Middle Island Resources Identifies Gold Targets at Davis Prospect

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THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) announced results from recent geochemical auger and aircore drilling undertaken at the Davis prospect, within the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Middle Island said the Davis prospect was designated as a highest priority target by a targeting study completed earlier this year.

A combined auger (shallow) and aircore (deeper) geochemical drilling program was completed over the Davis target resulting in the identification of four principal anomalies.

Individually the anomalies have strike lengths of approximately 200 metres, however Middle Island believes some may prove to be linked over strike lengths up to 600m.

The company described the gold anomalies as cohesive in nature, with each comprising a series of high values considered to be typical of gold dispersion patterns in such environments.

As the company currently has a RC drill rig on site, it decided to drill a traverse of angled RC holes across each of the Davis West and Davis East anomalies to provide an initial assessment as to the nature and tenor of the saprolitic source of gold mineralisation.

Five initial RC holes, to approximately 80m depth (400m in total), are planned.

All gold anomalies comprising the Davis prospect are situated within one kilometre of the 600,000 tonnes per annum Sandstone gold processing plant.

Middle Island considers the resource definition drilling currently underway at the nearby Wirraminna deposit, combined with the Davis targets enhances the potential to contribute to an early mill recommissioning decision.

“Although only a technical success at this stage, identification of the Davis anomalies beneath an extensive blanket of transported cover, in the company’s first genuine grassroots exploration campaign at the Sandstone gold project, is extremely gratifying,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The discovery thoroughly vindicates the Orefind team’s application of sound structural and lithological evidence, based on geophysical data and astute field observations, and provides considerable confidence that additional anomalies will be generated from the remaining 30 targets generated by the WoE (weights of evidence) study.

“Should drilling confirm the presence of significant saprolite mineralisation at any one or more of the Davis anomalies, such a discovery would represent an additional catalyst for an early plant recommissioning decision.”

Email: info@middleisland.com.au

Website: www.middleisland.com.au

St George Mining Ready For Cathedrals SAMSON EM Survey

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) is set to commence a SAMSON EM survey at the company’s Mt Alexander project in Western Australia.

St George Mining said the survey was part of a new round of exploration activities and drilling it has scheduled for the project over the coming months.

The high-powered SAMSON EM survey will cover an area comprising a here kilometres strike length of the Cathedrals Belt and an additional one kilometre strike across the Ida Fault.

St George has previously identified a number of magnetic anomalies in the survey area from high resolution magnetic data generated by an airborne magnetic survey it completed George in 2016.

These magnetic anomalies have never been drilled and have been classified as priority exploration targets by the company.

Similar magnetic anomalies along strike at the Investigators, Stricklands and Cathedrals prospects have been confirmed by drilling to represent mineralised ultramafics hosting high grade nickel-copper-cobaltPGE massive sulphides.

“EM surveys have been very successful in identifying massive sulphide mineralisation at Mt Alexander and we are pleased to be commencing the SAMSON survey over the western extension of the Cathedrals Belt,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“A drill program at Mt Alexander will commence shortly after the SAMSON survey is completed.”

The upcoming drill program at the Cathedrals Belt is scheduled to commence in October 2017 and will include testing of several new EM conductors as well as further extensional drilling of known mineralisation.

This drill program will also include some deep stratigraphic drill holes to investigate areas beyond the depths St George has drilled at the Cathedrals Belt to date.

The design of these drill holes will be finalised following a review of the data from the SAMSON EM survey.

Website: www.stgm.com.au

Silver City Minerals Drills Copper Hit at Copper Blow

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THE DRILL SERGEANT: Silver City Minerals (ASX: SCI) declared the intersection of “significant copper sulphide” at the company’s Copper Blow prospect near Broken Hill.

Silver City Minerals said the intersection – a downhole interval of 13.5 metres – was encountered in its first diamond drill hole (17CB043) at Copper Blow.

The company said the drilling showed copper mineralisation extends from 131.7 metres to 145.2 metres and lies only 110 metres below surface.

Silver City explained that hole 17CB043 was designed to follow-up a high-grade intersection hosted in an old drill hole CB09, which returned 11.8 metres at 6.7 per cent copper, 1.92 grams per tonne gold and 13.7g/t silver from a depth of 182.9m.

In addition to diamond drill hole 17CB043, Silver City has completed one reverse circulation hole (17CB041) at the southern end of the Copper Blow prospect and two RC precollars for additional diamond holes (17CB042 and 044).

“RC hole 17CB041 was completed to a depth of 204 metres,” Silver City Minerals said in its ASX announcement.

“Moderate to strong copper mineralisation was visually recognised over a number of intervals.

“These include 162 to 165 metres (5 to 10 per cent chalcopyrite) and 188 to 191 metres (10 to 20 per cent chalcopyrite).

“This hole is located 150 metres south of the strong copper mineralisation intersected in 17CB043.

“The drill core will undergo detailed geological and geotechnical logging and samples will be despatched to the laboratory for analyses as soon as possible.

“Results from the diamond hole and RC drill chips are expected within two to three weeks.”

Email: info@silvercityminerals.com.au

Website: www.silvercityminerals.com.au

Peel Mining Continues Drilling Hits at Wagga Tank and Wirlong

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Peel Mining Continues Drilling Hits at Wagga Tank and Wirlong

THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further encouraging results from several of the company’s key prospects, located near Cobar in western New South Wales.

Peel Minong explained recent drilling results from its 100 per cent-owned Wagga Tank prospect relate to RC/diamond drilling aimed at extending the known footprint of mineralisation.

Results from Peel’s 60 per cent-owned Wirlong prospect relate to recent drilling and geophysical investigation aimed at defining high-grade Cobar-style copper mineralisation.

Drilling currently underway at the Wagga Tank prospect, comprising an initial program of RC/diamond drilling, is primarily aimed at increasing the footprint of this base and precious metals deposit.

Recent Wagga Tank drilling return several encouraging new drill intercepts, including:


WTRCDD023
11m at 7.15 per cent zinc, 2.31 per cent lead, 58 grams per tonne silver from 396m;


WTRCDD020
6m at 8.52 per cent zinc, 2.97 per cent lead, 12g/t silver from 282m; and


WTRCDD022
6m at 1.5 per cent copper from 92m.

Peel Mining is waiting on assays from drillhole WTRCDD021 that targeted coincident IP and magnetic geophysical anomalies approximately one kilometre south of Wagga Tank.

The company intimated the hole intercepted noteworthy zinc-lead-silver mineralisation it believes to confirm potential for major increase in scale of known mineral system.

Other drillholes WTRCDD024, WTRCDD025, WTRCDD026, WTRC027, WTRC028 were recently completed and are currently being processed with assays pending.

“A pause in drilling at Wagga Tank is anticipated once approval for proposed drilling at the Mt Allen/Mt Dromedary/Double Peak prospects is received,” Peel Mining said in its ASX announcement.

Assays have also been received for drilling at the Wirlong prospect, undertaken to define and extend the known footprint of copper mineralisation.

The Wirlong drilling returned strong copper mineralisation, including:


WLRC052
31m at 3.19 per cent copper, 11g/t silver from 299m, including 10m at 8.83 per cent copper, 28g/t silver from 299m; and


WLRC053
24m at 0.85 per cent copper, 8g/t silver from 179m.

“Recent drilling results indicate that the Wirlong copper system is structurally dislocated and possibly constitutes a series of stacked, short-strike length, shoot-like structures,” Peel Mining said.

“This is a typical feature of Cobar-style mineralisation and deposits.

“The true width remains unknown at this time; however it is considered likely that mineralisation is sub-vertical in nature, therefore true widths would be approximately 60 to 80 per cent of downhole widths.”

Email: info@peelmining.com.au

Website: www.peelmining.com.au

Pacific Bauxite Identifies High-Grade Potential at South West New Georgia Project

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THE DRILL SERGEANT: Pacific Bauxite (ASX: PBX) has identified three high-grade bauxite targets from a recently completed reconnaissance sampling program at the company’s South West New Georgia bauxite project (SWNG) in the Western province of the Solomon Islands.

Pacific Bauxite outlined the reconnaissance sampling program to include 199 hand-auger drill holes and 40 shallow test-pits, for a total of 239 samples.

The company completed hand-held XRF results for all samples, with 130 (54%) samples returning results of more than 40 per cent alumina (Al2O3).

Pacific Bauxite explained the program resulted in the discovery of three large distinct high-grade targets, each returning peak results of between 55 per cent and 57 per cent Al2O3.

Returning average bauxite grades of about 45 per cent Al2O3 and peak results of over 55 per cent Al2O3, the deposits support the company’s belief they hold potential to produce a high-quality direct shipping ore (DSO) product.

The company said the newly-defined areas identify the initial focus for future detailed exploration and resource definition where sampling work is already underway to extend target areas.

Resource definition work is scheduled to commence in the following quarter with laboratory analysis of samples expected in the current quarter.

Pacific Bauxite said large areas of the project, prospective for bauxite, remain untested and provide plenty of potential exploration upside.

“This first phase field work on the project has returned exceptional results and, with the existing infrastructure in the area, offers a very real opportunity to deliver early production,” Pacific Bauxite CEO Mark Gwynne said in the company’s announcement to the Australian Securities Exchange.

“This prospecting program could not have been completed as efficiently without the full support of the local communities and the company is pleased to see their efforts rewarded in the delineation of a project that potentially offers enormous benefit for the people of South West New Georgia.”

Pacific Bauxite stated its aims to be to develop DSO-quality bauxite operations with grades of 40 per cent to 45 per cent total Al2O3 and 5 per cent to 10 per cent total silicon dioxide (SiO2) for Asia’s growing seaborne bauxite market.

The company is currently undertaking work to extend the defined areas of bauxite mineralisation, and secure equipment for resource definition drilling at the priory targets.

Additional prospecting will commence in the next few weeks, and resource-definition-drilling is expected to commence in October.

Email: info@pacificbauxite.com.au

Website: www.pacificbauxite.com.au

Rox Resources Commences Collurabbie Drilling

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced an aircore drilling program at the company’s Collurabbie project, north of Laverton in Western Australia.

Rox Resources said the drilling is scheduled to comprise 6,000 metres, and will test a number of targets located within the company’s tenements.

“This will be our first on-ground exploration at Collurabbie, and we’re looking forward to implementing the exploration techniques that we have used at Fisher East to successfully deliver a number of nickel sulphide discoveries,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“This follows up our announcement of a maiden Inferred Mineral resource at the Olympia deposit of 573,000 tonnes grading 1.63 per cent nickel, 1.19 per cent copper, 0.082 per cent cobalt, 1.49 grams per tonne paladium, 0.85 grams per tonne platinum made recently…showing the great potential of this project area.

“The synergies with our Fisher East nickel sulphide project are strong, being only 70 kilometres to the west, and the recent rise in the nickel price is encouraging for further exploration and discovery.”

Rox outlined the nickel targets to be tested, which will include several where previous drilling has indicated mineralisation:

South Rhodes
6 metres at 1 per cent nickel, 0.17 per cent copper, 390ppb platinum and palladium (Pt+Pd)

Beta Sill
28m at 0.7 per cent nickel, and 32m at 0.58 per cent nickel

Agora

14m at 0.57 per cent nickel, 0.19 per cent copper

The company believes the Beta Sill prospect could be a large tonnage – low-grade nickel target similar to a number of other deposits in WA and worldwide.

The program will also test the Naxos gold prospect over a 1km strike length, where previous drilling has intersected gold mineralisation:

10m at 0.27 grams per tonne gold from 34m, and 2m at 2.4g/t gold from 60m.

The drilling program is expected to take about three weeks to complete, with assays available approximately four weeks after completion.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

Musgrave Minerals Hits Biggest Break of Day Gold Intersection

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the best intersection achieved to date at the Break of Day deposit on the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals said the intersection was amongst in the first assay results received from a current extensional reverse circulation (RC) drilling program being carried out on the Break of Day gold deposit.

Musgrave recently exercised its pre-emptive right to acquire 100 per cent of the key tenure on the Cue project, including the Break of Day and Lena gold deposits.

Extensional drill hole 17MORC084 intersected:

11 metres at 54 grams per tonne gold (uncut) from 217m down hole on the Twilight Lode.

The intersection included:

5m at 109.6g/t gold from 217m; and

4m at 10.9g/t gold from 223m.

The company explained the intersection sits outside the current Mineral Resource boundary is approximately 70m south west of previous drilling that intersected 15m at 16.6g/t gold (17MORC050) and extends the gold mineralisation to the south where it remains open.

“This is a wonderful result and creates a significant opportunity for the company to grow the high-grade Break of Day gold resource,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This drilling shows that the mineralisation at Break of Day extends to the south and is still open.

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

The Break of Day deposit hosts a combined (Indicated and Inferred) Mineral Resource of 868,000 tonnes at 7.15g/t gold for 199,000 ounces of gold.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Encounter Resources Identifies Second Zone of Stock-work Mineralisation

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has identified a second zone of gold stock-work mineralisation at the company’s Telfer West gold project in Western Australia.

Encounter Resources said the new zone is located 800 metres south-east of the Egg prospect where two previous RC holes encountered gold mineralisation.

Encounter completed an RC Drilling program in July 2017 at Telfer West, which included holes ETG0067 and ETG0068 along strike of the Egg prospect where hole ETG0002 was drilled in December 2016.

ETG0002 intersected an 80m wide, depth extensive zone of stock-work style gold mineralisation that included:

38.6 metres at 1 gram per tonne gold from 333m, including 4.2m at 3.2g/t gold from 333.5m and 36m at 0.6g/t gold from 396m, including 3.2m at 3.3g/t gold from 415.2m.

The first RC hole in the new area, ETG0067, returned:

122m at 0.2g/t gold with gold mineralisation strengthening towards the bottom of hole of 36m at 0.4g/t gold from 124m to EOH.

Additional drilling carried out by Encounter, included extending both ETG0067 and ETG0068 with diamond tails.

The company said visual inspection of the drill core demonstrated these holes contain stock-work zones of silicified and fractured quartzite containing pyrite.

Diamond core from these two holes is currently being processed and assay results are expected to be received in October.

In addition, assay results have now been received for the RC pre-collar of ETG0068 showing this hole contains a thick zone of oxidised gold mineralisation of 30m at 1.1g/t gold from 96m which is located to the north-east of the new stock-work zone.

Encounter believes this intersection may represent a lateral supergene dispersion or a hangingwall position to the stock-work.

Based on this new area of gold mineralisation, the company completed an additional RC/diamond drill hole (ETG0070) 80m north-east of ETG0068 to test the down dip of the 30m at 1.1g/t gold intersection.

Assay results from ETG0070 are also expected in October.

As things currently stand, Encounter has left ETG0070 open and may extended the hole to test the new stock-work zone below ETG0068.

“These two RC holes are the southernmost extent of our drilling along the mineralised, quartzite corridor at Telfer West,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The latest drilling has identified a new gold stock-work zone that remains open down dip and along strike.

“This mineralised corridor can be traced over five kilometres of strike and we have only started testing its potential.”

Website: www.enrl.com.au

Vimy Resources Updates Mulga Rock Reserve

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THE DRILL SERGEANT: Vimy Resources (ASX: VMY) announced a Ore Reserve update for the company’s 100 per cent- owned Mulga Rock project in Western Australia.

Vimy Resources said the Ore Reserve update consists of 22.7 million tonnes at 845ppm uranium (U3O8) for a total metal content of 42.3 million pounds (19,185 tonnes) of U3O8.

This Ore Reserve is derived from Mineral Resources of 71.2 million tonnes at 570ppm for total contained metal content of 90.1 million pounds U3O8, which the company reported in July 2017.

Vimy Resources has received an independent review of the optimised pit designs for the Ambassador, Princess and Shogun deposits using parameters defined in the Ore Reserve update from November 2016, as well as updated mining and processing costs from Definitive Feasibility Study (DFS) work completed to-date.

The company expects the DFS will be completed and released to the market in the December quarter.

Vimy explained the optimised pit designs are based on the entire Mineral Resource, adding that the company is satisfied that the proportion of Inferred Mineral Resource is not the determining factor in project viability, and the Inferred Mineral Resource does not feature as a considerable proportion early in the mine plan.

The contained metal within the optimised pit designs for Princess, Ambassador and Shogun consist of 85 per cent Ore Reserves and more than 90 per cent Ore Reserves in the first ten years of production.

In addition to the Ore Reserves, there is 7.3 million pounds from 6.5 million tonnes at 505ppm U3O8 of inferred resource inside the optimised pit designs.

The Emperor pit forms part of the ongoing DFS, but does not contain any Ore Reserves as it currently comprises only Inferred Resources.

“This Ore Reserve update demonstrates the Mulga Rock Project is one of the best near-term, long-life global uranium projects in the world today,” Vimy Resources CEO Mike Young said in the company’s announcement to the Australian Securities Exchange.

“It is a great tribute to our team at Vimy that we keep delivering on our promises; these ore reserves, including three years of Proved reserves provide sufficient surety to fund the project.

“I have always said, Vimy is a compelling investment case in any uranium market, and therefore provides maximum leverage to the uranium price.

“The ‘go line’ is well and truly in sight.”

Email: info@vimyresources.com.au

Website: www.vimyresources.com.au

MOD Resources Doubles Botswana Exploration Budget

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THE DRILL SERGEANT: MOD Resources (ASX: MOD) plans to double its exploration budget to approximately $10 million at the company’s Botswana copper project.

MOD Resources said the budget increase recognises the substantial untested potential it considers to exists within the company’s regional licence holdings.

MOD plans to extend drilling well beyond T3, where a 70 hole diamond drilling campaign is in progress, to encompass district scale targets including a 50 kilometre long T3 Dome surrounding T3 and a 60km long T20 Dome 100km west of T3.

In addition to the existing T3 drilling currently underway, MOD’s revised exploration program is expected to include more than 160 diamond and 40 RC holes with the majority to focus upon targets along the T3 Dome and T20 Dome.

MOD Resources managing director Julian Hanna said that with a 50 per cent rise in the copper price during the past year, improving market sentiment and the rapidly evolving understanding of the potential of this copper belt means the company needs to scale up exploration now.

“While MOD’s first major discovery, T3, has substantial upside and will remain our primary focus to bring into production, it may be just the beginning of a much larger story,” Hanna said in the company’s announcement to the Australian Securities Exchange.

“Numerous other targets hold excellent potential, particularly along the same structural corridor which hosts T3 and other substantial resources already defined within the eastern Kalahari Copper Belt.”

MOD said the immediate focus of the drilling would be testing many of the 19 airborne EM targets it has already identified along the 50km long axis of the T3 Dome, centred around T3.

MOD is planning an Airborne EM survey over large areas of the T20 Dome as soon as possible to identify possible conductors, which may be associated with surface copper anomalies.

“We expect the doubling of the exploration budget will help us unlock and realise the potential of this completely under-explored copper belt,” Hanna said.

“The number of drill holes planned on regional targets is more than double what we have drilled at T3 to date which reflects our confidence in the potential of the wider region,”

Website: www.modresources.com.au