Coda Minerals Validates IOCG Mineralisation at Emmie Bluff Deeps

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported assays from the first hole at Emmie Bluff Deeps IOCG target within the company’s Elizabeth Creek Joint Venture project in South Australia with Torrens Mining Limited (ASX: TRN).

Coda received assays from the first drill-hole in its deep IOCG drill program at Emmie Bluff Deeps that have confirmed IOCG-style copper-gold mineralisation at Emmie Bluff Deeps, with multiple zones intersected.

Results include:

DD21EB0018

4.69m at 1.01 per cent copper, 0.17 grams per tonne gold and 3.6g/t silver from 797.45m down-hole;
28.14m at 1.21 per cent copper, 0.37g/t gold and 2.3g/t silver from 810.79m down-hole, including 4.83m at 2.16 per cent copper, 0.63g/t gold and 4.3g/t silver from 816.8m; and
2.57m at 2.11 per cent copper, 0.30g/t gold and 13.2g/t silver from 842.03m down-hole, including 1.45m at 3.44 per cent copper, 0.42g/t gold and 22.1g/t silver from 842.77m.

“These results provide the first quantitative evidence of IOCG copper-gold mineralisation at Emmie Bluff Deeps,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“These assays are consistent with what we would expect from chalcopyrite zones within a broader IOCG system.

“They also represent the best intersections yet known from the Emmie Bluff Deeps prospect, including across many years of exploration by earlier companies.

“Together, they significantly increase our confidence in the project and further de-risk the potential opportunity from Emmie Bluff Deeps.

“In terms of grade and thickness, the assays have come in well within the range that we were expecting based on our visual observations.

“The chalcocite and bornite zones have yielded strong grades, and we expect to see more of this sort of higher-grade mineralisation in the wedge holes to the east.

“Together with visual observations of the recently drilled wedge holes, this represents further validation of our exploration model and our interpretation of the local geology.

“Our interpretation suggests that this hole was drilled immediately to the west of a major mineralising structure and has most likely intersected a broad and relatively flat-lying ‘apron’ of mineralisation which surrounds it.

“An accelerated and aggressive exploration program is underway, focused on the area of highest prospectivity to the east and north-east of DD21EB0018 and, all going well, will confirm our hypothesis with results expected in the weeks ahead.”

 

 

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

 

Horizon Minerals Drills Kalpini Underground Potential

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported Reverse Circulation and diamond drilling results from the company’s 100 per cent-owned Kalpini gold project area, located 50 kilometres northeast of Boorara in the Western Australian goldfields.

Drilling undertaken by Horizon in 2021 totalled 49 RC holes and 3 diamond holes to a maximum depth of 240m infilling for improved confidence and testing extensions.

Results including composite assays include:

KPRC21049
12 metres at 5.57 grams per tonne gold from 203m, including 2m at 12.92g/t Au from 211m;

KPRC21030
5m at 10.21g/t gold from 70m including 1m at 28.83g/t gold from 72m;

KPRC21034
7m at 6.01g/t gold from 91m including 1m at 22.04g/t gold from 93m;

KPRC21047
1m at 41.53g/t gold from 195m;

KPRC21021
6m at 4.45g/t gold from 90m including 1m at 10.24g/t gold from 92m;

KPDD21033
1.5m at 20.74g/t gold from 99.5m including 0.5m at 54.25g/t gold from 99.5m; and

KPRC21023
5m at 3.97g/t gold from 3m including 1m at 11.04g/t gold from 6m.

“The first drilling program we have completed has delivered excellent results confirming the potential for further open pit stages and significant upside at depth for potential underground development,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to completing the updated MRE and advancing the project as part of the consolidated Feasibility Study.”

Horizon indicated it is now compiling all the drilling data to generate an updated JORC 2012-compliant Mineral Resource estimate with completion expected early in the December Quarter 2021.

Kalpini joins Boorara, Binduli, Cannon, Rose Hill and Teal as core projects Horizon has under assessment as part of the consolidated Feasibility Study.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

Trigg Mining Releases Maiden Indicated Resource for Lake Throssell Sulphate of Potash Project

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THE DRILL SERGEANT: Trigg Mining released a maiden Indicated Resource for the company’s Lake Throssell sulphate of potash project in Western Australia.

Trigg Mining has estimated a Drainable Indicated Mineral Resource of 1.9 million tonnes sulphate of potash (SOP) at 4,985mg/L potassium (or 11.1kg/m3 potassium sulphate (K2SO4)).

The Mineral Resource Estimate (MRE) was based on results of recent trench pump trials of the surficial aquifer resource the company announced to the ASX in July 2021.

As a result of this MRE upgrade, 13 per cent of the previously announced total MRE of 14.3 million tonnes of drainable SOP at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4) is now in the higher-confidence Indicated category and available for conversion to Ore Reserves.

“This is another great result by our team, which puts Trigg Mining front and centre of the new-generation SOP industry in Western Australia,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“Having delivered our maiden Inferred Resources just over two months ago, we have moved rapidly to estimate a high-quality Indicated Resource that will provide the basis for the initial payback period to underpin the Scoping Study that is currently underway and due for completion later this quarter.

“In addition to improving our confidence in the current Mineral Resource, we have also demonstrated continued upside potential with an updated Exploration Target of 2.6 to 9.4 million tonnes of SOP, encompassing tenements to the north and south which are awaiting grant.

“We expect to convert additional tonnes to Indicated status next year as we progress work on the deeper portions of the resource and further expand our overall inventory with further drilling.

“However, having a maiden Indicated Resource allows us to progress our economic evaluation of Lake Throssell to the next stage, and commence initial discussions with potential off-takers and financiers.

“Together with our Lake Rason project, we now have a high degree of confidence that we have a large and potential multi-decade, long life potash project in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

Stavely Minerals Achieves More High-Grade Copper-Gold-Silver Intercepts

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported further results from ongoing resource drilling underway within the high-grade Cayley Lode discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely received the assay results from diamond drill holes completed prior to the winter rains to fill gaps in the drilling for the maiden Mineral Resource Estimate, expected to be completed towards the end of the year.

These included:

SMD156 that intersected the Cayley Lode in a position above the Low-angle structure, returning:

22.8 metres at 2.27 per cent copper, 0.38 grams per tonne gold and 19g/t silver from 247m, including 3m at 6.86 per cent copper, 1g/t gold and 11g/t silver, and 4.7m at 4.07 per cent copper, 0.78g/t gold and 77g/t silver.

Drill hole SMD156W1 was drilled as a wedge hole to SMD156, which had an interval of lost core in the Cayley Lode mineralisation, intersecting:

23.1m at 1.67 per cent copper, 0.25g/t gold and 19g/t silver from 246.9m down-hole, including 3.1m at 6.21 per cent copper, 0.69g/t gold and 77g/t silver.

Stavely has an intensive resource drill-out continuing with the focus on extending the deposit to the south-east and at depth within the (now) overall 1.5 kilometres-long discovery zone, with in-fill and step-out drilling continuing based on a roughly 40m by 40m drilling grid.

The Mineral Resource drill-out is well advanced and continues to generate impressive results, which have extended the Cayley Lode mineralisation.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

 

Hammer Metals Intersects Copper and Gold at Neptune and Kings-Charlotte

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) recently completed a drilling program at the company’s Mount Isa project.

The RC drill program tested several high-priority, 100 per cent-owned Hammer targets whilst also completing further drilling at the Mount Isa east JOGMEC Joint Venture, Trafalgar copper gold discovery.

Copper and gold mineralisation was confirmed at Hammer’s 100 per cent-owned Neptune prospect with results of:

HMLRRC002
100 metres at 0.48 per cent copper and 0.18 grams per tonne gold from 173m, including 3m at 2.23 per cent copper, 0.2g/t gold from 185m, 3m at 3.09 per cent copper and 1.4g/t gold from 198m and 5m at 2.21 per cent copper and 0.37g/t gold from 234m; and

HMLRRC003
66m at 0.32 per cent copper and 0.07g/t gold from 33m, including 2m at 1.92 per cent copper and 0.42g/t gold from 33m.

Copper, gold and cobalt mineralisation was identified at Kings-Charlotte prospects in the Malbon region, returning results of:

HMAKRC004
3m at 3.89 per cent copper and 0.56g/t gold from 18m, including o 1m at 10.12 per cent copper and 1.52g/t gold; and

HMAKRC005
10m at 0.58 per cent copper and 0.12 per cent cobalt from 19m and 1m at 1.59 per cent copper from 36m.

“The continued successful delineation of copper and gold mineralisation at different prospects throughout the Hammer portfolio highlights the copper endowment within the Mount Isa district,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Hammer will look to build upon these initial drill results at the Neptune and Kings-Charlotte prospects with follow up drilling to be undertaken in the second half of this year.

“The Neptune area which is in the immediate vicinity of the Trafalgar trend is encouraging as Hammer looks to build upon our mineral inventory in the region.

“The exceptional rock chip gold result at Kalman West is a subtle reminder of the gold potential in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

De Grey Mining Drills Energising Results at Diucon

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported exploration results from the Diucon deposit at the company’s Hemi gold project in Western Australia.

Diucon is located immediately to the west of Crow and presents a potential geological link between the Crow and Antwerp intrusions.

De Grey said the gold mineralisation at Diucon shows similar alteration and sulphide development as seen at the adjacent Aquila, Brolga, Crow, Falcon and Eagle deposits.

Extensional Results

Section 28720E

HERC442D
173.7 metres at 1.5 grams per tonne gold from 271.3m; 80m below the current resource

HERC851D
99m at 1.1g/t gold from 256m and 173m at 1.6g/t gold from 366m; 160m below the current resource

Section 28880E

HERC460D
108.4m at 0.8g/t gold from 280.72m. 80m below the current resource

Infill Results

Section 28720E

HERC441D
58.7m at 2g/t gold from 224m; (partially previously reported)

Section 28800E

HERC476D
88m at 1.9g/t gold from 256m; and

HERC458D
87.0m at 1g/t gold from 180m and 42m at 4.2g/t gold from 278m.

“The new drilling results at Diucon provide clear evidence that increases to the current Hemi resource can be expected with further drilling,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The higher grades zones within these broad gold zones are also encouraging, as we continue to extend mineralisation to the west and conduct closer spaced drilling within the existing resource footprint.

“The mineralised intrusion on Section 28720E widens at depth.
“Step out drill hole HERC889D is currently in progress, targeting a further 160 metres beneath HERC851D.

“This well mineralised section remains entirely open to the west and depth.

“The mineralised intrusion at Diucon was intersected in RC and diamond drilling beneath unmineralised sediments previously intersected in shallow aircore drilling.

“This aspect provides encouragement for discovering additional mineralised intrusions around Hemi in a similar setting.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Golden Mile Resources Encounters Widespread Gold Mineralisation at Leonora Project

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported results from recently completed aircore (AC) drilling undertaken at the Ironstone Well and Benalla gold projects, part of the company’s Leonora gold project near Kalgoorlie in the Eastern Goldfields of Western Australia.

A 16-hole AC program at Benalla followed up targets at Wanghi, Benalla Hill, BGT2, BGT3 and Websters.

Intersections from this program include:

BTAC277 (Wanghi)
4 metres at 0.68 grams per tonne gold from 37m and 4m at 0.29g/t gold from 45m;

BTAC271 (BGT02)
4m at 0.11g/t gold from 40m;

BTAC272 (BGT02)
4m at 0.16g/t gold from 36m; and

BTAC273 (BGT02)
4m at 0.17g/t gold from 44m and 5m at 0.16g/t gold from 52m.

An 11-hole AC program at Ironstone Well, seven kilometres northeast of Leonora, targeted geochemical anomalies coincident with the folded “Pink Pig” Shear Zone, which can be traced for more than three kilometres regionally.

Best intersections at Ironstone Well were associated with the Pig Well prospect and included:

IWAC010
4m at 0.3g/t gold from 40m and 8m at 0.6g/t gold from 60m;

IWAC007
4m at 0.13g/t gold from 96m;

IWAC008
4m at 0.1g/t gold from 16m; and

IWAC009
4m at 0.53g/t gold from 60m.

“While the company is encouraged by the widespread gold mineralisation intersected to date at Benalla, and the untested potential at Ironstone Well, the company’s focus over the coming months will be on the Yarrambee project and following up the outstanding copper-zinc targets identified from the recently completed airborne survey,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Planning is now well advanced to source a crew to complete ground electromagnetic surveys prior to drilling on these high priority targets at Yarrambee and I look forward to providing an update on this program in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com.au

 

Web: www.goldenmileresources.com.au

 

RareX Reports Cummins Range Rare Earths Resource Upgrade

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THE DRILL SERGEANT: RareX Limited (ASX: REE) reported a substantial resource upgrade for the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX has grown the Cummins Range Mineral Resource in size and quality as a result of drilling programs completed last year, firmly establishing the deposit as a high-quality development opportunity in a Tier-1 mining jurisdiction.

The new estimate includes a 47 per cent increase in overall tonnes to 18.8 million tonnes at 1.15 per cent total rare earth oxides (TREO), including 0.23 per cent neodymium-praseodymium (NdPr) and 0.14 per cent niobium pentoxide (Nb2O5).

High-grade tonnes improved to 6.5 million tonnes at 1.98 per cent TREO, including 0.38 per cent NdPr and 0.21 per cent Nb2O5.

The estimate includes a maiden Indicated Resource of 11.1 million tonnes at 1.3 per cent TREO, including 0.27 per cent NdPr and 0.17 per cent Nb2O5.

“Achieving a resource upgrade of this magnitude is a fantastic result which reflects the great work undertaken by the RareX technical team over the past year,” RareX managing director Jeremy Robinson said in the company’s ASX announcement.

“The resource has increased in grade and scale, and now clearly sits at the forefront of rare earth development projects on the ASX.

“Apart from the overall 47 per cent increase in tonnage, we have also posted a sizeable increase in high-grade tonnes and a very significant maiden Indicated Resource of 11.1 million tonnes, which will be available for conversion to ore reserves as part of upcoming economic studies.

“Importantly, we believe that there is enormous scope to grow the resource further, both in overall size and grade.

“We have seen some very encouraging indications from the recent expansionary drilling and we are really looking forward to seeing what the upcoming diamond drilling will reveal.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Dreadnought Resources Releases Triple Header Announcements

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) kept market watchers interested this week by releasing three ASX announcements covering the company’s diverse portfolio of projects.

Dreadnought Resources’ first announcement of the week covered results of reconnaissance sampling at Rough Triangle, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

The company explained that Rough Triangle was identified and mapped by Western Mining Corporation in 1958, at which time it was declared a ‘significant lode’, however, Rough Triangle was not sampled, and no exploration has been undertaken there since.

Dreadnought has now sampled Rough Triangle as part of a project wide reconnaissance program assessing historically mapped mineralisation and more recently generated anomalies.

The sampling confirmed high tenor polymetallic mineralisation, including critical minerals antinomy and bismuth, in addition to copper and silver over approx. 600 metres of strike length.

“We have no shortage of outcropping mineralisation at Tarraji-Yampi,”

“There is certainly nothing more exciting than walking along walls of outcrop with copper staining.

“The confirmation of high tenor antimony, bismuth, copper and silver is highly encouraging for a substantial system at Rough Triangle.

“We will continue to assess additional targets while undertaking our drilling programs at Texas, Fuso, Paul’s Find, Orion and Chianti-Rufina.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Dreadnought followed up on Wednesday by announcing results from rock chip sampling of pegmatites at Peggy Sue, part of the company’s Illaara project.

Results achieved at Peggy Sue identified multiple, high-grade tantalum clusters and anomalous lithium.

The company believes these rock chip results indicate a potentially large system.

Future work will look to further map and sample the pegmatites to determine the mineral zonation patterns and define drill targets, likely to commence in the December 2021 quarter.

“Identifying these high-grade tantalum clusters from first pass sampling is highly encouraging,” Tuck said.

“Tantalum is a critical metal where security of supply matters and Peggy Sue is ideally situated in a Tier 1 jurisdiction.

“Going forward, we will be looking to extend the mineralisation and define any zonation within these pegmatite swarms with an eye to vector in towards additional tantalum and potential lithium and caesium zones.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

On Thursday, Dreadnought informed everybody that RC drilling has commenced at Chianti-Rufina, which is also part of the Tarraji-Yampi project.

The drilling at Chianti-Rufina is expected to take a week, after which the drill rig will move to Fuso and Paul’s Find copper-gold targets.

FLEM surveys at the Orion nickel-copper-PGE target will be underway at the same time.

Once drilling is complete at Fuso and Paul’s Find, the rig will move to Orion to drill the known EM plates and any additional plates identified by the FLEM surveys.

This program is expected to be completed by the end of July 2021.

“We are embarking on a 21-hole diamond and RC drill program that will test targets over five high-quality prospects, Tuck said.

“To say that we are excited about the potential of this program is an understatement.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Alchemy Resources Drills High-Grade Results at Karonie

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) reported receiving results of all holes from a recent Reverse Circulation (RC) drill program undertaken on the company’s Karonie gold project in the Eastern Goldfields of Western Australia.

Alchemy Resources conducted the Phase 1 drill program at Karonie focussing on infilling and extending shallow zones of mineralisation at Parmelia, Taupo and KZ5 with anomalous intercepts returned from most holes.

Mineralisation at KZ5 extended to 500m, open along strike to the north and south, while high-grade mineralisation was intersected at Taupo, extending 150m down dip, remaining open at depth.

Best Intercepts include:

KZ5

KZRC103
12m at 1.26 grams per tonne gold from 24m, including 8m at 1.41g/t gold from 24m;

KZRC104
4m at 3.39g/t gold in from 56m;

KZRC105
1m at 1.87g/t gold from 58m;

KZRC107
4m at 1.25g/t gold from 96m;
40m at 0.54g/t gold from 8m; and

KZRC109
2m at 1.25g/t gold from 109m.

Taupo

TARC011
1m at 2.67 gold from 107m;

TARC013
4m at 1.72g/t gold from 123m, including 1m at 5.73g/t gold from 123m; and

TARC014
4m at 1.82g/t gold from 48m.

“Karonie is continuing to emerge as a very exciting project,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“This recent round of drilling has extended mineralisation at KZ5 to around 500 metres strike as well as opening a potential new zone of mineralisation to be tested in the north-west section.

“At Taupo we’ve extended mineralisation to 150 metres down dip with some high-grades in the central part of the deposit, which is a fantastic outcome.

“Mineralisation remains open at depth and along strike at all three prospects so its early days of testing what appears to be multiple significant mineralised systems.

“Our understanding of these systems has advanced significantly and will be utilised in planning for our next phases of drilling.

“We will now look to re-sample the four metre composites and to commence 3-D modelling these zones, with a view to potentially calculating a maiden resource later this year.

“In addition, we have detailed reconnaissance surface mapping underway in the areas to the north and south of Karonie which will form part of the next phases of drilling commencing later this year.

“This dovetails in with our strategy of an aggressive 10,000 metres to 20,000 metres drill program over 3 phases across the tenement package at Karonie.”

 

 

 

Email: info@alchemyresources.com.au

Web: www.alchemyresources.com.au