Pan Asia Metals Rock Chips Encouraging Copper Results at Rosario

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THE DRILL SERGEANT: Pan Asia Metals (ASX: PAM) reported rock chip sample results from the company’s Rosario copper project in Chile.

Pan Asia Metals carried out a program of geochemical exploration at the Rosario copper project collecting a total of 316 samples, including 193 soil samples, 100 rock-chip samples and 23 stream sediment samples.

The company explained the objective of the rock chip sampling program was to verify, and follow-up work conducted by previous explorers, and develop a better understanding of mineralisation potential of the Rosario project more broadly.

Rock chip results of up to 8.9 per cent copper, with silver to 50ppm were achieved.

More than 50 per cent of the rock chips collected displayed copper values in excess of 0.1 per cent copper, with an average grade of 2.06 per cent copper and 12ppm silver.

In addition, 33 per cent of rock chips produced copper values in excess of 0.75 per cent copper, with an average grade of 3.15 per cent copper and 18ppm silver.

“With grades up to 8.9 per cent copper and 33/100 averaging 3.15 per cent copper with a 0.75 per cent copper cutoff, the rock chip results are compelling and support the work conducted by previous explorers,” Pan Asia Metals managing director Paul Lock said in the company’s ASX announcement.

“The program yielded many rock chip samples with elevated copper values inherently associated with observed green (malachite) and blue (chrysocolla) secondary copper minerals as well as local copper sulphides.

“The recently reported expansion of PAM’s holdings at Rosario, with an additional approx. 61 square kilometres in applications, positions PAM to capture extensions of the high grade trends at Rosario.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

New World Resources Completes Antler Deposit Reserve Upgrade Drilling Program

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THE DRILL SERGEANT: New World Resources (ASX: NWC) reported final assay results from recently drilled Reserve in-fill holes at the company’s Antler copper deposit in Arizona, USA.

New World Resources completed 10 Ore Reserve definition drill holes within the Antler deposit aiming to test portions of the deposit the company considers likely to be mined in the first 3-5 years of operations according to a Pre-Feasibility Study completed earlier this year.

The final hole from the Reserve definition drilling intersected exceptionally thick and high-grade mineralisation in the Main Shoot, with assay results including:

18.6 metres at 2.8 per cent copper, 9.4 per cent zinc, 0.9 per cent lead, 41 grams per tonne silver and 0.29g/t gold from 390m (18.6m at 5.9 per cent copper-Equiv.); and

2.4m at 0.69 per cent copper, 3.34 per cent zinc, 0.89 per cent lead, 23.5g/t silver, and 0.1g/t gold from 428.9 (2.4m at 1.9 per cent copper-Equiv.)

New World said the results had exceeded its expectations from the current Resource model and, as a result, both the tonnes and the grade of the corresponding part of the Mineral Resource are expected to be enhanced because of this drilling.

“Antler continues to consistently deliver high-grade mineralisation with recent in-fill drilling yielding one of the thickest and highest-grade intercepts seen to-date, being 18.6 metres at 5.9 per cent copper-equivalent,” New World Resources managing director Nick Woolrych said in the company’s ASX announcement.

“This spectacular hole is the culmination of a drilling program aimed at increasing Resource classification confidence in the first 3-5 years of the Antler mine life.

“Overall, the Reserve definition drilling program exceeded our expectations, which allows New World to proceed confidently to DFS and into development.

“We have started work on an updated Resource, which is expected to be finalised in Q1 2025, with the outcomes expected to include a sizeable component upgraded to Measured.

“In parallel, New World has commenced other key DFS workstreams, including metallurgical testing and detailed mine and infrastructure design.

“The State and Federal permitting processes are also proceeding well, and the company has received exceptional support from both the local and Federal governments, including recent site visits from Congressman Paul Gosar – the recently re-elected representative of Arizona’s 9th Congressional District and therefore, our representative in Washington.

“New World is firmly on track to rapidly advance one of the world’s highest-grade and most economically robust copper development projects into production in 2027!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Rox Resources Commences Major Youanmi Step Up Drill Program

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced a diamond and RC drilling program at the company’s Youanmi gold project in Western Australia.

Rox Resources is conducting the program targeting Resource conversion from the inferred into the higher confidence indicated category as well as increasing the current Minerals Resources Estimate.

Rox explained it has brought forward a Step up drill campaign into 2024 to streamline its Pathway to Production as it progresses a Definitive Feasibility Study that is currently on track for H2 2025.

The company anticipates receiving first assays from the program in February 2025, hopefully in time for the RIU Explorers Conference to be held in Fremantle.

“Rox is delighted to have commenced the major 2025 drilling program ahead of schedule as we further streamline the parallel workstreams to deliver the Youanmi DFS,” Rox Resources CEO Phillip Wilding said in the company’s ASX announcement.

“We’ll keep the drill bit spinning into the New Year to further test exciting targets identified in the highly successful 2024 program, of particular note are Katheleen/Youanmi North and Pollard.

“The high-grade targets under the Kathleen/Youanmi North pit are surrounded by underexplored ground where we see strong potential to add further early-access ounces to the mine plan.

“At Pollard we see real potential for repetitions of the Youanmi Main Lode, which has the potential to materially impact the mine plan.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Fenix Resources Provides Iron Ridge Mineral Resource Estimate Update

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THE DRILL SERGEANT: Fenix Resources (ASX: FEX) reported an updated JORC code-compliant Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Iron Ridge iron ore mine in Western Australia.

Fenix Resources has increased the Iron Ridge MRE by 8.5 million tonnes taking it to 13.4 million tonnes at 64.9 per cent iron.

This includes 4.3 million tonnes at 65.9 per cent iron in the Indicated category and 9 million tonnes at 64.4 per cent iron as Inferred.

The company said it had maintained high-grade and continuity of the Iron Ridge ore body with potential for further resource base expansion.

Fenix declared the updated MRE enhances the company’s geological confidence for the project and provides a basis for future exploration and updated mine planning and Ore Reserve Estimate updates.

“Maintaining our excellent high-grade iron ore production from Iron Ridge is a priority for Fenix,” Fenix Resources executive chairman John Welborn said in the company’s ASX announcement.

“The success of our recent exploration program has significantly improved our understanding of the deposit and the addition of more than eight million tonnes of high-grade iron ore to our mineral resource estimate provides a strong foundation for future growth.

“Fenix is committed to unlocking the full potential of the remarkable Iron Ridge ore body and we are confident in our ability to continue our strong mining and operational performance while respecting and preserving important heritage areas.

“We are on track for an exciting 2025 with an expected mine plan update for Iron Ridge, ongoing production from the Shine Iron Ore Mine, and the commencement of production from our third operating mine at Beebyn-W11.

“We continue to look for further opportunities to expand our operations to deliver long-term value for all our stakeholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Emmerson Resources Commences Resource Drilling at White Devil Gold Project

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has kicked off RC drilling at the company’s White Devil gold project at Tennant Creek in the Northern Territory.

Emmerson Resources is carrying out a 35 hole program that will include approximately 3,500m of RC drilling targeting a previously undrilled shallow eastern extension to known high-grade gold mineralisation that was mined from 1987 to 1999.

The company explained the target area was previously not accessible due to surface infrastructure that was removed during mine decommissioning.

Emmerson describes the White Devil gold project as a high-grade gold mine that remains open to the east and at depth.

The mine produced over 760,000 ounces of gold from 1.6 million tonnes of ore at a recovered grade of 14.6 grams per tonne gold, predominately from underground mining, prior to its closure in 1999, primarily as a result of low gold price of the time, with accessible mineralisation known to remain.

“It is anticipated that drilling at White Devil will be completed prior to Christmas and assay results are anticipated to be reported in early 2025,” Emmerson Resources said in its ASX announcement.

 

 

GreenTech Metals Set for Resource Expansion Drilling Planned at Whundo Copper Project

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THE DRILL SERGEANT: GreenTech Metals (ASX: GRE) is readying to commence a second stage drill program at the company’s Whundo copper-zinc project in the West Pilbara region of Western Australia.

GreenTech Metals hopes to commence drilling in the coming weeks of a program aiming to confirm potential for substantial Resource expansion at the Whundo cluster of VMS style copper-zinc deposits, following the first program completed in July 2024.

The drill program is planned to focus on the under-explored mineralised prospects at the project of Austin, Shelby, Yannery and Ayshia.

GreenTech anticipates DHEM surveys undertaken on these initial drill holes will result in highlighting of additional conductor targets which may also be tested as part of this planned program.

“Following hot on the heels of a successful first stage of drilling, this next campaign will get underway this year to further test potential extensions to the mineralised shoots comprising the Whundo VMS cluster,” GreenTech Metals executive director Tom Reddicliffe said in the company’s ASX announcement.

“In particular, we eagerly await the outcome of testing the exceptional Shelby conductor which eclipses other targets in the field with respect to its scale.

“This target is a clear standout and will be a priority to be drilled.

“Given the nature of VMS clusters, and the multiple opportunities for resource growth we believe a project with around 10-15Mt would make a significant difference to the economics of the Whundo Copper project and represents a potentially achievable target for exploration going forward.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Makes New High-Grade Antimony Discovery

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) declared a new antimony discovery from recent RC drilling undertaken at the company’s Golden Range project, located in the Murchison region of Western Australia.

Warriedar Resources has had some drilling wins this year along the ‘Golden Corridor’ located within the Golden Range project, within which is the Ricciardo deposit with a Mineral Resource Estimate (MRE) hosting 948,000 ounces gold.

Lifting its eyes from Ricciardo, Warriedar’ final RC drilling campaign for 2024 focussed on scout drilling at Azure Coast a group of historical pits located approximately 4 km south of Ricciardo and extending across a slightly longer strike length of approx. 2.6 km.

Drillhole AZRC003 was fast tracked to the lab after high antimony pXRF readings and visible stibnite were recorded.

Assays returned high-grade antimony including:

8 metres at 2.17 per cent antimony from 106m
2m at 1.92 per cent antimony from 122m.

“The discovery of high-grade antimony mineralisation approximately 4km south of Ricciardo substantially enhances the prospectivity of the broader ‘Golden Corridor’ for this critical metal, along with the entire shear of the broader Golden Range Project,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“This outcome also follows the highly encouraging initial antimony metallurgical testwork results for Ricciardo that we released last week.

“While we are excited about this emerging opportunity, I want to emphasise again that pursuit of this opportunity will be in parallel with our growth-focussed gold drilling at Golden Range, which remains our current core focus.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Canyon Confirms Outcropping Manganese at Wandanya

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THE DRILL SERGEANT: Black Canyon (ASX: BCA) recently completed detailed mapping and pXRF analysis of rock chip samples undertaken within the manganese corridors at the company’s Wandanya project in Western Australia.

Black Canyon cautioned market watchers that the results reported stemmed from visual estimates and pXRF readings and not laboratory analyses.

However, the company appeared confident the results demonstrate the scale potential of the manganese mineralisation discovered at Wandanya and potential for high-grade iron formations, which had not been previously drilled or mapped prior to Black Canyon prospecting the targets.

The portable XRF (pXRF) analysis identified multiple widespread rock chip samples with consistently similar grades to the RC drilling Black Canyon previously completed at W2, ranging between 30 and 50 per cent manganese.

Three kilometres overall strike of outcropping manganese mineralisation has now been confirmed, of which only 240 metres has been drill tested.

“Following the successful recent RC drill program, detailed mapping and rock chip sampling assay results continue to impress,” Black Canyon managing director Brendan Cummins said in the company’s ASX announcement.

“We are seeing strike extensive mineralisation along a 3km long corridor, which demonstrates the scale potential of this new and unique style of manganese mineralisation.

“Widespread outcrops and consistent high-grade manganese results from drilling and rock chip sampling are becoming a clear characteristic of the Wandanya discovery.

“In addition, we are eagerly awaiting the assay results from rock-chip sampling of the extensive hematite enriched iron formations also mapped in the area that look quite prospective.

“We look forward to returning with an RC rig in 2025 to further test these compelling targets along strike and down dip to determine their full-scale potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Confirms Chain Pool Project Sedex Mineralisation

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has outlined a 700m long anomaly displaying Sedimentary Exhalative (SEDEX) characteristics at the company’s Chain Pool project in the Gascoyne region of Western Australia.

Miramar Resources identified the anomaly via soil sampling at the Joy Helen prospect within the Chain Pool project.

The company declared the anomaly exhibits similarities to known Sedimentary Exhalative lead-zinc-silver deposits such as the high-grade Lady Loretta deposit in Queensland.

Miramar explained the Chain Pool project is located close to a major global-scale geological feature which is also known to host all large SEDEX base metal deposits in Australia.

“We originally pegged the Chain Pool Project due to the presence of mapped Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN rare earth deposits, but we quickly realised the potential for other deposit types,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Our initial rock chip sampling confirmed the historic high-grade mineralisation at Joy Helen and now, the results of our recent soil sampling have almost doubled the potential strike length of the prospect.

“Significantly, recent data collected at Chain Pool compares favourably with published data from known SEDEX deposits.

“We look forward to systematically progressing the opportunity at Chain Pool.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Anax Metals Confirms High-Grade Evelyn Intersections

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THE DRILL SERGEANT: Anax Metals (ASX: ANX) reported assay results for four diamond drill holes completed in August at the Evelyn project, part of the company’s Whim Creek project southwest of Port Hedland in Western Australia.

Anax Metals explained the purpose of the latest program was to test for down-plunge extensions and to increase drill density for resource conversion purposes.

The best intersection encountered was:

24AED002A
9.7 metres at 2.65 per cent coper equivalent (CuEq) from 180.3m, including 3.2m at 5.63 per cent CuEq from 186m.

The company drilled a further hole designed to intersect the high-grade shoot below previously announced drill hole JER074.

24AED001
13m at 2.56 per cent copper, 4.98 per cent zinc, 1.92 grams per tonne gold and 41g/t silver.

Anax declared Evelyn to remain open down plunge where the company is planning a Reverse Circulation (RC) drilling program for the coming quarter that it anticipates testing the potential plunge position at Evelyn as part of the campaign.

“Evelyn drilling continues to deliver high grade intersections, and we are excited to be expanding our exploration focus within the Evelyn region,” Anax Metals managing director Geoff Laing said in the company’s ASX announcement.

“The deposit remains open at depth which we will test in future along with current work focussing on targets with similar high-grade potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE