Breaker Resources Launches Bombora Drill Campaign

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has commenced a major reverse circulation (RC) and diamond drilling program designed to grow the one million-ounce Bombora Resource within the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Breaker Resources indicated the main focus of the drilling will be on extensions and discovery outside the Resource envelope, both along strike and at depth.

Drilling is expected to continue throughout 2020, using at least three drill rigs.

Diamond drilling at Bombora South has already commenced to extend the 3.2km-long gold system to the south.

The initial objective of the drilling is to discover and extend the main mineralised structures (faults) controlling the gold mineralisation observed at Bombora, prior to follow-up resource drilling.

RC and diamond drilling to be carried out at Claypan will test a 2.5km by 500m gold anomaly identified by recent aircore drilling 1.3km southeast of Bombora.

Breaker explained the Claypan anomaly is partially coincident with a newly identified, Bombora Sill-like quartz dolerite and has a geochemical signature comparable with that associated with the Bombora and Crescent primary discoveries.

As with Bombora South, the initial objective is discovery and to pin down the main structures controlling the mineralisation to guide further drilling.

The diamond and RC drill rigs will continue through to just before Christmas and then resume early in the New Year.

A third diamond drill rig will start early in the New Year to commence targeting the down-plunge extensions of the Tura, Daisy and Mindil lodes below the current Resource where reconaissance drilling has previously identified high-grade gold mineralisation.

The initial hole in this area will be a deep (~1,200m) diamond drill hole at the southern end of the Bombora deposit and will be conducted as part of a Department of Mines, Industry Regulation and Safety’s Exploration Incentive Scheme (EIS) co-funded drilling program.

“The drilling campaign was designed to accelerate the unlocking of the immense exploration potential at Lake Roe,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“Our team has done a great job unravelling the geology and believes there is huge scope to grow the one million ounce Resource based on a good understanding of the geology after 225,000 metres of drilling and detailed modelling.

“We are now applying this understanding outside the 3.2 kilometre Resource area to the rest of the 8.5 kilometre mineralisation system.

“The targets are a mix of prospects, some of which have already yielded strong reconnaissance intersections but which are poorly understood and inadequately drilled due to the early focus on Bombora (Bombora South, Bombora Deeps, Crescent).

“Other targets have compelling geochemistry with significant aircore drilling intersections that elevate the probability of fresh discovery (Claypan, Claypan North).

“I think this will translate into cost-effective extensional ounces and further discovery but it is now time to let the drill bit do the talking.

“The business case for our strategy is sound and simple.

“Our discovery cost at Bombora is approximately $18 per ounce…and the market is valuing resource ounces like ours at around $65 per ounce, rising to over $250 per ounce in many cases as projects develop.

“We believe drilling to expand the resource base is likely to add significant value and expand our development options.”

 

Email: breaker@breakerresources.com.au

Web: www.breakerresources.com.au

 

Ausgold Commences RC Drilling at Katanning

THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) is spending its recently-raised $2.4 million on an exploration drilling program at the company’s 100 per cent-owned Katanning gold project in Western Australia.

Ausgold has kicked off the program with the drilling of 20 Reverse Circulation (RC) holes for 2,500m, which it expects to be completed during December.

The new drilling within the Central Zone will target extensions to recently identified high-grade gold mineralisation intercepted at the Jinkas South and Jackson areas.

High-grade gold mineralisation was intersected at Jinkas South by previous drilling beyond the limits of the current Resource.

The Jackson area is located at the north western portion of the Central Zone and has also ceded high-grade intercepts in earlier campaigns.

“Following the recent announcement of the receipt of binding commitments for $2.4 million to institutional and sophisticated investors, Ausgold is immediately commencing an RC drill program which targets high-grade mineralisation within the Central Zone,” Ausgold managing director Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“This round of drilling will test new geological concepts which aim to extend high-grade mineralisation with the potential to add high-grade ounces to the current the 1.2 million ounce gold Resource at Katanning.

“The results of this initial drill program will be used to prioritise targets for a larger drill program planned in 2020.

“In addition to these near Resource targets, Ausgold is targeting mineralisation in nearby identified areas such as the Burong and Cleggs Bend prospects, which are located within five kilometres of the main Resource.

“This suggests there is potential for significant further gold Resources to be discovered.

“We’re looking forward to updating the market in the coming weeks with the results.”

 

Email: info@ausgoldlimited.com

Web: www.ausgoldlimited.com

 

Auroch Minerals Historic Review Highlights Nickel Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) completed a review of historic data that it claims has confirmed thick high-grade massive nickel sulphide mineralisation at the company’s recently-acquired Leinster project in Western Australia.

Auroch Minerals said the review involved recalculation of important intersections for all historic drill-holes undertaken at the Horn prospect, several of which demonstrated thick zones of high-grade nickel sulphide mineralisation, including:

08BWDD0015
14.66 metres at 2.19 per cent nickel, 0.48 per cent copper and 0.12 per cent cobalt from 132.6m down-hole;

08BWDD0039
7m at 2.58 per cent nickel, 0.63 per cent copper and 0.14 per cent cobalt from 158.6m down-hole; and

08BWDD0074
10.8m at 2.21 per cent nickel, 0.53 per cent copper and 0.12 per cent cobalt from 143.97m down-hole.

Reviewing the modelled mineralisation in long-section at the Horn prospect demonstrated that thick high-grade nickel mineralisation occurs at relatively-shallow depths, and remains open along strike and down plunge.

Auroch had reprocessing of the high-resolution aeromagnetic data at the Leinster project completed by Southern Geoscience Consultants (SGC) that showed a strong correlation between the known nickel sulphide mineralisation and magnetic highs.

The company now has interpretation and modelling of the reprocessed data underway.

SGC has also commenced reprocessing and modelling of the large amount of down-hole electromagnetic (DHEM) data and surface moving-loop EM (MLEM) data at both the Horn and Valdez target areas of the Leinster project, in order to confirm the conductivity and location of the modelled EM plates that will be the focus of an RC drilling program to be carried out early in 2020.

“Our review of the large historical geological database from the Leinster project has demonstrated thick zones of massive nickel sulphide mineralisation within prospective ultramafic lithologies,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“Reprocessing the detailed aeromagnetic data has provided insight into the known nickel sulphide mineralisation and hence confirmed the importance of aeromagnetic data when targeting komatiitic nickel sulphide mineralisation.

“We look forward to receiving the reprocessed EM data from SGC which will form the basis of our targeting for the RC drilling program planned for early 2020.

“The known mineralisation at the Horn provides an excellent base to build on, whilst the strong EM conductor in prospective lithologies at Valdez provides an excellent target for a potential new nickel sulphide discovery in close proximity to existing processing infrastructure.”

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com

 

Marenica Energy Widens Koppies 2 Palaeochannel

THE DRILL SERGEANT: Marenica Energy (ASX: MEY) has completed a Phase 3 reverse circulation (RC) drilling program to extend the width of the palaeochannel on the company’s Koppies tenement in Namibia, Africa.

Marenica Energy reported the recent drilling had identified the Koppies 2 palaeochannel to be up to 1.2 kilometres wide, extending to now encompass the full width of the tenement, being approximately 3.6km.

The company explained the importance of the resulting wider channel width, saying that the wider the mineralised palaeochannel the greater the potential for increased numbers contained uranium pounds in any given length.

The palaeochannel was identified through the drill holes intersecting calcrete hosted mineralisation, which is the rock type within palaeochannels Marenica is targeting.

“Identifying that the Koppies 2 palaeochannel has a width of approximately 1.2 kilometres is fantastic news, especially with a length of at least 3.6 kilometres,” Marenica Energy managing director Murray Hill said in the company’s announcement to the Australian Securities Exchange.

“The substantial width is expected to greatly increase the contained uranium pounds per unit length of palaeochannel, which is extremely positive for the potential economics of the Koppies project.

“The Koppies story continues to develop, with the extensive Koppies 2 palaeochannel, excellent grades achieved from Phase 2 drilling, and with only approximately 10 per cent of the Koppies tenement explored, let alone the remaining 2,494 square kilometres of tenements held by the Company in the Namib area.”

Mrenica followed its Phase 2 drill program, which had identified a mineralised palaeochannel at Koppies 2, with three HLEM survey lines across the Koppies 2 palaeochannel that were designed to determine the potential width of the palaeochannel ahead of the Phase 3 drill program.

The HLEM results indicated a more extensive palaeochannel than expected, which resulted in the drill program being expanded, extending further north and south than initially planned.

Following from the identification of a wide palaeochannel at Koppies 2 and confirmation that HLEM has been successful in locating palaeochannels at Koppies, the company indicated it would continue with the exploration program.

Receipt of the assay results from the Phase 3 drill program is expected in January 2020.

 

Web: www.marenicaenergy.com.au

 

Gold Road Estimates New Wholly-Owned Yamarna Gold Resources

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) reported the first 100 per cent company‐owned resource addition since it entered the Gruyere Joint Venture.

The Mineral Resource of 3.5 million tonnes at 2.62 grams per tonne gold for 297,600 ounces was estimated at the Gilmour and Renegade deposits, both 100 per cent-owned by Gold Road.

The Gilmour Maiden Mineral Resource totals 2.6 million tonnes at 3.09g/t gold for 258,400 ounces, with 0.8 million tonnes at 5.2g/t gold for 120,000 ounces, or 46 per cent of contained ounces, classified as an Indicated Resource.

This makes Gilmour the third largest and second highest grade deposit so far discovered on the Yamarna Belt.

The Gilmour Maiden Mineral Resource is located 55 kilometres, by road, south of the Gruyere Mine, which means the open pit and underground Mineral Resources could be developed by Gold Road and processed at Gruyere via toll treatment provisions under the Gruyere JV agreement.

The Gruyere development option provides a pathway to monetise the discovery and realise value from Gold Road’s exploration program.

The Renegade deposit, previously reported as Khan North, has been re‐estimated as an Inferred Mineral Resource of 0.9 million tonnes at 1.3g/t gold for 39,200 ounces.

The new resource estimate follows detailed geological interpretation and optimisation for open pit extraction, applying appropriate modifying factors and a gold price assumption of $1,850 per ounce.

Renegade is located just 35 kilometres by road from the Gruyere Mill, and is adjacent to the Gruyere Main Access Road.

Like Gilmour, Renegade could also potentially add value to Gold Road through toll treatment in accordance with the terms of the Gruyere JV agreement.

“The Maiden Mineral Resource for Gilmour represents the first gold deposit identified at Yamarna outside of the original discoveries on the Golden Highway, and our Gruyere discovery which is now being mined in Joint Venture with Gold Fields,” Gold Road executive director ‐ exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“The significance in being the third largest, and second highest grade deposit so far discovered at Yamarna is considerable.

“The relatively high‐grade demonstrates a diverse endowment consistent with our belief in the Belt having potential to host multiple deposits varying in style, size and grade as seen in other major Greenstone Belts in Western Australia ‐ the main difference at Yamarna is it remains significantly underexplored.

“We are now applying the improved understanding from our Gilmour exploration programme to assist our ongoing targeting of greater than one million ounce deposits on the considerable Yamarna tenement holding.”

 

Email: perth@goldroad.com.au

Web: www.goldroad.com.au

 

Encounter Resources Identifies New Copper-Gold Drill Targets at Lamil

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) recently completed IP and AEM surveys at the company’s 100 per cent-owned Lamil copper-gold project in the Paterson Province of Western Australia.

Encounter Resources said the surveys had “highlighted compelling new targets” at the Lamil project.

