Peel Mining Completes Maiden May Day Resource Estimate

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported completion of a maiden Inferred Mineral Resource Estimate (MRE) for the May Day deposit, located south of Cobar in western New South Wales.

The maiden Inferred Mineral Resource Estimate for the May Day deposit has come in at:

1.128 million tonnes at 1.3 grams per tonne gold, 19g/t silver, 0.82 per cent zinc, 0.61 per cent lead, 0.11 per cent copper for 46,400 ounces gold, 676,000 ounces silver, 9,260 tonnes zinc, 6,860 tonnes lead, and 1,240 tonnes copper.

The May Day deposit is contained within ML1361 and is part of the Mallee Bull project, which is currently the subject of a purchase and sale agreement between Peel and CBH Resources Limited.

Settlement of the transaction is subject to Ministerial consent for the transfer of title and is expected in the near term.

“The May Day MRE brings modest but important near-surface gold metal exposure to our asset base and is another important step for the company as we continue towards building critical mass for the South Cobar Basin Hub and Spoke project,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“The drill-out now underway is designed to deliver a high quality MRE composed primarily of Indicated classified resources within an optimal pit, and we look forward to releasing drill assays over the weeks ahead in advance of updating the MRE around year end.

“Mineralisation at May Day bears similarities to other Cobar-style gold-rich deposits such as Hera and Peak, and importantly, remains completely open down dip and along strike – we look forward to investigating its greater potential in due course.”

 

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Dreadnought Resources Scores Big Gold Hit at Longmore’s Find

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported drilling results from the company’s Illaara gold-VMS-iron ore project in Western Australia.

Dreadnought Resources carried out maiden drilling programs at the mysterious Longmore’s Find and Black Oak deposits.

The drilling is the first ever undertaken at either prospect – Longmore’s Find (13 holes, 1,161m) and Black Oak (7 holes, 711m).

Both prospects confirmed gold mineralisation, including the highest-grade intercept to date within the Illaara Greenstone Belt of:

LMRC005
1 metre at 100 grams per tonne gold from 56m.

“Confirming high-grade mineralisation at Captain Longmore’s Find, nearly 100 years after his prospecting party walked through the area is a watershed moment for Dreadnought,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“This drilling has confirmed the potential for the approximate 10 kilometres-long Metzke’s Corridor to contain multiple high-grade deposits within over a dozen anomalies.

“Furthermore, the Illaara Greenstone Belt has potential to host other multi-deposit camps including Central Illaara and Lawrence’s Corridor.

“Dreadnought looks forward to following up these drill intercepts and commencing target generation and definition work across Illaara.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Comet Resources Releases Santa Teresa Resource

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THE DRILL SERGEANT: Comet Resources (ASX: CRL) announced the results of an initial JORC code-compliant Mineral Resource estimate for the company’s Santa Teresa gold project in Baja California, Mexico.

The Inferred Mineral Resource estimate has come in at 369,000 tonnes at 7.47 grams per tonne gold for 88,600 ounces of gold.

Comet Resources indicated it intends using the knowledge gained from the completion of the Mineral Resource estimate to assist in planning for its upcoming drilling program at the Santa Teresa gold project.

“The initial JORC compliant Resource is the first step for Comet in moving forward with Santa Teresa,” Comet Resources managing director Matthew O’Kane said in the company’s announcement to the Australian Securities Exchange.

“Through this process we have increased our understanding of the mineralisation.

“It is also interesting to see the sensitivity of the resource to different top cap grades.

“With the Resource being open at depth and along strike, I am confident that we can extend mineralisation with the upcoming drilling.”

 

Email: comet@cometres.com.au

 

Web: www.cometres.com.au

 

Ardiden Eyeballs New Gold Deposit Targets at New Patricia

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THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) reported on completion of a recent Airborne Geophysical Survey carried out at the company’s Pickle Lake Gold Project in northwest Ontario.

Ardiden has conducted a preliminary review of raw data from the survey over the Patricia gold prospect that has shown multiple Tier-1 large-scale structural targets analogous to high-grade gold mine settings in the area.

Another structure revealed in detail by the survey is at the Esker gold prospect, located just 3km east along strike of the Golden Patricia underground mine workings.

This displayed a massive 8km-wide ‘Fold-Nose’ target at Esker, which Ardiden declared to be analogous in size and structure to Newmont’s 5 million ounces operating Musselwhite gold mine.

The company provided context of scale, saying the ‘Fold-Nose’ structure revealed at the Esker prospect is larger in dimension than the Super Pit in Kalgoorlie, Western Australia.

“The New Patricia Gold Property is a potential company-maker in its own right,” Ardiden exploration manager Dan Grabiec said in the company’s announcement to the Australian Securities Exchange.

“Numerous and exciting kilometre-scale geological features have now been delineated for the first time with this modern-day, high-tech Geophysical Survey.

“The New Patricia brownfields gold property is vastly unexplored with good winter access.

“We are seeing incredible structural detail over a regional scale thanks to Ardiden’s aggregation of adjoining gold properties.

“I’m genuinely excited for the time when we commence drilling and see what monsters are potentially hiding below the surface.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Kin Mining Confirms East Lynne Mineralisation Continuity

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent aircore (AC) drilling at the East Lynne prospect at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

The Kin Mining carried out the recent drilling as part of its ongoing Phase 3 drilling program.

Assay results were received for drilling Lines 9 and 10 of 14 lines of AC drilling completed recently across the East Lynne trend.

Assay results include:

Line 9

EL20AC223
4 metres at 1.23 grams per tonne gold from 20m, and 4m at 1.25g/t gold from 40m.

Line 10

EL20AC258
4m at 0.92g/t gold from 28m.

Further assay results were received for in-fill Lines on the Collymore trend in the Northern Zone, including:

CM20AC005
3m at 3.4g/t gold from 84m to EOH; and

CM20AC008
4m at 3.14g/t gold from 16m.

The results confirm the continuity of the East Lynne mineralisation in AC drilling from Line 2 to Line 10, a distance of 3.2km

High-grade gold mineralisation in the near-surface environment is shown to be present above a broad zone of sulphide mineralisation marked by a strong IP anomaly above a major geological feature at East Lynne.

“Air-core drilling is continuing to deliver the goods at East Lynne, with more encouraging ore grade results seen in the southern part of the Central Zone and some significant high-grade results from the first batch of in-fill drilling in the Northern Zone in what we now refer to as the Collymore Trend,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The high-level takeaways for investors are that we have confirmed the continuity of shallow mineralisation in air-core drilling over a 3.2 kilometres strike length from lines 2 to 10.

“This combined with the favourable underlying geology and structures gives us great confidence that we may be onto something quite significant at East Lynne.

“Before we are able to confirm this, we will need to see the results of the initial RC drilling we have completed and diamond drilling which is in progress.

“The first 12 RC holes have been drilled in and around the high-grade shallow intercepts seen in lines 3-9.

“We are awaiting assays. In the meantime, diamond drilling is continuing in a systematic fashion to test the underlying IP anomaly.

“The results should give us a much clearer picture of the scale and significance of what we might be dealing with at East Lynne.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Azure Minerals Intersects Massive Nickel-Copper Sulphides with First Andover Hole

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) wasted no time recording nickel and copper sulphide mineralisation hits at the company’s recently acquired Andover project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals announced mineralisation has been observed in core from the first drill hole ANDD0001 on the Andover project.

Drill hole ANDD0001 intersected 40.7 metres containing nickel and copper sulphide mineralisation within mafic-ultramafic intrusive rocks from a depth of 80.60m.

The hole intersected 4.0m of massive nickel-copper sulphide mineralisation at 94.5m depth.

The company declared that high-grade nickel mineralisation had been confirmed by pXRF and verified by Azure’s onsite geologist.

“This strongly mineralised nickel and copper sulphide intersection from our first drill hole is an outstanding result and a great start to our maiden drilling program at Andover,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Importantly, this mineralised intersection coincides with the interpreted position of the downhole EM (DHTEM) conductor, providing support that the conductors represent significant accumulations of sulphide mineralisation.

“The Andover project area does not appear to host sulphide-rich sediments, graphitic shales, conductive overburden or other characteristics that may generate false signatures for the EM surveys, and their absence is exciting given the size, depth and intensity of the conductors we have identified and are targeting.

“Due to excellent ground conditions and high drilling productivity, the second drill hole is already underway to test the down-dip extension of the ANDD0001 mineralisation.

“Drilling will continue through to the end of the year, with assay results for the first holes expected in late October to early November.

“Meanwhile the EM survey crew is mobilising to site and down hole surveying is expected to start in October.”

 

Web: www.azureminerals.com.au

 

Ardea Resources Achieves High Recoveries From Metallurgic Test Work

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) carried out its first metallurgical testwork on four metallurgical samples selected from the Big Four Gold resource, located on a granted mining lease within the company’s Goongarrie nickel cobalt project (GNCP), outside Kalgoorlie in Western Australia.

Ardea Resources explained the laboratory testwork, using industry standard (gravity-leach) procedures, achieved very high gold recoveries of nearly 98 per cent under conditions and reagent consumptions matching industry norms.

Although presently at a scoping study level, the company considers the results to be highly encouraging, suggesting they indicate the resource has potential to achieve reasonable prospects for eventual economic extraction of gold.

“Excellent results from the first ever metallurgical test work at the Big Four Gold project mark another significant step towards development of Ardea’s evolving gold assets,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“High recoveries and a lack of deleterious elements are exactly what any miner would want, and we have achieved that here at Big Four Gold.

“It also shows what can be achieved in WA during these difficult times, with Ardea’s drilling, resource modelling, and now metallurgical testing of the Big Four Gold project all being completed since commencement in February 2020.

“Work remains to be done at Big Four Gold, but these excellent results mean that, should the deposit be developed, several options will be available.

“This will be strongly influenced by our ongoing drill programs at several targets in the GNCP, including the Aphrodite North area and follow-up drilling at Lady Charlotte.

“Ardea’s gold programs aim to assess individual targets in their own right.

“They also mark the first pass systematic assessment of a modelled gold camp, potentially comparable to the Paddington mining centre to the south or the Menzies mining centre to the north, hidden beneath transported cover within Ardea’s expansive mining and exploration tenure.

“Of course, definition of the gold potential throughout the GNCP benefits efficient development of the extensive nickel and cobalt resources whilst maximising potential returns for all stakeholders.”

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Alicanto Minerals Identifies New Wolf Mountain Copper-Gold Anomalies

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed an IP survey that identified four new copper-gold anomalies near known mineralisation at the company’s Wolf Mountain prospect in Sweden.

Alicanto Minerals suggested the results highlight the potential of Wolf Mountain, which is one of several prospects within the Greater Falun project in Sweden, where drilling is underway.

The new IP anomalies are located between 500 metres and 1.8 kilometres from earlier drilling, targeting results of a previous IP survey that led to the discovery of distal copper-gold skarn with grades of up to 2.1 per cent copper, 69g/t Silver and 1.3 per cent zinc and grab samples at surface of 11.9 per cent copper and 2.9g/t gold hosted within a 100m strongly altered zone.

Apollo is of the opinion that these intersections may be the outer fringes of a large mineralised system with a higher-grade core.

A large airborne magnetic signature has also been spotted 2.5 kilometres south-south-west of the most southern of the four IP targets referred to above.

Alicanto geologists have interpreted this as a Causative Intrusion complete with copper-gold mineralisation as established in historical shallow drilling.

“These new anomalies are highly significant because not only are they strong signatures, but they are located right next to known copper-gold mineralisation,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“The IP anomalies and magnetic signatures uncovered at Wolf Mountain are intriguing because they suggest the system could be very large (at least 5km).

“The drilling campaign now underway will test the numerous copper-gold and polymetallic skarn targets we have identified at Greater Falun, including these new anomalies at Wolf Mountain.

“We have mapped more than 2,000 outcrops and historical surface workings dating back centuries.

“When we overlay this information onto the huge amount of historical and recent geophysical data from the last 50 years, an impressive picture of the Greater Falun project is forming that has not been seen before.

“We have also found grab samples within the Greater Falun project that represent each zonation of the copper-gold skarn model – we now need to further prove up the model with our exploration drilling and vector into the Proximal part of the copper-gold Skarns.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Apollo Consolidated Identifies Further Rebecca Mineralisation

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THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) has drilled indications of further gold mineralisation at the company’s 100 per cent-owned Lake Rebecca gold project near Kalgoorlie in Western Australia.

Apollo Consolidated reported that shallow infill and exploration drilling at the 775,000 ounce Rebecca deposit has delivered multiple gold hits below the current Mineral Resources.

Drilling returned intercepts, including:

RCLR0677
10 metres at 5 grams per tonne gold and 7m at 3.01g/t gold;

RCLR0669
25m at 1.30g/t gold and 3m at 5.30g/t gold;

RCLR0673
10m at 1.54g/t gold;

RCLR0671
8m at 1.97g/t gold; and

RCLR0674
10m at 1.34g/t gold.

All intersections sit below the base of the optimised pit shell Apollo used to constrain the Rebecca Mineral Resource estimate.

Apollo conducted additional RC exploration drilling out on three infill sections in what it described as a ‘saddle’ area that has seen limited drilling in the optimised pit shell.

This area sits just to the south of the high-grade Jennifer structure, which after the optimisation completed earlier this year, was identified as a priority target for additional drilling.

This drilling also returned encouraging results, most of which lie outside the resource model, and below pit design and upgrade previously modelled mineralisation in this area.

RC drilling was also carried out on infill and extensional positions at the new Cleo discovery, comprising twelve additional RC holes.

Exploration drilling is scheduled to continue to test under-explored structural targets lying between Cleo, Duchess and Rebecca, as well as key resource-definition positions at Duchess and Duke.

“Ongoing drilling continues to investigate under-drilled portions of the Lake Rebecca mineralised systems, with this set of results confirming coherent gold mineralisation below Mineral Resources in the area south of the high-grade Jennifer structure,” Apollo Consolidated said in its ASX announcement.

“The results have upgraded this part of the Rebecca deposit and when added to the data are likely to remove a ‘saddle’ seen in the February 2020 optimised pit shell.

“The company is continuing to test multiple target areas with drilling to upgrade and extend the current Mineral Resource estimate.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Venture Minerals Commences Riley Wet Screening Plant Construction

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is to advance the company’s Riley iron ore mine in Tasmania with the company’s Board giving the nod to proceed with construction of a Wet Screening Plant and associated site works.

The Wet Screening Plant construction is happening in conjunction with Venture evaluating the performance of the recently completed initial stage of mining and dry screening operations at the Riley mine.

Venture’s decision to commence Stage One of West Screening Plant construction ensures that progress towards wet Screening continues while finance is finalised for subsequent stages.

The company is currently working through several advanced financing proposals for completion of the Wet Screening Plant which will enable nameplate production at Riley.

“Venture’s Board has committed to stage one of the Wet Screening Plant construction as part of its continued ramp up towards full scale production,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The iron ore price remains strong, and the company remains focused on determining the best mining and Screening method at the Riley mine to reduce costs and environmental impact so that we can generate jobs, contracting opportunities and returns to our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au