Dacian Gold Encounters Big Gold Intercept at Cameron Well

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THE DRILL SERGEANT: Dacian Gold (ASX: DCN) announced that all six of the first‐ ever reconnaissance diamond drill holes to be completed at the Cameron Well prospect have intersected bedrock gold mineralisation.

Dacian Gold said the drilling at Cameron Well, located within the company’s 100 per cent‐owned Mt Morgans gold project in Western Australia, included – what it described as – “a spectacular intercept” of:

2.3 metres at 311.3 grams per tonne gold.

Dacian is confident the Cameron Well prospect is emerging as a potential game‐ changer for the company.  

“The fact that all six of our initial diamond holes drilled into the first bedrock target have intersected gold mineralisation is a fantastic result so early into our exploration campaign,” Dacian Gold executive chairman Rohan Williams said in the company’s announcement to the Australian Securities Exchange.

“As we develop a clearer understanding of the orientation and geometry of the structures, we will be able target our drilling appropriately.

“However, the early signs are very encouraging and suggest that Cameron Well has excellent potential to become the third major gold system at Mt Morgans.

“RC infill drilling is already underway along the 1.5 kilometre long mineralised structure and further diamond drilling is planned to test the other three bedrock targets within the syenite complex.

“This aggressive exploration program will take place at the same time as we continue construction at Mt Morgans, where we remain on target to start gold production in March 2018.”

With the initial six diamond drill holes into the Cameron Well Syenite Complex confirming the shallow north‐west dip of the mineralised, 1.5km long NE‐SW structure, Dacian Gold has commenced an initial RC in‐fill drilling program testing the length of the structure.

The initial program of 18 RC drill holes will test the prospectivity of the structure to a vertical depth of 150m along a one kilometre strike.

Website: www.daciangold.com.au

Musgrave Commences Next Round of RC Drilling at Break of Day

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has commenced reverse circulation (RC) drilling at the company’s wholly-owned high-grade Break of Day gold deposit on the Cue project in the Murchison region of Western Australia.

Musgrave Minerals said the planned RC drilling program will consist of 12 drill holes for a total of 2,500 metres armed with the primary objective of extending the high-grade gold mineralisation at Break of Day.

Musgrave recently announced a Mineral Resource for Break of Day of 868,000 tonnes at 7.15 grams per tonne gold for 199,000 ounces of gold.

Musgrave will also drill test the new high-priority Louise gold target located 600m south of Break of Day along the same mineralised corridor. First assay results are expected from early September.

“The Louise gold target is a high-priority soil geochemical anomaly 600 metres south of Break of Day along the same mineralised shear zone,” Musgrave Minerals said in its ASX announcement.

“The gold anomaly is 250 metres wide and has a strike of over 500 metres with a peak gold soil value of 1,382ppb gold (1.3g/t gold) and has never been effectively drill tested.

“The soil anomaly follows a series of old workings analogous to Break of Day.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Australian Potash Kicks-off Yamarna Gold Exploration

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THE DRILL SERGEANT: Australian Potash (ASX: APC) announced it would be implementing program recommendations from CSA Global for work programs across the company’s Yamarna gold project in Western Australia.

Australian Potash’s (ASX: APC) tenements cover an estimated 65 kilometres of strike, 60km northwest and along strike of the six-million-ounce Gruyere mine development of Gold Road Resources (ASX: GOR)

CSA Global’s review of the Yamarna gold project, located at the northern end of the Yamarna Greenstone Belt in the Eastern Goldfields Province, shows the project to encompass an interpreted lateral ramp thrust (LRT), which has offset the Yamarna Shear Zone to the west.

Australian Potash said the review interpreted a dilational zone that opens up through the middle of APC’s tenement holding with 18 gold targets identified along a 62km strike length, including nine areas considered highly prospective.

It is anticipated that drill targets will be identified by the current work program.

“Following the company receiving the review by CSA Global into the prospectivity of the Yamarna Greenstone Belt tenements and consideration of the recommendations, the company is now preparing its first comprehensive exploration program on the Yamarna gold project,” Australian Potash executive chairman Matt Shackleton said in the company’s announcement t o the Australian Securities Exchange.

“We look forward to the results of the work program, which we believe has the potential to deliver significant value for our shareholders, in addition to the progression of our high returning SOP project on which work continues unabated.”

Website: www.australianpotash.com.au

Cassini Resources Completes Positive Metallurgical Testwork

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has completed a detailed metallurgical testwork program as part of Further Scoping Study (FSS) activities at the company’s West Musgrave project (WMP), located in Western Australia.

Cassini Resources indicated the program of work represents the first stage of the Earn-in/JV Agreement with OZ Minerals (ASX: OZL).

The company said the testwork program has confirmed the successful production of separate, saleable nickel and copper concentrates from all mineralised domains, including the weathered ore-domains.

The program returned nickel concentrate grades of 10 to 12 per cent achievable at 60 to 70 per cent recovery and copper concentrate grades of 21 to 25 per cent achievable at 78 to 80 per cent recovery.

This current program has increased Cassini’s level of understanding and confidence in the metallurgical performances across a complete range of mineralisation types within the Nebo-Babel deposits.

It focused on lower head grade samples across the primary and weathered ore domains, some of which were not previously tested. No oxide material is being considered for treatment.

A large component of the testwork included optimisation of the process flow sheet, and testing of alternative reagent regimes, all of which were aimed at further improving nickel and copper recoveries and concentrate grades.

“At the commencement of the FSS, there were two key technical outcomes we targeted to ensure the viability of the project,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“They were the identification of a near-by groundwater source, and confirmation that the metallurgy results we had previously achieved could be reproduced at lower nickel and copper grades and throughout the weathered zones.

“To have achieved positive outcomes in both of these is a fantastic result by the team and a significant step forward for the project.

“This metallurgical program confirms that there are no fatal flaws in the mineralogy and that the processing flowsheet will be comparable to other nickel and copper sulphide projects globally.

“We have now done a significant amount of metallurgical work for a scoping level study and are confident that we will continue to improve these outcomes as we progress through the next study phases.”

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Peel Mining Records Big Copper Hits at Wirlong

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further encouraging drill results from the company’s 60 per cent-owned Wirlong prospect located near Cobar in western New South Wales.

Peel Mining explained the ongoing drilling is aimed at better defining and extending the known footprint of copper mineralisation at Wirlong, which it considers to bear the hallmarks of a Cobar-style deposit, with many similarities to Glencore’s CSA copper mine.

“Drilling at Wirlong continues to identify significant copper mineralisation and, as recently foreshadowed, drillholes WLRC026 and WLRC052 returned very strong chalcopyrite-dominant drill intercepts,” Peel Mining said in its ASX announcement.

“Assay results from WLRC026 have now been received with the tenor of copper mineralisation substantially higher than initially indicated by portable XRF (pXRF) analyser.”

Results include:

WLRC026
27 metres at 5.3 per cent copper, 23 grams per tonne silver from 286m (versus 26m at 2.89% copper from 287m in pXRF).

Mineralisation comprises massive/semi-massive/stringer/disseminated chalcopyrite-dominant sulphides.

WLRC026 was extended from 277m to 350m, following recognition of potential beyond prior end-of-hole.

Full assays for WLRC052 remain pending, however assays from a zone of strong mineralisation returned a preliminary result of:

5m at 15.75 per cent copper, 52g/t silver from 299m.

Further mineralisation contiguous with this zone is expected, as indicated by the previously reported pXRF result of 9m at 8.59 per cent copper from 299m.

Drillholes WLRC052 and WLRC053 (results pending also) were completed following the intersection of mineralisation in WLRC026.

“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 continued.

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

“The true width remains unknown at this point, 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.

“Peel and its joint venture partner JOGMEC remain highly encouraged by results to date, and by the obvious economic potential of the Wirlong copper system.”

Email: info@peelmining.com.au

Website: www.peelmining.com.au

Tyranna Resources Commences Drilling at Typhoon Prospect

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX), as manager of the Western Gawler Craton Joint Venture, announced that the second half exploration campaign (RC drilling) has commenced at the Typhoon gold prospect, located 35 kilometres from the Challenger gold mine in South Australia.

Tyranna Resources is working on the Western Gawler Craton JV, with WPG Resources (ASX: WPG).

The drilling Typhoon aims to follow up a first phase drill program, which resulted in multiple drill holes intersecting shallow high-grade gold intercepts.

Assay results from the phase 1 program included:


17TYRC004
1 metre at 50.7 grams per tonne gold from 71m;

17TYRC012
13m at 3.88g/t gold from 47m, including 4m at 10.18g/t gold;

17TYRC013
5m at 2.55g/t gold from 70m, including 1m at 7.5g/t gold;

17TYRC004
14m at 1.24g/t gold from 32m; and

17TYRC001
3m at 2.95g/t gold from 45m.

Tyranna explained the 2,000 metres of RC drilling tobe carried out at Typhoon will focus on:

1. Strike extensions to the north-east with planned holes 21 to 33;

2. Strike extensions to the south-west with planned holes 34 to 42; and

3. Testing the parallel structure to the south with planned holes 43 and 44.

“The Typhoon gold prospect ranks as one of Tyranna’s most promising gold prospects due to the high gold grades encountered in its maiden drilling program in the first half of 2017,” Tyranna Resources said in its ASX announcement.

“These drilling results have confirmed the north-east/south-west structure by the underlying magnetic feature is strong vector for gold mineralisation.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Impact Minerals Encounters Thick Widths of Silver and Base Metals

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THE DRILL SERGEANT: Impact Minerals announced interim results from the first two follow up diamond drill holes at the high-grade gold-silver discovery at the Silica Hill prospect, part of the company’s 100 per cent-owned Commonwealth project north of Orange in New South Wales.

Impact Minerals said the drilling returned thick widths of stockwork and narrow veins spaced 30 centimetres to 50cm apart that contain extensive visible silver minerals and zinc, lead and copper sulphides.

The company stressed that the nature and extent of these minerals have been estimated visually and with a hand held XRF instrument that is not capable of detecting gold, however previous results indicate that gold is likely to be present in places.

Hole CMIPT063 tested a modest north-east extension of the mineralised zone and returned a 116 metre thick zone of veins from 57m down hole comprising a lower 70m thick zone of silver and base metal-rich veins and an upper 40m thick zone of silver-rich veins.

The lower zone comprises veins of zinc, lead and copper sulphides that are up to a few centimetres thick and spaced every 50cm to 1 metre down hole.

There are thicker veins up to 20cm thick in places, which, although narrow, contain high grades of zinc and lead (up to 20%), good grades of copper (up to 2%) and very high to exceptional grades of silver (commonly in the hundreds of grams and up to 7,000 g/t silver).

Accessory metals such as molybdenum, antimony, tin, bismuth and arsenic are also present in measurable amounts.

“The nature of the veins and the unique metal assemblage are interpreted to be characteristic of the edges of a high-grade ‘feeder zone’ to the large mineralised system at Silica Hill,” Impact Minerals said in its ASX announcement.

“This is the first indication of this type of feeder vein at Silica Hill and which were postulated to be present in a previous announcement by Impact.

“The feeder zone is interpreted to possibly extend for a further 1,000 metres to the north east.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

Musgrave Minerals Identifies New Cue High-Priority Targets

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) provided managing director Rob Waugh a few talking points for next week’s Diggers & Dealers Forum in Kalgoorlie.

Musgrave Minerals reported that it has identified new high-priority gold targets for drill testing on the Cue project in the Murchison region of Western Australia, along with further assay results from recently completed reverse circulation (RC) drill program.

Musgrave recently exercised its pre-emptive right to acquire Silver Lake Resources’ (ASX: SLR) interest in the Joint Venture and moving to 100 per cent-ownership of the key tenure on the project.

New gold targets soil sampling has identified an extensive gold soil anomaly (Louise Prospect), approximately 600m south of the high-grade Break of Day gold deposit.

The Louise prospect gold target is over 500m long and 250m wide and covers the southern extensions of both the Break of Day and Lena shear zones.

The anomaly has a peak gold value of 1,382ppb gold in soils (1.3g/t gold) and has never been effectively drill tested.

Musgrave indicated it has drilling planned to test this high priority target during the next phase of RC drilling that is scheduled to commence next week.

