Galan Lithium HMW Project Review Optimises Capex Profile

/in , /by

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has made considerable advancement of feasibility study foundation works underway at the company’s Hombre Muerto West project (HMW project) located in the South American Lithium Triangle.

Galn Lithium’s HMW project team completed a preliminary evaporation ponds design making full use of the company’s tenement holding for producing up to 25,000 tonnes per annum lithium carbonate equivalent (LCE).

The company said the work had confirmed the robustness of the evaporation design to achieve a high-quality brine concentrate by successfully completing two additional brine evaporation tests.

“Galan continues to strengthen and broaden the flexibility of the HMW project with a view to production as soon as possible,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We have confirmed the existence of a strong product with lithium concentrate levels beyond six per cent lithium, and we continue to optimise our evaporation route.

“Our team is confident of the HMW project’s potential to increase its production levels up to 25,000 tonnes per annum LCE in the next feasibility studies.

“The Galan team continues to look at solutions to grow and make HMW as robust and as low risk as possible by using proven technology.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

Web: www.galanlithium.com.au

 

Chalice Mining Presents Further High-Grade Julimar Zones

/in , /by

THE DRILL SERGEANT: Chalice Mining (ASX: CHN) has continued to identify zones of high-grade at the company’s 100 per cent-owned Julimar nickel-copper-platinum group element (PGE) project in Western Australia.

Chalice Mining reported the receipt of further high-grade results from an ongoing step-out and resource definition drill program underway at the Gonneville Intrusion.

Seven rigs (three reverse circulation (RC) and four diamond) are continuing the approx. 160,000 metres step-out and resource definition drill program at the Gonneville Intrusion with over 120,000m of drilling completed to date providing a swag of yet to be received assay results.

In addition to the ongoing infill drilling, Chalice is currently conducting initial wide-spaced RC drilling targeting the extension of the high-grade G4 and G11 zones to the north-east.

Drilling at the Hartog Target is anticipated to commence in late Q3 2021, subject to access approval.

The company indicated it already has a comprehensive work program approved for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies.

“Resource drilling at Gonneville continues at a rapid pace, with predominantly infill drilling continuing to confirm a robust, major PGE-nickel-copper-cobalt-gold deposit,” Chalice Mining managing director Alex Dorsch said in the company’s ASX announcement.

“These latest results confirm continuous zones of high-grade sulphide mineralisation, as well as a large oxide / disseminated sulphide footprint.

“We continue to see impressive zones of shallow palladium-copper-gold mineralisation along the eastern footwall contact of the intrusion, with these zones remaining open to the north-east.

“Step-out drilling is continuing to test the extent of the Gonneville Intrusion in this direction.

“Our understanding of the geology and metallogenesis of the deposit continues to improve as we gather more data.

“Concurrently with the seven-rig resource drill-out, we are also progressing a comprehensive metallurgical testwork program on both the sulphide and oxide mineralisation at Gonneville.

“The core Chalice study team has now been assembled and several other preliminary studies are underway to guide the scoping and feasibility stages of the project.

“We continue to work closely with the relevant State Government departments regarding access to the Julimar State Forest for initial drill testing to the north of Gonneville, with initial wide-spaced drilling anticipated to commence at Hartog in late Q3 2021, subject to access approval.”

 

 

 

Email: info@chalicemining.com

 

Web: www.chalicemining.com

 

Alto Metals Highlights Continuation of Vanguard Mineralisation

/in , /by

THE DRILL SERGEANT: Alto Metals (ASX: AME) has further highlighted the continuity of gold mineralisation at the Vanguard prospect within the company’s Sandstone gold project in Western Australia.

Alto Metals reported results from the latest four metre composite samples taken from wide-spaced step-out RC drilling at Vanguard, defined over 800m strike, that included:

SRC272
28 metres at 1.5 grams per tonne gold from 132m, including 4m at 4.3g/t gold from 152m;

SRC270
8m at 1.8g/t gold from 144m, including 4m at 2.9g/t gold from 144m;

SRC284
4m at 2g/t gold from 64m; and

SRC280
4m at 1.4g/t gold from 40m.

The company believes these latest results not only highlight the continuity of gold mineralisation at Vanguard, but also present a likelihood of further resource growth with multiple intercepts encountered outside the current resource.

“Vanguard is rapidly emerging as a very exciting prospect,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Drilling has now defined mineralisation, together with Vanguard North, over a two kilometre north-west, south-east trend that remains open.

“We are confident that further drilling will demonstrate the growth potential not only at Vanguard but also regionally, along the much larger 20 kilometres corridor of differentiated dolerite that also hosts the Indomitable and Havilah deposits.

“Drilling is continuing at the Lords Corridor, where we now have two RC rigs and one diamond rig following up on the recently announced high-grade results targeting extensions of known mineralisation.

“A number of four metre and one metre assay results are still pending and these will further assist with our ongoing exploration targeting and future resource work.

“It is a very busy time on site with lot of activity as we continue to advance the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Dreadnought Resources Intersects Sulphides in First Texas Hole

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the intersection of sulphides by way of diamond drilling at the Texas target, part of the company’s Tarraji-Yampi project in the West Kimberley region of Western Australia.

Dreadnought Resources reported drill hole TXDD001 intersected dominantly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres hosted within the Ruins Dolerite.

The drill hole was positioned to test the shallow southern extent of a modelled EM plate.

Diamond core has been dispatched for sampling with assay results expected in August 2021.

Drilling of TXDD002, located approx. 150m to the northeast of TXDD001, will test the EM plate further down plunge with a planned hole depth of 180m.

It is expected that this hole will be completed in mid-July.

The company is currently preparing for a RC drilling program at Fuso and Paul’s Find copper-gold, Orion nickel-copper-PGE and Chianti-Rufina copper-zinc-silver targets drilling scheduled to commence in early July 2021.

“Confirmation of sulphides within the Ruins Dolerite is an exciting outcome for the first drill hole at Texas and significantly enhances the prospectivity of Texas as well as the recently defined EM plates at Orion,”

“This is a great start to our exploration program in the Kimberley and we look forward to progressing the diamond and RC drilling programs.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Golden Mile Resources Defines Drill Targets at Yuinmery

/in , /by

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported on a recently completed soil sampling campaign undertaken on the company’s Yuinmery project within the Murchison Region of Western Australia.

The Yuinmery project covers prospective portions of the Youanmi Complex, located approximately 500 kilometres north-east of Perth.

Golden Mile resources collected 451 samples it claims to have confirmed a broad zone of surface gold anomalism associated with the Elephant Reef and Ladies Patch prospects, each of which extend over more than 800 metres adjacent to the regional Yuinmery Shear Zone.

The sampling also defined the new Grey Beard prospect south of Ladies Patch covering an area more than one square kilometre with up to 300ppb gold in soils with no previous drilling.

Limited historical drilling has previously highlighted the prospectivity of the Yuinmery Shear Zone, albeit generally shallow with no follow up RC or diamond drilling reported.

Golden Mile indicated it is planning ground-based work to rapidly advance exploration on these targets at Yuinmery, including further infill soil sampling, aircore drilling traverses and deeper RC to follow up historical intersections.

“These newly identified targets are in addition to samples confirming the broad zone of gold anomalism at the Elephant Reef and Ladies Patch prospects which are adjacent to a major controlling structure in an exploration hot spot,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Golden Mile has long held the view that Yuinmery is an outstanding early-stage exploration play and we are now working up a program to advance these targets which highlight the opportunity for a significant gold discovery.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com.au

 

Web: www.goldenmileresources.com.au

 

Musgrave Minerals and Evolution Mining Encounter High-Grade Gold at Cue JV

/in , /by

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported assay results from recently completed diamond drilling undertaken on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) over Lake Austin in Western Australia’s Murchison district.

Musgrave Minerals declared the results to have identified strong basement gold mineralisation at the West Island prospect with gold intersections encountered over a 400 metres strike length below a strong regolith gold anomaly under Lake Austin.

The mineralisation is hosted within a differentiated dolerite unit, similar to that hosting the high-grade Great Fingall and Golden Crown deposits 25 kilometres to the north of West Island at Cue.

The first four diamond drill holes at West Island testing part of a 7km long aircore anomaly, all intersected gold mineralisation, including:

21MODD006
11.5 metres at 3.2 grams per tonne gold from 245m, including 3m at 10.6g/t gold from 247.5m;

21MODD001
11m at 3.6g/t gold from 272m, including 5m at 5.5g/t gold from 276m;

21MODD002
5m at 2.7g/t gold from 169m; and

21MODD007
0.4m at 23.5g/t gold from 144.7m.

“This is a great early result from diamond drilling and a strong endorsement of the joint venture program on Lake Austin,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We are looking forward to the re-commencement of diamond drilling in July to further test the extent and grade of the gold system at West Island.

“Evolution’s ongoing commitment is a strong affirmation of the upside potential of the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musraveminerals.com.au

 

Chalice Minerals Defines ‘Julimar lookalike’ EM Target at Venture Mineral’s South West Nickel-Copper-PGE Project

/in , /by

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) informed the market that its Joint Venture partner Chalice Mining (ASX: CHN) has generated new EM anomalies from the early stages of a ground based moving loop EM (MLEM) and fixed loop EM program at the company’s South West nickel-copper-PGE project in Western Australia.

Venture explained that Chalice defined the new anomalies over selected areas of the Julimar lookalike magnetic feature (Thor Target) as well as other interpreted mafic-ultramafic intrusions.

The current program is part of the first stage of a JV earn-in, under which Chalice may earn up to 70 per cent by spending $3.7 million on exploration over four years.

The new EM anomalies are considered to be of similar strength conductors to those that yielded wide palladium intervals during the early drilling phase of the Julimar nickel-copper-PGE discovery.

In addition, one of the new EM anomalies is within 10 metres of a previously drilled hole TOR04 that intersected 86 metres of disseminated sulphides with anomalous levels of PGE mineralisation, which the JV believes makes this EM conductor of particular interest.

“Venture is extremely encouraged by the success of the early work done by our JV partners Chalice Mining on our South West Project,” Venture Minerals managing director Andrew Radonjic said in the companies’ ASX announcement.

“The ground EM program, though only one third complete, has already yielded new EM anomalies with one sitting adjacent to a previously drilled hole containing significant disseminated sulphides with elevated PGE levels.

“The majority of the Thor ‘Julimar lookalike’ Target that already hosts several airborne EM anomalies is yet to be tested by Chalice’s EM program and the company (Venture) looks forward to results from this work and potential follow up drill testing in the near future.”

 

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

 

Email: admin@ventureminerals.com.au

 

 

Web: www.ventureminerals.com.au

 

Miramar Resources Drills Upgrade to Gidji Project

/in , /by

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported results from recently completed aircore drilling at the company’s 80 per cent-owned Gidji JV project near Kalgoorlie in Western Australia.

Miramar Resources said the new assay results, from 1 metre re-splits of the Phase 2 aircore drilling campaign, have upgraded the prospectivity of the Gidji project, with all four targets now containing multiple aircore holes with results over one gram per tonne gold.

At the Marylebone target, three consecutive aircore holes on one drill section have now returned results greater than 1.5g/t gold, including a high-grade result of:

GJAC096
2 metres at 7.7g/t gold, including 1m at 13.57g/t gold.

At the Piccadilly target, hole GJAC251 returned a thick zone of supergene gold and arsenic anomalism immediately adjacent to hole GJAC058, which ended in 4.53g/t gold.

Other results included:

Railway

GJAC120
3m at 1.94g/t gold from 44-47m, including 1m at 5.21g/t gold;

8-Mile

GJAC092
1m at 1.17g/t gold from 46-47m;

GJAC097
3m at 1.22g/t gold from 54-57m, including 1m at 2.82g/t gold; and

GJAC099
1m at 1.78g/t gold from 49-50m.

“After two phases of relatively wide-spaced aircore drilling across the granted tenements, all four targets have developed into coherent gold anomalies with associated pathfinder anomalism indicating a potential relationship to primary mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Notably, most significant gold results to date have come from sample intervals at depths of greater than 50 metres vertically below surface, whilst the average depth of historic drilling across the Gidji project is only about 40 metres.”

Miramar’s next stage in exploration at Gidji will involve systematic deeper drill testing of the targets with the aim of outlining bedrock gold mineralisation.

The company is currently waiting on assay results from RC and Phase 3 aircore programs recently completed at Gidji.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Calidus Resources Drilling Blue Spec to Increase Warrawoona Production Rate

/in , /by

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the start of diamond drilling at the high-grade Blue Spec deposit at the company’s Warrawoona gold project in Western Australia.

Calidus Resources said the drilling was part of its development strategy for Warrawoona with Blue Spec to be integral to the growth of the project’s forecast production rate, with the deposit being located within trucking distance of the project.

The company believes Blue Spec to hold potential to increase production to a peak of 139,000 ounces per annum compared with the 105,000 ounces per annum contained in the Warrawoona Feasibility Study released in March this year.

“This new drilling program is an important step in our growth strategy,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“Blue Spec has the potential to underpin a significant increase in the production rate at Warrawoona while enabling us to leverage off infrastructure which will already be in place.

“This will in turn further strengthen the overall economics and financial returns.

“Our strategy is to finalise the Blue Spec feasibility study so we can bring it into the production plan as soon as practical once operations at Warrawoona have been bedded down.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Zenith Minerals Defines New Develin Creek Drill Targets

/in , /by

THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) reported the identification of four new drill targets at the company’s Develin Creek copper-zinc massive sulphide project in Queensland.

Zenith Minerals identified the new targets via induced polarisation (IP) geophysical surveys carried out at the Snook and Wilsons copper-zinc prospects.

The targets include two new high-quality drill targets identified at Snook (S1 & S2) located 30km south of the existing resource area and beneath and adjacent to recent Zenith drilling that has intersected massive copper-zinc sulphides.

Two other high conviction targets were located beneath shallow soil cover and along strike of surface gossans at the Wilsons prospects (W1 & W2).

The company now has a total of eight copper-zinc targets ready for drill testing, these include the four IP targets at Snook and Wilsons and four additional targets located close to the existing Sulphide City JORC massive copper-zinc sulphide deposits that had been defined by reinterpretation of geology, geochemistry and airborne electromagnetic survey (EM) data.

“Develin Creek is a large-scale VMS style copper – base metals system with a pre-existing JORC Resource at the northern end of the property (Sulphide City),” Zenith Minerals chairman Peter Bird said in the company’s ASX announcement.

“The property extends for some 50 kilometres south of this Resource.

“The eight geophysical anomalies mentioned in this release span the total lease area.

“The anomalies at Snook appear to be located below the early-stage shallow drilling and like the others defined require drill evaluation.

“VMS styles systems can be discrete but high grade and hence of great value.

“We see this advancement as a very positive step forward to allow us to build the copper inventory.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@zenithminerals.com.au

 

Web: www.zenithminerals.com.au