THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced a revised Mineral Resource for the company’s Leonora gold project (LGP) in Western Australia.

Kin Mining said the LGP Resources have increased by 42 per cent on the previous estimate, and now total 22.3 million tonnes at 1.43 grams per tonne gold for 1.02 million ounces of gold.

The company attributed the increase in the Resources to a recently completed program of Reverse Circulation (RC) resource drilling, which extended mineralised domains at multiple deposits.

Recent primary gold discoveries at the Lewis and Helens-Fiona deposits have also been incorporated into the Mineral Resource.

The Leonora gold project consists of three principle Mining Centres.

The total 22.3 million tonnes Mineral Resource is distributed among these Mining Centres as follows:

Mertondale: 11.6 million tonnes at 1.4g/t gold for 521,000 ounces of gold;
Cardinia: 6.91 million tonnes at 1.33g/t gold for 296,000 ounces of gold, and
Raeside: 3.82 million tonnes at 1.68g/t gold for 206,000 ounces of gold.

“This is an outstanding result which gives Kin a clear pathway to project development, production and cashflow,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The new Resource estimate provides a strong foundation for the estimation of the maiden Ore Reserve at the LGP, which will form part of the Definitive Feasibility Study set for completion later this quarter.

“There is also immense potential to continue growing our inventory within the Tier-1 Leonora district and we will pursue that upside in parallel with our project development plan.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

THE DRILL SERGEANT: Silver City Minerals (ASX: SCI) has commenced drilling at the company’s high-grade Copper Blow project south of Broken Hill.

Silver City Minerls said the drilling program will include both reverse circulation (RC) and diamond drilling (DD) and total approximately 2,600 metres.

The company outlined its current plan to be to drill ten holes, the first four of which will be located southwest of the Stenhouse Shaft to test for extensions to high-grade copper mineralisation encountered in historic diamond drill holes.

“Three of these are RC pre-collars for deeper diamond hole extensions and will be drilled largely within barren host rocks and might take six days to complete,” Silver City Minerals said in its ASX announcement.

“The deeper, diamond core tails on these holes are anticipated to encounter copper-gold mineralisation and will take approximately fourteen days to complete depending on geological conditions.”

Silver City said the remaining six RC-only holes located mainly to the northeast of the Stenhouse Shaft will test beneath broad shallow historic intersections that encountered similar copper hits.

These will be drilled after diamond drilling is completed in the south.

The company expects completion of the program before the end of September, with final analytical results in mid to late October.

Email: info@silvercityminerals.com.au

Website: www.silvercityminerals.com.au

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has received assay results from a Phase 3 drilling program at the Fraser Lake Complex (FLC), near the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt Mining Centre in Canada.

Corazon Mining has been conducting large mineralised system exploration at the FLC since December 2016, which has included drilling, ground geophysics, downhole geophysics and geochemistry.

The large amount of data generated is currently being collated for interpretation and modelling.

The work involved three phases of drilling completed within the FLC since January this year, including ten holes into the Matrix Trend, a 1.7 kilometre long Induced Polarisation chargeability anomaly, interpreted as the feeder zone for the intrusive complex.

“Drilling within the Matrix Trend indicated that multiple pulses of sulphide-rich magma have been injected into the FLC,” Corazon Mining said in its ASX announcement.

“The nickel-copper-cobalt mineralisation within the Matrix Trend is significant in that it identifies the feeder zone of the FLC as a long-lived, multi-phase, well-mineralised magmatic system with the potential to develop high-grade sulphide deposits.”

Corazon noted that all holes drilled within the Matrix Trend, across all programs, were extensively mineralised for their entire lengths.

Results included:

FLC-2017-14
53.1 metres at 0.68 per cent nickel equivalent from 261m; and

FLC-2017-16
27m at 0.61 per cent nickel equivalent from 30m.

The intensity of the iron-nickel-copper (Fe-Ni-Cu) magmatic sulphide mineralisation Corazon intersected varied from weakly disseminated to strongly disseminated, matrix to semi-massive and massive styles.

The company observed nickel and copper-bearing sulphides throughout the drill core.

“Drilling of the Matrix Trend has defined a stratified feeder dyke and sulphide mineralisation within a horizontal flow of more than 925 metres,” the company said.

“Analysis of more than twenty geochemical variables has defined at least three significant nickel-copper-cobalt enriched magmatic cycles, each supporting narrow, higher-grade metal content (1.3%Ni to 2.9%Ni).”

Email: info@corazon.com.au

Website: www.corazon.com.au

THE DRILL SERGEANT: Alliance Resources (ASX: AGS) announced drilling results from a reverse circulation (RC) drilling program at the Weednanna gold prospect in South Australia.

The Weednanna prospect is part of the Wilcherry Project Joint Venture between Alliance and Tyranna Resources (ASX: TYX).

The RC drilling program was completed in June and was designed to test the geometry and plunge continuity of three high-grade gold shoots referred to as Targets 1, 2 and 3.

A total of 25 RC holes were drilled (17WDRC025-49), eighteen of which reported intercepts greater than one gram per tonne of gold, with five holes returning greater than 50g/t-metre gold.

High-grade gold results from the Weednanna prospect drilling include:

17WDRC032 
60 metres at 5.65 grams per tonne gold from 47m, including 9m at 15.57g/t gold from 63m and 8m at 13.38g/t gold from 99m;

17WDRC030 
16m at 7.66g/t gold from 81m, including 8m at 12.9g/t gold from 88m;

17WDRC029
30m at 2.95g/t gold from 53m;

17WDRC046 
7m at 12.15g/t gold from 153m, including 4m at 18.81g/t gold from 154m; and

17WDRC031
41m at 1.62g/t gold from 44m.

Alliance Resources said the improved understanding of the mineralisation style at Weednanna will be used to better define the distribution of gold at the prospect.

“The Board is encouraged by these excellent results and as our understanding of the controls on the gold mineralisation increases, Weednanna should continue to develop toward becoming a significant South Australian gold project for Alliance and its shareholders,” Alliance Resources managing director Steve Johnston said in the company’s announcement to the Australian Securities Exchange.

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

THE DRILL SERGEANT: MOD Resources (ASX: MOD) announced a substantial increase to the Mineral Resource at the company’s T3 copper project in Botswana following inclusion of recently completed drilling.

The T3 project forms part of a Joint Venture between MOD (70%) and AIM-listed Metal Tiger (30%), which includes a licence holding in the central and western parts of the Kalahari Copper Belt.

Mod Resources said an assumed cut-off grade of greater than 0.5 per cent copper – that was used for the maiden resource announced in 2016 – was implemented in the revised resource estimate.

The new estimate represents approximately a 27 per cent increase in total resource tonnes to 35.97 million tonnes and a 16 per cent increase in contained copper to approximately 4.09 million tonnes.

The copper grade is 1.14 per cent copper and the silver grade is 12.8 grams per tonne silver.

In addition, 25 per cent of the total resource tonnes of the revised resource at 0.5 per cent copper cut-off (8.9 million tonnes at 1.27 per cent copper and 12.5g/t silver) has converted into the high confidence Measured Resource category.

MOD declared that, assuming a higher cut-off grade (>1.0% Cu), the revised total Mineral Resource comprises 20.57 million tonnes at an average grade of 1.43 per cent copper and 14.7g/t silver.

“The 16 per cent uplift to more than 400,000 tonnes contained copper has potential to add significant value and profitability to this project,” MOD Resources managing director Julian Hanna said in the company’s announcement to the Australian Securities Exchange.

“Coincidently, copper has also risen approximately 30 per cent since the maiden resource was announced, approaching the US$3 per pound copper price used for the upside case in the original T3 scoping study we released on 6 December 2016.

“As a result of these very positive developments, our feasibility study team is rethinking the planned mining schedule and processing rates to be used in the pre-feasibility study.

MOD Resources indicated its recently-announced next phase of drilling at T3 (Phase 2) has commenced, initially with four drill rigs testing the potential for additional resource extensions, high-grade vein mineralisation extending down dip from the planned open pit, and IP and EM targets north of T3.

This program includes holes to test within, below, down dip and along strike from the revised resource.

All six holes completed to date have intersected visible copper mineralisation and results are expected to be announced when assays are received and interpreted.

Website: www.modresources.com.au