Bellevue Gold Encounters Encouraging Hits at Viago Discovery

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) announced recently completed diamond core drilling at the new Viago Lode discovery at the company’s Bellevue gold project in Western Australia.

Bellevue Gold sai the drilling had defined a bonanza grade zone more than 120 metres in the central portion of the new discovery zone, returning results of:

3 metres at 85.9 grams per tonne gold from 597m, including 0.5m at 445g/t;

6.4m at 27.9g/t gold from 587.6m, including 2.8m at 62.8g/t;

6.9m at 18g/t gold from 535.9m, including 0.6m at 203.3g/t; and

2.4m at 36.3g/t gold from 606.8m.

Bellevue said the results had confirmed Viago as a Western Australian Archean high-grade gold discovery that is open in all directions and located less than 150m from the historic Bellevue underground development and workings.

The company intimated a maiden resource estimate could be in place at Viago this quarter, which will add to the recently defined Bellevue gold project resource estimate of 1.9 million tonnes for 500,000 ounces of gold at 8.2g/t gold inferred category resources.

“These latest drill results from the Viago discovery confirm the lode system as being of exceptional quality and grade,” Bellvue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The historic Bellevue Mine was one of the standout high-grade gold mines of the 1980s and 1990s in Australia and the company is now increasingly confident that the Viago and Tribune Lodes will continue that legacy well into the future.

“We look forward to keeping the market informed of progress at this exciting discovery as exploration progresses and we move towards an updated resource estimate this quarter.”

 

Email: admin@bellvuegold.com.au

Website: www.bellevuegold.com.au

 

Blackstone Minerals Confirms Erebor Cobalt Discovery

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced assay results from the Erebor cobalt-gold discovery, located at the company’s Little Gem cobalt-gold project in British Columbia, Canada.

Blackstone Minerals explained that surface rock chip samples had been taken from the Erebor cobalt-gold discovery, located 900 metres along an interpreted ultramafic trend to the south-west of the historic Little Gem adits.

The company declared the high-grade samples represent the first discovery of noteworthy cobalt-gold mineralisation in the region since prospectors found similar mineralisation known as Erythrite in the 1930s by identifying a pink cobalt-bloom on weathered mineralisation which led to the discovery of the Little Gem project.

By confirming high-grade cobalt-gold mineralisation outside of the known mineralisation at Little Gem, Blackstone Minerals believes it has taken a major step towards unlocking the potential for multiple deposits in a region with geology analogous to the Bou-Azzer primary cobalt district in Morocco.

The assays from the Erebor discovery also indicate the presence of nickel mineralisation which is potentially associated with the primary cobalt mineral, skutterudite, which is also associated with the high-grade mineralisation at Bou-Azzer.

High-grade cobalt assays from surface rock chip samples taken from the new Erebor discovery include the following results:

2.3 per cent cobalt, 32 grams per tonne gold and 1.1 per cent nickel

1 per cent cobalt;

1 per cent cobalt;

0.6 per cent cobalt;

0.6 per cent cobalt;

0.5 per cent cobalt; and

0.4 per cent cobalt.

High-grade gold and copper assays were also recorded from surface rock chip samples taken from Erebor including:

16.7g/t gold and 1.6 per cent copper;

10.4g/t gold; and

1.5 per cent copper.

“These high-grade assays confirm the Erebor discovery as the first known occurrence of high-grade cobalt-gold mineralisation in the region since prospectors identified similar mineralisation in the 1930s, which led to the initial discovery of Little Gem,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“The Erebor discovery opens up the potential for multiple targets similar to the Bou-Azzer primary cobalt district in Morocco and combined with the recent IP survey results see the Bridge River Mining Camp emerging as a potential world class cobalt belt located in a tier one mining jurisdiction in British Columbia (BC), Canada,”

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au

 

Musgrave Minerals Hits Thick Gold Intercepts at Lake Austin North

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released further assay results from reverse circulation (RC) basement holes drilled at A and C Zones at the Lake Austin North prospect.

The Lake Austin North prospect sits three kilometres north of the Break of Day gold deposit on the company’s Cue project in Western Australia’s Murchison district.

Musgrave Minerals has interpreted the latest thick zones of gold mineralisation from RC drilling at A Zone at Lake Austin North to be indicating the discovery of a large mineralised gold system.

Results include:

18MORC049
157 metres at 0.55 grams per tonne gold from 90m down hole, including 24m at 1.6g/t gold from 132m and 31m at 1g/t gold from 216m; and

18MORC048
144m at 0.5g/t gold from 84m down hole, including 18m at 1.3g/t gold from 162m.

One metre re-samples of six-metre composites from 18MORC039 confirmed high-grade mineralisation at A Zone, including:

36m at 3.6g/t gold from 111m down hole, including 20m at 6.1g/t gold from 116m, including 5m at 15.3g/t gold from 125m.

Drilling at C Zone also intersected gold mineralisation including:

18MORC050
66m at 0.85g/t gold from 72m down hole, including 6m at 5.1g/t gold from 96m.

Musgrave Minerals said its interpretation of recent RC results suggests high-grade gold mineralisation within A Zone is steeply dipping to the east and many of the initial holes have not tested the interpreted basement target zone.

RC drilling is currently testing this new interpretation and a diamond drill rig is expected to commence late October.

“The thick, extensive gold intercepts continue to support Musgrave’s view that Lake Austin North is a large, well-mineralised gold system and a new gold discovery for the company,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The Lake Austin North A and C Zone both have high-grade cores and drilling is continuing to piece together the geology to trace the strike and dip of the higher-grade gold lodes.

“The mineralisation is open north, south and down dip.

“A diamond drill rig will be on site in the next few weeks to provide drill core through the mineralisation and deeper drilling capacity which will enhance the geological interpretation.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Middle Island Extends Wirraminna Gold Mineralisation

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) advised of assay results from infill and extension RC (reverse circulation percussion) drilling recently completed at the Wirraminna gold deposit, within the company’s wholly-owned Sandstone gold project in Western Australia.

Middle Island’s Wirraminna deposit is situated one kilometre from the company’s 100 per cent-owned, Sandstone 600,000 tonnes per annum gold processing plant.

“The results of the RC drilling have extended the depth potential of the deposit, but are otherwise broadly consistent with expectations and previous drilling results,” Middle Island Resources said in its ASX announcement.

“However, holes drilled to verify historic, broad, high-grade intervals again proved unsuccessful.”

Highlight RC drill intercepts included:

MSRC274
7 metres at 1.76g/t gold from 68m;

MSRC276
6m at 6.62g/t gold from 84m;

MSRC282
14m at 1.82g/t gold from 82m;

MSRC285
14m at 1.8g/t gold from 42m, including 1m at 18.2g/t gold from 52m; and

MSRC291
5m at 2.51g/t gold from 41m.

An existing Mineral Resource estimate for the Wirraminna deposit sits at 550,000 tonnes at 1.3 grams per tonne gold for 23,000 ounces gold (at a 0.5g/t lower cut-off grade).

Around 55 per cent of this is classified as an Indicated Mineral Resource, whilst the balance is in the Inferred category.

 

Email: info@middleisland.com.au

Website: www.middleisland.com.au

 

Intermin Resources Updates Teal Gold Resources

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released an updated Mineral Resource Estimate for the company’s 100 per cent-owned Teal gold project area located northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources completed the upgrade following a drilling program of 182 angled RC holes for 23,545m to downhole depths of between 60 to 270 metres.

The company explained the drilling comprised infill, lateral and depth extensional and new discovery drilling at the Jacques Find, Peyes Farm, Yolande and Teal prospects.

Results were originally released to the ASX between April and August 2018 and included:

JFRC18048
10m at 6.7 grams per tonne gold from 60m;

JFRC18026
8m at 5.70g/t gold from 64m;

JFRC18095
8m at 5.28g/t gold from 64m;

JFRC18042
6m at 6.69g/t gold from 91m;

JFRC18034
3m at 10.28g/t gold from 102m;

JFRC18049
13m at 2.78g/t gold from 90m and 11m at 2.77g/t gold from 73m;

JFRC18038
6m at 4.72g/t gold from 54m and 6m at 4.34g/t gold from 42m;

JFRC18010
37m at 2.16g/t gold from 90m and 9m at 4.45g/t gold from 118m; and

JFRC18129
7m at 4.47 g/t gold from 34m and 12m at 2.33 g/t gold from 105m;

Deeper downhole RC intercepts included:

JFRC18039
8m at 10.31g/t gold from 123m;

JFRC18136
8m at 5.88g/t gold from 124m; and

JFRC18112
5m at 4.49g/t gold from 117m and 7m at 3.46g/t gold from 90m.

Intermin said the updated 2012 JORC Code-compliant Teal project area Mineral Resource shows an 80 per cent increase in ounces compared to the previous Teal Resource.

The company also noted the Mineral Resource for Teal has been depleted to consider the recently completed Teal Stage 1 and 2 open cut developments.

The current Mineral Resource Estimate for Teal now stands at 4.25 million tonnes at 2.11g/t gold for 289,000 ounces at a greater than 1g/t Au lower grade cut-off with various top cuts applied.

“The company commenced the self-funded $4 million, 55,000 metre drilling program in February this year and it has certainly delivered results,” Intermin Resources managing director Jon Price said in the cmpany’s announcement to the Australian Securities Exchange.

“An 80 per cent increase in resources at Teal at a $14 per ounce discovery cost is not only a testament to quality of the assets but also the exploration team who have worked tirelessly on target generation and project priorities.

“With a significant amount of drilling still ongoing at Anthill, Binduli and Blister Dam, the company looks forward to releasing further results and resource updates as we move closer to achieving the significant one million ounce milestone.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Cassini Resources Claims New Near-Mine Discovery at Nebo

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced a new discovery at the company’s West Musgrave project (WMP) in Western Australia.

Cassini Resources said the discovery was made while conducting a program of resource extension drilling at the Nebo deposit within the WMP that is being funded as part of the Earn-in/JV Agreement the company has with OZ Minerals (ASX: OZL).

The JV partners are currently undertaking a Pre-feasibility Study (PFS) on the Nebo-Babel deposits as well as a regional exploration program.

The new high-grade lode position – to be known as that Angie Lode – was discovered by the PFS resource infill drilling, for which several holes had been designed to target potential high-grade extensions of mineralisation on the peripheries of the current Nebo resource.

Cassini has previously reported early success in this program at the H-T Lode at Babel.

The more recent program also targeted positions on the eastern margins of the Nebo deposit with success enjoyed from the first round of drilling.

The most successful of these was been drill hole CZD0084, intersecting:

50.35 metres at 0.62 per cent nickel, 0.54 per cent copper, 0.02 per cent cobalt and 0.15g/t PGE from 170.85m, including a high-grade core of 5.6m at 2.68 per cent nickel, 2.09 per cent copper, 0.09 per cent cobalt and 0.33g/t PGE from 186.95m.

In addition, drill hole CZD0082 returned:

58m at 0.32 per cent nickel, 0.37 per cent copper, 0.01 per cent cobalt and 0.12g/t PGE including 1.9m at 2.69 per cent nickel, 2.44 per cent copper, 0.07 per cent cobalt and 0.48g/t PGE from 202m, together with a broad zone of medium grade disseminated mineralisation.

Nearby holes CZD0080 and CZD0081 returned narrow, but high-grade intercepts of 0.15m at 1.47 per cent nickel, 0.06 per cent copper, 0.06 per cent cobalt and 0.11g/t PGE from 195.3m and 0.75m at 1.40 per cent nickel, 0.50 per cent copper, 0.05 per cent cobalt and 0.23g/t PGE from 263.75m respectively, representing potential strike continuity of at least 550m from CZD0084 through to CZD0081.

Cassini noted that historically there has been a lack of drilling carried out in the south-eastern and eastern margins of Nebo.

Because of this, the south-eastern area was targeted after detailed modelling of Downhole Electromagnetics (DHEM) from the 2017 drill program identified conductive plates that had not been adequately tested by drilling.

“Subsequent DHEM surveys have shown clusters of conductive plates surrounding CZD0082 as well as CZD0080 and CZD0081,” Cassini Resources said in its ASX announcement.

“There is no drilling between these zones and it remains a priority target for further extensional and infill drilling.

“Geological interpretation work on mineralisation controls on the Angie Lode are continuing.”

Cassini explained the high-grade Angie Lode results lie outside the current pit shell design, saying they can be reasonably expected to have a positive impact on future resource estimate and open pit mine optimisation updates.

Follow-up drilling will step 50m either side of CZD0082 testing the extensions of DHEM conductors along strike.

Further drilling is also planned to follow-up CZD084 once DHEM is completed on this hole.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Nusantara Resources Increases Awak Mas Gold Reserves

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THE DRILL SERGEANT: Nusantara Resources (ASX: NUS) announced an upgrade to the Ore Reserve of the company’s 100 per cent-owned Awak Mas gold project in South Sulawesi, Indonesia

Nusantara Resources declared an increase of 1.1 million ounces contained gold for the Awak Mas gold project Probable Reserve at a 0.5 grams per tonne gold cut-off using a US$1250 per ounce gold price.

The new figure has come in at 26.9 million tonnes at 1.32g/t gold for 1.14 million contained ounces.

Nusantara said the Ore Reserve estimate was based on the Mineral Resource estimate reported for the Awak Mas and Salu Bulo deposits in May 2018.

The upgraded Ore Reserve represents an 11 per cent increase in contained gold from the previous Ore Reserve and incorporates all drilling and mine planning completed as part of a Definitive Feasibility Study (DFS).

The company has planning underway for a program of further drilling to lift the resource category to the Measured category in the initial mining areas.

The company believes the closer spaced drilling has the potential for an uplift in grade through the intersection of additional higher-grade vertical zones it says are pervasive through the Awak Mas and Salu Bulo deposits.

The company also indicated that extensions to the proposed Awak Mas, and Salu Bulo pits, and the possible inclusion of the Tarra deposit into the mine plan, represent a near term opportunity to extend the mine life by a further three years.

“The 11 per cent increase in the Ore Reserve will be incorporated in the Awak Mas gold project Definitive Feasibility Study, representing further value improvement in the project,” Nusantara Resources managing director and CEO Mike Spreadborough said in the company’s announcement to the Australian Securities Exchange.

“The new Ore Reserve was based on the results of the completed resource drilling program, highlighting the potential upside in the project as exploration continues.

“This Ore Reserve, combined with the exploration potential of the project, underpins the company’s confidence in delivering the proposed long-life, low cost, stand-alone gold project at Awak Mas.

“The DFS is undergoing final data verification and will be released in late September confirming that the project is technically and financially robust.”

 

Email: info@nusantararesources.com

Website: www.nusantararesources.com

 

Saturn Metals Completes Apollo Hill Resource Expansion Drilling

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from infill and extensional resource drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals said the latest drilling had further extended several thick and higher-grade zones of mineralisation towards the surface within the main Apollo Hill resource area.

Highlights of the recent Apollo Hill resource drilling include:

AHRC0061
23m at 1.76 grams per tonne gold from 124m, including 17m at 2.32g/t gold from 130m;

AHRC0041
46m at 1.11g/t gold from 19m, including 10m at 1.85g/t gold from 25m, and 7m at 2.5g/t gold from 58m;

AHRC0064
22m at 1.08g/t gold from 74m, including 12m at 1.72g/t gold from 78m;

AHRC0063
10m at 2.39g/t gold from 61m;

AHRC0056
22m at 1.02g/t gold from 62m; and

AHRC0064
32m at 1g/t gold from 127m, including 20m at 1.46g/t gold from 127m;

Saturn Metals explained these results will be the last to be received from the infill and extensional resource drilling program that was commenced just after the company listed on the ASX in March 2018.

They will be incorporated with all other results from the program and utilised in the Resource recalculation Saturn is currently undertaking and expects to complete later this year.

“The reported intersections have improved the mineral inventory in the heart of the Apollo Hill Resource area,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“These results, when coupled with other impressive extensional results reported during August, further demonstrate the capacity to improve the development potential of this major gold system.

