Mali Lithium Encounters More High-Grades at Goulamina

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THE DRILL SERGEANT: Mali Lithium (ASX: MLL) announced more drilling results from the company’s 100 per cent-owned Goulamina lithium project in Mali, West Africa.

Mali Lithium said the drilling had demonstrated the quality of Lithium Oxide (Li2O) mineralised intercepts that are being thrown up from its recently completed RC drilling program continues to improve at the project.

Best of the latest results include:

GMRC365
72m at 1.66 per cent Li2O from 23m;

GMRC383
71m at 1.73 per cent Li2O from 126m;

GMRC378
64m at 1.85 per cent Li2O from 121m;

GMRC365
81m at 1.26 per cent Li2O from 133m;

GMRC369
48m at 1.82 per cent Li2O from 17m; and

GMRC369
49m at 1.82 per cent Li2O from 115m.

Mali Lithium explained that it has only received results for approximately 70 per cent of assays due to delays caused by the global shutdown.

However, the company expects results from the remainder of assays and the results of optical downhole surveys when they are ready.

Despite these delays, the company stressed it would make every effort to meet its previously advised timetable for an updated Mineral Resource, Ore Reserve and the Definitive Feasibility Study (DFS).

To that end, data validation, and statistical analysis has now commenced, leading up to estimation of a new Mineral Resource Estimate (MRE) for the Main, West l, West ll, Sangar l and Sangar ll domains and will be used to inform the DFS.

“Through this drilling program we continue to improve our confidence in the ore body and encounter high grade intersections particularly from the Sangar l and Sangar ll domains,” Mali Lithium managing director Chris Evans said in the company’s announcement to the Australian Securities Exchange.

“We look forward to publishing the updated Mineral Resource shortly, followed by the Ore Reserve and DFS in May.”

 

Email: info@malilithium.com

Web: www.malilithium.com

 

Bellevue Gold Ready to Start Calculating Indicated Resource

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) completed its first phase of infill drilling at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has completed a total of 94,000 metres of infill drilling at the project that it says has typically supported the existing Inferred Resource model and defined higher-grade shoots within the lode positions, analogous to the historic Bellevue mine.

The company declared it is well on track to publish a maiden Indicated Resource in the June quarter, 2020.

Bellevue currently has an Inferred Resource of 2.2 million ounces at 11.3 grams per tonne gold and the company indicated it expects the drilling, which was designed to upgrade the shallow resource areas and selected deeper lodes to the Indicated category, will result in an upgraded Resource being released once all assays have been received and resource modelling has been completed by an independent consultant.

The Indicated Resource will enable Bellevue to start economic studies and will be supplemented by subsequent infill drilling in other areas.

“With this key drilling program now completed, we can move to finalising a maiden Indicated Resource, which will in turn underpin economic studies,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The infill drilling has demonstrated the excellent continuity of gold mineralisation as well as robust grades and widths.

“Now we have completed the first phase of infill drilling ready for the maiden Indicated Resource, two rigs will remain on site, one focused on resource growth and one on further indicated drilling.

“We are also continuing with step-out drilling with the aim of growing the global resource at Bellevue and we plan to drill two highly promising conductors identified recently at the Deacon lode.”

 

Email: admin@bellevuegold.com.au

Web: www.bellevuegold.com.au

 

Corazon Mining Kicks Off Latest Lynn Lake Drilling Campaign

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced its next phase of drilling at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.

Corazon Mining intends completion of approximately 1,500 metres of diamond core drilling at high priority targets located within the historical Lynn Lake Mining Centre, as well as at regional targets at the Fraser Lake Complex, situated five kilometres south of Lynn Lake.

The drilling at Lynn Lake is aiming to define additional areas of mineralisation that the company considers to have the potential to add to the already substantial resource base.

The company’s recent exploration efforts at Lynn Lake have focused on testing the near surface expressions of historic underground mines, which operated continuously for 24 years until 1976.

Drilling undertaken in December 2019 delivered multiple high-grade nickel sulphide intersections, including:

A Orebody
37.8 metres at 1.68 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt from 10 metres, including 22.6m at 2.3 per cent nickel, 0.82 per cent copper, 0.068 per cent cobalt from 24.4m;

E Orebody
4.5m at 1.17 per cent nickel, 0.22 per cent copper, 0.029 per cent cobalt from 25m; and
4.1m at 2.09 per cent nickel, 0.57 per cent copper, 0.073 per cent cobalt from 26.9m.

“The current phase of drilling will test both the A Orebody and E Orebody areas and further define the near-surface resource potential of these targets,” Corazon Mining said in its ASX announcement.

The Fraser Lake Complex (FLC) is an intrusive mafic body situated approximately five kilometres south of the Lynn Lake Mining Centre.

Corazon has systematically explored FLC since December 2016, and believes it has the potential to host substantial nickel-copper-cobalt sulphide deposits.

“The sulphide textures and style of mineralisation observed at the FLC are analogous to that observed within the Lynn Lake Mining Centre,” the company observed.

“The recent exploration within the Mining Centre has refined targeting methodologies, particularly with respect to the processing and interpretation of geophysical datasets.

“These new processes have been applied to the FLC, resulting in a much more complete understanding of the framework of the mafic intrusion and generating new geophysical features for testing in this phase of drilling.”

 

Email: info@corazon.com.au

Web: www.corazon.com.au

 

Red 5 Makes Progress on KOTH FFS

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) made sure everybody remains up to speed with progress of the Final Feasibility Study (FFS) that is underway at the company’s King of the Hills (KOTH) gold project in Western Australia.

Red 5 declared it has made substantial progress across all workstreams to facilitate the completion of the FFS, which is due in the September 2020 Quarter is for the proposed stand-alone integrated bulk open pit and underground mining and processing operation at King of the Hills.

The company explained that results from assaying of some 32,000 metres of historical diamond drilling core, together with results from ongoing underground drilling programs, will underpin the completion of an update to the current 3.1 million ounces Mineral Resource estimate for KOTH.

This update is now expected to be delivered earlier than forecast and reported this month.

“We have completed a significant amount of work already, with the next major deliverable to be an update to the current 3.11 million ounce Mineral Resource estimate, which we expect to be able to report this month,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The Resource model will enable us to finalise mine planning and the completion of an updated bulk open pit and underground Ore Reserve for King of the Hills.

“We are delighted to have appointed an experienced Construction Manager who will join the team later this month.

“We are also close to finalising the infrastructure and site layout, with results from sterilisation drilling expected shortly.

“A clear pathway for project approvals has been defined with no significant hurdles expected given this is a brownfields mine development with a long operating history.

“Collectively, these programs put us well on track to complete the Final Feasibility Study for the integrated bulk open pit and underground mining operation in the September Quarter 2020.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

De Grey Mining Continues Hemi Gold Discovery Growth

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) produced further results from the Brolga and Aquila Zones within the Hemi gold discovery, located within the company’s Pilbara gold project in Western Australia.

De Grey Mining has identified extensive sulphide mineralisation from RC and diamond drilling over 240 metres of strike length and has demonstrated additional strike potential from encouraging aircore gold results and observations along strike over approximately 600m.

The overall scale of the Brolga Zone remains open in all directions that is currently defined only by RC and diamond drilling.

The dimensions of the Brolga Zone currently stand at 240m strike by up to 200m wide by 220m below surface and remains open.

De Grey said RC drilling undertaken on section 30,640E had confirmed substantial thicknesses of gold mineralisation associated with the extensive sulphide rich mineralisation.

RC gold results on Section 30,640E include:

HEDD002
43 metres at 1.9 grams per tonne gold from 99m, including 6m at 4.3g/t gold and 4m at 5g/t gold;

36m at 3.2g/t gold from 156m, including 14m at 5.6g/t gold; and

43m at 1.9g/t gold from 34m, including 6m at 6.9g/t gold.

Drilling at the Aquila Zone has demonstrated gold potential over 800m strike, up to 50m thick and 180m depth and remains open.

RC drilling results confirm healthy gold mineralisation, including:

HERC005
51m at 2.1g/t gold from 108m, including 8m at 4.9g/t gold;

HERC006
62m at 1.4g/t gold from 59m; and

HERC009
20m at 2g/t gold from 142m, including 3m at 6.8g/t gold.

“Brolga and Aquila are developing into two very large gold systems with widths of gold mineralisation never seen before in the project area nor the Pilbara region,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“The ongoing RC and diamond drilling program aims to scope the overall scale of the mineralisation on 80m spaced sections.

“The large anomalous gold area to the north of Aquila is now our focus for aircore drilling.

“Anomalous gold occurs in every hole above the interpreted intrusion in earlier wide spaced aircore drilling and provides scope for further new parallel discoveries.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

Saturn Metals Sees Bigger Apollo Hill Picture Developing

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) has fashioned a new geological interpretation on the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals formed this new opinion on receipt of results from reverse circulation (RC) drilling around the high-grade hanging-walls at Apollo Hill.

The company’s new geological interpretation suggests a westerly-dipping structural corridor highlights additional high-grade opportunity at the Apollo Hill gold project.

Drilling is being undertaken at Apollo Hill as part of Saturn’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the project’s 781,000 ounce Mineral Resource.

Drilling at Apollo Hill has continued to intersect mineralisation around higher grade zones with intercepts including:

AHRC0334
17 metres at 0.84 grams per tonne gold from 146m; and

AHRC0336
7m at 1.44g/t gold from 116m.

“Every drill result is providing additional evidence of a major system with multiple opportunities and facets,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We are particularly excited about our new interpretation, the current drilling and the opportunities it could afford.

“The bigger picture continues to emerge.

“We look forward to the ongoing results flow and to including the new information into our next resource update currently scheduled for later in 2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Nexus Minerals Completes Pinnacles Scoping Study

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) announced positive results from an Independent Scoping Study on the company’s Pinnacles JV gold project in Western Australia.

Nexus Minerals said the independent study, conducted by mining consultants Coverdale, provides the ability for the project to advance rapidly to the commencement of a Feasibility Study (FS).

The Scoping Study focussed on the Mineral Resource currently defined within the Pinnacles JV resource area, and has confirmed Nexus’ belief in the prospectivity of the Pinnacles JV project.

The company said the study results were positive and justify Nexus committing to the next stage of exploration and development by progressing to a Feasibility Study this year.

The Feasibility Study will incorporate additional resource definition drilling, geotechnical drilling, environmental studies and metallurgical test work along with other key assessments and permitting.

“I am very pleased to have completed this Scoping Study,” Nexus Minerals managing director Andy Tudor said in the company’s announcement to the Australian Securities Exchange.

“It has identified a clear pathway to seek to monetise the mineral resource with the company’s aim being to develop an open cut, followed by an underground mining operation.

“The mineral resource is robust in terms of both tonnes and particularly grade.

“These Scoping Study results, in conjunction with the current strong Australian gold price, further enhance the strength of the Pinnacle’s project, with the advantage of a pre-existing ore sales agreement with Saracen, with any ore mined to be processed through Saracen’s Carosue Dam Operation.”

Nexus Minerals’ tenement package at the Pinnacles gold project is largely underexplored.

It commences less than five kilometres to the south of, and along strike from, Saracen Mineral Holdings (ASX: SAR) Carosue Dam mining operations, and current operating Karari underground gold mine.

Nexus has a substantial land package of what in considers highly prospective geological terrane within a major regional structural corridor and is exploring for gold deposits.

The company consolidated the Wallbrook gold project by merging existing Nexus tenements with others acquired from both Saracen Mineral Holdings and Newmont Exploration, where it intends to further advance its gold exploration efforts.

 

Web: www.nexus-minerals.com

 

Moho Resources Aircore Drilling at Burracoppin

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THE DRILL SERGEANT: Moho Resources (ASX: MOH) has commenced its first aircore drill program on the Crossroads prospect at the company’s Burracoppin gold project in Western Austrealia.

Moho Resources will drill up to 40 reconnaissance air core holes across and along the Crossroads anomaly testing targets up to 300 metres wide incorporating auger gold and arsenic anomalies.

The drilling will also test an EM anomaly the company identified from an airborne EM survey carried out in November 2018 to search for base metal mineralisation.

Moho explained the anomaly was initially viewed as being related to a regolith feature, however the company now believes it is worthy of further investigation due to its proximity to the highest arsenic value at the Crossroads prospect.

