Dundas Minerals Hits 358m of Massive, Semi-Massive, Disseminated Sulphide at Central

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THE DRILL SERGEANT: Dundas Minerals (ASX: DUN) set the market alight by announcing the interception of a mafic-ultramafic complex at the company’s Central exploration target in Western Australia.

Dundas Minerals reported its first drill hole (22CEDD001) into the Central target encountered extensive zones of massive, semi-massive, highly disseminated and disseminated sulphides.

Diamond drill hole one (22CEDD001, or Hole 1) was completed to a depth of 423.4m and on the way hit:

• 4.26 metres massive sulphide averaging 88 per cent volume estimate (including: 1.44m from 209.68- 211.12m at 90 per cent estimated volume, and 1.29m from 253.41-254.7m at 95 per cent estimated volume);

• 4.96m semi massive sulphide averaging 55 per cent volume estimate (including: 1.6m from 154.6- 156.2m at 50 per cent estimated volume, and 0.81m from 163.1-163.91m at 55 per cent estimated volume);

• 7.6m matrix/net, blebby and stringer sulphide averaging 40 per cent volume estimate (including: 3.3m from 149.4-152.7m at 40 per cent estimated volume, and 2.2m from 194.3-196.5m at 40 per cent estimated volume);

• 136.16m highly disseminated sulphide averaging 17 per cent volume estimate (including: 15.5m from 115-130.5m at 15 per cent estimated volume, and 12.65m from 350.25-362.9m at 12 per cent estimated volume); and

• 205.39m disseminated sulphide averaging 5 per cent volume estimate (including: 16.31m from 302.48- 318.79 at 3 per cent estimated volume, and 11.75m from 260.92-272.67m at 5 per cent estimated volume).

“Whilst we were always quietly confident of the geophysical data modelling, especially the AMT and SkyTEM EM models, and optimistic that we would drill massive sulphides with Hole 1 – to see it transpire as it has is extremely rewarding for the small Dundas Minerals team, actually it’s an outstanding result,” Dundas Minerals managing director Shane Volk said in the company’s ASX announcement.

“We now very much look forward to receiving the assay results from Hole 1 and to the drilling of our second hole at Central, which will be almost vertical.

“Hole 2 is targeting the centre of line 11000 AMT anomaly to a depth of more than 500 metres.

“Given the results from Hole 1, we’d expect to intercept sulphides again in Hole 2.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.dundasminerals.com

 

 

Peter Bewick Hamelin Gold (ASX: HMG) September 2022

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Hamelin Gold (ASX: HMG) has been busy since listing in November 2021 on the company’s Tanami West gold project in Western Australia. Managing director Peter Bewick zoomed into The Resources Roadhouse to provide Wally Graham with an update on proceedings.

Hamelin Gold Drills Gold Potential at West Tanami

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THE DRILL SERGEANT: Hamelin Gold (ASX: HMG) has been busy at the company’s West Tanami gold project in Western Australia.

Hamelin Gold reported initial results from an EIS co-funded diamond drilling as well as a recently completed ultra-detailed airborne magnetic survey at the project’s Camel prospect.

Diamond drilling results included a wide zone of gold mineralisation intersected at Camel of:

TSD0005
47.85 metres at 0.3 grams per tonne gold from 107.05m containing high-grade veins including, 0.42m at 3.62g/t gold from 114.65m, 0.23m at 5.09g/t gold from 143.2m, 0.32m at 5.8g/t gold from 147.48m, and 0.35m at 5.21g/t gold from 154.5m.

“Recent results from the Camel gold prospect indicate the potential for a significant gold system at this under explored target,” Hamelin Gold managing director Peter Bewick said in the company’s ASX announcement.

“Results from the first of two EIS co-funded diamond drill holes confirm high-grade gold mineralisation at Camel associated within an array of quartz veins and thin breccias interpreted to mark the potential outer margins of a more significant gold zone open to the north west.

“An ultra-detailed airborne magnetics and radiometrics survey was flown across an 8km by 5km area which included the Camel prospect.

“This survey provided significantly enhanced magnetic imagery that has enabled a more detailed structural interpretation of this mineralised region.

“This information along with the identification of high-grade gold in outcropping quartz veins and ironstones has defined a collection of priority drill targets within the Camel gold system that we are excited to test.

“A 2000 metres RC drill program is due to commence by the end of October.

“This program will test the area to the north west of our initial orientation drill line as well as a series of other structural and geochemical targets recently generated in the Camel area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.hamelingold.com.au

 

Nickel: A Complex Commodity with a Bright Future

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THE CONFERENCE CALLER: The transition of energy as we look at electrifying our transport options through the application of renewable generation is going to require a lot more critical minerals than what we are currently using or finding.

This becomes way too obvious when we look at the periodic table of elements, a reference point we have been using as long as we have been using the elements it lists, and highlight the metals that, due to there use in our electrified future, are becoming more and more critical by the day.

This point was highlighted by CRU vice president sales – APAC, Daniel Rodriguez during the opening session of the Australian Nickel Conference in Perth.

 

 

“When we look at the periodic table, at the commodities that are required to support a low carbon future and energy transition away from coal and oil and gas, it places a great deal of stress on the smaller commodities,” he said.

“Some of these markets are in short supply or have processing risk and/or political risk.”

Copper, nickel, cobalt, and rare earths were given special mention by Rodriguez regarding the risks faced by each as there are limited substitutions for the role each plays as well as geological and processing restraints.

Being the keynote speaker at a nickel conference, Rodriguez spoke more on that particular commodity than the others.

“Nickel costs in line with a lot of other costs have significantly increased due to inflation,” he said.

“We have seen a sixty per cent year on year increase across the whole industry, and that’s across all nickel products.

“These are the highest levels we have seen since 2007.”

In the September 2022 Resources and Energy Quarterly from the Department of Industry, Science and Resources the Office of the Chief Economist predicted, “nickel prices are expected to average US$24,900 a tonne in 2022, boosted by the fallout from the Russian invasion of Ukraine.

“Prices are expected to ease over the outlook period, as a result of increased Indonesian production and improving liquidity in the LME nickel market.

These recent high prices have been good for Australia’s nickel export earnings, which reached $4.4 billion in 2021–22.

The DISR bean counters anticipate export earnings to rise to $5.1 billion in 2022–23, before easing to $4.6 billion in 2023–24.

“Australia’s export volumes are estimated to rise from 157,000 tonnes in 2021–22 to 202,000 tonnes in 2023–24, supported by the need for Australian nickel for the transition to low-emissions technologies,” they said.
The demand for nickel over the long term is that it should retain its global demand drivers.

Rodriguez said CRU expects the demand for nickel in batteries alone to reach 1.1 million tonnes by 2026 and to then continue that rise.

“We do see Asia-Pacific being a significant influencer in the global landscaper for nickel,” he said.

“We certainly know it is a buzz commodity, that’s for sure, and we at CRU think it to be one of the more complex commodities that we cover, but obviously one that has an extremely bright future.”

That demand is sure to increase in Europe where electric vehicle demand is thriving to the point where waiting lists are longer than the distance most EVs can travel on one charge.

 

Lefroy Exploration Encounters Gold Copper Cobalt Intersection

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THE DRILL SERGEANT: Lefroy Exploration (ASX: LEX) reported assay results from recent drilling undertaken at the company’s wholly-owned Eastern Lefroy gold project southeast of Kalgoorlie in Western Australia.

Lefroy Exploration received the first assay results from a four-hole diamond drill program completed at the Burns gold-copper intrusion-related mineral system within the Eastern Lefroy project.

The company said the assay results from a 400 metres to 461m interval of 1245m deep, diamond drill hole, LEFD006, at Burns confirmed a new zone of gold-copper-cobalt mineralisation, providing further support for a polymetallic intrusion related system.

