Firefly Resources Scores High-Grade Rock Chips at Yalgoo

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THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported assay results from follow-up sampling of recorded and unrecorded gold workings across the northern extent of the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources recently announced it would be merging with Gascoyne Resources, however this apparently hasn’t stopped the company from concentrating on advancement of its Yalgoo project.

The company concentrated on sampling several historical workings around the intersection of the Western and Eastern Gold Trends at Yalgoo that returned encouraging assays.

These included the Drumline, Drumline South, Mako, Hammerhead and Good Companions prospects, situated within a three square kilometre area at the intersection of the regional folded stratigraphy where the Western and Eastern Gold Trends collide.

The samplings yielded very high grades at the intersection of the Western and Eastern Gold Trends, as well as the notable ‘demagnetisation’ of the BIF rocks in the area, which the company considers as a strong indicator of a potentially large-scale mineralised system at this important structural ‘collision zone.

“There’s a lot of excitement around Firefly at the moment with the announcement of a planned merger with Gascoyne Resources, however we remain absolutely focused on our core objective of delivering results from Yalgoo,” Firefly Resources managing director Simon Lawson said in the company’s ASX announcement.

“This latest round of rock-chip results further builds on the wider reconnaissance results we reported earlier this month by concentrating on some of the more structurally extensive and intensely altered gold zones we have identified.

“Given the widespread recorded mining activity at Yalgoo in the early 1900s, there are a lot of historical workings in the area and many of these workings have remained untouched since the old-timers walked away.

“We have identified these old workings from aerial imagery, studied the spatial relationships between the mineralisation and the different rock types and structures, and visited those workings to ground-truth and sample them.

“Having worked my whole career as a mine geologist, I know that grade is king and scale is everything else.

“Firefly is starting to reveal both of these key elements at Yalgoo with exciting implications for future development potential.

“The true scale of mineralisation over this northern part of the Yalgoo Goldfield is just coming to light now that it’s under single ownership. In particular, the intersection of the Western and Eastern Gold Trends is returning some very high-grade material over hundreds of metres of strike.

“Intersections in structure and stratigraphy commonly concentrate and trap gold, and we believe this is the case in the Drumline/Good Companion prospect area.

“There are many old workings seemingly scattered across this area of around three square kilometres, but when we correlate them with our aerial mapping, geophysics and ground-truthing we can see all the hallmarks of an emerging high-grade prospect area with scale, and importantly an area that has never seen any modern exploration work or drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au

 

De Grey Mining Bolsters Mallina Gold Project with Hemi Resource

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported an increase in the Mineral Resources Estimate for the company’s Mallina gold project (MGP) near Port Hedland in Western Australia.

De Grey has taken the MRE from 2.2 million ounces to 9 million ounces, thanks mainly to the company’s 6.8 million ounces Hemi discovery Maiden Mineral Resource.

The total JORC Code 2012-complaint Mineral Resource Estimate for Hemi currently stands at 192 million tonnes at 1.1 grams per tonne gold for 6.8 million ounces.

This breaks down to an Indicated Resources of 66 million tonnes at 1.3g/t gold for 2.8 million ounces and Inferred Resources of 127 million tonnes at 1g/t gold for 4 million ounces.

“Hemi is an exceptional new Western Australian gold discovery which is redefining the gold potential of the Pilbara and has changed the future for De Grey and our shareholders,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“De Grey’s exploration team has taken Hemi from discovery to a Tier 1 scale 6.8 million ounces gold deposit in a short timeframe.

“RC and diamond drilling commenced only 15 months ago and further extensions are expected at each deposit as drilling continues.

“Twelve drill rigs are currently focused on expanding Hemi as well as testing numerous targets within our large 100 per cent-owned, 150 kilometres long land package.

“I have no doubt we will be drilling and finding additional resources for many years to come.”

The inclusion of the Indiacte 2.8 million ounces of Hemi has taken the Measured and Indicated Mineral Resources across the MGP to 3.8 million ounces at 1.4g/t gold.

De Grey believes these Mineral Resources provide a strong platform for a scoping study targeted for completion in the September quarter 2021.

The company considers there to be potential for the maiden Hemi and Global MGP Mineral Resources to grow along strike and at depth.

“The company has delivered on its commitment to deliver a maiden Hemi Mineral Resource to shareholders by mid-2021,” De Grey Mining managing director Glenn Jardine added.

“The 6.8 million ounces Hemi Mineral Resource is substantial and exceeds our initial expectations.

“We are committed to increasing the resource base with ongoing drilling programs.

“Project studies, including metallurgy, geotechnical, mining, environmental, infrastructure and hydrogeology are continuing in parallel with the exploration drilling.

“These studies aim to provide information to define the development and production opportunities this scale of resource brings.

“The company expects to be able to provide production potential for Hemi and the overall Mallina gold project to shareholders in the September quarter 2021 through the completion of a scoping study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Apollo Consolidated Scores Strong Gold Hits at Cleo and Rebecca Deposits

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) declared hits of further widespread gold mineralisation from recent Reverse Circulation (RC) drilling undertaken at the Cleo discovery, located only 1.5 kilometres west of the main Rebecca deposit at the company’s 100 per cent-owned Lake Rebecca gold project east of Kalgoorlie in Western Australia.

Apollo Consolidated drilled nine RC holes at Cleo, all of which intersected shallow gold mineralisation, including:

RCLR0806
10 metres at 3.66 grams per tonne gold, 5m at 1.25g/t gold and 10m at 0.88g/t gold;

RCLR0807
5m at 6.75g/t gold and 5m at 1.59g/t gold;

RCLR0811
10m at 1.50g/t gold EOH, 5m at 1.84g/t gold and 5m at 1.56g/t gold;

RCLR0802
10m at 1.10g/t gold in RCLR0808, 10m at 1.09g/t gold; and

RCLR0803
5m at 3.76g/t gold and 5m at 1.34g/t gold.

“Immediate follow-up RC drilling will continue to scope this discovery and expand open mineralised zones into untested areas,” Apollo Consolidated said in its ASX announcement.

“Diamond drilling will confirm the orientation of mineralised structures and is scheduled to start in coming weeks.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Kin Mining to Commence Cardinia Gold Project Regional Exploration Drilling

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) signalled its intentions to step up exploration activity across a number of satellite projects located outside the company’s 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining owns six separate projects located east and west of the centrally located CGP, which the company has been advancing with a range of exploration activities over the past 12 months including ground-based geophysical surveys, surface auger soil geochemical surveys and first-pass air-core (AC) drilling programs to evaluate their prospectivity.

Upcoming regional exploration activities are to include RC drilling to follow up the recently discovered shallow high-grade gold mineralisation in first-pass air-core (AC) drilling at the Mount Flora prospect, 20km east of Cardinia, where best results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m.

Kin Mining stated the objective of the regional program is to systematically test the wide range of exploration opportunities across the company’s broader tenement holding to determine the potential for new discoveries and emerging satellite or standalone opportunities surrounding the Cardinia Gold Project.

“The purpose of the regional exploration program across the gold-based projects is to provide an initial assessment of the mineralisation style and gold grade and determine whether each project has the potential to be a viable stand-alone project or would more naturally provide potential satellite feed to a future CGP based mining and processing operation,” Kin Mining said in its ASX announcement.

“The key parameters governing these two potential development options is the distance from Cardinia, potential alternative treatment options, project size and mineralisation grade.

“Other projects in the portfolio of tenements also offer nickel sulphide exploration potential and these are being assessed in parallel with the gold project evaluation.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Musgrave Minerals Encounters Thick Gold Intersections at Big Sky

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new assay results from reverse circulation (RC) drilling at the Big Sky prospect, situated along a new gold corridor south-west of Lena on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

RC drilling completed south-west of Lena within the new seven kilometres-long gold corridor has continued to intersect gold mineralisation below thin transported cover (1-20m) in areas that had not been drilled by previous explorers.

The Big Sky gold anomaly is defined over 2.6km of continuous strike where it remains open to the north and south.

Intersections include:

21MORC101
84 metres at 1.4 grams per tonne gold from 24m, including 12m at 6.6g/t gold from 66m;

21MORC100
42m at 1.1g/t gold from 30m;

21MORC082
36m at 1.2g/t gold from 30m; and

21MORC094
12m at 1.7g/t gold from 108m to EOH.

“The RC drilling has confirmed the potential for significant gold mineralisation at Big Sky and the possibility of a number of higher-grade zones within the broader anomalous trend,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Drill traverse line spacing remains at more than 100 metres for much of the target area and assays are pending for more than 50 RC drill holes.

“The mineralisation is masked from surface by a thin veneer of transported hardpan cover.

“The near surface nature of the oxide, regolith gold mineralisation is expected to be favourable for open-cut mining.

