Azure Minerals Extends Strike and Depth at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) encountered massive, semi-massive and matrix nickel-copper sulphides during on-going exploration and resource definition drilling campaign at the VC-07 prospect on the company’s Andover nickel copper project located in the West Pilbara region of Western Australia.

Latest results include:

ANDD0014
11.6 metres at 1.01 per cent nickel Ni and 0.32 per cent copper from 455.9m;

ANDD0015
33.1m at 1.02 per cent nickel and 0.53 per cent copper from 434.5m, including: 16.7m at 1.67 per cent nickel and 0.88 per cent copper from 434.5m;

ANDD0020
15.4m at 1.05 per cent nickel and 0.66 per cent copper from 376.1m; and

ANDD0021
14.8m at 1.77 per cent nickel and 0.69 per cent copper from 176.1m, including: 5.8m at 2.81 per cent nickel and 0.67 per cent copper from 176.1m.

“The mineralised body has now been defined over a continuous east-west strike length exceeding 300 metres with mineralisation extending from near-surface to more than 500 metres below surface,” Azure Minerals said in its ASX announcement.

“DHTEM conductors associated with the sulphide mineralisation continue to extend down-dip below the deepest drill holes, indicating the significant depth potential of the VC-07 mineralised body.”

To support and advance exploration across the Andover project area, Azure recently completed a close-spaced, high resolution aerial magnetic survey.

Data from the survey is currently being processed and will help advance the understanding of the Andover layered mafic-ultramafic intrusive complex and refine target areas for future exploration.

Diamond drilling continues to test the down-dip and western strike extensions of the VC-07 mineralised system and in-fill drilling is on-going to ensure the hole spacing will be suitable for the mineral resource estimation process.

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Dreadnought Resources Identifies Regional Illara Targets

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced results of a regional soil sampling program undertaken at the company’s Illaara project in Western Australia.

Dreadnought Resources has analysed over 11,000 soil samples, generating a range of new gold and base metal targets.

The company has follow up mapping and surface sampling underway with an aim to have targets defined for drill testing in the December quarter of 2021.

New targets include five more advanced anomalies:

CRA Homestead, Spitfire and Defiance gold anomalies;
Nelson base metal anomaly; and
Lawrence’s Corridor swarm of pegmatites with anomalous LCT values.

“Before this regional soil program, only portions of the Metzke’s, Lawrence’ s and Central Illaara areas had been covered with first pass soil sampling,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This program has successfully identified a number of new gold corridors in different lithostructural settings to the Metzke’s and Lawrence’s Corridors.

“Encouragingly, a new base metal VMS target, Nelson, has been defined with the strongest base metal-in-soil anomaly to date.

“The program also highlighted a strong and coherent lithium-caesium-tantalum anomaly within the Lawrence’s Corridor.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

St George Mining Identifies New Massive Sulphide Targets

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified multiple new targets for nickel-copper sulphides at the company’s high-grade Mt Alexander project in the north-eastern Goldfields of Western Australia.

St George Mining explained that earlier ground-based EM surveys completed along the Cathedrals Belt had identified shallow EM conductors that resulted in subsequent nickel-copper sulphide discoveries at Stricklands, Investigators, Cathedrals and Radar.

However, the ground-based EM surveys were of limited effectiveness at West End because of the conductive cover to the west of Investigators.

The company has now completed a high-resolution ground gravity survey over West End and Investigators that has provided new data that supports the prospectivity of the area for nickel-copper sulphides.

“The results of the gravity survey are very exciting and could provide a great advance in the targeting of nickel-copper sulphides in the Cathedrals Belt,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“A number of the gravity features are compelling drill targets for massive sulphides.

“These gravity highs are located within the interpreted trend of the mineralised intrusive host unit, an ideal location for dense massive sulphides.

“The concurrent use of downhole EM and drilling is continuing to provide a vector to mineralisation at depth.

“The multiple EM plates modelled around the new high-grade discovery in MAD199 support the potential for further high-grade mineralisation in this area.”

St George indicated an additional drill program is being planned to test the new gravity features.

The targets are in areas with no previous drilling, which requires earthworks and access routes to be prepared prior to drilling, requiring approval of a new Program of Works.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stgm.com.au

 

Web: www.stgm.com.au

 

Coda Minerals Extends Copper-Cobalt Mineralisation at Emmie Bluff

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported the final round of assay results from its two-phase, 17-hole diamond drill program at the Emmie Bluff prospect, part of the company’s Elizabeth Creek project located in the Olympic Copper Province in South Australia.

Coda Minerals is the operator and majority owner of the Elizabeth Creek project, holding a 70 per cent interest alongside Torrens Mining (ASX: TRN) with 30 per cent.

The company declared the most recent round of assays as some of the highest-grade intercepts it has encountered at Emmie Bluff to date.

The best assays from the most recent round include:

DD21EB0012
2.24 metres at 3.19 per cent copper equivalent (CuEq) (1.82% copper, 1,139ppm cobalt and 24g/t silver);

DD21EB0013
3m at 4.71 per cent CuEq (2.85% copper, 1,545ppm cobalt and 27g/t silver); and

DD21EB0014
2.13m at 3.53 per cent CuEq (2.08% copper, 1,212ppm cobalt and 28g/t silver).

Coad Minerals said the new assays, together with previously announced results, continue to strongly validate the Emmie Bluff Exploration Target and support the company’s goal of completing a maiden JORC 2012 Mineral Resource Estimate for the deposit in Q3 2021.

“The consistent drilling results generated within the Exploration Target area have further reinforced our confidence in the scale and robustness of the mineralisation at Emmie Bluff,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“In particular, the strong results from hole DD21EB0012 confirm the potential both to extend the mineralised envelope beyond the bounds of the Exploration Target and show the potential for excellent grades in these extensions.

“With our final assays now received, our focus is firmly on our third phase of drilling, which will commence next month – paving the way for a maiden Inferred Mineral Resource Estimate by late next quarter.”

 

 

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

 

Eagle Mountain Mining to Double Drill Rigs at oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) has decided to up the pace of drilling at the company’s Oracle Ridge project in Arizona, USA.

Eagle Mountain Mining has been drilling since September 2020 with one drill rig on a 20 day on, 10 day off roster on both day and night shifts and is now adding a second drill rig to the mix.

The planned increase in diamond drilling includes a transition to a continuous drilling schedule to maximise productivity.

The company explained the decision to accelerate diamond drilling at Oracle Ridge was supported by multiple strong assay and drilling results and an increasing pipeline of high priority targets within a few kilometres of the existing underground mine portals.

“Our recent drilling and exploration results at Oracle Ridge indicate the very strong potential for Oracle Ridge to host increased levels of mineralisation,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have recently completed extensive earthworks to improve access and establish suitable drill pads in preparation for our accelerated drilling program.

“Since commencing drilling in September 2020, more than 90 per cent of the holes assayed outside the existing JORC Resource have intersected mineralisation above our cut-off grade.

“We are also building a strong pipeline of targets including the recently announced high-grade copper mineralisation outcropping at the OREX prospect along a four-kilometre contact.

“These results give us confidence to accelerate our drilling with the aim of increasing our existing JORC Resource and evaluating the extraordinary potential of the near-mine area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Alicanto Minerals Scores Hits in Fist Greater Falun Drill Holes

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THE DRILL SERGEANT: Alicanto Minerals reported on the first holes drilled at the company’s Greater Falun copper-gold-silver project in Sweden.

Alicanto Minerals said the holes returned shallow, high-grade assays from the Swamp Thing and Heden prospects, which sit within 15 kilometres of the Falun copper-gold mine that was closed in 1992.

The company considers the results as particularly important because they also support Alicanto’s belief that Greater Falun is a Skarn system, not Volcanogenic Massive Sulphides (VMS).

“These are genuinely high-grade results, and they are an outstanding start to our exploration campaign,” Alicanto Minerals managing director Peter George said in the company’s ASX announcement.

“The grades point to the potential for an extensive mineralised system, they are shallow and they support Alicanto’s view that Greater Falun is not a VMS as long thought but is actually a skarn-hosted system.

“This is a major breakthrough because it shows we are on track to crack the code, which could open the door to a world-class system.

“Our geological model, which is based on extensive mining history in the area, our detailed mapping and now these initial drilling results shows there is potential for a large system with areas of very high-grade mineralisation.

“This information is driving the new 20,000 metres drilling program now underway.

“We have two diamond rigs turning at Falun, a third being mobilised to Sala and we expect to have a far more detailed picture of the project over the next few months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Centaurus Metals Sets Up Next Stage of Jaguar Resource Growth

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THE DRILL SERGEANT: Centaurus Metals has made further inroads towards becoming a global nickel sulphide developer at the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.

Centaurus hit the market with the announcement of an updated JORC 2012-compliant Indicated and Inferred Mineral Resource Estimate (MRE) of 58.6 million tonnes at 0.95 per cent nickel for 557,800 tonnes of contained nickel for the Jaguar project.

“This reinforces the quality of the Jaguar project as a globally significant, near-surface nickel sulphide deposit with outstanding potential for continued growth,” Centaurus Metals managing director Darren Gordon said.

“It is also a fitting reward for the efforts of our exploration team, who have done a great job in advancing our drill programs.”

Broken down, the MRE update included a 50 per cent increase to the Indicated component of the Resource, which now sits at 19.9 million tonnes at 1.12 per cent nickel for 223,400 tonnes of contained nickel, with this Indicated component now representing 40 per cent of the global MRE.

Of note, the grade of the Indicated component is almost 20 per cent higher than the global MRE grade, demonstrating the quality of this higher geological confidence mineralisation to support early payback in any future mining operation at Jaguar.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: office@centaurus.com.au

 

Web: www.centaurus.com.au

 

 

Aeris Resources Increases Gold Count at Cracow Project

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) reported an updated Mineral Resource for the combined Klondyke and Royal deposits at the company’s 100 per cent-owned Cracow gold operations in Queensland.

The updated Mineral Resource estimate of 341,000 tonnes at 3.6 grams per tonne gold for 39.5 thousand ounces of gold represents a 324 per cent increase in total contained gold ounces, compared to the Mineral Resource Aeris previously reported in June 2020.

The company explained the material change in reported Mineral Resource is the result of a revision of the geological information and additional gold mineralisation identified in the June 2020 drilling program.

“We have always been confident that there is more gold to be found at Cracow, either from exploration activities, including drilling, or by challenging the paradigms around what is economically mineable,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“The significant increase in the Mineral Resource at the Klondyke and Royal deposits confirms our view.

“Work has commenced to schedule the upgraded Klondyke-Royal deposits into the Cracow Life of Mine Plan.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@aerisresources.com.au

Web: www.aerisresources.com.au

 

Gascoyne Resources Bounces Back for Admirable Quarter

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THE DRILL SERGEANT: Gascoyne Resources made a triumphant return to the boards of the ASX after coming out of administration exile in October 2020.

During the initial post-administration period, the focus of the company was on solidifying its business plan and reinvigorating the organic growth pipeline for the company’s 100 per cent-owned Dalgaranga gold project through exploration activities.

Gascoyne Resources has commenced a program to install more mature environmental, social and governance (ESG) policies, processes and reporting.

The company’s March Quarterly Report highlighted how well it has bounced back, including highlights of:

Free cash flow generation of $9.4 million for the quarter;
19,203 ounces produced for the quarter; 59,899 ounces FY2021 year to date;
19,073 ounces sold at an average realised price of $2,495 per ounce;
AISC $1,114 per ounce for the quarter; $1,224 per ounce financial year to date; and
On track for upper end of FY2021 production guidance of 70,000 to 80,000 ounces at an AISC of $1,200 to $1,300 per ounce.

“We…remain on track to meet the upper end of production guidance for FY2021 of 70-80koz at an AISC of $1,200 – $1,300/oz,” Gascoyne Resources managing director and CEO Richard Hay said.

“Paying down $19 million of debt further strengthened the balance sheet with net cash of $9.5 million and a cash balance of $27 million.

“Our FY2021 exploration budget was doubled during the quarter and early drilling success at Tanqueray was a highlight, with an intersection of 9m at 7 grams per tonne in one RC hole.

“Assay results have been slow to come in due to the industry wide very high laboratory demand, and we look forward to reporting more results in the June quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

Web: www.gascoyneresources.com.au

 

Gold Road Resources Enjoys robust March Quarter

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THE DRILL SERGEANT: Gold Road Resources submitted a healthy March quarterly report from the Gruyere gold mine Joint Venture with Gruyere Mining Company, a member of the Gold Fields Group, which manages Gruyere.

Gruyere produced 66,213 ounces of gold enabling Gold Road to deliver its March 2021 quarter production at an AISC of $1,386 per attributable ounce.

Gruyere ore tonnes processed totalled 2.1 million tonnes at a head grade of 1.12 grams per tonne gold and a gold recovery of 91.2 per cent with gold in circuit increasing by 3,127 ounces during the quarter.

All this while scheduled plant shutdowns were undertaken for relines of the SAG mill and the Ball mill, along with an upgrade to the Pebble Crushing Circuit.

During the March quarter, Gold Road reported a 50 per cent attributable Maiden Underground Inferred Mineral Resource of 18.5 million tonnes at 1.47g/t gold for a total of 0.87 million ounces of gold from beneath the December 2020 Gruyere Open Pit Resource of 156 million tonnes at 1.34g/t gold for 6.71 million ounces.

Progress continues towards an updated Gruyere Ore Reserve, expected in the second half of 2021.

Geotechnical studies indicate the potential to steepen fresh rock open pit slopes by up to four degrees.

The steeper pit slopes are anticipated to support growth of the open pit Ore Reserve.

Gold Road currently has four drill rigs operating at it 100 per cent-owned Yamarna project and another operating at Yandina (88%) as the company continues to actively explore for a meaningful discovery.

As part of an initial assessment of the longer-term underground potential, the Gruyere JV partners commence diamond drilling to target mineralisation below the reported Mineral Resources at Gruyere.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: perth@goldroad.com.au

 

Web: www.goldroad.com.au