Peel Mining Reports Big Copper Intercepts at Wirlong Deposit

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported high-grade copper-mineralised intercepts from ongoing drilling underway at the company’s 100 per cent-owned Wirlong copper deposit.

The Wirlong deposit is part of Peel Mining’s South Cobar project near Cobar in Western New South Wales where the company is drilling to advance deposits to mineable resources in order to achieve critical mass in support of a new substantial centrally located processing plant.

Wirlong also represents a core part of the company’s focus on advancing its copper resources.

Latest assays received from the drilling have confirmed further very high-grade copper intercepts at the Wirlong copper deposit with new results including:

WLDD013
153 metres at 0.98 per cent copper, 3 grams per tonne silver Ag from 239m, including 45m at 2.19 per cent copper, 7g/t silver from 333m, including 24.4m at 3.68 per cent copper, 11g/t silver from 350m.

WLDD011
4m at 3.15 per cent copper, 13g/t silver from 81m; and
98m at 1.43 per cent copper, 5g/t silver from 261m, including 52m at 2.3 per cent copper, 8g/t silver from 296m, including 28m at 3.62 per cent copper, 12g/t silver from 306m.

Peel Mining indicated further zones of strong copper mineralisation have been visible in recent drilling.

The company has sampling continuing with assays pending for multiple drillholes with visible sulphide mineralisation.

“The latest drilling adds further confidence to the continuity of high-grade copper mineralisation at Wirlong, the primary target of our resource definition drilling program,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.

“Of significance is the broad halo of stockwork chalcopyrite mineralisation that we continue to encounter within many of our drillholes pointing to the greater metal endowment of the Wirlong mineral system.

“We believe that the Wirlong Central Zone represents the intersection of N-S and NW-SE striking structures, providing controls on the position of high-grade mineralisation, a structural setting analogous to the world class CSA Copper Mine.

“Once again, we look forward to reporting further significant intercepts in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Eagle Mountain Receives Positive Oracle Ridge Report from Skarn Expert

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) received a positive report from a world-renowned skarn expert in relation to the company’s 100 per cent-owned Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining recently received an initial technical report from Dr Larry Meinert, who was engaged earlier in the year to provide support to the company’s technical team.

Dr Meinert’s review included examination of drill core, mapping of underground formations and assay analysis.

Key conclusions from Dr Meinert’s report include:

• The southern extension to the Oracle Ridge mine area is prospective for additional copper-rich mineralisation;

• Potential for additional skarn-hosted mineralisation exists in the central and southern part of the Oracle Ridge mine area beneath the Leatherwood intrusive and forms a prime target for deeper drilling;

• Aeromagnetics is an effective tool in targeting copper mineralisation at Oracle Ridge; and

• Detailed logging of minerals across the deposit will allow vectoring towards copper-rich zones.

“Dr Meinert’s review of drill core, mineral assemblages and assays substantially supports and further enhances our view that the area below the Leatherwood intrusive in the mine area is prospective for further high-grade mineralisation,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“This review also adds confidence to our recent discovery of high-grade mineralisation outcropping along a four kilometres exposure of the Leatherwood lower contact at surface at OREX.

The combination of this discovery and Dr Meinert’s review provides further credibility that OREX is an exciting prospective target area.

“We are completing a UAV magnetic survey to define drill targets.

“Dr Meinert’s work on geochemical ratios pointed to additional potential skarn mineralisation in the southern areas of the mine.

“This area coincides with both a magnetic high anomaly over 750 metres long and the recent discovery of high-grade mineralisation along the upper Leatherwood intrusive contact, with drilling to be prioritised in this area.”

Eagle Mountain indicated Dr Meinert will continue to collaborate with its technical team to further improve the knowledge of the mineralisation system, evaluate exploration results at near mine targets including OREX, and define new prospective areas in the Oracle Ridge region.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Zenith Minerals Extends Red Mountain Gold Zone

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THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) reported on recent exploration drilling underway at the company’s 100 per cent-owned Red Mountain gold project located in Queensland.

Zenith Minerals said the drilling had produced highly encouraging high-grade gold drill assay results that have outlined a sub-vertical, shallow north east plunging, high-grade gold zone to a vertical depth of 200 metres.

The company achieved a new intersection in hole ZRMRD042 of:

21 metres at 1.9 grams per tonne gold, including 9m at 3.2g/t gold.

Zenith declared this had extended high-grade gold mineralisation 80m below a previously encountered intersection.

“Another solid high-grade drill intersection at Red Mountain on the north western flank in hole 042 firms up the location of the high-grade gold shoot which is now shown to be plunging to the northeast,” Zenith Minerals chairman Peter Bird said in the company’s ASX announcement.

“The company has to date only tested the northeast quadrant representing a fraction of the prospective “ring structure”.

“Resource definition will add significant value to the business.

“Red Mountain is only one of three exciting core projects being advanced by the company, whilst a fourth – the Earaheedy zinc-lead joint venture provides exciting additional value potential.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@zenithminerals.com.au

 

Web: www.zenithminerals.com.au

 

 

Latitude Consolidated Increases Murchison Gold Resource

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THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) increased the Mineral Resource of the company’s Murchison gold project in Western Australia.

Latitude Consolidated has taken its total Resource to 13.1 million tonnes at 2.6 grams per tonne gold for approx. 1.16 million ounces.

The increase rides on the back of a 125 per cent increase to the Mineral Resource estimate for the Turnberry deposit that now stands at 11.3 million tonnes at 1.7g/t gold for 610,000 ounces.

Latitude explained this is the first Mineral Resource update to be completed at Turnberry since May 2019 when it was considered a non-core asset by previous owner Silver Lake Resources.

“We continue to build on our large, existing high grade gold resource and this 125 per cent upgrade at Turnberry is a fantastic outcome for Latitude,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“In short order, we have been able to clearly demonstrate the true scale and growth potential of our high-grade gold projects in the prolific Western Australian gold producing region of the Murchison.

“Turnberry is a shallow, high-grade deposit that has significant strike of 1.5 kilometres and remains open at depth and along strike.

“Given the scale of mineralisation at Turnberry, the company is increasingly excited by the St Anne’s prospect, which lies 3.5 kilometres to the south of Turnberry and displays similar grade and width characteristics to that seen at Turnberry in the limited drilling completed at the prospect to date.

“We have a clear plan in place to grow the existing resource base through systematic drilling and with a suite of high-grade gold targets outside of the existing resource base we are looking forward to delivering further success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au

 

 

Trigg Mining Moves Lake Throssell to Next Stage

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THE DRILL SERGEANT: Trigg Mining (ASX: TMG) has wasted little time in moving to the next stage of evaluation and development of the company’s 100 per cent-owned Lake Throssell sulphate of potash (SOP) project in Western Australia.

Trigg Mining released a maiden Inferred Mineral Resource estimate just last week of 14.2 million tonnes of drainable SOP and has now commenced a lake surface trenching and test pumping program.

The program follows on from drilling campaigns that established the presence of a high-grade brine deposit within the lake surface and the entire palaeovalley sequence.

The trenching and test pumping program is designed to enable estimates of drainable porosity and permeability of the surficial aquifer to be calculated.

The program includes seven test pit locations and two 100m long trial trenches, with associated monitoring pits.

Pumping from the trial pits and trial trenches will create draw-down of the water table in the surrounding sediments which can be measured by the monitoring pits, with the rate and magnitude of the draw-down used to estimate drainable porosity and permeability of these sediments.

“We’re excited to be back in the field so quickly with the trenching and pump testing program now well underway,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.

“The data which we will gather from these work programs will be a crucial input for calculating an Indicated Mineral Resource for the surficial aquifer and in estimating potential flow rates, which will help to establish the economic parameters that will underpin our Scoping Study.

“Having a higher-confidence Indicated Resource will be an important de-risking step for the project and will also form the basis of our planned Scoping Study commencing in the second half of this year.

“Production flow rate data will help us to establish the potential production profile and, ultimately, economic and financial features of the project.

“Following our recently announced maiden Inferred Mineral Resource, this represents another really important step forward towards creating a major new sulphate of potash production hub at Lake Throssell.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@triggmining.com.au

 

Web: www.triggmining.com.au

 

 

Musgrave Minerals Increases Big Sky Strike Length

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Musgrave Minerals (ASX: MGV) reported new assay results from regional aircore drilling at the Big Sky prospect along the new gold corridor south-west of the Lena deposit on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals declared recent aircore drilling has further extended the regolith gold mineralisation to over 2.6 kilometres of continuous strike where it remains open to the north, south and down dip.

New intersections include:

21MUAC145
18 metres at 1.33 grams per tonne gold from 36m;

21MUAC155
42m at 0.46g/t gold from 12m to EOH, including 6m at 2.52g/t gold from 48m to EOH;

21MUAC184
12m at 0.97g/t gold from 48m;

21MUAC205
24m at 1.29g/t gold from 78m to EOH, including 6m at 3.8g/t gold from 84m;

21MUAC217
6m at 0.87g/t gold from 30m; and

21MUAC227
45m at 1.05g/t gold from 42m.

“The aircore drilling has continued to extend the strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena at Big Sky,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“This new system is masked from surface by a thin veneer (1-4m) of transported cover.

“The grade, extent and strong continuity of the Big Sky regolith mineralisation indicates the potential to host a significant mineralised system.

“A large follow-up, 10,000 metres RC drill program has commenced.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Venture Minerals Commissions Riley Iron Ore Mine Plant

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is poised to take advantage of the current iron ore price with the company commissioning a Wet Screening Plant at its Riley iron ore mine in Tasmania.

Venture Minerals has commenced the equipment commissioning phase at Riley having completed various stages of the installation phase of the plant construction.

The company explained the current Riley Mine economics are well above those determined by its August 2019 feasibility numbers, which were based on a US$90/tonne 62 per cent iron price, thanks to higher iron prices that have recently sat over the US$200/tonne mark.

“Venture’s Riley Development Team has successfully commenced commissioning of the plant,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Achieving this milestone of the installation schedule for the plant, keeps the first iron ore shipment on track for this quarter.

“The recent record iron ore price makes it a perfect time for the company to transform from explorer to producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Great Boulder Resources Commences Side Well Regional AC Drilling

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) has commenced a 60-hole air-core (AC) drilling program at the company’s Side Well gold project in Western Australia.

Following the company’s recently results from its Mulga Bill project, the AC drilling program is to test four regional targets within the Side Well project area.

This will include the first holes along strike from Doray Minerals’ historical intersection of

MNAC04631
3 metres at 35.5 grams per tonne gold from 76m.

This was drilled in a reconnaissance AC program completed in 2011.

Great Boulder will also test other targets, including areas it highlighted during examination of the VTEM conductivity data, as well as two areas of pathfinder anomalism from soil sampling completed east of Mulga Bill during 2020.

The program is expected to take approximately three weeks.

“Having completed AC drilling on a number of Whiteheads targets last week we’re now back on the ground at Side Well,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This is our fourth drilling program since the end of March.

“We are very keen to look at the geology at Matilda and see if we can extend mineralisation in the high-grade zone, as well as three other high priority untested targets in the region.

“The company also eagerly awaits the remaining results from the Mulga Bill RC program and the soil samples at Jones Well as we look to build a pipeline of prospects within the Side Well project.”

The remaining results in question include the current backlog of assays from Side Well, being 26 of the 29 RC holes drilled at Mulga Bill during April.

Two of the first three holes assayed intersected meaningful gold mineralisation, including:

21MBRC0022
6m at 31.2g/t hold from 130m.

These results are expected to be available in the next three to four weeks.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Hammer Metals Commences Mt Isa Drilling

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has commenced drilling at the company’s Mount Isa East project in Queensland.

Hammer Metals said the program will be drilling at a number of high priority 100 per cent-owned Hammer targets whilst also completing further drilling at the Mount Isa East JOGMEC Joint Venture Trafalgar copper gold discovery.

Hammer prospects in the gun include:

Lady Rose – located approximately 2km south-west of Trafalgar to determine the tenor and strike continuity of the copper and gold mineralisation observed at surface;

The Overlander North IOCG target – on its southern margin beneath a zone of strong iron oxide alteration and abundant gossanous scree;

Kalman West – at a magneto telluric target which is overlain by anomalous gold, copper, lead and zinc in soil sampling;

Serendipity (south of Kalman) – situated in a similar structural position to Hammer’s Kalman deposit;

Lakeview – approximately 7km along trend from Trafalgar and has historical artisanal mining shafts and outcropping copper/gold mineralisation; and

Kings and Charlotte – near Malbon with strong surface copper, gold and cobalt anomalism.

The company anticipates a second phase drill program will follow in H2 2021 to test known zones of mineralisation at Black Rock, Sunset, Smoko Gossan and Tiny Boot.

“The commencement of drilling in Mount Isa is pleasing and presents Hammer with its first opportunity since the Trafalgar discovery earlier this year to drill Hammer’s 100 per cent-owned prospects which sit along trend and in close proximity to the discovery,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The program, which has commenced, aims to test seven high-priority targets, some of which have not been previously drill tested and have shown promising signs of base metal mineralisation.

“Several promising prospects remain to be tested in the second half of 2021.

“It’s also great to see a return program at Trafalgar to follow up on our early success here and test for extensions of the copper and gold mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Blackstone Minerals Keeps Ta Khoa Drills Spinning

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported a hattrick of drilling results from its Massive Sulphide Vein (MSV) prospects at the company’s Ta Khoa nickel-copper-PGE project in North Vietnam.

At the Taipan Discovery Zone (TDZ), aka Ta Cuong, the discovery hole TC21-03 returned assays for nickel, copper, cobalt and platinum group elements (PGEs) across 35.25m of continuous mineralisation.

TC21-03
35.25 metres at 0.9 per cent nickel, 0.6 per cent copper, 0.05 per cent cobalt and 0.5 grams per tonne PGE from 18.35m, including 20.4m at 1.35 per cent nickel, 0.8 per cent copper, 0.07 per cent cobalt and 0.72g/t PGE from 27m.

Further assays were received from King Snake, following several visual occurrences of high-grade MSV, as well as initial confirmation of high-grade nickel, copper and PGEs.

Results targeting resource extensions at King Snake confirm its potential to add to Blackstone’s MSV mining inventory and supports the restart of the existing 450,000 tonnes per annum concentrator.

Results from King Snake include:

KS20-03
5.55m at 1.35 per cent nickel, 0.45 per cent copper, 0.05 per cent cobalt and 1.28g/t PGE from 204m, including 1.19m at 3.56 per cent nickel, 0.98 per cent copper, 0.13 per cent cobalt and 3.1g/t PGE from 205.38m;

KS21-04
10.45m at 0.32 per cent nickel, 0.22 per cent copper, 0.02 per cent cobalt and 0.33g/t PGE from 194m, including 0.63m at 3.77 per cent nickel, 2.11 per cent copper, 0.15 per cent cobalt and 2.33g/t PGE from 202.8m; and

KS21-06
3.13m at 1.23 per cent nickel, 0.75 per cent copper, 0.04 per cent cobalt and 2.03g/t PGE from 184.87m, including 1.12m at 2.19 per cent nickel, 0.93 per cent copper, 0.07 per cent cobalt and 2.72g/t PGE from 185.18m.

Infill drilling has been ongoing at the Ban Chang MSV prospect to support resource estimations and mining studies that will be incorporated into the Upstream Business Unit Pre-Feasibility Study (PFS).

Assay results for the Ban Chang MSV prospect include:

BC21-09
18.28m at 0.44 per cent nickel, 0.41 per cent copper, 0.03 per cent cobalt and 0.31g/t PGE from 64.72m, including 5.65m at 1.07 per cent nickel, 0.53 per cent copper, 0.06 per cent cobalt and 0.51g/t PGE from 68.75m;

BC21-10
15.3m at 0.72 per cent nickel, 0.45 per cent copper, 0.04 per cent cobalt and 0.36g/t PGE from 42.3m, including 5.01m at 1.67 per cent nickel, 1.01 per cent copper, 0.09 per cent cobalt and 0.95g/t PGE from 50.62m;

BC21-11
12.55m at 0.57 per cent nickel, 0.42 per cent copper, 0.03 per cent cobalt and 0.38g/t PGE from 43.1m, including 3.1m at 1.16 per cent nickel, 0.95 per cent copper, 0.06 per cent cobalt and 0.67g/t PGE from 46.9m; and

BC21-12
19.27m at 0.35 per cent nickel, 0.23 per cent copper, 0.02 per cent cobalt and 0.16g/t PGE from 23.73m, including 3.75m at 1.02 per cent nickel, 0.67 per cent copper, 0.06 per cent cobalt and 0.43g/t PGE from 37m.

“Ban Chang, King Snake and Ta Cuong are targeted for inclusion in the Upstream Business Unit PFS, which will incorporate restarting the existing 450,000 tonnes per annum concentrator on higher grade MSV feed,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“This will enable significant capital expenditure to be deferred for the 4 to 6 million tonnes per annum concentrator designed to treat our larger bulk disseminated orebodies such as Ban Phuc.

“We will continue to test additional MSV targets throughout the Ta Khoa district to build an inventory of high-grade feedstock for our downstream refinery business.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au