Galena Mining Confirms Mineralisation Outside Existing Resource

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THE DRILL SERGEANT: Galena Mining (ASX: G1A) released further high-grade lead and silver intersections from four holes drilled as part of a 2018 Infill and Resource development program at the company’s Abra lead project in Western Australia.

Galena Mining said the results from holes AB95 to AB98 confirm high-grade mineralisation 150 metres outside of the Resource it released in March this year and remains open.

Of the new holes, AB95 was drilled as an infill hole within the envelope of the current Mineral Resource and returned results that met the company’s expectations.

Drill-holes AB96, AB97 and AB98 were drilled to test for shallow north western extensions to the Apron Zone outside of the March 2018 Resource.

All three drill-holes intersected high-grade lead mineralisation, including:

AB96
16.2 metres at 9.2 per cent lead and 44 grams per tonne silver, including 4.5m at 15.1 per cent lead, 44g/t silver and 0.9 per cent copper and 6m at 14.5 per cent lead and 28g/t silver;

AB97
6m at 11.8 per cent lead and 19g/t silver; and

AB98
4.6m at 5.9 per cent lead and 19g/t silver.

Galena said the results demonstrated the mineralisation is gently dipping so has interpreted intersection widths to be estimates of true widths.

“These results are very exciting because they confirm high-grade mineralisation extends 150 metres beyond the existing Resource model mineralised area,” Galena Mining managing director Alex Molyneux said in the company’s announcement to the Australian Securities Exchange.

“This bodes well for achieving our Resource development ambitions when we come to publish an updated Mineral Resource estimate.”

Galena has now completed twenty drill-holes (AB82 to AB101) as part of its 2018 Resource Infill and Development drilling program with assays for holes AB99 to AB101 pending.

The company outlined the 2018 Resource Infill and Development drilling program has two aims: (i) to infill areas of existing Inferred Resources with the aim to upgrade the volume Indicated Resources as part of the Pre-Feasibility Study work; and (ii) to test for extensions to the high-grade mineralisation with the aim to upgrade the overall Resource.

 

Website: www.galenamining.com.au

 

Alliance Resources Drilling to Increase Weednanna Resource

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) wasted little time getting back out on the ground with the resumption of RC drilling at the company’s Weednanna gold deposit in South Australia.

The Weednanna gold deposit ispart of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources (ASX: TYX) (24.99%).

Alliance released a maiden Mineral Resource Estimate for Weednanna this week of 1.097 million tonnes at 5.1 grams per tonne gold for 181,000 ounces gold.

Alliance reported it has re-commenced RC drilling at the deposit with the intention of increasing the size of this resource.

During recent resource drilling several high-grade shoots were identified and these will be further delineated to increase the overall resource.

A total of 27 RC holes, for 4,200 metres, is planned to be completed and will consist of:

23 holes, for 3,600 metres, drilled to extend gold mineralisation at Shoots 1, 4, 5 and 5E; and

4 holes, for 600 metres, drilled to test for gold mineralisation associated with a major quartz vein in the immediate hangingwall at Shoot 1, where historic drill hole 00WDRC072 returned 48m at 2g/t gold from 54m, including 7m at 5.4g/t gold from 69m and 2m at 16g/t gold from 98m.

“This drilling program is the first of several drilling programs planned to increase the size of the Weednanna Mineral Resource,” Alliance Resources said in its ASX announcement.

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Alliance Resources Releases Weednanna Maiden Resource

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced a Maiden Mineral Resource Estimate for the Weednanna gold deposit, part of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources (ASX: TYX) (24.99%) in South Australia.

Alliance Resources declared the maiden Mineral Resource Estimate of 1.097 million tonnes at 5.1 grams per tonne gold for 181,000 ounces gold confirms Weednanna as a quality gold deposit with outstanding economic potential.

The company explained that the reported Mineral Resource is that proportion of gold contained within $2,000 pit shells of: greater than 0.5g/t gold and greater than 2g/t gold underground potential.

The company signalled potential to increase the size of the Mineral Resource with further drilling as all 13 modelled gold shoots are open at in at least one direction.

Eighty-three per cent of the Mineral Resource occurs within 120 metres of surface (1,253 ounces per vertical metre) and is readily accessible using open pit or underground mining techniques.

Alliance said potential exists for new gold shoots not included in the current Mineral Resource.

The maiden mineral resource for Weednanna has been delivered 18 months after first drilling by the JV with a low discovery cost equivalent to $7.90 per ounce gold.

“The delivery of a maiden Mineral Resource is a significant milestone for the company and confirms Weednanna as a quality gold deposit with outstanding economic potential,” Alliance Resources managing director Steve Johnston said in the company’s announcement to the Australian Securities Exchange.

“This is the first step towards establishing the Wilcherry project area as an emerging gold-producing district in South Australia.”

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Blackstone Minerals Confirms Multiple Little Gem Targets

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) released results from phase one of a recently completed IP survey at the company’s Little Gem cobalt-gold project in British Columbia, Canada.

Blackstone Minerals said the IP survey identified two new targets showing anomalies with chargeability and resistivity signatures typical of sulfide bearing bodies.

Following its recent discovery of cobalt-gold mineralisation at Erebor, Blackstone has interpreted these new targets to indicate a potential source of the high-grade mineralisation at Little Gem where it continues to unlock the potential for multiple deposits.

Blackstone declared the results from phase one of the recently completed IP survey confirm multiple new targets along the 1.8 kilometre strike target zone at Little Gem.

The IP anomalies are large in scale (up to 800m long and 500m wide) and exhibit chargeability and resistivity signatures typical of sulfide bearing bodies.

The IP targets are shallow, easily accessible and located to the east and west of Little Gem with coincident geochemical anomalies and a favourable structural setting.

Following the latest geophysical and geochemical results Blackstone considers these latest targets to be of highest priority for its next round of drilling at Little Gem.

The Company is nearing completion of a detailed soil sampling program over multiple prospects adjacent to Little Gem, as well as regional reconnaissance sampling targeting some 335 square kilometres of tenure prospective for primary cobalt and gold mineralisation.

“Our first phase of IP survey results confirm the potential for multiple discoveries along the plus-1.8 kilometre strike target zone at Little Gem,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We continue to see a belt-scale opportunity similar to the world class Bou-Azzer primary cobalt district in Morocco.

“We have now surveyed only a small portion of our total tenure and already have two new high priority drill targets showing coincident geochemical and geophysical anomalies.

“The IP anomalies have been elevated to our highest priority targets at Little Gem and will be drill tested at the earliest opportunity.”

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au

 

Pursuit Minerals Generates Swedish Drill Targets

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THE DRILL SERGEANT: Pursuit Minerals (ASX: PUR) has generated drill tet targets from a low-level heli-magnetic survey completed over the company’s Airijoki project in northern Sweden.

Pursuit Minerals explained the purpose of the survey was to map magnetic anomalies associated with vanadium mineralisation.

The company said the heli-mag data located intense magnetic anomalies which extend for a further 3.5 kilometres along strike to the north-east of the vanadium intersections encountered in historical holes.

The results from the heli-magnetic survey have increased the company’s confidence in the potential of the Airijoki project to host a large body of vanadium mineralisation.

“The meta-diabase rock hosting the vanadium mineralisation produces a very high amplitude magnetic anomaly which we can easily locate in the heli-magnetic data and which extends a further 3.5 kilometres to the north-east of drill holes K-AIR1 and K-AIR5,” Pursuit Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.

“Also, directly associated with the heli-magnetic anomaly in the south of the Airijoki project area, are very high-grade rock chip samples which contain up to 1.1 per cent vanadium pentoxide (V2O5) in whole rock samples.

“The high-grade rock chips at surface, the 3.5 kilometre heli-magnetic anomaly and the substantial thicknesses of vanadium mineralisation in historical holes K-AIR1 and K-AIR5, all suggest Airijoki has the potential to host a significant body of vanadium mineralisation.”

 

Email: info@pursuitminerals.com.au

Website: www.pursuitminerals.com.au

 

Silver City Minerals Commences Drilling at Copper Blow

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THE DRILL SERGEANT: Silver City Minerals (ASX: SCI) has commenced drilling at the company’s Copper Blow project, located 20 kilometres to the south of Broken Hill in New South Wales.

Silver City outlined the program, explaining it has been designed to test both magnetic and nonmagnetic targets identified in recent induced polarisation (IP) geophysical surveys.

The company indicated it had received additional encouraging results from a recently completed gradient array induced polarisation survey to the northeast of Copper Blow.

Silver City said earlier drilling encountered intersections of copper, gold and cobalt.

The initial drilling program will comprise two holes, each approximately 450 to 500 metres deep.

One will test for deeper extensions to the copper-gold mineralisation outlined by previous drilling at Copper Blow where mineralisation is hosted in a strongly magnetic ironstone.

The second hole will test a large IP chargeability anomaly located approximately 800 metres to the southeast of Copper Blow.

“The source of this anomaly is unknown but is likely to represent significant sulphide mineralisation,” Silver City Minerals said in its ASX announcement.

“Ground magnetic surveys suggest the rocks in the area of this new IP anomaly are non-magnetic and geological mapping indicates the presence of metamorphosed sediments at surface.

“The 3D IP model however indicates that sulphide-bearing rocks are located more than 100 metres below surface.

“Drilling is designed to test this sulphide zone.”

 

Email: info@silvercityminerals.com.au

Website: www.silvercityminerals.com.au

 

Musgrave Minerals Hits 42m of Gold With First Lake Austin North Drillhole

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) gave the market a reason to get out of bed by announcing assay results from the first two reverse circulation (RC) basement drill holes.

Musgrave Minerals reported the results from the two holes drilled into the A Zone target at the Lake Austin North prospect located three kilometres north of the Break of Day gold deposit on the company’s Cue Project in the Murchison district of Western Australia.

Drill hole 18MORC039 intersected an impressive:
42 metres at 3.2 grams per tonne gold from 108m down hole, including 24m at 5.1g/t gold from 114m, including a higher-grade core of 6m at 12.6g/t gold from 126m.

Musgrave Minerals explained the initial sampling was undertaken using six metre composites with the above intersections encountered within a broad gold halo of lower-grade gold mineralisation of 84m at 1.7g/t gold from 84m depth.

The company noted that the drill hole terminated in low grade gold mineralisation (12m at 0.15g/t gold) and additional follow-up drilling is required.

Drill hole 18MORC040 was collared 75m west of 18MORC039 and intersected a thick broad regolith gold halo assaying:
60m at 0.14g/t gold from 72m down hole and terminated in low-grade gold mineralisation (18m at 0.14g/t gold from 222m down hole to EOH).

This hole terminated in mineralisation at the depth capability of the rig.

Musgrave indicated a diamond tail will need to be completed after the current program to test the downward extent of this high-grade zone.

Drill holes 18MORC039 and 18MORC040 are the first holes into the fresh basement below the A Zone target, which is open to the north, south and down dip.

“This is a wonderful result that demonstrates the potential for the A Zone target to host thick, high-grade gold mineralisation,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The extent of the basement gold mineralisation is not yet defined and is completely open along strike and down dip.

“The result supports Musgrave’s view that Lake Austin North has the potential to be a large, well-mineralised gold system and potentially a new gold discovery for the company.

“The aircore regolith gold halo at Lake Austin North is extensive and we are looking forward to drilling more holes and receiving further assays in coming weeks.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Ventnor Resources Completes Arrowsmith Auger Drilling

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THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has received bulk sampling results from an auger drill program undertaken at the company’s Arrowsmith silica sand project, north of Perth in Western Australia.

Ventnor Resources completed a hand-held auger drilling program of 123 holes to obtain adequate sample for bulk testwork.

A full analysis of all the quality control data has now been assessed, which the company said has validated its hand auger sample assay dataset and conforms with the guidelines for reporting under the JORC-2012 code.

“The results of the preliminary testwork are very encouraging as they achieve the desired glassmaking standard of 99.5 per cent silicon dioxide,” Ventnor Resources managing director Bruce Maluish said in the company’s annouoncement to the Australian Securities Exchange.

“Initial results have supported the decision to undertake further iterations of testwork with additional attritioning and magnetic separation to achieve even higher quality products.

“Final testwork products enable marketing and to support a JORC-2012 compliant Mineral Resource estimation.”

Ventnor expects the ongoing testwork program will also produce enough quantities of products to enable samples to be sent to prospective customers.

The company has already received several enquiries from potential Asian customers.

 

Email: info@ventnorresources.com.au

Website: www.ventnorresources.com.au

 

Bellevue Gold Hits Additional High-Grades

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THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) reported results from infill drilling targeting shallow mineralisation over the Tribune inferred resource estimate area at the company’s Bellevue Gold project in Western Australia.

Bellevue Gold explained the drilling is targeting mineralisation from surface within the top 50 metres.

Results include:

5 metres at 17.3 grams per tonne gold from 46m, including 2m at 40.8g/t gold from 44m;

7m at 8.2g/t gold from 34m, including 4m at 13.2g/t gold from 36m;

3m at 12.4g/t gold from 24m;

3m at 6.9g/t gold from 35m;

4m at 5.1 g/tgold from surface; and

7m at 2.8 g/t gold from 13m.

Bellevue indicated step-out drilling will be undertaken at Tribune to potentially extend mineralisation along strike and at depth.

At the recent Viago Lode discovery, Bellevue tamped up diamond drilling with the addition of a second diamond rig with a third diamond rig to commence at the start of September.

The Viago Shear has so far been defined for 800 metres of strike and is open and sits directly below the Tribune and Bellevue Lodes.

Bellevue has an independent resource estimate upgrade scheduled for Q4 2018 adding to the recently announced 1.9 million tonnes at 8.2g/t gold for 500,000 ounces of gold of JORC inferred resources.

“We are pleased to announce the results of shallow drilling recently completed at the Tribune deposit which demonstrates the high-grade nature of the mineralisation from surface, which bodes well for development access to an eventual underground operation,” Bellevue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Attention of the exploration team has now shifted to defining an initial resource at the exciting Viago discovery and with the addition of two more drill rigs at the Bellevue gold project.

“We intend to hit the Viago Lode hard over the next couple of months, hoping to build on the recently announced maiden resource inventory at the project in rapid time.”

 

Email: admin@bellevuegold.com.au

Website: www.bellevuegold.com.au

 

Corazon Mining Hits High-Grade Cobalt at Mt Gilmore

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) released the first batch of assay results from an ongoing drilling program underway at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining has received assay results from five holes (MGRC041 – MGRC043 and MGRC045) completed at the priority Cobalt Ridge prospect.

The company declared assay results received from three of the holes to be highly encouraging, adding they have identified multiple cobalt-rich lodes within a broader package of mineralisation that identifies the Main Lode at Cobalt Ridge.

A highlight to date is a high-grade result of:

MGRC042
5 metres at 2.14 per cent cobalt within a broader intersection of 27m at 0.47 per cent cobalt from a down-hole depth of 49m.

Corazon has interpreted this result to have identified the faulted-off western extension of the Main Lode, saying it is highly representative of the main target at Cobalt Ridge.

“We are very pleased with these results,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“Cobalt Ridge is an intensely altered, structurally complex system and every drill hole helps us gain a greater understanding of this deposit.

“It’s a hole by hole process, however the results continue to validate and strengthen the company’s belief that Cobalt Ridge has the potential to host a significant sulphide-dominant cobalt deposit, the understanding of which can then be applied to the greater Mt Gilmore project area.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au