De Grey Mining Drills Energising Results at Diucon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported exploration results from the Diucon deposit at the company’s Hemi gold project in Western Australia.

Diucon is located immediately to the west of Crow and presents a potential geological link between the Crow and Antwerp intrusions.

De Grey said the gold mineralisation at Diucon shows similar alteration and sulphide development as seen at the adjacent Aquila, Brolga, Crow, Falcon and Eagle deposits.

Extensional Results

Section 28720E

HERC442D
173.7 metres at 1.5 grams per tonne gold from 271.3m; 80m below the current resource

HERC851D
99m at 1.1g/t gold from 256m and 173m at 1.6g/t gold from 366m; 160m below the current resource

Section 28880E

HERC460D
108.4m at 0.8g/t gold from 280.72m. 80m below the current resource

Infill Results

Section 28720E

HERC441D
58.7m at 2g/t gold from 224m; (partially previously reported)

Section 28800E

HERC476D
88m at 1.9g/t gold from 256m; and

HERC458D
87.0m at 1g/t gold from 180m and 42m at 4.2g/t gold from 278m.

“The new drilling results at Diucon provide clear evidence that increases to the current Hemi resource can be expected with further drilling,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The higher grades zones within these broad gold zones are also encouraging, as we continue to extend mineralisation to the west and conduct closer spaced drilling within the existing resource footprint.

“The mineralised intrusion on Section 28720E widens at depth.
“Step out drill hole HERC889D is currently in progress, targeting a further 160 metres beneath HERC851D.

“This well mineralised section remains entirely open to the west and depth.

“The mineralised intrusion at Diucon was intersected in RC and diamond drilling beneath unmineralised sediments previously intersected in shallow aircore drilling.

“This aspect provides encouragement for discovering additional mineralised intrusions around Hemi in a similar setting.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Golden Mile Resources Encounters Widespread Gold Mineralisation at Leonora Project

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported results from recently completed aircore (AC) drilling undertaken at the Ironstone Well and Benalla gold projects, part of the company’s Leonora gold project near Kalgoorlie in the Eastern Goldfields of Western Australia.

A 16-hole AC program at Benalla followed up targets at Wanghi, Benalla Hill, BGT2, BGT3 and Websters.

Intersections from this program include:

BTAC277 (Wanghi)
4 metres at 0.68 grams per tonne gold from 37m and 4m at 0.29g/t gold from 45m;

BTAC271 (BGT02)
4m at 0.11g/t gold from 40m;

BTAC272 (BGT02)
4m at 0.16g/t gold from 36m; and

BTAC273 (BGT02)
4m at 0.17g/t gold from 44m and 5m at 0.16g/t gold from 52m.

An 11-hole AC program at Ironstone Well, seven kilometres northeast of Leonora, targeted geochemical anomalies coincident with the folded “Pink Pig” Shear Zone, which can be traced for more than three kilometres regionally.

Best intersections at Ironstone Well were associated with the Pig Well prospect and included:

IWAC010
4m at 0.3g/t gold from 40m and 8m at 0.6g/t gold from 60m;

IWAC007
4m at 0.13g/t gold from 96m;

IWAC008
4m at 0.1g/t gold from 16m; and

IWAC009
4m at 0.53g/t gold from 60m.

“While the company is encouraged by the widespread gold mineralisation intersected to date at Benalla, and the untested potential at Ironstone Well, the company’s focus over the coming months will be on the Yarrambee project and following up the outstanding copper-zinc targets identified from the recently completed airborne survey,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Planning is now well advanced to source a crew to complete ground electromagnetic surveys prior to drilling on these high priority targets at Yarrambee and I look forward to providing an update on this program in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com.au

 

Web: www.goldenmileresources.com.au

 

RareX Reports Cummins Range Rare Earths Resource Upgrade

THE DRILL SERGEANT: RareX Limited (ASX: REE) reported a substantial resource upgrade for the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX has grown the Cummins Range Mineral Resource in size and quality as a result of drilling programs completed last year, firmly establishing the deposit as a high-quality development opportunity in a Tier-1 mining jurisdiction.

The new estimate includes a 47 per cent increase in overall tonnes to 18.8 million tonnes at 1.15 per cent total rare earth oxides (TREO), including 0.23 per cent neodymium-praseodymium (NdPr) and 0.14 per cent niobium pentoxide (Nb2O5).

High-grade tonnes improved to 6.5 million tonnes at 1.98 per cent TREO, including 0.38 per cent NdPr and 0.21 per cent Nb2O5.

