Musgrave Minerals Hits Gold at Target 17

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has delivered further gold intercepts from the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals reported assay results for 97 aircore drill holes from the current regional exploration program underway at Cue.

The current drill program is testing new Starlight analogue targets along trends from the high-grade Starlight gold discovery at Break of Day, with multiple targets returning strong results.

The drilling delivered a strong high-grade gold result at Target 17, 300m east of Break of Day returning:

20MUAC259
6 metres at 11.5g/t gold from 18m within a broader interval of 24m at 3.4g/t gold from 18m.

One metre individual samples from the White Heat prospect (Target 2) returned:

20MUAC232
1 metre at 12 grams per tonne gold from 28m, encountered 40m west of the initial gold intersections

20MUAC233
2m at 30.3g/t gold from 41m, also 40m west of the initial gold intersections, including 1m at 59.5g/t gold from 41m; and

20MUAC236
5m at 8.3g/t gold from 23m, 30m east of the initial gold intersections, including 1m at 33.5g/t gold from 24m.

“This is another excellent set of results from our regional drilling program,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Wherever we look, we are finding gold, which continues to highlight the upside gold potential of the belt and supports the new geological interpretation.

“The Target 17 hit is another strong result in close proximity to Break of Day with follow-up drilling underway.

“Further regional drilling assays are expected later this month.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Kin Mining Riding Hobby Horse to Resource Upgrade

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from recently completed in-fill Reverse Circulation (RC) drilling at the recently-discovered Hobby prospect, part of the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

The Hobby prospect, located seven kilometres from the proposed Cardinia processing plant site, and has been the focus of a resource drill-out program designed to underpin a growing inventory of higher-grade deposits across the project.

The company claims the new results confirm and reinforce previously reported results from Hobby, which included a combination of narrow, high-grade results and wider low-grade results with the prospect demonstrating many similarities to other discoveries at the Cardinia project such as Cardinia Hill, Comedy King and East Lynne/Collymore.

The latest round of drilling results includes:

HB20RC025
5 metres at 27.7 grams per tonne gold from 109m;

HB20RC039
2m at 8g/t gold from 30m;

HB20RC031
2m at 6.93g/t gold from 62m;

HB20RC024
5m at 2.8g/t gold from 37m and 6m at 2.71g/t gold from 71m;

HB20RC027
11m at 1.61g/t gold from 14m; and

HB20RC035
10m at 1.18g/t gold from 21m.

The results correlate well with and complement earlier similar results from Hobby.

“We are delighted with the outcomes of the recently completed in-fill drilling program at Hobby, which has demonstrated the presence of high-grade gold from laminated quartz vein and pyrite mineralisation associated with felsic porphyry intrusions over a strike length of at least 450 metres,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The mineralisation at Hobby remains open both along strike to the south and down-dip to the north – providing significant scope for further resource growth beyond the updated Mineral Resource planned for early next year.

“Significantly, Hobby also provides further evidence of the widespread nature of high-grade mineralisation at Cardinia, which now spans the area from Helens and Cardinia Hill in the south through Collymore and East Lynne to Hobby in the north, a total distance of approximately eight kilometres.

“The standout result of 5m at 27.7g/t gold from 109m down-hole in HB20RC025 demonstrates the attributes we see repeated across the broader Cardinia mineralised system.

“With a strong understanding of the geology, it is possible to achieve outstanding grades with a systematic approach to drilling out resources.

“There are a number of results like this over the Hobby, Cardinia Hill, East Lynne, Collymore, Comedy King and Bruno Lewis deposits drilled this year.

“The 40m by 40m in-fill drilling program at Hobby has reinforced our understanding of the geological controls on the mineralisation and highlighted the importance of north-trending faults, porphyry intrusions, laminated quartz veins and sulphide mineralisation as important factors in controlling the distribution of the high-grade ore.

“Next steps at Hobby include an updated Mineral Resource Estimate to be completed early next year followed by step-out RC drilling to the south and further RC and diamond drilling to test the down-plunge extent to the mineralisation – all of which are to be completed in 2021.

“In the meantime, RC drilling continues at the Bruno Lewis prospect at Cardinia testing the down-dip and down-plunge extensions to the shallow mineralisation at this laterally extensive deposit.

“The Bruno Lewis Deeps program consists of over 100 RC holes and is expected to be nearing completion by the end of the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Genesis Minerals Confirms Kookynie Growth Potential

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) continued to report encouraging drilling results from the company’s Ulysses gold project, in particular within the recently acquired Kookynie group of tenements.

The latest results stem from initial Reverse Circulation (RC) drilling at the Butterfly deposit and diamond drilling at Butterfly as well as at the Admiral deposit.

Drilling has confirmed high-grade gold mineralisation at the Butterfly deposit, which is located south-east of the Ulysses gold deposit.

Assay results include:

20USDH149
5.17 metres at 3.03 grams per tonne gold from 121.76m;

20USDH150
10.82m at 5.22g/t gold from 122.49m;

20USRC515
14m at 2.09g/t gold from 117m;

20USRC525
14m at 1.54g/t gold from 150m;

20USRC527
2m at 15.09g/t gold from 175m including 1m at 29.48g/t gold from 175m; and

20USRC529
6m at 2.41g/t gold from 107m.

Drilling at the Admiral deposit encountered further high-grade mineralisation, including:

20USDH141
2.25m at 7.35g/t gold from 146.08m;

20USDH146
7.6m at 4.00g/t gold from 110.7m;

20USDH147
10.5m at 1.59g/t gold from 66.5m;

20USDH147
7.71m at 2.16g/t gold from 121.79m;

20USDH148
10m at 5.74g/t gold from 75m;

20USRC566
3m at 6.06g/t gold from 81m; and

20USRC588
10m at 3.51g/t gold from 30m.

The drilling was designed to confirm and upgrade zones of mineralisation that are included in the current Butterfly and Admiral Mineral Resources, as well as testing potential extensions to the Mineral Resources.

Drilling was also completed for metallurgical and geotechnical test work.

Results from this program 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.

“These are highly encouraging results from both the Butterfly and Admiral deposits, which indicate a significant opportunity to expand and upgrade the existing Resources across this area to potentially underpin a single, large open pit mining operation,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“Drilling is continuing across the greater Ulysses project with two RC rigs and a diamond rig operating until Christmas, with planning also well advanced for drilling in early 2021.

“We expect to deliver an updated project-wide Mineral Resource in the first quarter of 2021, which will underpin the completion of our 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

 

Apollo Consolidated Drilling Continues Lake Rebecca Growth

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) scored strong results from infill and step-down Mineral Resource definition drilling at the company’s 100 per cent-owned Lake Rebecca gold project in Western Australia.

Drilling focused on the Rebecca, Duchess and Duke deposits has identified new mineralisation at Duchess and Rebecca, and led to the discovery of exciting new zones of mineralisation under cover such as Cleo.

Latest assay results reported include strong infill and step-down gold intercepts at the Rebecca deposit:

RCLR0727
33 metres at 1.46 grams per tonne gold, 30m at 1.16g/t Au and 15m at 1.74g/t gold;

RCLR0722
8m at 3.53g/t gold, 3m at 8.22g/t gold, and 10m at 1.22g/t gold;

RCLR0721
8m at 2.58g/t gold; and

RCLR0725
10m at 1.46g/t gold EOH.

Step-down intercepts at the Duchess deposit include:

RCLR0700
20m at 1.64g/t gold.

While promising indications in exploration drilling SE of Cleo returned:

RCLR0720
3m at 3.78g/t gold EOH.

“Ongoing drilling along the ~1.7km long Rebecca deposit continues to demonstrate the strength of this mineralised system and it is pleasing to see mineralisation intercepted as expected in geological modelling as well as in new structural positions,” Apollo Consolidated said in its ASX announcement.

Apollo has completed an additional eight RC infill and step-down RC drill holes at Rebecca, while four diamond drill holes core drilled from surface are now being processed.

The company is looking to the diamond drilling to provide important geotechnical information as well as testing key exploration positions below the optimised pit shell that constrains the current 775,000 ounces Rebecca Mineral Resource.

Assay results are also pending for a further seven shallow RC holes at the emerging Cleo discovery.

Apollo anticipates using all outstanding drilling results to calculate a re-estimation of Mineral Resources, the results of which will guide exploration priorities and possible commercial studies into 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Kairos Minerals Kicks Off Mt York Drilling

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THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) has a program of Reverse Circulation (RC) drilling underway at the company’s 100 per cent-owned Pilbara gold project in Western Australia.

Kairos Minerals explained the program marks the final phase of the company’s 2020 field program before the onset of the northern-Australian Wet Season.

The current drilling program is focused on the Old Faithful deposit at the Mt York project, targeting extensions to the current Resource as well as high-grade zones within the deposit, with the aim of upgrading the current Unclassified, Inferred and Indicated Resources into higher-confidence categories.

Approximately 14 holes are expected to be drilled, with the aim of testing some of the targets generated by the recently-completed SAM survey, as well as testing extensions to the known mineralisation both at depth and along strike.

“Our recent SAM survey has delivered a number of compelling targets at Old Faithful, which we will start testing over the next two weeks,” Kairos Minerals executive chairman Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“In addition, we will be looking to extend and upgrade the existing 89,400 ounces Old Faithful Resource and target additional high-grade zones within the deposit.

“We’re also looking forward to shortly receiving assay results from recent exploration programs at the Skywell and Croydon projects, which will help our drill targeting for 2021.”

The current Mineral Resource at Old Faithful is 2 million tonnes at 1.37 grams per tonne gold for 89,400 ounces, limited to a maximum vertical depth of 140 metres.

The Old Faithful deposit is part of the larger Pilbara gold project, which has total Resources of 20.9 million tonnes at 1.3g/t gold for 873,500 ounces – including the Iron Stirrup and Mt York deposits.

 

 

Web: www.kairosminerals.com.au

 

Musgrave Minerals Hits High-Grade Gold on Evolution JV Ground

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released results from regional scout aircore drilling undertaken on the Lake Austin Joint Venture with Evolution Mining (ASX: EVN) at Musgrave’s Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals declared the latest drilling to demonstrate the strength of the company’s exploration model for a large gold system beneath Lake Austin.

The aircore drilling has generated multiple high-priority basement gold targets for follow-up drill testing.

New gold intersections include:

20MOAC258
5 metres at 12.1 grams per tonne gold from 90m, including 1m at 53.7g/t gold from 90m;

20MOAC273
13m at 1.9g/t gold from 96m, including 1m at 17.2g/t gold from 106m; and

20MOAC282
69m at 0.8g/t gold from 126m to EOH, including 23m at 1.3g/t gold from 159m.

“This large regional scout drilling program as part of the Evolution JV, has generated some excellent regolith gold results and has significantly extended the gold anomaly around the Lake Austin North target highlighting the potential of the area to host significant basement gold mineralisation,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Musgrave’s regional drilling program on its 100 per cent-owned tenements is near completion and has also defined multiple targets for priority basement follow-up drilling in the new year.”

The Evolution JV excludes all the known resources at Cue (including Lena and Break of Day) and the Mainland option area.

Evolution can earn a 75 per cent interest in the JV area by sole funding $18 million on exploration over a five-year term with a minimum commitment of $4 million in the first two years.

Musgrave is manager of the JV during the initial period.

The joint venture commenced in October 2019.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Kin Mining Drilling Reveals High-Grade Gold at Depth

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) has had the drill bit spinning to return assay results from recent air-core (AC) and Reverse Circulation (RC) drilling at the East Lynne and Collymore prospects at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.

Kin Mining conducted the drilling as part of an ongoing Phase 3 drilling program at the CGP.

The East Lynne trend is located some three kilometres north-east of the proposed plant site at the CGP and is a greenfields gold target Kin’s geological team identified over the past 12 months as a result of systematic exploration work.

The company completed a total 19,500m of AC drilling over the East Lynne project area, with in-fill drilling completed over the northern portion to a 200m line spacing (Lines 15 to 21).

Assay results for the in-fill air-core (AC) drilling Lines 15 to 21 at the northern portion of the East Lynne trend include:

EL20AC341
8 metres at 1.52 grams per tonne gold from 16m;

EL20AC358
4m at 1.27g/t gold from 20m;

EL20AC359
4m at 1.67g/t gold from 20m; and

EL20AC396
4m at 4.18g/t gold from 28m.

“In-fill aircore drilling at 200 metres line spacing is continuing to deliver positive results at East Lynne, with more encouraging ore grade results seen in the Northern Zone,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This program now concludes the AC drilling program for 2020.

“The program has defined the East Lynne mineralisation at 200 metres line spacing over 3.2 kilometres in several semicontinuous positions.

“In addition, the program has also delineated a new zone of mineralisation at Collymore extending over a strike extent of 1,200 metres.”

The company has also completed an initial RC drilling program at both East Lynne and Collymore to test immediately beneath ore grade intersections from earlier AC drilling programs.

Assay results from the Reverse Circulation (RC) drilling at East Lynne and Collymore show potential for high-grade mineralisation, as seen at other deposits at Cardinia such as Hobby and Cardinia Hill, including:

EL20RC376
2m at 1.94g/t gold from 79m;

EL20RC377
1m at 3.51g/t gold from 76m;

EL20RC380
1m at 3.79g/t gold from 22m; and

CM20RC062
1m at 6.1g/t gold from 12m.

Kin Mining will use these results to vector in to priority target zones at East Lynne and Collymore as part of planned follow-up RC drilling early next year.

“The initial program of RC and diamond drilling undertaken at East Lynne and Collymore has helped our understanding of these two targets within the large Cardinia mineralised system,” Munckton said.

“The anomalous soil geochemistry and strong AC results in the oxide zone have helped us target the initial RC drilling positions.

“The combination of the AC and initial RC drilling has outlined semi-continuous mineralisation in several zones over an extensive area with occasional very high-grade intersections over the four metres and one metre sample intervals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Calidus Resources Extends Coronation Deposit Mineralisation

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) has extended the strike length of the known mineralisation at the company’s Coronation deposit in the Pilbara region of Western Australia.

Calidus Resources completed the latest drilling as part of a two-pronged strategy it is implementing looking to create value through exploration at the same time as developing its Warrawoona gold project.

Latest results include:

20CRRC041
14 metres at 3.77 grams per tonne gold from 52m;

20CRRC058
6m at 2.15g/t gold from 30m;

20CRRC050
3m at 4g/t gold from 54m;

20CRRC030
3m at 2.91g/t gold from 36m;

20CRRC027
5m at 1.59g/t gold from 22m;

20CRRC060
4m at 1.85g/t gold from 2m; and

20CRRC039
2m at 3.08g/t gold from 76m.

“Coronation is just eight kilometres from Warrawoona and is emerging as a potential satellite ore source,” Calidus Resources managing director Reeves said in the company’s ASX announcement.

“The infill drilling at Coronation has effectively doubled the strike length of the resource envelope, with mineralisation now traced over 800 metres length and to a depth of up to 150 metres.

“The deposit is open to the south-east and at depth, so that gives us further confidence of additional exploration success and the possibility of adding the first of many satellite deposits to feed into the Warrawoona development which could potentially extend mine life and increase production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Miramar Resources Commences Gidji Drill Campaign

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its exploration aspirations with commencement of its first drilling campaign at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie.

Miramar Resources has commenced aircore drilling on the Gidji JV, the initial focus of which will be on testing the potential for extensions to the 314,000-ounce Runway gold deposit located immediately south of the project’s southern tenement boundary.

Miramar cited historic KCGM reports, it said shows the Runway deposit to include a higher-grade oxide component above the deeper primary mineralisation.

The initial aircore drilling program aims to test the potential for the oxide mineralisation to continue onto Miramar’s tenements, and, by inference, the potential existence of the deeper primary mineralisation.

The initial program will be followed up with further aircore, along with deeper RC/diamond drilling.

“We believe the Runway deposit only stops at our tenement boundary due to a lack of effective drilling,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The strike length of the existing Runway deposit is only about 400 metres and we currently have a similar gap between the tenement boundary and the first line of effective drilling on our ground.

“If we can replicate what KCGM discovered at Runway, we could be well on our way to our first development opportunity.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Firefly Resources Intersects Further High-Grade Gold at Yalgoo

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THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported new results from a second batch of assays received from a recently completed second phase drilling undertaken at the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources declared the results had confirmed the consistency, high-grade potential and shallow nature of the mineralisation within the Melville gold deposit.

New assay results include:

FMRC0018
50 metres at 1.4 grams per tonne gold, including 4m at 5.2g/t gold and 5m at 4.04g/t gold;

FMRC0021
30m at 1.23g/t gold, including 6m at 7.48g/t gold;

FMRC0031
22m at 5.36g/t gold, including 5m at 17.5g/t gold, including 1m at 73.3g/t gold;

FMRC0033
17m at 2.75g/t gold, including 3m at 7.48g/t gold; and

FMRC0013
3m at 5.89g/t gold, including 1m at 17g/t gold.

“We have completed systematic drill test of areas that we believed were more ‘at-risk’ in the historical Melville resource estimate when we acquired the project,” Firefly Resources managing director Simon Lawson said in the company’s ASX announcement.

“While producing some spectacular gold results along the way, this drilling within the main resource area has strongly validated the historical data used in the previous estimate, giving us a high level of confidence in the previous estimate.

“The next phase of drilling, currently underway, is designed to significantly increase the footprint of mineralisation by targeting an area up to 500 metres to the north and along-strike from Melville.

“We have established an excellent foundation at Melville in our previous two phases of drilling, and it’s now time to step out and see how big we can grow our key gold asset at Yalgoo.

“Our small team is out there consistently generating results and testing the value proposition represented by Melville right now.

“We are really excited about what we are seeing in these latest drill-holes and have a schedule of targets along-strike from Melville as well as across the multiple proven mineralised trends in the wider Yalgoo gold project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au