Killi Resources to Commence Drilling at Kaa

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) has its drilling ducks arranged in preparation of a maiden drill campaign to be undertaken at the Kaa copper-gold target at the company’s 100 per cent-owned Mt Rawdon West project.

Killi Resources is drilling at Kaa to follow up previous assays from in-situ surface rock chip samples that returned high-grade gold and copper results, which the company interpreted to indicate the Kaa target to be a new unrecognised epithermal mineral system.

Results from ground geophysical survey demonstrated potential sulphides beneath the surface mineralisation providing drill targets for upcoming drill campaign.

The company has determined a 1.8km copper-gold trend from rock chips at the Kaa prospect.

Results of the rock chip program returned consistent anomalous gold, copper and silver results from outcrop, returning on average 5-6g/t gold, 1-2 per cent copper, and 100g/t silver.

A gossanous outcrop striking east-southeast and dipping shallowly to the south-west was sampled and returned a result the company released in July of:

MRRK074
238g/t gold, 2.1 per cent copper, 513g/t silver, 2.2 per cent lead, 0.3 per cent zinc.

This outcrop was subsequently interpreted as the main Kaa gold-copper trend exposed at surface.

“We are excited to have reached this point with the drill rig mobilising to the project,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This campaign will be the first holes ever at the target, and we look forward to reporting on the drilling starting next week.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Argent Minerals in Preparation for RC Drilling at Kempfield

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THE DRILL SERGEANT: Argent Minerals (ASX: ARD) is preparing a program of RC drilling to be carried out over the company’s 100 per cent-owned Kempfield copper-lead-zinc-gold-silver project in New South Wales.

Argent Minerals upgraded the Kempfield silver deposit Mineral Resource Estimate in July this year for all categories to 63.7 million tonnes at 69.75 grams per tonne silver equivalent for 142.8 million ounces silver equivalent, containing of 65.8 million ounces of silver, 125,192 ounces gold, 207,402 tonnes lead and 420,373 tonnes zinc.

The drilling program has been tasked with the following objectives:

• Confirm newly discovered Kempfield NW and Sugarloaf Hill prospects as potential VMS polymetallic style mineralisation proximal to the Kempfield deposit.

• Confirm Golden Wattle and Henry Zone prospects as potential orogenic gold style mineralisation.

• Delineate new mineralised extensions/zones outside the current resource area within the Kempfield project.

• Drill test numerous high-grade geochemical gold-silver-base metals zones over Kempfield NW, Sugarloaf Hill Zone, Henry’s and Golden Wattle zones delineated in the 2024 surface sampling programs.

• Delineation of mineralisation may result in an overall increase in tonnage and grade of the current Kempfield deposit.

“Argent is pleased to announce that we have received NSW Regulator & Crown Lands approval for an RC drilling campaign over Argent’s flagship project, Kempfield deposit in NSW,” Argent Minerals managing director Pedro Kastellorizos said in the company’s ASX announcement.

“Recent work in the project area has delineated significant walk up drill targets yet to be systematically drill tested.

“Based on structural, geological and the more recently completed geochemical programs, Argent has identified 13 untested zones which have excellent potential to host gold, silver and base metal mineralisation.

“We have advanced the company’s strategy by identifying priority target areas which have the potential for delineating undiscovered mineralisation.

“The Kempfield project remains on track for further resource expansion based on numerous drillholes which finished in mineralisation along with broad high-grade down plunging silver mineralisation previously outlined.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

True North Copper Updates Mt Oxide Vero Copper Silver Resource

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THE DRILL SERGEANT: True North Copper (ASX: TNC) has reported an update to the copper silver Mineral Resource at the 100 per cent-owned Vero deposit, part of the company’s Mt Oxide project in Queensland.

True North updated the JORC 2012-compliant copper-silver Mineral Resource Estimate (MRE) for the Vero deposit to be:

15.03 million tonnes at 1.46 per cent copper and 10.59 grams per tonne silver for a contained 220,000 tonnes copper and 5.13 million ounces of silver (Indicated and Inferred).

The company noted Vero’s updated Resource delivered a 20 per ent increase in silver ounces, demonstrating the potential for Vero to deliver a substantive sliver co-product in addition to copper.

“We are pleased to deliver an update to Vero’s contained resources, particularly an increase in silver, a metal which is currently seeing a supply-demand imbalance though demand in solar and other technology applications,” True North Copper CEO and MD Bevan Jones said in the company’s ASX announcement.

“This updated Resource also provides greater confidence in the deposit, following TNC’s first program of confirmatory drilling and a substantially updated geological model, which incorporates historic resource depletion by previous mining.

“We see exploration upside within reach of shallow drilling at Ivena, north of the Resource, and along a 10km section of the Dorman fault where we are actively exploring for satellite zones of mineralisation with the MIMDAS crew onsite completing the line at Camp Gossans.

“The survey team are now moving to the north to acquire the line over the Vero deposits with the aim to identify drill targets at depth below the current resource.

“We look forward to providing an update on our progress on these Mt Oxide exploration activities over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

TG Metals Encounters High-Grade Lithium at Jaegermeister

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THE DRILL SERGEANT: TG Metals (ASX:TG6) has again hit high-grades of lithium at the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

TG Metals’ latest lithium encounter is at the Jaegermeister prospect that sits near the company’s initial Burmeister discovery.

The company recently concluded a 19 hole Reverse Circulation (RC) drilling program at Jaegermeister, from which most assays have been received confirming multiple intersections of spodumene bearing pegmatites with high lithium oxide (Li2O) grades and widths up to 10 metres.

Highlighted results include:

10 metres at 1.19 per cent Li2O from 73m, including 2m at 2.07 per cent Li2O from 77m;

6m at 1.38 per cent Li2O from 76m, including 2m at 2 per cent Li2O from 76m; and

3m at 1.22 per cent Li2O from 49m and 3m at 1.24 per cent Li2O from 63m, including 1m at 2.68 per cent Li2O from 50m.

TG Metals believes Jaegermeister has the potential to be of similar size and scale to Burmeister.

The company compared the discovery drilling at Burmeister in 2023 that initially intersected up to 9m pegmatite widths to the first drilling at Jaegermeister producing 10m widths and +2% Li2O assay intervals declaring this to be an encouraging indication of a strong lithium pegmatite system.

“These are outstanding results for the initial drilling on Jaegermeister,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“It provides confidence that we have at least two areas of high-grade lithium mineralisation at Lake Johnston and further enhances the potential for a standalone spodumene lithium project for TG Metals.

“Multiple lithium pegmatites have been defined at Jaegermeister, at relatively shallow depths displaying size characteristics very similar to the nearby large Burmeister deposit.

“These pegmatites appear to be thickening towards the west, an area that will be a priority target for the next round of drilling at Lake Johnston.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Platina Resources Identifies Multiple Gold Targets

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THE DRILL SERGEANT: Platina Resources (ASX: PGM) has confirmed new gold targets at the company’s Beete gold project near Norseman in Western Australia.

Platina Resources conducted an aircore drilling program over 202 holes, which it said has confirmed the presence of a greenstone belt across the tenure, which was previously interpreted to be the Albany Frazer Orogeny.

The company flagged further investigation to be carried out along this belt, which it believes could host high-grade gold deposits like the Norseman mineralisation trend to the north.

Along with the greenstone identification and NE-SW potential 4km Beete Mine Trend, the drilling also indicated the presence of a major 16km long N-S shear zone.

This shear zone starts from the north of the tenure and traverses through the historical Beete Mine.

“The maiden wide-spaced scoping drill program achieved its objective to identify and focus on specific target areas,” Platina Resources managing director Corey Nolan said in the company’s ASX announcement.

“The drilling achieved an average depth of only 30 metres, hence infill drilling is required to achieve better resolution of these anomalous zones.

“The drilling was spaced 320m between holes and 640m between lines, this spacing in the anomalous zones can fit a Scotia mine.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

ABx Group Records Thick Dysprosium and Terbium REE Results at Deep Leads

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THE DRILL SERGEANT: ABx Group (ASX: ABX) has taken receipt of assays from 37 holes carried out at the company’s Deep Leads rare earth elements (REE) project near Launceston, Tasmania.

ABx Group explained this was the first drilling campaign into the untested NW Block of the project, producing several intercepts that were considerably thicker than usual and extend the company’s REE mineralisation across the plateau.

ABx’s stated REE strategy is to produce a mixed rare earth carbonate (MREC) that is enriched in dysprosium (Dy) and terbium (Tb), the two heavy rare earths with the highest global supply risk.

The Dy+Tb exceeds 4.3 per cent of Deep Leads’ total rare earth oxides (TREO), which is the highest proportion of Dy and Tb of any clay-hosted rare earth resource in Australia and high by world standards.

Thick zones of high-grade ionic adsorption clay rare earths with such a high proportion of Dy+Tb are extremely rare.

“Drill results in the NW Block expand the resource outline for the Deep Leads high-grade rare earth zone and also enhance the areal extent from hole DL520,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

Hole DL520 is the nearest hole in NW Block to these new holes that has been tested for extraction during desorption tests.

“DL520 is one of the nearest existing drill holes and is also where rare earth extractions of over 50 per cent were measured using low-acid (pH 4) conditions – confirmed in desorption tests by the Australian Nuclear Science and Technology Organisation (ANSTO) and in-house tests,” Cookesy said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Mt Malcolm Mines Achieves High-Grade Gold Recovery From Golden Crown

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THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) followed up its appearance at The Roadhouse Steak Sandwich Showdown in Kalgoorlie with an announcement of excellent gold recovery results.

Mt Malcolm Mines achieved the results via gravity separation of tailings samples taken from the company’s Golden Crown deposit outside Kalgoorlie in Western Australia.

The company said the results indicate high achievable recovery while contributing to the total recovery from the gold mineralisation at Golden Crown.

The recent processing study at Golden Crown yielded promising results on the back of high-grade intercepts earlier drilling that was reported in July.

The Accelerated Cyanide Leach Leachwell (ACL) testwork achieved an average gold recovery of 94.6 per cent gold from tailing samples.

This result is consistent with the earlier testwork results of 94.3 per cent gold average recovery the company released in May.

“The recent testwork on gold recovery from tailings has shown significant value, boosting confidence in the economic viability of processing high-grade material from the ongoing bulk sampling exercise,” Mt Malcolm Mines managing director Trevor Dixon said in the company’s ASX announcement.

“This detailed processing approach aims to maximize gold recovery and thoroughly evaluate the prospect’s potential for small-scale mining operations and commercial gold extraction.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Warriedar Resources Drills Further Ricciardo Gold Mineralisation

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) will have plenty to report at the Roadhouse Steak Sandwich Showdown in Kalgoorlie next week, on the back of recent drilling at the company’s Golden Range project in Western Australia.

Warriedar Resources reported on two recently completed diamond holes, following up previously released results for program’s first twelve diamond holes.

The latest assay results come from continued drilling of the Ricciardo deposit, which the company declared to confirm a 77-metres wide (not true width) mineralisation zone 180m down-dip of the current Resource beneath the Ardmore pit.

Gold intercepts included:

7.2 metres at 4.51 grams per tonne gold from 232.8m, including 3m at 9.03g/t gold from 234m;
23.2m at 1.6g/t gold from 270.8m;
10.5m at 1.53g/t gold from 218.8m; and
3.9m at 3.35g/t gold from 218.8m.

Warriedar said the results for these two holes demonstrated wide infill of the broader Ricciardo deposit at depth, further validating Mineral Resource Estimate (MRE) growth potential exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

“The outcomes of these two diamond tails are significant, given that they represented substantial depth step-outs under the shallow Ardmore pit,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“A 77m wide mineralised zone (downhole) with a central high-grade shoot (4.51g/t), 180m below the MRE is a great result.

“We don’t fully understand the structural geometry here yet, but we are delighted that the deeper part of hole 49 validates the drill results from a previous explorer – confirming the deposit extends to about 460m vertical depth and retains some good grade (3.19g/t).

“Excellent progress.

“We continue to drill ahead at Ricciardo as part of the current diamond program, with follow-up growth drilling activities in planning for the remainder of H2 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Targeting High-Grade TREO Zones at Jupiter

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is back out drilling at the company’s Jupiter rare earth discovery in Western Australia.

Venture Minerals is conducting the drilling program targeting high-grade mineralisation at Jupiter.

The new program follows recent modelling completed by Venture of zones of high-grade mineralisation in both the northern and central zones of the large-scale system.

The priority drill program will focus on further defining these zones within Jupiter’s northern margin zone where recent results show intersections in the 5,000 – 10,000ppm total rare earth oxide (TREO) range.

In addition to the drill program the company is continuing to work towards its maiden resource estimate and finalising its comprehensive metallurgical program.

“Following a plethora of impressive drill results throughout the entire 40 square kilometres Jupiter project, we are excited to focus our attention on further defining the substantial high-grade zones identified within the system,” Venture Minerals managing director Philippa Leggat said in the company’s ASX announcement.

“The completed resource drilling has provided us with valuable data for our maiden resource estimate and highlighted sizeable zones of high-grade mineralisation.

“Our new drilling program will be focussed on these priority targets as well as testing some of the regional targets in the broader Brothers project surrounding Jupiter.

“I look forward to sharing results with shareholders as we drill test these interesting targets over the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Global Lithium Resources Drills Manna Lithium Deposit Extension

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) timed the release of new drilling results nicely with the annual Diggers and Dealers Conference a weekend away.

Global Lithium Resources announced results from recently completed exploration drilling undertaken at the company’s 100 per cent-owned Manna lithium project on the outskirts of Kalgoorlie in Western Australia.

The assay results came from some 6,261 metres of RC drilling, which the company declared to confirm an undercover Southwest extension to the Manna lithium deposit over a 600m strike length.

Drill results within this extension include:

MRC0468
13 metres at 0.96 per cent lithium oxide (Li2O) from 187m;

MRC0481
8m at 0.81 per cent Li2O from 86m; and

MRC0467
7m at 1.03 per cent Li2O from 78m.

Global Lithium acknowledged the grades achieved were lower compared to earlier results from the Manna Central area, but explained the CY24 drilling has highlighted potential to build on the current Mineral Resource Estimate (MRE) of 51.6 million tonnes at 1 per cent Li2O at Manna and delineate further open pit mineable mineral inventory.

“The 2024 exploration drill program at Manna has confirmed a new zone of spodumene hosting pegmatites and increased the team’s geological understanding of the project area,” Global Lithium Resources general manager – geology Logan Barber said in the company’s ASX announcement.

“The extension expands the footprint of the mineralised pegmatites at Manna and highlights the discovery upside that still exists following more than 100,000m of drilling completed to date.

“The results of this program have added further momentum for GL1’s exploration team following the recent increase of the Manna MRE.

“We look forward to further analysing the results and providing an update on planning regarding our next drill program at Manna.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE