Intermin Resources Conducting New Discovery and Resource Growth Drilling Program

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) has kicked off a major discovery and Resource expansion drill program at the company’s 100 per cent-owned gold projects in the Kalgoorlie region of Western Australia.

Intermin Resources explained the drilling will be split approximately 50 per cent on new discovery and 50 per cent on resource growth.

The program will focus on three core project areas: Teal, Anthill and Blister Dam.

Resource expansion drilling at Teal, Jacques Find, Peyes Farm and Anthill will be testing extensions along strike and at depth outside current resource envelopes.

New discovery drilling at Blister Dam, Teal, Fire Ant and Anthill will be extended to target high-grade open cut and underground orebodies.

RC and diamond drilling will also be carried out to test beyond the limits of historic drilling.

“With the significant free cash flow that has been generated from our first mining project at Teal, our focus now turns to exploration success as we kick off the largest drill program in Intermin’s history,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“New discovery drilling comprises roughly half of the fully funded $4 million program with priority walk up targets on the prolific Zuleika Shear and Bardoc Tectonic Zone.

“The Western Australian goldfields is a world class gold producing region with significant discoveries still being made through modern systematic exploration and investment in deeper drilling.

“We look forward to the first drilling results and adding our own chapter to the rich mining history of the Western Australian Goldfields.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Legend Mining Poised to Commence Rockford Drilling

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) is set to commence a drill program at Area D aircore on the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining said the drilling will comprise 100 holes and has been designed to follow up highly anomalous nickel-copper results the company received in two aircore holes it drilled at the target in November 2017.

The upcoming program will also test additional aeromagnetic and gravity features.

Drilling is scheduled to commence in early-mid March 2018 and expected to take up to three months to complete.

“We are pleased to start our 2018 field season leveraging off the success of the aircore work late last year,” Legend Mining managing director Mark Wilson said in the company’s announcement to the Australian Securities Exchange.

“We feel we have found the haystack and are now working our way to the needle.”

 

Website: www.legendmining.com.au

Corazon Mining Commences Lynne Lake Drilling

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) informed the market it has commenced at the Fraser Lake Complex (FLC), located just five kilometres south of the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt mining centre in Canada.

Corazon Mining kicked off the drilling on Valentine’s Day and expects the first hole (FLC-2018-018) to reach more than 600 metres in length.

The company said it had already encountered disseminated to heavy net-textured sulphide mineralisation from surface in the first hole, which is consistent with mineralisation it intersected with its 2017 drilling program.

“This is encouraging insofar as it supports the geophysical models being used to target drilling,” Corazon Mining said in its ASX announcement.

“Corazon expects to drill a minimum of 1,500 metres in the current program with at least two holes testing the large geophysical anomalies within the FLC.”

The company indicated the drilling is scheduled to be completed mid- March and will include new priority drill targets that were confirmed from Corazon’s 2017 fieldwork.

“The initial drill target is a deep-rooted, funnel-shaped, strongly magnetic anomaly, which has similar characteristics to the nearby high-grade nickel-copper-cobalt sulphide EL Mine Deposit, within the major historic Lynn Lake Mining Centre,” Corazon said.

Corazon has been exploring at the FLC since December 2016, carrying out drilling, ground geophysics, downhole geophysics and geochemistry.

The company believes the FLC has the potential to host substantial nickel-copper-cobalt sulphide deposits.

The large amount of data the company has generated to date has produced geophysical and geochemical models that have further refined the focus of the current drilling program at the FLC.

 

Email: info@corazonmining.com.au

Website: www.corazon.com.au

 

Azure Minerals Identifies Gold and Cobalt Anomalies at Sara Alicia

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported results from a recent close-spaced soil sampling program undertaken across the company’s Sara Alicia property in Mexico.

Azure Minerals said the program identified areas of strong gold, cobalt and zinc anomalism.

Additionally, a ground magnetic survey defined a highly magnetic zone, which the company interpreted to represent the skarn body hosting the high-grade gold and cobalt mineralisation.

Soil samples were collected on a 25m by 50m grid spacing, defining a discrete zone strongly anomalous in gold and cobalt, with highest values of 1.26 grams per tonne gold and 1,469ppm cobalt (0.15 per cent cobalt).

The company highlighted these as being both very high values for soil samples.

The anomalies for both elements are coincident, are approximately 200m long and 100m wide, and align along the eastern flank of a well-defined northwest-southeast trending structural zone.

The western flank also hosts a very high-grade zinc-in-soil anomaly in the southwestern quadrant of the project area.

All 26 samples taken from within the 200m by 100m anomalous area returned assays exceeding 1,000ppm zinc (>0.1 per cent zinc) up to a maximum value of 35,400ppm zinc (3.54% Zn), with an overall average zinc grade of 0.45 per cent zinc.

“This very strong zinc anomaly is hosted in a different geological setting from the gold and cobalt mineralised skarn, providing Azure with another target horizon to follow-up,” Azure Minerals said in its ASX announcement.

Azure claimed the results of the ground magnetic survey and magnetic susceptibility measurements of the drill core from its first drilling program confirmed the close spatial association of the magnetic skarn body with high-grade gold and cobalt mineralisation.

“The surface dimensions of the magnetic anomaly are similar in area to the gold and cobalt anomalies identified by the soil sampling,” Azure said.

“Encouragingly, modelling of the data indicates that the magnetic body which represents the mineralisation has considerable depth extent, particularly to the north and northeast where it dips beneath an overlying limestone horizon, providing excellent targets to extend the gold and cobalt mineralisation in those directions.”

Azure indicated it is currently designing a drilling program to follow-up these positive results by testing for along-strike and down-dip extensions and the depth potential of the high-grade gold and cobalt mineralisation.

 

Website: www.azureminerals.com.au

 

Azure Minerals Extends Oposura Potential

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced completion of resource definition drilling of the known eastern mineralised zone (East Zone) at the company’s Oposura project, located in the northern Mexican state of Sonora.

Azure Minerals explained the drilling of the East Zone was part of a broader resource drill-out program at Oposura designed to delineate mineralisation previously identified by historical exploration.

The company has previously released results from the first 36 of the 76-hole East Zone resource drill-out program and samples from the remaining holes are currently being processed and assays will be released soon.

Azure now has drilling well advanced in the West Zone with 48 holes having been drilled to date with the resource drill-out expected to be completed within the next two weeks.

“The first batch of assay results from the West Zone is expected to be released shortly,” Azure Minerals said in its ASX announcement.

“Geological modelling and resource estimation has commenced with the maiden resource on-track to be completed in April 2018.

“This, along with other project development studies, will lead into the Scoping Study / Preliminary Economic Assessment, scheduled for the third quarter of 2018.”

 

Website: www.azureminerals.com.au

Impact Minerals Encounters High-Grade Gold and Highest Silver to Date at Silica Hill

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared high-grade gold and very high-grade silver assays from the southern mineralised zone at the company’s emerging gold-silver discovery at the Silica Hill prospect, north of Orange in New South Wales.

Impact Minerals explained the assays came from three diamond drill holes, and claimed that the grades of gold and silver, particularly the gold, are increasing with depth below surface.

Assays from CMIPT077 returned:
22.5 metres at 1.7 grams per tonne gold and 276g/t silver from 166.7m down hole, including 0.3m at 1.8g/t gold and 4200g/t (135 ounces or 0.42%) silver from 174.4m, including 0.8m at 13.6g/t gold and 40g/t silver from 187.7m.

Impact Minerals said the results confirm the southern mineralised zone to be a steeply dipping mineralised vein system that trends east-west and is open down dip and down plunge to the south east.

The continuity of the gold and silver mineralisation from surface was confirmed from further assays returned from the other two diamond drill holes which were drilled up dip of CMIPT077.

CMIPT074
21.8m at 0.6g/t gold and 273g/t silver from 137.9m down hole, including 0.5m at 0.5g/t gold and 1,485g/t (48 ounces) silver from 143m, and
0.4m at 1.6g/t gold and 6240g/t (200 ounces or 0.62%) silver from 148.5m.

CMIPT073
75.3m at 0.4g/t gold and 62g/t silver from 75m down hole, including 10.8m at 1.4g/t gold and 243g/t silver from 134m, which includes 4.3m at 2g/t gold and 566g/t silver from 134m, and including 0.3m at 6.9g/t gold and 1,485g/t silver from 136m.

