RareX JV Partner to Commence Drilling Lachlan Ford Belt Targets

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THE DRILL SERGEANT: RareX Limited (ASX: REE) announced commencement of drilling by its Joint Venture partner TSXV-listed Kincora Copper Limited on copper gold projects in the Lachlan Fold Belt of New South Wales.

RareX recently sold a 65 per cent interest in the NSW copper gold assets to Kincora Copper, after which it retains a 35 per cent free carried interest while owning 9.9 per cent of Kincora Copper’s listed equity.

Recent work by Kincora Copper has highlighted potential of the package and in particular the Trundle project that is located near the Northparkes copper gold mine (5.5Moz gold and 4.5Mt copper) owned by Sumitomo (20%) and China Molybdenum Co Limited (80%).

Kincora Copper is to commence a fully-funded drill program comprising six deep holes on the Trundle project, which is the only brownfield porphyry project in the Lachlan Fold held by a listed junior.

Two drill holes will be drilled at each of three identified mineralised prospects, Trundle Park, Mordialloc, and Baileys, with follow up drilling planned.

“We are extremely excited by the funded drilling program and targets that have been generated by Kincora as part of the JV,” RareX executive director Jeremy Robinson said in the company’s announcement to the Australian Securities Exchange.

“Kincora’s team have made multiple world-class discoveries, including Cadia in this belt, and at Trundle are testing three known mineralised targets that are the only in a brownfield environment held by a junior in the prolific Lachlan Fold Belt.

“We look forward to multiple catalysts and significant news flow over the coming months with RareX remaining highly exposed to any new discoveries made, which is the ambition of this program, while preserving cash in a market that is significantly rewarding exploration success in the Lachlan Fold Belt.”

 

Email: info@rarex.com.au

Web: www.rarex.com.au

 

Twenty-Seven Co Verifies Large Mineralised Gold System at Creasy 1

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THE DRILL SERGEANT: TSC Limited (ASX: TSC) happily reported results for recent drilling undertaken at the Creasy 1 prospect, within the company’s Rover project in Western Australia.

TSC declared the assays, including up to 3 metres at 2.8 grams per tonne gold, have confirmed the discovery of a large, shallow mineralised gold system at the Creasy 1 prospect.

The company’s confidence came by combining its March 2020 RC drilling campaign, which comprised 20 drill-holes for 1,752m in total across the Creasy 1 and Harmonic5 prospects, and the high-grade shallow economic intercepts achieved from its December 2019 drilling.

De Grey said the latest results reinforced the gold potential at Rover.

Results from the March campaign include:

20RVRC031
3 metres at 1.2 grams per tonne gold from 80m;

20RVRC033
3m at 2.3g/t gold from 71m;

20RVRC035
3m at 2.8g/t gold from 56m;

20RVRC037
3m at 1.9g/t gold from 104m; and

20RVRC037
3m at 0.8g/t gold from 134m.

“At a time when the Australian dollar gold price is at an all-time high, encouragingly, the more we drill at Rover the more gold we find!” Twenty-Seven Company CEO Ian Warland exclaimed in the company’s announcement to the Australian Securities Exchange.

“The standout prize has been finding shallow high-grade gold shoots, verifying that we have discovered an extensive gold mineralised system.

“Factoring in outcropping gold mineralisation 300 metres north at Harmonic, there is still significant further exploratory work ahead across the two prospects which will better enable us to understand the overall gold potential at Rover.

“Recent work has also confirmed the VMS prospectivity of the project, so we are excited to shortly begin work on eight well-defined MLTEM bedrock conductors along the Maynard Hill greenstone belt to test for VMS-style mineralisation.”

 

Email: enquiries@twentysevenco.com.au

Web: www.twentysevenco.com.au

 

De Grey Mining Defines Third Gold Zone at Hemi Discovery

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THE DRILL SERGEANT: De Grey Mining has defined a third gold zone within the Hemi gold discovery at the company’s Pilbara gold project in Western Australia.

Recent drilling undertaken by De Grey Mining has defined the new Crow zone, a NE trending gold in bedrock anomaly one kilometre long and 300 metres wide, north of and parallel to the Aquila and Brolga zones within the Hemi discovery area.

The company had previously confirmed the Aquila and Brolga zones to host strong gold-sulphide mineralisation with deeper RC and diamond drilling.

Additional aircore drilling, mostly to the north of Aquila, returned further encouraging gold results at the new Crow Zone, highlighted by the maximum bedrock gold value in each aircore hole.

De Grey claims the scale of the Crow Zone as being similar to the Brolga and Aquila zones with aircore drilling extending the known extents of the northern intrusion.

To date, De Grey has completed six RC holes (HERC043-HERC048), testing from Aquila and across a portion of the Crow anomaly.

Results for HERC043 have been received, demonstrating encouraging bedrock gold mineralisation in a broad interval that finished in mineralisation.

HERC043
+72 metres at 0.3 grams per tonne gold from 42m, including 4m at 0.7g/t gold from 42m, 4m at 1.2g/t gold from 70m, 4m at 0.5g/t gold from 80m, and 6m at 0.8g/t gold from 106m.

“Crow is an exciting new large and untested gold anomaly, which has the dimensions and a similar order of magnitude of aircore gold results as initially seen at Brolga,” De Grey Mining exploration manager Phil Tornatora said in the company’s announcement to the Australian Securities Exchange.

“Like Brolga, the aircore drilling has only tested the shallow weathered portion of the bedrock.

“The first RC drill section comprising six holes has been completed, encountering variable sulphide mineralisation in each hole.

“HERC043 has returned encouraging gold mineralisation.

“We expect results of the next five holes to be available towards the end of April.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

Neometals Increases Armstrong Mineral Resource

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THE DRILL SERGEANT: Neometals (ASX: NMT) released an updated nickel Mineral Resource for the Armstrong deposit, part of the company’s Mt Edwards project in Western Australia.

Neometals acquired the Mt Edwards project, which is located in a province of historic nickel sulphide mines, in the first half of 2018 and immediately began exploring for nickel and lithium.

The company completed a program of Reverse Circulation (RC) at Armstrong in December 2019, results from which were combined with historical drilling and assay data for an outcome of a reinterpreted Mineral Resource at Armstrong that has increased by 60 per cent to 630,000 tonnes at 2.1 per cent nickel for 13,200 tonnes of contained nickel between 80 and 300 metres below surface.

Neometals indicated future work at Armstrong will include diamond core drilling and sampling to provide understanding of mineralogy and metallurgical characteristics, and RC drilling to increase confidence sufficient to upgrade the Mineral Resource classification and pave the way for advanced mining studies.

“The exploration and development success which has led to the updated Mineral Resource estimate at Armstrong, complements the company’s growth strategy of increasing the mineral inventory across Mt Edwards while seeking new nickel discoveries,” Neometals said in its ASX announcement.

“Neometals is targeting distinct high-grade zones and new discoveries across its large land holding at Mt Edwards, which is located in a well-recognised nickel mining province.”

 

Email: info@neometals.com.au

Web: www.neometals.com.au

 

Cassini Resources Confirms Yarawindah Project to be Part of Emerging Nickel-Copper-PGE Province

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) completed its first diamond drilling campaign at the company’s Yarawindah Brook project near the township of New Norcia, northeast of Perth, Western Australia.

Cassini Resources reported that the drilling, consisting nine diamond holes, returned further nickel and copper results for the project.

The company considers the project prospective for nickel, copper, cobalt and platinum group elements (PGEs) – namely palladium and platinum.

From the drilling, Cassini has identified a third nickel-copper-PGE sulphide prospect it has named the Ovis prospect.

Three holes were completed at Ovis targeting electromagnetic conductors, all of which intersected nickel-copper sulphide mineralisation at shallow depths.

Best results include:

YAD0008
2.25 metres at 1.09 per cent nickel, 0.99 per cent copper, 0.08 per cent cobalt and 0.24 grams per tonne PGE from 84.8m; and

YAD0009
0.9m at 1.44 per cent nickel, 0.76 per cent copper, 0.11 per cent cobalt and 0.19g/t PGE from 86.5m.

“Mineralisation is hosted in metagabbro and metapyroxenite intrusive sequences, consistent with the exploration model targeting mafic-hosted, orthomagmatic massive sulphides,” Cassini Resources said in its ASX announcement.

“The mineralised portion of the host sequence is over 50 metres thick and anomalous in nickel-copper throughout, which is important as massive nickel sulphide accumulations are generally associated with large volumes of sulphide-bearing magma.

“The host sequence in YAD0008 returned an intercept of 50 metres at 0.24 per cent nickel and 0.18 per cent copper (and terminated in mineralised metagabbro) demonstrating the potential scale and prospectivity of the mineralised intrusive.

“Mineralisation remains open along strike and down plunge to the north.

“Follow-up targeting work will integrate results from the geological interpretation and modelling, soil geochemistry and down-hole and surface EM surveys data.”

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Middle Island Complements Sandstone Resource Increase With Bonanza Drill Intercept

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) announced a new Mineral Resource for the Two Mile Hill deeps deposit within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Middle Island Resources declared a 500,000 ounces of gold Inferred Mineral Resource, which had been estimated by independent consultants, Mining Plus Pty Ltd, for the Two Mile Hill deeps gold deposit.

The company explained the new Mineral Resource is comprised of 480,000 ounces of gold associated with the tonalite-hosted portion of the deposit and 20,000 ounces of gold within the banded iron formation (BIF)-hosted element.

The addition of the Two Mile Hill deeps underground deposit brings the aggregate Sandstone project’s JORC Code 2012 Mineral Resources to 624,000 ounces of gold, representing a near five-fold increase in Mineral Resources that the company expects will expand once its current drilling campaign is complete.

“The addition of 500,000 ounces of formal Mineral Resources to the Sandstone project inventory is an extremely pleasing outcome that allows a far greater degree of transparency in valuing both the Sandstone gold project and the company,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“What is also pleasing is that, in the grade modelling applied by Mining Plus in resource estimation of the tonalite deeps deposit, the grade shells and distribution of gold mineralisation closely mirror MDI’s observations in logging the diamond core.

“Equally, Mining Plus’s application of contemporary mining and processing parameters and costs to confirm the deposit as a formal Mineral Resource, affirms the company’s view that this substantial deposit will ultimately provide a significant complement to our planned on-site gold production profile.

“The lower 200 metres (from 500m to 700m depth) of the prior Exploration Target also remains to be confirmed as a Mineral Resource via additional diamond drilling at a later date.

“The current aggressive exploration and resource definition campaign, collectively comprising some 17,300 metres of drilling, is now well advanced and there is a high likelihood that this campaign will significantly add to or upgrade additional open pit Mineral Resources prior to completing the updated pre-feasibility study.”

Middle Island also released drilling results that included a mouth-watering intercept of:

4 metres at 90.6 grams per tonne gold.

This was accompanied by a further intercept of:

8m at 3.35g/t gold.

The company reported both results from new and initial assay results achieved at the McClaren prospect, which comprises part of a recently completed Phase 1 RC drilling program at Sandstone.

Middle Island considers that, subject to resampling and infill drilling, there is a likelihood McClaren will prove to represent a new open pit deposit to complement the project’s mill recommissioning inventory.

McClaren is one of a cluster of three proximal gold prospects, also including McIntyre and Ridge, all of which are hosted within the southeast extension of the Shillington banded iron formation (BIF) package close to the company’s Sandstone gold processing plant.

“The bonanza grade intercept of 4 metres at 90.6 grams per tonne (almost 3oz/t) is an exciting early outcome from the Phase 1 RC drilling results at McClaren,” Yeates said.

“However, it is as much to do with the now apparent continuity of mineralisation in this and surrounding holes, that, subject to resampling and infill drilling, suggests the McClaren prospect may well prove to represent an additional new open pit deposit to supplement the planned recommissioning inventory.

“We eagerly await drilling results for the nearby McIntyre and Ridge prospects, and the current geological mapping, which may provide evidence that mineralisation associated with all three prospects may be linked.

“It is worth noting that McClaren and the adjacent two prospects all lie within granted Mining Lease M57/129 and only 2.5 kilometres from the company’s 100 per cent-owned, 600,000 tonnes per annum gold processing plant.

“I am equally encouraged by the initial drill intercepts within basalts in the northeast quadrant of the Two Mile Hill open pit deposit, which have the potential to extend and/or upgrade Sandstone’s existing Mineral Resources.

“Open pit optimisation studies indicate this quadrant of the deposit is very sensitive to Mineral Resource upgrades and/or additions within the basalt, potentially deepening the entire open pit by at least 20 metres, and possibly as much as 40 metres, thereby significantly increasing the overall open pit inventory.”

 

Email: info@middleisland.com.au

Web: www.middleisland.com.au

 

St George Mining Identifies Paterson Province Exploration Targets

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has carried out an airborne magnetic survey over the company’s Paterson project, located within the Paterson Province of Western Australia.

St George Mining completed the survey in March with the aim of evaluating the structure and stratigraphic setting and identifying focus areas for further exploration.

The company has interpreted the high-resolution magnetic data from the survey to identify prominent magnetic features, which it has deemed to represent key stratigraphic units and granitic intrusions similar to what hosts other precious metals and base metals discoveries in the region.

“The results from the aeromagnetic survey have exceeded our expectations with multiple areas of interest identified across the 35 kilometres strike of prospective stratigraphy on our exploration ground,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We have begun planning for the 2020 drill program and applied for the Western Australian Government’s Exploration Incentive Scheme (EIS), which provides co-funding for exploration drilling up to a prescribed capped amount.

“Our Paterson project is shaping up as an outstanding opportunity to make a greenfields discovery.

“We are excited to be progressing exploration at the Paterson while we continue our principal exploration and development activities at our flagship Mt Alexander nickel-copper sulphide project.”

 

 

Web: www.stgeorgemining.com.au

 

Peel Mining Continues Wirlong Drill Success

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) recently completed a diamond drill program at the Wirlong prospect, south of Cobar in western New South Wales.

Wirlong is part of the company’s Cobar Superbasin project, A Joint Venture with JOGMEC (Japan Oil, Gas and Metals National Corporation).

Peel Mining’s latest drilling at Wirlong comprised three diamond drillholes that were designed to target the Wirlong Central zone to test a newly interpreted strike orientation of high-grade copper mineralisation returned from historic drillholes.

“Importantly, the newly returned high-grade copper intercepts support the revised structural model, offering excellent potential to define high-quality resources and add new mineralisation in the future,” Peel Mining said in its ASX announcement.

Results from the drilling include:

WLDD003
4.26 metres at 2.22 per cent copper, 7 grams per tonne silver from 380m, including 0.26m at 15.85 per cent copper, 58g/t silver from 384m; and
0.74m at 14.3 per cent copper, 66g/t silver from 396.2m.

WLDD004
1.15m at 7.71 per cent copper, 30g/t silver from 54.45m, including 0.25m at 30 per cent copper, 97g/t silver from 54.45m;
30m at 1.64 per cent copper, 8g/t silver from 305m, including 14m at 2.63 per cent copper, 12g/t silver from 320m; and
9.6m at 1.32 per cent copper, 2g/t silver from 436.4m.

WLDD005
5.9m at 3.19 per cent copper, 13g/t silver from 347.1m, including 0.65m at 18.65 per cent copper and 48g/t silver from 351.87m.

Peel Mining completed down-hole EM on drillholes WLDD003 and WLDD004, using a newly designed transmitter loop designed to couple with mineralisation based upon its revised structural model.

“A number of high-grade copper intercepts in the area intersect the modelled plate or are in close proximity to its position, further supporting the new structural models’ validity,” the company explained.

“The strike of mineralisation remains open to the southeast and northwest, and downdip.”

The company forecast future activities for Wirlong to include further infill and extensional drilling and geophysical surveying to assist with exploration drill targeting along with the completion of a maiden mineral resource estimate.

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Twenty-Seven Co Identifies Its Name in New Conductors

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THE DRILL SERGEANT: TSC Limited (ASX: TSC) has identified 27 new conductors at the company’s Rover project in Western Australia.

TSC made the identifications via a recently-completed AEM survey over southern half of the Rover project.

The company explained that the vast majority of the conductors are situated along a 20-kilometres-long prospective gold strike that is part of the Maynard Hills greenstone belt.

TSC’s consultant geophysicist analysed the final data from the AEM survey, facilitated by New Resolution Geophysics’ advanced Xcite system.

From this an additional 14 AEM conductors have been identified, taking the total to a substantial 27 (up from 13 in early March).

Twenty-five conductors are located along a 15km stretch of the Maynard Hills greenstone belt, one conductor is located on the Cook Well greenstone belt and one is located in granitic rocks between the greenstone belts.

The bulk of the conductors have been grouped into five areas sequentially from north to south, including:

Two conductors west of Creasy 1 gold prospect;
Four conductors at Creasy 2 VMS prospect;
Five conductors near Creasy 3 prospect;
Five conductors covering a 600m strike at the newly discovered Red Bush prospect; and
Nine conductors southeast of Red Bush, with six coincident to a gold target identified in a geophysics study last year.

“Without doubt, the final AEM survey results have significantly surpassed expectations, with a substantial 27 conductors to follow up at the Rover project,” TSC CEO Ian Warlandsaid in the company’s announcement to the Australian Securities Exchange.

“To maintain exploration momentum, TSC has contracted a GEM crew to survey the most promising AEM conductors so that high-quality test-drill targets can be finalised for future drilling campaigns.

“With the second RC drilling program complete, TSC is now eagerly awaiting assays and GEM results which will determine next steps.”

 

Email: enquiries@twentysevenco.com.au

Web: www.twentysevenco.com.au

 

Rox Resources Encounters High-Grade Grace Intersections

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THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation (ASX: VMC) reported results from its early 2020 drilling program undertaken at the Youanmi project in Western Australia.

Rox Resources reported that recent drilling at Youanmi has defined a very high-grade zone of mineralisation (greater than 30 gram-metres) extending from surface, open to the north that lies within a broader wide zone of mineralisation.

Recent assays from drilling undertaken at the Grace prospect include:

RXRC151
7 metres at 54.6 grams per tonne gold from 8m;

RXRC152
1m at 29.7g/t gold from 23m;

RXRC153
6m at 5.7g/t gold from 24m;

RXRC154
4m at 4.5g/t gold from 9m, and 3m at 5.32g/t gold from 53m.

“The Grace prospect is emerging as an exciting high-grade deposit with one of the better recent intersections returned from hole RXRC151 being a spectacular 7 metres at 54.6 grams per tonne gold from 8 metres,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“This newly discovered mineralisation has all the hallmarks needed to bring it into early production-it is close to surface, lies near to existing pits and sits within a granted mining lease which already has substantial infrastructure.”

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au