Metalicity Confirms Fraser Range Copper-Nickel Potential

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THE DRILL SERGEANT: Metalicity (ASX: MCT) claimed that petrographic, analytical and geophysical modelling has confirmed the presence of anomalous, layered mafic intrusives at the company’s Fraser Range North projects in Western Australia.

Metaiclity reviewed diamond core from historic exploration holes, N3-1 and N1-1, which were drilled by Kennecott Explorations within the project areas during the 1980s, from which it noted traces of chalcopyrite, and a rock unit (layered mafic intrusives) prospective for Fraser Range-style nickel-copper sulphides.

Metalicity subsequently sought to further inspect the drill cores, with samples for polished thin sections taken from both drill holes to understand the mineralogy of specific fractions within the layered mafic.

Then, the core was cut and quarter-sampled at selected lengths culminating in a total of 39 samples (four from N1-1 on E69/3676 and 35 from N3-1 on E69/3677) that were submitted for testing.

Petrographic investigations and laboratory analysis of the drill core demonstrated the presence of copper bearing sulphide.

Chalcopyrite, and copper anomalism was also present in assay data in the Fraser Range region.

Geophysical modelling of the coincident magnetic and gravity anomalies displayed a strong magnetic core to both the Fraser Range projects.

Based on its updated understanding of the projects, Metalicity considers a ground, moving loop electro-magnetic (EM) survey represents an ideal approach to further develop prospective drilling targets, which can be rapidly executed upon tenement approval.

“It is incredibly pleasing to see that our resampling program has defined anomalous copper along with 3D magnetic inversion techniques highlighting large, highly magnetic susceptible bodies indicating the presence of host units containing possible copper-nickel sulphide mineralisation,” Metalicity general manager – exploration & development Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.

“The two project areas have demonstrated exceptional prospectivity.

“We are excited to see the grant of these tenements so we may implement the ground geophysical surveys to allow for succinct drill hole planning.”

 

Website: www.metalicity.com.au

 

Carawine Resources Confirms High-Grades at Hill 800

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released assay results from diamond drilling at Hill 800 within the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Carawine Resources claimed the drilling has confirmed the quality of historic drilling at Hill 800.

The recent results stem from two diamond drill holes Carawine drilled adjacent to historic reverse circulation (RC) drill holes in the near-surface 800 Zone.

The company explained the holes deliberately targeted higher and lower grade parts of the mineralised zone, with the objective being to confirm the historic grades to allow historic drilling (more than 60 drill holes) to be used in an upcoming Mineral Resource estimate.

Results from the diamond drill holes include:

800 Zone

H8DD017
34 metres at 3.84 grams per tonne gold from surface (0.3g/t gold cut-off), including 23m at 5.06g/t gold from surface (1g/t gold cut-off); and

H8DD018
45m at 0.93g/t gold from 30m (0.3g/t Au cut-off), including 7m at 1.51g/t gold from 30m (1g/t gold cut-off), and 5m at 1.21g/t gold from 42m, and 6m at 1.97g/t gold from 53m.

“There is a substantial database of historic drilling at Hill 800 which focussed on the near-surface 800 and 740 Zones,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“Our latest drilling results confirm this work to be reliable, of high quality, and suitable for inclusion in our upcoming Mineral Resource estimate for Hill 800.

“We are expecting the next assay results from Hill 800 in about two weeks from the last hole of our current program which was drilled to test up-dip from the recently announced high grade interval of 17 metres at 6.62 grams per tonne gold in drill hole H8DD0041.

“Exploration at the Jamieson project is continuing, with field mapping and sampling programs aimed at investigating the potential to grow Hill 800 beyond the current limits of drilling, and other high-priority prospects such as Hill 700, Mt Sunday Road and Rhyolite Creek.

“Meanwhile we are gearing up to commence exploration at our Paterson project in Western Australia, we look forward to updating the market with details of this work as they become available.”

Carawine currently has exploration field work in progress at the Jamieson project, with field mapping and sampling programs designed to investigate the potential to grow Hill 800 beyond the current limits of drilling and evaluate other high-priority prospects such as Hill 700, Mt Sunday Road and Rhyolite Creek.

The company anticipates releasing results of these programs over the coming months.

 

Email: info@carawine.com.au

Website: www.carawine.com.au

 

Musgrave Minerals Hit More Thick Gold at Lake Austin North

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released further good gold assay news from diamond drilling underway at the A-Zone, Lake Austin North within the company’s Cue project in Western Australia’s Murchison district.

Lake Austin North is located three kilometres north of the project’s Break of Day gold deposit.

The latest diamond drilling has intersected thick gold mineralisation at A-Zone, returning intercepts of:

19MODD013
43.9 metres at 2 grams per tonne gold from 85.8m down hole, including 18m at 3.5g/t gold from 92m; and

19MODD008
93m at 1.3g/t gold from 98.7m down hole, including 8.9m at 4.3g/t gold from 102.0m and 7.1m at 4.3g/t gold from 164.9m.

The A-Zone mineralisation has been confirmed over a strike length of 500m and remains open in all directions.

“This is another positive result at Lake Austin North and confirms the new interpretation of the dip of the gold mineralisation at A-Zone,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The company has identified a large gold system where diamond drilling is continuing to intersect thick zones of alteration and high-grade gold mineralisation.

“The A-Zone remains open along strike and at depth with the broader target area at Lake Austin North showing potential for multiple mineralised zones.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Matsa Resources Encounters Multiple Gold Intersections at Red October

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced results from a recently completed grade control diamond drilling program at the company’s Red October gold mine in the Eastern Goldfields of Western Australia.

Matsa Resources achieved multiple intersections of very high-grade gold from the recently completed 38-hole grade control drilling program at the Red October gold project with gold intercepts at the for Red October Shear Zone including:

1.6 metres at 36.9 grams per tonne gold;
4.32m at 16.30g/t gold;
2.84m at 15.95g/t gold; and
6.3m at 4.54g/t gold.

Additional high-grade gold intercepts were also encountered, including:

0.81m at 181.5g/t gold;
1.33m at 40.51g/t gold; and
0.8m at 248g/t gold.

The company said the results provide a compelling platform for the current mining phase and can positively affect mining outcomes, producing new opportunities for immediate mining outside of the existing initial mining phase.

“For the first time, we can prove that substantial new mining opportunities remain at the Red October gold project,” Matsa Resources executive chairman Paul Poli said in the company’s announcement to the Australian Securities Exchange.

“The results achieved by this drilling program are extremely exciting for the company.

“Our belief continues to be, that substantial gold zones remain undiscovered and abundant opportunities exist to develop a long term, highly rewarding, underground gold mining operation at Red October.

“This belief was the core reason we acquired Red October.

“We will enthusiastically continue to grow and develop Red October and we expect many more exciting results.”

 

Email: reception@matsa.com.au

Website: www.matsa.com.au

 

Red 5 Releases KOTH regional Resources

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) announced the completion of maiden JORC 2012-compliant Mineral Resource estimates for the Rainbow and Severn near-mine deposits at the company’s King of the Hills (KOTH) gold project in Western Australia.

Red 5 said the Resources had been calculated on drilling completed by past owners and highlight the potential to define near-mine open pit resources that will support the broader bulk mining strategic review currently underway at KOTH.

The Resources came in as:

Rainbow: Indicated and Inferred Resource of 1.6 million tonnes at 1.3 grams per tonne gold for 67,000 ounces; and

Severn: Indicated and Inferred Resource of 0.9 million tonnes at 1.6g/t gold for 47,900 ounces.

The company said the Resources provide a solid foundation for its strategy of defining open pit ore sources to provide early mill feed to support a potential development of a stand-alone processing facility at KOTH.

The Rainbow resource is approximately 83 per cent oxide and transition, and Severn is around 69 per cent oxide and transition.

“This is a big free-kick for us and the ongoing KOTH bulk mining strategic review,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The Rainbow and Severn deposits establish a baseline of open pit Resources within a six-kilometre radius of a potential stand-alone processing plant at King of the Hills which can be developed to provide early mill feed.

“Early cash-flow is important and our objective with this campaign is to delineate sources of oxide and transitional open pit mineralisation that can supplement production from the existing KOTH underground mining operation to feed a potential stand-alone processing plant, should further studies prove positive, during a pre-strip requirement of the KOTH open pit.

“We believe there is excellent potential to continue to grow the near-mine open pit Resource base, with our ongoing regional drilling program designed to progressively test five priority near-mine targets, each of which has the potential to yield further Resources.

“The early success of our regional exploration campaign at KOTH once again demonstrates just how under-explored our broader tenement package is.

“We are confident that we can add to our already significant Resource base with sustained, focused and systematic exploration.

“This is an exciting opportunity for the Company alongside the bulk mining story at KOTH which will unquestionably remain the centrepiece of our growth story over the next few months.”

 

Email: info@red5limited.com

Website: www.red5limited.com

 

Galan Lithium Confirms High-Grade Lithium over 143 Metres

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) received final assays from the third drillhole (C‐03‐19) drilled at the company’s Candelas lithium brine project, located in Catamarca province, Argentina.

The drillhole is located approximately 2.5 kilometres south of the company’s maiden drillhole (C‐01‐19), which provided results including an intercept of 192 metres at 802 milligrams per litre (mg/l) lithium with low impurities.

Following downhole geophysical logging several packer tests were performed and samples collected and sent for analyses.

Field tests and logging indicated a substantial intercept of brine where assays confirmed an intercept of 143m at 784mg/l lithium from 311m to 454m.

The company explained that following sampling of drillhole C‐04‐19 the rig will be moved north with drilling to focus on resource definition in the northern Candelas channel area.

Permitting for further drilling beyond the initial five holes approved is advanced and expected in the near term.

“The results to date confirm that a potentially substantial volume of high quality, low impurity lithium bearing brine exists over a large area and the company remains on target to define a resource in Q3 this year,” Galan Lithium said in its ASX announcement.

 

Website: www.galanlithium.com.au

 

Spectrum Metals Encounters High-Grades at Magenta and Penny West

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THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) received the final assays for the maiden drilling program undertaken at the company’s 100 per cent-owned Penny West gold project near Youanmi in Western Australia.

Spectrum Metals received results from three holes at the target that included:

SPWRC009
1 metre at 11.5 grams per tonne gold from 86m, within 3m at 5g/t gold from 86m; and

SPWRC010
1m at 7.9g/t gold from 58m.

Results also returned assays from the three remaining holes drilled at Penny North including:

SPWRC032
2m at 12.9g/t gold from 186m and 1m at 11.9g/t gold from 196m; and

SPWRC033
3m at 1.8g/t gold from 171m.

Spectrum Metals said the results open another area of focus at Magenta and also shows that high-grade gold mineralisation exists at either end of a 1.4-kilometre-long ‘gap zone’ that has no RC drilling.

The company claimed the drilling at Magenta confirmed the high-grade structure remains open in all directions and has now extended the strike length of this new zone to over 100 metres.

Results from the remaining RC holes from Penny North extended the high-grade to the north by a further 40m.

Results to the southern end of Penny North demonstrate the structure continues.

Phase II of Spectrum’s RC drilling program will kick off immediately to target areas underneath and south of the Penny West pit, extensions to the Penny North discovery and beneath the high-grade mineralisation at Magenta and Columbia.

“We are very excited to be moving so quickly into our Phase II drilling program at Penny West with so many high-grade targets to follow up on from our Phase I program,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“In addition, we have the potential of again finding further high-grade mineralisation below previous drilled intercepts at Penny South, Magenta and into the ‘gap zone’.”

 

Email: info@spectrummetals.com.au

Website: www.spectrummetals.com.au

 

Saturn Metals Makes Strong Gold Intersections at Apollo Hill

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced drill results from holes 14 to 24 of a planned 48-hole, RC and diamond drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Results include:

AHRC0128
26 metres at 1.19 grams per tonne gold from 1m, including 10m at 2.1g/t gold from 8m; and

AHRC135
22m at 1.5g/t gold from 128m, including 12m at 2.33g/t gold from 128m.

Saturn Metals said the results would help it define a continuous higher grade (+2g/t gold) lode on the footwall side of the Apollo Hill Resource envelope.

“These excellent results will be a great addition to our next resource update planned for the second half of 2019,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“It is great to see the continuity of improved grade within the current resource envelope.

“In addition, further strong intersections such as AHRC0127 returning 6 metres at 5.21 grams per tonne gold from 37m in the hanging wall zone, continue to give us cause for excitement.”

Saturn Indicated it was planning to complete another 5,000 metres of drilling at Apollo Hill in the coming months.

Assay results from the ongoing drilling program will be reported as received.

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Exore Resources Grows Antoinette Gold Region

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THE DRILL SERGEANT: Exore Resources (ASX: ERX) has completed drilling that as extended the Antoinette region at the company’s Bagoe project in northern Cote d’Ivoire.

Exore Resources claimed a new bedrock discovery at ‘Antoinette South’ along strike of the Central zone, with multiple shallow, mineralised lodes intersected, all of which remain open.

First pass RC results include:

16m @ 1.97g/t gold from 139m;
14m @ 2.06g/t gold from 30m;
11m @ 2.39g/t gold from 37m;
10m @ 1.83g/t gold from 62m.

At Antoinette Central further shallow, high-grades were intersected by RC resource definition drilling, extending drilled strike length to 850m remaining open in all directions.

Further results include:

5m @ 3.78g/t gold from 74m;
4m @ 4.84g/t gold from 106m;
7m @ 2.14g/t gold from 114m;
2m @ 6.79g/t gold from 2m;
9m @ 1.28g/t gold from 58m; and
4m @ 2.56g/t gold from 36m.

A gap measuring 900m by 400m between Antoinette Central and Antoinette South remains untested, although Exore indicated a geochemistry and structural interpretation highlighted the intersection of south-west and north-east trends as a priority drill target.

The company claimed another new bedrock discovery at the Antoinette East target.

Artisanal mine workings indicate some 600m of potentially mineralised strike with first pass RC drilling returning high-grades, including 5m at 18.71g/t gold from 64m.

An outstanding AC result was achieved at Antoinette West of 30m at 1.05g/t gold from 8m (ended in grade), testing northern strike extension.

Exore declared the exploration drilling a ‘success’, having attained its goal of identifying new resource targets and confirming Antoinette as a substantial gold system.

RC drilling is ongoing at Antoinette and AC drilling continues at Veronique.

“The completion of around 8,500 metres Phase One RC resource definition drilling at Antoinette Central, provided the first opportunity to undertake reconnaissance RC drilling on a number of the surrounding untested targets,” Exore Resources managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“Each of these targets has delivered excellent results, with the Antoinette South discovery being extremely encouraging.

“Drilling results at Antoinette South, combined with soil sampling geochemical data and structural interpretation, show the potential for north-west strike extension of the South zone to intersect the south-west strike extensions of the Central zone, providing an exciting and priority drill target.

“These latest RC and AC results from exploration drilling in the southern, eastern and western areas of Antoinette show the potential to delineate a truly substantial gold system.

“Two rigs continue to operate at Antoinette and Veronique, and we are looking forward to reporting further exciting drilling results from each area in the coming weeks.”

 

Email: info@exoreresources.com.au

Website: www.exoreresources.com.au

 

Galileo Mining Defines New Drill Target

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) completed a review of historic work undertaken at the company’s Yardilla South prospect in the Fraser Range Province of Western Australia.

A review of the Yardilla South prospect revealed historic drilling did not adequately test a chargeable feature identified from historic Induced Polarisation (IP) geophysical surveying.

Galileo has completed an updated interpretation of the IP survey, a re-log of the original RC chips, and petrographic analyses of selected intervals from the historic drilling.

Galileo Mining said the review defined the new, drill-ready gold target at Yardilla South that is just two kilometres from the company’s existing Empire Rose nickel-copper target.

Galileo intends testing both prospects in its upcoming drilling program scheduled to commence in mid-May 2019.

“Both the Yardilla South and Empire Rose prospects have geophysical signatures consistent with mineralisation and the targets are further supported by geochemical and petrographical data obtained from drill samples,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities exchange.

“At Yardilla South we have identified a promising geochemical signature above a geophysical target and expanded our focus in the Fraser Range to include precious metals.

“The expanded focus complements our nickel-coper exploration at Empire Rose where we have previously reported shallow drill results, including 36 metres at 0.2 per cent nickel from 18m, along with encouraging geology, suggesting good potential at depth.”

 

Email: info@galmining.com.au

Website: www.galmining.com.au