Mako Gold Drilling Expands Tchaga Project

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THE DRILL SERGEANT: Mako Gold (ASX: MKG) reported assay results from reverse circulation (RC) and diamond drilling holes from an ongoing drilling program at the Tchaga prospect within the company’s Napié project in Côte d’Ivoire.

Mako gold said the latest results, including…

NARC404DD
17 metres at 3.06 grams per tonne gold; and

NARC419DD
9.85m at 6.63g/t gold.

…had validated the company’s methodical approach of infill drilling as well as drilling along-strike, and down-dip of previously identified mineralised lodes.

The system increases the footprint of each lode and targets new lodes, with the aim of delivering a Maiden Mineral Resource Estimate later this year.

“The footprint of the Tchaga project continues to expand as exploration progresses with further high-grade drill intersections and new largely untested lodes that have been defined,” Mako Gold managing director Peter Ledwidge said in the company’s ASX announcement.

“The deeper high-grade results reported are significant as these confirm the high-grade shoots within the broader mineralised envelope on multiple cross-sections.

“The confirmation of these high-grade intercepts at depth increases confidence in Mako being able to deliver a robust Maiden Mineral Resource Estimate with gold mineralisation present from surface to the base of a conceptual pit.

“Drilling is ongoing at Tchaga to further extend the strike-length of known mineralised lodes as well as the newly identified lodes.

“We look forward to providing constant news flow with our drilling progressing well and assay turnaround times back on track now that we are utilising two assay laboratories.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@makogold.com.au

 

Web: www.makogold.com.au

 

Thor Mining Awarded Northern Territory Government Drilling Funds

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THE DRILL SERGEANT: Thor Mining (ASX: THR) has picked up a Northern Territory Government grant for drilling at the company’s Molyhil project.

Thor Mining was awarded $110,000 from the NT Government as part of its Resourcing the Territory, Geophysics and Drilling Collaborations (GDC) program.

Thor indicated the funds will be used for drill testing of recently identified magnetic targets adjacent to the mineralisation at the Molyhil tungsten-molybdenum deposit.

The Molyhil deposit is located north-east of Alice Springs within the prospective polymetallic province of the Proterozoic Eastern Arunta Block in the NT.

In April this year, Thor released a revised Mineral Resource Estimate comprising Measured, Indicated, and Inferred Mineral Resources, totalling 4.4 million tonnes at 0.27 per cent tungsten, 0.1 per cent molybdenum, and 0.05 per cent copper.

“The successful grant is a strong validation by the Northern Territory Geological Survey of the prospectivity of the magnetic targets identified at Molyhil,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“We acknowledge and thank the Northern Territory Geological Survey and the NT Government for this positive exploration initiative.

“This is the third successful government grant Thor has received this year, towards co-funding of our upcoming 2021 drilling programs: three grants for three different projects in three different states.

“June will be a busy month with drilling commencing at Alford East project, SA next week, followed shortly thereafter at our USA uranium project and Ragged Range gold project in WA.”

 

 

 

Email: corporate@thormining.com

 

Web: www.thormining.com

 

Impact Minerals Encounters Visible Sulphides at Little Broken Hill Gabbro and Red Hill

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THE DRILL SERGEANT: Impact Minerals reported visible sulphide mineralisation being intersected in diamond drill core for the first time at Little Broken Hill Gabbro and Red Hill prospects at the company’s 100 per cent-owned Broken Hill project platinum group element (PGE)-copper-nickel project in New South Wales.

The fun kicked off at the Little Broken Hill Gabbro (LBHG), where hole RWIPT016 was drilled between two traverses of previous RC drill holes at Rockwell, which covers the northern third of the LBHG and where Impact has discovered very encouraging PGE-nickel-copper mineralisation over at least 1,500 metres of strike within the very poorly explored basal ultramafic unit.

Hole RWIPT016 intersected the basal 95m of the LBHG which comprises 71 metres of gabbro that overlies the target basal ultramafic unit which, in this location is 24m thick true width.

At Red Hill, two diamond drill holes were completed to follow up a previous drill intercept in RC hole RHIPT34, testing the southern contact of the Red Hill chonolith intrusion.

The new diamond holes intersected the basal contact of the intrusion at a depth of about 450m below surface.

“It is great to get a first look at the high tenor PGE-dominant mineralisation at the base of the Little Broken Hill Gabbro,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“The textures indicate the mineralisation is directly associated with magmatic processes at the base of host ultramafic unit and which have the potential to form a massive sulphide deposit in the right trap such as a basal channel structure as we have already discovered at Platinum Springs.

“We believe that such a channel may be close by and we look forward to getting a down hole EM survey underway to identify possible targets for massive sulphide as quickly as possible.

“A down hole survey is also planned at Red Hill where fine disseminated sulphide has been recognised in many places in the core and to determine if massive sulphide could be present below the base of the intrusion which has been faulted off.

“We will have to wait for assays to confirm the PGE grades and of course there are significant delays in laboratories across Australia at present.

“These delays have also affected the delivery of the assays from our Apsley drill program, despite promises from the laboratory, with further batches due by mid-June.

“We are very encouraged by the core at Broken Hill as it confirms our belief that the LBHG may potentially contain a significant reservoir of PGE’s and possibly nickel and copper.

“We have to remember that this is the first ever drill program to test the basal ultramafic unit and yet every drill hole that has intersected it has returned some level of mineralisation.

“It is evident that there is very significant potential along the entire length of the 6.5 kilometres long intrusion and we are gearing up towards a major follow up drill program at all of our prospects there as soon as practicable given we already have statutory permissions for a number of drill holes in place.

“We are in discussions with drill contractors and note that drill availability is much more reasonable in New South Wales than elsewhere in Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Miramar Resources Commences RC and Aircore Drilling at Gidji Project

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has commenced RC and aircore drilling at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie-Boulder in the Eastern Goldfields region of Western Australia.

Miramar Resources commenced the initial program of six RC holes that will test several targets at Gidji, including the Marylebone target that had been outlined by multiple aircore drill results of over 0.5 grams per tonne gold.

Marylebone extends for approximately 1.2 kilometres and remains open along strike to the northwest and southeast within the Boorara Shear Zone.

Unsurprisingly, the Phase 3 drilling follows a Phase 2 campaign, from which Miramar has received all assays showing it has been able to extend and upgrade each of the targets originally identified by Phase 1 drilling.

One to stand out outside Marylebone came from the Piccadilly target where GJAC251 returned a 36m thick layer of regolith gold anomalism between GJAC058 (1m at 4.53g/t gold EOH) and GJAC059 (1m at 0.83g/t gold EOH).

Miramar explained the drilling results at Piccadilly outline a target that is approximately 600m long and up to 250m wide with no bedrock drill testing at this stage.

The target will be tested as part of the current RC drilling campaign.

“The geology, structure and scale of the Marylebone target are remarkably similar to the 10 million ounce Paddington deposit, but Marylebone has seen no effective bedrock drill testing to date,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We intersected high-grade gold in a quartz vein at Marylebone with our first aircore program and the second phase aircore drilling grew the target footprint and upgraded the results.

“The magnetic data we have collected appears to show magnetite destruction that may be a result of gold mineralisation, so we are very excited about testing this target at depth for the first time.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Meteoric Resources Delivers Palm Springs Maiden Resource Ahead of Schedule

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) released its maiden Mineral Resource Estimate for the company’s Palm Springs gold project (PSGP) in Western Australia.

Meteoric Resources has established the MRE of 5.6 million tonnes at 2 grams per tonne gold for 357,000 ounces of gold – including 139,000 ounces of Indicated Resources – from two deposits with PSGP.

The Butchers Creek deposit includes remaining resources below the historic pit and has come in with:

Indicated: 1.9 million tonnes at 2.24g/t gold for 139,000 ounces gold; and
Inferred: 3.3 million tonnes at 1.7g/t gold for 180,000 ounces gold.

The Golden Crown deposit estimate has been restated under JORC 2012 criteria for:

Inferred: 390,000 tonnes at 3.1g/t gold for 38,000 ounces gold.

“This is the single most significant event for shareholders since I have been at the helm of Meteoric, accelerating our development timetable by 12 months and opening a range of exciting options to progress the Palm Springs Gold Project that had not previously been on the table,” Meteoric Resources managing director Andrew Tunks said in the company’s ASX announcement.

“Our ability to complete a successful exploration season at Palm Springs within months of acquiring the project contributed heavily to this maiden resource and these efforts have paid huge dividends.

“Particularly pleasing is the confidence established in the historic drilling, allowing the classification of significant Indicated Resources at Butchers Creek based on: the quality of the original data, close drill spacing, comparable/supporting results in 2020 drilling, comparisons with historic production, and the successful extension of mineralisation to the south.

“Ultimately this has resulted in a fabulous set of Resource numbers.

“It is equally important to recognise the implications of achieving Indicated Resource status for 40 per cent of the MRE.

“This will significantly reduce our planned exploration and development timelines.

“We have ceased pumping out the Butchers Creek Open Pit as there is no longer any need to validate the historic drilling prior to initiating economic/prefeasibility studies.

“In addition, the current 3,800 metres drill program is planned to both extend and increase confidence in the mineralisation at Butchers Creek, paving the way for a further Resource upgrade at the end of the current drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@meteoric.com.au

 

Web: www.meteoric.com.au

 

Stavely Minerals Hits New Cayley Lode Wide Copper-Gold Intercepts

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported the latest results achieved during an ongoing resource drilling program within the Cayley Lode discovery at the Thursday’s Gossan prospect, all part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely Minerals is undertaking the resource drill-out to extend the deposit to the south-east and at depth within, what is now a 1.5 kilometres-long discovery zone, implementing in-fill and step-out drilling.

Recent activity has produced assay results from diamond holes SMD151 and SMD152, plus visual observations from SMD159, all located in the southern sector of the resource drill-out.

Drill hole SMD152 intersected the Cayley Lode above the low-angle structure (LAS) including:

64.1m at 1.04 per cent copper, 0.13 grams per tonne gold and 3.5g/t silver (1.91g/t gold equivalent) from 219m down-hole.

This intersection included a hanging-wall intercept of 18m at 1.49 per cent copper, 0.1g/t gold and 4g/t silver, (2.63g/t gold equivalent) from 219m; and

A central intercept of 5m at 1.65 per cent copper, 0.27g/t gold and 5.6g/t silver (3.09g/t gold equivalent) from 249m; and

A foot-wall intercept of 9.7m at 2.48 per cent copper, 0.38g/t gold and 8.6g/t silver (4.61g/t gold equivalent) from 273.4m.

SMD152 also intersected a large low-grade shallow intercept in the chalcocite-enriched blanket of 111.3m at 0.35 per cent copper (0.58g/t gold equivalent) from 26.7m down-hole, including a higher-grade intercept of 7.4m at 1.44 per cent copper (2.39g/t gold equivalent) from 27.6m.

Drill hole SMD151, located further south, intersected both a large low-grade shallow intercept in the chalcocite-enriched blanket of 117m at 0.48 per cent copper (0.8g/t gold equivalent) from 77m down-hole, including a higher-grade intercept of 21m at 1.38 per cent copper (2.29g/t gold equivalent) from 78m.

SMD151 also intersected Cayley Lode copper-gold-silver mineralisation below the LAS returning 8m at 1.04 per cent copper, 0.1g/t gold and 6g/t silver (2.71g/t gold equivalent) from 410m down-hole.

“While we are finalising an access agreement to establish drill access south of the railway, we have taken the opportunity to drill into that area to confirm the potential that we always believed was there,”

“Drill hole SMD159, collared just north of the railway line, has encountered several discrete sulphide lodes over a drill interval of approximately 240 metres.

“Within that overall interval, the aggregate interval of lode mineralisation was 43 metres.

“While the drill hole is believed to be oblique to the mineralisation strike orientation, and the true width is unknown, SMD159 is an important drill hole as it provides definitive proof that high-grade copper-gold-silver mineralisation does extend at depth below the low-angle structure in the southern area.

“This is an important result which, together with other encouraging drill intercepts in the southern portion of the deposit, highlights the significant growth potential to the south – where we hope to be drilling as soon as we finalise access.

“We have included gold equivalent values for our intercepts for the first time as we feel investors may have lost touch with what one per cent copper is worth in relative terms, despite the historically strong gold price.

As at 1 June 2021, 0.6 per cent copper is of roughly equivalent value to one gram per tonne gold.

“The equivalency values do not take into account respective metallurgical recoveries.

“With low-grade intervals like the shallow chalcocite-enriched blanket in SMD151, with 117 metres at 0.48 per cent copper – equivalent to 0.8 grams per tonne gold – it becomes apparent that a potential open pit optimisation being pulled down on the high-grade Cayley Lode copper-gold-silver mineralisation will also capture large volumes of this material that will contribute to a sizeable low-grade stockpile separate to the high-grade Cayley Lode mineralisation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

Elementos Continues Oropesa Tin Encounters

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported on a current drilling campaign underway at the company’s Oropesa tin project in Spain.

Elementos informed the market of the receipt of assays for a further five diamond drill holes to follow 22 diamond drill holes previously reported from this program.

Results include:

Expn_010A
12.5 metres at 0.8 per cent tin from 36.3m, 6.7m at 0.31 per cent tin from 67.1m, 15.9m at 0.28 per cent tin from 100.6m;

Expn_052A
9m at 0.3 per cent tin from 84.6m, 10.1m at 0.24 per cent tin from 124.1m;

Expn_057
16.5m at 0.23 per cent tin from 19.4m, 5.5m at 0.39 per cent tin from 42.7m; and

Expn_060
22.9m at 0.28 per cent tin from 6.1m, 8.6m at 0.21 per cent tin from 59.0m, 22.6m at 0.23 per cent tin from 69.4m.

“The confirmation of the tin mineralisation continuity at Oropesa provides strong support that the company’s geological knowledge of the deposit is robust,” Elementos CEO Joe David said in the company’s ASX announcement.

“This continued confirmation has led to the recent announcement (20 May, 2021) by the company to commence feasibility development programs on the project whilst the drilling program is in its final stages.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

 

Alto Metals Continues High-Grade Sandstone Gold Results

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported further assay results from ongoing RC drilling currently underway at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals released the data that relates to four-metre composite results for 24 holes drilled at the Lords Corridor, targeting extensions of Lord Henry and the Orion Lode, and wide-spaced exploration drilling at the new Central Zone target.

The drilling at the new Central Zone within the Lords Corridor, is targeting an IP anomaly, from which Alto has continued to intercept broad zones of gold mineralisation, with new results including:

SRC321
24 metres at 1.1 grams per tonne gold from 88m, including 8m at 2.6g/t gold from 100m – Central IP Target.

The above intercept was located approx. 240 metres south of an intercept announced in March of:

SRC240
16m at 1.6g/t gold from 116m, including 4m at 5.3g/t gold from 124m.

Mineralisation within the new Central Zone has now been defined over a one kilometre strike and remains open.

Step-out drilling south of the Orion Lode, intersected gold mineralisation consistent with the geological targeting model, with new results including:

SRC289
16m at 0.7g/t gold from 188m EOH; and

SRC305
8m at 1.4g/t gold from 76m, including 4m at 2.5g/t gold from 80m.

At the time of release, Alto had four metre composite assays pending for a further RC 59 holes from approx. 12,000m of drilling, targeting extensions of known mineralisation at Lords Corridor and Vanguard and maiden first pass RC drilling at Chance.

RC and diamond drilling remains ongoing at the Lords Corridor, focused on completing the additional 10,000m of RC drilling and 3,000m of planned diamond drilling.

“These latest results, from beneath the historic Lord Henry pit, confirm the presence of high-grade gold mineralisation that remains open to the North,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Together with the ongoing results from Orion, the Central Zone and Vanguard, we see significant potential to make new discoveries at the Lords Corridor.

