THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) released technical information, which it claims provides strong independent support for potential of a world-class porphyry copper-gold deposit at the company’s 100 per cent-owned Stavely copper project in western Victoria.

Stavely Minerals has recently completed RC and diamond drilling it says has not only produced impressive copper-gold assays, but has also provided further strong indications for a potential discovery.

The company said technical data collected from recent drilling at the Thursday’s Gossan porphyry copper-gold prospect has surpassed previously released copper and gold grades, leading the company to consider it may have a reasonable copper-gold discovery opportunity.

Results of recent drilling have been interpreted to be structurally controlled ‘leakage’ from a mineralised alkalic copper-gold porphyry at depth.

Independent datasets have highlighted a copper-gold porphyry target zone located beneath recent drilling.

These include: Short-wavelength absorption features for white micas highlight the shortest wavelengths in the hangingwall to the ‘leakage’ structure, indicating proximity to a porphyry source; and the occurrence of ‘acid-sulphate’ alteration minerals, including pyrophyllite and alunite together with observed vuggy silica textures the company considers characteristic of a high-level position in the mineralised system for the drilling to date.

“We have now amassed a significant body of independent technical work – augmented by independent technical experts who are individual leaders in the field of porphyry exploration – which provides strong support for the discovery potential and the targeting approach we have adopted at Thursday’s Gossan,” Stavely Minerals managing director Chris Cairns said in the company’s announcement to the Australian Securities Exchange.

“We hope that by providing open access to the underlying experts’ reports and providing a downloadable 3D model with various switchable layers that can be interrogated and rotated, we can better share the reasons why we are so excited about the discovery opportunity ahead of us.

“To put it simply, we want everyone to be able to see what we are seeing.”

Stavely Minerals already has the next phase of follow-up diamond drilling at Thursday’s Gossan underway, with the first hole completed and the second in-progress.

The company has a total of up to eight holes planned as part of the current program, with drilling set to continue for the next few months.

Website: www.stavely.com.au

THE DRILL SERGEANT: Talisman Mining (ASX: TLM) completed a five-hole RC drill program at the company’s 100 per cent- owned Sinclair nickel project in Western Australia.

Talisman Mining explained the drilling was carried out to follow-up recent highly encouraging results at the Schmitz Well South and Delphi North prospects.

Four holes were undertaken at the Schmitz Well South prospect along strike and downdip from recent air-core (AC) drilling results at Schmitz Well South, which had returned:

SNAC0083
1 metre at 0.68 per cent nickel from 27m down-hole; and

SNAC0096
5m at 0.5 per cent nickel from 50m down-hole.

Although all four holes of the latest RC drilling program intersected a consistent, thick sequence of high-magnesian ultramafic rocks including minor disseminated sulphides, they did not return any significant nickel intersections.

“Talisman interprets the results to represent a possible channel flow environment with the potential to host accumulations of nickel sulphides,” Talisman Mining said in its ASX announcement.

“The thick ultramafic sequence overlies a basaltic footwall unit similar to that seen at the Sinclair Mine and other locations along the ultramafic belt.”

The fifth hole of the recent drilling program was carried out on the Delphi North prospect with the aim of providing the company with further understanding of the interpreted massive and disseminated nickel sulphide mineralisation near high conductance electromagnetic (EM) conductors it had identified in previous drilling.

The company reported the drill hole intersected the lower edge of previously modelled EM conductors and encountered massive and disseminated nickel sulphide mineralisation on the basal contact.

Assays results included:

SNRC031
2m at 1.95 per cent nickel from 198m down-hole, including 1m at 2.97 per cent nickel from 199m down-hole.

Talisman said the results from this hole had continued to highlight the potential for additional sulphide mineralisation at Delphi North where previous RC and diamond drilling has returned encouraging results.

“Talisman will continue to evaluate the potential of the Delphi North prospect to host economic nickel sulphide mineralisation and to develop exploration programs across the wider Sinclair nickel project as part of it’s staged, cost effective exploration strategy,” the company said.

 

Email: info@talismanmining.com.au

 

Website: www.talismanmining.com.au

THE DRILL SERGEANT: Kin Mining (ASX: KIN) declared RC drilling has extended mineralisation at the company’s Leonora Gold Project (LGP) in Western Australia.

Kin Mining is conducting the drilling targeting high-grade extensions at two key deposits; Helens and Lewis, both located within the Cardinia Mining Centre.

The company announced the RC drilling has confirmed in excess of 100 metres of high-grade gold mineralisation along strike at both Helens and Helens East deposits.

The mineralisation now extends at depth well below the proposed open pits and the system remains open.

Highlights include:

HE17RC128
2 metres at 18.5 grams per tonne gold from 5m, including 1m at 35g/t gold, and 2m at 3.34g/t gold from 88m to End of Hole;

HE17RC132
5m at 5g/t gold from 80m, including 1m at 15g/t gold; and

HE17RC133
3m at 3.7g/t gold from 72m, including 1m at 8g/t gold.

Assay results from drilling at the Fiona prospect immediately north of HE17RC128 are awaited.

Further RC Drilling is currently underway at the nearby East Lynne deposit, designed to test bonanza results intersected in hole EL17RC003 of 3m at 209g/t gold, from surface, which included o 1m at 551g/t gold.

“Current drilling is designed to test open extensions of mineralised ore shoots at Cardinia,” Kin Mining said in its ASZX announcement.

“Our team is extremely pleased to announce that initial results from the current drilling campaign at the Helens Resource area have intersected significant mineralisation that confirms gold mineralisation outside the current pit designs.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

THE DRILL SERGEANT: Sayona Mining (ASX: SYA) announced the lodgement of drilling permits for a Phase 3 resource expansion drilling program to be undertaken at the company’s Authier lithium project in Quebec, Canada.

Sayona Mining indicated it is planning a diamond drilling program of up to 3,000 metres commencing in early November.

The objectives of the drilling program, include:

Collecting up to 5 tonnes of drill core for a pilot metallurgical testing program. The pilot program data will be used for inputs into the process plant design in the Definitive Feasibility Study (DFS);

Infill definition drilling within the main resource zone where the mineralisation is not well defined and is currently treated as waste. This has the potential to reduce the waste to ore ratio;

Potential expansion of the northern pegmatite zone which intersected 7 metres at 1.36 per cent lithium oxide from 15 metres in the last drilling program; and

Completion of geotechnical drilling to enable finalisation of the pit wall slopes for the DFS.

“The drilling and pilot metallurgy programs will be the last major work programs before completion of the DFS in early 2018,” Sayona Mining said in its ASX announcement.

Email: info@sayonamining.com.au

Website: www.sayonamining.com.au