Red Metal Confirms Sybella REO Resource Potential

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THE DRILL SERGEANT: Red Metal (ASX: RDM) reported confirmation of large tonnage potential at the company’s Sybella rare earth oxide (REO) discovery near Mt Isa.

Red Metal based its report on assay results from step-out drilling carried out over an eight kilometre by three kilometre portion of the rare earth enriched Sybella granite.

The company indicated infill drilling of the higher-grade zones was now a priority.

Red Metal said the assays reveal multiple, long intercepts of magnet rare earth oxide (MREO) mineralisation (neodymium, praseodymium, dysprosium and terbium) with many starting at surface and ending in mineralisation.

Two wide parallel zones of significant strike length have been outlined with mineralisation from surface grading between 340-400ppm MREO.

Both zones can confidently be extended beyond 120 metres in depth.

The Eastern Zone extends for over 4.8 kilometres along strike and is up to 1.5km wide covering an interpreted surface area of at least 3.6 square kilometres and appears to remain open to the southeast.

The parallel Western Zone is 7.2km long and varies from about 400m to over 1.6km wide over an interpreted surface area of about 7.6sqkm.

“Step-out drilling has successfully confirmed Sybella’s vast size potential and most importantly, it has shown opportunity for wide shallow zones of higher-grade mineralisation where potential starter pits could be initiated,” Red Metal managing director Rob Rutherford said in the company’s ASX announcement.

“This drilling together with our positive early-stage metallurgical test work has enhanced the potential for a bulk tonnage heap leach opportunity at Sybella.

“Preparations for infill drilling this season are underway and we look forward to announcing results from more detailed assessments on this exciting new drill data in the months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Brightstar Resources Encounters High-Grade Gold at Menzies Link Zone Deposit

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THE DRILL SERGEANT: Brightstar Resources (ASX: BTR) released assay results from it first drilling campaign on the Link Zone, part of a larger drilling program being undertaken across the company’s Menzies and Laverton gold projects in Western Australia.

Brightstar Resources is carrying out diamond drilling across its broader 1.45 million ounces of gold portfolio in Menzies and Laverton.

This program is targeting gold mineralisation for near-term development assessment of the Link Zone deposit, specifically targeting the Merriyulah and Golden Dicks deposits, located between the 287,000 ounces gold Lady Shenton System and 43,000 ounces gold Lady Harriet System at the Menzies gold project.

Assays have been received for five diamond holes drilled at the Link Zone deposit, with all holes at Link Zone drilled for metallurgical and geotechnical testwork purposes.

Results produced multiple high-grade intercepts targeting conceptual pit shells at the Merriyulah and Golden Dicks deposits within the Link Zone area.

Intercepts returned at Link Zone include:

LZMET24001
12 metres at 11.9 grams per tonne gold from 51m, including 1m at 55.8g/t gold from 54m
10m at 0.97g/t gold from 23m, and
0.6m at 12g/t gold from 43.4m;

LZGT24001
1m at 5.57g/t gold from 45m;

LZGT24002
9.7m at 1.77g/t gold from 34.3m;

LZGT24003
8.49m at 1.56g/t gold from 14m; and

LZGT24004
13.1m at 1.19g/t gold from 11.3m.

“The diamond drilling component of our +30,000m campaign kicked off at Link Zone, with excellent grade results returned despite most holes being drilled for geotechnical purposes,” Brightstar Resources managing director Alex Rovira said in the company’s ASX announcement.

“Additionally, the metallurgical hole has given us valuable information for downhole lode grade variability, highlighted by a superb 6m at 21.08 grams per tonne gold intercept containing six individual 1m +5g/t gold intercepts within a broader down dip intercept of 12m at 11.9g/t gold.

“We’re particularly encouraged by the grades returned, with these results released today along with our recently completed Link Zone RC program all returning grades well above the global MRE estimate for Link Zone emphasising areas for potential open pits.

“Geotechnical logging was completed ahead of sampling and assaying, with the remaining core and existing RC samples being utilised for a metallurgical testwork program presently underway to feed into re-optimised pit shells and ultimately define a pathway to monetisation via a small-scale mining campaign similar to the successfully completed Selkirk Mining JV earlier this year.

“Approximately one kilometre to the north, the Lady Shenton System RC drilling program will complete in the coming fortnight, with these results to be assessed and integrated into an updated Mineral Resource Estimate for the Definitive Feasibility Study presently underway.

“We look forward to updating the market with these results, along with previously completed RC and diamond programs at Jasper Hills and Second Fortune with assays progressing through the laboratory.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Carnaby Resources Confirms Mohawk Copper-Gold Discovery

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) has confirmed its recent Mohawk copper gold discovery at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

Carnaby Resources announced the confirmation via the release of assay results from the first two drill holes undertaken at the Mohawk copper gold discovery.

Assays results included:

MKRC001
21 metres at 2 per cent copper, 0.6 grams per tonne gold from 43m, including 12m at 3.3 per cent copper, 0.9g/t gold from 44m; and

MKRC008
25m at 1 per cent copper, 0.3g/t gold from 97m, including 14m at 1.4 per cent copper, 0.5g/t gold from 98m.

“Assay results from the first two drill holes at Mohawk have come in at much higher grades than the previously reported pXRF readings and confirm Mohawk as a significant new high grade sulphide discovery,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“To date we have only drilled six holes into the main Mohawk zone with every hole intersecting strong copper sulphide mineralisation over broad widths.

“Drilling continues and we eagerly await the next the next round of assay results where we may see similar increases in copper grades from the pXRF readings.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Great Boulder Resources Confirms High-Grade Gold North of Mulga Bill

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported encouraging gold encounters from recent drilling at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources completed 14 RC holes testing targets up to 300 metres north of Mulga Bill in a program designed to confirm the continuity of high-grade mineralisation extending north of the current resource area into Mulga Bill North.

The drilling has stretched the mineralised footprint at Mulga Bill, which hosts a current Mineral Resource Estimate of 568,000 ounces gold at 2.7 grams per tonne gold to over 2.3 kilometres.

Highlights from the latest drilling include:

24MBRC018
8 metres at 10.84 grams per tonne gold from 135m, including 3m at 27.94g/t gold from 138m, and
5m at 1.98g/t gold from 117m;

24MBRC012
6m at 7.62g/t gold from 136m; and

24MBRCD013
8m at 2.02g/t gold from 72m, including 4m at 3.86g/t gold from 72m.

“RC drilling immediately north of Muga Bill has confirmed high-grade mineralisation extending 250 metres north of the current resource envelopes,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This program comes on the back of high-grade hits announced in this area earlier in the year, including 16m at 13.83g/t gold in hole 24MBRC001.

“The new results support our expectation that we will be able to extend and increase the Mulga Bill JORC resource estimate later this year.

“The combined footprint of Mulga Bill and Mulga Bill North extends over 2.3 kilometres of strike, and we’ve really only scratched the surface of the northern half of that zone with relatively shallow drilling.

“The RC rig has now moved onto resource definition targets at Mulga Bill.

“This program is designed to infill and extend areas of the inferred resource to upgrade those ounces to JORC indicated category.

“We will then return to greenfields targets, with a first-pass AC program at Side Well South in late September.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ausgold to Conduct Major RC Drill Program at Katanning

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THE DRILL SERGEANT: Ausgold (ASX: AUC) is about to push the green button for a major new gold drilling program to be undertaken at the company’s 100 per cent-owned 3.04Moz Katanning Gold Project (KGP) in Western Australia.

Ausgold is scheduled to commence drilling of approx. 19,000 metres of Reverse Circulation drilling on the 3.04 million ounce Katanning Gold Project in October 2024.

RC drilling will commence with a planned 5,000m infill drilling program within the KGP Central Zone, designed to de-risk the first 18 months of the mine schedule.

A further 6,000m of RC drilling is planned across key target areas within the KGP with another 8,000m of exploration drilling planned to target high-priority prospects within Ausgold’s 4,300 square kilometres of SW Yilgarn tenure it considers to hold potential to host large gold systems.

The company is currently progressing a Definitive Feasibility Study (DFS) on the development of the KGP in parallel with regional exploration to unlock the potential of its tenure position in the Katanning Greenstone Belt, located in the historically underexplored and highly prospective south-west portion of the Yilgarn Craton.

“Ausgold is about to launch a substantial drilling campaign with the dual focus of de-risking the 3.04 million ounces Katanning Gold Project and building Resource potential regionally across our dominant tenure position,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“New drilling will focus on de-risking initial mining areas before moving on to target direct extensions to the KGP as well as greenstone belts along regionally significant structures, including targets along 130 kilometres of strike length along the Stanley Trend.

“The region is largely under-explored and the company sees clear opportunities to leverage its technical expertise and geological understanding to build a regional resource footprint alongside the growing resource base at the Katanning Gold Project, while maintaining its primary focus on developing a large-scale mining operation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Critical Resources Commences Drilling at Mavis Lake Lithium Project

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) has commenced a targeted drilling campaign at the company’s 100 per cent-owned Mavis Lake lithium project in Ontario, Canada.

Critical Resources explained the drilling will be focused on two key areas, the first being to conduct drill testing of the project’s high-priority Northern Prospects, specifically the Tot pegmatite, whilst the company continues resource expansion drilling at the Main Zone of Mavis Lake.

Critical Resources previously identified the Northern Prospects (Gullwing and Tot) as high-priority targets after they displayed favourable geological characteristics and potential to add substantial tonnage to the overall resource base.

Drill testing will focus on identifying and delineating additional lithium-bearing pegmatites the company believes could enhance the project’s scale and economic viability.

Critical Resources’ is drilling to build upon its existing Mineral Resource Estimate (MRE) of 8 million tonnes at an average grade of 1.07 per cent lithium oxide (Li2O).

“This drill campaign at Mavis Lake is a crucial step in unlocking the geological potential of the area,” Critical Resources exploration manager Troy Gallik said in the company’s ASX announcement.

“Our exploration strategy is meticulously designed to enhance our understanding of the spodumene-bearing pegmatites, particularly within the Northern Prospects, including Gullwing and Tot, which have shown significant promise in preliminary exploratory works.

“The targeted drilling at these zones, along with continued work at the Main Zone, is expected to provide critical data that will refine our resource models and support the potential for a substantial expansion of the current resource base.

“The insights gained from this program will be instrumental in advancing the geological understanding of the Mavis Lake Project as we work towards our exploration target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Carawine Resources Scores Encouraging Copper and Gold Drill Results

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) reported results from RC drilling completed at the Warroo prospects on the company’s 100 per cent-owned Cable tenement, part of its Paterson project in Western Australia.

Carawine Resources conducted the drilling program targeting copper, lead, zinc, silver and gold mineralisation at the Warroo prospects, from which it has identified areas of copper and zinc anomalism for follow-up exploration.

Results of note came from the Warroo North and Warroo NE prospect areas, including:

Warroo North

CBAC259
6 metres at 0.63 per cent copper from 19m, including 1m at 2.74 per cent copper from 21m;

CBAC208
4m at 0.38 per cent copper from 12m; and

CBAC251
1m at 0.32 per cent copper from 12m (eoh).

Warroo NE

CBAC099
4m at 0.24ppm gold from 4m.

“We consider today’s results to be highly encouraging, with a number of significant copper and gold intervals returned, and large areas of copper and zinc anomalism identified, from just our first drilling program at Cable,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“This is especially exciting because the drilling was shallow in this initial first-pass program, reaching no more than 13 metres below surface in most holes.

“Combined with the results of our helicopter-borne electromagnetic TargetEM survey, and the historic exploration data, we expect the results of this drilling to yield several high potential, high priority targets for deeper direct drill testing expected to occur in 2025.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Novo Resources Extends Nunyerry North High-Grade Gold Zone

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THE DRILL SERGEANT: Novo Resources (ASX: NVO) has been busy of late across the company’s Egina Gold Camp and Balla Balla gold project in Western Australia.

Novo Resources received results from recent RC drilling undertaken at Nunyerry North that extended the high-grade Main Lode to 500 metres strike/plunge while intersecting high-grade gold along the Estrid Fault.

Intercepts from the 34 hole program include:

NC046
13 metres at 2.68 grams per tonne gold from 66m, including 3m at 10.41g/t gold from 66m, and
11m at 2.2g/t gold from 84m, including 1m at 18.06g/t gold from 86m; and

NC063
17m at 1.85g/t gold from 25m, including 7m at 3.55g/t gold from 25m.

Elsewhere within the project are, Novo’s Egina Joint Venture with De Grey Mining (ASX: DEG) has continued to carry out key exploration activities at the Becher project, entailing drilling at Heckmair, Lowe and Whillans, southwest of De Grey’s Hemi gold project.

“We continue our strong exploration program across key gold targets in the Pilbara,” Novo Resources executive co-chairman and acting CEO Mike Spreadborough said in the company’s ASX announcement.

“The drilling results at Nunyerry North are very promising and we look forward to assessing the complete program and establishing the next set of work activities.

“Our Egina Joint Venture partner, De Grey Mining, continues targeted exploration programs across key prospects at the Becher project.

“De Grey has completed approximately 36,000 metres of combined aircore and RC drilling at Becher to end July 2024 and plans to continue to drill across the Heckmair, Lowe and Whillans targets over the coming months.

“Our Egina JV tenements are considered highly prospective for significant intrusion-related gold deposits and shares similar attributes to the nearby 12.7 million ounce Hemi gold project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Granted High-Grade Joy Helen Copper-Lead-Silver Prospect

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) expanded its tenement portfolio following granting of Exploration Licence E08/3676 over the high-grade copper, lead, and silver occurrence at the Joy Helen prospect, in the Gascoyne region of Western Australia.

Miramar Resources completed an earlier reconnaissance fieldtrip to the Joy Helen prospect before the tenement was granted, after which it released high-grade results from rock chip samples, including:

• 5.49 per cent copper, 42 per cent lead and 73.48 grams per tonne silver; and
• 5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

Combined with historic sampling, the high-grade copper, lead and silver mineralisation at Joy Helen has been seen over approximately 700m of strike, including approximately 400m outside of the Barlee Nature Reserve.

Miramar Resources is of the opinion the Chain Pool project could also be prospective for multiple other styles of mineralisation alongside the copper, lead and silver seen at Joy Helen.

“The western half of the project is dominated by a Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN REE deposits, and there are several later dolerite dykes cross-cutting the project which are the same unit that hosts the Mangaroon nickel-copper-PGE prospect further south,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We are looking forward to getting out on the ground and systematically exploring the project.”

Elsewhere in its Gascoyne portfolio, Miramar is completing the maiden drilling program at the Mount Vernon and Trouble Bore projects, part of the company’s 100 per cent-owned Bangemall nickel-copper-cobalt-PGE project.

The company recently completed further Induced Polarisation (IP) surveying over the 8-Mile target within the Gidji JV project, located 15 kilometres north of Kalgoorlie.

The aim of the survey is to refine a potential northern offset to Northern Star Resources’ 313,000-ounce 8 Mile Dam deposit immediately south of the Gidji JV project boundary.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Warriedar Resources Claims High-Grade Antimony Discovery

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) has added antimony to its exploration aspirations on the back of recent assay results received from the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources reported intersections of high-grade antimony from multiple holes below the Golden Range Ardmore pit, including:

RDRC067 above the main zone of high-grade gold mineralisation:

12.7 metres at 4.98 per cent antimony and 0.36 grams per tonne gold (10.92g/t AuEq) from 229.2m, including 1.85m at 28.5 per cent antimony and 0.45g/t gold (60.94 g/t AuEq) from 238.25m.

A wide zone of antimony mineralisation was encountered in hole RDRC001:

34m at 1 per cent antimony and 0.59g/t gold (2.72 g/t AuEq) from 158.8m.

Warriedar declared the newly identified and high-grade antimony zone, along with the broader antimony potential at Ricciardo, demands prompt follow-up and evaluation.

“The results for these holes successfully demonstrate further extensional high-grade gold, and for the first time very high-grade antimony zones below the Ardmore pit area,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“Given the relative absence of assaying for antimony in historical drilling at Golden Range, we are cautiously optimistic on the potential that might exist here.

“Moreover, the apparent zonation in RDRC067 is also highly encouraging for any future antimony development potential.

“I want to emphasise however that pursuit of this opportunity will be in parallel with our growth-focussed gold drilling at Golden Range, which remains our current core focus.”

The Ricciardo gold system spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth.

Ricciardo possesses a current MRE of 8.7 million tonnes at 1.7 grams per tonne gold for 476,000 ounces gold.

Historical mining operations at Ricciardo were primarily focused on oxide material, with the transition and primary sulphides mineralisation not systematically explored.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE