com.au

 

 

E79 Gold Mines Scores Multiple Gold Hits at Laverton

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported latest results from air-core drilling at the company’s Laverton South gold project in Western Australia.

E79 Gold Mines received assays for a further 50 aircore holes, the results from which have continued to confirm and extend the zone of coherent gold mineralisation discovered at Target 3.

The results also included multiple gold intercepts reported to end-of-hole, with recently received results from a newly-identified Southern Zone including:

22LRAC394
4 metres at 3.2 grams per tonne gold; and

22LRAC369
3m at 1.55g/t gold, including 1m at 3.88g/t gold to end-of-hole.

“This is a very exciting development for the company, as we are seeing a clear change from gold anomalism to gold mineralisation in the southern air-core drill lines,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“Air-core drilling has intersected two mineralised zones with gold values greater than 3 grams per tonne gold, which is an excellent early stage result.

“Both mineralised zones sit below the paleochannel, are associated with quartz veining and sit in the same stratigraphic position on adjacent drill lines, 300 metres apart.

“This new zone sits to the south of the central zone and forms part of a 2,600 metres long anomalous zone, which remains open to the south.

“With the RC rig arriving soon to test for gold at depth, we are excited to see what lies beneath Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.e79gold.com.au

 

 

Dreadnought Resources Identifies Multiple, Large Scale REE-Nb-Ti-P Carbonatites

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported on recent drilling carried out at the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources completed first pass, wide spaced 160 x 160m RC drilling of the C1-C5 rare earth element (REE) carbonatites at the Mangaroon project that resulted in the identification of six coherent zones of REE, niobium (Nb), titanium (Ti) and/or phosphorus (P) mineralisation.

“Our first pass, wide spaced drilling at C1-C5 has exceeded expectations, delivering us multiple zones of rare earths, niobium, titanium and phosphorus including the approx. 600 metres by 550 metres mineralised zone at C3,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Importantly, the carbonatite complex remains completely open and is interpreted to be significantly larger than we originally believed.

“We look forward to finishing our drilling season at C3 before coming back to site early in 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.dreadnoughtresources.com.au

 

Aruma Resources Confirms Mt Deans Lithium and Rubidium Grades

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) released first assay results from a recently completed drilling program at the company’s Mt Deans lithium-rubidium project near Norseman in Western Australia.

Aruma Resources carried out broad spaced drilling and surface sampling that identified a thick vertical sequence of lithium and high-grade rubidium bearing pegmatites over a strike length of about 1.5 kilometres.

The company declared assays have confirmed high lithium and rubidium grades from the first two holes received of:

MDRC11
7 metres at 2.03 per cent lithium and rubidium (Li2O+Rb2O) from 26m; and

MDRC09
9m at 1.23 per cent Li2O+Rb2O from 32m and 5m at 1.05 per cent Li2O+Rb2O from 45m.

“The program extended the lithium and high-grade rubidium intersected in the thick vertical pegmatite in Aruma’s first phase of drilling in the central part of the project area, and a subsequent rock chip sampling program,” the company said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.arumaresources.com

 

Blackstone Minerals Keeps News Flow Humming with Ta Khoa Drilling Update

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has been busy drilling at the company’s Ta Khoa nickel project (TKN) in northern Vietnam.

Blackstone Minerals reported assays for the most recent campaign of resource definition drilling at the King Snake Massive Sulphide Vein (MSV) deposit, which has confirmed continuity and extents of the high-grade massive sulphide core while demonstrating the presence of an associated ultramafic dyke with disseminated nickel-copper-PGE sulphide mineralisation.

Results from resource definition drilling at King Snake include:

KS22-05
6.2 metres at 0.73 per cent nickel, 0.89 per cent copper, 0.02 per cent cobalt and 3.32 grams per tonne PGE from 191.8m, including 0.7m at 1.11 per cent nickel, 4.73 per cent copper, 0.05 per cent cobalt and 18.2g/t PGE from 192.65m;

KS22-15
2.35m at 2.09 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt and 1.77g/t PGE from 313.65; and

KS22-21
6.3m at 0.85 per cent nickel, 0.41 per cent copper, 0.03 per cent cobalt and 1.12g/t PGE from 70m, including 0.8m at 4.31 per cent nickel, 1.11 per cent copper, 0.16 per cent cobalt and 2.09g/t PGE from 74.65m.

Further assays were delivered for exploration drilling at the Suoi Phang MSV target located 12km west of the Ban Phuc nickel concentrator intersecting an ultramafic dyke with net-textured and massive nickel-copper sulphide veining.

“The resource definition drilling at King Snake confirms continuity of a high-grade nickel-copper-cobalt-PGE vein and associated ultramafic dyke system closely comparable to the Ban Phuc MSV that was successfully mined in the 2013 to 2016 period and is furthermore located only 1.2 kilometres from the operational Ban Phuc concentrator,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Additionally, assay results from the early-stage drilling at the Suoi Phang prospect highlight potential for further nickel MSV deposits within the Ta Khoa dome.

“We look forward to continuing to systematically assess the massive sulphide potential at Ta Khoa.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.blackstoneminerals.com.au

 

Kin Mining Drilling Highlights Cardinia Growth Potential

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) declared a healthy start to diamond drilling being undertaken as part of the next phase of exploration and resource growth at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining recently commenced a deep diamond drilling program to evaluate a number of IP geophysical anomalies located below the Helens, Helens East, Cardinia Hill and Rangoon deposits within the Eastern Corridor.

A total of five separate targets have been identified and are being systematically tested with a series of approximately 350m deep diamond holes.

Three holes have been completed to date with drill hole IP001 intersecting visible free gold at 104.7 metres down-hole in new mineralised position east of the Rangoon Fault.

Drill hole IP001 also encountered a broad 13m zone of sericite-carbonate with disseminated pyrite mineralisation at 266m down-hole, below the Helen-Rangoon fault and in an untested area between Helens and Rangoon deposits, and similar in style to the high-grade areas of Rangoon.

“We have made an outstanding start to the current diamond drill program, which is designed to test the first generation of deeper targets at Cardinia potentially to uncover new large-scale discoveries within the exciting Eastern Corridor,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The first of three diamond holes, which were collared to test a series of Induced Polarisation (IP) anomalies, have intersected significant zones of mineralisation in the targeted position.

“Hole IP001 also intersected visible free gold in a new mineralised position, which is highly encouraging and rare in the Cardinia area.

“While it’s still early days, the results are very encouraging and show that IP works very well at mapping buried sulphide zones in the Eastern Corridor.

“The upside potential for the project is substantial!”

 

 

 

Web: www.kinmining.com.au

 

E79 Gold Mines Gets Auger Program Underway at Jungar Flats

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) has commenced a geochemical sampling program at the company’s Jungar Flats gold project in the Murchison region of Western Australia.

This follows earlier soil sampling, trialling the Ultrafine™ analytical technique, that identified gold anomalism in three of four locations tested.

These three anomalous locations all lie on the interpreted Big Bell Shear and as a result, E79 Gold is undertaking a large-scale soil sampling program to test what it considers a highly prospective corridor.

E79 Gold Mines has kicked off a 3000-plus sample auger program with the aim of testing approx. 40 kilometres of strike of this greenstone belt.

Samples will undergo Ultrafine™ analysis, an analytical technique developed by CSIRO to be able to identify geochemical anomalism.

E79 will complete this auger program this year with results expected during quarter 1, 2023.

“We are excited to commence testing of this largely unexplored greenstone belt, where our earlier trial soil sample program produced anomalous gold in three of the four locations tested,” E79 Gold Mines CEO Ned Summerhayes said in the company’s ASX announcement.

“Additionally, historic drilling has identified anomalous gold in early-stage drilling in two locations, which has not been followed up.

“This greenstone belt is a high priority target where the potential host greenstone sequence lies in close proximity to the highly prospective Big Bell Shear which hosts the Big Bell Mine, the largest gold mine in the region.”

 

 

 

 

 

Aeris Resources Updates Turbo Lens MRE

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) released an updated Mineral Resource estimate (MRE) for the Turbo lens at the Bentley deposit, located at the company’s 100 per cent-owned Jaguar operations in Western Australia.

The updated MRE for the Turbo lens has come in at 1.26 million tonnes at 1.82 per cent copper, 8.5 per cent zinc, 0.72 grams per tonne gold and 47g/t silver.

The update compares well against the December 2021 MRE providing a 23 per cent increase in tonnage, 39 per cent increase in contained zinc metal, 17 per cent increase in contained copper metal, and 21 per cent increase in contained gold metal while doubling the strike length to 400 metres.

The majority of resource classification (89 per cent by tonnage) has been upgraded to Indicated status.

“The updated mineral resource has materially increased the ore tonnes and metal content at the Turbo lens,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“This drilling campaign has also resulted in the majority of the mineral resource being upgraded to Indicated status.

“We believe there is strong potential for further Mineral Resource increases at Turbo, as it remains open along strike and down plunge.

“This view is supported by recent drilling outside of the resource envelope, which has intersected massive sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Burley Minerals to Acquire Canadian and Gascoyne Lithium Projects

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) is set to acquire a hattrick of international and domestic lithium projects.

Burley Minerals has entered into an exclusive agreement to acquire 100 per cent of the Chubb lithium project in Quebec, Canada and the lithium-prospective Mt James and Dragon projects in the central Gascoyne Region of Western Australia.

The Chubb lithium project is made up of 35 contiguous mineral claims in the Val-d’Or Quebec region in Canada where drilling has confirmed the presence of spodumene-bearing lithium pegmatites.

The Gascoyne projects are prospective for lithium, with outcropping pegmatites knowingly mapped plus previous copper and gold anomalism has been identified on the tenements.

“We are very pleased to announce the signing of this Agreement to acquire such high-potential lithium projects in jurisdictions complemented by other major Lithium explorers and developers,” Burley Minerals managing director Wayne Richards said in the company’s ASX announcement.

“The strategic and geographic location of all three potential projects are located in world class mining provinces and in Tier 1 jurisdictions of Australia and Canada.

“The strategic geographical positioning of the Chubb lithium project with regard established infrastructure, services, and transport corridors, greatly supports the development potential of the assets.

“The presence of neighbouring mines, concentrate plants and proposed refineries likewise offers many future operational permeations for Burley.

“The exploration that has been conducted to date at Chubb has defined near surface mineralisation along a corridor of 550 metres with multiple paralleling pegmatites.

“Our research has unveiled previous drilling completed in the early 1950s, that was conducted along strike of the known body of mineralisation which intersected up to 9.4 metres of spodumene pegmatites and was not assayed.

“Whilst the acquisition is progressing the company intends on modelling the existing drilling, permitting infill and extensional drilling and tendering for diamond drilling which will commence at Chubb upon completion.

“Concurrently all data available in relation to the Gascoyne projects is being evaluated and a suitable geochemical and mapping program is being devised to rank and prioritise targets warranting further investigation.

“The acquisitions present the opportunity for value accretive exploration and the potential development of forward-looking battery minerals projects at a time of record lithium prices.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE