Killi Resources Confirms High-Grade Gold-Copper at Mt Rawdon West Kaa Target

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) declared confirmation of a high-grade gold-copper structure the company’s 100 per cent-owned Mt Rawdon West project in Queensland.

Killi Resources made the announcement om the back of recent surface rock chip sampling that returned high-grade gold and copper results at the Kaa target.

Killi has now extended the trend over 1.8km with results confirming high grade gold-copper-silver mineralisation in association with highly anomalous pathfinder elements of antimony, bismuth, mercury and tellurium.

The sampling returned a very high-grade sample of 238 grams per tonne gold, 2.1 per cent copper and 513g/t silver the company considers being representative of the surface outcrop of a mineralised structure.

“It’s not every day you can walk up to an outcrop and have it return ~ 8oz of gold in assay,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“This very high-grade result coupled with multiple other assay results strongly anomalous for gold and copper extend the system considerably and indicate we are likely looking at a previously unrecognised epithermal system.”

Other results included:

MRRK061
14.3g/t gold, 2.2 per cent copper and 907g/t silver;

MRRK065
12.3g/t gold, 0.3 per cent copper and 60g/t silver;

MRRK073
5.89g/t gold, 5.4 per cent copper and 45.7g/t silver;

MRRK068
5.81g/t gold, 1.9 per cent copper and 211g/t silver; and

MRRK072
6.06g/t gold, 1.5 per cent copper and 585g/t silver.

“These results give us confidence to aggressively continue our exploration programs, with an IP Survey and local scale surface mapping currently in progress,” Cutler continued

“We look forward to reporting these results in the next few weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Drilling at Hilditch Gold Project

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has commenced a Reverse Circulation (RC) drill program at the company’s Hilditch gold project located on a granted mining tenement outside Kambalda in Western Australia.

Maximus Resources views Hilditch as just one of several regional gold deposits it considers being highly prospective in the company’s Spargoville tenements.

The deposit already hosts a shallow Mineral Resources Estimate (MRE) of 19,500 ounces of gold at 1.3 grams per tonne gold.

The company outlined the purpose of the drilling program to be infill and resource extension to upgrade additional material into the higher confidence JORC indicated category.

This phase of drilling will also entail several representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption of the Hilditch mineralisation.

“This RC program drilling aims to bring more of the resource into the higher confidence JORC indicated category, whilst completing representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption for optimal gold recovery,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The company continues to make consistent improvements in Mineral Resource classifications, through efficient drilling, and as our geological understanding of the deposits continues to grow, so does the potential across Maximus’ fertile tenements.

“Hilditch’s shallow gold resource represents a potential near-term gold production opportunity for Maximus, located on a granted mining tenement next to the Coolgardie-Esperance Highway, and within a short trucking distance to several regional gold processing plants.

“With the completion of a flora and fauna survey, the company has commenced preparations for the Mining Proposal and Mine Closure submission for open-pit mining operations at Hilditch.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources managing director Amanda Buckingham

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Warriedar Resources (ASX: WA8) recently reported encouraging results from diamond drilling undertaken at the Ricciardo deposit within the company’s Golden Range project in the Murchison region of Western Australia. Warriedar managing director Amanda Buckingham dropped into The Resources Roadhouse to explain to Wally Graham just how encouraging the results are.

Charger Metals Commences Lake Johnston Drilling

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) has commenced a program of Reverse Circulation (RC) drilling at the company’s Lake Johnston lithium project in Western Australia.

Charger Metals is to conduct two RC drill programs testing priority lithium targets at the greater Medcalf and Mt Gordon prospects.

The drilling is being funded by Rio Tinto Exploration (RTX) under a farm-in agreement with Charger in relation to the project.

At the greater Medcalf prospect, drilling will test for potential strike extensions to the known high-grade lithium mineralisation associated with spodumene-bearing pegmatites intersected in previous drilling campaigns.

It will also target approx. 1.2km strike of outcropping spodumene-bearing pegmatites trending from the main Medcalf mineralisation, where previous rock chipping returned up to 4.2 per cent lithium oxide (Li2O).

At the Mt Gordon prospect, drilling will target large soil anomalies (>100ppm Li2O) which extend for over 3km into the adjacent Jaegermeister lithium prospect of TG Metals (ASX: TG6)

The drilling is expected to take 6 – 8 weeks to complete, depending on results and potential delays due to inclement weather.

“We are excited to have commenced our RC drill programs at Lake Johnston,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The priority drill targets are in and around the Medcalf prospect where we have previously confirmed a high-grade spodumene system.

“We are also eager to drill our first holes into the Mt Gordon prospect which has excellent lithium potential and will keep the market informed as results are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Red Metal Produces Maiden Trial MREC Product From Sybella REO Ore

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THE DRILL SERGEANT: Red Metal (ASX: RDM) completed a proof-of-concept impurity removal trial on ore from the company’s Sybella rare earth project near Mt Isa.

Red Metal declared the results of its first proof-of-concept impurity removal trial on the Sybella rare earth ore has resulted in a potentially saleable mixed rare earth carbonate (MREC) product.

The MREC product comprised 48.7 per cent total rare earth oxides (TREO), of which the percentage of magnet rare earths (neodymium, praseodymium, dysprosium and terbium oxides) was 39.5 per cent.

The company explained the result to be well above that of other REO projects expecting it should result in higher payability based on industry pricing mechanisms.

Red Metals’ first-pass MREC precipitation achieved high downstream recoveries of 93% neodymium, 94% praseodymium, 93% dysprosium and 93% terbium.

“Impurity removal and precipitation of a saleable product with minimal REO loss is an important hurdle to clear for both the Granite-Hosted Sybella and Ionic Clay-Hosted deposit types,” Red Metals managing director Rob Rutherford said in the company’s ASX announcement.

“As such, success with our first impurity removal attempt is a major step forward for the Sybella REO discovery as it shows the essential indicators are in place to cost effectively produce a quality MREC product.

“The company is very confident that our ongoing studies will confirm a process route that optimises REO recovery (increases revenue) while reducing the acid consumption rate and ensuring that impurities in the final product are satisfactorily minimised (lowering processing costs).

“Success with the studies would give confidence that a premium MREC product could be delivered with low operating costs.

“We look forward to announcing assay results from the over 8000 metres of step-out drilling recently completed across a 24 square kilometres area of the mineralised granite.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Encounter Resources Score Further West Arunta High-Grade Niobium Intercepts

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced further shallow, high-grade niobium intercepts via aircore drilling at the company’s Aileron project in the West Arunta region of Western Australia.

Encounter Resources’ 2024 aircore drill program is being undertaken to test and define areas of high-grade, shallow mineralisation near major structures across key targets it has previously identified at Aileron.

Based on the aircore results, the company envisages follow-up RC and potentially diamond drilling will test the depth extent of this mineralisation and provide further geological and metallurgical information.

A second batch of assays results from the Crean target includes additional shallow, high-grade niobium-REE mineralisation from previously reported results.

Aircore drilling at the Emily target returned shallow, high-grade niobium-REE mineralisation north and south of previously reported results.

“Aircore drilling is defining new belts of shallow niobium-REE carbonatite hosted mineralisation in the West Arunta,” Encounter Resources executive chairman Will Robinson said in the company’s ASX announcement.

“Highly enriched, near surface mineralisation has now been intersected at both the Crean and Emily targets which are located on separate structures at Aileron, over 10km apart.

“The aircore rig is currently completing further drill sections at the western end of Crean and will then return to Emily and Green.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Iltani Resources Encounters High-Grade Silver-Indium Mineralisation at Orient

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THE DRILL SERGEANT: Iltani Resources (ASX: ILT) reported assay results from a reverse circulation (RC) drilling program recently undertaken on the company’s Orient project in North Queensland.

Iltani Resources declared the highlight of the drilling to come from hole ORR030 that intercepted multiple high-grade silver-lead-zinc-indium vein systems including the highest-grade mineralisation intersected at Orient to date by the company, including:

9m at 334 grams per tonne silver equivalent (AgEq) (67g/t silver, 110g/t Indium, 1.3 per cent lead and 3.4 per cent zinc) from 23m, including;
5m at 567g/t AgEq. (111g/t Ag, 195g/t In, 2.1% Pb and 5.8% Zn) from 26m, including;
1m at 1,552g/t AgEq (266g/t Ag, 500g/t In, 5% Pb and 17.4% Zn) from 28m.

Iltani noted ORR030 being 400m along strike from high-grade mineralisation previously encountered in drillhole ORR021 (5m at 440g/t AgEq. from 117m and 4m at 448g/t AgEq. from 186m), which it considers demonstrating the potential for Orient West to host a high-grade silver-indium resource.

“Iltani’s recently completed RC drilling program at Orient West of 11 RC drillholes continues to deliver with the highest-grade intercept at Orient to date…in ORR030,” Iltani Resources managing director Donald Garner said in the company’s ASX announcement.

“The high-grade mineralisation intersected in ORR030 is 400m along strike from the high-grade mineralisation intersected in ORR021, demonstrating the potential of the Orient West vein system to host a high-grade silver-lead-zinc-indium resource within a far bigger mineralised envelope.

“The results reinforce the potential to build a high-grade core at Orient West, and we believe the high-grade core could have a strike extent of more than 700m.

“It is particularly pleasing to see intersections at grades that we could potentially chase underground from an open pit.

“Looking at what we have achieved to date at Orient West, plus adding in what we have at Orient East, confirms our belief that Orient is Australia’s most exciting silver exploration project with potential to host a large silver-indium deposit.

“Once we have received the final assay results from the recent RC program for ORR032 to ORR035, Mining One will start work on estimating an initial Exploration Target for Orient West.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ardea Resources Gets KNP Goongarrie Hub DFS Underway

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has kicked off the Definitive Feasibility Study (DFS) for the company’s Kalgoorlie Nickel Project (KNP) – Goongarrie Hub.

The DFS is starting with an infill drill program designed to upgrade the nickel-cobalt laterite resources to Measured Mineral Resource category for the first five year open pits.

The planned program comprises 888 Reverse Circulation (RC) drill holes for a total of 51,745 metres on a 40x40m spacing.

The RC drilling has commenced at the Big Four nickel-cobalt deposit with some 16,215m planned.

One RC rig is starting proceedings, with additional rigs planned to be brought on to site in September 2024.

“The full Goongarrie Hub infill RC drill program is expected to be completed by end of CY2024,” Ardea Resources explained it its ASX announcement.

“The results from the drilling will then be used to provide an updated Mineral Resource Estimate (Measured category) for the first five year open pits.

“This will increase confidence in the existing nickel laterite resources, particularly during the payback period.

“As part of the DFS, additional drill programs are also planned for geotechnical testwork and hydrogeological testing.

“Additional diamond core drilling to provide bench-scale metallurgy material and validate historic RC results will also be completed.

“Commencement of these programs are pending granting of approvals (programs of work) from DEMIRS and final drill design.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Diamond Drilling Hits High-Grade Gold at Ricciardo

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported results from diamond drilling undertaken at the Ricciardo deposit within the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources completed the first round of diamond drill program at Ricciardo since 2014, when just three diamond holes were drilled by the previous operator.

Assay results returned for the first four holes at Ricciardo include:

RDRC039 DD
19 metres at 4.94 grams per tonne gold from 188m, including a contiguous final RC result of 4m at 14.49 g/t from 188m;

RDRC040 DD
12m at 6.98g/t gold from 110m, including 3m at 22.12g/t gold from 112m;

RDRC055 DD
16m at 2.3g/t gold from 243m, including 6m at 3.13g/t gold from 252m; and

RDRC055 DD
17m at 2.38g/t gold from 264m, including 8m at 4.03g/t gold from 273m.

Warriedar welcomed the results saying they add confidence and continuity to the MRE in this area.

“The results from these initial four diamond holes extend the high-grade shoot below the Silverstone North pit and infill a previous gap in the high-grade zone of the MRE below the northern part of the Ardmore pit (adding confidence and continuity to the MRE in this area),” Warriedar Resources said in its ASX announcement.

“These outcomes, while stemming from only a small part of the overall current phase of drilling, continues to demonstrate the outstanding MRE growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Great Boulder Resources Scores Gold Hits in Mulga Bill North AC Drilling

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THE DRILL SERGANT: Great Boulder Resources (ASX: GBR) reported results from aircore (AC) drilling undertaken at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources completed the AC drilling at the Mulga Bill North target that has added definition to gold mineralisation approximately 500m north of the Mulga Bill resource envelope.

The company explained the program is part of an ongoing process it is carrying out to identify and define additional gold mineralisation to expand the existing 568,000 ounces gold Mulga Bill Mineral Resource.

Highlights include:

24SWAC214
12m at 2.61 grams per tonne gold from 88m, including 4m at 4.27g/t gold from 93m;

24SWAC216
4m at 5.03g/t gold from 84m and 3m at 2.31g/t gold from 112m;

24SWAC211
3m at 2.68g/t gold from 114m; and

24SWAC220
9m at 1.95g/t gold from 100m.

“We use AC drilling to identify pathfinder elements and gold anomalism, so intersecting high-grade mineralisation is always a great result,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“These results sit between 500m and 800m north of the Mulga Bill mineral resource.

“There is very little effective drilling between this area and the high-grade drill results we announced last month from drilling further south, which highlights the scale and potential of the Mulga Bill North area.

“We’re starting to see west-dipping high-grade veins, including the result in 24SWAC214…and we will be looking to extend these with further drilling.

“Another outcome from this program is the identification of a dacitic unit on the eastern margin of the drilling.

“This is significant because dacitic volcaniclastics host the high-grade mineralisation at Mulga Bill, suggesting we should extend our drilling further east.

“Meanwhile we have assays pending on 45 AC holes from Polelle, which is the first drilling we’ve completed there, and we’ll be drilling again soon at Saltbush and Mulga Bill North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE