NTM Encouraged by Hub RC Drilling

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THE DRILL SERGEANT: NTM Gold (ASX: NTM) released the first reverse circulation (RC) drill results from the Hub prospect at the company’s Redcliffe gold project located near Leonora, Western Australia.

NTM Gold explained the drilling targeted the discovery traverse to replicate initial shallow results from a previously announced aircore program in order to test mineralisation at depth and along the interpreted strike.

Five-metre RC composite samples were returned, which the company said had confirmed the aircore results, as well as highlighting that the mineralisation continues at depth.

Better results included:

18RRC001
20 metres at 3.26 grams per tonne gold from 30m, including 10m at 4.88g/t gold from 40m;

18RRC002
5m at 2.16g/t gold from 155m;

18RRC003
30m at 2.28g/t gold from 155m, including 5m at 6.49g/t gold from 155m;

18RRC003
5m at 1.6g/t gold from 220m; and

18RRC003
5m at 3.2g/t gold from 255m.

NTM has interpreted the results it has received to date to show gold mineralisation appears to be steeply dipping and of similar orientation seen in its other Redcliffe deposits.

Mineralisation was intersected in all three holes in the main drill traverse (18RRC001 – 003) though continuity appears to be impacted by the presence of a mafic dyke.

“While we were unable to drill as many holes as we had planned, those that were completed highlighted the significant potential of the Hub prospect,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.

“The results confirmed that the mineralisation extends at depth, with good grades and widths encountered at over 250 metres downhole.

“More drilling is required to understand the strike and depth of the mineralisation, as well as the geometry and influence the mafic dyke may have on the mineralisation.

“We are due to recommence RC drilling at the Hub shortly, with drilling to then move to a number of other areas including Infinity, Nambi, Bindy, GTS and Redcliffe.

“NTM also plans to recommence aircore drilling later this quarter to delineate additional targets for RC drilling.”

Website: www.ntmgold.com.au

Musgrave Minerals Extends A-Zone Mineralisation

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further highly-encouraging assay results from diamond drilling undertaken at the A-Zone gold target at the Lake Austin North target.

Lake Austin North is located three kilometres north of the Break of Day gold deposit within the company’s Cue project in Western Australia’s Murchison district.

Recent diamond drilling has extended the basement gold mineralisation at A-Zone to more than 350 metres in strike where it remains open in all directions.

Drilling intersected:

18MODD009
137.2 metres at 0.6 grams per tonne gold from 97.8m down hole, including 20.2m at 2.3g/t gold from 194m;

18MODD011
239.4m at 0.4g/t gold from 71.6m down hole, including 43.2m at 1g/t gold from 115m; and

18MODD012
128.1m at 0.5g/t gold from 133.3m down hole, including 32m at 1.5g/t gold from 133.3m, including 9.7m at 3.1g/t gold from 133.3m.

Musgrave Minerals explained that drill hole 18MODD012 is now the most southerly basement hole to be drilled into A-Zone and the mineralisation remains open to the south and north.

The company has commenced a new diamond drilling program at A-Zone, from which it expects further assays in late February.

“Diamond drilling continues to extend the basement gold mineralisation at A-Zone with recent assays returning further thick intervals of mineralisation,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The system remains open in all directions with further drilling underway.

“Two drill rigs are currently operating and a third is expected to commence this week.

“Diamond drilling will continue to step-out and test the extents of the mineralisation along strike and down dip with the aim to outline the size and grade of this potentially large and exciting gold discovery.”

Website: www.musgraveminerals.com.au

Genesis Minerals Confirms Ulysses Satellite Discovery

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) announced an encounter with shallow oxide mineralisation at the Orient Well NW prospect, located east of the Ulysses Mineral Resource at the company’s 100 per cent-owned Ulysses gold project, 30 kilometres south of Leonora in Western Australia.

Genesis Minerals carried out follow-up drilling at Orient Well NW, claiming the result from which have confirmed a zone of shallow oxide gold mineralisation.

Assays returned:

18USRC302
20 metres at 9.1 grams per tonne gold from 50m;

18USRC264
28m at 0.69g/t gold from 62m, including 5m at 1.52g/t gold from 73m; and

18USRC265
8m at 1.8g/t gold from 108m.

Genesis Minerals said the results continue to demonstrate the potential to define Resources outside of the Ulysses deposit while highlighting the under-explored nature of the broader project.

Further extension drilling at Ulysses also produced encouraging results from wide-spaced, extensional RC drilling targeting strike extensions to the Ulysses Mineral Resource of 7.1 million tonnes at 3.3g/t gold for 760,400 ounces.

New extensional drilling results at Ulysses East, outside of the Resource, include:

18USRC293
10m at 3.05g/t gold from 102m; and

18USRC287
5m at 5.08g/t gold from 75m.

Genesis indicated its intentions to systematically test the potential high-grade gold shoot position the drilling has defined at Ulysses East.

Extensional drilling conducted immediately east of the Resource demonstrated mineralisation continues outside and to the east of the Resource with results including:

18USRC272
4m at 3.32g/t gold from 218m;

18USRC275
5m at 2.15g/t gold from 167m; and

18USRC282
4m at 2.44g/t gold from 150m.

“The outstanding results generated from shallow RC drilling at Orient Well NW show just how under-explored the broader Ulysses project is,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“We have now outlined a very prospective oxide zone which spans a strike length of at least 1.5 kilometres.

“Achieving intercepts such as 20 metres at 9 grams per tonne gold in a completely greenfields position is an outstanding result, and we are really looking forward to drilling out this satellite prospect to a Resource level during the first half of 2019.

“At the same time, we have now received the remaining results from extensional drilling completed at Ulysses last year following the updated 760,000-ounce Mineral Resource announcement.

“The assays have identified step-outs to the mineralisation at Ulysses East and confirmed the presence of a potential new high-grade shoot position which needs to be systematically drill tested at depth.

“Drilling will resume at Ulysses at the end of the month, initially with one rig focusing on extensions at Ulysses and drilling out Orient Well NW.

“We will progressively bring more rigs online as the results begin to flow.

“Our overall objective is to deliver another upgrade to the Ulysses Mineral Resource by the end of Q2 2019.”

Website: www.genesisminerals.com.au

Impact Minerals Confirms Further Commonwealth South Gold Mineralisation

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced high-grade assay results from the final two of eight diamond drill holes completed at the company’s 100 per cent-owned Commonwealth project, located north of Orange in New South Wales.

Impact Minerals said the latest results confirmed extensions to the mineralisation at the Commonwealth South prospect at the southern end of the Commonwealth deposit.

Assays from the two diamond drill holes at Commonwealth South confirmed extensions to near the surface resource both along trend and at depth:

Hole 086
8 metres at 5.1 grams per tonne gold, 20g/t silver, 1.3 per cent zinc and 0.5 per cent lead from 94 metres down hole, including 5m at 7.7g/t gold, 25g/t silver 2.1 per cent zinc and 0.7 per cent lead, which includes 0.5m at 34.3g/t gold, 40g/t silver, 5.8 per cent zinc and 2.3 per cent lead from 97.6 metres; and

Hole 087
6m at 1.5g/t gold, 22g/t silver, 0.7 per cent zinc and 0.2 per cent lead from 96.8 metres down hole, including 0.35m at 8.9g/t gold, 21g/t silver, 3.5 per cent zinc and 0.6 per cent lead.

Impact Minerals indicated a second lower zone of mineralisation was intersected from about 115 metres down hole with increasing gold grades at depth which is open.

Hole 087 in this zone returned 5m at 1.2g/t gold within a 12m thick zone of anomalous gold, silver, lead and zinc.

“The results have materially extended the down plunge extent of high-grade mineralisation at the southern end of the Commonwealth deposit, beyond the extent of the current resource outline,” Impact Minerals said in its ASX announcement.

“The results also further demonstrate that the deposit contains numerous narrow high-grade veins commonly carrying grades of between 10 grams per tonne and more than 30 grams per tonne gold.”

 

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

 

Alliance Resources Extends Weendanna Gold

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) released results from the latest round of reverse circulation (RC) drilling at the Weednanna gold prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (79.01%) and Tyranna Resources (ASX: TYX) (20.99%).

Alliance Resources said drilling during September consisted 28 RC holes, for 4,278 metres at the Weednanna prospect, returning the following gold intercepts:

18WDRC027
20 metres at 12.44 grams per tonne gold from 104m, including 8m at 28.57g/t gold from 112m;

18WDRC029
3m at 5.97g/t gold from 64m;

18WDRC030
5m at 3.06g/t gold from 145m;

18WDRC034
5m at 3.96g/t gold from 117m;

18WDRC039
22m at 1.29g/t gold from 64m, including 8m at 2.3 g/t gold from 64m.

“The 20 metres at 12.44 grams per tonne gold intercept continues to demonstrate the outstanding exploration potential at Weednanna for the discovery and definition of high-grade gold lodes at relatively shallow depth,” Alliance Resources managing director Steve Johnston said in the company’s announcement to the Australian Securities Exchange.

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Vango Mining Confirms Cinnamon Gold Discovery

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) announced further broad and high-grade gold intersections from a recently completed extension drilling program at the Cinnamon gold deposit, at the company’s 100 per cent‐owned Marymia gold project in the Mid-West region of Western Australia.

Vango Mining completed a two hole diamond drill program at Cinnamon designed to test down-plunge extensions of broad and high-grade gold zones associated with a plunging flexure in the conglomerate hosted mineralised structure.

The company has received assay results from the first hole, which it declared to have confirmed the presence of a broad zone of high-grade gold mineralisation, down-plunge from previous drilling intersections and open down-plunge to the west.

Results included:

VBGRCD0003

2 metres at 9.5 grams per tonne gold from 96m;

18m at 3.1g/t gold from 155m, including 4m at 4.59g/t gold from 162m;

2m at 4.04g/t gold from 185m; and

3m at 1.42g/t gold from 193m.

“These latest high-grade gold intersections at Cinnamon are highly significant to the company’s exploration and development strategy at the Marymia project, which aims to build a substantial resource inventory for processing at a proposed stand-alone gold mining and processing operation,” Vango Mining said in its ASX announcement.

 

 

Website: www.vangomining.com

 

Cassini Resources Spies New Targets at One Tree Hill

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) released results from recent drilling at the One Tree Hill prospect within the company’s West Musgrave Project (WMP) in Western Australia.

Cassini Resources is conducting the program, which is funded as part of an Earn-in/JV Agreement the company has with OZ Minerals (ASX: OZL), which recently moved to 51 per cent beneficial ownership in the project.

The JV is currently undertaking a Prefeasibility Study (PFS) on the Nebo-Babel deposits as well as a regional exploration program.

“The drilling results confirm our thinking that the mineralised system at One Tree Hill has scale,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“We have intersected more copper sulphide mineralisation and follow up DHEM has identified a significant conductor that could represent a large-scale extension to this mineralisation.

“We look forward to testing this target in our 2019 program.”

The JV completed two diamond drill holes targeting moving loop electromagnetic (MLEM) anomalies and extensions to previously encountered mineralisation.

The first of these, drill hole CZD0083A, returned:

24.65 metres at 0.69 per cent copper and 0.44 grams per tonne PGE from 337m with a higher grade core of 9m at 1.15 per cent copper and 0.64g/t PGE.

This intersection also included a massive sulphide zone of 2.6m at 0.96 per cent copper, 0.48 per cent nickel, 0.1 per cent cobalt and 1g/t PGE.

Cassini said the results were generally consistent with earlier results from drillhole CZD0017, which intersected a massive sulphide zone returning 3.2m at 2.16 per cent copper, 0.58 per cent nickel, 0.1 per cent cobalt and 1g/t PGE within a broader disseminated zone of 34m at 1.05 per cent copper and 0.5g/t PGE from 332m.

The JV has interpreted the results to show mineralisation appears continuous between CZD0017 and CZD0083A and remains open to the north.

A second diamond drill hole, CZD0087A, sited approximately 100m south of CZD0017, missed the target intrusion the company blamed on an apparent fault offset, striking east-west and has down-thrown the geology on the southern side.

However, the hole did intersect a 40m zone of PGE anomalism towards the bottom of hole, possibly representing the halo of magmatic mineralisation.

Of further note, a down hole electromagnetic survey (DHEM) in CZD0087A identified a large off-hole conductor, 240m long by 140m wide, with a modelled conductance of 4,400S, which is consistent with copper sulphide conductivity.

The conductor is less than 100m to the east of CZD0087A and given that the new geological interpretation suggests approximately 200m of displacement along the fault, the JV thinks this conductor may represent the extension of mineralisation observed in CZD0017, but on a much larger scale.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Corazon Mining Defines new Mt Gilmore Cobalt-Copper Anomalies

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced assay results from an on-going regional geochemical soil-sampling program at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining completed the extensive geochemical sampling program by collecting a total of 3,533 soil samples and 206 rock-chip samples at Mt Gilmore acquiring the project in 2016, with 3,335 assays now returned.

The company explained the program had been designed to systematically test favourable basement lithologies for cobalt, copper and gold mineralisation along strike from the drill-defined Cobalt Ridge deposit, which has been Corazon’s priority target.

The soil-sampling program resulted in the discovery of multiple, new, high-tenor cobalt-copper-gold anomalies – with soil sampling results of up to 450ppm cobalt and 1,060ppm copper, supported by rock chip samples grading up to 1,795ppm cobalt and 16.3 per cent copper.

Corazon’s sampling program has tested approximately 19 kilometres of the Mt Gilmore Trend and has identified extensive metal-rich anomalism in soils over basement rocks, from which the company has deduced the metal-association and size of the anomalies to suggest the wider project area could host a substantial, long-lived hydrothermal mineralising event.

“The company’s geochemical sampling program has proven highly effective in mapping alteration and mineralisation within the outcropping basement rocks at Mt Gilmore, with results correlating positively with known mineralisation and identifying multiple new target areas,” Corazon Mining said in its ASX announcement.

“The results to date have far exceeded the company’s expectations, already identifying several new priority prospects, and, with most of the anomalous areas yet to be explored in detail, strong potential exists to define additional new targets.

“The tenor of these newly discovered cobalt anomalies are on par with the outcropping Cobalt Ridge deposit and potential exists for the discovery of additional cobalt-copper-gold sulphide deposits.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Ventnor Resources Releases Maiden Muchea Silica Sand Project Resource

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THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) released results from an independent estimate of the Mineral Resource at the company’s Muchea silica sand project, located 50 kilometres north of Perth.

Ventnor Resources declared the Mineral Resource estimate (MRE) for the Muchea project comprises a combined total of JORC Code 2012-compliant Indicated and Inferred Mineral Resources of 191 million tonnes at 99.6 per cent silicon dioxide (SiO2).

The Indicated component of the MRE comprises 19 million tonnes at 99.7 per cent SiO2, with the Inferred component being 172 million tonnes at 99.6 per cent SiO2.

Ventnor explained the Mineral Resource estimate was carried out by CSA Global, based on aircore and hand auger drilling carried out by Ventnor as part of its due diligence exercise during the March 2018 quarter, prior to the acquisition of the Muchea project in July 2018.

The company said the large Maiden Mineral Resource of high-grade silica sand vindicated its decision to acquire the project.

The area of the Inferred Mineral Resource estimate is predominately based on shallow hand auger results and has the potential to be deeper with a much larger Mineral Resource

Ventnor believes the Indicated Mineral Resource area is adequate for detailed mining studies, and closer spaced drilling will also extend the area and tonnage for a potential Ore Reserve.

A third round of testwork is being finalised, with additional attritioning that will be used to determine the final circuit design to produce a high-quality feedstock for ultra-clear glass production.

Testwork results are expected during the December 2018 quarter, to be followed by engineering studies.

“This Maiden Mineral Resource Estimate has confirmed our belief that the Muchea silica sand prospect is a world class high-grade deposit, which can be processed to supply almost any grade sand for glassmaking in Asia,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“The company will move quickly into detailed engineering and mining studies to support mining proposals for forwarding to relevant Government agencies to commence the approvals process.”

 

Website: www.ventnorresources.com.au

 

Saturn Metals Increases Apollo Hill Resource

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) completed an updated Mineral Resource estimate for the Apollo Hill gold deposit, part of the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

Sturn Metals’ upgraded Mineral Resource for Apollo Hill totals 20.7 million tonnes at 1 gram per tonne gold for 685,000 ounces.

This represents a 36 per cent increase in contained ounces from the company’s previously published resource.

The new Resource incorporates the results of a 72-hole extensional and in-fill drilling campaign Saturn Metals completed earlier this year.

The company said it already has drilling in progress to further test the extents of the Apollo Hill gold system, adding that the drilling to date on the six-kilometre Apollo Hill trend is only a small part of the exploration potential on Saturn’s underexplored 1,000 square kilometre, 100 per cent-owned contiguous tenement package.

“This resource upgrade is a significant step for the company and the Apollo Hill asset only a short while after listing,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Improvements in grade, ounces, tonnes, quality and JORC Code category, all with minimal drilling and at a low discovery cost per ounce, bode well for the development of our business.

“With some of the strongest intersections located at both the northern and southern extent of the deposit, the system is wide open for rapid expansion.

“Drilling has already resumed to test these targets and results from this expansionary phase of our journey will be reported in due course.”

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au