Anglo Australian Resources Expands Mineralised Footprint at Mandilla Gold Project

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THE DRILL SERGEANT: Anglo Australian Resources (ASX: AAR) chairman John Jones sat down with The Resources Roadhouse at the recent 2019 Brisbane Resources Round-up.

Anglo Australian Resources had just reported on progress of reverse circulation (RC) drilling underway at the Mandilla East prospect, part of the company’s 100 per cent-owned Mandilla gold project, located south of Kalgoorlie in Western Australia.

Anglo Australian Resources said the drilling has confirmed good continuity of mineralisation within the existing resource area with some outstanding intersections recorded, including:

MDRC103
99 metres at 1.47 grams per tonne gold from 36m

MDRC104
163m at 1.75g/t gold from 37m, including 90m at 2.45g/t gold from 39m

MDRC105
35m at 1.42g/t gold from 84m

MDRC106
18m at 1.55g/t gold from 67m

MDRC106A
8m at 1.09g/t gold from 63m
64m at 0.64 /t gold from 101

MDRC107
58m at 1.52g/t gold from 59 m
1m at 7.72g/t gold from 136m
20m at 2.1g/t gold from 172m

MDRC108
56m at 0.61g/t gold from 72m

MDRC111
32m at 0.75g/t gold from 13m
7m at 2.27g/t gold from 95m
17m at 0.75g/t gold from 142m

MDRC112
6m at 2.05g/t gold from 91m
40m at 0.63g/t gold from 136m

MDRC113
56m at 1.36g/t gold from 101m, including 1m at 42.35g/t gold from 143m

MDRC140
4m at 1.82g/t gold from 191m

“These new assay results continue to deliver excellent widths and grade, confirming that the Mandilla Gold Project has an extensive strike length whilst remaining open at depth,” Anglo Australian Resources chairman John Jones said in the company’s announcement to the Australian Securities Exchange.

“Ongoing drill campaigns will likely continue to expand the footprint of the syenite-hosted gold mineralized system.

“All the evidence to date points to there being significant potential for bulk open-pit mining style mineralisation at Mandilla.”

 

Email: info@anglo.com.au

Web: www.anglo.com.au

 

Black Cat Syndicate Reports on First Myhree Holes

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) greeted the 2019 Brisbane Resources Roundup crowd with the release of results from the first diamond drilling program at the Myhree target within the company’s Bulong gold project in Western Australia.

Black Cat Syndicate designed the first three diamond drill holes into Myhree to infill the Resource and provide critical geological, geotechnical and metallurgical information on the mineralised structures.

High-grade results include:

19MYDD003
1.7 meters at 335.96 grams per tonne gold from 52.2m, including 0.5m at 1,130g/t gold from 52.9m; and
7m at 9.84g/t gold from 59.5m.

19MYDD001
4.74m at 5.99g/t gold from 166.3m; and
3.04m at 3.07g/t gold from 140.6m.

Black Cat Syndicate said the results demonstrate potential for high-grade zones within Myhree and highlight underground mining potential.

The company has commenced preparations for a December 2019 quarter drilling program, which is to include extensional RC drilling of the south-east extension of Myhree following up from an earlier intercept of 10m at 2.77g/t gold, diamond drilling, also at Myhree, for completion of final metallurgical and geotechnical studies and RC drilling for hydrogeological studies.

Other work will entail extensional drilling at the Trump North target following up on 4m at 13.46g/t gold and exploration drilling at the Greater Woodline area on multiple targets including Anomaly 38, Woodline, Fenceline and Solitaire.

“These first diamond holes into Myhree show the outstanding potential of this deposit,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We are also about to commence RC drilling to test the Myhree Southern Offset.

“Confirmation of the offset will have important implications for the current Feasibility Study.

“Later in October the drill rig will be moving to the highly prospective Greater Woodline area to test the priority targets identified in the recently completed Sub Audio Magnetic (SAM) survey.

“This promises to be an action-packed quarter for Black Cat.”

Black Cat claimed discovery of Myhree in June 2018 and since then, up to June 2019, has established a current JORC Resource of 1.4 million tonnes at 2.7g/t gold for 119,000 ounces.

