Legacy Minerals Intersects Black Range Epithermal Veins

THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) has completed its first diamond drilling campaign at the company’s 100 per cent-owned Black Range project in New South Wales.

Legacy Minerals carried out its first-phase diamond drilling program at the Sugarbag Hill prospect, completing two holes totalling 870.7 metres.

The drilling intersected veins indicative of a low-sulphidation epithermal style of mineral system, supporting the company’s exploration targeting model.

Diamond core is currently being sampled before dispatch to laboratories for assay with results expected to be received in July 2024.

“The visual confirmation of epithermal veins in the initial drill holes completed at Black Range is a great outcome,” Legacy Minerals CEO & managing director Christopher Byrne said in the company’s ASX announcement.

“Our goal was to identity potential feeding structures that may have caused the widespread gold anomalism at surface.

“We achieved our intended proof-of-concept early in this campaign and have decided to await assays before returning for follow up drilling.

“The diamond drilling targeted a large, 2.2 kilometres surface gold trend at Sugarbag Hill which includes a higher tenor, 800 metres long zone with an average of 107.5ppb gold in soil samples.

“Visual observations in the drill core of chalcedony-adularia and bladed carbonate with fluorite support our interpretation of a low-sulphidation style epithermal system.

“With the initial drill program complete at Black Range, the team is now mobilised to Bauloora where drilling is commencing.

“This is an intensive period of exploration and an exciting time for our shareholders, as we progress with our goal of executing four discovery-focused drill campaigns at four different projects this year.

“These include Black Range, Bauloora with our earn-in partner Newmont, Glenlogan with earn-in partner S2 Resources, and EarthAI at Fontenoy.”

Chris Byrne with The Resources Roadhouse at RIU Sydney Resources Round-up.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Wildcat Resources Extends Luke Discovery Strike Length

THE DRILL SERGEANT: Wildcat Resources (ASX: WC8) announced high-grade lithium results from its Luke Pegmatite discovery within the company’s Tabba Tabba lithium project in Western Australia.

Wildcat Resources declared the drilling to have extended the Luke discovery by more than 800 metres strike with intercepts including:

Two wide zones in hole TARC348D
43 metres at 1.4 per cent lithium oxide (Li2O) from 316m (estimated true width), and
43.4m at 1.1 per cent Li2O from 412m (est. true width); and

Two wide zones in hole TADD030
54.4m at 1.2 per cent Li2O from 267.9m (est. true width), and
25m at 1.2 per cent Li2O from 363.9m (est. true width).

“These latest broad mineralised zones at the Luke Pegmatite are exceptional,” Wildcat Resources managing director AJ Saverimutto said in the company’s ASX announcement.

“We are very excited, as the new results confirm the discovery has broad, high-grade zones sitting directly beneath our Leia Pegmatite body.

“Luke has potential to have a significant positive impact on the overall system.

“We have four rigs onsite, aggressively drilling new targets at Tabba Tabba.

“The Luke discovery is testament to the quality of our geological team and their target generation.”

Wildcat considers the results from the Luke Pegmatite to be encouraging for the company to continue its aggressive exploration campaign across the Tabba Tabba tenements to test new search spaces.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Spartan Resources Extends High-Grade Pepper Gold Discovery

THE DRILL SERGEANT: Spartan Resources (ASX: SPR) released new assay results from recent surface drilling targeting the high-grade Pepper gold prospect within the company’s 100 per cent-owned Dalgaranga gold project (DGP) in the Murchison region of Western Australia.

Spartan Resources declared the assays from Pepper prospect, sitting adjacent to the 0.95 million ounce Never Never gold deposit, demonstrate increasing ounces per vertical metre potential.

The company said the latest drilling intercepts had expanded the high-grade Pepper discovery, including:

DGDH070
14.73 metres at 11.42 grams per tonne gold from 553.73m down-hole, including 4.37m at 36.8g/t gold.

This intercept was located approximately midway (~50m north) of the initial previously announced Pepper discovery hole DGRC1432-DT, which returned 17.52m at 15.86g/t gold.

DGDH069-W1
17.67m at 6.58g/t gold from 561.85m down-hole, including 7.53m at 11.93g/t gold.

This intercept was located down-dip of another previously announced Pepper discovery hole, midway between DGRC1432- DT and DGDH069, which returned 11.28m at 5.94g/t gold.

“Our focus on drilling, closing the gaps and achieving significant outcomes in front of our established infrastructure continues to deliver in spades with our ongoing drilling success at the recently discovered Pepper gold prospect,” Spartan Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“Pepper is located less than 100 metres south of the high-grade 0.95 million ounce Never Never gold deposit and we couldn’t be happier to see the rapid emergence of another substantial high-grade body of mineralisation next to our flagship deposit with each new drill result.

“We are very confident that Pepper will become a standalone gold deposit and, to ensure that outcome, we will be completing a maiden Mineral Resource Estimate for this exciting prospect as part of our foreshadowed mid-year MRE update for Dalgaranga.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

American West Metals Defines Thick New Copper Zones at Storm

THE DRILL SERGEANT: American West Metals (ASX: AW1) has intersected thick new zones of copper mineralisation at the company’s Storm copper project on Somerset Island, Nunavut, Canada.

American West Metals’ 2024 Reverse Circulation (RC) drilling has delivered immediate success with drilling of geophysical targets intersecting thick new zones of copper mineralisation including:

SR24-02 (Cyclone North)
36.6 metres of visual copper sulphides from 79.3m downhole;

SR24-03 (The Gap)
47.2m of visual copper sulphide mineralisation, including a 10m interval of very strong visual copper sulphides from 36.6m downhole; and

SR24-04 (The Gap)
30.5m of visual copper sulphide mineralisation from 29m downhole.

The company intimated visual copper sulphide mineralisation intersected in SR24-03 and SR24-04 appears akin to high-grade copper sulphides encountered in the 2023 discovery hole at the nearby Thunder prospect, which returned 48.6m at 3 per cent copper (ST23-03).

“This year’s drilling program has immediately built on last year’s successful program with the expansion of the large-scale copper footprint at the Cyclone deposit, and with new zones of thick near-surface copper mineralisation intersected at the Gap prospect,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“This initial phase of drilling was designed to test a number of existing resource and geophysical targets, working in parallel with the Moving Loop EM (MLEM) survey as it identified new resource expansion and exploration targets.

“The exploration drilling has had immediate success and has clearly demonstrated that the southern graben area can host multiple high-grade copper deposits.

“This vast fault network remains largely untested, highlighting the exceptional exploration upside and resource growth potential of this area.

“The MLEM survey continues to make rapid progress with the completion of Phase 1 of the program.

“The next phase of the survey will search deeper, below the known copper deposits for a repeat of the Cyclone style mineralisation at depth, and potential for the discovery of sedimentary copper deposits of similar style to the major Central African copper belts.

“We look forward to reporting more news from Storm in the coming weeks, including additional drilling and geophysics updates.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Flynn Gold Encounters High-Grade Veins at Golden Ridge Adit

THE DRILL SERGEANT: Flynn Gold (ASX: FG1) reported a high-grade gold encounter from the Link Zone prospect at the company’s 100 per cent-owned Golden Ridge project in Northeast Tasmania.

Flynn Gold recorded high-grade gold assays during a recent field mapping and sampling campaign at the Link Zone prospect that sits between the Trafalgar and Brilliant prospects along the Golden Ridge granodiorite contact.

Previous diamond drilling at Trafalgar and Brilliant was encouraging producing multiple intersections over 100 grams per tonne gold at the Trafalgar prospect, which is currently the subject of a diamond drillhole campaign.

Flynn Gold completed mapping and vein sampling within the historic Golden Ridge adit, from which it has identified a new zone of high-grade gold mineralisation in the Link Zone prospect.

Underground grab sampling of mineralised veins in the adit returned high-grade gold assays, including 64.4g/t gold, 37.6g/t gold and 15.9g/t gold.

“Our confidence in Golden Ridge as an extensive, high-grade intrusive-related gold system continues to grow with these Link Zone results confirming that high-grade mineralisation exists within an increasingly well-defined corridor that has the potential to link the Brilliant and Trafalgar prospects over a strike length of 2.5 kilometres,” Flynn Gold managing director & CEO Neil Marston said in the company’s ASX announcement.

“Whilst drilling is ongoing at Trafalgar our exploration team is actively exploring to further extend the gold system at Golden Ridge which we expect will lead to identifying additional drilling targets similar to the Link Zone.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Helix Resources Commences Canbelego Copper Drilling

THE DRILL SERGEANT: Helix Resources (ASX: HLX) has commenced a drill campaign at the company’s Canbelego copper project in the Cobar-Nyngan area of central New South Wales.

Helix Resources is targeting highly prospective IP anomalies within the Canbelego Joint Venture project that is part of its Western Group Tenements.

Helix Resources recently completed an induced polarisation (IP) survey northwest of the Canbelego copper deposit extending the IP coverage north of known mineralised zones.

The PDIP survey defined a prominent NNW-trending Western chargeable anomaly with a strike length of 625m.

Up to 3000m of drilling has been allocated to test this undrilled Induced Polarisation (IP) chargeable anomaly located west of the Canbelego copper resource that the company considers highly prospective for additional Cobar-style parallel copper lodes.

“The new ‘far’ Western Canbelego target is the largest and strongest IP anomaly which we have identified to date,” Helix Resources managing director Dr Kylie Prendergast said in the company’s ASX announcement.

“The commencement of a new drilling campaign is always exciting and I am very interested to see what we unearth by testing this large-scale, chargeable and as-yet undrilled target.

“This program is testing for new Cobar-style deposits which often feature as parallel lodes of copper mineralisation, such as those seen at Metal Acquisition Limited’s large, high-grade CSA copper deposit.

“Helix believes that the Canbelego copper deposit is analogous to the CSA copper deposit, with three separate high-grade copper lodes already identified in drilling to date.

“Whilst we wait for the first assays from the Canbelego drilling, expected in late June, we are continuing infill auger drilling for gold at our Eastern Group Tenements.

“We plan for a strong stream of news from this highly active period.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Identifies High Priority Bedrock Gold Target at Gidji JV

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has upgraded the 8-Mile target within the company’s Gidji JV project outside of Kalgoorlie in Western Australia.

Miramar Resources achievd the upgrade via reprocessing of geophysical data of the 8-Mile target that is located at the southern boundary of the Gidji JV project and abuts Northern Star Resources’ 8 Mile Dam gold deposit.

The company has interpreted the reprocessed data to demonstrate a well-defined gravity and Induced Polarisation (IP) anomaly north of the 8 Mile Dam Resource, which appears to have been offset by a SW-NE trending fault and underlies numerous aircore end of hole (EOH) results.

Miramar believes the combination of the multiple coincident datasets increases the potential for an extension to the 8 Mile Dam deposit within the Gidji JV project.

“We have multiple high-grade end of hole aircore gold results overlying an IP and gravity anomaly which looks very similar to the 8 Mile Dam gold deposit immediately south of our tenement boundary,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The geophysical data suggests that the deposit may extend into our ground but has been offset approximately 400 metres to the northeast by a fault.

“The 8-Mile offset target is within reach of RC drilling and, unlike the targets further north, there is no paleochannel covering the basement geology.”

Miramar is reviewing options for testing the offset 8-Mile target including aircore drilling and/or RC drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Antipa Minerals Encounters High-Grade Gold Intersections at Minyari Project GEO-01 Target

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from the first six holes of recent CY2024 Phase 1 drilling at the company’s 100 per cent-owned Minyari Dome gold-copper project in the Paterson Province of Western Australia.

Antipa Minerals has completed the initial 39 reverse circulation (RC) holes of the 71-hole drilling program, from which assay results for the first six RC holes drilled at the GEO-01 target returned thick zones of near surface, potentially open pittable, high-grade gold mineralisation.

High-grade intersections from the first six drill holes include:

24MYC0441
66 metres at 1.4 grams per tonne gold and 0.04 per cent copper from 118m down hole in, including 6m at 1.9 g/t gold and 0.11 per cent copper from 118m down hole, and 17m at 4.4 g/t gold from 157m down hole, including 4m at 15.5 g/t gold from 168m;

24MYC0442
26m at 1.3 g/t gold from 37m down hole, including 6m at 2.4 g/t gold from 37m down hole and 4m at 2.4 g/t gold from 59m down hole, and
20m at 2.4 g/t gold from 114m down hole, including 11m at 3.4 g/t gold from 122m down hole, including 3m at 4.8 g/t gold from 124m; and

24MYC0445
39m at 1g/t gold from 71m down hole, including 5m at 2g/t gold from 71m down hole and 2m at 2.8g/t gold from 94m downhole.

“Our Phase 1 CY2024 drill program is off to a great start, with fantastic initial results returned from the first six holes of resource delineation drilling at GEO-01,” Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“Grades of up to one metre at 28.9 grams per tonne gold have been returned, with multiple intersections of near surface high-grade mineralisation.

“Importantly, these results show an increase in the thickness of the main zone of mineralisation.

“With GEO-01 open in most directions, it continues to shape up as a substantial shallow, maiden resource opportunity.

“We look forward to receiving the next batch of GEO-01 results in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meteoric Resources Increases Soberbo Mining Licence Mineral Resource

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) released an substantial Mineral Resources Estimate (MRE) update for the company’s Caldeira rare earth element (REE) project in Minas Gerais Brazil.

Meteoric Resources provided a 150 per cent increase in the Resource estimate at the project’s Soberbo Mining Licence that has increased the company’ Global Mineral Resources to 545 million tonnes at 2,561 parts per million (ppm) total rare earth oxides (TREO).

The Soberbo ML total Indicated and Inferred Resources have come in at 229 million tonnes at 2,601ppm TREO (1,000ppm cut-off) with 645ppm (24.8%) magnetic rare earth oxides (MREO), including 158 million tonnes at 3,058ppm TREO (2,000 ppm cut-off).

The estimate includes the first Indicated Resources for the Caldeira project of 86 million tonnes at 2,730 ppm TREO (1,000ppm cut-off) defined at the Soberbo ML.

Meteoric’s updated Global Resource Estimate for Caldeira REE project has now increased 33 per cent to 545 million tonnes at 2,561ppm TREO (1,000ppm cut off) with 24.1 per cent MREO.

“Congratulations to the Brazil Exploration team on an outstanding result,” Meteoric Resources executive chairman Dr Andrew Tunks said in the company’s ASX announcement.

“Using Meteoric’s in-house drilling capacity we have quickly and efficiently tested the true depth extent of the clay hosted mineralisation at Soberbo with spectacular growth in the total resource and our first Indicated Resource which will feed directly into our Scoping Study.

“The staggering size of the project has again been illustrated and when combined with best in class grades and recoveries speaks to the potential of the Caldeira project to become a significant long life supplier of rare earths crucial to global electrification.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ora Gold Intersects New High-Grade Gold at Crown Prince

THE DRILL SERGEANT: Ora Gold (ASX: OAU) reported RC drilling results from the Crown Prince prospect within the company’s Garden Gully gold project near Meekatharra in Western Australia.

Ora Gold has declared the advanced Crown Prince prospect to be a focus area for it to prove up development ready ounces.

Crown Prince comprises the Southeastern and Main Zones as mineralised zones that are close to each other and commence at shallow depths.

The latest RC results from the Southeastern Zone have delivered high-grade gold mineralisation at the eastern end of the ore body and well down dip from previously reported intersections, including:

OGGRC710
6 metres at 28.8 grams per tonne gold from 163m, including 2m at 76.62g/t gold from 164m below a higher mineralised zone of 6m at 1.78g/t gold from 124m;

OGGRC709
10m at 1.91g/ t gold from 208m; and

OGGRC704
4m at 2.08g/t Au from 263m.

“Drilling from the Southeastern Zone continues to show the potential for new high-grade zones to be discovered,” Ora Gold CEO Alex Passmore said in the company’s ASX announcement.

“This area of the resource has previously been modelled as modest grade and width.

“We look forward to incorporating these results which show high grades down the profile with good continuity to depth into an updated Crown Prince MRE, which is expected to be finalised in a few months from now.”

Ora Gold has resource development continuing at Crown Prince with new mineralised zones being drilled out in sufficient detail to be included in an updated resource estimate the company anticipates being ready in the middle of the September quarter.

Preliminary project development work has commenced with key consultants appointed for the preparation of a mining proposal for Crown Prince.

Preliminary work on metallurgy, hydrogeology and geotechnical that the company has already completed is being used to expedite the proposal preparation timeline.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE