Gold Road Resources Encounters High-Grades at Gilmour Deposit

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THE DRILL SERGEANT: Gold Road Resources released results from framework exploration drilling being undertaken at the company’s 100 per cent-owned Southern projects within the Yamarna Belt, 200 kilometres east of Laverton in Western Australia.

Gold Road Resources said recent drilling results had confirmed continuity of high¬-grade gold mineralisation at the Gilmour deposit, returning intersects of:

18WDRC0183
4 metres at 19.61 grams per tonne gold from 111m, including 1m at 74.98g/t gold from 113m;

18WDDD0024
8.14m at 7.11g/t gold from 261m, including 1.23m at 31.98g/t gold from 267.91m;

18WDRC0178
3m at 12.77g/t gold from 170m, including 2m at 18.98g/t gold from 170m; and

18WDRC0179
5m at 5.12g/t gold from 219m, including 1m at 24.06g/t gold from 221m.

Gold Road explained that Resource definition drilling is underway over a 500-metre strike length and that mineralisation intersected to date, over 250 metres below surface is open at depth.

Work to date has demonstrated the main mineralised shear zone is approximately three to five metres wide and is characterised by coarse visible gold within a highly continuous laminated quartz vein, with moderate alteration and lesser subsidiary gold¬-bearing veins.

Gold Road has completed a conceptual economic assessment based on a preliminary geological model derived from the current broad drilling information.

The company has been encouraged by the results, which it said justified ongoing follow-¬up extensional diamond and infill Reverse Circulation (RC) drilling programs that it anticipates completing during the December 2018 quarter.

“The Gilmour deposit is shaping up to be a very interesting discovery on our 100 per cent-owned ground, exhibiting excellent continuity of mineralisation characterised by a consistent and predictable gold¬-bearing quartz vein in most intersections,” Gold Road Resources executive director¬ exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“A diligent focus on understanding both the geological controls to mineralisation, and the potential economic value of the discovery has allowed the team to rapidly advance the project to detailed drilling capable of supporting potential future resource modelling activities.

“The widths, grades, and extent of mineralisation identified to date provide the encouragement to progress Gilmour as one of the priority projects going into 2019.”

 

Email: perth@goldroad.com.au

Website: www.goldroad.com.au

 

Peel Mining Scores Big Hit at Southern Nights

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) described the latest intercept encountered at the company’s 100 per cent- owned Wagga Tank project, south of Cobar in western New South Wales as, “stunning”.

Peel Mining said the latest result enhanced the Wagga Tank project’s reputation, which includes the Southern Nights prospect, as emerging to be one of the most significant zinc polymetallic discoveries in Australia in recent years.

Drillhole WTRCDD150 returned the spectacular zinc-lead-silver-gold-copper mineralisation intersection occurring as sphalerite-galena-chalcopyrite rich massive sulphides, with a downhole mineralised interval of 18.2 metres at 40.3 per cent zinc, 15.7 per cent lead, 0.97 per cent copper, 356 grams per tonne silver and 2.77g/t gold from 182m.

Peel had drilled WTRCDD150 to infill Southern Nights Central Zone, adjacent to drillholes WTRCDD033 and WTRCDD035, where very strong mineralisation was previously returned.

The company claimed the interval returned from WTRCDD150 to rank as the highest-grade zinc-rich intercept that it has reported since its inception, and when coupled with adjacent drillhole intercepts, indicates a zone of near-surface, very high-grade mineralisation.

The intercept further highlights the economic potential of the Southern Nights discovery and the unsurpassed tenor associated with Cobar Basin mineral systems.

As a result, Peel is targeting this area with close-spaced infill drilling to better define the geometry and scale of the target zone.

Drilling now underway is part of an approximate 20,000m RC and diamond drilling program designed to enable the completion of a maiden JORC-compliant mineral resource estimate by the end of the 2018/19 financial year.

The program is also designed to test for extensions to the mineralised system, which remains open along strike and at depth.

Two multi-purpose (RC/diamond) drill rigs recently commenced drilling on a double shift (24/7) basis, to systematically infill and extend the current two-kilometre long footprint of the Wagga Tank-Southern Nights mineral system.

“The ultra-high-grade massive sulphides returned from WTRCDD150 are awe-inspiring, highlighting the prize that the Cobar Basin can deliver, and reaffirming the company’s recent decision to acquire the royalty associated with the project,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchange.

“With funding secured and 100 per cent unfettered ownership, Peel can expeditiously drill test this area to better determine its geometry, scale and evident economic potential.”

 

Email: info@peelmining.com.au

Website: www.peelmining.com.au

 

Intermin Resources Encounters Gold Hits at Crake Prospect

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced further reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources completed drilling at the Crake prospect, part of the Binduli gold project area, consisting 85 RC holes for 8,096 metres drilled to an average depth of 95m.

The company has received all one-metre split assay results, which included:

BRC18036
13 metres at 4.1 grams per tonne gold from 65m, including 2m at 18.52g/t gold from 75m;

BRC18069
15m at 2.75g/t gold from 27m;

BRC18079
9m at 4.38g/t gold from 39m, including 1m at 31.2g/t gold from 39m;

BRC18044
4m at 4.9g/t gold from 52m and 10m at 2.49g/t gold from 74m;

BRC18096
1m at 26.1g/t gold from 68m; and

BRC18071
3m at 7.4g/t gold, including 1m at 19.6g/t gold from 27m and 2m at 4.41g/t gold from 46m.

The company declared the results demonstrate gold mineralisation over a 420-metre strike length and remains open along strike to the north and at depth.

It is now compiling all data to generate a maiden Mineral Resource Estimate with metallurgical test work and initial mining studies to commence in the March Quarter 2019.

Extension drilling at Crake is to continue as a priority in 2019, together with high priority targets including Coote, Darter and Honeyeater.

Intermin said it has now confirmed Binduli alongside Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new open cut and underground discoveries.

“These latest results continue to demonstrate the potential scale and quality of the Crake prospect in an area that has seen little modern exploration, particularly at depth,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“To have now identified mineralisation over a 420-metre strike length provides us with great confidence in the entire Binduli project area which will be a priority in 2019.

“We now look forward to compiling the first Mineral Resource Estimate at Crake and moving forward with mining studies and metallurgical test work to rapidly advance the project into the mine development pipeline.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Venture Minerals Confirms Thor VMS Targets

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) received results of a recently completed EM (Electromagnetic) survey over the company’s tenement package that encapsulates the Thor VMS prospect in Western Australia.

Venture Minerals reported the EM survey confirmed multiple Priority VMS (Volcanogenic Massive Sulphide) targets across the tenement package.

The company intends commencing drill testing immediately as it continues to focus exploration efforts at Thor, following the recent discovery of massive and semi-massive sulphides in reconnaissance drilling targeting a large historic EM anomaly.

Final processing of the recent detailed EM survey shows that the strongest responses sit outside of the areas drilled by the first two reconnaissance holes targeting the Thor VMS style sequence, consequently the next phase of drilling will test, the highest ranked targets based on the new, high resolution survey results.

“The company is excited about the next phase of work at Thor, which will see a number of highly ranked, massive sulphide targets drill tested over the coming weeks,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The drilling contractor has been engaged and the rigs are scheduled to be mobilised in the coming days.

“The fact that the maiden drill program intersected large zones of sulphides in areas that the final EM data does not rank amongst the strongest responses, significantly elevates the company’s confidence in the next phase of drill testing.”

 

Email: info@ventureminerals.com.au

Website: www.ventureminerals.com.au

 

Sheffield Resources Makes New Discoveries South of Thunderbird

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THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) announced a trifecta of discoveries from regional exploration drilling undertaken at the Buckfast, Bohemia and Concorde prospects at the company’s Dampier mineral sands project near Derby in northern Western Australia.

Sheffield Resources claimed the three new discoveries saying they are located between 40km and 55km south of the company’s world class Thunderbird mineral sands project.

The latest results from the drilling include the following broad, high-grade intervals:

BUCKFAST

NLAC025
46.5 metres at 5.5 per cent heavy minerals (HM) from 57m, including 21m at 9.12 per cent HM from 64.5m;

NLAC023
33m at 4 per cent HM from 61.5m, including 21m at 5.2 per cent HM from 66m; and

NLAC027
37.5m at 5.01 per cent HM from 67.5m, including 25.5m at 5.74 per cent HM from 75m.

BOHEMIA

NLAC018
43.5m at 2.35 per cent HM from 16.5m, including 10.5m at 4.25 per cent HM from 25.5m.

Sheffield explained these results conclude its 2018 regional exploration drilling program and follow the recently announced discoveries at the zircon-rich Night Train deposit and the Cold Duck, Porphyry Pearl, Cisco and Nomad prospects.

The drilling program targeted additional large, zircon-rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant.

Sheffield has now identified fourteen zones of mineralisation along a 160km long highly mineralised trend which extends from Seagull in the north to Runaway in the south.

This includes the Thunderbird deposit which has a Mineral Resource of 3.23 billion tonnes at 6.9 percent HM above a 3 per cent HM cut-off (Measured, Indicated and Inferred), including a high-grade component of 1.05 billion tonnes at 12.2 per cent HM above 7.5 per cent HM cut-off (Measured, Indicated and Inferred).

“The outstanding results received from this year’s regional drilling program have exceeded expectations,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

“Our recent low-cost exploration program has delivered multiple mineral sands discoveries within a 160km long underexplored and highly fertile region controlled by Sheffield.

“These new discoveries, including the zircon-rich Night Train deposit, are all located in close proximity to the world class Thunderbird deposit, adding to the growing global significance and strategic value of the Dampier Mineral Sands Project.

“As we close in on development of the world class Thunderbird project, we will continue to progress all funding options including ongoing discussions with potential strategic partners.”

 

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au

 

Core Exploration Encounters New Lithium at Lees and Booth Prospects

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) announced exploration results from drilling carried out between the Lees and Booths prospects at the company’s Finnis lithium project in Northern Territory.

Core Exploration claimed the results support its exploration model that the two prospects are geologically linked.

The results come after Core compiled evidence of a link between the lithium rich pegmatites at Lees and Booths and immediately commenced a RC drill campaign to test the model.

A program consisting an additional 10-15 holes has been completed and the company has received results from the first 10, all of which encountered at least one pegmatite intersection of around six to 23 metres thick.

Most holes contain multiple intersections of pegmatite the company said can be tied with reasonable confidence to pegmatite intersections in holes along strike and down-dip.

Although it is yet to receive any assay results for the current round of drilling to date, based on visual estimates from drill chip samples and results from previous drilling, Core suggested it expects the pegmatites to be variably mineralised with spodumene.

The company said the discovery and delineation of a buried pegmatite swarm at Lees-Booths provides confidence that the Bynoe Pegmatite Field has other concealed spodumene pegmatite deposits, which it signalled it will work methodically to discover and define to provide a production pipeline for the Finniss project.

“These exploration results demonstrate the potential to uncover large blind spodumene-rich pegmatite swarms at the Finniss lithium project,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.

“The historic pits and workings at Lees and Booths are likely to be just a small surface footprint of more extensive pegmatites buried under thin cover in the area.

“The remainder of 2018 is shaping up to be a very busy one for Core as we continue to progress Grants towards development whilst examining the drilling data at a number of other prospects to bring these into the project’s resource inventory.”

 

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au

 

Corazon Mining Expands Cobalt Ridge Mineralisation

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced assay results from a recently completed drilling program at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining completed the drilling, which was focused on the Main Lode at the Cobalt Ridge deposit, a cobalt dominant sulphide deposit.

Assay results have been returned from the drilling program that included 21 holes, comprising reverse circulation (RC) and core drilling.

Drilling has demonstrated the east-west trending Main Lode to be up to 35 metres in width and has now been tested over an approximate 300 metre strike with drilling focused on depths predominantly less than 170 metres below surface.

The broad Main Lode includes multiple narrow, higher-grade sulphide rich lodes and returned numerous assays of over one per cent cobalt.

The best result from this program was a high-grade intersection of 5 metres at 2.14 per cent cobalt.

“This drilling has returned exceptional results and has enabled us to gain a much higher-level geological understanding of the deposit,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“Our ongoing work should enable us to more accurately express the potential of the Cobalt Ridge deposit, which is our core aim, and we expect to be able to announce more about this in the coming weeks.”

Corazon Mining said Cobalt Ridge remains substantially under-drilled and there is demonstrated potential to define additional areas of mineralisation.

The company said the results from this current drilling program had provided a much better understanding of the controls on the mineralisation – knowledge it will put to use to identify additional drilling targets within Cobalt Ridge, as well as regionally with the greater Mt Gilmore project area.

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Vango Mining Drills to Define Shallow Resource

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) announced it is continuing a drilling and development program at the Trident high-grade gold deposit, part of the Trident gold project on the company’s 100 per cent-owned Plutonic Dome (Marymia) gold project in the Mid-West region of Western Australia.

Vango Mining has RC drilling and geotechnical diamond drilling underway to define near/at surface expression of the high-grade gold mineralisation at the Trident gold project with the intent to provide information to determine the viability of developing an open pit and underground portal access point on the shallow mineralisation at the western end of the Trident gold deposit, referred to as Trident West.

The company will drill a further five RC and possibly pre-collared diamond drillholes to test the shallow, up-plunge, projection of the Trident gold deposit to the west of the very-high grade core of the deposit that was drilled previously.

The geotechnical drilling program will include four HQ3 diameter diamond drillholes within the proposed open pit target area at Trident West to determine ground conditions and test structures that will impact on open pit wall angles and stability and assist the design and optimisation of the proposed open pit/portal access.

In addition to Trident, Vango will drill down-plunge extensions of the Cinnamon gold deposit.

Two to three pre-collared diamond drillholes will be carried out to ensure target depth is reached and to generate structural information on the deeper extensions of the deposit.

The first of the latest pre-collared diamond drillholes has been completed (VBGRCD003) and intersected mineralisation in the target zone.

Vango is currently waiting to receive results of this hole.

“The company’s strategy is to add further resources to the project’s development pipeline, which currently includes the Trident high-grade gold deposit as the primary target,” Vango Mining said in its ASX announcement.

“Vango aims to develop the project into a significant, stand-alone, gold mining and processing operation with outstanding upside potential to continually build the high-grade gold resource base.”

 

Website: www.vangomining.com.au

 

Calidus Encounters Further High-Grade Gold at Warrawoona

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI) released the latest high-grade drilling results achieved from the St George Shear and Klondyke East prospects at the company’s Warrawoona gold project in Western Australia.

Calidus Resources said the reustlts had confirmed extensions to the current Resource area at the Warrawoona project.

The company explained the drilling is part of a larger resource infill and extension program it has going to expand the current 712,000 ounce Warrawoona resource leading to the commencement of a pre-feasibility study in 2019.

Infill drilling for open-pit resources at the new high-grade gold zone St George, 150m North of the Klondyke Main resource, returned intercepts including:

18SGRC031
6 metres at 7.61 grams per tonne gold, including 1m at 40.64g/t gold from 16m;

18SGRC032
8m at 5.64g/t gold, including 1m at 11.03g/t gold, 1m at 13.05g/t gold and 1m at 10.95 g/t gold from 44m;

18SGRC047
14m at 1.77g/t gold from 35m; and

18SGRC050
2m at 10.23g/t gold, including 1m at 18.91g/t gold from 91m.

Klondyke East in-fill drilling returned the following:

18KLRC152
2m at 20.84g/t gold, including 1m at 40.51g/t gold from 88m;

18KLRC148
6m at 3.82g/t gold from 93m;

18KLRC172
15m at 0.97g/t gold from 97m;

18KLRC157
2m at 7.29g/t gold, including 1m at 12.75g/t gold from 66m; and

18KLRC158
1m at 10.79g/t gold from 2m.

“The ongoing multi-target drilling programs at the Warrawoona gold project continue to be very successful, aiming to build on the landmark 712,000 ounce resource we delivered in December 2017 and clearly showing that the project has considerable upside,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“The high-grade tenor of the St George Shear intercepts is very encouraging especially considering its location being only 150 metres north of the Klondyke deposit.

“With still 60 per cent of this area to report and the tenor of grade increasing to the west, I look forward to reporting these further results and the results of an initial diamond drill program that is targeting resources beneath the potential open pit at Klondyke.

“This drilling is now complete with drill rigs now moving to complete geotechnical drilling and water bore drilling for the upcoming pre-feasibility study.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au

 

Renascor Resources Confirms Additional High-Grade Graphite

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THE DRILL SERGEANT: Renascor Resources (ASX: RNU) reported assay results from the first 36 holes of a recently completed Definitive Feasibility Study (DFS) drilling program on the company’s saviour graphite project in South Australia.

Renascor Resources said the drill assays received from this initial batch of holes intersected additional near-surface, high-grade graphite, which it considers to further demonstrate continuity of widespread, shallow and high-grade graphite within the Siviour Indicated Resource where Renascor expects to place the initial pit.

From this area, the results included several wide intersections of graphite from within approximately 10 metres of the surface, including:

18SIVAC145
25m at 14 per cent total graphitic carbon (TGC) from 12m;

18SIVAC155
33m at 8.9 per cent TGC from 11m;

18SIVAC171
24m at 10.2 per cent TGC from 26m;

18SIVAC160
24m at 9.5 per cent TGC from 8m; and

18SIVAC158
23m at 9.4 per cent TGC from 8m.

“These drill results are another important step in de-risking the Siviour graphite project as we move through our Definitive Feasibility Study work programs and progress to our goal of establishing a globally significant graphite mine,” Renascor Resources managing director David Christensen said in the company’s announcement to the Australian Securities Exchange.

“We are particularly pleased that these assays include several wide intervals of high-grade graphite that are very close to the surface, as this offers further evidence that Siviour will benefit from low mining costs and, in turn, low operating costs.”

 

Email: info@renascor.com.au

Website: www.renascor.com.au