Elementos Confirms Oropresa Project’s Tin Potential

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported that pilot scale metallurgical test work has confirmed ore from the company’s Oropesa tin project in Andalucía, Spain can be processed via a conventional tin flow sheet to produce a high-grade and commercially desirable tin concentrate.

Elementos said the metallurgical upgrade results from the pilot plant have confirmed the project’s Definitive Feasibility Study (DFS) flow sheet as well as production of a commercially appealing greater than 61 per cent tin concentrate with low impurity specifications.

“After a prolonged yet detailed metallurgical program Elementos is very pleased to be able to release these robust metallurgical results,” Elementos managing director Joe David said in the company’s ASX announcement.

“These results confirm the DFS flowsheet for the project with a production of a commercially appealing, high-grade and low impurity, tin concentrate of around 61 per cent tin.

“The resulting concentrate is not only low in impurities but is confirmed to be produced with economic average recoveries above 74 per cent, using a conventional and modern tin concentrate process flow sheet.

“This pilot scale flowsheet is now the basis for the DFS.

“We are pleased that this test work has built-on the core flowsheets from previous test work programs, with only minor optimisation changes being made during this program to creating a more robust flowsheet and concentrate product.

“The flow sheet from this test work will now be provided, under the ECI contract, to Duro Felguera who we will work alongside to mature the process engineering through the DFS design gates and into an EPC delivery contract.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.elementos.com.au

 

Caspin Resources Encounters Broad Zones of Gold-Silver and Copper-Molybdenum

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) released drill results from the first phase of reconnaissance aircore drilling at the Duchess prospect within the company’s wholly owned Mount Squires project in the West Musgrave region of Western Australia.

Caspin Resources recently completed the first part of a wide spaced reconnaissance aircore program over the Duchess prospect comprising 81 holes that identified two, distinctly different mineralisation trends; a gold-silver trend and a copper-molybdenum trend, now known as Duchess West and Duchess East, respectively.

At Duchess West drilling identified broad zones of silver with minor associated gold mineralisation.

This included a best result of:

MSAC0028
44 metres at 1.45 grams per tonne silver, including 12m at 3.4g/t silver from 28m to the end of hole.

This hole also returned an anomalous 0.2g/t gold in the last metre of the hole.

Drilling at Duchess East identified copper and molybdenum mineralisation in multiple holes over a strike length of at least 1,000m.

Best results include:

MSAC0023
21m at 63ppm molybdenum, including 4m at 233ppm molybdenum starting from surface to the end of hole; and

MSAC0054
20m at 1,013ppm (0.1%) copper from 20m to the end of hole.

“These are excellent results from a first-pass reconnaissance aircore program, designed to test the veracity of a large, polymetallic soil geochemical anomaly,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“The program has delivered exactly the results we were hoping for, confirming multi-commodity mineralisation over a very broad area.

“This is a style of mineralisation not previously seen in the region which is exciting in a frontier province like the West Musgrave.

“The results are perfectly timed with the commencement of a follow-up program of extensional and infill drilling before we move to the One Tree Hill prospect in the coming weeks.

“Importantly, it also demonstrates that our soil sampling programs are effective at identifying basement mineralisation, which augers well for the other soil anomalies in the project and the large number of outstanding soil results due to be returned over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.caspin.com.au

 

Calidus Resources Underpins Expansion for Warrawoona with Blue Spec Reserve

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) announced a Reserve for the Blue Spec deposit, part of the company’s Warrawoona gold project in Western Australia.

Calidus Resources said the Blue Spec Reserve enables advancement of the Sulphide Plant project towards a Final Investment Decision in mid-2023.

The results of a Feasibility Study that supported the Blue Spec Reserve, coupled with the existing Copenhagen Reserve, demonstrates integration of these high-grade satellite deposits into the operating Warrawoona gold project will generate a considerable increase in production and operational cashflow for modest additional capital expenditure.

The Reserve for Blue Spec of 83,000 ounces combined with the 17,000 ounces Reserve at Copenhagen provides a combined 100,000 ounces Reserve that will be treated via the Stage 2 Sulphide Plant to be located at Warrawoona.

The Sulphide Plant would be constructed at Warrawoona with Blue Spec and Copenhagen ore trucked to Warrawoona for processing, a practical option given the low-volume, high-grade nature of both Blue Spec and Copenhagen.

“This maiden Reserve for Blue Spec shows we have a clear pathway to growing production at Warrawoona to 140,000 ounces a year, increasing free cashflow significantly and enabling us to leverage existing infrastructure,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“Our growth strategy is now underpinned by Reserves of 600,000 ounces in a tier-one location, with a strategically located operational hub and exceptional team.

“Calidus is in an enviable position with a solid foundation of production and a strong growth pipeline based on a substantial Reserve base and significant scope for further increases in mine life through organic and inorganic growth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.calidus.com.au

 

 

New World Metals Investment Series 2022 Melbourne

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Tony Rovira Azure Minerals ASX: AZS

Jeremy Robinson RareX ASX: REE

David Crook Charger Metals ASX: CHR

Tim Mason Eagle Mountain Mining ASX: EM2

Iggy Tan Altech Chemicals ASX: ATC

Bruce Maluish VRX Silica ASX: VRX

Keith Coughlan European Metals ASX: EMH

Gavin England Narryer Metals ASX: NYM

Brendan Cummins Black Canyon ASX: BCA

John Prineas St George Mining ASX: SGQ

Dean Tuck Dreadnought Resources ASX: DRE

Andrew Radonjic Venture Minerals ASX: VMS

Gateway Mining Increases Montague Resources to over 526,000 ounces

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THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported an initial Mineral Resource Estimate (MRE) for the Julias deposit, a recent discovery made within the company’s recently renamed Montague gold project, located in the Northern Murchison Goldfields of Western Australia.

Gateway Mining explained the change of project name from Gidgee gold project to Montague gold project to better reflect the key geological features in the area and the previous mining operations undertaken in the late 1980’s – early 1990’s.

According to the company, the name change will also remove potential confusion with other projects in the region, namely the former Gidgee gold mine which is located on the adjacent tenement package owned by Horizon Gold (ASX: HRN).

Gateway has added the Julias deposit Mineral Resource, bringing the Global Mineral Resources for the Montague project over the key milestone of half a million ounces to 526,000 ounces of gold.

The Julias MRE comprises a total of approx. 1.9 million tonnes at 1.3 grams per tonne gold for 77,000 ounces (Indicated and Inferred).

This MRE is the culmination of the past 12 months of drilling at Julias by Gateway, which deliberately targeted the mineralisation contained within the oxide zone.

“Our multi-pronged exploration strategy continues to pay dividends at Montague, with the discovery and rapid delineation of the Julias oxide discovery adding high-quality low-cost ounces just two kilometres from the cornerstone Montague-Boulder and Whistler deposits,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.

“Importantly, we have added these ounces at a discovery cost of just $9 per ounce – an impressive result!

“Additionally, we have a clear pathway to grow the deposit with recent air-core drilling highlighting extensions to the mineralised trend to the south-west over a strike length of at least 700 metres.

“We are planning further RC drilling later this financial year to target additions to this initial Julias JORC Resource.

“With assays pending on several fronts, from recent RC drilling to test extensions to the Montague-Boulder, Achilles and Evermore deposits, we are looking forward to a busy end to the year as we continue to build critical mass at Montague with our resource inventory now passing the half-million-ounce mark.

“We have made the strategic decision to rename the project the Montague gold project for a range of reasons, not least of which is the geological importance of the Montague Granodiorite as the major feature controlling mineralisation in the greenstone belt, and to differentiate it from the historic Gidgee gold mine, which is owned by our neighbours Horizon Gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.gatewaymining.com.au

 

Ardiden Confirms Further Broad Zones of Pickle Lake Gold Mineralisation

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THE DRILL SERGEANT: Ardiden (ASX: ADV) received further results from drilling carried out at the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden reported 16 additional exploration drilling results it considers to further illustrate the belt scale potential across the Western Hub of the Pickle Lake project.

The results included a thick mineralised intersection at the Dobie deposit of:

DB22- 01
8.5 metres at 4.05 grams per tonne gold from 92.5m within a broader mineralised envelope of 26.51m at 2.1g/t gold from 77.8m.

The Dorothy deposit returned an intersection of:

DR22-02
2.48m at 3.4g/t gold from 50.52m within a broader mineralised envelope of 38.48m at 0.97g/t gold from 50.52m.

Drilling at the Tonsil deposit intersected high-grade mineralisation consistent with the Golden Patricia formation, returning:

DD22-02
0.86m at 62.8g/t gold from 115m;

DD22-14A
0.5m at 8.68g/t at from 64.62m; and

DD22-13
0.5m at 3.21g/t gold from 60m.

“These results confirm our targeting strategy along the Golden Patricia trend and supports our broader vision for what we anticipate at Pickle Lake as we better understand the controls of gold mineralisation and work towards opportunities to make significant discoveries,” Ardiden exploration manager Haydn Daxter said in the company’s ASX announcement.

“These new results allow us to build confidence around our geological model.

“The remaining 11 completed holes from the Western Hub drill program are expected to be reported in October as final assay results arrive from Canada and are analysed.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.ardiden.com.au

 

 

Blackstone Minerals Confirms Canadian Nickel Sulphides.

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported on recent exploration activities on the company’s projects in Canada.

Blackstone Minerals completed a drilling campaign at its Gold Bridge gold and nickel-cobalt project in British Columbia and a review of prospecting and historic drill core at the Twilight nickel-copper Sulphide project in Labrador

Highlights from Gold Bridge include:

Jewel prospect:

Maiden drill hole JWD21-01

0.9m at 1.45 per cent copper, 0.56 per cent nickel and 0.19% Co from 376.7m, including 0.27m at 3.86 per cent copper, 1.63 per cent nickel, 0.62 per cent cobalt,1.49 g rams per tonne gold and 45g/t silver from 376.98m, with multiple gold intersections up to 0.3m at 5.7g/t gold.

Western Gem prospect:

Maiden drill hole WGD21-01

81m ultramafic-hosted disseminated sulphides at 0.21 per cent nickel from 65.36m

Reviewing historic drilling at the Twilight project revealed an intersection of up to 16m at 0.16 per cent nickel and 0.15 per cent copper from 151.7 m, including 0.55 m at 0.34 per cent nickel, 0.36 per cent copper and 374ppm cobalt from 159.15 m associated with gabbro-hosted disseminated sulphides.

“The maiden three-hole drill program testing Induced Polarisation targets at the Jewel and Western Gem prospects successfully encountered disseminated and massive sulphides, and test-work has confirmed the presence of significant nickel sulphides in addition to the cobalt, gold, silver and copper sulphides,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The recognition of broad disseminated nickel sulphide zones adds an exciting new exploration dimension to the Gold Bridge district that Blackstone will be following up starting with high powered ground EM to test for massive sulphide zones.

“Blackstone has also entered into an option agreement over a gabbro hosted nickel-copper sulphide project in Labrador, home to the world class Voisey’s Bay nickel-copper-cobalt sulphide deposit.

“Reconnaissance field inspection confirms nickel and copper sulphide fertility, with the company now looking forward to testing this very underexplored area for massive sulphides with modern high powered ground EM.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.blackstoneminerals.com.au

 

Lefroy Exploration Intersects Copper Mineralisation at Lovejoy

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THE DRILL SERGEANT: Lefroy Exploration (ASX: LEX) hit copper mineralisation during recent diamond drilling on the company’s wholly-owned Eastern Lefroy gold project outside Kalgoorlie in Western Australia.

Lefroy Exploration reported a diamond hole drilled at the Lovejoy prospect, located 1.5 kilometres north of the recent Burns gold-copper discovery, intersected copper mineralisation of a boisterous enough nature to excite the company.

Dimond hole LEFD008 was drilled to 364 metres down hole and intersected a 145m long interval of copper mineralisation between 130m-275m that included a 42m length of hydrothermal breccia, which hosts extensive native copper and copper sulphides from 233m – 275m.

The drilling was carried out to follow up pervious results returned from RC drilling that also encountered encouraging copper hits.

The company said the intensity of native copper mineralisation in the breccia zone was further demonstrated by copper coating the outside of several steel drill rods from the drill string.

“This is a remarkable new discovery of copper mineralisation 1.5 kilometres north of Burns, which is open,” Lefroy Exploration managing director Wade Johnson said in the company’s ASX announcement.

“With every hole drilled we advance and grow the overall Burns project.

“We believe the copper-rich breccia is a component of a larger magmatic system, the limits of which we are yet to define.

“Lovejoy has always been a high priority target given its unique geophysical signature, as well as the significant results generated from LEFR297 in 2021 that ended in 1.5 per cent copper at 258 metres.

“We have acted immediately on this new discovery and while we eagerly await the assays from LEFD008, we expect more encouraging visual results with follow-up diamond hole LEFD009.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.lefroyex.com

 

Black Cat Syndicate Confirms Open Gold at Speedy

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) continued its run of drilling highlights from the company’s 100 per cent-owned Coyote gold operation in northern Western Australia.

Black Cat Syndicate received assays for the first 15 holes of a 37 hole RC drill program at the shallow, high-grade Speedy deposit that it said had continue to confirm gold mineralisation in targeted positions.

Latest assays received include:

22CYRC0009
9 metres at 19.22 grams per tonne gold from 172m, including 1m at 88.5g/t gold and 1m at 41.5g/t gold;

22CYRC0009
6m at 2.16g/t gold from 164m;

22CYRC0010
3m at 3.22g/t gold from 143m; and

22CYRC0011
3m at 2.14g/t gold from 129m.

Black Cat noted these results confirm that Speedy is not closed off at depth or along strike.

“The bonanza grade of 9 metres at 19.22 grams per tonne gold and up to 88.5 grams per tonne over one metre at Speedy is typical of the Coyote mineralisation,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“This result highlights the upside of the system and we expect to see more results of this quality as our drilling progresses.

“At Coyote if you intersect a quartz lode there is a good chance that high-grade gold mineralisation is nearby.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.blackcatsyndicate.com.au

 

 

Miramar Resources Identifies Lang Well REE Targets

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) joined the ranks of the ‘me too’ rare earth element (REE) hopefuls with the identification of multiple large REE targets at the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia.

Miramar Resources had previously identified pegmatite occurrences across the project that had not been previously analysed for lithium or REE.

Rock chip samples were taken and analysed in the northern part of the project, from which Miramar identified the potential for multiple additional outcropping and/or buried pegmatites and/or for shallow clay-hosted REE mineralisation.

“Our limited previous rock chip sampling focussed on the areas of historically recorded outcropping pegmatites in the north of the project,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The regional radiometric data suggests the potential presence of multiple rare-element pegmatites which are commonly found in gneissic terrains, such as Lang Well, whilst the historic aircore result and the auger REE anomalism is suggestive of shallow clay-hosted REE mineralisation.

“We will shortly complete a systematic geochemical sampling campaign focussing on the areas with overlapping radiometric anomalies and REE anomalism in the south-eastern part of the project, including in the areas covered by the new application.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.miramarresources.com.au