Matsa Resources Records Multiple Gold Hits at Red October

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) declared multiple intersections of very high-grade gold from recent drilling undertaken at the company’s Red October gold project in the Eastern Goldfields of Western Australia.

Matsa Resources completed 11 underground diamond drill holes, for a total of 1,451 metres focussing on extensions in the main mining area (ROSZ North).

The company said the gold assays produced confirm the high-grade potential of the Red October gold mine.

Gold intercepts for new zones include:

2.5 metres at 48.7 grams per tonne gold; and
2.55m at 4.89g/t gold.

Additional Red October Shear Zone (ROSZ) intercepts include:

6m at 2.21g/t gold; and
4.4m at 3.3g/t gold.

“We can again prove that substantial new mining opportunities remain at the Red October gold project,”

“The results achieved by this drilling program are extremely exciting for the company.

“Our belief continues to be, that substantial gold zones remain undiscovered and abundant opportunities exist to develop a long term, highly rewarding, underground gold mining operation at Red October.

“This belief was the core reason we acquired Red October.

“We will enthusiastically continue to grow and develop Red October and we expect many more exciting results.”

 

Email: reception@matsa.com.au

Web: www.matsa.com.au

 

Encounter Resources Generates New Paterson Province Copper Targets

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THE DRILL SERGEANT: Encounter Resources (ASX ENR) has recently completed the application of advanced exploration technologies at the company’s Yeneena copper-cobalt project in the Paterson Province of Western Australia.

Encounter Resources, in collaboration with Independence Group (ASX: IGO) conducted a large scale (approx. 100-line km) magnetotelluric (MT) survey at the Yeneena project.

The MT survey was part of the company’s 2019 program that was designed to define the 3D geology and identify large scale copper targets by applying several advanced exploration technologies for the first time at the Yeneena project including:

The large-scale (MT) survey to better define the Yeneena basin architecture and further advance 3D target definition;

Detailed 3D audio-magnetotelluric (AMT) inversion modelling over the Aria iron oxide copper-gold prospect in order to better define possible conductive zones associated with significant Cu sulphide mineralisation;

End-of-hole trace multi-element geochemistry of historical AC drilling to define alteration footprints of copper deposits and the host rocks, which remains in progress; and

Application of new surface geochemistry techniques to detect base metal anomalies through shallow sand cover, the trial phase of which is complete with follow up sampling programs in progress.

The work completed to date has generated a suite of new copper targets at Yeneena.

“The Paterson Province is a highly fertile district with enormous potential for new copper discoveries under thin sand cover,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“Applying new technologies is providing us with an improved understanding of the geological framework in areas where we have already drilled high grade copper mineralisation.

“These new targets generated are now being integrated and refined to be ready for drilling in the 2020 field season.”

The Yeneena project is an alliance between Independence Group and Encounter, under which IGO may, at any time before 1 March 2020, elect to enter an earn-in agreement to spend up to $15 million to earn a 70 per cent interest in the project.

The Yeneena project was recently expanded by 20 per cent through an option agreement completed covering 235 square kilometres of ground adjacent to Yeneena.

 

Email: contact@enrl.com.au

Web: www.enrl.com.au

 

Peel Mining Identifies New Southern Nights Mineralised Zone

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) claimed discovery of a new high-grade zone to the south of the Southern Nights deposit at the company’s 100 per cent-owned Wagga Tank-Southern Nights project, located south of Cobar in western New South Wales.

Peel Mining reported the discovery was made during an ongoing resource upgrade drilling program underway at Wagga Tank-Southern that had been primarily designed to develop higher confidence resources and to progress the project towards development.

The company said the new high-grade zone was encountered around 500 metres south of the high-grade Southern Nights Central Zone in an area that has been subjected to limited drilling, near the boundary of the existing resource model.

Drillholes WTRCDD229 and WTRCDDD238 intercepted healthy zones of very high-grade zinc and lead mineralisation, which the company said were similar to the intercepts returned from the Southern Nights Central Zone.

“The new high-grade intercepts at the southern edge of Southern Nights continue to underline the incredible quality and scale of these mineral systems,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“The latest intercepts are on the edge of the current resource model offering excellent exploration upside.

“Most importantly, this mineralisation adds further weight to the future development prospects of the project, highlighting the opportunity to increase the grade and tonnage profile of the deposit.”

Elsewhere at Southern Nights, Peel received results from several drillholes targeting infill and extensions at the northern end of the Southern Nights Central Zone.

WTRCDD186 returned several zones of mineralisation including:

10.66 metres at 4.27 per cent zinc, 1.32 per cent lead, 242 grams per tonne silver, 0.24g/t gold from 390.11m, including 5.22m at 7.39 per cent zinc, 2.25 per cent lead, 454g/t silver, 0.44g/t gold from 390.11m.

WTRCDD221 also returned several zones of mineralisation including:

6.6m at 4.37 per cent zinc, 2.02 per cent lead, 26g/t silver and 0.13g/t gold from 367.9m; and
6.04m at 3.89 per cent zinc, 0.23 per cent lead, 0.21 per cent copper, 10g/t silver and 0.46g/t gold from 381.46m.

Drilling at Wagga Tank was carried out to test for north-south extensions to the existing resource, shallower up-dip extensions to the resource, and also to provide infill drilling to improve the confidence of the resource.

The company said results it has received to date generally confirm the grade and continuity of mineralisation, and the modelled geometry of the deposit.

WTRCDD214 returned several zones of mineralisation including:

18.6m at 1.1 per cent copper, 0.32g/t gold from 124.4m, including 9m at 1.7 per cent copper, 0.39g/t gold from 134m; and
2m at 4.44g/t gold, 0.85 per cent copper, 20g/t silver from 275m.

 

Email: info@peelmining.com.au

Web: www.peelmining.com.au

 

Stavely Minerals Expands Thursday’s Gossan Mineralisation

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) received assay results for further diamond drill holes undertaken at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely Minerals declared that results from holes SMD054, SMD056 and SMD058, together with indications from ongoing drilling, continue to confirm and extend the shallow high-grade copper-gold discovery at the Thursday’s Gossan prospect.

Diamond hole SMD054, located 40 metres along strike to the north-west of discovery hole SMD050, returned high-grade assay results of:

11 metres at 4.62 per cent copper, 0.57 grams per tonne gold and 25g/t silver from 86m down-hole, including 7m at 7.10 per cent copper, 0.72g/t gold and 39g/t silver from 90m down-hole, including 3m at 10.87 per cent copper, 0.67g/t gold and 52g/t silver from 92m down-hole.

Drill hole SMD054 also intercepted another overlapping interval of nickel mineralisation, returning:

5m at 1.42 per cent nickel and 0.05 per cent cobalt from 96m down-hole.

Diamond hole SMD058, located between discovery holes SMD050 and the first step-out hole SMD051, intersected a broader zone of mineralisation:

23m at 1.34 per cent copper, 0.26g/t gold and 3.5g/t silver from 68m down-hole, including 3m at 6.33 per cent copper, 0.27g/t gold and 2.9g/t silver from 88m down-hole.

Diamond hole SMD056, targeted 40m below the discovery hole SMD050, did not reach target depth due to the drill rods breaking but still intersected encouraging mineralisation, including:

8.3m at 1.65 per cent copper, 0.23g/t gold and 7.2g/t silver from 157m down-hole, including 3m at 3.75 per cent copper, 0.25g/t gold and 10.2g/t silver from 157m down-hole; and

3m at 1.68 per cent copper, 0.18g/t gold and 8g/t silver from 79m down-hole.

Stavely has observed visuals from recently completed in-fill drill holes SMD059 and SMD060, located 160m and 120m south of SMD050 respectively, that it claims indicate thick, well-developed mineralised intervals.

Assays for these holes are pending.

The company is soon to commence drilling to test 100m of strike between SMD054 and historical hole SNDD001, which if successful could confirm the discovery of a strike length of over 500m.

“We are pleased that ongoing drilling continues to intersect well-developed, high-grade copper-gold-silver mineralisation with the added bonus of some quite unusual nickel-cobalt mineralisation,” Stavely Minerals executive chairman Chris Cairns said in the company’s announcement to the Australian Securities Exchange.

“As expected, we continue to see variation in widths and grade along the strike length of the discovery, but overall the picture is continuing to build strongly.

“In terms of the down-dip continuity, we still have an incomplete picture but the early indications are extremely encouraging.

“Of particular note from our recent drilling is that the visual observation of the mineralisation in SMD059 suggests that it extends beneath the low-angle structure (LAS).

“This provides encouragement that mineralisation does extend below the LAS and the depth potential of high-grade mineralisation is therefore not constrained by this structure.

“This opens up the entire discovery – and indeed the broader area below the shallow chalcocite blanket – quite significantly and represents a tantalising proposition.”

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

Musgrave Minerals Intersects High-Grades at Mainland

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at Mainland on the company’s Cue gold project in Western Australia, where it has an option agreement to acquire 100 per cent of the basement gold rights.

Musgrave Minerals recently completed RC drilling that intersected high-grade gold at the Consols prospect at Mainland including:

19MORC018
12 metres at 8.1 grams per tonne gold from 108m down hole, including 6m at 14.2g/t gold from 114m;

19MORC019
2m at 55.4g/t gold from 52m down hole, including 1m at 108.3g/t gold from 52m; and

19MORC020
3m at 5.2g/t gold from 73m down hole.

The results have extended gold mineralisation at the Consols prospect along strike and down dip from the company’s initial drill program that intersected:

19MORC008
3m at 5.4g/t gold from 74m.

Consols remains open and untested along strike and at depth.

“This is a great early result at Mainland and supports the company’s view that there are significant gold discoveries still to be made in the Murchison,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“These early results are not dissimilar to the early results at Break of Day with the gold mineralisation remaining open to the west and down dip.

“Mainland has a long history of alluvial gold production and to discover a basement source for some of this historical production is a significant step forward.”

Musgrave Minerals indicated it was expecting further assay results for extensional drilling at Break of Day and Lena in mid-December following completion of the recent RC drilling program.

Meanwhile diamond drilling is underway at Lake Austin North as part of the Evolution (ASX: EVN) Joint Venture.

The Mainland area is excluded from the Earn-in and Exploration Joint Venture with Evolution Mining.

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Corazon Mining Adds Further Nickel to Lynn Lake Resource

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced an upgraded Mineral Resource Estimate for the comapy’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.

Corazon Mining reported the current total Resource Estimate includes just six deposits within the Lynn Lake Mining Centre, with multiple additional areas of mineralisation yet to be evaluated as potential additions to the Resource base.

The upgraded Resource includes:

16.3 million tonnes at 0.72 per cent nickel, 0.33 per cent copper, 0.033 per cent cobalt (Indicated and Inferred, at a 0.5% Ni cut-off), for total contained metal of 116,800 tonnes of nickel, 54,300 tonnes of copper, and 5,300 tonnes of cobalt.

The upgraded Resource includes an internal high-grade Resource Estimate of:

5.4 million tonnes at 0.99 per cent nickel, 0.41 per cent copper, 0.043 per cent cobalt (Indicated & Inferred, 0.7%Ni cut-off) of high-grade material.

“Corazon now has almost 117,000 tonnes of nickel metal in sulphide Resource sitting in one of the best mining provinces in Canada,” Corazon Mining chairman Terry Streeter said in the company’s announcement to the Australian Securities Exchange.

“All indications are that this will be further expanded.

“We’ve a drill rig on site setting up on targets recently generated in and around the Mining Centre.

“The forecasts for Class 1 nickel demand is quite strong and we are keen for Lynn Lake to be in a position to take advantage of that market.”

Corazon declared the Mineral Resource Estimate to be of a very high quality that is well supported by drilling and historical mining data.

The company anticpates very little additional verification drilling and sampling will be required to upgrade the majority of the defined tonnages in the Resource to the higher Measured category.

The estimation has focused on the EL, N, O, P, Disco and Golf deposits within the Mining Centre.

The nickel sulphide deposits are close to each other, with the EL, N and O deposits having been subjected to historical mining and development.

The Golf deposit was drilled out just prior to mine closure and the Disco deposit was discovered in 2008, well after mine closure in 1976.

Lynn Lake hosts additional deposits, as well as numerous occurrences of drill-defined mineralisation, that are yet to be considered for resource studies.

These areas support the potential for further upgrades to Lynn Lake’s Mineral Resource.

The Lynn Lake deposits provide the opportunity for mining using large tonnage, low cost methods.

The historical mined grades at the A Plug were approximately 0.86 per cent and 0.44 per cent copper with the higher-grade EL Plug being mined at 2.5 per cent nickel and 1.15 per cent copper.

The company claimed the new Resource Estimate grades are consistent with the tenor of mineralisation previously mined at Lynn Lake.

 

Email: info@corazon.com.au

Web: www.corazon.com.au

 

Ardea Resources Set to Drill at Mulga Plum Gold Deposit

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported that rock chip sampling of old workings spoil and sporadic outcrop at the company’s Mulga Plum gold prospect in Western Australia has confirmed gold mineralisation over an area of at least 200 square metres.

Ardea Resources identified the mineralisation as mostly vein-hosted, up to 17.1 grams per tonne gold in selective quartz lode material.

The company said from all the rock types assessed it achieved an average grade of 1.8g/t gold for all samples taken, which it interpreted to suggest bulk tonnage potential from what is a dominantly granite host.

Ardea explained it is evaluating Mulga Plum as a bulk-tonnage gold system as part of its broader aim to prove up and mine gold from its suite of projects near the Goongarrie nickel cobalt project (GNCP) in WA.

“The results confirm historic grab sample results in government archives recording similarly high-grades in quartz veining within the granite and bimodal volcanic sequence at Mulga Plum,” Ardea Resources said in its ASX announcement.

The company indicated it would now proceed with first pass drill evaluation of the project covering both Mulga Plum and Plum Pudding prospects comprising 26 angled RC holes for 1,420m of drilling.

“This initial program will provide adequate data to assess the bulk gold mineralisation potential at depth, to determine the controls on gold mineralisation and potential project scale,” the company said.

“Positive evaluation of the Mulga Plum project following this first round of drilling will prompt additional drilling in these inaccessible areas that will require some earth moving for rig access.

“A second phase of drilling will most likely also test lateral and depth extensions should mineralisation prove to be open in any direction.”

 

Email: ardea@ardearesources.com.au

Web: www.ardearesources.com.au

 

Pantoro Confirms High-Grade Mineralisation at Gladstone-Everlasting

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THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) released initial drilling results from the Gladstone-Everlasting deposit (Gladstone) at the company’s 50 per cent-owned Norseman gold project in Western Australia.

Pantoro has been drilling at the Gladstone deposit since September 2019 and has completed approximately 5,500 metres of the planed 8,000 metre RC and Diamond drilling program to date.

Drilling in and around the existing Mineral Resource has confirmed continuity of mineralisation with better intercepts to date including:

4 metres at 8.26 grams per tonne gold, including 2m at 14.23g/t gold;
2m at 11.42 g/t gold;
2m at 3.38 g/t gold;
1m at 6.06 g/t gold;
1m at 5.90 g/t gold;
1m at 20.3 g/t gold;
3m at 9.95 g/t gold;
3m at 6.95 g/t gold, including 1m at 11.17 g/t gold;
1.4m at 15.62 g/t gold; and
15m at 4.58 g/t gold, including 6m at 9.27 g/t gold.

“Drilling has progressed as expected at Norseman and these latest results from Gladstone-Everlasting again highlighting the high-quality near-term production opportunities already existing within the project,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“To date, we have released results from Princess Royal/Slippers, Daisy South and now Gladstone Everlasting.

“All areas tested to date have met or exceeded our expectations.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

Carawine Resources Drilling at Victorian Gold-Copper Project Deposit

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has commenced diamond drilling at the company’s 100 per cent-owned Jamieson project in northeast Victoria that hosts the Hill 800 and Rhyolite Creek prospects.

Carawine Resources indicated the drilling program will initially target down-dip extensions of gold and copper mineralisation at Hill 800 approximately 80 metres and 160 metres below the current limit of drilling, before targeting nearby magnetic anomalies for potential porphyry systems beneath and adjacent to Hill 800.

First assay results are expected early in Q1 2020.

“In the time since we last drilled a hole at Hill 800, we have established an exciting new link between mineralisation at Hill 800 and the potential for large gold-copper porphyry systems at the Jamieson project,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Excahnge.

“We’ve also completed a share placement raising $3 million and finalised two joint ventures with Rio Tinto Exploration Pty Limited and FMG Resources Pty Ltd over our Paterson project tenements in Western Australia.

“We are well funded and in a terrific position to commence a busy exploration program at the Jamieson project.”

The initial phase of diamond drilling at Hill 800 is planned to comprise five to six holes, targeting down-dip of known mineralisation.

A second phase of diamond drilling program to target nearby, deeper porphyry targets will follow that the company expects to commence during Q1 2020.

The design of this program is in progress, with the results of a recently completed detailed geophysical survey to be used to define and prioritise drill targets.

The company is waiting on results of a recent helicopter-borne magnetic survey over the Jamieson project that was four times more detailed than the regional magnetic survey.

Carawine expects it will enable defining of targets with sufficient accuracy to allow direct drill testing for the Q1 2020 program.

Carawine said the Mineral Resource estimate for Hill 800 is progressing with its independent resource consultants informing the company it can be expected to be finalised after completion of the current drilling program so that the results from the program can be incorporated into the estimate.

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Calidus Resources Drilling Underpins Open Pit Resource Upgrade

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the final batch of RC drilling results from inside the planned Klondyke pit at the company’s 1.25 million-ounce Warrawoona gold project in Western Australia.

Calidus Resources claimed the latest results have provided additional support of the strong grade continuity of gold mineralisation along-strike and down-dip of the planned Klondyke pit.

RC drilling inside the planned Klondyke pit has been designed to upgrade the Resource from Indicated to Measured status and will form part of the Definitive Feasibility Study (DFS) that is currently underway.

The recent activity returned more encouraging intersections, including:

19KLRC288
15 metres at 3.7 grams per tonne gold from 30m;

19KLRC284
12m at 3.93g/t gold from 19m;

19KLRC306
11m at 3.41g/t gold from surface; and

19KLRC283
12m at 3.05g/t gold from 43m.

“With all results now received for the upgrade to a Measured Resource, we have ticked another box in the de-risking and advancement of the Warrawoona gold project,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“We will now commence a review of the open pit resource model, including further optimisation.

“This will form the basis of the open pit resource upgrade targeting the March quarter of next year.

“In addition, we have received results of drilling to the east of the proposed Klondyke pit, where we have intersected some high priority areas for follow up infill drilling.”

Calidus completed an infill RC drill program to the east of the planned Klondyke pit that also returned healthy intersections, including:

19KLRC523
14m at 3.38 grams per tonne gold from 67m;

19KLRC500
5m at 6.69g/t gold from 62m; and

19KLRC522
13m at 2.18g/t gold from 31m.

Calidus has now completed all drilling it had programmed for this year’s field season with a diamond rig having completed metallurgical and geotechnical holes for the DFS.

A geophysical drillhole density logging program is underway and due for completion early December.

The company has the acquisition of detailed airborne magnetic, radiometric and digital terrain data across the tenement package is proposed for completion by mid-December.

It will now commence updating of the open pit geological model now drilling is completed.

 

Email: info@calidus.com.au

Web: www.calidus.com.au