The estimate includes a maiden Indicated Resource of 11.1 million tonnes at 1.3 per cent TREO, including 0.27 per cent NdPr and 0.17 per cent Nb2O5.

“Achieving a resource upgrade of this magnitude is a fantastic result which reflects the great work undertaken by the RareX technical team over the past year,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“The resource has increased in grade and scale, and now clearly sits at the forefront of rare earth development projects on the ASX.

“Apart from the overall 47 per cent increase in tonnage, we have also posted a sizeable increase in high-grade tonnes and a very significant maiden Indicated Resource of 11.1 million tonnes, which will be available for conversion to ore reserves as part of upcoming economic studies.

“Importantly, we believe that there is enormous scope to grow the resource further, both in overall size and grade.

“We have seen some very encouraging indications from the recent expansionary drilling and we are really looking forward to seeing what the upcoming diamond drilling will reveal.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Dreadnought Resources Releases Triple Header Announcements

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) kept market watchers interested this week by releasing three ASX announcements covering the company’s diverse portfolio of projects.

Dreadnought Resources’ first announcement of the week covered results of reconnaissance sampling at Rough Triangle, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

The company explained that Rough Triangle was identified and mapped by Western Mining Corporation in 1958, at which time it was declared a ‘significant lode’, however, Rough Triangle was not sampled, and no exploration has been undertaken there since.

Dreadnought has now sampled Rough Triangle as part of a project wide reconnaissance program assessing historically mapped mineralisation and more recently generated anomalies.

The sampling confirmed high tenor polymetallic mineralisation, including critical minerals antinomy and bismuth, in addition to copper and silver over approx. 600 metres of strike length.

“We have no shortage of outcropping mineralisation at Tarraji-Yampi,”

“There is certainly nothing more exciting than walking along walls of outcrop with copper staining.

“The confirmation of high tenor antimony, bismuth, copper and silver is highly encouraging for a substantial system at Rough Triangle.

“We will continue to assess additional targets while undertaking our drilling programs at Texas, Fuso, Paul’s Find, Orion and Chianti-Rufina.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Dreadnought followed up on Wednesday by announcing results from rock chip sampling of pegmatites at Peggy Sue, part of the company’s Illaara project.

Results achieved at Peggy Sue identified multiple, high-grade tantalum clusters and anomalous lithium.

The company believes these rock chip results indicate a potentially large system.

Future work will look to further map and sample the pegmatites to determine the mineral zonation patterns and define drill targets, likely to commence in the December 2021 quarter.

“Identifying these high-grade tantalum clusters from first pass sampling is highly encouraging,” Tuck said.

“Tantalum is a critical metal where security of supply matters and Peggy Sue is ideally situated in a Tier 1 jurisdiction.

“Going forward, we will be looking to extend the mineralisation and define any zonation within these pegmatite swarms with an eye to vector in towards additional tantalum and potential lithium and caesium zones.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

On Thursday, Dreadnought informed everybody that RC drilling has commenced at Chianti-Rufina, which is also part of the Tarraji-Yampi project.

The drilling at Chianti-Rufina is expected to take a week, after which the drill rig will move to Fuso and Paul’s Find copper-gold targets.

FLEM surveys at the Orion nickel-copper-PGE target will be underway at the same time.

Once drilling is complete at Fuso and Paul’s Find, the rig will move to Orion to drill the known EM plates and any additional plates identified by the FLEM surveys.

This program is expected to be completed by the end of July 2021.

“We are embarking on a 21-hole diamond and RC drill program that will test targets over five high-quality prospects, Tuck said.

“To say that we are excited about the potential of this program is an understatement.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Alchemy Resources Drills High-Grade Results at Karonie

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) reported receiving results of all holes from a recent Reverse Circulation (RC) drill program undertaken on the company’s Karonie gold project in the Eastern Goldfields of Western Australia.

Alchemy Resources conducted the Phase 1 drill program at Karonie focussing on infilling and extending shallow zones of mineralisation at Parmelia, Taupo and KZ5 with anomalous intercepts returned from most holes.

Mineralisation at KZ5 extended to 500m, open along strike to the north and south, while high-grade mineralisation was intersected at Taupo, extending 150m down dip, remaining open at depth.

Best Intercepts include:

KZ5

KZRC103
12m at 1.26 grams per tonne gold from 24m, including 8m at 1.41g/t gold from 24m;

KZRC104
4m at 3.39g/t gold in from 56m;

KZRC105
1m at 1.87g/t gold from 58m;

KZRC107
4m at 1.25g/t gold from 96m;
40m at 0.54g/t gold from 8m; and

KZRC109
2m at 1.25g/t gold from 109m.

Taupo

TARC011
1m at 2.67 gold from 107m;

TARC013
4m at 1.72g/t gold from 123m, including 1m at 5.73g/t gold from 123m; and

TARC014
4m at 1.82g/t gold from 48m.

“Karonie is continuing to emerge as a very exciting project,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“This recent round of drilling has extended mineralisation at KZ5 to around 500 metres strike as well as opening a potential new zone of mineralisation to be tested in the north-west section.

“At Taupo we’ve extended mineralisation to 150 metres down dip with some high-grades in the central part of the deposit, which is a fantastic outcome.

“Mineralisation remains open at depth and along strike at all three prospects so its early days of testing what appears to be multiple significant mineralised systems.

“Our understanding of these systems has advanced significantly and will be utilised in planning for our next phases of drilling.

“We will now look to re-sample the four metre composites and to commence 3-D modelling these zones, with a view to potentially calculating a maiden resource later this year.

“In addition, we have detailed reconnaissance surface mapping underway in the areas to the north and south of Karonie which will form part of the next phases of drilling commencing later this year.

“This dovetails in with our strategy of an aggressive 10,000 metres to 20,000 metres drill program over 3 phases across the tenement package at Karonie.”

 

 

 

Email: info@alchemyresources.com.au

Web: www.alchemyresources.com.au

 

Galan Lithium HMW Project Review Optimises Capex Profile

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has made considerable advancement of feasibility study foundation works underway at the company’s Hombre Muerto West project (HMW project) located in the South American Lithium Triangle.

Galn Lithium’s HMW project team completed a preliminary evaporation ponds design making full use of the company’s tenement holding for producing up to 25,000 tonnes per annum lithium carbonate equivalent (LCE).

The company said the work had confirmed the robustness of the evaporation design to achieve a high-quality brine concentrate by successfully completing two additional brine evaporation tests.

“Galan continues to strengthen and broaden the flexibility of the HMW project with a view to production as soon as possible,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We have confirmed the existence of a strong product with lithium concentrate levels beyond six per cent lithium, and we continue to optimise our evaporation route.

“Our team is confident of the HMW project’s potential to increase its production levels up to 25,000 tonnes per annum LCE in the next feasibility studies.

“The Galan team continues to look at solutions to grow and make HMW as robust and as low risk as possible by using proven technology.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

Web: www.galanlithium.com.au

 

Chalice Mining Presents Further High-Grade Julimar Zones

THE DRILL SERGEANT: Chalice Mining (ASX: CHN) has continued to identify zones of high-grade at the company’s 100 per cent-owned Julimar nickel-copper-platinum group element (PGE) project in Western Australia.

Chalice Mining reported the receipt of further high-grade results from an ongoing step-out and resource definition drill program underway at the Gonneville Intrusion.

Seven rigs (three reverse circulation (RC) and four diamond) are continuing the approx. 160,000 metres step-out and resource definition drill program at the Gonneville Intrusion with over 120,000m of drilling completed to date providing a swag of yet to be received assay results.

In addition to the ongoing infill drilling, Chalice is currently conducting initial wide-spaced RC drilling targeting the extension of the high-grade G4 and G11 zones to the north-east.

Drilling at the Hartog Target is anticipated to commence in late Q3 2021, subject to access approval.

The company indicated it already has a comprehensive work program approved for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies.

“Resource drilling at Gonneville continues at a rapid pace, with predominantly infill drilling continuing to confirm a robust, major PGE-nickel-copper-cobalt-gold deposit,” Chalice Mining managing director Alex Dorsch said in the company’s ASX announcement.

“These latest results confirm continuous zones of high-grade sulphide mineralisation, as well as a large oxide / disseminated sulphide footprint.

“We continue to see impressive zones of shallow palladium-copper-gold mineralisation along the eastern footwall contact of the intrusion, with these zones remaining open to the north-east.

“Step-out drilling is continuing to test the extent of the Gonneville Intrusion in this direction.

“Our understanding of the geology and metallogenesis of the deposit continues to improve as we gather more data.

“Concurrently with the seven-rig resource drill-out, we are also progressing a comprehensive metallurgical testwork program on both the sulphide and oxide mineralisation at Gonneville.

“The core Chalice study team has now been assembled and several other preliminary studies are underway to guide the scoping and feasibility stages of the project.

“We continue to work closely with the relevant State Government departments regarding access to the Julimar State Forest for initial drill testing to the north of Gonneville, with initial wide-spaced drilling anticipated to commence at Hartog in late Q3 2021, subject to access approval.”

 

 

 

Email: info@chalicemining.com

 

Web: www.chalicemining.com

 

Alto Metals Highlights Continuation of Vanguard Mineralisation

THE DRILL SERGEANT: Alto Metals (ASX: AME) has further highlighted the continuity of gold mineralisation at the Vanguard prospect within the company’s Sandstone gold project in Western Australia.

Alto Metals reported results from the latest four metre composite samples taken from wide-spaced step-out RC drilling at Vanguard, defined over 800m strike, that included:

SRC272
28 metres at 1.5 grams per tonne gold from 132m, including 4m at 4.3g/t gold from 152m;

SRC270
8m at 1.8g/t gold from 144m, including 4m at 2.9g/t gold from 144m;

SRC284
4m at 2g/t gold from 64m; and

SRC280
4m at 1.4g/t gold from 40m.

The company believes these latest results not only highlight the continuity of gold mineralisation at Vanguard, but also present a likelihood of further resource growth with multiple intercepts encountered outside the current resource.

“Vanguard is rapidly emerging as a very exciting prospect,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Drilling has now defined mineralisation, together with Vanguard North, over a two kilometre north-west, south-east trend that remains open.

“We are confident that further drilling will demonstrate the growth potential not only at Vanguard but also regionally, along the much larger 20 kilometres corridor of differentiated dolerite that also hosts the Indomitable and Havilah deposits.

“Drilling is continuing at the Lords Corridor, where we now have two RC rigs and one diamond rig following up on the recently announced high-grade results targeting extensions of known mineralisation.

“A number of four metre and one metre assay results are still pending and these will further assist with our ongoing exploration targeting and future resource work.

“It is a very busy time on site with lot of activity as we continue to advance the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Dreadnought Resources Intersects Sulphides in First Texas Hole

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the intersection of sulphides by way of diamond drilling at the Texas target, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources reported drill hole TXDD001 intersected dominantly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres hosted within the Ruins Dolerite.

The drill hole was positioned to test the shallow southern extent of a modelled EM plate.

Diamond core has been dispatched for sampling with assay results expected in August 2021.

Drilling of TXDD002, located approx. 150m to the northeast of TXDD001, will test the EM plate further down plunge with a planned hole depth of 180m.

It is expected that this hole will be completed in mid-July.

The company is currently preparing for a RC drilling program at Fuso and Paul’s Find copper-gold, Orion nickel-copper-PGE and Chianti-Rufina copper-zinc-silver targets drilling scheduled to commence in early July 2021.

“Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion,”

“This is a great start to our exploration program in the Kimberley and we look forward to progressing the diamond and RC drilling programs.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Golden Mile Resources Defines Drill Targets at Yuinmery

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported on a recently completed soil sampling campaign undertaken on the company’s Yuinmery project within the Murchison Region of Western Australia.

The Yuinmery project covers prospective portions of the Youanmi Complex, located approximately 500 kilometres north-east of Perth.

Golden Mile resources collected 451 samples it claims to have confirmed a broad zone of surface gold anomalism associated with the Elephant Reef and Ladies Patch prospects, each of which extend over more than 800 metres adjacent to the regional Yuinmery Shear Zone.

The sampling also defined the new Grey Beard prospect south of Ladies Patch covering an area more than one square kilometre with up to 300ppb gold in soils with no previous drilling.

Limited historical drilling has previously highlighted the prospectivity of the Yuinmery Shear Zone, albeit generally shallow with no follow up RC or diamond drilling reported.

Golden Mile indicated it is planning ground-based work to rapidly advance exploration on these targets at Yuinmery, including further infill soil sampling, aircore drilling traverses and deeper RC to follow up historical intersections.

“These newly identified targets are in addition to samples confirming the broad zone of gold anomalism at the Elephant Reef and Ladies Patch prospects which are adjacent to a major controlling structure in an exploration hot spot,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Golden Mile has long held the view that Yuinmery is an outstanding early-stage exploration play and we are now working up a program to advance these targets which highlight the opportunity for a significant gold discovery.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com.au

 

Web: www.goldenmileresources.com.au