Blackstone Minerals Continues High-Grade Run at Little Gem

/in , /by

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) released diamond drilling results from the company’s high-grade Little Gem cobalt-gold project in British Columbia, Canada.

Blackstone Minerals has received assays from the first three drill holes of its maiden drilling program at the Little Gem project, where drilling to date has intersected the Little Gem structure within metres of the interpreted target.

Blackstone has found the Little Gem alteration halo to be larger than it had previously estimated.

The company’s 2018 drilling campaign, to date, has consistently intersected a broad alteration zone, highlighting potential for a major hydrothermal system at Little Gem.

Assay results are pending for the next three holes in the maiden drilling program at Little Gem, however results from the first three drill holes include:

LGD17-001R
1.1 metres at 3 per cent cobalt and 44 grams per tonne gold, within 4.3m at 1 per cent cobalt and 15g/t gold; and

LGD18-002
1m at 1.2 per cent cobalt and 5g/t gold, within 3.2m at 0.8 per cent cobalt and 4g/t gold.

Blackstone has initiated a geophysical survey to test for further high-grade cobalt-gold prospects within a recently identified plus-1.8 kilometre strike target zone at Little Gem and the nearby Jewel prospect located 1.1km north-northeast of Little Gem that is also considered prospective for cobalt-gold mineralisation.

“Results from the first three drill holes have confirmed Little Gem has some of the world’s highest-grade cobalt-gold mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We are looking forward to the next round of assays and results from geophysical surveys to define the full potential of the mineralised system and the extensive alteration zone discovered at Little Gem.”

 

Email: admin@blackstoneminerals.com.au

Website: www.blackstoneminerals.com.au

 

Azure Minerals Encounters High-Grade Gold and Cobalt at Sara Alicia

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has encountered additional high-grade gold and cobalt mineralisation during follow-up diamond drilling on the company’s 100 per cent-owned Sara Alicia project, located in Sonora State, Mexico.

Azure Minerals completed the Stage 2 drilling campaign, comprising 13 holes for 1126.9 metres, which had been designed to test for extensions to the high-grade gold and cobalt mineralisation identified by the company’s 2017 maiden drilling program.

This earlier program intersected up to 26.2m at 9.5g/t gold and 1.26 per cent cobalt.

Mineralised drill intersections from the current program include:

GOLD

DSA-07
3.75 metres at 8.08 grams per tonne gold from 11.8m;

DSA-08
5.9m at 5.5g/t gold from 40.9m;

DSA-14
3.65m at 8.41g/t gold from 0.0m and 19.6m at 8.65g/t gold from 10.65m; and

DSA-15
8.8m at 6.2g/t gold from 6.1m.

COBALT

DSA-14
3.65m at 1.191 per cent cobalt from 0.0m and 24.95m at 0.312 per cent cobalt from 9.15m;

DSA-15
9.5m at 0.481 per cent cobalt from 3.8m; and

DSA-16
16.2m at 0.326 per cent cobalt from 9.15m.

Azure Minerals explained that hole DSA-14 unexpectedly drilled into a mining void, indicating the old mine workings may be more extensive than recorded in the historical data.

The DSA-14 intersection of 19.6m at 8.65g/t gold included a 1.9m mining void from 22.75m to 24.65m downhole.

Drill core samples taken from immediately above and below the void returned high-grade mineralisation of 19.95g/t gold and 0.907 per cent cobalt and 19g/t gold and 1.065 per cent respectively, which the company interpreted to suggest that higher grade material may have been exploited by historical miners.

“The high-grade cobalt mineralisation is hosted within a shoot of massive and semi-massive sulphides that outcrops near the top of the Sara Alicia hill and plunges at a shallow angle towards the northwest,” Azure Minerals said in its ASX announcement.

“This sulphide-rich shoot also contains high-grade gold mineralisation, while drilling has confirmed that gold is widespread in the rocks of the surrounding skarn system.

“The massive and semi-massive sulphides forming the mineralised shoot provide the company with the opportunity to explore for extensions of the gold and cobalt mineralisation by utilising geophysical techniques.

“Azure is planning an Induced Polarisation (IP) survey to trace the subsurface dimensions and orientations of the mineralised zone.”

 

Website: www.azureminerals.com.au

 

Saturn Metals Returns More Positive Apollo Hill Drill Results

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported new near-surface extensional assay results from a Reverse Circulation (RC) drilling program recently completed at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals has now reported all results for the 35 holes it completed during the first phase of RC drilling at Apollo Hill the company has carried out since taking ownership of the project.

Results from the drilling include:

AHRC0029
22 metres at 1.01 grams per tonne gold from 52m, including 11m at 1.49g/t gold from 52m;

AHRC0032
10m at 1.5g/t gold from 49m;

AHRC0034
6m at 2.41g/t gold from 53m;

AHRC0028
34m at 0.45g/t gold from 76m; ad

AHRC0035
12m at 0.45g/t gold from 36m.

Saturn Metals said the returned drill intersections provided further comparisons to historic drill intersections from Apollo Hill.

The company said that when coupled with other recently released drill results (6m at 2.26g/t gold from 11m, and 23m at 1.15g/t gold from 11m), the latest results highlight the potential to increase the scale of the known mineralised system from the current 0.505 million ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9g/t gold.

“These strong drill results have increased our confidence in our ability to grow and improve the Apollo Hill gold system whilst focusing on shallow extensions,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The recent holes provide great additional data on which to base our next resource calculation, which is planned for mid to late 2018.”

Saturn Metals has already commenced a follow-up phase of diamond drilling and further RC resource drilling is being planned for late June 2018.

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Calidus Resources Drilling at Warrawoona

/in , /by

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) commenced a 2018 resource definition drilling program at the company’s Warrawoona gold project, south of Marble Bar in the East Pilbara of Western Austaralia.

Calidus will conduct the dual-purpose program to consist of both Reverse Circulation (RC) and diamond drilling, to expand the existing gold resource base of 712,000 ounces and to verify new targets adjacent to the existing resource.

An initial 30,000m RC resource drilling program has commenced onsite at Klondyke with the objective of growing the Mineral Inventory to in excess of one million ounces at Warrawoona by the end of 2018.

Drilling is focussing on areas the company has ranked in accordance with proximity to the existing Klondyke Mineral Resource including shallow strike extensions and potential for high grade shoot geometries.

“The main focus of our 2018 drilling program is to grow the Resource Inventory to in excess of one million ounces by the end of 2018,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“This would allow the company to push the green light on commencement of a formal pre‐feasibility study.

“Given the outstanding success of our maiden drilling in 2017, we are confident that this is an objective that is readily achievable.

“The resource drilling will concentrate on the shallow, outcropping strike extensions to Klondyke for a distance of 1.2 kilometres east and 800 metres west of the existing resource, nearly doubling the drilled strike of Klondyke to 4.5 kilometres.

“In addition to the growth of along strike ounces at Klondyke, we will shortly undertake an initial reconnaissance drill program on the St George’s Shear that lies 150 metres to the north of Klondyke, is parallel to Klondyke and shares very similar geology to Klondyke.

“We have planned to test this area over a length of four kilometres.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au

 

Lithium Australia Claims German Cobalt Discovery

/in , /by

THE DRILL SERGEANT: Lithium Australia (ASX: LIT) announced the first results of a maiden exploration program undertaken at the company’s fully-owned Eichigt project in Germany.

Lithium Australia said the initial exploration focused on copper-bearing quartz-veins that were subjected to small-scale mining activities during the 16th century.

From these, cobalt and copper mineralisation were encountered, with grades up to 0.6 per cent for cobalt and 0.48 per cent for copper from sample E802G.

“Strong, previously undescribed cobalt mineralisation at surface confirms the limited nature of past exploration,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“The diggings encountered are testimony to the considerable extent of the strike.

“Close to our Sadisdorf lithium project, and on the doorstep of the European EV manufacturers, this cobalt could prove a strategic feed into the burgeoning battery industry.”

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

Draig Resources Hits New High-Grade Zone at Bellevue

/in , /by

THE DRILL SERGEANT: Draig Resources reported results of the completion of the first deeper drill hole carried out at he company’s Bellevue gold project in Western Australia.

Draig Resources explained the drilling had been designed to test an area at the project known as the ‘Gap’ targeting the offset and extension of the historic high-grade Bellevue Lode position.

The drilling, targeting the Bellevue underground mine extension, intersected a new high-grade mineralised gold zone. Results include:

BRDD059
3.4 metres at 10.4 grams per tonne gold from 576.2m within 4.3m at 8.8g/t gold from 575.3m downhole and 5.9m below the main zone and a secondary zone of 0.3m at 44.4g/t gold from 584.3m.

Draig said the results are similar in widths and style of mineralisation to the historical Bellevue mine.

“The company is very excited with this initial drill hole and the high-grade gold mineralisation that has been intercepted,” Draig Resources executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“The drill hole was designed to test the potential of the offset and extension of the Bellevue Lode which historically produced 800,000 ounces at 15 grams per tonne gold down to only 450 metres below surface.

“The new mineralised intercept is only 500 metres below surface and is located 190 metres west of the southern extent of previous underground mine workings.

“The company is highly encouraged by the observed style of mineralisation and grade tenor in the hole, and the significance of the mineralised gold zone is currently being assessed by the technical team.

“The company will now undertake a broad spaced step out drill program within the 1200 metres of untested strike potential of the Tribune Footwall known as the ‘Gap’.”

 

Email: admin@draigresources.com

Website: www.draigresources.com

 

Saturn Metals Kicks Off Apollo Hill Drilling

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) commenced its first drilling campaign at the company’s wholly-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals indicated the program is to comprise of approximately 1,200 metres of diamond drilling in nine holes, designed to test for and further define higher grade plunging shoots within the existing 17.2 million tonnes at 0.9 grams per tonne gold for 0.5 million ounce 2012 JORC-compliant inferred resource.

The drilling is to follow up on recent and historic drilling results the company says has highlighted the potential for stacked, higher grade plunging shoots within the greater Apollo Hill gold system.

Recent RC drilling results include:

AHRC0019
20 metres at 2.5g/t gold from 52m; and

AHRC0026
8m at 3.3g/t gold from 16m.

Intersections from historic drilling include:

2m at 69.6g/t gold from 146m; and

5.3m at 10.3g/t gold from 70.7m.

The diamond drilling has been charged with other objectives, including to identify additional mineralisation and gather geological information for use in the calculation of a new Resource for the project.

Saturn anticipates announcing an upgraded resource in mid to late 2018.

“This program of drilling has been designed to find further evidence of the higher-grade architecture within the large Apollo Hill gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We look forward to having a good look at the geology of the mineralised system in diamond core and to reporting on results in due course.”

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Aruma Resources Extends Slate Dam Gold System

/in , /by

THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) claimed to have increased mineralisation at the company’s 100 per cent- owned Slate Dam gold project in the Eastern Goldfields of Western Australia on completion of a Phase 2 drilling program.

Aruma Resources completed 23 holes of reverse circulation (RC) drilling, from which it claims to have confirmed sediment hosted gold mineralised shoots delineated by the company’s Phase 1 drilling program.

Assay results returned multiple intersections of anomalous gold mineralisation, with more than 50 per cent of completed holes (12 of 23 holes) intersecting gold mineralisation.

Highlights include:

SDRC48
1m at 18.1 grams per tonne gold from surface;

SDRC53
11m at 1.05g/t gold from 27m, including 4m at 1.48g/t gold from 33m; and

SDRC53
5m at 0.847g/t gold from 45m.

Zones of thick mineralisation intercepted, such as:

SDRC50
20m at 0.36g/t gold from 24m.

Aruma emphasised the results from hole SDRC50 from the southern-most line of drilling saying it confirms and extends the presence of stratabound gold mineralisation now extending over a total distance of at least four kilometres.

The company also stresses the thicknesses of mineralisation it intersected to be of key importance, with three intersections of 10 metres or more – including 11m at 1.05g/t gold in the main shoot and 20m at 0.36g/t gold in the south-east extension of the drilled area.

Aruma considers the high-grade result in hole SDRC48 that intersected surface soil and outcrop material as a very strong soil sample that it will follow up in the next round of drilling.

“We continue to be encouraged by the results from our two drilling programs to date at Slate Dam,” Aruma Resources managing director Peter Schwann said in the company’s announcement to the Australian Securities Exchange.

“To take the project from concept to validation and increase its potential to host significant sediment-hosted gold deposits with our first two drill programs completed in the space of just six months, is highly positive for the company and shareholders.

“Drilling has continued to intersect gold mineralisation over a significant portion of our initial target area, and we will now immediately seek to pursue extensions and repetitions, plus higher grade zones, in our next phase of drilling.

“The appraisal of the full 250 square kilometre Slate Dam project area will also be evaluated by geophysical methods successfully used in similar project areas.”

Aruma believes the results from the Phase 2 drill program, in conjunction with results of its first phase drilling and historic drill results from the project, continue to strengthen the exploration model for Slate Dam to host large sediment-hosted gold deposits.

 

Email: info@arumaresources.com

Website: www.arumaresources.com

 

Cassini Resources Identifies West Arunta Drill targets

/in , /by

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received results of an Airborne Electromagnetic (AEM) survey, flownover the company’s West Arunta project in Western Australia.

Cassini Resources said previous geological interpretation of the early stage sedimentary zinc exploration project was limited to a magnetic survey that had been processed to its limits, broad-spaced soil geochemistry and the very sparse geological data gathered from outcrop and drilling in 2016.

The recent AEM survey was able to map the stratigraphic horizons within the sedimentary basin and the ‘Dione Horizon’, which the company considers to be a discrete, sulphide or graphite-rich and perhaps locally mineralised stratigraphic unit within the broader Bitter Springs Formation.

Four datasets now support the conceptual targets at the Janus and Mimas prospects.

“With the addition of the AEM data, the conceptual targets at Mimas and Janus are now each supported by several anomalous features drawn from independent data sets and are clearly the highest priority targets for future drilling,” Cassini Resources said in its ASX announcement.

“A drill program has been designed to test the Janus and Mimas prospects, consisting of approximately 2,000 metres, which will take about two weeks to complete.

“Aboriginal heritage surveys have now been completed, paving the way for the drilling program to commence as soon as possible.

“Costs of the drill program will be off-set by the WA Government Exploration Incentive Scheme meaning shareholders will enjoy exposure to potential short-term exploration success with minimised down-side risk.”

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

BCI Minerals Completes Stage 2 Kumina Drilling

/in , /by

THE DRILL SERGEANT: BCI Minerals (ASX: BCI) released additional results from its Stage 2 drilling program undertaken at the company’s Kumina iron ore deposits in Western Australia.

BCI Minerals explained the Kumina 270-hole Stage 2 drilling was testing several targets.

The program claimed the discovery of the Kumina E and J deposits following on from the company’s discovery of Kumina A in its Stage 1 campaign.

BCI minerals had already released positive Kumina E drilling results and the company declared the latest results to support these results.

Initial results from Kumina J confirm the discovery of another high-grade iron ore deposit.

Best results from Kumina J include:

KRC0134
46 metres at 61.9 per cent iron from surface, including 12m at 63.5 per cent iron from 4m and 44m at 59.8 per cent iron from 50m;

KRC0136
42m at 62.2 per cent iron from 2m, 28m at 59.6 per cent iron from 50m and 14m at 58.7 per cent iron from 82m in hole

KRC0181
48m at 60.6 per cent iron from surface, including 20m at 62.5 per cent iron from 4m and 14m at 58.3 per cent iron from 52m;

KRC0133
32m at 61.6 per cent iron from surface and 38m at 58.6 per cent iron from 40m;

KRC0165
16m at 63.4 per cent iron from surface, including 6m at 65.9 per cent iron from surface;

KRC0158
14m at 63 per cent iron from surface, including 8m at 65.7 per cent iron from surface; and

KRC0164
12m at 64.6 per cent iron from surface.

BCI Minerals has assaying, interpretation and modelling underway as part of a maiden Mineral Resource estimate for Kumina A, E and J, which is due in June.

It also has planning well progressed for a Stage 3 drilling campaign, expected to commence in the September 2018 quarter.

“With these positive drilling results from Kumina J, we have now confirmed the discovery of two high-grade bedded iron deposits on our Kumina tenements in a short period of time,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.

“Kumina has the potential to transform the overall Buckland Iron Ore Project or to be become a standalone operation with higher quality products.”

 

Email: info@bciminerals.com.au

Website: www.bciminerals.com.au