Impact Minerals Maintains Silica Hill Standards

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared that further drill assays from the on-going drill program at the company’s gold-silver discovery at the Silica Hill prospect have continued to confirm and expand bulk-tonnage potential.

Silica Hill is part of Impact Minerals’ 100 per cent-owned Commonwealth project, north of Orange in New South Wales and is situated close to the near-surface high-grade massive sulphide resource at the Main Shaft deposit.

Impact has tested only 10 per cent of the target area to date close to surface.

The company added that closed spaced drilling completed to date has clarified further important structural controls on high-grade shoots as well as broad vertical and lateral metal zonation within the stockwork vein system.

Hole CMIPT063 returned intersection of:

98 metres at 0.7 grams per tonne gold and 53g/t silver (1.5g/t gold equivalent) from 58m down hole, including 31m at 1.3g/t gold and 70g/t silver (2.2 g/t gold equivalent) from 58m down hole, which included 0.6m at 0.8g/t gold and 2,090g/t silver and 0.2 per cent zinc (28.5g/t gold equivalent) from 85.4m;

0.3m at 6.2g/t gold, 149g/t silver, 8.4 per cent zinc, 3.9 per cent lead and 0.2 per cent copper (16.5g/t gold equivalent);

10m at 0.5g/t gold and 232g/t silver (4.1g/t gold equivalent) from 146m, which included 1m at 0.7g/t gold and 1,285g/t silver (18.8g/t gold equivalent) from 150m; and

1.2m at 0.3g/t gold, 37g/t silver, 1.6 per cent zinc, 1.1 per cent lead and 0.1 per cent copper (2.6g/t gold equivalent) from 166.8m.

“An initial interpretation of these results combined with detailed logging of the diamond core, shows that the overall north east trending corridor of mineralisation at Silica Hill is resolving into several mineralised domains related to east-west trending, steeply south dipping structures,” Impact Minerals said in its ASX announcement.

“The intersection of the east-west and north east trending structures appears to be a strong control on the higher grade portions and shoots of the mineralised system.

“At least two east-west structures have been identified, each over at least 400 metres of strike and both open along trend and at depth.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

Mincor Resources Reports Tottenham JV Drilling Results

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THE DRILL SERGEANT: Mincor Resources (ASX: MCR) reported the completion of an initial drilling campaign undertaken by its earn-in partner, Bacchus, at the company’s 100 per cent-owned Tottenham copper-gold project in New South Wales.

Mincor Resources said the drilling had returned several broad and high-grade drill results, which it considers demonstrates potential upside to the existing Mineral Resource and improving the level of geological understanding of the deposit.

The company described Tottenham as a historical copper mining camp that is hosted within a Volcanogenic Massive Sulphide (VMS) setting, enriched in copper, gold, zinc and silver metals.

The geological setting is directly analogous to the Tritton Mine Camp (1 million tonnes of contained copper), located 120 kilometres to the north owned by Aeris Resources (ASX: AIS).

Mincor’s Tottenham ground-holdings include two Resource-level projects at Carolina and Mount Royal, which includes the Orange Plains prospect, for a total Mineral Resource of 7 million tonnes at 1.2 per cent copper for 85,000 tonnes of contained copper metal.

Bacchus completed the first phase of an agreed exploration program, which included both reverse circulation (RC) drilling at the Orange Plains prospect and an electromagnetic survey conducted within EL 8384.

A total of 15 RC drill-holes were drilled to test the periphery and extension of the Orange Plains Mineral Resource, with one hole completed to test a magnetic feature just north of the prospect.

“Solid mineralised intersections were returned in holes TPRC076, TPRC083, TPRC086 and TPRC087, comprising mainly of banded pyrite and chalcopyrite with negligible massive sulphides,” Mincor Resources said in its ASX announcement.

“The banded sulphide mineralisation is the main form of mineralisation at the Tritton orebodies and is difficult to detect in electromagnetic geophysical surveys which are designed to detect large massive sulphide bodies.

“The Orange Plains Mineral Resource remains open down-dip and along strike.

“The mineralised horizon now appears to be folded, which is known to be an important structural control to the thickened orebodies in and around Tritton.”

Under the terms of the Tottenham JV, Bacchus can earn a 30 per cent interest in the project by spending $700,000 on exploration, with a minimum expenditure of $200,000 to earn approximately 11 per cent.

Website: www.mincor.com.au

St George Mining Turns Attention to Windsor Exploration

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) outlined its upcoming exploration program for the Windsor nickel sulphide prospect at the company’s 100 per cent-owned East Laverton project in Western Australia. 

St George Mining completed drilling at the Windsor nickel sulphide prospect earlier this year focused on testing near surface EM (electromagnetic) conductors.

The company explained the drill targets included EM plates modelled with a very high conductivity of +200,000 Siemens located within a thick ultramafic channel where previous drilling intersected high-magnesium oxide ultramafics and magmatic nickel sulphide mineralisation, indicating that the channel is a highly prospective setting for massive nickel sulphides.

St George indicated a SAMSON EM survey is scheduled to commence at Windsor later this month at the Alexander project, once a current EM survey being undertaken over the western extension of the Cathedrals Belt is completed.

The high-powered SAMSON EM survey will search for deep conductors at the basal contact of the Windsor channel and will also provide additional EM data to further model the shallow EM targets at Windsor.

St George expects a follow-up diamond drill program will be scheduled for Windsor once survey results are reviewed and modelling of EM targets is completed.

“The identification of widespread magmatic nickel sulphides within the high-magnesium oxide Windsor ultramafic – together with multiple and still unexplained strong EM conductors – supports the prospectivity of the channel for massive nickel sulphide mineralisation,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are excited at this next phase of exploration at Windsor.”

Website: www.stgm.com.au

Australian Potash Installs Two New Test Bores at Lake Wells

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THE DRILL SERGEANT: Australian Potash (ASX: APC) has installed two additional test-production bores (TPBs) at the company’s Lake Wells potash project, north-east of Kalgoorlie in Western Australia.

Australian Potash explained the installation of the latest TPBs follows the installation of three test-production bores in October last year across the high-grade zone hosting the large indicated JORC-compliant resource of 12.7 million tonnes of contained sulphate of potash (SOP).

The company anticipates development of a further two TPBs before the end of the program by October 2017, which will represent completion of 20 per cent of the Stage 1 development borefield at the Lake Wells potash project.

On development, Lake Wells will comprise a 150,000 tonne per annum (tpa) SOP processing operation supported by a 35 bore brine abstraction network.

In addition to the two new TPBs, Australian Potash has also completed five monitoring bores to further define the geometry and stratigraphy of the palaeovalley sequence along which the production borefield will be constructed.

TPBs installed under the current program are undergoing test-pumping to determine accurate flow rates, with long-term test pumping of up to 12 weeks/24 hours per day to commence shortly.

Data acquired through long-term test-pumping programs will assist with the calculation of a JORC compliant reserve estimate.

“The installation of these new bores is another key step in unlocking the value of our flagship Lake Wells Potash project,” Australian Potash executive chairman Matt Shackleton said in the company’s announcement to the Australian Securities Exchange.

““Initial results from the new bores installed at sites C and D are very promising, and with several active site programs underway, we look forward to updating our shareholders on further operational progress from our ongoing feasibility study in the near-term.”

Website: www.australianpotash.com.au

Musgrave Minerals Extends Break of Day Golden Run

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further intersections at the Break of Day deposit with results received from recently completed reverse circulation (RC) drilling.

Musgrave Minerals’ wholly-owned Break of Day gold deposit is on the Cue project in the Murchison region of Western Australia.

The company received individual one-metre assay results for all drill holes (17MORC092-93 and 17MORC097-98) that were drilled to test the near surface extension of the Velvet Lode in an area previously not drilled and intersected high-grade gold mineralisation.

These gold intercepts are considered to be potentially open pittable and will add to the current resource.

Near surface drilling to test the open cut mining potential at Break of Day intersected:

17MORC093
13 metres at 8.8 grams per tonne gold from 102m down hole, including 1m at 28.7g/t gold from 102m down hole and 1m at 62g/t gold from 113m down hole; and

17MORC098
4m at 10.5g/t gold from 52m down hole, including 2m at 18.8g/t gold from 53m down hole.

Extensional drilling at Break of Day intersected further high-grade gold south of the current resource including:

17MORC090
1m at 13.6g/t gold from 171m down hole; and

17MORC086
2m at 5.2g/t gold from 234m down hole, including 1m at 9.4g/t gold from 234m down hole.

“The Break of Day deposit continues to grow with the new south plunging high-grade shoot still open,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This new shoot is projected below the current drilling and creates a significant opportunity for the company to grow the high-grade gold resource at Break of Day.

“The high-grade gold intersected near surface will also enhance the open cut mining potential at Break of Day.

“The Musgrave team will aim to double the Moyagee resource over the next 18 months through additional RC and diamond drilling.

“We are yet to find the edges of the Break of Day deposit which is proving to be part of a significant high-grade mineralised gold system.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Intermin Resources and JV Partner Work Up Richmond Resource

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THE DRILL SERGEANT: Intermin Resources (ASX: IRC) is in a Joint Venture with AXF Resources that covers the1,550 square kilometre Richmond vanadium project over five exploration permits 260km east of Mt Isa in central Queensland.

Intermin Resources informed the market that AXF has commenced metallurgical sampling and compilation of an updated JORC 2012 Compliant Mineral Resource Estimate for the Richmond Vanadium project.

Intermin explained the updated Mineral Resource Estimate is being compiled to account for recent changes in tenement boundaries and to comply with JORC 2012 reporting requirements.

Intermin has conducted extensive field work and metallurgical test work to assess pre-concentration and metal extraction flowsheets, while AXF has completed initial bulk sample collection of vanadium ore for dispatch to research institutes in China for detailed metallurgical testwork.

The project contains a historic 3.3 billion tonne vanadium – molybdenum Resource (JORC 2004) grading 0.4 per cent vanadium oxide (V2O5) and 295 grams per tonne molybdenum trioxide (MoO3)

“With the increasing interest in the energy metals space and rising vanadium prices, we are extremely pleased to be advancing this globally significant resource with our JV partner AXF who bring both technical expertise and commercial opportunities in China,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Vanadium redox flow battery applications for grid-scale renewable energy storage systems is set to continue growing at a rapid rate and, together with conventional steel alloy and chemical demand, places the project front and centre as a potential leading supplier into the future.”

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

Latin Resources Encouraged by Argentine Field Activities

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) informed the market of field activities including mapping and sampling undertaken at the company’s Geminis mine in San Luis, Argentina.

Latin Resources said the recent work had produced very positive results.

The company commenced detailed geological mapping and sampling at the Geminis mine after the signing of a binding letter of intent in August 2017.

The initial work has concentrated efforts in and around the Geminis mine workings and then expanded out into the Don Gregorio exploration concession.

Latin Resources explained that, in the mine area, six pegmatite bodies were mapped – sometime as discreet structures over a strike length of 1.6 kilometres – following the major trend of the orebody that has been exploited through historical mining.

Individual pegmatites vary from four metres up to 20m in thickness and dip relatively gently to the south east at between 15 to 30 degrees, which Latin Resources considers to be an ideal orientation for any future possible open pit mining.

The company said the results from the sampling confirmed the spodumene zones that have been exposed by the historical mining contain encouraging lithium grades even after having been significantly weathered.

Latin Resources added that it expects the grades of lithium in fresh material should be higher as lithium is very mobile and is usually highly depleted from the host rock by the weathering process.

“The acquisition of the Geminis mine and subsequent positive field work that displays pegmatites with strike length of 7.5 kilometres, thickness of four to 20 metres coupled with high-grades of lithium gives Latin a fantastic opportunity to develop a JORC resource quickly then into a potential open pit mine,” Latin Resources managing director Chris Gale said in the company’s announcement to the Australian Securities Exchange.

“With the delay in permitting due to local elections over, this will now allow Latin to finish of its EIA and Drill permit to start drilling very soon.”

Email: info@latinresources.com.au

Website: www.latinresources.com.au

Auroch Minerals Commences Czech Republic Drilling

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU has commenced an initial diamond drilling program at the company’s Tisová mine in the Czech Republic.

Auroch Minerals explained the drilling is to consist of four holes in Phase 1, based on previous work at Tisová, which has defined the position, size and scale of the project’s orebody.

Drilling of the four diamond drill holes is anticipated to take approximately six to seven weeks, after which the core will be cut and sampled onsite and then sent to ALS in Romania where they will be assayed for a multi-element suite by ICP-MS and precious metals by fire assay.

Auroch expects an assay turnaround time of approximately four weeks.

“The new 3D geology model, built from a database that includes over 30 kilometres of underground workings and more than 200 drill holes, has allowed us to better understand the upside in the size and scale of Tisová and plan our drilling accordingly,” Auroch Minerals CEO Dr Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“The ore body is clearly significant in its potential and we look forward to drilling results and assay results over the coming few months.”

Auroch Minerals is primarily focusing on the exploration of metals crucial to the Renewable Energy Industry, specifically targeting cobalt and lithium, which are both used in the production of lithium-ion batteries and polymetallic metals.

Email: admin@aurochminerals.com.au

Website: www.aurochminerals.com.au

Kin Mining Achieves High-Grades from Leonora Diamond Drilling

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced a series of high-grade diamond core intersections from recent drilling carried out within the company’s Leonora gold project (LGP) in Western Australia.

Kin Mining explained the main objective of the diamond drilling to be to enable the company to establish final geotechnical and metallurgical parameters for the soon to be completed Ore Reserves.

A total of 19 diamond holes were completed, with several geotechnical holes extended below the proposed pit designs to test for extensions of primary gold mineralisation at depth.

Highlights included:

CA17DD011 
18.7 metres at 3.1 grams per tonne gold from 61.4m, including two high-grade zones of 0.35m at 73.4g/t gold and 0.35m at 24.1g/t gold

CA17DD007 
1.8m at 6.3g/t gold from 55.5m, including 0.5m at 19.7g/t gold

ME17DD002 
7.95m at 4.2g/t gold from 114m including 0.3m at 64.8g/t gold

CA17DD001 
2.4m at 8.5g/t gold from 40.3m including 0.3m at 20.1g/t gold

RA17DD003 
0.77m at 13.2g/t gold from 69.7m including 0.3m at 31.5g/t gold

RA17DD004 
11.45m at 3.7 g/tgold from 14.25m including 1.25m at 24.6g/t gold

“These results confirm that high-grade mineralisation persists at depth and that these deposits remain open and are yet to be fully defined,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The diamond core has given a greater understanding of the structure and style of mineralisation of our key deposits and we plan to follow-up on these results very shortly.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

Triangle Energy salutes Norwest Energy Drilling Skills

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THE DRILL SERGEANT: Triangle Energy (ASX: TEG) backed up the announcement of its Joint Venture partner Norwest Energy regarding progress at Xanadu-1 drilling operations south of Dongara in Western Australia.

Triangle Energy reminded the market that Xanadu-1 was being drilled as a conventional oil exploration well, designed to test for the presence of hydrocarbons in the Xanadu prospect, located offshore in shallow waters near Dongara.

According to the JV partners, drilling operations have made excellent progress since the well was spudded on in September, with evaluation of the Xanadu prospect ongoing.

The drilling achieved total depth (TD) with the JV claiming confirmation that Xanadu-1 intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections.

The TP/15 JV has determined the drilling results provided sufficient encouragement to commit to running a wireline logging suite that includes pressure testing and fluid sampling.

In addition to the pending logging program, a seven-inch casing string is currently on its way to site from the North West, so that in the event that logging results are positive, the well will be cased and suspended in preparation for an extended well test once planning and approvals are complete.

“We are very encouraged by the excellent results of this drill to date,” Triangle Energy managing director Rob Towner said in the company’s announcement to the Australian Securities Exchange.

“The presence of hydrocarbons combining elevated gas readings, oil shows, fluorescence and cut fluorescence has given the Joint Venture the confidence to immediately commit to further work to progress the well.”

Email: admin@triangleenergy.com.au

Website: www.triangleenergy.com.au