Intermin Resources Pleased with First Pass Results from Blister Dam

/in , /by

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced first pass drilling results from the company’s 100 per cent-owned Blister Dam gold project, located on the Zuleika and Kunanalling shear zones, north west of Kalgoorlie-Boulder in Western Australia.

Intermin Resources drilled 46 holes, to an average depth of 90 metres, at nine of 21 high-priority targets it had identified in 2017.

Five new prospects have been generated in the project area, including: Argo, Seven Seas, Syledis, Atlantic and Tasman, all located along the Zuleika shear zone.

High-grade RC downhole intercepts included:

Argo
BDRC17050
5 metres at 4.12 grams per tonne gold from 46m; and

BDRC17006
1m at 19.9g/t gold from 24m.

Seven Seas
BDRC17025
1m at 36.00g/t gold from 35m; and

BDRC17046
4m at 3.33g/t gold from 43m.

Syledis
BDRC17056
2m at 1.31g/t gold from 67m.

Tasman
BDRC17016
8m at 0.53g/t gold from 30m.

Intermin said the initial drilling had confirmed two distinct gold mineralisation styles: strongly developed high grade quartz veins and broader lower grade shear hosted gold mineralisation.

The company has designed the next phase of drilling at Blister Dam following a review of all results and further detailed geological assessment.

As part of a $4 million new discovery and resource growth program planned for 2018, over 7,000 metres of drilling has been allocated at Blister Dam in the first half of 2018 with up to an additional 7,000m as required in the second half of the year.

“With these excellent first pass results, Blister Dam has certainly staked its claim as one of the most exciting assets within our portfolio to deliver a significant new discovery,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“We now look forward to the large scale follow up program commencing shortly in an area on the Zuleika shear zone that has had very little modern exploration and remains virtually untested at depth.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

Southern Gold Granted Tenure Over New Hampyeong Targets

/in , /by

THE DRILL SERGEANT: Southern Gold (ASX: SAU) has been granted formal tenure over its recent discovery of kilometre-scale surface gold and silver at the company’s wholly-owned Hampyeong project in the southwest of South Korea.

Southern Gold announced new assays, which have returned intercepts of:

Nabi
13.4 grams per tonne gold;

East Main
11.5g/t gold and 8.4g/t gold; and

Saseun Vein Zones
up to 6.8g/t gold.

Southern Gold explained that this target area has never been previously drilled, and these new surface gold samples are from veins that are commonly three to five metres true-width in outcrop within stockwork vein zones up to 20m wide.

The company indicated it has plans for an immediate first phase drilling program at Hampyeong to be carried out over the next two to three months.

“Hampyeong is shaping up to be a very interesting project,” Southern Gold managing director Simon Mitchell said in the company’s announcement to the Australian Securities Exchange.

“It isn’t often you get a chance to test epithermal quartz veins chipping high-grade gold at surface that have never been historically drill tested.

“There is huge potential to discover multiple economic low to high sulphidation epithermal gold-silver projects in South Korea.

“From my point of view, Hampyeong is just the beginning of a major exploration effort in a uniquely prospective geological terraine.”

 

Email: info@southerngold.com.au

Website: www.southerngold.com.au

Mincor Resources Begins Drilling at Cassini Prospect

/in , /by

THE DRILL SERGEANT: Mincor Resources (ASX: MCR has launched into its 2018 nickel exploration program with a program of diamond drilling at the Cassini prospect, located within the company’s Kambalda ground holdings in Western Australia.

Mincor Resources will be spending cash raised in a recent fund raising to carry out the drilling, which is to progress a suite of high-quality targets.

At first, the program will focus on shallow regional targets where Mincor considers there to be potential to delineate Resources or extend existing Resources.

The Cassini prospect is a near-surface nickel sulphide discovery where Mincor has identified several channel structures.

The Cassini CS2 channel has already returned high-grade intersections over a plunge of 430m and remains open.

Previous intersections from Cassini include:

MDD248
6.73 metres at 4.81 per cent nickel (estimated true width 5.4m);

MDD255
5.16m at 6.45 per cent nickel (est. true width 4m), and 6.42m at 7.25 per cent nickel (est. true width 5.5m);

MDD274
7.98m at 4.35 per cent nickel (est. true width 6.5m); and

MDD272
4.99m at 6.08 per cent nickel (est. true width 4.4.m).

Mincor has also commissioned a high-resolution aeromagnetic survey for Cassini, which it expects to have finished in February, weather permitting.

Results from the magnetics will assist to identify early stage targets immediately surrounding Cassini, including the northern half of the Cassini magnetic anomaly, Cassini South and Black Caviar.

“Mincor believes it has consolidated nearly all the prospective ground in the Kambalda for shallow nickel sulphide mineralisation, and together with its existing nickel Mineral Resources inventory, has an exciting opportunity to grow a quality nickel Ore Reserve inventory in the district,” Mincor Resources said in its ASX announcement.

 

Website: www.mincor.com.au

Alloy Resources Commences Ophara Project Exploration

/in , /by

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) commenced exploration activities at the company’s Ophara cobalt-gold project located near Broken Hill in New South Wales.

Alloy Resources completed a data review and field inspection during January with an Independent Geochemist.

A surface sampling program has subsequently been designed and approved for commencement.

Alloy said the program will cover an area of approximately 60 square kilometres and will comprise conventional surface soil sampling on a 200 metre by 200 metre grid.

During the program soil mapping will be completed to enable accurate interpretation of different soil types which will assist interpretation of results.

“The program is expected to take two to three weeks to complete and a similar time for analysis,” Alloy Resources said in its ASX announcement.

“The objective of the program is to outline new drill targets for extensions and repetitions of the Great Goulburn cobalt-gold mineralisation.

“The area is regarded as highly prospective geologically as it is located between the Thackaringa project being advanced by Cobalt Blue Holdings (ASX:COB) and the Mutooroo project held by Havilah Resources (ASX:HAV) who have recently entered into a Memorandum Of Understanding.”

 

Email: info@alloyres.com

Website: www.alloyres.com

Metalicity Prepares to Drill new Zinc Acquisition

/in , /by

THE DRILL SERGEANT: Metalicity (ASX: MCT) has completed the acquisition of the Napier Range zinc project, located in the Lennard Shelf of the Kimberley Region in Western Australia.

Metalicity considers the high-grade Napier Range project to represent a low capital and near term producing zinc production opportunity with excellent exploration potential.

The project currently consists nine targets that have been identified for drill testing along a four-kilometre strike.

Metalicity has resource and exploration drilling planned for the March Quarter within the Wagon Pass deposit as well as along the 4km strike extent at Napier Range, subject to requisite approvals and completion of the wet season in the Lennard Shelf of the Kimberley Region.

At Napier Range, Glencore and Teck (via Lennard Shelf Pty Ltd (a 50:50 joint venture) retain an option to earn a 51 per cent participating interest in the Wagon Pass tenements if a new JORC Inferred Resource has been discovered, by either completing and sole funding a Feasibility Study, or spending $20 million on the assessment of the inferred resources.

“Securing the Napier Range zinc project is a significant step forward for Metalicity’s zinc strategy by providing a potential high-grade, low capital, near term zinc development project that complements the pathway for our 100 per cent-owned Admiral Bay zinc project,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Metalicity has completed field work, exploration targeting and base case financial modelling and looks forward to commencing an aggressive exploration program to determine the projects capacity to provide a source of cashflow for the company’s ongoing advancement of the long-life Admiral Bay zinc project, while also seeking new discoveries at the Emanuel Range zinc project.”

 

Website: www.metalicity.com.au

Cobalt Blue Completes Thackaringa Drilling in Preparation for Resource Upgrade

/in , /by

THE DRILL SERGEANT: Cobalt Blue Holdings (ASX: COB) released final assays from a resource definition drilling program completed at the company’s Thackaringa cobalt project in New South Wales last year.

Cobalt Blue Holdings said the results demonstrate strong continuity along both strike and down dip at the Railway, Pyrite Hill and Big Hill deposits.

The assay results are now being incorporated into geological models in preparation for a Resource Upgrade, which is expected by the end of February.

The company explained the program was designed to upgrade to Indicated Resource, expand the overall resource base, provide comprehensive geotechnical information and provide samples for additional metallurgical testing.

Highlights from the drilling include:

17THR059
40 metres at 1,056ppm cobalt, 11.8 per cent sulphur and 14.3 per cent iron from 95m;

17THR065
39m at 1,010ppm cobalt, 10.3 per cent sulphur and 9.9 per cent iron from 125m;

17TRD073
67m at 1,144ppm cobalt, 12.7 per cent sulphur and 13 per cent iron from 72m;

17THR088
47m at 1,194ppm cobalt, 11.6 per cent sulphur and 11.3 per cent iron from 107m;

17THR091
48m at 1,147ppm cobalt, 11.4 per cent sulphur and 11.3 per cent iron from 156m;

17THR094
75m at 1,207ppm cobalt, 11.9 per cent sulphur and 11.8 per cent iron from 149m;

17THD020
59m at 1,119ppm cobalt, 12.9 per cent sulphur and 12 per cent iron from 24m; and

17THD027
99m at 1,185ppm cobalt, 10.7 per cent sulphur and 10 per cent iron from 32m.

“This significant work program, conducted over 2H 2017 represents a major accomplishment for the Thackaringa cobalt project,” Cobalt Blue Holdings chairman Rob Biancardi said in the company’s announcement to the Australian Securities Exchange.

“Our understanding of Thackaringa’s resource has materially improved over the past year and this work forms a baseline for our upcoming Resource Upgrade, expected by end February.”

 

Email: info@cobaltblueholdings.com

Website: www.cobaltblueholdings.com

Northern Minerals Reveals Regional Potential at Browns Range

/in , /by

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) declared high-grade rare earth oxide (REO) geochemical results from the company’s Browns Range project in Western Australia.

Northern Minerals collected a total of eight rock chip samples in December 2017 from seven prospect areas across the project with some collected from known prospects, while others were from new target areas.

The company claimed some results returned from the high-grade rock chip samples hit up to 7.19 per cent total rare earth oxides (TREO), which it said was, “significant, given the average grade of the Browns Range deposits is 0.66 per cent TREO”.

At this stage, Northern Minerals believes the high proportion of Heavy Rare Earths for nearly all of the samples indicate that the rare earth mineral is likely to be xenotime, the same as at the company’s first two open pit mines Gambit West and Wolverine.

The very high-grade sample (7.19% TREO) was achieved at Iceman, a prospect Northern Minerals has identified as having a strong geochemical surface anomaly over 200 metres in length, which is yet to be drill tested.

A program of RAB and/or RC drilling will commence in the June quarter, aimed at providing a first pass assessment of several of the new prospects and targets.

If successful, a program of RC drilling will be undertaken in the September quarter aimed at proving up and increasing the Mineral Resources at Browns Range.

A private Placement to sophisticated investors announced on the 28th of December 2017, raising $2.15 million via the issue of approximately 27.56 million shares at 7.8 cents per share, is set to deliver the final $1 million in the coming few days.

A further Share Purchase Plan is closing on the 31st of January 2018.

“These exploration results, although early stage, highlight the significant blue-sky upside potential that exists at Browns Range,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.

“With a plan in place to extend the life of the potential full-scale project to more than 20 years, the new funds received from the Placement and the SPP allow us to accelerate the program and get drill rigs back on the ground in the June quarter.”

 

Website: www.northernminerals.com.au

Rox Resources Declares Exceptional Gold Results at Mt Fisher

/in , /by

THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced assay results from a recently completed aircore drilling program conducted at the company’s Mt Fisher gold project, north of Leonora in Western Australia.

