EMU Kicks Off Fully-Funded Exploration Program

THE DRILL SERGEANT: EMU (ASX: EMU) commenced its 2019/2020 on-ground prospecting campaign at the company’s Elevado project in Maricunga, Chile in October.

EMU declared its intentions to continue to explore for gold and silver building on discoveries it has already claimed at the project.

The company indicated the prospecting program will cover previously identified prospects as well as other areas within the wider regional area of the Elevado project and are to include rock chip and soil sampling activities directed at developing drilling targets.

A program of diamond drilling is scheduled to commence at Elevado anon, which has been planned to include approximately 1800 metres of diamond drilling comprising four holes to test depth extensions of near-surface mineralisation, particularly around and below the recent ‘Discovery hole’ in Vidalita, and IP geophysical targets at NEPlains prospect.

EMU aims to complete the diamond drilling before Christmas and follow it, commencing January 2020, with approximately 6000m of aircore drilling at Vidalita and regional targets.

“EMU awarded preferred contractor status and is preparing the drilling contract with Synergy Drilling, a locally based, diamond drilling specialist, following a rigorous selection process,” the company said in its ASX announcement.

“Significantly, drilling activities at Elevado will be overseen and managed by an Australian drilling services contractor appointed by EMU for the duration of drilling.

“The contractor, who comes with excellent global experience and credentials has been endorsed by the Australian exploration drilling community.

“A key mandate for the appointment will be to guide the conversion of a suitable drill rig for the aircore phase of drilling.”

From September, EMU raised $5,265,313 that the company believes will ensure its 2019/20 program is fully funded.

 

Email: info@emunl.com.au

Web: www.emunl.com.au

 

Red 5 Continues Drilling Success at King of The Hills

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) declared a boost for its strategy to develop a stand-alone bulk mining operation at the company’s King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia.

Red 5 reported the boost had come in the form of additional assay results from ongoing underground diamond drilling.

The company completed a 30,000-metre underground diamond drilling program between November 2018 and June 2019, designed to in-fill and extend the current KOTH Mineral Resource totalling 3.1 million ounces of contained gold.

A second and third underground rig commenced on site during the September 2019 Quarter to continue the Resource development program and target the potential for further mineralisation.

These additional rigs brought the company’s expected total underground drilling for FY2020 to 85,000 metres with the program aimed at converting as much of the existing underground Resource into Reserves as possible for the Final Feasibility Study, due in the September 2020 Quarter.

The drilling was also charged with the reassessment of the final pit shape to determine whether more of the underground could be included in the pit due to grade uplift in both the South and North, and extension of the underground Resource along strike and down dip.

The latest results Red 5 has achieved include broad ‘whole-of-hole’ intercepts including:

107.1 metres at 2 grams per tonne gold and 61m at 4.8g/t gold.

High-grade assays were also received, including:

47.9m at 4.1g/t gold and 11.2m at 22.5g/t gold.

The company said the ongoing in-fill drilling continues to reinforce the continuity and tenor of stockwork development at the King of the Hills (KOTH) gold mine, supporting the potential for an open pit mine and strengthening the case for bulk underground mining using long-hole stoping.

“These excellent results not only support our ongoing studies for a proposed bulk open pit operation at King of the Hills but also confirming the strong potential to expand the current 3.1 million-ounce Resource, which is currently open in all directions,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“We have a very active drilling program scheduled for the remainder of FY2020, with 85,000 metres of underground diamond drilling in progress, as well as ongoing assaying of historical drill core and a regional drilling program targeting near surface oxide mineralisation.

“Collectively, these programs will underpin future updates to the KOTH Resource and feed into the ongoing Final Feasibility Study for the integrated bulk open pit and underground mining operation which is scheduled for completion by the September 2020 Quarter.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

Pioneer Resources Resumes Drilling at Dome North Lithium Group Targets

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has resumed drilling at the company’s Dome North lithium group located betwixt Kalgoorlie and the Port of Esperance in Western Australia.

Pioneer Resources is drilling at the project on a group of prospects where a suite of spodumene-pegmatites was recently discovered.

The latest drilling follows on from the company’s announcement in October of high-grade lithium drilling results from the Cade deposit.

Pioneer’s geology team has recently claimed discovery of three separate pegmatites containing the premium lithium mineral spodumene at the Northern Pioneer Dome.

First pass of drilling returned very encouraging lithium results beneath two of the pegmatites, and more recent work has highlighted four other targets for drilling.

This second drilling program will be completed in three parts:

Extensional drilling at the Cade deposit (to the North East and South) and at Spodumene Target 1;

First Pass drilling at Spodumene Target 3 where pegmatite outcrops, as well as other geochemical and geophysical targets; and

Diamond core drilling into the Cade spodumene deposit to provide samples for metallurgical testing.

In all, six targets will be tested during this campaign, with drilling expected to be completed before the end of the year with assay results expected to be available during January 2020.

“The first round of drilling, which identified the significant Cade spodumene deposit and other mineralised pegmatites, was an unqualified success,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The current drilling campaign will extend on this success, testing a range of targets generated through mapping, soil geochemistry and ground geophysics, and is designed to enable the company to get a sense of the potential scale of the project.”

Having completed its first mining operation at the Sinclair caesium mine, and now being well-funded through the sale of pollucite, Pioneer is returning to being an active explorer with its stated focus being key global demand-driven commodities to provide its next mining opportunity.

Sale of the final shipment of crushed high-grade pollucite is scheduled for the end of November.

Total sales for the period from 1 July 2019 to 31 December 2019 are expected to total approximately US$4.8 million (approx. $7 million).

From a cash perspective, Pioneer held $5.7 million in cash at the end of October and a further $1 million is expected to be received from the remaining sales of high-grade pollucite.

 

Web: www.pioreources.com.au

Marenica Energy Drills Koppies Mineralisation

THE DRILL SERGEANT: Marenica Energy (ASX: MEY) announced assay results from a Phase 2 reconnaissance rotary air blast (RAB) drilling program on the company’s Koppies prospecting in Namibia, Africa.

Marenica Energy claimed the Phase 2 RAB drill program has identified exceptional uranium mineralisation at the Koppies tenement, with the best intersections including:

KP055
13 metres at 905ppm uranium from 3m, including 2m at 4,504ppm uranium;

KP045
10m at 687 ppm uranium from 2m, including 2m at 1,974ppm uranium;

KP012
7m at 277ppm uranium from 10m; and

KP047
5m at 194ppm uranium from 5m and 2m at 593ppm uranium from 15m.

Marenica highlighted the interval of 2m at 4,504ppm uranium encountered in hole KP055, saying the direction of the palaeochannel in this area is yet to be established, however, this will be the focus of the next drilling program expected to commence shortly.

“With such fantastic results, the Koppies story continues to develop, with excellent grades achieved from Phase 2 drilling, coupled with the discovery of a new highly mineralised palaeochannel at Koppies 2,” Marenica Energy managing drector Murray Hill said in the company’s announcement to the Australian Securities Exchange.

“We look forward to continuing to advance the project over the coming period with expanded drilling to commence shortly.”

Marenica indicated it intends to complete additional HLEM work within the vicinity of Koppies 1 and 2, with its priority to now confirm the extent of the palaeochannels to guide a Phase 3 drill program.

The company plans to complete the Phase 3 drilling before the end of the calendar year with exploration continuing through 2020 to test the extent of mineralisation on the Koppies exploration permit.

 

Web: www.marenicaenergy.com.au

 

Rox Resources reports Further High-Grade Results from Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its Joint Venture partner Venus Metals Corporation (ASX: VMC), announced further results from an ongoing drilling campaign at the OYG JV which forms part of the wider Youanmi gold project in Western Australia.

Rox Resources’ recent drilling at the Youanmi gold project has intersected more high-grade gold mineralisation.

Results received from Youanmi South and Commonwealth drilling include:

RXRC073
4m at 11.23 grams per tonne gold from 92m; (Youanmi South)

RXRC079
8m at 3.73g/t gold from 60m; and (Commonwealth)

RXRC077
3m at 5.45g/t gold from 87m. (Commonwealth)

The company said that drilling at the Plant Zone has continued to define shallow, potential ‘base load mill feed’ with new results showing continuations to shallow mineralisation including:

RXRC058
8m at 2.62g/t gold from 60m;

RXRC055
9m at 1.04g/t gold from 83m; and

RXRC056
8m at 1.03g/t gold from 44m.

“These results continue to show the excellent potential of the Youanmi belt and the OYG JV in particular and we look forward to presenting further results when they become available,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Drilling at the Plant Zone prospect, a granite stockwork style of mineralisation now delineated over a 1.4 kilometre strike length, continues to add scale to the overall project gold inventory.”

Rox’s recent drilling has been focussed on the Plant Zone (potentially base load mill feed) and the high-grade Commonwealth prospect.

The company expects to shift its focus onto the Youanmi South prospect following completion of geophysical surveying (drone mag).

The Youanmi South prospect has previously returned some of the best drill intersections of the current drill program.

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

Mincor Resources Enhances Cassini Mineral Resource

THE DRILL SERGEANT: Mincor Resources (ASX: MCR) released a healthy increase in the Mineral Resource for the company’s Cassini nickel sulphide deposit at Kambalda in Western Australia.

The updated Cassini Indicated and Inferred Mineral Resource comprises 1.254 million tonnes at 4 per cent nickel.

Mincor Resources said this represents an increase of 12,600 high-grade nickel tonnes.

Of note is that the addition of 269,000 tonnes of ore was delivered at a grade of 4.7 per cent nickel, increasing the average grade of the Mineral Resource from 3.8 per cent nickel to 4 per cent.

The company declared this confirms Cassini as one of the largest and highest-grade nickel deposits in the Kambalda district.

Over 86 per cent of the expanded Mineral Resource is now classified in the higher-confidence Indicated category, and is available for conversion to Ore Reserves.

Mincor’s total Kambalda Mineral Resource inventory now stands at 4.9 million tonnes at 3.8 per cent nickel for 187,900 nickel tonnes, with 84 per cent in the Indicated/Measured category.

The company considers the continued rapid growth in the Cassini Mineral Resource this year in terms of tonnage, grade and quality has vindicated its faith and confidence in the untapped exploration potential of this newly defined district within the Kambalda region.

“From a Maiden Mineral Resource of 18,700 nickel tonnes in August last year, Cassini has grown quickly into a substantial asset for our shareholders, one of the cornerstone deposits of our plan to restart nickel production at Kambalda and the most significant greenfields discovery seen in the district in over two decades,” Mincor Resources managing director David Southam said in the company’s announcement to the Australian Securities Exchange.

“Since our last Mineral Resource update in August 2019, we established a short-term plan to complete a bespoke drill program aimed at upgrading this beachhead resource for inclusion in the Definitive Feasibility Study – and we have more than achieved this outcome in just six drill holes, which is an exceptional return in terms of nickel tonnes by any measure.

“We like to think of it as extremely cost effective ‘nickel banking’.

“The last four drill intercepts in particular have been stand-outs and show that the CS5 surface is becoming both higher grade and thicker the deeper we drill – which bodes well for the future exploration of this and the other parallel channels from the planned underground workings to be established at Cassini.

“With 50,000 nickel tonnes now delineated and drilled from surface, we believe that Cassini displays the same characteristics of all large, long-life orebodies discovered and mined in the Kambalda region.

“What is particularly exciting is that it is the first greenfields discovery in the Kambalda region for decades on a newly identified contact.

“The updated Cassini Mineral Resource will now be incorporated into the ongoing Definitive Feasibility Study for our Nickel Restart Strategy, which we are planning to release in the March quarter next year, along with a Maiden Ore Reserve.”

 

Email: mincor@mincor.com.au

Web: www.mincor.com.au

 

Meteoric Resources Extends Juruena and Claims Porphyry Style Gold‐Copper Discovery

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) received the latest assays from drill holes JUDD009 and JUDD010 that were completed during the maiden drill program at the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources claimed the new drill results highlight both a deep high‐grade epithermal gold intercept together with an entirely separate style of porphyry hosted gold‐copper mineralisation, which the company has interpreted to be part of a larger gold‐rich copper porphyry system.

JUDD009 intersected:
1.2 metres at 45.83 grams per tonne gold from 248.9m.

This intersection was achieved at the base of the high‐grade epithermal Dona Maria resource that currently stands at 88,000 ounces gold at 12.7g/t gold.

Meteoric believes JUDD009 confirms high‐grade gold mineralisation at Dona Maria is open at depth and now has deeper drilling planned to extend epithermal gold mineralisation below the high‐grade resource.

Hole JUDD010 intersected a thick zone of gold‐copper mineralisation at the Crentes prospect, immediately adjacent to Dona Maria, returning:

54.3m at 1.33g/t gold and 0.23 per cent copper from 171m, including 12m at 4.54g/t gold and 0.25 per cent copper from 178.5m.

Meteoric declared that the gold‐copper mineralisation encountered at Crentes in JUDD010 raises the potential for additional gold‐rich porphyry discoveries across the entire Juruena project.

A further hole, JUDD011 also intersected the up‐dip extension of the gold-copper porphyry mineralisation intersected in JUDD010 at Crentes with assays pending at time of writing.

The company has mobilised a second drill rig to Novo Astro, with first assay results due in late November.

“I couldn’t be happier to report that JUDD009 has confirmed high‐grade gold mineralisation at Dona Maria is open at depth, as our structural models suggested,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“This hole intersected high‐grade gold at the base of the current resource, deeper than any historic drilling and has allowed us to plan follow‐up deep drilling that if successful could significantly increasing this resource.

“The gold‐copper mineralisation in JUDD010 and JUDD011 (awaiting assays) is incredibly exciting and builds on our belief that the high‐grade prospects like Dona Maria and Querosene are epithermal gold deposits related to a proximal porphyry gold-copper system.

“This intercept opens a new and exciting exploration opportunity for Meteoric and the geology team are working hard to understand the real potential of this gold-copper mineralisation before planning further drilling, with the high‐grade gold lodes remaining the focus of drilling for the completion of this program at Juruena.

“Novo Astro exploration is ongoing and drilling will now ramp up with a second GEOSOL rig having mobilised to the project and first assay results expected in late November.”

 

Web: www.meteoric.com.au

 

Hillgrove Resources Amends Kavanagh Estimate

THE DRILL SERGEANT: Hillgrove Resources owned up to an error the company made in its recent announcement regarding the maiden Underground Mineral Resource Estimate for the Central and East Kavanagh underground area at the company’s Kanmantoo copper mine in South Australia.

Hillgrove Resources acknowledged that dot point 2 on page 1 of its ASX release of 30 October 2019 is not in accordance with the JORC Code, whereby the reporting of Exploration Targets cannot be streamlined.

As a result, the company was required to re-iterate the Competent Person Statement and the Exploration Target as a range of tonnes and grade as previously provided in its ASX release of 27 May 2017 for the West Kavanagh Exploration Target of:

0.8 to 1.6 million tonnes at 2 per cent to 2.5 per cent copper, 0.01 grams per tonne to 0.05g/t gold, 2g/t to 2.5g/t silver.

The company stressed the Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource, adding that it is uncertain if further exploration will result in the determination of a Mineral Resource under the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code” (JORC 2012).

The Exploration Target is not being reported as part of any Mineral Resource or Ore Reserve.

 

Web: www.hillgroveresources.com.au

 

Galileo Mining Confirms Fraser Range Nickel Target

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) recently completed aircore drilling at the company’s Lantern prospect, within the Fraser Range nickel belt of Western Australia.

Galileo Mining said the drilling confirmed a highly prospective intrusive gabbronorite rock unit above a previously reported conductor with aircore drill holes hitting a maximum depth of 102 metres.

The drilling was designed as a first pass test to confirm the prospectivity of the conductive targets which have been modelled at approximately 340m depth.

Galileo said the confirmation of prospective rock units will assist targeting efforts for future programs of work, which is expected to include RC drilling and diamond drill hole testing of the conductive targets, looking for nickel sulphide mineralisation.

The Lantern Prospect is situated in the northern Fraser Range block where Galileo has 500 square kilometres ground holding, surrounded by Independence Group and Legend Mining, both of which are working up multiple prospects.

“The second drilling program at Lantern has again confirmed we have the right rock types with the potential to host significant nickel sulphide mineralisation,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“The intrusive rock unit matches the location of a conductive zone at depth which provides us with an excellent target for drill testing.

“We also have access to diamond drill hole funding through the state government Exploration Incentive Scheme which allows us to efficiently use shareholder funds in the pursuit of high value discoveries.”

The aircore drilling has demonstrated that up to 100 metres of cover rocks and weathered regolith occur at the prospect resulting in relatively low penetration of the EM signal into the ground.

Galileo is now planning RC drilling at Lantern to provide a platform for Down Hole Electro-Magnetic (DHEM) surveying.

DHEM surveying across four proposed drill holes will allow for more accurate definition of the conductive response below the cover rocks prior to diamond drill hole testing.

The Lantern prospect is a blind, undercover target the company considers to represent a next generation undercover prospect with potential to host mineralisation.

Additional aircore drilling undertaken at a second target within the Lantern area has expanded the known extent of the prospective differentiated intrusion.

This has been interpreted by the company to demonstrate an increased search space for nickel mineralisation at the Lantern prospect along strike to the north of the conductive trend.

The new target occurs on the northern margin of a differentiated intrusion outside of the area covered by the original EM survey.

A new EM survey will be required to advance this target through to the drill testing phase of exploration.

 

Email: info@galmining.com.au

Web: www.galmining.com.au

 

Calidus Resources Hits More Gold in Planned Klondyke Pit

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported a further batch of high-grade RC drilling results from the company’s Warrawoona gold project in the Pilbara of Western Australia.

Calidus Resources said the results provided a continued demonstration of the strong strike and grade continuity of gold mineralisation within the planned Klondyke pit at the 1.25 million-ounce project.

The company explained the RC drilling inside the planned Klondyke pit has been designed to upgrade the current Resource from the Indicated to Measured status and will form part of the current Definitive Feasibility Study underway.

The drilling returned more intersections, including:

19KLRC270
12 metres at 5.58 grams per tonne gold from 12m;

19KLRC266
15m at 4.33g/t gold from 6m;

19KLRC247
36m at 1.53g/t gold from 12m;

19KLRC271
20m at 1.96g/t gold from 20m;

19KLRC231
21m at 1.63g/t gold from 9m;

19KLRC264
6m at 5.12g/t gold from surface; and

19KLRC261
6m at 5.11 g/t gold from 18m.

“Drilling continues to intersect wide, high-grade mineralisation in the planned open pit,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“These results are frequently above the current average pit grade of 1.4 grams per tonne, they are shallow and they demonstrate excellent continuity of mineralisation.

“This means the economic and technical outlook for Warrawoona continues to strengthen, with the potential returns growing and the risks falling.

“In addition, the initial diamond core drilling to test the down-dip potential of the Klondyke mineralisation looks promising.

“While assays are pending, the geology intersected and visible gold observed by geologists supports our view that it is a good opportunity to grow the Resources and Reserves below the Klondyke pit.”

 

Email: info@calidus.com.au

Web: www.calidus.com.au