Black Cat Syndicate Encounter Thick High-Grade Gold at Imperial/Majestic

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported assay result from recent drilling undertaken on the company’s Fingals and Bulong gold projects in Western Australia.

The latest drilling activity entailed RC drilling at the Jones Find and Imperial/Majestic target, both part of the Fingals gold project and diamond drilling at Myhree on the Bulong gold project.

Black Cat’s maiden drilling program at Jones Find intersected thick, shallow zones of mineralisation returning high grades

Jones Find is one of a number of areas at Fingals that contain known historical mineralisation, and which Black Cat considers to have potential for JORC 2012 Mineral Resources growth.

The initial program comprised 22 holes with results including:

20JFRC016
13 metres at 4.98 grams per tonne gold from 30m;

20JFRC013
13m at 2.38g/t gold from 26m; and

20JFRC013
12m at 1.41g/t gold from 62m.

One kilometre away, at Imperial/Majestic 14 RC holes were drilled targeting deposit extensions, returning encouraging results with multiple gold zones identified and a number of high-grade intersections, including:

20IMRC004
5m at 5.04g/t gold from 71m;

20IMRC005
10m at 3.36g/t gold from 57m; and

20IMRC016
8m at 3.55g/t gold from 174m.

At Myhree, Black Cat drilled six diamond holes for geotechnical assessment of underground mining beneath the potential open pit.

These holes intersected high-grade lodes including:

20MYDD005
3.68m at 9.35g/t gold from 196.94m; and

20MYDD006
3.34m at 9.74g/t gold from 186.83m.

“Since acquiring Imperial/Majestic in July 2020, we have planned to test the adjacent areas where historic drilling demonstrated extensive mineralisation that had not been converted to Resource,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“Jones Find is one such area and these results provide even more encouragement to drill other adjacent mineralised zones.

“Black Cat is targeting Resources of greater than one million ounces to provide genuine scale.

“The Resource base is currently approx. 884,000 ounces.

“Thick, shallow, high-grade results from our initial drilling at Jones Find and Imperial/Majestic are encouraging and demonstrate the potential to rapidly grow Resources in and around Imperial/Majestic.

“Drilling at Myhree targeted deeper parts of the mineralised system in order to evaluate underground mining potential.

“The results further confirm the underground potential at Myhree once potential open pit mining is complete.

“The latest drilling supports our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years feed ahead of it.

“The latest drilling will be included in our program of ongoing Resource upgrades.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

 

Venture Minerals Confirms Orcus Target as Priority Number One

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS), by way of a ground (Moving Loop) EM survey, has confirmed the fourth and now the highest priority VMS Drill Target (now named Orcus) at the company’s Golden Grove north project in Western Australia.

Venture Minerals is currently drilling at the Vulcan North target within the Golden Grove project, however, once the three planned drill holes are completed at Vulcan North the RC rig will be moved onto Orcus – which has moved up the ranks as the highest priority drill target.

Orcus already boasts a VMS style drill intersection of:

22 metres at 0.76 grams per tonne gold, 0.64 per cent copper and 1.3 per cent zinc from 38m to bottom of hole, including 10m at 1g/t gold, 0.74 per cent copper and 2.1 per cent zinc from 50m to bottom of hole.

Orcus sits on trend between two other recently delineated high-priority VMS drill targets – Vulcan North and Vulcan West.

“The Golden Grove north project continues to deliver with confirmation by the EM survey of the Orcus VMS drill target, which is the fourth and now the highest priority target to date,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The company will now switch the rig onto Orcus to bring forward the testing of this very exciting target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Peel Mining Drills Encouraging Signs at May Day and Southern Nights

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported on drilling results from the company’s South Cobar project, located near Cobar in Western New South Wales.

Peel Mining has received results from Resource definition drilling at the May Day deposit that returned strong, wide gold-polymetallic intercepts with a high-grade core, including:

MDDD001
14 metres at 1.89 grams per tonne gold, 28g/t silver, 0.48 per cent zinc, 0.32 per cent lead, 0.09 per cent copper from 98m within 31.5m at 1.05g/t gold, 26g/t silver, 0.89 per cent zinc, 0.78 per cent lead, 0.16 per cent copper from 95m;

MDDD003
14m at 1.7g/t gold, 82g/t silver, 3.75 per cent zinc, 3.31 per cent lead, 1.11 per cent copper from 148m within 29.8m at 0.92g/t gold, 46g/t silver, 2.63 per cent zinc, 2.52 per cent lead, 0.58 per cent copper from 146m; and

MDDD002
12.1m at 2.08g/t gold, 69g/t silver, 1.68 per cent zinc, 1.38 per cent lead, 0.3 per cent copper from 216.9m within 31.31m at 1.15g/t gold, 39g/t silver, 0.98 per cent zinc, 0.73 per cent lead, 0.14 per cent copper from 210.69m.

Peel has Resource drilling at May Day nearing completion in advance of an anticipated Mineral Resource Estimate (MRE) update anticipated around year end.

Assays are pending for the balance of completed drilling.

Peel also carried out five extensional drillholes at the southern end of the Southern Nights deposit to follow-up a previous encounter of gold-polymetallic mineralisation on the southern edge of the current MRE.

Two of these holes returned new massive sulphide intercepts up to approx. 80m further south, outside of the current MRE.

“The robust continuity of strong gold-polymetallic mineralisation over mineable widths within the first few resource definition drillholes at May Day affirms the potential of the resource,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“These drillholes have also provided us with a clearer understanding of the geological and structural setting, as well as material for metallurgical testwork.

“We look forward to releasing further results as they become available.

“The new step-out massive sulphide intercepts at Southern Nights are also a welcome addition to the company’s critical mass ambitions, highlighting the wide-open nature of this major mineral system.

“Further step-out drilling is planned.”

 

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

 

Ardea Resources Confirms Lily Albany Gold Discovery

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced confirmation of the Lily Albany gold discovery at Aphrodite North, located within the company’s Goongarrie nickel-cobalt project in Western Australia.

Ardea Resources said recent RC drilling had verified gold mineralisation continuity as part of its assessment of the Goongarrie project for underlying gold mineralisation.

Eight RC drill holes were completed on three sections, returning assay results demonstrating gold mineralisation to be continuous and open.

Ardea’s second round of RC drilling confirmed shallow to deep mineralisation, indicating vertical extent of an orogenic gold system over all depths drilled, including:

AANR0008
10 metres at 3.55 grams per tonne gold from 40m, including 2m at 15.50g/t gold from 44m;

AANR0009
18m at 1.07g/t gold from 216m, including 2m at 2.45g/t gold from 218m;

AANR0010
10m at 1.30g/t gold from 136m, including 2m at 3.06g/t gold from 136m; and

AANR0014
6m at 1.68g/t gold from 246m.

“Ardea’s gold targeting under cover strategy has been shown to be effective in discovering orogenic gold mineralisation with the discovery of Lily Albany,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“This emerging gold discovery is only 70 kilometres northwest of the City of Kalgoorlie-Boulder and Ardea will continue to leverage off the surrounding infrastructure to accelerate its gold strategy.

“With Ardea tenements covering 65 kilometres of strike along the major gold controlling structure, the Bardoc Tectonic Zone, multiple gold targets have been defined and will continue to be systematically explored to build upon this promising start.

“The Ardea Team are also keenly awaiting assay results from other gold targets recently drilled and look forward to providing updates on these, as information becomes available.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Kin Mining Expands Collymore Gold Trend

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received encouragement from recent air-core (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining carried out the drilling on the Collymore prospect as part of an ongoing Phase 3 drilling program at CGP.

The company said the new assays build on results of previously announced Collymore AC drilling by providing further evidence of an emerging gold trend lying parallel and immediately west of the company’s East Lynne discovery and between the Hobby and Rangoon deposits.

The results include several intercepts that have defined two parallel mineralised trends at the Collymore prospect, extending over a strike length of more than 1.2 kilometres.

