Lithium Energy Confirms Lithium Brine Discovery at Solaroz Project

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported confirmation of a lithium discovery at the company’s Solaroz lithium brine project in Argentina.

Lithium Energy said it received initial assay results from the first hole of a maiden 10 hole drilling program at the Solaroz project that confirmed levels of lithium brine concentrations in excess of 400mg/l hosted in porous sandstones encountered between approx. 55 to approx. 228 metres depth.

Lithium Energy said it was encouraged by these early assay results, highlighting the lithium concentrations and low Mg/Li ratios, both of which it declared positive in relation to future potential processing options.

The company indicated these lithium grades had been encountered prior to drilling penetrating the primary target zone contained in the previously interpreted ‘Deep Sandstone’ lower aquifer.

“To confirm the discovery of high concentrations of lithium in the brines in the upper aquifer of our first drill hole at Solaroz is a watershed moment for Lithium Energy,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“It further confirms the potential for the Solaroz project to host a significant resource of lithium brines in what is probably the best location globally to have a lithium discovery.

“With assay results showing that lithium concentrations in this first hole increase at depth, the company is now looking forward to assay results from sampling the target lower aquifer, as drilling continues to its target depth of 400 metres.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.lithiumenergy.com.au

 

 

Auroch Minerals Confirms Arden Rare Earths Potential

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has been investigating the REE potential at the company’s Arden project in South Australia.

Auroch Minerals currently has field exploration activities underway, with mapping, rock-chip sampling and the first phase of soil-sampling completed over priority areas it has identified as being highly prospective for REE mineralisation.

The first phase of soil sampling comprised 414 samples collected systematically over the Kanyaka and Hawker REE prospects, from which samples have been delivered to the ALS laboratory in Adelaide for an extended whole rock assay suite, with results expected in the first week of November.

Assays have been received for the nine rock-chip samples collected during the August field work producing encouraging results, including anomalous total rare earth oxide (TREO) results up to 362ppm, confirming the REE prospectivity at the Hawker and Kanyaka prospect areas.

“We are extremely pleased with how our REE exploration at Arden is advancing,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“In the space of only a few months we have been able to identify several areas that we believe have great potential to host significant REE mineralisation.

“The soil-sampling is part of the systematic approach to better define drill targets, and we look forward to receiving the results in early November.

“We continue to be buoyed by the exploration and metallurgical success of Taruga Minerals at their Morgan’s Creek REE prospect, which is only 25 kilometres to the east of our Hawker prospect in a similar geological setting.

“The planning for our maiden AC REE drill program is advanced, and we are on track to commence drilling before the end of the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurochminerals.com

 

 

Turaco Gold Encounters Encouraging Gold Hits at Tongon North

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THE DRILL SERGEANT: Turaco Gold (ASX: TCG) announced further results from auger and AC drilling completed within the company’s Tongon North gold project in northern Côte d’Ivoire.

Turaco Gold said the auger drilling completed within the Tongon North project has defined a high tenor mineralised trend extending for five kilometres remaining open, adjacent to a major intrusive contact, representing a major target for follow up.

The auger drilling returned several +1g/t gold in saprolite results across continuous trends along the 5kms, with high-grade results including 27.1g/t, 6.6g/t and 4.3g/t gold.

Aircore drilling of the Natoga target and adjacent P10 target encountered zones of shallow gold mineralisation with results including:

4 metres at 3.34 grams per tonne gold from 40m;
8m at 1.89g/t gold from 0m; and
12m at 1.15g/t gold from 0m.

“Systematic exploration of the large contiguous 1,540 square kilometre prospective ground position at Tongon North continues to generate large scale targets for drill testing,” Turaco Gold managing director Justin Tremain said in the company’s ASX announcement.

“The latest auger results at Tongon North show a very high-grade gold trend, with up to 27.1 grams per tonne, extending over five kilometres in strike.

“Follow up work programs are being planned for the dry season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.turacogold.com.au

 

 

Cazaly Resources Reports Copper Assays from Bommie Prospect

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THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) reported analytical results RC resource drilling completed at the company’s Halls Creek copper project in Western Australia.

Cazaly Resources carried out a reverse circulation (RC) resource drilling program at the Bommie porphyry copper prospect in Halls Creek during August 2022 consisting of 19 holes drilled to test the Moses Rock Electromagnetic (EM) conductor and the Bommie system.

Wide copper intercepts were returned as down hole depths, including:

HCRC0067
126 metres at 0.3 per cent coper from 54m to 180m;

HCRC0065
110m at 0.4 per cent coper from surface to 110m; and

HCRC0077
114m at 0.3 per cent coper from 2m to 116m.

“We are pleased to see broad intercepts of copper mineralisation at the Bommie prospect, with over 100 metres of mineralisation extending from surface,” Cazaly Resources managing director Tara French said in the company’s ASX announcement.

“We look forward to receiving the maiden resource estimation next month and are further encouraged by the current mineralisation envelope, which is open to the north and west of existing drilling, indicating further growth potential of this copper deposit.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.cazalyresources.com.au

 

 

Jindalee Resources Achieves Positive Results from McDermitt Metallurgical Testwork

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THE DRILL SERGEANT: Jindalee Resources (ASX: JRL) has received positive results from initial alkali salt roast testwork on ore from the company’s 100 per cent-owned McDermitt lithium project in Oregon, USA.

Jindalee Resources reported lithium phosphate (Li3PO4) assaying 58,880 ppm (5.89%) lithium has been produced from roasting and sequential leaching of a composite sample of McDermitt ore assaying 1,460 ppm lithium.

The company declared the recent testwork confirmed alkali salt roasting of McDermitt ore can produce lithium phosphate, providing an alternative processing route for the project, as well as a commercially important lithium chemical product.

“The positive results from use of recycled residue salts from initial roasting and the implications for reduced reagent usage are also very encouraging,” Jindalee Resources said in its ASX announcement.

“Jindalee continues to investigate opportunities to optimise the flowsheet for McDermitt, ahead of more detailed studies later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.jindalee.net

 

Ron Heeks Larvotto Resources (ASX: LRV) October 2022

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Larvotto Resources (ASX: LRV) has attracted the attention of Canadian investors to progress the company’s lithium assets. Larvotto managing director Ron Heeks zoomed into The Resources Roadhouse to provide Wally Graham with an update.

Lefroy Exploration to Spin Out Nickel Asset

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THE BOURSE WHISPERER: Lefroy Exploration (ASX: LEX) informed the market of its plans to demerger/IPO the company’s wholly-owned subsidiary Johnston Lakes Nickel (JLN).

Lefroy Exploration explained it is targeted listing of JLN in the first half of CY23 subject to shareholder and ASX approvals.

Johnston Lakes Nickel’s nickel assets consist of Carnilya South, within the Lefroy project, and Lake Johnston, both in areas of high nickel endowment near Kalgoorlie, and the Glenayle project, located 200 kilometres northeast of Wiluna.

The demerger has been inspired by recent positive investor sentiment within the nickel sector, motivating Lefroy to assess strategies to generate value recognition for its nickel assets, with a decision ultimately being made to undertake a demerger and IPO of JLN.

Lefroy said the demerger/IPO would allow it to focus on the company’s Lefroy gold project near Kalgoorlie, within which the key Burns target is currently being drilled out with eyes on a maiden Resource estimate in March 2023.

“We are progressing the demerger/IPO for JLN, with a target of completion during H1/23,” Lefroy Exploration non-executive chairman Gordon Galt said in the company’s ASX announcement.

“We have now appointed the Directors, including the Managing Director, so we have a first-class leadership team in place to explore our suite of first-class assets as soon as the demerger/IPO completes.

“This process will crystallise the inherent value in our nickel assets for LEX shareholders and will add to the existing value of our gold assets, which include the Burns project currently being drilled out for a maiden resource statement early in 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.lefroyex.com

 

Hammer Metals defines Yandal Project Gold, Nickel and Lithium targets

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has completed geochemical programs within the company’s Yandal Greenstone Belt tenements in Western Australia’s north-eastern Goldfields.