Moho believes that the auger arsenic anomaly could be related to sulphide mineralisation in the underlying bedrock.

Auger sampling has already confirmed a spatial relationship between gold and arsenic anomalism at Crossroads.

“Moho is prioritising its resources on gold projects which we believe may have the best chance of being mined profitably in the short to medium term,” Moho Resources managing director Shane Sadlier said in the company’s announcement to the Australian Securities Exchange.

“Given the proximity of the Burracoppin project to gold processing facilities at Edna May and Marvel Loch, we are looking forward to receiving the results from the maiden aircore drill program at the Crossroads prospect.”

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au

 

Xantippe Resources Drilling at Southern Cross Gold Project

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THE DRILL SERGEANT: Xantippe Resources (ASX: XTC) has a maiden Reverse Circulation (RC) drilling program underway at the company’s recently acquired Southern Cross gold project near Southern Cross in Western Australia.

Xantippe Resources has completed the first four holes of the 2,500-metre drilling program that were drilled at the Glendower prospect, the first of the priority targets the company has designated to be initially tested.

It is anticipated that this initial RC drilling campaign will be completed during March with drill assays to be processed once drilling is complete.

“This is an exciting time for Xantippe with testing of priority targets now underway,” Xantippe Resources managing director Richard Henning said in the company’s announcement to the Australian Securities Exchange.

“While there has been historical drilling across the project area of 76 square kilometres there are a handful of shallow targets to test, as well as some deeper areas with historic exploration not inspecting below 100 metres.

“With this RC drilling campaign, we will be testing beyond this depth using modern and systematic methods to test between 100 to 150 metre levels.

“I had the opportunity to visit the site yesterday and I am pleased with the speed at which we have managed to get approval of our Program of Works, site clearance, and a rig on site drilling productively.”

Xantippe’s exploration plan at Southern Cross has thrown up a number of key sites for inspection, with drilling to occur at major prospects, including: Glendower, Xantippe and Treasury South.

 

Email: info@xantippe.com.au

Web: www.xantippe.com.au

 

Middle Island Resources Defines New Gold Target at Sandstone

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) recently completed interface (palaeo-surface) aircore geochemical drilling at the company’s Sandstone gold project in central Western Australia.

Middle Island informed that the drilling had confirmed the Tailings South gold target, situated just 800 metres from its 100 per cent-owned Sandstone gold processing plant.

The Tailings South target was one of five targets tested or refined as part of an aircore drilling program completed in January 2020.

The Tailings South gold anomaly was identified beneath eight to 15m of transported cover, and comprises a 600m-long eastern element and a 300m-long western element, both of which are north trending, consistent with the interpreted major structural orientation.

Middle Island has interpreted the anomaly to be associated with a series of folded banded iron formations (BIFs) dislocated by faulting.

Tailings South will be the last prospect to be tested as part of the company’s current 12,300m Phase I reverse circulation (RC) drilling program, of which around 11,000m has been completed with all assay results pending.

“Once all Phase I RC results have been received and compiled, a planned Phase II RC drilling program, comprising a notional 3,000 metres, will be undertaken to infill and upgrade any Inferred Mineral Resources identified by the Phase I work to an Indicated Mineral Resource classification,” Middle Island Resources said inits ASX announcement.

“This will be undertaken simultaneously with a notional 800 metres of oxide diamond coring of new deposits to provide additional bulk density data, along with material for further metallurgical, geotechnical and waste classification testing, where required.”

“Additional Mineral Resources derived from the entire planned 17,900 metres drilling campaign will be applied to the pre-feasibility study (PFS), which is in the process of being updated.

“The PFS update is planned to be completed in mid-2020, informing any subsequent Sandstone gold project recommissioning decision.”

Middle Island explained the outcome of the updated PFS will inform a Sandstone gold project recommissioning decision, the timeframe for which is estimated to be five months.

The company has an aggressive and systematic Sandstone 2020 exploration and gold development program planned set against a background of record gold prices and considerable local M&A activity, with recent takeover offers made for Spectrum Metals and Alto Metals at notable premiums.

 

Email: info@middleisland.com.au

Web: www.middleisland.com.au