Matsa Resources Releases Final Red October First Round Drill Results

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced results from the final three holes of grade-control drilling undertaken at the company’s Red October gold mine in the Eastern Goldfields of Western Australia.

Matsa Resources completed 11 underground diamond drill holes, focussing on extensions in the main mining area (ROSZ North), from which it achieved impressive gold assays the company claims to confirm the high-grade potential of the Red October gold mine.

Gold intercepts received for new zones from the final three holes of the grade-control drilling program at the Red October gold project include:

0.6 metres at 70.6 grams per tonne gold;
0.98m at 14.88g/t gold; and
1m at 14.6g/t gold.

Further strong results were achieved from the Red October Shear Zone (ROSZ) including:

2.1m at 4.24g/t gold.

“The discovery of new high-grade lodes which are not reflected in the June 2016 Resource model is significant,” Matsa Resources said in its ASX announcement.

“The high-grade lodes indicate the strong potential for more ore-bearing structures to be discovered to the north by further drilling.

“These new lodes will be prioritised for further evaluation as new opportunities outside of the known lode system.”

 

Email: reception@matsa.com.au

Web: www.matsa.com.au

 

Galan Lithium Returns ‘Remarkable’ Lithium Results From Hombre Muerto

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) added to previous news with the announcement of another exceptional lithium assay result from the company’s Hombre Muerto lithium brine project in Argentina.

The latest result came, once again, from the project’s Rana de Sal tenement.

Galan Lithium claimed the result confirms previous substantial intercepts in drill data of high-grade/low-impurity lithium bearing brines from the Western Tenement project areas.

The Rana de Sal license covers large alluvial fan areas covering part of the western margin of the Hombre Muerto salar.

Galan Lithium performed an airlift test, that provides an average grade for the drill hole, of 72 hours duration retrieving brine from between the intervals of 100 metres to 433 metres.

The air lift test sample returned 1,010 milligrams per litre (mg/l) lithium over an interval greater than 330m to confirm an outstanding grade average for drillhole RS-01-19 at Rana de Sal.

The results are the highest lithium grade reported by Galan on any drill hole at Hombre Muerto.

The company indicated its next phase of test work will be to more accurately determine the flow rates from the aquifer.

“We are delighted by these significant Rana de Sal results,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“On the back of the recent Pata Pila testing, we are very excited as we are now thinking of a potential new project that could be as important as the Candelas project.

“The results will be reviewed by our team as part of our scoping and pre-feasibility studies shortly after the resource estimate for the Western Tenements is finalised.”

 

Web: www.galanlithium.com.au

 

Saturn Metals Drills Major Step Out Result at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) released results from a Reverse Circulation (RC) drilling campaign undertaken at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals carried out the drilling at Apollo Hill in December 2019 as part of the company’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the project’s current 24.5 million tonnes at 1 gram per tonne gold for 781,000 ounces of gold Mineral Resource.

The best results came in the form of high-grade, thick intersections from step out drill hole AHRC0312 and include:

12 metres at 9.98 grams per tonne gold from 269m;
36m at 1.32g/t gold from 183m, including 11m at 3.28g/t gold from 208m; and
13m at 1.2g/t gold from 301m, including 4m at 3.63g/t gold from 301m.

Saturn Metals described this as the best result it has achieved on the project to date, with excellent grade and thickness located in a highly favourable step out position relative to the existing resource and known mineralisation.

“These step change results have provided a key breakthrough in the development of the rapidly growing and improving Apollo Hill Gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Drilling clearly shows the potential for a major resource improvement and expansion immediately adjacent to the initial Apollo Hill zone.

“A thick mineralised corridor is providing multiple opportunities for additional discovery with significantly improved grades now being intersected.

“Drilling has recommenced at Apollo Hill with two rigs currently on site.

“We look forward to the ongoing results flow and to including the new information into our next resource process currently scheduled for mid-2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Impact Minerals Identifies Porphyry Copper-Gold Prospects

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified four undrilled priority prospects for porphyry copper-gold deposits at the company’s 100 per cent-owned Commonwealth project in the copper-gold Lachlan Fold Belt in New South Wales.

