Iceni Gold makes Vein Gold Discovery to Expand Christmas Gift Shear

THE DRILL SERGEANT: Iceni Gold (ASX: ICL) enjoyed a 300 per cent share price spurt on the back of an exploration update on recent work conducted on the company’s 14 Mile Well gold project in Western Australia.

Fieldwork undertaken at the Christmas Gift prospect in the Everleigh Well area has exposed multiple spectacular gold bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact.

Christmas Gift is located within the Everleigh Well Target area that is central to the 14 Mile Well project.

The Christmas Gift prospect is located at one of the historical workings and where sampling by the company during 2023 confirmed the presence of the narrow high-grade quartz vein with abundant visible gold.

Recent exploration work to better expose the gold bearing lithological unit has resulted in the discovery of further spectacular narrow quartz veinlets containing visible gold, and that has greatly enhanced the understanding of controls on the gold bearing structure.

Iceni Gold managing director Wade Johnson said in the company’s ASX announcement.
“The shallow excavation and sampling activities at Christmas Gift exposing the rich gold bearing quartz veinlets within the shear zone is an exciting development for the company,” Iceni Gold managing director Wade Johnson said in the company’s ASX announcement.

“The additional fieldwork has improved our knowledge of the host structure, that has advanced our understanding to further explore the Christmas Gift structure, but also provides a geological model that we can apply elsewhere in the Everleigh Well area.

“The strike length of the structure is open; drill sites have been prepared and we are looking forward to commencing drilling shortly to evaluate the down dip extent of the structure and rapidly advance this priority target.”




Helix Resources Extends Target Zone For New Copper Lodes At Canbelego

THE DRILL SERGEANT: Helix Resources (ASX: HLX) is gearing up to commence drilling of a new, large scale Induced Polarisation (IP) geophysical target at the company’s Canbelego Joint Venture project with Aeris Resources (ASX: AIS).

Helix Resources explained the new IP target to be larger than the IP anomaly it has over the adjacent Canbelego Main Lode Copper Mineral Resource.

The NNW-trending Western chargeable anomaly has been extended to a strike length of 625 metres, and is more chargeable and larger than the anomaly associated with the Canbelego Main Lode.

This anomaly is outside the previously drilled area, but within the surface copper geochemical anomaly.

The depth to the top of the chargeable zone is approximately 130m vertical and is considered by the company as being a compelling drill target.

“Upcoming drilling will confirm if the compelling new IP geophysics anomaly at Canbelego represents a new zone of copper mineralisation and demonstrate that Canbelego has multiple near-surface copper lodes,” Helix Resources executive technical director Kylie Prendergast said in the company’s ASX announcement.

“Multiple copper lodes are a characteristic feature of several Cobar-style deposits including Metal Acquisition Limited’s large CSA copper deposit.

“Helix believes that the Canbelego copper deposit is analogous to the CSA copper deposit.

“To date, three separate high-grade copper lodes have been identified by drilling at Canbelego including the main lode copper resource and two smaller western lodes which are narrower but well developed.

“All of the lodes have geophysical IP anomalies however the new ‘far’ Western anomaly is the largest we have identified.

“IP geophysics was first deployed by Helix in early February as a tool to rapidly assess the near-surface potential of the Canbelego copper footprint, down to a depth of approx. 400 metres, for additional copper lodes or extensions to known copper lodes.

“It is now time to drill test the new targets and Helix is planning to bring a drill rig to site in the coming weeks.

“In addition, Helix continues to advance further high priority copper and gold targets in its portfolio in the prolific Cobar region.”




St George Mining Defines New Lithium Targets at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has made a further lithium targeting advancement at the company’s Mt Alexander project in Western Australia.

St George Mining has already mapped over 500 pegmatites at Mt Alexander to date.

Samples the company has taken from many of these outcrops have recorded highly anomalous lithium values providing strong encouragement for the potential of lithium mineralisation at the Project.

St George engaged external consultants to review the lithium potential at Mt Alexander and assist with definition of new drill targets.

Following a detailed review of drilling and other project data a field assessment was carried put, which included ground-truthing, lithological and structural mapping and geochemical analysis.

This field work included recording the potassium (K) and rubidium (Rb) values of feldspar within numerous outcropping pegmatites using a portable XRF analyser.

“Drilling at Mt Alexander has already confirmed the presence of high-grade lithium mineralisation – up to 1.8 per cent lithium oxide (Li2O) – and very thick pegmatites up to 121 metres thick,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The latest targeting work with external consultants at ERM has been focused on finding the most likely areas with potential for significant lithium mineralisation.

“The new gold targets are also compelling gold exploration opportunities in their own right – and made more exciting given the known correlation between lithium and gold occurrences at the neighbouring project of Delta Lithium.

“Four areas standout as priority targets across our large landholding.

“This is an exciting development in lithium targeting at Mt Alexander and we look forward to drilling these targets soon.”




Larvotto Resources Reports High-Grade Gold Results from Hillgrove

THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) had to wait until Day Two of the RIU Sydney Resources Roadhouse to throw a spanner amongst the pigeons.

Larvotto Resources presented on Day One, but was hamstrung by a self-imposed trading halt from releasing some exciting drilling results from the Bakers Creek deposit within the company’s recently acquired Hillgrove gold and antimony mine, near Armidale in New South Wales.

The diamond drilling program targeted the lower level of gold mineralisation at the Hillgrove Mine area at Bakers Creek with results confirming and extending known gold mineralisation at Hillgrove.

High-grade intercepts include:

31 metres at 65.8 grams per tonne gold from 244m, including 5.3m at 220g/t gold from 245m and 4.75m at 161g/t gold from 255.1m;

3.5m at 9.55g/t gold from 161m, including 0.5m at 49.6g/t gold from 162.6m; and

13.1m at 3.61g/t gold from 346m, including 4m at 8.11g/t gold from 349m.

“The drilling program at Bakers Creek yielded exceptional high-grade intercepts, returning significant high-grade results,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“This work highlights the wealth of mineralised structures within the Hillgrove field.

“Bakers Creek has historically produced over 300,000 ounces of high-grade gold.

“From our interpretation of these mined areas, we concluded there should be further extension to the ore shoots.

“The standout result of 31m at 65.8 grams per tonne gold has clearly demonstrated that the mineralisation does extend to depth while maintaining excellent grades.

“We believe that other adjacent mineralised zones will also extend to depth in a similar way, and we look forward to testing these with upcoming drill programs, providing confidence that we can add further resources at Hillgrove from deeper zones.

“These stunning results also provide the Company with positive momentum as we near completion of the metallurgical study and the release of our initial Ore Reserve Estimate for the Hillgrove project.”




ACDC Metals Confirms Heavy Mineral Strandline Discovery at Douglas Project

THE DRILL SERGEANT: ACDC Metals (ASX: ADC) reported confirmation of the discovery of a new strandline at shallow depth at the company’s Douglas heavy mineral sand project in Victoria.

ACDC Metals received assay results from a follow-up drilling program completed during March 2024 that produced results of:

21 metres at 4.73 per cent total heavy minerals (THM) from 21m, including 4.5m at 11.34 per cent THM from 21m and 1.5m at 18.15 per cent THM from 24m;

33m at 3.19 per cent HM from 9m, including 7.5m at 7.91 per cent HM from 19.5m and 1.5m at 15.28 per cent THM from 24m; and

30m at 4.14 per cent HM from 12m, including 10.5m at 7.52 per cent HM from 18m and 1.5m at 15.16 per cent from 22.5m.

ACDC declared the results to have confirmed the discovery of a new strandline system, located approximately 2km west of the previously known Acapulco strandline deposit that partly sits within the company’s exploration licence area (EL7544).

“Our 2024 drilling campaign keeps on delivering great results across our project portfolio, and the new assays from our Douglas project are no exception,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“These results confirm new strandline style mineralisation in a region that has seen prior mining by Iluka Resources.

“Given the positive results, our exploration team is mobilising quickly to execute another campaign this month to understand the extent and potential or this discovery.

“We look forward progressing this project and will update the market following our upcoming drilling program.”




New World Resources Secures Third Drill Rig for Antler Copper Project

THE DRILL SERGEANT: New World Resources (ASX: NWC) has added a third drill rig to accelerate the drilling program it has underway at the company’s Antler copper and Javelin VMS projects in northern Arizona, USA.

New World Resources has had the exploration drilling program in operation for some time, during which it has defined more than 16 high-priority targets it considers to hold potential to discover high-grade volcanogenic massive sulphide (VMS) mineralisation at the two projects.

The third drill rig is scheduled to arrive at the Antler project later this month and is expected to be used for both ore reserve-definition drilling as well as resource expansion drilling.

Last year, NWC completed an Updated Scoping Study that outlined healthy economics around the potential development of the high-grade Indicated and Inferred Resource base at the Antler copper project, which currently comprises:

11.4 million tonnes at 2.1 per cent copper, 5 per cent zinc, 0.9 per cent lead, 32.9 grams per tonne silver and 0.36g/t gold (11.4Mt at 4.1 per cent copper-equivalent).

The company is close to finalising a Pre-Feasibility Study on the development of the project targeted for completion in June 2024.

“We are pleased to be committing to a third rig to accelerate our ongoing drilling program,” New World Resources managing director Mike Haynes said in the company’s ASX announcement.

“We have now defined more than 16 high-priority, untested exploration targets across our Antler and nearby Javelin VMS projects.

“These warrant concerted drilling in their own right.

“And with the mine schedule for the PFS all but finalised, we also want to be in a position to advance Ore Reserve definition drilling concurrently.

“Having a third drill rig on site gives us the flexibility both to get ore reserve definition drilling underway while also being able to swing that rig to help advance exploration drilling, as appropriate.

“This will help us further de-risk the project from a technical standpoint as we continue to move towards production – so that we convert Mineral Resources to Ore Reserves and, at the same time, work to expand the Resource base so we can continue to be confident that we are optimising the ultimate scale of the project development.”





Kairos Minerals Delivered Encouraging Roe Hills REE Metallurgical Recoveries

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) has received results from metallurgical tests carried out on drill samples of rare earths-mineralised clay from the Black Cat rare earths prospect within the company’s Roe Hills project in Western Australia.

Kairos Minerals reported a return of very high extraction rates using hydrochloric acid leach.

“Before we drill for a large resource, we need to make sure we can beneficiate or upgrade the mineralisation to a saleable product for the market and these early tests demonstrate that there are no refractory components to the mineralisation that are often seen with clay-hosted REE project,” Kairos Minerals managing director Dr Peter Turner explained in the company’s ASX announcement.

Kairos submitted samples of REE-mineralised lower saprolite clays with representative grade of mineralisation that were collected and composited from two RC drillholes (RHRC136 & RHRC158) completed during the company’s 2023 campaign.

Total rare earth leach recoveries were very high at 89.9 per cent to 97.4 per cent for the four composite samples with total rare earth oxide (TREO) ranges of 2,072ppm to 5,685ppm.

“We now have good reason to be very confident with our Roe Hills REE project, with high in-situ grades of the clay-hosted mineralisation and large areas interpreted from the gravity results to be underlain by enriched syenites that will be tested in the next round of cost-effective aircore drilling,” Turner said.

“The leaching characteristics are first-class with truly high recovery rates between 90-97 per cent using hydrochloric acid.

“Several samples also show the REEs reporting to the finer fraction of the clays, especially in the valuable rare earths samarium (Sm), neodymium and praseodymium (Nd&Pr).

“This gives us encouragement to review a second stage of test work.”




Dreadnought Resources Yields High Quality, Mixed Rare Earth Carbonate

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) received encouraging results from test work undertaken by Australia’s Nuclear Science and Technology Organisation (ANSTO).

Dreadnought Resources had given ANSTO a sample of monazite concentrate taken from the Yin deposit within the company’s 100 per cent-owned Mangaroon rare earth element (REE) project in Western Australia.

ANSTO put the sample through metallurgical testing hoops via a conventional acid bake/leach process to produce a mixed rare earth carbonate (MREC).

MRECs are used as raw materials for midstream processors to separate individual rare earth oxides, in this case neodymium (Nd) and praseodymium (Pr).

Applying a conventional low-temperature acid bake/leach process, ANSTO achieved the following results:

o approx. 94 per cent recovery of Nd and Pr from concentrate through to MREC;

o MREC grade of 60.7 per cent total rare earth oxide (TREO) containing 16.3 per cent Nd2O3 and 4.4 per cent Pr6O11; and

o The NdPr oxide ratio is high at 34 per cent of the total TREO.

“This is a significant milestone for Dreadnought and the Yin REE project,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“ANSTO is a world-leader in its field and has demonstrated that the monazite concentrate has excellent metallurgical recoveries using a conventional process that results in a high quality MREC.

“Ongoing metallurgical optimisation work is expected to further improve these results.

“With these results in hand, we are well placed to advance discussions with a range of downstream partners.”




Brightstar Resources to Commence Menzies and Laverton Drilling Program

THE DRILL SERGEANT: Brightstar Resources (ASX: BTR) is about to commence a +30,000 metres reverse circulation (RC) and diamond drilling across the company’s portfolio of gold projects in Western Australia.

Brightstar Resources is drilling to target resource upgrades and extensions in conjunction with feasibility workstreams at Menzies and Laverton, as well as the Second Fortune and Jasper Hills gold projects of Linden Gold.

In March 2024, Brightstar announced the off-market takeover of the unlisted Linden Gold Alliance Limited which is currently operating the underground Second Fortune Gold Mine south of Brightstar’s Laverton project area.

The RC program will kick off at Menzies, where Brightstar aims to increase geological confidence of the Lady Shenton system into Measured and Indicated status, thereby de-risking early stages of mining and providing information for mine planning purposes.

In accordance with the company’s September 2023 Scoping Study, approximately 100,000 ounces of gold are to be mined from open pits within the Lady Shenton system across two virgin pits and a cut-back of the existing Lady Shenton mine.

While all this is happening, Brightstar will be drilling the St Francis prospect not far from the Selkirk deposit, which recently generated $6.5 million profit to the company.

Further RC along with diamond drilling is planned at Cork Tree Well and Linden Gold’s Second Fortune and Jasper Hills (Fish and Lord Byron deposits) projects to target both high-grade underground gold resources and baseload feed open pit targets.

“This drilling program is the start of an aggressive exploration campaign by Brightstar, including deposits within the recently announced Linden Gold merger,” Brightstar Resources managing director Alex Rovira said in the company’s ASX announcement.

“Beyond the initial RC campaign at Menzies, the drill rigs will then head to Brightstar’s Laverton Hub with the view to complete diamond and reverse circulation drilling programs across the enlarged Brightstar portfolio.

“We expect these holes to deliver valuable information for geological, mine planning, geotechnical and metallurgical purposes ahead of the combined pre-feasibility study to be released by the end of the year.

“We’re also targeting greenfields exploration growth at the St Francis and Delta 2 prospects within the Menzies and Laverton gold projects respectively, with both highly compelling targets identified for drill testing.”




ABx Group Increases Tasmanian Rare Earth Resources to 89Mt

THE DRILL SERGEANT: ABx Group (ASX: ABX) released an updated Mineral Resources Estimate (MRE) for the company’s projects in northern Tasmania.

Abx Group, with assistance from consultants, completed an updated resource estimation of the Deep Leads – Rubble Mound and Wind Break rare earth resources located on the outskirts of Launceston.

The estimate is 89 million tonnes averaging 844ppm total rare earth oxides (TREO), from 29 per cent of the mineralised outline being a 70 per cent increase in tonnes and three per cent higher grade than the company’s previous estimate.

“This 70 per cent expansion of our rare earths resource arises from 400 new drillholes and expansion of our mineralised outline by ABx’s proprietary exploration technology,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“This campaign has enhanced the higher-grade zones that are our top candidates for production studies.

“Because ABx is beginning economic studies, we have introduced a cut-off grade based on the gross value of contained rare earth oxides that allows us to easily vary the in-situ gross dollar value of resource estimates in the higher-grade zones.

“ABx’s resource is exceptionally enriched in permanent magnet rare earths, especially dysprosium and terbium, which have the highest global supply risk and are almost exclusively produced from ionic adsorption clay rare earth deposits in China and Myanmar.

“ABx is focused on creating a rare earths project that can address looming supply shortages of these critical minerals.”