Blackstone Minerals Doubles Ta Khoa Exploration Capacity

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has picked up the pace of its exploration activities underway at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone has set a new industry standard by adding a second geophysics crew and three additional drill rigs to its fleet, thereby doubling its exploration capacity.

Blackstone already had three drill rigs operating across the Ta Khoa project and now the addition of a fourth company-owned diamond rig will give it the option to test multiple prospects simultaneously, accelerating future resource upgrades, once it reaches completion of a maiden resource, scheduled for this quarter.

By owning and operating its own drill rigs, Blackstone has recognised substantial cost savings, with approximately 60 per cent reduction of per metre drilling costs relative to Australian industry averages.

Owning and operating four diamond drill rigs substantially increases the amount of drilling the company can undertake relative to other companies for the same expenditure.

“Blackstone is pleased to announce that we have doubled our exploration capacity to allow us to accelerate our exploration program to rapidly unlock what’s shaping up to be a world class nickel sulphide district at Ta Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have expanded our exploration capacity by adding an additional geophysics crew and a further three drill rigs.

“The additions will ensure we can progress the project as rapidly as possible in a cost-effective manner.

“We are looking forward to a steady stream of drilling results during Q3 and Q4 2020 and will keep our shareholders up to date as results become available.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Kin Mining Making a Hobby of Scoring Gold Hits

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported further encouraging assay results from ongoing Phase 3 Reverse Circulation (RC) drilling across multiple prospects at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.

Kin Mining continued to record gold hits of note from a program consisting 24 Reverse Circulation drill-holes, including 15 holes drilled at Hobby, four at Black Chief and five at Faye Marie.

Results include:

Hobby

HB20RC001
6 metres at 2.41 grams per tonne gold from 22m;

HB20RC004
5m at 3.72g/t gold from 74m;

HB20RC003
2m at 2.43g/t gold from 84m;

HB20RC011
3m at 1.45g/t gold from 71m;

HB20RC012
2m at 5.64g/t gold from 17m; and

HB20RC015
13m at 1.3g/t gold from 46m.

Black Chief

BC20RC013
1m at 2.84g/t gold from 48m; and

BC20RC015
1m at 1.46g/t gold from 33m.

Faye Marie

FM20RC065
1m at 4.28g/t gold from 61m and 1m at 2.93g/t gold from 76m; and

FM20RC067
2m at 1.83g/t gold from 40m.

Kin Mining said the drilling continued to highlight the presence of substantial mineralisation outside of the known deposits, reinforcing the substantial exploration upside at Cardinia.

“Phase 3 drilling is continuing to make excellent progress, with the latest batch of results highlighting the potential of the Hobby prospect as a significant focus for follow-up exploration and drilling aimed at expanding the existing resource of 8,000 ounces at 2.1 grams per tonne,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“Our strategic focus is to find new areas outside of the known deposits capable of delivering shallow resources at good grade, and Hobby certainly ticks every box in that respect.

“We have intersected consistent high-grade mineralisation (up to 5.64g/t) over a 500 metres strike length, with the mineralisation remaining open to the south.

“Drilling has also hit a new parallel zone to the west which requires further investigation.

“Further drilling is required to in-fill and expand the existing Hobby Resource, while also further evaluating the parallel structure to the west.

“Further RC and diamond drilling is planned prior to estimating a new resource that will form part of our project-wide Mineral Resource update due later this year.

“In the meantime, drilling is continuing at full pace with an air-core, RC and diamond rig currently operating across the project.

“This should ensure a consistent steady flow of results over the coming weeks.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Dreadnought Resources Extends Rocky Dam Gold

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) recently completed a 10-hole RC drilling program at CRA-North, part of the company’s Rocky Dam gold-VMS project east of Kalgoorlie in Western Australia.

