Meteoric Resources Drilling for a Giant Brazilian Copper-Gold Nut

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THE DRILL SERGEANT: Meteoric Resources L (ASX: MEI) is set to commence its 2021 Brazilian drilling program at the company’s Juruena Gold Project in Brazil.

Meteoric Resources will be targeting a potential copper-gold porphyry system beneath the high-grade Juruena Epithermal gold deposits.

The key priority of this program, which begins in early February, will be to test the high chargeability anomalies generated by a Deep IP survey, which the company completed at the end of 2020.

An initial 3,600 metres drilling campaign will commence in early February with the rig already onsite.

Three diamond drill holes will test the peak of the chargeability anomaly defined by the 2020 Deep IP and MT survey.

“This drilling campaign could well be a potential game changer for Meteoric,” Meteoric Resources managing director Dr. Andrew Tunks said in the company’s ASX announcement.

“Up until this point we have had a host of positive indicators that led us to believe that the shallow high-grade Epithermal gold mineralisation we see at Juruena was potentially related to a deeper magmatic source.

“The 2020 Deep IP &MT survey continues to support this theory having defined a large, high-response IP chargeability anomaly that demands immediate drill testing.

“As such I am pleased to advise that we mobilised the geology team to site early in the New Year and that drilling of an initial three-hole program totalling around 3,600 metres will start in early February.

“Drilling high value targets like this is a key reason that I became an explorer – there is never a more exciting time than when you are drilling a target that has multiple lines of support and serious size potential.

“What we are about to commence in Brazil represents an enormous opportunity for the company and I look forward to updating you on our results over the coming months as the drilling continues.”

 

 

Web: www.meteoric.com.au

 

Musgrave Minerals Hits Gold with First White Heat Drilling

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) added to its list of 100 per cent-owned Cue project achievements with recent reverse circulation (RC) drilling returning strong assay results from the newly discovered White Heat prospect in Western Australia.

Before being called White Heat, the prospect was formerly known as Target 2.

The recent drilling campaign identified high-grade gold in two basement zones with both zones open along strike and at depth.

Nine RC drill holes have been completed to date with assays received for the first four holes.

Intercepts from 1m individual samples include:

21MORC001
6m at 15.3 grams per tonne gold from 38m, including 3m at 28.8g/t gold from 38m

21MORC002
9m at 7.1g/t gold from 60m, including 2m at 28.7g/t gold from 60m and
4m at 43.2g/t gold from 98m, including 2m at 83.9g/t gold from 98m

21MORC003
6m at 7.4g/t gold from 35m, including 2m at 18.8g/t gold from 35m; and

21MORC004
5m at 8.8g/t gold from 40m.

“This is a great result from the first four RC holes at the new White Heat prospect and demonstrates the exploration upside of the tenement package,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The gold is high-grade and near surface but masked from previous explorers by two to three of transported hardpan clays.

‘Drilling is ongoing at White Heat which is only 400 metres south of the new Starlight lode.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

 

Miramar Resources Outlines 4km Mineralised Structure

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has completed the first round of aircore drilling at the company’s 80 per cent-owned Gidji JV project intersecting regolith gold anomalism within a structure over approximately four kilometres of strike.

Miramar Resources reported the drilling outlined regolith gold anomalism within a mineralised structure, intersected visible gold in a quartz vein and highlighted multiple targets including one it considers to hold apparent similarities to the 10 million ounces Paddington deposit.

The structure extends from the northern projection of the neighbouring 314,000 ounce Runway deposit to the regionally important Boorara Shear Zone where a series of shallow historical RC drill holes previously intersected gold mineralisation.

Results from the recent program include:

GJAC096
8m at 495ppb gold from 56m, including 4m at 925ppb gold from 56m;

GJAC058
2m at 779ppb gold from 68m to EOH;

GJAC085
8m at 351ppb gold from 48m to EOH;

GJAC084
8m at 194ppb gold from 52m; and

GJAC092
8m at 184ppb gold from 44m to EOH.

Miramar Resources aid the results confirmed the company’s view that the Gidji JV project was highly prospective but greatly underexplored.

“Our maiden aircore program, the first drilling at Gidji since 2013, has defined a mineralised structure over several kilometres and highlighted several new targets, including one with apparent similarities to the 10 million ounce Paddington deposit, located 10km further north within the same structure,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Despite its prime location, the previous drilling within the Gidji project has mostly been shallow with only a handful of RC drill holes across the entire project area.

“We effectively need to disregard much of the previous drilling and treat the project like a new greenfields exploration opportunity.

“In addition to the potential for a northern extension to the existing Runway deposit, we believe there are multiple drill targets that may present similar, if not better, opportunities for discovery of an economic deposit at Gidji.”

On the back of the results, Miramar will immediately follow up the recent aircore drilling at Gidji with a second campaign of approximately 10,000m which will infill the drill spacing to approximately 200m by 50m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Matador Mining Drills High-Grade Canadian Results

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THE DRILL SERGEANT: Matador Mining (ASX: MZZ) released results from drilling underway at the company’s 100 per cent-owned Cape Ray gold project in Newfoundland, Canada.

Matador Mining completed further Mineral Resource infill drilling at the Isle aux Morts (IAM) target that delivered wide intervals with excellent gold grades, including:

CRD162
18 metres at 10.96 grams per tonne gold; and

CRD161
19m at 4.6g/t gold as part of a broader intercept of 29.5m at 3.06g/t gold.

“These new assay results continue to demonstrate the prospectivity of our Cape Ray gold project,” Matador Mining executive chairman Ian Murray said in the company’s ASX annouancement.

“The grades and widths intersected at Isle aux Morts exceed those in the surrounding holes and represent some of the highest grade holes drilled on the tenement package.

“With a further six holes from Isle aux Morts pending assays, and 17 holes still in the laboratory, we aim to build on our recent successes.

“We are well advanced on planning for our 2021 exploration program and will refine our strategy as we receive the final outstanding assay results.

“We aim to commence field work as soon as possible to maximise the field time available to us.”

Matador also produced new results from the recent greenfield Angus discovery of further wide intercepts of stockwork-vein-related gold mineralisation similar to the earlier hits, including:

CRD184
6m at 2.18g/t gold, include 1m at 12.13g/t gold from 43m, 12m at 0.43g/t gold from 3m, 15m at 0.47g/t gold from 78m and 13m at 0.58g/t gold from 114m

CRD174
10m at 1.37g/t gold, including 1m at 10.97g/t gold.

The company said these results reinforce its view that Angus is a large, pervasively mineralised, granite-hosted, quartz-vein stockwork gold mineral system which remains open in all directions.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au

 

De Grey Mining Claims Two More Hemi Gold Discoveries

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) appears to have done it again with the claiming of two new gold discoveries at the company’s Hemi gold project located south of Port Hedland in Western Australia.

De Grey Mining announced the discovery of two new mineralised intrusions immediately west of Crow, at Hemi.

The new discoveries, Diucon and Eagle, are located immediately west of Crow along the SW-NE trending structural corridor running from Scooby to Antwerp.

Recent aircore and RC drilling defined two new zones of gold mineralisation over approximately one kilometre and 500 metres of strike respectively.

The company noted the intrusions are not highlighted by any magnetic signature, which it said leaves large scope to define further non-magnetic intrusions throughout the region.

Gold mineralisation was intersected in first pass aircore and RC drilling, including:

Diucon intrusion initial RC drill results include:

HERC382
99 metres at 1 gram per tonne gold from 114m (at a 0.3g/t lower cutoff), including 19m at 2g/t gold from 158m, 6m at 4.5g/t gold from 186m and 9m at 1.3g/t gold from 204m; and

HERC435
29m at 1.1g/t gold from 55m in (at a 0.3g/t low cutoff) including 10m at 2.6g/t gold from 74m

An encouraging gold zone was identified in aircore drilling over approximately 1km in strike and 300m wide.

The strongest gold mineralisation appeared at the western end from 40m to 200m depth and remains open to the west and at depth with further RC drilling underway.

Eagle intrusion results from the first two RC holes at Eagle include:

HERC377
68m at 0.7g/t gold from 50m (at a 0.3g/t lower cutoff), including 3m at 1.3g/t gold from 51m and 6m at 2g/t gold from 78m and 18m at 1.3g/t gold from 96m.

“Systematic aircore drilling around Hemi has discovered two new mineralised intrusions: Diucon and Eagle,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The initial follow up RC drilling has intersected broad zones of shallow gold mineralisation.

“Wide spaced drilling is at an early stage and both intrusions remain open along strike and at depth.

“Follow up RC drilling will continue with the aim to delineate the extent and continuity of gold mineralisation in both intrusions.

“Potential exists to define new resources to add to the existing gold endowment at Hemi.

“Systematic aircore drilling continues in the Greater Hemi area.”

 

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Saturn Metals Upgrades Apollo Hill Resource

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THE DRILL SERAGENT: Saturn Metals (ASX: STN) did what it said it would do and completed an updated Mineral Resource estimate for the Apollo Hill gold deposit at the company’s 100 per cent- owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

The upgraded Mineral Resource has come in at 36 million tonnes at 0.8 grams per tonne gold for 944,000 ounces, a substantial increase in contained ounces from the previously published resource.

It incorporates the results of a 265-hole extensional and in-fill drilling campaign Saturn completed since the last Mineral Resource upgrade, which was published in late October 2019.

Saturn has now added 439,000 ounces to the Apollo Hill Mineral Resource in just under three years from listing.

“This resource upgrade is the third significant step for the company and the Apollo Hill asset in as many years,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Consistent improvements in the quality of the resource, its overall size, and to the Mineral Resource categories, through efficient drilling continue to bode well for the advancement of our business.

“For the first time we have been able to publish the Mineral Resource within a ‘Whittle’ pit shell using preliminary cost assumptions.

“This has allowed the company to consider potential economies of scale, lower cost processing scenarios and the use of a lower cut-off grade to help obtain an improved stripping ratio.

“With the system open along strike and up and down plunge and metallurgical assumptions at an early stage of understanding, the gold deposit is positioned for continued growth.

“Drilling has already resumed with two rigs on site testing for additional mineralisation.

“In addition, the next stage of metallurgical sampling has commenced towards searching for processing cost improvements.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Encounter Resources Partial Assays Pay Off at Aileron

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THE DRILL SERAGENT: Encounter Resources declared IOCG style metal anomalism had been intersected at the Aileron copper-gold project, which is part of a Joint Venture with Newcrest Mining (ASX: NCM), located in the West Arunta region of WA.

Encounter Resources explained the results came from a partially completed drill hole (EAL001) at the Aileron copper-gold project that had been stalled late 2020 due to mechanical issues with the drill rig.

At the time the decision was made to demobilise the rig and assay the completed section of the drill hole to 158 metres.

The hole is the first to be drilled into an unexplored belt that contains hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical signature under shallow cover (10m).

Assays of the partial core include zones of anomalism in copper (up to 0.1%), gold (up to 48ppb) and molybdenum (up to 155ppm).

As an added bonus, highly elevated rare earth elements consistent with the targeted IOCG deposit model were identified including lanthanum up to 0.2 per cent and cerium up to 0.3 per cent.

“The partially completed hole, the first drill hole drilled into a remote and unexplored 70 kilometres long belt, has intersected zones of intense hydrothermal hematite alteration of the mafic intrusive and granite adjacent to the targeted magnetic anomaly,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“We are pleased to report that the hematite altered zones in the hole have a distinctive IOCG signature in a suite of elements including copper, gold, molybdenum and highly elevated rare earth elements.

“Of particular interest is the strong enrichment of the same two rare earth elements, lanthanum and cerium, that are similarly elevated in the Olympic Dam deposit.

“This is a great start for us at Aileron.

“We have identified the key ingredients of an IOCG deposit model at an easily explorable depth in a highly prospective and unexplored copper-gold province.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Black Cat Syndicate Increases Fingals Fortune Resources in Quest for 1M Ounces

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THE DRILL SERAGENT: Black Cat Syndicate (ASX: BC8) provided an update to the JORC 2012 Mineral Resource for the Fingals Fortune deposit within the company’s Kal East gold project in Western Australia.

Black Cat Syndicate acquired Fingals Fortune in July 2020 and has rapidly increased the deposit’s Resources, which has grown 77 per cent to the current figure of 2.6 million tonnes at 1.8 grams per tonne gold for 156,000 ounces.

The company has signalled defining of a large open pit at Fingals Fortune imperative to support mining and has increased Indicated Resources by 273 per cent to 670,000 tonnes at 1.9g/t gold for 41,000 ounces.

Black Cat’s total Resource has increased to 12.3 million tonnes at 2.3g/t gold for 905,000 ounces.

The company’s current drilling program is designed to grow Resources to one million ounces during the March 2021 quarter.

“Fingals Fortune is shaping up as a potential large pit which remains open in all directions and at depth and is a key focus for Resource growth and scale,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“We are also seeing the potential for underground mining to the south following a line of historic shafts that extend over 750 metres.

“Furthermore, extensional drilling is planned to test mineralised trends that extend to the north and south of Fingals Fortune.

“Another historically defined trend to the east will also be drilled.

“We have grown the Resource at Fingals Fortune by 77 per cent in less than six months.

“This growth, along with the extensive mineralised trends demonstrates the potential for the Fingals Fortune area to underpin our proposed mining operations well into the future.

“This is another positive step towards our goal of one million ounces in Resource in the March 2021 quarter and to have a wholly owned processing facility with at least three years Ore Reserves ahead of it.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Auteco Minerals Secures New Pickle Crow Ground

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THE DRILL SERAGENT: Auteco Minerals (ASX: AUT) has picked up a large, highly strategic land holding along strike from the company’s one-million-ounce Pickle Crow gold project in Ontario, Canada.

By doing so, Auteco Minerals has increased its land position around the high-grade, tenure to more than 496 square kilometres.

This additional staking includes an additional 12km of the highly prospective Tarp Lake Shear Zone.

The increased land holding is subject to an earn-in agreement entered into with First Mining Gold Corp in March 2020, which has the option to allow some or all the increased land holding to form part of the earn-in and Joint Venture on the Pickle Crow gold project.

Auteco has also mobilised a fourth drilling rig to site to help expedite Resource growth, which the company said combines with the land acquisition to demonstrate the company’s commitment to the Pickle Crow project.

“The additional tenure is highly prospective given that it sits immediately along strike form the existing one-million-ounce Resource and is housed in the same greenstone belt,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“I’m also pleased to announce the addition of a fourth rig to further exploit this most prolific province and add to our recent drilling success.

“The combination of the new ground and the fourth rig shows Auteco is fully committed to growing the Pickle Crow Resource.”

 

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

Ardiden Commences Canadian Winter Drilling Program

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THE DRILL SERAGENT: Ardiden Limited (ASX: ADV) reported the commencement of its Winter drilling campaign at the company’s Pickle Lake gold project in northwest Ontario, Canada.

The Pickle Lake gold project is a continuous land tenure of 870 square kilometres that contains at least 22 identified gold deposits and prospects that the company will be systematically exploring.

The current program involves an initial 7-hole program designed at the South Limb prospect to test extensions of the same iron formation that hosts mineralisation at the Dona Lake gold mine.

Mined between 1987 and 1993, the underground Dona Lake gold mine produced more than 246,500 ounces of gold at 6.5g/t to depths of 450m below surface.

However, the surface footprint of the main lode was only 100m of strike length.

The strong concentration of Iron Formation on Ardiden’s ground, adjacent to the Dona Lake Mine, is largely untested, which the company has marked as a high-priority target for initial drill testing.

“Our Ontario-based geology team and Major Drilling have been working diligently to move the program forward while rigorously complying with the Ontario Government’s COVID-19 procedures and guidelines to ensure the safety of our team, contractors, and stakeholders,” Ardiden managing director and CEO Rob Longley explained in the company’s ASX announcement.

“South Limb, which sits alongside the Dona Creek gold mine, is the second gold prospect to be drilled at our Pickle Lake gold project.

“There are another 20 identified gold prospects, which have yet to be touched.

“We have budgeted and planned at least 5,000 metres of Winter drilling which will be split between our fully permitted South Limb prospect and Kasagiminnis gold deposit.

“The program will be adapted to the geology intersected and to optimise local logistics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au