Musgrave Minerals’ Gold Hits Continue to Shine at Starlight

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THE DRILL SERGEANT: The needle-of-truth has continued to deliver for Musgrave Minerals (ASX: MGV) with drilling at the company’s 100 per cent-owned Cue project confirming its Starlight and White Light gold discoveries.

Musgrave Minerals reported assay results for a further five reverse circulation (RC) drill holes and the first five diamond drill holes from the current program at the new Starlight gold discovery at Break of Day.

RC drilling at Starlight delivered strong gold intercepts including:

20MORC068
14 metres at 191.1 grams per tonne gold from 4m, including 3m at 884.7g/t gold from 5m, including 1m at 2,518.8g/t gold from 6m;

20MORC067
22m at 5.8g/t gold from 15m, including 3m at 26.2g/t gold from 31m;

20MORC064
5m at 14.3g/t gold from 90m; and

20MORC063
6m at 5.3g/t gold from 232m.

Diamond drilling at Starlight returned intercepts including:

20MODD008
16m at 13.7g/t gold from 18m, including 4m at 40.8g/t gold from 18m and 9m at 6.1 g/t gold from 25m; and

20MODD007
0.5m at 25.4g/t gold from 269.5m.

Musgrave is continuing with drilling at Starlight, focussing on infilling and also extending the high-grade gold mineralisation at depth.

Drilling will also continue to test for new lodes within the Break of Day/Lena mineralised corridor with a third drill rig due to commence on the 100 per cent-owned Musgrave ground in mid-August.

Recent drilling undertaken at these locations returned:

20MODD007 (White Light lode)
3.8m at 40.5g/t gold from 100.2m, including 0.75m at 203.3g/t gold from 100.2m;

20MODD007 (Twilight lode)
0.7m at 34.1g/t gold from 65.1m; and

20MORC063 (Velvet lode)
12m at 6.4g/t gold from 40m.

“Starlight continues to produce stunning gold results in near-surface drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Further RC drilling is underway to infill and extend the Starlight mineralisation with the aim of completing a JORC resource update late in Q3 2020.

“Diamond drilling is also continuing to test for depth extensions of the high-grade Starlight lode below 250 vertical metres and to further define the White Light lode.

“We anticipate having four drill rigs on site by mid-August.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Legend Mining Releases Further Mawson Drilling Results

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) announced further assay results from aircore drilling carried out at the Mawson target at the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining received results from an additional 37 holes, six of which returned broad intervals with anomalous nickel and copper values associated with mafic/ultramafic intrusives.

New assay results from infill aircore drilling within the eastern geochemical nickel-copper footprint, east and northeast of the Mawson massive sulphide discovery include:

RKAC841
38 metres at 0.2 per cent nickel, 0.05 per cent copper, 0.03 per cent cobalt from 72m to EOH; and

RKAC842
43m at 0.12 per cent nickel, 0.02 per cent copper, 0.02 per cent cobalt from 64m to EOH.

“These results are from the ongoing infill aircore program at Mawson and have extended and strengthened the eastern geochemical footprint,” Legend Mining managing director Mark Wilson said in the company’s announcement to the Australian Securities Exchange.

“This footprint is a compelling target for RC/Diamond drilling which is already underway.”

 

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Blackstone Minerals Hits 200m High-grade nickel-copper-PGE Zone

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has continued to encounter massive sulphide in its maiden drilling program underway at the Ban Chang target, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Blackstone Mineral’s drill hole BC20-02 at Ban Chang hit a 200 metres long zone of high-grade nickel-copper-PGE with the following high-grade results:

BC20-02

4.1 metres at 0.92 per cent nickel, 0.69 per cent copper, 0.05 per cent cobalt and 0.26 grams per tonne PGE from 85.9m:

Or

2.3m at 1.6 per cent nickel, 1.09 per cent copper, 0.09 per cent cobalt and 0.43g/t PGE from 85.9m, including 1.8m at 2.01 per cent nickel, 1.27 per cent copper, 0.12 per cent cobalt and 0.53g/t PGE from 86.4m.

All four holes Blackstone has drilled to date at Ban Chang have intersected massive sulphide nickel over a 1.2km strike within a 1.2km long massive sulphide target zone defined by high priority electromagnetic (EM) plates.

Assays are pending for drill hole BC20-04, which intersected 15.4m of sulphide vein mineralisation.

“Our latest assays confirm further high-grade mineralisation at Ban Chang,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We continue to demonstrate strong potential for a bulk underground mining scenario at Ban Chang which could be significantly larger scale than the previously mined Ban Phuc massive sulphide underground mine.

“At Ban Phuc, the previous owners successfully mined a 1.3 metre wide MSV at much lower nickel prices than today.

“We are seeing broader widths and significant by-products which could lend to potentially better economics than when this mine previously operated.

“We have now drilled significant massive sulphide nickel mineralisation over 1.2 kilometres of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation at the new target, Ta Cuong.

“Ban Chang and Ta Cuong are the first of our 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and the King Cobra Discovery zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Cassini Resources Getting Better Acquainted with Yarawindah Project

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) declared its standalone explorer status by updating the market on recent exploration activities at the company’s Yarawindah Brook project in Western Australia.

Since recently announcing an impending de-coupling with Joint Venture partner OZ Minerals, Cassini is keen to show off the potential of Yarawindah Brook, which is considered prospective for nickel, copper, cobalt and platinum group elements (primarily palladium and platinum).

The project sits in an emerging new nickel-copper-cobalt-PGE province that has been validated by Chalice Gold Mines recent high-grade discovery at the Julimar project, approximately 40km south of Yarawindah Brook.

Cassini has completed two diamond drill holes at the project’s Ovis prospect, one of which, drill hole YAD0010, intersected multiple narrow, massive to semi-massive sulphide zones, returning peak grades of 1.96 per cent nickel and up to 1.81 grams per tonne combined PGE within a 35m-wide disseminated sulphide zone.

Drill hole YAD0011 also returned several narrow mineralised intervals, including 2m at 0.69 per cent nickel and 0.51 per cent copper within a broader sulphide-rich zone, demonstrating down-plunge continuity of the Ovis prospect.

“We’re pleased with the results from our first two drill programs at Yarawindah and we’ve made significant progress in understanding the potential of the region,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“Recent analysis of geophysical data suggests the host intrusion is far larger than originally interpreted and barely explored.

“The recent drill results have shown that we’re in a fertile magmatic nickel-copper environment, and that we’ve barely begun to unlock the potential of our tenement package.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cassiniresources.com.au

 

Web: www.cassiniresources.com.au

 

De Grey Mining Achieves High-Grade Gold Recoveries at Hemi

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported results from initial metallurgical testwork from the company’s Hemi gold deposit, located south of Port Hedland in Western Australia.

De Grey Mining undertook initial metallurgical testwork on mineralisation from the Brolga Zone, which achieved excellent gold recoveries of:

Oxide: 93 per cent based on CIL leach; and
Fresh: 96.3 per cent based on sulphide flotation, oxidation and CIL leach.

The company explained the testwork flowsheet comprised a conventional carbon in leach (CIL) circuit to treat oxide mineralisation.

“The gold recovery achieved in the initial metallurgical testwork of oxide, transition and fresh mineralisation at Brolga is very encouraging,” De Grey Mining managing director Glenn Jardine said in the company’s announcement to the Australian Securities Exchange.

“The testwork significantly de-risks the potential development of Hemi as a Tier 1 gold project in a Tier 1 jurisdiction.

“The testwork flowsheet used for Hemi can also be applied to De Grey’s other regional resources in the Mallina Basin.

“Hemi is a growing resource and contains a combination of oxide, transitional and fresh sulphide mineralisation.

“We will continue to increase our understanding of the scale and metallurgical properties of each of these domains across the deposit with ongoing testwork.

“Hemi’s excellent location, along a major transport, gas and power corridors, all within 60 kilometres of Port Hedland, is a major advantage for a Tier 1 gold resource and development project.”

The flotation circuit generated a gold-rich sulphide concentrate that was oxidised using pressure oxidation (POX) that represented approximately 10 per cent of the ore feed to the flotation circuit.

Oxidised flotation concentrate from the POX circuit was treated by CIL to recover gold.

The company indicated it would assess other methods of oxidation during ongoing test work.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Black Cat Syndicate Gains Myhree Stage 1 Pit Approval

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported on recent activities at the company’s Bulong gold project in Western Australia.

Recent RC drilling undertaken at the Myhree prospect returned numerous zones of shallow, thick, high-grade mineralisation.

Holes were drilled to infill shallow parts of the Resource ahead of potential open pit mining operations.

Results include:

20MYRC043
8 metres at 26.43 grams per tonne gold from 55m

20MYRC030
10m at 5.6g/t gold from 10m

20MYRC032
6m at 7.69g/t gold from 27m

20MYRC042
10m at 4.12g/t gold from 28m

20MYRC040
5m at 8.19g/t gold from 5m

20MYRC044
6m at 6.6g/t gold from 24m

Black Cat has now received all approvals for the Myhree Stage 1 Open Pit, meaning the company now has full approval to commence the first stage of open pit mining at Bulong.

Details on potential mining at Myhree will be incorporated in the Myhree Feasibility Study, due in the September 2020 quarter.

“The continued shallow, high-grade results bode well for early cashflow from potential mining operations at Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“These results infill the existing Resource and are among the best widths and grades to date.

“This is testament to the robust nature of the Myhree deposit.

“In addition, an important step in our objective to develop Bulong has been achieved with the full approval of the Stage 1 Open Pit at Myhree.

“We also saw some encouragement from an east-west structure at Myhree and 600 metres north of Trump north that requires follow up.

“RC drilling to further test and extend these areas will recommence during August 2020.

“In the meantime, diamond drilling of the deeper Mhyree mineralisation, is currently underway.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Ausgold Extends Jinkas South Lode Mineralisation

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THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) released results from the first six holes it has completed of a 21 hole program of reverse circulation (RC) drilling at the Central Zone within the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Ausgold has utilised down hole electromagnetic (DHEM) and Moving Loop EM (MLEM) to target drilling locations along strike from areas of high-grade gold mineralisation previously intercepted at the project’s Jinkas South and Jinkas areas.

The latest results include:

BSRC0964
5 metres at 13.67 grams per tonne gold from 120m, including 1m at 65.8g/t gold

BSRC0963
39m at 1.32g/t gold from 96m, including 8m at 4.1g/t gold and 1m at 22.2g/t gold

BSRC0965
9m at 2.34g/t gold from 89m, including 5m at 3.95g/t gold
16m at 1.19g/t gold from 126m, including 2m at 4.31g/t gold

BSRC0966
6m at 2.81g/t gold from 78m
5mat 2.93g/t gold from 88m, including 1m at 8.75g/t gold

BSRC0961
1m at 16.8g/t gold from 141m

BSRC0962
6m at 1.41g/t gold from 79m

Ausgold indicated the new drill results have extended the zone of high-grade gold mineralisation to a total strike length of 580 metres north along strike from mineralisation intersected in previous drill programs.

The company said the results validate both the geological model it is using to predict the location of high-grade gold mineralisation and the effectiveness of the geophysics used to directly target this mineralisation.

The results also demonstrate potential for the Jinkas South lode to add substantial high-grade ounces to the existing 1.2 million ounce gold Resource at Katanning.

“We are pleased with the high-grade gold mineralisation intersected within the initial RC drilling results which significantly extend the Jinkas South lode to a strike length of over 580 metres,” Ausgold managing director Matthew Greentree said in the company’s announcement t the Australian Securities Exchange.

“The new drilling has validated the geological model and the initial DHEM targets, providing clear confirmation that the high-grade Jinkas South lode extends over a significant strike length and remains open along strike.

“This zone remains open with drilling underway to test three additional DHEM targets north of the currently identified Jinkas South mineralisation.

“The high-grade Jinkas South gold mineralisation has been now shown to extend north along strike and will add to the current 1.2 million ounce gold Resource at Katanning.

“The new drilling shows high-grade gold mineralisation extends well beyond that estimated in the current resource model.

“This will further expand the open pit Resource and further improve the project economics.

“Further drilling is planned to target high-grade mineralisation down dip and north along strike where it remains open, Ausgold is extending the coverage of DHEM to target this mineralisation.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Bellevue Gold Declares Maiden Gold Resource

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) announced a maiden Indicated Resource for the company’s Bellevue gold project in West Australia.

The total Resources of 2.3 million ounces of gold at 10 grams per tonne gold includes Indicated and Inferred components of:

Indicated
860,000 ounces at 11.6g/t gold; and

Inferred
1.4 million ounces at 9.2g/t gold.

Bellevue Gold has completed a total of 240,000 metres of diamond drilling at the project, infilling selected areas of the previous 80m x 80m drill grid on which the Inferred Resources were based.

Included in the Indicated Resource is a higher-grade core of mineralisation including 480,000 ounces at 15.5g/t gold, hosted in the project’s Viago and Deacon Main Resource areas.

This mineralisation is within a few hundred metres of existing development and contains consistent high-grade high sulphide mineralisation that will be targeted in the early mine life at the project.

Infill drilling is ongoing, with an increase to the Indicated Resource expected in the December quarter, which is intended to convert more of the substantial Inferred Resource adjacent to high-grade core as a priority.

Drilling will also target extensions to current Resources and the recent Government Well discovery which is located seven kilometres from the existing Resource as well as other identified Bellevue analogue outcropping targets to the north.

“This Indicated Resource and the increases to come will underpin the economic studies on the project, which are now well underway,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Completion of these studies will mark the transition to the project development phase, which we believe will demonstrate the technical and economic strengths which come from having a large, high-grade project with simple metallurgy and access to existing infrastructure in a Tier-1 location.

“There is also huge potential to continue growing the overall inventory at Bellevue, where the mineralisation remains open in multiple directions and we have numerous well-established targets, some with known mineralisation.

“We are confident that the combination of economic and technical studies and Resource growth will drive further increases in shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bellevuegold.com.au

 

Web: www.bellevuegold.com.au

 

Auteco Minerals Raises $30M For Pickle Crow Exploration

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) has raised approximately $30.4 million via the issue of approximately 225 million new fully paid ordinary shares in the company.

Auteco Minerals announced the funds would be funding ongoing exploration activities at the company’s Pickle Crow gold project, which recently received a maiden JORC 2012-compliant inferred resource of 830,000 ounces at 11.6 grams per tonne gold.

Auteco recently commenced drilling at Pickle Crow, with nine holes already drilled and assays pending analysis.

The placement will enable Auteco drill resource growth with a second diamond drill rig scheduled to arrive in July 2020 to test multiple walk-up targets.

Numerous high-grade targets have been identified for drilling, and Auteco is working towards a resource update that it intends to announce this calendar year.

“The significant support that we have received from the two offshore global resource specialist funds, along with support from our existing shareholders is extremely pleasing, and a significant endorsement of the progress that has been made at Pickle Crow and the enormous opportunity in the project,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s announcement to the Australian Securities Exchange.

“Following our maiden Inferred Resource at Pickle Crow, we are very excited to accelerate our exploration program.

“We have identified numerous high-grade gold targets to test, and expect that we will be able to provide a resource update later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

Black Cat Syndicate Encounters High-Grade Diamond Drilling Intersections at Myhree

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) followed up its Fingals and Rowe’s Find acquisition by releasing drilling results from the company’s Bulong gold project near Kalgoorlie in Western Australia.

Black Cat Syndicate recently completed recent diamond drilling at the project’s Myhree deposit that intersected numerous zones of high-grade mineralisation.

Six holes were drilled into the lower parts of the Myhree system to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work.

Assay results include:

20MYDD002
6.45m at 9.43 grams per tonne gold from 228.51m

20MYDD003
1.99m at 8.3g/t gold from 242.43m
7.3m at 3.3g/t gold from 265.46m

20MYDD007
0.85m at 13.55g/t gold from 129.48m
3.05m at 5.72g/t gold from 134.11m
1.97m at 11.68g/t gold from 155.06m

20MYDD008
2.47m at 13.62g/t gold from 84.38m
2.14m at 21.03g/t gold from 95.06m
0.94m at 22.35g/t gold from 99.34m

20MYDD0010
2.38m at 4.55g/t gold from 144.10m
1.77m at 4.61g/t gold from 151.02m
4.66m at 6.58g/t gold from 191.69m

Black Cat declared the results from these holes demonstrate high-grades continue in predictable positions with all holes hitting multiple mineralised zones as anticipated.

The company has additional diamond holes underway to test deeper in the mineralised system.

“Myhree continues to deliver strong results, with high-grade intersections consistent with previous drilling as per our expectations,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The geotechnical results and positive gold assays will be fed into the Myhree mining study.

“The recent RC drilling at Bulong has also now been completed and assays are expected in mid-July 2020.

“Additional diamond holes are currently being drilled at Myhree with results due in late August 2020.

“RC drill planning on priority targets at Fingals is now underway and will be announced in July 2020.”

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au