Legacy Minerals Gets Diamond Drilling Underway at Bauloora

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THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) has commenced a new phase of diamond drilling at the company’s Bauloora project in New South Wales.

Legacy Minerals has the new phase of drilling underway targeting high-grade gold and silver prospects at the Bauloora project.

The company has plans for a total of eight holes for up to 1,300 metres targeting high-grade gold and silver epithermal mineralisation within an approx. 29 square kilometres epithermal vein field (Primary Vein Field).

The current round of drilling is being funded under the Phase 1 Earn-In of the $15 million Bauloora Joint Venture with Newmont.

“Over the past six months, the Bauloora Team has completed an extensive systematic data acquisition process across the Primary Vein Field at Bauloora,” Legacy Minerals CEO & managing director Christopher Byrne said in the company’s ASX announcement.

“This work has included wide-ranging geophysics, geochemistry, and boots on ground mapping and sampling and it’s exciting to see the rig spinning to test the first of the compelling targets that have been generated.

“As with Legacy Mineral’s initial diamond drilling into the low-sulphidation vein field at Bauloora last year, most of these targets have never been tested by drilling despite having strong surface signatures and even outcropping veins in some instances.

“As the rig spins on our Bauloora project the exploration team continues to work on our 100 per cent-owned epithermal projects at Drake and Black Range.

“With drill results coming from two of New South Wales’ epithermal systems in the coming months, and a backdrop of strong demand and prices for gold and silver, now is a great time to be targeting new discoveries at these high-potential projects.”

 

Legacy Minerals CEO & managing director Christopher Byrne at RI Sydney Resources round-up

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Red Metal Buoyed by Sybella REO Phase 2 Metallurgy

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THE DRILL SERGEANT: Red Metal (ASX: RDM) completed a second phase of leach and comminution studies testing mineralisation from the company’s Sybella rare earth oxide (REO) discovery near Mount Isa in Northwest Queensland.

Red Metal explained the testing to be part of the company’s strategy of finding the most economically effective way to process the project ores, which have unique metallurgical properties.

The company reported that leach and comminution results achieved from the latest studies had increased its confidence that a low-cost, low-capital, heap leach processing option may prove feasible and outlined key leach parameters for more detailed investigation.

Results confirm strong REO extractions can be achieved using low levels of ambient temperature sulphuric acid on coarse fractions of both weathered and fresh granite over increased residence times.

The leach results to date combined with the comminution studies support the concept of REO extraction using low-cost bulk open-pit mining, simple coarse gyratory, jaw and/or cone crushing and heap leach processing using low levels of sulphuric acid.

“Interim results from the second phase of leach test work and comminution studies have confirmed Red Metal’s initial hypothesis that the Sybella granite-hosted REO mineralisation can be coarsely crushed and leached under weak acid conditions in a manner suitable for low-cost, low-capital heap leach processing,” Red Metal managing director Rob Rutherford said in the company’s ASX announcement.

“Impurity removal trials are progressing with early indications showing residual contaminants from the Pregnant Leach Solution may be successfully removed, potentially resulting in a premium mix rare earth carbonate (MREC) product.

“Results from these tests are expected shortly. The Company has reasonable expectation that our ongoing studies will confirm a process route that optimises REO recovery (increases revenue) but reduces the acid consumption rate and ensures that impurities in the final product can be satisfactorily minimised (lowering processing costs).

“It is also now working rapidly towards outlining ore resources.”

 

Red Metal managing director Rob Rutherford at RIU Sydney Resources Round-up

 

 

TO READ THE FULL ANNOUNCEMNT: CLICK HERE

 

 

Critical Resources Claims New LCT Pegmatite System Discoveries at Mavis Lake East

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THE DRILL SERGEANT: Critical Resources (ASX: CRR) has claimed discovery of multiple additional spodumene-bearing pegmatites at the company’s 100 per cent-owned Mavis Lake lithium project in Ontario, Canada.

Critical Resources has made the discoveries just weeks into its 2024 Summer Field Exploration Campaign.

The company declared the new finds highlight the potential of the Mavis Lake project to yield further lithium discoveries while validating the recently announced JORC compliant Exploration Target.

Critical Resources kicked off field work comprising prospecting, mapping and sampling in early May, designed to identify new spodumene-bearing pegmatites, determine fractionation trends at the project’s northern prospects and conduct drill pad reconnaissance throughout the Mavis Lake lithium project.

A total of 83 samples were collected from pegmatite outcrops across the broader project area resulting in a total of 31 new pegmatite discoveries.

These include an approx. 250 metres extension of a known spodumene-bearing pegmatite (Pegmatite 20) and 100m extension of the Main Zone spodumene-bearing pegmatite cluster (Pegmatites 7 and 24).

Samples have been prepared and will be dispatched to an independent analytical laboratory in the coming weeks, with full results expected in July/August 2024.

“It’s great to see field teams directly following up our Exploration Target and making further significant discoveries at Mavis Lake at the start of the new field season,” Critical Resources managing director Alex Cheeseman said in the company’s ASX announcement.

“The field program has already increased our confidence in our ability to deliver on the recently published Exploration Target, paving the way for drill testing a number of high-quality targets.

“We look forward to continuing our dual-track strategy of targeting resource growth while progressing our project development and permitting workstreams for Mavis Lake.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Tambourah Metals Completes First Drilling at Cheela Gold Project

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THE DRILL SERGEANT: Tambourah Metals (ASX: TMB) received first assays for an initial aircore drilling program at the company’s Cheela gold project in the Ashburton region of Western Australia.

Tambourah Metals explained the drilling targeted gold intersections that had been encountered in wide-spaced historic drilling conducted by both Newcrest and Northern Star.

The company completed a total of 11 aircore holes for 769 metres over a strike distance of about 90m, in-filling the historic drilling on 40m spaced traverses.

The assay results for 5 of the 11 holes demonstrated a persistent shallow gold anomaly associated with the historic drill intercepts.

Best results include:

CHAC003
5 metres at 1.1 grams per tonne gold from 33m, including 1m at 2.85g/t gold from 33m.

“We are delighted to have completed the maiden aircore drilling program at Cheela that has confirmed extensive shallow gold anomalism reported from wide spaced historic drilling,” Tambourah Metals executive chair Rita Brooks said in the company’s ASX announcement.

“On receiving assay results for the remaining six drill holes we will plan follow up RC drilling targeting the deeper high-grade intersection in ARB1222 (Newcrest) and underlying structures.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Encounter Resources Commences Diamond Drilling at Aileron

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced a diamond drilling program at the company’s 100 per cent-owned Aileron project in the West Arunta region of Western Australia.

Encounter Resources is conducting an approx. 2,000 metres diamond drill program at Aileron, the first hole of which will be testing a discrete, high amplitude density anomaly at Perce the company considers prospective for IOCG mineralisation or an alkaline/carbonatite intrusion.

After this hole the diamond drill rig will then be charged with testing targets Encounter has generated via an aircore drill program it currently has in progress at Aileron.

This program has already completed a total of 70 aircore holes with the first batch of priority aircore samples from the Crean target already on their way to the lab for analysis.

“The project wide Falcon gravity survey that we completed provided fundamental new data to target IOCG and carbonatite-hosted niobium-REE deposits in the West Arunta region,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“The survey defined key regional structures that transect the West Arunta including the NNE trending Weddell Fault that bounds a number of the high priority prospects in the region.

“It highlighted significant gravity anomalies in the eastern part of Aileron including the discrete, high amplitude density anomaly at Perce, which is the first target to be tested.

“The initial diamond program at Perce is EIS co-funded and is the first phase of the systematic testing of major geophysical targets defined in the eastern part of this emerging new mineral belt.”

The Perce target is located at the eastern extent of Aileron where no previous drilling has been completed.

Encounter have designated it as a high priority geophysical target that is a discrete, high amplitude density anomaly located at a key structural intersection.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Aurumin Drilling Hits High-Grade Gold at Plum Pudding

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THE DRILL SERGEANT: Aurumin (ASX: AUN) received initial results from recent RC drilling undertaken at the company’s 100 per cent-owned Central Sandstone project in Western Australia.

The project is part of Aurumin’s Sandstone Operations, which also includes the Birrigrin and Johnson Range projects, and has a total Resource of 946,000 ounces of gold.

The drilling campaign tested seven new open pit targets with first pass exploration drilling, and aimed to extend two open pit Resources the company had released in April this year.

Aurumin claimed the campaign a success, with four of the seven new targets returning positive results and extensional drilling returning a healthy result at the Plum Pudding deposit.

Plum Pudding Extensional Drilling:

SN_XP_RC_24_0036
18 metres at 25.8 grams per tonne gold from 30m, including 2m unexpected void at 0.0g/t gold, including 2m at 215.2g/t gold from 43m and 7m at 1.48g/t gold from 71m.

Two Mile Hill West – New Target:

SN_XP_RC_24_0018
32m at 0.99g/t gold from 68m, including 4m at 4.28g/t gold from 76m (composite sample)

Old Town Trend – New Target:

SN_XP_RC_24_0010
11m at 2g/t gold from 28m, including 4m at 2.97g/t gold from 32m (composite sample)

Mt Klempt – New Target:

SN_XP_RC_24_0006
9m at 1.25g/t gold from 16m.

“These are great results from a first pass exploration drilling program,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“We achieved significant results at four out of seven targets; these were based on a combination of previous geochemical results and structural interpretation.

“Additionally, we got a bonanza result with extensional drilling at Plum Pudding, with a top assay of 344 grams per tonne and an unexpected void, likely old workings.

“Plum Pudding is now a priority target for additional work so we can expand our, currently modest, 14,000 ounce Resource.

“We are focussed on the Central Sandstone project and generating the critical mass required for future production, these results are a great step towards adding the required additional open pit material to support an operational restart.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Flynn Gold Intersects High-Grade Gold at Trafalgar

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THE DRILL SERGEAT: Flynn Gold (ASX: FG1) raced out the first results from the latest diamond drilling activities at the company’s 100 per cent-owned Golden Ridge project located in Northeast Tasmania.

Flynn Gold reported assays from the first hole in the diamond drilling program underway at the Trafalgar prospect that has intersected numerous high-grade gold veins.

TFDD016:

0.4 metres at 67.6 grams per tonne gold within 1.3m at 21.9g/t gold from 248.7m;
0.3m at 39.2g/t gold from 243.2m;
0.5m at 35.1g/t gold within 1.4m at 12.7g/t gold from 164.6m (Trafalgar Main Vein);
0.3m at 19g/t gold within 0.65m at 10.5g/t gold from 187.55m (Magazine Vein);
0.3m at 12.3g/t gold within 1.2m at 3.5g/t gold from 233m; and
0.4m at 10.8g/t gold from 135.2m.

“These are impressive early results from the first hole of our drilling campaign at the Trafalgar prospect at Golden Ridge in Northeast Tasmania, adding further confidence to our understanding of Trafalgar as a multiple high-grade vein, intrusion-related gold deposit,” Flynn Gold managing director and CEO Neil Marston said in the company’s ASX announcement.

“Earlier this year our exploration model for Trafalgar was refined and updated.

“Based on the new model this first drill hole was designed to test for mineralisation beneath the historic Trafalgar mine, and up dip of previously intersected high-grade intervals.

“We have intersected high-grade mineralisation in the target zones, which increases confidence in our work and the ability to understand this high-grade gold system.

“We look forward to releasing further drilling results as this program progresses over the coming weeks.”

The company completed a second hole, TFDD017, last week to a final depth of 248.4m that was also designed to test all the main veins (Trafalgar Main, Magazine, and Trafalgar South veins) (see Figure 2). This hole is currently being logged and sampled.

A third drill hole, TFDD018, will commence this week with a target depth of 330m and is also designed to test all three of the main veins.

Assay results are anticipated to be announced when they become available.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Aruma Resources Acquires Portfolio of Copper and Uranium Projects

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) increased the size of its portfolio satchel with the acquisition of copper and uranium exploration assets in tier-1 mineral precincts of South Australia and Queensland.

The acquisitions include:

The Wilan IOCG-uranium project in the Olympic Dam precinct in South Australia; and

The Fiery Creek copper and Bortala copper projects in the Mt Isa region of Queensland.

Aruma Resources considers all three projects, being acquired from NHM Holdings (Australia) Pty Ltd to have copper-gold (stratiform and IOCG) discovery potential – along with playa lake and paleochannel uranium targets at the Wilan project.

The company sees the new portfolio additions as pivotal as they will expand its focus into key high-demand commodities, copper and uranium, via a portfolio of high-potential exploration projects in two of Australia’s pre-eminent, active mineral precincts.

“We are excited about the company-changing potential of this acquisition,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“In seeking to expand our asset portfolio we have assessed a number of projects against key criteria designed to drive market support for the company and value accretion for shareholders.

“We see the combination of quality exploration asset portfolio in high-demand commodities, located in active tier-1 mineral belts in progressive mining jurisdictions as the clear right-fit for Aruma Resources.

“In tandem with our ongoing focus on our Western Australian assets, we plan to implement targeted field work programs across the new asset portfolio, with a view to defining priority targets and systematically drilling these projects to unlock and maximise their IOCG, uranium and copper potential.

“The company views the ability to acquire this IOCG, uranium and copper prospective asset portfolio at a time of prevailing strength in these commodity markets underpinned by a bullish long term outlook as being potentially transformational, and we look forward to sharing details of our journey to unlock the value of this new asset portfolio in the weeks and months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Sayona Mining Drills Thick, High-Grade Moblan Intersections

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released results from recently completed drilling activity at the company’s Moblan lithium project (Sayona 60%; Investissement Quebec 40%) in northern Quebec, Canada.

Sayona Mining said the results of the 94-hole program demonstrated the high-grade nature of Moblan.

The drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories.

Highlights include:

South Pegmatites:

1331-23-537
40.7m at 1.52 per cent lithium oxide (Li2O) from 130.5m;

1331-23-679
78.2m at 1.55 per cent Li2O from 51.5m; and

1331-23-684
57.05m at 1.48 per cent Li2O from 41.15m;

Inter Pegmatites:

1331-23-461
44.75m at 1.41 per cent Li2O from 250.15m;

1331-23-503
49.7m at 1.61 per cent Li2O from 143.3m; and

1331-23-513
45m at 1.17 per cent Li2O from 291.5m.

Moleon Pegmatites:

1331-23-552
30.2m at 1.73 per cent Li2O from 158.8m;

1331-23-582
44.25m at 1.29 per cent Li2O from 214m;

1331-23-583A
42.75m at 1.85 per cent Li2O from 176.8m;

1331-23-584
36.85m at 1.77 per cent Li2O from 181.95m; and

1331-23-585
43.9m at 1.66 per cent Li2O from 139.9m.

“We are delighted with the thick, high-grade drilling results at Moblan confirming it is one of the premier hard rock lithium deposits in North America,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Most excitingly, it is clear there remains considerable potential for further expansion of the deposit which is open in all directions.

“The results reported today have highlighted extensions to known mineralisation and most significantly a number of new zones of mineralisation.

“The drilling has also identified mineralisation between known zones and MRE pit shells which has the potential to increase the mineral resource estimate.

“We are receiving and assessing further drilling results from the 2023 program and will report those to shareholders as soon as possible.

“Additionally, we have now commenced a further drilling program to be completed throughout 2024.

“Moblan forms the centrepiece of our James Bay lithium hub and has an extremely bright future supplying Québec-produced lithium derivatives into the expanding North American battery and EV sector.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Delivers More REE Intersections at Jupiter

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) newly minted managing director Philippa Leggat was quick out of the blocks to announce the first batch of assay results from recent drilling at the company’s 70 per cent-owned, clay-hosted Jupiter rare earths project in Western Australia.

Venture Minerals declared the latest Jupiter assay results had continued to deliver consistent high-grade zones (+2,000ppm TREO) over 20- 30 m widths, within broader zones up to 80 metres grading well over 1,000 ppm total rare earth oxide (TREO) with thorium and uranium levels remaining consistently extremely low.

These results continue to validate geophysics over the entire 40 square kilometre Jupiter target.

“The great intersections just keep on coming at Jupiter!” Philippa Leggat said in the company’s ASX announcement.

“Another batch of drilling results and another record clay-hosted REE drill intersection.

“It’s fantastic to see infill drilling continue to deliver such consistent results, with impressively broad zones of high-grade mineralisation confirmed in hole-after-hole.

“This is the kind of substance that builds a meaningful project.

“We have an incredible team working on Jupiter, led by experienced geologist Dr Stuart Owen.

“Dr Natalee Bonnici (ex IGO and Northern Star) is a geo-metallurgist who recently joined our team, bringing her specialist skills to our understanding of the mineralisation at Jupiter.

“Their work is the foundation that means our metallurgical work will be done on representative samples.

“We are doing the work the right way, because this project is too big and too good to be wasted on short-cuts.

“Jupiter’s scale, grade and tier 1 location all play into the strategic nature of this discovery.

“They infer the incredible potential which attracted Nick Cernotta and Tim Lindley to join the Board.

“This potential is the basis for our vision to restructure the company to become one of the best rare earths and critical minerals companies in Australia, while delivering meaningful shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE