Meteoric Resources to Commence Novo Astro Drilling

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) is set to commence drilling at the company’s 100 per cent-owned Novo Astro gold project in Brazil.

Meteoric Resources has signed a contract with GEOSOL to carry out the drilling that is expected to mobilise a rig to site within the next two weeks with drilling expected to commence in late September.

This will all be happening as the company’s ongoing diamond drilling program on the Dona Maria prospect at its Juruena project continues, with two rigs now on site working double shifts.

“Our Brazilian Exploration team have been working hard to secure an additional drilling rig from GEOSOL and prepare accommodation and work facilities in the Garimpeiro’s Village at Novo Astro for our expanding team,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“We expect the rig for Novo Astro to mobilise within the next two weeks and commence drilling in late September.

“Excitingly, this will be the first drilling ever conducted at Novo Astro and is targeting the depth extensions of gold mineralisation that has been previously mined by Garimpeiro operations over the last 40 years.

“At the same time, drilling at the Dona Maria prospect has progressed well and we have now completed eight holes.

“The first seven sample batches are at ALS Laboratories and we expect results of these batches within the next 10 days.

“Results will be reported at that time.

“Of great significance, Hole JUDD008 has intersected a wide zone of intense alteration at the expected target depth and Senior Geologist Marcelo Gomes has identified visible gold within the zone.

“To date all holes completed have intersected the targeted alteration zones and this is the second time we have seen visible gold in the core.”

Meteoric’s exploration team has planned an initial twenty‐one hole drilling program for 2,500m at Novo Astro.

This first pass program is designed to test under old workings where gold has been previously mined by local artisanal miners (Garimpieros).

Novo Astro is located approximately 30km to the east of the Juruena project.

 

Web: www.meteoric.com.au

 

Minotaur Exploration Identifies New Windsor JV Anomaly

THE DRILL SERGEANT: Minotaur Exploration (ASX: MEP) completed an IP-resistivity geophysical survey on behalf of the Windsor Joint Venture, an area that includes 175 square kilometres of the Trooper Creek Formation, host to numerous high-grade base metal VMS occurrences including the Thalanga and Highway Reward deposits in Queensland.

The Windsor JV is located 200km south-west from Townsville in north east Queensland and is a Joint Venture between Minotaur and the private tenement holder.

Having achieved its initial expenditure obligation of $400,000 Minotaur may proceed to earn up to 80 per cent interest in the tenements through total expenditure of $4 million over a five year earn-in phase.

The recently completed IP survey returned encouraging results defining a large, very strong IP chargeability anomaly under thin cover along more than three kilometres of strike.

“The anomaly has been named Hastings,” Minotaur Exploration said in its ASX announcement.

“Modelled IP chargeability responses vary, but over the main part of the anomaly on lines 4 and 5, range from 35 to 50msec which is very strong.

“These three lines also have coincident low resistivity responses.

“VMS-type deposits worldwide, typically, have strong chargeability and low resistivity responses due to their high sulphide content (other geological features such as graphitic shale can also produce similar responses).”

Minotaur Exploration indicated that planning for a first-pass drill test is underway.

Thalanga was initially discovered in 1975 and at the time generated intensive exploration activity through until the early 1990s, however there has been very limited exploration conducted since.

Minotaur pointed out that little effort has been directed to the covered portions of the project area.

Part of Minotaur’s strategy for target generation across the Windsor JV area is that substantial portions of highly prospective basement remain untested.

The company considers modern electrical geophysical systems to be now better suited to these types of terranes providing opportunities to investigate areas of basement not previously explored.

The company has already used this approach in the Cloncurry district, making its discovery of the Jericho copper-gold deposit in late 2017.

 

Email: admin@minotaurexploration.com.au

Web: www.minotaurexploration.com.au

 

Rox Resources Encounters New High-Grade Gold at Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced encouraging drilling results from the Youanmi gold project in Western Australia.

Rox Resources and Joint Venture partner Venus Metals Corporation (ASX: VMC) announced the results following completion of over 7,000 metres of drilling, from which it has received results for around half of this amount.

Rox indicated that although the current turnaround around time from drill hole to validated assay result is running at up to 3 weeks, the RC drill program is ongoing and will continue through September and has been extended into October.

