Investigator Resources Revises Nankivel porphyry copper target

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) completed three reverse circulation percussion(RCP) holes to test the Trojan Induced Polarisation target within the company’s 100 per cent-owned Peterlumbo tenement in South Australia.

The tenements are five kilometres southeast of Investigator Resources’ 42 million-ounce Paris silver project.

Investigator drilled the three 400m-spaced reverse circulation percussion in mid-February 2018 to test the large Trojan IP target.

The drilling intersected pyritic metasediments without visible copper sulphide.

Investigator said the pyritic metasediment can be interpreted as the southern pyritic halo to Nankivel porphyry system and, as a result, has revised the location of the project’s central copper-prospective zone.

The company is now awaiting assay results to allow it to investigate metal ratio vectors to potential adjacent targets.

For now, Investigator’s focus will continue to advance the Paris silver project with.

Upcoming work to follow a four-hole program of deeper RCP drilling completed last week in the prospective south-eastern Paris extension will consist assessment of an Induced Polarisation survey completed in early February for satellite silver targets with further drilling planned in March at Paris and satellite targets.

“The drilling showed the strongest IP anomaly in the Nankivel porphyry system results from pyrite in network fractures and quartz veining and is interpreted as the outer pyritic zone to the system,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“This implies the drilling has overstepped any copper-prospective centre to the system, north of and most likely significantly deeper than the recent drilling.

“Investigator will not undertake any further sole exploration on the Nankivel project.

“A Joint Venture partner will be sought to fund further exploration.

“Investigator will continue to focus on the nearby Paris silver project.

“Following the Trojan program, four holes were also recently completed with the larger RCP drill rig in the south-eastern Paris extension zone.

“Assays are awaited.”

 

Email: info@investres.com.au

Website: www.investres.com.au

 

Venture Minerals Identifies Priority Ultramafic Target

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) claimed discovery of an additional ultramafic target near the recent Quicksilver nickel-cobalt discovery of Golden Mile Resources (ASX: G88), east of Perth in Western Australia.

Venture Minerals pointed out that its Pingaring project is located just four kilometres along strike to the south-east of the Quicksilver discovery.

The Pingaring project now contains 150 strike kilometres of ultramafic targets, which Venture Minerals has interpreted to be the same host unit that the Quicksilver nickel-cobalt deposit sits within.

The company has identified a new ultramafic target that extends over five kilometres and has been interpreted to be the ultramafic core of a layered mafic-ultramafic intrusion which are prospective for nickel, cobalt and copper sulphides.

Venture Minerals explained the discovery came from reconnaissance surface sampling throughout the westernmost tenement of the project, which also confirmed the other interpreted ultramafic targets.

The company said its interpretation of the ultramafic core is supported by +1200ppm chromium and anomalous platinum, palladium and gold laterite samples as well as detailed aeromagnetic data.

“This new target has now become a priority for Venture at Pingaring,” Venture Minerals said in its ASX announcement.

“Venture has a dominant land position within an emerging new nickel-cobalt province in Western Australia and upon successful granting, the company will commence a detailed surface mapping and sampling program to define priority drill targets.”

 

Email: admin@ventureminerals.com.au

Website: www.ventureminerals.com.au

 

Xanadu Mines Encounters Further Mineralisation at Stockwork Hill

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THE DRILL SERGEANT: Xanadu Mines (ASX: XAM) is conducting an exploration program targeting extensions of high-grade copper and gold mineralisation along strike and below current resources at the company’s Kharmagtai copper and gold project located in the South Gobi region of Mongolia.

Xanadu Mines recently carried out drilling on the Stockwork Hill deposit, which it claims to confirm high-grade extensions below the current resource.

Results include:

KHDDH448
230 metres at 0.5 per cent copper and 0.91 grams per tonne gold (1.09 per cent copper equivalent (CuEq)) from of 574m, including 117.5m at 0.76 per cent copper and 1.63g/t gold (1.8% CuEq) from 624.5m, including 71.2m at 0.92 per cent copper and 2.33g/t gold (2.41% CuEq) from 684m.

The company said that increasing bornite mineralisation down hole indicates the drilling is nearing the higher-grade core of the deposit.

The drilling suggests that he Stockwork Hill and White Hill systems begin to merge at depth, which Xanadu believes could increase resource potential.

Other drilling carried out at Target 19 encountered porphyry mineralisation and has confirmed the deposit as a new shallow porphyry copper discovery, 1.5 kilometres west of White Hill.

Results include:

KHDDH435
213.4m at 0.23 per cent copper and 0.17g/t gold (0.34% CuEq) from 86m, including 130.3m at 0.29 per cent copper and 0.22g/t gold (0.43% CuEq) from 130m, including 16m at 0.47 per cent copper and 0.39g/t gold (0.72% CuEq) from 200m.

Mineralisation at Target 19 remains completely preserved at depth, again indicating resource potential.

Xanadu said the results continue to confirm the Kharmagtai project as a district scale trend with potential to host further copper-gold discoveries.

Xanadu signalled its intention to resume exploration drilling of high-grade gold and copper targets at its Red Mountain project in March.

“What really sets our geology team apart from other explorers is our porphyry copper expertise, which is demonstrated in this new round of results where extensional drilling has significantly increased the footprint of the Kharmagtai porphyry system and where we continue to add high-grade tonnes to the existing resource,” Xanadu Mines managing director and CEO Dr Andrew Stewart said in the company’s announcement to the Australian Securities Exchange.

“We are particularly excited in the latest scout drilling at Target 19 where we have intersected broad zones of new copper porphyry mineralisation 1.5 kilometres west of the large White Hill deposit.

“This could provide another shallow, low strip ratio discovery within the district.”

 

Website: www.xanadumines.com.au

Aruma Resources Expands Gold System at Slate Dam

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) announced results from a maiden RC drill program at the company’s Slate Dam gold project in the Eastern Goldfields of Western Australia.

Aruma Resources said the results, in conjunction with historical drilling assay results from the project area, have defined a new, very large gold system at Slate Dam.

The drill program defined two major gold shoots, hosting gold mineralisation, extending over 500 metres along strike to the north (North Shoot) and over 500 metres along strike to the south (South Shoot).

Both remain open in all directions.

It also defined interpreted tabular 20-metre-thick zones of gold mineralisation dipping at 30 degrees, extending from surface to a depth of approximately 200 metres.

These also remain open at depth.

Drill Intercepts include:

SDRC020
24 metres at 1.04 grams per tonne gold from 8m, including 16m at 1.35g/t gold from 11m, including 7m at 2.05g/t gold from 11m;

SDRC006
5m at 3.79g/t gold from 10m;

SDRC011
11m at 1g/t gold from 91m;

SDRC017
4m at 2.19g/t gold from 91m; and

SDRC037
5m at 1g/t gold from 15m.

“Aruma will now plan for its next phase of drilling as a priority to test new targets identified in the area of the recently discovered new geochemical anomalies, to the north of the company’s previous drilling, Aruma Resources said in its ASX announcement.

“The upcoming drilling will be designed to continue to expand size and scale of the already very large Slate Dam gold system.”

 

Email: info@arumaresources.com

Website: www.arumaresources.com

 

Musgrave Minerals Defines New Gold Targets at Cue

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the completion of a regional gravity survey recently on the company’s Cue tenements in Western Australia’s Murchison district.

Musgrave Minerals said the survey highlighted 10 new high priority gold targets for drill testing.

The company has had the gravity data integrated with existing aeromagnetic, geochemical and historical drilling information to define targets along the prospective 20-kilometre long corridor.

Seven of the targets have historical broad-spaced aircore or rotary air blast (RAB) drill holes that returned anomalous gold in assay results.

The Lake Austin North gold target is a one-kilometre-long regolith gold anomaly interpreted to be on a parallel shear to the Break of Day/Lena shear zone under lake sediments.

Historical aircore drilling from 2002 intersected:

MOAC153
4 metres at 8.1 grams per tonne gold at 87m vertical depth that is open to the north and has not been followed up.

The target is only three kilometres north of Break of Day.

The West Island target is a 500m long gold target interpreted to be on a parallel shear to the Break of Day/Lena shear zone under lake sediments.

Historical aircore drilling from 2006 intersected 4m at 2.7g/t gold at 107m down hole, but no follow-up basement drilling has been conducted.

The target is eight kilometres north of Break of Day.

The Lake Austin target is a 500m long gold target interpreted to be on the continuation of the Break of Day/Lena shear zone under shallow lake sediments.

Historical aircore drilling from 1996 intersected 7m at 1g/t gold at 24m down hole but no follow-up basement drilling has been conducted.

The target is only one kilometre north of Break of Day.

Musgrave said the gravity data defined a parallel shear zone approximately 600m west of the Break of Day/Lena shear which has not been drill tested.

Planning is currently underway to commence drill testing of these targets in April.

“The integration of the new gravity data has significantly improved our interpretation of the geology at Cue and provided great assistance in defining and prioritising new targets for drill testing,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“A number of the targets have an analogous setting to the two million-ounce Great Fingall deposit, 30 kilometres to the north.

“These are excellent targets and an opportunity for the company to make a game-changing discovery.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

 

Metalicity Commences Napier Range Exploration Activities

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THE DRILL SERGEANT: Metalicity (ASX: MCT) has commenced exploration activities on its recently-acquired Napier Range zinc project in Western Australia.

Metalicity said the activities, along a four-kilometre strike of zinc targets, follows the completion of an institutional placement.

The company is refining high-priority targets from recent field mapping, rock chip sampling, drill hole database review and resource block model review for an upcoming drilling program.

This will include a diamond and RC resource and exploration drilling program to commence in concert with an approved program of works (POW), targeting a June Quarter start.

Resource targets within the existing Mineral Resource Estimate (MRE) of 750,000 tonnes at 5.8 per cent zinc, 7.2 per cent lead, 54 grams per tonne silver (13.6% ZnEq) will be targeted with the intent to progress the existing Inferred MRE to the Indicated category.

Exploration targets outside of the resource along the 4km strike extent will be tested for new mineral discoveries including three of nine targets the company has defined to date.

“We are very excited to commence exploration including an aggressive drill program at the Napier Range zinc project which already contains a high-grade near surface resource as well as three of nine excellent high-grade exploration targets identified to be drill tested along a four-kilometre strike extent,” Metalicity managing director Matthew Gauci said in the company’s announcement to the Australian Securities Exchange.

“A POW has been approved by the Department of Mines and, weather permitting, we aim to be drilling during the June Quarter to increase the inferred resource category to indicated while, importantly, testing some high-grade exploration targets which have not been the subject of systematic exploration, and bodes well for new high-grade zinc discoveries.”

 

Website: www.metalicity.com.au

 

Cassini Resources announces imminent West Musgrave Exploration

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced an exploration program is set to commence at the West Musgrave Project (WMP) in Western Australia.

Cassini Resources explained the WMP is entering the second stage of the Earn-in/JV Agreement with OZ Minerals (ASX: OZL) that comprises a $15 million Pre-Feasibility Study for the Nebo-Babel deposits, with a concurrent exploration program of $4 million.

A further $4 million is also available during the next stage of the Joint Venture, for a total minimum of $8 million exploration spend over a maximum time of 2.5 years as part of OZL funded Earn-in/JV, with additional $4 million in next Stage.

Initial targets include the Yappsu prospect, which Cassini describe as being a Nebo look-a-like.

“(Yappsu was) Discovered in 2009, drilling initially targeted a surface moving loop electro-magnetic (MLEM) anomaly, with several holes intersecting a thick zone of disseminated mineralisation and importantly, including zones of high-grade massive to breccia nickel sulphides,” Cassini said in its ASX announcement.

“Platinum and palladium grades are significantly higher than Nebo and Babel and are potentially indicative of a higher tenor system.”

Previous results from Yappsu include: 2.55 metres at 2.42 per cent nickel, 0.48 per cent copper massive sulphide within 44.3m at 0.49 per cent nickel 0.48 per cent copper.

The upcoming work will also chase high-grade extensions at Babel to follow up earlier results that included:

BW3
25.1m at 0.94 per cent nickel 0.94 per cent copper.

“BW3 is the highest conductance DHEM plate in the entire Babel deposit and strikes over 300 metres, extending 230 metres to the west of WMN4049 which has not had any further drill testing,” Cassini said.

“The limit to the extent of the BW3 plate model is only constrained by distance from adjacent holes. Therefore, there is no conceptual reason why this mineralisation could not continue down-plunge.”

In early 2017, Cassini announced the discovery of copper mineralisation at One Tree Hill, approximately 13km southwest of Nebo-Babel.

This was only the 5th hole at the prospect targeting an off-hole conductor from an earlier hole drilled by Cassini in 2015.

The company will follow up the intersection of 3.2m at 2.16 per cent copper, 0.58 per cent nickel massive sulphide within 34m at 1.05 per cent copper with surface and downhole EM programs designed to generate new targets.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Thundelarra Drills Further Promise at Transylvania

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THE DRILL SERGEANT: Thundelarra (ASX: THX) updated the market on recent diamond and reverse circulation drilling carried out at prospects, including Transylvania and Battery, that form part of the company’s Garden Gully gold project near Meekatharra in Western Australia’s Murchison Province.

Thundelarra completed 20 reverse circulation (RC) holes and one diamond hole to test targets at four Garden Gully prospects.

New intersections encountered at Transylvania (downhole widths) returned:

TGGRC123
3 metres at 8.3 grams per tonne gold from 68m, within 8m at 3.3g/t gold from 67m.

New intersections at Battery (downhole widths) returned:

TGGRC137
4m at 2.6g/t gold from 52m, within 6m at 1.9g/t gold from 52m.

The results follow previously announced intersections at Transylvania of:

TGGRC044
2m at 4.4g/t gold from 108m, within 7m at 1.3g/t gold from 107m; and

TGGRC022
2m at 6.1g/t gold from 106m, within 6m at 2.8g/t gold from 103m.

And previously announced intersections at Battery of:

TGGRC053
4m at 3.3g/t gold from 164m, within 8m at 2g/t gold from 164m.

“Evaluation of new data from drilling at Transylvania, Battery, South Crown and Granite Well continues to support the possible existence of a large mineralised system at depth beneath Garden Gully, acting as a single source for the mineralisation at these prospects and at Lydia and Crown Prince,” Thundelarra said in its ASX announcement.

“Next drilling programs will work towards delivering maiden resources at both the Crown Prince and the Lydia prospects and at identifying new mineralised structures to contribute to the Garden Gully project’s inventory.

“Results from over 26,000 metres drilled in 141 holes (23,556m RC; 2,523m DD) since mid-2016 continue to support the potential for a major new gold discovery at Garden Gully, located in one of Western Australia’s most productive gold provinces.”

 

Email: info@thundelarra.com.au

Website: www.thundelarra.com.au

 

Azure Minerals to Resume Drilling at Sara Alicia

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) is set to commence a second diamond drilling campaign on the company’s 100 per cent-owned Sara Alicia gold-cobalt project in the northern Mexican state of Sonora.

Azure Minerals explained the drilling is being carried out to follow up on the company’s successful 2017 maiden drilling program, in which all six drill holes to be completed intersected high grades of gold and cobalt mineralisation at shallow depths.

The best intersection from Azure’s maiden drill program returned:

26.2 metres at 9.5 grams per tonne gold and 1.26 per cent cobalt from 0.60m depth, including 12.6m at 16.8g/t gold and 6.35m at 3.57 per cent cobalt.

“Our first drilling program at Sara Alicia returned one of the thickest and highest-grade cobalt drill intersections reported from anywhere in the world in 2017,” Azure Minerals managing director Tony Rovira said in the company’s announcement to the Australian Securities Exchange.

“Following this success, we accelerated exploration with surface geochemical and geophysical surveys to delineate the shape and potential size of the body hosting the high-grade gold and cobalt mineralisation.

“This was a very successful program and with these results now in, it looks like most, if not all, of the target body is hosted within our property.

“We’re confident that our next drilling program will identify significant amounts of additional gold and cobalt mineralisation.”

 

Website: www.azureminerals.com.au

 

BCI Minerals Delivers Further Positive News from Kumina

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THE DRILL SERGEANT: BCI Minerals (ASX: BCI) released further results from phase 1 drilling at the Kumina A deposit within the company’s Kumina tenements in Western Australia.

BCI Minerals’ Kumina tenements comprise three granted exploration licences covering an area of approximately 480 square kilometres, located approximately 50km north-east of the company’s Bungaroo South deposit.

Iron ore deposits discovered at Kumina are intended to become part of BCI’s Buckland project, where the company is targeting a 15 million tonnes per annum operation for 15 years from Bungaroo South, Kumina and other deposits for export through its proposed Cape Preston East Port.

The company said that assays from the final 25 holes of Kumina A phase 1 drilling had confirmed the presence of further Channel Iron Deposit (CID) mineralisation from surface.

Best results included:

KRC0060
34m at 59.1 per cent iron from surface; and

KRC0061
34m at 58.7 per cent iron from surface.

Further activities included mapping and rock chip sampling at other Kumina targets, which also confirmed the presence of higher grade Bedded Iron Deposits (BID) in the Brockman Iron Formation.

Best rock chip results were from Target E and included 67.2 per cent iron, 65.2 per cent iron and 64.3 per cent iron and Target J, which included 65 per cent iron, 64.9 per cent iron and 64.2 per cent iron.

“Kumina exploration results continue to meet and exceed BCI’s expectations,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.

“We are increasingly confident that Kumina can deliver sufficient tonnage of good quality iron ore to support a viable 15 million tonnes per annum operation at Buckland and development of the strategic Cape Preston East Port.”

 

Email: info@bciminerals.com.au

Website: www.bciminerals.com.au