Impact Minerals said the prospects had all been identified along trend from and close to the recent Boda discovery of Alkane Resources, where drilling is in progress.

The company claimed all four prospects have characteristics suggesting they are parts of large porphyry or other intrusive-related copper-gold systems.

The Boda South prospect is the company’s highest priority as it lies south of the Boda discovery hole along the same parent intrusion to the copper-gold mineralisation which extends at least 500 metres onto Impact’s ground.

The area is unexplored because of thin alluvial cover.

The Greenobbys prospect comprises a gold-silver-pathfinder metal quartz vein system associated with circular and linear magnetic anomalies and rock chip assays up to 9 grams per tonne gold and 215g/t silver.

The Apsley prospect has strong similarities to Boda and comprises numerous magnetic anomalies in the same aged rocks and with rock chip assays of up to 8.1 per cent copper and 13.1g/t silver.

The Spicers Creek prospect returned rock chip assays of up to 1.45g/t gold and 7.8 per cent copper.

“This new data has reinforced Impact’s belief that its tenements in the Lachlan Fold Belt are very prospective for the discovery of a major porphyry copper gold deposit,” Imapct Minerals said in its ASX announcement.

“Follow up field work has commenced this week on the four priority prospects with further more detailed field checking and rock chip sampling planned.

“The results of this work will be used to help prioritise targets for ground geophysics and drilling as soon as practicable.”

 

Email: info@impactminerals.com.au

Web: www.impactminerals.com.au

 

Cassini Resources Discovers New Mineralised Prospect at Yarawindah

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has been encouraged by early drilling results from the company’s 80 per cent-owned Yarawindah Brook project located northeast of Perth near New Norcia in Western Australia.

Cassini Resources considers the project to be prospective for nickel, copper, cobalt and PGE’s and is undertaking its first ever drilling at the project, a diamond drilling program targeting multiple electromagnetic conductors identified following an airborne and ground electromagnetic surveys in 2018.

Initial drilling has been carried out on the Brassica prospect, located approximately four kilometres to the southwest of the main Yarawindah prospect, from which the first two holes intersected sequences of more than 50 metres of metagabbro’s containing trace to minor pentlandite and chalcopyrite.

Assay results include promising intercepts of:

YAD0002
1.1 metres at 0.5 per cent nickel, 0.1 per cent copper and 0.08 per cent cobalt from 92.9m; and

YAD0001
0.7m at 0.09 per cent nickel, 1.46 per cent copper and 0.02 per cent cobalt from 71.4m.

“The first two drill holes have both intersected over 50m thick sequences of metagabbro’s which have intruded into and are intercalated with strongly foliated, deformed and locally pyrrhotite- and pyritebearing mafic and felsic country rock gneisses,” Cassini Resources said in its ASX announcement.

“Metagabbro’s contain pyrrhotite and pyrite disseminations throughout and trace pentlandite and chalcopyrite.

“Locally, predominantly pyrrhotite-rich massive sulphides and chalcopyrite-rich veinlets are also present within the metagabbro’s and country rocks.

“Although the mineralisation identified so far is not economic, the company considers these results very encouraging for a completely new target area at a very early stage of exploration.

“The results to date have already demonstrated the project’s potential to host multiple magmatic nickel and copper deposits.”

Cassini has recommenced drilling at Yarawindah following the Christmas-New Year break, with a third hole at Brassica underway.

Following completion of this hole the rig will move to the main Yarawindah prospect to drill the AN01 and AN02 conductors, which are believed to be extensions to previously identified mineralisation.

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Northern Minerals Samples Encouraging Copper Results at John Galt

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.

Northen Minerals completed the rock chip sampling program at John Galt in October last year.

Although the project already contains a heavy rare earth prospect, Northenrn Minerals focused this program on an area to the south of the Heavy Rare Earth Prospect on previously identified copper occurrences.

Of 24 samples collected and analysed, 12 returned assays of greater than one per cent copper with the higher-grade copper samples mostly occurring in a cluster over 500m of strike length.

Northern Minerals acknowledged its primary focus on rare earth elements, indicating the discovery of copper mineralisation provides potential for commodity diversification, particularly for a company focussed on electric vehicles and sustainable power generation.

The company plans to undertake further geological mapping, a follow up soil sampling program and a ground geophysics program, following the end of the wet season.

Based on these results, a drilling program may be considered for the June quarter.

“These copper results were an unexpected bonus for our exploration program at John Galt,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.

“While we are at our core a rare earth focused company, we will always look at ways to add value for our shareholders.

“As with rare earths, copper is an important element in the electric vehicle revolution given its widespread use in these vehicles.

“It is early days with respect to these copper results, however we are extremely encouraged by the widespread and high-grade nature of the results received.

“With the performance of Browns Range improving every day and nearing nameplate capacity, we are confident of a good year ahead.”

 

Email: info@northernminerals.com.au

Web: www.northernminerals.com.au

 

Musgrave Minerals Continues to Line Up Gold Hits at Cue

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals encountered the latest hits at the Lena deposit and from individual one metre resamples from drilling at Break of Day and Mainland.

Results from the RC drilling at Lena have continued to define the high-grade gold shoots, including:

19MORC039
5 metres at 12.1 grams per tonne gold from 82m, including 2m at 28.3g/t gold from 82m, within a broader interval of 46m at 1.5g/t gold from 82m to EOH;

19MORC041
9m at 6.4g/t gold from 116m down hole, including 2m at 22.3g/t gold from 121m; and

19MORC042
3m at 5.4g/t gold from 113m down hole.

The Lena mineralisation remains open down plunge with a resource update scheduled for Q1, 2020.

The one-metre resampling returned:

Mainland-Consols

19MORC018
3m at 38.2g/t gold from 113m down hole, including, 1m at 102.5g/t gold from 114m.

Break of Day

19MORC031
3m at 7.2g/t gold from 128m down hole.

“These are further strong results at Lena, Break of Day and Mainland and continue to highlight the resource growth potential of all three prospects,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“With drilling already commenced for the 2020 year we are looking forward to more exciting results as the programs progress.

“The strong results from drilling at Lena to date confirm the geological interpretation which is showing good continuity of the high-grade shoots at depth and will further enhance the resource update expected later in Q1 2020.”

Lena, Break of Day and Mainland are not part of the Evolution Joint Venture.

Diamond drilling on the Evolution JV at Lake Austin North is progressing, having recommenced following the Christmas break and will continue through to late January.

Assay results are expected in March 2020.

On the broader JV area over Lake Austin at Cue, Evolution and Musgrave are planning a large aircore drilling program to further define gold targets for basement drill testing.

This drilling is scheduled to commence in early February 2020.

Follow-up drilling of a possible ‘link-lode’ at Break of Day is scheduled to commence in late January 2020 and if successful, will enable a possible resource update in Q2 2020.

Further follow-up RC drilling at Mainland on the Consols target is scheduled to commence in February 2020.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Galan Lithium Confirms Pata Pila Lithium Grades

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announce further lithium assay results from recent sampling performed at the Pata Pila tenement within the company’s Hombre Muerto lithium brine project in Argentina.

Galan Lithium described the results a “outstanding” and indicated they would assist in the continued estimation of lithium brine resources at the Western Basin of the Hombre Muerto salar.

The Pata Pila license covers large alluvial fan areas covering part of the western margin of the Hombre Muerto salar.

Galan said the results had confirmed intercepts encountered by previous drilling of high-grade/low-impurity lithium bearing brines from the Western Tenement project areas.

The company carried out an airlift test of 72 hours retrieving brine from between the intervals of 40 metres to 718.5m, explain that this provides an average grade for the drill hole, which is host to three main lithological units (sands, conglomerates and porous halites) that are the brine bearing aquifers that are estimated to combine to a total of between 350 to 400m in width.

The 72 hour air lift test sample returned 946 milligrams per litre lithium (mg/l Li) over a 670 metre-plus interval confirming exceptional grade average for drillhole PP-01-19 at Pata Pila.

The company said its next phase of test work will be to more accurately determine the flow rates from the aquifers.

“We are delighted with these results,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Galan continues to show that its Hombre Muerto projects have potentially the right recipe for a commercial scale project, as well as being one of the highest-grade lithium brine projects in the world.

