Breaker Resources Extends Bombora Deposit

/in , /by

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) announced recent drilling had continued to extend the 1.1-million-ounce Bombora gold deposit at the company’s Lake Roe project, east of Kalgoorlie in Western Australia.

Breaker Resources said the latest results also continue to enhance the deposit’s open pit potential, which is the subject of an ongoing prefeasibility study (PFS).

The company competed drilling designed to identify the outer limit of open pit mining in preparation for finalising the open pit PFS, or to reassess the Resource classification in several areas.

Deeper drilling, aimed at further assessing the scope for underground mining, encountered a best intersection of 6.82 metres at 36.87 grams per tonne gold (BBRD1135), further enhancing the potential at depth.

Drill hole BBRD1135 also returned an intercept of 14m at 18.86 g/t gold from the Tura lode, which Breaker claimed as being the highest gram-metre result recorded from the lode to date.

“Preparation for the revised resource model was taking longer than anticipated due to the scale and geometry of the deposit and the volume of data,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“It is vital that we get the modelling and geological domaining right to build a solid technical foundation in preparation for the open pit PFS.

“It is well worth taking a little more time to get this right and ensure we maximise the opportunity that we have.

“We also need to build flexibility into the open pit PFS, such as the use of variable lower cut-off grades, to gauge the effect on mineable ounces.

And we need to do this for three lode orientations and zones of stockwork mineralisation extending over three kilometres.

“The pause in the resource drilling will give us time to reset and plan the next phase, although this pause is likely to be short-lived as the Bombora deposit is still open in all dimensions.

“In the meantime, ongoing exploration with an aircore and reverse circulation (RC) drill rig is planned to open up new work areas and further expand the discovery footprint.”

 

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

 

Piedmont Lithium Boosts Project Resource

/in , /by

THE DRILL SERGEANT: Piedmont Lithium (ASX: PLL) announced an initial Mineral Resource estimate for the company’s Central property in North Carolina, in the United States.

Piedmont Lithium declared the estimate at 2.8 million tonnes at 1.34 per cent lithium oxide (Li2O) claiming approximately 50 per cent – around 1.41 million tonnes – of the Mineral Resource being classified in the Indicated Resource category.

The company said the Central Mineral Resource estimate (MRE) was based on 18 diamond core holes and the deposit remains open in all directions.

Piedmont Lithium declared its project-wide Mineral Resources now total 19 million tonnes at 1.15 per cent Li2O.

“We are very pleased with the initial high-grade Mineral Resource Estimate at Central,” Piedmont Lithium president and CEO Keith D. Phillips said in the company’s announcement to the Australian Securities Exchange.

“This is a property with great potential and the MRE is based on only 18 drill holes, 16 of which encountered thick, high-grade mineralisation.

“We hope to expand our land holdings in this area and ultimately drill out a substantially larger resource at Central.

“Phase 4 drilling continues with three rigs operating on the Core property and we expect a material resource upgrade in June.

“The Piedmont project is quickly becoming one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.”

 

Email: info@piedmontlithium.com

Website: www.piedmontlithium.com

 

FYI Resources Completes RC Phase of Drilling Program

/in , /by

THE DRILL SERGEANT: FYI Resources Limited (ASX: FYI) has completed the first phase of a detailed metallurgical drilling program underway at the company’s 100 per cent-owned Cadoux kaolin project (EL/4673) in Western Australia.

FYI Resources said the combined RC and diamond drilling program was designed to meet several key technical project objectives and contribute to delivery of a robust bankable feasibility study for FYI’s integrated high purity alumina (HPA) strategy.

The RC component of the program has been completed and samples were prepared at site and sent for a series of tests including standard kaolin suite analysis to determine the element grades and quality as well as testing the in-situ moisture of the kaolin to determine specific gravity (mass) of the deposit and other characteristics of the kaolin chemistry in relation to refining of HPA.

FYI indicated that analysis of the results is pending and will be reported to the market once received.

A major purpose of the drilling campaign is to upgrade the project’s current Measured Resource to Proven Reserve status.

To provide further project information, six RC holes were extended to provide hydrological information to calculate the water supply for the onsite beneficiation process and to incorporate the hydrological results into the project environmental study and mine plan.

“The drilling went particularly well, and we are very interested in integrating all of the results and applying it to our on-going test work programs including the pilot plant,” FYI Resources managing director Roland Hill said in the company’s announcement to the Australian securities Exchange.

“We will also be incorporating the information into our BFS and broader mine plan and environmental and permitting studies.

“To expedite FYI’s HPA development timeline efficiently, the drilling will be utilised as the grade control determining the mining plan on the first phase of mining.

“The detailed drilling campaign is consistent with our strategy of delivering a world leading HPA project, with the lead into production being de-risked.”

 

Website: www.fyiresources.com.au

 

Middle Island Resources Identifies Fresh Gold Targets

/in , /by

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has been encouraged by results of a recent geochemical aircore drilling program on several Weights of Evidence (WoE) targets defined within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Middle Ialnd said the new gold targets are close to five known deposits it had previously identified in fresh drilling at southern end of the Sandstone gold project.

The results from geochemical aircore drilling on several Weights of Evidence (WoE) targets have defined several new blind gold anomalies defined beneath a blanket of transported sheetwash cover with a further 18, including higher priority, WoE targets still to be tested.

Three cohesive gold anomalies, with peak values up to 337ppb gold (0.34g/t) were defined over individual strike lengths of approximately 160 metres, some of which remain open beyond the sampled area.

Each of the anomalies is consistent with nearby, high-grade open pit deposits that have been mined and processed.

All new gold anomalies lie within 2.5 kilometres of Middle Island’s 600,000 tonnes per annum Sandstone gold processing plant, consistent with an area hosting the highest density of gold deposits within the entire Sandstone greenstone belt.

The company said that the correlation between the position and orientation of the anomalies, and previous success enjoyed at the project’s Davis prospect, provides considerable confidence that other Sandstone WoE targets may generate similar anomalies.

Each of these new WoE targets enhances the potential of a mill recommissioning decision, consistent with Middle Island’s primary objective.

Further aircore and reconnaissance RC drilling will be planned to respectively extend and test the WoE anomalies in order to understand the nature and tenor of associated saprolitic and bedrock mineralisation.

“The receipt of further encouraging exploration results from the recently completed aircore geochemical drilling is extremely pleasing,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“All gold anomalies associated with these WoE targets lie on permitted Mining Leases and within 2.5 kilometres of the company’s 600,000 tonnes per annum Sandstone gold processing plant, enhancing their potential to contribute to a mill recommissioning decision.

“Following initial exploration success at Davis, the latest results also serve to further confirm the validity of the WoE study, with a further 18 targets (many of which are higher priority) yet to be tested.

“I acknowledge the efforts of the small, but effective, MDI team that is progressing our exploration strategy, while simultaneously progressing our consolidation strategy, consistent with the company’s stated objectives.”

 

Email: info@middleisland.com.au

Website: www.middleisland.com.au

 

Kin Mining Updates Cardinia MRE

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has completed an update of the Mineral Resource Estimates for the company’s Cardinia gold project in Western Australia.

Kin Ming said that all 16 deposits within the project have been reviewed.

Mineral Resources for six deposits have been remodelled, estimated, optimised and reported (Mertons Reward, Mertondale 3-4, Bruno, Lewis, Kyte and Helens).

An additional six Mineral Resources have been re-optimised and reported (Tonto, Mertondale 5, Fiona, Rangoon, Michelangelo and Leonardo).

The remaining four deposits remain unchanged (Eclipse, Quicksilver, Forgotten Four and Krang).

The updated Mineral Resource Estimate for the Cardinia gold project is 17.2 million tonnes of gold mineralisation at a grade of 1.41 grams per tonne gold for 782,000 ounces.

Kin Mining explained the main drivers of the change, compared to the previous estimate of 22.5 million tonnes at a grade of 1.46g/t gold for 1.05 million ounces, are the lower gold price assumption of $2,000 per ounce (previously $2,200 per ounce), updated optimisation parameters including revised open pit wall angles, testwork derived metallurgical recoveries and updated 2019 mining and processing costs.

New geological interpretations have also provided new resource models for the four key deposits of Lewis (incorporating Bruno), Helens, Kyte and Mertondale East (Mertons Reward and Mertondale 3-4).

“The updated Mineral Resource Estimate for the Cardinia gold project provides Kin with a solid foundation to now deliver an updated Ore Reserve Estimate as part of the upcoming PFS to be released later in the current June quarter,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“By adopting a more conservative approach across a number of key parameters, including the assumed gold price, the updated resource models can be used to determine the optimal development pathway for the project where risk and reward can be quantified when the modifying factors for the Ore Reserve Estimate are selected.”

 

Email: info@kinmining.com.au

Website: www.kinmining.com.au

 

Cygnus Gold Commences Drilling at Gold Road Joint Ventures

/in , /by

THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) has commenced drilling at the company’s Wadderin and Stanley projects, located in the Wheatbelt region of Western Australia.

Aircore (AC) drilling commenced over the weekend on the Wadderin project in collaboration with Cygnus’ Joint Venture partner Gold Road Resources.

The company explained the AC rig is testing targets identified by surface sampling at Wadderin before mobilising to the Lake Grace project, also in JV with GOR, to test bedrock anomalies identified in AC drilling from early-2019.

Drilling has also commenced at Cygnus’ 100 per cent-owned Stanley project where a reverse circulation (RC) rig is testing the Kepler Zone before heading to McDougalls to further test widespread gold mineralisation identified earlier this year.

“Cygnus Gold’s Stanley project is developing into an exciting story with our new geological understanding of the high-grade zone at Kepler, and the targets at McDougalls that have received little deeper drilling,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“We’re also looking forward to the aircore program and drilling the first deeper RC holes at Lake Grace in partnership with Gold Road, who have provided us with outstanding support to date.

“Multiple rigs, drilling simultaneously across several projects is further evidence of the Cygnus team’s ability to work openly and effectively with landholders and local communities to gain access for our exploration programs.”

 

Email: info@cygnusgold.com

Website: www.cygnusgold.com

 

Canyon Resources Confirms Minim Martap as Tier-1 Project

/in , /by

THE DRILL SERGEANT: Canyon Resources (ASX: CAY) reported positive initial assays from an aircore drilling campaign on the company’s Minim Martap bauxite project in Cameroon.

Canyon Resources said the results have demonstrated the project’s thick, high-grade, low contaminant bauxite from surface.

The current drilling program aims to increase the scale, grade and categorisation of the existing project resource of 550 million tonnes at 45.5 per cent total aluminium oxide (Al2O3) and total 2.06 per cent silicon dioxide (SiO2) and then test new and previously untested bauxite plateaux to add additional high-grade tonnage.

Canyon has received results from the first batch of assays that it claims demonstrate very high-grade bauxite, at greater than 50 per cent Al2O3 and less than 2.5 per cent total SiO2, including hole BE-19-0040 which averages 14 metres at 56.47 per cent Al2O3 and 1.72 per cent SiO2, including 5m at 62.06 per cent Al2O3 and 0.66 per cent SiO2.

The company believes that its aircore rig has been far more effective at penetrating the bauxite plateaux than auger drilling rigs used previously.

“The first batch of assay results have validated the company’s view that the Minim Martap project is a very high-grade low contaminant bauxite deposit,” Canyon Resources managing director Phillip Gallagher said in the company’s announcement to the Australian Securities Exchange.

“It’s exciting that the drilling rig has consistently drilled holes substantially deeper than the depth of resources previously reported on the bauxite plateaux and with higher grades.

“We are confident that we will be able to increase the scale and grade of the existing resource and will soon commence work on the untouched large southern bauxite plateaux on the Minim Martap and Makan permits that were identified by our recent LiDAR survey, which identified 70 new target bauxite plauteaux.”

 

Email: info@canyonresources.com.au

Website: www.canyonresources.com.au

 

Galan Lithium Extends Third Candelas Hole

/in , /by

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced completion of drilling, casing and sampling of the third drillhole (C‐03‐19) at the company’s Candelas lithium brine project located in Catamarca province, Argentina.

The drillhole is located approximately 2.5 kilometres south of the maiden drillhole (C‐01‐19, figure 1) that included results such as 192 metres at 802mg/l Li with low impurities.

Galan Lithium carried out downhole geophysics following its initial termination of the drillhole, results from which indicated that highly conductive and high Specific Gravity (SG) brine was still being encountered to the bottom of the hole.

The company decided to deepen the hole to a final depth of 454m.

Several packer tests were performed using the downhole data as guidance which indicated a preferred section from 313m to 454m with conductivities in excess of 200mS/cm and SG readings approximately 1.19g/cm3.

The hole was then cement cased to 315m and left open to the bottom of the hole within the brine section.

“Final samples have now been undertaken with results expected in the next fortnight to allow for the Easter break,” Galan Lithium said in its ASX announcment.

The company has now commenced drilling drillhole 4 (C‐04‐19), around 3km south of C‐03‐19 and 5.3km south of drill hole C‐01‐19 on CSMAT Line 3.

 

Website: www.galanlithium.com.au

 

Aurelia Metals Confirms Potential of Peak Deeps

/in , /by

THE DRILL SERGEANT: Aurelia Metals (ASX: AMI) received assay results from drilling carried out on the Peak Deeps system at the company’s Peak gold mine near Cobar in New South Wales.

Aurelia Metals completed the 19-hole resource extension and infill program in the Peak Deeps area in February and assays from the first 12 holes have returned multiple high-grade gold and base metal intercepts.

The company has now received assays for the final seven holes drilled in this program that returned results including:

UD19PP1538
39 metres at 6.9 grams per tonne gold, 20.3 per cent lead+zinc (Pb+Zn), 32g/t silver and 0.9 per cent copper;

UD18PP1533
11m at 8.4g/t gold, 4.5 per cent Pb+Zn, 4g/t silver and 0.1 per cent copper;

UD18PP1534
9m at 0.7g/t gold, 18.7 per cent Pb+Zn, 15g/t silver and 0.1 per cent copper; and

UD19PP1542A
3m at 4.9g/t gold, 7.7 per cent Pb+Zn, 32g/t silver and 1.1 per cent copper.

Aurelia said these latest results highlighted the high-grade potential of the Peak Deeps system, with mineralisation open at depth and along strike.

The company considers the association of strong lead and zinc mineralisation with high-grade gold (as seen in UD19PP1538) further enhances the comparison to the Chronos ores currently being mined.

Following the completion of up-dip extensional drilling at the Chronos lode, Aurelia has now re-commenced underground drilling in the Peak Deeps area.

The company indicated the new program will aim to infill and extend the high-grade mineralisation already identified, comprising 14 holes for 4,200 metres of drilling.

“The first phase of drilling at Peak Deeps is complete with the second phase already underway,” Aurelia Metals managing director and CEO Jim Simpson said in the company’s announcement to the Australian Securities Exchange.

“The company is very excited about the longer term prospects of this orebody and intends to fast track development to access the high-grade and develop more drilling platforms to identify extensions both deeper, laterally and potential up dip.”

 

Email: office@aureliametals.com.au

Website: www.aureliametals.com.au

 

Red 5 Identifies New Regional Targets at KOTH

/in , /by

THE DRILL SERGEANT: Red 5 (ASX: RED) is full steam ahead at the company’s King of the Hills (KOTH) gold mine in Western Australia.

Red 5 has a regional Reverse Circulation (RC) drilling program underway as well as a review of existing exploration datasets that has delivered a series of new high-priority targets.

The company said the RC program is designed to test five Tier-1 near-mine regional targets – Cerebus, Eclipse, Centauri, Cavalier and Puzzles.

The drilling program is targeting opportunities for near-term gold production, with the aim of generating early mill feed for a potential stand-alone gold processing facility at KOTH.

A recently-completed geophysicsreview by Southern Geoscience Consultants (SGC) identified new high-priority targets along the Ursus and Tarmoola Fault Zones’ structural corridors.

These datasets were composited to form a detailed litho-structural interpretation acrossthe KOTH tenure, resulting in multiple new exploration targets, of which 22 have been ranked as high-priority.

Further assessment of each target is now underway to prioritise for drill planning.

“The results from the processing of both the geophysical data by Southern Geoscience and the review of the historical exploration data confirms that just about the entire length of both the Tarmoola and Ursus Fault Zones is alive with discovery opportunities,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“We now have drilling underway to test five initial targets, and we are building a strong pipeline of new opportunities that we will progressively and systematically test over the coming months.

“Mineralisation delineated to date within the KOTH area varies from shallow to steep dipping, with our data review indicating that a significant proportion of historical drilling may not have been deep enough to effectively test the ground for mineralisation.

“There are also large gaps between drill holes along the Ursus Fault Zone.

“The untapped potential within this region is very exciting.

“This near-mine regional exploration program at KOTH represents an important element of our bulk mining strategic review, with the real potential for these targets to deliver early mill feed for a potential future stand-alone processing plant on site, which we expect could enhance the economics of a future bulk mining operation.”

 

Email: admin@red5limited.com

Website: www.red5limited.com