Impact Minerals said the results, together with previously reported results from Holes CMIPT011 and CMIPT043 confirm the continuity of gold and silver mineralisation in the southern zone from surface to about 200m true depth and over a strike length of 150m.

“These results are an exciting further breakthrough for us at Silica Hill as they indicate the mineralised system is getting better at depth and to the east,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“The silver grades and minerals within the vein system we have discovered are exceptional and confirm the unique nature of this deposit in Australia.

“These are the highest assays returned so far at the project and they occur within robust zones of mineable width and grade.

“We are excited for the 2018 exploration program.”

 

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

Ausgold Demonstrates Gold Mineralisation Continuity

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THE DRILL SERGEANT: Ausgold (ASX: AUC) announced results of air core drilling (AC) at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia’s south-west.

Ausgold said the 331-hole drilling campaign had demonstrated strong continuity of mineralisation within the central project area around existing Resources along three laterally extensive mineralised lodes.

21 AC holes were drilled 400 metres along strike from the Jinkas Resource, with 12 holes delivering intercepts greater than 0.1 grams per tonne gold.

A further 38 AC holes were drilled over a strike length of 2,600m to test the continuity of the mafic gneiss host rocks southeast from the Jinkas deposit, 18 of which returned anomalous gold grades over 0.1g/t gold, including intercepts of:

BSAC1778
10 metres at 0.34g/t gold from 16m; and

BSAC1781
19m at 0.15g/t gold from 0m.

At Devil’s Elbow, AC drilling starting 200m south along strike from the Lone Tree Resource delineated mineralisation a further 1,600m south, with gold anomalism intersected along strike from Lone Tree south to the Fraser prospect.

Ausgold claimed the drilling tested the contact between the footwall granite to the west and the prospective mafic granulite to the east along the 1,600m of strike length and the new results have confirmed the western portion of Fraser to be the strike continuation of the Jackson-Lone Tree trend, located structurally beneath and parallel to the White Dam-Fraser mineralisation.

Ausgold has previously encountered high-grade gold intercepts from wide-spaced AC drilling in the western Fraser prospect.

The company explained the latest drilling infilled this wide-spaced (100m by 100m) drilling to a spacing of 50m by 50m to provide better controls on mineralisation, which returned the following intercepts:

BSAC1831
16m at 0.16g/t gold from 16m;

BSAC1834
14m at 0.47g/t gold from 4m, including 1m at 1.13g/t gold from 17m;

BSAC1835
12m at 0.42g/t gold from 4m, including 4m at 1 .01g/t gold from 12m;

BSAC1837
16m at 0.38g/t gold from 0m; and

BSAC1838
16m at 0.17g/t gold from 12m.

“This latest round of air core drilling has provided valuable information which has proven the existence of mineralisation along three laterally continuous trends,” Ausgold chief executive officer Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“Using the results of the AC drill program, combined with the recently acquired ground geophysics, Ausgold has designed and commenced a significant reverse circulation drill program that has the potential to significantly grow the KGP’s mineral resources.”

Ausgold has commenced a reverse circulation drill program to test the targets generated by the AC drill program.

A ground gravity and Moving Loop Electromagnetic (MLEM) geophysics program has been completed and results are currently being processed.

 

Email: info@ausgoldlimited.com

Website: www.ausgoldlimited.com

Emmerson Resources Encounters High-Grades on NSW and Tennant Creek Projects

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) received interesting results from drilling at the company’s Kadungle gold-copper project in New South Wales.

Recently completed drilling at the Kadungle project identified potential for both deeper copper-gold and now, shallow epithermal gold at the Trig prospect.

The company indicated that assays are still pending, however construction of the drill access track at Trig revealed extensive boulders of epithermal quartz.

The last drill hole at Trig (drill hole TRC004) intersected multiple epithermal veins, which Emmerson interpreted to correspond with boulders at surface that contain extensive quartz-hematite veins.

Previous rock chip sampling at Trig returned highly anomalous gold geochemistry with up to 1.27 grams per tonne gold.

At the company’s Tennant Creek project, recent drilling at the Gecko-Goanna project has confirmed potential for non-ironstone hosted copper.

Better results included:

GRC1413
4 metres at 2.87 per cent copper from 122m, including 3m at 3.63 per cent copper;

plus, a deeper intersection of:
6m at 4 per cent copper from 137m, including 2m at 6.8 per cent copper.

GRC1416
5m at 1.36 per cent copper from 177m, including 1m at 4.7 per cent copper and 1m at 3.8 per cent copper.

The company claimed this to support previously announced mineralisation in drill hole GODD032 of 7m at 5.98 per cent copper and 3m at 4.75 per cent copper encountered by drilling in 2015.

Emmerson explained the funding for this recent drilling completes the Stage 1 Earn-in obligation from its Joint Venture partner, Evolution Mining (ASX: EVN).

Discussions are ongoing between the two companies regarding the future options for the Tennant Creek JV.

Emmerson said it was confident that these discussions will deliver a mutually attractive path forward for the project.

“Emmerson is extremely well positioned with commanding ground positions in New South Wales and Tennant Creek,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“This project portfolio is now diversified beyond Tennant Creek and attractive for development, either by Emmerson or third parties.

“We are confident that positive results across this portfolio will continue to build quality assets and consistency of news flow.

“Further, Emmerson is one of few junior companies building a revenue stream from small high-grade mines.

“Pleasingly the last round of drill results at Kadungle is consistent with the emergence of a large mineralised system that supports ongoing exploration for both shallow gold and deeper copper-gold.

“Assay results for the Trig drilling will be available toward the end of February as work continues both at Kadungle and across our other New South Wales projects.”

 

Website: www.emmersonresources.com.au

Ausgold Commences Katanning RC Drilling

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THE DRILL SERGEANT: Ausgold (ASX: AUC) has kicked off a major reverse circulation (RC) drilling program at the company’s 100 per cent-owned Katanning gold project (KGP), located in the south-west region of Western Australia.

Ausgold said the 24,000 metre RC program is designed to target mineralisation within a 10 kilometre radius of the KGP resource area.

“The initial phase of RC drilling will test strike extensions of the Jinkas deposit as well as new targets generated through the re-interpretation of historical exploration data and the recent round of air core (AC) drilling and ground-based geophysics including gravity and moving loop electro-magnetic (EM) surveys at Jackson-Olympia, Jinkas, Lukin and Fraser,” Ausgold said in its ASX announcement.

 

Email: info@ausgoldlimited.com

Website: www.ausgoldlimited.com

S2 Resources Identifies Gold-Silver Zones at Storgroven

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THE DRILL SERGEANT: S2 Resources (ASX: S2R) received results from base of till drilling undertaken on the company’s 100 per cent-owned Skellefte project in Sweden.

S2 Resources said the drilling had been carried out at the Storgroven target within the Skellefte project and has identified two adjacent zones of gold-silver mineralisation, with seven base of till holes ending in mineralisation greater than one gram per tonne gold and 20g/t silver.

Peak end of hole assays returned 2.5g/t gold and 60g/t silver in the southern zone and 2.3g/t gold and 42g/t silver in the northern zone.

The company drilled 115 holes on a nominal 25 by 25 metre grid to follow up an anomaly it identified in earlier broad spaced (400 by 50m) reconnaissance base of till drilling.

S2 said the infill drilling outlined two zones of strong sericite-silicasulphide hydrothermal alteration with gold and silver anomalism or mineralisation at the end of numerous holes defining a broad gold-silver anomaly measuring 300 by 200m.

The southern zone measures 80m across at a greater than 0.5g/t gold contour and is open to the southeast, with the peak end of hole sample assaying 2.5g/t gold and 60g/t silver.

This zone also contains elevated zinc with the peak end of hole value being one per cent zinc.

“No prior drilling or prospect pitting is documented in this area, but it is not possible to verify this until the spring thaw,” S2 Resources explained in its ASX announcement.

“The nearest known historic diamond drilling and trenching is at the Aliden VMS deposit, located 450 metres to the south on S2’s ground.

“The first phase of diamond drilling to test the source of this mineralisation is scheduled to commence next week.

“Further infill and extensional base of till drilling is continuing.”

 

Email: admin@s2resources.com.au

Website: www.s2resources.com.au