Auteco Minerals Claims Shallow High-Grade Gold Discovery at Pickle Lake

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) claimed a new discovery – the Carey shallow high-grade gold discovery – at the company’s Pickle Crow gold project in Canada.

Auteco Minerals explained the Carey discovery was the first in a series of shallow exploration targets tested by Auteco, which the company said highlights the potential for open pit mining in addition to what was historically a narrow-vein underground operation at Pickle Crow.

Carey discovery intersections include:

AUDD0158
20.4 metres at 5.3g/t gold from 102.7m, including 2.2m at 39.3g/t (New Structural Zone);

AUDD0137
13.8m at 2g/t gold from 29.8m in (New Structure);

AUDD0141
16.5m at 2.2g/t gold from 160.6m in (New Structure);

AUDD0138
6.5m at 4.6g/t gold from 86.5m in (New Structure); and

AUDD0134
4.5m at 3.5g/t gold from 54.3m in (New Structure).

In addition to the Carey discovery, Auteco has also extended the known high-grade underground mineralisation in the Shaft 3 area, from which drilling results will help underpin a Resource update set to be completed next month.

The existing Pickle Crow Inferred Resource stands at 1 million ounces at 11.3g/t gold.

“The latest drilling program has been a huge success and we will further capitalise on this success with additional drilling,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“The high grades and the substantial widths of the new mineralisation highlight the potential for highly beneficial bulk mining methods to be used, either as wider stopes in an underground setting or as an open pit.

“We will now complete the Resource update in parallel with starting the new drilling program.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

 

Horizon Gold Drills Encouragement at Gum Creek Gold Project Targets

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THE DRILL SERGEANT: Horizon Gold (ASX: HRN) has had the RC drilling rigs spinning, producing encouraging results at the company’s 100 per cent-owned Gum Creek gold project located in the Mid-West Region of Western Australia.

Horizon Gold reported assay results from recent RC drilling carried out at the Swift, Swan and Eagle target areas.

Swift Trend

15 metres at 4 grams per tonne gold from 145m
11m at 3.5g/t gold from 114m
6m at 2.6g/t gold from 134m

Horizon Gold intimated the Swift Trend drilling confirmed the locations of interpreted high-grade plunging gold shoots, and the presence of broad zones of potentially open pit gold mineralisation in the Swift resource area.

Swan Trend

6m at 5.4g/t gold from 115m
8m at 3.7g/t gold from 40m
12m at 1.6g/t gold from 79m
13m at 1.3g/t gold from 112m

Shallow mineralisation encountered by the recent drilling is not part of the current Swan MRE. Infill and extension resource drilling is being planned.

Eagle Prospect

7m at 5.5g/t gold from 169m
4m at 3.3g/t gold from 173m

The results confirm plunging gold shoots the company had previously interpreted while highlighting potential for high gold grades at depth.

Horizon has subsequently completed initial infill and extension RC drilling at the Kingston Town and Howards prospects and has commenced further drilling at the Manikato prospect.

Results from these prospects are pending.

Programs of Work have been approved or lodged for infill and extension drilling for further targets, and program design has commenced for RC drilling at others.

Horizon Gold considers all target areas have the potential to quickly add meaningful ounces to the Gum Creek MRE.

“This is an exciting time for Horizon Gold, and we’re highly encouraged by the early infill and extensional drilling results from the Eagle, Swan and Swift areas,” Horizon Gold managing director Leigh Ryan said in the company’s ASX announcement.

“Drilling is continuing to test the numerous high priority mineralised targets delineated during the comprehensive Geological Review announced in February, and once this work is completed, we look forward to delivering an updated Mineral Resource Estimate for the Gum Creek gold project.”

 

 

 

Email: info@horizongold.com.au

 

Web: www.horizongold.com.au

 

 

Ardiden Preparing to Drill Western Hub Tier-1 Targets

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THE DRILL SERGEANT: Ardiden (ASX: ADV) reported on recent and upcoming activities for the company’s Pickle Lake gold project in Canada.

For the benefit of those who came in late, the Pickle Lake gold project is a continuous District-Scale land tenure package of 870 square kilometres situated east of Red Lake in northwest Ontario.

The connected tenure is majority 100 per cent owned by Ardiden and currently contains 22 identified gold deposits and prospects that the company is systematically exploring.

The Pickle Lake project has been subdivided into three geographical ‘hubs’: the Southern, Eastern, and Western Hubs, the last of which encompasses 50km of under-explored prospective strike length that includes the Esker gold prospect.

An airborne VLF-EM detail Geophysical Survey and structural interpretation has identified additional Tier-1 Scale Gold Targets along the 50km strike at the Western Hub.

Ardiden is currently planning fieldwork at the Esker Gold Prospect as soon as First Nation Agreements are in place.

“The Western Hub evaluation has started to come together and is presenting strong similarities to other recent gold discoveries located along the same greenstone belt in the Red Lake area,” Ardiden MD and CEO Rob Longley said in the company’s ASX announcement.

“Implementation of an initial drill programme at the Esker gold prospect will be our key focus.

“Esker will be Ardiden’s first step onto the Western Hub.

“This highly prospective structure exhibits similarities to the geological setting at Great Bear Resources’ Dixie/LP Fault, which is located to our west at Red Lake.

“Drilling at Esker requires MoUs with First Nation stakeholders.

“The company is well advanced in its negotiations and can point to a responsible reputation in the area as Ardiden has delivered on all its commitments with the neighbouring Mishkeegogamang FN group at our fully permitted Kasagiminnis and South Limb gold prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

 

Golden Mile Resources Flying Airborne EM Survey at Yarrambee

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) is having a helicopter borne electromagnetic (HEM) survey carried out at the company’s Yarrambee project in the Murchison Region of Western Australia.

The Yarrambee project covers prospective portions of the Narndee Igneous Complex (NIC) approximately 500 kilometres north-east of Perth, where Golden Mile is targeting ‘feeder-systems’ associated with mafic-ultramafic intrusions, usually considered prospective for nickel-copper-platinum group element (PGE) mineralisation like others in WA, including Nova-Bollinger in the Fraser Range (ASX: IGO) and Julimar in the Darling Ranges (ASX: CHN).

Yarrambee also covers portions of the surrounding Yaloginda Formation, which Golden Miles considers prospective for volcanogenic massive sulphide (VMS) copper-zinc mineralisation, including two high quality, advanced prospects identified at Narndee and Yalanga Bore.

Golden Mile has engaged NRG Australia to fly the HEM survey over prospective parts of the NIC utilising the latest generation proprietary Excite system with the aim to identify conductors prospective for nickel-copper-PGE and copper-zinc sulphide mineralisation.

“This is an exciting opportunity for the company to apply modern exploration techniques over a large landholding in Western Australia with demonstrated prospectivity to host magmatic nickel-copper-PGE and VMS base metals deposits,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Modern airborne electromagnetics such as the company’s upcoming Excite survey are proven to be an effective tool to quickly screen large areas for metal-rich massive sulphide accumulations, and our focus will be to identify and refine targets for drill testing as soon as we can in the coming months.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com

 

Web: www.goldenmileresources.com

 

 

Latitude Consolidated Claims New Mineralised Trend Discovery at Andy Well

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) claimed discovery of a new mineralised gold trend at the company’s Murchison gold project in Western Australia.

Drilling completed by Latitude at the Suzie North Exploration Target, part of a current Phase 1 program, was designed to target a northwest-southeast striking system, which the company said is the first time this style of mineralisation has been specifically targeted at Andy Well.

The first three holes were drilled to define the strike orientation and dip of the mineralisation.

Latitude Consolidated explained that due to the mineralisation being oriented more acutely than it had initially interpreted only one of the three holes (21AWRC0003) intersected the Suzie North mineralisation.

However, the company indicated that when this drilling is viewed in conjunction with historical diamond drill hole WBUG0124 (drilled in 2013), it believes there is sufficient data available to interpret the strike orientation of the mineralisation.

Drilling at Suzie North included hole 21AWRC0003 that intersected:

7 metres at 1.9 grams per tonne gold from 121m, including 1m at 9.59g/t gold.

The two other holes completed at Suzie North appear to have intersected a parallel footwall lode but failed to intersect the primary mineralisation:

21AWRC0001
5m at 0.5g/t gold from 103m, including 2m at 1.07g/t gold; and

21AWRC000
7m at 0.64g/t gold from 162m, including 1m at 1.76g/t gold.

“This is an extremely exciting step forward for Latitude with the newly identified northwest-southeast mineralisation providing a new exploration targeting lens at Andy Well,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“The company notes there have been several major discoveries recently, both in the Murchison and other parts of the Yilgarn, where a new strike orientation has been identified and the resulting discoveries have been found to host significant mineralisation.

“We plan to test this potential at our Murchison gold project as we push ahead with the Phase 2 exploration program.

“Importantly with the support of our shareholders we have the funding in place to complete this work at an aggressive pace with a strong cash balance of approx. $9.5 million at the date of this announcement.

“We are expecting further assays to be received from drilling completed at several promising exploration targets within our portfolio and I look forward to reporting further updates in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au

 

Azure Minerals Goes Seven for Seven from Andover Drilling

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported some drilling success from the company’s Andover nickel-copper project in Western Australia.

