Metalicity Conducting Lithium Review

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THE DRILL SERGEANT: Metalicity (ASX: MCT) is conducting a geological review of its four lithium projects in Western Australia.

Metalicity has appointed CSA Global to conduct the review charged with the aim of generating new targets and prioritising existing targets for future drilling.

Metalicity has put together a sizeable landholding in Australia’s two key lithium producing districts, the Greenbushes district and the Wodgina-Pilgangoora district.

Previous targeting work conducted by Metalicity has focussed on mapping of pegmatites at its Pilgangoora North project and the Stannum prospect within its Wodgina South project.

This area represents approximately 20 per cent of the company’s lithium-prospective land package and it believes there to be potential to generate new targets for drilling within these two hard rock lithium producing regions.

From recent field work at the Pilgangoora North project, Metalicity confirmed that pegmatites interpreted from satellite imagery, are present; some of which host anomalous lithium values.

An initial four-hole 600m reverse circulation percussion (RCP) drill program was undertaken aimed at testing pegmatites in the southern portion of the project area the company had interpreted to be extensions of the Lynas Find deposit pegmatite system.

Although this was a very limited drill program, pegmatites were intersected in every hole.

No significant levels of lithium were encountered in this program, however Metalicity said it had been encouraged by the continuity and thickness of the pegmatites, which it determined to be comparable to the Pilgangoora deposits to the south.

“The initial four-hole drill program at Pilgangoora North targeted the most accessible pegmatites which represent a small fraction of the mapped or interpreted pegmatites that have been identified at the project, some of which are confirmed from rock chip sampling as lithium bearing,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Given the size of the company’s lithium portfolio and interest from end users in the sector, we believe this is a right time to appoint lithium experts from CSA Global to conduct a targeting review of our entire lithium portfolio and determine the best strategy to progress these assets.”

Website: www.metalicity.com.au

Azure Completes Inital Mexican Drill Program

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) completed the first drilling program on the company’s 100 per cent-owned Sara Alicia gold-cobalt project, located in the northern Mexican state of Sonora.

Azure Minerals said the reconnaissance drilling was designed to test a zone of high-grade gold and cobalt mineralisation, which was historically exploited by small-scale underground mining in the 1930s.

The area was further outlined by Azure’s sampling of surface outcrop and underground exposures which returned high-grades up to maximum values of 39 grams per tonne gold and 7 per cent cobalt.

The company explained the initial drilling program comprised six holes of diamond core designed to test around the old mine workings and beneath the outcropping gold and cobalt mineralisation to determine potential grade, width and orientation of the mineralised zone.

“Core logging identified carbonate rocks intruded by a granodiorite porphyry, causing strong alteration and mineralising reactions in the limestones, forming a skarn horizon enriched with garnets, magnetite and sulphides,” Azure Minerals said in its ASX announcement.

“Each drill hole was sampled in its entirety and dispatched to the Bureau Veritas laboratories in Hermosillo, Mexico, and Vancouver, Canada for precious metal and base metal analyses respectively.

“Due to a very busy northern hemisphere field season, the turnaround time for sample analysis in Vancouver is currently between four and six weeks.

“Assay results for the Sara Alicia holes are expected between late November and early December.”

Website: www.azureminerals.com.au

Legend Mining Commences Aircore Drilling at Rockford

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) has commenced aircore drilling commenced at the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining said the 65-hole program will focus on multiple targets at Area D and immediate surrounds.

The company explained its exploration focus had been drawn back to Area D following a review of petrology results from diamond drilling completed in July 2016.

Of interest was a drill core sample from 626.8 metres in diamond hole RKDD00 that displayed disseminated pyrrhotite/chalcopyrite/pentlandite of magmatic origin in a cumulate textured olivine bearing ultramafic.

Legend Mining considered these to be positive factors that indicate Area D could potentially be in a favourable environment for nickel-copper mineralisation.

Previous exploration at Area D involved extensive moving and fixed loop electromagnetic surveying with eight conductors (D1-D8) identified, seven of which were tested with RC/diamond drilling.

This activity covered a three kilometre by two kilometre area around a discrete gravity high.

Legend indicated the current aircore program aims to extend the coverage to an area of approximately 7km by 5km as well as testing other aeromagnetic lows and highs.

“The drilling will provide valuable information on the regolith depth/profile, basement lithologies and the litho-geochemical signature of the basement rocks,” Legend Mining said in its ASX announcement.

“It will also provide data to enable selection and prioritisation of areas for the next phase of our innovative high-power EM surveys.

“The program is estimated to take three to four weeks to complete with assay results expected four weeks later.”

 

Email: info@legendmining.com.au

 

Website: www.legendmining.com.au

Parkway Minerals Establishes New Dandaragan Exploration Targets

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THE DRILL SERGEANT: Parkway Minerals (ASX: PWN) has eyeballed new Exploration Targets in the company’s Dandaragan Trough fertiliser project in the Midwest wheat belt region of Western Australia.

Parkway Minerals’ project covers an area of 1,050 square kilometres north of Perth where the company has development underway that is focused on the Dinner Hill deposit in the north western corner of the project.

Parkway has already established JORC 2012 resources for both phosphate and potash mineralisation.

The company also has an extensive tenement holding in the Dandaragan Trough covering prospective greensand sequences.

Wide-spaced exploration drilling by the company and other explorers has defined potash and phosphate mineralisation, which has allowed exploration targets for both potash and phosphate to be estimated on four prospects within the southern portion of the project area.

“These additional Exploration Targets reinforces our belief that the Dandaragan Trough has the potential to be a multi-decade supplier of phosphate and potash fertilisers to the regional agricultural sector, which is currently dependent on imports to meet the growing demand,” Parkway Minerals managing director Patrick McManus said in the company’s announcement to the Australian Securities Exchange.

Email: info@parkwayminerals.com.au

Website: www.parkwayminerals.com.au

Core Exploration Confirms Barrow Creek Lithium Potential

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) announced it has taken delivery of all outstanding assays relating to soil and rockchip sampling undertaken at the company’s Barrow Creek lithium project in the Northern Territory.

Core Exploration said the results from the regional-spaced soil samples (over 2,000 samples collected) indicate there being a substantially larger footprint of lithium anomalism than depicted by historic pegmatite workings.

Core said its baseline exploration highlighted a new large prospect area, which has optimistically been called Tesla, where elevated lithium in soils form a five kilometre long arcuate trend highlighting previously unmapped pegmatites.

Another prospect – the Ringing Rocks prospect – a distinct lithium-in-soils anomaly has been identified coincident with the outcrop position of two large pegmatite bodies, with surface expressions measuring 700 metres by 220 metres and 360m by 150m that Core thinks may represent a single pegmatite body of approximately 1200m by 300m with surface rock chips assaying up to 0.6 per cent lithium oxide (Li2O).

The company said rockchips and detailed mapping it has undertaken have confirmed the lithium potential of a number of historic prospects, including Jump Up, Ballace’s Claim 1 & 2, Tabby Cat, Hugo Jack’s, Boyce’s Corner, Johannson’s, Jody’s, Slippery and Krakatoa.

Many other pegmatite occurrences were identified and investigated during the conduct of regional reconnaissance work.

“Historical pegmatite prospects and mine areas considered prospective for Lithium-Caesium-Tantalum (L-C-T) Type pegmatite were geologically appraised and mapped, then sampled to determine representative whole rock geochemistry,” Core Exploration said in its ASX announcement.

“Pegmatite from many of these prospects appear to be highly weathered, and it is likely that the pegmatites may be more widespread than currently revealed, under thin cover.

“Analysis of assay results from the current program suggests coincident soil/rockchip lithium anomalism and pathfinder element associations (Cs-Ta-W-Sn-Rb) at a number of prospects.

“Combined with mapping data, Core has prioritised the targets.

“The most notable are Ringing Rocks, Jump Up and the newly discovered Tesla prospects.”

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au

Parkway Minerals Increases Dinner Hill Resource

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THE DRILL SERGEANT: Parkway Minerals (ASX: PWN) has updated the phosphate and potash resources at the wholly-owned Dinner Hill deposit, located north of Perth.

Parkway Minerals’ Dinner Hill deposits is situated within the company’s 100 per cent-owned Dandaragan Trough fertiliser project area.

The Dinner Hill deposit now boasts an Indicated and Inferred Phosphate Mineral Resource of 630 million tonnes at 1.85 per cent phosphorus pentoxide (P2O5).

Within this phosphate resource there is an Indicated Mineral Resource of 160 million tonnes at 2.45 per cent P2O5 and an Inferred Mineral Resource of 470 million tonnes at 1.7 per cent P2O5.

The Dinner Hill Deposit area comprises Exploration Licence’s E70/3987 and E70/4138, which cover a combined area of 332 square kilometres.

Within this, the resource covers an area of approximately 52 square kilometres and the Exploration Target covers an additional 40 square kilometres.

Parkway Minerals explained the principal potash mineralisation is associated with the phosphate Resources within the Molecap Greensand, which contains Indicated and Inferred potash mineral Resources of 630 million tonnes at 4.4 per cent potassium oxide (K2O).

This marks a 250 per cent increase in tonnes and a 16 per cent grade increase compared to the company’s previous estimate published in June 2015.

An additional Indicated and Inferred Mineral Resource of 280 million tonnes 2.6 per cent K2O occurs marginal to the phosphate resource.

“The restrictions to the Resource, caused by metallurgical constraints, has caused the removal of some areas, previously included as Indicated Resource, from the resource inventory,” Parkway Minerals managing director Patrick McManus said in the company’s announcement to the Australian Securities Exchange.

“These have been replaced with areas which have not been drilled to the same density and which are classified as Inferred Resource.

“The Resource area now covers 52 square kilometres within the Dinner Hill project area.

“Based on the positive testwork carried out by KEMWorks we believe that further testwork may allow some of the material removed from the resource to be re-included”

Email: info@parkwayminerals.com.au

Website: www.parkwayminerals.com.au

Gold Road Resources Continues to Add Value to Gruyere Gold Project

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) announced results from bedrock drilling being carried out at the Gruyere Joint Venture (Gold Road 50%).

The 144 square kilometre Gruyere JV tenements are a 50:50 joint venture with Gold Fields.

Complementing this is the North Yamarna project (100% Gold Road), and the South Yamarna Joint Venture is a 50:50 joint venture with Sumitomo Metal Mining Oceania.

Gold Road Resources explained the ongoing program is focussed on discovering and defining high margin mining projects within 25 kilometres of the Gruyere mill and open pit mine, both of which are currently under construction.

The company reported that the drilling encountered high‐grade gold along the strike length of both the Attila ‐ Alaric and Gruyere ‐ YAM14 trends at the Gruyere JV.

The best intersections achieved at the Attila ‐ Alaric Trend from the 14 kilometres of strike include:

Argos RC drilling:

17ALRC00194
8 metres at 4.95 grams per tonne gold from 205m; and

17ALRC0200
3m at 11.87g/t gold from 123m.

Attila RC drilling:

17ATRC0032
11m at 2.89g/t gold from 20 metres; and

17ATRC0027
5m at 5.16g/t gold from 114m.

Alaric DDH drilling:

17ALDD0007
1.6m at 11.56g/t gold from 276m.

Along the 11 kilometres of strike of the Gruyere ‐ YAM14 Trend, the best intersections included:

Gruyere DDH drilling:

17GY0336
40m at 2.51g/t gold from 417m.

YAM14 DDH drilling:

17DHDD0014
11 metres at 2.46g/t gold from 85m.

YAM14 RC drilling:

17DHRC0066
8m at 2.9g/t gold from 88m; and

17DHRC0067
18m at 1.26g/t gold from 104m.

Gold Road said it was encouraged by these results, believing that the widths and grade of gold mineralisation may be a source of higher-grade ore feed to supplement the Gruyere mine as outlined in the Gruyere Feasibility Study.

Gold Road is manager of the exploration program that is part of the company’s extensive Greenfields exploration drilling campaign on the Yamarna and Dorothy Hills Greenstone Belts.

“Taking projects to advanced stages within the Gruyere JV tenements substantiates our exploration strategy of targeting high margin mill feed which will add value and mine life to the Gruyere Gold Project,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“These results provide a solid foundation of resource development and bolster our exploration efforts on the joint venture ground.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au

Metalicty Completes First Pilgangoora Drilling Program

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THE DRILL SERGEANT: Metalicity (ASX: MCT) has completed a round of reverse circulation (RC) drilling at Pilgangoora North (formerly Lynas Find North) lithium project in Western Australia.

Metalicity has identified lithium bearing pegmatites at the Pilgangoora North project, which have been mapped during recent field exploration.

The company said ith as observed these pegmatites – mapped over the project area – to be shallowly dipping, stacked, sill-like bodies.

“The southernmost pegmatites are located one kilometre along strike to the north from the Lynas Find deposit within the world class Pilgangoora lithium project, where intersections including 21 metres at 2.64 per cent lithium dioxide (Li2O) have been recorded,” Metalicity said in its ASX announcement.

The company explained the 500 to 600 metre RC drill program was aimed at testing for mineralised pegmatites extending north into the southern parts of the tenement below the pegmatites already mapped at surface.

“Drilling intersected pegmatites in every hole, and samples are currently being assayed by SGS Laboratories,” Metalicity said.

“Results and interpretation of the program are expected by months end.”

Metalicity also announced the receipt of the last remaining regulatory approvals for the commencement of a maiden RC drill program at the company’s 100 per cent-owned Kyarra cobalt project, located in the emerging Yerrida Basin, WA.

Metalicty said it considers the Kyarra cobalt project to be highly prospective for structural/stratigraphic-controlled copper-cobalt and potentially nickel-cobalt mineralisation.

The initial 1,800m RC drill program will commence in the next week.

Website: www.metalicity.com.au

Triangle Energy Announces Confirmation of Xanadu-1 Oil Discovery

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THE DRILL SERGEANT: Triangle Energy (ASX: TEG) confirmed to the market of an oil discovery at the Xanadu-1 Joint Venture in Western Australia.

Triangle Energy said the Xanadu-1 well result and confirmation of discovery was a great outcome for the company and its shareholders.

“Confirming a new oil discovery at Xanadu is an outstanding achievement,” Triangle Energy managing director Rob Towner said in the company’s announcement to the Australian Securities Exchange.

“There hasn’t been an oil discovery in the offshore Perth Basin since Cliff Head over 15 years ago.

“It’s exciting for the industry and for Western Australia. 

“Based on the current understanding of the structure there is an excellent chance of finding a significantly thicker column in an up-dip location which can be reached from the current drilling pad.”

Xanadu is located 14 kilometres south east of Triangle’s Cliff Head Oil Field and the onshore Arrowsmith Stabilisation Plant (ASP).

Arrowsmith has the capacity to service third party crude and therefore can expedite any production from Xanadu to market.

Triangle Energy believes access to the Arrowsmith infrastructure will reduce the capital expenditure required by the JV and is currently underutilised.

Current production from Cliff Head utilises only 1,200 barrels of oil per day with a plant capacity of 15,000 barrels per day.

Website: www.triangleenergy.com.au

Genesis Minerals Progresses Ulysses to Feasibility Study

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THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) is set to commence a Feasibility Study on the development of a long-term standalone underground mining operation at the company’s 100 per cent-owned Ulysses gold project, located south of Leonora in Western Australia.

Genesis Minerals said the decision to move ahead immediately with a Feasibility Study follows the completion of a positive Scoping Study, which confirmed the potential of an underground mine at Ulysses assuming toll treatment of ore as the base case scenario.

The company said drilling had confirmed the Ulysses West shoot has a plunge extent of more than 400 metres and remains open at depth.

Some 4,000 metres of RC and diamond drilling will be carried out to upgrade and expand the current Mineral Resource to a vertical depth of approximately 215 metres below the current open pits.

The resulting updated Resource will underpin the Feasibility Study.

A further 2,400 metres of drilling is planned should the results of this first 4,000m be successful in expanding the Mineral Resource.

“The recently completed Scoping Study has outlined a strong case for the development of an underground mine at Ulysses which we believe represents an attractive opportunity for the company to generate significant cash-flows assuming a toll-treatment scenario,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“That said, should we be successful in expanding the Resource outside of the area included in the Scoping Study, there is strong potential for us to consider a much longer life standalone underground mining and processing operation.

“We have therefore decided to move ahead immediately with a Feasibility Study targeting commencement of underground mining in the second quarter of 2018.

“We have also approved an immediate 4,000 metres extensional and in-fill drilling program to a depth of 215 metres below surface to upgrade the Mineral Resource and allow us to move forward with permitting and other pre-development activities.”

Website: www.genesisminerals.com.au