Ausgold Highlights Katanning Gold Mineralisation Extensions

/in , /by

THE DRILL SERGEANT: Ausgold (ASX: AUC) announced it has initial results from air core drilling (AC) carried out at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Ausgold completed the large AC drill campaign of 331 holes through December 2017 and January 2018, targeting geochemical and geophysical targets along strike from known gold mineralisation.

Part of the campaign, consisting 264 AC drill holes, tested along strike on the Jackson-Lone Tree and Olympia-Jinkas mineralised trends at the KGP.

The AC drilling results have been received from 181 of the 264 holes drilled, with results from a further 83 holes drilled in the Jackson-Olympia area pending.

Ausgold said the results from Jackson have highlighted the continuity of east-dipping (40-60m) gold mineralisation from Lone Tree towards Jackson in the north.

The company said this northward trend was evident in aeromagnetic images and the continuity of mineralisation has been confirmed by the recent round of drilling with a number of intercepts returning greater than one gram per tonne gold, including three bottom-of-hole intercepts greater than 0.5g/t gold (holes BSAC1593, BSAC1603 & BSAC17420).

Olympia is located 820m north along strike from the Jinkas mineralisation and has a similar moderate easterly dip.

Ausgold said the latest AC drilling results have extended mineralisation a further 700m towards the northwest and highlight prospective mafic granulite that is locally folded around a quartz monzonite (previously referred to as adamellite) body.

“With this latest round of air core drilling, we have significantly advanced our knowledge of the geology and the extent of gold mineralisation within our 100 per cent-owned Katanning gold project,” Ausgold chief executive officer Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“The initial results have highlighted the relatively untested continuity between Resources that have significant gold grades being intersected close to surface.

“There remains significant potential to grow the KGP’s mineral inventory through near-Resource additions and elsewhere along the project’s total 17-kilometre strike length.”

 

Email: info@ausgoldlimited.com

Website: www.ausgoldlimited.com

BCI Minerals Confirms Kumina Iron Ore Potential

/in , /by

THE DRILL SERGEANT: BCI Minerals (ASX: BCI) took receipt of positive initial iron ore drilling results from the company’s Kumina tenements in northwest Western Australia.

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

The company recently completed a Phase 1 drilling program, consisting of 67 holes at the Kumina A deposit.

Assays results have been received for the first 42 holes, which BC Minerals claims to confirm the presence of iron ore mineralisation at shallow depth.

Best intercepts include:

KRC0023
38 metres at 58.3 per cent iron from surface;

KRC0025
30m at 58.9 per cent iron from surface;

KRC0029
30m at 58.6 per cent iron from surface;

KRC0022
28m at 59.8 per cent iron from surface;

KRC0031
28m at 59.2 per cent iron from surface; and

KRC0027
22m at 61 per cent iron from surface.

The company expects to release a Maiden Mineral Resource estimate at the Kumina A deposit and other targets by Q2 2018.

“BCI identified Kumina as a large, under-explored tenement package and successfully acquired it from Mineralogy in 2017,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.

“We are encouraged by exploration work to date, which is supporting the view that Kumina potentially hosts iron ore deposits that can increase the tonnage available to the Buckland project and improve its development case.”

 

Email: info@bciminerals.com.au

Website: www.bciminerals.com.au

Stavely Minerals Encouraged by Ravenswood Results

/in , /by

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) said it has been encouraged by reconnaissance exploration results from the company’s 100 per cent-owned Ravenswood project in north Queensland.

Activity was carried out at the Dreghorn prospect, a group of prospects situated south of the Burdekin River that include the Area 8, Rhyolite Ridge, Ellen Boss, Ellen Boss East, Albion-Queenslander, Rejoice, Hidden Treasure and Percy Keene prospects.

At the Area 8 prospect, surface rock-chips have returned assay results to 0.65 grams per tonne gold, 106g/t silver, 39ppm arsenic and 83ppm antimony.

At the Bowerbird prospect, high-grade rock chip results included 14.2 per cent copper, 279ppm silver, 0.8 per cent zinc and 0.57 per cent lead.

“This exploration potential is particularly enhanced by the fact that Bowerbird is not far from the Area 8 prospect, displaying low-sulfidation colloform and crustiform quartz veining and associated anomalous geochemistry,” Stavely Minerals said in its ASX announcement.

“Further follow-up mapping and sampling is planned.”

