Metalicity Confirms Additional Gold Mineralisation at Kookynie

THE DRILL SERGEANT: Metalicity (ASX: MCT) announced intercepts from its September drilling program, claiming they confirm mineralisation extensions past previously developed and drilled areas at the company’s Kookynie project in the Eastern Goldfields of Western Australia.

Metalicity completed a three-hole follow up program that it said reaffirms the excellent exploration potential of the Kookynie gold project.

Results include:

At Leipold
9 metres at 7.31 grams per tonne gold from 34m, including 3m at 7.91g/t gold from 34m; and

4m at 10.4g/t gold from 39m, including 1m returning 31.2g/t gold from 40m.

McTavish
3m at 1.41g/t gold from 73m; and

Champion
1m at 1.35g/t gold from 127m.

According to Metalicity, all holes returned structural continuation of mineralisation and noteworthy intersections.

“While the short program encompassed three drill holes, each was successful in again extending the known mineralisation,” Metalicity managing director Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.

“The intercept at Leipold illustrates the high-grade nature that is possible within these structures.

“I am very excited to see the completion of the current rights issue on offer and continue to develop the Kookynie gold project, which represents a significant opportunity for Metalicity.”

The Kookynie project is host to six prospects: Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland.

 

Web: www.metalicity.com.au

 

Cygnus Gold (ASX: CY5)

THE CONFERENCE CALLER: Cygnus Gold (ASX:CY5) has extended nickel anomalism on the back of results from soil sampling over the Bencubbin North nickel and base metals prospect within the company’s wholly owned Bencubbin project in the Wheatbelt region of Western Australia.

Cygnus Gold has also announced a high-grade gold intersection at the company’s Stanley project in the Wheatbelt of Western Australia.

The Resources Roadhouse caught up with Cygnus Gold managing director James Merrillees at the RIU Resources Investor Roadshow in Melbourne to get the low down on proceedings.

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With the surface sampling having extended the nickel-copper and copper-lead-zinc prospectivity at Bencubbin North, outlining widespread PGE anomalism consistent with potential for magmatic nickel-copper sulphide mineralisation, Cygnus Gold has declared it intends carrying out infill sampling to refine targets for drill testing with sampling to commence on the highest priority targets.

Cygnus is also planning to commence sampling on the Bencubbin South tenement over extensions of the Bencubbin Greenstone as well as further sampling of the Mandiga Trend, located at the southern end of Bencubbin North project, which it considers highly prospective for base metals.

Drilling is planned in the second half of the year once it has received and interpreted these results.

 

Email: info@cygnusgold.com

Web: www.cygnusgold.com

 

Triton Minerals (ASX: TON)

THE CONFERENCE CALLER: Triton Minerals (ASX: TON) is an emerging graphite producer with three world class graphite projects in the Cabo Delgado region of Northern Mozambique that the company considers to be, arguably, one of the world’s best locations for graphite.

The Triton Board has approved development of the company’s flagship Upulo (Ancuabe) graphite project and early works activities are well underway with mining and processing scheduled commence in the first half of 2020.

Ancuabe’s large flake and high purity graphite is a key differentiator and is well positioned to be a market leader in the expandable graphite market.

The Roadhouse spent an interesting couple of minutes with Triton Minerals managing director Peter Canterbury at the RIU Resources Investor Roadshow in Melbourne.

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Ancuabe is complemented by two other assets that provide a project pipeline for development or Joint Venture partnership and include the world’s largest combined graphite and vanadium deposit, Nicanda Hill, that Triton believes to be ideally suited to the battery market.

 

Email: info@tritonminerals.com

Web: www.tritonminerals.com

 

Galan Lithium (ASX: GLN)

THE CONFERENCE CALLER: Galan Lithium Limited (ASX: GLN) released the maiden JORC (2012) compliant Mineral Resource estimate for the Candelas lithium brine project located in Catamarca province, Argentina.

The indicated mineral resource estimate for the higher grade Candelas North zone is 684,850 tonnes of
contained lithium carbonate equivalent (LCE) product grading at 672mg/l lithium(at 500mg/l Li cut off).

The company said the Indicated Resource forms a solid basis for an upcoming Pre-Feasibility Study and has exceeded its expectations by further validating the high-grade, low impurity nature of the Candelas project and our strategy to fast-track Candelas towards commercial development.

With further drilling, Galan is confident of delivering future upgrades to this resource.”

The Resources Roadhouse was able to catch up with Galan Lithium managing director at the recent RIU Resources Roadshow in Melbourne.

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Galan Lithium also recently announced preliminary assay results from its maiden drill hole at Pata Pila, which forms part of the company’s Western Basin projects located on the Hombre Muerto salar in Argentina.

Galan Lithium’s Pata Pila licence covers a large alluvial fan adjacent to Livent Corporation’s (NYSE: LVHM) tenure covering the western margin of the Hombre Muerto salar.

The drillhole intercepted several brine horizons varying from 25m to 258m in thickness and was completed at 718 metres after encountering basement at a depth of 713 metres.

Preliminary results from four samples returned consistent, high lithium grades greater than 900mg/l lithium with low impurity levels.

Galan Lithium is confident that Galan has the potential to increase its lithium resource inventory beyond its Candelas project.

 

Web: www.galanlithium.com.au

 

Galileo Mining (ASX: GAL)

THE CONFERENCE CALLER: Galileo Mining (ASX: GAL) is undertaking exploration activities at the company’s Empire Rose and Yardilla South prospects in Western Australia’s highly prospective Fraser Range Belt.

Both the Empire Rose and Yardilla South prospects are well developed targets where initial shallow drilling, geophysical surveying, and geochemistry suggests potential for economic mineralisation at depths between 150m and 250m below surface.

The company is also conducting the first drilling program at the company’s Subzero prospect near Norseman, also in Western Australia.

The Resources Roadhouse spoke with Galileo Mining managing director Brad Underwood and technical director Noel O’Brien at the RIU Resources Investor Roadshow in Melbourne.

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Galileo Mining drilled six Reverse Circulation (RC) at the Subzero prospect, constituting the first drilling program focussed on testing beneath a zone of outcrop with anomalous surface copper assays.

Three holes (NRC241 to 243) were drilled on the same section to provide an understanding of the geometry and potential for mineralisation.

A further three holes (NRC244 to 246) were drilled beneath the outcrop 25 metres north and south of the drill section.

Galileo declared the drilling had intersected highly anomalous zinc and copper in all six drill holes.

 

Email: admin@galmining.com.au

Web: www.galmining.com.au

 

Blackstone Minerals (ASX: BSX)

THE CONFERENCE CALLER: Blackstone Minerals (ASX: BSX) announced PGE assays from the maiden drill results at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse spoke with Blackstone Minerals managing director Scott Williamson at the RIU Resources Investor Roadshow in Melbourne.

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Blackstone Minerals declared the maiden PGE assays have potential to greatly the economics of the large unmined disseminated sulphide prospect at Ban Phuc with the initial three holes delivering results of:

BP19-01
22 metres at 0.76 per cent nickel, 0.13 per cent copper, 0.01 per cent cobalt and 0.4 grams per tonne PGE from 138m;

BP19-02
17.8m at 1 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 106.6m; and

BP19-03
45.5m at 1.2 per cent nickel, 0.17 per cent copper, 0.01 per cent cobalt and 0.35g/t PGE from 56.5m.

Blackstone explained that its assays are the first ever PGE assays for the Ban Phuc disseminated sulphide zone (DSS), as previous owners focused entirely on massive sulphide veins (MSV) and only minimal PGE assays have been taken throughout the Ta Khoa nickel project.

The company’s drilling of the Ban Phuc DSS has delivered peak assays up to 3.4 per cent nickel and 2g/t PGE.

Blackstone considers the previously unrecognised PGE grades associated with the Ban Phuc DSS suggest a potential by-product credit could enhance the future economics of the Ta Khoa nickel project.

“Our maiden PGE assays from the Ban Phuc disseminated sulphide are a game-changer for the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We look forward to better understanding the project’s full potential as we receive further assays from our drilling program.”

Blackstone is continuing with drilling at Ta Khoa to test high impact targets generated from a recently completed maiden induced polarisation (IP) survey.

Assays are also pending for the next four drill holes from the Ban Phuc disseminated sulphide zone.
The Ta Khoa nickel project is located 160 kilometres west of Hanoi.

The project includes the existing Ban Phuc nickel mine, which was built to Australian Standards and is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016.

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Kopore Metals (ASX: KMT)

THE CONFERENCE CALLER: Kopore Metals (ASX: KMT) is currently conducting a program of diamond drilling at the company’s Namibian Otjari Domal prospect in Namibia.

Kopore Metals is drilling at the Otjari Domal prospect having completed a NSAMT ground geophysical survey, identifying a potentially shallow D’Kar/Ngwako Pan footwall contact position within 200 metres of surface.

The company’s technical team has interpreted the Otjari Domal prospect as a potential subsurface domal structure and the faulted south-western continuation of the identified Qembo Dome, known to host copper mineralisation.

This current drilling program is the Kopore’s first campaign into the Otjari Domal prospect.

The Resources Roadhouse spoke with Kopore Metals managing director Simon Jackson at the RIU Resources Investor Roadshow in Melbourne.

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Kopore Metals is actively exploring its copper-silver prospects on the emerging world class Kalahari Copper Belt, located in the Republic of Botswana and Namibia.

Kopore is exploring for stratabound copper-silver deposits across its sixteen 100 per cent-owned prospecting licenses in Botswana and eight prospecting licences in Namibia, for a total of 14,363 square kilometres on the world class Kalahari Copper Belt.

Kopore believes the Kalahari Copper Belt can provide the potential for large scale discovery.

 

Email: info@koporemetals.com

Web: www.koporemetals.com

 

Middle Island Resources (ASX: MDI)

THE CONFERENCE CALLER: Middle Island Resources (ASX: MDI) has outlined a schedule of exploration and corporate activities focused on its stated intentions of recommissioning its 100 per cent-owned Sandstone gold processing plant at the earliest opportunity.

The Resources Roadhouse had a brief chat with Middle Island Resources managing director at the recent RIU Resources Investor Roadshow in Melbourne to hear the company’s latest strategy.

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Middle Island’s exploration to date at the Sandstone project has been largely focussed on assessing brownfields targets, such as the Two Mile Hill deposit.

This has left the majority of greenfields targets untested or inadequately tested.

Advancing the Two Mile Hill deposit will remain a priority, but while that carries on, further exploration will hone in on identifying and quantifying additional open pit deposits of sufficient gold grade to facilitate a recommissioning decision.

“A recommissioning decision for the Sandstone gold operation is predicated on defining adequate gold resources, at an acceptable grade, to justify the modest recommissioning costs and ensure sustainable production,” Middle Island Resources managing director Rick Yeates said in a previous announcement.

“This is being progressively achieved via a dual approach; systematic exploration on Middle Island’s own tenure and engagement with neighbouring companies to consolidate adjacent deposits.”

Middle Island recently reached out to neighbour Alto Metals (ASX: AME), offering an all scrip off‐market take‐over offer for all that company’s issued ordinary shares.

Middle Island considers combining of the assets of the two companies would create a company with near-term cash flow potential and considerable production and exploration upside.
The company believes access to the Sandstone processing plant would provide Alto with an immediate, proximal and cost-effective processing solution for its gold resources that is not otherwise available.

“The collective Middle Island‐Alto gold assets offer a substantial growth opportunity for current and future shareholders of the Combined Group, via low capital intensity and a near-term production profile,” Yeates said.

“The further potential is to significantly extend this production profile via Middle Island’s Two Mile Hill underground deposits, consolidate further proximal deposits within a 100 kilometre radius, and amalgamate an entire greenstone belt offering significant resource and exploration upside.”

 

Email: info@middleisland.com.au

Web: www.middleisland.com.au

 

Ardiden Limited (ASX: ADV)

THE CONFERENCE CALLER: Ardiden Limited (ASX: ADV) recently reported a Maiden Mineral Resource estimate for the Kasagiminnis deposit within the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden declared the Inferred Resource estimate of 790,000 tonnes at 4.3 grams per tonne gold for 110,000 ounces to represent the first building block of planned gold resource upgrades as drilling re-commences and exploration activities ramp up on site.

The Resources Roadhouse managed a quick chat with Ardiden CEO Rob Longley at the RIU Resources Investor Roadshow in Melbourne.

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Ardiden has commenced planning for additional drilling, including negotiations with First Nations groups and approvals aimed at extending the Resource along strike and at depth at Kasagiminnis.

The company is also planning geophysical surveys, compiling historical data and evaluating drill targets with the aim of also building Project Mineral Resources at the South Limb, West Pickle and Dorothy-Dobie prospects at the Pickle Lake gold project.

“The Pickle Lake Greenstone area has been overlooked and under-loved since the 1980s, but now there is renewed interest from numerous mining and exploration companies in both the dormant underground mines and adjacent extensions of mineralised areas,” Longley said when releasing the announcement.

“A higher gold price and much improved exploration techniques has made this Gold Camp ripe for re-evaluation.

“Kasagiminnis is only a small part of our Pickle Lake gold project and following a recent site visit, I am encouraged by the prospectivity of the district in terms of mineralisation, opportunity and stakeholder willingness to advance these projects.”

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

Moho Resources (ASX: MOH)

THE CONFERENCE CALLER: Moho Resources (ASX: MOH) recently completed a maiden auger drilling program at the Crossroads prospect within the company’s Burracoppin gold project in Western Australia.

Moho Resources’ auger exploration program consisted 814 shallow auger holes to test aeromagnetic and gravity targets plus gold in soil anomalies within E70/4688.

The program focused on a number of exploration targets which the company had previously identified within the Tampia Structural Corridor of the Southwestern Terrane and located approximately 22 kilometres from Ramelius’ Edna May gold mine near Westonia.

The Roadhouse caught up with the company’s executive director Ralph Winter at the RIU Resources Investor Roadshow in Melbourne.

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Moho received results from the first 380 samples at the Crossroads prospect, demonstrating >25ppb gold anomalies and a number of >100ppb gold anomalies within E70/4688.

A broader gold anomaly was also identified at the >8ppb level measuring approximately 1.4 kilometres east to west by 0.7km north to south that remains open to the north, west and east.

A partly coincident, high contrast arsenic anomaly peaks between 16 to 61ppm arsenic over a grid background level of 1-4ppm arsenic at the west, east and northern ends of the >25ppb gold anomaly.

Moho indicated it is proposing to undertake follow up auger sampling to the north, east and west of the currently defined >8ppb gold anomaly.

“Identification of such a strong gold in soil anomaly in first pass auger drilling is a great result for Moho and our exploration team and confirms the company’s initial assessment of the gold prospectivity of the Burracoppin project, Moho Resources managing director Shane Sadlier said.

“Coincidence of arsenic with the gold anomalism is very encouraging.”

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au