Tyranna Resources Hits High-Grade Gold With First Typhoon Holes

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announce the first batch of assay results from reverse circulation (RC) drill holes completed at the Typhoon Gold Prospect

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) (TYX 72% – WPG 28%)

The Typhoon prospect is located approximately 39 kilometres south of the Challenger gold mine and is part of the larger Jumbuck gold project in the Northern Gawler Block of South Australia.

High grade intercepts from the recent drilling include:

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

17TYRC012
12m at 3.95g/t gold from 44m;

17TYRC003
1m at 12.5g/t gold from 43m;

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

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

“We have been ‘champing at the bit’ to revisit the historical drilling at Typhoon and Monsoon as those early results by Challenger drilling crews give strong indication that these prospects are highly mineralised targets,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“Our team is very excited to now be following up that early work with targeted drilling and a plan to model the geology and mineralisation so we can work out what we potentially have on our hands at Typhoon and Monsoon.”

Tyranna explained these were the first holes to be drilled of a current drilling program in the southern portion of the Jumbuck gold project.

Drilling began on 14th March and 13 holes have been completed Typhoon and 4 holes at Monsoon.

Earlier drilling on the Typhoon prospect by previous explorers produced an encouraging start, however the program was halted and focus was directed to drilling out the Challenger gold mine.

Those early results outlined Typhoon as a priority target, from which Tyranna designed a drill program to augment and enhance the previous work done on the prospect.

Tyranna said the new drill program and results at Typhoon will deliver a better understanding of the geological model and mineralisation ahead of further exploration plans.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Breaker Resources Confirms Continuity at Bombora

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) announced further shallow, wide, high-grade drilling results from ongoing infill reverse circulation (RC) and diamond drilling at the Bombora gold discovery within the company’s 100 per cent-owned Lake Roe gold project east of Kalgoorlie in Western Australia.

Breaker Resources explained the drilling is part of an ongoing program targeting an initial JORC Resource in late 2017 with recent efforts targeting adequate drill resolution to identify the structural controls of gold mineralisation within and along strike to the main 2.2 kilometre Bombora discovery zone.

Latest RC results include:

BBRC0266
20 metres at 3.65 grams per tonne gold from 60m, including 12m at 5.67g/t gold and 2m at 19.64g/t gold;

BBRC0264
45m at 1.79g/t gold from 8m, including 15m at 2.8g/t gold and 8m at 2.81g/t gold from 45m, including 6m at 3.47g/t gold;

BBRC0268
19m at 1.42g/t gold from 9m, including 11m at 2g/t gold and 7m at 2.57g/t gold; and

BBRC0269
3m at 21.74g/t gold from 68m, including 1m at 56.94g/t gold.

“The higher drill density is starting to clarify the mineralisation controls,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“The results we are seeing upgrade the largely untested depth potential in the 2.2 kilometre-long Bombora gold discovery, as well as the gold potential over large areas along strike, where many significant gold drill intercepts are ‘floating in space’ due to the wide-spaced nature of earlier drilling.

“We are starting to see stacked, plunging, sub-horizontal, high-grade quartz vein arrays sitting above controlling faults for example, and this bodes well for the long term underground mining potential.

“We are also starting to see more west-dipping gold lodes with good continuity adjacent to (and locally within) the main 2.2 kilometre Bombora discovery that have not been adequately tested by the west-orientated reconnaissance drilling.

“This upgrades the potential of several large areas including the Crescent prospect, the Bombora South prospect and an area of structurally repeated quartz dolerite to the immediate east of the Bombora discovery.

“The Bombora discovery is likely to grow as a result.”

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

Gascoyne Resources Confirms Sly Fox Mineralisation

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) released further assay results from RC drilling on the recent discovery at the Sly Fox prospect within the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources carried out shallow RC follow-up drilling testing up-dip of previous holes at Sly Fox, which it claims has confirmed wide zones of mineralisation extending virtually right to surface, which can be traced over 250m along strike and to a depth of more than 150m

The shallow intersections include:

27m at 1.6 grams per tonne gold from 20m, including 9m at 3.1g/t gold;

32m at 1g/t gold from 4m, including 16m at 1.5g/t gold;

19m at 1.5g/t gold from 16m, including 10m at 2.45g/t gold;

13m at 1.2g/t gold from 11m gold; and

14m at 1g/t gold from 40m, including 7m at 1.6g/t gold.

“At the same time as the shallow drilling was completed, two deep RC drillholes were drilled to test the depth potential at Sly Fox,” Gascoyne Resources said in its ASX announcement.

“The first deep RC hole intersected the Sly Fox shear zone and a highly altered package of rocks in the expected position, with results for this hole expected shortly.

“The second hole deviated from the planned position and as a result the RC rig was unable to drill to the required depth to reach the projected ore zone.

“A diamond tail is required to extend this RC hole.”

Gascoyne Resources indicated it has also commenced preliminary metallurgical test work on the Sly Fox mineralisation to determine if it will be capable of being treated through the proposed Dalgaranga process plant.

While all this has been happening, at Dalgaranga, a Helicopter Airborne Electromagnetic (HEM) geophysical survey covering approximately 50 square kilometres has been completed.

The survey has been designed to identify and map conductive stratigraphy, in particular black shales that are intimately associated with gold mineralisation at the Gilbeys, Sly Fox and Golden Wings Deposits.

The Dalgaranga gold project contains a Measured, Indicated and Inferred Resource of 29.6 million tonnes at 1.3g/t gold for 1,230,000 ounces of contained gold including Proved and Probable Ore Reserve of 552,000 ounces of gold.

Email: admin@gascoyneresources.com.au

Website: www.gascoyneresources.com.au

Investigator Resources Upgrades Paris to 42Moz of Silver

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) announced an upgrade to Mineral Resource Estimate of the company’s Paris silver project, located within the company’s 100 per cent-owned Peterlumbo tenement on the northern Eyre Peninsula of South Australia.

Investigator Resources explained the upgrade followed a program of infill drilling undertaken on the project late last year.

Total Mineral Resources are now estimated at 9.3 million tonnes at 139 grams per tonne silver and 0.6 per cent lead for 42 million ounces of contained silver and 55,000 tonnes contained lead at a cut-off of 50g/t silver.

When compared with the previous 2015 Inferred Mineral Resource Estimate of 8.8 million tonnes at 116g/t silver for 33 million ounces – using the same cut-off – the new estimates show:

A 20 per cent increase in silver grade re-emphasising the high-grade and quality ounces of Paris compared with Australian peer silver deposits; and

A 26 per cent increase in contained silver ounces reflects progressive growth in the resource estimates for Paris.

The Indicated component of the new estimate is 4.3 million tonnes at 163g/t silver and 0.6 per cent lead for 23 million ounces contained silver and 26,000 tonnes contained lead (mostly in the area of recent infill drilling).

Investigator said the upgrade had provided the company with confidence to proceed with prefeasibility studies on the Paris silver project to build on positive initial metallurgical work.

“Investigator is pleased to report the upgraded results of the Mineral Resource for the Paris silver project,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“The high-grade and additional ounces confirm Paris as possibly the best undeveloped silver deposit in Australia.

“The increased confidence in the resource enables Investigator to continue with prefeasibility studies including mine design, local water supply and metallurgical extraction.

“The objective is to develop Paris as a high-grade open-pit mining project.

“The prefeasibility study is scheduled for completion in the third quarter of 2017.

“The upgraded Paris resource technically underpins the search for much larger copper-gold porphyry deposits at the adjacent Nankivel prospect where a drilling program is currently in progress.”

Email: info@investres.com.au

Website: www.investres.com.au

Kin Mining Claims Spectacular Gold Discovery

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) claimed an exciting gold discovery at the company’s 100 per cent-owned Leonora gold project (LGP) in Western Australia.

Kin Mining declared the discovery of a high-grade zone of primary mineralisation at the Lewis deposit, within the Cardinia Mining Centre at the LGP.

Recent drilling returned high-grade intercepts including:


LS17RC067
16 metres at 37.6 grams per tonne gold from 47m, including 5m at 117g/t gold;


LS17RC064
13m at 14.3g/t gold from 49m, including 3m at 50.7g/t gold;


LS17RC074
17m at 6g/t gold from 20m, including 2m at 44.7g/t gold;


LS17RC076
15m at 3.4g/t gold from 58m, including 2m at 21.3g/t gold;


LS17RC057
4m at 15.3g/t gold from 33m, including 1m at 55.5g/t gold; and


LS17RC056
27m at 2.7g/t gold from surface, including 1m at 32.2g/t gold.

Kin considers the results to be particularly outstanding because multiple high-grade intersections can be traced along a lithological contact for 500m of strike within the primary bedrock.

This zone of mineralisation was previously undetected because previous explorers had focused on the shallow supergene resources which dominate the Cardinia area.

“This is an outstanding discovery for Kin and congratulations to our geology team,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The new zone of mineralisation is not only very high-grade, but it is also large, with every potential to grow significantly as we drill further along strike in both directions and deeper.

“In light of the high-grade primary zone discovery, the planned open pit designs will likely be deeper and larger than anticipated.

‘We therefore plan to continue drilling and assess extending our Definitive Feasibility Study (DFS) to include the primary mineralisation.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

Rox Resources Commences Drilling at Fisher East

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced a drilling program on the company’s Fisher East nickel sulphide project in Western Australia.

Rox Resources explained the Fisher East drilling started after the completion of an aircore drilling program at the Mt Fisher gold project by Rox’s farm-in partner Doray Minerals (ASZ: DRM) targeting structural positions for gold mineralisation.

Assay results for this drilling are expected in four to six weeks.

The drilling program commenced on the Fisher East nickel sulphide project consists 1,800m of RC and a further 3,350m of diamond drilling expected to commence in early May.

All drilling is expected to be completed by mid-June.

“We are excited about the high quality drill targets at Fisher East and we will report the assay results as they come in,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“Like zinc a few years ago, nickel is now predicted to undergo a significant price rise within two to three years, which will make nickel sulphide projects like Fisher East extremely attractive.”

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

Broken Hill Prospecting Sharpens HMS Focus

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THE DRILL SERGEANT: Broken Hill Prospecting (ASX: BPL) announced it a refocusing of the company’s corporate strategy towards becoming a sizeable Heavy Mineral Sands (HMS) producer concentrating on the world-class Murray Basin in western New South Wales.

Broken Hill Prospecting wholly-owned subsidiary, Murray Basin Minerals Pty Ltd, applied for exploration licences for three new tenements known as Central Para (ELA 5450), Tararra (ELA 5451) and Budgeree (ELA 5449).

The tenement applications are located between Broken Hill and Mildura and adjacent to current BPL project areas.

Together with six exploration licences already owned wholly or in joint venture, BPL now claims the third largest tenement portfolio in the Murray Basin after industry leaders Iluka Resources Ltd and Cristal Mining.

“Broken Hill Prospecting’s new exploration team has undertaken an extensive data compilation and prospectivity analysis within the world-class Heavy Mineral Sands province covered by the Murray Basin,” Broken Hill Prospecting CEO Trangie Johnston said in the comapy’s announcement to the Australian Securities Exchange.

“Based on this analysis, new tenement applications containing high value mineralised strandlines will strategically expand BPL’s significant tenement portfolio to take advantage of improving HMS market conditions.”

BPL indicated an initial exploration program comprising 1,500m of shallow drilling will focus on the company’s 100 per cent-owned Springwood tenement (EL 8309) aimed at accelerating resource expansion

Additional exploration programs are currently being defined on BPL’s other 100 per cent-owned tenements.

Email: info@bhpl.biz

Website: www.bhpl.biz

Musgrave Minerals Releases More Gold Assays from Lena

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) received assay results for a further 14 drill holes from the Lena gold prospect drilled during a recently completed phase one reverse circulation (RC) drilling program on the Cue project Joint Venture in the Murchison region of Western Australia.

Musgrave Minerals said the aim of the drilling is to extend and infill the existing mineralisation to improve the shallow resource and to enhance the open cut mining potential at Lena.

Results included:

17MORC029
4m at 2.2 grams per tonne gold from 22m down hole;

17MORC034
8m at 6.4g/t gold from 13m down hole, including 4m at 10.9g/t gold from 17m and 3m at 6.3g/t gold from 58m;

17MORC035
5m at 6.2g/t gold from 46m down hole, including 1m at 20.1g/t gold from 48m with the hole terminating in mineralisation;

17MORC036
2m at 10.9g/t gold from 72m; and

17MORC038
1m at 13.1g/t gold from 51m down hole.

“These positive shallow high-grade gold results from Lena will enhance the oxide component of the existing resource estimate,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“With the next phase of drilling progressing well, we are working towards upgrading the Lena and Break of Day Mineral Resources in June 2017, and look forward to continuing to define extensions to the known high-grade gold mineralisation.”

The Lena deposit is currently defined along a 1.6 kilometre strike length and hosts a total combined Mineral Resource of 1.273 million tonnes at 1.86g/t gold for 76,000 ounces of gold.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Blackham Resources Confirms new Golden Age Geological Model

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announced recent drilling results have confirmed a new geological model for the Golden Age orebody, part of the company’s Matilda gold project near Wiluna in Western Australia.

Blackham Resources explained that historical drilling in the deepest part of Golden Age intersected high-grade mineralisation in the hanging wall of the predicted position of Golden Age.

The company acknowledged the results had not been understood previously due to the complex nature of the orebody, however, it considers the location of these intercepts to be consistent with the revised geological model which predicts that mineralisation is likely to occur in this position.

Assays have been received from two of four holes drilled to test this new concept with high-grade mineralisation intersected in both holes including:

0.9 metres at 36.6 grams per tonne gold;

0.5m at 118g/t gold ;

3m at 15.4g/t gold; and

2m at 10.5g/t gold.

“Our geological team has done a great job in reinterpreting the Golden Age orebody based on the development data and confirming the new geological model in a short period of time,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The decision to slow development in the underground has been a prudent one.

“The confirmation drilling has now given us comfort to recommence development work between the 920 to 965 levels.

“Stoping of ore is ongoing above these levels and is providing higher grade profile to the mill.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au

Venture Minerals Identifies New VMS Target

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has claimed discovery of a large VMS (Volcanogenic Massive Sulphide) style target within the company’s southwest tenement package, located south of Perth in Western Australia.

Venture Minerals said the prospect, known as Thor, hosts a 400-hectare surface geochemical anomaly situated kilometres from historic drilling containing VMS style massive sulphides.

The company explained it had located the historical drill core following a recent search of the Department of Mines and Petroleum’s Perth Core Library.

The drill core was recorded as containing several metres of massive sulphides including sphalerite, galena and chalcopyrite.

Portable XRF confirmed the presence of zinc, lead and copper.

Venture Minerals said it considers the find of VMS style massive sulphides within a few kilometres of a recently identified anomaly – and within the same geological unit – to elevate the potential of the Thor prospect.

The company added that recent assay results from surface sampling have confirmed the Thor prospect hosts geochemistry consistent with VMS style mineralization.

“The identification of a potential VMS system within our existing tenement package provides an exciting opportunity for shareholders, particularly following our recent successes at the Caesar project, where the company is currently finalising a maiden drill program,” Venture Minerals managing director Hamish Halliday said in the company’s announcement to the Australian Securities Exchange.

“We look forward to further results from the Thor prospect and anticipate finalizing a drill target as soon as possible.”

Venture Minerals said the potential of the Thor prospect provided the impetus for the company to now focus on defining drill targets with follow-up surface sampling and airborne geophysical surveys, scheduled to commence in the coming weeks.

Website: www.ventureminerals.com.au