Dreadnought Resources Encounters Further Metzke’s Find High Grades

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the results from eight of 17 RC holes drilled at Metzke’s Find, part of the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources reported the eight RC holes had all intersected the mineralised lode at Metzke’s Find and included the best intercept the company has achieved to date with results including:

MZRC019
4 metres at 19.9 grams per tonne gold from 45m, including 2m at 39.2g/t gold from 45m;

MZRC021
4m at 10.5g/t gold from 108m, including 3m at 13.8g/t gold from 108m; and

MZRC022
4m at 10.5g/t gold from 19m, including 2m at 20.7g/t gold from 19m.

The second batch of nine holes has been delivered to the lab with the company expecting results mid-October 2020.

The drilling was undertaken to follow up previously encountered high-grade gold intercepts at Metzke’s Find.

“Metzke’s Find continues to deliver high-grade intercepts with MZRC019 returning an approximate 80 gram metre intercept (Au grade x thickness), the best to date,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“We have now confirmed high-grade intercepts from around 20 metres to approximately 120 metres in depth and along 280 metres of strike.

“There are a further nine holes at the lab which will add further intercepts at depth and to the south.

“This is an exciting step forward for Metzke’s Find and Illaara in general.

“We are looking forward to the results from these nine holes as well as our first holes at Longmore’s Find and Black Oak.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Musgrave Minerals Confirms Break of Day High Grades

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on infill drilling at the Break of Day deposit at the company’s Cue gold project in Western Australia.

Musgrave Minerals received assay results for 18 reverse circulation (RC) drill holes from a recent infill program at Break of Day, which has confirmed a number of near surface extensions to the gold mineralisation at Break of Day on the Twilight and Velvet gold lodes.

Musgrave conducted the drilling to identify shallow extensions to the existing gold lodes and improve the confidence in the geological model.

The majority of this drilling was within the limits of the existing Break of Day resource estimate, however some intervals of high-grade gold were intersected outside the current resource.

High grades were encountered near surface including:

20MORC110
3 metres at 40 grams per tonne gold from 83m; and
9m at 3.1g/t gold from 30m

20MORC099
3m at 20.8g/t gold from 79m;

20MORC088
3m at 9.2g/t gold from 44m

20MORC082
2m at 13.3g/t gold from 39m;

20MORC090
9m at 5.6g/t gold from 106m, including 2m at 16g/t gold from 110m; and

20MORC079
2m at 5g/t gold from 15m.

“These are encouraging results and confirm the near surface gold potential on the Twilight and Velvet gold lodes,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The identification of high-grade results outside the existing Twilight and Velvet geological model increases the upside potential and the possibility of additional, previously unidentified lodes being discovered.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Hammer Metals Co-Funded Drilling Hits REE Mineralisation

THE DRILL SERGAENT: Hammer Metals (ASX: HMX) reported assays from drilling carried out under a Queensland State Government Collaborative Exploration Initiative (CEI) funded diamond drilling program at the Koppany Copper – Copper and Rare Earth Element (REE) prospect.

Hammer Metals reported the drilling intersected broad zones of visible REE mineralisation (allanite) and multiple zones of stringer and semi-massive sulphide mineralisation.

Downhole EM has been conducted and processing of this data is underway.

“The REE diamond drilling program at Koppany conducted with the support of the Queensland Government’s Critical Minerals CEI confirmed the presence of broad zones of REE mineralisation as well as an adjacent zone of copper mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s announcement to the Australian Securities Exchange.

“These results are currently being compiled and reviewed to determine the next steps at this interesting prospect.

“The gold exploration review highlights the latent opportunity that exists within Hammer’s Mount Isa portfolio.

“With much of the region’s historic exploration focussing on base metal deposits, we have an opportunity to review these areas through a different lens and add quality exploration targets to the portfolio.

“The tenure that we have near the former Tick Hill mine has not been systematically explored and presents a unique opportunity for Hammer to continue progressing our efforts in advancing grass roots exploration concepts within the Mount Isa region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Black Cat Syndicate Encounters High-Grade Gold at Majestic and Fingals Fortune

THE DRILL SERGAENT: Black Cat Syndicate (ASX: BC8) is continuing a good run with RC drilling being carried out at Majestic and Fingals Fortune, both part of the company’s Fingals gold project in Western Australia.

Black Cat Syndicate has now completed the first 16 holes for approx. 3,482 metres at Imperial/Majestic, targeting extensions to the Imperial/Majestic deposits.

