THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced high-grade assay results from a recent drill program and widespread surface coarse gold recovered from new reefs at East Thomson’s Dome (ETD), located in the Paterson Province in Western Australia.

Encounter Resources conducted a 15 hole program of RC drilling at the Fold Closure reef in early November 2017.

Assay results from what the company consider to be two important drill holes remain pending, however the assays received to date contain a number of additional reef-style, close to surface intersections including:

ETG109
4 metres at 4.3 grams per tonne gold from surface;

ETG110
4m at 3.5g/t gold from 17m; and

ETG106
2m at 5.4g/t gold from 46m.

The Fold Closure reef remains open, demonstrated by the most south-western hole in the program ETG103, which included:

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released further reverse circulation (RC) drilling results, this time from the company’s 100 per cent-owned Teal gold project, located 11 kilometres from Kalgoorlie-Boulder in Western Australia.

Intermin Resources completed five RC holes at the Jacques Find discovery to follow up encouraging RC drilling results announced in November that included:

JFRC1704 
26 metres at 7.81 grams per tonne gold from 48m and 16m at 5.33g/t gold from 86m.

The company explained four of the latest holes targeted oxide-transitional mineralisation zones and the fifth hole was completed as a re-entry of hole JFRC1701, which had been interpreted to have finished short of the target zone.

Results from the latest RC drilling include:

JFRC1711
27m at 4.16g/t gold from 45m ;

JFRC1713
1m at 9.53g/t and 10m at 2.59g/t gold from 71m ; and

JFRC1712
2m at 3.38g/t gold from 31m.

“Jacques Find is shaping up as a significant new discovery within our 100 per cent-owned asset portfolio and will be the subject of a larger scale resource drill program in 2018,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The latest results, particularly in the shallower supergene zone have demonstrated potential for both open cut and underground mining.

“Jacques Find is quickly joining Anthill and Blister Dam as a key part of Intermin’s longer term production profile.”

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) is completing a review and synthesis of previous exploration data and mapping by the Geological Survey of Western Australia (GSWA).

Impact Minerals applied for nine new 100 per cent-owned Exploration Licences earlier this year, covering approximately 1,300 square kilometres of ground it considers prospective for conglomerate-hosted gold in the Pilbara region of Western Australia.

The company’s review of the GSWA material is focusing on what it believes to be the two most prospective conglomerate horizons within the Fortescue Group.

These are the conglomerates of the Hardey Formation that hosts the Beatons Creek resource (6.4 million tonnes at 2.7 grams per tonne gold for 558,000 ounces of gold) held by Novo Resources Corporation near Nullagine, and conglomerates at the base of the Mt Roe Basalt., which contains the recent gold discovery at Purdeys Reward-Comet Well by Novo Resources and Artemis Resources.

Impact said that field checking and previous mapping indicates prospective conglomerates occur over at least 90 kilometres of trend at or close to surface within the company’s licence applications, in particular to the west and east of Marble Bar as well as close to the Beatons Creek deposit near Nullagine.

West of Marble Bar, previous exploration in the district has highlighted gold occurrences associated with the conglomerate horizons on and along trend from Impact’s licence applications ELA45/4972 and ELA45/4971, where four main gold-bearing conglomerate occurrences with similar characteristics to those that occur within the Witwatersrand Basin of South Africa have been discovered.

“We were recently privileged to visit the Purdeys Reward-Comet Well area with Novo Artemis and have seen first-hand the reasons why it had not been discovered before, the potential scale of the discovery and also the difficulties of exploring and sampling for this style of deposit,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“It is evident that there is a wide range in size and distribution of gold within these conglomerates and it is this that has hampered previous exploration for this style of mineralisation.

“We are now determining the most appropriate sampling methodologies for our on-ground exploration which will commence in earnest on grant of the licences.”

Impact made its move to the Pilbara following the discovery of gold in conglomerates at the base of the Fortescue Group by Artemis Resources and its subsequent Joint Venture with Novo Resources Corporation.

Impact considers this discovery has indicated a breakthrough had been made in the search for conglomerate hosted gold deposits of a similar age to the Witwatersrand Basin of South Africa in the Pilbara.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) reported the commencement of diamond drilling at the Greenwood gold prospect by the Western Gawler Craton Joint Venture.

The Greenwood prospect is located approximately 37km north of the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia.

Tyranna Resources said that approximately 1,000 metres of diamond drilling is underway to follow up the company’s grass roots gold discovery at the Greenewood gold prospect where recent high-grade reverse circulation (RC) drilling results were reported including:

From scissor hole 020
22 metres at 4.03 grams per tonne gold from 50m, including 1m at 20.4g/t gold 51 to 52m, including 1m at 36.9g/t gold from 55 to 56m; and

Hole 031 into fresh rock (primary zone) 
10m at 5.16g/t gold from 31m, including 1m at 29.4g/t gold from 36m, including 1m at 7g/t gold from 37m.

Tyranna Resources outlined the reasons the JV had to back up this drilling program to include a follow up of recent RC drilling depth penetration difficulties and to extend depth extension of primary zone fresh rock where the recent pipe like structures were located.

The JV also hopes to gain accurate structural information to update the current resource model.

HQ sized core will be drilled to provide samples for geological, metallurgical and mining studies.

“Tyranna completed a highly successful drilling program in the first half of 2016, which resulted in the discovery known as the Greenewood gold prospect located within the Jumbuck gold project,” the company said in its ASX announcement.

“This is the first grass roots discovery in the Jumbuck gold project area in over 15 years.

“After interpretation of the RC results of recent exploration drilling by Tyranna geologists, it became apparent that the next logical step was to commence the diamond drilling program to improve the understanding of the structural constraints of the mineralisation.”

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) (TYX 75% – WPG 25%) and Coombedown Resources Pty Ltd.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

THE DRILL SERGEANT: Venturex Resources (ASX: VXR) completed a review of previous exploration at the Mays Find prospect, within the company’s Whim Creek copper-zinc project, Project located west of Port Hedland in the Pilbara region of Western Australia.

Venturex Resources said the review had revealed broad gold- in-soil anomalies associated with outcropping basal conglomerate, and armed with such information declared the identification of gold occurrences associated with the Lower Fortescue Group conglomerates.

Venturex identified the gold occurrences during recent field exploration activities, which were supported by the review of historical gold exploration data at Mays Find.

The company explained the historical data is from soil sampling carried out in 2007 by Straits Resources, the previous owner of the Whim Creek project, which collected soil samples over Mays Find as part of a broader exploration program aimed at discovering additional base metal deposits.

These soil samples were collected every 50 metres along 200m spaced lines over a strike length of 5.2 kilometres, then assayed for a range of elements including gold.

Although the assays produced anomalous results of up to 52ppb gold, there was no further commentary or follow-up work undertaken at the time on the gold potential of the area.

“As part of the historical gold review, the company discovered 57 rock chip samples collected from the Mays Find area in 2014 that had not been assayed for gold,” Venturex Resources said in its ASX announcement.

“Many of these samples were described as various sedimentary rocks including conglomerate.

“The laboratory pulps derived from these rock chip samples stored at the company’s Whim Creek project have been retrieved and sent to the laboratory for a gold fire assay.

“The results from this work will be used to determine future exploration methods to be employed to pursue the conglomerate-gold potential at Mays Find.”

Venturex outlined upcoming work to include additional detailed mapping of the conglomerate and sedimentary units as well as stream sediment sampling and in-fill soil and rock sampling along the entire five to six kilometre length of the Mays Find area.

This work will likely be supported by metal detector traverses of the scree slope below the conglomerate outcrops.

Email: admin@venturexresources.com.au

Website: www.venturesresources.com.au