Alto Metals Identifies New ‘Valiant’ Gold Anomaly

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THE DRILL SERGEANT: Alto Metals (ASX: AME) received assay results for 336 soil samples collected near four litho-structural targets close to the town of Sandstone in Western Australia.

Alto Metals claims the assays have defined a coherent 15 parts per billion (ppb) gold-in-soil anomaly over 2.5 square kilometres.

The Valiant anomaly lies approximately seven kilometres south-south east of the town of Sandstone in an area that was initially identified as a prime site for gold mineralization by Terra Resources consultant Barry Bourne in 2017.

Four litho-structural targets, No’s. TR09 -TR11 and TR13 were identified when Bourne processed and interpreted the detailed aeromagnetic data flown and/or compiled by Alto over the entire Sandstone project area.

According to Alto, Bourne described the target as, “a break in sediment/mafic stratigraphy with interpreted felsic intrusives”.

“The systematic approach being applied at Sandstone, that is, detailed magnetic surveys to ‘look through’ lateritic cover, interpretation to identify favourable fractured iron rich host rocks, and follow up soil sampling, is potentially outlining new large gold systems,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.

“Drill testing of this latest soil anomaly is awaiting approval from the Department of Mines, Industry Regulation and Safety.”

 

Email: admin@altometals.com.au

Website: www.altometals.com.au

 

Corazon Mining Kicks of Next Drill Phase at Mt Gilmore

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced a new phase of drilling at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining indicated the drilling will initially focus on priority targets within and around the Cobalt Ridge deposit and will also target priority features generated by a recently completed 3D Induced Polarisation (IP) geophysical survey.

Corazon also proposes to progressively drill-test new, priority target areas within the wider project area it has generated during its ongoing regional soil sampling program.

The current geochemical soil sampling program (on a 200 metre by 200 metre pattern) of approximately 3,000 samples over a strike of more than 18 kilometres, along the trend hosting Cobalt Ridge is designed to systematically test favourable basement lithologies for cobalt, copper and gold mineralisation along strike from Cobalt Ridge.

“The soil sampling program has been highly successful, and to date has resulted in the discovery of six high-tenor cobalt-copper-gold anomalies, within a contiguous 10 kilometre strike around cobalt Ridge, plus three high tenor anomalies at the Lantana Downs prospect, located a further two kilometres to the north,” Corazon Mining said in its ASX announcement.

“These anomalies provide the discovery potential for multiple Cobalt Ridge ‘lookalike’ deposits, which would significantly expand Mt Gilmore’s cobalt-copper-gold sulphide endowment; they will be further defined via infill sampling on a 50 metre by 50 metre pattern, before being ranked and prioritised for drilling in the current phase of drilling.”

Corazon anticipates the drilling to be completed in this current quarter and will provide details on the progress of drilling in due course with results to be released as they become available.

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Vango Mining Drilling High-Grade Targets at Plutonic Dome

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THE DRILL SERGEANT: Vango Mining (ASX: VAN) provided an update on drilling of a series of high‐grade gold targets at the Trident and Cinnamon deposits on the company’s 100 per cent‐owned Plutonic Dome gold project in the Mid‐West region of Western Australia.

At the Trdient deposit, three deeper pre‐collared diamond drill holes are underway to test for down‐dip repeats of the Trident flexure or ‘ramp’ structure that hosts most of the high‐grade gold mineralisation intersected to date at the deposit.

Vango mining said the initial drilling will essentially be stratigraphic, in that it will be targeting the shallow dipping ultramafic contact below the over‐thrust granite gneiss on 400 metre step‐outs from the high‐grade core zone.

“Previous drilling and magnetic imagery indicates that the ultramafic rocks that host the Trident deposit continue well to the north of Trident and the intersection of continuations of this stratigraphy will open up potential to substantially increase the Trident resource target zone,” Vango Mining said in its ASX announcement.

The Cinnamon deposit is in the central part of the project area where most of the mineralisation is contained within a conglomerate, associated with the contact between a mafic‐ volcaniclastic/conglomerate footwall and felsic‐volcaniclastic/conglomerate hanging wall.

Vango’s initial plans are to drill two diamond holes into the main mineralised zones to verify previous RC drilling intersections and enhance the geological understanding of the deposit.

This will be followed by a more extensive drilling program to potentially define and extend the thick, conglomerate hosted, mineralised zones.

“Cinnamon is being tested as a high‐priority, additional resource, target that could potentially support the new strategy for a stand‐alone processing operation and also provide an early open pit option,” Vango explained.

 

Website: www.vangomining.com

 

Intermin Resources Drills Encouraging Start at Binduli

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) reported initial 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 commenced a self-funded $4 million, 55,000m drilling program in Frbruary across its 100 per cent-owned Kalgoorlie gold projects focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam gold projects.

In March 2018, the Binduli joint venture tenements were returned to Intermin on a 100 per cent basis with the company commencing an initial 5,000m RC program at the Crake prospect shortly thereafter.

Downhole intercepts received to date from the Crake prospect include;

BRC18020
28 metres at 3.3 grams per tonne gold from 56m, including 4m at 15.1g/t gold from 64m;

BRC18043
20m at 4.57g/t gold from 68m, including 8m at 8.38g/t gold from 80m;

BRC18024
28m at 2.43g/t gold from 104m, including 8m at 5.87g/t gold from 124m;

BRC18034
36m at 1.19g/t gold from 52m;

BRC18027
4m at 3.24g/t gold from 48m, 16m at 1.24g/t gold from 76m and 4m at 1.29g/t gold from 108m;

BRC18029
18m at 1.75g/t gold from 72m; and

BRC18033
16m at 1.81g/t gold from 32m.

Intermin said the results show gold mineralisation exists over a 250m strike length and remains open along strike and at depth.

“To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The Binduli project area now joins Teal, Anthill and Blister Dam as a key asset in our gold portfolio with these drilling results providing growing confidence to accelerate further drilling at Crake and the other four priority prospects within this world class gold producing region.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Alto Metals Drills Shallow Gold Potential at Tiger Moth

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported results from drilling carried out on the Tiger Moth prospect, part of the company’s Sandstone gold project in Western Australia.

Alto Metals advised that twenty-three holes of a 31 hole program at Tiger Moth returned shallow intersections greater than 0.5 grams per tonne gold with 11 holes returning intersections greater than 1g/t gold.

The company explained the short 620m drill program was designed to test the grade and continuity of flat lying laterite gold mineralisation, and to provide samples for metallurgical test work.

Assay highlights include:

SAC126
12 metres at 1.2 grams per tonne gold from 8m;

SAC127
12m at 1.6g/t gold from 8m;

SAC135
8m at 2g/t gold from 8m;

SAC137
4m at 4.7g/t gold from 8m;

SAC138
8m at 7.3g/t gold from 4m; and

SAC143
8m at 1g/t gold from 12m.

A review of past work has also produced the first ever credible model of Tiger Moth that can be tested by further drilling.

“A small proportion of Alto’s 12,175 metre AC program in June included 31 holes at Tiger Moth (total of 620m) to assess the laterite gold mineralisation overlying the Tiger Moth deposit,” Alto Metals managing director Dermot Ryan said in the company’s announcement to the Australian Securities Exchange.

“This new shallow drilling and review of historical drilling has led to a better understanding of the grade and distribution of both the laterite gold mineralisation and the underlying quartz stockwork (saprolite/oxide) hosted gold mineralisation.

“Tiger Moth is just one of a number of deposits at Sandstone where laterite gold mineralisation and saprolite hosted gold mineralisation could potentially be recovered from shallow open pits.”

 

Email: admin@altometals.com.au

Website: www.altometals.com.au

 

Alloy Resources Commences Copper-Gold Targeted Drilling

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THE DRILL SERGEANT: Alloy Resources (ASX: AYR) has kicked off aircore drilling of targets identified from extensional soil and rock chip sampling programs at the company’s Ophara cobalt-gold project in New South Wales.

Alloy Resources conducted the extensional soil sampling program within a seven square kilometre area surrounding the known Great Goulburn cobalt-gold prospect with the aim to assess new areas in the central eastern part of the project where outcropping hills with prospective geology was present.

Rock chip sampling was conducted over these areas as well as in the new eastern sampling area where a small historical shaft working was located.

Alloy reported the rock chip assays confirmed coincident anomalous cobalt-gold and copper at these areas and a small 2,500 metre program of air-core drilling has been designed to test four of the targets.

Drilling commenced last weekend as is progressing at approximately 300 metres per day while further infill soil sampling is being completed at the same time as the drilling.

“Field work is progressing well with two phases of soil sampling and then field checking and rock chip sampling enabling a logical definition of drill targets,” Alloy Resources executive chairman Andy Viner said in the company’s announcement to the Australian Securities Exchange.

“If we can confirm cobalt-gold-copper mineralisation by air-core drilling of these targets then it will open up huge potential on the other soil anomalies that do not have any surface expression.

“The newly located historical workings may also be opening up a different copper-rich mineralised area which is also very encouraging.”

 

Email: info@alloyres.com

Website: www.alloyres.com

 

Aruma Resources Encounters Widespread Gold Mineralisation

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has received the first batch of assay results from recent drilling at the company’s 100 per cent-owned Slate Dam gold project in the Eastern Goldfields of Western Australia.

Aruma Resources completed a Phase 3 drilling program at the Slate Dam project, from which it has received assays for the first eight holes (holes SDRC64 to 71) of a planned 25 hole reverse circulation (RC) drill program, with planned drilling depths of up to 150 metres.

The company declared the first assays from the Phase 3 program to have delivered further results consistent with its sediment-hosted gold model for Slate Dam while confirming the increasing grades to the east at the project.

Highlight results returned to date in the Phase 3 drilling include:

SDRC68
6 metres at 2.43 grams per tonne gold from 15m, within a broader zone of 15m at 1.1g/t gold from 6m.

Aruma explained the current phase of drilling was designed to further expand the Slate Dam gold mineralised system beyond its current mineralised footprint which extends over a total distance of at least four kilometres, and to test for repetitions of mineralisation to the east and west of the current drill defined area.

“Slate Dam continues to develop,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“The broad intersection of strong gold mineralisation to the east of the previously drill defined area is highly encouraging and was a key aim of this phase of drilling.

“The first assay results in the Phase 3 drilling have returned multiple broad zones of gold mineralisation plus further strong grades.

“The significant gold intersection in hole SDRC68 is of substantial importance as it duplicates the similar intersection of 7 metres at 2.1 grams per tonne gold in the nearby drill hole SDRC20 reported in our first phase of drilling.

“This is an important result for the project and we will seek to extend these two near surface gold zones along strike and look for more repetitions to the east in the remaining holes in the Phase 3 program.”

Aruma is svheduled to resume the Phase 3 drilling program with the remainder of the program to focus on extensional drilling designed to expand the Slate Dam gold system and infill drilling of target areas along strike of drill holes SDRC20 and SSRC68, which both host broad zones of gold mineralisation.

The company also advised that Section 18 Heritage clearance surveys in respect of all the leases within the Slate Dam project and Goddards Dam project have now been completed and will be submitted for Ministerial Approval.

 

Email: info@arumaresources.com

Website: www.arumaresources.com

 

Musgrave Minerals Adds Numbers to List of Cue Gold Hits

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further gold assay results from recent regional aircore/reverse circulation (RC) drilling undertaken at the company’s Cue project in Western Australia’s Murchison district.

This time Musgrave Minerals announced results from infill drilling carried out at the Numbers prospect, approximately four kilometres south of Break of Day/Lena that intersected further high-grade gold within sedimentary iron formation below thin hardpan cover.

Shallow gold mineralisation encountered at the Numbers prospect include:

18MORC024
11 metres at 2.45 grams per tonne gold from 28m down hole, including 6m at 4.05g/t gold from 29m;

18MORC025
12m at 2.09g/t gold from 54m down hole, including 1m at 7.65g/t gold from 54m; and

18MORC026
5m at 3.03g/t gold from 61m and 11m at 1.68g/t gold from 93m down hole, including 4m at 2.87g/t gold from 94m.

The Numbers prospect currently hosts a near surface gold resource (JORC 2004 Inferred Resource) of 278,000 tonnes at 2.5g/t gold for 22,000 ounces of gold and has been defined over a 260m strike extent.

Musgrave Minerals said the latest infill drilling will help to enhance its geological confidence in the resource and provide an opportunity for additional follow-up drilling at depth and along strike.

“This is another good result and adds to our understanding and confidence in the Cue project, which continues to deliver on our exploration objective of making new discoveries and growing the resource base,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Further drilling results from the new Lake Austin North, A Zone target are expected in late July.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Corazon Mining Increases Mt Gilmore Cobalt Potential

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is focused on identifying new cobalt-copper-gold sulphide targets within the company’s Mt Gilmore project in New South Wales, including the identification of extensions to the Cobalt Ridge deposit.

Corazon Mining claimed the recent discovery of four substantial cobalt-copper-gold anomalies, resulting in a total of six areas requiring further testing, within a contiguous 10 kilometre strike around the Cobalt Ridge deposit.

This is in addition to three high-tenor Lantana Downs anomalies the company announced in April, located a further 2km to the north.

The company considers the new anomalies to be of some significance, placing them on a par in tenor to the soil geochemical anomaly for the outcropping Cobalt Ridge deposit.

They were defined during an ongoing project-wide 200 metre by 200 metre soil sampling program.

Corazon now intends bringing the spacing in to conduct infill soil sampling to a 50 metre by 50 metre patterns to further define and refine potential drill targets.

The company’s next phase of drilling at Mt Gilmore is expected to commence in early July and will initially focus on infill and extension testing at Cobalt Ridge, and also provide a first-pass test of priority features generated by the recently completed 3D Induced Polarisation (IP) geophysical survey.

“The company plans to complete approximately 14 holes for about 2000 metres of reverse circulation (RC) and core drilling at Cobalt Ridge,” Corazon Mining said in its ASX announcement.

“The drilling contractor has been engaged and is expected to mobilise to site during the first week of July.

“The company will advise the market on the commencement of drilling and provide additional exploration results as they become available.

“The proposed drilling will also progressively test new target areas within the wider Mt Gilmore project area generated by the company’s ongoing regional soil sampling program.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Azure Minerals Reports Initial Oposura Resource

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported an initial Mineral Resource estimate for the company’s 100 per cent-owned Oposura zinc-lead-silver project in Sonora, Mexico.

Azure Minerals declared the Mineral Resource to be based upon 173 diamond drill holes (comprising 16 historical holes drilled by Grupo Minero Puma SA de CV and 157 holes drilled by Azure) and has been estimated and classified as Indicated and Inferred Mineral Resources in accordance with the guidelines of the JORC Code 2012.

The initial Mineral Resource estimate has come in at 2.9 million tonnes at 5 per cent zinc and 2.8 per cent lead for contained metal of 146,000 tonnes of zinc, 82,000 tonnes of lead and 1.6 million ounces of silver.

The company highlighted that 75 per cent of the contained metal is classified in the Indicated Mineral Resource category, saying this provides confidence in the continuity of grade and widths of the mineralisation.

“This initial Oposura Mineral Resource is a very positive outcome for the company’s development and production strategy,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Containing over 220,000 tonnes of zinc and lead and 1.6 million ounces of silver in near-surface, high-grade mineralised zones, Oposura is presenting a strong case for mine development.

“Open pit and underground mine planning and scheduling are now underway.

“The schedules will be used to optimise the proposed plant throughput rate and finalise the capital and operating cost estimates.

“Further information on the results of these studies will become available during the third quarter of 2018.

“Since acquiring Oposura less than a year ago, the company has significantly advanced and de-risked the project.

“Potential risks that have been positively addressed include the Mineral Resource, metallurgical performance and process route, concentrate marketing and transport, environmental baseline studies and access to infrastructure.”

Azure believes the Mineral Resource shows potential for future expansion as the mineralisation remains open in several directions with the most obvious area for increase being the Central Zone, a 500m-wide zone situated between the East and West Zones.

This area has been only lightly tested by historical drilling and the mineralised horizon is present in several drill holes.

Additional upside potential is also present to the north of the Mineral Resource.

The company has further drilling planned for 2018 to upgrade the classification and expand this initial Mineral Resource, and to explore the wider property.

 

Website: www.azureminerals.com.au