Dreadnought Resources reported the drilling program had extended thick, shallow zones of gold mineralisation at CRA-North, returning drill intercepts including:

RDRC012
20 metres at 1.1 grams per tonne gold from 40m, including 5m at 3.3g/t gold from 52m; and

RDRC009
15m at 0.4g/t gold from 13m, including 4m at 1.3g/t gold from 17m.

The drill program was designed to follow up on previous shallow oxide intercepts and proved to be encouraging with all holes encountering oxide mineralisation, generally associated with ferruginous quartz veining in both felsic schists and sedimentary rocks.

Dreadnought hinted that the orientation of the bed rock lode remains elusive and requires greater structural understanding.

Accordingly, the company will undertake a review of the work completed to date, including relogging and detailed structural mapping in the September 2020 quarter.

“The results from the second drill program at CRA-North are encouraging with all holes mineralised and shallow oxide intercepts extending the strike extent of Rocky Dam,” Dreadnought Resources managing director Dean Tuck said in the company’s announceemmnt to the Australian Securities Exchange.

“The thick shallow oxide mineralisation, combined with approximately 300 metres of strike and proximity to Kalgoorlie, continues to make CRA-North an attractive target.

“In the short term, we will increase our structural understanding of CRA-North ahead of future drilling planned for the December 2020 quarter.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Blackstone Minerals Encounters Further Ta Khoa Sulphide Hits

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has continued it run of intersecting high-grade massive sulphide nickel-copper-PGE at Ban Chang, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

The first four holes of Blackstone Minerals’ maiden drilling program at Ban Chang have all encountered sulphide mineralisation.

The latest of these, BC20-04, returned:

21.5 metres at 0.69 per cent nickel, 0.66 per cent copper, 0.03 per cent cobalt and 0.81 grams per tonne PGE from 71m
13.4m at 1.01 per cent nickel, 0.96 per cent copper, 0.05 per cent cobalt and 1.14g/t PGE from 76m, including 2.1m at 2.53 per cent nickel, 1.36 per cent copper, 0.11 per cent cobalt and 0.76g/t PGE from 77.6m.

The four maiden drill holes were drilled more than 1.2 kilometres apart and along strike within a 1.2km-long massive sulphide target zone defined by high priority EM plates.

Blackstone has now moved to an aggressive drill out phase to delineate a maiden resource at Ban Chang to supplement the ongoing studies focused on producing nickel sulphate for the lithium-ion battery industry.

The company has recently purchased a third drill rig that will follow its geophysics crew throughout the Ta Khoa nickel sulphide district, testing high-priority EM targets generated from 25 MSV prospects, including King Snake, Ban Khoa, Ban Chang, and Ta Cuong.

The largest of these rigs will continue drilling at the King Cobra Discovery zone (KCZ), while the two smaller drill rigs will operate at Ban Chang East and Ban Chang West.

Blackstone’s Scoping Study on downstream processing to produce nickel sulphate for the lithium-ion battery industry and Ban Phuc maiden resource are on track for completion in Q3, CY20.

“Hole 4 has delivered our broadest Ban Chang intersection to date and confirms we have a bulk tonnage opportunity that has potential to deliver significant high-grade nickel to our future mine plan which will be underpinned by a base load feed coming from our flagship Ban Phuc orebody which includes the KCZ,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“Ban Chang is the first of our 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and KCZ.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Middle Island Resources Hits “Bonanza” Gold Intercepts at Sandstone

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) declared its latest drilling results from the company’s 100 per cent-owned Sandstone gold project in Western Australia as being “bonanza gold grade intercepts”.

Middle Island’s latest gold results emerge from the recent Phase 2 reverse circulation (RC) drilling campaign at the Sandstone gold project at the new Ridge satellite deposit.

New Phase 2 reverse circulation (RC) intercepts at Ridge include:

4m at 99.5 grams per tonne gold
4m at 50.5g/t gold
4m at 2.42g/t gold
9m at 1.05g/t gold
9m at 5.41g/t gold
2m at 5.85g/t gold
11m at 2.16g/t gold

“Phase 2 RC drilling at the new Ridge satellite deposit confirm the previous drilling and, subject to pending drilling results from the northern extension, provide further encouragement that Ridge likely represents another new open pit deposit to supplement the planned Sandstone mill recommissioning inventory,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The veracity of a bonanza grade intercept in MSRC544 of 4m at 50.5g/t gold (from 3m depth), including 1m at 198g/t gold (from 4m) is confirmed by MSRC545, drilled 20 metres directly behind and down dip from MSRC544, which includes an intercept of 9m at 5.41g/t gold (from 22m depth).

“MSRC544 and MSRC545 are infill holes drilled towards the southern end of the Ridge satellite gold deposit.

“The bonanza intercept in MSRC530 of 4m at 99.5g/t gold (from 13m depth), includes 1m at 390g/t gold (from 14m) for which a duplicate assay of 1m at 502g/t gold was returned.

“MSRC530 is the most northerly hole assayed to date at the Ridge deposit; potential extensions to the north are being addressed via the completion of a further 37 RC holes (1,261m), for which assays results are pending.

“To the north of this, yet again, lies the Shillington Gap target, where initial exploratory RC drill traverses are planned later in the Phase 2 campaign.”

Ridge is one of a cluster of three new proximal satellite gold deposits at Sandstone, the others being McClaren and McIntyre, and all hosted within the southeast extension of the Shillington banded iron formation (BIF) package, located on granted Mining Lease M57/129, 2.5 kilometres from the company’s on-site Sandstone gold processing plant.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Azure Minerals Ready to Commence Drilling at Andover

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has commenced first stage exploration and geophysical works on the company’s recently acquired Andover nickel-copper project in the West Pilbara region of Western Australia.

Azure is purchasing – subject to shareholder approval – 60 per cent of the project with the remaining 40 per cent to be retained by vendor, the Creasy Group.

Azure has prioritised two target locations for its maiden drilling program to start this month that have been identified by work already completed by the vendor.

However, priority has been given to pre-drilling FLTEM surveys to be carried out over the two key target zones containing the earlier mineralised drill intersections.

The FLTEM surveying will utilise multiple off-set loops to increase three-dimensional definition of the conductor plates, increase the depth penetration to assess down-dip potential, and refine the drill hole targeting.

The first phase of Azure’s maiden drilling program is to comprises six diamond core holes.

Additional drilling is planned to follow-up positive results and to test new targets identified by the regional FLTEM surveys.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Antipa Minerals Well-Positioned For Exploration Triumph

THE DRILL SERGEANT: Few junior explorers can claim a list of heavyweight partners like Antipa Minerals (ASX: AZY).

Antipa Minerals first lured a big name to join its hunt for giant deposits in Western Australia’s Paterson Province in 2015 when it struck a $60 million farm-in agreement with Rio Tinto on its Citadel project.

Since then, interest in the Paterson has exploded with Rio’s Winu copper find and Greatland Gold’s Havieron gold discovery, and Antipa has lined up two more top-class partners for other parts of its extensive landholding in the region.

In February this year, Newcrest Mining, entered a farm-in agreement over 2,180 square kilometres of ground held by Antipa that surrounds its Telfer gold operation, the largest mine in the Paterson.

Newcrest, which is keen to find new sources of ore to keep Telfer running beyond 2023 when current reserves are due to run out, can earn 75 per cent of the Wilki project, as it has been dubbed, by spending $60 million over eight years.

Antipa followed up the Newcrest deal by signing a third major farm-in agreement, this time with $3 billion gold and base metals producer IGO Ltd, at the start of this month.

Under this agreement, IGO can earn a 70 per cent interest in 1,563sqkm of tenements held by Antipa by spending $30 million over 6.5 years, with a requirement to spend at least $4 million in the first 2.5 years.

While the partners have the right to pull out after reaching certain expenditure milestones as is typical in mining industry farm-ins, Antipa could ultimately be free carried for a whopping $150 million of exploration expenditure if the agreements are all seen through to their conclusions.

The company also retains 100 per cent ownership of 144sqkm of ground in the Paterson that includes established gold-copper resources at Minyari-WACA (723,340 ounces of gold and 26,390 tonnes of copper).

In conjunction with the farm-in agreements, both Newcrest and IGO took positions on the Antipa register through share placements (Newcrest 9.9%, IGO 4.9%).

These placements have ensured Antipa is well funded to continue exploration on its 100 per cent-owned ground, study development scenarios and potentially look at new opportunities.

The company listed on the ASX in 2011 with its main asset being a package of tenements in the Paterson acquired from Centaurus Metals.

At that time, the region was far from the fashionable address for mineral exploration it is today.

But there was a recognition among board and management that it had the potential to host world-class deposits such as Telfer, which had a pre-mining endowment of 32 million ounces of gold and 1 million tonnes of copper.

They went on to assemble a commanding landholding of more than 5,000sqkm by acquiring additional ground from the likes of Paladin Energy and legendary WA prospector Mark Creasy.

The strategy has proven to be prescient with recent developments.

 

Antipa Minerals is presenting at the M+C Partners/Vertical Events Gold ‘n Brews Seminar.

RSVPs are required to attend this free event. To do so CLICK HERE.

Musgrave Minerals Drills Its Way to Gold Success

THE DRILL SERGEANT: Musgrave Minerals has been one of the standout performers among junior gold stocks in recent months due to its success with drilling at the Break of Day deposit, part of its Cue gold project in Western Australia’s Murchison district.

Musgrave shares have soared from 10 cents at the start of April to a record high of 83 cents this week thanks primarily to some thick, near-surface and exceptionally high-grade hits from the Starlight lode at Break of Day, including:

85 metres at 11.6 grams per tonne gold from 7m,

60m at 13.1 g/t gold from 76m, and

42m at 77.3 g/t gold from 30m.

Musgrave Minerals managing director Rob Waugh, a former WMC geologist, told The Resources Roadhouse the Starlight discovery might never have happened had the company not challenged conventional thinking around the geology that features in that part of the Murchison.

“There was a slight geological anomaly that didn’t fit the existing model,” Waugh said.

“That was reason enough for us to start thinking differently.

“We turned the drill rig around.”

The mineralised structure in which existing resources at on Musgrave’as 100 per cent-owned ground at Cue (6.45 million tonnes at 3g/t gold for 613,000 ounces) are hosted run in a north-west/south-east orientation, whereas the holes drilled at Starlight are the only holes in the whole project area drilled in a north-east/south-west orientation.

The interpretation confirmed by Starlight’s discovery has shed a new light on Cue and already resulted in the discovery of another parallel lode, White Light, at Break of Day.

Musgrave has advised that it will release an updated resource estimate for Break of Day including Starlight and White Light at the end of the September quarterly, which should see a material increase to the deposit’s current resource of 868,000 tonnes at 7.2g/t gold for 199,000 ounces.

Break of Day already demonstrated the potential to support a mine; the new discovery at Starlight has only increased its development prospects as the near-surface gold should allow for rapid payback of project capital.

The Cue project is in a part of the Murchison that is rich with gold processing infrastructure, with five operational mills within proximal distance.

These mills all present potential options for treating ore from Musgrave deposits.

Drilling is continuing at Starlight with a focus on infilling and extending the high-grade mineralised at depth, where it remains open.

Musgrave is also continuing to test for new lodes within the Break of Day/Lena mineralised corridor, with a third rig due to start drilling on its 100%-owned ground at Cue in mid-August.

The company signed an $18 million earn-in and joint venture agreement with Evolution Mining in September last year over a portion of its ground at Cue include Lake Austin.

Evolution must spend a minimum of $4 million in the first two years, and as part of that activity, the partners are undertaking a large aircore drilling program identifying and testing targets on Lake Austin.

 

Musgrave Minerals is presenting at the M+C Partners/Vertical Events Gold ‘n Brews Seminar.

RSVPs are required to attend this free event. To do so CLICK HERE.

 

Saturn Metals Sees Gold in Apollo Hill Drill Intersections

THE DRILL SERGEANT: Saturn Metals (ASX: STN) continued to release encouraging results from ongoing reverse circulation (RC) drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals is drilling at Apollo Hill as part of the company’s strategy to grow the Apollo Hill project’s current 781,000-ounce Mineral Resource.

The company is anticipating a further resource upgrade to be ready for late 2020 that will incorporate results from drilling it has conducted since November 2019.

The RC drilling at Apollo Hill returned new intersections, including:

AHRC0362 (Apollo Hill main lode)
5 metres at 32.6 grams per tonne gold from 301m, including 3m at 54.2g/t gold from 301m within, 9m at 18.2g/t gold from 301m;

AHRC0363 (Apollo Hill hanging-wall intercept)
9m at 1.48g/t gold from 276m; and

AHRC0162 re-entry (Apollo Hill main lode)
5m at 1.97g/t gold from 191m.

Saturn Metals claimed the AHRC0362 result to be amongst the best intersections it has seen to date at Apollo Hill, and contains the highest-grade individual assay ever returned from the project being 1m at 128.5g/t gold from 301m.

Visible gold was also noted in association with high grades in the 3m at 54.2g/t gold intercept in hole AHRC0362.

“The latest assay results continue to highlight the potential to improve both the scale and quality of the Apollo Hill gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Drilling is continuing on multiple fronts across the deposit.

“Assays remain pending for several important holes around this exciting new footwall zone and we look forward to reporting on the results in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnetals.com.au

 

Web: www.saturnmetals.com.au

 

 

Middle Island Resources Scores at McIntyre Deposit

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) continued its run of positive results from a Phase 2 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Island’s recent results have come in the form of broad intervals of shallow dipping, BIF-hosted gold mineralisation from surface in infill and extension drilling of the new McIntyre satellite gold deposit.

New Phase 2 reverse circulation (RC) intercepts from McIntyre include:

13 metres at 1.94 grams per tonne gold
9m at 3.53g/t gold
26m at 1.38g/t gold
18m at 1.36g/t gold
17m at 1.20g/t gold
23m at 2.08g/t gold
24m at 1.95g/t gold
18m at 2.47g/t gold
14m at 2.22g/t gold

Middle Island believes the McIntyre prospect could very well make a positive contribution to the project’s mill recommissioning inventory.

“Phase 2 infill and extension RC drilling at the new McIntyre deposit has confirmed the broad, consistent gold intercepts returned from Phase 1 RC drilling of that deposit,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“These provide further encouragement that McIntyre will likely represent a new, low strip ratio, open pit deposit to supplement the planned Sandstone mill recommissioning inventory.

“I look forward to sharing with you further Phase 2 RC drilling results, derived from the remaining four new satellite deposits, as they are received and compiled over the coming weeks.”

The McIntyre results were quickly followed up by further Phase 2 reverse circulation (RC) intercepts from the Old Town Well target that included:

3m at 20.6g/t gold
14m at 2.22g/t gold
6m at 3.23g/t gold
14m at 1g/t gold
8m at 1.8g/t gold

Middle Island considers Old Town Well is likely to represent a larger oxide gold deposit, the majority of which is shallow, including a blanket of mineralised laterite from surface.

The Old Town Well satellite deposit, situated only 600m north of the company’s 100 per cent-owned 600,000 tonnes per annum gold processing plant, will now be assessed as part of Sandstone’s current feasibility study (FS).

TO READ BOTH ANNOUNCEMENTS IN FULL: CLICK HERE and CLICK HERE

 

Email: info@middleisland.com.au

Web: www.middleisland.com.au