RareX to Drill High-Grade Extensional Targets at Cummins Range

THE DRILL SERGEANT: RareX (ASX: REE) is set to commence a major new exploration drilling program at the company’s 100 per cent-owned Cummins Range rare earths project, located in the Kimberley region of Western Australia.

RareX informed the market that the upcoming phase of exploration will comprise more than 6,000 metres of reverse circulation (RC) and diamond drilling and comes on the back of drilling completed in 2020 as well as a thorough geological review of the Cummins Range deposit that was undertaken by RareX geologists over the wet season.

Subsequently, a revised geological model has been established, based largely on the 58 RC drill holes that were completed in August-October 2020, identifying new high-grade exploration targets.

The new interpretation has established the presence of pre-existing high-grade fault structures that represent high-priority exploration targets with the potential to substantially change the scale of the Cummins Range project.

This new understanding has formed the basis of the upcoming RC and diamond drill program planned to commence in late April.

“The work undertaken over the wet season by the RareX geological team has the potential to be a game-changer for the Cummins Range project, building on its existing attributes as an advanced, high-quality rare earths project in a Tier-1 mining jurisdiction with the ability to yield a premium product,” RareX managing director Jeremy Robinson said in the compan’ys ASX announcement.

“If the new geological interpretation is confirmed, the upcoming drilling has the potential to dramatically expand the scale of the deposit and delineate a significant volume of new high-grade material.

“We are looking forward to what the upcoming drilling can deliver.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@rarex.com.au

 

Web: www.rarex.com.au

 

 

Encounter Resources Commences Major Paterson Province Drilling Campaign

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has recommenced drilling at the Yeneena copper-cobalt project in the Paterson Province of WA.

The latest round of drilling is part of the company’s $15 million exploration earn-in with IGO Limited and will involve up to 1,900 metres of diamond drilling targeting:

The Windsor EM target that is located west of the BM1 copper oxide zone where previous drilling encountered 10 metres at 6.8 per cent copper from 32m, 20m at 2 per cent copper from 22m, and 16m at 3.2 per cent copper from 26m;

The Aria IOCG target, which is a conductive feature that has been identified on the margin of the Aria breccia pipe where localised copper mineralisation has been intersected in two diamond holes drilled to date; and

A stratigraphic diamond drill hole (1,000m) to test the contact between sandstone belonging to the Coolbro Formation and shales belonging to the Broadhurst Formation.

Once drilling at Yeneena is done, the rig will be moved to conduct drill testing of a new copper drill target at the Millennium Joint Venture (Encounter 75% / Hampton Hill Mining 25%).

This will be followed by up to 1,500m of EIS co-funded drilling at Encounter’s 100 per cent-owned Lamil copper-gold project.

“We have two months of predominantly copper focussed diamond drilling planned in the Paterson Province,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“This will include drilling of two high quality targets at Yeneena as part of the IGO earn-in; testing of a copper target at the Millennium Joint Venture; and drilling for further mineralised extensions at the 100 per cent-owned Lamil copper-gold project.

“This exciting program has commenced at Yeneena and we expect first results to be returned in May 2021.”

 

 

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

 

Peel Mining Encounters More Copper Hits at Wirlong

THE DRILL SERGEANT: Peel Mining (ASX: PEX) informed of recent resource definition drilling at the company’s 100 per cent-owned Wirlong deposit in New South Wales.

Peel Mining reported the drilling returned further broad and high-grade copper-mineralised intercepts, including:

WLRC083
42 metres and 1.26 per cent copper, 5 grams per tonne silver from 258m to end of hole, including 9m and 4.1 per cent copper, 15g/t silver from 270m; and
26m and 0.58 per cent copper, 5g/t silver from 122m;
2m and 2.17 per cent copper, 22g/t silver from 206m; and
24m and 0.54 per cent copper, 2g/t silver from 222m;

WLRC087
2m and 1.11 per cent copper, 13g/t silver from 262m

WLDD006
3.61m and 3.12 per cent copper, 25g/t silver from 165m;
3m and 0.67 per cent copper, 10g/t silver from 213m;
5m and 2.84 per cent copper, 10g/t silver from 291m; and
11m and 0.88 per cent copper, 5g/t silver from 333m, including 4m and 1.67 per cent copper, 6g/t silver from 340m;

WLDD007
4m and 1.7 per cent copper, 6g/t silver from 255m; and

WLDD008
10m and 2.09 per cent copper, 8g/t silver from 193m.

Wirlong is part of Peel’s South Cobar project in NSW where drilling has been undertaken as part of the company’s ‘Hub & Spoke’, which aims to advance each of the deposits to mineable resources, to achieve critical mass in support of a new substantial centrally located processing plant.

Drilling at Wirlong has been designed to test the upper ~300m of the Wirlong Central Zone where high-grade copper (chalcopyrite) mineralisation has been interpreted to be structurally controlled on a NW-SE orientation.

Peel Mining said the recently returned assays results confirm healthy copper mineralisation in multiple drillholes, including broad mineralised zones (with higher-grade internal zones) and narrower mineralised zones including high-grade mineralisation.

The current results support earlier drillholes that intersected substantial chalcopyrite-dominant sulphide mineralisation over significant downhole widths.

“Wirlong keeps producing excellent copper hits and, encouragingly, is indicating good vertical spatial continuity between intercepts – underlining this is drillhole WLRC083 which is positioned approximately 90 metres above from WLRC073 and has returned a broad interval of copper mineralisation to end of hole including a significant very high-grade interval,” Peel Mining managing director Rob Tyson said.

“The recent switch to diamond drilling provides additional valuable information to assist with our structural and geological modeling as well as material for metallurgical testwork.

Once again, these results, coupled with the visuals and XRF analyses for drillholes still to be reported, assist in our goal of defining a high-grade maiden copper resource at Wirlong.”

 

 

Email: info@peelmining.com.au

 

Web: www.peelmining.com.au

 

Eagle Mountain Mining Hits “Best Grades Ever” at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) was keen to report its latest drilling results from the company’s 80 per cent-owned Oracle Ridge mine project in Arizona, USA.

Eagle Mountain Mining declared the latest results to be the highest grades to be ever recorded at the project, including:

WT-21-06
12.7 metres at 3.96 per cent copper, 49.1 grams per tonne silver and 1.4g/t gold from 363.1m, including 8.7m at 5.2 per cent copper, 66.7g/t silver and 1.98 g/t gold;
34.4 per cent copper, 367g/t silver and 26.2g/t gold over 0.4m in massive chalcopyrite zone, the highest-grade assay ever recorded at Oracle Ridge.

WT-21-04
14m at 2.1 per cent copper and 22.6g/t silver from 275m, including 7.7m at 3.16 per cent copper and 31.4g/t silver;
24.2m overall mineralised intercept grading 1.38 per cent copper and 14.8g/t silver.

“WT-21-06 followed up the discovery of a high-grade breccia zone in hole WT-20-10 and delivered one of the best intersections recorded at Oracle Ridge, including the highest-grade copper, gold and silver assays ever recorded,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are thrilled by the outstanding grades but also extremely pleased by the thickness of the mineralised zone at the Leatherwood contact.

“Drilling is ongoing in the vicinity of WT-21-06 to assess further extensions to this new zone.

The intersection in holes WT-21-06 and WT-21-04 confirms the potential of the Leatherwood contact to deliver substantial additional resources at Oracle Ridge.

“While drilling continues, we are expediting earthworks to obtain access to new drill pads, particularly in the southern area where strongly mineralised holes drilled in the 1970s have never been followed up.”

 

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

 

Moho Resources Identifies New High-Grade Gold Zones

THE DRILL SERGEANT: Moho Resources (ASX: MOH) reported hitting additional high-grade gold zones at the northern end of the company’s East Sampson Dam prospect in Western Australia.

Moho Resources encountered the mineralisation during phase 2 reverse circulation (RC) infill and extension resource definition drilling on the prospect.

Assay results from the final 20 RC holes of the program contain mineralised intervals and new mineralised zones that extends high-grade gold mineralisation a further 40 metres north along strike.

Results include:

SSMH0139
6 metres at 11.03 grams per tonne gold from 62m, including 1m at 43.5g/t gold from 64m, 1m at 10.7g/t gold from 63m and 1m at 8.8g/t gold from 62m;

SSMH0132
4m at 1.82g/t gold from 42m, including 1m at 5.22g/t gold from 45m;

SSMH0130
2m at 3g/t gold from 43m;

SSMH0144
3m a 2.95g/t gold from 19m, including 1m at 5.2g/t gold from 19m and 1m at 2.38g/t gold from 21m; and

SSMH0142
1m at 7.05g/t gold from 42m.

“Moho’s exploration team continues to make excellent progress at East Sampson Dam,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

“The latest RC drill results extend gold mineralisation down plunge at the southern end of the prospect and highlight the potential to discover additional gold mineralisation at the northern end of the prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

 

De Grey Mining Claims New Gillies Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) claimed a new gold discovery, located 30 kilometres southwest of the company’s Hemi gold discovery in Western Australia.

De Grey Mining identified a new shear hosted gold target via broad spaced RC drilling at the Gillies prospect, situated within the Farno Joint Venture.

De Grey undertook the drilling to increase its equity from 30 per cent to 75 per cent interest in the JV that involves tenement E47/2502 where De Grey is manager with TSX-listed Novo Resources Inc (TSX: NVO) its 25 per cent partner.

A follow-up RC drilling program is already planned for Q2 2021 along with additional aircore drilling is planned to test numerous bedrock gold anomalies, including several Hemi style intrusion targets within the Farno JV.

“Gillies is shear zone hosted, similar to Withnell, Wingina, Mallina and Mt Berghaus, which make up a significant portion of the company’s regional 2.2 million ounce existing endowment,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“Exploration within the Farno JV area is at a very early stage however this new gold system provides strong evidence on the potential of the region.

“De Grey has formed a dedicated regional exploration team which is preparing for the company to restart exploration outside of the Greater Hemi area, in parallel with extensional and exploration work within the Greater Hemi area.

“We anticipate following up the Gillies discovery hole in the next quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Kin Mining Upgrades Cardinia Hill Potential

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has highlighted the potential of the Cardinia Hill deposit to expand the current 61,000 ounce Inferred Mineral Resource at the company’s 100 per cent-owned Cardinia Gold Project (CGP), near Leonora in Western Australia.

Kin Mining reported wide, high-grade assay results from an initial Reverse Circulation and diamond Resource Definition drilling program at the Cardinia Hill deposit, located two kilometres from the project’s proposed processing plant location.

The company declared the results have confirmed its understanding of the geology in the oxide and sulphide zones at Cardinia, with assays including:

CH21RC142
8 metres at 14.9 grams per tonne gold from 194m;

CH21DD093
12m at 7g/t gold from 80.6m;

CH21RC116
13m at 5.98g/t gold from 38m; and

CH21RC112
24m at 3.12g/t gold from 19m, including 9m at 6.95g/t gold from 34m.

“This is a great way to close-out the first quarter, with the first batch of assays from the Resource Definition drilling program at Cardinia Hill well and truly coming up with the goods,” Kin Mining managing director Andrew Munckton exclaimed in the company’s ASX announcement.

“The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets.

“The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.

“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8 metres at 14.9 grams per tonne gold from 194m down-hole in CH20RC142, 12 metres at 7 grams per tonne gold from 80.6m down-hole in CH21DD093 and 13 metres at 6 grams per tonne gold from 38m down-hole in CH20RC116 in the main lode position, demonstrates the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near-surface component and the overall deposit.

“The 25 metres by 25 metres Resource Definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.

“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions.

“This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.

“Elsewhere across the project, air-core drilling at 200 metres line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.

“These targets have the potential to reveal new discoveries for the company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.

“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Saturn Metals Continues Apollo Hill Gold Encounter

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has continued its run of near surface gold intersections at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, south-east of Leonora in Western Australia.

Saturn Metals reported further results from ongoing RC drilling at Apollo Hill, which is being undertaken as part of the company’s strategy to grow the Apollo Hill Mineral Resource hat it upgraded to 944,000 ounces in January.

The company has a further resource upgrade pencilled in for later in 2021, after results come in from the next 30,000m of planned drilling across the Apollo Gold camp.

Latest results include:

AHRC0618
54 metres at 3.72 grams per tonne gold from 43m, including 33m at 5.8g/t gold from 49m;

AHRC0535
12m at 5.79g/t gold from 22m;

AHRC0590
45m at 1.58g/t gold from 0m, including 14m at 2.88g/t gold from 0m and 12m at 1.5g/t gold from 28m;

AHRC0610
65m at 0.96g/t gold from 43m, including 25m at 1.7g/t gold from 48m, including 8m at 3.13g/t gold from 57m; and

AHRC0591
50m at 1.11g/t gold from 4m, including 22m at 1.63g/t gold from 6m.

“Results from this program have increased our confidence in the deposit’s potential and provided some excellent intersections for Saturn’s next planned resource upgrade,

“These results, along with other expansionary exploration, and recently reported drill results, provide strong leverage for ongoing growth at Apollo Hill.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Genesis Minerals Increases Ulysses to 1.6 Million Ounces

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) delivered an updated Mineral Resource Estimate for the company’s 100 per cent-owned Ulysses gold project near Leonora in Western Australia.

Genesis Minerals reported the updated Mineral Resource Estimate dispenses a 26 per cent increase in contained ounces to approximately 1.6 million ounces of gold.

The updated incorporates results of drilling programs completed at the Ulysses project over the second half of 2020 following the acquisition of the Kookynie tenements.

The updated Measured, Indicated and Inferred Mineral Resource now totals 27.3 million tonnes at 1.8 grams per tonne gold for 1,608,000 ounces of contained gold, which represents an increase of 327,000 ounces over the previous June 2020 Mineral Resource.

Contributions to the new estimate, include:

Admiral-Butterfly-Clark Group Deposits:

Total combined Mineral Resource for Admiral Group deposits increased by 87 per cent (213,000 ounces) to 459,000 ounces; and

Orient Well Group Deposits:

Total combined Mineral Resource for Orient Well Group deposits increased by 305 per cent (186,000 ounces) to 247,000 ounces.

“This is a result that confirms the scale and quality of the Ulysses project, reflecting the outcomes of the highly-successful drilling programs completed over the expanded project area over the past six months,” Genesis Minerals managing director Michael Fowler said in the company’s ASX announcement.

“It’s been a fantastic effort and I would like to thank and commend everyone involved on delivering this result.

“The updated Mineral Resource will now form the foundation of our ongoing Feasibility Study on a standalone gold project at Ulysses, which is on-track for delivery next Quarter and is expected to potentially comprise both an open pit and underground mining operation.

“We were very pleased to see a strong increase in the Measured and Indicated components of the Resource, which now total 984,000 ounces, providing a strong foundation from which to deliver our maiden Ore Reserve.

“This Resource will continue to be updated, with strong growth potential.

“Drilling is continuing and a further update is expected late this year.

“This puts Genesis firmly on track to become a substantial player in the mid-tier gold space, and we are looking forward to adding further significant value to the Ulysses project over the coming months and ultimately advancing it towards development and production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

 

 

 

Black Cat Syndicate Hits Big Gold at Fingals Fortune and gets Myhree Go-Ahead

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) continued its golden run with the announcement of recent activity at the company’s Kal East gold project in Western Australia.

Part A of the announcement was results of recent RC drilling undertaken at the Fingals Fortune deposit within the project.

Black Cat has drilled 96 infill RC holes at Fingals Fortune to date in 2021, designed to upgrade the Resource in areas of lower drill density.

Results from the first 60 holes encountered multiple high-grade zones within the Resource and at depth. The deposit remains open in all directions.

Results include:

21FIRC041
4 metres at 34.05 grams per tonne gold from 122m. The hole ended in mineralisation and is to be extended as a priority;

21FIRC048
12m at 2.99g/t gold from 61m; and

21FIRC071
3m at 8.7g/t gold from 106m.

Black Cat has interpreted the results to show strong potential for underground mining following a two-stage open pit and will be incorporated into a Resource upgrade to be released in April 2021.

Black Cat’s drilling program is progressing with approximately 62,000m drilled since July 2020.

Further to the Fingals Fortune drilling, an RC rig recently completed an exploration and extension program at the Majestic Mining Centre and is now targeting a line of historical shafts that extend for around 750m to the south of Fingals Fortune.

Black Cat also received full approval from the Department of Mines, Industry Regulation and Safety in respect of the initial planned open pits at Kal East, being Myhree Stages 1 and 2.

No further approvals are required to commence mining this deposit.

“Fingals Fortune has the potential to be a significant two stage open pit with satellite pits at Fingals East and underground mining at depth,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Additional drilling targeting high-grade extensions will be ongoing in order to grow Resources and to further increase potential mine life.

“With the recent acquisition of grinding mills and good progress in sourcing other key components of a processing facility, we are well placed to transform into a near-term producer.

“This has been reinforced by approval of the planned Myhree open pit.

“Ongoing drilling will focus on Resource and mine life extensions.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au