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

Golden Rim Resources Accelerates Kouri Exploration

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THE DRILL SERGEANT: Golden Rim Resources (ASX: GMR) is making exploration campaign progress at the company’s Kouri gold project in Burkina Faso.

Golden Rim Resources has just re-commenced its 21,000 metres reverse circulation (RC) and diamond drilling program that still has approximately 9,200m of RC drilling and 4,000m of diamond drilling (for approximately 100 holes) remaining to be drilled.

In addition to the RC and diamond drilling program, Golden Rim has also kicked off an auger drilling program and a ground magnetic and gradient-array IP geophysical survey.

Diamond Drilling at the Diabatou prospect (Margou permit) has seen the completion of the first diamond drill hole (MDH001) to a depth of 80m.

Golden Rim explained MDH001 is a twin hole to previous RC drill hole MRC008 that returned 7m at 121.2 grams per tonne gold from 41m, including 1m at 783.8g/t gold from 44m, and 3m at 7.2g/t gold from 56m.

“MDH001 was planned to confirm the orientation of this bonanza grade gold mineralisation prior to step-out drilling,” Golden Rim Resources said in its ASX announcement.

“MDH001 intersected several zones of granite-hosted quartz-sulphide mineralisation with visible gold.

“The first assays from the re-commenced program are expected in approximately three weeks.”

The next diamond drill hole at the Diabatou prospect (MDH002) is already underway and has a planned depth of 160m.

MDH002 is designed to test the depth extent of the high-grade mineralisation intersected in MRC008 along with the up-dip extent of a second zone of high-grade mineralisation (4m at 23.2g/t gold from 67m, including 1m at 65.7g/t gold) intersected in previous RC hole MRC014.

“Upon the completion of MDH002, further diamond drill holes are planned to the northeast and to the southwest to determine the strike extent of the high-grade gold mineralisation,” the company said.

An auger drilling program that is expected to comprise 3,750 holes (total of ~15,000m) has also commenced at Kouri.

Drilling is initially being conducted at the Diabatou prospect and will then extend to systematically cover various target areas in the newly acquired Margou permit.

While all this is happening, Golden Rim has also commenced a considerable ground magnetic and gradient-array IP geophysical survey at the Diabatou prospect that will be extended through the Margou and Goueli permits.

The survey will be conducted over a three to four month period and comprises approximately 500 line kilometres conducted on 100m spaced lines.

 

Web: www.goldenrim.com.au

 

Cygnus Gold and Gold Road JV Operating Smoothly

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THE DRILL SERGEANT: Cygnus Gold (ASX: CY5) has been kept busy of late at the company’s Joint Ventures with Gold Road Projects, a wholly-owned subsidiary of gold producer Gold Road Resources (ASX: GOR).

The Cygnus Gold – Gold Road JVs include the Lake Grace JV and the Wadderin and Yandina JVs covering an area of more than 5,000 square kilometres in the Wheatbelt region of Western Australia along the Yandina Shear, a largely unexplored regional structure interpreted to control the location of gold deposits such as Tampia, Griffin’s Find and Lake Magenta.

The current focus on the Lake Grace JV is the Hammerhead prospect, a target identified from regional aircore drilling of a zone of surface gold anomalism coincident with the prospective Yandina Shear Zone.

Recent aircore drilling at the Hammerhead prospect returned additional widespread, anomalous gold including:

LGAC0058
3 metres at 0.35 grams per tonne gold from 52m; and

LGAC0091
6m at 0.28g/t gold from 56m to end of hole.

Cygnus explained these intersections are associated with widespread anomalous gold pathfinder elements such as arsenic, copper, and molybdenum, and are in addition to the results reported in earlier announcements.

Anomalous gold and pathfinder anomalism have now been returned from four of eight broad spaced drill lines through transported cover over nearly 15km strike length of interpreted greenstone rocks at Hammerhead.

Work being carried out at the Wadderin and Yandina JVs is also targeting gold mineralisation associated with the regional Yandina Shear.

Due to the sparse outcrop in these large tenement packages exploration has been driven by detailed geological interpretation of geophysical datasets to map out the geology and structures thought to control gold mineralisation.

In addition to ongoing targeting at Hammerhead, recent exploration activity has included regional targeting on the Wadderin and Yandina JVs, which has identified a number of high priority targets for drill testing.

Cygnus indicated it is now planning a program to extend and infill the AC drill coverage at Hammerhead as well as deeper reverse circulation (RC) drilling under the best results to date.

The AC program will include first pass traverses across the higher priority Wadderin and Yandina targets.

These programs are planned to commence immediately post-harvest in late Q4.

“Even though early stage, the Hammerhead prospect is now a focus area on the Lake Grace JV where drilling programs are planned to commence over the coming months,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“Other targets on the Wadderin and Yandina JVs fill a pipeline of Joint Venture funded projects to be tested over the coming 6 to 12 months.

“I’d like to thank our partners Gold Road and acknowledge their support as we aim to emulate their success at Yamarna in the Southwest, an equally underexplored area within the prolific Yilgarn Craton.”

Gold Road has now reached the expenditure required to earn 51 per cent of the Lake Grace Earn-in project, and has elected to form a JV to earn an additional 24 per cent interest (75% in total) in the project by spending a further $500,000 within 18 months.

On the Wadderin Earn-in project, Cygnus and Gold Road have agreed to extend the minimum expenditure time required to achieve the $900,000 until December 31 2019 and extend the earn in period to 31 December 2020 where Gold Road is required to spend $1.6 million on exploration expenditure to earn 51 per cent.

All other terms remain unchanged.

The Hyden group of tenements were granted during September and these will be added to the existing Yandina JV.

 

Email: info@cygnusgold.com

Web: www.cygnusgold.com

 

Comet Resources Identifies Priority Graphite Targets

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THE DRILL SERGEANT: Comet Resources (ASX: CRL) has had an aerial electromagnetic survey (EM) carried out over the company’s Springdale graphite project in southern West Australia.

Comet Resources said the survey had identified multiple high-conductivity graphite targets all within close proximity to the currently defined Springdale graphite JORC Resource.

The company has earmarked all as high-priority targets for drill testing.

Comet reported the EM survey had clearly defined the outline of the Springdale graphite JORC Resource while also identifying multiple conductive graphite bedrock anomalies as high amplitude responses in the late-time EM within the block 1 survey area.

These targets are close to the existing Resource as well as along, the now clearly defined, prospective stratigraphy in the wider licence area.

The block 1 survey area was flown over the main Springdale graphite project licence that hosts an Inferred Resource of 15.6 million tonnes at 6 per cent Total Graphitic Carbon (TGC), including a high-grade portion of 2.6 million tonnes at 17.5 per cent TGC.

The majority of defined resources are situated within 60 metres of surface.

Comet has interpreted the strength of the graphite conductor response in this area to reflect the relatively shallow, flat-dipping geometry of the high-grade graphite units that has been demonstrated by previous drilling, making them high priority targets for future drilling.

In addition to the targets in close proximity to the existing resources, the survey also delineated numerous new targets within the project licence the company considers to clearly reflect the folded geometry of the prospective target graphite stratigraphy.

“EM has again been demonstrated as a powerful tool for us to target shallow, high-grade graphite mineralisation, increasing the capital efficiency of our exploration,” Comet Resources CEO Philippa Leggat said in the company’s announcement to the Australian Securities Exchange.

“The priority targets closest to the shallow, high-grade areas of our existing Inferred Resources of 2.6 million tonnes at 17.5 per cent TGC is where we will focus.

“Our recent diamond drilling program centred around the fold closure in the northern area of the resource.

“The strength of the EM response in this area is interpreted to reflect the relatively shallow, flat-dipping geometry of the high-grade graphite units as seen in previous drilling.

“We are excited to see the new results as they become available over the coming weeks.”

 

Email: comet@cometres.com.au

Web: www.cometres.com.au

 

Stavely Minerals Undertaking $19.6 Million Raising

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THE BOURSE WHISPERER: Stavely Minerals (ASX: SVY) is conducting a capital raising of $19.6 million by way of a share placement of 19.6 million shares at $1.00 per share.

Stavely Minerals said the raising would be used to fund accelerated gold and copper-gold exploration in western Victoria, Tasmania and Queensland, and for working capital purposes.

The raising comes quick on the heels of the company’s confirmation for its 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 executive chairman Chris Cairns said the company was extremely pleased with the response from investors to the capital raising and with the level of support shown for the company’s projects.

“Stavely Minerals is now very well-funded to accelerate our drilling at the exciting Thursday’s Gossan prospect – where we have enjoyed recent drilling success – and other regional targets in the company’s 100 per cent-owned Stavely project while also advancing our gold targets in Tasmania and Queensland,” Cairns said in the company’s announcement to the Australian Securities Exchange.

 

Email: info@stavely.com.au

Web: www.stavely.com.au

 

Saturn Metals Upgrades Apollo Hill Gold Resource

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) has completed an updated Mineral Resource estimate for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

The upgraded Mineral Resource totals 24.5 million tonnes at 1 gram per tonne gold for 781,000 ounces of gold.

Saturn Metals highlighted the increase in contained ounces from its previously published resource as it incorporates the results of a 152-hole, 18,600m extensional and in-fill drilling campaign completed since the last Mineral Resource upgrade published in mid-November 2018.

The updated Resource contains an addition of 96,000 ounces of gold from the previous Inferred and Indicated Mineral Resource.

Based on the additional drilling, a total of 9.2 million tonnes at 1g/t gold for 298,000 ounces is now classified as an Indicated Mineral Resource representing 38 per cent of the total Mineral Resource and a 250 per cent increase from the previous Indicated Mineral Resource.

Saturn Metals has now added 276,000 ounces to the Apollo Hill Mineral Resource in approximately 18 months with 28,000m of RC and diamond drilling.

“This resource upgrade is another significant step for the company and the Apollo Hill asset only a short while since listing,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Improvements in localised grade, ounces, tonnes, quality and Mineral Resource categories, all with efficient drilling and at an effective discovery cost per ounce, bode well for the development of our business.

“With some of the strongest intersections located in the newly discovered higher-grade hanging-walls, the system is wide open for rapid expansion.

“Drilling has already resumed to test these and other step out targets and results from this expansionary phase of our journey will be reported in due course.”

Resource additions since Saturn listed on the ASX in March 2018 have been made at a rate of 9.8 gold ounces for every metre drilled and modelled.

The company’s strategy moving forward is to target further expansion of the Apollo Hill gold deposit and look for new deposits across its regional land package before initiating a scoping study.

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Meteoric Resources Continues Juruena Golden Run

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) managing director Andrew Tunks spoke with The Resources Roadhouse at the 2019 Brisbane Resources Round-up.

Meteoric Resources had earlier announced the latest batch of assays from the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources has received assays from drill holes JUDD003 to JUDD008 of its maiden drilling program, the results from which have continued to produce fresh bonanza grade gold intercepts.

Gold assays received for latest batch of diamond drill holes, include:

JUDD008
14 metres at 81.7 grams per tonne gold from 142m, including 2m at 71.6g/t gold from 144.5m and 2.5m at 287.4g/t gold from 149m; and

JUDD007
3.5m at 15.3g/t gold from 124m, including 1m at 51.9g/t gold from 124m.

Meteoric explained that hole JUDD008 has extended the high‐grade core of mineralisation outside the Indicated portion of the Dona Maria Mineral Resource.

The JUDD008 intercept indicated above was encountered 30m south and around 40m down dip of JUDD001, which intersected 20.6m at 94.9g/t gold from 96.8m, including 3.65m at 508.4g/t gold from 107.5m, with potential that the bonanza grade portion extends even further to the south.

“We knew with the visible gold detected in Hole JUDD008 that the results would be very exciting indeed, but we are thrilled to report more significant intercepts such as fourteen metres at 81 grams per tonne gold in JUDD008 and three and a half metres at 51 grams per tonne gold in JUDD007,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“To date the initial drilling at Don Maria has been a great success and has given us the confidence to model a potential high‐grade ore shoot that we will test in a final deep hole at the end of the program.

“Holes JUDD09 to JUDD013 are being logged and sampled and we look forward to reporting the full results once the assays are returned in early November.

“At Juruena we are now moving our attention to the Tomate and Querosene prospects where we intend to drill a further 10 holes testing some high‐grade areas both inside and outside the known resources.”

Just nearby is Meteoric’s Novo Astro project, which along with Juruena is considered by the company to comprise the most prospective cluster of targets within its extensive Brazilian portfolio.

Previous artisanal mining at Juruena and Novo Astro has identified and exploited both alluvial and primary mineralisation resulting in the manual production of approximately one million ounces of gold.

The Juruena project was intensely drilled by several previous explorers, however, Novo Astro has only been explored by surface exploration meaning there has never been any drilling of Novo Astro to test the gold grade and depth extent of the surface alteration and mineralisation that has been mapped, and where Meteoric recently collected high‐grade rock chips up to 290g/t gold.

Drilling began at Novo Astro in early October, commencing at the José prospect, (Hole NADD005) where rock chip samples of over 200g/t were previously collected.

“I am also excited to report that drilling has now commenced at Novo Astro with the first hole collared into the José prospect on 2 October and expected to be complete by the 15th,” Tunks said.

“A more fulsome update will be provided once the core is geologically logged.”

 

Web: www.meteoric.com.au

 

Auroch Minerals Progresses Saints Nickel Project Drill Program

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) kept the market up to date on the progress of its maiden drilling program underway at the company’s recently-acquired Saints nickel project near Kalgoorlie in Western Australia.

Auroch Minerals reported that latest diamond drill-hole SNDD005 had intersected 1.6 metres of semi-massive to massive sulphide mineralisation.

The company claim the mineralisation is nickeliferous, with pentlandite (one of the major nickel sulphide ore minerals) observed intergrown with pyrrhotite, along with pyrite and chalcopyrite (a copper sulphide ore mineral).

The interval has been processed and sampled by the Auroch team; however full assays are pending.

Auroch explained that SNDD005 was drilled to confirm the modelled nickel sulphide mineralisation at Saint Patricks.

As the company does not have access to the drill core nor the collars of the majority of the historic drill-holes that intersected the Saint Patricks mineralisation, which were drilled by WMC in the 1990’s, the modern drilling is being undertaken to confirm the position, thickness and grade of the nickel sulphide mineralisation.

“We are very pleased with the progress 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 are halfway through the program and progressing on-schedule and on-budget, and the drilling has been of a high standard.

“The nickeliferous massive sulphides intersected in drill-hole SNDD005 are very interesting and we look forward to receiving the assay results as soon as possible.

“With five holes remaining to drill, all of the assay results still to come and down-hole EM surveys commencing next week, we look forward to receiving a large amount of data over the next two months that will guide the next phase of drilling at the Saints nickel project in early 2020, and will continue to update the market as this information is received.”

Four other drill-holes (SNDD001 – SNDD004) have been drilled outside of the existing resource areas – two drill-holes at the Western Contact and two drill-holes at Saint Patricks, respectively – and were designed to glean information such as DHEM data in positions down-plunge and/or along strike from the known nickel sulphide mineralisation.

All four drill-holes also intersected disseminated to matrix sulphides and thin zones of massive sulphides of varying widths up to 30 centimetres; however, Auroch indicated it is not known if these zones contain economic grades of nickel.

Drill-hole SNDD006 is underway and is designed to further test the modelled nickel sulphide mineralisation at Saint Patricks.

Auroch is expecting a field team from GEM Geophysics (GEM) to be on-site soon to undertake DHEM surveys on all of the drill-holes completed in the current program to-date.

The data from this program will be used to model drill targets for the next phase of drilling to begin in early 2020.

 

Email: admin@aurochminerals.com.au

Web: www.aurochminerals.com.au

 

Metalicity Planning Next Kookynie Drilling Campaign

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THE DRILL SERGEANT: Metalicity (ASX: MCT) has planning underway for the commencement of the next drilling campaign to be carried out at the company’s Kookynie gold project in the Goldfields region of Western Australia.

Metalicity explained the planning was got underway after it had received funds of $203,063 via a recent share placement.

The planning for the next drilling campaign will involve identifying locations prospective for gold mineralisation that has not been adequately tested through historical exploration.

Following recent high-grade gold results, Metalicity indicated it is fairly keen to get back on the ground.

The company expects to be drilling later in October and will keep the market updated on any developments.

“The recently completed placement is a fantastic endorsement of not only the project, but also how we and our farm-In partner, Nex Metals are developing the Kookynie area,” Metalicity managing director and CEO Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.

“Coupled with the recent results of our very short drilling program in September, I am excited to be potentially presenting more results in 2019.”

 

Web: www.metalicity.com.au