Azure Minerals claimed a 100 per cent hit rate at Andover with seven recently drilled holes (ANDD0043 to ANDD0049) all intersecting broad zones of nickel-copper sulphide mineralisation within the VC-07 mineralised corridor on the project.

Results include:

VC-07 WEST

ANDD0045
4 metres of semi-massive and matrix nickel-copper sulphides from 486.6m; and
6.6m of semi-massive and heavily disseminated nickel-copper sulphides from 602.5m;

ANDD0048
16.8m of heavily disseminated nickel-copper sulphides from 366.7m;

ANDD0049
7.5m of matrix and disseminated nickel-copper sulphides from 419.7m; and
17.2m of semi-massive, matrix and heavily disseminated nickel-copper sulphides from 472.4m.

VC-07 EAST

ANDD0043
16.8m of massive, semi-massive, matrix and disseminated nickel-copper sulphides from 460.1m;

ANDD0044
4.3m of matrix and disseminated nickel-copper sulphides from 408.2m; and o 7.9m of massive, semi-massive and matrix nickel-copper sulphides from 431.4m;

ANDD0046
25.9m of massive, semi-massive, matrix and disseminated nickel-copper sulphides from 389.2m; and

ANDD0047
13.6m of massive, semi-massive, matrix and disseminated nickel-copper sulphides from 554.2m.

Azure Minerals claimed these intersections confirm that the nickel-copper sulphide mineralisation hosted within the VC-07 East mineralised zone demonstrates good internal continuity of grade and thickness that is in line with the company’s expectations.

Extensional drilling is increasing the size of the mineralised zone while DHTEM surveying in the extensional drill holes has identified strong EM conductance continuing to depth beneath the deepest drill holes, indicating the depth potential of the VC-07 East mineralised body.

“It’s very pleasing that our drilling continues to have great success intersecting more and more zones of nickel-copper sulphide mineralisation within the VC-07 mineralised corridor,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.
“As with our earlier drilling, these latest mineralised intersections are coincident with Electromagnetic (EM) conductors, confirming the strong association of nickel-copper sulphide mineralisation with EM conductance.

“With multiple mineralised drill hits and numerous nearby EM conductors that are yet to be drilled, the western part of the VC-07 corridor is shaping up very nicely to host a substantial body of nickel-copper sulphide mineralisation.

“Meanwhile the in-fill and extensional mineral resource drilling at VC-07 East continues to intersect mineralisation in line with expectations.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Ionic Rare Earths Commences Phase 4 Infill Drilling at Makuutu

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THE DRILL SERGEANT: Ionic Rare Earths (ASX: IXR) has commenced a Phase 4 drill program at the company’s 51 per cent-owned Makuutu rare earths project in Uganda.

Ionic Rare Earths indicated the drill program will aim at converting a healthy portion of the current Inferred Resources on RL 1693 to an Indicated Resource classification, plus also converting RL 1693 Exploration Targets to classified resources.

The company reported a Mineral Resource Estimate (MRE) in March of 315 million tonnes at 650 parts per million (ppm) total rare earth oxide (TREO) with a cut-off grade of 200 ppm TREO minus cerium oxide.

Ionic also recently announced a Rare Earths Scoping Study for Makuutu that was primarily supported by the Indicated Resource, which reflected some 27 per cent of the total MRE.

The infill drill program is to be carried out primarily to increase the Indicated Resource base to support future studies at Makuutu, including a Feasibility Study.

“We are glad to have resumed core drilling at Makuutu,” Ionic Rare Earths managing director Tim Harrison said in the company’s ASX announcement.

“We have ambitious plans for next six months, and with a second rig due to arrive on site in coming days, we expect to complete a substantial amount of core drilling during this Phase 4 program.

“The plan is to work towards converting the majority of the higher grade Inferred Resource base at RL 1693 to Indicated Resources over the second half of 2021.

“Additionally, we are working on the required drilling to define a measured resource base at RL 1693, and to help deliver this, a third drill rig is being coordinated to arrive at site in the second half of July.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ionicre.com.au

 

Web: www.ionicre.com.au

 

Genesis Minerals Drills Puzzle North Growth

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported results from ongoing exploration drilling underway at the company’s 1.6 million ounces Ulysses gold project in Western Australia.

Genesis Minerals achieved the latest results from its recently discovered Puzzle North prospect, located 700m north of the 59,000 ounce Puzzle deposit that was first reported by Genesis in April, including some of the best drilling results ever reported by Genesis in the history of the Ulysses project.

The company indicated the new results, which follow visible gold hits reported recently from the Admiral deposit, continue to highlight the upside potential across the Ulysses project, including the strong potential to make new discoveries.

Results from recent Puzzle North drilling include:

21USRC911
40 metres at 2.52g/t gold from 44m;

21USRC912
84m at 1.98g/t gold from 84m, including 10m at 6.31g/t gold from 116m, including 8m at 5.94g/t gold from 157m;

21USRC914
31m at 1.02g/t gold from 56m;

21USRC915
19m at 1.41g/t gold from 94m;

21USRC916
11m at 4.23g/t gold from 89m;

21USRC917
18m at 0.69g/t gold from 61m;

21USRC852
34m at 1.16g/t gold from 101m (extension);

21USRC852
3m at 3.4g/t gold from 148m (extension); and

21USRC855
60m at 3.03g/t gold from 106m, including 8m at 12.9g/t gold from 126m (extension).

“The Puzzle North discovery is developing into a significant zone of shallow gold mineralisation that clearly has the makings of a new open pit mine,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“The width, tenor, grade and shallow nature of the mineralisation suggests that we can quickly build ounces at Puzzle North.

“Drilling will re-commence there as soon as possible in the next few weeks with both RC and diamond drilling to be completed in enough detail to allow an initial Mineral Resource Estimate as soon as possible.

“What is really exciting for us is that some of the best results we have seen to date at Ulysses have come in the last three months as we have started in our search for significant extensions to our known resources and hunt for new discoveries.

“The recent drilling may have a significant impact on our development plan – particularly the exciting shallow results at Puzzle North and the high-grade zone at Admiral deeps – and we are considering the possibility of including these new elements in our Feasibility Study.”

 

 

 

Email: info@geneisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Hastings Technology Metals Metallurgical Testing Enhances Yangibana Project

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THE DRILL SERGEANT: Hastings Technology Metals (ASX: HAS) released results from metallurgical test work carried out on drilling samples from Simon’s Find, one of the key deposits that make up the company’s Yangibana rare earths project in the Gascoyne region of Western Australia.

The Simon’s Find deposit is part of the eight kilometres-long Bald Hill – Simon’s Find – Frasers mineralised trend and is located close to the site of Yangibana’s proposed process plant and infrastructure.

Hasting Technology Metals’ metallurgical test work from Simon’s Find deposit has delivered strong results, including:

o 86 per cent beneficiation recovery generating a concentrate grade of 8.9 per cent neodymium from flotation test work; and

o 98 per cent recovery through hydrometallurgical acid bake and water leach test work on flotation samples.

Results show an average beneficiation neodymium upgrade factor of 28 times from the calculated head grade, equivalent to a concentrate grade of 19 per cent total rare earths oxide (TREO).

Upgrade factors up to 50 times the calculated head grade produced a concentrate grade up to 29 per cent TREO in many samples.

Hastings explained the mineralisation at Simon’s Find contains the highest level of neodymium and praseodymium to TREO across all deposits at Yangibana.

The company claimed them to be the highest neodymium and praseodymium levels of any known rare earths project in the world.

“The metallurgical test work carried out at Simon Find’s underscores the potential that we have at Yangibana,” Hastings Technology Metals chief operating officer Andrew Reid said in the company’s ASX announcement.

“These latest results continue to give us confidence in the multiple pathways we have to achieving high process recoveries and concentrate grades from the Yangibana project.

“Simon’s Find is delivering stand-out results that are remarkable given the low head grade of the deposit.

“Further test work will enable us to optimise the various aspects of our metallurgical program in terms of capital, operating costs, recoveries and operability.

“Simon’s Find further highlights Yangibana’s potential to become a source rich in NdPr (neodymium and praseodymium).

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

Web: www.hastingstechmetals.com

 

 

Dreadnought Resources Identifies Outcropping REE at Mangaroon Project

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced high-grade REE assays from previously unsampled ironstone outcrops at the Yin prospect, within the company’s Mangaroon project in the Gascoyne region of Western Australia.

Dreadnought Resources reported it had achieved rock chip samples from outcropping ironstones at the 2.5 kilometres long Yin prospect that returned assays up to 11.2 per cent Total Rare Earth Oxide (TREO).

The company claimed the results from the Yin prospect exhibit similar characteristics to the nearby Yangibana REE project that is currently under construction and development by Hastings Technology Metals (ASX: HAS).

To date, Dreadnought has identified twelve REE prospects based on thorium radiometric anomalies coincident with apparent ironstone outcrops.

Eleven other REE prospects remain to be inspected and field work is currently being undertaken to assess these prospects in addition to the strike extents of Yin.

“The number of prospects identified, combined with the high-grades of rare earths at Yin has been an interesting development for us at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“Further work is underway to determine the potential scale and implications of this opportunity.

“In the interim, we remain focused on drilling at our Kimberley project with rigs and personnel mobilising on schedule in June 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com

 

Web: www.dreadnoughtresources.com