Hammer Metals conducted the exploration activities over multiple zones of the Bronzewing South and Bronzewing North project areas.

The work consisted of a broad range soil sampling program across the company’s tenements at Kens Bore, Harrier, Kingsley Bore, Sam Well (East, North and South), Sword and Pumpkin Well areas.

The sampling has highlighted gold targets at Harrier, Sam Well and Sam Well North while nickel soil anomalism has been defined at Sam Well East.

Hammer indicated it is aiming to further develop these promising targets ahead of conducting first-pass air-core drill testing in 2023.

“It’s pleasing to see the evolution of multiple greenfield gold and nickel targets in the prolific Yandal mineral region of WA, as well as the emergence of an anomalous lithium response which requires further ground review,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Work on our Yandal gold project has understandably taken a back seat in 2022 as the company has focused its attention on our prospective copper-gold targets across our expansive Mount Isa tenure in North-West Queensland.

“In a similar manner to our scaled-back programs in Queensland in 2019, Hammer has continued to increase its geological knowledge and undertake target generation work in the highly prospective Yandal gold and nickel region, a district with proven potential to host world-class deposits.

“The team continues to prioritise its work programs, focusing on targets with the highest potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.hammermetals.com.au

 

 

Carnaby Resources Drills Big Copper Hit at Mount Hope

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) reported the latest drilling results from the Mount Hope prospect at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

Carnaby Resources declared the results from drill hole MHRC029 recorded the highest-grade downhole width copper intersection it has received to date at the Greater Duchess project.

This included:

MHRC029
6 metres at 1.1 per cent copper, 0.03 grams per tonne gold from 60m and 101m at 1.9 per cent copper, 0.3g/t gold from 90m, including 60m at 3.1 per cent copper, 0.4g/t gold from 107m.

“The outstanding result of 60 metres at 3.1 per cent copper in MHRC029 is the widest and highest grade drill result yet recorded throughout the Greater Duchess Project, even surpassing the original discovery hole at Nil Desperandum,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“These exceptional drill results from Mount Hope are pointing towards a very material and growing discovery, regionally significant within the Mount Isa Inlier.

“With numerous IP anomalies, structural targets and obvious direct extension drill targets to the results announced today, we look forward with great anticipation to the unfolding discovery at Mount Hope.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.carnabyresources.com.au

 

Dreadnought Resources Reports Further Strong TREO Results from Yin

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported that assays continued to confirm thick, high-grade REE mineralisation at the Yin ironstone discovery, within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

The latest results include:

YINRC083
24m at 2.57 per cent total rare earth oxide (TREO) from surface, including 11m at 4.5 per cent TREO (28 per cent Neodymium-Praseodymium (NdPr):TREO ratio) from 8m;

YINRC058
31m at 1.64 per cent TREO from 62m, including 6m at 6.73 per cent TREO (31 per cent NdPr:TREO) from 83m;

YINRC059
49m at 0.81 per cent TREO from 92m, including 6m at 2.83 per cent TREO (33 per cent NdPr:TREO) from 107m;

YINRC082
24m at 1.17 per cent TREO from 94m, including 4m at 4.11 per cent TREO (39 per cent NdPr:TREO) from 95m;

YINRC055
23m at 1.15 per cent TREO from 21m, including 8m at 2.52 per cent TREO (33 per cent NdPr:TREO) from 29m; and

YINRC066
17m at 1.59 per cent TREO from 26m, including 8m at 2.59 per cent TREO (27 per cent NdPr:TREO) from 32m.

“Yin continues to deliver exceptional REE results,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With 84 of 120 holes reported, we remain on schedule to deliver our initial JORC resource at Yin in the December 2022 quarter.

“Importantly this initial JORC Resource will only cover approx. three kilometres of the interpreted approx. 16 kilometres of strike of Yin.

“Drilling of C1-C5 carbonatites is progressing well with updates expected shortly.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.dreadnoughtresoources.com.au