Polymetals Resources (ASX: POL) listed last year with the aim of developing its gold projects in Guinea. CEO Alex Hanly zoomed into The Resources Roadhouse to provide Wally Graham with an update on recent activities.
THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released a Mineral Resource Estimate (MRE) for the Nepean nickel project (Auroch Minerals 80%; Lodestar Minerals 20%) in Western Australia.
Auroch Minerals announced the JORC 2012-compliant MRE for the project’s known shallow nickel mineralisation (above 290mRL).
The estimation has come in at 236,000 tonnes at 1.5 per cent nickel and 0.11 per cent copper for 3,625 tonnes of contained nickel and 252 tonnes of contained copper.
Approximately 50 per cent of the new Nepean MRE is within the Indicated Resources category, with the potential to increase this proportion with minimal additional drilling.
“We are very pleased with the JORC (2012) MRE for the shallow nickel mineralisation at the Nepean nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.
“Whilst we know there exists significant high-grade nickel sulphide mineralisation at depth in and around the historic underground mine workings, we are currently focussed on the shallow nickel mineralisation above and around the old mine that could potentially be mined in an open-pit scenario.
“Earlier this year we completed metallurgical testwork that confirmed the shallow nickel sulphide mineralisation is amenable to traditional beneficiation techniques for Kambalda-style nickel sulphides.
“Now that we have successfully modelled this small but significant shallow nickel resource, we can commence mine studies and design as part of the Nepean Scoping Study that will assess the potential to fast-track the project towards development and production from a future open pit mining scenario.
“We are also pleased to commence exploration drilling at Nepean early next week.
“The IP target that aligns with the footwall of a high-manganese ultramafic is a high priority nickel sulphide target that we look forward to drill testing, and we will keep the market updated with results as they come to hand.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@aurochminerals.com
THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has identified two new Induced Polarisation (IP) anomalies on the company’s 100%-owned Mount Hope tenement in North-West Queensland.
Hammer Metals generated the new drill targets recently having completed IP geophysical surveys across the Mount Hope tenement.
A maximum IP anomaly of >42mv/v was recorded in the survey along trend from nearby copper workings that was identified by the company to represent an immediate drilling prospect.
A total of five IP lines were completed covering prospective trends to the east, south and north of the main Mount Hope historic workings.
The survey outlined several anomalies, with two targets considered suitable for immediate drilling and further zones identified for further ground review.
“It’s pleasing to see such strong anomalies generated from the intensive geophysical programs that we have been undertaking across our tenure,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“The highly encouraging anomaly at the Stubby prospect will be added to our extensive ongoing drilling program and offers another exceptional copper-gold target for our shareholders.
“A strong news pipeline has been developed, with an active drilling program on prospective targets continuing and further geophysical results on the horizon.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@hammermetals.com.au
THE DRILL SERGEANT: Alto Metals (ASX: AME) reported further strong gold results from ongoing drilling at the Indomitable Camp, within the company’s 100 per cent-owned, Sandstone gold project in Western Australia.
Alto Metals said the program intersected shallow gold in multiple holes, with mineralisation defined over a total strike of over 800 metres and continues to remain open to the north-west, the south-east and at depth.
New shallow gold results from this latest program include:
SRC709
11 metres at 1 grams per tonne gold from 63m, including 4m at 2.1g/t gold from 70m, and 13m at 5.4g/t gold from 80m, including 3m at 16.7g/t gold from 81m;
SRC708
21m at 1.4g/t gold from 33m, including 2m at 5g/t gold from 41m; and
SRC700
21m at 1.2g/t gold from 47m, including 1m at 7.5g/t gold from 56m.
“We are pleased to announce further excellent results from our ongoing program at Indomitable, where we continue to define additional shallow oxide gold mineralisation outside the current resource,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.
“There is no mineral resource currently defined at Indomitable East and this latest drilling has, along with historical drilling, now defined mineralisation over 800 metres of strike that remains open to both the north-west and south-east.
“These results continue to highlight the camp scale growth potential we see at Indomitable, which sits within a much larger 20 kilometres gold corridor.
