Brightstar Resources Releases Aspacia Mineral Resource Estimate

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THE DRILL SERGEANT: Brightstar Resources (ASX: BTR) released an initial Mineral Resource Estimate (MRE) for the Aspacia deposit within the company Menzies gold project in Western Australia.

Brightstar Resources has now increased the total Menzies MRE by around 20 per cent since taking ownership of the project in late May 2023.

The Aspacia JORC 2012-compliant MRE has come in at 1.37 million tonnes at 1.6 grams per tonne gold for 70,000 ounces of gold at a 0.5g/t gold cut-off grade.

Within the Aspacia MRE, there is a high-grade subset of 290,000 tonnes at 3.72g/t gold for approx. 35,000 ounces using a 2g/t gold cut-off grade.

Brightstar said the Mineral Resource growth vindicates the company’s strategy strategy of identifying, drilling and delineating areas considered prospective to hold future potentially mineable ounces.

“We are delighted to announce that we’ve added a further 70,00 ounces to the Menzies gold project, with +90,000 ounces added by Brightstar to the original 505,000 ounces acquired three quarters ago through the transaction with Kingwest Resources Ltd,” Brightstar Resources managing director Alex Rovira said in the company’s ASX announcement.

“Encouragingly, the Selkirk-First Hit-Lady Shenton trend seems to be distinct to that of the Aspacia deposit, which may lead to similar repetitions north and south of Aspacia and warrants further follow up exploration which we’ll target in our upcoming drilling programs set to re-commence this quarter.

“The results from the previous drilling and the MRE output utilising a typical underground mining economic cut-off grade indicates to Brightstar that strong potential exists to assess a modest-scale underground operation at Aspacia given the grades and widths observed.

“With the technical PFS work streams underway, RC and diamond drilling will shortly recommence at Brightstar’s projects and conduct large programs targeting conversion and upgrades to our current MREs proposed to be mined within our BTR 2023 Scoping Study, along with Linden gold projects at Second Fortune and Jasper Hills.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Spartan Resources Claims New High-Grade Gold Discovery

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THE DRILL SERGEANT: Spartan Resources (ASX: SPR) has claimed discovery of a new high-grade gold lode at the company’s 100 per cent-owned Dalgaranga gold project in the Murchison region of Western Australia.

Spartan Resources made the discover immediately south of its 952,000 ounces Never Never gold deposit.

The new lode, named the Pepper gold prospect, sits approximately 90 metres south of the previous southernmost intercept at Never Never and all current conceptual underground development designs for future underground drilling and potential extraction of high-grade Never Never gold mineralisation pass by the new high-grade Pepper discovery position.

The company noted the discovery intercept of 17.52m at 15.86 grams per tonne gold, including 9.22m at 27.89g/t gold, comprises typical Never Never-style mineralisation with similar grades and mineralogical characteristics.

“The discovery of the new high-grade Pepper gold prospect, located directly between Never Never and Four Pillars, is yet another game-changer for the Dalgaranga gold project,” Spartan Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“The core from the discovery hole DGRC1432-DT shows the same thick, heavily-altered volcaniclastic host-rock, orientation and mineralisation style as Never Never and the gold grades are consistent across the entire intercept and of an impressive tenor, to this point only seen elsewhere at Never Never.

“Think of fold shoots as linear folds like those on a corrugated iron roofing sheet.

“The sheet represents the north-striking steeply west-dipping volcaniclastic rock package at Dalgaranga.

“East-west shears regularly cross-cut the sheet, creating corrugations or fold shoots.

“The troughs of the folds host steeply plunging high-grade gold mineralisation while the ridges between host lower-grade gold mine.”

Spartan has drilled several follow-up holes up-dip from DGRC1432-DT which have intersected the same style of mineralisation, from which it awaits assays.

“The potential to add further high-grade ounces in close proximity to planned future infrastructure through discoveries like this is central to our strategy and investment proposition – and demonstrates clearly why we think there is so much more upside in what is turning out to be a truly remarkable gold system at Dalgaranga!” Lawson said.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Legacy Minerals Gets High-Grade Gold Drilling Underway at Black Range

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THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) has drilling underway at the company’s 100 per cent-owned Black Range project in New South Wales.

Legacy Minerals has commenced a first-phase, 1,100 metres diamond drilling program at the Sugarbag Hill prospect a large epithermal gold-silver system that has remained undrilled for three decades.

The last drilling conducted at Sugarbag Hill was by done by Newcrest Mining in 1992, which resulted in that company being unable to find any high-grade feeder zones.

Legacy Minerals has now identified coincident Induced Polarisation (IP) and geochemical targets that were not recognised by previous explorers and remain untested by drilling.

“The gold targets at Sugarbag Hill are large, compelling, and untested since Newcrest ceased exploration 32 years ago,” Legacy Minerals CEO and managing director Christopher Byrne said in the company’s ASX announcement.

“The target remains open as Newcrest’s exploration program did not identify the high-grade feeding targets and there has been no on-ground exploration or drilling since 1992 at Sugarbag Hill.

“To Legacy Minerals’ advantage there has been both a significant advance in epithermal mineral system understanding, as well as a sustained growth in the gold price.

“This increases both the probability of success and the value of a gold discovery.

“Undrilled prospects of this nature are rare opportunities to test for high-grade gold and silver targets in mineral systems that are globally recognised for their potential to turn into high-margin gold mines.

“In addition to Black Range, Legacy Minerals is in the unique position of controlling three district scale epithermal systems including, Bauloora, which is being explored with the world’s largest gold miner Newmont, and the Drake gold-silver epithermal system.

“With the drilling now underway at Sugarbag Hill we look forward to updating the market as this exciting drilling program progresses.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Impact Minerals to Commence Drilling at Arkun REE Project

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has the tools out for commencement of an aircore drilling program at the Hyperion rare earth element (REE) prospect, part of the company’s 100 per cent-owned Arkun project in the southwest of Western Australia.

Impact Minerals will be drilling approximately 40 holes for 2000 metres to test a previously identified REE soil geochemistry anomaly at Hyperion.

The company has earlier reported results of up to 5,880 parts per million (ppm) total rare earth element oxides and yttrium (TREO +Y), which it claimed as some of the highest TREO-in-soil results reported recently in Western Australia.

Other REE soil geochemistry anomalies have been identified at the Swordfish and Horseshoe targets.

Impact has defined an area over three square kilometres at greater than 1,000ppm TREO+Y at Hyperion.

Gathered data indicates Hyperion to hold potential to be a very large target for clay-hosted REE mineralisation immediately below the laterite cap, which is only a few metres thick in most places making it a priority area for drilling.

“The discovery of the Hyperion REE prospect was a significant breakthrough in exploring the Arkun project, and we are eager to drill test the anomaly to assess the depth extent of the weathered clay that may host the REE mineralisation,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“The key to an economic discovery is to evaluate how easily the REEs can be extracted through simple acid leaching of clays and, so we will be sending samples for preliminary test work as quickly as possible.

“Given this is the first-ever drill program at Arkun, and that several other significant REE anomalies remain to be tested at Arkun, for example Swordfish and Horseshoe, the extraction characteristics will have an important bearing on any future resource definition drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Asra Minerals Reports Initial MRE for Yttria REE Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) reported its first JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Yttria rare earth element (REE) deposit.

Asra Minerals reported the MRE covers the first two kilometres of strike at the Yttria REE deposit that sits within its Mt Stirling project near Leonora in the Goldfields region of Western Australia.

The Yttria MRE has come in at 15 million tonnes at 490ppm total rare earth oxide (TREO) with 67ppm scandium oxide (Sc2O3), 55 per cent of which has been categorised as Indicated.

The MRE has a high ratio of 55 per cent heavy rare earth oxides (HREO) incorporating high value dysprosium (Dy) and terbium (Tb) rare earth oxides.

Asra considers the high ratio of 55 per cent heavy and 22.5 per cent magnet rare earth oxides boosts Yttria’s credentials as a well-studied deposit in a Tier 1 mining jurisdiction the company expects will expand as ongoing exploration and metallurgical work provides further detail on the controls on mineralisation and refinement in potential recoveries and methods of extraction.

Recently carried out phase one metallurgy found two potential pathways to extract REE at Yttria, with results, including magnet rare earth elements (MREO) extractions of up to 78 per cent.

“Our maiden MRE for the Yttria REE deposit is an exciting moment for Asra Minerals and our shareholders, placing us another step closer to delivering the critical minerals needed to charge global electrification,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“This MRE sits neatly within our extensive gold portfolio at Mt Stirling in the world-renowned Goldfields region, where we also hold a current gold JORC Resource of 152,000 ounces at 1.7 grams per tonne gold across the project.

