Pantoro Encounters Wide High-Grade Intercepts at Rowdies

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THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) has drilled high-grade extensions to the north Rowdies lode from results along strike of existing development in the upper levels of the Wagtail Underground Mine, part of the company’s 100 per cent-owned Halls Creek gold project in the Kimberley Region of Western Australia.

The Wagtail North Mine, which accesses the Rowdies and Wagtail North Lodes, achieved first ore development during the first quarter of 2019.

Since that time, Pantoro has progressed development on the first four levels and mineralisation has been identified and developed both within and outside of the current Ore Reserve.

Mineralisation exists on a number of parallel structures which can be close spaced, and have required additional drilling and time to understand the position of high-grade shoots within each structure.

Pantoro said its knowledge of the high-grade shoots is improving level by level and mineralisation appears regular down dip of the high-grade zones within each lode.

Productivity from the mine is expected to continue to improve as the ore definition increases.

The latest drilling has demonstrated high-grade mineralisation extends approximately 70 metres beyond the current Ore Reserve and remains open to the north.

Intercepts which are inside of the current Ore Reserve have returned a number of zones with better widths and grades than currently modelled.

Best results include:

2.2 metres at 22.5 grams per tonne gold;
2.63m at 35.8g/t gold;
3.05m at 11.9g/t gold, including 0.3m at 63.8g/t gold;
5.7m at 19.6g/t gold, including 0.38m at 88g/t gold;
3.55m at 9.31g/t gold, including 0.41m at 14.6g/t gold;
4.1m at 19.2g/t gold, including 0.7m at 35.1g/t gold and 0.68m at 58.2g/t gold;
1.08m at 11.97g/t gold, including 0.4m at 22.6g/t gold;
5.66m at 12.97g/t gold, including 0.81m at 38.5g/t gold, 0.49m at 45.4g/t and 0.55m at 24.2g/t gold;
9.8m at 8.83g/t gold, including 0.7m at 34.2g/t gold and 0.28m at 59.4g/t gold;
1.9m at 8.62g/t gold; and
0.63m at 16.8g/t gold.

“These results demonstrate the potential for the Wagtail North underground mine to grow in a fashion similar to the Nicolsons mine when it was first developed back in 2015,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“While it has taken longer than expected to take Wagtail to full production, we are confident that the mine will provide a reliable high-grade ore feed as our knowledge of the ore zones improves and the mine is fully resourced.

“These new results show extension of the Ore Reserve, and thicker, higher grade zones within the currently planned mining areas.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

PolarX Hits Mineralised Porphyry‐Style Veins at Mars

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THE DRILL SERGEANT: PolarX Limited (ASX: PXX) has completed a single diamond drill hole into the Mars porphyry target within the company’s Alaska Range project in Alaska.

PolarX said the Mars porphyry target is in the Stellar project, an area that is subject to a strategic partnership the company struck with Lundin Mining Corporation and announced in June 2019.

The company explained that Mars occurs at the western end of a 12-kilometres‐long mineralised corridor, which also hosts the high‐grade Zackly copper-gold skarn and the Saturn porphyry target.

A preliminary program of core drilling to evaluate Saturn and Mars was undertaken in August and September and reported in October 2019.

The first diamond drill hole at the Mars prospect in the Alaska Range project ended in mineralisation at 417 metres down‐hole depth, intersecting multiple stages of porphyry‐style veins containing visible iron, copper and molybdenum sulphides from near surface to the end of the hole.

PolarX reported there to be a broad zonation with increasing vein intensity and increasing abundance of copper and molybdenum sulphides as the hole deepens with a notable increase in visible copper and molybdenum sulphide abundance at 321m deep, continuing to the end of the hole at 417m with visual estimates of 0.5 per cent to 2 per cent chalcopyrite.

“Visual confirmation of even more intense porphyry‐style veining containing chalcopyrite and molybdenite from 321 metres to the end of the first hole at 417 metres depth at Mars is extremely promising,” PolarX managing director Dr. Frazer Tabeart said in the company’s announcement to the Australian Securities Exchange.

“The 400 metres-plus down‐hole thickness of mineralisation, the large size of the copper‐gold‐molybdenum surface geochemical and geophysical anomalies at Mars, support our view that a very large mineralised system may be present.”

 

Web: www.polarx.com.au

 

Barra Resources Drilling at Burbanks

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THE DRILL SERGEANT: Barra Resources (ASX: BAR) has commenced a Reverse Circulation (RC) drilling program at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Barra Resources explained the RC drilling program has two key objectives:

Firstly, the drilling is aimed at deepening existing Mineral Resources between the historic Main Lode and Birthday Gift gold mines from the current depth of up to 100 metres below surface to 200m below surface, and

Secondly, the drilling is aimed to connect these Mineral Resources with Burbanks North, thereby confirming a continuous two kilometres of mineralised strike length.

The company indicated that in both cases, it will be applying its recently advanced geological and economic understanding of the deposits.

This understanding has been informed by a recent scoping study, which identified the Mineral Resources between the historical gold mines at Main Lode and Birthday gift as the highest priority area for potentially economic mining.

“We are very excited to be drilling at Main Lode once again,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“We are not only confident that we will extend the known mineralisation, but also hopeful of getting some of the bonanza hits that can never be discounted when drilling a high-grade system like Burbanks.”

 

Email: info@barraresources.com.au

Web: www.barraresources.com.au

 

Cassini Resources Advances Mount Squires Gold Project

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced final results of recent RC drilling and future work plans at the company’s 100 per cent-owned Mount Squires project in the West Musgrave Province of Western Australia.

Cassini Resources acknowledged the project is at an early stage, but said it is proving to be highly prospective for gold and base metals.

The project is located adjacent to the western border of the company’s West Musgrave JV project with OZ Minerals (ASX: OZL).

All assay results from the RC drilling program at the Handpump prospect, comprising 10 holes for 1,134m, have now been received.

The best results came from holes previously released including:

MSC0003
20 metres at 1.27 grams per tonne gold, including 7m at 2.54g/t gold from 23m;

MSC0004
27m at 1g/t gold from 31m, including 3m at 2.59g/t gold from 38m; and

MSC0005
19m at 0.68g/t gold, including 6m at 1.26g/t gold from 38m.

Cassini explained the remaining four holes (MSC0007-0010) returned lower grade results, but identified additional mineralised breccia halos (>0.1g/t gold), which the company has interpreted to suggest mineralisation remains open.

A recently completed high-resolution aeromagnetic survey has assisted in the company’s geological interpretation of Handpump as well as the surrounding region.

Cassini has refined the target areas along the prospective trend.

Only three RC holes have been drilled outside the immediate Handpump prospect area to test for additional mineralised bodies and therefore the prospective trend is largely unexplored.

Cassini has permitting to clear these targets with a reconnaissance-style drill program underway.

“We’re delighted with the results from our maiden drill program at Mount Squires,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“The program, in tandem with our new aeromagnetic data, has demonstrated economic gold prospectivity, improved our geological understanding and generated new targets for future work programs.

“More broadly, it’s highlighted the potential strategic value of a new greenfield, belt-scale project in a new gold frontier.

“Mt Squires is the most advanced gold project in the Musgrave Province, with the nearest gold mine, Gruyere, being over 400 kilometres away, itself a fairly recent ‘new frontier’ discovery.

“New frontiers are where some of the most recent and significant gold discoveries have been made in Australia.

“We see Mount Squires as a natural fit with activities at our West Musgrave project.

“Strategically, we believe gold is a good complement to our base metal assets.

“Our extensive geological knowledge, operational capability and established community relationships provide us with a significant competitive advantage in the region.

Cassini indicated it intends to continue activities at the Mount Squires project until around the end of November, after which it will turn its attention to the Yarawindah Brook nickel-copper project, where a number of new EM conductors are ready to be drilled.

The company also anticipates the delivery of the Nebo-Babel Pre-Feasibility Study in early 2020.

“Whilst the West Musgrave project continues to be our primary focus and long-term value-driver, our exploration strategy at Mount Squires and Yarawindah Brook is geared to provide opportunities for additional new discoveries in the near term,” Bevan continued.

“Our goal is to add value and be exposed to these opportunities through relatively inexpensive exploration programs, that do not compromise our funding capacity during the ongoing study phase of the West Musgrave project.

“With prices near all-time highs, it’s also a great time to exploring for gold.”

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Peel Mining Boosts Southern Nights Potential

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) has claimed discovery of new zones of mineralisation from an ongoing drilling campaign across the company’s 100 per cent-owned Wagga Tank project, south of Cobar in western New South Wales.

Peel Mining returned resumed drilling at Wagga Tank-Southern Nights in August, with a program comprising around 10,000 metres of RC/diamond drilling primarily designed to develop higher confidence resources and to progress the project towards development.

This drilling has targeted both Wagga Tank and the Corridor Zone, located between Wagga Tank and Southern Nights and has resulted in the confirmation of strong new mineralisation in the Corridor Zone, which the company said highlights the potential for interconnected mineralisation between the Wagga Tank and Southern Nights deposits.

Drilling in the Corridor Zone, located between Wagga Tank and Southern Nights returned wide, high-grade intercepts highlighting the potential for a link between the two deposits, including:

WTRCDD141:
2.1 metres at 4.7 per cent copper, 129 grams per tonne silver, 0.15g/t gold, 0.4 per cent zinc, 0.5 per cent lead from 530.2m; and

58.3m at 5.4 per cent zinc, 2.3 per cent lead, 0.1 per cent copper, 24g/t silver, 0.31g/t gold from 546.7m, including 13.1m at 11.1 per cent zinc, 5.7 per cent lead, 0.05 per cent copper, 52g/t silver, 0.51g/t gold from 553.9m.

WTRCDD141W1:
9m at 7.6 per cent zinc, 4.7 per cent lead, 0.1 per cent copper, 153g/t silver, 0.46g/t gold from 501m, including 2.8m at 21.6 per cent zinc, 12.7 per cent lead, 0.4 per cent copper, 441g/t silver, 1.23g/t gold from 505.1m;

17m at 1.3 per cent copper, 25g/t silver, 0.14g/t gold, 0.1 per cent zinc, 0.1 per cent lead from 510m;

47m at 6.3 per cent zinc, 2.8 per cent lead, 0.05 per cent copper, 24g/t silver and 0.28g/t gold from 573m; and

53m at 3.4 per cent zinc, 1.9 per cent lead, 0.1 per cent copper, 24g/t silver and 0.46g/t gold from 626m.

Drilling at Wagga Tank deposit is around 60 per cent complete with initial results received from WTRCDD213, including:

20m at 1.52g/t gold, 4g/t silver, 0.2 per cent copper, 0.4 per cent lead from 80m.

The drill rig from the Corridor Zone has now relocated to Southern Nights to focus on infill and extensional drilling in the main resource area.

“This is a very exciting development, offering potential to infill the zone between Wagga Tank and Southern Nights, and further enhancing the development prospects of the project,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“VMS and Cobar-style mineral systems are renowned for clustering and stacking and we see every chance that this will be the case here – we look forward to completing follow-up drilling in due course.

“In the meantime, we are continuing with resource upgrade drilling at Wagga Tank and Southern Nights to advance these deposits towards development.”

 

Email: info@peelmining.com.au

Web: www.peelmining.com.au

 

Antipa Minerals Encounters Multiple Mineralised Zones

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THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) has intersected multiple zones of copper-gold and zinc mineralisation at the company’s 100 per cent-owned ground in the Paterson Province of Western Australia.

Antipa Minerals declared its recent greenfield exploration drilling activities have continued to deliver with the discovery of multiple new copper‐gold and zinc mineral systems.

The company said this had confirmed the highly prospective nature of the tenure adding that the drilling has confirmed the presence of a new mineralisation trend beneath shallow cover within the El Paso Structural Corridor which extends for approximately 60 kilometres, which it expects will lead to the identification of additional priority exploration targets.

Drilling has identified a new mineralised trend within the El Paso Structural Corridor.

The Serrano and Poblano magnetic targets and Reaper AEM target each returned multiple intervals, including:

19EPC0020 (Serrano)
4 metres at 8.1 grams per tonne gold, 0.23 per cent copper, 0.91g/t silver and 673ppm bismuth from 194m down hole, including 1m at 27.4g/t gold, 0.51 per cent copper, 2.35g/t silver and 2,200ppm bismuth; and

19EPC0019 (Poblano)
168m at 0.03g/t gold, 470ppm copper and 318ppm zinc from 32m down hole, including 35m at 0.07g/t gold and 0.1 per cent copper from 45m down hole, also including 12m at 0.15g/t gold and 0.09 per cent copper.

Antipa has its Phase 2 exploration program underway that includes follow up RC drill testing of further high priority Phase 1 AEM targets, RC drill testing of high-grade gold-copper magnetic targets, and a 600 square kilometre AEM survey and induced polarisation survey to progress regional exploration.

 

Web: www.antipaminerals.com.au

 

Carawine Resources to Target Copper-Gold Porphyries

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) is set to commence a detailed, helicopter-borne magnetic survey to further evaluate copper-gold porphyry targets at the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Carawine Resources’ Jamieson project is host to the Hill 800 and Rhyolite Creek prospects where in September the company announced the potential for mineralisation at Hill 800 to be related to a copper-gold porphyry system, based on analysis of multi-element geochemical data from Hill 800 by Dr. Scott Halley, an expert in this field.

This followed the recognition of two distinct magnetic anomalies identified from regional-scale survey data at Jamieson.

Carawine indicated it considers magnetic anomalies to be commonly associated with mineralised porphyries and provide excellent targets for drill testing and the company has been encouraged by the recent success by Stavely Minerals (ASX: SVY) at its Thursday’s Gossan porphyry copper-gold project in western Victoria, citing the similarities in host rock age, chemistry and depositional setting of Jamieson with the host rocks for the Thursday’s Gossan project.

“The exploration program over the next few months promises to be an exciting period for the company,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“We began to realise the potential for a copper-gold porphyry driving the mineral system at Hill 800 and its surrounds in July this year, and have since been developing this concept towards the point where we have the confidence to accurately define targets for drill testing.

“Following our recent successful capital raising, we are now in a great position to accelerate our exploration program at Jamieson, starting with a detailed magnetic survey that will be used to model the depth and spatial extent of magnetic anomalies beneath Hill 800 and Rhyolite Creek.

“This survey is planned to commence within the next two weeks, with drilling planned to commence soon thereafter, following the release of the company’s first Mineral Resource for Hill 800.

“We are gearing up for an exciting six months of intense exploration targeting porphyry style mineralisation at the Jamieson project.”

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Matador Mining Expands Canadian Mineralisation

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THE DRILL SERGEANT: Matador Mining (ASX: MZZ) extended the mineralised area at the Window Glass Hill deposit at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining said the drilling was part of the second and third stages of its exploration program with the drilling targeting shallow lateral extensions around known deposits, whilst also testing gaps between known deposits, specifically at the Central Zone project (810,000 ounces gold at 2.6 grams per tonne gold).

Window Glass Hill (WGH) hosts a current resource of 134,000 ounces at 1.2g/t gold.

The company explained WGH is a key target for the second stage of its exploration program.

Although it has a lower grade than Central Zone, WGH is considered by Matador to have potential to become a large tonnage, low strip ratio deposit, and form a major source for future production.

Results from the current drill program at WGH include:

CRD058
22.8 metres at 1.1 grams per tonne gold, including 9.7m at 2.2 g/t gold from 58m;

CRD085
9.2m 1.1g/t gold from 70m;

CRD084
4.2m at 2.2g/t gold from 61m;

CRD060
2.8m at 3.6g/t gold from 34m; and

CRD057
2.8m at 1.1g/t gold from 6m.

Matador said it was extremely encouraged by these results, noting all intercepts are at a depth of less than 100m, which is in line with the company’s strategy of targeting mineralisation that can be easily accessed via an open pit operation.

“We have long believed WGH has the potential to be a large tonnage, low strip ratio deposit and recent results are shaping up to confirm this,” Matador Mining technical director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“Importantly, from our interpretation, the latest intercepts are shallow up-dip extensions of the existing gold resources (134,000 ounces gold), all less than 100 metres from surface, therefore aligning with the company’s strategy of targeting shallow mineralisation that can be mined easily via an open pit operation.

“These results indicate that WGH could form a significant part of the long-term production plan, which will be announced as part of our development study targeted for release in Q1-2020.”

Aside from the drilling at WGH, Matador also tested a ‘gap’ between the 04 and H Brook deposits, located at the northern extension of Central Zone project.

This intercepted gold mineralisation of:

CRD071
5.4m at 4.3g/t gold, including 2.5m at 8.8g/t gold from 74m;
0.3m at 6.2g/t gold from 61m; and
1.05m at 1g/t gold from 94m.

Similar to the 04 deposit, located 80m from hole CRD071, this intercept encountered multiple mineralised lodes with a high-grade section.

The company indicated it plans to further test this hole to determine if this is a potential extension to the 04 deposit.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au

 

Red 5 Targets History to Expand KOTH Mineralisation

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) recently conducted underground exploration drilling at the company’s King of the Hills (KOTH) gold mine in the Eastern Goldfields region of Western Australia.

Red 5 said the drilling identified a new target area for Resource extensions at the King of the Hills mine by confirming the presence of gold mineralisation more than 470 metres vertically down-plunge to the north of the current 3.1-million-ounce Resource area.

The company explained that drill-hole KHRD0278 was drilled to target previously reported high-grade historical exploration results, which returned a series of high-grade intercepts including 4m at 30.74g/t gold from 588m down-hole (TARD4041) in an area down-plunge to the north of the historical open pit.

KHRD0278 targeted an area within 80m of TARD4041, however it deviated from the original planned course and did not successfully test the intended target.

Red 5 reported that the hole did, however, intersect the prospective granodiorite-ultramafic contact and confirmed that this contact remains mineralised 470m vertically down-plunge to the north of the current Resource area.

The company considers this result supports and enhances the emerging bulk mining opportunity at KOTH, providing a new target for ongoing Resource extension drilling.

Results from KHRD0278 include:

16 metres at 1.24 grams per tonne gold (204m-220m), including 0.34m at 29.3g/t gold;

7.5m at 1.13g/t gold (286m-293.5m), including 0.33m at 14.25g/t gold;

15m at 1g/t gold (407m-422m), including 0.23m at 29.6g/t gold; and

9m at 1.26g/t gold (464.7m-473.8m), including 0.25m at 21.1g/t gold.

“This is an encouraging development, which provides further insight into the broader potential of the KOTH mineralised system developing around the granodiorite contact,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The underground component of our current Mineral Resource totals 1.11 million ounces of contained gold, which covers around one kilometre of strike.

“The perimeter of the granodiorite is over 12 kilometres, with significant potential for along strike extensions or repeats of the existing Resource.

“Our intention is to progressively extend and test new areas within the granodiorite under the south pit and around the north-eastern and northern section of the granodiorite contact in the coming months, with three diamond rigs now operating on site, bringing our total planned underground drill metres for KOTH to approximately 85,000 metres for FY2020.

“Exploration and Resource in-fill drilling are being undertaken in parallel with the assaying of previously unassayed historical drill core, with all three programs offering the potential to further define and expand the KOTH Resource base.

“We are also forging ahead with a Final Feasibility Study for an integrated bulk open pit and underground mining operation at KOTH, which is scheduled for release in mid-CY2020.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

Comet Resources Scores High Results Graphite From Springdale Diamond Drilling

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THE DRILL SERGEANT: Comet Resources (ASX: CRL) CEO Philippa Leggat provided some interesting insight to the latest results from the company’s Springdale graphite project in Western Australia at the 2019 Brisbane Resources Round-up.

Comet Resources had announcedhigh-grade results from the first hole of a recent diamond drilling program conducted at the company’s Springdale graphite project.

Comet Resources announced the first diamond drill hole targeting identified high-grade graphite mineralisation in the Northern Zone intersected 57 metres of high-grade graphite, from just 35.5 metres downhole.

Impressive assay results were returned from hole HD024 that was drilled at the easternmost end of the North zone, intersecting a wide high-grade graphite interval of:

57 metres at 22.38 per cent total graphitic carbon (TGC) from 35.5m using a 1 per cent TGC cut-off.

Comet said that graphite grades encountered throughout the zone were consistently high and that they clearly correlate with the massive graphite mineralisation observed in the core.

The company explained that hole HD024 had been designed as a PQ metallurgical angle scissor hole testing earlier-drilled vertical RC hole HR0126, which had intersected 46m at 12.16 per centTGC from 38m, including 17m at 19.9 per cent TGC from 51m.

The company observed that Total Graphitic Carbon assays for both holes at the intersection cross point are very similar, confirming good grade consistency between RC and diamond drill holes.

From core observations, Comet considers it is possible that HD024 has been drilled sub-parallel to the fold structure and is probably not reflective of expected true width of mineralisation.

“What wonderful results from the first diamond drill hole into the Northern Zone, especially considering how high the grade is over such a broad zone,” Comet Resources CEO Philippa Leggat exclaimed in the company’s announcement to the Australian Securities Exchange.

“It also reconfirmed the company’s strategy to focus on the shallow, high-grade mineralisation at Springdale.

“Diamond core from this hole is now in the metallurgical lab for characterisation and floatation testwork.

“From this work and over the coming weeks, we anticipate a series of important results relating to initial recoveries and flake distribution.

“On from that we will continue to optimise the results across a broader range of samples.

“This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months.”

 

Email: comet@cometres.com.au

Web: www.cometres.com.au