Kairos Minerals Expands Pilbara Gold Project

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THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) announced further expansion to the company’s 100 per cent-owned Pilbara gold project in Western Australia.

Kairos Minerals advised the market it has secured a strategic tenement package it considers prospective for both intrusive-related gold and lithium discoveries.

The package includes the newly named Rocklea project that comprises two new Exploration Licence Applications (E45/5960 and E45/5961), while a new Exploration Licence Application (E45/6018) was added to the existing Lalla Rookh project.

The two Rocklea Exploration Licence Applications cover mainly the granitic rocks of the Sisters Supersuite intrusion, which is displaced by a northwest-southeast fault zone.

The new Lalla Rookh Exploration Licence Application primarily covers the paleoarchaean rocks of the Cleland and Callina supersuites.

Ultramafic rocks are mapped within the ELA and are considered prospective for gold and base metals mineralisation.

The Lalla Rookh historic gold mine sits approximately two kilometres south of the new tenement area.

“This is an exciting addition to our Pilbara gold project, which already encompasses a very large and strategic footprint in this Tier-1 mining and exploration district,” Kairos Minerals executive chairman Terry Topping said in the company’s ASX announcement.

“The new licence applications will increase our overall ground-holdings by 30 per cent to over 2,000 square kilometres, making us one of the largest land-holders in the central and east Pilbara with ground situated across a number of important strategic geological structures.

“The new Exploration Licences covering the Rocklea and Lalla Rookh projects are highly prospective for both Hemi-style, intrusive-related gold discoveries and LCT-style pegmatite lithium discoveries.

“This is another demonstration of our commitment as a long-term strategic explorer in the Pilbara region and further strengthens our deep pipeline of exploration opportunities.

“We look forward to the commencement of initial exploration activities including an airborne magnetic and radiometric survey.”

 

 

Email: info@kairosminerals.com.au

 

Web: www.kairosminerals.com.au

 

Ausgold to Commence Drilling Campaigns at Katanning Gold Project

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THE DRILL SERGEANT: Ausgold (ASX: AUC) is steeling itself, preparing for some serious drilling activity to commence at the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold anticipates the upcoming activity to build on the project’s existing 1.54 million ounce gold Resource.

A program of eight diamond drill holes is currently underway targeting key Resource areas within the Central and Southern zones that is expected to be completed soon.

This drilling is designed to support metallurgical and geotechnical studies at the KGP that are supporting feasibility studies targeted for early CY2022.

The company is also analysing over 18,500m of drilling results in existing Resource areas within the Central and Southern zones that are to be incorporated into a further Resource update aimed for Q1, CY2022.

A large-scale reverse circulation (RC) multi-rig drill campaign is scheduled to begin late October and continue through to early CY2022 with the primary focus on high-grade targets outside the existing Resource within the Central and Southern zones that were identified as part of over 18,500m of RC and diamond drilling completed since April.

But wait, there’s more. Ausgold plans a regional exploration program of 2,500m of auger and 30,000m of aircore drilling to test 12 high priority gold and PGE targets across its regional ground.

High-priority gold targets, including the Nanicup Bridge, Bullock Pool, Mutters and Burong targets, will be tested.

As well, a follow-up program will test potential identified earlier in the year at Woodanilling, including 1.3 per cent copper and 12.6g/t silver with elevated gold, zinc bismuth, cadmium, cobalt, titanium and zinc.

“Ausgold is at an exciting transition point heading into a large-scale drilling campaign where we are focused on our ambition for a multi-million-ounce Resource which will support a significant mining operation at the KGP,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“I look forward to a highly active summer period as we continue to build out scale at Katanning.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Peel Mining Continues High-Grade Mallee Bull Hits

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported assays from recent drilling at the company’s 100 per cent-owned Mallee Bull copper deposit, centred approx. 100 kilometres south of Cobar in New South Wales.

Peel Mining claimed the infill drillholes conducted during resource upgrade drilling confirmed additional high-grade copper and very high-grade zinc-lead-silver mineralised intercepts.

The latest assays from Mallee Bull resource upgrade drilling yielded further high-grade copper and very high-grade zinc-lead-silver mineralisation, including:

MBDD052
57 metres at 3.7 per cent copper, 39 grams per tonne silver from 614m

MBDD048
24.7m at 4.33 per cent copper, 33g/t silver from 414.3m, and 4.41m at 16.82 per cent zinc, 17.67 per cent lead, 109g/t silver, 0.45 per cent copper, 0.98g/t gold from 352.59m

MBDD040
10m at 3.41 per cent copper, 35g/t silver from 426m

MBDD039
20.7m at 2.28 per cent copper, 44g/t silver from 390.3m

MBDD051
9m at 13.11 per cent zinc, 12.83 per cent lead, 107g/t silver, 1 per cent copper, 1.57g/t gold from 395m.

“As anticipated, Mallee Bull is now delivering the broad high-grade copper intercepts we saw historically, with MBDD048 and MBDD052 yielding very impressive chalcopyrite-rich intersections,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.

“In addition, and as foreshadowed, the very high-grade zinc-lead-silver mineralisation seen in MBDD046 has now been repeated in nearby drillholes MBDD048 and MBDD051, substantiating the likely presence of a new, economically important, zinc-lead-silver lens.

“Drilling at Mallee Bull continues to advance well with approx. 75 per cent of the original resource definition program now completed.

“A review of drilling is currently underway seeking to optimise the resource upgrade outcome in anticipation of study work in the new year.

“Further results are anticipated to be received in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Predictive Discovery Releases Bankan MRE

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THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) released a JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s Bankan gold project, located in Guinea’s Siguiri Basin.

The total Inferred Mineral Resource has been estimated at 72.8 million tonnes at 1.56 grams per tonne gold for 3.65 million ounces of gold.

Predictive Discovery has reported the maiden MRE just 17 months since the Bankan project discovery drillholes were reported to the market, which the company said highlights the rapid growth of the Bankan project.

“We are delighted by the scale of this initial Mineral Resource Estimate which reflects excellent continuity of mineralisation and has been generated from 32,700 drilling metres,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“After only 17 months from announcement of the initial NE Bankan drill results, this is just the beginning of the Bankan gold discovery story.

“Our gold discovery success in such a small time period invites comparisons with the best gold deposit discovered in West Africa in the last decade – Fekola in Mali.

“Also announced 17 months after first discovery, the Fekola MRE contained 3.9 million ounces averaging 1.7g/t gold at a 0.5g/t gold cut-off grade and 3.1 million ounces averaging 2.4g/t gold at a 1g/t gold cut-off grade.

Today, Fekola’s 2021 production is projected to be 530,000 to 560,000 ounces at an AISC of US$745-785 per ounce, with current quoted resources (excluding mine depletion since 2017) at Fekola itself and nearby deposits totalling 7.6 million ounces.

“We are very well-funded to accelerate a drilling program to grow resources in both NE Bankan and Bankan Creek, increase drill density to increase confidence, and to quickly advance earlier stage regional prospects through to discovery and resource definition.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.predictivediscovery.com

 

Cazaly Resources Encounters New Halls Creek EM Conductors

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THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) recently completed a ground based Moving Loop Transient Electromagnetic (MLEM) survey at the company’s Halls Creek project in Western Australia.

Cazaly Resources reported the MLEM survey identified two substantial bedrock conductors at Mount Angelo North and Moses Rock.

The EM conductor at Moses Rock is located within the Koongie Park Formation, the same rock units that host the Mount Angelo North copper-zinc deposit.

The company explained that both EM conductors exhibit similar conductance however the southern target at Moses Rock is somewhat larger in scale than the conductor at Mount Angelo North, from which Cazaly has taken further encouragement of a potentially large massive sulphide discovery.

Recent reprocessing of historical Heli-TEM survey data also highlights these two areas and shows structural complexity at Moses Rock.

Cazaly has also recently completed diamond drilling at Mount Angelo North that intersected broad zones of copper and zinc mineralisation 70m below the current resource model.

The RC drilling confirmed good, consistent high-grade copper-zinc mineralisation, which marginally extended the known limits of the deposit and highlighted a potential new down plunge position for zinc mineralisation.

“The ground MLEM survey was designed to follow up on targets previously identified in historical airborne HeliTEM data,” Cazaly Resources CEO Tara French said in the company’s ASX announcement.

“The recent MLEM survey confirmed a target along strike to the southwest of Mount Angelo North copper-zinc deposit.

“A second larger scale target has also been identified at Moses Rock.

“This provides the company with further encouragement that the Halls Creek project has the potential to host more massive sulphide deposits hidden under cover.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au

 

 

Golden Mile Resources Meets Gateway Mining Gidgee Farm-in Conditions

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) announced a clear path for exploration activities to commence at the Gidgee project in the North-Eastern Goldfields of Western Australia.

Golden Mile Resources has been granted approvals providing clear access to further exploration at the Gidgee project.

The approvals mean the company has now met the conditions required to activate the operative provisions of the Gidgee Farm-in Agreement with Gateway Mining (ASX: GML), giving Gateway the right to acquire up to an 80 per cent interest in the Gidgee project.

“This is a long-awaited development for both companies and now with the farm-in agreement operating we look forward to Gateway progressing exploration on this significant landholding in the highly prospective Gum Creek Belt after several years without any significant activity,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Gidgee is prospective for both gold and base metal mineralisation and Golden Mile retains a 20 per cent interest allowing our shareholders to benefit from any exploration upside and success.

“This farm-in is consistent with Golden Mile’s strategy to concentrate resources on our core assets, specifically at Yarrambee and Yuinmery, where drilling programs are planned to commence over the coming months, and where we aim to create additional shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com.au

 

Web: www.goldenmileresources.com.au

 

DevEx Ramps-up Nabarlek Uranium Project Exploration

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THE DRILL SERGEANT: DevEx Resources (ASX: DEV) has commenced a multi-pronged exploration program across the company’s Nabarlek uranium project, located in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory.

DevEx Resources talked up the Alligator Rivers Uranium Province, saying it is considered amongst the world’s most prospective for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits.

DevEx recently carried out a comprehensive technical review of historical pre- and post-mine exploration data covering the Nabarlek project area, from which it has identified several exploration opportunities for uranium, copper and gold mineralisation.

The company explained the new exploration campaign will systematically test an extensive suite of targets it has identified from a project-wide technical review that commenced earlier this year in response to the improving outlook for the global uranium sector.

The new targets surround the historic high-grade Nabarlek uranium mine (past production: 24Mlbs at 1.8 per cent uranium) within the company’s granted Nabarlek Mining Lease and surrounding exploration tenements.

“Some months ago, we commissioned a project-wide technical review to re-evaluate the potential of Nabarlek and the surrounding tenure,”

“This has led us to revisit one of the company’s foundation assets, which comprises a dominant footprint in the heart of one of the world’s most endowed uranium provinces.

“We have been fortunate to inherit a treasure trove of data surrounding this significant historical uranium mine site.

“Our compilation and subsequent review demonstrates a wide range of exploration targets supported by numerous occurrences of uranium mineralisation throughout the project.

“Nabarlek is not a one-prospect project, it is an extensive piece of uranium-copper-gold real estate within a Tier-1 uranium province.

“We look forward to getting back on this exciting ground for a new round of exploration.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@devexresources.com.au

 

Web: www.devexresources.com.au

 

Yandal Resources Continues Gordons Gold Project Drilling Success

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THE DRILL SERGEANT: Yandal Resources (ASX: YRL) remains confident of new gold discoveries being made at multiple prospects at the company’s 100 per cent-owned Gordons gold project near Kalgoorlie in Western Australia.

Yandal Resources reported reconnaissance RC and Air-core drilling results from across the project it believes supports its confidence, including:

Star of Gordon Prospect – RC drilling

YRLRC630
10 metres at 8.4 grams per tonne gold from 43m, including 1m at 52.5g/t gold – located directly down dip from previously reported RC intercepts.

Malone Prospect – RC drilling

YRLRC619
8m at 1.3g/t gold from 88m, including 2m at 2g/t gold;

YRLRC638A
8m at 0.8g/t gold from 144m, including 1m at 4.6g/t gold; and

YRLRC638
20m at 0.6g/t gold from 92m and 4m at 0.6g/t gold from 140m to end-of-hole (4m composite assay).

Malone Prospect – Air-core drilling

YRLAC653
7m at 0.3g/t gold from 37m, including 1m at 0.9g/t gold; and

YRLAC657
6m at 0.8g/t gold from 43m, including 1m at 4.1g/t gold, and 4m at 2.3g/t gold from 53m, including 1m at 8.8g/t gold.

Bradman Prospect – RC drilling

YRLRC646
32m at 0.2g/t gold from 80m, 12m at 2.2g/t gold from 256m, including 4m at 5.2g/t gold and 4m at 1.8g/t gold from 284m (4m composite assay).

The Cleft Prospect – RC drilling

YRLRC610
2m at 14.4g/t gold from 88m including 1m at 24.3g/t gold; and

YRLRC609B
1m at 2.7g/t gold from 142m.

“RC drilling is continuing at the Gordons Dam and Star of Gordons prospects until numerous Aircore, RC and diamond drilling results are received from the Malone, Andrews and Bradman prospects in order to evaluate and prioritise new drilling targets,” Yandal Resources said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: yandal@yandalresources.com.au

 

Web: www.yandalresources.com.au

 

 

Horizon Minerals Updates Kalpini Minerals Resource

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) released an updated Mineral Resource Estimate (MRE) for the company’s Kalpini gold project, northeast of Kalgoorlie-Boulder in Western Australia.

Horizon Minerals explained Kalpini to be one of six core open pit and underground satellite gold projects being advanced to complement the company’s baseload Boorara gold project as part of a consolidated Feasibility Study to deliver a minimum five-year initial mine plan and underpin the establishment of a stand-alone centralised processing facility at the Boorara mine site.

The updated Mineral Resource Estimate (after depletion) now stands at 1.87 million tonnes at 2.33 grams per tonne gold for 139,000 ounces at a 0.8g/t gold lower cut-off grade and follows infill, extension and validation drilling completed at the Kalpini gold project that demonstrated both open pit and underground potential with width and grade continuity and mineralisation open along strike and at depth.

“Kalpini was acquired late in 2020 for $2.75 million and it is very encouraging to see excellent drilling results enabling an improved JORC 2012 Mineral Resource estimate with significant open pit and underground growth potential,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to completing the mine optimisation and design studies for Ore Reserve generation as part of the consolidated Feasibility Study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

 

Eagle Mountain Mining Highlights Talon Zone Potential at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported on recent activites at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain Mining received assays for three drill holes recently carried out at The Talon Zone.

Very thick mineralised interval was encountered in WT-21-31, including five high-grade zones:

91.5m fully diluted at 1.37 per cent copper, 10.86 grams per tonne silver and 0.38g/t gold, including 9.7m at 3.39 per cent copper, 29.65g/t silver and 0.67g/t gold, and
11.7m at 1.9 per cent copper, 15.22g/t silver and 0.52 g/t gold, and
14.8m at 1.62 per cent copper, 11.93g/t silver and 0.53g/t gold, and
8.7m at 2 per cent copper, 15.2g/t silver and 0.4g/t gold, and
8m at 1.9 per cent copper, 13.92g/t silver and 0.85g/t gold.

High-grade intersections were also encountered in drill hole WT-21-32 (previously reported as visual observation):

28.9m at 2.34 per cent copper, 21.95g/t silver and 0.37g/t gold, including 13.2m at 3.53 per cent copper, 33.89g/t silver and 0.54g/t gold, and
1.4m at 9.99 per cent copper, 147g/t silver, 2.83g/t gold.

“What a week for the Western Talon!” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“WT-21-32 has delivered the best assayed intersection of our resource expansion program so far.

“While we were assessing the significance of these strong results, hole WT-21-31 presented a very thick mineralised interval in the southernmost hole we have drilled at Oracle Ridge.

“The five high-grade zones within this intercept are individually significant in their own right; the fact that they occur in the same hole make for yet a further exciting result.

“The results from drill holes WT-21-32 and WT-21-31 justify our belief in the exploration potential of The Talon zone.

“Recent drilling has provided great insight into the geology of The Talon and suggests a potential strike length of over 500 metres.

“Mineralisation outside of this strike extent remains open within the magnetic geophysical anomaly which defines The Talon.

“We are eagerly continuing to drill this area as we are now driven by a new geological model.

“We are also planning additional drill pads and access roads to reach further to the south and southeast tip of The Talon.

“Twelve months ago, we had just commenced drilling at Oracle Ridge with one rig on a 20 days on, 10 days off roster and a small team.

“Today we have three rigs drilling full time, a large and motivated team and some outstanding results to celebrate with our shareholders following our first year of drilling at Oracle Ridge.”

Eagle Mountain also announced completion of a $16 million raising, funds from which will be used to advance Oracle Ridge.

“We are delighted with the level of support received from prominent institutional and sophisticated investors as well as welcoming new shareholders to the Eagle Mountain share register,” Mason said.

“We would like to thank existing shareholders for their continued support in the Placement.

“In particular, I wish to thank our managing director, Charlie Bass, who continues to financially support the company, testament to his ongoing confidence in the Oracle Ridge project.

“The Placement was very well supported with demand significantly exceeding the funds being sought.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au