Genesis Minerals Scores New High-Grade Hits at Orient Well

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported new results from ongoing infill and extensional resource drilling at the Orient Well deposit, one of the cornerstone deposits at the company’s 100 per cent-owned Ulysses gold project near Leonora in Western Australia.

The drilling Genesis Minerals has completed at Orient Well to date is part of a large program designed to expand and upgrade the existing 61,000 ounces Mineral Resource.

Results to date have demonstrated strong potential to grow the existing Resource with a number of recent results from areas outside the current Resource.

New assay results include:

20USRC661
27 metres at 0.78 grams per tonne gold from 41m, including 10m at 1.44g/t gold from 41m;

20USRC664
20m at 0.73g/t gold from 25m;

20USRC665
22m at 0.73g/t gold from 49m, including 5m at 1.17g/t gold from 64m; and

20USRC666
7m at 4.02g/t gold from 68m, and
14m at 6.53g/t gold from 101m, including 1m at 78.92g/t gold from 101m.

The company indicated these results will feed into updated Mineral Resource estimates that will underpin a Feasibility Study on the development of a standalone gold operation at Ulysses, with ore to be sourced from a combination of known underground and open pit Resources.

“The hits just keep coming at Orient Well and the other deposits within the newly acquired Kookynie Group of tenements,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“The latest batch of assays from Orient Well include some excellent results – including both high-grade hits and many broader zones of strong gold mineralisation.

“Importantly, many of the new results are outside the existing 61,000 ounces Resource, and this shows that we have plenty of room to grow this deposit, both as a bulk mining proposition and with strong potential for high-grade zones.

“Drilling continues across the greater Ulysses project, with one RC rig currently on site focusing on extensional drilling.

“We remain on track to deliver an updated project-wide JORC Mineral Resource in the first quarter of 2021, which will underpin the completion of a Feasibility Study and provide a solid platform from which to progress the development of a significant new standalone gold mining and processing operation at Ulysses.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Galileo Mining Defines New Fraser Range Nickel Targets

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) has defined three new, strong, and highly prospective conductors by way of electro-magnetic (EM) surveying at the company’s Delta Blues prospect in the Fraser Range region of Western Australia.

Two targets have been identified at the Delta Blues 1 prospect displaying high modelled conductivities up to 4,100 Siemens and occur between 300 and 600 metres from sulphides identified in previous aircore drilling.

The third target at the Delta Blues 2 prospect has a high modelled conductivity of 2,700 Siemens.

The three large and strong conductors have been modelled from the EM data at shallow depths between 95 and 170 metres below surface.

Infill EM surveying of the newly identified targets is planned to be undertaken in conjunction with ongoing regional surveying at the Delta Blues prospect.

This infill surveying is expected to be completed this quarter with drill planning to commence upon receipt and interpretation of the supplementary data.

“The new results from Delta Blues confirms our view that this is one of several top-quality prospects we have identified in the Fraser Range,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“We are developing a solid foundation of prospects with great potential for nickel mineralisation.

“It has been just two years since our first aircore drilling program on our greenfields tenements in the northern Fraser Range.

“We are now in a position where we have targets ready for drill testing at our Lantern prospect and new targets developing at our Delta Blues and Green Moon prospects.

“Our drilling programs in 2021 are designed to test these targets with the aim of making new discoveries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@galmining.com.au

 

Web: www.galmining.com.au

 

AVZ Minerals Hits High-Grade Lithium and Tin at Roche Dure

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THE DRILL SERGEANT: AVZ Minerals (ASX: AVZ) received pleasing assay results from Mineral Resource drilling completed at the company’s Manono lithium and tin project in the Democratic Republic of Congo.

AVZ Minerals received the assay results from the first four of nine planned diamond drill holes being undertaken at Roche Dure in previously undrilled areas beneath the historical pit which were inaccessible and under water during earlier resource drilling programs.

Results include:

MO20DD002
138.52 metres at 1.59 per cent lithium dioxide (Li2O) and 1,250 ppm tin

MO20DD003
9.0m at 0.63 per cent Li2O and 763ppm tin (with 3.05m of core loss)
32.19m at 1.33 per cent Li2O and 1,257 ppm tin (with 0.25m core loss)

MO20DD004
203.25m at 1.59 per cent Li2O and 1,014ppm tin (with 0.3m of core loss) including 10.0m at 2.45 per cent Li2O and 661ppm tin and 15.0m at 1.95 per cent Li2O and 1,087ppm tin and 17.0m at 2.11 per cent Li2O and 768ppm tin and
276.20m at 1.45 per cent Li2O and 1,035ppm tin (with 1m of sample not returned)

MO20DD006
28.3 at 1.17 per cent Li2O and 1,412ppm tin (with 1m of sample not returned) and
4.90m at 0.04 per cent Li2O and 689ppm tin.

“These drilling results, combined with the pit floor mapping, confirm the pit floor ‘wedge’ is in fact made up of pegmatitic rock that historically was mined as tin-bearing feedstock,” AVZ managing director Nigel Ferguson said in the company’s ASX announcement.

“This area had previously been categorised as waste material in our current mining and financial model due to a lack of drilling data and under our current model, is pre-stripped as waste before ore can be sent to the processing plant.

“These positive drill results unequivocally demonstrate this is not the case and this material may be remodelled with increased confidence as revenue generating ore once all of the assay results are returned.

“The company is waiting on further assay results, with the targeted drill program soon to be completed with only one hole currently underway.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@avzminerals.com.au

 

Web: www.avzminerals.com.au

 

 

Centaurus Metals Increases Jaguar Nickel Resource

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) moved closer to becoming a nickel sulphide developer at the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.

Centaurus Metals announced an updated JORC 2012 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.

Importantly, the Indicated component of the Global MRE has increased by over 50 per cent to 19.9 million tonnes at 1.12 per cent nickel for 223,400 tonnes of contained nickel, accounting for 40 per cent of the Jaguar Global MRE.

“In addition to achieving our primary goal of upgrading the Indicated Resource by 50 per cent, which has significantly de-risked the project ahead of the upcoming Scoping Study, we have also achieved a further increase in the global MRE,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“This reinforces the quality of the Jaguar project as a globally significant, near-surface nickel sulphide deposit with outstanding potential for continued growth.

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

“Importantly, around 80 per cent of the contained nickel tonnes are less than 200 metres from surface and we expect that pit optimisation and mine planning work will show that Jaguar has outstanding potential to be a low strip ratio, long life, open pit operation with strong economics, putting us in a great position to deliver on our aspiration to be a clean and efficient 20,000-plus tonne per annum nickel producer by the end of 2024.

“One of the other key messages for investors is that this is far from the end of the story in terms of the growth of our Resource inventory.

“We are continuing a major drilling effort with four rigs on site and further rigs to be added next quarter.

“Additional rigs will allow more step-out, extensional and greenfields drilling along with further resource development in-fill drilling, which has been the focus of the last six months.

“As we drill deeper and test more down-hole EM conductors – which have been very useful in identifying high-grade mineralisation to date – we expect to find further high-grade nickel mineralisation.

“We look forward to replicating the sort of widths and grades of mineralisation seen in the recent result from the Jaguar Central drill hole, JAG-DD-20-104, which intersected 30.8 metres at 3.3 per cent nickel with 12.1 metres at 5.38 per cent nickel, on a more regular basis as we drill deeper, as well as making new discoveries through our greenfields drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: office@centaurus.com.au

 

Web: www.centaurus.com.au

 

Saturn Metals Drills Further Mineralisation at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) hit further important results from ongoing RC drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project near of Leonora in the Western Australian goldfields.

Recent strong intersections returned from the near-surface resource drilling at Apollo Hill include:

AHRC0480
12 metres at 5.75 grams per tonne gold from 2m, including 8m at 8.83g/t gold from 6m;

AHRC0479
2m at 63.05g/t gold from 8m;

AHRC0477
8m at 4.28g/t gold from 72m, including 4m at 8.34g/t gold from 72m;

AHRC0473
7m at 3.34g/t gold from 80m; and

AHRC0502
15m at 2.09g/t gold from 79m, including 7m at3.84g/t gold from 87m.

Saturn Metals declared the higher-grade intercepts show potential exists to extend and improve the January 2021 reported Mineral Resource of 35.9 million tonnes at 0.8g/t gold for 944,000 ounces of gold, with intersections sitting in ideal locations for additional leverage on the resource and subsequent open pit optimisations.

“An increase in the understanding of the geological controls across the deposit after the 2020 drilling program is allowing us to successfully target higher-grade mineralisation both within and around the newly expanded resource,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Scope for further improvement exists as we continue to apply the learnings from the December-January resource modelling exercise.

“Drilling since early January has focussed on testing for higher grade opportunities across the deposit as well as on several crucial ‘step-out’ exploration initiatives.

“We look forward to reporting assays from the 100 holes that remain pending.

“An aggressive start to the year reflects our continued confidence in the deposit and a great step for our next stage of growth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Blackstone Minerals Hits Massive Sulphide Nickel at King Snake

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THE DRILL SERGEANT: Blackstone Minerals (ASX BSX) has hit Massive Sulphide Vein (MSV) mineralisation in multiple drill holes from its maiden exploration program at the King Snake prospect at the company’s Ta Khoa nickel project in Vietnam.

Blackstone Minerals declared that its immediate success at King Snake reaffirms the prospectivity of the region and the company’s strategy in defining high-grade nickel targets using Electro-magnetic (EM) geophysical techniques.

Blackstone has commenced the maiden resource estimate for the Ban Chang prospect and continues drilling at Ban Phuc, Ban Chang, Ta Cuong, Ban Khoa and King Snake.

“Our investment into targeting higher grade MSV deposits within the Ta Khoa district continues to pay dividends,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“We will pursue an aggressive drilling program at King Snake as we look to build a high grade MSV mining inventory to support the restart of the existing 450,000 tonnes per annum Ban Phuc concentrator.

“The drill bit continues to highlight the district scale opportunity at Ta Khoa, which we are confident will provide many years of consistent high-quality nickel-copper-PGE concentrates to our planned downstream refinery business.

“Our in-house geophysics team has a proven track record with success at Ban Chang following up immediately at King Snake.

“We look forward to delivering maiden resources at each of these prospects and continuing to systematically assess up to 25 MSV targets in the Ta Khoa pipeline.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Vimy Resources Runs Eye Over Mulga Rock Base Metals

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THE DRILL SERGEANT: Vimy Resources (ASX: VMY) highlighted the ability of the company’s Mulga Rock uranium project in Western Australia to produce by-product credits.

Vimy Resources completed the Mulga Rock Definitive Feasibility Study in 2018, which it followed up with a DFS Refresh in 2020 that confirmed the project as a simple, low-cost uranium mining process, positioning Vimy as Australia’s largest, near-term uranium producer.

The 2018 DFS investigated a stand-alone base metals plant, designed to recover copper, zinc, nickel and cobalt as mixed sulphide by-products from the tailings of the uranium plant

The company has watched on as growing demand for clean energy solutions has seen a rise in base metal prices, prompting Vimy to review the viability of the base metals plant looked at by the DFS.

Initial indications suggest materially improved economics during the first eight years of production when the base-metal bearing deposit, Ambassador, is being mined.

“De-carbonisation of the global economy is seeing a significant step change in the long-term demand, pricing and security of supply for battery metals,” Vimy Resources managing director and CEO Mike Young said in the company’s ASX announcement.

“As a result, it is clear that the base metals circuit has gone from marginal to potentially improving the already strong uranium economics of the Mulga Rock Project.

“Mulga Rock is a world-class uranium project, but one that is likely to be enhanced by base metal by-product credits.

“This very positive outcome creates more options for funding the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@vimyresources.com.au

 

Web: www.vimyresources.com.au

 

 

De Grey Mining Lights Up Scooby and Antwerp Gold Potential

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has been encouraged by recent drilling activity at the Greater Hemi Intrusion targets, surrounding the company’s Hemi gold discovery in Western Australia.

De Grey has been undertaking exploration within the Greater Hemi area using systematic aircore drilling, geophysical and geochemical techniques to identify mineralised intrusions based on recent experience from the Hemi discovery.

Between January 2020 and early February 2021, the company has drilled 2,135 aircore holes.

A combination of these exploration approaches is being used to identify and prioritise high prospectivity targets for follow up RC drilling at the Scooby and Antwerp targets.

The recent results include:

Scooby

Shallow gold intercepts in aircore include:

BXAC437
3 metres at 97.4 grams per tonne gold from 45m, including 1m at 264g/t gold from 45m;

BWAC630
10m at 2.1g/t gold from 48m;

BWAC635
3m at 1.5g/t gold from 48m; and

BXAC436
2m at 4.8g/t gold from 39m.

Antwerp

Results followed on from previously reported shallow gold mineralisation results, including the intersection of quartz veined and altered intrusion in limited shallow RC drilling.

New results include:

HERC146
6m at 1.4g/t gold from 62m; and

HERC146
3m at 1.1g/t gold from 96m.

De Grey considers potential exists for Antwerp to link with the recently discovered Eagle zone.

“Recent exploration activities at Scooby and Antwerp have identified widespread gold mineralisation in aircore drilling warranting follow-up RC drilling,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“This drilling will commence in the near future in parallel with resource delineation and extension drilling at Hemi, including at the recently discovered Diucon and Eagle zones.

“The new IP target coincident with gold and arsenic mineralisation at Scooby are encouraging.

“The IP results potentially provide a new tool to identify and prioritise targets beneath the transported cover.

“Diucon, Eagle and Antwerp will be our next priority IP areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Eagle Mountain Drills Resource Upgrade Potential at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported further strong copper intercepts from ongoing drilling at the company’s 80 per cent-owned Oracle Ridge mine project in Arizona, USA.

Eagle Mountain drilled hole WT-20-16 to the west of previous hole, WT-20-03, targeting the extension to mineralisation it had encountered in recent and had noted in historical drill hole data.

Two mineralised zones were encountered, returning:

12.7 metres at 1.41 per cent copper, 17.72 grams per tonne silver and 0.22g/t gold, from 206.5m; and
17m at 1.48 per cent copper, 19.23g/t silver and 0.23g/t gold, from 278.6m, including 3.6m at 2.59 per cent copper, 32.37g/t silver and 0.25g/t gold from 279.4m.

The recently-achieved intercepts are outside the existing Oracle Ridge JORC Mineral Resource Estimate.

They sit in a sparsely drilled area that is contained within a broad mineralised zone of 100m, located within 60m of existing underground development.

Eagle Mountain believes the intercepts further demonstrate the potential for future expansion of the Mineral Resources Estimate (MRE).

“The significant intercept widths in WT-20-16 further illustrate the real potential for a substantial increase in resource tonnage,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“The intercepts are open to the north and north-east for approximately 100 metres and large portions of the Leatherwood contact remain untested towards the east.

“Importantly, the upper intercept is within 60 metres of existing underground development, which in a potential future mining operation will reduce the costs of accessing this mineralisation at an early stage.

“Based on the strong results from this hole, two further holes have been drilled in this area (WT-21-01 and WT21-02) with assays pending.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Kin Mining Identifies New Exploration Opportunities at Cardinia Gold Project

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received further cause to talk up the exploration potential of the company’s 100 per cent-owned Cardinia Gold Project near Leonora in Western Australia.

Kin Mining’s swagger came courtesy of results from a detailed gravity survey completed in December 2020 over the eastern part of the project tenements.

The survey was designed to map the distribution of felsic porphyry and dolerite intrusions intersected in both RC and diamond drilling at prospects along this Eastern Corridor.

“The gravity survey results from the eastern part of the Cardinia Gold Project have revealed a number of intrusions that we believe are critical geological features in controlling the locations of the high-grade gold mineralisation intersected in RC and diamond drilling at key locations drilled during Phase 3 exploration programs last year,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

““The survey has also highlighted extensions of the north-south oriented Faults both south of Helens and Cardinia Hill and north through Rangoon to East Lynne.

“This structural architecture of intrusions and faults therefore represents a compelling exploration target for high-grade gold mineralisation to be followed up in 2021, with up to seven priority target areas identified.”

These targets will be systematically tested as part of the company’s 2021 Phase 4 drilling program.

The company’s Phase 3 program in 2020 consisted of drilling at Cardinia over a number of prospects, mostly on the eastern side of the project, including historical prospects at Helens, Comedy King, East Lynne and Hobby and the new discoveries at Cardinia Hill Helens East and Collymore.

Results from the Phase 3 drilling included shallow high-grade mineralisation at Pelsart, positive results from deeper drilling at Cardinia Hill and results from diamond drilling at Helens East.

The final two drill-holes from drilling at the Bruno-Lewis deposit did not record assays of note.

“That paves the way for us to further update the Mineral Resource for several key deposits this quarter, building further on the project-wide resource update announced just prior to Christmas,” Munckton said.

“Importantly, it also clears the way for us to resume drilling with our Phase 4 program scheduled to get underway in the near future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au