Assay results received from in-fill air-core (AC) drilling at Collymore, adjacent to the East Lynne discovery include:

CM20AC057
8 metres at 1.68 grams per tonne gold from 48m;

CM20AC031
4m at 1.92g/t gold from 24m;

CM20AC045
4m at 1.55g/t gold from 24m; and

CM20AC048
8m at 0.94g/t gold from 48m.

Two Reverse Circulation (RC) holes have also been completed at Collymore to test the Eastern trend and confirm the geological interpretation of the mineralisation below the oxide zone.

Assays are pending for both RC holes, while a larger follow-up RC drilling program is being planned for Collymore, to test the extent and scale of the mineralisation identified.

“We are very pleased with the consistently strong results generated from the 200 metres spaced in-fill air-core drilling at Collymore,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The results demonstrate a significant strike length of mineralisation in two parallel zones underneath a strong soil geochemical anomaly, located immediately west of the East Lynne trend.

“As we have seen at both Hobby and Cardinia Hill, anomalous soil geochemistry at surface followed by broad spaced, ore grade AC results in the oxide and regolith zone in the right geological environment is a good indicator of strong underlying gold mineralisation when tested at depth with RC and diamond drilling.

“Collymore has delivered strong initial results with the added bonus that it now raises the potential for several deposits along this trend, including the Hobby deposit 1.2 kilometres to the north and the Rangoon deposit 1 kilometre to the south.

“We are eagerly awaiting assay results from the initial two RC holes that tested the Collymore mineralisation at depth before planning a follow-up RC program to provide a more comprehensive test of this large emerging gold trend.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Saturn Metals Expands Apollo Hill Gold System

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

Saturn Metals is drilling as part of a strategy to grow the current Apollo Hill 781,000 ounces Mineral Resource.

The company has a further resource upgrade targeted for late 2020, incorporating results from drilling conducted since October 2019 when the resource estimate was last updated.

Results comprise thick, shallow intersections, which the company has considered to demonstrate mineralisation continuity on several hanging-wall positions along the deposit’s strike length, including:

AHRC0414
10 metres at 2.02 grams per tonne gold from 51m, including 5m at 3.84g/t gold from 53m;

AHRC0393
16m at 1.06g/t gold from 16m;

AHRC0448
5m at 2.38g/t gold from 126m; and

AHRC0387
7m at 1.02g/t gold from 200m.

Drilling on the Apollo Hill main zone continued to extend and improve mineralisation with intersections including:

AHRC0414
16m at 2.0g/t gold from 136m including 5m at 5.57g/t gold from 141m;

AHRC0393
23m at 1.64g/t gold from 221m;

AHRC0176
11m at 1.2g/t gold from 204m and 5m at1.65g/t gold from 224m within 46m at 0.73g/t gold from 190m;

AHRC0439
9m at 1.62g/t gold from 26m;

AHRC0441
10m at 1.10g/t gold from 33m;

AHRC0440
7m at 1.17g/t gold from 18m; and

AHRC0388
6m at 1.85g/t gold from 69m.

“Results continue to extend gold mineralisation and improve continuity in shallow hanging-wall positions along the deposit’s strike length,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Extensional drilling on the main lode is returning some excellent intersections.

“Assays remain pending for a further 60 holes and drilling continues to home in on key growth areas of the deposit.

“We look forward to receiving and reporting on the next batch shortly and to incorporating them into the next resource upgrade process planned for later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

 

Middle Island Resources Provides Sandstone Feasibility Study Update

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) advised on the current status of a Feasibility Study (FS) underway into re-commissioning of the company’s wholly-owned and now advanced Sandstone gold project in the central goldfields of Western Australia.

The Study includes the existing processing plant that is on care and maintenance.

The company has now received the majority of assay data relevant to the Feasibility Study (FS) for the Sandstone gold project.

This includes Mineral Resource estimates that have been completed for eight of Sandstone’s 10 gold deposits; the remaining two are in progress.

Pit optimisations and pit designs have been completed for the first five quantified deposits with associated work on haul road and waste dump designs having also commenced.

Metallurgical testwork has commenced, supplementing previous testwork and operational performance.

Middle Island is conducting a concurrent scoping study into a modest upgrade to the capacity of the on-site mill with GR Engineering Services.

Design work on additional tailings storage capacity is well advanced in line with sterilisation drilling for new and expanded waste dumps, and a tailings facility expansion.

Evaluation continues into the refurbishment and upgrade of the substantial existing supporting infrastructure at Sandstone.

Detailed cost estimates and FS reporting is expected to be completed in January 2021.

“Having resolved the backlog of some 10,000 resource definition samples in the assay laboratory, we now have a clearer line of sight on the FS schedule and, therefore, in a position to provide a timely update on FS progress,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“Assuming a positive recommissioning decision during or before January 2021, and that remaining statutory approvals are forthcoming in a timely manner, there is every reason to anticipate that the Sandstone gold operation will be recommissioned in the September quarter of 2021.”

 

 

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

 

Stavely Minerals Reports Biggest Hit to Date from Cayley Lode Discovery

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported its best results to date from drilling on the high-grade Cayley Lode discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely declared the latest intersection as being, “one of the most significant intercepts since its discovery in September last year”.

The latest intercept was achieved in diamond hole SMD104, located approx. 275 metres south-east along strike from the discovery intercept of 32 metres at 5.88 per cent copper, 1 gram per tonne gold and 58g/t silver in SMD050.

Stavely said the newest encounter continues to reinforce the scale, continuity and shallow nature of the copper-gold-silver mineralisation within the Cayley Lode.

The very broad zone of copper mineralisation was intersected from shallow depths in the Cayley Lode, returning:

SMD104
144 metres at 1.04 per cent copper, 0.15g/t gold and 3.4g/t silver from 35m down-hole, including 84m at 1.55 per cent copper, 0.23g/t gold and 5g/t silver from 95m, including 28m at 3.31 per cent copper, 0.49g/t gold and 7.1g/t silver from 151m.

“The Cayley Lode continues to deliver some quite exceptional shallow drill intercepts of high-grade copper, gold and silver mineralisation,” Stavely Minerals executive chairman Chris Cairns said in the company’s announcement to the Australian Securities Exchange.

“The 144 metres intercept from just 35 metres down-hole is a timely reminder that our drill definition program on the Cayley Lode is continuing to produce spectacular intercepts.

“We expect this to continue as drilling progresses – both the current shallow Mineral Resource definition drilling program and later as drilling migrates to defining the Cayley Lode, and other lodes at depth.

“As exceptional as the intercept in SMD104 is, it ranks on a copper grade times width basis as the third best drill intercept from the Cayley Lode behind the discovery intercept…in SMD050 and a more recent intercept of 87 metres at 1.74 per cent copper, 0.57 grams per tonne gold and 20 grams per tonne silver in SMD087.

“We are excited by the scale of the opportunity that continues to emerge at Thursday’s Gossan as ongoing drill programs continue to define the Cayley Lode both along strike and at depth.

“We now have significant drill intercepts in the Cayley Lode over more than 1.5 kilometres of strike as well as intercepts in other structural positions to drill depths of 1,150 metres.

“There is a large amount of drilling still in front of us and the potential for further incredible results like these is compelling.

“In addition to defining the known high-grade copper-gold-silver mineralisation in the three structures identified to date at the Thursday’s Gossan prospect – the Cayley Lode in the Ultramafic Contact Fault, the Copper Lode Splay and the North-South Structure – we are expecting two large-capacity diamond drill rigs on-site in the next couple of weeks to commence drilling two 1,500 metres diamond drill holes to test for the blind porphyry system we expect is driving this very large mineralised system.

“As these holes progress toward their respective porphyry target zones, they will traverse the volume of rock that hosts the three known mineralised structures and have the potential to identify additional mineralised structures not yet seen in drilling completed to date.

“It is a very exciting time for the team and Stavely Minerals’ shareholders – buckle up and enjoy the ride!”

Satvely currently has an intensive resource drill-out continuing with a focus of extending to the northwest within what is now a 1.5km long discovery zone, with in-fill and step-out drilling continuing based on a roughly 40m by 40m drilling grid.

The Mineral Resource drill-out is well advanced and progressing well.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

RareX Confirms Cummins Range Mineralisation

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THE DRILL SERGEANT: RareX Limited (ASX: REE) continued its rare earths and niobium run from recent in‐fill and extensional drilling undertaken at the company’s 100 per cent‐owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX released results from the two latest RC holes, CRX0012 and CRX0013, which include widths of high‐grade rare earths and niobium mineralisation with broad zones of bonanza grade mineralisation encountered in CRX0013.

New results include:

CRX0012
37 metres at 1.4 per cent total rare earth oxide (TREO) and 0.2 per cent niobium from 21m, including 7m at 3.6 per cent TREO + 0.2 per cent niobium from 37m.

CRX0013
109m at 3.6 per cent TREO and 0.44 per cent niobium from 24m, including 70m at 5.4 per cent TREO and 0.64 per cent niobium from 54m;
9m at 7.5 per cent TREO and 1.5 per cent niobium from 57m;
13m at 10.7 per cent TREO and 1.04 per cent niobium from 76m; and
8m at 9.1 per cent TREO and 0.58 per cent niobium from 106m.

The company explained the north‐west trending channel of mineralisation encountered in previously released drill holes has been confirmed by holes CRX0012 and CRX0013, further enhancing the potential size and grade of the Resource in this area.

Previous historical drilling on surrounding sections had confirmed the presence of high‐grade mineralisation down to 70m below surface.

The current drill program has now extended the zone of high‐grade mineralisation to 130m below surface.

“We continue to be impressed by the consistency of this thick, high‐grade mineralisation within this north‐west channel within the Resource,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“These impressive results provide strong support for the potential both to upgrade the Resource and to define a high‐grade component within the broader Resource.

“Understanding the controls on the high‐grade mineralisation in the weathered zone will also assist with targeting potential high‐grade primary mineralisation in follow‐up drilling to further expand the overall size of the Resource.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.rarex.com.au

 

 

Azure Minerals Goes Three from Three at Andover

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THE DRILL SERGEANT: Azure Minerals’ (ASX: AZS) third hole at the company’s recently acquired Andover project (60% Azure / 40% Creasy Group) has intersected substantial shallow nickel and copper sulphide mineralisation.

Azure Minerals reported the result follows on from similar strong intersections encountered in the first two holes.

Drill hole ANDD0003 intersected generous quantities of massive, semi-massive, matrix, blebby and disseminated nickel and copper sulphide mineralisation in three shallow intervals of:

2.5 metres interval from 41.20m – includes 0.75m of massive and semi-massive sulphides;
9.25m interval from 62.8m – mostly blebby and disseminated sulphides; and
7.65m interval from 78.30m – includes 1.9m of massive and semi-massive sulphides.

“Drilling at Andover continues to deliver very exciting visual mineralisation with our third hole intersecting strong, near-surface nickel and copper sulphide mineralisation,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Our fourth hole has now started, and it is targeting along-strike and down-dip mineralised extensions to the northwest.

“This is early stage drilling but with each of our first three drill holes successfully intersecting substantial widths of nickel and copper sulphides and the presence of strong electromagnetic conductors associated with this mineralisation, we are confident this mineralised system has the potential to be extensive.

“Importantly, spectral scanning of drill core from the first two holes has verified the presence of significant quantities of pentlandite (nickel sulphide) and chalcopyrite (copper sulphide) mineralisation, confirming the Company’s geological logging and visual estimations.”

Azure Minerals indicated it is continuing with surface fixed loop (FLTEM) and down-hole (DHTEM) electromagnetic surveys, along with modelling of this geophysical data to identify numerous EM conductor plates, providing additional targets for follow-up drilling.

The fourth diamond drill hole, ANDD0004, is in progress and it is targeting a strong and extensive conductor plate which is interpreted to represent the west/northwest down-dip extensions of the sulphide mineralisation intersected in the first three holes.

 

 

 

Web: www.azureminerals.com.au