Rock chip sampling at the Ravenswood Central prospects returned further encouraging assay results including:

36.6 g/t gold from a 5-10cm thick low-angle quartz vein at the Connolly Far North prospect;

5.54 g/t gold and 2.18 g/t gold from quartz veins at the Trieste prospect;

3.71 g/t gold and 1.88 g/t gold from the Kirker’s prospect; and

0.76 g/t gold and 151 g/t silver from the Dreghorn North prospect.

“Of particular interest, while there were a number of steep to moderate dipping quartz veins, there were also a large number of low-angle quartz veins observed at surface and in creek exposures in the Connolly North and Connolly Far North prospects,” Stavely said.

“Large areas of flat, platy quartz vein float could be indicative of a larger vein system similar to those at the Sarsfield and Nolans deposits at the Ravenswood gold mine, approximately 15 kilometres away.

‘Future work in the Connolly area will likely involve some Induced Polarisation (IP) geophysical surveying aimed at identifying a response from a higher density of quartz veins and associated disseminated sulphide halos.”

 

Email: info@stavely.com.au

Website: www.stavely.com.au

Millennium Minerals Announces Nullagine Results and Redbeard Resource

/in , /by

THE DRILL SERGEANT: Millennium Minerals (ASX: MOY) has been busy at the company’s 100 per cent-owned Nullagine gold project in Western Australia.

Millennium Minerals received results from drilling recently carried out at the ABC Reef, Crow and D Reef prospects that are part of the Golden Gate Mining Centre, which it claims to demonstrate future underground potential below existing open pits.

New assays include:

CROWRD0064A
13 metres at 15.42 grams per tonne gold from 90m, including 11m at 17.60g/t gold (Crow prospect)

DRRD010
4m at 4.84g/t gold from 60m, including 2m at 7.84g/t gold (D Reef prospect)

DRRD010
6m at 4.27g/t gold from 86m, including 1m at 16.55g/t gold (D Reef prospect)

DRRD014A
10m at 5.99g/t gold from 109m, including 4m at 12.42g/t gold (D Reef prospect)

Millennium has also completed a maiden JORC 2012 Mineral Resource Estimate (MRE) for its new Redbeard oxide discovery, located within the Twenty Mile Sandy Mining Centre at Nullagine.

The MRE has come in as an Indicated and Inferred Resource of 245,700 toones at 2.6 grams per tonne gold for 20,600 ounces of gold.

Millennium considers the to be potential to grow the Resource, with further drilling planned this quarter targeting extensions along strike and down-plunge.

“The delivery of an initial oxide resource for the new Redbeard discovery in record time is an exceptional achievement by our exploration team, and shows just how quickly we are able to move from a conceptual exploration target to a resource definition scenario,” Millennium Minerals chief executive Peter Cash said in the company’s announcement to the Australian Securities Exchange.

“Importantly, the mineralisation at Redbeard remains open both along strike and down-plunge, and we see strong potential to build quickly on this initial resource with further drilling planned for this quarter to further evaluate this shallow deposit and assess its potential to form part of our mining plans over the next 1-2 years.

“We are continuing to make new shallow oxide discoveries across the field in areas where there has been relatively little modern exploration – which is a great sign for the future of Nullagine.

“Exploration in other areas is delivering exciting results too.

“Within the Golden Gate Mining Centre, we have identified three areas at Crow, D Reef and ABC Reef where deeper drilling is returning exciting results and demonstrating the potential both for potential cut-backs of existing pits and future underground mining scenarios – as we have seen recently at Bartons.

“Additional drilling is currently underway in this area as part of an aggressive exploration commitment for 2018 which sees four rigs currently operating on site across multiple areas – all focused on rapidly increasing our resource inventory and supporting the expansion studies currently underway to achieve a step-change in our production profile from open pit and underground mining.”

 

 

Email: info@mmltd.com.au

Website: www.millenniumminerals.com.au

Legend Mining Resamples Rockford Results

/in , /by

THE DRILL SERGEANT: Legend Mining (ASX: LEG) received assay results from re-submitted aircore drilling core from Area D at the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining explained that drilling carried out in November 2017 identified two drillholes, (RKAC151 and RKAC167) with anomalous nickel, copper and cobalt results from four-metre composite samples at Rockford.

Resampling of these holes at one-metre intervals was completed in December 2017 aimed at providing detailed geochemical information within the regolith profile.

Results included:

RKAC151
47 metres at 0.3 per cent nickel, 0.11 per cent copper, 0.03 per cent cobalt from 64m to end of hole, including 10m at 0.23 per cent nickel, 0.25 per cent copper, 0.03 per cent cobalt from 64m, including 6m at 0.38 per cent nickel, 0.15 per cent copper, 0.03 per cent cobalt from 96m; and

RKAC167
10m at 0.09 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt from 56m to end of hole, including 4m at 0.14 per cent nickel, 0.16 per cent copper, 0.02 per cent cobalt from 59m.

“These results are essentially a repeat of the earlier assays and confirm that the four-metre composite sampling methodology that we are employing gives an accurate indication of nickel, copper and cobalt numbers,” Legend Mining managing director Mark Wilson said in the company’s announcement to the Australian Securities Exchange.

Upcoming work at Rockford is to include infill aircore drilling adjacent to drillholes RKAC151 and RKAC167 to determine the extent of the anomalous nickel-copper-cobalt footprint.

The company will also complete the final 20 holes of its 2017 aircore program at Area D and will complete additional drill traverses over other aeromagnetic and gravity features at Area D.

Results from the aircore drilling will be used to assist design of follow-up MLTEM surveying with further evaluation of previously identified EM conductors to be carried out at Areas D, J, Q and U.

“The new aircore program is designed to investigate the anomalous geochemical footprint around holes RKAC151 and RKAC167 and more interesting magnetic/gravity features at Area D,” Wilson said.

 

Website: www.legendmining.com.au

Musgrave Minerals Recommences Break of Day Drilling

/in , /by

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) is back out drilling on the Break of Day gold deposit and at the new Louise discovery at the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals explained its current diamond drilling at Break of Day is focused on extensions to high-grade shoots where previous drilling intersected:

17MORC084
11 metres at 54 grams per tonne gold.

This intersection is outside the current resource boundary and open down plunge.

A diamond drilling program that commenced in early December is progressing and is expected to take another four to six weeks to complete with first assays returned in early February.

An initial nine-drill hole program of reverse circulation (RC) drilling has also commenced at the recent Louise discovery to follow-up a near surface discovery intersection of:

17MORC112
4m at 15.4g/t gold from 79m.

This drilling is anticipated to take approximately seven days to complete with first assays expected in late February.

“The diamond drilling is confirming the continuity of the geology and gold mineralisation is consistent with the RC results,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The diamond drilling is now focusing on extending the high-grade gold shoots at depth at Break of Day.

“RC follow-up drilling at Louise will aim to extend the newly discovered near surface high-grade gold mineralisation and infilling the 750 metre gap in drilling between Break of Day and Louise.

“This is a high priority area for the company with significant upside potential to extend and grow our high-grade gold resource.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Matsa Resources Completes Maiden Red Dog Resource

/in , /by

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) released a Mineral Resource for the company’s 100 per cent-owned Red Dog project, located near Laverton in Western Australia.

Matsa Resources declared the JORC 2012 Code-compliant Red Dog Mineral Resource estimate of 368,000 tonnes at 2.2 grams per tonne gold for 26,300 ounces of gold with the majority of ounces (94%) sitting in the Indicated Category.

The company explained the resource estimate has been reported at a 0.5g/t gold lower cut-off and has not been constrained within a resource pit shell.

The Red Dog project is located 25 kilometres west of the company’s Fortitude gold project where trial mining is underway.

The Resource estimate follows recently completed RC drilling at Red Dog with results including:

17RDRC077
6 metres at 155 grams per tonne gold from 6m, including 1m at 921g/t gold from 7m;

17RDRC073
11m at 2.59g/t gold from 5m;

17RDRC082
14m at 1.97g/t gold from 3m;

17RDRC029
6m at 4.57g/t gold from 13m;

17RDRC087
8m at 3.23g/t gold from 22m;

17RDRC032
8m at 3.11g/t gold from 4m;

17RDRC081
10m at 2.31g/t gold from 8m; and

17RDRC072
8m at 2.56g/t gold from 11m.

“In order to determine the economic potential of the Red Dog gold project, Matsa is conducting pit optimisations, metallurgical testing and mining studies,” Matsa Resources said in its ASX announcement.

“A Native Vegetation Clearing Application was completed and submitted to DMIRS late in 2017 in order to speed up potential mining timeframes.

“Matsa considers the Red Dog project has the potential to be a near term mining opportunity with Matsa’s Fortitude mine infrastructure only 25 kilometres to the east and the Red October camp and accommodation infrastructure only 20 kilometres to the north.”

 

 

Email: reception@matsa.com.au

Website: www.matsa.com.au

Alliance Resources Confirms New Weednanna Gold Shoot

/in , /by

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) released results from the third round of reverse circulation (RC) drilling at the Weednanna gold prospect.

The Weednanna prospect forms part of the Wilcherry project Joint Venture in South Australia between Alliance (61.36%) and Tyranna Resources (ASX: TYX) (38.64%).

Alliance Resources completed the RC drilling program in early November 2017, which was designed to define the geometry of Targets 1, 2 and 3 with step-out drilling and to test a new prospect – Target 4.

A total of 21 RC holes were drilled (17WDRC050-70), 15 of which returned intercepts of greater than one gram per tonne gold, with four holes returning greater than 50g/t-metres gold.

Alliance claims the drilling confirms a new high-grade gold zone within the project complex.

Results include:

17WDRC051
35 metres at 3.65 grams per tonne gold from 43m (Target 1), including 9m at 8.91g/t gold from 44m;

17WDRC057
6m at 13.63g/t gold from 59m (Target 2), including 3m at 26.6g/t gold from 62m;

17WDRC067
15m at 18.21g/t gold from 107m (Target 4), including 7m at 35.94g/t gold from 109m; and

17WDRC070
3m at 25.45g/t gold from 81m (Target 4), including 1m at 74.2g/t gold from 81m.

“These latest and final results from the drilling program at Weednanna clearly indicate to us that we have a significant high-grade gold project on our hands,” Alliance Resources managing director Steve Johnston said in the company’s announcement to the Australian Securities Exchange.

“We expect to commence progressing Weednanna towards a resource definition, encouraged by these latest widths and grades.

“Weednanna continues to impress and with further exploration planned we believe it has the scale and grade to be a company making project.”

 

 

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

Gascoyne Resources Commences Aggressive Exploration Drilling Program

/in , /by

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has kicked off a big exploration campaign across the company’s 2.3 million ounce gold projects in Western Australia.

Gascoyne Resources will carry out some 40,000 metres of aircore drilling at the Dalgaranga gold project to test extensions to the Sly Fox deposit.

Drilling will also be undertaken at the Seagrams prospect, and to test the Greencock prospect and extensions.

Other new targets will also be subjected to testing.

Around 10,000m of RC drilling will follow up and extend exploration results at Greencock, and other anomalous Aircore results.

At the Glenburgh gold project, approximately 10,000m of Aircore drilling will test regional targets alongside 20,000m of RC drilling to improve and extend the existing resource and test new mineralisation.

Auger and Soil Geochemistry will also test extensions of known mineralisation trends.

The Mt Egerton gold project will undergo 5,000m of aircore drilling to provide preliminary testing of a southwest extension to the Hibernian and Gaffney’s shear zones greenfields exploration targets.

“The multi rig exploration drill program has been designed to test a number of the highest priority targets at the 1.3 million ounce Dalgaranga gold project, confirmation drilling at a number of the inferred resources at the 100 per cent-owned 1 million ounce Glenburgh gold project, along with initial drill tests of a number of regional exploration targets and to follow up previous shallow and high grade gold intersections at the Egerton gold project,” Gascoyne Resources said in its ASX announcement.

“The program, funded from the recently completed capital raising, will take approximately six months to complete.”

 

 

Email: admin@gascoyneresources.com.au

Website: www.gascoyneresources.com.au

Corazon Mining Strengthens Cobalt Ridge Exploration Model

/in , /by

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has received assay results from the final two holes of a recently completed 18-hole drilling program undertaken on the Cobalt Ridge prospect located within the company’s Mt Gilmore project in New South Wales.

Corazon Mining reported that drill hole MGRCD036, which tested the Main Cobalt Lode, returned results of:

5 metres at 0.53 per cent cobalt, 0.16 per cent copper, 0.08 grams per tonne gold from 224 m.

This intersection was within a broader zone of 42m at 0.11 per cent cobalt.

Corazon claimed the drilling to have highlighted multiple cobalt, copper and gold mineralised trends in what it has interpreted as being a, “long-lived, multiphase alteration and mineralising event”.

The Main Cobalt Lode has been the primary target of the company’s recent drilling and much of the historical drilling.

This lode is up to 25 metres in true width and contains multiple narrow zones of higher-grade mineralisation.

“The results of Corazon’s drilling programs to date have continued to validate and strengthen the company’s exploration model for the project as a potentially significant cobalt-copper-gold development asset,” Corazon Mining said in its ASX announcement.

“Based on the results achieved to date, Corazon will continue to rapidly advance the project.

“The next phase of work will include geophysical and geochemical surveys to test for potential extensions to the project area, as well as the continuation of Corazon’s highly successful metallurgical testwork programs.”

 

Email: info@corazon.com.au

Website: www.corazon.com.au