Further results from base metals and gold focused drilling completed in late May comprising 16 drill holes have been received for all drill holes.

Drilling at three targets returned gold anomalism, CV19 (17EPRC009), CV20 (Lady Stardust – 17EPRC010) and CV22 (17EPRC011).

Musgrave has follow up geochemical surveys, and further drilling planned on these targets, which are within 10km of the Tuckabianna mill that was recently purchased by Westgold.

Highly anomalous copper and zinc was also identified in a number of drill holes and down hole electromagnetic surveys will be undertaken on selected drill holes late this quarter.

Drill hole 17EPRC010 intersected elevated gold including:

18 metres at 0.1g/t gold from 102 to 120m;

This terminated in a second zone which assayed:

1m at 1.24g/t gold at the end of hole at 159m.

Musgrave Minerals has qualified for Western Australian Government Exploration Incentive Scheme (EIS) co-funded drilling support for this drilling.

“These results support the Company’s, very positive view on the gold prospectivity of the Cue project,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“We continue to identify high-priority targets and have a strong belief in the upside potential of the project.

“The Louise target south of Break of Day has the potential to be another high-grade gold discovery opportunity.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Blackham Resources Revises East and West Lode Mineral Resource

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announced a revised Mineral Resource estimate for the East and West lodes at the company’s Matilda/Wiluna gold operation in Western Australia.

Blackham Resources indicated it has Mineral Resource estimates currently underway for the Happy Jack – Bulletin and Adelaide – Moonlight areas, which it expects to be reported later this quarter.

Blackham reported the latest Mineral Resource estimate for the East and West Lodes within an $1,800 per ounce optimised pit shell, based on an additional 30,000 metres of RC and diamond drilling the company completed between January and May 2017.

This drilling provided an improvement in Blackham’s confidence level of the Mineral Resource with 76 per cent now classified in the Indicated category.

Ongoing mining studies, which Blackham anticipates will allow an initial open pit Ore Reserve estimate for the East and West Lode are nearing completion.

“Since drilling commenced in September last year a total of approximately $4 million has been spent on Resource and Reserve definition drilling on the East and West lodes,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“In this time, the Mineral Resource has grown 860 per cent in less than a year from 80,000 ounces to 770,000 ounces, of which 76 per cent is classified as Indicated.

“This represents a very attractive resource addition cost of $5.80 per ounce.

“This large resource base provides a very solid basis for the expansion plans with the Expansion PFS to be released this month.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au

Australian Potash Identifies Gold Potential Next Door to Gold Road

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THE DRILL SERGEANT: Australian Potash (ASX: APC) has had a desktop review completed of the company’s Lake Wells project, located at the northern end of the Yamarna Greenstone belt of the Eastern Goldfields Province in Western Australia.

Australian Potash is hoping to emulate the feats of its neighbour Gold Road Resources (ASX: GOR), which announced gold results two kilometres south-east of APC’s tenement holding at the Ibanez prospect.

As a result, APC commissioned experts in the Yamarna region, CSA Global, to conduct a gold structural interpretation and targeting exercise of its tenements, which cover an estimated 65 kilometres of strike 60kms north-west & along strike of Gold Road’s Gruyere mine development.

Australian Potash said the review has identified 18 priority gold targets along a 62km strike length for further exploration and drilling, including nine high priority areas.

The company anticipates gold exploration and supporting drilling program to commence Q3 2017.

“We will keep the first class project team we have assembled clearly focussed on the delivery of the high value sulphate of potash (SOP) project at Lake Wells to capitalise on the strong outlook for premium quality SOP production,” Australian Potash executive chairman Matt Shackleton said in the company’s announcement to the Australian Securities Exchange.

“In parallel, the exciting regional gold discoveries, high-grade intercepts and results of the CSA Global review present a significant opportunity which demands further assessment.

“The Board will now work closely with our geological and corporate advisors to explore avenues to realise value from the gold potential of our vast and highly prospective ground position.

“We will be considering exploration programs over the coming weeks, with a view to drilling several of the higher ranked targets through Q3 2017.”

Website: www.australianpotash.com.au