Pioneer Resources Resumes Drilling at Dome North Lithium Group Targets

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has resumed drilling at the company’s Dome North lithium group located betwixt Kalgoorlie and the Port of Esperance in Western Australia.

Pioneer Resources is drilling at the project on a group of prospects where a suite of spodumene-pegmatites was recently discovered.

The latest drilling follows on from the company’s announcement in October of high-grade lithium drilling results from the Cade deposit.

Pioneer’s geology team has recently claimed discovery of three separate pegmatites containing the premium lithium mineral spodumene at the Northern Pioneer Dome.

First pass of drilling returned very encouraging lithium results beneath two of the pegmatites, and more recent work has highlighted four other targets for drilling.

This second drilling program will be completed in three parts:

Extensional drilling at the Cade deposit (to the North East and South) and at Spodumene Target 1;

First Pass drilling at Spodumene Target 3 where pegmatite outcrops, as well as other geochemical and geophysical targets; and

Diamond core drilling into the Cade spodumene deposit to provide samples for metallurgical testing.

In all, six targets will be tested during this campaign, with drilling expected to be completed before the end of the year with assay results expected to be available during January 2020.

“The first round of drilling, which identified the significant Cade spodumene deposit and other mineralised pegmatites, was an unqualified success,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The current drilling campaign will extend on this success, testing a range of targets generated through mapping, soil geochemistry and ground geophysics, and is designed to enable the company to get a sense of the potential scale of the project.”

Having completed its first mining operation at the Sinclair caesium mine, and now being well-funded through the sale of pollucite, Pioneer is returning to being an active explorer with its stated focus being key global demand-driven commodities to provide its next mining opportunity.

Sale of the final shipment of crushed high-grade pollucite is scheduled for the end of November.

Total sales for the period from 1 July 2019 to 31 December 2019 are expected to total approximately US$4.8 million (approx. $7 million).

From a cash perspective, Pioneer held $5.7 million in cash at the end of October and a further $1 million is expected to be received from the remaining sales of high-grade pollucite.

 

Web: www.pioreources.com.au

Marenica Energy Drills Koppies Mineralisation

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THE DRILL SERGEANT: Marenica Energy (ASX: MEY) announced assay results from a Phase 2 reconnaissance rotary air blast (RAB) drilling program on the company’s Koppies prospecting in Namibia, Africa.

Marenica Energy claimed the Phase 2 RAB drill program has identified exceptional uranium mineralisation at the Koppies tenement, with the best intersections including:

KP055
13 metres at 905ppm uranium from 3m, including 2m at 4,504ppm uranium;

KP045
10m at 687 ppm uranium from 2m, including 2m at 1,974ppm uranium;

KP012
7m at 277ppm uranium from 10m; and

KP047
5m at 194ppm uranium from 5m and 2m at 593ppm uranium from 15m.

Marenica highlighted the interval of 2m at 4,504ppm uranium encountered in hole KP055, saying the direction of the palaeochannel in this area is yet to be established, however, this will be the focus of the next drilling program expected to commence shortly.

“With such fantastic results, the Koppies story continues to develop, with excellent grades achieved from Phase 2 drilling, coupled with the discovery of a new highly mineralised palaeochannel at Koppies 2,” Marenica Energy managing drector Murray Hill said in the company’s announcement to the Australian Securities Exchange.

“We look forward to continuing to advance the project over the coming period with expanded drilling to commence shortly.”

Marenica indicated it intends to complete additional HLEM work within the vicinity of Koppies 1 and 2, with its priority to now confirm the extent of the palaeochannels to guide a Phase 3 drill program.

The company plans to complete the Phase 3 drilling before the end of the calendar year with exploration continuing through 2020 to test the extent of mineralisation on the Koppies exploration permit.

 

Web: www.marenicaenergy.com.au

 

Rox Resources reports Further High-Grade Results from Youanmi

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THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its Joint Venture partner Venus Metals Corporation (ASX: VMC), announced further results from an ongoing drilling campaign at the OYG JV which forms part of the wider Youanmi gold project in Western Australia.

Rox Resources’ recent drilling at the Youanmi gold project has intersected more high-grade gold mineralisation.

Results received from Youanmi South and Commonwealth drilling include:

RXRC073
4m at 11.23 grams per tonne gold from 92m; (Youanmi South)

RXRC079
8m at 3.73g/t gold from 60m; and (Commonwealth)

RXRC077
3m at 5.45g/t gold from 87m. (Commonwealth)

The company said that drilling at the Plant Zone has continued to define shallow, potential ‘base load mill feed’ with new results showing continuations to shallow mineralisation including:

RXRC058
8m at 2.62g/t gold from 60m;

RXRC055
9m at 1.04g/t gold from 83m; and

RXRC056
8m at 1.03g/t gold from 44m.

“These results continue to show the excellent potential of the Youanmi belt and the OYG JV in particular and we look forward to presenting further results when they become available,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Drilling at the Plant Zone prospect, a granite stockwork style of mineralisation now delineated over a 1.4 kilometre strike length, continues to add scale to the overall project gold inventory.”

Rox’s recent drilling has been focussed on the Plant Zone (potentially base load mill feed) and the high-grade Commonwealth prospect.

The company expects to shift its focus onto the Youanmi South prospect following completion of geophysical surveying (drone mag).

The Youanmi South prospect has previously returned some of the best drill intersections of the current drill program.

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

Mincor Resources Enhances Cassini Mineral Resource

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THE DRILL SERGEANT: Mincor Resources (ASX: MCR) released a healthy increase in the Mineral Resource for the company’s Cassini nickel sulphide deposit at Kambalda in Western Australia.

The updated Cassini Indicated and Inferred Mineral Resource comprises 1.254 million tonnes at 4 per cent nickel.

Mincor Resources said this represents an increase of 12,600 high-grade nickel tonnes.

Of note is that the addition of 269,000 tonnes of ore was delivered at a grade of 4.7 per cent nickel, increasing the average grade of the Mineral Resource from 3.8 per cent nickel to 4 per cent.

The company declared this confirms Cassini as one of the largest and highest-grade nickel deposits in the Kambalda district.

Over 86 per cent of the expanded Mineral Resource is now classified in the higher-confidence Indicated category, and is available for conversion to Ore Reserves.

Mincor’s total Kambalda Mineral Resource inventory now stands at 4.9 million tonnes at 3.8 per cent nickel for 187,900 nickel tonnes, with 84 per cent in the Indicated/Measured category.

The company considers the continued rapid growth in the Cassini Mineral Resource this year in terms of tonnage, grade and quality has vindicated its faith and confidence in the untapped exploration potential of this newly defined district within the Kambalda region.

“From a Maiden Mineral Resource of 18,700 nickel tonnes in August last year, Cassini has grown quickly into a substantial asset for our shareholders, one of the cornerstone deposits of our plan to restart nickel production at Kambalda and the most significant greenfields discovery seen in the district in over two decades,” Mincor Resources managing director David Southam said in the company’s announcement to the Australian Securities Exchange.

“Since our last Mineral Resource update in August 2019, we established a short-term plan to complete a bespoke drill program aimed at upgrading this beachhead resource for inclusion in the Definitive Feasibility Study – and we have more than achieved this outcome in just six drill holes, which is an exceptional return in terms of nickel tonnes by any measure.

“We like to think of it as extremely cost effective ‘nickel banking’.

“The last four drill intercepts in particular have been stand-outs and show that the CS5 surface is becoming both higher grade and thicker the deeper we drill – which bodes well for the future exploration of this and the other parallel channels from the planned underground workings to be established at Cassini.

“With 50,000 nickel tonnes now delineated and drilled from surface, we believe that Cassini displays the same characteristics of all large, long-life orebodies discovered and mined in the Kambalda region.

“What is particularly exciting is that it is the first greenfields discovery in the Kambalda region for decades on a newly identified contact.

“The updated Cassini Mineral Resource will now be incorporated into the ongoing Definitive Feasibility Study for our Nickel Restart Strategy, which we are planning to release in the March quarter next year, along with a Maiden Ore Reserve.”

 

Email: mincor@mincor.com.au

Web: www.mincor.com.au

 

Meteoric Resources Extends Juruena and Claims Porphyry Style Gold‐Copper Discovery

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) received the latest assays from drill holes JUDD009 and JUDD010 that were completed during the maiden drill program at the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources claimed the new drill results highlight both a deep high‐grade epithermal gold intercept together with an entirely separate style of porphyry hosted gold‐copper mineralisation, which the company has interpreted to be part of a larger gold‐rich copper porphyry system.

JUDD009 intersected:
1.2 metres at 45.83 grams per tonne gold from 248.9m.

This intersection was achieved at the base of the high‐grade epithermal Dona Maria resource that currently stands at 88,000 ounces gold at 12.7g/t gold.

Meteoric believes JUDD009 confirms high‐grade gold mineralisation at Dona Maria is open at depth and now has deeper drilling planned to extend epithermal gold mineralisation below the high‐grade resource.

Hole JUDD010 intersected a thick zone of gold‐copper mineralisation at the Crentes prospect, immediately adjacent to Dona Maria, returning:

54.3m at 1.33g/t gold and 0.23 per cent copper from 171m, including 12m at 4.54g/t gold and 0.25 per cent copper from 178.5m.

Meteoric declared that the gold‐copper mineralisation encountered at Crentes in JUDD010 raises the potential for additional gold‐rich porphyry discoveries across the entire Juruena project.

A further hole, JUDD011 also intersected the up‐dip extension of the gold-copper porphyry mineralisation intersected in JUDD010 at Crentes with assays pending at time of writing.

The company has mobilised a second drill rig to Novo Astro, with first assay results due in late November.

“I couldn’t be happier to report that JUDD009 has confirmed high‐grade gold mineralisation at Dona Maria is open at depth, as our structural models suggested,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“This hole intersected high‐grade gold at the base of the current resource, deeper than any historic drilling and has allowed us to plan follow‐up deep drilling that if successful could significantly increasing this resource.

“The gold‐copper mineralisation in JUDD010 and JUDD011 (awaiting assays) is incredibly exciting and builds on our belief that the high‐grade prospects like Dona Maria and Querosene are epithermal gold deposits related to a proximal porphyry gold-copper system.

“This intercept opens a new and exciting exploration opportunity for Meteoric and the geology team are working hard to understand the real potential of this gold-copper mineralisation before planning further drilling, with the high‐grade gold lodes remaining the focus of drilling for the completion of this program at Juruena.

“Novo Astro exploration is ongoing and drilling will now ramp up with a second GEOSOL rig having mobilised to the project and first assay results expected in late November.”

 

Web: www.meteoric.com.au

 

Hillgrove Resources Amends Kavanagh Estimate

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THE DRILL SERGEANT: Hillgrove Resources owned up to an error the company made in its recent announcement regarding the maiden Underground Mineral Resource Estimate for the Central and East Kavanagh underground area at the company’s Kanmantoo copper mine in South Australia.

Hillgrove Resources acknowledged that dot point 2 on page 1 of its ASX release of 30 October 2019 is not in accordance with the JORC Code, whereby the reporting of Exploration Targets cannot be streamlined.

As a result, the company was required to re-iterate the Competent Person Statement and the Exploration Target as a range of tonnes and grade as previously provided in its ASX release of 27 May 2017 for the West Kavanagh Exploration Target of:

0.8 to 1.6 million tonnes at 2 per cent to 2.5 per cent copper, 0.01 grams per tonne to 0.05g/t gold, 2g/t to 2.5g/t silver.

The company stressed the Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource, adding that it is uncertain if further exploration will result in the determination of a Mineral Resource under the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code” (JORC 2012).

The Exploration Target is not being reported as part of any Mineral Resource or Ore Reserve.

 

Web: www.hillgroveresources.com.au

 

Galileo Mining Confirms Fraser Range Nickel Target

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) recently completed aircore drilling at the company’s Lantern prospect, within the Fraser Range nickel belt of Western Australia.

Galileo Mining said the drilling confirmed a highly prospective intrusive gabbronorite rock unit above a previously reported conductor with aircore drill holes hitting a maximum depth of 102 metres.

The drilling was designed as a first pass test to confirm the prospectivity of the conductive targets which have been modelled at approximately 340m depth.

Galileo said the confirmation of prospective rock units will assist targeting efforts for future programs of work, which is expected to include RC drilling and diamond drill hole testing of the conductive targets, looking for nickel sulphide mineralisation.

The Lantern Prospect is situated in the northern Fraser Range block where Galileo has 500 square kilometres ground holding, surrounded by Independence Group and Legend Mining, both of which are working up multiple prospects.

“The second drilling program at Lantern has again confirmed we have the right rock types with the potential to host significant nickel sulphide mineralisation,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“The intrusive rock unit matches the location of a conductive zone at depth which provides us with an excellent target for drill testing.

“We also have access to diamond drill hole funding through the state government Exploration Incentive Scheme which allows us to efficiently use shareholder funds in the pursuit of high value discoveries.”

The aircore drilling has demonstrated that up to 100 metres of cover rocks and weathered regolith occur at the prospect resulting in relatively low penetration of the EM signal into the ground.

Galileo is now planning RC drilling at Lantern to provide a platform for Down Hole Electro-Magnetic (DHEM) surveying.

DHEM surveying across four proposed drill holes will allow for more accurate definition of the conductive response below the cover rocks prior to diamond drill hole testing.

The Lantern prospect is a blind, undercover target the company considers to represent a next generation undercover prospect with potential to host mineralisation.

Additional aircore drilling undertaken at a second target within the Lantern area has expanded the known extent of the prospective differentiated intrusion.

This has been interpreted by the company to demonstrate an increased search space for nickel mineralisation at the Lantern prospect along strike to the north of the conductive trend.

The new target occurs on the northern margin of a differentiated intrusion outside of the area covered by the original EM survey.

A new EM survey will be required to advance this target through to the drill testing phase of exploration.

 

Email: info@galmining.com.au

Web: www.galmining.com.au

 

Calidus Resources Hits More Gold in Planned Klondyke Pit

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported a further batch of high-grade RC drilling results from the company’s Warrawoona gold project in the Pilbara of Western Australia.

Calidus Resources said the results provided a continued demonstration of the strong strike and grade continuity of gold mineralisation within the planned Klondyke pit at the 1.25 million-ounce project.

The company explained the RC drilling inside the planned Klondyke pit has been designed to upgrade the current Resource from the Indicated to Measured status and will form part of the current Definitive Feasibility Study underway.

The drilling returned more intersections, including:

19KLRC270
12 metres at 5.58 grams per tonne gold from 12m;

19KLRC266
15m at 4.33g/t gold from 6m;

19KLRC247
36m at 1.53g/t gold from 12m;

19KLRC271
20m at 1.96g/t gold from 20m;

19KLRC231
21m at 1.63g/t gold from 9m;

19KLRC264
6m at 5.12g/t gold from surface; and

19KLRC261
6m at 5.11 g/t gold from 18m.

“Drilling continues to intersect wide, high-grade mineralisation in the planned open pit,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“These results are frequently above the current average pit grade of 1.4 grams per tonne, they are shallow and they demonstrate excellent continuity of mineralisation.

“This means the economic and technical outlook for Warrawoona continues to strengthen, with the potential returns growing and the risks falling.

“In addition, the initial diamond core drilling to test the down-dip potential of the Klondyke mineralisation looks promising.

“While assays are pending, the geology intersected and visible gold observed by geologists supports our view that it is a good opportunity to grow the Resources and Reserves below the Klondyke pit.”

 

Email: info@calidus.com.au

Web: www.calidus.com.au

 

Rox Resources Hits Healthy Gold Intersections at Youanmi

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) released results of an air core drilling program undertaken at the company’s VMC Joint Venture, located north of the historical Penny West gold mine and the historical Magenta and Columbia gold prospects in Western Australia.

The VMC Joint Venture between Rox and Venus Metals Corporation Limited (ASX: VMC) and is part of the wider Youanmi gold project.

Rox is earning a 50 per cent interest in the gold rights of the tenements comprising the JV, VMC is the manager.

The recent air core (AC) drilling program was designed to follow up on strongly anomalous lead-zinc-copper trends associated with anomalous gold identified during initial AC drilling that was announced in October.

Results from this second round of AC drilling include:

VRAC151
4 meters at 7.02 grams per tonne gold from 24m; and

5m at 2.41g/t gold from 60m to EOH.

VRAC161
4m at 0.94g/t gold from 32m.

Rox Resources said the gold mineralisation encountered in VRAC151 is open at depth and along strike and is located along an approximately north-northwest trending gold-anomalous zone close to the Youanmi Shear Zone and approximately five kilometres north of the historical Penny West gold mine.

“These air core results build on the growing recognition of the gold endowment of the Youanmi belt and importantly feed into our regional understanding of controls on mineralisation,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Impressively this intersection has identified a potential new corridor of mineralisation.”

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

Stavely Minerals Continues Thursday’s Gossan Growth

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported further news from the shallow, high-grade copper-gold discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Stavely Minerals said the Thursday’s Gossan prospect is continuing to expand in several directions, which has been demonstrated by further assay results and indications from ongoing drilling.

The company has received assay results for diamond drill hole SMD053, located 320m to the south-east of discovery drill hole SMD050 that intersected a narrower zone of shallow copper-gold-silver mineralisation, returning grades of up to:

1 metre at 8.42 per cent copper and 1.77 grams per tonne gold and 1m at 2.91 per cent copper and 8.69g/t gold;

10.3m at 3.09 per cent copper, 1.69g/t gold and 22.6g/t silver from 201m down-hole, including 5m at 5.81 per cent copper, 3.2g/t gold and 43.6g/t silver from 202m down-hole; and

2m at 1.17 per cent copper, 1.23g/t gold and 4.1g/t silver from 176m down-hole.

Stavely said that when combined with the previously reported intercepts from the discovery hole SMD050, the latest assays provide further evidence of the growing scale of the zone of shallow structurally controlled mineralisation within the Ultramafic Contact Fault (UCF).

The company added that visual indications from ongoing drilling and assays from three drill holes received to date, suggest that the shallow zone of copper-gold mineralisation now being delineated at the UCF represents a major exploration breakthrough.

“We have now received assays from step-out drilling which has intersected substantial zones of high-grade copper-gold mineralisation up to 320 metres to the south-east of the discovery hole SMD050 – a fantastic result we believe can become a significant discovery at Thursday’s Gossan,” Stavely Minerals executive chairman Chris Cairns said in the company’s announcement to the Australian Securities Exchange.

“While the latest intercept for SMD053 was narrower than those reported in SMD050 and SMD051, this is not unexpected as any structurally hosted copper-gold deposit is likely to pinch and swell along strike as drilling advances.

“However, this latest intercept did host some significantly higher gold grades along with the high-grade copper results – and that is a very pleasing development.

“Additionally, the position of the high-grade copper-gold-silver mineralisation in SMD053 as internal to the serpentinised ultramafic is a target that we had not previously anticipated as hosting mineralisation, and this opens up further structural target opportunities which we will be pursuing.

“We now have three diamond drill rigs operating on-site and, while a focus on maximising drill core recovery has resulted in some down-hole equipment failures, we are confident the drill contractor is addressing the challenging drilling conditions.

“It is the classic nightmare for a driller – trying to drill through both very hard and very soft mineralised material without washing anything away.

“We are very pleased that every drill hole that successfully intercepted the target structure has returned very strong copper-gold-silver mineralisation, now defined over 360 metres in strike extent from visual observations of drill core from SMD054 to these assay results in SMD053.

“Further strong copper-gold-silver mineralisation was returned in historical drill hole SNDD001, located over 100 metres further to the north-west of SMD054.

“And the mineralisation remains open in all directions.

“We expect the rate of news flow to accelerate significantly as we hit our stride drilling at full capacity with the current complement of three drill rigs and a fourth expected later in the month.

“Drilling will focus on both extending the known mineralisation and in-fill drilling to provide increased confidence in the continuity of mineralisation between the intercepts reported to date.”

 

Email: info@stavely.com.au

Web: www.stavely.com.au