The company has been encouraged by results achieved from the first three 3 holes hitting multiple gold zones in each hole with a number of high-grade intersections including:

20IMRC002
6 metres at 7.01 grams per tonne gold from 167m;

20IMRC002
4m at 9.11g/t gold from 178m;

20IMRC002
2m at 15.4g/t gold from 184m; and

20IMRC003
6m at 6.59g/t gold from 53m.

Results from a further 31 holes at Fingals Fortune have also been received from drilling targeting shallow extensions to the historically mined open pit.

The drilling program extended mineralisation, which remains open in all directions.

Results include:

20FIRC028
3m at 8.55g/t gold from 25m;

20FIRC033
1m at 23.2g/t gold from 33m;

20FIRC046
1m at 25g/t gold from 88m; and

20FIRC048
2m at 7.17g/t gold from 55m.

Black Cat Syndicate signalled a JORC Mineral Resource update for Fingals Fortune is expected to be completed in October 2020.

Other Resources will be updated on an ongoing basis.

“Thick high-grade results from our initial drilling at both Imperial and Majestic have been pleasing. RC drilling is ongoing in this area as part of our planned plus-60,000 metres drilling program,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The results at Fingals Fortune were also encouraging, intersecting new lodes to the south, and will form part of an updated Resource release in October 2020.

“Resources at Myhree, Boundary and Trump will also be updated in October 2020.

“We are also pleased to advise that various studies are planned to be released in October 2020 (subject to timing of independent reviews) including: the Myhree Stage 1 and 2 open pit prefeasibility study and scoping studies for Myhree underground, Trump and Boundary open pits; Imperial/Majestic underground and the Fingals Fortune open pit.

“Furthermore, a milling facility scoping study prepared by Como Engineers Pty Ltd will also be released with the above studies.

“This is all part of the drive to achieve our targets of one million ounces of Resource and a wholly owned milling facility with at least three years feed ahead of it.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

Great Southern Mining Intersects Cox’s Find Gold Mineralisation

THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported gold intersections from Phase 2 RC drilling at the company’s 100 per cent-owned Cox’s Find project, in the Laverton Gold District of Western Australia.

Great Southern Mining explained this latest phase of drilling had focused on two key along-strike targets to the north of the Cox’s Find deposit, known as Targets 2 and 3.

Highlights included the intersection of gold mineralisation in first-pass RC drilling at two key along-strike targets located 400m (Target 2) and 1km (Target 3) north of Cox’s Find.

Best results include:

8 metres at 1.1 grams per tonne gold from 91m, including 2m at 3.2g/t gold;
6m at 1g/t gold from 114m, including 2m at 1.7g/t gold; and
13m at 0.7g/t gold from 34m, including 1m at 1.7g/t gold.

The newly identified mineralised zones appear open along strike and at depth with the recent results demonstrating structural prospectivity of the northern corridor.

Targets 2 and 3 represent only the first two of several along-strike targets the company has earmarked for drilling, which includes multiple areas further to the north of Target 3.

High-priority follow-up drilling of Targets 2 and 3, plus these other key structural targets is currently in the planning stage.

“These results represent a significant success for GSN,” Great Southern Mining chief executive officer Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“They demonstrate that gold mineralisation is not constrained to the Cox’s Find deposit and is evidenced for at least a further one kilometre along strike.

“They also show that historical RAB drilling in these northern areas by previous owners stopped short of genuine target depth in multiple zones.

“In short, the results substantially increase the overall prospectivity of the target corridor to the north of Cox’s Find.

“It is also important to note that Targets 2 and 3 are only the first two of several high-priority regional targets set to be drilled.

“GSN intends to aggressively follow-up this success, and the other high-priority structural target zones, with an intensive drilling program in the short term.

“Finally, the Cox’s Find project area is likely to again increase.

“GSN has an additional approximate 50 square kilometres under application, immediately adjacent to Cox’s Find.

“This ground is highly prospective with known mineralised corridors that host nearby million-ounce deposits interpreted to strike right through it.

“This application follows the granting earlier this month of E38/3476, which lies immediately to the north of the successful drilling at Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gsml.com.au

 

Web: www.gsml.com.au

 

RareX Identifies nickel-copper-PGE Targets

THE DRILL SERGEANT: RareX Limited (ASX: REE) informed of the identification of numerous nickel-copper-PGE targets on the company’s 100 per cent-owned Byro East project, located in the Western Gneiss Terrane north-west of Geraldton in Western Australia.

RareX pegged Byro East in February this year for rare earths exploration, after which it carried out a geological review subsequent to the Julimar discovery of Chalice Gold Mines (ASX: CHN).

The review highlighted the presence of ultramafic intrusions within the Narryer Gneiss Complex.

RareX completed a further review of publicly available data that showed its new landholding contains extensions of the Milly Milly Intrusion and multiple other ultramafic intrusions contained within the Byro East ultramafic corridor and the Brockman ultramafic corridor.

The company is of the opinion that the geological setting of the Milly Milly Intrusions is analogous to the Gonneville Intrusion that hosts the Chalice discovery.

“RareX has now begun collating all previous exploration data and reprocessing historical geophysical data ahead of the ground being granted in the coming months, with ground-based exploration expected to follow on from Cummins Range and Weld North later this year,” the company said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Kairos Minerals Identifies Kangan Project Gold Targets

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) timed its announcement of four new gold targets identified at the company’s 100 per cent-owned Kangan project in Western Australia with executive chairman Terry Topping’s presentation to the RIU Resurgence Conference.

The Kangan project is located 90km south of Port Hedland and 20km south-east of the new Hemi gold discovery of De Grey Mining (ASX: DEG).

Kairos Minerals identified the targets by way of results from a recently completed geochemical sampling program, together with interpretation of data from a recent aeromagnetic survey.

The new targets include a large gold target that sits in a favourable geological position for potential intrusive-hosted gold discoveries.

In light of the new discoveries, Kairos has decided to prioritise an initial aircore drilling program to test the targets next quarter.

Target 1 is defined by a major north-south structural zone which is coincident to a 3km long geochemical anomaly.

Target 2 is a gold-in-soil anomaly coincident with some magnetic features. Sulphur and Strontium are also elevated within this target area.

Target 3 is defined by a 3.5km long geochemical anomaly coincident with magnetic features and lithological boundaries.

Target 4 is a low-level gold anomaly coincident with a magnetic feature.

“Our systematic approach to exploration across the Pilbara Gold Project is continuing to generate results across a number of fronts,” Kairos Minerals executive chairman Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“Results have been received from the recent Ultrafine soil geochemistry program at Kangan and together with newly interpreted aeromagnetic data, have generated four gold targets.

“The largest of these is a coincident geochemical and geophysical feature that sits on the margin of an intrusion in a geologically favourable position just 20 kilometres from De Grey Mining’s exciting Hemi discovery.

“We plan to commence heritage surveys with a view to testing these new targets as soon as possible, clearing the way for initial aircore drilling in October/November this year.”

Elsewhere Kairos has completed a ground-based geophysical program for the Fuego prospect, part of the company’s Croydon project, located 120km south of Port Hedland.

The survey also covered the Iron Stirrup and Old Faithful prospects at the Mt York project.

Approximately 190 line kilometres of survey has been completed to date and data processing and interpretation is now underway.

The survey is currently in progress over the Tierra prospect at the Croydon project, with 70 line kilometres planned to cover over 5km strike of the geochemical anomaly.

“RC drilling is continuing at the Fuego prospect with eight holes completed to date,” Topping said.

“We are encouraged by the initial indications from this drilling, with broad zones of sulphides intersected in conglomerates, sandstones and black shale.

“Assays are awaited and drilling is progressing to allow us to complete the initial program at Fuego.

“Drill pad preparation at the Mt York Project has now been completed and the rig will relocate from Fuego to Mt York as soon as the current program is completed, to drill extensions of the Mt York, Iron Stirrup and Old Faithful deposits.

“In total, we expect to drill approximately 5,000 metres across the two project areas.”

 

TO WATCH THE RESOURCES ROADHOUSE INTERVIEW TERRY TOPPING AT THE RIU RESURGENCE CONFERENCE:

CLICK HERE

 

Web: www.kairosminerals.com.au

 

Prodigy Gold Completes Northern Territory Drilling Campaign

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) has just completed a drilling campaign on the company’s 100 per cent-owned gold portfolio in the North Arunta and Tanami regions of the Northern Territory.

Prodigy Gold drilled 195 aircore holes that were designed to test seven targets across three prospects – the Tulsa target in the North Arunta project, and the Bonanza West and Blue Hart prospects within the Tanami.

The company explained its drilling of these high priority targets forms part of a broader exploration strategy aimed at systematically exploring the company’s project portfolio to screen for new large-scale gold deposits in the Northern Territory.

“We are pleased to have completed this drilling program across several highly prospective targets within the North Arunta and Tanami regions and we look forward to reporting our findings from this program soon,” Prodigy Gold managing director Matt Briggs said in the company’s announcement to the Australian Securities Exchange.

“Data from this initial campaign will be used to define a series of targets for follow-up RC drilling later this year.

“We are drilling targets located in a highly prospective gold region which hosts several multi-kilometre structural targets, so the potential for discovery is very clear.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@prodigygold.com.au

 

Web: www.prodigygold.com.au

 

Genesis Minerals Confirms Admiral Mineralisation Continuity

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) has been encouraged by initial results from a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Ulysses gold project in Western Australia.

Genesis Minerals carried out drilling on the Admiral deposit, which was part of the recent acquisition of the Kookynie tenements the company announced in June 2020.

Admiral is one of a number of deposits that will be systematically drilled out over the coming months within the Ulysses project.

Genesis said the drilling confirmed shallow and continuous mineralisation, from results including:

20USRC444
7 metres at 1.8 grams per tonne gold from 23m;

20USRC450
7m at 2.12g/t gold from 46m;

20USRC454
10m at 3.6g/t gold from 25m; and

20USRC455
3m at 5.45g/t Au from 35m.

Genesis has now completed approximately 95 holes of Resource confirmation drilling at the Admiral, Clark and Butterfly deposits, which have a combined Mineral Resource of 4.6 million tonnes at 1.7g/t gold for 246,000 ounces.

“Our maiden drilling program across the newly-acquired Kookynie tenements is off to a great start,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“The initial phase of RC drilling has validated the historic drilling data on which the current Admiral resource is based – which is a huge tick for the project, confirming the presence of consistent and continuous gold mineralisation within the Mineral Resource envelope.

“Importantly, the currently defined Mineral Resource at Admiral is open down-dip on the Admiral shear and along the north-dipping shear running along the northern limit of the current Admiral deposit.

“We believe there is significant potential to grow the Resource and, with resource confirmation drilling already nearly completed, the next phase of drilling will focus on this exciting potential over the next couple of months.

“Drilling is progressing smoothly, which is a real credit to the exploration team in the field, with well over 120 holes completed over the past two months.

“With so many samples going into the laboratory, the only brake on news-flow will be assaying of samples and processing of results.
“That said, we expect to receive a steady stream of results from both in-fill and extensional drilling across the deposits which should ensure regular news-flow through to the end of the year.

“Drilling is continuing at Ulysses with two RC rigs and a diamond rig operating and an air-core rig scheduled to commence drilling this week.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.genesisminerals.com.au

 

Alicanto Minerals Drilling at Greater Falun in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has kicked off a 4,000m diamond drilling program at the company’s Greater Falun copper-gold project in the Bergslagen region of Sweden.

Alicanto Minerals will be drilling to test new targets and seek to establish extensions to known mineralisation located in the vicinity of major copper gold systems.

The company explained the drilling will be the first thorough modern exploration campaign undertaken at Greater Falun as well as being the first drilling since Alicanto made a major breakthrough by establishing that the dominant mineralisation is copper-gold skarn, not a Volcanogenic Massive Sulphide (VMS) system as long believed.

Alicanto aims to establish a mineral inventory capable of supporting a central processing hub.

The diamond drilling program has commenced at the Green Mile targets, after drilling of which Alicanto expects to move the drill rig onto the next set of targets.

Alicanto is currently interpreting historic airborne electro-magnetic surveys and undertaking new ground electro-magnetic surveys, from across a large portion of the company’s tenements, to assist in further refining the search for conductors within the tenements.

“The extent of known mineralisation and the high quality of our targets mean this is a potentially company-making drilling program,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“We have mapped more than 2,000 outcrops and historical surface workings which have resulted in us discovering seven copper-gold skarns at surface.

“When we overlay this information onto the large volume of historical and recent geophysical survey data, an impressive picture of the Greater Falun project is forming that has not been seen before now.

“This is the largest program ever undertaken within the Greater Falun project and will see us test the multiple EM signatures, IP Anomalies and copper-gold and polymetallic skarn targets we have discovered.

“We have started the drilling program with the untested EM conductors at Green Mile along strike from the historic, high-grade copper-gold Falun Mine, which produced 28 million tonnes at 4 per cent copper, 4 grams per tonne gold, 5 per cent zinc, 2 per cent lead and 35 grams per tonne silver up until 1992.

“The conductors are coincident with footwall alteration and high-grade rock chip results mapped on surface.”

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au