Encounter Resources Intersects Tanami Bedrock Gold

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) reported on recent drilling activities undertaken at the Afghan and Mojave prospects in the Tanami region of Western Australia with Joint Venture partner Newcrest Mining.

Encounter Resources said the drilling had identified bedrock gold mineralisation and geological controls at both prospects with the mineralisation hosted by structures developed within folded dolerite units, which are a favourable host for orogenic gold mineralisation.

The company indicated it had been encouraged by the results achieved at the Mojave prospect where a hinge zone of the interpreted antiform is untested along strike.

Encounter considers such positions represent a key target for large zones of gold mineralisation in the Tanami, making it a high-quality target for future drilling.

One section of three RC drill holes was completed at Mojave, intersecting multiple, broad zones of bedrock gold mineralisation, including:

16 metres at 0.27 grams per tonne gold from 36m;
4m at 0.25g/t gold from 56m;
6m at 0.47g/t gold from 66m;
8m at 0.3g/t gold from 76m;
10m at 0.69g/t gold from 228m; and
10m at 0.38g/t gold from 256m.

4m at 0.7g/t gold from 20m;
4m at 0.28g/t gold from 124m;
6m at 0.53g/t gold from 174m;
4m at 0.38g/t gold from 196m; and
10m at 0.34g/t gold from 210m.

Results from an eight-hole broad-spaced RC drill program at Afghan confirmed gold mineralisation over a two-kilometre zone including:

10m at 1.6g/t gold from 4m, including 6m at 2.5g/t gold from 6m;

2m at 2g/t gold from 40m and 2m at 3.5g/t gold from 136m; and

24m at 0.32g/t gold from 102m.

“The first pass RC drilling at the Afghan and Mojave prospects in the Tanami has confirmed historical near surface gold and intersected new zones of gold anomalism within tightly folded dolerite bedrock,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The level of bedrock gold anomalism at Mojave potentially represents a halo to a higher-grade, orogenic gold deposit and the primary structural target located south-east remains open and untested.”


Email: contact@enrl.com.au

Web: www.enrl.com.au


Red 5 Continues Growth at King Of The Hill

THE DRILL SERGEANT: Red 5 Limited declared its decision in the December 2019 Quarter to boost underground drilling capacity at the company’s King of The Hill (KOTH) project in Western Australia with three diamond rigs, has paid off.

Red 5 reported the drilling has produced results that add further confidence to the Final Feasibility Study (FFS) it currently has underway for KOTH.

The latest broad ‘whole-of-hole’ intercepts include:

190.6 metres at 1.3 grams per tonne gold
231m at 1.2g/t gold and
58m at 4.1g/t gold.

Extensional drilling delivered widths of up to:

57.3m at 2.3g/t gold outside of the existing 3.1-million-ounce Resource envelope, together with high-grade intersections, including:

15.9m at 34.5g/t gold and
18.2m at 11.5g/t gold.

“The 85,000-metre underground drilling program is progressing strongly with approximately 60 per cent of the program completed,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The volume and quality of the data being generated are progressively being fed into an updated Resource model, that will underpin an update to the current 3.1-million-ounce Mineral Resource as part of the FFS on an integrated bulk open pit and underground mining operation due to be released in the September 2020 Quarter.

“Importantly, the results continue to contribute towards achieving the three outcomes we are targeting – namely, to convert as much of the existing Underground Resource into Ore Reserves as we can for inclusion in the FFS, to reassess the final shape of the open pit, and to identify extensions to the underground Resource both along strike and down-dip.

“In-fill and grade control drilling is also delivering positive results by reinforcing the continuity and tenor of the stockwork development zones, which have formed part of our transition to bulk underground mining program and will provide us greater confidence for the future.”


Email: info@red5limited.com

Web: www.red5limited.com


Peel Mining Drills New Southern Nights Gold Zone

THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported the discovery of strong gold mineralisation associated with a new high-grade zone at the southern end of the Southern Nights deposit from the recent resource upgrade drilling program at the company’s 100 per cent-owned Wagga Tank-Southern Nights project, located south of Cobar in western New South Wales.

Peel mining completed a drilling program in 2019 that was designed to develop a higher confidence Mineral Resource Estimate at Wagga Tank-Southern Nights.

The drilling was targeted towards the Wagga Tank, Southern Nights and the Corridor Zone located between Wagga Tank and Southern Nights.

This returned strong assay results, including some of the highest-grade gold mineralisation the company has intersected at Southern Nights to date:

35 metres at 6.3 per cent zinc, 2.59 per cent lead, 105 grams per tonne silver, 0.24 per cent copper, 1.87g/t gold from 232m, including 5.9m at 17.13 per cent zinc, 8.34 per cent lead, 376 g/t silver, 0.26 per cent copper, 7.6 g/t gold from 232.8m; and
7m at 13.3 per cent zinc, 4.4 per cent lead, 97 g/t silver, 0.1 per cent copper 0.89 g/t gold from 251m.

Peel Mining completed a review of these and other infill results, from which it determined that adequate drilling has now been completed to commence Mineral Resource Estimation work with an upgraded resource anticipated for March quarter 2020.

This resource will form the basis for further concept study work to progress the project towards development.

“The high-grade gold associated with the mineralisation in drillhole WTRCDD238 is a very welcome development for the Southern Nights system, all the more exciting as this area remains completely open to the south,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“More importantly, a recent review of resource upgrade drilling indicates good infill and extensional coverage has been established, supporting an update of the Mineral Resource Estimate.

“We look forward to providing an updated resource this quarter.”


Email: info@peelmining.com.au

Web: www.peelmining.com.au


Magnetic Resources Encounters Encouraging Gold Results at Lady Julie

THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) has completed an initial RC drilling program at the Lady Julie project, not far from the company’s Hawks Nest 9 project, located near Laverton in Western Australia.

Magnetic Resources said the drilling had produced promising results along two western mineralised lines, which are only one kilometre and 1.5km east of the HN9 3km-long mineralised project.

Results from the recent drilling include:

2 metres at 5.44 grams per tonne gold from 29m;

1m at 18.18g/t gold from 15m;

6m at 1.79g/t gold from 1m; and

3m at 1.78g/t gold from 5m.

The recent drilling is being followed up over a total of 1.3km strike length with 30 RC holes.

The company considers the area covering Lady Julie and HN9 to be well endowed and, as such, it has become a focus for potential gold mineralisation over 11.4 square kilometres for a mining centre after more drilling is completed.

Magnetic has found the Lady Julie mineralised zones to be similar to HN9 and occur within altered porphyry and altered porphyry and mafic contacts and in some case with sediment zones.

“The western half of the Lady Julie project is typified by shallow dipping and sub horizontal mineralised zones and is proximal to the contact of mafic and intruding porphyry,” Magnetci Resources said in its ASX announcement.

The Lady Julie tenements have demonstrated strong mineralisation, returning 198 gold intercepts greater than 0.5g/t gold.

These include 88 greater than 1g/t, 33 greater than 2g/t, 19 greater than 3 g/t and 12 greater than 4g/t.

“Both detailed ground magnetics and the remaining soil geochemical surveys will be completed over the Lady Julie tenements followed up with further shallow RC 30-hole program totalling 1520 metres testing mainly for extensions to the north and south and at depth below promising intersections,” Magnetic said.


Web: www.magres.com.au

Matsa Resources Drills High-Grades Under Devon Mine

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced preliminary results from RC drilling undertaken at the Devon mine site within the company’s Lake Carey gold project in the Eastern Goldfields of Western Australia.

Matsa Resources said the five-hole RC drilling program, which was carried out in December 2019 to test continuity of gold mineralisation below historic underground and more recent open-pit mine workings, had illustrated continuation of high-grade mineralisation.

Highly encouraging gold assay results were returned in four of the five drill holes completed, including:

Main Lode

3 metres at 35.03 grams per tonne gold;

3m at 5.93g/t gold and 3m at 1.56g/t gold; and

3m at 1.38g/t gold.

Hanging Wall Lode

15m at 20.78g/t gold, including 3m at 94.1g/t gold and 3m at 5.98g/t gold.

“Three of these intercepts are interpreted to lie on a continuation of the Devon Main Lode zone which was previously mined by GME Resources Ltd,” Matsa Resources said in its ASX announcement.

“High-grade gold mineralisation was also intersected in one drill hole, in the hanging wall above the Main Lode zone.

“This mineralisation, referred to as the Hanging Wall Zone was not previously mined and appears to be poorly tested by previous drilling and hence warrants much further work.”

Matsa indicated it has further drilling planned to better define high-grade mineralisation in the Main Lode and the Hanging Wall lode.

A test IP survey is planned to confirm whether high-grade lodes can be detected by this technique.


Email: reception@matsa.com.au

Web: www.matsa.com.au


Pantoro Continues Scotia Run

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) released initial drilling results from the Scotia deposit, located at the company’s 50 per cent-owned Norseman project in Western Australia.

Pantoro commenced drilling at Scotia in October 2019 and has completed around 27 holes of the planed RC and Diamond drilling program to date.

The Scotia gold deposit is located approximately 25 kilometres south of Norseman and is part of the Scotia Mining Centre that also includes the Taurus, Lady Eleanor and Free Gift deposits that combine for a Mineral Resource estimated to contain approximately 2.43 million tonnes at 5.3 grams per tonne gold for 413,000 ounces of gold.

Scotia is the fourth major mining centre tested by Pantoro at Norseman.

All areas the company has drilled to date have returned excellent results in line with expectations.

Drilling in and around the existing Scotia Mineral Resource has confirmed continuity of mineralisation with intercepts to date including:

4 metres at 44.46 grams per tonne gold , including 1m at 115g/t gold ;
4m at 5.51g/t gold;
2m at 5.33g/t gold;
1m at 7.95g/t gold;
5m at 6.3g/t gold;
1m at 16.6g/t gold;
3m at 4.38g/t gold; and
4m at 3.87g/t gold.

Pantoro is drilling at Scotia targeting infill and extension of the current 413,000-ounce Mineral Resource to approximately 150 metres below surface.

The company’s objective is to define both open pit and future underground mining potential.

Results to the north of the current pit and underground workings have been encouraging and will be followed up in the remainder of the planned program.

“These excellent results come from the fourth deposit that we have drilled at Norseman,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“Each deposit drilled to date has provided outcomes in line with or exceeding Pantoro’s expectation, demonstrating the outstanding quality of the project.”


Email: admin@pantoro.com.au

Web: www.pantoro.com.au


Corazon Mining Doubles Down on Lynn Lake Drill Results

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) released further assay results from the latest phase of drilling to be completed at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining has now taken receipt of assay results for all priority samples from the drilling program completed in December 2019 that has revealed multiple zones of broad, near-surface high-grade mineralisation in areas surrounding previously mined deposits within the Lynn Lake Mining Centre.

The company believes these results have greatly enhanced the potential to expand the project’s already substantial existing resource base.

Drilling targeted two historical deposits – the A Orebody and E Orebody – with seven holes of diamond core drilling completed.

Both the A Orebody and E Orebody areas have potential extensions to known mineralisation that have not been historically tested with drilling, which the company considers to provide resource expansion potential and, subsequently, will be the subject of ongoing targeted exploration and drilling.

There are multiple other areas within the Mining Centre, also yet to be drill tested, that may also have the potential for near surface mineralisation surrounding historical underground mining operations.

This latest phase of drilling tested near surface expressions of mined areas that operated continuously for 24 years at an average grade of 1.02 per cent nickel and 0.54 per cent copper.

Highlights included:

A Orebody

37.8 metres at 1.68 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt from 10m, including 22.6m at 2.3 per cent nickel, 0.82 per cent copper, 0.068 per cent cobalt from 24.4m; and

E Orebody

4.5m at 1.17 per cent nickel, 0.22 per cent copper, 0.029 per cent cobalt from 25m; and
4.1m at 2.09 per cent nickel, 0.57 per cent copper, 0.073 per cent cobalt from 26.9m.

“Historical mining at Lynn Lake focused largely on underground operations and the lack of near-surface exploration around the previously mined deposits has provided a substantial opportunity for Corazon to expand what is already a significant nickel sulphide resource base,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“Our targeted drilling was designed to identify haloes of disseminated mineralisation around the mined deposits, and the results have been highly successful with the exceptional grades returned significantly exceeding expectations.

“In addition, the results have validated our targeting processes and paves the way for our ongoing, targeted exploration and drilling at Lynn Lake.”


Email: info@corazon.com.au

Web: www.corazon.com.au


Red 5 Continues to Advance King of the Hill Final Feasibility Study

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) reported continued progress with the Final Feasibility Study (FFS) for the proposed stand-alone integrated bulk open pit and underground mining and processing operation at the company’s King of the Hills (KOTH) gold project in Western Australia.

Red 5 has had multiple work streams progressed with work on stream to meet the overall delivery schedule on track for completion in the September 2020 Quarter.

The underground component of the KOTH resource of 17.5 million tonnes at 2 grams per tonne gold for 1.11 million ounces of contained gold has previously been identified as a key underground mine extension opportunity for the project.

AS such, three diamond drill rigs are currently progressively exploring multiple extensional opportunities to the existing underground operations.

The company has been encouraged by interim and geological modelling that provide increasing confidence in a potential uplift to the existing Resource.

In-fill RC drilling of the western crest of the KOTH open pit has been completed with the aim of evaluating the potential for Resource extension and assist further pit optimisation works.

In-fill drilling at the prospective Cerebus-Eclipse and Centauri near-mine satellite deposits to the north-west of the KOTH open pit is continuing and remains on track for completion in January 2020.

Geotechnical core drilling and test pitting programs have been completed in the open pit and for key project infrastructure, such as the process plant and village accommodation.

Geotechnical, hydrogeological and metallurgical diamond drilling at the Cerebus-Eclipse, Centauri and Rainbow satellite deposits is scheduled to commence in late January 2020.

Field works have largely been completed for flora, fauna, archaeology and anthropology surveys.

“Geotechnical, resource extension and resource in-fill drilling programs are in full swing again following a short break for the festive season,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“We expect to receive further results from underground extensional drilling and ongoing assaying of previously un-assayed historical drill core from KOTH, which will be progressively incorporated into an updated KOTH geological model.

“Infrastructure design, metallurgical testwork design and permitting, approvals and stakeholder engagement programs are also moving forward well as planned.

“This is a very exciting time for Red 5, as we work towards the delivery of a Final Feasibility Study for a major new stand-alone gold project at King of the Hills later this year, laying the foundations for Red 5 to take its next major growth step as a leading Australian gold producer.”


Email: info@red5limited.com

Web: www.red5limited.com


PolarX Identifies Mineralised Alaskan Strike Potential

THE DRILL SERGEANT: PolarX Limited (ASX: PXX) has identified potential for approx. 600 metres of mineralised strike length at the Zackly East Skarn within the company’s Alaska Range project.

PolarX determined the potential via trenching, mapping and sampling and results from diamond drill holes undertaken in 2018 that intersected thick copper and gold mineralisation commencing from near surface at Zackly East, returning:

55 metres at 2.8 grams per tonne gold and 0.6 per cent copper; and

47m at 3.1g/t gold and 0.6 per cent copper.

These early diamond drill holes discovered the mineralised Zackly East Skarn in 2018, which dips gently to the north and is mineralised over much thicker zones than the previously known subvertical dipping Main Skarn.

The Zackly East Skarn host unit was originally limestone, but was emplaced by way of thrust faulting and now sits in the hanging wall above the thrust fault.

The Main Skarn of the Alaska Range project lies below the thrust fault in the footwall.

The Main Skarn and East Skarn lie within a structural corridor that runs from the Mars porphyry discovery through Zackly and to the northern edge of the Saturn porphyry target and contains many untested magnetic and structural targets that the company considers could have the potential to host multiple additional skarn deposits, as well as larger porphyry copper deposits.

“PolarX intends to pursue the porphyry targets at Mars and Saturn with funding to be provided via an earn‐in joint venture arrangement,” PolarX said in its ASX announcement.

“Discussions have commenced with multiple interested parties.

“The company will continue to fund its own resource expansion drilling at Zackly and Zackly East.”


Web: www.polarx.com.au


Blackstone Minerals Hits Big Numbers at King Cobra Discovery

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced impressive drilling intersections from the King Cobra discovery at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals’ King Cobra discovery is a new, near surface, high-grade zone of nickel sulphide bearing semi-massive sulphide veins (SMSV) at the Ta Khoa project.

The King Cobra discovery includes the first-ever intersection of massive sulphide vein and breccia styles of sulphide mineralisation within the Ban Phuc intrusion and may provide vectors towards the high grade ‘feeder zone’ mineralisation.

Blackstone’s latest drilling at the King Cobra discovery has intersected:

60 metres at 1.3 per cent nickel from 32m, including 13.9m at 2.25 per cent nickel from 49m from the King Cobra Zone, and 142m at 0.41 per cent nickel, including 11.9m at 1.09 per cent nickel from the underlying previously unnamed Ban Duoi Zone (BDZ).

Blackstone declared this to be, “the most significant downhole intersections seen to date at the Ta Khoa nickel project”.

The result has led the company to interpret its earlier intersection of…

45m at 1.2 per cent nickel from 56m

…as an earlier intersection of King Cobra mineralisation.

Blackstone said its drilling efforts have now intersected the King Cobra (KCZ) discovery zone over 200 metres of strike length, with the KCZ interpreted to be open along strike to the north west and south east and down dip to the north east.

Blackstone will continue its aggressive drilling program at Ban Phuc with four drill rigs testing the disseminated mineralisation (DSS), including two rigs on priority step-out drilling testing for potential expansions to the known Ban Phuc DSS orebody and the down dip feeder zone target at the King Cobra target zone.

“Blackstone is pleased to announce the King Cobra discovery hole as our most significant drillhole to date at the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“The King Cobra discovery continues to grow, as does our understanding of the geology of the Ban Phuc deposit.

“The King Cobra discovery is shaping up to be a high grade, near surface, large scale disseminated nickel-PGE zone that has potential to deliver a highly economic starter pit at Ta Khoa.”


Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au