Hammer Metals Delivers Maiden Mineral Resource Estimate for Orelia North Gold Deposit

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) delivered the initial Mineral Resource Estimate (MRE) for the Orelia North gold deposit, part of the company’s Yandal gold project in Western Australia.

The Orelia North deposit is located to the northeast of Leinster in the Yandal Greenstone Belt in WA in a good neighbourhood sitting approximately 9.5 kilometres to the north of the Orelia gold operation operated by Northern Star Resources (ASX: NST) and around 12.5km northwest of that company’s Bronzewing gold operations.

Hammer Metals released a JORC Code-compliant Inferred MRE for Orelia North of 1.48 million tonnes at 1.15 grams per tonne gold for 54,500 ounces of contained gold (0.5g/t Au cut-off).

The deposit extends from surface and remains open at depth, which the company consider displaying potential for Resource extensions.

“We’re pleased to report the initial Mineral Resource Estimate of over 54,000 ounces of contained gold for the Orelia North deposit, providing a solid foundation for Hammer’s ongoing exploration within the Yandal Greenstone Belt,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Orelia North was discovered by Hammer in 2020 as part of a reconnaissance aircore drilling program.

“The discovery highlights the potential of Hammer’s exploration ground in the Yandal region where shallow first pass exploration conducted in the late 1970s and 1980s has been shown, in some instances, to not have detected near surface gold mineralisation.

“The Yandal gold region has long been a significant contributor to Australia’s gold production, with numerous significant gold systems including Bronzewing (2.3Moz), Jundee (>10Moz) and Thunderbox (>8Moz).

“With the Orelia North deposit located less than 10 kilometres north of Northern Star’s operating gold mine at Orelia, the project is ideally situated for future development.

“Additional exploration potential will now be considered with a view to increasing the project’s contained gold inventory.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Charger Metals Defines New Bynoe Lithium Targets

THE DRILL SERGEANT: Charger Metals (ASX: CHR) will be busy soon having defined 11 new lithium targets for follow-up exploration work at the company’s Bynoe lithium project in the Northern territory.

Charger Metals defined the targets via modelling of combined geochemical and geophysical data.

The company’s 2023 entailed a large infill soil sampling program carried out over the eastern portion of its Bynoe tenure to define areas of anomalous lithium and/or associated elements at surface.

This coincided with Ambient Noise Tomography (ANT) and ground gravity surveys over a large area in the northeast of the tenement in an attempt by the company to ‘look below’ the surface and potentially define pegmatite targets that may not outcrop.

The results achieved by Charger confirmed at least two sets of pegmatites at Bynoe:

• High caesium: lithium pegmatites – the most fractionated of the two pegmatite types with a classic suite of LCT elements (i.e. lithium-caesium-tantalum); e.g. the 7-Up Prospect. The high Cs:Li ratio is potentially indicative of lithium micas; and

• High lithium: rubidium pegmatites – a fractionated pegmatite system typically low in “LCT” elements; e.g. the Enterprise Prospect. The high Li:Rb ratio is more suggestive of albite – spodumene pegmatites.

“It’s great to see the results of our systematic approach to exploration during the field season at Bynoe last year,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“Each data set contributes a significant piece of information that has culminated in eleven new target areas to investigate for lithium mineralisation.

“It is important to now ground truth these new anomalies to remove any false positives and to take further samples where possible.

“We can then use the growing database of information to prioritise targets for future drill testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dart Mining Drilling Confirms Key Rushworth Mineral System Model

THE DRILL SERGEANT: Dart Mining (ASX: DTM) recently completed a Phase 2 diamond drilling campaign within the company’s 100 per cent-owned Rushworth gold tenement package in Victoria.

Dart Mining reported the first results from the Phase 2 diamond drilling program undertaken at Star of the West and Henry Horne prospects, which it sad had confirmed the company’s Mineral Systems Model of the Rushworth Goldfield, with sulphide mineralisation presenting as a key identifier for potential high-grade structures.

The company highlighted results achieved in hole SWDD004 that intersected several zones of sulphide mineralisation surrounding large structures, returning:

An intersection of 0.24 metres at 8.8 grams per tonne gold, from 56.2m downhole from within a broad zone of sulphide mineralisation returning 7.1m at 0.75g/t gold from 50.8m.

A further intersection of 3.6m at 0.44g/t gold, from 161.8m encountered sulphide mineralisation including pyrite, cubic pyrrhotite and acicular arsenopyrite, including two higher grade sections of 0.2m at 2.87g/t gold and 0.3m at 1.45g/t gold.

“Receiving high-grade results from reef structures within zones of gold bearing sulphide mineralisation is a key step to refining our mineral systems model of the project,” Dart Mining chairman James Chirnside said in the company’s ASX announcement.

“Today’s results confirm our optimism surrounding the results from a potential stacked reef system at Growlers Hill and add a second prospective target zone within 500m at the Star of the West prospect.

“Importantly we are just getting started, with the Growlers Hill and Star of the West prospects being the first two targets drill tested, on a long list.

“Drilling remains ongoing, and we are very pleased at the penetration rates and overall rate of progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Brightstar Resources Continues High-Grade Laverton Gold Results

THE DRILL SERGEANT: Brightstar Resources (ASX: BTR) has kept the gold hits coming at the company’s Laverton gold project (LGP) in Western Australia.

Brightstar Resources reported assays from eight geotechnical diamond holes completed at the Cork Tree Well prospect.

Intercepts returned included:

CTWGT004
4 metres at 17.32 grams per tonne gold from 78m, including 1m at 40.15g/t gold from 78m, 0.59m at 37.4g/t gold from 81m and 0.41m at 11.62g/t gold from 81.59m.

“It is pleasing to see further high-grade assays continuing from geotechnical holes from the diamond drilling program that was completed at Cork Tree Well earlier this year,” Brightstar Resources managing director Alex Rovira said in the company’s ASX announcement.

“CTWGT004 returned a significant high-grade intersection…which complements the previously announced intersection of 27.6 metres at 17.77 grams per tonne (CTWMET003) drilled 200m to the north.

“The sixteen Geotechnical drillholes (CTWGT001 – CTWGT016) were drilled into the current optimized $2,750/oz pit shells generated in the 2023 Scoping Study with these holes designed by Brightstar’s independent geotechnical consultants targeting structural and rock mass data for the definitive feasibility study.

“Both CTWGT003 and CTWGT004 were drilled perpendicular to the orebody and thus reported intersections represent estimated true widths of significant mineralised intercepts.

“Given the quality of the assays received from the drilling to date, Brightstar is excited to build on the existing 303,000 ounces at 1.4g/t gold Mineral Resource, which is open both at depth with high-grade plunging shoots and along strike targeting the structurally-controlled mineralised trends.

“The high-grade results returned to date are significantly higher than the current 1.4g/t gold head grade of the Mineral Resource (and 1.85g/t mine grade from the 2023 Scoping Study), representing significant upside to both metrics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Confirms Larkinville Spodumene-Bearing Pegmatites

THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has confirmed the existence of spodumene-bearing pegmatites at the company’s Larkinville lithium project outside Kambalda in Western Australia.

Maximus Resources recently completed soil geochemistry sampling across the Larkinville project area to assist in defining the most prospective areas of the project.

This combined with high-resolution imagery and LIDAR drone survey with geochemical mapping, from which the company identified multiple high-priority areas for follow-up field evaluation.

Initial ground reconnaissance of these areas led to the identification of previously unknown spodumene-bearing pegmatites.

To verify mineral identification, Maximus submitted samples for laboratory assays and RAMAN spectroscopy.

The company explained RAMAN spectroscopy as being a proven mineral identification technique that employs laser light for non-destructive analysis to determine the chemical structure, composition and mineralogy compared to a spectral profile from a database of control samples of spodumene.

Initial assay results confirmed high lithium content of weathered pegmatites with observed coarse spodumene crystals up to 6cm in length, producing results including:

SMX00982
1.76 per cent lithium oxide (Li20);

SMX00956
1.48 per cent Li20;

SMX00981
1.46 per cent Li20;

SMX00957
1.32 per cent Li20; and

SMX00958
1.29 per cent Li20.

“The identification of spodumene-bearing pegmatites has significantly upgraded the prospectivity of the entire Larkinville project tenure,” Maximus Resources said in its ASX announcement.

“The Maximus team continues with further fieldwork, including geological mapping, infill soil sampling, and outcrop sampling at several priority targets throughout the project.”

Maximus revealed the company has been awarded an EIS Co-funded drilling grant of $102,000 to undertake a first-pass Reverse Circulation (RC) drilling campaign at Larkinville.

The program will include several traverses of RC drill holes to investigate the various pegmatites of the swarm in fresh rock.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Hits High-Grades at Golden Grange

THE DRILL SERGANT: Warriedar Resources (ASX: WA8) is making progress with reverse circulation (RC) and diamond drilling activities at the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources’ diamond drilling is the first undertaken at the 2.3km-long Ricciardo deposit, and the nearby M1 deposit, by any operator in ten years.

Assay results for the first diamond hole at M1were of higher grade than what the company expected to see, returning:

8.9 metres at 8.93 grams per tonne gold from 156m, including 2m at 23.83g/t gold from 158.3m.

Warriedar believes M1 offers high-grade extension potential, which is planned to be a focus of further drilling in H2 2024.

Diamond holes drilled beneath the Silverstone Central pit (Ricciardo), in an area with no historical drilling, returned:

7m at 2.59g/t gold from 229m, including 1m at 10.81g/t gold from 233.7m; and
4.6m at 1.2g/t gold from 235m.

“Ricciardo and M1 both sit in the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential,” the company explained in its ASX announcement.

Warriedar signalled diamond drilling is scheduled to be completed in mid-August, with all assays expected by mid-September and update of the 8.7 million tonnes at 1.7g/t gold for 476,000 ounces gold Ricciardo MRE targeted for Q4 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Flynn Gold Claims New Tasmanian Gold Discovery

THE DRILL SERGANT: Flynn Gold (ASX: FG1) has claimed a new gold discovery at the company’s 100 per cent-owned Golden Ridge project in Northeast Tasmania.

Flynn Gold announced the discovery of an extensive system of gold bearing quartz veins within historical workings located approximately 250m north of the historic Trafalgar Mine at Golden Ridge.

The discovery came via 17 out of 36 grab rock chip samples that assayed over 10 grams per tonne gold, including 99.4g/t gold, 76.6g/t gold and 67.1g/t gold.

Flynn Gold described the gold as being hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone.

The company completed initial trench channel sampling that produced high-grade mineralised intervals of:

11 metres at 2 grams per tonne gold, including 3.3m at 6.3g/t gold; and

16.5m at 1.3g/t gold, including 1.5m at 6.8g/t gold and 4m at 2.4g/t gold.

Flynn Gold declared the new vein zone discovery expands the gold mineralised footprint at the Trafalgar prospect.

The company now has diamond drilling underway to test gold mineralisation at depth below the trenching.

“The company is excited by the discovery of multiple high-grade gold veins approximately 250m north of the main Trafalgar gold deposit at Golden Ridge in Northeast Tasmania,” Flynn Gold managing director and CEO Neil Marston said in the company’s ASX announcement.

“These gold veins were exposed in trenching over an area of historical mine workings which appear unrecorded since they were dug about a century ago.

“The vein system potentially expands the footprint of gold mineralisation at Trafalgar to a 500m wide corridor which remains open in all directions, once again confirming the potential for significant scale at the Golden Ridge project.

“With so many high-grade gold assays recorded at the surface we have adjusted our ongoing diamond drilling program to test beneath these old workings and we look forward to reporting the results of this drilling shortly.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Commences Yandal Gold Drilling

THE DRILL SERGANT: Hammer Metals (ASX: HMX) has commenced drilling programs targeting two prospects within the company’s 100 per cent-owned Yandal gold project in Western Australia.

Hammer Metals is air-core drilling at the Sword prospect testing soil anomalism on the margin of the Overlord Thrust in an analogous position to the nearby Julius Gold Deposit, owned by Northern Star Resources (ASX: NST).

Hammer describes Sword as being characterised by significant gold-in-soil (>5ppb to 44ppb) anomaly which stretches over 400 metres.

Historic drilling at the prospect by previous explorers was widely spaced with the holes predominantly drilled vertically.

Aircore drilling at the Harrier prospect is testing an eastern limb of the Bronzewing Anticline approximately 4km south-east of the Bronzewing deposit.

Harrier has a coherent soil anomaly extending over a strike length of approx. 1.3km and a width of 250m, with a maximum soil result of 41ppb gold.

Historical work at Harrier has focused on soil and surface gold anomalism with previous drilling encountering bottom-of-hole gold anomalism.

“We’re pleased to return to grassroots exploration targets in one of Australia’s most prominent gold production and exploration regions,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The prospects at Sword and Harrier are located close to significant gold mines in the district and have been inadequately explored given the significant gold anomalism associated with both of these targets.

“Our pending gold resource at North Orelia, quality exploration targets and a recent peak in gold prices underpin the potential of our Yandal project and highlight the opportunity to create additional value within Hammer’s portfolio of projects.

“Ongoing field work at Hammer’s prospects and Joint Ventures in the Mount Isa region is ongoing with significant soil sampling programs in progress and preparations underway for various work programs within Hammer’s recently executed Joint Ventures with South32 and Sumitomo Metal Mining Oceania.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Records Further High-Grade TREO Drilling Result at Jupiter

THE DRILL SERGANT: Venture Minerals (ASX: VMS) announced further drilling results from the company’s Jupiter rare earth elements (REE) discovery in Western Australia.

Venture Minerals has been drilling targeting the northwest quarter of Jupiter, from where it claimed, “another record-breaking result” of:

BRAC281
57 metres ta 3,430ppm total rare earth oxides (TREO).

Venture Minerals said it is now well positioned to complete its maiden Mineral Resource Estimate, with drilling confirming broad zones of high-grade, REE mineralisation over the entire 40 square kilometres Jupiter system.

“With this batch of results we’ve now received assays from drilling over the entire Jupiter system and the potential they indicate for our upcoming Maiden Resource has heightened our anticipation,” Venture Minerals managing director Philippa Leggat said in the company’s ASX announcement.

“These results come at a time when we have secured 100 per cent ownership of the project and attracted high-quality, institutional investors to fund the company for the next 18 months.

“I look to working with stakeholders and shareholders as we focus on unlocking the full potential of the Jupiter discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Anticipates High-Grade Copper, Lead, and Silver from Gascoyne Project

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) returned home from an initial reconnaissance field trip to the company’s new Chain Pool project, in the Gascoyne region of Western Australia.

Miramar Resources was keen to announce it had achieved high-grade copper, lead and silver results from Joy Helen prospect from sampling completed during the reconnaissance field trip.

Samples collected by the company from around the Joy Helen prospect returned results including:

CP003
5.49 per cent copper, 42.0 per cent lead and 73.48 grams per tonne silver; and

CP002
5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

The Joy Helen occurrence is located approximately 275km northeast of Carnarvon in the Gascoyne region of Western Australia and contains historic workings and costeans over a strike length of approximately 400 metres.

There has been no modern and/or systematic exploration of this prospect apart from historic drilling completed in the 1960s that intersected lead and copper mineralisation, including 1.5m at 13.7 per cent lead and 1.6 per cent copper, however the locations of the drill holes were not recorded.

Miramar considers there to be potential for various commodities and deposit types within the company’s Gascoyne region projects despite them having been under-explored previously.

“For example, there has not been any modern and/or systematic exploration or drilling at the Joy Helen prospect despite the presence of high-grade base metal mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We look forward to getting this tenement granted and uncovering the potential of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE