Blackstone Minerals Extends Ban Chang Prospect

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has extended the strike of the Ban Chang prospect at the company’s Ta Khoa Nickel-Cu-PGE project in Vietnam.

Blackstone Minerals announced it has extended Ban Chang by more than one kilometre by way of step out reconnaissance style drilling intersecting high-grade mineralisation.

Drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulphide target zone defined by high-priority EM plates.

Drillhole BC20-03 followed up on previously encountered mineralisation, returning:

BC20-03
9.8 metres at 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt 0.7g/t PGE from 57.05m; and
5.7m at 2.07 per cent nickel, 1.08 per cent copper, 0.12 per cent cobalt and 0.95g/t PGE from 60m, including 1.85 at 3.59 per cent nickel, 1.18 per cent copper, 0.2 per cent cobalt and 1.97g/t PGE from 63.35m.

“Our latest assays confirmed a new zone of high-grade mineralisation which was previously untested,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We have demonstrated 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 narrow massive sulphide vein at much lower nickel prices than today.

“With bulk underground mining and the potential for significant PGE credits, we could be looking at a very economic mining scenario at Ban Chang.

“We have now drilled significant massive sulphide nickel mineralisation over one kilometre of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulphide mineralisation.

“Ban Chang is the first of 25 MSV targets to be tested throughout the Ta Khoa nickel-copper-PGE district, leaving plenty of upside for adding high-grade feed to a bulk open pit mining scenario at Ban Phuc.”

 

 

TO READ THE FULL ANNOUNCEMENT:   CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Breaker Resources Drills Discovery Potential Outside Bombora Resource

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported drilling results it claims to continue to highlight the growth potential at the company’s Lake Roe gold project east of Kalgoorlie in Western Australia.

Breaker Resources said the latest results it has achieved increase the potential in two large areas – the Carbineer and Kopai-Crescent prospects – located to the east and to the north of the one-million-ounce Bombora gold deposit.

The results from Carbineer come from three RC drill holes, which form part of a 14-hole program designed to assess the gold potential in a three kilometres-long corridor between the Claypan Shear Zone and the Swan Lake Syenite to the east of the Bombora deposit.

All three drill holes intersected gold mineralisation with assay results pending for a further 11 drill holes.

Preliminary results include:

BBRC1514
4 metres at 21.79 grams per tonne gold from 172m; and

BBRC1515
2m at 4.83g/t gold from 120m.

The results from Kopai-Crescent relate to a program of 28 RC drill holes targeting a potential link between the Kopai and Crescent prospects 3km north of Bombora.

Preliminary results include:

BBRC1508
4m at 2.34g/t gold from 61m; and

BBRC1505
4m at 1.94g/t gold from 32m.

Results are pending for a further seven RC drill holes and two diamond drill holes.

The results follow drilling below the Bombora deposit which recently extended the strike length of known high-grade gold lodes below the open pit Resource by 600m to 2,000m.

“These two emerging discoveries have the potential to materially expand our shallow gold inventory and complement our success extending the Bombora gold deposit at depth,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“We are still gauging the extent of the mineralisation footprint in each area on very wide reconnaissance drill hole spacings.

“So to hit high-grade gold at the Carbineer prospect on the first two single-hole sections, 100 metres apart, is both exciting and unusual.

“Further drilling is planned to restart in two weeks.

“In the Kopai-Crescent area we are seeing significant gold up to two yo four grams per tonne over a very large area.

“I think that the high-grade intersections will come once we finish scoping the areal extent of the mineralisation and then zero in on the structures controlling the gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: breaker@breakerreources.com.au

 

Web: www.breakerresources.com.au

 

Rox Resources Achieves High Gold Recoveries at Youanmi

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) completed preliminary metallurgical test work at the company’s Youanmi gold project Joint Venture with Venus Metals (ASX: VMC).

Rox Resources reported the testwork delivered high gold recoveries from the Youanmi gold project.

Because the Youanmi project is host to several styles of mineralisation and to ensure adequate representation from the different mineralisation styles, the JV collected 81 samples for metallurgical test work from 32 RC holes previously reported by Rox across the project area.

Intervals to be tested were selected to cover a range of gold grades, mineralisation styles and degree of weathering/oxidation and were then analysed by the LeachWELL Accelerated Cyanide Leach technique to determine the cyanide extractable gold via this industry-standard method and provide an indication of the potential recoveries in standard gold processing circuits (i.e. CIL).

The JV determined the results from the oxide, transitional and fresh zones at Grace to be encouraging with gold recoveries averaging 97 per cent, 94 per cent and 95 per cent respectively.

Rox considers these results indicate that gold mineralisation encountered in recent drilling at the Youanmi project in general, and especially at Grace, is amenable to conventional cyanide extraction methods.

“We are very pleased with these results, which are in line with our expectations,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“The main lode ore body at Youanmi that was mined historically was renowned as being refractory at depth.

“This first-pass metallurgical test work demonstrates that different primary mineralisation styles within the Youanmi project area such as the granite-hosted gold at Grace are clearly non-refractory, delivering excellent recoveries with conventional methods.”

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

 

Musgrave Minerals Claims New Gold Discovery at Cue

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) delivered a new gold discovery from results from drilling carried out at the company’s Cue gold project in Western Australia.

Musgrave Minerals reported assay results for a further twelve reverse circulation (RC) drill holes from the current program at the company’s new Starlight gold discovery at Break of Day.

Drilling has continued to confirm the Starlight discovery and has also identified a second high-grade lode 75 metres to the south and striking parallel to Starlight.

Assays received from recent RC drilling at Starlight include:

20MORC040
6 metres at 35.8 grams per tonne gold from 131m; and

20MORC048
5m at 7.2g/t gold from 230m.

The new lode; White Light, has been confirmed from RC drilling with new intercepts aligning with a number of historical isolated gold intersections over a strike extent of more than 100m.

RC drill intercepts from the new White Light lode include:

20MORC050
6m at 54.4g/t gold from 211m;

20MORC048
6m at 5.4g/t gold from 111m; and

20MORC004
9m at 5.1g/t gold from 21m.

Both lodes remain open to the south-east and down dip where drilling is continuing.

All recent intercepts at Starlight and White Light are outside the existing Break of Day resource.

The Starlight and White Light lodes at Break of Day are located on the company’s 100 per cent-owned ground.

Drilling at both lodes is continuing, with a focus on infilling and extending the high-grade gold mineralisation.

Drilling will also continue to test for new lodes within the Break of Day and Lena system.

“This is another positive result for the company as we build the high-grade gold resource base at Cue,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Drilling is continuing and we are confident we can extend the lodes and make new discoveries as our geological knowledge of the system grows.

“We have extended our RC drill program following the new White Light discovery as we build towards a resource update late in Q3 2020.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Centaurus Metals Declares Maiden Resources at Jaguar

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) released a maiden JORC 2012 Indicated and Inferred Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Jaguar nickel sulphide project in the Carajás Mineral Province of northern Brazil.

Centaurus Metals declared the 48 million tonnes at 1.08 per cent nickel for 517,500 tonnes of contained nickel MRE to be an important step towards becoming a globally competitive nickel sulphide producing company.

The maiden MRE includes a large higher-grade component of 20.6 million tonnes grading 1.56 per cent nickel for 321,400 tonnes of contained nickel, forming the cornerstone of the company’s strategy to establish a high-grade, high-margin nickel sulphide project.

“This is a phenomenal starting point confirming Jaguar’s status as a new globally-significant nickel sulphide project,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.

“With a maiden Resource containing more than 500,000 tonnes of nickel, this is already one of the largest near-surface undeveloped nickel sulphide projects in the world and, as a maiden JORC Resource number, we believe it is up there with some of the best initial JORC Resources ever published by an ASX-listed junior.

“Significantly, the Resource also includes a high-grade core grading 1.56 per cent nickel that contains more than 320,000 tonnes of nickel metal, providing an outstanding platform from which to commence scoping and development studies.

“Importantly, around 80 per cent of the nickel tonnes are less than 200 metres from surface, with strong potential to further expand the high-grade Resource through systematic extensional and step-out drilling of the known Jaguar and Onça Preta deposits, all of which remain open at depth.

“Our deepest hole to date extends to a depth of just 300 metres, which in a nickel sulphide context means we’ve only just scratched the surface.

“We also see significant regional potential, with additional drilling planned at the emerging Onça Rosa discovery and across numerous untested adjacent prospects.

“This highlights the potential to add more tonnes and grade to what is an already globally-significant nickel Resource.

“Our drill planning is being driven by DHEM and FLEM surveys, which have been extremely successful so far in targeting the semi-massive and massive sulphide zones.

“In-fill drilling is already in progress with a view to further lifting the proportion of higher-confidence Indicated Resources in the MRE.

“We will also now begin to step-out quite aggressively and test new areas to see how quickly we can add tonnes and potentially make new discoveries both along strike and at depth.

“This multipronged approach should ensure that we can continue to grow the resource as we advance this exceptional project towards development.

“We also expect to complete a Scoping Study and deliver a further Resource upgrade this year, providing shareholders with strong news flow over the coming months.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: office@centaurus.com.au

Web: www.centaurus.com.au

 

Auteco Minerals Releases Maiden Pickle Crow Resource

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THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) announced a maiden JORC 2012-compliant Inferred Resource for the company’s Pickle Crow gold project in Ontario, Canada.

Auteco Minerals declared the independently determined 830,000 ounces at 11.6 grams per tonne gold Resource estimate stems from a review of existing data at Pickle Crow, including previous non-JORC compliant resources.

“This maiden JORC Resource, which has been independently calculated, confirms Pickle Crow is a significant, high-grade deposit with immense growth potential,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s announcement to the Australian Securities Exchange.

“The Resource validates the geological model of our technical team, which in turn supports their view about the scope for further resource growth.

“We are now undertaking the first systematic exploration program at Pickle Crow for 50 years.

“Our confidence in the project has been strengthened by the visual results from the first few drill holes and as a result, we have added a second drill rig and increased the program from 5,000 metres to at least 10,000 metres.”

Auteco considers there to be a reasonable prospect of Pickle Crow eventually being mined, citing the depth, width and grade of the deposit and the proximity of the high-grade resources to existing underground infrastructure and surface infrastructure, including highways and commercial hydro power lines.

“This is just the beginning of work at Pickle Crow,” Shorrocks continued.

“Our active exploration has three goals, firstly near-term resources growth focused on adding geological confidence to already identified areas of mineralisation that can be brought into the resource inventory.

“Secondly, extensions to the current known resources which remain open in both along strike and down dip.

“Finally, new discovery through step out exploration, with numerous high priority targets identified outside the Core Trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

Web: www.autecominerals.com.au

 

Red 5 Moves KOTH Feasibility Closer to Completion

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) reported its Final Feasibility Study (FFS) for the proposed stand-alone integrated bulk open pit and underground mining and processing operation at the company’s King of the Hills (KOTH) gold project in Western Australia is on schedule for completion in the September 2020 Quarter.

Red 5 is currently reviewing the design and costings for the Process Plant and other on-site infrastructure.

Mine planning studies are continuing with the final KOTH open pit, satellite deposits, underground mine designs and mine schedules expected to be finalised early in the September 2020 Quarter.

An updated KOTH Ore Reserve to follow is anticipated to form part of the Final Feasibility Study.

“We continue to systematically progress towards completion of the FFS, with mining and engineering studies well advanced and project approvals on schedule,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“Strong progress is being made with planning for site early works and ordering of long-lead items, with the delivery of a recently-purchased accommodation village and offices expected to coincide with the planned commencement of site early works in the second half of CY2020.

“Over the coming weeks we expect to complete our review of the designs and costings for the Process Plant and other on-site infrastructure, and finalise the tailings storage management report, while also progressing heritage surveys over key infrastructure corridors.

“The successful completion of these workstreams will put us on track to deliver the FFS on schedule in the September 2020 Quarter, marking a major milestone towards the development of one of Australia’s most exciting new gold development projects.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

Dreadnought Resources Completes Metzke’s Find Drilling

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has completed its latest round of RC drilling at the company’s Illaara gold-VMS project near Kalgoorlie in Western Australia.

Dreadnought Resources completed six holes at the Metzke’s Find target that has returned visually encouraging intersections.

The company reported the drilling had intersected the targeted lode horizon which consists of sugary recrystalised quartz sulphide veining with a zone of intensely sheared and chlorite, sericite and biotite altered mafic metavolcanics.

Assays are expected during July 2020.

“Dreadnought is pleased to have completed follow up drilling at the historic high-grade Metzke’s Find on time and on budget,” Dreadnought Resources managing director Dean Tuck said in the company’s announcement to the Australian Securities Exchange.

“The visual results are encouraging, and we look forward to announcing the assay results during July 2020.

“In the meantime, Dreadnought is gearing up for a return to Rocky Dam by mid-July to follow up on the recently drilled thick near surface gold intercepts.”

 

Email: info@dreadnoughtresources.com.au

Web: www.dreadnoughtresources.com.au

 

Meteoric Resources Commences Work at WA Acquisition

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) is poised to commence its 2020 field season at the Palm Springs gold project. located near Halls Creek in the Kimberley of Western Australia.

Meteoric Resources explained that, pending the imminent completion of the acquisition of the Palm Springs project, the company has already mobilised to site in preparation of an initial exploration and drilling program, which is expected to commence in Q3.

This initial program will include:

RC and Diamond Drilling Program to explore for extensions of the Butchers Creek Orebody where historic drilling encountered encouraging gold intercepts below the base of the open pit;
Evaluation of Regional Structural targets focussing in on the ‘Host Unit’, a trachyte host rock that concentrates gold mineralisation, following which the company will build a 3D model across the licences; and
Baseline geophysical studies to identify and target non‐outcropping host unit and sulphide alteration.

“We are delighted to have been in a position to move swiftly to enter into an agreement to secure an Australian asset in the Palm Springs project and we already have boots on the ground (within a week of announcing its acquisition) thus officially kicking‐off our 2020 field season in the Kimberley,” Meteoric Resources managing director Dr Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“The Palm Springs project has significant upside potential for shear hosted high grade mineralisation, as demonstrated by the historical drill intercepts.

“Our plan is to heed the advice of numerous geologists previously working at the project by engaging structural experts to commence a detailed exploration program to gain an understanding of the structural setting and its controls on mineralisation.

“Following this we will compile a 3D model and get busy drill testing these high‐grade gold targets.”

While mobilising down under, Meteoric is also running a drilling program in Brazil at its wholly-owned Juruena project.

“At Juruena in Brazil we have successfully executed our back to work strategy and we are already on hole two of our Resource expansion program targeting the Dona Maria and Crentes prospects,” Tunks continued.

“We have commenced work at the very high‐grade Dona Maria project where we are looking to convert inferred resources to indicated and extend the resource down plunge.

“After Dona Maria we will move onto a potential company maker where we look for the source of the high‐grade mineralisation, namely the gold copper porphyry system which we believe is driving the entire Juruena mineralised system.”

 

Web: www.meteoric.com.au

 

 

Breaker Resources Drills Potential Depth Growth at Bombora

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) claimed discovery of several new high-grade lodes from deeper drilling undertaken below the one-million-ounce open pit Resource at the Bombora deposit within the company’s Lake Roe project near Kalgoorlie in Western Australia.

Breaker Resources declared results received from four reconnaissance diamond drill holes completed below the northern part of Bombora on a 300m spacing highlighted potential to expand the existing Resource at depth.

With the objective to scope out the potential for future underground mining below the open pit Resource ahead of targeted resource definition drilling, all four drill holes encountered gold mineralisation with visible gold present in several intersections.

This included the deepest Breaker has reported to date at Bombora in two new steep lodes situated approximately 600 metres below surface.

Highlighted results include:

BBDD0096W2
4.6 metres at 12.5 grams per tonne gold, including 1.3m at 42.7g/t gold within a broader zone of 19.6m at 3.13g/t gold (a new steep lode with visible gold);

2.47m at 12.1g/t gold, including 1.37m at 20g/t gold within a broader zone of 5.7m at 5.56g/t gold (a new steep lode with visible gold); and

2.65m at 10.6g/t gold, including 0.4m at 67.3g/t gold (new flat lode).

BBDD0093W3
6.85m at 4.8g/t gold, including 1.4m at 10.9g/t gold (new flat lode).

The company said the results have extended the strike length of the high-grade gold lodes below the open pit Resource by 600m to the north.

Together with results reported from previous reconnaissance drilling at depth, increasing the overall strike length of known high-grade gold lodes below the open pit Resource to two kilometres.

“The new drilling has confirmed a two-kilometre strike length of high-grade gold mineralisation situated directly below an extensively de-risked open pit Resource, 80 per cent of which is in the Indicated category,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“The results highlight strong potential for a significant increase in the Resource at grades typically amenable to underground mining.

“It’s also important to note that the high-grade lodes we are seeing at depth at Bombora are similar to the high-grade lodes present in the open pit Resource.

“In fact, in some cases, they are extensions of the same lodes but without a low grade halo that is typically applied in an open pit setting.

“We are now projecting the high-grade lodes over large distances at depth, and we either are hitting them with our reconnaissance drill holes, or discovering new lodes in the process, or both.

“Based on the recent drilling, some of the individual flat lode systems are in excess of one-kilometre-long, which matches the dimension of some of the west-dipping lodes in the shallow portions of the deposit.

“We believe that the continuity we see in the shallow portions of the deposit is likely to translate into a viable future underground mining scenario.”

 

Email: breaker@breakerresources.com.au

 

Web: www.breakerresources.com.au