Middle Island Resources Encounters New Gold at Shillington Deposit

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has continued its drilling success with further results from an ongoing Phase 2 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Islands Resources latest Phase 2 reverse circulation (RC) intercepts have come from the Shillington deposit, and include:

6 metres at 10.5 grams per tonne gold; and
8m at 9.12g/t gold

The recent drilling involved a program comprising 20 new holes, designed infill and upgrade two ‘panels’ of Inferred Mineral Resources within the optimum pit shell allowing them to be considered as Ore Reserves, and also confirm a shallow mineralised extension at the northern end of the deposit.

The Shillington deposit is situated 2.5 kilometres north of the company’s 100 per cent-owned 600,000 tonnes per annum gold processing plant.

The latest results also include a further 24 holes at the southern extension of the Twin Shafts deposit, located only 500m southwest of the mill.

This drilling also returned encouraging intercepts of:

4m at 8.12g/t gold;
4m at 3.12g/t gold; and
10m at 2.27g/t gold

Middle Island indicated the Twin Shafts results will be applied in resource estimation and pit optimisation studies to justify mining of the southern extension.

The company has a Phase 3 exploration drilling campaign, focussed on the McIntyre, Ridge and Shillington Gap areas at Sandstone, planned to commence late in October 2020.

 

 

Email: info@middleisland.com.au

 

Web: www.middleisland.com.au

 

Corazon Mining Confirms Mt Gilmore Porphyry Potential

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) declared recent exploration work at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales has confirmed confirmed the project’s porphyry potential.

Corazon Mining claimed identification of a copper-bearing diorite porphyry intrusion at the Gordonbrook Hill prospect, which has advanced the prospectivity of the Mt Gilmore project.

This intrusion is located coincidently on the margins of a high-grade copper and gold soil geochemical anomaly, and the surface projection of a concealed, high-value, Induced Polarisation (IP) geophysical anomaly.

“These coincident geochemical and geophysical anomalies at Gordonbrook Hill represent a significant mineralised porphyry target, which is now the priority target at Mt Gilmore,” Corazon Mining said in its ASX announcement.

“Detailed planning for drilling is underway, along with requisite New South Wales Government permitting and approvals for drilling.

“The porphyry intrusion outcropping at the Gordonbrook Hill is approximately 300 meters long, striking northeast-southwest and is semi-parallel with the strike of Gordonbrook Hill’s well-defined IP chargeability-high corridor.”

Corazon’s Mt Gilmore project is centred on an anomalous copper, gold, silver, cobalt and molybdenum trend, which is in excess of 20 kilometres in length.

The company has yet to determine the source of this metal anomalism, however the model being targeted is a copper-gold intrusive related system a style of mineralisation that is prevalent on the east coast of Australia.

 

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

 

Black Cat Syndicate Increases Gold Resource

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has increased the JORC Mineral Resource for the Fingals Fortune, Myhree, Boundary and Trump deposits in Western Australia.

The Fingals Fortune Resource has been increased using limited time and drilling (49 holes for 4,739m), by 53 per cent to 2.1 million tonnes at 2 grams per tonne gold for 135,000 ounces.

Of note: near-surface mineralisation along strike of the current Fingals Fortune pit, as well as down dip extensions to the existing Resource, made up most of the increase.

The Resource remains open at depth and along strike with strong potential for additional near-term growth.

The Myhree deposit is undergoing current mining studies, and has been upgraded through drilling with 94 per cent of potential open pit material and 58 per cent of total Resources now classified as Indicated.

Recent drilling at Trump has led to a 17 per cent increase in the Resource, which remains open in all directions.

Total Resource now stands at 11.8 million tonnes at 2.3g/t gold for 884,000 ounces, of which 46 per cent is in Indicated status.

Drilling is ongoing, focussed on both Resource growth and conversion.

“We have previously committed to update Resources on an ongoing basis,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“This Resource upgrade is all part of the drive to achieve our targets of one million ounces of Resources and a wholly owned milling facility with at least three years feed ahead of it.

“With our 60,000 metres drilling program only just started, we are confident in achieving these targets.

“In addition, the conversion of Resources to Indicated at Myhree will underpin the upcoming maiden Reserve.”

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Ausgold Expands Katanning Gold Project Resource Potential

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THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) reported results for recent reverse circulation (RC) drilling carried out at the Central Zone within the company’s 100 per cent-owned Katanning Gold Project in Western Australia.

Ausgold’s latest drilling campaign has extended the Jinkas South lode northward while demonstrating increasing width down dip from original high-grade intercepts.

Drilling at Jinkas South includes 11 holes targeting gold mineralisation north along strike from previously intercepted high-grade gold mineralisation.

Results include:

BSRC1002
19 metres at 2.92 grams per tonne gold from 121m, including 1mat 35.4g/t gold;

BSRC0993
29m at 1.84g/t gold from 104m including 18m at 2.72g/t gold;

BSRC1003
38m at 1.12g/t gold from 113m including 1m at 8.3g/t gold and 5m at 2.1g/t gold;

BSRC1007
7m at 4.09g/t gold from 111m including 1m at 24.9g/t gold;

BSRC0996
30m at 0.95g/t gold from 132m including 9m at 1.56g/t gold;

BSRC0994
19m at 1.02g/t gold from 114m including 5m at 2.65g/t gold;

BSRC0998
16m at 1.04g/t gold from 129m; and

BSRC0997
23m at 0.7g/t gold from 117m.

The new drilling at Jinkas South intersected a broad zone of gold mineralisation at a much higher grade than the overall Resource.

The drilling also extended high-grade gold mineralisation a further 100m north in BSRC0994, to a total strike length of over 700m north along strike.

“New drilling targeting the Jinkas South lode has further extended this zone of high-grade gold and is demonstrating increasing thickness of mineralisation along strike,” Ausgold managing director Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“This newly identified zone of higher grade gold mineralisation has potential to add significantly to the mineral Resource estimate planned for Q1 2021 and its geometry will further benefit the project economics.

“RC drilling at Jinkas South is continuing with results for 17 holes currently pending and drilling continues to extend this broad zone of gold mineralisation north and east of the current Resource.

“Recently completed geophysics programs, including detailed ground gravity surveys and downhole EM (DHEM) alongside RC drilling, continue to provide new targets for immediate drill testing within the Jinkas South and Jinkas North areas.

“Drilling is currently underway to further extend the Jinkas South lode which has been intersected over a 700 metres strike length, and drilling is also planned to test the Jinkas North areas.”

 

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Musgrave Minerals Hits New Gold Target

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) is in the midst of an aircore/reverse circulation (RC) drilling program on 100 Musgrave-owned ground at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals has received assay results for the first 49 drill holes from the current regional program that is testing for new Starlight analogue targets on trend with the new high-grade Starlight gold discovery at the Break of Day deposit.

Target 2, located 400m south of Starlight intersected high-grade gold near surface in two adjacent holes.

The mineralisation is blind from surface, hidden below two to three metres of transported hardpan clays and is open along strike and down dip.

A single aircore/RC traverse across Target 2 intersected:

20MUAC008
5 metres at 13.4 grams per tonne gold from 28m, including 2m at 30.9g/t gold from 28m; and

20MUAC009
8m at 8.4g/t gold from 41m, including 4m at 15.4g/t gold from 44m.

The company explained these two aircore drill holes were collared 20m apart and were extended into fresh rock with RC hammer.

Musgrave acknowledged additional follow-up drilling will be required to define the strike and depth extent of this new mineralised position.

Drilling at targets 1, 3, and 7 also returned anomalous gold results in the regolith (weathered zone) with further assessment required before follow-up drilling is scheduled.

“This is a great start to the regional program,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Any significant gold anomalism on these new targets is encouraging but to get these high-grades from this reconnaissance program is a very exciting result.

“We’re currently planning further follow-up drilling to commence in late October.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Bellevue Gold Hits New Gold Lode

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) declared discovery of a new shallow high-grade shoot at the company’s Bellevue gold project in Western Australia.

Bellevue Gold reported the new high-grade Armand lode was discovered at the Bellevue gold project from recent drilling that returned a host of high-grade results over a 450 metres strike that remains open to the north, down dip and down plunge.

The results include:

DRDD517
4.6 metres at 13.8 grams per tonne gold from 364.8m;

DRDD513
1.9m at 58g/t gold from 380.5m;

DRDD508
2.3m at 27g/t gold from 416.3m;

DRDD524
1.9m at 29.7g/t gold from 378.8m;

DRDD516
2.1m at 9.8g/t gold from 369.1m; and

DRDD506
1.5m at 14.6g/t gold from 352.2m.

Bellevue indicated it has defined the Armand lode as a previously undiscovered extension of the historic Bellevue lode.

Drilling will continue with the view to incorporate the new high-grade shoot into the next Resource update the company has planned for the current quarter.

“The drilling results on the new Armand lode are outstanding, with high-grade mineralisation intersected near existing development hosted within the Bellevue Shear,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“With the mineralisation already outlined over 450 metres and remaining open along strike and down dip, we are pressing ahead with drilling with a view to including Armand in our next resource upgrade.

“At the same time, we have hit high-grade gold in another new position with our recently granted EIS co-funded drilling in close proximity to the east of the Deacon lode.

“It is still early days in this area, but clearly, there is potential for a new lode to emerge here too.”

Parson’s confidence seems well pointed with recent drilling on the Deacon lode encountering mineralisation analogous to the Bellevue, Deacon and Viago lodes in two of three EIS co-funded holes recently drilled as extensions of existing drill holes, testing the potential for conjugate faulting repeats of the Bellevue Lode system to the east of Deacon lode.

Results include:

DRDD327 extension
1.2m at 9g/t gold from 1057m and 1.6m at 9.3g/t gold from 1096m downhole; and

DRDD309 extension
0.4m at 42.3 g/t gold from 646.7m downhole.

“We have earmarked $35 million for exploration spending on a full program of drilling and project development work over the next 15 months,” Parsons explained.

“This substantial investment is central to our dual-track strategy of driving growth in our inventory through aggressive exploration and resource drilling while also advancing the project towards development and cashflow.

“These parallel work streams will maximise our ability to continue creating value for shareholders in both the short and long term.”

 

 

Email: admin@bellevuegold.com.au

 

Web: www.bellevuegold.com.au

 

Encounter Resources Drilling at Aileron in Joint Venture with Newcrest

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced drilling at the company’s Aileron gold-copper project Joint Venture with Newcrest Mining (ASX: NCM), located in the West Arunta region of Western Australia.

The Aileron JV has had no previous mineral exploration carried out on the project, although gold/copper anomalism has been identified within the region.

The initial anomaly to be drilled tested has been modelled utilising close spaced aeromagnetic data, as a steeply dipping 500m by 200m magnetic body starting from around 50m below surface.

“Aileron is a large scale gold-copper opportunity in a new region,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The target is interpreted to be a discrete, pipe-like, magnetic body located on a major regional structure.

“The magnetic anomaly is modelled to be under shallow cover and in an area of no previous mineral exploration.

“Success in this initial program would focus attention on the underexplored West Arunta.

“The Joint Venture controls a dominant land position in the district with tenure covering over 70 strike kilometres of the belt.”

The Aileron drilling is co-funded through a WA Government drilling grant of up to $150,000 under the Exploration Incentive Scheme.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

 

Eagle Mountain Mining Funded for Oracle Ridge Drilling

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THE DRILL SERGEANT: Eagle Mountain Mining is set to extend the current surface diamond drilling program underway at the company’s high-grade Oracle Ridge copper mine project, located just north of Tucson, Arizona in the United States.

Eagle Mountain Mining is funding the extended program by way of a recent placement that received firm commitments to raise $1.5 million from Australian and European institutional investors.

“The diamond drilling program at Oracle Ridge is progressing well and we are keen to keep the Boart Longyear team onsite beyond this current drill program,” Eagle Mountain Mining managing director Charles Bass said in the company’s announcement to the Australian Securities Exchange.

“The Placement together with my decision to early exercise options will allow us to do just that.

“I am excited about not only the potential for increasing the existing mine resource base, but also adding further resources in the near-mine area.

“We look forward to updating the market as results from the drilling campaign are received.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.eaglemountain.com.au

 

Ardiden Prepares to Drill at South Limb

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THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has completed permitting requirements to enable exploration activities to advance the 100 per cent-owned South Limb gold prospect, within the company’s Pickle Lake gold project in Canada.

South Limb is one of 19 gold deposits and prospects Ardiden has identified to date at Pickle Lake with historical drill results from South Limb highlighting a number of areas with high-grade mineralisation and sulphides.

Ardiden is currently drilling at its advanced Kasagiminnis gold deposit, situated 20km south west of South Limb.

The company is systematically lining-up its 18 other gold prospects and deposits to ensure a steady pipeline of gold targets across its 664 square kilometres Pickle Lake project.

Ardiden plans to undertake an initial exploratory drill program at South Limb before the end of the calendar year.

Ardiden gained access to South Limb via an arrangement with the Mishkeegogamang First Nation.

The South Limb MoU is the company’s second such agreement in the Pickle Lake project area.

“This is further progression of our relationship with the Mishkeegogamang First Nation group based at New Osnaburgh,” Ardiden managing director and CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“I would like to thank the Mishkeegogamang leaders sincerely for placing further trust in our ability and desire to consider all stakeholder and traditional needs in this area.

“With drilling currently underway at Kasagiminnis, we hope to be drilling in a similarly responsible manner at the South Limb prospect in the very near future, and engaging Mishkeegogamang in employment and training opportunities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

Kairos Minerals Doubles Down on Pilbara Gold Drilling Program

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THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) announced an expansion to the ongoing drilling program at the company’s 100 per cent-owned Pilbara gold project in Western Australia.

Kairos Minerals indicated the drilling within the Croydon project area, would now include the Tierra prospect, with over 5,000 metres of drilling expected to be completed at both Tierra and the Fuego prospect.

To date, 20 RC drill holes have been completed at the Fuego prospect, with the drill rig set to shift Tierra for a further 1,500m of drilling.

Another program of RC drilling is expected to start in November at the Mt York project, with around 5,000m planned to be drilled across the project area targeting extensions of the existing deposits and potential new discoveries.

“Thanks to the recently completed $9 million capital raising, we are in a position where we can really make the best possible use of the remaining time between now and the onset of the northern field season,” Kairos Minerals executive chairman Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“With drilling now complete at Fuego, we have decided to expand the program at Croydon by drilling an initial 1,500 metres program using the same rig at the exciting Tierra prospect to test the gold targets we have defined previously, which have coincident geochemical and geophysical signatures.

“The RC rig will then move to Mt York to drill approximately 5,000 metres targeting extensions of the Mt York, Iron Stirrup and Old Faithful deposits.

“In total, this will increase the size of the RC program to around 10,000 metres.

“This excludes the previously foreshadowed air-core programs we are planning at the Kangan and Skywell Projects, commencing in the December quarter.

“The net result of all of this increased activity is that shareholders can look forward to strong and regular news-flow with drilling updates and assay results from now through until Christmas and into early next year.

“This is a really exciting time for Kairos as we move closer to our goal of hopefully uncovering a significant new Pilbara gold discovery while also expanding our resource position at Mt York.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.kairosminerals.com.au