Middle Island Takes Sandstone Gold Project Over 730,000 Ounces

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has taken the Resource inventory for the company’s Sandstone gold project in Western Australia to over 730,000 ounces of gold.

The upgrade comes by way of a maiden Mineral Resource for Sandstone’s new McIntyre satellite open pit deposit, and updated estimates for the existing Twin Shafts and Goat Farm deposits, which have combined to add a further 40,100 ounces of gold.

More than 91 per cent of McIntyre and 84 per cent of Twin Shafts’ estimates are classified in the higher confidence Indicated category, while Goat Farm has been classified as an Inferred Mineral Resource, due to rig access constraints precluding a higher drill density.

McIntyre represents the third of five new satellite open pit deposits measured by Middle Island’s 50,000m drilling campaign undertake in 2020.

All three deposits will now be optimised to determine the in-pit Mineral Resources likely to contribute to Ore Reserves in the current Sandstone feasibility study.

“The maiden Mineral Resource for the McIntyre satellite deposit, and updated Mineral Resources comprising the Twin Shafts and Goat Farm open pit deposits increase the total Sandstone project Mineral Resources to 732,000 ounces gold,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The McIntyre and Twin Shafts deposits will now be optimised and mine designs prepared to determine Ore Reserves likely to contribute to the FS.

“The lower strip ratio anticipated at the McIntyre satellite deposit suggests it may be scheduled for mining and processing earlier in the mine life, making a very valuable contribution to the project.

“Mining of the Twin Shafts southern extension will provide for greater tailings capacity within the existing in-pit licenced storage facility, while a cut-back of the existing Goat Farm open pit will provide for a larger capacity in-pit tailings storage option, beyond the initial open pit production scenario, should it be required.

“Final resource definition samples for the Ridge and McClaren deposits have now been received from the assay laboratory.

“We look forward to compiling and announcing these results shortly, prior to finalising Mineral Resource estimates for these two remaining satellite deposits.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Kin Mining Expands Cardinia Hill at Depth

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent diamond (DD) and Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.

Kin Mining is drilling at the Cardinia Hill prospect as part of an ongoing Phase 3 drilling program at CGP, from which the first diamond holes have returned high-grade gold results in the sulphide zone, confirming continuity of higher-grade mineralisation below the recently completed resource drill-out.

The latest assay results Kin has received for the initial diamond drill-holes at the Cardinia Hill discovery, located two kilometres from the project’s proposed processing plant location have improved the company’s understanding of the geology and sulphide zones at Cardinia, with assays including:

CH20DD054
5.4 metres at 6.18 grams er tonne gold from 186.4m;

CH20DD053
5.3m at 3.31g/t gold from 96m; and

CH20DD055
31.9m at 1.2g/t gold from 83.3m, including 8.3m at 2.65g/t gold from 107.4m.

Diamond drilling of the Northern Shoot also intersected high-grade gold mineralisation in the sulphide zone at shallower depths, to approximately 100m below surface in CH20DD055.

RC drilling in the centre of the deposit confirmed continuity of the mineralisation between the high-grade Southern and Northern Shoots.

The recently completed RC and DD resource definition program extended the overall strike length of the Cardinia Hill mineralisation to more than 700m.

Kin Mining is now waiting on assay results for a further 18 RC holes and five diamond holes at Cardinia Hill that are expected to be received over the coming weeks.

“Diamond drilling is continuing to deliver excellent results at Cardinia Hill, with high-grade gold associated with the pyrite mineralisation intersected at depth in the Southern Shoot and strong intersections also achieved within the Northern Shoot,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“This highlights the potential for good continuity of the mineralisation, with an improving grade profile, at depth within the recently completed resource drill-out.

“The initial RC drilling was aimed at defining the southern extent of the near surface mineralisation and confirming that the deposit has continuity between the Southern and Northern high-grade shoots.

“Both of these aims have been confirmed with the deposit closed off to the south and narrow, generally one metre to four-metre-wide zones of 1g/t to 2g/t mineralisation intersected between the high-grade shoots.

“In addition, narrow zones of mineralisation have also been intersected on the western side of the main ore zone which are likely to add to the attraction of the deposit.

“While our main focus is on establishing a maiden Mineral Resource estimate for Cardinia Hill by the end of this year, the diamond drilling has given us a much better understanding of the geological controls on the mineralisation and also highlighted the potential for discovery of shallow additional zones and extensions to the existing mineralisation into underground mining positions in the future.

“The resource drill-out at Cardinia Hill has been successfully completed, with samples from the remaining 18 RC holes and five diamond holes currently in the laboratory.

“These results will be reported as they come to hand over the coming weeks, in parallel with recently completed RC drilling at East Lynne, RC drilling at Hobby and programs currently being undertaken at Lewis East RC and air-core drilling at the Iron King prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Impact Minerals Sharpens Broken Hill Vector

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared exploration breakthroughs at the company’s Broken Hill project in New South Wales.

Impact Minerals explained the breakthroughs were achieved using the company’s proprietary geochemical ratio, enabling it to vector-in towards high-grade nickel-copper and possibly PGE zones.

Using the ratio, Impact has claimed discovery of a continuous zone of elevated ratios at least 80 metres long at both the Plat Central and Platinum Springs East prospects, both mostly between 1 and 2 metres thick but up to 6 metres thick in places and containing high tenor disseminated to blebby (up to 15%) nickel-copper sulphides (pentlandite and chalcopyrite) in places.

The zones are open in all directions.

Impact had identified the two prospects as priority areas for follow up drilling as they contained elevated ratio values, as calculated via hand held XRF, throughout thick units of target ultramafic rock.

“Recent drilling was guided exclusively by the ratio and directly led to the discovery of the zones of significant visual sulphide mineralisation,” Impact Minerals said in its ASX announcement.

“This further confirms the potential of the vector to drive exploration in the area as drilling progresses.”

This drilling included the first two Reverse Circulation (RC) drill holes at Plat Central, PSIPT016 and PSIPT017 that were anticipated to encounter thick zones of modest grade gold+platinum+palladium (3PGE).

The highest values were achieved in hole PSIPT016 which returned:

51 metres at 0.21 grams per tonne 3PGE from 11m downhole, including 8m at 0.6g/t 3PGE from 29m, including 1m at 0.3 per cent nickel, 0.3 per cent copper and 1.5g/t 3PGE from 30m.

PSIPT017:
49m at 218ppb 3PGE from 21m downhole, including 7m at 0.4g/t 3PGE from 33m, including 1m at 0.8g/t 3PGE from 37m.

A further hole, PSIPT018, did not reach the base of the ultramafic unit because of drill rig limitations, but did however return a zone of modest 3PGE results with the end of hole showing an increase in grade.

31m at 94ppb 3PGE from 129m, including 2m at 0.24g/t 3PGE at the end of hole.

Impact interpreted hole 018 may lie close to the margin of, or actually be within, the main Plat Central channel some 200m down plunge and will now drill this hole deeper with a more appropriate drill rig as soon as practicable.

The company indicated further drilling at Plat Central will be focused on tracking the mineralised channel both up and down dip to determine its trend and possible strike extent and will commence following receipt of the required statutory approvals and initial assays.

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

 

Genesis Minerals Hits Wide Zones of Shallow Gold Mineralisation

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported on results from ongoing Reverse Circulation (RC) drilling underway at the Orient Well deposit, part of the company’s recently expanded 100 per cent-owned Ulysses gold project in Western Australia.

Genesis Minerals said the RC drilling has confirmed the presence of extensive gold mineralisation at the Orient Well deposit, on the recently acquired Kookynie tenements over a 1.2 kilometres strike length, with results including:

20USRC538
9 metres at 2.18 grams per tonne gold from 16m;

20USRC539
5m at 8.24g/t gold from 35m; and

20USRC540
22m at 0.74g/t gold from 15m, including 5m at 2.03g/t gold from 32m.

The drilling results include 27 holes recently drilled of 53 holes drilled to date with results encountering mineralisation outside the current Orient Well 1.5 million tonnes at 1.3g/t gold for 61,000 ounces Mineral Resource envelope.

The company made note of a further wide intercept:

20USRC543
22m at 1.63g/t gold from 155m;

Saying this highlights the potential for substantial mineralisation at depth.

“Orient Well is the third deposit within the recently acquired Kookynie tenements that we have started to systematically drill test,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“As we found at the Admiral and Clark deposits from the results released in recent weeks, the drilling supports the historical data and validated the information that was used to produce the JORC compliant Mineral Resources.

“As with the other two deposits, we are also seeing considerable upside from potential extensions of the known mineralisation.

“In the case of Orient Well, 19 of the 27 holes reported in this announcement are outside of the known Resource envelope – a very exciting development!

“The wide zone of strong gold mineralisation returned from 20USRC543 at depth clearly supports our interpretation that gold mineralisation will extend at depth.

“Given the shallow depth of the historical drilling there is substantial exploration upside along the entire 1.8 kilometres of strike.

“Drilling immediately south of the Orient Well open pit has also intersected shallow gold mineralisation over 300 metres of strike in the area drilled to date – which represents a great opportunity to define immediate oxide open pittable Resources.

“The outstanding success of the program to date more than justifies our decision to expand the program by 40 per cent, or 10,000 metres to plus-35,000 metres.

“We will soon have four rigs working – two RC rigs, a diamond rig and an air-core rig, which will keep us extremely busy right up until Christmas!”

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

 

Aruma Resources Prepares for Saltwater Drilling

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) is preparing its first drilling program at the company’s 100 per cent-owned Saltwater gold project in the Pilbara region of Western Australia.

With all eight leases now granted at the Saltwater project, Aruma plans to undertake a reverse circulation (RC) drilling program of up to 5,000 metres.

Aruma completed an initial phase of field work at Saltwater consisting mapping and sampling programs at the priority Saltwater Ring Structure target, a large 60 square kilometre magnetic/conductivity anomaly.

Through these programs, Aruma defined targets for the first phase of drilling at Saltwater, for which it has submitted a program of works (PoW) to the Department of Mines, Industry Regulation and Safety (DMIRS).

“Following the successful sale of our Kalgoorlie leases for $500,000, announced earlier this month, we have continued to advance our Pilbara, Norseman and New South Wales projects,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“Aruma is well funded with some $4 million in cash and receivables, including $160,000 due in the next round of R&D tax credits.

“This together with a new Exploration Manager will allow us to aggressively explore and evaluate our strategically located gold project portfolio, resulting with drilling to define potential resource targets.”

Elsewhere across its portfolio, Aruma has completed Mineral Mapping and Aster Conductivity studies at the Melrose project, also in the Pilbara region, where preliminary results have confirmed the presence of the interpreted alteration within the project area, consistent with the company’s exploration model.

The Melrose project consists of eight ELAs covering a total area of 216sqkm, adjacent to Northern Star Resources’ Paulsens gold mine.

At the Capital gold project in the Lachlan Fold Belt of NSW, Aruma conducted initial community engagement meetings with members of the local communities near the project area (E5955, E5956 and E5987 in the Goulburn-Canberra districts and EL 5987 within the Queanbeyan-Palerang Shire).

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

 

Sky Metals Drilling at Galwadgere Deposit

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THE DRILL SERGEANT: Sky Metals has commenced a program of RC percussion drilling at the company’s 80 per cent-owned (with an option to purchase 100%) Galwadgere copper-gold project near Wellington in New South Wales.

Sky Metals is drilling to test a series of targets at the Galwadgere deposit that will entail a program of four to eight 200 to 250m drillholes to test the Galwadgere mineralisation down dip and along strike as well as confirm historic drill intersections.

“RC percussion drilling at Galwadgere is part of the company’s aggressive exploration program focussed on the drill testing of high priority targets,” SKY Metals CEO Mark Arundell said in the company’s announcement to the Australian Securities Exchange.

“Drilling is primarily focussed on extending both the strike and down dip extent of the Galwadgere mineralisation.”

GARC001 was drilled to test the downdip extent of mineralisation intersected at the southern end of the Galwadgere deposit.

The drillhole did not achieve its target depth of 200m, but intersected a sequence of intensely altered rocks (mostly sericite) with associated pyrite mineralisation from 100m depth.

The company has interpreted this to be proximal alteration of the copper-gold mineralisation and has read the results as being encouraging.

Sky Metals plans to deepen this drillhole with diamond core.

GARC002 was drilled to test the downdip extent of strong mineralisation intersected in previous Alkane drillholes GAL008 (47m at 0.9% copper and 1.58g/t gold from 122m).

Strong sulphide mineralisation (pyrite +/- chalcopyrite) mineralisation was intersected over an approximate 50m zone from 140 to 190m downhole before the drillhole passed into ‘footwall’ unaltered Devonian sediments at approximately 197m.

Samples from these first two drillholes have been submitted for analysis, from which the company anticipates results mid-November.

 

TO READ THE FULL ANNOOUNCEMENT: CLICK HERE

 

Email: admin@skymetals.com.au

 

Web: www.skymetals.com.au

 

 

RareX Scores Higher-Grade Hits at Cummins Range

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THE DRILL SERGEANT: RareX Limited (ASX: REE) returned further exceptional results from recent in-fill and extensional Reverse Circulation (RC) drilling undertaken at the company’s 100 per cent-owned Cummins Range rare earths project, located in the Kimberley Region of Western Australia.

RareX declared the recent drilling to have confirmed an outcropping, thick high-grade mineralised channel trending north-west from strongly mineralised drill holes.

Latest results include:

CRX0010

90 metres at 3.8 per cent total rare earth oxide (TREO) and 0.3 per cent niobium from 4m, including 20m at 5.1 per cent TREO and 0.3 per cent niobium from 7m, including 3m at 11.3 per cent TREO and 0.5 per cent niobium from 7m, including 32m at 4.4 per cent TREO and 0.3 per cent niobium from 62m, including 5m at 9 per cent TREO and 0.6 per cent niobium from 64m, including 17m at 5.1 per cent TREO and 0.3 per cent niobium from 73m; and

CRX0011

8m at 3.3 per cent TREO and 0.1 per cent niobium from 26m, including 2m at 10.4 per cent TREO and 0.04 per cent niobium from 30m.

RareX likened the latest results to previously announced drilling results, as these holes also have ultra-high-grade seams within a broader high-grade intersection, with the internal zones including 3m at 11.3 per cent TREO, 5m at 9 per cent TREO and 2m at 10.4 per cent TREO.

The results again demonstrate an improvement on previous drilling in the immediate area and support the company’s strategy of delineating a higher-grade component within the project’s overall Inferred Mineral Resource of 13 million tonnes at 1.13 per cent TREO with 22 per cent Neodymium/ Praseodymium (NdPr) content.

“90 metres at 3.8 per cent TREO is easily the best-ever hole drilled at Cummins Range and would have to be up there globally from anything I can recall,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“It provides a strong indication of the quality, scale and grade of this deposit, which is characterised by its high NdPr content and location in a Tier-1 mining jurisdiction.

“We continue to be impressed by Cummins Range and look forward to receiving further assay results that will pave the way for an updated Mineral Resource, as well as commencing drilling at Weld North next month.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

Nexus Minerals Encounters High-Grade Gol at Templar Prospect

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) reported assay results from a second round of 20 RC holes drilled at the Templar prospect, within the company’s Wallbrook gold project in the eastern goldfields of Western Australia.

Nexus Minerals declared the first pass shallow drilling had confirmed broad and high-grade mineralisation extending over 700 metres, remaining open in all directions.

Recently encountered intersections include:

12 metres at 5.04 grams per tonne gold from 39m, including 1m at 57.1g/t gold;

5m at 5.88g/t gold from 58m, including 3m at 9.28g/t gold;

26m at 1.67g/t gold from 100m to EOH, including 6m at 3.5g/t gold (EOH);

24m at 1.42g/t gold from 60m, including 6m at 4.22g/t gold, including 1m at 11.53g/t gold; and

37m at 1.03g/t gold from 60m (most northerly hole drilled), including 7m at 2.09g/t gold. and 6m at 2.08g/t gold.

The company indicated that 38 of the 40 RC holes drilled at Templar intersected mineralisation, noting that the drilling tested shallow depth only (approx. 100m) demonstrating potential remaining at depth.

“These latest results from the Templar prospect have again intersected broad and high-grade gold intercepts and shown continuity of the mineralisation, which now extends over greater than 700 metres strike and remains open in all directions,” Nexus Minerals managing director Andy Tudor said in the company’s announcement to the Australian Securities Exchange.

“These exciting results have outlined a potentially large and extensive mineralised system.

“Further extensional, depth and infill drilling will be planned to follow up on the results received in this program.”

 

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

 

Web: www.nexus-minerals.com

 

Eagle Mountain Mining Hits Visible Mineralisation at Oracle Ridge

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) updated market watchers on recent drilling activities undertaken at the company’s 80 per cent-owned Oracle Ridge Mine project in Arizona in the United States.

The company provided details of four holes that were drilled and logged from a recent six hole program.

These holes, WT-20-02 to WT-20-05, were positioned to test potential mineralisation outside of the current known resource.

WT-20-02 was drilled to test the eastern extension of mineralisation and the previously untested Geesman Fault, which is a major structure that bounds Oracle Ridge to the north, intersecting several zones of sheared Leatherwood granite.

WT-20-03 tested a poorly drilled area the company considers to have potential for extensions of high-grade copper intersections encountered by historical underground drilling.

Extension to the mineralisation was encountered, although further drilling is required to establish continuity, tenor and thickness of the mineralisation between WT-20-03 and the historical underground holes.

WT-20-04 was drilled to provide a better assessment of mineralisation true width encountered in a nearby historical drill hole.

WT-20-04 was extended at depth to also confirm intersections in a historical hole in a scarcely drilled area of the deposit.

Both zones were intersected.

WT-20-05 tested the western extension of mineralisation in historical holes and was extended at depth to test the contact between limestone sediments and Leatherwood granite intrusive.

This drill hole intersected both targets with copper sulphides observed.

“We are excited by what we have seen in the first six holes at Oracle Ridge and we are eagerly awaiting assay results,” Eagle Mountain Mining CEO Tim Mason said in the company’s announcement to the Australian Securities Exchange.

“As all the holes are located outside the existing mineral resource, any positive results from the assays are likely to increase the quantity of the known mineralisation.

“In addition, the mineralised zone within the ‘Leatherwood’ at the bottom of WT-20-05 is particularly interesting as it changes our interpretation of the local geology and increases the prospectivity of the area.

“Following the positive observations from the drill core, along with our recently completed capital raise and conversion of options by our managing director, Charles Bass I am pleased that we have extended our drilling program to at least December 2020.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

RareX Adds Niobium to Cummins Range Mix

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THE DRILL SERGEANT: RareX Limited (ASX: REE) declared it has confirmed the presence of the critical mineral niobium in large concentrations within high-grade Rare Earth Element (REE) intercepts it recently announced from the company’s 100 per cent-owned Cummins Range rare earths project in the Kimberley region of Western Australia.

RareX reported it has now received the full suite of elements from the first batch of assays from a recent in-fill and extensional drilling program, which returned exceptional thick, high-grade results.

Assays from the first three Reverse Circulation (RC) holes have returned results above the resource grade, including substantial widths and grades in both CRX0002 and CRX0003.

CRX0002
41 metres at 4 per cent total rare earth oxide (TREO) and 0.21 per cent niobium from 29m down-hole, including 29m at 5.2 per cent TREO and 0.25 per cent niobium from 29m including 3m at 13.9 per cent TREO and 0.25 per cent niobium from 30m;

12m at 1.7 per cent TREO + 0.25 per cent niobium from 3m down-hole including 3m at 4.8 per cent TREO and 0.57 per cent niobium; and

10m at 1.3 per cent TREO and 0.14 per cent niobium from 79m down-hole including 6m at 1.7 per cent TREO and 0.18 per cent niobium.

CRX0003
36m at 4.6 per cent TREO and 0.32 per cent niobium from surface, including: – 3m at 25.1 per cent TREO and 0.45 per cent niobium from 15m down-hole;

11m at 1.8 per cent TREO and 0.19 per cent niobium from 50m down-hole including 2m at 6.8 per cent TREO; and

5m at 1.3 per cent TREO from 86m down-hole including 1m at 4.1 per cent TREO.

“With niobium trading fairly consistently at about US$40 per kilogram for much of the last decade, compared to an expected rare earth oxide price of US$15/kg, this could represent a significant by-product for the project,” RareX managing director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“Niobium is one of the 35 critical minerals identified by both the US and Australian governments as a mineral of strategic weakness due to their concentrated supply source – Brazil in the case of niobium.”

 

 

Web: www.rarex.com.au