“Regional drilling will continue with the aim of defining discrete higher-grade zones for resource definition.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797,000 tonnes at 10.2g/t gold for 262,000 ounces contained gold) and the Lena deposit (4.3 million tonnes at 2.3g/t gold for 325,000 ounces contained gold) located 130m to the west of Break of Day.

 

 

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Corazon Mining Drilling Domestically at Mt Gilmore in NSW

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has temporarily shifted its focus domestically as it waits for drilling conditions to improve at the company’s Lynne Lake project in Canada.

Corazon Mining announced the commencement of drilling at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales.

The drilling will target the priority eight kilometres-long Gordonbrook Hill – May Queen copper-cobalt-silver-gold anomaly, within the greater 20km long Mt Gilmore Trend.

This is the opening drill program for the Gordonbrook Hill target and comprises two core holes for a total of 900 metres, designed to test the area near the Gordonbrook Hill mineralised porphyry, identified by Corazon in 2020.

This porphyry intrusion is mapped at surface over approximately 300 metres and is semi-parallel with the strike of a well-defined geophysical anomaly (an Induced Polarisation chargeability-high corridor).

The company believes these coincident geochemical and geophysical features represent a genuine mineralised porphyry target, kilometres in scale, making Gordonbrook Hill the priority target at Mt Gilmore.

“We are excited about the very first drill holes into the high priority Gordonbrook Hill target at Mt Gilmore,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“The drilling will test new concepts, targeting one area of what looks to be a very large mineralised hydrothermal system.”

This current phase of drilling is expected to be completed over the next two months, with results released as they become available.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Eagle Mountain Mining Continues High-Grade Hits at Oracle Ridge

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

Recent drilling by Eagle Mountain Mining had produced positive results from The Talon target.

The first hole to be completed targeting the western part of The Talon target, WT-21-15, intersected three strongly mineralised zones, returning results of:

10.6 metres at 2.1 per cent copper, 16.92 grams per tonne silver and 0.58g/t gold from 231m;

6.6m at 1.29 per cent copper, 8.54g/t silver and 0.1g/t gold from 275.4; and

21.2m at 1.33 per cent copper, 12.53g/t silver and 0.22g/t gold from 297.7, including 7.5m at 1.62 per cent copper, 17.09g/t silver and 0.36g/t gold from 303.5m

Hole WT-21-12 also intersected high-grade mineralisation, returning a best intersection of:

5.7m at 4.44 per cent copper, 44.87g/t silver and 0.93g/t gold, including 3m at 6.8 per cent copper, 66.7g/t silver and 1.5g/t gold.

This hole was drilled in the eastern Talon area, targeting the Leatherwood-Sediments contact approximately 45 metres to the south of previous intersections achieved in hole WT-20-10.

“With activities ramping up and the second rig having commenced drilling, we are very pleased to see further positive results from The Talon target,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have targeted an area covering only about 20 per cent of the magnetic anomaly so there’s a lot of scope for further mineralisation at The Talon.

“The first drill hole on the western side of The Talon returned multiple high-grade intersections and highlighted the potential for stacked mineralised lodes to occur in the area.

“These new intersections are situated in a sparsely drilled area, which bodes well for a significant increase to our JORC Resources.

“At the eastern side of The Talon, the Leatherwood-Sediments contact continues to excite us.

“We have extended this very high-grade mineralisation 50 metres to the south and we will continue to target the contact to the east and south in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Stavely Minerals Confirms High-Grade Mt Ararat Extensions

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported results from a recent extensional diamond drilling program undertaken at the Mt Ararat VMS deposit, part of the company’s 100 per cent-owned Ararat project in Victoria.

Stavely Minerals completed two diamond drill holes at the Mt Ararat copper-gold-zinc VMS deposit, located approx. 40 kilometres of the company’s recent Cayley Lode discovery that extended the mineralisation at depth by approximately 100 metres.

SADD011 intersected mineralisation from 205.4m down-hole, including:
6.6 metres at 2.48 per cent copper, 0.38 grams per tonne gold and 0.39 per cent zinc (4.67g/t gold equivalent) (true width ~4m), including 1.1m at 6.7 per cent copper, 0.49g/t gold, 0.85 per cent zinc and 9.2g/t silver (11.99g/t AuEq) from 209m down-hole;

SADD012 intersected high-grade mineralisation from 299.9m down-hole, including:
6.1m at 3.15 per cent copper, 0.41g/t gold and 0.28 per cent zinc (5.8g/t AuEq) (true width ~4m), including 1m at 8.74 per cent copper, 1.72g/t gold, 0.77 per cent zinc and 13g/t silver (16.69g/t AuEq) from 301m.

