Musgrave Minerals and Evolution Mining Encounter High-Grade Gold at Cue JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported assay results from recently completed diamond drilling undertaken on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) over Lake Austin in Western Australia’s Murchison district.

Musgrave Minerals declared the results to have identified strong basement gold mineralisation at the West Island prospect with gold intersections encountered over a 400 metres strike length below a strong regolith gold anomaly under Lake Austin.

The mineralisation is hosted within a differentiated dolerite unit, similar to that hosting the high-grade Great Fingall and Golden Crown deposits 25 kilometres to the north of West Island at Cue.

The first four diamond drill holes at West Island testing part of a 7km long aircore anomaly, all intersected gold mineralisation, including:

21MODD006
11.5 metres at 3.2 grams per tonne gold from 245m, including 3m at 10.6g/t gold from 247.5m;

21MODD001
11m at 3.6g/t gold from 272m, including 5m at 5.5g/t gold from 276m;

21MODD002
5m at 2.7g/t gold from 169m; and

21MODD007
0.4m at 23.5g/t gold from 144.7m.

“This is a great early result from diamond drilling and a strong endorsement of the joint venture program on Lake Austin,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We are looking forward to the re-commencement of diamond drilling in July to further test the extent and grade of the gold system at West Island.

“Evolution’s ongoing commitment is a strong affirmation of the upside potential of the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musraveminerals.com.au

 

Chalice Minerals Defines ‘Julimar lookalike’ EM Target at Venture Mineral’s South West Nickel-Copper-PGE Project

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) informed the market that its Joint Venture partner Chalice Mining (ASX: CHN) has generated new EM anomalies from the early stages of a ground based moving loop EM (MLEM) and fixed loop EM program at the company’s South West nickel-copper-PGE project in Western Australia.

Venture explained that Chalice defined the new anomalies over selected areas of the Julimar lookalike magnetic feature (Thor Target) as well as other interpreted mafic-ultramafic intrusions.

The current program is part of the first stage of a JV earn-in, under which Chalice may earn up to 70 per cent by spending $3.7 million on exploration over four years.

The new EM anomalies are considered to be of similar strength conductors to those that yielded wide palladium intervals during the early drilling phase of the Julimar nickel-copper-PGE discovery.

In addition, one of the new EM anomalies is within 10 metres of a previously drilled hole TOR04 that intersected 86 metres of disseminated sulphides with anomalous levels of PGE mineralisation, which the JV believes makes this EM conductor of particular interest.

“Venture is extremely encouraged by the success of the early work done by our JV partners Chalice Mining on our South West Project,” Venture Minerals managing director Andrew Radonjic said in the companies’ ASX announcement.

“The ground EM program, though only one third complete, has already yielded new EM anomalies with one sitting adjacent to a previously drilled hole containing significant disseminated sulphides with elevated PGE levels.

“The majority of the Thor ‘Julimar lookalike’ Target that already hosts several airborne EM anomalies is yet to be tested by Chalice’s EM program and the company (Venture) looks forward to results from this work and potential follow up drill testing in the near future.”

 

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

 

Email: admin@ventureminerals.com.au

 

 

Web: www.ventureminerals.com.au

 

Miramar Resources Drills Upgrade to Gidji Project

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported results from recently completed aircore drilling at the company’s 80 per cent-owned Gidji JV project near Kalgoorlie in Western Australia.

Miramar Resources said the new assay results, from 1 metre re-splits of the Phase 2 aircore drilling campaign, have upgraded the prospectivity of the Gidji project, with all four targets now containing multiple aircore holes with results over one gram per tonne gold.

At the Marylebone target, three consecutive aircore holes on one drill section have now returned results greater than 1.5g/t gold, including a high-grade result of:

GJAC096
2 metres at 7.7g/t gold, including 1m at 13.57g/t gold.

At the Piccadilly target, hole GJAC251 returned a thick zone of supergene gold and arsenic anomalism immediately adjacent to hole GJAC058, which ended in 4.53g/t gold.

Other results included:

Railway

GJAC120
3m at 1.94g/t gold from 44-47m, including 1m at 5.21g/t gold;

8-Mile

GJAC092
1m at 1.17g/t gold from 46-47m;

GJAC097
3m at 1.22g/t gold from 54-57m, including 1m at 2.82g/t gold; and

GJAC099
1m at 1.78g/t gold from 49-50m.

“After two phases of relatively wide-spaced aircore drilling across the granted tenements, all four targets have developed into coherent gold anomalies with associated pathfinder anomalism indicating a potential relationship to primary mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Notably, most significant gold results to date have come from sample intervals at depths of greater than 50 metres vertically below surface, whilst the average depth of historic drilling across the Gidji project is only about 40 metres.”

Miramar’s next stage in exploration at Gidji will involve systematic deeper drill testing of the targets with the aim of outlining bedrock gold mineralisation.

The company is currently waiting on assay results from RC and Phase 3 aircore programs recently completed at Gidji.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Calidus Resources Drilling Blue Spec to Increase Warrawoona Production Rate

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the start of diamond drilling at the high-grade Blue Spec deposit at the company’s Warrawoona gold project in Western Australia.

Calidus Resources said the drilling was part of its development strategy for Warrawoona with Blue Spec to be integral to the growth of the project’s forecast production rate, with the deposit being located within trucking distance of the project.

The company believes Blue Spec to hold potential to increase production to a peak of 139,000 ounces per annum compared with the 105,000 ounces per annum contained in the Warrawoona Feasibility Study released in March this year.

“This new drilling program is an important step in our growth strategy,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“Blue Spec has the potential to underpin a significant increase in the production rate at Warrawoona while enabling us to leverage off infrastructure which will already be in place.

“This will in turn further strengthen the overall economics and financial returns.

“Our strategy is to finalise the Blue Spec feasibility study so we can bring it into the production plan as soon as practical once operations at Warrawoona have been bedded down.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Zenith Minerals Defines New Develin Creek Drill Targets

THE DRILL SERGEANT: Zenith Minerals (ASX: ZNC) reported the identification of four new drill targets at the company’s Develin Creek copper-zinc massive sulphide project in Queensland.

Zenith Minerals identified the new targets via induced polarisation (IP) geophysical surveys carried out at the Snook and Wilsons copper-zinc prospects.

The targets include two new high-quality drill targets identified at Snook (S1 & S2) located 30km south of the existing resource area and beneath and adjacent to recent Zenith drilling that has intersected massive copper-zinc sulphides.

Two other high conviction targets were located beneath shallow soil cover and along strike of surface gossans at the Wilsons prospects (W1 & W2).

The company now has a total of eight copper-zinc targets ready for drill testing, these include the four IP targets at Snook and Wilsons and four additional targets located close to the existing Sulphide City JORC massive copper-zinc sulphide deposits that had been defined by reinterpretation of geology, geochemistry and airborne electromagnetic survey (EM) data.

“Develin Creek is a large-scale VMS style copper – base metals system with a pre-existing JORC Resource at the northern end of the property (Sulphide City),” Zenith Minerals chairman Peter Bird said in the company’s ASX announcement.

“The property extends for some 50 kilometres south of this Resource.

“The eight geophysical anomalies mentioned in this release span the total lease area.

“The anomalies at Snook appear to be located below the early-stage shallow drilling and like the others defined require drill evaluation.

“VMS styles systems can be discrete but high grade and hence of great value.

“We see this advancement as a very positive step forward to allow us to build the copper inventory.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@zenithminerals.com.au

 

Web: www.zenithminerals.com.au

 

Firefly Resources Scores High-Grade Rock Chips at Yalgoo

THE DRILL SERGEANT: Firefly Resources (ASX: FFR) reported assay results from follow-up sampling of recorded and unrecorded gold workings across the northern extent of the company’s 100 per cent-owned Yalgoo gold project in Western Australia.

Firefly Resources recently announced it would be merging with Gascoyne Resources, however this apparently hasn’t stopped the company from concentrating on advancement of its Yalgoo project.

The company concentrated on sampling several historical workings around the intersection of the Western and Eastern Gold Trends at Yalgoo that returned encouraging assays.

These included the Drumline, Drumline South, Mako, Hammerhead and Good Companions prospects, situated within a three square kilometre area at the intersection of the regional folded stratigraphy where the Western and Eastern Gold Trends collide.

The samplings yielded very high grades at the intersection of the Western and Eastern Gold Trends, as well as the notable ‘demagnetisation’ of the BIF rocks in the area, which the company considers as a strong indicator of a potentially large-scale mineralised system at this important structural ‘collision zone.

“There’s a lot of excitement around Firefly at the moment with the announcement of a planned merger with Gascoyne Resources, however we remain absolutely focused on our core objective of delivering results from Yalgoo,” Firefly Resources managing director Simon Lawson said in the company’s ASX announcement.

“This latest round of rock-chip results further builds on the wider reconnaissance results we reported earlier this month by concentrating on some of the more structurally extensive and intensely altered gold zones we have identified.

“Given the widespread recorded mining activity at Yalgoo in the early 1900s, there are a lot of historical workings in the area and many of these workings have remained untouched since the old-timers walked away.

“We have identified these old workings from aerial imagery, studied the spatial relationships between the mineralisation and the different rock types and structures, and visited those workings to ground-truth and sample them.

“Having worked my whole career as a mine geologist, I know that grade is king and scale is everything else.

“Firefly is starting to reveal both of these key elements at Yalgoo with exciting implications for future development potential.

“The true scale of mineralisation over this northern part of the Yalgoo Goldfield is just coming to light now that it’s under single ownership. In particular, the intersection of the Western and Eastern Gold Trends is returning some very high-grade material over hundreds of metres of strike.

“Intersections in structure and stratigraphy commonly concentrate and trap gold, and we believe this is the case in the Drumline/Good Companion prospect area.

“There are many old workings seemingly scattered across this area of around three square kilometres, but when we correlate them with our aerial mapping, geophysics and ground-truthing we can see all the hallmarks of an emerging high-grade prospect area with scale, and importantly an area that has never seen any modern exploration work or drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@fireflyresources.com.au

 

Web: www.fireflyresources.com.au

 

De Grey Mining Bolsters Mallina Gold Project with Hemi Resource

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported an increase in the Mineral Resources Estimate for the company’s Mallina gold project (MGP) near Port Hedland in Western Australia.

De Grey has taken the MRE from 2.2 million ounces to 9 million ounces, thanks mainly to the company’s 6.8 million ounces Hemi discovery Maiden Mineral Resource.

The total JORC Code 2012-complaint Mineral Resource Estimate for Hemi currently stands at 192 million tonnes at 1.1 grams per tonne gold for 6.8 million ounces.

This breaks down to an Indicated Resources of 66 million tonnes at 1.3g/t gold for 2.8 million ounces and Inferred Resources of 127 million tonnes at 1g/t gold for 4 million ounces.

“Hemi is an exceptional new Western Australian gold discovery which is redefining the gold potential of the Pilbara and has changed the future for De Grey and our shareholders,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“De Grey’s exploration team has taken Hemi from discovery to a Tier 1 scale 6.8 million ounces gold deposit in a short timeframe.

“RC and diamond drilling commenced only 15 months ago and further extensions are expected at each deposit as drilling continues.

“Twelve drill rigs are currently focused on expanding Hemi as well as testing numerous targets within our large 100 per cent-owned, 150 kilometres long land package.

“I have no doubt we will be drilling and finding additional resources for many years to come.”

The inclusion of the Indiacte 2.8 million ounces of Hemi has taken the Measured and Indicated Mineral Resources across the MGP to 3.8 million ounces at 1.4g/t gold.

De Grey believes these Mineral Resources provide a strong platform for a scoping study targeted for completion in the September quarter 2021.

The company considers there to be potential for the maiden Hemi and Global MGP Mineral Resources to grow along strike and at depth.

“The company has delivered on its commitment to deliver a maiden Hemi Mineral Resource to shareholders by mid-2021,” De Grey Mining managing director Glenn Jardine added.

“The 6.8 million ounces Hemi Mineral Resource is substantial and exceeds our initial expectations.

“We are committed to increasing the resource base with ongoing drilling programs.

“Project studies, including metallurgy, geotechnical, mining, environmental, infrastructure and hydrogeology are continuing in parallel with the exploration drilling.

“These studies aim to provide information to define the development and production opportunities this scale of resource brings.

“The company expects to be able to provide production potential for Hemi and the overall Mallina gold project to shareholders in the September quarter 2021 through the completion of a scoping study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Apollo Consolidated Scores Strong Gold Hits at Cleo and Rebecca Deposits

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) declared hits of further widespread gold mineralisation from recent Reverse Circulation (RC) drilling undertaken at the Cleo discovery, located only 1.5 kilometres west of the main Rebecca deposit at the company’s 100 per cent-owned Lake Rebecca gold project east of Kalgoorlie in Western Australia.

Apollo Consolidated drilled nine RC holes at Cleo, all of which intersected shallow gold mineralisation, including:

RCLR0806
10 metres at 3.66 grams per tonne gold, 5m at 1.25g/t gold and 10m at 0.88g/t gold;

RCLR0807
5m at 6.75g/t gold and 5m at 1.59g/t gold;

RCLR0811
10m at 1.50g/t gold EOH, 5m at 1.84g/t gold and 5m at 1.56g/t gold;

RCLR0802
10m at 1.10g/t gold in RCLR0808, 10m at 1.09g/t gold; and

RCLR0803
5m at 3.76g/t gold and 5m at 1.34g/t gold.

“Immediate follow-up RC drilling will continue to scope this discovery and expand open mineralised zones into untested areas,” Apollo Consolidated said in its ASX announcement.

“Diamond drilling will confirm the orientation of mineralised structures and is scheduled to start in coming weeks.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Kin Mining to Commence Cardinia Gold Project Regional Exploration Drilling

THE DRILL SERGEANT: Kin Mining (ASX: KIN) signalled its intentions to step up exploration activity across a number of satellite projects located outside the company’s 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining owns six separate projects located east and west of the centrally located CGP, which the company has been advancing with a range of exploration activities over the past 12 months including ground-based geophysical surveys, surface auger soil geochemical surveys and first-pass air-core (AC) drilling programs to evaluate their prospectivity.

Upcoming regional exploration activities are to include RC drilling to follow up the recently discovered shallow high-grade gold mineralisation in first-pass air-core (AC) drilling at the Mount Flora prospect, 20km east of Cardinia, where best results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m.

Kin Mining stated the objective of the regional program is to systematically test the wide range of exploration opportunities across the company’s broader tenement holding to determine the potential for new discoveries and emerging satellite or standalone opportunities surrounding the Cardinia Gold Project.

“The purpose of the regional exploration program across the gold-based projects is to provide an initial assessment of the mineralisation style and gold grade and determine whether each project has the potential to be a viable stand-alone project or would more naturally provide potential satellite feed to a future CGP based mining and processing operation,” Kin Mining said in its ASX announcement.

“The key parameters governing these two potential development options is the distance from Cardinia, potential alternative treatment options, project size and mineralisation grade.

“Other projects in the portfolio of tenements also offer nickel sulphide exploration potential and these are being assessed in parallel with the gold project evaluation.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Musgrave Minerals Encounters Thick Gold Intersections at Big Sky

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new assay results from reverse circulation (RC) drilling at the Big Sky prospect, situated along a new gold corridor south-west of Lena on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

RC drilling completed south-west of Lena within the new seven kilometres-long gold corridor has continued to intersect gold mineralisation below thin transported cover (1-20m) in areas that had not been drilled by previous explorers.

The Big Sky gold anomaly is defined over 2.6km of continuous strike where it remains open to the north and south.

Intersections include:

21MORC101
84 metres at 1.4 grams per tonne gold from 24m, including 12m at 6.6g/t gold from 66m;

21MORC100
42m at 1.1g/t gold from 30m;

21MORC082
36m at 1.2g/t gold from 30m; and

21MORC094
12m at 1.7g/t gold from 108m to EOH.

“The RC drilling has confirmed the potential for significant gold mineralisation at Big Sky and the possibility of a number of higher-grade zones within the broader anomalous trend,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Drill traverse line spacing remains at more than 100 metres for much of the target area and assays are pending for more than 50 RC drill holes.

“The mineralisation is masked from surface by a thin veneer of transported hardpan cover.

“The near surface nature of the oxide, regolith gold mineralisation is expected to be favourable for open-cut mining.

“Regional drilling will continue with the aim of defining discrete higher-grade zones for resource definition.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797,000 tonnes at 10.2g/t gold for 262,000 ounces contained gold) and the Lena deposit (4.3 million tonnes at 2.3g/t gold for 325,000 ounces contained gold) located 130m to the west of Break of Day.

 

 

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au