Helix Resources Reports Interim Collerina Resource

THE DRILL SERGEANT: Helix Resources (ASX: HLX) posted an interim maiden Indicated and Inferred Mineral Resource estimate for the Central Zone portion of the company’s Collerina copper deposit in the Cobar Region of Central New South Wales.

Helix Resources believes the high-grade copper from near surface at Collerina provides scope for potentially advantageous development optionality with the project being well located in a region with increasing development and exploration activity.

The interim Indicated and Inferred Mineral Resource estimate is 2.02 million tonnes grading 2.03 per cent copper, 0.1 grams per tonne gold and includes a high-grade massive sulphide component of 1.4 million tonnes grading 2.6 per cent copper, 0.2g/t gold.

The company explained this Resource announcement was delayed from earlier expectations due to the undertaking of a reinterpretation of the mineral system’s localised geometry, particularly in the deeper parts of the system, and with several delays in drilling.

The company considers the new interpretation will be a critical part in the planning for future drilling to expand on the Resource estimate.

The review established a robust and refined interpretation of the broader Collerina copper system and provided clear vectors to expand the known copper mineralisation envelope, well beyond the current drill pattern.

“The interim resource modelling process has substantially improved our overall understanding of the controls on the distribution of copper at the Collerina deposit,” Helix Resources managing director Mick Wilson said in the company’s announcement to the Australian Securities Exchange.

“Due to the drill density so far, only a modest portion of the Collerina system can be converted to JORC 2012 compliant resources at this stage.

“However, the low discovery costs to date and near-surface high grade copper reporting in the fresh portion of the Central Zone Plunge underpin the projects emerging value.

“Drilling in adjacent target areas, particularly up and down dip of the Central Zone Plunge are clear priorities.

“Our confidence in the refined geological shape and understanding of the structural controls on copper distribution and enrichment, with further drilling, we expect to see significant portions of the surrounding Exploration Target shape included in a deposit scale resource estimate.”

 

Email: helix@helix.net.au

Website: www.helix.net.au

 

Emmerson Resources Continues Result Run from Tennant Creek

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) declared the initial results from the first three diamond holes completed at the company’s 100 per cent-owned Mauretania project at Tennant Creek as, “exceptional”.

Emmerson Resources carried completed Drill hole MTDD003 that intersected 15 metres at 45.2 grams per tonne gold from 92m, including 4m at 158g/t gold.

The hole was ultimately abandoned in mineralisation due to ground conditions.

The company indicated it had identified visible gold in the lower section of a second hole, MTDD004, and visible supergene copper minerals malachite and azurite identified in the bottom section of the final hole, MTDD005.

Assay results from MTDD004 and MTDD005 plus the remaining lower section of MTDD003 expected later this month.

“This early assay result from our first diamond drill hole at Mauretania demonstrates the exceptionally high-grade nature of the mineralisation at shallow depths and given its association with hematite, provides exciting potential for discovering further similar mineralisation across the Tennant Creek Mineral Field,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“On a comparative basis, this early result from our 100 per cent-owned Mauretania project suggests the previous program of RC drilling underrepresented the gold grades.

“Furthermore, the indicative grades at Mauretania exceed those seen during similar stage drilling at our recently commissioned Edna Beryl gold mine, which has a mined head grade of approximately 30 grams per tonne gold.

“The diamond drilling at Mauretania is part of a two-stage exploration program with the next stage consisting of deployment of a Sub-Audio Magnetics geophysical survey to map out the strike extent of the mineralisation.

“We thank the Northern Territory Government for awarding collaboration funding to trialling this new technology and look forward to seeing the results.”

Emmerson indicated the trial SAM survey at Mauretania will commence in mid-June 2019, aimed at mapping the extent of the sheared ironstone that hosts the high-grade gold mineralisation.

SAM technology has been developed for simultaneously mapping of electrical and magnetic responses and is a high definition, ground-based technique that has applications to shear hosted gold and copper.

In addition to the Mauretania testing, Emmerson will also apply SAM to the Black Snake – Three Thirty area within the company’s Southern project area.

The results of the SAM survey and the remaining assays from the May 2019 drilling program will be used by Emmerson to plan the next phase of drilling at Mauretania.

 

Email: www.emmersonresources.com.au

 

Rox Resources Drilling at Mt Fisher

THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced a substantial drilling program at the company’s 100 per cent-owned Mt Fisher gold project in the north eastern Yilgarn Craton, Western Australia.

Rox Resources explained the drilling is targeting shear zone hosted gold mineralisation in mafic / ultramafic bedrock that was delineated by earlier shallower drilling.

The company completed aircore drilling late 2017 (117 holes for 7,322 metres) that returned strong results and helped define RC gold targets at Mt Fisher.

New targets were identified at Damsel South and existing targets were confirmed and upgraded at Dirks and Shiva prospects.

Rox has previously delineated resources of 1.025 million toonnes at 2.7 grams per tonne gold for 89,059 ounces contained gold at the project.

This program is designed to extend these resources and to follow up new target zones.

“The program which comprises RC and Aircore drilling will run for approximately five weeks,” Rox Resources said in its ASX announcement.

“The program aims to discover new zones of bedrock mineralisation and confirm the potential for large shear hosted gold deposits.”

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

 

Spectrum Metals Doubles Penny North Lode Extent

THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) released the first results from a Phase II drilling program recently conducted at the company’s Penny North prospect in Western Australia.

Spectrum Metals has received results from three holes, including:

SPWRC040
7 metres at 17.5 grams per tonne gold from 230m, within 11m at 11.7g/t gold from 229m;

SPWRC039
1m at 180.3g/t gold from 206m, within 3m at 70.8g/t gold from 205m; and

SPWRC036
1m at 12.3g/t gold from 205m, within 3m at 6.3g/t gold from 205m.

The company explained the high-grade results from Holes SPWRC039 and SPWRC040 are located down dip of previously reported hole SPWRC027, adding that holes SPWRC039 and SPWRC040 add approximately 80m of down dip extent to this section line and therefore doubles the down dip extent of the Penny North lode on this section.

Up dip holes SPWRC038 and SPWRC050 on the same section line are still awaiting assay results.

Spectrum has drilled a total of 20 holes in its Phase II program so far that is continuing.

“We are very excited to see the high tenor and high width of gold mineralisation continue in our Phase II program, particularly within hole SPWRC040 which is the deepest hole yet assayed at Penny North,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“It appears that the Penny North structure again widens at this location and remains open down dip and along strike.”

 

Email: info@spectrummetals.com.au

Website: www.spectrummetals.com.au

 

Calidus Resources Drilling Highlights Resource Upgrade Potential

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) received first assays from a regional drilling program underway at the company’s Warrawoona gold project in the Pilbara of Western Australia.

Calidus described the results as “outstanding” with the exploration campaign part of its strategy to grow the 1.25 million-ounce JORC Resource at Warrawoona, where a Preliminary Feasibility Study is due for completion in July.

Results for an initial 25 holes of a larger 35-hole regional air-core program have been received.

Calidus explained the broad-spaced air-core drilling was undertaken to test several conceptual targets along the Klondyke and St George shears to the west of the 1.15 million-ounce existing resource and a gold-in-soil anomaly at Liberator to the south.

Shallow, high-grade gold intersected across the Klondyke Shear up to 5km west of the current Resource returned results including:

19TRAC008
8 metres at 8.06 grams per tonne gold from 56m;

19WWWB004
4m at 8.87g/t gold from 48m;

19KLAC009
12m at 2.37g/t gold from 52m;

19TRAC009
8m at 1.85g/t gold from 48m;

19TRAC006
4m at 3.54g/t gold from 60m; and

19SGAC003
4m at 2.35g/t gold from 44m.

“The results highlight the strong potential to grow the Warrawoona Resource,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“This is the first investigatory drilling that Calidus has undertaken well away from the established 1.15 million-ounce Resource at Klondyke.

“We are very encouraged by the results from this first-pass regional drilling program, which has identified shallow mineralisation up to five kilometres west from the Klondyke resource on the same geological structure.

“These results highlight Warrawoona’s potential to host further near-surface gold mineralisation in close proximity to the proposed mine development.

“We are looking forward to what is shaping up as a transformational financial year ahead as we complete feasibility studies, grow resources and explore the regional potential of the project.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au

 

Ardea Resources Identifies Gold at Goongarrie Nickel Cobalt Project

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) completed a first-pass gold exploration program at the Big Four prospect, part of the company’s Goongarrie nickel cobalt project in Western Australia.

Ardea Resources completed 265 aircore holes for 4,861 metres at the Big Four prospect, which it said had confirmed gold mineralisation at the company’s Big Four gold mine and historic gold prospects at Zeus and Dionysus, as well as identifying numerous new anomalies.

Results of the recent Big Four drilling include:

ABFA0245
6 metres at 2 grams per tonne gold from surface to end of hole (EOH);

ABFA0188
24m at 0.8g/t gold from 12m;

ABFA0197
12m at 0.3g/t gold from 78m to EOH;

ABFA0209
6m at 0.4g/t gold from 42m, and 18m at 0.1g/t gold from 66m to EOH; and

ABFA0152
4m at 0.3g/t gold from 6m to EOH.

“The stacking of the nickel-cobalt-scandium laterite mineralisation upon the gold being located in the crustal-scale Bardoc Tectonic Zone appears to be globally and geologically unique,” Ardea Resources CEO Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.

“The extent and strength of gold anomalism as a conceptual target is exceptional.

“Though much work remains to define the full gold potential, the possibility of multiple revenue streams from nickel, cobalt, scandium and gold at Goongarrie is tantalising.

“Forthcoming integrated drilling programs to define gold resources will complement and potentially add significant value to the economics of our flagship Goongarrie nickel cobalt project.”

 

Email: ardea@ardearesources.com.au

Website: www.ardearesources.com.au

 

Talisman Mining Commences RC Drilling at Blind Calf

THE DRILL SERGEANT: Talisman Mining (ASX: TLM) has commenced it third RC drilling program at the Blind Calf prospect in the company’s Lachlan copper-gold project in New South Wales.

Talisman Mining is close to completing preliminary site works to enable commencement of RC drilling to consist of an estimated 4,000 metres of drilling in 19 holes across three target areas, including down plunge extensions and DHEM conductors at Blind Calf as well as a number of parallel lodes to the north west, south and south east of the Blind Calf-Dunbars system.

Assay results from a soil and auger geochemical sampling campaign earlier this year have identified a new strong goldin-soil anomaly at the Melrose prospect within the wider Blind Calf region.

Talisman has planning underway for a submission of an initial Stage 2 targeted RC drill program at the Melrose prospect to the NSW Department of Planning and Energy for drill testing later in the 2019 calendar year.

XRF and assay results from the recent soil and geochemical sampling programs in the Blind Calf region also identified several anomalies for follow up work, including the Blind Calf Au prospect, presenting a strong gold-in-soil anomaly that extends for over one kilometre along strike.

“The Blind Calf Au prospect gold anomaly is closely associated with a geophysical feature characterised by a flexure in a regional magnetic trend,” Talisman Mining explained it is ASX announcement.

“Detailed mapping at Blind Calf has shown a similar flexure associated with strong alteration in the vicinity of the high-grade copper lodes.

“Site validation of the large gold anomaly has identified a similar system to that at Blind Calf, with a north south trending shear zone with associated shear veins dipping steeply to the west, hosted within Ordovician sediments close to the contact with Devonian volcanics.”

The company has also commenced planning for an initial program of Stage 2 targeted RC drilling at this new high-priority target area with programs anticipated to be submitted shortly for NSW DPE approval.

“The identification of these new geochemical anomalies from the first areas covered by the regional sampling campaign, validates Talismans strategy of systematic exploration based on proven geological principals and provides high priority targets for RC drill testing currently in the planning phase,” the company continued.

Talisman signalled it was continuing the extensive soil and auger geochemical sampling campaign.

It has two teams on site systematically collecting samples across multiple Stage 1 and Stage 2 target areas.

Sampling is approximately 60 per cent completed and it is anticipated that the remaining sampling programs will also generate further targets for future RC and/or diamond drill testing.

 

Website: www.talismanmining.com.au

 

St George Mining Identifies Mt Alexander Extension Targets

THE DRILL SERGEANT: St George Mining (ASX: SGQ) informed the market it has identified new, high-priority nickel-copper sulphide targets at the company’s Mt Alexander project, located near Leonora in the north-eastern Goldfields.

St George has previously reported intersections of high-grade nickel-copper sulphides across a 4.5-kilometre strike of the Cathedrals Belt – spanning from the Investigators prospect in the west to the Cathedrals prospect in the east.

Work completed by St George has inferred the Cathedrals Belt extends from the western margin of the Investigators prospect to the Ida Fault approximately 2.5km to the west.

The company recently carried out a SAM survey, identifying a large conductive feature, with an interpreted strike in excess of 300 metres, at the intersection of the Ida Fault and the Cathedrals Belt.

The Ida Fault is a deep, tectonic fault known to be associated with mineral deposits to the north and south of the Mt Alexander project.

This area remains largely undrilled and is referred to by St George as the West End prospect.

The company considers this new conductive and structurally important area to be a high-priority target for the discovery of nickel-copper sulphides and will be the first target to be drilled when drilling re-commences at Mt Alexander shortly.

An additional four new EM anomalies have been identified coincident with major conductive features close to known nickel-copper sulphides at both the Investigators prospect (a 1.5km east-west striking ultramafic dipping at 30 degrees to the north) and at the underexplored Bullets prospect (east of the Cathedrals prospect).

“The new target areas are located along strike or down-dip of high-grade nickel-copper sulphide mineralisation already discovered at the highly mineralised Cathedrals Belt, and are supported by three separate geophysical surveys,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The new conductive target adjacent to the Ida Fault is particularly exciting.

“This area has never been drilled and we look forward to drilling this large target soon.

“We are also very enthusiastic about the new conductive anomalies to the north of Investigators as our geological model for the Cathedrals Belt supports the scope for continuity of high-grade mineralisation either at depth in the northerly down-dip direction or through the repetition of the mineralised ultramafic in the north.

“These are compelling targets for the potential discovery of further nickel-copper sulphides which could significantly expand the footprint of high-grade mineralisation at Mt Alexander.”

St George Mining said the drilling of these new anomalies will represent a major step-out for the company from the large mineralised horizon it has already established at Investigators and will test for extensions of the known high-grade mineralisation.

 

 

Website: www.stgm.com.au

 

Spectrum Metals to Run SAM Survey Over Penny West Shear

THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) is preparing a Sub‐Audio Magnetic (SAM) survey to be carried out over the Penny West Shear and surrounds at the company’s Penny West gold project in Western Australia.

Spectrum Metals has engaged Gap Geophysics to complete the SAM survey covering the Penny West Shear from south of the Penny West open pit to the northern lease boundary.

In 2015, a ground magnetic survey conducted over the entire Penny West project area, consisting of Mining Leases M57/180 and M57/196 produced magnetic data showing a clear and distinct low magnetic intensity zone striking north to south, from the Penny West open pit, to the northern lease boundary.

Spectrum Metals explained the proposed SAM survey, consisting of around 85 linear kilometres and covering an area of four-square kilometres, will encompass the entire Penny West Shear Zone in addition to other structures to the east and west.

Besides providing a higher resolution magnetic survey the SAM technique will be used to identify conductive material within the rock and resistive anomalies in conductive terrain.

The results will then be combined with recent auger geochemistry, which Spectrum will use as a layered data approach to help guide its future drilling programs on the tenements and in the gap Zone between Penny North and Columbia‐Magenta.

“Spectrum is eagerly anticipating the commencement of the SAM geophysics survey,” Spectrums Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.

“We believe that this technique, which has been of significant value to other explorers in the goldfields recently, will greatly enhance our structural understanding at the Penny West project and will be used to target additional potential gold mineralisation along the Penny West Shear.”

 

Email: info@spectrummetals.com.au

Website: www.spectrummetals.com.au

 

Piedmont Lithium Progresses Core Property Resource Drilling

THE DRILL SERGEANT: Piedmont Lithium (ASX: PLL) announced Phase 4 drill results for the company’s Piedmont lithium project located within the Carolina Tin-Spodumene Belt (TSB) in North Carolina, USA.

Piedmont Lithium completed 41 drill holes at the project’s Core property, encountering mineralisation in 40.

The company said the Phase 4 drilling had continued to expand the extent and continuity of the pegmatite system on Core, providing confidence of a substantial Mineral Resource estimate update in June.

The company explained the primary objective for the Phase 4 drilling program on Core is to increase the size of the current Core Mineral Resource estimate of 16.2 million tonnes at 1.12 per cent lithium oxide (Li2O) and extend the overall projected life-of-mine.

“We are very pleased with these interim results from Phase 4 drilling, which continue to highlight high-grade mineralisation near surface,” Piedmont Lithium president and chief executive officer Keith D. Phillips said I the company’s announcement to the Australian Securities Exchange.

“The shallow nature of the ore body, combined with pure spodumene mineralogy, local by-product markets and exceptional infrastructure, are important factors which should position the Piedmont lithium project in the first quartile of the cost curve.

“We look forward to reporting a significant increase to our property-wide resource in June, and to reflecting that enlarged resource in an updated scoping study in July.”

 

Email: info@piedmontlithium.com

Website: www.piedmontlithium.com