Meteoric Resources Hits Bonza Brazil Grades at Juruena

/in , /by

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) received assays from from its maiden drilling program currently underway at the company’s 100 per cent- owned Juruena gold project in Brazil.

Meteoric Resources said the assays related to the first two diamond drill holes of its current campaign, JUDD001 and JUD002, both of which intersected visible gold at the Dona Maria rospect.

DDH JUDD001 intercepted a thick zone of strongly altered granite and assays confirm a broad zone of bonanza grades, including:

20.6 metres at 94.9 grams per tonne gold from 96.8m, including 3.65m at 508.4g/t gold from 107.5m.

DDH JUDD002 intercepted two separate zones of alteration and gold mineralisation returning assays of:

1.1m at 22.68g/t gold from 41.2m; and
4.5m at 6.2g/t gold from 46.6m.

“We were expecting something special from our first holes at Juruena after we intersected visible gold and intense alteration, however the results have exceeded even my expectation,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“In fact, this is the best drilling intercept I have ever been involved with in my career.

“While we were confident of the possibilities based on the historic drilling and the gold we observed, it is very reassuring to have assay numbers that support our interpretation.

“I am extremely proud of what the company and the exploration team has achieved since the acquisition in April.

“We have recruited and deployed excellent staff, contracted and mobilised two drill rigs and struck bonanza grades.

“All done in remarkably quick time.

“We have now completed eight holes and are testing some deeper targets beneath Dona Maria that are very exciting.

“The geological logging, sample dispatch and assay procedures are flowing well ensuring a steady flow of drill results over the coming months.

“Furthermore, we have recognised the untapped potential at the Novo Astro project and moved quickly to execute an exploration and drilling program in tandem with Juruena.”

 

Web: www.meteoric.com.au

 

Blackstone Minerals Upgrades Ta Khoa Nickel Sulphides

/in , /by

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced PGE assays from the maiden drill results at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals declared the maiden PGE assays have potential to greatly the economics of the large unmined disseminated sulphide prospect at Ban Phuc with the initial three holes delivering results of:

BP19-01
22 metres at 0.76 per cent nickel, 0.13 per cent copper, 0.01 per cent cobalt and 0.4 grams per tonne PGE from 138m;

BP19-02
17.8m at 1 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 106.6m; and

BP19-03
45.5m at 1.2 per cent nickel, 0.17 per cent copper, 0.01 per cent cobalt and 0.35g/t PGE from 56.5m.

Blackstone explained that its assays are the first ever PGE assays for the Ban Phuc disseminated sulphide zone (DSS), as previous owners focused entirely on massive sulphide veins (MSV) and only minimal PGE assays have been taken throughout the Ta Khoa nickel project.

The company’s drilling of the Ban Phuc DSS has delivered peak assays up to 3.4 per cent nickel and 2g/t PGE.

Blackstone considers the previously unrecognised PGE grades associated with the Ban Phuc DSS suggest a potential by-product credit could enhance the future economics of the Ta Khoa nickel project.

“Our maiden PGE assays from the Ban Phuc disseminated sulphide are a game-changer for the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We look forward to better understanding the project’s full potential as we receive further assays from our drilling program.”

Blackstone is continuing with drilling at Ta Khoa to test high impact targets generated from a recently completed maiden induced polarisation (IP) survey.

Assays are also pending for the next four drill holes from the Ban Phuc disseminated sulphide zone.

The Ta Khoa nickel project is located 160 kilometres west of Hanoi.

The project includes the existing Ban Phuc nickel mine, which was built to Australian Standards and is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Predictive Discovery Buoyed by Kaninko Sampling Results

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) has been encouraged by sampling results received from the company’s 100 per cent-owned Kaninko project in the Siguiri Basin of Guinea.

Predictive Discovery’s landholdings cover 500 square kilometres in Guinea, most of which is dotted with widespread artisanal gold workings.

The company has received results of 12 vertical channel samples collected at its new Kaninko project from large and active artisanal mine sites.

Seven samples taken from workings in strongly weathered bedrock (saprolite) returned an average value of 1.5 grams per tonne gold with a peak value recorded of 4.6g/t gold.

The company explained that this zone of saprolite exposure extends for 300 metres in a north-easterly direction but extensive surrounding surficial (laterite) workings suggest that potential area of bedrock mineralisation may be much larger.

Predictive has commenced a of systematic channel sampling of saprolite exposures in the deeper pits along with grid-based sampling of surficial (laterite) spoil in the surrounding area.

“These early results from Kaninko add a promising new prospect into our Guinea portfolio following the earlier results from Kankan and Nonta which identified extensive soil geochemical anomalies,” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.

“The better results were obtained from vertical channel sampling of weathered bedrock within a 300-metre length of artisanal workings from which artisanal miners report that they are currently extracting significant quantities of gold.

“We are hopeful that follow-up exploration of this site will enable us to expand the prospective area substantially and provide a strong target for drilling during the March Quarter.

“We are continuing with our evaluation of new opportunities in the Siguiri Basin and expect to announce further ground acquisitions in Guinea in the coming months.”

Predictive is currently undertaking follow-up vertical channel sampling over the artisanal site as well as sampling dumps derived from surrounding surficial workings.

The company has also been mapping new artisanal mine sites on the property with systematic sampling to be conducted across them in the coming weeks.

Predictive indicated that larger scale geochemical surveys on the Kankan, Nonta, Kaninko and possibly Boroto properties will be undertaken in the next few months that may be accompanied by ground geophysical surveys where appropriate.

All this work is aimed at readying Predictive’s best Guinea prospects for drilling in the March Quarter of 2020.

 

Web: www.predictivediscovery.com

 

Moho Resources Confirms Strong Gold Anomaly at Burracoppin

/in , /by

THE DRILL SERGEANT: Moho Resources (ASX: MOH) was eager to announce completion of a maiden auger drilling program at the Crossroads prospect within the company’s Burracoppin gold project in Western Australia.

Moho Resources’ recent auger exploration program consisted 814 shallow auger holes to test aeromagnetic and gravity targets plus gold in soil anomalies within E70/4688.

The program focused on a number of exploration targets which the company had previously identified within the Tampia Structural Corridor of the Southwestern Terrane and located approximately 22 kilometres from Ramelius’ Edna May gold mine near Westonia.

Moho has received results from the first 380 samples at the Crossroads prospect, demonstrating >25ppb gold anomalies and a number of >100ppb gold anomalies within E70/4688.

A broader gold anomaly was also identified at the >8ppb level measuring approximately 1.4 kilometres east to west by 0.7km north to south that remains open to the north, west and east.

A partly coincident, high contrast arsenic anomaly peaks between 16 to 61ppm arsenic over a grid background level of 1-4ppm arsenic at the west, east and northern ends of the >25ppb gold anomaly.

Moho indicated it is proposing to undertake follow up auger sampling to the north, east and west of the currently defined >8ppb gold anomaly.

“Identification of such a strong gold in soil anomaly in first pass auger drilling is a great result for Moho and our exploration team and confirms the company’s initial assessment of the gold prospectivity of the Burracoppin project, Moho Resources managing director Shane Sadlier said in the company’s announcement to the Australian Securities Exchange.

“Coincidence of arsenic with the gold anomalism is very encouraging.”

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Galileo Mining Scores First-up Subzero Zinc and Copper Hits

/in , /by

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) was excited to announce the results from the first drilling program at the company’s Subzero prospect near Norseman in Western Australia.

Galileo Mining drilled six Reverse Circulation (RC) at the Subzero prospect, constituting the first drilling program focussed on testing beneath a zone of outcrop with anomalous surface copper assays.

Three holes (NRC241 to 243) were drilled on the same section to provide an understanding of the geometry and potential for mineralisation.

A further three holes (NRC244 to 246) were drilled beneath the outcrop 25 metres north and south of the drill section.

Galileo declared the drilling had intersected highly anomalous zinc and copper in all six drill holes, including:

NRC243
29 metres at 0.49 per cent zinc from 119m, including 10m at 0.14 per cent copper, 0.37 per cent zinc and 1.9 grams per tonne silver from 137m;

NRC241
16m at 0.41 per cent zinc from surface, including 8m at 0.15 per cent copper, 0.62 per cent zinc and 3g/t silver from 8m; and

NRC242
14m at 0.22 per cent zinc from 26m and 16m at 0.28 per cent zinc from 42m.

The company said gold and copper assays suggest potential for VMS mineralisation from:

NRC241
6m at 0.1g/t gold, 1.9g/t silver and 0.12 per cent copper from 34m; and

NRC242
5m at 0.1g/t gold, 1.9g/t silver and 0.14 per cent copper from 76m.

“This first round of drilling at the Subzero prospect has demonstrated the rocks are mineralised with highly anomalous values of copper, zinc and gold,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“It appears that the mineralisation is related to a large-scale volcanic system with potential for an economic VMS style deposit.

“Importantly, our extensive conductive target has been shown to be related to sulphides containing copper and zinc.

“With over two kilometres of untested strike length we also have a large number of additional targets ready for our next phase of drilling to commence in November.”

 

 

Email: info@galmining.com.au

 

Web: www.galmining.com.au

 

Pioneer Resources Completes Initial Drilling Cade Spodumene Deposit

/in , /by

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) completed its inaugural drilling program, targeting lithium mineral spodumene, hosted in lithium-caesium-tantalum (LCT) pegmatite rocks, at the company’s 100 per cent-owned Pioneer Dome North group of prospects in Western Australia.

Pioneer Resources explained that all drill samples of intersected pegmatite are now in the laboratory for analysis, the results for which are expected by the end of next week.

The company reported earlier this year that spodumene-bearing LCT pegmatites had been discovered by its geologists at two locations within the Dome North Area who recorded spodumene mineralisation intersected beneath the discovery outcrops.

The recent drilling consisted 29 reverse circulation (RC) drill holes completed at the initial two targets, 21 of which intersected pegmatite.

The program was subdivided into two drill areas:

The Cade deposit (previously Spodumene Target 2) was tested with 24 holes with 14 intersecting the tabular pegmatite dyke, which, horizontally, is approximately 800m long, with a maximum thickness of 35m, extending down plunge to at least 311m.

Two holes intersected a separate, previously unrecognised pegmatite (Spod3) to the northeast of the Cade Pegmatite.

Five holes were completed at Spodumene Target 1, all of which intersected pegmatite, with a maximum thickness to date of 15m.

“The inaugural drilling program at Dome North has been an unqualified success, identifying the presence of multiple spodumene-bearing pegmatite dykes,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This provides the basis for an intensive exploration program to delineate what we hope will be a substantial group of deposits.

“With the proceeds from the sale of Sinclair pollucite, the company is well funded to advance the project.”

 

 

Web: www.pioresources.com.au

 

Peel Mining Hits New Intercepts Within Wagga Tank Corridor Zone

/in , /by

THE DRILL SERGEANT: Peel Mining (ASX: PEX) informed the market of drilling results from the Corridor Zone, located between the Wagga Tank and Southern Nights deposits on the company’s 100 per cent-owned Wagga Tank project, south of Cobar in western New South Wales.

Peel Mining’s recent efforts involve the completion of drillholes WTRCDD141 and WTRCDD141W1 that were designed to follow-up drillhole WTRCDD123, which had encountered a massive sulphide mineralised intercept.

The company said that geological logging and portable XRF analyses had confirmed zones of variable pyritesphalerite-galena rich sulphides comprising massive, semi-massive and breccia/stringer style mineralisation.

WTRCDD141 intersected zinc-lead rich mineralisation from around 554 metres to around 594m downhole, including several zones of strong massive zinc-lead rich mineralisation.

WTRCDD141W1 intersected zinc-lead rich mineralisation from approximately 505m to around 508m downhole, and from near 580m to about 619m downhole, including several zones of strong massive zinc-lead rich mineralisation.

“The intersections in WTRCDD123, WTRCD141 and WTRCD141W1 are considered highly important as they provide further support that the Wagga Tank and Southern Nights deposits are interconnected, and like other significant Volcanogenic Massive Sulphide deposits, mineralisation is likely to cluster and stack in multiple lenses,” Peel Mining said in its ASX announcement.

“Whilst the geometry of the mineralised zones remains complex, it is believed that mineralisation is likely to be sub-vertical/steeply dipping to the west and therefore the true width on the above intercepts would be around 40 to 50 per cent of the downhole widths.”

Peel Mining released a maiden Indicated and Inferred Mineral Resource Estimate (MRE) for Wagga Tank-Southern Nights in July of 3.8 million tonnes at 5.5 per cent zinc, 2.1 per cent lead, 75 grams per tonne silver, 0.27 per cent copper and 0.31g/t gold or 9.2 per cent zinc equivalent.

 

Email: info@peelmining.com.au

Web: www.peelmining.com.au

 

Black Cat Syndicate Identifies New Lode at Trump North

/in , /by

THE DRILL SERGEANT: Black Cat Syndicate (ASX BC8) has set a cracking pace in terms of drilling activity at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate released results from its recent drilling activity that included the intersection of a new Lode at the Trump North target.

The company said the intersection of the new lode at Trump North, 300 metres north of Trump, had confirmed the Trump Corridor extends over 1,100m.

Results include:

19TRRC025
4 metres at 13.46 grams per tonne gold from 50m – Trump North;

19TRRC022
5m at 2g/t gold from 72m – Trump North; and

19TRRC026
2m at 10.14g/t gold from 64m – Trump.

Other activities included extensional drilling at the Myhree and Boundary targets, which the company said had also confirmed continuous mineralisation along that particular 1,650m corridor which remains untested beyond the drilled extents.

New results include:

19MYRC080
6m at 7.58g/t gold from 268m – Myhree;

19MYRC081
3m at 2.96g/t gold from 266m – Myhree;

19BORC049
1m at 26g/t gold from 92m – SAM Target 2;

19BORC041
5m at 3.35g/t gold from 53m – Boundary; and

19BORC048
2m at 5.47g/t gold from 138m – SAM Target 1.

Black Cat indicated it now has Resource upgrades underway for both Trump and Boundary with results to be reported later in September 2019.

Additional Sub-Audio Magnetics (SAM) surveys to extend the Myhree-Boundary corridor two kilometres north and 1.5km south are underway, with field work complete and processing in progress.

Feasibility studies have commenced at the Myhree deposit with metallurgical testwork and geotechnical studies in progress.

Exploration RC drilling of targets in the Greater Woodline area will commence in early October 2019.

“We are continuing to infill and extend the known Resources at Bulong which will add to our current feasibility studies,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The deeper strike extensions at Myhree provide further confidence in the Resource that is the focus of the feasibility study.

“Using the results of SAM surveys, it is exciting to find new lodes close to our potential mining operations.

“Results at Trump North show that the western most of the three mineralised corridors continues to the north with excellent potential to add to future Resources.

“We expect the results of an additional 3.5 kilometres of SAM surveys along these corridors to also highlight additional targets.

“Following completion of a recent SAM survey, drilling of numerous high priority targets will commence at Greater Woodline in October 2019.

“Greater Woodline remains under-explored and a significant opportunity for Black Cat.”

 

Email: admin@blackcatsyndicate.com.au

Web: www.balckcatsyndicate.com.au

 

Metalicity Completes Latest Kookynie Drill Program

/in , /by

THE DRILL SERGEANT: Metalicity Limited (ASX: MCT) completed the initial phase of a larger, planned drilling program at the company’s Kookynie gold project, located south Leonora in Western Australia.

Metalicty carried out the program of reverse circulation (RC) drilling at Kookynie to confirm zones of known mineralisation.

The latest program consisted of three holes in total, conducting one at each of the Champion, McTavish and Leipold targets for 270 metres of RC drilling.

The company had completed drilling in June and July this year that supported its interpretation of the controls of mineralisation.

The subsequent drilling on the Champion, Leipold and McTavish prospects was designed to also test mineralised cross cutting (east-west) structures that control the main north-south mineralised trends that host the historical workings and historical drill hole intercepts.

Metalicity indicated it expects results from this drilling program to be available at the end of September 2019.

“We are pleased to have completed this initial phase of drilling ahead of our larger, planned drilling campaign for the Kookynie project of which the current rights issue is designed to fund,” Metalicity managing director Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.

“Money from the placement was used for this program and is an integral step as part of our methodical approach to exploration and development.

“I look forward to presenting the results from this drilling in due course and performing a larger, more comprehensive drilling program after the conclusion of the rights issue.”

 

Web: www.metalicity.com.au

 

Bellevue Gold Confirms Deacon and Mavis Gold Discoveries

/in , /by

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) declared that recent diamond core drilling outside of the current resource area at the company’s Bellevue gold project in Western Australia has confirmed its latest gold discovery.

Bellevue Gold said the drilling had identified bonanza grade ore shoots at the new Deacon Lode and while confirming a new parallel Lode named Mavis that contains high-grade gold mineralisation.

The recently identified high-grade Deacon & Mavis Lode system sits directly below the historic Bellevue underground mine in an area previously undrilled.

Mineralisation is open up and down dip as well as north and south along strike, which Bellevue claimed to represent, “yet another major ‘resource drill ready’ target for the company”.

Bellevue Gold has received results for 10 holes from a completed 14 holes targeting the Deacon discovery with Bellevue style biotite shearing which was intercepted in all drill holes with quartz sulphide visible gold mineralisation logged in eight of the holes.

Results from the first seven holes include intercepts of:

DRDD218
4.4 metres at 62.4 grams per tonne gold from 692m;

DRDD130
3.6m at 18.3g/t gold from 654.6m, including 2.2m at 27.8g/t gold from 656m and 2.2m at 38g/t gold, including 1.1m at 75.3g/t gold from 654.6m; (Mavis Lode)

DRDD088
1.8m at 5.9g/t gold from 653m;

DRDD086
2m at 4.2g/t gold from 669m and 2.4m at 4.9g/t gold from 676m;

DRDD139
2.5m at 5.1g/t gold from 753m;

DRDD110
2m at 4.9g/t gold from 748m; and

DRDD105
9.5m at 0.5g/t gold from 594.5m. (Deacon Lode – 300m northern step-out hole)

“These recent high-grade drill results and DHEM conductors confirm the presence of very high-grade gold mineralised shoots within the Deacon Lode analogous to the historic Bellevue mine and our Viago discovery,” Bellevue Gold managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“It is important to note, the current drilling is on very broad centres and the results received for the initial few holes over the 1,400 metres of strike have comparable intersections and scale to the adjacent Bellevue Lode that was mined from 1986 to 1997 and produced 800,000 ounces of gold at 15 grams per tonne.”

Bellevue Gold has drilling continuing at the Bellevue project with six diamond rigs operating on double shift.

A total of three rigs are currently testing the new high-grade Deacon and Mavis discoveries and also following up on resource step-out targets.

The remaining three drill rigs have commenced infill on shallow areas to upgrade the resource category.

 

Email: admin@bellevuegold.com.au

Web: www.bellevuegold.com.au