Miramar Resources Reports Strong Gold Hits at Gidji

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported new aircore drilling results from the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources said the new results had resulted from aircore holes drilled at the Marylebone, Railway, Piccadilly and 8-Mile targets and have continued to reinforce the potential for one or more new gold discoveries at Gidji.

The company has determined the Marylebone target comprises at least four parallel zones of coherent aircore gold mineralisation, stretching over almost two kilometres of strike, which are related to contacts between mafic and ultramafic rocks like the Paddington and Panglo deposits along strike to the northwest.

The recent drilling outlined a new zone of gold anomalism greater than 0.25 grams per tonne gold, west of previous drilling, which is at least 1km long returning a result at its northern end of:

GJAC426
6 metres at 1.23 grams per tonne gold.

New drilling within the central target zone included two holes drilled either side of earlier holes that did not reach basement.

The new holes encountered:

GJAC428
1m at 2.63g/t gold; and

GJAC429
5m at 1.21g/t gold.

Both new holes encountered high-grade gold in weathered basement directly beneath the unconformity with the transported material.

“Marylebone continues to deliver significant aircore results from each program, which increases our confidence that there could be a significant new gold discovery to be outlined,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“After four aircore programs of relatively wide-spaced holes, we still have not yet determined the full extent of the Marylebone footprint, which is currently about two kilometres long, and still growing.

“In addition, even though our focus has been mostly on defining the extents of the Marylebone target, we have also continued to test other targets that add to the developing opportunity at Gidji.”

Miramar has interpreted the recent results to show the Marylebone target now apparently closed off at the south-eastern end but remains open along strike to the northwest onto the company’s recently granted tenement applications.

Miramar plans to extend its aircore drill coverage to the northwest, as well as conducting selected infill holes, with plans to complete this drilling by the end of 2021.

The aim of the next aircore drilling campaign will be to refine targets for RC drill testing in early 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

 

Rox Resources Improves Youanmi Deeps Gold Extraction

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) with Joint Venture partner Venus Metals Corporation (ASX: VMC) reported on recent metallurgical testwork conducted on the Youanmi Deeps Resource, located within the OYG JV area (Rox 70% and Manager, VMC 30%) in Western Australia.

The JV is undertaking development studies into potential future production at the Youanmi gold project.

The recent work is a preliminary part of the study to establish processing pathways to optimise gold recovery prior to progressing to more extensive and detailed ‘feasibility study level’ metallurgical testwork.

Rox reported that the testwork demonstrated a well understood pathway to very high gold recoveries, something which was not achieved in the 1990s.

Historical production at the mine averaged 86.8 per cent gold recovery, with new testwork improving extraction to 95.6 per cent.

Further testwork in combination with the costing studies is expected to determine the optimal and most economical feasible process solution, exploring various other suitable processes.

“In June 2021 we reported a 30 per cent increase in the Youanmi Deeps Resource, and now we are pleased to report that advances in gold extraction technology over the last 30 years (since GMA built its processing plant) have made a significant difference in gold recovery,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“Preliminary metallurgical testwork indicates a 10 per cent increase on historical gold recoveries by utilising a pressure oxidation leach process (i.e. POX).

“Furthermore, we look forward to results of (scoping level) process plant design and costing later this year being undertaken by Como Engineers who have a long track record of success for both design and development of similar sized gold processing facilities in WA with a variety of flowsheet designs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Trigg Mining Releases Scoping Study for Lake Throssell Sulphate of Potash Project

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THE DRILL SERGEANT: Trigg Mining (ASX: TMG) released results of a Scoping Study completed on the company’s 100 per cent-owned Lake Throssell Sulphate of Potash (SOP) project located in the Eastern Goldfields of Western Australia.

Trigg Mining explained the Study was underpinned by the upgrade of a portion of the total drainable Mineral Resource to the Indicated category.

A total drainable Indicated Mineral Resource estimate of 4.2 million tonnes of SOP at 4,770mg/L potassium (or 10.6kg/m3 K2SO4) has taken the total drainable Mineral Resource to 14.4 million tonnes at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4).

The company informed the market that the Scoping Study results have confirmed the potential for the Lake Throssell SOP project to be a low-cost, long-life producer of natural sulphate of potash for food production.

Source: Company announcement.

“The completion of a Scoping Study is a huge milestone for the Trigg team, for our shareholders and for those who have supported us since we listed on the two years ago,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“The Scoping Study outcomes strongly vindicate our long-held belief that Lake Throssell is a potential company-maker – a high-quality, long-life asset which can transform Trigg into a modern, sustainable Australian SOP producer with a Top 10 globally competitive project.

“The key attributes of the project are clearly highlighted in this Study – the scale and quality of the Resource, its Tier-1 location, proximity to infrastructure and ability to support a multi-decade operation which can also deliver a number of exceptional ESG outcomes.

“Apart from the social and economic benefits it will provide, the project utilises solar evaporation to produce a natural fertiliser essential for global food security.

“This is a defining moment for Trigg and provides investors with a clear picture of the economic potential of Lake Throssell as a long-life, low-cost project that can ultimately provide dividends to shareholders.

“Our methodical and focused approach to developing the project will continue as we leverage the key learnings from the new potash industry currently being developed in Western Australia.

“We are very excited about the opportunities in front of us and we are looking forward to progressing the Project to the next stage with a Pre-Feasibility Study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

AuTECO Minerals Encounters New Pickle Crow Gold Zone

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THE DRILL SERGEANT: AuTECO Minerals (AUT: ASX) claimed the making of a high-grade gold discovery at the company’s Pickle Crow gold project in Canada.

AuTECO Minerals reported the Tyson discovery, saying the vein system consists of at least three persistent quartz-carbonate-scheelite-gold veins.

Mineralisation within the vein structures has been encountered over an interpreted strike of approx. 400 metres and at depths exceeding 800m below surface.

Recent drilling intersections include:

AUDD0173
2.8 metres at 17.9 grams per tonne gold from 578.3m;

AUDD0152
1m at 30.1g/t gold from 546m;

AUDD0173
5.5m at 4.1g/t gold from 566.5m; and

AUDD0166 W1
1.1m at 10.4 g/t gold from 665.05m.

AuTECO stressed the Tyson veins are outside of the Inferred Resource the company had recently reported of 1.7 million ounces at 8.1 grams per tonne gold and demonstrate the potential to continue to grow the Resource with focused and systematic exploration.

“The discovery of another significant vein system demonstrates yet again the exceptional quality and the immense potential which still remains at Pickle Crow,” AuTECO Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“This discovery also provides more evidence of how under-explored Pickle Crow is and in particular, the lack of modern exploration conducted there.

“We will continue drilling at Tyson to extend the known mineralisation and also infill drill it with the aim of bringing it into the Resource.

“With a fifth rig arriving within the next month, we are on track to deliver the current 50,000 metres drill program on budget and on schedule.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com

 

Web: www.autecominerals.com

 

Alto Metals Claims New Juno Gold Discovery

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THE DRILL SERGEANT: Alto Metals (ASX: AME) claimed a new gold discovery from recent RC and Diamond drilling at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals announced the discovery of the Juno gold zone, as well as reporting further thick, high-grade gold assay results from RC drilling below the Lord Nelson pit, as part of the recently program.

Lord Nelson is hosted at the northern tip of a large granodiorite intrusion, that is more than three kilometres long and up to 600 metres wide and has had limited drilling below 100m depth.

The new Juno discovery, described as an, “undiscovered extension of the new mineralised zone”, below Lord Nelson pit was identified via RC drilling along the southern extent of the Lords Corridor, up to 600m south of the Lord Nelson pit.

Assay results from the Juno discovery, include:

SRC443
13 metres at 5.1 grams per tonne gold from 162m, including 3m at 17g/t gold from 168m;

SRC444
23m at 1.7g/t gold from 141m, including 5m at 5.4g/t gold from 154m; and

SRC449
22m at 1.6g/t gold from 135m, including 5m at 5.5g/t gold from 152m.

“The results from the new Juno lode are outstanding, with high-grade mineralisation intersected further along the Lords corridor, and clearly demonstrates the potential for further growth,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Juno is considered a previously undiscovered extension of the mineralised zone below the Lord Nelson pit, outside the current resource, which currently extends for over a kilometre strike and remains open.

“At the same time, we have also hit further thick, high-grade mineralisation from deeper drilling beneath the Lord Nelson pit, with SRC432 returning 45m at 3.2g/t gold, including 5m at 17.5g/t gold, which was drilled approximately 30m north SRC423 and returned 48m at 3.4g/t gold, demonstrating the continuity of mineralisation, outside the current resource.

“The nature and style of mineralisation that we see at the Lord’s granodiorite, with gold mineralisation within the granodiorite ‘damage zone’ and high-grade gold along the margin of the ultramafic contact, is very similar to that of the Tarmoola granodiorite at Red 5’s King of the Hills.

“This is very encouraging as it highlights the scale of what we potentially may have at the Lords Corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Alchemy Resources Running High-Resolution UAV Magnetic Surveys at Karonie

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) is set to run high-resolution UAV magnetic surveys at the company’s 100 per cent-owned Karonie project in Western Australia.

Alchemy Resources explained it expects the surveys will provide a better understanding of the areas defined from the recent field mapping and aid in interpreting basement geology and mineralisation trends.

Alchemy is planning to drill test these areas shortly.

To refine the targets for drill testing, Alchemy has commissioned detailed UAV magnetic geophysical surveys to be conducted over the structures to the north of the existing Taupo and KZ5 resources, Karonie east and to the south at the new greenfields Western Brown lakes target and the Gilmore trends.

Results and interpretation of the magnetics data are expected to be completed in late October.

“Concurrent with our proposed drill programs, we have engaged Pegasus Airborne Systems to complete a very detailed drone based geophysical survey over high priority areas at Karonie,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“I am very keen to define the structural framework that potentially hosts mineralisation north and south of the nearby Aldiss Mining Operations, which remains poorly tested by modern exploration methods.

“The geophysics will give us the detail needed to ensure our target generation is efficient and any follow-up drilling planned is as effective as possible.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

 

Dreadnought Resources Drilling at Tarraji-Yampi

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced commencement of RC drilling at the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources indicated the RC drilling has kicked off with a total of 30 holes planned at the Orion, Fuso and Grant’s Find prospects.

The drilling will commence at Orion (23 holes) followed by Fuso (4 holes), Grant’s Find (3 holes) with follow up drilling undertaken based on the results of initial drilling and down hole EM (DHEM) surveys.

The drilling at Orion will follow up on a previous massive sulphide intersection of:

KMRC017
12 metres at 1.6 per cent copper, 31.7 grams per tonne silver and 0.5g/t gold from 45m;

…and will test along strike, at depth and for shallow supergene mineralisation.

“We are embarking on a 30+ hole RC drill program that will follow up on the significant intercepts at Orion, Fuso, and Grant’s Find,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“In addition, we will test a further six high quality magnetic/EM anomalies.

“Orion, Fuso and Grant’s Find are considered to be part of a large mineralised system and this program will provide the framework to determine the scale of the opportunity.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

 

Latitude Consolidated Commences Murchison Phase 2 Drilling

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) has kicked off its Phase 2 exploration program for the company’s Murchison gold project in Western Australia.

Latitude Consolidated will commence drilling at the Turnberry South target location with RC drilling infilling and testing a thick high-grade south plunging shoot.

This will be followed by drilling at Turnberry Central were broad high-grade mineralisation remains open at depth.

In addition to the RC drilling, Latitude has diamond drilling service provider on board, ready to mobilise to site in the December quarter to complete diamond tails for several deeper targets within the Turnberry Central zone.

To keep things moving, aircore drilling is scheduled to commence at St Anne’s in the December quarter as drilling at Turnberry concludes, with the company eager to follow up previous broad high-grade drill results at that prospect where anomalous gold is observed over 500m of strike.

“We are excited to be getting our second exploration field program underway at the Murchison gold project,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“Our Phase 1 exploration program, which we completed earlier this year, was designed as an advanced greenfield program testing a number of areas on our tenure where previous exploration has shown there to be high-grade mineralisation.

“Our drilling confirmed this and provided valuable information as we advance each of those prospects.

“Our upcoming Phase 2 exploration program is a very targeted brownfield drilling program focussing on the near mine high-grade mineralisation which is important for both growth and confidence in the resources as the company advances the project to development ready.

“We are exceedingly confident in the quality of our Murchison gold project, and I look forward to providing further updates over the coming weeks as the exploration program progresses.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

Web: www.latitudeconsolidated.com.au

 

Matsa Resources Updates Fortitude Optimisation Study

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) reported results from a recently updated scoping study for the Fortitude Pit, at the company’s Lake Carey gold project in the Eastern Goldfields of Western Australia.

Matsa Resources said the study had determined the Fortitude Pit would produce a potential cash surplus of $95 million over an estimated mining period of four years based on Matsa’s proposed 600,000 tonnes per annum processing plant.

A sensitivity review was also carried out that indicated the project to be robust with potential for improvement from lower mining and processing costs by utilising a larger mining fleet and a bigger processing plant.

The revised optimisation has been driven by the recently announced revised Minerals Resources Estimate for Fortitude, which stands at 8,048,000 tonnes at 1.9 grams per tonne gold for 489,000 ounces and represents a 43 per cent increase in resource ounces from this time last year.

“This is a fantastic result, Lake Carey just keeps getting better and whilst more work will improve the economics of the Fortitude mine, on face value it alone now justifies the mill strategy,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“The Devon and Fortitude open pits alone could now provide collective positive cash flows of $140 to $150 million and with ongoing exploration in this great project, I’m very confident we can continue to build on this result.

“This study was completed using a gold price of $2,400 per ounce for the optimisation and the results have effectively doubled the mine life and gold production.

“What’s also really pleasing is that 95 per cent of the ounces in this bigger pit are in the Measured and Indicated categories.

“I’m also very confident we can improve on this projection with the lower cost structures you would expect from a larger mill than the 600,000 tonnes per annum currently envisaged and I expect the larger pit should also provide an improved scheduling and cost structure scenario.

“The exploration potential at Lake Carey is significant.

“Importantly, we’ve already commenced underground studies at Fortitude, if we can add an underground component to the Fortitude open pit this could be very interesting indeed.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

Web: www.matsa.com.au

 

Zenith Minerals Commencing New Split Rocks Drill Program

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THE DRILL SERGEANT: Zenith Minerals has begun a major infill and extensional aircore (AC) drill program targeting key targets within the compapny’s Split Rocks gold project in Western Australia.

Zenith Minerals has the program, consisting approx. 100 additional holes, underway at the Dulcie Far North, Dulcie North, Scott’s Grey and Estrella prospects.

The company recently completed another program of 100 AC drilling holes that confirmed and upgraded these and other targets.

The current AC program is anticipated to be followed by RC drilling on these near surface gold results and at the adjoining Dulcie targets (Dulcie Laterite Pit & Water Bore).

“We have now identified multiple mineralised structures that extend over a cumulative strike of more than three kilometres,” Zenith Minerals chairman Peter Bird said in the company’s ASX announcement.

“This phase focuses on testing the continuity of gold mineralisation within the individual shear zones as we work towards building gold inventory later in the year.

“At that point real value can be ascribed to the property.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@zenithminerals.com.au

Web: www.zenithminerals.com.au