“Assays are currently pending from the drilling recently completed at the Musketeer target and the rig has now been moved back to follow up on some of the recently announced shallow high-grade intercepts from Indomitable North, including SRC629 which returned 15 metres at 4.2 grams per tonne gold from just 30 metres depth.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@altometals.com.au
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further assay results from reverse circulation (RC) drilling completed at the Big Sky deposit south-west of Lena and Break of Day, on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.
Musgrave Minerals explained the latest results emanated from a combination of infill and extensional drilling that highlight high-grade and variable grade gold within near-surface mineralisation along the Big Sky deposit.
This drilling is the first phase of a larger program Musgrave has aimed at infilling and upgrading key sections of the Big Sky deposit for future resource updates and conversion from Inferred to Indicated Resource categorisation.
New zones of mineralisation encountered outside the current Mineral Resource boundary included:
22MORC159
4 metres at 20.9 grams per tonne gold from 19m;
22MORC168
3m at 10.1g/t gold from 95m;
22MORC198
7m at 2.8g/t gold from 34m;
22MORC169
1m at 17.7g/t gold from 37m; and
22MORC201
1m at 20.3g/t gold from 52m.
“The latest assay results from infill and extensional resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the deposit,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“A significant number of these new drill holes host mineralised intervals well above the current resource grade of the deposit.
“This is the first phase of a larger program at Big Sky with further drilling due to commence following completion of the current program at White Heat-Mosaic.
“This drilling will continue to focus on the top 120 metres of the Big Sky deposit with the aim to convert a significant portion of the near-surface mineralisation to the greater confidence Indicated Resource category.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@musgraveminerals.com.au
Web: www.musgraveminerals.com.au
THE DRILL SERGEANT: Meeka Metals (ASX: MEK) reported assays from a further seven diamond holes drilled at Turnberry central, part of the company’s 100 per cent-owned Murchison gold project in Western Australia.
Mekk Metals drilled below the 2021 Scoping Study open pit shell to receive assays demonstrating continuity of the thick zones of gold below the planned pit.
Assays also confirmed the high-grade nature of the western lode, which sits 20 to 50 metres to the west of the main zone of mineralisation at Turnberry central.
Results included:
22TBRCDD009
18 metres at 4.41 gras per tonne gold from 252m, including 10m at 7.26g/t gold and 23m at 2.52g/t gold from 281m, including 10m at 4.31g/t gold;
21TBRCDD027
19m at 2.62g/t gold from 364m, including 3m at 5.46g/t gold; and
21TBRCDD018
16m at 2.18g/t gold from 301m, including 5m at 4.41g/t gold.
“These results continue to demonstrate the broad zones of gold at Turnberry extend below the 2021 Scoping Study open pit design,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.
“Importantly, the high-grade western lode located 20 to 50 metres to the west of the main lode was confirmed to extend 150 metres to the south of previous intersections where visible gold was also logged in drill holes.
“The western lode is a potential underground mine below the planned open pit.
“We are now seeing the depth potential of this highly fertile seven kilometres system that hosts both Turnberry and St Anne’s.
“With these results from Turnberry in hand, our focus is now on drilling out St Anne’s, targeting primary mineralisation in the fresh rock.
“Diamond drilling at St Anne’s will commence in early October 2022.
“This will, provide additional capacity to target primary mineralisation in the fresh rock, while also gathering important structural information about the St Anne’s mineralisation.
“Shallow strike extensional drilling into the oxide zones remains ongoing at St Anne’s.”
TO READ THE FULL ANNOUNCMENT: CLICK HERE
Email: info@meekametals.com.au
THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has commenced a reverse circulation (RC) and diamond drilling program at the Golden Forty project, within the company’s 100 per cent-owned Southern Project Area near Tennant Creek in New South Wales.
Emmerson Resources is drilling to test for extensions to the historic high-grade gold mineralisation (approx. 12g/t gold) at the Golden Forty Mine and potential at the nearby Golden Forty East project.
The program operated and managed by Emmerson and funded as part of the $5 million earn-in to the Southern Project Area by Joint Venture (JV) partner Tennant Consolidated Mining Group (TCMG).
The company is hopeful that results will advance this project to a scoping study with potential to be added to the mining schedule that contains recently announced resources for the Chariot and Mauretania deposits.
“The Golden Forty mine reportedly produced more than 50,000 ounces of gold at a high-grade of approx. 12 grams per tonne gold in the typical high value style of mineralisation seen across Tennant Creek,” Emmerson Resources managing director Rob Bills said in the company’s ASX announcement.
“Drilling at Golden Forty is aimed at adding further resources to the inventory and mine schedule ahead of establishment of the central mill by our partner TCMG.
“We have recently announced JORC resource estimates for Chariot and Mauretania under the Small Mines JV with partner TCMG.
“Providing this current program is successful, we anticipate resource additions from Golden Forty that may be amenable to future open pit mining.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: corporate@emmersonresources.com.au
Web: www.emmersonresources.com.au
THE DRILL SERGEANT: Aurumin Limited (ASX: AUN) closed out the week by reporting assay results from a recently completed reverse circulation (RC) drilling program at the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.
Aurumin carried out he drilling to test for geological linkages between the project’s Shillington and Two Mile Hill deposits while also seeking potential for higher-grade mineralisation along a structurally controlled corridor to both improve and extend the existing Shillington Resource.
The company explained the RC program consisted of nine holes drilled in conjunction with pre-collars for diamond drilling at the Two Mile Hill deposit.
Highlights include:
SN_SH_RC_22_0003
7 metres at 5.78 grams per tonne gold from 137m;
SN_SH_RC_22_0004
6m at 5.4g/t gold from 96m;
SN_SH_RC_22_0007
8m at 4.99g/t gold from 80m;
SN_SH_RC_22_0006
7m at 1.64g/t gold from 90m and 4m at 4.54g/t gold from 101m.
“These are some great results from Shillington, indicating a structurally related higher-grade corridor and continuity of grade connecting to the Two Mile Hill deposit,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.
“Along with the recently completed diamond drilling at Two Mile Hill, this sets us up to now model the Shillington and Two Mile Hill deposits as a single geological complex, with known grade in the banded iron formation, mafic and tonalite.
“We anticipate results for the final two diamond holes, that were drilled at Two Mile Hill, shortly.
“We look forward to releasing those results and commencing an updated resource model directly after.”
Email: admin@aurumin.com.au
Web: www.aurumin.com.au
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported further high-grade gold hits from the company’s 100 per cent-owned Coyote gold operation near the Northern Territory border in northern Western Australia.
Black Cat Syndicate said assays for the first eight holes of a planned 37 hole RC drill program at the shallow, high grade Speedy deposit show every hole has intersected gold mineralisation in the targeted position and assay results are typical of what has been seen previously at Speedy.
New RC drilling assay results received include:
22CYRC0002
3 metres at 29.43 grams per tonne gold from 82m;
22CYRC0008
6m at 8.33g/t gold from 152m;
22CYRC0004
2m at 4.41g/t gold from 177m; and
22CYRC0005
1m at 11.4g/t gold from 100m.
“Every hole assayed to date at Speedy has intersected high-grade gold where we expected,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
“These results validate the quality of the high-grade Resource at Speedy as well as our targeting strategy.
“Drilling at Kavanagh is also shaping up well.
“All holes drilled to date have intersected mineralised quartz veins in the predicted positions with visible gold in two of the holes.
“Both Speedy and Kavanagh have strong potential for Resource growth and discovery beyond the currently defined zone of mineralisation.
“Extensional and infill drilling will continue throughout 2022 as we begin to unlock the potential of this region.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@bc8.com.au
Web: www.blackcatsyndicate.com.au
Caspin Resources (ASX: CPN) chief executive officer Greg Miles featured at the Resources Roadhouse Steak Sandwich Showdown at Diggers & Dealers this year. He zoomed into the Roadhouse to reminisce with Wally Graham and to bring us up to speed on progress at the company’s projects across Western Australia.
