Firefinch Declares K2 as New Morila Satellite Deposit

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THE DRILL SERGEANT: Firefinch (ASX: FFX) has made the identification of a new satellite deposit at the company’s Morila gold mine in Mali.

Firefinch completed a recent drilling campaign on the K2 prospect that sits within trucking distance of the Morila mine.

Intercepts from the recent K2 drilling include:

KOTRC112
23 metres at 1.8 grams per tonne gold from 50m, including 1m at 13.1 g/t gold from 53m;

KOTRC115
7m at 3.02g/t gold from 19m and 2m at 10.06g/t gold from 55m;

KOTRC085
4m at 2.62g/t gold from 50m; and

KOTRC110
7m at 1.71 g/t Au from 11m.

K2, which was quickly promoted to deposit status, sits approximately 25 kilometres north-west of Morila and will be serviced by the proposed Koting haul road.

K2 lies 250 metres south-west of the planned Koting open pit and 1km NE of the company’s recent K3 South discovery, where drilling is currently ongoing.

“Our systematic exploration approach is paying off and generating tangible results for the company,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“The identification of the K2 deposit is another great result from our intensive drilling campaign.

“Finding and delineating a new source of oxide feed will provide additional flexibility to our milling options during the next 12 months as we ramp-up production and move towards re-commencement of mining at Morila.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Musgrave Minerals Adds-up White Heat and Numbers Results

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) provided further high-grade reverse circulation (RC) gold assay results from the White Heat and Numbers prospects on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals reported RC drilling at White Heat, situated 300 metres south of the Break of Day deposit, continues to confirm high-grade gold mineralisation near surface and has extended the mineralised high-grade shoot to 120m down plunge where it remains open.

New one-metre samples returned:

21MORC050
2 metres at 38.7 grams per tonne gold from 10m, including 1m at 74.9g/t gold from 10m;

21MORC065
3m at 12.3g/t gold from 107m, including 2m at 17.9g/t gold from 108m; and

21MORC052
2m at 9.4g/t gold from 109m.

Six-metre composite samples, included:

21MORC051
6m at 3.6g/t gold from 18m.

The Numbers prospect, approximately 3.5 kilometres south of Break of Day, already has an Inferred Resource of 278,000 tonnes at 2.46g/t gold for 22,000 ounces of gold.

Musgrave believes Numbers could become a satellite pit to a larger development at Break of Day/Lena.

New intersections from Numbers include:

21MORC071
12m at 9.1g/t gold from 48m, including 6m at 17g/t gold from 54m;

21MORC077
12m at 3.7g/t gold from 18m;

21MORC057
18m at 2.3g/t gold from 60m;

21MORC062
18m at 2g/t gold from 78m;

21MORC070
18m at 1.2g/t gold from 84m;

21MORC068
12m at 2.1g/t gold from 132m; and

21MORC064
12m at 3.6g/t gold from 54m.

“These high-grade, near surface gold results from White Heat and infill drilling at the Numbers prospect, together with the Big Sky discovery to the west, further highlight the discovery potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Diamond drilling will shortly be underway at White Heat to confirm and extend the mineralisation.

“At Big Sky, 900 metres to the west, the company is continuing a 10,000 metres RC drilling program to better define the basement mineralisation and is awaiting assay results for the 40 RC drill holes completed to date.”

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).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Azure Minerals Drills New Sulphides at Andover Discovery

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced the outcome ofrecent drilling activity at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals informed the market that drilling in the western part of the VC-07 mineralised corridor on the Andover project intersected two new broad zones of nickel-copper sulphide mineralisation.

The first hole (ANDD0041) to be drilled into two newly identified DHTEM conductors intersected two broad mineralised zones sitting approximately 200 metres apart (downhole) and about 400m west of the first Andover discovery (VC-07 East).

ANDD0041 intersected:

36.6m of matrix and heavily disseminated nickel-copper sulphides from 428.15m; and
28.9m of matrix, stringer and disseminated nickel-copper sulphides from 644.1m.

The company is already drilling to follow-up the sulphide mineralisation intersected in ANDD0041 with testing along strike to the west (ANDD0042) and for up-dip mineralised extensions (ANDD0045).

Azure has completed 43 diamond drill holes at Andover, with 35 holes drilled at VC-07 and eight holes drilled at VC-23.

Two diamond drill rigs are testing the VC-07 West mineralisation and a third rig is continuing to in-fill drill the VC-07 East mineralised zone for mineral resource estimation purposes.

 

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

 

Caspin Resources Intersects Broad Sulphide Zones at Yarabrook Hill

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported the completion of a diamond drill program at the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.

Caspin Resources drilled the two final holes of the program at Yarabrook Hill, both of which encountered meaningful widths of sulphides.

The first hole, YAD0017, intersected several zones of disseminated sulphide, consistent with that observed in a previous hole the company had drilled nearby, DNN05.

The second hole, YAD0018, also encountered similar styles of sulphide mineralisation, hosted by mafic to ultramafic rocks.

“The two holes at Yarabrook Hill have delivered exactly what we wanted to see, that is, mafic and ultramafic rocks with broad zones of copper and nickel sulphide mineralisation which we believe is a good visual proxy for potential PGE mineralisation,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“The holes are 1.25 kilometres apart, so the scale of the opportunity is significant.

“Now we wait with anticipation for the assay results.

“In the meantime, we are already planning the next work program. We are extremely grateful to have received a co-funded drilling grant through the WA Government Exploration Incentive Scheme.

“This is going to allow us to drill the deepest hole at Yarabrook Hill to date which will give us a huge amount of new geological information as well as another opportunity for discovery.

“While we wait for assay results, we will also commence work on our Mount Squires project which is highly prospective for gold, copper and nickel.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Kin Mining Hits High-Grade Gold at Eagle-Crow Prospect

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) released results from a recent follow-up air-core (AC) drilling program at the Eagle-Crow prospect, located on the western side of the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining said the results – achieved two kilometres west of the proposed processing plant location – have returned further meaningful zones of shallow, high-grade gold mineralisation, including:

EG21AC400
8 metres at 19.8 grams per tonne gold from 40m, including 4m at 38.8g/t gold from 44m;

EG21AC298
8m at 1.09g/t gold from 20m;

EG21AC310
4m at 1.93g/t gold from 28m;

EG21AC341
4m at 1.04g/t gold from 16m; and

EG21AC342
4m at 1.01g/t gold from 8m.

“These latest results further reinforce our enthusiasm about this western side of the Cardinia Gold Project, with Eagle-Crow showing plenty of early-stage similarities to the nearby Bruno-Lewis deposit and the rapidly-emerging Cardinia Hill deposit,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“Based on this successful air-core drilling program, we have now confirmed the presence of two parallel zones of mineralisation at Eagle-Crow, with follow-up RC and diamond drilling to be undertaken as soon as the rigs complete the current drill programs underway at Rangoon and Cardinia Hill, which is expected around mid-June.

“While Eagle-Crow remains an early-stage exploration target, the results that we’re seeing indicate exciting potential to delineate a new, shallow, high-grade gold discovery to organically grow the 1.23 million ounces Cardinia Gold Project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Meteoric Resources Commences 2020 Palm Springs Drill Campaign

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has commenced a drilling program at the company’s Palm Springs gold project, southeast of Halls Creek in the Kimberley region of Western Australia.

Meteoric Resources said the drilling would be targeting mineralisation on Mining License M80/106, situated south of the Butchers Creek Pit infill drilling of results achieved from the company’s 2020 drilling efforts.

The new drilling is expected to improve confidence in any stated resources with sections designed to extend the mineralisation another 160 metres south.

Ten holes have been planned to consist a combination of RC pre-collars with diamond drilling tails accounting for most holes, one of which is a re-entry into a RC hole drilled in 2020.

“After a pause across the northern wet season we are once again entering the most exciting phase of exploration: drilling,” Meteoric Resources managing director Andrew Tunks said in the company’s ASX announcement.

“Our maiden 2020 program highlighted several key geological features that have been used to meticulously plan the 2021 drilling.

“Namely; the gold mineralisation is stratabound within a volcanic trachyte unit and the high grades are preferentially located within the fold hinge of a regional scale anticline.

“These facts have allowed us to target untested hinge positions and to explore for further extensions to the know mineralisation southward to the edge of the mining lease.

“I am confident that with results like 69 metres at 4.4 grams per tonne gold in BCRD467 from the 2020 campaign to follow-up we will be intersecting more exciting high-grade zones and add significant gold ounces to the current open-pit resource.

“In addition, the exploration team has been onsite for several weeks laying the ground work for upcoming exploration such as setting up the onsite exploration camp, dewatering the Butchers Creek Open Pit and preparing for the proposed IP and Magnetic geophysical surveys.”

 

 

 

Web: www.meteoric.com.au

 

 

Ardea Resources Commences Highway and Black Range Nickel Sulphide Drilling

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported commencement of drilling of two strong IP chargeability anomalies within the company’s Kalgoorlie nickel project in Western Australia.

Ardea Resources has kicked off a program of RC drilling to test for nickel sulphide mineralisation at two strong Induced Polarisation (IP) chargeability anomalies, at the company’s Highway and Black Range project areas located 110km north and 65km north-west of Kalgoorlie, respectively.

“Ardea remains focussed on developing the Kalgoorlie Nickel Project (KNP) to provide sustainable and ethical nickel and Critical Mineral supply for the rapidly expanding lithium-ion battery sector,”
Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“In tandem with completing priority Definitive Feasibility Study work streams, compelling nickel sulphide and Critical Mineral exploration opportunities that can provide further upside, continue to be evaluated on Ardea’s strategic KNP tenement holding.

“The recently defined IP anomalies at Highway and Black Range, occurring in association with strong geochemical anomalies and other geological vectors is very significant.

“These anomalies provide compelling exploration targets, and it is exciting to see that drilling has now commenced to test them.

“Nickel sulphide mineralisation is traditionally treated through a flotation concentrator, but the proposed KNP flow-sheet is amenable to hydrometallurgical processing of sulphides, with multiple benefits for the autoclave operation.”

 

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

 

Mako Gold Extends Gogbala Gold Zone

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THE DRILL SERGEANT: Mako Gold (ASX: MKG) reported on recent drilling carried out at the company’s Napié project in Côte d’Ivoire.

Mako Gold received the assay results for the final 23 holes of a reverse circulation (RC) drill program from the Gogbala prospect, and for 13 holes of a RC drill program from Target H.

Intersections from final drill holes received at Gogbala include:

NARC352
5 metres at 3.28 grams per tonne gold from 91m, including 1m at 10.74g/t gold from 92m; and

NARC351
3m at 2.36g/t gold from 42m.

Wide-spaced drilling on Target H returned:

NARC366
22m at 0.25g/t gold.

Mako Gold declared these results have confirmed the continuity of the mineralised gold system between the Gogbala and Tchaga prospects.

“We are highly encouraged by the overall success of our reconnaissance drilling at the Gogbala prospect,” Mako Gold managing director Peter Ledwidge said in the company’s ASX announcement.

“The final results…in conjunction with our previously reported results, from drilling on fourteen widely spaced drill fences, have delineated two high-priority one kilometre-long targets for follow-up drilling as well as five secondary targets over a four kilometres strike-length for follow-up step-out drilling.

“Each one kilometre-long target is similar in size as the main body of the Tchaga prospect, which we are currently advancing towards a maiden resource, and they may potentially host high-grade deposits comparable to Tchaga.

“The company’s short-term focus is to deliver the maiden resource on Tchaga.

“Following this, the two high priority drill targets outlined in this drill program on Gogbala will become the focus of intense drilling in order to deliver significant growth to the Napié project.

“In addition, 13 exploration holes drilled on Target H in four wide-spaced fences between the Gogbala and Tchaga prospects have confirmed gold mineralisation between the two most advanced prospects along the 30 kilometres shear on the Napié Permit and warrant follow up drilling in the future to locate higher-grade lodes.

“Drilling is ongoing at Tchaga and the laboratory issues have been resolved.

“We look forward to providing drilling results as they come to hand.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@makogold.com.au

 

Web: www.makogold.com.au

 

Elementos Commences Feasibility Programs at Oropesa Tin Project.

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THE DRILL SERGEANT: Elementos (ASX: ELT) announced the commencement of feasibility development programs at the company’s Oropesa tin project in Spain.

Elementos said the activity will consist of a series of metallurgical, geotechnical and hydrogeological investigations, supported by laboratory test work and engineering studies.

The upcoming work is to be funded by proceeds from the company’s recent capital raising, with the studies to be run in parallel with the current resource drilling program and planned Mineral Resource Estimate update.

“Elementos has approved these programs due to the continued encouraging results we have seen from the resource drill program and the overwhelming support we’ve received from our shareholders and the strong interest in Oropesa from the wider global tin market,” Elementos CEO Joe David said in the company’s ASX announcement.

“The parallel tracking of these programs with the final resource drilling and Mineral Resource Estimate will put the company in the best possible position to finalise the evaluation and development of the Oropesa tin project.”

 

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Firefinch Commissions Morila Comminution Circuit

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THE DRILL SERGEANT: Firefinch (ASX: FFX) has continued to maintain the pace of development at the company’s Morila gold project in Mali.

Firefinch announced that commissioning of the comminution circuit at the Morila gold mine has commenced using feed from Morila Pit 5 and stockpiles.

The comminution circuit commissioning is the second stage of the company’s ramp-up strategy, under which open pit mining of Morila’s satellite pits is forecast to increase production from approximately 50,000 ounces of gold in 2021, to approximately 120,000 ounces in 2022.

“It was only last week that I expressed our excitement about commencing mining operations at Morila Pit 5,” Firefinch managing director Dr Mike Anderson said in the company’s ASX announcement.

“Now the team are commissioning the comminution circuit, and Morila Pit 5 ore will be fed today.

“What an outcome, and what tremendous momentum we have.

“Pleasingly the work has again been undertaken safely, by Malian contractors with local workforces, on time and on budget.”

Since acquiring the Morila Gold Mine in November 2020, Firefinch has implemented a program of work to refurbish key steel structures in the comminution circuit, prepare the crushers, screens and all components of the plant for operation.

Approximately U$2.5 million dollars has been spent on the refurbishments, with all work having been undertaken by Malian owned and operated contractors, and their local workforces.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com