Black Cat Syndicate Scores Big Gold Hit at Fingals Mining Centre

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) announced enviable RC drilling results from Fingals Fortune, part of the Fingals Mining Centre, within the company’s Kal East gold project in Western Australia.

Black Cat Syndicate received assays from a further 25 holes of the 96-hole infill program that was designed to upgrade the Resource in areas of lower drill density.

Results have already demonstrated areas of high grades along the (down dip) western side of the planned Stage 1 open pit, in both potential open pit and underground positions.

The most recent results include:

21FIRC042
6 metres at 75.57 grams per tonne gold from 49m, including 3m at 142g/t gold from 50m;

21FIRC053
2m at 19.96g/t gold from 106m;

21FIRC035
3m at 8.97g/t gold from 111m;

21FIRC062
5m at 4.69g/t gold from 33m; and

21FIRC033
7m at 2.23g/t gold from 86m.

Black Cat Syndicate indicated all results will be incorporated into a Resource upgrade to be released in April 2021.

The main Fingals Fortune deposit remains open in all directions and at depth.

“The Fingals Mining Centre has the potential to contain a significant two stage open pit with an underground mine at depth plus additional nearby satellite pits,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Accordingly, it is expected that this area will be a substantial oxide feed source for our future operations.

“The Fingals Fortune deposit hosts pockets of much higher-grade material that should provide upside on mining.

“Some of the best intercepts at Fingals Fortune are in the deepest parts of the Resource which support underground mining at the conclusion of surface mining.

“Our recent milling facility acquisition and progress on sourcing the other key components of a processing facility, position Black Cat as a near-term producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

AVZ Minerals Drills Lithium From Roche Dure Pit Floor

THE DRILL SERGEANT: AVZ Minerals Limited (ASX: AVZ) declared further high-grade lithium and tin mineralisation results from drilling undertaken at the company’s Manono lithium and tin project in the Democratic Republic of Congo.

AVZ Minerals scored the results during Mineral Resource drilling of the Manono project from the last three of nine planned diamond drill holes at Roche Dure in previously undrilled areas beneath the historical pit which were previously inaccessible and under water during the earlier resource drilling programs.

All three holes were collared in fresh or slightly weathered pegmatite from the top of the hole, returning intersection of:

180 metres at 1.8 per cent lithium (Li2O) and 1,119ppm tin;
245.15m at 1.73 per cent Li2O and 926ppm tin; and
218.6m at 1.69 per cent Li2O and 1,152ppm Sn.

Having now completed this pit floor drilling program at Roche Dure, and having received all outstanding assays, AVZ indicated a new resource estimate is now underway to update the previous May 2019 Mineral Resources.

“The final assay results from these last three of the nine planned drillholes on the Roche Dure pit floor again show strong lithium mineralisation from the pit floor surface,” AVZ Minerals managing director Nigel Ferguson said in the company’s ASX announcement.

“Additionally, drilling also reported higher grade portions developing within the northern portions of the orebody, and that these may even coalesce both up dip and along strike.

“This may present as the start of a much higher-grade core which will need further investigation to determine the possibility of finding more significant tonnages of high-grade feedstock, apart from those at Carriere de L’Este, that could feed the plant in its early years of operation to shorten the pay-back period.”

“Now these assays have been reported they will be merged with our current database and we will re-run the geological resource model to reclassify that portion of the pit floor which was previously modelled as waste due to the lack of drilling information.

“Following on from the geology remodelling and coupled with the improvements to the plant design parameters, we will then check the previous mine design against the updated model to optimise the mine design, generate new ore reserves and revisit the DFS results.”

 

 

 

Email: admin@avzminerals.com.au

 

Web: www.avzminerals.com.au

 

Miramar Resources Extends Runway deposit at Gidji

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of some interesting drilling results achieved at the company’s 80 per cent owned Gidji Joint Venture project north of Kalgoorlie, Western Australia.

Miramar Resources recently carried out diamond drilling at 8-Mile target, which it claims has confirmed the presence of the Runway Porphyry 60 metres north of the nearest diamond hole while intersecting visible gold in a quartz vein within the hanging wall sediments.

Drill holes GJDD001 and GJDD002 both intersected an intrusive unit which the company has interpreted to represent an extension of the unit that hosts the 314,000 ounces Runway deposit, located immediately south of the Gidji project boundary.

Both holes also intersected numerous quartz/sulphide veins in the hanging wall sandstone unit with several specks of visible gold observed in hole GJDD002 at 124.7m downhole.

Miramar Resources executive chairman Allan Kelly said the first two holes intersected the same geological sequence seen at Runway, to the south.

“Importantly, both holes intersected the Runway porphyry at a shallower depth to that seen to the south, lending weight to the idea of a southerly plunge,” Kelly said in the company’s ASX announcement.

“The fact that we are seeing visible gold and widespread alteration and sulphide mineralisation in our first two diamond holes has us very excited about the potential of this target.”

Miramar’s phase 2 aircore drilling program is progressing, with over 50 per cent of holes completed to date.

Results from EOH samples for phase 1 have recently been received and have upgraded the newly named Piccadilly target, which has a strike length of approximately 850m and remains open along strike.

The company is currently infilling the first phase aircore drilling over this target.

“We look forward to completing these two drill programs and reporting results from both the diamond and aircore drilling across the various targets,” Kelly said.

“We still have about 50 per cent of the project tenements yet to be granted, and these areas hold additional highly prospective targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

 

Firefly Resources Drilling Enhances Melville Gold Deposit

THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported initial assay results from a recent grade control drilling program undertaken within the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources completed the drilling on the Melville gold deposit where it had recently announced a JORC 2012-compliant Indicated and Inferred Mineral Resource Estimate of 196,000 ounces, from which it immediately launched into a close-spaced grade control program to follow up on the broad, shallow mineralisation observed in the deeper resource-focused drilling.

Assay results include:

FMGC0340
8 metres at 3.39 grams per tonne gold from surface, including 2m at 8.79g/t gold;

FMGC0342
7m at 3.08g/t gold from surface including 3m at 7.24g/t gold; and

FMGC0341
8m at 1.48g/t gold from surface including 3m at 2.75g/t gold.

Firefly said the assays it has had returned so far have confirmed the presence of an extensive blanket of shallow gold mineralisation extending over 100s of metres both along and across strike above the primary Mineral Resource.

“The assays received so far from the Grade Control drilling further reinforce the strength, quality and tenor of the shallow gold mineralisation at the cornerstone Melville deposit, which sits within the shadow of several regional processing plants,” Firefly Resources managing director Simon Lawson said in the company’s ASX announcement.

“Shallow, high-grade gold mineralisation has been delineated over 100s of metres both along- and across strike and from surface in many of our drill-holes, really driving home the opportunity not just at Melville but potentially across our other target areas across the extensive Yalgoo gold project.

“In many gold deposits, the shallow material overlying the primary Mineral Resource is considered to be waste and is removed returning little economic value.

“In the case of Melville, virtually the entire blanket of shallow material is mineralised, in some cases with some impressively high-grade zones – albeit interspersed with lower grade areas.

“It’s also important to note that drilling deliberately tested the margins of the resource to help close off the mineralisation in these areas for the purposes of future open pit mine designs.

“We are focused on delivering value from all the key targets within the Yalgoo project and we started that journey with the recent release of a maiden JORC-2012-compliant MRE for Melville, where 80 per cent of that resource was classified as higher confidence Indicated ounces.

“These Grade Control results build on that resource by focusing on near-surface ounces that would likely be mined first in any open-pit mining scenario.

“We will provide an independently reviewed JORC 2012-compliant MRE for those shallow ounces once we get all of the assays back and collate the results.”

 

 

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au

 

 

Genesis Minerals Drills New Gold Zones

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported new results from ongoing resource extension, in-fill and exploration drilling underway at the company’s Ulysses gold project in Western Australia.

The latest results include assays from the recently identified Puzzle North prospect and the Orient Well deposit.

Puzzle North results include:

21USRC852
16 metres at 1.61 grams per tonne gold from 101m to end of hole;

21USRC853
106m at 0.71g/t gold from 10m, including 16m at 1.54g/t gold from 37m;

21USRC855
41m at 1.2g/t gold from 38m, including 10m at 2.77g/t gold from 62m; and

21USRC855
14m at 2.44g/t gold from 106m to end of hole.

Drilling at Orient Well returned:

21USRC836
37m at 1.07g/t gold from 60m, including 8m at 2.02g/t gold from 70m;

21USRC838
21m at 0.81g/t gold from 121m, including 7m at 1.34g/t gold from 135m;

21USRC839
5m at 2.97g/t gold from 40m; and

21USRC839
1m at 67.8g/t gold from 67m.

Genesis Minerals said the results had continued to highlight the upside potential across the Ulysses project, including the potential to expand existing Resources (including all deposits within the recently acquired Kookynie group of tenements) and make new discoveries.

“The fact that we are continuing to generate exciting results on multiple fronts is testament to the enormous upside at Ulysses,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“Recent drilling has identified an exciting new area at Puzzle North, where our initial shallow drilling has already defined a significant zone of shallow mineralisation that already looks like it has the makings of a new deposit.

“We have also firmed up a significant exploration target along the Puzzle granite greenstone contact which could well yield further discoveries.

“The 189,000 ounces Orient Well deposit is also continuing to grow, with successful in-fill and extensional drilling delivering some exciting results.

“Drilling will continue to systematically unlock the broader potential at Ulysses over the coming months, laying the foundations for a further resource upgrade later this year.

“Our development studies are continuing with the Feasibility Study due this quarter.”

 

 

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

 

Matsa Resources Confirms Devon Resource at Lake Carey

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) released a Mineral Resource Estimate for the company’s Lake Carey gold project in Western Australia.

Matsa Resources has confirmed the Initial Devon Mineral Resource Estimate of 80,000 ounces at 4.1 grams per tonne gold, comprising the Devon pit and Olympic prospects.

Although the resource includes only the Devon Pit and the Olympic prospects, the company declared potential exists for expansion as further exploration is conducted across at the Devon project area.

In addition to known structural offsets, the soil sampling conducted by Matsa over the past 6 months has highlighted a number of gold in soil anomalies that are yet to be drill tested.

“The shallow high-grade nature of mineralisation at Devon pit, in particular, lends itself to a potential cutback mining scenario with minimal pre strip requirements, early access to ore and mining studies have commenced,” Matsa Resources said in its ASX announcement.

“The grade and mineralisation are expected to be amenable to both open pit and underground mining methods and may provide a logical add-on to the established mining plan at Fortitude Stage 2.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

 

Web: www.matsa.com.au

 

Musgrave Minerals Extends Big Sky Gold Anomaly

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further assay results from regional aircore drilling at the Big Sky prospect within the company’s Cue gold project in Western Australia’s Murchison district.

The Big Sky prospect sits along a newly defined gold corridor south-west of the Lena on Musgrave’s 100% owned ground at Cue.

Recent aircore drilling has now linked Targets 5 and 20 to define a continuous regolith gold anomaly with a strike extent over 1.2 kilometres that has been named Big Sky.

The gold mineralisation remains open to the north and south and down dip.

New intersections include:

21MUAC049
30 metres at 5.8 grams per tonne gold from 30m, including 6m at 27.7g/t gold from 30m; and

21MUAC041
12m at 4.1g/t gold from 42m.

“The aircore drilling is continuing to define strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena under thin transported cover,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The high-grade, strong continuity and near surface nature of the mineralisation is extremely encouraging.

“The regolith gold dispersion is over a broad area with RC follow-up drilling, testing basement targets scheduled to commence next week.

“We currently have three exploration drill rigs on site and a significant drilling program planned for the remainder of 2021.

“RC drilling is also continuing at White Heat.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

New World Resources Hits Best Antler Intersection

THE DRILL SERGEANT: New World Resources (ASX: NWC) reported high-grade assay results from four recently completed drill-holes at the company’s Antler copper project in Arizona, USA.

Results include those from one of the deepest holes New World has drilled to date in the Main Shoot, delivering one of the best intersections returned from the project to date.

ANTDD202144
25.4 metres at 3.13 per cent copper, 8.91 per cent zinc, 0.27 per cent lead, 19.6 grams per tonne silver and 0.26g/t gold from 559.2m (25.4m at 5.2 per cent copper equivalent).

“ANTDD202144 is one of the best holes we have drilled to date at Antler in value terms,” New World Resources managing director Mike Haynes said in the company’s ASX announcement.

“Importantly, it’s also one of the deepest holes we have drilled – and continues to demonstrate improving grade and particularly thickness of the mineralisation as we drill deeper below the historic workings.

“We are also continuing to discover additional thick, high-grade mineralisation with exploratory drilling along strike from the Main Shoot, which continues to expand and add confidence to the resource base.

“With drilling consistently delivering substantial thicknesses of very high-grade mineralisation at Antler, the project is continuing to emerge as one of the highest-grade undeveloped copper deposits globally and a very real near-term development proposition.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@newworldres.com

 

Web: www.newworldres.com

 

 

Azure Minerals Confirms VC-23 Discovery

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported results from drilling recently carried out at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals informed the market the drilling had confirmed that sulphide mineralisation it had observed in diamond drilling at the VC-23 target at Andover returned meaningful nickel and copper assays, intersecting massive, semi-massive and matrix nickel-copper sulphides in multiple holes, including:

ANDD0009
5.8m at 1.12 per cent nickel and 0.71 per cent copper from 69.6m;

ANDD0011
4m at 1.69 per cent nickel and 0.21 per cent copper from 32.7m, including: 1.3m at 3.51 per cent nickel and 0.21 per cent copper from 32.7m;

ANDD0012
7m at 1.35 per cent nickel and 0.45 per cent copper from 95m, including: 2.7m at 2.29 per cent nickel and 0.48 per cent copper from 96m;

ANDD0013
4.4m at 1.17 per cent nickel and 0.61 per cent copper from 84.6m;

ANDD0016
4m at 1.02 per cent nickel and 0.49 per cent copper from 92.3m; and

ANDD0017
0.6m at 1.30 per cent nickel and 0.37 per cent copper from 85.1m.

The VC-23 target is the second of ten targets to be drill tested as part of Azure’s ongoing nickel exploration program at Andover.

The targets were identified by way of high priority surface fixed-loop electromagnetic (FLTEM) and DHTEM surveys. And included the VC-07 discovery target.

“We’ve started 2021 at Andover with strong momentum on several fronts,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Drilling continues to expand the substantial body of nickel-copper sulphide mineralisation at VC-07, while our first reconnaissance drilling on another high priority target has resulted in a new discovery of significant nickel and copper sulphides at VC-23.

“Furthermore, the company’s ongoing geophysical exploration continues to identify more prospective targets for drilling, demonstrating the highly prospective character of the entire Andover project.

“The new VC-23 discovery is wide-open for further expansion with the mineralisation remaining open in all directions.

“The downhole electromagnetic (DHTEM) surveying identified multiple off-hole EM conductors that will be a major focus for the next round of drilling.

“With the sulphide mineralisation being remobilised from a primary source, we believe that VC-23 could potentially host a mineralised system similar to that at VC-07.”

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Auteco Minerals Hits New Gold Mineralisation on Road to Resource Upgrade

THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) continued its march towards growing the one million ounces Inferred Resource at the company’s Pickle Crow gold project in Canada.

Auteco Minerals reported further strong drilling results from the project, from which it has claimed discovery of more high-grade mineralisation.

Auteco is well into a 45,000m drill program charged with the key objectives of:

Extending and discovering mineralised vein structures proximal to historic workings and outside of the current Inferred Resource (1Moz at a grade of 11.3g/t gold);

Infill drilling of newly extended or discovered vein structures, with the aim of delivering an updated mineral Resource estimate around 30 June 2021; and

First pass testing of regional drill targets away from the main Pickle Crow deposit.

Recent drilling has identified more high-grade gold veins in a new structure, which will form part of the new Resource estimate.

The intersections in these new veins, which are in the Shaft 3 area, include:

AUDD0102
0.3 metres at 315.4 grams per tonne gold from 41.7m;

AUDD0104
1m at 34.9g/t gold from 191.2m;

AUDD0079
1.2m at 29.7g/t gold from 249.7m in hole;

AUDD103
2.3m at 7.8g/t gold from 39.8m in hole;

AUDD120
0.5m at 33.7g/t gold from 302.2m in hole; and

AUDD107
4.0m at 3.6g/t gold from 432m in hole.

Step-out drilling carried out in the Shaft 3 area extended the known mineralised vein structures, returning results of:

AUDD0119
0.6m at 313g/t gold from 338.8m; (~20m extension to known vein)

AUDD0092
5m at 9.5g/t gold from 46.2m; (~120m extension to known vein)

AUDD102
1.5m at 19.3g/t gold from 250.5m; (~20m extension to known vein)

AUDD085
1.6m at 6.1g/t gold from 168.5m; (~80m extension to known vein)

AUDD112
1.2m at 11.9g/t gold from 382.1m; and (~160m extension to known vein)

AUDD100
1.2m at 8g/t gold from 459.6m. (~70m extension to known vein)

“These results show that our strategy to grow the one million ounces Inferred Resource is on track,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“We are discovering new high-grade veins and extending the known size of those we found earlier.

“These results will form part of the Resource update set for completion in this quarter.

“As part of our growth strategy, we are now putting a strong emphasis on drilling within areas of known high-grade mineralisation to bring them into the Resource model.

“These areas are exciting because we have already established the presence of high-grade mineralisation and we just need to confirm its continuity in order to include it in the Resource.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au