Within this 61m interval the drilling encountered a new mineralised and altered diorite porphyry, situated west of the main Central Porphyry suite at Burns.

This returned results that correspond to stronger zones of visually identified magnetite and sulphide mineralisation, and include:

19.6 metres at 0.33 grams per tonne gold and 0.75 per cent copper from 428m-447.6m, including 3.5m at 0.86g/t gold, 0.72 per cent copper and 0.09 per cent cobalt from 430m, and

6.3m at 0.47g/t gold, 1.7 per cent copper and 223ppm cobalt from 433.5m.

“Burns is a new and unique style of intrusion-related, gold-copper-molybdenum-silver mineral system,” Lefroy Exploration said in its ASX announcement.

“The gold, copper, silver (and lesser molybdenum) mineralisation, which is hosted by multiple diorite-porphyry intrusives and high-magnesium basalt, is considered by the company to be a new and unique style of gold-copper mineralisation in the Eastern Goldfields of Western Australia.”

 

 

 

Web: www.lefroyex.com

 

 

Miramar Resources Encounters Visible Gold in Second Glandore East Diamond Hole

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported visible gold hits from the second diamond drill hole completed at the Glandore East target within the company’s 100 per cent-owned Glandore project east of Kalgoorlie, in the Eastern Goldfields region of Western Australia.

Miramar Resources’ current diamond drilling program at Glandore East is following up on historic diamond drilling that intersected high-grade gold mineralisation.

The company reported the two holes drilled to date have confirmed the presence of high-grade gold mineralisation over a strike length of at least 100 metres and down to a vertical depth of 130m with mineralisation open in all directions at this stage.

“We believe there is potential for multiple NNE-trending high-grade veins at Glandore East, as well as substantial supergene gold mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The second hole appears to confirm this interpretation and we look forward to the results of this hole.”

Miramar has also completed aircore drilling at the Boorara North, Whaleshark and Randalls projects and is anticipating receiving the results of these program over the coming weeks.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.miramarresources.com.au

 

Bellevue Gold Signs Renewable Power Supply Deal

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THE BOURSE WHISPERER: Bellevue Gold (ASX: BGL) is setting a green standard with the announcement of an off-grid hybrid power station to be built at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has signed an Early Works Agreement with Energy Developments (EDL), a Tier-1 provider of sustainable distributed energy to build the power station.

The company said the agreement was an important step in its strategy to be powered by a forecast average of 80 per cent renewable energy each year using a wind, solar and battery hybrid power solution.

“EDL is a leader in hybrid off-grid power stations,” Bellevue Gold managing director Steve Parsons said in the company’s ASX announcement.

“Their skills and experience will help ensure we maximise the use of renewable energy at the Bellevue gold project.

“Bellevue is forecasted to be a 200,000 ounces a year gold miner with low all-in sustaining costs of $1,000 to $1,100 per ounce powered by approx. 80 per cent renewable energy, with a pathway to net zero emissions as a world-leading company in the race to decarbonise the mining sector.

“Our pre-production carbon mitigation strategy has been strategic and is world leading.

“It achieves the ‘holy grail’ of lower emissions and a direct cost reduction in power generation.

“The combination of these metrics is expected to will position Bellevue as one of the most sustainable and financially successful Australian gold miners, maximising returns for all stakeholders.

“It will also underpin the company’s strong appeal to global investors, who demand performance on both financial and ESG measures.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.bellevuegold.com.au

 

Alchemy Resources Wins Lithium Region Exploration Licence Ballot

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THE BOURSE WHISPERER: Alchemy Resources’ (ASX: ALY) numbers have come up with the company winning a recent ballot for exploration licence E28/3207 at its 100 per cent-owned Karonie lithium and gold project in Western Australia.

Alchemy Resources, via wholly-owned subsidiary Goldtribe Corporation Pty Ltd, won a ballot for exploration licence application (E28/3207).

The company explained this tenement forms part of Alchemy’s Karonie project and is located 120 kilometres to the east of Kalgoorlie and is contiguous with both Global Lithium (ASX: GL1) to the east and Breaker Resources (ASX: BRB) to the north.

“E28/3207 is strategically located on the doorstep of Global Lithium Resources’ Manna deposit, and along strike of Breaker Resources’ Lake Roe deposit,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“The acquisition of this tenement builds on our footprint of highly prospective and strategic tenure which sits in proximity to some of the most prolific lithium and gold projects in Western Australia.

“The new lease covers 24.8 square kilometres of greenstone and intrusive units and has seen limited drill testing with modern exploration methods.

“We are delighted to have secured this ground and look forward to starting work as soon as the tenement is granted.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.alchemyresources.com.au

 

 

Meeka Metals Drilling St Anne’s on Track to Murchison Pre-Feasibility Study

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THE DRILL SERGEANT: Meeka Metals (ASX: MEK) is in the middle of a RC drilling campaign at the St Anne’s deposit, part of the company’s 100 per cent-owned Murchison gold project in Western Australia.

RC hole 22SARC005 returned positive indications with visible gold observed in the RC chips.

Currently, shallow extensional and RC drill samples are being processed or in transit to the laboratory.

Diamond drilling will commence in early October 2022 and target primary mineralisation below and along strike from hole 22SARC005.

An initial St Anne’s Mineral Resource remains on track for release in the December 2022 quarter.

The company has deferred the current Pre-Feasibility Study to allow the inclusion of St Anne’s.

In addition to drilling underway in the Murchison, a short diamond drilling program has commenced at Circle Valley following up on high grade gold results returned from RC drilling in the first half of 2022.

“The positive results from the ongoing drilling at St Anne’s gives us confidence this large gold system will continue to grow,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“This is reinforced by early indications from RC drilling underway at St Anne’s that has intersected abundant visible gold at the target depth below previously reported shallow, high-grade intersections in the oxide horizon.

“Given the shallow, high grade nature of mineralisation at St Anne’s and the potential for this to have a meaningful impact on the outcome of the Study, we have decided to defer the release of the Study.

“The expanded study incorporating St Anne’s will now be released in mid-2023.

“This will allow us to optimise the impact of St Anne’s on our other mining centres and mill sizing.

“In addition to drilling underway in the Murchison, diamond drilling has commenced at Circle Valley.

“This short program will provide valuable information for a larger drill program commencing in January 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.meekametals.com.au

 

Great Boulder Resources Claims New High-Grade Gold Lode Discovery at Mulga Bill

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported identification of a new high-grade gold lode east of the Mulga Bill High-Grade Vein (HGV) at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources made the identification from recent Mulga Bill Phase 3 and Phase 4 RC drilling programs that returned results of:

22MBRC055
6 metres at 25.83 grams per tonne gold from 268m; and
8m at 5.51g/t gold from 110m, including 4m at 8.93g/t gold from 112m;

22MBRC048
3m at 7.03g/t gold from 101m;

22MBRC056
8m at 54.6g/t gold from 120m; and

22MBRC046
6m at 4.59g/t gold from 94m.

“Mulga Bill is continuing to deliver a string of extremely high-grade gold intersections as we continue defining the extent and orientation of these structures,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“There are two results of particular interest in this batch of results.

“Firstly, the identification of a new high-grade lode where we drilled a deep intersection of 6m at 25.83g/t gold is a great result with exciting implications for new mineralisation.

“Secondly the 3m at 7.03g/t gold in hole 22MBRC048 sits in the gap between the HGV and Main zones at Mulga Bill, so we are hoping to define a new zone in that area to improve continuity of mineralisation between the two high-grade areas.

“Drilling is continuing at Mulga Bill.

“We are also looking forward to seeing the results from Phase 3 RC drilling at Ironbark shortly.”

 

 

Web: www.greatboulder.com.au