Blackstone Minerals Identifies Copper Cobalt Targets

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has identified copper-gold-cobalt targets centred on the Jewel prospect located 1.1 kilometres north-northeast of the Little Gem prospect at the company’s BC cobalt project in British Columbia, Canada.

Blackstone Minerals identified the new soil anomalies over more than 1.5 kilometres adding they coincide with recently announced IP survey results, which indicate a large sulfide bearing body associated with the Jewel copper-gold-cobalt prospect.

The company took surface rock chip samples from the Jewel prospect that also delivered high-grade assay results including 5.6 per cent copper and 5.1 per cent copper.

Blackstone explained the Jewel prospect has never been drill tested and with the multiple large-scale IP targets coinciding with the new copper-gold-cobalt soil anomalies it has declared the Jewel prospect is its highest priority target to be drill tested at the earliest opportunity.

Blackstone has now completed the first ever cobalt focussed exploration field season in the Bridge River Mining Camp and the initial results indicate the BC Cobalt Belt is rapidly emerging into a potential world class cobalt district.

“Our soil sampling program has identified a major copper-gold-cobalt target at Jewel which coincides with the large IP anomaly we believe to be a substantial sulfide bearing body at depth,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We are eagerly anticipating the drilling of these new targets so as to better understand the primary source of the high-grade copper-gold-cobalt mineralisation at Jewel, Little Gem and Erebor.

“We look forward to further results from our 2018 fieldwork program as we continue to unlock what is shaping up to be a potential world class cobalt district located in a tier one mining jurisdiction in British Columbia, Canada.”

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au

 

Musgrave Minerals Continues Lake Austin North Run

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further reverse circulation (RC) assay results from drilling at A Zone at the Lake Austin North prospect.

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

Drill hole 18MORC051 was drilled 50m south of discovery hole 18MORC039 (36m at 3.6g/t gold, including 20m at 6.1g/t gold), intersecting a high-grade mineralised zone approximately 150m below surface.

Assays returned a thick gold interval of:

30 metres at 2.5g/t gold from 186m down hole to end of hole, including 6m at 8g/t gold from 204m.

The hole terminated in mineralisation at the depth capacity of the drill rig.

This high-grade zone is open both up-dip, down dip and along strike to north and south.

The hole also intersected an upper gold halo of 66m at 0.26g/t gold from 72m down hole.

Drill hole 18MORC052 intersected a broad alteration zone within Archaean basement dipping steeply east 100m north of discovery hole 18MORC039 and returned:

138m at 0.4g/t gold from 102m down hole, including 6m at 3.4g/t gold from 132m.

Drill hole 18MORC053 drilled 200m north of 18MORC039, intersected the regolith gold halo (48m at 0.31g/t gold from 96m down hole) but was collared too far west and failed to intersect the primary basement lode.

“These are another set of excellent results and support the new interpretation for the high-grade basement lode at A Zone,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Diamond drilling is due to commence in approximately two weeks at Lake Austin North.

“Both A and C Zones are proving to have significant upside potential with high-grade shoots within broader mineralised zones, and we are yet to find the limits of the mineralisation.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Alto Metals Confirms Gold at Depth at Vangaurd

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THE DRILL SERGEANT: Alto Metals (ASX: AME) recently drilled two 2 RC holes at the Vanguard and Tiger Moth prospects of the company’s Sandstone gold project in Western Australia.

Alto Metals reported that assay results from these holes confirmed geological models and provided samples for preliminary metallurgical testwork, which subsequently returned high recoveries and better than predicted grades.

The company said that assay results received from reconnaissance aircore drilling at Bulchina, Sandstone North and Vanguard Camp also indicates that these mineralised systems are still open, and further drilling is required.

The RC drilling confirmed robust geological models at Vanguard and Tiger Moth returning intercepts into high-grade zones including:

SRC114 (Vanguard)

40 metres at 3.5 grams per tonne gold from 60m; and

SRC115 (Tiger Moth)

8m at 4.1g/t gold from 52m.

The preliminary metallurgical testwork shows recovery of +92 per cent gold from both oxide and primary gold zones.

“Alto’s recently published Mineral Resource estimate [JORC 2012] for the Indomitable and Vanguard Camps was the result of applying a systematic exploration approach,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.

“This process resulted in the selection and successful testing of a number of litho-structural gold targets.

“The next stage is to step-out and drill test the down dip/down plunge extensions of these newly discovered mineralised structures and convert gold mineralisation into mineral resource.”

 

Email: admin@altometals.com.au

Website: www.altometals.com.au

 

Venture Minerals Identifies New Thor Drill Targets

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) announced the identification of nine priority VMS (Volcanogenic Massive Sulfide) drill targets at the company’s Thor VMS prospect in Western Australia.

Venture Minerals said the targets had been identified from preliminary results of a recently completed EM (Electromagnetic) survey at the Thor VMS prospect.

Venture has focused exploration efforts on Thor, following the recent discovery of massive and semi-massive sulfides in reconnaissance drilling targeting a large historic EM anomaly.

The company expects final processing of the new detailed survey, which utilised the latest EM technology, to shortly be complete, allowing it to prioritise the targets in preparation for immediate drilling.

Recent highlights at the Thor prospect include the EM survey results along with confirmation of large VMS style target sequence extending over 20 kilometres of strike.

The first drill program intersected a 17-metre zone of disseminated, semi-massive and massive sulfides with portable XRF confirming the presence of zinc and copper.

Assays confirmed the presence of zinc and copper with core samples containing up to 0.3 per cent zinc and 0.2 per cent copper.

“The company is encouraged by the early success from the new EM survey around the Thor VMS prospect and is looking forward to testing some of the nine priority drill targets in the very near future,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

Venture expects some of the priority drill targets will likely be accessible from previously permitted drill sites once the final EM survey results confirm the target locations.

Should this be the case, drilling preparations can commence immediately.

The company anticipates final EM results to produce an improvement of other EM features within the 20km VMS target zone and the remainder of the tenure once levelling of the data and removal of cultural features has been completed.

 

Email: info@ventureminerals.com.au

Website: www.ventureminerals.com.au

 

Alliance Resources Commences Drilling of Weednanna Regional Targets

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has commenced aircore drilling on the regional gold targets surrounding the Weednanna gold deposit, part of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources (ASX: TYX) (24.99%).

Alliance Resources indicated the first regional gold exploration target to be tested is the Weednanna East gold prospect.

A total of 85 holes for 5,525 metres is planned to be completed with the aim of defining gold in regolith anomalism.

Alliance explained the drilling will consist of four lines of 50m by 200m spaced holes designed to test around the existing gold in soil and regolith anomalism, extend coverage to the west to existing RAB drilling at Weednanna and east to cover a series of northwest striking faults.

“Holes will be drilled vertically to blade refusal and sampled over four metre composite intervals for gold and base metals,” Alliance Resources said in its ASX announcement.

“Any composite samples returning anomalism will be re-sampled and analysed over one metre intervals.”

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Intermin Resources Extends Anthill Strike Length

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) recently completed an extensive resource extension drilling program at the company’s 100 per cent-owned Anthill gold project on the Zuleika Shear, north-west of Kalgoorlie – Boulder in the Western Australian goldfields.

Intermin Resources drilled a total of 122 Reverse Circulation (RC) holes for 15,118m to an average depth of 120m and maximum depth of 284m that were focussed on extending the 120m of strike length that contains the current Mineral Resource estimate.

This stands at 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold.

Intermin said the new results have extended the known strike length to more than 400m with mineralisation intersected, including:

AHRC18079
31 metres at 3.28 grams per tonne gold from 112m, including 1m at 31.7g/t gold from 130m;

AHRC18092
19m at 2.7g/t gold from 57m;

AHRC18051
10m at 2.79g/t gold from 80m;

AHRC18043
12m at 2g/t gold from 36m;

AHRC18119
4m at 8.13g/t gold from 60m;

AHRC180116
8m at 1.92g/t gold from 96m and 4m at 7.67g/t gold from 112m; and

AHRC18079
13m at 1.44g/t gold from 43m, 6m at 1g/t gold from 66m, 3m at 2.7g/t gold from 112m.

Intermin said that mineralisation it had intercepted to the north, south and east beyond the current resource envelope and remains open in all directions.

Drilling consisting twenty-four exploration air core and RC holes completed 2.5km NW of Anthill confirmed two new prospects, Fire Ant and Tree Ant.

Results from this returned:

ARAC1808
5m at 2.45g/t gold from 33m and 1m at 0.91g/t gold from 44m;

ARRC1815
4m at 0.69g/t gold from 32m and 8m at 1.37g/t gold from 80m; and

ARRC1822
4m at 1.08g/t gold from 72m.

Intermin Resources anticipates an updated Mineral Resource for Anthill to be ready in the December Quarter with open pit mine development studies and further drilling scheduled for March Quarter 2019.

Further assays are pending and expected within the current Quarter with the rigs now drilling at the Binduli and Blister Dam gold projects.

“These latest results from Anthill continue to demonstrate the potential scale and quality of the orebody that continues to grow with each drilling campaign and certainly justifies our belief that the Zuleika Shear can deliver new large-scale open cut and underground gold deposits,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Once we receive the final assay data we will compile an updated Mineral Resource Estimate in the current December Quarter and progress future development studies in early 2019.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Black Cat Sees Potential at Myhree

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported updated results from drilling carried out on the Myhree-Boundary Corridor at the company’s 100 per cent-owned Bulong gold project.

Black Cat Syndicate conducted the drilling to follow-up encouraging intersections encountered earlier this year to the north of Myhree.

The company has now extended Myhree a further 50 metres to the north by encountering additional shallow, thick and high grade intersections, including:

18MYRC011
11 metres ta 8.3 grams per tonne gold from 28m; and

18MYRC009
2m at 9.63g/t gold from 119m.

The Black Cat indicated it had made further progress along the Corridor at Boundary, where it again had earlier reported encouraging intersections of an offset position to the south of Boundary.

Extensional RC drilling conducted to the south has extended this offset position by 100m with an intersection of:

18BORC021
7m at 2.49g/t gold from 66m.

“These positive results show the potential of the Corridor, which has been subject to little previous exploration,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We have rapidly extended Myhree by 50 metres to the north and Boundary by 100 metres to the south.

“The results show the potential for shallow, thick and high-grade mineralisation along this 1,400 metre Corridor.

“This is an exciting opportunity for Black Cat that we will continue to aggressively pursue.”

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au

 

Pursuit Minerals Identifies 3.5km of Vanadium Strike

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THE DRILL SERGEANT: Pursuit Minerals (ASX: PUR) located extensions to vanadium mineralisation at the company’s Airijoki project in Northern Sweden, just in time for the Brisbane Mining 2018 Conference next week.

Pursuit Minerals conducted rock chip sampling of 3.5 kilometres of highly magnetic meta-diabase rock that defined extensions of mineralisation previously identified by historical drill holes K-AIR1 and K-AIR5.

Pursuit re-assayed intercepts from these historic holes in August 2018, from which it identified substantial thicknesses of vanadium mineralisation in magnetite concentrate including:

K-AIR1
178 metres at 1.33 per cent vanadium pentoxide (V2O5) from 9m, including 16m at 2.03 per cent V2O5 from 171.3m; and

K-AIR51
10m at 2.01 per cent V2O5.

Pursuit has planned a drill program, to commence in early November, to test the 3.5km strike extension of the vanadium mineralisation, with the objective of defining an initial JORC Inferred Mineral Resource.

Pursuit said the re-sampling of the two historical drill holes at Airijoki showed the vanadium mineralisation to be extremely thick in sections and produced very high-grade vanadium in magnetite concentrates.

“The meta-diabase rock hosting the mineralisation is highly magnetic and using our recently collected heli-magnetic data we were able to map and sample the meta-diabase unit for a further 3.5 kilometres north of holes K-AIR1 and K-AIR5,” Pursuit Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“The rock chip samples show vanadium mineralisation at surface along the outcropping meta-diabase unit which has provided the technical justification for Pursuit to proceed with a drilling program to define a JORC Inferred Mineral Resource for Airijoki.”

 

Email: info@pursuitminerals.com.au

Website: www.pursuitminerals.com.au

 

Minotaur Exploration Encounters Further Jericho Copper

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THE DRILL SERGEANT: Minotaur Exploration (ASX: MEP) encountered copper-gold intersections from the Jericho target at the Eloise project, located 60 kilometres southeast of Cloncurry, in northwest Queensland.

The Eloise project is a Joint Venture between Minotaur and OZ Minerals (ASX: OZL).

In the lead up to the Brisbane Mining 2018 Conference, Minotaur Exploration said recent drilling was carried out at Jericho, positioned close to the Eloise mine that has now paused for compilation of the drill database.

The drill rig has moved on to test other regional ground EM targets until the ‘wet season’ imposes field activity shutdown in November.

Since the start of drilling into the Jericho EM anomalies in October 2017 the JV has completed 28 holes, of which assays for six (EL18D20-EL18D25) from J1 and J2 zones have been delivered.

Results include:

J1

EL18D20
30 metres at 0.42 per cent copper, 0.11g/t gold from 298m, including 1m at 1.43 per cent copper, 0.03g/t gold and 2m at 1.93 per cent copper, 0.86g/t gold;

EL18D21
20m at 0.14 per cent copper, 0.07g/t gold from 327m;

EL18D22
36m at 0.32 per cent copper, 0.11g/t gold from 170m, including 6m at 1.02 per cent copper, 0.23g/t gold, and
14m at 1.27 per cent copper, 0.09g/t gold from 333m, including 6m at 2.65 per cent copper, 0.13g/t gold;

EL18D23
21m at 1.39 per cent copper, 0.3g/t gold from 289m, including 11m at 2.05 per cent copper, 0.41g/t gold, and
12m at 0.57 per cent copper, 0.08g/t gold from 320m, including 1m at 2.85 per cent copper, 0.1g/t gold and 2m at 1.37 per cent copper, 0.37g/t gold;

EL18D24
26m at 1.45 per cent copper, 0.21g/t gold from 162m, including 12m at 2.23 per cent copper, 0.3g/t gold and 1m at 5.61 per cent copper, 0.84g/t gold; and

EL18D25
17m at 0.34 per cent copper, 0.04g/t gold from 190m and 10m at 0.41 per cent copper, 0.1g/t gold.

J2

EL18D23
20m at 1.1 per cent copper, 0.21g/t gold from 645m, including 2m at 1.57 per cent copper, 0.17g/t gold and 9m at 1.98 per cent copper, 0.4g/t gold;

EL18D24
13m at 0.32 per cent copper, 0.11g/t gold from 369m; and

EL18D25
23m at 0.7 per cent copper, 0.29g/t gold from 400m, including 5m at 1.91 per cent copper, 1.12g/t gold.

“Numerous conductors were identifed mid 2017 as part of the ‘Route 66’ survey, however many were not drilled due to early success at Jericho elevating it to be the primary focus,” Minotaur Exploration said in its ASX announcement.

“The new drill program comprises 13 holes for 4,750m examining ‘Defance’ (to follow up on 1 hole drilled into Defance previously), ‘Bagdad’, ‘Pasadena’, ‘J4’, ‘Clementine’, ‘Winona’ and ‘Navajo’ targets.

“Drilling will operate around the clock until the campaign concludes in November.”

 

Email: admin@minotaurexploration.com.au

Website: www.minotaurexploration.com.au

 

Sheffield Resources Confirms Night Train HM Discovery

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THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) announced results from exploration drilling undertaken at the Night Train prospect at the company’s Dampier mineral sands project near Derby in northern Western Australia.

Night Train is located 20km southeast of Sheffield Resources’ world-class Thunderbird deposit, which forms part of the Dampier project.

Sheffield completed 23 aircore drill holes completed in September as part of an extensive regional exploration drilling program targeting additional large, zircon rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant.

Results include:

DAAC114
27 metres at 5.29 per cent HM from 49.5m, including 22.5m at 6.17 per cent HM from 52.5m;

DAAC147
7.5m at 6.46 per cent HM from 27m, including 4.5m at 9.7 per cent HM from 28.5m;

DAAC102
12m at 4.54 per cent HM from 18m, including 7.5m at 6.15 per cent HM from 19.5m; and

DAAC101
6m at 8.92 per cent HM from 12m.

Sheffield said the latest results had extended the broad, high-grade mineralised intervals at Night Train it had previously identified by a single drill traverse.

At one per cent heavy mineral (HM) cut-off the mineralisation has a strike length of over 4.5 kilometres and a width of up to 1.5km.

Within this is a coherent high-grade zone (at 3% HM cutoff) of up to 22.5m thick (average 7.5m).

Sheffield has, to date, outlined the high-grade zone over an area of 4.5 square kilometres that is open along strike and down dip.

The mineralisation thickens to the south-southwest where it again remains open.

Sheffield indicated it would undertake further mineral assemblage testwork ahead of a maiden Mineral Resource estimate, scheduled for completion in Q1 2019.

“The discovery of additional high grade mineralisation containing high-quality zircon in close proximity to Thunderbird is particularly significant because it has potential to contribute to further growth and product flexibility,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

“This discovery is further proof that the Canning Basin is emerging as Australia’s next major mineral sands province.

“Our recent regional drilling program was extensive and there are many more results to follow.”

 

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au