Musgrave Minerals Hits Gold at new Joshua Target

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) made a good start to its regional aircore/reverse circulation (RC) drilling program at the company’s Cue project in the Murchison district of Western Australia.

Musgrave Minerals is drilling to test 10 new high priority gold targets at Cue project.

The company’s first drill hole into the new Joshua gold target approximately 4.7 kilometres south of the high-grade Break of Day deposit, intersected 6 metres at 3.9 grams per tonne gold from 54m down hole in a moderately weathered, sheared mafic with stringer quartz veining.

Musgrave explained the sample is a six-metre composite with one metre samples currently being collected and submitted for individual assay.

The gold mineralisation is open to the north, south and at depth and is within a 450m-long gold-in-soil, surface geochemical anomaly along the Break of Day/Lena shear corridor.

Musgrave has follow-up drilling planned at Joshua as part of the current drilling program.

“This intersection from Joshua is an excellent result from a first pass, shallow drill test and will be followed up with additional drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The target is open for more than 200 metres, both north and south and is on the same mineralised trend as Break of Day and Lena.

“To date, results from this regional program have been exceptional with new gold mineralisation identified at Joshua, Lena North, Break of Day North and Lake Austin North.

“The program highlights the potential of the Cue project to host further gold deposits within this very prospective and well-endowed region with good infrastructure and numerous operating gold plants.

“Drilling is continuing, and we look forward to completing the remainder of the drill program and reporting further results as they are received.”

Musgrave Minerals’ regional drilling program consists of a combination of aircore and shallow RC drill holes to identify new gold mineralisation by testing 10 new near surface targets.

The 12,000m program is approximately 90 per cent complete and is expected to continue for another two weeks, with 50 per cent of the assays received to date.

Next assays are expected in two weeks, with further assays expected through to mid-July.

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Galena Mining Achieves High Lead Recoveries from Abra PFS

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THE DRILL SERGEANT: Galena Mining (ASX: G1A) has completed Pre-Feasibility Study (PFS) metallurgical test-work at the company’s 100 per cent-owned Abra lead project in Western Australia.

Galena Mining said completion of the final locked-cycle processing stages delivered further excellent metallurgical results, confirming very high metal recoveries in a high-grade and clean lead-silver concentrate.

Results exceeded both the company’s expectations and what had been modelled in internal Scoping Study test-work.

Composite samples delivered lead concentrate grades ranging from 69 per cent to 81 per cent (averaging 74.5%) with recoveries between 94 per cent and 96 per cent (averaging 95%).

Galena indicated that the very high lead grades in concentrate achieved by the PFS will aloow the company to increase metallurgical recoveries above 96 per cent if desired while still maintaining an extremely high lead-in-concentrate product.

“This is the most comprehensive level of process metallurgy completed on Abra to date,” Galena Mining COO, and PFS manager Troy Flannery said in the company’s announcement to the Australian Securities Exchange.

“The results not only confirm but exceed positive results from previous work.

“The exceptionally high-grade and clean lead-silver concentrate achieved at very high recovery grades gives Galena great flexibility in optimising throughput and capital cost components of the PFS which is currently underway.

“These results should be viewed as having de-risked the metallurgy component of the current economic study at Abra.

“The finalisation of metallurgy work now paves the way for GR Engineering to complete their work which is already highly advanced on plant and site layout.”

 

Email: admin@galenamining.com.au

Website: www.galenamining.com.au

 

Lithium Australia Lands More German Lithium Hits

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THE DRILL SERGEANT: Lithium Australia (ASX: LIT) claimed verification of cobalt-copper-lithium mineralisation from exploration fieldwork undertaken within the company’s fully owned Eichigt project in Germany.

Lithium Australia said cobalt and copper mineralisation has been encountered in the field with grades of up to 1.47 per cent for cobalt and 0.54 per cent for copper present in Eichigt field samples.

The company highlighted that lithium results from this exploration activity at the project were also elevated – critically, within weathered material – with grades of up to 0.71 per cent lithium oxide (Li2O) received.

LIT declared these results for cobalt and copper confirm polymetallic mineralisation encountered previously within the Eichigt project area, adding that deleterious elements, including arsenic and uranium are very low in concentration.

The cobalt has shown to occur in association with iron-and manganese-as part of a polymetallic gossan formed at surface above an extensive vein system. The oxides are enriched in lithium.

Lithium Australia noted this style of mineralisation has not been previously described in the region.

“The results of the first exploration campaign at Eichigt strongly supports our view that the license area we applied for was neglected during systematic exploration work carried out during the time of the GDR,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“The combination of cobalt, lithium and copper is an indication of the genesis of the mineralised system and the strong possibility of finding source granites and greisen style mineralisation we see nearby at Sadisdorf.

“The historic diggings indicate the strike extent, albeit remaining open.

“The down-dip extensions will be evaluated after delineation of the extent of surface mineralisation.”

The company was granted the 133 square kilometre Eichigt exploration licence in January this year, adding to its existing Sadisdorf project, also in Saxony.

Lithium Australia is farming into a joint venture (JV) with German company Tin International AG.

A 2012 JORC code-compliant Inferred Mineral Resource of 25 million tonnes at 0.45 per cent Li2O (at a cut-off of 0.3 per cent Li2O) was announced for the project in December last year.

Lithium Australia has stated its objective to establish a central processing hub in Europe to support battery production for the rapidly expanding electric vehicle industry.

The company plans to use its 100 per cent- owned SiLeach process to recover lithium from its German projects, should doing so prove economically feasible.

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

Rox Resources Reports Strong Nickel Hits at Mt Fisher

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported assay results from a recently completed diamond drilling campaign at the company’s Fisher East nickel project, located 500km north of Kalgoorlie in Western Australia.

Rox Resources explained the overall aim of the diamond drill program was:

To extend the Musket and Camelwood deposits by testing strong downhole EM anomalies; and

To test a very strong one-kilometre-long EM conductor at Corktree, detected from surface, but not previously effectively drill tested.

Results received include:

MUSKET

MFED080
4.3 metres at 2 per cent nickel from 701.7m, including 0.3m of massive sulphides grading 8.1per cent nickel from 701.7m

CAMELWOOD

MFED076W1
2.4m at 2.4 per cent nickel from 718.3m, including 0.2m of massive sulphides grading 5.2 per cent nickel from 718.9m, and

MFED081
0.3m at 7.5 per cent nickel of massive sulphides from 288.8m.

“We are very pleased with the results from this Fisher East diamond drilling program,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“The result at Musket broadens the prospective area for drilling and indicates that mineralisation extends to at least 700 metres depth.

“In addition, the two drill holes at Camelwood have also indicated that the nickel sulphide system at Camelwood is more extensive than that currently contained in our existing resource.

“At Fisher East our continuing overall aim is to make a new game changing massive nickel sulphide discovery through exploration, while at the same time increasing resources at known deposits and continuing to assess development options.

“This latest drilling program has moved that goal forward, and we now know that the nickel sulphide systems at Musket and Camelwood are extensive and offer significant potential to develop a large resource base.

“Furthermore, we are encouraged by recent positive moves in the nickel price and the realisation that demand for electric vehicles and other batteries is going to put a lot of pressure on the class 1 nickel supply in the years ahead.

“Rox continues to position itself strongly by holding highly prospective nickel sulphides projects, and an extremely healthy cash balance.”

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

 

Peel Mining Scores Further Southern Nights High-Grades

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further positive drilling and geophysical results from the company’s 100 per cent-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales.

Peel Mining declared the project to be rapidly emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years.

The company recently received assay results it said had continued to add high-grade mineralisation to the Southern Nights mineral system.

Recent drilling has focused on testing at deeper levels at Southern Nights and in the Wagga Tank-Southern Nights corridor and was successful in intercepting the critical host stratigraphic units, with mineralisation observed in all drillholes.

Latest Southern Nights highlights include:

WTRCDD075
13.1 metres at 5.49 per cent zinc, 1.53 per cent lead, 0.39 per cent copper, 31 grams per tonne silver, 0.51g/t gold from 259.8m;

WTRCDD106
46.4m at 3.91 per cent zinc, 1.51 per cent lead, 60g/t silver, 0.17g/t gold from 227.6m, including 18.9m at 7 per cent zinc, 2.74 per cent lead, 112g/t silver, 0.35g/t gold from 227.6m;

WTRCDD108
11.9m at 3.02 per cent zinc, 1.39 per cent lead, 203g/t silver from 240m, including 7.4m at 4.88 per cent zinc, 2.08 per cent lead, 311g/t silver from 241m; and

WTRCDD122
42.45m at 1 per cent copper, 18g/t silver, 0.35g/t gold, 0.3 per cent zinc, 0.14 per cent lead from 483.55m, including 10m at 1.94 per cent copper, 30g/t silver, 0.61g/t gold, 0.14 per cent zinc, 0.13 per cent lead from 496m.

Follow-up drilling at the Fenceline prospect also encountered further mineralisation that remains open along strike and down-dip.

First-pass drilling at The Bird, located about 1.5km north of Fenceline, returned anomalous geochemistry confirming that base metal mineralisation is associated with the chargeable geophysical IP target.

Follow-up drilling at Fenceline returned:

TBRC029
8m at 6.29 per cent lead, 33g/t silver, 0.94g/t gold from 94m;

TBRC030
6m at 2.62 per cent lead, 18g/t silver, 1.76g/t gold from 97m; and

TBRC033
3m at 5.41 per cent zinc, 2.78 per cent lead, 0.25 per cent copper, 43g/t silver, 0.15g/t gold from 159m.

“A comprehensive geophysical review has recently been completed, identifying multiple targets in proximity of the Wagga Tank-Southern Nights-Fenceline prospects,” Peel Mining said in its ASXX announcement.

“Systematic drill testing of these targets is planned in the coming months.

“First-pass metallurgical testwork is also continuing.”

 

Email: info@peelmining.com.au

Website: www.peelmining.com.au

 

Alliance Resources Completes First Gundockerta South Drilling

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) has completed the first phase of gold-focused aircore drilling at the company’s Gundockerta South project for gold, located 72 km east of Kalgoorlie, Western Australia.

Alliance Resources considers the project to be prospective for greenstone-hosted orogenic gold deposits.

The company completed a 66-hole aircore drilling program, totalling 3,007 metres, over the northern part of the target zone at the Gundockerta South project.

This first phase of aircore drilling was designed to test for low-level gold in regolith anomalism beneath gold in soil sample anomalism that can be used to vector towards a primary gold deposit.

All holes were drilled vertically on a 160 metre by 640 metre spaced grid and the average depth of drilling was 46m.

Four metre composite scoop samples have been submitted for gold and base metal analyses with results expected in approximately four weeks.

“The target zone overlies a flexure in the interpreted position of the Railway Fault where it truncates mafic and felsic volcanic rocks against younger Penny Dam Conglomerate,” Alliance Resources said in its ASX announcement.

“Given the size of this gold anomaly, the surface cover conditions and proximity to a flexure in a major fault truncating rocks of differing rheology contrast, this target has the potential to host primary gold mineralisation.

“Planned work includes completing aircore drilling over the southern part of the target zone in FY2019.

“Infill drilling will be dependent on the results of this first phase of drilling,”

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

 

Metalicity Sharpens Battery Metal Focus

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THE DRILL SERGEANT: Metalicity (ASX: MCT) announced a sharpening of its focus on battery metals exploration within it’s the company’s prospective landholding in Western Australia.

Metalicity recently agreed to terms for the sale and purchase of the company’s base metal (zinc) projects for a TXS-V listed IPO, Kimberley Mining.

Metalicity has recently completed exploration programs across its Pilbara lithium and Yerrida cobalt projects with the purpose of generating new drill targets and drill testing existing targets, from which assay results and evaluation is due shortly.

At the same time, the company commenced a battery metals project generation program in WA from an extensive geological database it has compiled over the past two years and is currently evaluating a pipeline of additional battery metals exploration opportunities with an update on this program due shortly.

“We are pleased with the terms for the sale agreement of our base metals projects, with the company planned to be well-funded and still leveraged for additional upside at Admiral Bay,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“We are strategically refocussing the company to deliver value from our highly prospective and underexplored battery metals projects.

“Exploration programs have recently been completed with the purpose of generating new drill targets for a more systematic exploration program.

“The company is concurrently evaluating a pipeline of new additional battery metal opportunities with strong support from battery metals company Shanghai Metals.”

 

Website: www.metalicity.com.au

 

Cassini Resources Commences WMP Regional Drilling Campaign

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) is making progress on a regional exploration program underway at the West Musgrave Project (WMP) in Western Australia.

Cassini Resources is managing the exploration strategy program, which is funded as part of the Earn-in/JV Agreement the company has with OZ Minerals (ASX: OZL).

Under the Agreement, $4 million has been allocated for regional exploration during the current stage, which includes an ongoing Pre-Feasibility Study (PGS), with a further $4 million available during the next stage of the JV should OZ Minerals progress.

“The regional exploration strategy, managed by Cassini, is designed to identify additional high-value ore outside the Nebo-Babel deposits to complement the proposed mining operation,” Cassini Resources said in its ASX announcement.

“To achieve this, the company has identified a number of priority targets with the potential for providing high-grade nickel and/or copper mineralisation.

“The immediate priorities for 2018 program will be to follow-up the One Tree Hill discovery made in 2017, the Yappsu prospect, and further drilling at the Succoth copper deposit.”

Cassini has had Moving Loop Electromagnetic (MLEM) and Fixed Loop Electromagnetic (FLEM) surveys carried out to assist with drill targeting at the One Tree Hill and Yappsu prospects.

The new survey improved the MLEM response over the known mineralisation at Yappsu demonstrating a strong, discrete, late-time anomaly with a NW-SE trend yet the DHEM models could not fully explain the observed MLEM response.

“The new MLEM survey has provided additional confidence to drill targeting,” Cassini said.

“The primary target remains the confluence of DHEM plates from previous drilling.

“It is noted that the previous drilling has not tested the core of these conductors, yet holes have still returned significant mineralisation.

“The implication is that the core zones of the plates, all of which exhibit high modelled conductance, may consist of thicker and/or higher grade massive/matrix sulphide mineralisation.

“Drilling to test these conductors is now underway.”

At One Tree Hill, the MLEM survey defined a late-time conductive trend considered to be consistent with the position and depth of the known massive sulphides at the deposit.

The data has been interpreted to suggest that the small massive sulphide body defined by DHEM surveying was resolved from the surface, providing the company with confidence in other anomalies identified by the survey.

“The MLEM data suggests that the known massive sulphide mineralisation could extend as a narrow (less than 30m) zone over a strike extent of more than 700 metres in a NW-SE trend, perpendicular to general stratigraphy,” Cassini continued.

“There are a number of other interesting features in the survey, particularly a synclinal feature in the NE of the survey area.

“Conductors in this area are currently poorly constrained and require further evaluation.”

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Corazon Mining Encouraged by Mt Gilmore Cobalt Exploration

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) updated the market on current exploration activities being undertaken at the company’s Mt Gilmore project in New South Wales.

Corazon Mining said the exploration it currently has underway comprises systematic geophysical and surface geochemistry programs looking to test extensive areas of the project as quickly as possible.

The company indicated its priority objectives include identifying extensions to the cobalt-copper-gold sulphide mineralisation at the project’s main prospect, Cobalt Ridge, as well as defining new targets within the greater Mt Gilmore project area.

The results of a recent geochemical soil sampling program identified a new high-tenor gold (+cobalt) anomaly at Nettle Creek, two kilometres south of Cobalt Ridge.

The main gold anomaly is approximately 700 metres by 500 metres in area and open, peaking at 690 ppb gold, with the background gold assay value being less than 2 ppb.

“This discovery exemplifies Cobalt Ridge’s blue-sky potential for cobalt-copper-gold sulphide deposits within the Mt Gilmore project,” Corazon Mining said in its ASX announcement.

At the Cobalt Ridge prospect, a detailed 3D IP geophysical survey has been completed, which was designed to map drill defined sulphide mineralisation at depth and laterally along strike, particularly under thin cover to the east.

“Initial assessment of the preliminary 3D IP data indicates the data is of high quality, and several primary anomalies have been delineated,” Corazon said.

“The significance of this will be defined via detailed final interrogation, processing/3D inversion efforts currently in progress and expected to be completed in early June.

“The observed anomalism may be indicative of sulphide mineralisation at Cobalt Ridge.”

The company has also had an aeromagnetic survey carried out over a large area of the Mt Gilmore project, as a first pass prospecting tool to focus in on more detailed exploration.

The survey delivered high-quality data highlighting distinguishable features associated with the project’s current areas of known mineralisation.

“Additional processing and target generation in preparation for the next phase of drilling is underway,” Corazon explained.

“This work is expected to be completed in the coming weeks and is anticipated to help deliver high priority targets for the upcoming phase of drilling.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au

 

Aruma Resources Kicks of Third Slate Dam Drilling Phase

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has commenced a third phase of drilling at the company’s 100 per cent-owned Slate Dam gold project in the Eastern Goldfields of Western Australia.

Aruma Resources plans to complete approximately 3,000 metres of reverse circulation (RC) drilling across a total of 25 holes in this phase of drilling, with planned drilling depths of up to 150m.

Drilling is expected to be completed in mid-June with results to be released as they become available.

Aruma outlined the program saying it is intended to target priority areas to the north and south of the currently drill defined shoots at Slate Dam.

It is also designed to extend the Slate Dam gold mineralised system and will seek to identify repetitions of the mineralised system to the east and to the west of the current drill defined area.

Specifically, the program will include:

Eight holes to target gold extensions to the north of current drill defined area;
Six holes to target gold extensions to the south of the new S2 gold shoot discovered in Phase 2 drilling;
Nine holes to seek repetitions of Slate Dam mineralised system to the east of the current drill defined area; and
Two holes to seek repetitions of Slate Dam mineralised system to the west of the current drill defined area.

“We are highly encouraged by the results of our two drilling programs to date at the Slate Dam gold project,” Aruma managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“Drilling has successfully taken the project from concept to validation and has continually expanded the gold mineralised system at Slate Dam.

“The next phase of drilling will commence immediately…with the aim of extending the significant current mineralised system and also seeking to discover new gold mineralised shales to the east and west of the initial drill defined area.”

 

Email: info@arumaresources.com

Website: www.arumaresources.com