Cassini Resources Encounters Multiple High-Grade Copper Hits at One Tree Hill

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) declared recording the best results to date from drilling underway at the One Tree Hill prospect within the West Musgrave project (WMP) in Western Australia.

Cassini Resources explained the ongoing exploration program is being funded as part of the company’s Joint Venture Agreement with OZ Minerals (ASX: OZL).

The JV is currently undertaking a Pre-feasibility Study (PFS) on the Nebo-Babel deposits in conjunction with a regional exploration program across the WMP.

The latest results stem form drill hole CZD0099, which returned high-grade results including:

9 metres at 2.56 per cent copper, 0.37 per cent nickel, 0.06 per cent cobalt and 1.32g/t PGE from 344m within a broader disseminated zone of 40m at 1.16 per cent copper from 343m (Zone B)

6.2m at 3.61 per cent copper, 0.11 per cent nickel, 0.03 per cent cobalt and 0.51g/t PGE from 435.8m within 22m at 1.80 per cent copper from 435m (Zone C)

0.75m at 1.71 per cent Ni, 0.52 per cent copper, 0.10 per cent cobalt and 2.67g/t PGE from 133m within 44.7m at 0.35 per cent copper from 116.3m (Zone A).

Cassini described the results as encountering, “the first significant zone of nickel-rich massive sulphides at this prospect”.

Four distinct zones of mineralisation were intersected in the hole:

Zone A. Predominantly disseminated copper mineralisation in a meta-gabbro intrusion starting at 100m below surface.

Zone B. A broad zone of mineralised meta-gabbro with a copper-rich massive sulphide at the top of the unit.

Zone C. A second broad zone of copper-rich gabbro, also with a massive sulphide component at the top of the unit.

Zone D. A very narrow massive sulphide zone that corresponds with the target EM conductor.

“CZD0099 has exceeded our expectations,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“We’ve intersected several mineralised zones that were effectively blind to previous geophysical modelling, and this presents real opportunities for further exploration success.

“It’s also worth recognising that whilst this is only our sixth hole at the One Tree Hill prospect, it is showing all the hallmarks of a major mineralised system with the potential to add future mine life and value to the West Musgrave Project.

“The exploration results continue to confirm the excellent prospectivity and potential of the project.”

Cassini indicated it considers high resolution magnetic data very important for future exploration at One Tree Hill, however, the current magnetic data it possesses is relatively coarse and does not allow confident mapping of lithologies and structures at the prospect scale.

This being the case, the company has an airborne magnetic survey planned to be carried out prior to follow-up drilling that will extend west across the tenement boundary into Cassini’s 100 per cent-held Mt Squires project to assist exploration at both projects.

The survey will also extend north east to ensure complete high-resolution coverage of the entire extent between One Tree Hill and Nebo-Babel.

Cassini said it expects the surveying and processing will be completed by the end of July, from which the interpretation of new magnetic data will assist follow-up drill targeting.

The relatively shallow nature of the upper parts of this system means that at least that part is amenable to testing by RC rather than Diamond drilling, which is both faster and cheaper.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Exore Resources Confirms Veronique Gold Discovery

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THE DRILL SERGEANT: Exore Resources (ASX: ERX) declared that results from ongoing shallow aircore (AC) drilling had confirmed the company’s emerging Veronique gold discovery in northern Cote d’Ivoire.

Exore Resources said the results had provided progress towards the company’s objective of defining a multi-million-ounce gold project in northern Cote d’Ivoire.

The ongoing AC drilling at Veronique intersected high-grade, shallow gold mineralisation the company said produced evidence of a new gold discovery with large-scale potential.

Results from the latest broad-spaced, shallow AC drilling include:

12 metres at 7 grams pe tonne gold from 16m;
12m at 3.12g/t gold from 36m;
1m at 38.01g/t gold from 28m (EOH); and
8m at 2.23g/t gold from 48m.

“We remain extremely excited about the potential for a large-scale gold discovery at Veronique with these latest exceptional shallow aircore results,” Exore Resources managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“This latest drilling has resulted in an interpreted WNW strike orientation to the mineralisation which opens up the potential for a large array of kilometre scale sub-parallel mineralised lodes across many kilometres in width.

“The improved confidence in the strike orientation allows for ongoing infill and step out aircore drilling during the wet season in preparation for maiden RC drilling at the start of the dry season.”

 

Email: info@exoreresources.com.au

Website: www.exoreresources.com.au

 

Cygnus Gold Extends Bencubbin North Nickel Anomalism

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THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) extended nickel anomalism on the back of further results from soil sampling over the Bencubbin North nickel and base metals prospect within the company’s wholly owned Bencubbin project in the Wheatbelt region of Western Australia.

Cygnus Gold completed an additional 267 auger soil samples it claims to have extended its original nickel auger soil results noting the nickel anomalism is associated with widespread copper and PGE anomalism.

The company reported that a total of 74 samples assayed for PGEs were also anomalous, with maximum values of palladium (Pd) of 44.4ppb (associated with 5.5ppb Platinum) and maximum platinum of 11.8ppb (with 35ppb Pd).

Cygnus Gold explained that similar levels of PGE anomalism in soils are commonly associated with mineralised nickel sulphide systems elsewhere in the WA Goldfields, which it considers demonstrates potential for magmatic nickel sulphides at Bencubbin.

“The Bencubbin nickel and base metals project is shaping up as a high priority asset for the company, with sampling confirming the prospectivity of the northern section of more than 70 kilometres of untested prospective stratigraphy,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“The company also acknowledges the WA Government awarding $150,000 in EIS funding towards drilling at Bencubbin.

“This recognises the technical merits of the project, as well as the underlying prospectivity of the WA Wheatbelt.”

With the surface sampling having extended the nickel-copper and copper-lead-zinc prospectivity at Bencubbin North, outlining widespread PGE anomalism consistent with potential for magmatic nickel-copper sulphide mineralisation, Cygnus Gold declared it intends carrying out infill sampling to refine targets for drill testing with sampling to commence on the highest priority targets in the middle of this month.

Cygnus is also planning to commence sampling on the Bencubbin South tenement over extensions of the Bencubbin Greenstone as well as further sampling of the Mandiga Trend, located at the southern end of Bencubbin North project, which it considers highly prospective for base metals.

Drilling is planned in the second half of the year once it has received and interpreted these results.

 

Email: info@cygnusgold.com

Website: www.cygnusgold.com

 

VRX Silica Upgrades Muchea Mineral Resource Estimate

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THE DRILL SERGEANT: VRX Silica (ASX: VRX) completed drilling at the company’s Muchea silica sand project north of Perth in Western Australia that has led to an upgraded Mineral Resource Estimate.

VRX Silica announced the JORC 2012 Mineral Resource Estimate for the Muchea silica sand project, which has been upgraded to 208 million tonnes at 99.6 per cent silicon dioxide (SiO2) comprising a 49 per cent increase to the JORC 2012 Indicated Resource estimate of 29 million tonnes at 99.6 per cent SiO2 and a four percent increase to the JORC 2012 Inferred Resource estimate of 179 million tonnes at 99.6 per cent SiO2.

“This drill program is over an area of 217ha, which is still only a small portion of the 2,900ha Mining Lease Application area,” VRX Silica managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“Testwork indicates that high-grade silica sand can be produced from Muchea for which there is strong demand for glassmaking in Asia.

“With low variability of results over the Resource area our expectation is that the majority of the Indicated Resource will convert to Probable Reserves in our impending BFS.”

The company explained the Resource estimate only includes sand three metres above the year 2000 mapped water table level and discounts the top half metre of topsoil, which will be used for rehabilitation.

VRX claims metallurgical testwork it has carried out to-date confirms its updated silica sand model to be readily amenable to upgrading by conventional washing and screening methods to produce a high-purity silica sand product with high mass recoveries.

The high-purity silica sand product specifications are expected to be suitable for industries such as the glass making and foundry industries.

VRX Silica anticipates that further testwork focusing on currently discounted sand layers may result in further reinterpretation and upgrades to the Muchea MRE.

The company indicated future drilling and estimations will include this zone of sand which is expected to add to the Resource inventory.

A more extensive Program of Work (PoW) has been lodged to enable an aircore drill program over areas that have been previously hand augered.

Drilling is planned for the September quarter 2019.

 

Email: info@vrxsilica.com.au

Website: www.vrxsilica.com.au

 

St George Mining Assays Confirm High-Grade Drill Hits

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced further thick intercepts of high-grade nickel-copper-cobalt-PGE sulphide mineralisation from Phase 1 of its 2019 drill program at the company’s Mt Alexander project in Western Australia.

St George Mining said it had received assays indicating that drilling had intersected nickel-copper sulphide mineralisation with the best intersections being at the Investigators prospect.

Laboratory assays for hole MARC118 confirmed thick intersections of high-grade nickel-copper-cobalt-PGE mineralisation of:

10 metres at 2.47 per cent nickel, 1.06 per cent copper, 0.07 per cent cobalt and 2.52 grams per tonne PGEs from 142m, including 3m at 3.85 per cent nickel, 2.12 per cent copper, 0.11 per cent cobalt and 4.22g/t PGEs from 145m and 2m at 5.04 per cent nickel, 1.47 per cent copper, 0.16 per cent cobalt and 2.12g/t PGEs from 150m.

St George explained that hole MARC118 was drilled along the north-south MAD60 Line at Investigators, where high-grade nickel-copper sulphide mineralisation had previoulsy been intersected from very shallow depths of 25m below surface and extending down-plunge for a length of more than 380m.

