Alicanto Minerals Identifies New Targets at Wolf Mountain

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THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Alicanto Miinerals declared the new hydrothermal mineralised system at Wolf Mountain to be prospective for copper-gold mineralisation after rock chip results returned up to 11.9 per cent copper across four separate mapped mineralised trends that intermittently outcrop through shallow glacial till cover over one kilometre of strike and are completely open.

The company explained the high-grade rock chips were previously believed to be part of a wide system of copper stringers feeding VMS deposits in the vicinity.

However, it now considers the copper stringers are most likely part of a large scale greater than-14-kilometre hydrothermal system with similar characteristics to the Aitik copper-gold mine in Northern Sweden.

Alicanto currently has 1000 metres of maiden diamond drill testing of multiple high-grade copper, zinc and gold targets underway at:

Naverberg where multiple untested targets identified from high-grade rock chips of 26.1 per cent zinc, 13.5 per cent lead and 2.8 per cent copper; and

Oxberg where multiple undrilled targets were identified by rock chips up to 9.4 per cent zinc, 11.9 per cent copper and 3.7 per cent lead.

“The Bergslagen Mining District is world famous for producing large scale and high-grade VMS style copper-gold deposits,” Alicanto Minerals chief executive officer Peter George said in the company’s announcement to the Australian Securities Exchange.

“With the intensive work that our exploration team has done on the ground in the last few months at Naverberg and Oxberg and interrogating the research undertaken in the past by others – we now believe that we have identified a previously unrecognised, large-scale hydrothermal system greater than 14 kilometres long at Wolf Mountain prospect, prospective for high-grade and bulk-tonnage copper-gold, which has overprinted part of the Western extents of our Naverberg and Oxberg projects.

“The Wolf Mountain system appears to have occurred some 20 million years after the formation of the limestone ore horizon hosting the VMS deposits (as previously reported by Alicanto), and has been made possible through the re-mobilisation of the same structures that formed the VMS deposits.

“Our research has discovered that in the past, it was believed that the high-grade copper occurrences at Wolf Mountain prospect were part of the stringer systems feeding VMS deposits at Oxberg and Naverberg – given the presence of the metals, minerals and structures that we have now found at Wolf Mountain this shows many similarities with the same occurrences at the world famous Aitik copper-gold mine (in Sweden’s north) which produces over 39 million tonnes of ore per annum.”

Alicanto indicated it intends to complete its maiden 1000 metres of drilling on its initial targets on its Sweden projects this quarter.

It also aims to complete ground geophysical programs including IP that are proposed for the newly identified Wolf Mountain target area to commence over the coming weeks.

 

Email: admin@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Auroch Minerals Intercepts More Saints Nickel

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released assay results from the first six drill-holes from the first drilling program to be carried out at the company’s recently-acquired Saints nickel project, located near Kalgoorlie in Western Australia.

Auroch Minerals said the results from semi-massive to massive sulphide mineralisation intersected in several of the diamond drillholes returned extremely high-grade nickel, particularly at the Saint Patricks target area.

The best of these came from hole SNDD006 that returned high-grade results of:

2.22 metres at 4.84 per cent nickel, 0.34 per cent copper and 0.15 per cent cobalt from 110.68m down-hole, including 0.9m at 6.01 per cent nickel, 0.31 per cent copper and 0.16 per cent cobalt.

These results followed on from recently announced high-grade results achieved in drill-hole SNDD005 of:

1.77m at 6.72 per cent nickel, 0.27 per cent copper and 0.13 per cent cobalt from 227.31m down-hole, including 0.50m at 9.98 per cent nickel, 0.24 per cent copper and 0.2 per cent cobalt.

The company reported that drill-hole SNDD003 targeted a DHEM target to the north of the existing nickel sulphide mineralisation at Saint Patricks and intersected:

1.87m at 1.09 per cent nickel, 0.08 per cent copper and 0.04 per cent cobalt from 92m down-hole, including 0.47m at 2.74 per cent nickel, 0.26 per cent copper and 0.08 per cent cobalt.

This result added approximately 30m to the strike of known nickel sulphide mineralisation at Saint Patricks, and remains open to the north.

Drill-hole SNDD002 also targeted a DHEM plate down-plunge of the existing nickel sulphide mineralisation at the Western Contact and intersected:

3.31m at 1.05 per cent nickel, 0.06 per cent copper and 0.03 per cent cobalt from 219.9m down-hole, including 1.7m at 1.48 per cent nickel, 0.1 per cent copper and 0.05 per cent cobalt, approximately 40m further down-plunge from the limit of the existing nickel sulphide resource.

“We are extremely pleased with the results from the first six drill-holes of our maiden drilling program 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 extremely 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 resource at both Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.

“Importantly, the results have shown that strong DHEM conductors are consistently coincident with semi-massive and massive nickel sulphide mineralisation, thus confirming DHEM as an excellent exploration tool at Saints.

“The DHEM surveys from the first six drill-holes have all provided us with several strong conductor plates that require follow-up drill-testing.

“This initial drilling program was designed to confirm the existing nickel sulphide mineralisation and to develop new targets for a more extensive drilling program early in 2020, and the first results have shown that we have successfully achieved this.

“The drilling is ongoing with two holes (SNDD010 and SNDD011) left to complete, after which we will undertake DHEM surveys on the remaining drill-holes that were not yet surveyed.

“We also have assay results pending from drill-hole SNDD007 onwards, all of which will be announced to the market as they are received.”

Auroch has also completed down-hole electromagnetic (DHEM) surveys for the first six holes of the current drilling program with all identifying strong EM conductors.

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Ardiden Identifies New Pickle Lake Gold Targets

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THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has identified several priority targets for gold mineralisation at the West Pickle prospect, part of the company’s 100 per cent-owned Pickle Lake gold project in Ontario, Canada.

Ardiden identified the new targets by way of an airborne geophysical survey.

The company has also completed a review of available historical drilling data at the adjacent South Limb prospect, from which it has identified several high-grade shallow mineralised intercepts which it plans to drill test this winter for potential gold mineralisation extensions at depth.

West Pickle and South Limb are two of four main gold prospects comprising the Pickle Lake gold project, which also includes the Kasagiminnis deposit and Dorothy-Dobie prospect.

Although it is situated directly along strike of the high-grade Central Patricia and Pickle Crow gold mining centres, the West Pickle area has surprisingly received very little exploration attention to date.

Ardiden was eager to point out the geophysical survey it has completed highlighted hidden structural discontinuities and multiple possible conduits for hydrothermal fluids at West Pickle including:

Two large and highly conductive geophysical responses detected at West Pickle in proximity to iron formations. Strong conductors are typically associated with pyrrhotite and gold mineralisation along strike at the Central Patricia Mine.

Multiple magnetic lows identified at West Pickle in prospective Iron Formations. Magnetic lows can indicate that gold-mineralising fluids may have altered the rock.

The West Pickle area is structurally complex with folding and faulting discontinuities over the entire 5km strike of property, providing a number of prospective geological settings for gold mineralisation.

The company said the geophysical survey will greatly assist in its planning of ongoing exploration work and identification of potential high-grade gold drill targets.

“The identification of these new targets at Pickle Lake underscores our commitment to add to the quality gold resources announced at Kasagimminis,” Ardiden CEO Rob Longley said in the company’s announcement to the Australian Securities Exchange.

“Our geophysical survey has successfully delivered targets and aligns with our planned drilling approach in 2020.

“We have a good mix of known gold deposits, anomalous gold prospects and untested yet highly-prospective ground, so our opportunities for resource growth and new discoveries are really exciting as well as the opportunities of aggregation of gold-prospective land holdings within the Pickle Lake area.”

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

Corazon Mining to Commence Drilling at Lynn Lake

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced plans for drilling to be carried out at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining has completed an extensive targeting program focusing on areas surrounding the many historic mines within the project.

The work the company has completed has incorporated the analysis and integration of multiple historical exploration datasets, combined with modern geophysical processing technologies.

Corazon has now identified several high-priority drill targets and now has preparations for drilling these targets underway.

Permits for drilling have been granted by the Provincial Government of Manitoba and a drilling contractor has been engaged and Corazon intends to commence drilling as soon as possible.

Drill Targets Identified Priority Lynn Lake Mine Area drill targets include:

Near-surface mineralisation;
Areas on-trend from historical mines; and
Areas adjacent to Corazon’s existing resources.

In addition, several new high-potential areas that are geophysically analogous to previously mined areas have been defined within the Lynn Lake Mining Centre.

Corazon has taken a strategic review of the Lynn Lake project on the back of the recent recovery in the price of nickel.

The company has consolidated the entire Lynn Lake nickel camp and its extensive historical datasets, which includes more than 75 years of exploration and 24 years of mining information.

Corazon is the first company to gain control of the entire Lynn Lake nickel camp since mine closure in 1976; in doing so, Corazon believes it has created the opportunity to compete detailed interrogation and targeting within the mine area and across the wider project area.

“Substantial mineral resources have been defined within the historic mining centre and good opportunity exists to add to the resource base from exploration within well-defined mineralised corridors,” Corazon Mining said in its ASX announcment.

“With little modern exploration undertaken to date, the opportunity for further discoveries within the Lynn Lake mining centre is substantial.

“Exploration in recent years has highlighted the project’s potential, with discoveries made by several companies including Western Areas (ASX: WSA), Independent Nickel (TSX: INI) and Corazon.”

Lynn Lake’s current JORC-compliant resource identifies 110,300 tonnes of nickel metal, along with 51,400 tonnes of copper and 5,200 tonnes of cobalt.

 

Email: info@corazon.com.au

Web: www.corazon.com.au

 

Near surface high-grade results from Dazzler drilling

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) recently completed infill and step-out reverse circulation (RC) drilling at the Dazzler prospect, part of the company’s Browns Range project in the East Kimberley region of Western Australia.

Northern Minerals has received high-grade assay results for the first 12 (BRDR0037-0048) of the 51 drill holes it completed at Dazzler in September that included intercepts from surface of up to 7.71 per cent total rare earth oxides (TREO), including 7,502ppm dysprosium.

The company explained the drilling program was designed to step-out to the north of the previous drilling in order to update the existing Mineral Resource at Dazzler that has been estimated at 144,000 tonnes at 2.23 per cent TREO comprising 3.2 million kilograms TREO using a cut-off grade of 0.15 per cent TREO.

Northern Minerals said it considers the latest results to be of note as many of the intercepts occur at or near the surface, increasing the potential for a low operating cost operation.

It will now use the results achieved from the latest round of drilling to update the Mineral Resource Estimate which it anticipates will be completed in January 2020.

The Dazzler deposit is located less than 15 kilometres from the Browns Range pilot plant on the edge of a small scarp slope.

Further RC drilling at Browns Range is set to commence anon, with exploration and resource definition drilling planned at several different deposits and targets.

“We continue to be impressed and enthusiastic about the potential of Dazzler,” Northern Minerals managing director and CEO, George Bauk said in the company’s announcement to the Australian Securities Exchange.

“As with all mineral deposits ‘grade is king’ and these results continue to deliver on the upside.

“We will now commence updating the Mineral Resource Estimate and investigate mining studies for Dazzler.”

Other recent activities have included mineralogy on four composites at Nagrom from PQ diamond core that was drilled at the Dazzler deposit in May that were made up from four distinct ore bands observed in the core.

These bands varied from three to 13 per cent TREO.

Ore sorting work on coarse fractions of the composites has indicated that these can be effectively sorted.

The test work program at Nagrom has focused on the beneficiation steps of the process, with crushing, scrubbing, grind size optimization and magnetic separation test work completed on the four composites.

The friable portion of the Dazzler material breaks down by scrubbing, with 50 per cent of the ore reporting to the less than 10mm size fraction and this is generally upgraded in rare earths.

Sighter magnetic separation work has been promising.

Flotation and bake tests are planned, and samples will be prepared for environmental test work and radionuclide deportment studies.

 

Email: info@northernminerals.com.au

 

Web: www.northernminerals.com.au

 

St George Mining Drills Deeper for Thicker Intercepts

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) confirmed further extensions of high-grade mineralisation at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

St George Mining completed hole MAD172 to test the first of seven electromagnetic (EM) conductors it has identified so far by downhole EM (DHEM) surveys in recently completed deeper stratigraphic holes along the Cathedrals Belt.

The company said the EM plate targeted by MAD172 is modelled with conductivity of 25,000 Siemens and was predicted to be intersected at 260 metres downhole.

Instead, MAD172 intersected thick nickel-copper sulphides from 242.5m to 259.78m downhole.

The company considers the disseminated and blebby sulphides intersected by MAD172 to be consistent with mineralisation found close to massive sulphide deposits, supporting the potential for more substantial mineralisation nearby.

“Deeper drilling has already confirmed significant down-plunge extensions of the mineralised ultramafic and now – with MAD172 – we have seen the deepest intersection of nickel-copper sulphides at the Cathedrals Belt to date,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The thickness of the mineralised intercept and the style of mineralisation support the potential for further high-grade mineralisation to be present in this area.

“Under the intrusive geological model for the Cathedrals Belt, the larger deposits of mineralisation are likely to be at deeper levels than explored to date, so it is very exciting to see the thickness of nickel-copper sulphides increasing with depth.

“We are increasingly confident that ongoing drilling could discover further significant nickel-copper sulphides down-plunge of the shallow high-grade deposits already established at the Cathedrals Belt.”

 

Web: www.stgm.com.au

 

Meteoric Resources Encounters Visible Gold in First Novo Astro Hole

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) was champing at the bit to inform the market of recent developments from recently commenced drilling at the company’s 100 per cent-owned Novo Astro gold project in Brazil.

Meteoric Resources reported on the two holes at the Novo Astro project (NADD001 and NADD002) that were drilled into the José target, at the western end of a five-kilometre long mineralised corridor defined by historic Garimpeiro pits and rock chip samples.

NADD001 targeted mineralisation and veining sampled at the eastern end of the José Pit and was drilled to a depth of 135 metres, intersecting three zones of moderate to strong sericite‐pyrite alteration at 52.5m to 54.1m, 70.2m to 80.1m and 118.7m to 120.1m in porphyritic granite.

The deepest zone contained fine visible gold and corresponds with the projection of the high‐grade mineralisation and veining within the pit.

NADD002 targeted another mineralised corridor below the José Pit and intersected a 56m zone at 134m to 190m of variably sheared and altered porphyritic granite.

Meteroic identified two zones of 7m and 8m thickness, which show intense sericite and pyrite alteration at 134.2m to 141.6m and 182.m to 190.0m respectively.

“Novo Astro is a giant Garimpeiro mining centre that was very active in the 1980s which continues to be the site of small‐scale mining even today,” Metreoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“Over the years a considerable body of work has been compiled at Novo Astro by previous explorers including pit sampling, geological mapping, soil geochemistry and selective rock chip sampling.

“However, until Meteoric, it had NEVER been drilled.

“We are delighted to be the team that drilled the first hole into Novo and we are excited that our first drill hole has intersected visible gold.

“The visible gold was only noted after cutting the core in preparation for assaying.

“The presence of gold in the core confirms mineralisation and veining continues at depth beneath historic workings.

“This is just the beginning of our exploration at Novo Astro and we have abundant targets to test and holes to drill.

“To advance the program, a second diamond drill rig was mobilised from Juruena to Novo Astro last week.

“As a geologist and explorer, the first holes into a new project is always one of the most exciting times in the life of an exploration program and I look forward to bringing assay results to the market as they become available from late November.”

 

Web: www.meteoric.com.au

 

Indiana Resources Kicks Off Mali Soil Sampling Program

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THE DRILL SERGEANT: Indiana Resources (ASX: IDA) announced the commencement of a comprehensive soil geochemistry program at the company’s Saboussire gold prospect in Western Mali.

Indiana Resources has an Earn-In Agreement in place, through its wholly-owned subsidiary Mukuyu Resources Limited, with FIMOCO SARL, under which Indiana has the option to acquire an eventual 85 per cent stake in Saboussire.

The Saboussire licence covers an area of 100 square kilometres of the Main Transcurrent Zone, immediately north of the Kossanto West license.

Indiana explained the Main Transcurrent Zone is interpreted to be one of the major structures which controls mineralisation in Western Mali and Eastern Senegal and is considered by the company to be an excellent geological and structural location, within the highly prospective Kenieba Inlier of Western Mali, which is known to host a number of multi-million ounce gold deposits, including the Loulou 12.5 million ounce deposit (Barrick Gold) and the Sabodala six million ounce deposit (Teranga Gold).

Indiana has designed the soil geochemistry program to test and extend existing Government soil sample anomalies on the licence, extend soil sampling from the adjacent Kossanto West licence and test the strike extent of a strong mineralised trend identified at Kossanto and further south at Koussikoto.

The program will focus on three high-priority zones on the Saboussire licence.

“Historically Saboussire has had very little modern and systematic exploration activities and this program represents the first phase of proposed activities for the licence,” Indiana Resources said in its ASX announcement.

“The soil geochemistry has been designed to test and extend existing Government soils sample anomalies on the licence and extend soil sampling from the adjacent Kossanto West licence.

“It is anticipated the soil geochemical program will take approximately two weeks to complete in the field.

“Future planned activities at Saboussire include rock chip sampling, and mapping of all outcrop and existing artisanal activity also during the current field season.”

 

Web: www.indianaresources.com.au

 

EMU Kicks Off Fully-Funded Exploration Program

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THE DRILL SERGEANT: EMU (ASX: EMU) commenced its 2019/2020 on-ground prospecting campaign at the company’s Elevado project in Maricunga, Chile in October.

EMU declared its intentions to continue to explore for gold and silver building on discoveries it has already claimed at the project.

The company indicated the prospecting program will cover previously identified prospects as well as other areas within the wider regional area of the Elevado project and are to include rock chip and soil sampling activities directed at developing drilling targets.

A program of diamond drilling is scheduled to commence at Elevado anon, which has been planned to include approximately 1800 metres of diamond drilling comprising four holes to test depth extensions of near-surface mineralisation, particularly around and below the recent ‘Discovery hole’ in Vidalita, and IP geophysical targets at NEPlains prospect.

EMU aims to complete the diamond drilling before Christmas and follow it, commencing January 2020, with approximately 6000m of aircore drilling at Vidalita and regional targets.

“EMU awarded preferred contractor status and is preparing the drilling contract with Synergy Drilling, a locally based, diamond drilling specialist, following a rigorous selection process,” the company said in its ASX announcement.

“Significantly, drilling activities at Elevado will be overseen and managed by an Australian drilling services contractor appointed by EMU for the duration of drilling.

“The contractor, who comes with excellent global experience and credentials has been endorsed by the Australian exploration drilling community.

“A key mandate for the appointment will be to guide the conversion of a suitable drill rig for the aircore phase of drilling.”

From September, EMU raised $5,265,313 that the company believes will ensure its 2019/20 program is fully funded.

 

Email: info@emunl.com.au

Web: www.emunl.com.au

 

Red 5 Continues Drilling Success at King of The Hills

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) declared a boost for its strategy to develop a stand-alone bulk mining operation at the company’s King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia.

Red 5 reported the boost had come in the form of additional assay results from ongoing underground diamond drilling.

The company completed a 30,000-metre underground diamond drilling program between November 2018 and June 2019, designed to in-fill and extend the current KOTH Mineral Resource totalling 3.1 million ounces of contained gold.

A second and third underground rig commenced on site during the September 2019 Quarter to continue the Resource development program and target the potential for further mineralisation.

These additional rigs brought the company’s expected total underground drilling for FY2020 to 85,000 metres with the program aimed at converting as much of the existing underground Resource into Reserves as possible for the Final Feasibility Study, due in the September 2020 Quarter.

The drilling was also charged with the reassessment of the final pit shape to determine whether more of the underground could be included in the pit due to grade uplift in both the South and North, and extension of the underground Resource along strike and down dip.

The latest results Red 5 has achieved include broad ‘whole-of-hole’ intercepts including:

107.1 metres at 2 grams per tonne gold and 61m at 4.8g/t gold.

High-grade assays were also received, including:

47.9m at 4.1g/t gold and 11.2m at 22.5g/t gold.

The company said the ongoing in-fill drilling continues to reinforce the continuity and tenor of stockwork development at the King of the Hills (KOTH) gold mine, supporting the potential for an open pit mine and strengthening the case for bulk underground mining using long-hole stoping.

“These excellent results not only support our ongoing studies for a proposed bulk open pit operation at King of the Hills but also confirming the strong potential to expand the current 3.1 million-ounce Resource, which is currently open in all directions,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“We have a very active drilling program scheduled for the remainder of FY2020, with 85,000 metres of underground diamond drilling in progress, as well as ongoing assaying of historical drill core and a regional drilling program targeting near surface oxide mineralisation.

“Collectively, these programs will underpin future updates to the KOTH Resource and feed into the ongoing Final Feasibility Study for the integrated bulk open pit and underground mining operation which is scheduled for completion by the September 2020 Quarter.”

 

Email: info@red5limited.com

Web: www.red5limited.com