Ardiden Increases Ontario Gold Footprint

/in , /by

THE DRILL SERGEANT: Ardiden (ASX: ADV) has expanded its landholding at the company’s Pickle Lake gold project in Ontario, Canada.

Ardiden has expanded Pickle Lake to over 500 square kilometres by staking additional highly prospective greenstone belts, which the company considers both contiguous and along strike of historical gold mines and known gold deposits.

In line with its gold exploration strategy, Ardiden has continued to stake prospective ground and negotiate opportunities that complement its land holding at Pickle Lake and create opportunities for an increase in shareholder value through its gold assets.

“The ground holding now extends over more than 100 kilometres of highly prospective Archean greenstone territory that provides us the best opportunity to make new and exciting discoveries,” Ardiden CEO Rob Longley said in the company’s announcement to the Austtralian Securities Exchange.

“What is significant about the increased landholding is the potential of the overall belt as one of the best jurisdictions in which to invest and explore for new high-grade gold deposits using modern exploration techniques and geophysical analysis – we are very excited about what the future holds.”

Ardiden has an existing high-grade 110,000 ounce inferred JORC gold Resource estimate at Pickle Lake at its Kasagiminnis Deposit (790,000 tonnes at 4.3g/t gold).

While this deposit is the target of the company’s next drilling program, aimed at progressively increasing JORC Resources, the landholding now provides multiple gold targets across a district-scale package the company believes provides for a long-term exploration pipeline of gold projects.

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

Mako Gold Extends Mineralisation at Depth at Tchaga

/in , /by

THE DRILL SERGEANT: Mako Gold (ASX: MKG) received assay results from the latest drill program on the Tchaga prospect at the company’s Napié project in Côte d’Ivoire.

Mako Gold’s recent drilling program consisted of four diamond drilling holes on the Tchaga prospect, two of which extended previous reverse circulation (RC) drill holes to test mineralisation at greater depth and to test for continuity of gold mineralisation down dip.

Highlights include:

NARC058DD
1.8 metres at 3.86 grams per tonne gold from 162.2m
7.7m at 11.65g/t gold from 169m, including 3.55m at 23.06g/t gold from 171.7m, including 1m at 47.3g/t gold from 172m
3.25m at 1.23g/t gold from 179.75m
8.1m at 2.02g/t gold from 199.9m, including 2.1m at 4.54g/t gold from 199.9m
2m at 1.87g/t gold from 218m

NADD008
2.3m at 16.04g/t gold from 64.7m, including 1m at 28.06g/t gold from 64.7m

NARC056DD
6m at 1.85g/t gold from 174m, including 1m at 8.19g/t gold from 177.9m
7.4m at 1.29g/t gold from 183m, including 1.6m at 3.3g/t gold from 185m

“The high-grade results we have received from this short four-hole DD program further increases our confidence in the potential of the Napié project, and in the short term, advances the Tchaga prospect one step closer to a Mineral Resource,” Mako Gold managing director Peter Ledwidge said in the company’s announcement to the Australian Securities Exchange.

“I am highly encouraged that we have extended gold mineralisation from 120 metres down to 185 metres vertical metres and that we have encountered high-grade mineralisation at those depths.”

Mako will earn up to a 75 per cent interest in the Napié project under a farm-in and Joint Venture agreement with Occidental Gold SARL, a subsidiary of Perseus Mining (ASX: PRU).

Mako currently holds a 51 per cent interest in the permit and is operator of the project.

 

Web: www.makogold.com.au

 

De Grey Mining Confirms Large Scale Gold System at Hemi

/in , /by

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has continued to produce positive gold assay results from RC and aircore drilling programs underway at the recently discovered Hemi prospect within the company’s Pilbara gold project in Western Australia.

De Grey Mining’s recent RC and aircore drilling efforts have defined sulphide alteration along strike, over increased widths and down dip on generally wide-spaced sections between 80 to 160 metres apart.

The latest results have emerged from initial RC drilling at the Brolga Zone (Section B) and the newly named Aquila Zone (Section A and extensions), together with additional aircore results.

RC drilling results from the Brolga Zone have confirmed strong gold mineralisation at depth including:

HERC001
93 metres at 3.3 grams per tonne gold from 39m, including 21m at 4.7g/t gold;

De Grey said this result confirmed broad gold zone at depth that correlates with previous shallow aircore gold results achieved directly above.

HERC002
51m at 2.2g/t gold from 98m, including 8m at 4.1g/t gold.

De Grey said the drilling had expanded the sulphide zone expanded to over 200m wide demonstrating potential for over 320m of strike.

Drilling at the Aquila Zone has defined a northeast trend over 750m strike and up to 50m wide with results including:

HERC003
11m at 3g/t gold from 193m finishing in high-grade mineralisation of 4m+ at 6.5g/t gold;

HERC004
38m at 3.4g/t gold from 55m, including 9m at 7.4g/t gold; 50m to the north east

BWAC397
42m+ at 2.7g/t gold from 96m, including 4m at 4.2g/t gold; 480m along strike to NE and also ending in mineralisation.

Mineralisation has been confirmed to 180m below surface and remains open

Further assays remain pending on both zones and diamond drilling has commenced.

“Early drilling at Hemi has produced some of the best discovery intersections that I have seen,” De Grey Mining exploration manager Phil Tornatora said in the company’s announcement to the Australian Securities exchange.

“Drilling to date, shows exceptionally wide, continuous and good grade gold mineralisation.

“Geological indications suggest that Hemi may be more of an intrusion related style of gold system rather than the more typical orogenic shear hosted style deposits of the Pilbara and other WA goldfields.

“We have three rigs on site advancing this exciting new discovery.”

The RC and aircore drilling De Grey has undertaken to date has defined two separate parallel gold zones – Aquila and Brolga, demonstrating strong gold mineralisation associated with extensive sulphide rich alteration.

It has also increased sulphide alteration to over 200m wide at the Brolga Zone while identifying a strike length greater than 750m and up to 50m true width along the Aquila Zone.

The company believes potential exists for further, multiple mineralised zones to be discovered.

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

Westgold Resources Recommences Sub-Level Mining at Big Bell

/in , /by

THE DRILL SERGEANT: Westgold Resources (ASX: WGX) has recommenced underground sub-level cave stoping at the Big Bell underground mine at the company’s Cue Gold Operations (CGO) in Western Australia.

Westgold Resources initiated the first mass cave blast on Monday, paving the way for a planned ramp up in mine output that targets steady-state production rates by the end of CY 2020.

Over the past three years, Westgold has progressively dewatered the Big Bell underground mine and rehabilitated historic access development to around 610 metres vertical depth.

All critical mine services including dewatering, surface infrastructure power reticulation, ventilation, pumping and emergency egress have been re-installed.

Access drives into all old mining areas have been also rehabilitated with new development extended to enable the extraction of remnant and new ore horizons.

“This is a major milestone for Westgold and a terrific achievement by our CGO team,” Westgold Resources executive chairman Peter Cook said in the company’s announcement to the Australian Securities Exchange.

“Big Bell has been idle and flooded since 2003 however before that it was one of the largest single mine gold producers in the Australian gold sector.

“After nearly three years of substantial capital reinvestment and hard toil, we are on the cusp of returning Big Bell to its former glory.

“Big Bell will become our largest single mine in the Murchison region and restarts with a 10-year mine life with excellent resource extension potential.

“Big Bell is key to Westgold’s plans as it represents the last critical piece in our Murchison strategy.

“Our dominant land position, three operating process plants, over nine million ounce resource base and our unique position as owner operator provides the strategic platform to underwrite more than 300,000 ounces of production per annum in the longer term.”

 

Web: www.westgold.com.au

Gateway Mining Identifies New Gold Corridors

/in , /by

THE DRILL SERGEANT: Gateway Mining (ASX: GML) has identified extensive new regional gold corridors outside of the main gold trend at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining recently completed a program of reconnaissance aircore drilling, which it claims has identified a series of highly prospective gold corridors that present a major opportunity for new discoveries, particularly shallow oxide gold deposits.

The company has now identified four gold corridors covering a cumulative strike length of approximately 20 kilometres, opening up a major new exploration opportunity within the Gidgee project beyond currently defined resources.

The Flametree prospect is part of an interpreted gold-base metal corridor that has demonstrated potential for near-surface oxide gold.

Recent regional aircore drilling at Flametree intersected shallow oxide gold mineralisation which remains open in all directions, within this broader trend.

Key results include:

GWAC0267
5 metres at 10.4g/t gold from 52m;

GWAC0256
4m at 3.8g/t gold from 20m;

GWAC0257
9m at 1.1g/t gold from 17m;

GWAC0247
5m at 3.8g/t gold from 23m;

GWAC0246
3m at 3.5g/t gold from 44m;

GWAC0243
17m at 0.8g/t gold from 69m, including 11m at 1g/t gold; and

GWAC0236
5m at 1.9g/t gold from 39m.

Further aircore drilling to test a coincident gravity-magnetic target at the Ashes prospect intersected ferruginous quartz veining in sandstones, with anomalous results including:

GWAC0214
8m at 0.7g/t gold from 24m, including 4m at 1.2g/t gold.

Gateway explained that the AC drilling program was designed to test a number of prospective targets away from the primary Montague Granodiorite intrusion and its associated mineralisation.

While the highly mineralised margins of the granodiorite margin remain a priority focus for upcoming programs of exploration and resource extension, the company is also committed to systematically evaluating the potential of the wider Gidgee gold project.

“While our core strategic focus remains to unlock the significant potential that exists around the margin of the Montague Granodiorite and along strike from the existing Resources, we also see outstanding potential to make new discoveries outside of the main mineralised contact,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“The outcomes of the aircore program and our recent regional work has vindicated this belief and highlighted the enormous opportunity to make major new discoveries in completely new areas.

“This supports our view that the Gidgee project forms part of a major gold system and we are now developing a broader pipeline of targets with the potential to deliver a quantum increase in our overall Resource position.

“We are very pleased with the results of this aircore program.

“The results confirm the potential for a major shallow oxide gold system within a series of major structural corridors that have not really ever been systematically tested.

“This presents an outstanding shallow target for cost-effective aircore drilling, which we are planning to resume in parallel with an ongoing process of target ranking and evaluation that will underpin our broader exploration programs for the rest of this year.

“We look forward to presenting the full results of this work in the near future.”

 

Web: www.gatewaymining.com.au

 

Azure Minerals Enhances Loma Bonita Gold Credentials

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported new intersects of wide intervals of gold and silver mineralisation on the company’s 100 per cent-owned Alacrán project in Sonora, Mexico.

Azure Minerals’ previous exploration at Alacrán resulted in the discovery of the Mesa de Plata silver deposit and the adjacent Loma Bonita gold-silver deposit where the current drilling has been focused.

These two deposits contain total mineral resources of:

Mesa de Plata: 10.5 million tonnes at 82 grams per tonne silver for 27.4 million ounces of silver, including an at-surface high-grade resource of 1.8 million tonnes at 275g/t silver for 15.5 million ounces of silver; and

Loma Bonita: 5.4 million tonnes at 0.9g/t gold and 28g/t silver for 150,000 ounces of gold and 4.8 million ounces of silver.

Azure is conducting a Reverse Circulation (RC) drilling program at the Loma Bonita gold-silver deposit for resource infill and extension, and to collect additional samples for advanced metallurgical testwork.

Drilling is also targeting several greenfields exploration targets.

Azure Minerals’ recent drilling encountered gold intersections at southern Loma Bonita, including:

MDPC-153
58.5 metres at 0.7 grams per tonne gold from 15m, including 19.5m at 1g/t gold;

MDPC-154
73.5m at 0.7g/t gold from 0m, including 12m at 1.3g/t gold;

MDPC-155
31.5m at 1.7g/t gold from 0m (entire hole);

MDPC-160
37.5m at 1.8g/t gold from 1.5m, including 19.5m at 2.4g/t gold;

MDPC-161
28.5m at 1.3g/t gold from 0m; and

MDPC-162
34.5m at 1.2g/t gold from 87m, including 6m at 3.3g/t gold.

“Drilling confirms that gold mineralisation extends for a further 100 metres to 150 metres south of the southern boundary of the current Loma Bonita mineral resource,” Azure Minerals said in its ASX announcement.

“Resource expansion drilling is stepping out from the southern resource boundary to increase the resource size.

“Resource infill drilling is being undertaken to improve definition of internal high-grade zones, confirm internal continuity and obtain samples for additional metallurgical testwork.”

Three drill holes (MDPC-150 to 152) were completed within the Mesa de Plata silver deposit with each hole intersecting wide intervals of high-grade silver mineralisation, including:

MDPC-150
10.5m at 805g/t silver from 12m, including 6m at 1,284g/t silver;

MDPC-151
24m at 474g/t silver from 36m, including 15m at 677g/t silver; and

MDPC-152
40.5m at 344g/t silver from 0m, including 10.5m at 774g/t silver.

The company indicated samples from these holes will be used for advanced stage metallurgical testwork for the purpose of optimising the process flowsheet for a Mesa de Plata mining and processing operation.

Two further RC holes (MDPC-148 and 149) were drilled at the Cerro San Simon prospect to follow up previous drill intersections.

Both new holes intersected gold mineralisation at the expected depths, including:

MDPC-148
31.5m at 0.4g/t gold from 12m; and

MDPC-149
16.5m at 0.8g/t gold from 61.5m.

 

 

Web: www.azureminerals.com.au

 

Alicanto Minerals Intersects Chalcopyrite Mineralisation at Wolf Mountain

/in , /by

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has completed the first two drill holes (DH 20-01 & DH 20-02) at the company’s Wolf Mountain copper-gold target area in the Bergslagen district of southern Sweden.

Alicanto Minerals reported that the drilling has intersected approximately 24 metres (true width) of strong alteration Chalcopyrite mineralisation, including a 4m zone of more intense chalcopyrite mineralisation, and an overall near-55m wide mineralised zone.

The first hole (DD 20-01) intersected more than 60m (down-hole) of strong alteration and disseminated sulphides, including chalcopyrite and pyrite and ended in mineralisation.

The second hole has extended this zone.

The company said its geologists have interpreted these two holes to have intersected the outer margins of a largescale copper-gold system within the Wolf Mountain area, adding that the tenor of alteration around the mineralisation supports this interpretation.

Chalcopyrite mineralisation was observed in drill hole 20-02 that is coincident with strong silica-garnet-amphibole alteration similar to what Alicanto has previously observed in rock chipping on surface that has yielded up to 11.9 per cent copper and 2.9 grams per tonne gold.

“Alicanto is excited to announce that the second hole in its maiden diamond core drilling program targeting multiple large-scale, high-grade copper-gold mineralisation at Wolf Mountain in Sweden, has intersected a four-metre wide (true width), strongly altered mineralised zone with significant visible chalcopyrite and continues to intersect disseminated sulphides in its surrounding halo,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“The first hole intersected at least 25 metres (true width) of disseminated sulphides of typically one to five per cent, including logged chalcopyrite and pyrite mineralisation and intense wall rock alteration, and together the two holes define a total sulphide mineralised zone of approximately 55 metres (true width).

“Last year, initial geophysical Induced Polarisation surveying (IP) at the Wolf Mountain prospect identified multiple, large-scale anomalies that have never been drill tested.

“These are prospective for high-grade copper-gold mineralisation.

“Previously mapped, mineralised trends with coincident high-grade rock-chips of up to 11.9 per cent copper at surface were highlighted by the survey, but excitingly, further large-scale targets were also identified under thin glacial cover.

“This drilling represents the first of these exciting new targets to be tested.

“The rig has now been mobilised to extend the first hole that finished in mineralisation.

“Further drill results will be anticipated over the coming months.”

 

 

Email: admin@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Musgrave minerals Intersects High-Grade Gold at Break of Day Link Lode

/in , /by

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at the 100 per cent-owned Break of Day deposit on the company’s Cue gold project in Western Australia.

Musgrave Minerals’ recent drilling has been focussed on testing the new high-grade link-lode at Break of Day and has returned very high-grade gold results in the first drill holes.

The first follow-up RC drill hole has confirmed the position of the high-grade link-lode at Break of Day intersecting:

20MORC001
6 metres at 51.7 grams per tonne gold from 228m down hole.

Other drilling carried out through the Twilight Lode in previously untested positions, and outside the existing resource, intersected:

20MORC001
6m at 81.7g/t gold from 72m down hole;

20MORC002
2m at 7.8g/t gold from 61m; and

20MORC004
18m at 3g/t gold from 18m.

“This is a fantastic result and confirms the discovery of the high-grade link-lode at Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“It also extends the Twilight lode and with further drilling we are confident we can significantly grow the high-grade Break of Day resource.

“This discovery also verifies a new target model for future drilling to test for additional discoveries in the region.

“We have yet to define the limits of this new link-lode and there are opportunities to find others in the Break of Day-Lena area.”

The link-lode remains open in all directions, with assays awaited from a further eight holes from the current drill program.

Musgrave indicated it is planning additional follow-up RC and diamond drilling of the new link-lode at Break of Day that is expected to commence in April.

The company said a Resource update incorporating the new link-lode at Break of Day will be scheduled for early Q3 following further drilling.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Carawine Resources Claims New Hill 800 Gold Discovery

/in , /by

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) claimed discovery of a new high-grade gold and copper zone at the Hill 800 prospect within the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Carawine Resources claimed the discovery following receipt of an outstanding assay interval from the current diamond drilling program at Hill 800.

The assay results are from the first diamond drill hole of the current program, targeting the down-dip and along-strike extents of porphyry-related mineralisation at Hill 800.

Assays included an interval of:

H8DD020
11 metres at 9.87 grams per tonne gold, 0.3 per cent copper and 14.6g/t silver from 179m (0.3g/t gold cut-off), including 4m at 26.7g/t gold, 0.7 per cent copper and 38.7g/t silver from 179m (1g/t gold cut-off).

Carawine explained that this latest interval, exceeding 100 gram-metres gold, with high copper and unusually high silver grades, is from a new semi-massive sulphide lens about 50m to the west of the main mineralised zone at Hill 800.

It is open down-dip and along strike into areas untested by drilling.

“These latest results have expanded the mineral system at Hill 800, with a potentially significant new zone of very high-grade gold and copper mineralisation identified,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“This is just the first hole of our current program exploring the depth extents of Hill 800, and we are yet to define the edges of the mineral system.

“We have established that the host rocks and mineralising fluids were likely sourced from a fertile copper-gold porphyry system, and that the more we drill the more we grow the potential size and grade of the deposit.

“It is therefore exciting to think what the rest of this program will deliver in terms of grade and mineralisation styles, and we look forward to presenting those results as they are received.

“We are also looking forward to drilling the first of several magnetic anomalies identified as potential porphyry targets, expected to commence within the next two weeks.”

A second diamond drill hole (H8DD021) targeting the main zone of mineralisation, 50m along strike from H8DD020 was recently completed to a depth of 446m.

Samples from this hole have been submitted for assay and Carawine anticpates results to be ready within the next four weeks.

A third drill hole is currently in progress.

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Matsa Resources Claims New Lake Carey Gold Discovery

/in , /by

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) has claimed a new gold discovery at the company’s Lake Carey gold project in Western Australia.

Matsa Resources made the announcement on the back of results from aircore drilling on the FF1 target, which is located 2.5 kilometres north of Matsa’s recently discovered Fortitude North gold deposit.

The company achieved anomalous gold values in seven drill holes that included intercepts in basement and in the overlying transported cover.

Two drill holes located 300 metres apart, intersected anomalous gold values greater than 0.1 grams per tonne in basement rocks, with one intercept of:

20FFAC04
3 metres at 1.49 grams per tonne gold from 108m to end of hole (EOH).

Matsa reported that highly anomalous gold values between 0.2g/t gold and 0.24g/t gold were intersected in sandy transported cover between the two basement intersections which the company deems probably represent the products of erosion of primary gold mineralisation in basement.

Two other anomalous basement gold intercepts with values over 0.1g/t gold at EOH were achieved in drill holes 20FF1AC09 and 20FF1AC12.

“Drilling was designed to test a target along the Fortitude Fault, approximately 2.5 kilometres north of Fortitude North, where drilling by previous explorers had been mostly unable to reach basement because of drilling difficulties in loose sands and gravel at the base of the transported cover sequence,” Matsa Resources said in its ASX announcement.

“The discovery of new gold mineralisation by a limited aircore drilling program at FF1, has highlighted the prospectivity of the Fortitude Fault zone which extends over the full extent of the Lake Carey gold project from north to south.

“This discovery so soon after the Fortitude North discovery, emphasises the potential for further gold mineralisation along established “gold trends”, particularly in areas where previous exploration has been hampered by transported cover.”

 

Email: reception@matsa.com.au

Web: www.matsa.com.au