“Furthermore, we are encouraged by the confirmation of Pata Pila’s high-grade and low impurities and the effect on a large section of high-grade brines, which could add significant inventory to the previously reported Candela’s resource of 685,000 tonnes of LCE”.

 

Web: www.galanlithium.com.au

 

Azure Minerals Restarts Drilling at Alacrán

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THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) has recommenced Reverse Circulation (RC) drilling on the Loma Bonita deposit at the company’s 100 per cent-owned Alacrán project in Mexico.

Azure Minerals said the drilling had started up again following the scheduled Christmas-New Year break, which before taking the company had completed two holes.

The Loma Bonita deposit currently extends over 600 metres north-south and up to 200 metres east-west.

Mineralisation starts at surface and in places the true width/thickness of the mineralised zone exceeds 100m.

Drilling to expand gold and silver resources is underway, with early drilling located to the east of holes MDPC-096 and MDPC-131, which returned strong mineralised intersections of:

MDPC-131
47.2 metres at 2.79 grams per tonne gold and 33g/t silver;

MDPC-096
67.1m at 1.56g/t gold and 21g/t silver.

Before the break, Azure had reported encouraging surface sampling results from a strongly gold-mineralised breccia located in a road cutting approximately 400m southeast of the Loma Bonita resource boundary.

“Channel sampling of the exposed mineralised zone returned 35.5 metres grading 3.6 grams pert onne gold,” Azure Minerals said in its ASX announcement.

“This zone will be drill-tested in the current program.”

The company indicated it was now planning drilling to test the Cerro San Simon prospect where previous drilling returned several wide intersections of low to moderate grade gold mineralisation, including:

MDPD-025
29.6m at 0.56g/t gold and 27g/t silver;

MDPD-035
12.6m at 0.37g/t gold and 8g/t silver; and

ALA-17-004
63m at 0.47g/t gold and 27g/t silver.

 

Web: www.azureminerals.com.au

 

Auroch Minerals Kicks Off 2020 Exploration Program

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced its 2020 exploration program at the company’s Saints nickel project near Kalgoorlie in Western Australia.

Auroch Minerals has completed DHEM modelling for 11 diamond drill-holes it conducted at Saints in 2019, from which it has modelled strong to very strong conductive plates for the majority of the drill-holes.

Several of these strong off-hole DHEM conductors have not been tested by any drilling and are set to become drill targets for the next phase of diamond drilling, planned to commence later this quarter.

The company has received further assay results for drill-holes SNDD007 and SNDD008, which were drilled to test possible extensions to the south of the known mineralisation at Saint Andrews and the Western Contact.

SNDD007 returned encouraging results of:

6.87 metres at 0.77 per cent nickel and 0.02 per cent copper from 145m down-hole, including 1.87m at 1.47 per cent nickel and 0.03 per cent copper.

Assays are pending for the remaining three drill-holes SNDD009 to SNDD011.

“We are extremely pleased with the results from our maiden drilling programme at the Saints nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks.

“We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resources at Saint Andrews, Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.

“The results from SNDD007 have added further to the strike, and opened up the potential of further nickel sulphide mineralisation to the south of the existing resources.

“Furthermore, the DHEM surveys from our initial drilling program have provided us with several strong conductor plates that require follow-up drill-testing.

“We are currently modelling all of the new geological information provided by the drilling, in order to plan a major diamond drilling campaign that will aim to target the main ‘feeder channel’ nickel sulphide mineralisation.

“We are assaying the entire drill-holes for multi-element data to use to vector in on the possible channel position.

“We also plan to initiate an air-core drilling programme, necessary to increase confidence in the geology and stratigraphy at Saints, which again is extremely important for targeting possible massive nickel sulphide channel mineralisation.

“We have been granted the work permit for the air-core program and will commence shortly.

“We will continue to update our geological model as new data is received, which along with the DHEM models and other geophysical data, will provide the basis for a major diamond drilling program to commence later this quarter, aimed at materially increase the existing nickel sulphide resource estimate at Saints.”

In addition to the planned drilling program at Saints, Auroch indicated it has plans to initiate a drilling program this quarter at the company’s Leinster nickel project to test the Valdez target, a large EM anomaly coincident with nickeliferous ultramafics along strike from the Waterloo nickel deposit.

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com