The Lamil project covers an area of around 61 square kilometres 25km northwest of the gold-copper mine at Telfer, owned by Newcrest Mining (ASX: NCM) and 40km north of Encounter’s own Yeneena copper-cobalt project, also in the Paterson Province.

Encounter completed an AEM Survey at Lamil in September 2019 to cover an area previously covered by an IP survey that was completed in August.

The geophysical surveys have combined to produce an enhanced geological interpretation and structural setting of the project area and have highlighted two new drill targets.

Target 1 is an untested chargeability anomaly below thick zones of copper-gold anomalism that was subjected to historical drilling by Newmont in the 1980s.

Targeting gold, this drilling intersected shallow thick zones of strong copper-gold anomalism.

The IP survey highlighted a semi-coincident chargeability anomaly below the broad zones of copper and gold anomalism intersected by the shallow historical drilling.

Encounter indicated this target will be drill tested by one or two diamond holes to a depth of 300 metres to determine if the chargeability anomaly represents a stronger accumulation of copper-gold mineralisation.

Target 2 is a group of untested IP chargeability anomalies discordant to stratigraphy.

These chargeability anomalies were identified across the three southern IP lines adjacent to a corridor of magnetic anomalism.

Historical drilling targeted on the magnetics intersected copper sulphide mineralisation.

The chargeability anomalies were not tested by the prior drilling.

Encounter is confident that drilling at Target 2 will determine if the chargeability anomaly represents stronger sulphide development associated with higher grade copper-gold mineralisation.

“The recently completed IP and AEM surveys have defined new compelling drill targets at Lamil,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“These surveys have also significantly enhanced the geological interpretation at Lamil where previous drilling has intersected thick zones of copper-gold mineralisation.

“These exciting new drill targets will be tested in an EIS co-funded drill program planned for early in the new year.”

Lamil has been awarded a competitive EIS co-funded drilling grant of up to $150,000, which is available from January 2020.

Encounter indicated the drill targets defined in the IP and AEM surveys will be tested in a co-funded drill program early in the new year.

 

Email: contact@enrl.com.au

Web: www.enrl.com.au

 

Musgrave Minerals Intersects High-Grade Link Lode at Break of Day

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the intersection of high-grade gold in a ‘link’ position joining the two main gold lodes at the Break of Day deposit on the company’s Cue gold project in Western Australia.

Musgrave Minerals recently completed a six-hole RC drill program at Break of Day that extended the high-grade gold mineralisation to the south as well as identifying a new high-grade ‘link-lode’ structure between the two main Twilight and Velvet gold lodes.

The company explained the identification of a high-grade ‘link-lode’ structure at Break of Day could hold some significance.

Linking structures are present in many Yilgarn gold deposits and have the potential to add lots of ounces and improve the economics of the deposits by increasing ounces per vertical metre within sections of the deposit.

Drill hole 19MORC037 was drilled to confirm a high-grade thicker section of the Break of Day system and test a new structural interpretation.

The hole identified a quartz dominant linking structure and gold lode assaying:

45 metres at 11.8 grams per tonne gold from 144m down hole, including 5m at 29.2g/t gold from 150m; and
23m at 16.2g/t gold from 166m.

Musgrave said it has yet to confirm the strike and plunge of the mineralisation in 19MORC037, which has made it difficult for the company to estimate the true width of the intersection at this time.

“Drill hole 19MORC037 (45m at 11.8g/t gold) was drilled to test a new hypothesis and structural interpretation and is a fantastic high-grade result for Break of Day on intersecting a potential new link-lode,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This result opens numerous possibilities and opportunities to discover additional lodes and grow the Break of Day resource.

“Break of Day continues to deliver consistent high-grades and a few nice surprises.”

Drill hole 19MORC031 was drilled 35m south of previous drill hole 19MORC015 (2m at 9g/t gold) and returned a high-grade result of:

6m at 5.6g/t gold from 126m down hole in 6m composite samples.

Hole 19MORC033 intersected:

2m at 3.3g/t gold.

This was encountered 50m down dip of 19MORC015 and Musgrave has interpreted this to indicate the mineralisation continues at depth and is plunging to the south.

Musgrave is already planning additional follow-up drilling that will be scheduled for Q1 2020, which the company expects to lead to a resource update in Q2 2020.

The Break of Day area is excluded from the Earn-in and Exploration Joint Venture Musgrave has with Evolution Mining (ASX: EVN).

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Carawine Resources Identifies New Victorian Porphyry Copper-Gold Targets

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced geophysical results from a detailed helicopter-borne magnetic and radiometric (heli-mag) geophysical survey completed at the company’s 100 per cent-owned Jamieson project in northeast Victoria, host to the Hill 800 and Rhyolite Creek prospects.

Carawine Resources declared the survey as an “outstanding success”, saying that it has provided support for the potential for porphyry targets beneath Hill 800 and Rhyolite Creek while confirming existing targets and providing a number of exciting new anomalies.

“Since establishing a link between mineralisation at Hill 800 and the potential for large gold and copper porphyry mineral systems at the Jamieson project we have been working to identify and refine targets for drill testing,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

Carawine had recently established the potential for gold and copper mineralisation at its Hill 800 prospect to be related to a copper-gold porphyry system.

This was based on its analysis of multi-element geochemical data and the recognition of an alteration pattern typical of porphyry mineral systems that followed the identification of several new prospects around Hill 800 with strong magmatic / porphyry geochemical signatures, and the recognition of two broad but distinct regional-scale magnetic anomalies at Hill 800 and Rhyolite Creek.

Having established this potential, Carawine has been working to advance its porphyry targets to the drill testing stage.

“Magnetic anomalies are commonly associated with mineralised porphyry systems and therefore provide excellent drill targets,” Boyd continued.

“The results from this detailed survey will be used to model the size and depth of each anomaly, which can then be prioritised for drill testing.”

Carawine explained that the detailed heli-mag survey data identified a number of new, individual magnetic anomalies from within the broad magnetic complex underlying the Hill 800 area.

A clear relationship between gold mineralisation has also been previously defined by drilling and surface geochemistry and the larger magnetic anomaly complex, highlighting each individual anomaly as high priority targets.

What has whetted the company’s interest is a discrete magnetic high north-west of the surface exposure of the Hill 800 deposit encompassed by a distinct magnetic low.

Current drilling at Hill 800 is testing the down-dip extensions to the deposit, which appears to be trending directly towards this discrete magnetic high.

This anomaly has therefore been prioritised for three-dimensional (3D) modelling to determine its size and depth prior to designing a program for direct drill testing

“Of particular interest is a magnetic high anomaly potentially down-dip from Hill 800, where we are currently drilling,” Boyd said.

“This anomaly is characteristic of the typical geophysical response from a mineralised porphyry copper-gold stock and is therefore high on the priority list for modelling and drilling.

“We look forward to updating the market with results of this work and the drill program design in coming weeks.”

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Alicanto Minerals Completes Geophyisal IP Survey at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed its maiden IP survey at the company’s Wolf Mountain copper-gold target area within the Bergslagen district of Southern Sweden.

Alicanto Minerals said the survey identified multiple new, large-scale IP chargeability and resistivity anomalies it believes may correspond to both disseminated and semi-massive sulphide bodies.

In line with the IP anomalies are rock chip results of up to 11.9 per cent copper and 2.9 grams per tonne gold across four separate mapped mineralised trends, over one kilometre strike that are completely open.

Alicanto said multiple IP anomalies were also identified under shallow cover that at this stage remain unsampled and undrilled.

The company explained that the IP only covers 300 metres of strike on regional scale alteration and the structures that have been identified and mapped by Alicanto geologists over 14km are still considered highly prospective for both high-grade and bulk tonnage copper-gold mineralisation.

The Wolf Mountain prospect is yet to be subjected to the drill bit and the company considers these newly identified IP anomalies as high priority drill targets.

“Our initial IP survey at the Wolf Mountain prospect has identified multiple undrilled, large-scale anomalies prospective for high-grade copper-gold mineralisation,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“Previously mapped, mineralised trends with coincident high-grade rock chips of up to 11.9 per cent Copper and 2.9 grams per tonne gold, are highlighted by the survey.

“However, excitingly, further large-scale targets have also been identified under thin glacial cover, and all targets are undrilled and remain open along strike.

“The IP was conducted to follow up on the recent identification of a regional scale greater than-14-kilometres long hydrothermal system at Wolf Mountain, considered prospective for high-grade and bulk-tonnage copper-gold mineralisation.

“The survey only partially covers a 300 metre portion of the identified mineralised trend and mineralisation is open in all directions providing great encouragement for further exploration.”

Alicanto is concurrently undertaking 1,000 metres of maiden diamond drill testing of multiple high-grade copper, zinc and gold targets at Naverberg and Oxberg.

“In addition to the proposed maiden diamond drilling at the advanced, high-grade Oxberg and Naverberg zinc-lead-copper-silver-gold VMS targets, Alicanto intends to advance the newly identified anomalies at Wolf Mountain to initial diamond drill testing in the next few months,” George continued.

“Further Geophysical surveys are also being planned and Alicanto will inform the market of these as the company proceeds.

“Industry leading geophysical consultants, Southern Geoscience, are also currently reinterpreting all of the historical and existing geophysical datasets from the region, with new target areas anticipated to drive the next phase of exploration and drilling on the project areas.

“In addition, results from the 12,000 metre diamond drilling program at the Arakaka gold project in Guyana, fully funded by NordGold SE, are anticipated in the near future.”

 

Email: admin@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

Trigg Mining Doubles Lake Throssell Project

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) has wasted little time since listing to complete three in-field exploration milestones at the company’s two Sulphate of Potash (SOP) projects near Laverton in Western Australia.

Trigg Mining completed a heritage survey with the Ngaanyatjarra traditional owners at the Lake Throssell SOP project, which led to the completion of the very first SOP sampling program across Lake Throssell, from which results are expected early in the next quarter.

The company was encouraged enough by the early sampling results produced that it has now applied for two additional tenements to the north and the south of Lake Throssell along the interpreted underlying palaeochannels, securing the palaeo-system and taking the project area to 752 square kilometres.

Elsewhere in the company’s portfolio, the first drilling program at Lake Hope Campbell within Laverton Links has also been completed with 1463metres of air core drilling across 20 holes testing the entire 100 kilometres of the palaeochannel.

Drilling targeted the gravity lows detected by the recently completed ground gravity survey in combination with the existing publicly available aerial electromagnetic (AEM) survey.

Trigg declared the drilling encountered traditional Goldfields style palaeovalley sediments including a lacustrine clay aquitard up to 50m thick and basal sand and gravel aquifer beneath the clay up to 40m thick.

The drill rig has now moved to Lake Rason where 500m of drilling is planned to supplement previous air core drilling results and will allow for an initial Mineral Resource estimate to be calculated.

“In just a few weeks since listing we have completed multiple significant milestones,” Trigg Mining managing director Keren Paterson said in the company’s announcement to the Australian Securities Exchange.

“At Lake Throssell – a heritage survey, reconnaissance sampling and additional tenement applications covering the Lake Throssell system have been completed.

“At Laverton Links we’ve finished the first drilling program at Lake Hope Campbell which encountered multiple intersections of up to 40 metres of basal sands and gravels.

“Assay results for the sampling programs are expected next quarter and initial mineral resource estimates to follow.

“I would like to take this opportunity to extend our gratitude to the of the Ngaanyatjarra, traditional owners of Lake Throssell, for their support in helping us to achieve the heritage clearance and for the cultural exchange we experienced.

“The field program will continue over the next few weeks with further drilling planned at Lake Rason and East Laverton and I look forward to keeping the market up to date on our rapid progress across both Projects with assay results and initial mineral resource estimates due next quarter.”

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au