Stavely Minerals said it anticipates progressing the Thursday’s Gossan project to the Scoping Study stage of economic studies once a maiden Mineral Resource Estimate is completed for the Cayley Lode, which is expected towards the end of calendar 2021.

The company believes that the high-grade VMS mineralisation at Mt Ararat could contribute to the future production profile.

Mt Ararat has an existing Mineral Resource estimate of 1.2 million tonnes at 2 per cent copper, 0.5g/t gold, 0.4 per cent zinc and 6g/t silver.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

Caspin Resources Identifies new PGE-Nickel-Copper Soil Anomalies at Yarawindah Brook

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) enjoyed a share price surge on the back of an ongoing soil geochemistry program at Yarabrook Hill, within the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.

Sampling at Yarabrook Hill had already defined a surface palladium anomaly (>6ppb) over at least three kilometres and beyond the extent of the historical drilling.

The recent sampling extended the soil anomalism to the northwest of recently completed drilling at Yarabrook Hill, with a large coherent PGE-nickel-copper anomaly extending over a 500m x 500m area.

Caspin described this as a potentially new, previously unrecognised intrusive position that has never been drill tested.

Further soil anomalism was also delineated to the north, which the company indicated requires further investigation.

The soil survey has also recognised a second PGE-nickel-copper anomaly in a parallel position 500m to the east of Yarabrook Hill, striking over 1.2km.

With very limited drilling in this area and no bedrock exposure, Caspin has yet to determine the source of the anomaly, however it believes it may represent an upthrown faulted extension of the main intrusion or a separate, unrecognised intrusion.

The soil geochemistry program has now identified several new PGE anomalies begging for further investigation.

These include Anomaly A, approximately 5km north of Yarabrook Hill hosting two coherent ‘lobes’, and Anomaly B, located approximately 6km north-east of Yarabrook Hill and described as a multi- ‘lobe’ anomaly with the main lobes 700 to 800m long with an additional lobe 200m further south with a peak palladium value of 8ppb.

“None of the project area outside Yarabrook Hill has undergone exploration for PGE-nickel-copper mineralisation, so this is an exciting development that may lead to a suite of new prospects being identified for drill testing,” Caspin Resources said in its ASX announcement.

“Approximately 65 per cent of the project remains untested to date, with further soil sampling to be conducted as the company progresses access agreements across the project area.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

 

Ardea Resources Ups Kalgoorlie Nickel Project Highway Deposit MRE

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported an updated JORC 2012-compliant Mineral Resource Estimate (MRE) for the Highway nickel deposit within the company’s 100 per cent-owned Kalgoorlie nickel project (KNP).

Ardea Resources considers the Highway deposit an integral element in a proposed mining and ore processing infrastructure development at the KNP Goongarrie Hub.

The Highway resources extend over a strike length of 5.7km and are located on a granted mining lease (M29/214) with Native Title Mining Agreement in place.

Ardea sees Highway operating as a satellite mining operation to the Goongarrie Hub deposits with high-grade ore trucked 30km south along the Goldfields Highway to a processing plant to be constructed immediately east of the high-grade Goongarrie South deposit.

“The Highway resource upgrade is an outstanding result, which when combined with the February 2021 Goongarrie resource update, has defined 67.5 million tonnes of Measured and Indicated mineral resource at one per cent nickel and 0.07 per cent cobalt (681kt nickel and 49kt cobalt) which are available for conversion to reserve as part of Ardea’s KNP, Goongarrie Hub feasibility study,”

“Ardea management have prescribed metallurgical circuit reliability as an essential design element; with the availability of this added resource an important step along that journey.

“More significantly, reflecting the detailed mineralogical material type work in the current study, we now have a well-defined source of mineralised neutraliser.

“This has a significant potential value upgrade for the KNP financial model, as it is expected to introduce additional nickel units to the project production profile.

“Based on the 2021 MRE, we have selected diamond drill core hole sites in proposed future Highway and Goongarrie pit locations to acquire drill core for our H2 2021 bench-scale metallurgical programs.

“A core drilling contract was let for mid-July 2021.

“The total KNP MRE is now 830 million tonnes at 0.71 per cent nickel and 0.046 per cent cobalt (5.9Mt nickel, 380kt cobalt).

“This is a world-significant asset located in an infrastructure rich location, within the best operating jurisdiction in the world.”

 

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au