This is the first major and systematic exploration program carried out at the site since 1997 with Rox is testing both: (1) new conceptual targets that have the potential to open up new areas of mineralisation and (2) drilling out positions of the Youanmi gold deposits or areas where the JV considers there is potential for repeats.

“We are very pleased with these initial results from Rox’s maiden drilling program at Youanmi gold project,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“The high-grade results from the Youanmi South prospect were a very positive surprise.

“This prospect is interpreted to be a new zone of mineralisation at the southern end of the Younami granite which opens up a large new area for exploration.

“Drilling at Commonwealth Prospect (a previously untested historical gold occurrence) has started to delineate a high-grade plunging shoot which is open to along strike and down plunge to the south.”

Drilling at the Youanmi gold project intersected new gold mineralisation at Youanmi South and Commonwealth prospects including:

RXRC050
2 metres at 23.67 grams per tonne gold from 76m; (Commonwealth)

RXRC049
4m at 6.57g/t gold from 64m; and (Commonwealth)

RXRC024
4m at 8.17g/t gold from 96m. (Youanmi South)

Extensions to near mine mineralisation have been delineated within dilational zones along Youanmi Main lode Shear Zone.

Best intersections include:

RXRC013
5m at 5.59g/t gold from 81m, including an intersection of 1m @ 23 g/t Au; and (United North)

RXRC014
9m at 3.77g/t gold from 58m, including an intersection of 5m at 5.93g/t gold. (United North)

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Genesis Minerals Drills High-Grade Results at Ulysses

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) announced the intersection of high-grade gold mineralisation during resource upgrade drilling at the company’s 100 per cent-owned Ulysses gold project, located south of Leonora in Western Australia.

Genesis Minerals is conducting the drilling within and adjacent to the 760,000-ounce Ulysses Mineral Resource at the Ulysses project.

The company said the initial assay results have been received from drilling at Ulysses West (western side of Resource) targeting areas within and adjacent to the current Resource boundary.

A further 15,000 metres of drilling is expected to be completed over the coming few months to upgrade the top 200m of the resource in preparation for mining.

Drilling will target approximately 1,000m of strike and some 300m of down-dip extent within and adjacent to the current Resource envelope.

“Drilling has resumed and is now in full swing at Ulysses, with two rigs now operating to in-fill and extend the main Resource,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“A third rig should arrive over the next few weeks to speed up the program, which is essentially designed to upgrade the Resource in preparation for mining.

“The initial focus will be on upgrading the upper 200 metres of the Resource, although we will in time further test the edges of the Resource and further investigate potential down-plunge and strike extensions and repetitions.

“All of the information from the current program will be combined with recent drilling for inclusion in a Resource upgrade planned for Q4 this year.”

The company explained that the drilling results it has received came from the first batch of holes from the Resource upgrade drilling program that commenced at Ulysses in August.

High-grade gold mineralisation was encountered in diamond and Reverse Circulation (RC) drilling (19USDH079 to 085 and 19USRC374 to 19USRC378) completed as part of the drilling.

Results are from holes targeting the upper part of the Ulysses West high-grade gold shoot with the drilling supporting the continuity of the higher-grade gold mineralisation.

High-grade gold intersections from the recent holes include:

19USDH079
9.05 metres at 9.94 grams per tonne gold from 142.15m, including 5.6m at 14.92g/t gold;

19USDH080
3m at 5.56g/t gold from 174m, including 0.87m at 13.4g/t gold;

19USDH081
1.73m at 6.4g/t gold from 192.6m, including 0.68m at 14.9g/t gold;

19USDH083
6.24m at 10.62g/t gold from 223.03m, including 4.63m at 14.1g/t gold;

19USDH085
6.14m at 9.52g/t gold from 232.48m, including 2.82m at 19.8g/t gold;

19USRC375
3m at 3.98g/t gold from 147m; and

19USRC378
3m at 8.6g/t gold from 216m, including 2m at 11.6g/t gold.

 

Web: www.genesisminerals.com.au

 

Exore Resources Encounters Gold mineralisation in Fresh Rock

THE DRILL SERGEANT: Exore Resources (ASX: ERX) encountered high-grade, free-milling gold when drilling the first hole drilled into fresh rock at the Veronique gold discovery within the company’s Bagoe project in northern Cote d’Ivoire.

Exore had announced results from initial AC drilling at Veronique in March 2019.

The company’s recent drilling has consisted broad spaced AC drill traverses, focussed on just the central 1.6 kilometres of the eight-kilometre-long gold-in-soil anomaly, intersecting high-grade, in-situ gold mineralisation across multiple lodes gold mineralisation.

According to Exore, the AC drilling has identified at least five sub-parallel zones of gold mineralisation with each zone extending over strike lengths of greater than 1,000 metres.

Over 80 per cent of the 8km gold-in-soil anomaly at Veronique remains untested.

He latest drilling involved a single diamond core hole that was drilled to test for down dip extensions of high-grade gold mineralisation into the fresh rock, to provide further geological information to assist in future drill hole planning and to provide samples in the fresh rock for preliminary metallurgical test work.

Diamond hole BDDD0006 returned 8 metres at 7.74 grams per tonne gold from 78m in fresh rock beneath a well-developed zone of weathering extending to around 70m depth.

Exore claimed this intercept confirms down dip mineralisation from previous AC intercepts of: 12m at 7g/t gold from 16m and 12m at 3.12g/t gold from 36m.

“Veronique is shaping up as a high-grade gold discovery with exciting scale potential given the extent of the high tenor gold in soil anomalism over eight kilometres by two kilometres,” Exore Resources managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.

“Aircore drilling to date has been defining widespread oxide gold mineralisation and now, with just a single diamond hole, we have demonstrated that high-grade gold mineralisation extends into the fresh rock.

“Preliminary metallurgical test work indicates the gold mineralisation at Veronique to be free milling with good gold recoveries in fresh rock.

“Exore’s exploration efforts will be focussed primarily on Veronique over the coming six to 12 months, along with some further drilling targeting additional shallow oxide gold mineralisation at the Antoinette area just 12 kilometres to the north.”

Exore Resources’ Bagoe project is in a major gold producing region with several nearby large operating gold mines including Barrick’s 4.2 million ounce Tongon and 6.5 million ounce Morila mines, Resolute’s 11.5 million ounce Syama mine, Teranga’s 2.7 million ounce Wahgnion mine and Perseus’ 1 million ounce Sissingue mine.

 

Email: info@exoreresources.com.au

Web: www.exoreresources.com.au

 

Greenfields, Brownfields, Exploration Companies are Drilling in All Fields

THE DRILL SERGEANT: It appears explorers are out doing what they’re best known for – that being exploring, according to the latest Mineral and Petroleum Exploration census from the Australian Bureau of Statistics.

The boffins in the counting house released their Mineral and Petroleum June 2019 Quarterly Statistics that show total mineral exploration expenditure increased 5.2 per cent ($31.3 million) to $629.6 million for the June 2019 quarter.

The ABS mineral exploration expenditure report shows that drilling activity and associated spending rose in every single state and territory of Australia.

However, followers of the industry based on the country’s western girt would not be surprised that Western Australia took the number one podium position as the largest contributor to the increase in the trend estimate (up 6.2 per cent, $22.9 million).

Of particular significance is the current quarter estimate being 16.5 per cent higher than the same time last year for the June quarter 2018 estimate.

Interestingly, metres drilled fell 1.2 per cent compared to the previous quarter, but were still 4.7 per cent higher than the June quarter estimate for 2018.

In short what this means is the exploration companies have money to drill and they are doing just that.

The seasonally adjusted estimate for mineral exploration expenditure was up 6.9 per cent ($41.5 million) to $639.6 million in the June quarter with the largest contributor to the rise being WA (up 4.2 per cent, $15.7 million).

The all-important greenfield mineral exploration expenditure figure maintained its rage with another quarter of growth from all states except for Victoria where it fell by $1.6 million, which is the third consecutive quarter of decline for AFL headquarters.

WA was in a drilling frenzy recording $184.3 million of exploration expenditure, resulting in the second highest on record.

Although its greenfield drilling was down, Victoria did increase its look at brownfields, with mineral exploration expenditure up by $4.3 million.

The upward brownfield trend continued around the country, mainly in traditional mining states of Queensland ($19.9 million, WA ($35 million) and Tasmania ($1.6 million).

The song remained the same in New South Wales, but dropped off in South Australia and Northern Territory.

“Australia needs greater greenfields mineral exploration, and the significant growth in greenfields mineral exploration expenditure right across the country reflects the returning strength of the exploration sector,” Association of Mining and Exploration Companies Chief Executive Officer Warren Pearce said in response to the report.

“It has been a challenging environment for mineral exploration companies, however the statistics are now supporting better growth in the industry.

“Australia needs to continue to invest in mineral exploration to find the mines of the future and unlock the jobs and growth still waiting to be discovered.”

 

Ardea Resources Updates Lewis Ponds Resource

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced a new JORC 2012-compliant Indicated and Inferred Mineral Resource estimate, for the company’s Lewis Ponds gold-silver-zinc-lead-copper deposit near Orange in New South Wales.

Ardea reported the new JORC 2012 Mineral Resource for the Volcanic hosted massive sulphide (VHMS) Lewis Ponds project, comprising Indicated and Inferred Mineral Resources, at:

20.24 million tonnes at 0.5 grams per tonne gold, 33.3g/t silver, 1.5 per cent zinc, 0.7 per cent lead, and 0.1 per cent copper for total contained metal of 326,000 ounces gold, 21.6 million ounces silver, 290,000 tonnes zinc and 135,000 tonnes lead.

“The Lewis Ponds polymetallic mineral system is regionally significant and shares similarities with other well-known and significant Lachlan Fold Belt bulk tonnage projects,” Ardea Resources CEO Andrew Penkethman said in the company’s announcement to the Australian Securities Echnage.

“This project is being vended into Godolphin Resources Limited, Ardea’s planned IPO of its New South Wales gold and base metal assets with Godolphin expected to expand upon the considerable resource already defined at Lewis Ponds as mineralisation is open in every direction.

“There has been minimal historic gold exploration done across what is clearly an excellent gold structure with multiple historic workings that hosts Lewis Ponds and the 2.3 million-ounce McPhillamys gold deposit 23 kilometres southeast along structure.”

Ardea has also commenced geophysical surveys at the company’s 100 per cent-owned Perrinvale nickel-copper sulphide project, located west of Leonora in the Eastern Goldfields Province of WA.

“Ardea have been assessing the nickel sulphide potential of their large strategic land holding in Western Australia and defined a number of compelling exploration targets,” Penkethman said.

“A ground EM survey has just commenced at the Perrinvale project and we are excited by the potential to define conductors that represent concealed nickel sulphides.

“At Emu Lake, previous explorers have already defined a conductor in a setting interpreted to be similar to the Silver Swan nickel sulphide mine.

“Drilling of this untested target is expected to commence later this week.

“I look forward to receiving the results from these green fields exploration programs and continuing to assess Ardea’s quality project portfolio.”

 

Email: ardea@ardearesources.com.au

Web: www.ardearesources.com.au

 

Musgrave Minerals Hits High-Grade Gold Extension at Break of Day

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported, what the company described as, “a highly encouraging assay result.

Musgrave Minerals reported the result from recent extensional drilling at the Break of Day deposit, part of the company’s Cue gold project in the Murchison district of Western Australia.

Assays from a single reverse circulation (RC) drill hole to test a target from a revised structural model, intersected 2 metres at 9 grams per tonne gold from 71m down hole (19MORC015) in a potential southern extension to the Break of Day deposit.

Musgrave explained that the intercept was encountered approximately 75m south of the current resource boundary and remains open to the south and down plunge.

With the results of drill hole 19MORC012 and this latest intercept, Musgrave has now intercepted gold at Break of Day over a north-south extent of 475m.

The company now has follow-up drilling planned to test the vertical extent of this latest high-grade intercept.

“This is an excellent result and demonstrates the upside potential at Break of Day to continue to extend the mineralisation and grow the resource,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Once you are onto a high-grade system it is important to be persistent and continue to test new ideas and concepts. It’s early days, yet a very pleasing result and a credit to all involved.”

 

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

St George Mining Claims New Discovery of Nickel-Copper Sulphides at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced a new discovery of high-grade nickel-copper sulphides at its flagship Mt Alexander project, located in the north-eastern Goldfields.

St George Mining said the first drill hole – MAD152 – at the newly named Radar prospect intersected nickel-copper sulphide mineralisation between 44.2 meyres and 51.7m downhole including intervals of massive nickel-copper sulphides.

The company explained that the hole was drilled to test a new EM conductor it had identified by way of EM surveys completed earlier this month.

The conductor was initially detected by a Moving Loop EM (MLEM) survey that was followed by an optimised Fixed Loop EM (FLEM) survey that confirmed a late-time anomaly, which was modelled with a conductivity of 35,000 Siemens and at a depth of approximately 50m.

St George will carry out a DHEM survey in MAD152 to identify extensions of mineralisation around the hole and to plan follow-up drilling.

The company declared the intersection in MAD152 to be representative of a new discovery in an unexplored section of the Cathedrals Belt.

This, St George said, is important for a number of reasons, including:

1. It opens up an opportunity to drill out a new high-grade prospect, which along with the advanced Investigators, Stricklands and Cathedrals prospects, could add mineralisation to a potential resource at Mt Alexander.

2. It confirms the prospectivity of unexplored areas of the Cathedrals Belt for further high-grade mineralisation: such as the east-west strike of known high-grade nickel-copper sulphides along the Cathedrals Belt is extended by this discovery to 5.5 kilometres, with another 10.5km of the Cathedrals Belt remaining as unexplored or underexplored and the prospectivity of newly identified EM anomalies at the largely unexplored West End and Fish Hook prospects – located on the western and eastern extensions of the Cathedrals Belt, respectively – is elevated by the latest results at Radar.

3. It supports the effectiveness of St George’s exploration techniques being used at the Cathedrals Belt, particularly the critical role of EM surveys in identifying nickel-copper sulphide targets.

4. The increased strike of high-grade mineralisation along the Cathedrals Belt is indicative of a large mineral system. This not only increases the potential to discover more mineralisation along the east-west strike of the Belt but also at depth, in the down-dip direction and associated with the structures that are interpreted to be the likely source through which mafic/ultramafic intrusions hosting nickel-copper sulphides have passed upwards from the Earth’s mantle.

“The discovery of high-grade nickel-copper sulphides with the first ever drill hole in an area with about 10m of transported overburden and more than one kilometre from the nearest known mineralisation on the Cathedrals Belt is an excellent exploration result and a credit to our technical team,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The occurrence of high-grade nickel and copper sulphide mineralisation at shallow depths is rare and we are delighted to have further extended the strike of this type of mineralisation along the Cathedrals Belt to an impressive 5.5 kilometres.

“With multiple EM conductors still to be drilled, including targets at the unexplored West End and Fish Hook prospects, we believe there is strong potential for more high-grade nickel-copper sulphide discoveries.”

 

Web: www.stgm.com.au

 

Peel Mining Resumes Wagga Tank-Southern Nights Drilling

THE DRILL SERGEANT: Peel Mining (ASX: PEX) has resumed drilling at the company’s 100 per cent-owned Wagga Tank-Southern Nights project, south of Cobar in western New South Wales.

Peel Mining has two multi-purpose (RC/diamond) drill rigs on site to commence drilling.

The company recently declared a maiden Indicated and Inferred Mineral Resource Estimate (MRE) for Wagga Tank-Southern Nights 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 for 9.2 per cent zinc equivalent.

Peel explained the drilling program will comprise approximately 10,000m of RC and diamond drilling and is designed to continue to progress the Wagga Tank-Southern Nights project towards development.

“Drilling will primarily target higher grade areas of Inferred Resource with the aim of increasing confidence in these areas by converting further mineralisation to Indicated Resource classification,” Peel Mining said in its ASX announcement.

The drilling will focus initially on Wagga Tank consisting infill drilling combined with drilling to confirm historical high-grade intercepts that the company considers presents a good opportunity to rapidly improve the scale and quality of the Wagga Tank Mineral Resource.

Further infill drilling at Southern Nights will target higher-grade Inferred Resources to continue to improve resource confidence along with step out drilling along strike and downdip of the main resource area, testing for extensions to grow the overall resource base.

“On completion of drilling, an updated Mineral Resource Estimate will be undertaken which will then form the basis of a formal Scoping Study,” Peel said.

“In the meantime, an internal Scoping Study, which is now underway, will be completed to aid with the formal study process.”

 

Email: info@peelmining.com.au

Web: www.peelmining.com.au