“Our focus will now turn to progressively expanding and growing the REE resource at Mt Stirling and utilise these learnings for exploration activity at our nearby Kookynie West project, just south of Leonora.

“I look forward to providing further updates as we venture into this next phase of exploration across our multi-commodity portfolio in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cygnus Metals encouraged by First Lithium Assays at Pegasus, Auclair

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THE DRILL SERGEANT: Cygnus Metals (ASX: CY5) announced first assays from recently conducted diamond drilling at the Pegasus discovery within the company’s Auclair lithium project in James Bay, Quebec.

Cygnus Metals reported the assays to confirm thick mineralisation at Pegasus within 50 metres of surface, with a highlight intersection of

43.7 metres (true width) at 1.15 per cent lithium oxide (Li2O) from 46.4m, including 4m at 3 per cent Li2O, which includes 1m at 5.9 per cent Li2O.

Cygnus declared this result as the standout intersection it has drilled to date with impressive widths and grade comparable to other major deposits in the region and globally.

Substantial grades of up to 5.9 per cent Li2O were returned from a zone of intense spodumene mineralisation, part of a larger interval grading at 3 per cent Li2O over 4m.

“This outstanding intersection shows exactly why we are on the hunt for lithium in James Bay,” Cygnus Metals managing director David Southam said in the company’s ASX announcement.

“Despite its immense lithium potential, the area is still heavily underexplored when compared to more mature lithium terranes like Western Australia.

“This result puts Auclair on the map as potentially the next breakthrough lithium discovery in James Bay.

“Auclair clearly demonstrates all the key ingredients for a significant discovery, with regional scale, high-grades and significant thick intersections.”

Cygnus considers the results to indicate substantial potential for the larger system at Auclair which shows an optimal fractionation trend over at least 10km of strike and multiple spodumene pegmatite discoveries over 6km of strike.

Much of this trend remains underexplored where the company believes there to be potential for further discovery in the surrounding area and within the 1.6km of unexplored ground between the Pegasus and Lyra outcrops.

Lyra, which returned rock chip results of up to 6.7 per cent Li2O and is yet to be drill tested, is also thought to be shallow to moderate dipping and in the same orientation as Pegasus.

“We have only scratched the surface through recent programs and look forward to getting back on the ground in May and continuing with prospecting around Pegasus and Lyra, which were discovered just days before the end of the season,” Southam continued.

“Lyra is only 1.6 kilometres north of Pegasus and will be one of the high priority drill targets in June 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Defines High Potential Tabba Tabba Pegmatites

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has completed its first exploration drilling campaign at the company’s 100 per cent-owned Tabba Tabba lithium project in Western Australia.

Sayona Mining reported the drilling identified high potential pegmatite systems containing caesium and tantalum.

Based on these results, Sayona plans to conduct deeper drilling along a 7.5km prospective corridor located immediately south of the historic Tabba Tabba tantalum mine, where recent exploration by Wildcat Resources (ASX: WC8) has also identified lithium mineralisation.

An orientation ground gravity geophysical survey has commenced to identify the prospective gabbro – sediment contact for targeting, as this is an important control for lithium mineralisation within the area.

Reverse Circulation (RC) drilling is planned after the completion of the gravity survey to test existing and new gravity defined targets within fresh rock at depth.

“We are pleased with the results of the drilling program so far, which delineated a prospective lithium corridor, as we advance our wholly owned Western Australian lithium assets,” Sayona Mining director and Interim CEO James Brown said in the company’s ASX announcement.

“These encouraging drill results at Tabba Tabba identified high potential pegmatites and provide a strong basis for us to proceed to a deeper RC drilling program.

“Given the recent discoveries in neighbouring tenements, we are excited to progress the exploration for lithium mineralisation in Western Australia.

“We look forward to continuing our exploration program in both Québec, Canada and Western Australia as we expand and diversify our global lithium portfolio.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Wildcat Resources Claims New Tabba Tabba Lithium Discovery

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THE DRILL SERGEANT: Wildcat Resources (ASX: WC8) claimed another lithium discovery at the company’s Tabba Tabba lithium project, near Port Hedland, in the Pilbara region of Western Australia.

Wildcat Resources reported discovery of the Luke pegmatite as well as further results achieved at the Leia pegmatite from ongoing drilling at Tabba Tabba.

The company made the Luke pegmatite discovery, described as “a thick lithium mineralised repetition” while conducting exploration drilling beneath the Leia deposit.

Intercepts include:

TARC111D
41 metres at 1 per cent lithium oxide (Li2O) from 267m (downhole width), including 24m at 1.3 per cent Li2O from 276m within 80.3m at 0.8 per cent Li2O from 232.7m.

Diamond drilling at Leia continued to return impressive results including:

TADD015
68m at 1.4 per cent Li2O from 337m (est. true width), including 50m at 1.5 per cent Li2O from 338m; and

TADD011
58.7m at 1.3 per cent Li2O from 333.1m (est. true width), including 11.8m at 2.3 per cent Li2O from 362.2m.

Wildcat said the discovery of Luke had delivered much encouragement for the company to continue its aggressive exploration campaign across the Tabba Tabba tenements.

“The blind discovery of another thick mineralised pegmatite at Luke confirms the ongoing exploration potential at Tabba Tabba,” Wildcat Resources geology manager Torrin Rowe said in the company’s ASX announcement.

“It is pleasing to see our exploration team’s efforts in developing and testing geological theories being rewarded.

“We look forward to delineating the scale of the exciting Luke pegmatite and continuing to test the developing exploration model with the aim of making further discoveries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Platina Resources Confirms Extension of Xanadu Oxide Gold Mineralisation

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THE DRILL SERGEANT: Platina Resources (ASX: PGM) has confirmed a large extension of oxide gold mineralisation at the company’s Xanadu project in Western Australia.

Platina Resources extended the mineralisation via a 15 hole reverse circulation (RC) drilling campaign drilled in Xanadu’s western tenements to test a previously-defined 8km-long gold mineralised corridor.

The company reported oxide gold mineralisation intersected in three out of five holes drilled at the Amphitheatre West prospect, that returned results including:

XARC016
48 metres at 0.53 grams per tonne gold from 76m, including 2m at 1.93g/t gold from 76m and 1m at1.01g/t gold from 83m and 12m at 1.35g/t gold from 89m;

XARC018
11m at 1.04g/t gold from 144m, including 2m at 3.92g/t gold from 144m; and

XARC019
15m at 0.69g/t gold from 150m, including 5m at 1.64g/t gold from 156m.

Platina explained the Amphitheatre West holes were drilled on a 200m spacing, following up on earlier encouraging results achieved from its 2022 RC drilling at the prospect.

“The ‘extremely encouraging’ intercepts confirmed oxide mineralisation extended a further 500 metres west of the historical Amphitheatre pit and was still open down dip and along strike to the west,” Platina Resources managing director Corey Nolan said in the company’s ASX announcement.

“Drilling has confirmed Xanadu West’s potential to host a large zone of oxide mineralisation.

“Our priority now is to test deeper airborne electromagnetic (AEM) and induced polarisation (IP) targets with up to four holes as soon as a diamond rig becomes available to try and unlock the deeper sulphide potential of the system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Torque Metals Commences New Paris Gold Project Drill Campaign

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THE DRILL SERGEANT: Torque Metals (ASX: TOR) has commenced follow-up drilling at the company’s wholly-owned Paris Gold project outside Kalgoorlie in Western Australia.

Torque Metals indicated the reverse circulation (RC) and diamond drilling campaign will focus on the Observation-Paris-HHH-Eva gold discoveries within the Paris project.

The drilling hopes to extend high-grade gold structures at Paris, Observation, HHH and Eva prospects where the company has previously encountered strong gold intercepts.

“A 6,500-metres reverse circulation (RC) and diamond drilling campaign is poised to commence this week at the Paris gold project potentially host to multiple deposits within a larger mineralised system, spanning approximately 2.5km by 1km remaining open in all directions,” Torque Metals managing director Cristian Moreno said in the company’s ASX announcement.

“Torque believes that Paris possesses the attributes indicative of a tier 1 gold project, largely due to the presence of parallel structures and splays controlled by the Boulder Lefroy System.

“This conviction finds support in robust gold intercepts, exemplified by drill holes such as 23PRCDD076, yielding 35m at 14.12g/t gold from 157.85m, including intervals such as 1.2m at 185g/t gold from 174.7m, alongside other notable intersections across various drill holes.

“Metallurgical testing outcomes significantly bolster the project’s viability, with gravity and cyanide leaching recoveries achieving very strong results.

“Gravity concentration yields approximately 40% gold recovery for both Paris and Observation.

“Impressively, cyanide leach testing demonstrated Paris achieved a recovery rate of 96.79%, while Observation attained an even higher recovery rate of 99.7% with minimal cyanide consumption required.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE