Miramar Resources Identifies New EM Targets

/in , /by

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of a review of historical data, from which it has identified multiple electro-magnetic (EM) conductors.

Miramar Resources has identified the EM conductors within the Dooley Downs tenement application (aka E09/2484) within the company’s Bangemall nickel-copper-PGE project in the Gascoyne region of Western Australia.

E09/2484 is one of seven 100 per cent-owned granted Exploration Licences and/or Applications held by Miramar in the Bangemall region.

The company believes the Bangemall project to be prospective for craton-margin nickel-copper-PGE mineralisation, such as that discovered at Nova-Bollinger and Nebo-Babel, and the giant Norilsk and Voisey Bay deposits.

Miramar plans to model the EM data and will field-check the anomalies once the tenement is granted.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Aurumin Encounters High-Gold-Grades at Mt Dimer

/in , /by

THE DRILL SERGEANT: Aurumin (ASX: AUN) reported assay results from recent Reverse Circulation (RC) drilling undertaken at the company’s 100 per cent-owned Mt Dimer project, north-east of Southern Cross in Western Australia.

Aurumin conducted the RC drilling at seven deposits and prospects across the Mt Dimer project.

Mt Dimer is a historical high-grade production centre that produced over 125,000 ounces of gold, including open pit and underground production of 600,000 tonnes at 6.4 grams per tonne gold.

Drilling highlights included:

Lightning

LTRC2106
4 metres at 48.69 grams per tonne gold from 104m, including 1m at 153.5g/t gold from 106m;

LO3

L03RC2106
5m at 19.26g/t gold from 61m, including 1m at 54.8g/t gold from 62m; and

L03RC2107
8m at 5.7g/t gold from 100m, including 1m at 21g/t gold from 102m.

T12

TMDRC2101
4m at 2.76g/t gold from 15m, including 2m at 4.02g/t gold from 16m; and

TMDRC2102
8m at 2.58g/t gold from 22m, including 2m at 4.4g/t gold from 26m.

“This is a tremendous intercept at the historically high-grade Mt Dimer production centre,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“These latest results both extend known mineralisation and progress T12 towards being declared a new deposit, further supporting our view of Mt Dimer having potential for multiple high-grade open pits.

“We are continuing to improve our understanding of the project, and these results support our revised interpretation of lithology, fluid pathways and prospective areas.

“Drilling is planned to recommence at Mt Dimer next month as we look to follow up these high-grade intercepts and increase the value of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurumin.com.au

 

Web: www.aurumin.com.au

 

Auroch Minerals Commences Nepean and Saints Scoping Studies

/in , /by

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced commencement of scoping studies at both its Nepean (Auroch Minerals 80%) and Saints nickel projects in Western Australia.

Auroch Minerals is conducting the studies to evaluate the economic viability of several mining scenarios at Nepean, including an initial open-pit mine of the known shallow high-grade nickel sulphide mineralisation which it believes could generate cash flow in the short to medium term, as well as potential underground mining scenarios of the known high-grade nickel sulphide mineralisation.

A scoping study of potential underground mining scenarios at the high-grade Saints nickel project will be run in parallel to the studies at Nepean, looking at taking advantage of synergies between the projects to reduce the overall costs of the studies.

Saints currently hosts a high-grade JORC 2012-compliant Resource of 1.05 million tonnes at 2 per cent nickel and 0.2 per cent copper for over 21,000 tonnes of contained nickel.

Auroch has an existing offtake agreement in place for Saints with BHP Nickel West.

Ore from the historic nickel mine at Nepean, when in production, was processed at the Kambalda Nickel Operations that BHP is currently preparing to re-start early next year.

Auroch has initiated the scoping studies to build upon these existing relationships with BHP and evaluate the viability of several mining scenarios that may lead to nickel sulphide production and cash flow in the medium term.

“We are very pleased to join forces with P1 Australasia and initiate scoping studies at our Saints and Nepean nickel sulphide projects,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“With the nickel price consistently around US$19,000 per tonne and forecast to increase, we believe there is great potential to take both projects forward to production and hence generate significant cash flow for the company in the medium term, and so we are eager to evaluate the economic viability for several different mining scenarios at these two projects.

“We have developed a good relationship with the processing team at BHP and have an existing off-take with them for Saints, so we are keen to develop this further and to potentially build a solid business case to provide high-grade nickel sulphide feed for their processing facilities to produce Class 1 nickel products required for batteries for the fast-growing electric vehicle (EV) market.

“Parallel to these studies, we continue with our aggressive exploration for a new nickel sulphide discovery across all three of our WA nickel projects.

“Our exciting Nepean Deeps diamond drill program beneath the historic Nepean nickel mine is currently underway, with the first hole NPDD008 on target and on schedule at a depth of approx. 400 metres.

“The hole is planned to reach a depth of 1,200 metres and we look forward to keeping the market informed of its progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Alchemy Resources Lays Karonie Foundation with Maiden Resource Estimation

/in , /by

THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) reported the maiden JORC 2012 Mineral Resource Estimate for the Taupo, KZ5 and Parmelia deposits at the company’s 100 per cent-owned Karonie gold project, located east of Kalgoorlie in Western Australia.

The deposit combination has been estimated for Karonie to currently contain 2.96 million tonnes at 1.2 grams per tonne gold for 111,100 ounces of gold.

“The maiden JORC 2012 Mineral Resource Estimate of 111,100 ounces of gold at Karonie establishes a solid base for growth in the centre of our 100 per cent-owned Karonie Gold Project,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“Importantly this is a high quality, independently conducted resource estimate which is largely contained within the top 150 metres and remains open at depth and along strike at all three deposits.

“The current resource footprint covers less than two kilometres combined of the +85km strike length of the Karonie tenement package, which has active mining operations along the length of the same highly prospective structures.

“That leaves a lot of real estate along strike and at depth for future growth.

“Moving forward from the central resource, our strategy is to expand on the resource inventory by heading initially to the southern Karonie areas for our Phase 2 drill program, and then to the north towards Manhattan for Phase 3.

“We will also be targeting high grade gold resources in the far south areas at Karonie where data mining of historical drilling assays has revealed strong potential for high grades close to surface which have not been followed up in nearly 20 years.”

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

 

Poseidon Nickel Receives Final Golden Swan Assays

/in , /by

THE DRILL SERGEANT: Poseidon Nickel (ASX: POS) released the final batch of assays results received from the Resource Definition drilling program at the Golden Swan deposit within the company’s Black Swan nickel project in Western Australia.

Poseidon Nickel commenced the Resource Definition drilling program in April 2021 that was designed to increase confidence in the continuity of the Golden Swan mineralisation to JORC 2012 Inferred and Indicated levels.

The latest results include:

PGSD053
3.8 metres at 5.06 per cent nickel from 245.6m, including 0.6m at 12 per cent nickel from 245.6m, and 3.1m at 2.21 per cent nickel from 262.9m, including 0.3m at 8.59 per cent nickel from 262.9m;

PGSD054
0.55m at 4.22 per cent nickel from 182.7m;

PGSD056
2.5m at 3.58 per cent nickel from 270.5m, including 0.45m at 7.59 per cent nickel from 270.5m; and

PGSD059
5.15m at 8.62 per cent nickel from 227.35m, including 3m at 12 per cent nickel from 227.35m, including 0.65m at 13.9 per cent nickel from 227.35m, and 1m at 7.32 per cent nickel from 228m, and 0.5m at 13.1 per cent nickel from 229m, and 0.5m at 14.7 per cent nickel from 229.5m, and 0.35m at 16.1 per cent nickel from 230m.

“The Golden Swan Resource definition drilling program has been completed and all assay results have now been received,” Poseidon Nickel managing director and CEO Peter Harold said in the company’s ASX announcement.

“The final batch of assays had some good widths and grades.

“Now that all the assay results have been received the consultant geologists have commenced work on determining the maiden resource which is on track to be delivered in late September.

“Drilling is continuing on the Southern Terrace where we are looking for more Golden Swan style high-grade mineralised zones.

“Three holes have been drilled to date and a down hole EM crew is due on site this week to survey those first three holes.

“The Silver Swan Reserve Upgrade drill program, designed to increase the high-grade nickel mining inventory at Black Swan, and test for extensions is also underway.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@poseidon-nickel.com.au

 

Web: www.poseidon-nickel.com.au

 

Thor Mining Records Further High-Grade Copper Hits

/in , /by

THE DRILL SERGEANT: Thor Mining (ASX: THR) reported follow-up copper and gold intercepts from a recently completed initial diamond drilling program at the company’s Alford East copper-gold project in South Australia.

Nine diamond drillholes have been completed to date, with assays received for three drillholes – 21AED001, 21AED002, and now 21AED005.

Latest news from the lab returned an exceptional high-grade copper intercept over a wide interval of:

21AED005
72.7m at 1.0 per cent copper and 0.19 grams per tonne gold from 6.3m, including 18.2m at 2 per cent copper and 0.34g/t gold from 15.8m.

This follows-on from assays announced last week by Thor of other copper-gold intercepts including:

21AED001
32.9m at 0.4 per cent copper and 0.31g/t gold from 81.5m, and 5m at 0.5 per cent copper and 1.02g/t gold from 102m; and

21AED002
59.9m at 0.31 per cent copper from 21.9m.

“The newly discovered broad zone of high copper and gold grades from near surface in 21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes this oxide mineralised system to a new level, reporting values well above the Mineral Resource Estimate grades,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“The confirmed uplift in copper and gold grades along the controlling NNE structure continues to excite and exceed Thor’s expectations.

“We look forward to testing this structure in areas open along strike, to the north and south.

“Pump testing scheduled for start of September will further advance the In-Situ Recovery (ISR) ‘proof of concept’ hydrometallurgical assessment.

“Exciting times ahead as we await final assay results from this drilling campaign and commence the ISR for copper and gold baseline studies.”

The Alford East Copper-Gold Project is located on EL6529, where Thor is earning up to 80 per cdent interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529.

The Alford East project covers the northern extension of the Alford Copper Belt, located on the Yorke Peninsula.

The Alford Copper Belt is a semi coherent zone of copper-gold oxide mineralisation, within a structurally controlled, north-south corridor consisting of deeply kaolinised and oxidised troughs within metamorphic units on the edge of the Tickera Granite of the Gawler Craton.

Thor completed an inferred Mineral Resource Estimate (MRE) in January 2021 from historic drill hole information of 125.6 million tonnes at 0.14 per cent copper containing 177,000 tonnes of contained copper and 71, 500 ounces of contained gold.

 

 

TO READ THE PREVIOUS ANNOUNCEMENT: CLICK HERE

 

 

Email: corporate@thormining.com

 

Web: www.thormining.com

 

Kin Mining Drills Cardinia Gold Project Expansion

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from extended exploration drilling carried out at the company’s Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining completed a program of Reverse Circulation (RC) drilling at the Eagle‐Crow target targeting below previously reported high‐grade air‐core drilling intercepts.

The drilling intersected several zones of shallow, high‐grade gold mineralisation extending over a strike length of 500 metres at Eagle and two zones, each extending over approximately 400m of strike, at the Crow target.

The company said the results reinforce its view that Eagle‐Crow, located 2km west of the CGP, offers potential for an emerging gold discovery on the western side of Cardinia and that the Cardinia Hill trend holds plenty of discovery potential subject to additional drilling.

The highlights reported from the Eagle‐Crow prospect include:

CW21RC013
17 metres at 3.78 grams per tonne gold from 43m, including 4m at 5.45g/t gold from 43m, and 3m at 12.9g/t gold from 54m;

CW21RC011
6m at 4.19g/t gold from 13m;

CW21RC006
3m at 2.03g/t gold from 29m; and

EG21RC446
5m at 3.1g/t gold from 55m.

“The Eagle‐Crow area on the western side of the CGP is continuing to show great promise,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This is the first deeper RC drilling below the encouraging air‐core intercepts reported earlier this year, and we are very encouraged by the results.

“Drilling has clearly demonstrated the potential for multiple zones of shallow, high‐grade gold mineralisation which require further drilling to confirm their geometry and continuity and lay the foundations for future resource estimation.

“However, we can see clear potential in this area to delineate additional deposits with the potential to make a meaningful future contribution to our Resource inventory.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Ausgold Extends Mineralisation at Katanning South

/in , /by

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling undertaken in the Southern Zone at the company’s 100 per cent-owned Katanning gold project in Western Australia.

The company explained its current focus is on the potential for a larger scale Resource through drilling the Southern Zone, which includes the Rifle Range, Dingo and Lukin areas along a total strike length of eight kilometres.

These areas have demonstrated promising early results, which include extensive and broad zones of high-grade gold mineralisation showing the potential to expand the scale of the total gold Resource at the KGP

The recent drilling delivered extensive and broad zones of gold mineralisation, including:

BSRC1229
11m at 1.89 grams per tonne gold from 59m, including 6m at 2.98g/t gold (Dingo)

BSRC1228
12m at 1.29g/t gold from 75m including 5m at 2.11g/t gold (Dingo)

BSRC1148
3m at 0.5g/t gold from 42m, 3m at 1.18g/t gold from 129m, 3m at 0.39g/t gold from 149m and 1m at 1.8g/t gold from 156m (Lukin)

BSRC1149
4m at 0.67g/t gold from 111m and 2m at 0.64g/t gold from 168m (Lukin)

“The early results from the Southern Zone continue to show promise, with drilling returning widespread and significant zones of high-grade mineralisation,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“This early view supports our thesis that there is potential to further expand our existing 1.54 million ounces Resource significantly to the south.

“We also continue to scale up, with the appointment of an experienced exploration manager, as we commence diamond drilling in both the Southern and Central Zones that will support upcoming geotechnical and metallurgical testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Alchemy Resources Identifies New Karonie South Drill Targets

/in , /by

THE DRILL SERGEANT: Alchemy Resources has identified new drill targets in the southern portion of the company’s 100 per cent-owned Karonie gold project in Western Australia.

Alchemy Resources completed field mapping in Q2CY21 that was part of a review focussed on defining drill targets from “camp scale” prospective areas that had been defined in the Karonie Structural Review which the company completed earlier this year.

The upshot from this field work is five high- priority drill targets along a prospective corridor immediately south of the Aldiss Mine currently operated by Silver Lake Resources (ASX: SLR).

The targets include the new greenfields, Western Brown lake target which has seen no exploration of any kind over a four square kilometres area.

Other targets include, Gilmour, Challenger, Challenger South and Esplanade which have seen no modern exploration since the early 2000s.

Phase 2 drilling is planned to test the southern areas of the Karonie tenements that contain the Challenger, Gilmore and Esplanade targets.

“The detailed mapping program has identified some excellent walk-up drill targets to test in the second half of 2021,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“We are excited to get rigs back on the ground in an area which hasn’t seen any modern exploration in 10-20 years.

“The identification of the new greenfields Western Brown target is also very promising, and this area is now a priority target for RC drilling in coming months.

“Western Brown is a large lake target with classic geological and geophysical indicators and has had no exploration of any kind.

“Near term we expect to get drone magnetics flying to better refine our targeting prior to drilling in the second half of this year.”

 

 

 

Email: info@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Dreadnought Resources Drilling Points to Potential Large System at Tarraji-Yampi

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) managed to get a few assays rushed through the lab of one-metre samples from a recently completed RC drilling program at the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Of the total of 1,542 samples collected during the drilling program, 283 were rushed with the remaining assays expected in September 2021.

The assay results received include drilling at the Orion, Grant’s Find and Fuso targets, returning:

Orion

KMRC0107
12 metres at 1.6 per cent copper, 31.7 grams per tonne silver and 0.5g/t gold from 45m;

Grant’s Find

KMRC016
10m at 2.3 per cent copper, 0.1g/t gold and 0.03 per cent cobalt from 101m, including 4m at 4.9 per cent copper, 0.2g/t gold and 0.07 per cent cobalt from 106m; and

Fuso

KMRC012
1m at 2.1 per cent copper, 3.9g/t silver, 0.1g/t gold and 0.2 per cent cobalt from 90m.

Dreadnought said the results from Orion, Grant’s Find and Fuso demonstrate a strong copper-gold-silver style of mineralisation with associated cobalt, bismuth and antimony (up to 0.1% – 0.2%) metal association.

The company interpreted the results to suggest this association indicates that all three targets are potentially part of a larger mineralisation system.

“Confirming a potentially large-scale copper-gold-silver-cobalt-bismuth-antimony system is extremely exciting,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Furthermore, there is clearly unfinished business at all three targets – Orion, Grant’s Find and Fuso.

“At Orion, it would appear that we only nicked the edge of the target.

“At Grant’s Find we returned our best results to date and this area continues to build.

“Fuso surprised in the sense that we did not explain the magnetic anomaly while still intersecting mineralisation – a near miss.

“Remaining assays are expected in September 2021 and we are incorporating these results into planning our next drill program in September 2021.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au