“With diamond drilling underway and ongoing RC drilling targeting extensions of known mineralisation, we intend to continue systematically exploring these priority targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Estrella Resources hits Further Carr Boyd Massive Sulphides

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) came out of a self-imposed trading halt to report an intersection of 6.75 metres of massive nickel-copper-iron sulphides within a broad zone of sulphide rich mineralisation at the company’s 100 per cent-owned Carr Boyd nickel-copper project, located just outside Kalgoorlie in Western Australia.

Estrella Resources encountered the intersection of large massive nickel-copper-iron sulphide intersection at the T5 discovery that was made in October last year and continues the company’s 100 per cent strike rate for nickel-copper-iron sulphides in its current Phase 3 diamond drilling program.

Estrella had designed hole CBDD054 as a platform hole from where it has drilled into an open area above CBDD0302 and CBDD0333, which both intersected massive to disseminated sulphides.

Hole CBDD054 intersected the basal contact between these two holes and a subsequent wedge hole – CBDD054A has been set for drilling of this exploration hole to target the area above the current intersection.

“We have hit another impressive massive sulphide zone in our Phase 3 drilling program, our best yet by far and with more drilling to come it is not unwarranted to expect more,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“It is a great reward for the patience that our team and shareholders have had in getting an understanding of the T5 geological setting.

“The significance of gaining an in-depth understanding of the local controls at T5 cannot be understated.

“We can take this understanding and begin to apply it to the broader T5 pyroxenite during Phase 4 exploration, and even beyond that.

“Seeing and understanding these broader geological phenomena allows us to trace sulphide flow through the Carr Boyd complex to additional and postulated trap sites as we know from our experience at T5 that they are often closely associated with massive nickel-copper sulphide formation.”

 

ESTRELLA RESOUCE MD CHRIS DAWS SPOKE WITH THE RESOURCES ROADHOUSE AT THE

RIU SYDNEY RESOURCES ROUNDUP

AND A COUPLE OF WEEKS LATER ON

THE ROADHOUSE VIDEO DIARY

 

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

 

Blackstone Minerals Confirms King Snake Extension

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported further assay results from drilling at the King Snake Massive Sulphide Vein (MSV) prospect within the company’s Ta Khoa nickel-copper-PGE project in Northern Vietnam.

King Snake is a high-priority MSV target at the Ta Khoa project that has produced continued excellent resource extension drilling results.

The latest drilling has carried on that trend, returning:

KS21-10
2.62 metres at 1.54 per cent nickel, 2.01 per cent copper, 0.06 per cent cobalt and 5.16 grams per tonne PGE from 254.08m, including 0.62m at 3 per cent nickel, 0.84 per cent copper, 0.11 per cent cobalt and 3.36g/t PGE from 254.08m;

KS21-11
2.92m at 0.9 per cent nickel, 0.54 per cent copper, 0.04 per cent cobalt and 1.6g/t PGE from 267.63m, including 1.67m at 1.33 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt and 1.17g/t PGE from 267.63m;

KS21-12
1.9m at 1 per cent nickel, 0.27 per cent copper, 0.04 per cent cobalt and 1.48g/t PGE from 349.9m, including 0.85m at 1.45 per cent nickel, 0.41 per cent copper, 0.05 per cent cobalt and 1.91g/t PGE from 349.9m; and

KS21-13
1.12m at 0.48 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt and 0.71g/t PGE from 243.58m, including 0.32m at 1.09 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.93g/t PGE from 243.58m.

Blackstone claimed the new intersections achieved in KS21-11 and KS21-12 together with historic drill results have defined a strike length of approx. 900m at King Snake which includes MSV, semi-massive sulphide vein (SMSV) and disseminated sulphides (DSS).

The King Snake MSV prospect remains on track for inclusion in the company’s Upstream Business Unit (UBU) PFS due later this year.

“King Snake is our most exciting active MSV drill target and we are pleased that it continues to deliver excellent results,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The latest drill results have extended strike at the King Snake prospect and we look forward to assessing the outcomes of DHEM currently being performed by our in-house geophysics team.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au