ABx Group Increases Tasmanian Rare Earth Resources to 89Mt

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THE DRILL SERGEANT: ABx Group (ASX: ABX) released an updated Mineral Resources Estimate (MRE) for the company’s projects in northern Tasmania.

Abx Group, with assistance from consultants, completed an updated resource estimation of the Deep Leads – Rubble Mound and Wind Break rare earth resources located on the outskirts of Launceston.

The estimate is 89 million tonnes averaging 844ppm total rare earth oxides (TREO), from 29 per cent of the mineralised outline being a 70 per cent increase in tonnes and three per cent higher grade than the company’s previous estimate.

“This 70 per cent expansion of our rare earths resource arises from 400 new drillholes and expansion of our mineralised outline by ABx’s proprietary exploration technology,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“This campaign has enhanced the higher-grade zones that are our top candidates for production studies.

“Because ABx is beginning economic studies, we have introduced a cut-off grade based on the gross value of contained rare earth oxides that allows us to easily vary the in-situ gross dollar value of resource estimates in the higher-grade zones.

“ABx’s resource is exceptionally enriched in permanent magnet rare earths, especially dysprosium and terbium, which have the highest global supply risk and are almost exclusively produced from ionic adsorption clay rare earth deposits in China and Myanmar.

“ABx is focused on creating a rare earths project that can address looming supply shortages of these critical minerals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Scores Drilling and Geophysical Grant Double

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) picked up two WA Government Exploration Incentive Scheme (EIS) co-funded grants for drilling at the company’s 100 per cent owned projects in Western Australia.

Dreadnought Resources has been awarded two EIS co-funded drilling grants worth up to $150,000 each for:

RC drilling at the Tiger target part of the Mangaroon gold project; and

An induced polarization geophysical survey at the Tarraji copper-gold project aiming to highlight additional Grant’s Find like copper-gold epithermal targets.

“Dreadnought is pleased to continue to receive recognition and support from the Geological Survey’s EIS co-funded drilling program,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The program is highly competitive, and the awarding of these grants further recognises the technical merits and potential of Tiger and Tarraji.

“We look forward to commencing these programs and we are already mobilising to Mangaroon Gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Impact Minerals Awarded EIS Funding of $180,000 for Drilling at Caligula

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has scored $180,000 under the WA Government’s Exploration Incentive Scheme to co-fund drilling at the company’s 100 per cent-owned Arkun project in Western Australia.

Impact Minerals will use the funds for drilling of the Caligula copper prospect at the Arkun project.

The Caligula prospect comprises a large soil geochemistry anomaly coincident with several conductors identified via helicopter-borne Mobile Magneto-Telluric (MMT) data that the company believes may represent disseminated or massive sulphides.

“This award validates our exploration programs at Arkun over the past few years,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“Caligula is one of many geochemical and geophysical targets we have at the project and so the information we will gain from the proposed drill program will add immensely to our knowledge of this poorly exposed and poorly explored area.

“We will now start the statutory approvals process for the drilling.

“We have just completed our maiden drill programme at Hyperion to test for Rare Earth Elements and are interpreting the handheld XRF data to select samples for assaying, and we are looking forward to those results.”

Impact recently carried out a follow-up infill and extensional soil geochemistry survey to help define the full extent of the Caligula anomaly and help identify specific drill targets.

Caligula is the first of the four areas to be more fully defined by detailed soil geochemistry surveys, producing encouraging results for further work on the other partly tested and untested anomalies within the Arkun project.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Southern Cross Gold Drilling Extends Apollo Deep Gold Mineralisation

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THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) received assay results from three drillholes recently completed at the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold drilled the holes on the Apollo prospect, all of which intersected high-grade mineralisation and extended mineralisation beyond the bounds of the company’s current exploration target area as well as defining continuity in other areas.

Hole SDDSC111 was designed to test the hanging wall position of two high-grade vein sets and intercepted seven mineralised structures, three of which are considered high-grade.

Hole SDDSC112 was drilled in the footwall of the mineralised host and was terminated early due to SXG geologists observing the hole was deviating out of the host position to the south into unaltered sediment.

The hole was redrilled as wedge hole SDDSC112W1 that progressed through the host structure with high-grade gold intercepted on the eastern margins of the Apollo prospect.

SDDSC112W1 contained assayed intervals with three zones of visible gold mineralisation.

Combined both holes intercepted eight high-grade structures.

Hole SDDSC116 was drilled parallel to and 45 metres along strike from SDDSC112/112W1 and was designed to intersect the mineralised hanging wall while SDDSC112/112W1 targeted the footwall.

SDDSC116 contained four assayed intervals greater than 10 grams per tonne gold.

“Sunday Creek has delivered another set of extremely strong high-grade gold and antimony drill results, this time from the Apollo project, located 400 metres east of Rising Sun, which has provided most of the intersection highlights in Sunday Creek over the last six months,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“Like Rising Sun, Apollo is now catching up with better results intersected at depth.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Scores EIS funding for Bangemall Drilling

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has picked up funding via Western Australia Government’s Exploration Incentive Scheme (EIS) to drill at the company’s 100 per cent-owned Bangemall projects in the state’s Gascoyne region.

Miramar Resources has been awarded up to $180,000 by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to be put towards the drilling campaign, which will target Norilsk-style nickel, copper, cobalt and platinum group element mineralisation at the Mount Vernon and Trouble Bore projects.

“Over the last 24 months, the company has advanced the Bangemall projects from an exploration concept to regional-scale area selection followed by collection of project-scale datasets and, more recently, to delineation of individual drill targets through ground EM surveys,” Miramar Resources executive chairman Allan Kelly said in th company’s ASX announcement.

“We have the opportunity to make a discovery of a new style of mineralisation in an underexplored geological province where we are the dominant landholder.”

Upcoming work will focus on Miramar’s initial aim, which is to demonstrate ‘proof of concept’ of its Norilsk-style deposit model by discovering nickel, copper, cobalt and platinum group element sulphide mineralisation.

Upcoming work is to involve completion of heritage surveys where required, systematic rock chip sampling, RC drilling, and working towards grant of various tenement applications.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Yandal Resources Extends Oblique Prospect Mineralisation

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THE DRILL SERGEANT: Yandal Resources (ASX: YRL) reported initial assay results from the first three holes of a reverse circulation (RC) drilling program recently undertaken at the company’s Ironstone Well–Barwidgee (IWB) gold project in Western Australia.

Yandal Resources conducted the drilling across the project’s Oblique and Quarter Moon prospects achieving results confirming the presence of broad and high-grade mineralisation 500 metres north of any previous RC drilling completed by the company.

Intercepts include:

24IWBRC0002
15 metres at 1.7 grams per tonne gold from 74m, including 3m at 5.3g/t gold from 79m; and

24IWBRC0001
3m at 1.5g/t gold from 66m.

Yandal will continue RC drilling across the Oblique and then Quarter Moon prospects from April to early May, after which diamond drilling program is currently scheduled for commencement mid-May.

The company expects the initial diamond drilling across the Oblique prospect will provide detailed information regarding the host stratigraphy, structures, intrusive types and the nature of the magnetite-rich unit.

“It is very satisfying to see a compelling intercept in these early results, particularly given the difficult weather conditions endured by the team in March,” Yandal Resources managing director Tim Kennedy said in the company’s ASX announcement.

“These initial results demonstrate the under-explored nature and potential scale of the Oblique prospect, with a material intercept 500 metres north of any previous RC drilling by the company; we look forward to providing further updates as more results are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Great Boulder Resources Hits High-Grade Intersections at Saltbush Discovery

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) experienced recent exploration results joy from the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources carried out air-core (AC) and reverse circulation (RC) drilling at the Saltbush prospect that defined shallow, high-grade gold mineralisation over a strike length of approx. 300 metres.

Highlights included:

24SWAC184
4 metres at 5.96 grams per tonne gold from 9m, and 6m at 2.37g/t gold from 19m;

24SBRC004
3m at 6.96g/t gold from 91m, including 1m at 16.25g/t gold from 91m;

24SBRC002
12m at 2.16g/t gold from 69m, including 4m at 3.94g/t gold from 75m; and

24SBRC003
3m at 5.25g/t gold from 27m.

“Saltbush is continuing to grow, and after only a small number of holes in two phases of drilling we have defined high-grade gold over 300 metres of strike,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We have sufficient confidence in this prospect to say it’s the first discovery in all our new targets along the Ironbark Corridor.

“Saltbush appears to be plunging towards the north, a hypothesis supported by the strong surface geochemistry trending towards the northwest.

“Everything we’ve seen so far suggests this zone is an Ironbark analogue, with the mafic host unit within ultramafic country rock and the same geochemistry and alteration.

“In addition to those results, our first-pass AC drilling on broad surface anomalism north of Ironbark has intersected gold grades up to 0.55g/t gold, with anomalous gold results in multiple locations.

“Remember, this is AC drilling within the weathered profile so we’re not expecting ore grades in the first program.

“We are now planning follow-up drilling into all these targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Cavalier Resources Commences Drilling at Ella’s Rock Lithium Project

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THE DRILL SERGEANT: Cavalier Resources (ASX: CVR) has mounted its first drilling campaign at the company’s Ella’s Rock lithium-nickel-gold project located in Forrestania, Western Australia.

Cavalier Resources has an initial program of 2,500 metres of aircore drilling planned to test the Fitzgerald and Baché lithium-caesium- tantalum (LCT) targets it has previously identified via geochemical surveys conducted in 2023.

These surveys identified 277 Deep Ground Penetrating Radar (DGPR) targets through a follow-up survey with signals that correlated to those surveyed at the Mt Cattlin lithium project, which had revealed coarse-grained lithium-bearing pegmatites.

“This maiden drill program over the untested Fitzgerald and Baché LCT anomalies marks a major milestone for the Ella’s Rock lithium-nickel-gold project,” Cavalier Resources executive technical director Daniel Tuffin said in the company’s ASX announcement.

“The project, which is located between the world-class Mt Cattlin and Mt Holland lithium projects, has remained largely unexplored due to its remoteness and challenges associated with access.

“This initial campaign is the first step towards drill-testing some of the 277 LCT signals identified by UltraMag via their DGPR survey.

“UltraMag’s findings were promising as the signals not only exhibited correlation with the company’s previous geochemical surveys, but also matched historic signals that led to the discovery of further coarse-grained lithium-bearing pegmatites at the Mt Cattlin lithium project, located 90 kilometres to the south.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Alto Metals Secures Option Over Lightning Mining Lease

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THE DRILL SERGEANT: Alto Metals (ASX: AME) is set to acquire granted mining lease M57/659 that sits within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Alto Metals has signed an option agreement to acquire gold prospect, known as ‘Lightning’, which is located only three kilometres from the 2.3 million tonnes at 2 grams per tonne gold for 150,000 ounces Vanguard Camp.

The mining lease has seen no RC drilling carried out and remains untested at depth, however shallow high-grade gold mineralisation was intercepted in limited historical RAB drilling.

“We are pleased to have secured an option to acquire the Lightning prospect, situated within a granted mining lease and immediately west of our Vanguard deposit,” Alto Metals managing director and CEO, Matthew Bowles said in the company’s ASX announcement.

“Limited shallow RAB drilling in the area has returned some significant gold intercepts of up to 147 grams per tonne gold, yet the area has not been tested with deeper RC drilling.

“There are extensive shallow alluvial gold workings throughout the Lightning area, however the primary source of mineralisation has not yet been identified.

“With a growing, open-pit gold resource of 832,000 ounces of gold at 1.5 grams per tonne, constrained within $2,500 per ounce pit shells, at our Sandstone gold project, we consider Lightning to be a great addition to our asset base and has the potential to deliver further resource growth in the Vanguard/Lightning area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Intercepts Further High-Grade Extensional Gold at Ricciardo

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources said the latest results have extended the high-grade shoot below the Silverstone pit and broadened what is already a known (high-grade) mineralisation envelope.

The company said the drilling had demonstrated the Mineral Resource growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

Warriedar took receipt of assay results received for an additional six RC holes drilled at the Ricciardo deposit, with all holes intersecting gold including:

RDRC041
8 metres at 11.4 grams per tonne gold from 166m, including 3m at 22.38g/t gold from 167m; and

RDRC034
8m at 2.63g/t gold from 160m.

The Ricciardo gold system spans a strike length of approximately 2.3 kilometres, with very limited drilling having been undertaken below 100m depth.

Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 million tonnes at 1.7 grams per tonne gold for 476,000 ounces of gold (6,000 ounces Measured, 203,000 ounces Indicated, 267,000 ounces Inferred).

“This is another very pleasing set of results from our recent drilling at Ricciardo,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s AXS announcement.

“Combined with the initial results released in March, they readily demonstrate why we have made the Golden Corridor the primary focus of our 2024 exploration activities.

“At Golden Range we have scale, plus grade, and immediate and substantial resource growth potential. We look forward to receiving the remaining assays, as well as recommencing drilling this quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE