Northern Minerals Samples Encouraging Copper Results at John Galt

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.

Northen Minerals completed the rock chip sampling program at John Galt in October last year.

Although the project already contains a heavy rare earth prospect, Northenrn Minerals focused this program on an area to the south of the Heavy Rare Earth Prospect on previously identified copper occurrences.

Of 24 samples collected and analysed, 12 returned assays of greater than one per cent copper with the higher-grade copper samples mostly occurring in a cluster over 500m of strike length.

Northern Minerals acknowledged its primary focus on rare earth elements, indicating the discovery of copper mineralisation provides potential for commodity diversification, particularly for a company focussed on electric vehicles and sustainable power generation.

The company plans to undertake further geological mapping, a follow up soil sampling program and a ground geophysics program, following the end of the wet season.

Based on these results, a drilling program may be considered for the June quarter.

“These copper results were an unexpected bonus for our exploration program at John Galt,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.

“While we are at our core a rare earth focused company, we will always look at ways to add value for our shareholders.

“As with rare earths, copper is an important element in the electric vehicle revolution given its widespread use in these vehicles.

“It is early days with respect to these copper results, however we are extremely encouraged by the widespread and high-grade nature of the results received.

“With the performance of Browns Range improving every day and nearing nameplate capacity, we are confident of a good year ahead.”

 

Email: info@northernminerals.com.au

Web: www.northernminerals.com.au

 

Musgrave Minerals Continues to Line Up Gold Hits at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals encountered the latest hits at the Lena deposit and from individual one metre resamples from drilling at Break of Day and Mainland.

Results from the RC drilling at Lena have continued to define the high-grade gold shoots, including:

19MORC039
5 metres at 12.1 grams per tonne gold from 82m, including 2m at 28.3g/t gold from 82m, within a broader interval of 46m at 1.5g/t gold from 82m to EOH;

19MORC041
9m at 6.4g/t gold from 116m down hole, including 2m at 22.3g/t gold from 121m; and

19MORC042
3m at 5.4g/t gold from 113m down hole.

The Lena mineralisation remains open down plunge with a resource update scheduled for Q1, 2020.

The one-metre resampling returned:

Mainland-Consols

19MORC018
3m at 38.2g/t gold from 113m down hole, including, 1m at 102.5g/t gold from 114m.

Break of Day

19MORC031
3m at 7.2g/t gold from 128m down hole.

“These are further strong results at Lena, Break of Day and Mainland and continue to highlight the resource growth potential of all three prospects,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“With drilling already commenced for the 2020 year we are looking forward to more exciting results as the programs progress.

“The strong results from drilling at Lena to date confirm the geological interpretation which is showing good continuity of the high-grade shoots at depth and will further enhance the resource update expected later in Q1 2020.”

Lena, Break of Day and Mainland are not part of the Evolution Joint Venture.

Diamond drilling on the Evolution JV at Lake Austin North is progressing, having recommenced following the Christmas break and will continue through to late January.

Assay results are expected in March 2020.

On the broader JV area over Lake Austin at Cue, Evolution and Musgrave are planning a large aircore drilling program to further define gold targets for basement drill testing.

This drilling is scheduled to commence in early February 2020.

Follow-up drilling of a possible ‘link-lode’ at Break of Day is scheduled to commence in late January 2020 and if successful, will enable a possible resource update in Q2 2020.

Further follow-up RC drilling at Mainland on the Consols target is scheduled to commence in February 2020.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Galan Lithium Confirms Pata Pila Lithium Grades

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announce further lithium assay results from recent sampling performed at the Pata Pila tenement within the company’s Hombre Muerto lithium brine project in Argentina.

Galan Lithium described the results a “outstanding” and indicated they would assist in the continued estimation of lithium brine resources at the Western Basin of the Hombre Muerto salar.

The Pata Pila license covers large alluvial fan areas covering part of the western margin of the Hombre Muerto salar.

Galan said the results had confirmed intercepts encountered by previous drilling of high-grade/low-impurity lithium bearing brines from the Western Tenement project areas.

The company carried out an airlift test of 72 hours retrieving brine from between the intervals of 40 metres to 718.5m, explain that this provides an average grade for the drill hole, which is host to three main lithological units (sands, conglomerates and porous halites) that are the brine bearing aquifers that are estimated to combine to a total of between 350 to 400m in width.

The 72 hour air lift test sample returned 946 milligrams per litre lithium (mg/l Li) over a 670 metre-plus interval confirming exceptional grade average for drillhole PP-01-19 at Pata Pila.

The company said its next phase of test work will be to more accurately determine the flow rates from the aquifers.

“We are delighted with these results,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Galan continues to show that its Hombre Muerto projects have potentially the right recipe for a commercial scale project, as well as being one of the highest-grade lithium brine projects in the world.

“Furthermore, we are encouraged by the confirmation of Pata Pila’s high-grade and low impurities and the effect on a large section of high-grade brines, which could add significant inventory to the previously reported Candela’s resource of 685,000 tonnes of LCE”.

 

Web: www.galanlithium.com.au

 

Azure Minerals Restarts Drilling at Alacrán

THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) has recommenced Reverse Circulation (RC) drilling on the Loma Bonita deposit at the company’s 100 per cent-owned Alacrán project in Mexico.

Azure Minerals said the drilling had started up again following the scheduled Christmas-New Year break, which before taking the company had completed two holes.

The Loma Bonita deposit currently extends over 600 metres north-south and up to 200 metres east-west.

Mineralisation starts at surface and in places the true width/thickness of the mineralised zone exceeds 100m.

Drilling to expand gold and silver resources is underway, with early drilling located to the east of holes MDPC-096 and MDPC-131, which returned strong mineralised intersections of:

MDPC-131
47.2 metres at 2.79 grams per tonne gold and 33g/t silver;

MDPC-096
67.1m at 1.56g/t gold and 21g/t silver.

Before the break, Azure had reported encouraging surface sampling results from a strongly gold-mineralised breccia located in a road cutting approximately 400m southeast of the Loma Bonita resource boundary.

“Channel sampling of the exposed mineralised zone returned 35.5 metres grading 3.6 grams pert onne gold,” Azure Minerals said in its ASX announcement.

“This zone will be drill-tested in the current program.”

The company indicated it was now planning drilling to test the Cerro San Simon prospect where previous drilling returned several wide intersections of low to moderate grade gold mineralisation, including:

MDPD-025
29.6m at 0.56g/t gold and 27g/t silver;

MDPD-035
12.6m at 0.37g/t gold and 8g/t silver; and

ALA-17-004
63m at 0.47g/t gold and 27g/t silver.

 

Web: www.azureminerals.com.au

 

Auroch Minerals Kicks Off 2020 Exploration Program

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced its 2020 exploration program at the company’s Saints nickel project near Kalgoorlie in Western Australia.

Auroch Minerals has completed DHEM modelling for 11 diamond drill-holes it conducted at Saints in 2019, from which it has modelled strong to very strong conductive plates for the majority of the drill-holes.

Several of these strong off-hole DHEM conductors have not been tested by any drilling and are set to become drill targets for the next phase of diamond drilling, planned to commence later this quarter.

The company has received further assay results for drill-holes SNDD007 and SNDD008, which were drilled to test possible extensions to the south of the known mineralisation at Saint Andrews and the Western Contact.

SNDD007 returned encouraging results of:

6.87 metres at 0.77 per cent nickel and 0.02 per cent copper from 145m down-hole, including 1.87m at 1.47 per cent nickel and 0.03 per cent copper.

Assays are pending for the remaining three drill-holes SNDD009 to SNDD011.

“We are extremely pleased with the results from our maiden drilling programme at the Saints nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks.

“We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resources at Saint Andrews, Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.

“The results from SNDD007 have added further to the strike, and opened up the potential of further nickel sulphide mineralisation to the south of the existing resources.

“Furthermore, the DHEM surveys from our initial drilling program have provided us with several strong conductor plates that require follow-up drill-testing.

“We are currently modelling all of the new geological information provided by the drilling, in order to plan a major diamond drilling campaign that will aim to target the main ‘feeder channel’ nickel sulphide mineralisation.

“We are assaying the entire drill-holes for multi-element data to use to vector in on the possible channel position.

“We also plan to initiate an air-core drilling programme, necessary to increase confidence in the geology and stratigraphy at Saints, which again is extremely important for targeting possible massive nickel sulphide channel mineralisation.

“We have been granted the work permit for the air-core program and will commence shortly.

“We will continue to update our geological model as new data is received, which along with the DHEM models and other geophysical data, will provide the basis for a major diamond drilling program to commence later this quarter, aimed at materially increase the existing nickel sulphide resource estimate at Saints.”

In addition to the planned drilling program at Saints, Auroch indicated it has plans to initiate a drilling program this quarter at the company’s Leinster nickel project to test the Valdez target, a large EM anomaly coincident with nickeliferous ultramafics along strike from the Waterloo nickel deposit.

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com

 

Mincor Resources Hits New High-Grade Nickel Sulphide Intercept at Cassini

THE DRILL SERGEANT: Mincor Resources (ASX: MCR) announced the latest result from ongoing diamond drilling at the company’s Cassini nickel sulphide deposit at Kambalda.

Mincor Resources reported the drilling returned another exceptional high-grade nickel intercept of:

MDD339
17.6 metres at 5 per cent nickel, including 13m at 6.1 per cent nickel.

The company explained it has interpreted the intersection to be within the CS4 channel and was encountered 115m down-plunge from the last reported CS4 intersection.

The intersect represents the first result from a discrete program the company has underway that is aimed at demonstrating the continuity of nickel sulphide mineralisation at Cassini.

Of note is that the intersection is down-plunge of the boundary of the reported Mineral Resource of 1.254 million tonnes at 4 per cent nickel for 50,400 nickel tonnes.

“What a great way to start the New Year with significant new drilling success at Cassini,” Mincor Resources managing director David Southam said in the company’s announcement to the Australian Securities Exchange.

“The CS4 surface has recently taken somewhat of a back-seat from the remarkable success we achieved with our drilling program in the December 2019 quarter surrounding the CS5 surface intersections.

“Today’s result shows that the CS4 surface could also extend significantly, with this intersection being 115 metres down-plunge from the last reported intersection.

“It is also our second highest value hole per metre (measured as intercept width multiplied by nickel grade) at Cassini.

“We have committed part of the proceeds from our recent $35 million capital raising to continue to invest in resource extension, resource development and exploration while we complete the Definitive Feasibility Study for our integrated Nickel Restart Strategy.

“The outstanding new drilling results reported today represent a clear vindication of this approach, demonstrating that our extensional drilling strategy at Cassini has the potential to deliver substantial success beyond our existing Mineral Resource which, at just over 50,000 high-grade nickel tonnes, is already one of the most significant new nickel sulphide discoveries in the Kambalda district in recent decades.

“The next sequence of step-out holes will be targeted in the CS5 and CS2 channels of Cassini through January and into early February 2020 while we finalise our nickel restart studies.”

 

Email: mincor@mincor.com.au

Web: www.mincor.com.au

 

Red 5 to Conduct Resource Drilling at Darlot Gold Mine

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) is soon to commence a new program of exploration and resource drilling to test a series of priority gold targets located within an economic trucking radius of the company’s Darlot gold mine in Western Australia.

Red 5 indicated the program will test gold targets located at the Cables and Mission and Great Western gold deposits which are both subject to recent Option Agreements, as well as the Taranaki Trend, the Ockerburry Project and the Darlot Project tenements.

“The new regional surface drilling program at Darlot is an important addition to our already expanded drilling program for FY2020 – which includes a previously announced budget of 120,000 metres of planned drilling across the King of the Hills and Darlot assets,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The addition of over 11,000 metres of surface exploration and resource drilling reinforces our commitment to delivering growth through exploration.

“Following the recent Option Agreements for two ‘bolt-on’ resources at Great Western and Cables and Mission as part of the Darlot Mining Hub Strategy, we now have an expanded pipeline of exciting targets to test within an economic trucking radius of the Darlot Mill.

“These programs have the potential to quickly grow our resource base, make new discoveries and provide us with further targets for future follow-up.

“This multi-pronged strategy is consistent with our objective to meaningfully increase the mine life of the Darlot Operation – as part of our overall target of having two long-life, high-quality gold production centres operating in parallel as the cornerstone assets of a multi-asset, mid-tier gold producer.”

 

Email: info@red5limited.com

Web: www.red5limited.com

 

Corazon Mining Intersects Strong Nickel-Copper Sulphide Mineralisation at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) received preliminary results from the first three holes completed in the current phase of drilling at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide Mining Centre in Canada.

Corazon Mining said the preliminary results were highly positive with all three holes intersecting strong sulphide mineralisation, including a broad zone of more than 35 metres of strong sulphide mineralisation (between 7 metres to 42 metres downhole) in hole 7.

The three completed holes (holes 5, 6, 7) have been drilled for a total of approximately 356 metres, targeting areas around the A Orebody that had previously been covered by infrastructure from the A-Shaft and processing plant area within the historical Lynn Lake Mining Centre.

Corazon’s current phase of drilling is focused on the Lynn Lake Mining Centre, where the primary targets are near-surface mineralisation on-strike from historical mines and existing resource areas, with the aim of further expanding the project’s already large resource base.

Approximately 1,200 metres of diamond core drilling are planned for the current program, which is expected to be completed in the current month.

Hole #5 intersected at least five metres of good sulphide mineralisation, before being terminated early due to intersecting what is interpreted to be the backfilled crown pillar stope.

Hole #6 intersected multiple narrow zones of mineralisation, consistent with mineralisation marginal to the Lynn Lake deposits.

Hole #7 intersected a broad zone of plus 35 metres of strong sulphide mineralisation between 7 metres to 42 metres downhole.

“Corazon’s recent mining studies at Lynn Lake have predominantly centred on nickel deposits at depths of more than 400 metres below surface,” Corazon Mining said in its ASX announcement.

“This work has highlighted the potential to define additional resources closer to surface adjacent to Lynn Lake’s historically mined areas.

“These areas are the initial focus for the current drilling program.”

In addition to testing the historical mining areas, Corazon has also defined several new high-potential areas geophysically analogous to the Lynn Lake sulphide deposits within the Lynn Lake Mining Centre, which the company considers to represent further resource upside potential.

 

Email: info@corazon.com.au

Web: www.corazon.com.au

 

Gateway Mining Hits Strong Zones of Shallow Oxide Gold at Achilles Prospect

THE DRILL SERGEANT: Gateway Mining (ASX: GML) claimed to have defined a sieable zone of shallow oxide gold mineralisation over a strike length of at least 400 metres at the Achilles prospect, part of the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Gateway Mining made the claim on the back of Reverse Circulation (RC) drilling results from the Achilles prospect, which it said had marked a strong start to its recently completed 11,000m RC drilling program.

Results include:

GRC446
21 metres at 2.1 grams per tonne gold from 32m, including 7m at 5.2g/t gold;

GRC447
13m at 3.4g/t gold from 5m, including 3m at 12.5g/t gold;

GRC430
11m at 3g/t gold from 32m;

GRC432
7m at 2.2g/t gold from 60m;

GRC435
6m at 3.8g/t gold from 17m;

GRC437
10m at 3.8g/t gold from 31m;

GRC443
6m at 2.1g/t gold from 22m; and

GRC426
19m at 1.3g/t gold from 29m.

The company said a substantial number of assay results remain outstanding from the program, and are expected to be progressively received and reported over the coming weeks.

“This program of RC drilling is a great starting point for our evaluation of the Achilles prospect,” Gateway Mining managing director Peter Langworthy said in the company’s announcement to the Australian Securities Exchange.

“We have already defined a significant zone of near-surface mineralisation over a strike length of at least 400 metres, including a large component of oxide and transitional mineralisation, and we have significantly improved our understanding of the key controls on the mineralisation which can be applied in a wider context.

“Ultimately though we see the Achilles area as part of a major gold system that requires ongoing systematic programs of exploration.

“Our growing understanding of the controls on the gold mineralisation, combined with the quality of our datasets we now have available to us, means that we are now moving a lot closer towards unlocking the broader potential of this hugely prospective but remarkably under-explored project.

“All of the evidence we are accumulating is pointing towards the potential for a very large gold system on these tenements, and we feel that we are now getting a lot closer to pin-pointing its overall dimensions and identifying the areas of significant economic interest.”

 

Web: www.gatewaymining.com.au

 

Barra Resources Enhances Burbanks Mining Opportunity

THE DRILL SERGEANT: Barra Resources (ASX: BAR) recently completed the latest phase of a Reverse Circulation (RC) drilling program at the company’s Burbanks project, south of Coolgardie in Western Australia.

Barra Resources conducted the recent 24 RC drill hole program at Main Lode to follow up drilling completed in 2017 and 2018 and an inaugural Mineral Resource Estimate for Main Lode of 29,900 ounces at 2.59 grams per tonne gold.

The company explained the program had two main objectives: Firstly, to extend the existing Mineral Resource between the historic Main Lode and Birthday Gift gold mines from its current depth of 100 metres below surface to 200m below surface; and

Secondly, to extend the strike of the Main Lode system by targeting the gap between Main Lode and the Burbanks North deposit and, if successful and continuity can be demonstrated, a continuous 3.5 kilometres of mineralised strike length along the Burbanks Shear Zone.

Best results included:

BBRC299
3m at 24.69 grams per tonne gold from 167m down-hole;

BBRC303
8m at 4.1g/t gold from 159m down-hole;

BBRC300
2m at 16.3g/t gold from 173m down-hole;

BBRC292
3m at 5.38g/t gold from 185m down-hole; and

BBRC294
4m at 2.58g/t gold from 168m down-hole.

“The proximity of these high-grade results to mineralisation identified for mining in our recent scoping study raises their significance and enhances the mining opportunity available at Burbanks,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“The additional discovery of a new mineralised position below a hitherto unrecognised fault, represents a new exploration focus and obvious drill target going forward.”

 

Email: info@barraresources.com.au

Web: www.barraresources.com.au