The company said the 10m thick high-grade intercept in MARC118 greatly extends the continuity of mineralisation on the north-south trending MAD60 Line.

High-grade mineralisation was also intersected in hole MARC109, which was drilled approximately 200m to the west-northwest of MARC118.

Assays for MARC109 returned:

4m at 1.21 per cent nickel, 0.47 per cent copper, 0.04 per cent cobalt and 0.99g/t PGEs from 200m, including 2m at 2.04 per cent nickel, 0.83 per cent copper, 0.07 per cent cobalt and 1.67g/t PGEs from 202m.

“The latest high-grade intersections at Investigators establish further continuity to the scope and scale of mineralisation at Investigators,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Ongoing step-out drilling is being planned for Investigators, with two SAMSON EM anomalies in the northern section of the prospect area lined up as high-priority targets for the upcoming drill program.

“The SAMSON anomalies are corroborated by data from two separate geophysical surveys – the recent Sub-Audio Magnetics (SAM) survey as well as a prior moving-loop EM survey, and are compelling drill targets for the discovery of additional mineralisation.”

 

Website: www.stgm.com.au

 

Alliance Resources Delivers New Weednanna Drilling Results

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced results of diamond drilling recently undertaken at the company’s Weednanna gold deposit on the Eyre Peninsula of South Australia.

Alliance Resources completed five HQ sized diamond holes (19WDDH001-005) during January and February 2019 to provide metallurgical samples for the deposit’s fresh sulphide rock domains of Shoots 1, 2, 4, and 5.

Highlights of the results, included:

19WDDH001
39.1 metres at 3.51 grams per tonne gold from 46.9m, including 8.45m at 8.52g/t gold from 74.3m;

19WDDH005
9.4m at 12.45g/t gold from 97.3m, including 3.3m at 32.47g/t gold from 103.4m; and

19WDDH003
2.1m at 23.87g/t gold from 100.9m.

“The diamond drilling results have been provided to Alliance’s metallurgical consultants who are currently planning future metallurgical testwork to optimise the processing flowsheet and design of a gold processing facility for the Weednanna deposit,” Alliance Resources said in its ASX announcement.

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Tanga Resources Commences Hagenhof Drilling in Namibia

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THE DRILL SERGEANT: Tanga Resources (ASX: TRL) announced drillinhg has commenced at the company’s Hagenhof copper project in Namibia.

Tanga Resources explained the program has been updated to now consist of approximately 3,000 metres of diamond and Reverse Circulation (RC) drilling to test copper mineralisation at several targets at Hagenhof.

The company had to revise its previously announced RC drill program due to an unexpected delay in the arrival of an RC rig from South Africa, resulting in the drilling contractor providing a track mounted diamond drill rig, at no additional cost to the company, until the RC drill rig arrives, at which time the program will revert back to RC drilling.

“Diamond drilling has commenced at the Main Gossan targeting a prominent ground magnetic anomaly and will test the strike, plunge and grade of the historically reported copper mineralisation,” Tanga Resources said in its ASX announcement.

“It is expected that RC drilling will then test the prominent magnetic anomaly coinciding with a large interpreted structural domal feature at Liv’s Hill, before going on to test copper mineralisation at Jette’s Hill, Copper Cap and P5; all of which have never previously been drilled.”

 

Email: info@tangaresources.com.au

Website: www.tangaresources.com.au

 

De Grey Mining Scores Further High-Grade Intercepts at Toweranna

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) released results for an additional 17 RC drill holes undertaken at the company’s Toweranna gold deposit in the Pilbara of Western Australia.

De Grey Mining has now completed the RC program with a total of 42 holes drilling in advance of 10,126 metres.

The company explained the RC drilling was undertaken on a 40m by 40m basis to allow for an open pit resource estimation to 200m depth, targeting lateral and depth extensions to the existing shallow 2018 Toweranna Mineral Resource of 2.01 million tonnes at 2.2 grams per tonne gold for 143,900 ounces.

De Grey stated the new drilling results confirm lateral extensions and additional stacked lodes and add further support to an anticipated substantial increase to the current open pit resource to 200m depth.

Potential to extend gold lodes beyond 200m is currently being evaluated with selected scout diamond holes testing for mineralisation between 200 to 600m depth.

Latest RC results include:

TRC153
11 metres at 2.11 grams per tonne gold from 45m;

TRC164
8m at 2.71g/t gold from 31m, including 3m at 6.73g/t gold from 35m;

TRC157
7m at 9.27g/t gold from 209m, including 1m at 25.5g/t gold from 209m, including 1m at 17.85g/t gold from 212m; and

15m at 4.71g/t gold from 223m, including 3m at 8.55g/t gold from 223m, including 1m at 37.1g/t gold from 235m.

TRC158
12m at 2.23g/t gold from 195m;

13m at 1.61g/t gold from 217m; and

23m at 1.54g/t gold from 246m.

“De Grey continues to successfully establish strong shallow gold mineralisation at Toweranna,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“Toweranna continues to open our eyes to this new style of gold mineralisation.

“We don’t know how big Toweranna can be just yet as it remains open and is only constrained by the limit of drilling.

“This next phase of deeper scout diamond drilling will give us an indication of the resource potential between 200 to 600 metres depth.”

 

Email: admin@degreymining.com.au

Website: www.degreymining.com.au

 

Helix Resources Reports Interim Collerina Resource

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THE DRILL SERGEANT: Helix Resources (ASX: HLX) posted an interim maiden Indicated and Inferred Mineral Resource estimate for the Central Zone portion of the company’s Collerina copper deposit in the Cobar Region of Central New South Wales.

Helix Resources believes the high-grade copper from near surface at Collerina provides scope for potentially advantageous development optionality with the project being well located in a region with increasing development and exploration activity.

The interim Indicated and Inferred Mineral Resource estimate is 2.02 million tonnes grading 2.03 per cent copper, 0.1 grams per tonne gold and includes a high-grade massive sulphide component of 1.4 million tonnes grading 2.6 per cent copper, 0.2g/t gold.

The company explained this Resource announcement was delayed from earlier expectations due to the undertaking of a reinterpretation of the mineral system’s localised geometry, particularly in the deeper parts of the system, and with several delays in drilling.

The company considers the new interpretation will be a critical part in the planning for future drilling to expand on the Resource estimate.

The review established a robust and refined interpretation of the broader Collerina copper system and provided clear vectors to expand the known copper mineralisation envelope, well beyond the current drill pattern.

“The interim resource modelling process has substantially improved our overall understanding of the controls on the distribution of copper at the Collerina deposit,” Helix Resources managing director Mick Wilson said in the company’s announcement to the Australian Securities Exchange.

“Due to the drill density so far, only a modest portion of the Collerina system can be converted to JORC 2012 compliant resources at this stage.

“However, the low discovery costs to date and near-surface high grade copper reporting in the fresh portion of the Central Zone Plunge underpin the projects emerging value.

“Drilling in adjacent target areas, particularly up and down dip of the Central Zone Plunge are clear priorities.

“Our confidence in the refined geological shape and understanding of the structural controls on copper distribution and enrichment, with further drilling, we expect to see significant portions of the surrounding Exploration Target shape included in a deposit scale resource estimate.”

 

Email: helix@helix.net.au

Website: www.helix.net.au

 

Emmerson Resources Continues Result Run from Tennant Creek

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) declared the initial results from the first three diamond holes completed at the company’s 100 per cent-owned Mauretania project at Tennant Creek as, “exceptional”.

Emmerson Resources carried completed Drill hole MTDD003 that intersected 15 metres at 45.2 grams per tonne gold from 92m, including 4m at 158g/t gold.

The hole was ultimately abandoned in mineralisation due to ground conditions.

The company indicated it had identified visible gold in the lower section of a second hole, MTDD004, and visible supergene copper minerals malachite and azurite identified in the bottom section of the final hole, MTDD005.

Assay results from MTDD004 and MTDD005 plus the remaining lower section of MTDD003 expected later this month.

“This early assay result from our first diamond drill hole at Mauretania demonstrates the exceptionally high-grade nature of the mineralisation at shallow depths and given its association with hematite, provides exciting potential for discovering further similar mineralisation across the Tennant Creek Mineral Field,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“On a comparative basis, this early result from our 100 per cent-owned Mauretania project suggests the previous program of RC drilling underrepresented the gold grades.

“Furthermore, the indicative grades at Mauretania exceed those seen during similar stage drilling at our recently commissioned Edna Beryl gold mine, which has a mined head grade of approximately 30 grams per tonne gold.

“The diamond drilling at Mauretania is part of a two-stage exploration program with the next stage consisting of deployment of a Sub-Audio Magnetics geophysical survey to map out the strike extent of the mineralisation.

“We thank the Northern Territory Government for awarding collaboration funding to trialling this new technology and look forward to seeing the results.”

Emmerson indicated the trial SAM survey at Mauretania will commence in mid-June 2019, aimed at mapping the extent of the sheared ironstone that hosts the high-grade gold mineralisation.

SAM technology has been developed for simultaneously mapping of electrical and magnetic responses and is a high definition, ground-based technique that has applications to shear hosted gold and copper.

In addition to the Mauretania testing, Emmerson will also apply SAM to the Black Snake – Three Thirty area within the company’s Southern project area.

The results of the SAM survey and the remaining assays from the May 2019 drilling program will be used by Emmerson to plan the next phase of drilling at Mauretania.

 

Email: www.emmersonresources.com.au