“Having reported all outstanding results, we are now in the process of incorporating them into a new resource estimate, which we expect to release in the December quarter.”

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Indiana Resources Extends Mali Ground

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THE BOURSE WHISPERER: Indiana Resources (ASX: IDA) has entered a joint venture agreement via the company’s wholly owned subsidiary Mukuyu Resources Limited.

Indiana Resources has struck the JV with Caracal Gold Mali SARL, a wholly owned subsidiary of Cradle Arc plc.

The JV covers the Kossanto West gold project in western Mali, located immediately adjacent to Indiana’s Koussikoto Ouest gold project.

Indiana Resources indicated the JV effectively doubles the land available for exploration activities, bringing the company’s total exploration area in Mali to 263 square kilometres.

Kossanto West comprises two permits, the Kobokoto Est and Koussikoto exploration permits, which cover a total area of 137sqkm, located on the Main Transcurrent Zone, which is interpreted to be one of the structures which controls mineralisation in Western Mali.

Indiana said it is considered an excellent geological and structural location, located within the Kenieba Inlier of Western Mali, which is known to host a number of very large gold deposits, including the Loulou 12.5 million ounce deposit of Randgold Resources and the Sabodala 2 million ounce deposit of Teranga Gold.

“Indiana is pleased to have concluded the JV with Cradle Arc as it provides a low-cost option that is non-dilutive to Indiana shareholders and involves no cash payment, with all expenditure to be committed to exploration,” Indiana Resources CEO Chris van Wijk said in the company’s announcement to the Australian Securities Exchange.

“It is consistent with the company’s stated strategy to increase our interests in Mali and allows Indiana to methodically continue its exploration in the area.

“Our review of the area has indicated that there is strong potential for the results recently returned from Koussikoto to extend further north into the Kossanto West tenement and we are keen to commence activities on the ground next month.”

 

Email: info@indianaresources.com.au

Website: www.indianaresources.com.au

 

Cassini Resources Announces Further Drill Success from Yappsu

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) reported further drilling results from the Yappsu prospect within the West Musgrave Project (WMP) in Western Australia.

Cassini Resources described the hit as the, “second significant intersection of nickel and copper mineralisation at the Yappsu prospect.

The current drilling is beibng funded as part of the Earn-in/JV Agreement Cassini has with OZ Minerals (ASX: OZL) where the JV Partners are currently undertaking a Pre-feasibility Study on the Nebo-Babel deposits as well as a regional exploration program.

Cassini reported that assay results for diamond drill hole CZD0079 confirmed a broad zone of nickel and copper sulphide mineralisation, including:

A narrow, disseminated zone of mineralisation returning 5.75 metres at 0.28 per cent nickel, 0.63 per cent copper, 0.01 per cent cobalt, 0.30 grams per tonne PGE and 0.15g/t gold from 545m;

An underlying broad disseminated zone of disseminated mineralisation of 70.25m at 0.48 per cent nickel, 0.44 per cent copper, 0.02 per cent cobalt, 0.34g/t PGE and 0.08g/t gold from 555.05m.

This includes a massive sulphide zone of 0.8m at 4.39 per cent nickel, 0.11 per cent copper, 0.13 per cent cobalt, 1.45g/t PGE and 0.02g/t gold from 555.75m.

Including the barren interval between the two main zones, the diluted intercept is 80.3m at 0.44 per cent nickel, 0.44 per cent copper, 0.02 per cent cobalt, 0.32g/t PGE and 0.09g/t gold, which is the thickest intercept of mineralisation the JV has drilled to date.

“The thickness, grades and continuity of massive sulphide mineralisation, which has been intersected in almost every hole at Yappsu drilled to date, indicates the overall potential for the system to host additional significant accumulations of massive nickel sulphides,” Cassini Resources said in its ASX announcement.

The intercept in CZD0079 complements an earlier result from CZD0076B, confirming the company’s belief that historical drill holes had not intersected the core of the mineralised system.

“Mineralisation has continuity over 250 metres down plunge and remains completely open at depth and untested by current Downhole Electromagnetic (DHEM) or surface Moving Loop Electromagnetic (MLEM) systems,” Cassini said.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au