Symbol Mining Defines High-Priority Drill Targets

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THE DRILL SERGEANT: Symbol Mining (ASX: SL1) has kicked off an Induced Polarisation or IP ground geophysical survey around the company’s Macy zinc-lead mine in Nigeria.

Symbol Mining said it had been encouraged by the initial results it has received from six lines of Gradient Array IP on east-west grid lines spaced 50-metrs apart situated immediately north of the Macy Pit.

The company said tis had shown a strongly chargeable and coincident resistive unit, that is thought to be a response to sphalerite mineralisation, that can be traced on all lines over the 250m strike length.

Pole-Dipole surveying conducted on three lines in the same area shows a very distinctive chargeable stratigraphic unit(s) below the Macy Pit.

This chargeable unit or units is likely to contain disseminated sulphides and work is on-going to model the properties ahead of drilling.

Symbol Mining claimed the respective sections of resistivity show a resistive unit (possibly a quartzite unit) dipping to the west and is stratigraphically intact, sitting largely above the chargeable unit.

The company pointed out, however, the chargeable unit appears to be discordant in several zones on the section, raising the possibility that faulting is responsible for local enhancements of chargeability within these rocks.

“IP geophysics is commonly being used across the base metals sector to directly target sphalerite mineralisation, and we are extremely encouraged to see high/quality targets appearing very early in the program in and around the Macy Mine,” Symbol Mining CEO Tim Wither said in the company’s announcement to the Australian Securities Exchange.

“We are aware that the majority of the historic drilling at Macy was focussed on developing a JORC/compliant resource, but little attention has been paid to the surrounding exploration potential of the Benue Trough.

“The initial results from the IP survey are really encouraging and we will be developing a drill program in the near future to test the 250-metre strike length north of the Macy Pit and the unusual chargeable unit that has been observed below the pit area that we were previously unaware of.

The Macy Pit is 250m in strike length and Symbol indicated it has follow-up drilling planned over 250m strike on the northern pit extension to test whether the geophysical anomaly is indeed sphalerite mineralisation as thought and if so, to determine whether the grades and widths of mineralisation can support a cut-back of the pit.

 

Email: info@symbolmining.com.au

Website: www.symbolmining.com.au

 

Riversgold Upgrades Farr-Jones Gold Potential

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THE DRILL SERGEANT: Riversgold (ASX: RGL) received new high-grade gold results from recent drilling at the company’s 80 per cent-owned Farr-Jones gold prospect in the Eastern Goldfields of Western Australia.

Resampling of one metre samples from the company’s most recent aircore program and analysis by fire assay returned results of up to 1m at 6.72 grams per tonne gold.

Further results included the upgrading of aircore intersections at the Farr-Jones and Eales prospects of:

FJAC0002 (Farr-Jones)
4 metres at 0.73g/t gold from 49m, including 1m at 1.49g/t gold;
2m at 1.42g/t gold from 58m, including 1m at 2.15g/t gold.

FJAC0007 (North Farr-Jones)
1m at 1.76g/t gold from 45m;
6m at 2.03g/t gold from 85m, including 1m at 6.72g/t gold and 1m at 2.8g/t gold.

FJAC0012 (Eales)
3m at 1.92g/t gold from 56m, including 1m at 3.04g/t gold.

FJAC0015 (Eales)
4m at 1.11g/t gold from 39m, including 1m at 3.02g/t gold.

The company indicated it was awaiting re-analysis of samples from the Little prospect.

“The new assays indicate the potential for the FarrJones project to host economic grades of gold mineralisation over at least the 1.5-kilometre strike length between the Farr-Jones and Eales prospects,” Riversgold managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“So far, we have defined high-grade primary gold mineralisation at Farr-Jones and North Farr-Jones, including a fantastic intersection of 3m at 17.8g/t gold in the first hole we drilled at Farr-Jones.

“Last December, we tested a number of newly defined soil anomalies with aircore drilling for the first time and now have drill intersections greater than 3g/t gold in two aircore holes 200 metres apart at Eales as well as anomalous supergene gold mineralisation in several other holes.

“The Farr-Jones project, along with additional targets at Cutler and Ella, is shaping up as a potential new gold camp with the opportunity to define numerous gold occurrences adjacent to the Randall Fault.”

Riversgold is planning follow-up drilling at both the Farr-Jones and Cutler prospects, where a high-grade drill intersection of 1m at 62.9g/t gold at the northern end of the Cutler prospect has not yet been followed up.

 

Email: info@riversgold.com.au

Website: www.riversgold.com.au

 

Venture Minerals Intersects Further Massive Sulphides at Thor

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) conducted drilling at the company’s Thor prospect in Western Australia, intersecting further massive sulphides with copper and zinc mineralisation.

Venture Minerals said results from its last two drill holes suggest that drilling is vectoring in towards higher grade zones within the Thor Volcanogenic Massive Sulphide (VMS) sequence.

The company explained that, to date, the Thor project has seen only two single drill holes targeting two of thirteen priority VMS drill targets it has delineated around the initial discovery area.

Further drilling will go towards unlocking, what Venture believes to be, the potential of Thor’s 20-kilometre VMS target zone.

In this second drill campaign at Thor, Venture’s second drill hole (TOR05) intersected massive sulphide zones of up to 2.4 metres (271.45m to 273.85m) and returned assays of up to 0.8 per cent zinc and 0.5 per cent copper and highly anomalous cobalt of up to 435ppm.

Venture has interpreted the results to have confirmed the VMS style of the mineralisation.

“The company is encouraged by these latest results at Thor and is looking forward to unlocking the potential of the VMS project to deliver high-grade mineralisation in the near future,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

Venture claims Thor has the same EM and geochemical signature as Teck’s adjacent VMS Kingsley discovery, which is one of several VMS occurrences in the Archean Yilgarn Craton of Western Australia with the Golden Grove Camp (Mine), 370kms NNE of Perth, being the prime example with over nine VMS deposits spread over 13kms of strike.

At the end of 2002, Golden Grove had an endowment (resources and production) of 40.2 million tonnes at 1.8 per cent copper, 0.9 per cent lead, 7.6 per cent zinc, 103 grams per tonne silver and 0.8g/t gold.

In February 2017, EMR Capital purchased Golden Grove for US$210 million and states that after 27 years of production there is still over 10 years of mine life for the 1.3 million tonnes per annum operation.

 

Email: info@ventureminerals.com.au

Website: www.ventureminerals.com.au

 

Galan Lithium Encounters Further Lithium Brines

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced further news from the maiden drillhole (C-01-19) underway at the company’s Candelas lithium brine project, located immediately to the southeast of the Hombre Muerto salar in Argentina.

The hole has now reached a depth of 401 metres, hitting an intercept of brine from depths of approximately 235 metres to the end of the hole within coarse clastic sediments to 311 metres and then fractured basement lithologies to 401 metres.

“These initial results are exceptional, confirming the presence of high-grade lithium bearing brines within a geological setting unique to the Hombre Muerto salar,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“We have encountered exceptionally good grades with low impurities which are comparable to the rest of Hombre Muerto Basin where Livent, POSCO and Galaxy have their operations.

“We believe we have a potential world class lithium project on our hands which we are keen to further demonstrate in our ongoing drilling.”

 

Website: www.galanlithium.com.au

 

Blackham Resources Extends Golden Age Pit and Underground

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has completed drilling at the high‐grade free milling Golden Age North (GAN) orebody, closely located to the company’s 1.8 million tonnes per annum Wiluna gold plant in Western Australia.

Blackham Resources completed the drilling below existing underground workings, which has led to an extension of the Golden Age Underground mine life.

Underground development is scheduled to access the mineralisation in Golden Age Lower (GA Lower) which will provide additional high-grade ore for the mill over at least the next six months.

Blackham said the latest results enable the GAN pit to be extended southward and deepened to connect with the Golden Age Pit – extending the GAN pit mine life, thereby providing increased high‐grade mill feed in coming months.

“Blackham has been actively extending Golden Age, its highest‐grade orebody, over the last two years and has successfully maintained a rolling mine life of at least six months,” Blackham Resources executive chairman Milan Jerkovic said in the company’s announcement to the Australian Securities Exchange.

“Mining is now due to start in the Golden Age Lower area and extensions to the Golden Age North open pit have already been identified.

“Further, outstanding near surface results support the potential for new areas of underground mining immediately below the existing Golden Age open pits.

“Further drilling and evaluation is expected to support the early expansion of the underground development to provide additional high‐grade ore feed to the Wiluna gold plant.”

 

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au

 

Nusantara Resources Commences Near Mine Exploration Drilling

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THE DRILL SERGEANT: Nusantara Resources (ASX: NUS) started drilling at the Puncak Selatan near-mine prospect at the company’s 100 per cent-owned Awak Mas gold project, located in South Sulawesi, Indonesia.

Nusantara Resources’ recent field exploration has focussed on numerous near-mine prospects within a two-kilometre radius of the planned processing plant with the aim of enhancing and extending the proposed eleven-year mining operation.

To date, the company has completed over 1,500 metres of near-mine trenching yielding encouraging results.

Recent trenching results at the Puncak Selatan prospect have included:

PS11
5 metres at 2.32 grams per tonne gold, 5m at 2.8g/t gold, 2m at 2.13g/t gold;

PS12
2m at 1.28g/t gold, 2m at 3g/t gold, 1m at 2.46g/t gold;

PS19
35m at 1.2g/t gold, including 7m at 2.5g/t gold, 3m at 2g/t gold and 1m at 4.7g/t gold; and

PS21
12m at 1.7g/t gold, including 8m at 2.3g/t gold.

The drilling program will test the possibility that the Awak Mas eastern mineralisation (Lengket domain) could extend up-dip as the Puncak Selatan prospect surface expression and provide information to assist in confirming the geological model in the near-mine area.

An initial six-hole drill program at the Puncak Selatan prospect has commenced.

“The commencement of near mine exploration is the first step in identifying additional resources that have the potential to be processed at the proposed processing plant and add further value to the long life, low cost Awak Mas gold project,” Nusantara Resources managing director and CEO Mike Spreadborough said in the company’s announcement to the Australian Securities Exchange.

“The identification of significant mineralisation at the Puncak Selatan prospect and the near-mine area potential to extend the Awak Mas open pit, has made this a high priority drill target.

“Our work continues to define the geological setting of the Contract of Work area and together with a planned geophysics program will increase the possibility of further discoveries that will enhance the project.”

 

Email: info@nusantararesources.com

Website: www.nusantararesources.com

 

Red 5 to Commence KOTH Drill Program

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THE DRILL SERGEANT: Red 5 Limited (ASX: RED) is preparing exploration drilling to test five high-priority regional gold targets at the company’s King of the Hills (KOTH) project in Western Australia.

Red 5 identified and ranked the five target areas using high-quality datasets comprising historical drilling by previous owners, updated geological and structural interpretations, surface geochemistry and regional aeromagnetics.

The drilling program is designed to assess the potential for both high-grade gold mineralisation as well as mineralisation to support the potential for a bulk mining operation at KOTH.

Red 5 has recently announced an initial bulk mining Mineral Resource at KOTH comprising 28.7 million tonnes grading 2 grams per tonne gold for an estimated 1.88 million ounces of contained gold.

Red 5 indicated the regional drilling program will be conducted in parallel with an underground drill program underway at KOTH aimed at extend and in-filling the current 1.88 million ounce bulk mining Mineral Resource area, with results from both sets of drilling programs to feed into the bulk mining Strategic Review.

“We are very excited about the significant untapped exploration potential at KOTH over and above the exciting new bulk mining opportunity which we are currently pursuing,” Red 5 managing director Mark Williams said in the company’s announcement to the Australian Securities Exchange.

“The broader tenement package is very under-explored, and we believe that the outstanding suite of targets we have defined have potential to develop and grow the current Resource base.

“All of the proposed drill targets have already been defined by the presence of shallow, oxide gold mineralisation, each of which are open along strike and remain completely untested down-dip into fresh rock.

“We believe that the geological setting of each target demonstrates characteristics analogous to KOTH- and Gwalia-style gold mineralisation and present significant discovery opportunities.

“This major new regional exploration program constitutes a third significant branch of exploration activity within the KOTH project over the next few months, alongside continuing assay results from the ongoing 30,000 metre underground diamond drill program and the program of assaying previously un-assayed historical drill core.”

 

Email: info@red5limited.com

Website: www.red5limited.com

 

Encounter Resources Drilling at Nazare Gold Project

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced aircore drilling to test a geochemical anomaly at the company’s Nazare gold project in the Laverton Tectonic Zone in Western Australia, approximately, 150 kilometres east-north-east of Kalgoorlie.

The Laverton Tectonic Zone is one of Australia’s most productive and prospective gold regions that hosts major gold mines at Laverton, Granny Smith, Wallaby and Sunrise Dam.

Encounter Resources has focused its targeting and project generation activities on extensions of this corridor under shallow cover.

Encounter initially acquired a 98 square kilometre Exploration Licence E28/2709 at Nazare targeting the intersection of an interpreted structure extending south-east from the Apollo Consolidated (ASX: AOP) Bombora gold discovery within the interpreted southern extension of the well-mineralised Laverton Tectonic Zone.

The company chose Nazare for an initial trial of an innovative new CSIRO-developed geochemical sampling technique, UltraFine+, a potential breakthrough geochemical sampling technique in areas of thin cover.

The application of Ultrafine+ at Nazare defined a high-quality gold anomaly in an area where traditional geochemistry was ineffective.

This coherent gold anomaly is coincident with major structural intersection at Nazare.

“This initial aircore program at Nazare is the first application of the new CSIRO Ultrafine+ geochemical sampling technique,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“It has generated a high-quality, coherent gold anomaly in an area where traditional geochemistry was ineffective.

“If this potential breakthrough geochemical technique is successful at Nazare, it would have very significant regional implications.

“Accordingly, Encounter has secured approximately 1,000 square kilometres of tenure in the area and Ultrafine+ will be applied regionally if our current aircore drilling successfully intersects sub surface gold mineralisation.”

Encounter is now reviewing this additional ground for additional structural targets where the UltraFine+ technique can be deployed.

An initial 20-hole aircore drill test of the geochemical anomaly generated at Nazare has commenced and assay results are likely to be available in late March 2019.

 

Email: contact@enrl.com.au

Website: www.enrl.com.au

 

Carawine Resources Spots Six New Paterson Province Targets

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has generated six new prospects at the company’s Paterson project, located in the Paterson Province of Western Australia.

The Paterson region is host to the Telfer gold-copper and Nifty copper mines and has recently seen a marked increase in exploration activity; notably the widely reported Winu discovery by Rio Tinto Exploration, and the Havieron discovery by AIM-listed Greatland Gold.

Carawine Resources identified the six priority target areas across the Red Dog and Baton projects from a combination of historic drill and geological data, re-processing of airborne magnetic and electromagnetic (EM) geophysical data.

The company said each prospect contains elements common to major deposits and recent discoveries in the Paterson region, including host rock, magnetic anomalies, EM conductive anomalies, intrusion-related (skarn-style) mineralisation and alteration.

At the Baton project two prospects, Javelin and Wheeler have been identified, described by Carawine as discrete bullseye magnetic anomalies (analogous to Havieron and Winu discoveries) hosted by the Broadhurst and Isdell Formations.

A further four targets at the Red Dog project include the Earl prospect – a discrete magnetic and EM anomaly on the edge of a large interpreted felsic intrusion; the Leatherneck prospect – an alteration zone within the Broadhurst Formation (host to the Nifty copper deposit), with associated anomalous zinc (to 2,380ppm) and copper (to 375ppm) in limited drilling; the Bravo prospect – a discrete EM anomaly within interpreted altered and faulted Nifty host rocks; and the Duke prospect – a discrete bullseye magnetic anomaly and coincident gravity anomaly, magnetite-bearing calc-silicate skarn, around a quartz monzonite intrusive.

Carawine indicated it has planning underway to advance these prospects to drill-ready status, while target generation work is continuing for its other Paterson tenements.

“It is exciting to see several high priority targets generated by historic exploration data and from the incorporation of new geophysical data,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities exchange.

“At Red Dog in particular, we now have access to geophysical datasets which have only recently become available.

“This combined with our knowledge of mineralisation styles and settings in the region has allowed us to identify what we consider are six highly prospective new targets in one of the most sought-after exploration regions in Australia.

“Our focus will now shift to planning the next stage of exploration on these tenements, including on-ground work commencing during Q2 2019.”

 

Email: info@carawine.com.au

Website: www.carawine.com.au

 

Black Cat Syndicate Released Maiden Bulong Resource

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released a maiden JORC Code 2012-compliant Mineral Resource Estimate at the Bulong gold project in Western Australia.

Black Cat Syndicate boasted it had delivered the 1.4 million tonnes at 2.5 grams per tonne gold for 109,000 ounces of contained gold Resource just 10 months since it commenced drilling in March last year.

The Resources are located over 2.4 kilometres on the project’s Myhree–Boundary, Trump and Queen Margaret corridors, which have a combined mineralised length of 17kms.

The company outlined this represents only 14 per cent of the interpreted extent of the three corridors which remain, in its opinion, underexplored.

Black Cat has rapidly progressed Myhree from a new discovery to a high-grade Resource of 486,000 tonnes at 3.2 grams per tonne gold for 50,000 ounces in just seven months.

“We are pleased to report a maiden Resource at Bulong from only 10 months of activity,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“This time last year we had just completed our IPO, had one full time employee and had not started drilling.

“The maiden Resource has come about quickly and demonstrates what can be achieved when you have a great project in a great location.

“Importantly, the maiden Resource sits on only 14 per cent of the length of the three main corridors that remain open along strike and at depth.

“This is only the first step in the rediscovery of the Bulong goldfield as we continue to drill these highly prospective corridors.

“With the 2019 drilling campaign now in progress, we expect strong news flow to continue throughout 2019, including an upgrade of the Resource in the September 2019 quarter.”

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au