Rox Resources said the Mt Fisher drilling campaign comprised approximately 117 holes, with the focus being the Dam, Damsel, Dirks and Shiva prospects.

The company has already identified mineral resources of more than 86,000 ounces of gold at Mt Fisher and considers the latest results to have provided excellent potential for further exploration to add to resources.

The gold target areas lie to the west of the company’s nickel deposits at Fisher East.

Better results include:

MFAC109
4m at 6.1 grams per tonne gold from 48m depth at Dam North;

MFAC121
4m at 1.1g/t gold from 44m depth at Dam;

MFAC146
4m at 2.75g/t gold from 32m depth at Damsel;

MFAC153
8m at 2.4g/t gold from 20m depth at Damsel;

MFAC161
4m at 3.5g/t gold from 40m depth at Dirks; and

MFAC192
4m at 1.3g/t gold from 36m depth at Shiva.

“These are outstanding drilling results,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“They have identified new anomalies at Dam North, extended known gold trends at Damsel and Dirks, and confirmed infill at Shiva.

“The results highlight the excellent gold endowment of the Mt Fisher project, and the possibility of identifying high-grade gold zones.

“We will now plan our follow-up RC and/or diamond drilling campaign.”

Rox believes the Dam-Damsel-Shiva area has similarities to the 3.6 million-ounce Bronzewing deposits some 75km to the southwest.

The company indicated it is using the extensive knowledge base that was built up in the 1990s and 2000s regarding Bronzewing and the Yandal Belt in its exploration program design.

 

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

Peel Mining Delivers Multiple High-Grade Hits at Southern Nights

/in , /by

THE DRILL SERGEANT: Peel Mining (ASX: PEX) claimed that recent results it received from the company’s 100 per cent- owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, reinforce the view it has discovered a major high-grade zinc-rich mineral system.

Peel Mining said assay results it received from drilling undertaken prior to the Christmas/New Year break underscore the extensive and high-grade nature of zinc-lead-silver-gold mineralisation present at the Southern Nights prospect.

A previously reported, a diamond tail extension to drillhole WTRCDD033 intersected spectacular massive sphalerite-galena sulphide mineralisation.

Further assay results have confirmed that WTRCDD033 ranks as Peel’s best-ever drillhole intercept, having returned:

46 metres at 17.01 per cent zinc, 9.57 per cent lead, 272 grams per tonne silver, 1.22g/t gold from 201m.

On return from a shutdown for the Christmas/New Year holidays, the company has recommenced field activities with drilling at Southern Nights continuing with two double shift diamond rigs currently working.

First-pass RC drilling has also kicked off at Fenceline/The Bird prospect, located approximately five kilometres east of Wagga Tank/Southern Nights.

A fourth RC/diamond rig has resumed drilling at the Wirlong prospect (JOGMEC Farm-in/JV).

In addition, two geophysical crews (IP and gravity) are working in the Wagga Tank/ Southern Nights area.

“In-line with recent results, Peel has begun planning for a systematic resource drill-out of the Southern Nights area,” Peel Mining said in its ASX announcement.

“First pass metallurgical testwork is also anticipated to commence over the coming weeks.”

 

Email: info@peelmining.com.au

Website: www.peelmining.com.au

Pioneer Resources Commences Mavis Lake Drilling

/in , /by

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has commenced drilling at the Mavis Lake lithium project in Ontario Canada.

Pioneer Resources said the drilling is being undertaken in conjunction with its Joint Venture International Lithium Corp.

The company said it had been advised by its geological consultant that the first hole, MF18-51, which was completed on 21 January, intersected three spodumene-bearing pegmatites, including one with a down-hole thickness of 20 metres from 82m.

“Pioneer will update the market about the progress of drilling at Mavis Lake as the program advances,” Pioneer Resources said in its ASX announcement.

“Drilling is expected to take up to 30 days to complete and assay results are expected to be available by the end of March 2018.”

 

Website: www.pioresources.com.au