Peel Mining Reports Best Wirlong Copper Intercept

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) announced the best copper intercept it has reported to date at the company’s 60 per cent-owned Wirlong prospect near Cobar in western New South Wales.

Peel Mining said the intercept of 17 metres at 4.59 per cent copper and 8 grams per tonne silver from 738m, achieved in drillhole WLRRCDD043, extended the down-dip continuity of strong copper mineralisation at Wirlong to approximately 600m below surface.

“Significantly, a substantial ‘offhole’ downhole electromagnetic geophysical anomaly centred north of WLRCDD043 points to possible extensions to substantial copper mineralisation,” Peel Mining said in its ASX announcement.

“The encouraging indications from WLRCDD043 prompted the decision to drill another hole, WLRCDD044, testing downdip from WLRCDD043, which is continuing.”

Peel Mining’s most recent drilling at Wirlong has completed five RC drillholes (WLRC038 to WLRC042 for 2,150m) and one RC precollar/diamond tail drillhole (WLRCDD043 for 891.6m).

The RC drillholes were designed to test for mineralisation along strike from previous copper intersections.

Peel Mining has reported all drillholes intersected copper mineralisation.

Email: info@peelmining.com.au

Website: www.peelmining.com.au

WPG Resources Encouraged by First Challenger Deeps Gold Assays

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THE DRILL SERGEANT: WPG Resources (ASX: WPG) described recent gold assays from the first hole in the company’s Challenger Deeps drilling program as ‘highly encouraging’.

WPG Resources explained the hole (17CUD2071) was designed to target the M1, Aminus and Challenger West lodes. 

The company said the assay results it had received for this drill hole range from less than 0.01ppm to 740.17ppm gold.

Intercepts on the target structures include:


M1:
1.66 metres (true width) at 14.32 grams per tonne gold from 58m;


Aminus:
0.86m (true width) at 45.12g/t gold from 121m, including 0.26m at 139.69g/t gold; and


Challenger West:
0.86m (true width) at 232.12g/t gold from 140m, including 0.26m at 740.17g/t gold.

“The intercept in Challenger West is particularly pleasing as no significant drilling has previously been undertaken on Challenger West below the 215 shear,” WPG Resources executive chairman Bob Duffin said in the company’s announcement to the Australian Securities Exchange.

“This excellent intercept gives encouragement that this lode may form part of our future mining activities below the 215 shear in addition to the M1 and M2 lodes.”

WPG Resources expects to receive additional results from Phase 1 of this systematic drilling program totalling 14 holes over the next six weeks.

The company indicated the results will be used to plan initial mining activities at Challenger Deeps and identify other structures that may increase the endowment below the shear.

Email: info@wpgreources.com.au

Website: www.wpgresources.com.au

Musgrave Minerals Continues Near-Surface Gold Hits at Lena

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) received a further eleven drill holes from a reverse circulation (RC) drilling program at the Lena gold prospect on the Cue project in the Murchison region of Western Australia, a Joint Venture with Silver Lake Resources (ASX: SLR).

Musgrave Minerals said the latest results are encouraging and support remodelling of the existing resource at Lena.

Infill drilling at Lena to update the shallow oxide resource has intersected:


17MORC015
2 metres at 8.9 grams per tonne gold from 16m down hole;


17MORC016
2m at 8g/t gold from 67m down hole with mineralisation open at end of hole;


17MORC017
4m at 2.4g/t gold from 13m down hole;


17MORC022
6m at 1.0g/t gold from 64m down hole;


17MORC023
11m at 2.3g/t gold from 41m down hole; and


17MORC025
2m at 3.3g/t gold from 7m down hole.

Assay results are pending for a further 18 drill holes from Lena and the Break of Day prospect.

“These positive shallow gold results from Lena extend the mineralisation very close to surface and 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 underway, we are working towards upgrading the Lena and Break of Day Mineral Resources in June 2017 and look forward to continuing the strong drill results that we have produced to date.”

Musgrave Minerals indicated the JV has commenced Stage two of the drill program of a further 35 RC drill holes, which will include both extensional and infill drilling at Break of Day and Lena with a focus on the high-grade southern extension of Break of Day.

The objective of the drilling is to complete a new resource estimate by June 2017 that will underpin studies to demonstrate a viable near term path to development.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Image Resources Increases Boonanaring Ore Resources

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THE DRILL SERGEANT: Image Resources (ASX: IMA) announced a 39 per cent increase in the total tonnes of ore reserves for the company’s 100 per cent-owned Boonanarring minerals sand project in the North Perth Basin of Western Australia.

Image Resources explained the increase in ore reserves follows drill results the company achieved earlier this year, which it claimed to confirm the potential of a 5.6 kilometre high-grade extension of the Boonanarring deposit to the north.

A bankable feasibility study is currently underway for the company’s high-grade Boonanarring and Atlas mineral sand projects, part of which has resulted in the completion of a JORC Code 2012-compliant update of the estimated Ore Reserves for the Boonanarring project.

Image Resources explained that compared to the estimated Ore Reserves for Boonanarring prepared for the company’s 2013 feasibility study, the total tonnes of Ore Reserves have increased by 39 per cent from 14.4 million to 20 million tonnes or by 24 per cent to 17.8 million tonnes based on the strandline mineralisation only, albeit at a lower HM grade and mineral assemblage.

Up to two years of production is now in the Proved category.

Image also completed additional in-fill drilling in March, which it indicated will be used to provide a further update to the Ore Reserves in the coming weeks.

Image said it this is expected to push additional tonnes into the Proved category.

Drilling since 2013 on the southern end of the deposit has extended the strike-length of Boonanarring Strandline Mineralisation from 11.2 kilometres to 13.2 kilometres and added approximately five million tonnes of Mineral Resources,” Image Resources said in its ASX announcement.

“In general, this additional mineralisation is at a significantly lower HM grade (approximately 3.5 per cent HM) and lower in overall mineral assemblage value ( approximately 8.5 per cent zircon) than the previously reported main strandline mineralisation.

“The 2017 Ore Reserves have been incorporated into the ongoing bankable feasibility study (BFS).

“All required engineering work, including operating cost estimates for the study were completed on schedule by the end of March.

“Further review of capital cost estimates and economic modelling is ongoing and BFS reporting is underway and anticipated to be completed during April 2017.”

Email: info@imageres.com.au

Website: www.imageres.com.au

Alliance Gold Hits Healthy Gold Numbers at Weednanna Prospect

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THE DRILL SERGEANT: Alliance Resources (ASX: AGS) released results from reverse circulation (RC) drilling underway at Targets 1 and 2 at the Weednanna gold prospect, part of the Wilcherry Project Joint Venture in South Australia between Alliance (51%) and Tyranna Resources (ASX: TYX) (49%).

Alliance Resources explained the RC drilling program was designed to test the strike, dip, and plunge continuity of three possible high-grade gold mineralised shoots referred to as Targets 1, 2 and 3.

Drilling at Targets 1 and 2 returned new gold intercepts greater than five grams per tonne gold, including:


17WDRC003
49 metres at 6.3 grams per tonne gold from 45m, including 21m at 10.7g/t gold from 48m;


17WDRC012
2m at 61.1g/t gold from 167m;


17WDRC011
10m at 6.8g/t gold from 79m, including 3m at 15.5g/t gold from 81m;


17WDRC013
7m at 11g/t gold from 82m, including 4m at 17.6g/t gold from 84m;


17WDRC014
1m at 20.5g/t gold from 120m; and


17WDRC015
1m at 16.2g/t gold from 99m.

Alliance noted that thirteen out of sixteen holes from Targets 1 and 2 reported intercepts greater than 1g/t gold, which the company has interpreted to confirm high-grade gold mineralisation at Weednanna that supports the Joint Venture’s initial exploration objectives.

“The results are based on one metre samples for gold using 50 grams charge fire assay with AAS finish,” Alliance Resources said in its ASX announcement.

“The high-grade gold results have been validated by acceptable comparison with four metre composite scoop samples collected prior to one metre sampling.”

Alliance has planned a further program of RC drilling to test for extensions to, and infill, high-grade gold intersections at Weednanna Targets 1, 2 and 3 returned from the recent RC drilling program.

This drilling will follow drilling the company has scheduled for May 2017 to test electromagnetic conductors at the Zealous and Telephone Dam prospects.

Email: info@allianceresources.com.au

Website: www.allianceresources.com.au

St George Mining Hits More Copper at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) claimed discovery of further massive nickel-copper sulphides at the Investigators prospect during a drill program currently underway at the company’s Mt Alexander project in Western Australia.

St George Mining said three of the five drill holes it has completed to date have been successful in testing three separate EM conductors.

MAD43 tested an off-hole DHEM plate at Investigators to a downhole depth of 180 metres, intersecting a 10.2m thick ultramafic unit from 147.8m with nickel-copper sulphides.

The hole also intersected a 9.42m thick interval, from 147.8m, of ultramafic with weak-moderate blebby and disseminated sulphides, plus a 0.73m thick interval, from 157.22m, of massive sulphides with spot XRF readings averaging 5.1 per cent nickel and 2.15 per cent copper.

Hole MAD44 tested another DHEM plate at Investigators, approximately 65m to the west of the DHEM plate tested by MAD43.

MAD44 was also drilled to a downhole depth of 180m, intersecting 8.14m of ultramafic from 147.35m with rare disseminated sulphides, as well as remobilised massive to semi-massive sulphides in granite just below the ultramafic contact from 155.69m to 156.11m.

XRF readings of the massive sulphide shows variation in the nickel content from 5 to 6 per cent nickel in the core to 27 per cent nickel in the coarse grained pentlandite-rich rims.

St George has interpreted the massive sulphides in MAD44 to have been remobilised from a proximal body of nickel/copper sulphide mineralisation.

The company indicated a DHEM survey will be completed in MAD44 to investigate for any conductive bodies around the drill hole that may represent the potential source of the mineralisation.

Drillhole MAD45 tested SAMSON Anomaly 6 at Investigators, intersecting ultramafic from 165.2m downhole.

The sulphide mineralisation intersected was determined to be weak disseminated and blebby sulphides from 171m to 174m, moderate blebby and disseminated sulphides from 174m to 178m, 0.88m of strong disseminated and matrix sulphides from 178m to 178.88m, and 0.2m of massive sulphide from 178.88m to 179.08m with spot XRF readings averaging 4 per cent nickel and 0.1 per cent copper.

Further intersections from MAD45 returned 0.68m of matrix and strong disseminated sulphides from 179.08m to 179.76m, with spot XRF readings averaging 1 per cent nickel and 0.03 per cent copper and 0.37m of massive sulphide from 179.76m to 180.13m, with spot XRF readings averaging 7.9 per cent nickel and 2.9 per cent copper.

“The discovery of further high-grade nickel-copper sulphide mineralisation at Investigators confirms the potential to significantly expand the known mineralisation at this prospect, where mineralisation has already been shown to be present recurrently over a strike length of 1.3 kilometres,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are very excited by this early success and the potential for more discoveries over the next few weeks.”

Website: www.stgm.com.au

Plymouth Minerals Achieves High lithium recoveries at San Jose

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THE DRILL SERGEANT: Plymouth Minerals (ASX: PLH) achieved high lithium recovery results from an ongoing metallurgical testwork program underway at the company’s advanced San Jose lithium project in Spain.

Plymouth Minerals said the initial results it had received from this first pass metallurgical testwork program had exceeded its expectations.

The testwork used a sulphuric acid leach to produce a recovery of 97 per cent lithium oxide (Li2O).

Plymouth said this compares favourably to historic feasibility study data completed by Spanish Company Tolsa between 1987-1991 at the project, which demonstrated a 96 per cent recovery.

Plymouth said the work had not only confirmed the integrity of the historical project data it hads recently acquired, but the quality of the historical data, in conjunction with the positive results being achieved by the current field programs at San Jose, could position the company to fast-track economic studies and a Mining Lease Application for the project.

“Achieving 97 per cent recovery results from the initial metallurgical testwork plus the continued broad intersections being delivered from our drilling further confirms the company’s confidence in the strength of the San Jose lithium project,” Plymouth Minerals executive chairman Adrian Byass said in the company’s announcement to the Australian Securities Exchange.

“Plymouth is focused on bringing the project to Feasibility Study and development as quickly as possible.”

Plymouth indicated its keenness to ensure the advancement of San Jose is leveraged off the detailed metallurgical testwork from their earlier feasibility study reports commissioned by Tolsa.

Plymouth said its current testwork program has been developed to confirm the work completed by Tolsa to produce a modern flowsheet that can produce lithium carbonate from the San Jose deposit.

Website: www.plymouthminerals.com

Avalon Minerals Drilling at Viscaria Copper Project

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THE DRILL SERGEANT: Avalon Minerals (ASX: AVI) commenced a program of diamond drilling on the company’s Viscaria copper project, located near Kiruna in northern Sweden.

Avalon Minerals outlined the drilling schedule, which will progress from the old Viscaria Mine to a target that is an interpreted northern extension of the D Zone orebody. Drilling will test a southern shoot at D Zone.

Avalon has already completed ground magnetic surveys, which it said had reinforced the targets previously identified.

The surveys also identified potential targets along the D Zone horizon to the north and south, which are to be modelled and considered for drilling.

Avalon has also progressed detailed structural geology studies aimed at delivering:

A 3-D structural model that will be used to target interpreted high-grade copper zones, at the deposit scale, associated with thickened magnetite zones and potentially higher copper grade feeder zones; and

A set of prioritised, new and existing, targets within 2.5km of the Viscaria copper deposit.

Avalon declared this has already made breakthroughs in the company’s geological understanding of Viscaria, from which it is building a predictive exploration model at the district scale.

“Our Viscaria copper project continues to deliver very strong targets and this latest round of geophysical surveys and technical studies has reinforced that,” Avalon Minerals managing director Malcolm Norris said in the company’s announcement to the Australian Securities Exchange.

“Multiple targets with characteristics similar to those of the D Zone orebody have been defined.

“Results from the current drilling program will be released as assay results are received and assessed.

“The VMS (volcanogenic massive sulphide) model has been strongly reinforced by the recent studies and provides an increased level of confidence in a predictive model, upon which we can plan drilling aimed at increasing mineral resources.”

Email: info@avalonminerals.com.au

Website: www.avalonminerals.com.au

Alloy Resources Field Work Progresses Ophara Cobalt Project

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THE DRILL SERGEANT: Alloy Resources (ASX: AYR) has completed a round of field exploration work at the company’s Ophara project located 50 kilometres west of Broken Hill in New South Wales.

Alloy Resources explained the recent field examination activities of historical GEOTEM anomalies involved a systematic inspection of EM anomaly peaks and trends carried out by traversing the project area by vehicle and on foot, covering an area of approximately 70 square kilometres.

The company said the work defined new areas of apparent gossanous iron‐ rich outcrop and float that may be the remnants of cobalt‐gold mineralisation associated with pyrite.

Two areas (Areas A and B) contained historic prospecting pits on material that appeared to have strong similarities to the Great Goulburn mineralisation.

Alloy said the field traversing also enabled it to map areas of outcrop and cover rocks, from which it observed that approximately 60 per cent of target areas did not have outcrop, being covered by a thin layer of transported sand and eroded ‘colluvial’ rock dominated by pegmatitic material from the top of most hills.

In and around Dams it was noted that semi‐fresh rock was often excavated from shallow depths suggesting no false EM anomalies are likely to be present related to salty water in deep alluvial channels.

“The overall assessment of the surface in the area is that the aerial EM anomalies are highly likely to represent subsurface pyrite conductors – particularly as two of the outcropping conductor trends have historical workings on them,” Alloy Resources said in its ASX announcement.

“Further exploration will include some soil sampling over elevated areas, however detailed new aerial electromagnetic surveying is also likely to define first pass drill targets.

“A total of forty rock chip samples and eight Lag soil samples were collected.

“Sample results are expected to be received shortly.”

Email: info@alloyres.com

Website: www.alloyres.com

Gascoyne Resources Delivers More Results from Sly Fox Prospect

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

Gascoyne Resources said the latest RC results from the recent Sly Fox gold discovery include:

23 metres at 1.6 grams per tonne gold from 101m, including 11m at 2.7g/t gold; and

30m at 1.5g/t gold from 106m, including 14m at 2.6g/t gold.

The Sly Fox prospect is situated less than two kilometres from the proposed Dalgaranga mill.

Gascoyne said these latest RC drilling results confirm encouraging grade and widths, with the mineralised zone remaining open at depth and along strike and continue to re-enforce the exploration potential at the Dalgaranga gold project outside of the known resources, and the likelihood of extensions to mine life.

The company has carried out a Resource and extensional drilling program with a further eight RC holes completed, predominantly testing shallow up-dip oxide zones to better constrain gold mineralisation near surface.

Results from this drilling are pending.

A further program of aircore drilling targeting strike extensions of the Sly Fox shear zone and several other parallel structures identified in aeromagnetic data has also been completed.

“Drilling has identified what is interpreted to be the mineralised Sly Fox structure a further 700 metres to the southeast with a highly-altered schist/shale sequence intersected,” Gascoyne Resources said in its ASX announcement.

“Assays are pending, with results expected to be received within two weeks.”

Gascoyne indicated a Helicopter Airborne Electromagnetic (HEM) geophysical survey has commenced to help identify/map conductive stratigraphy, in particular graphitic black shales that are intimately associated with gold mineralisation at Dalgaranga.

“The HEM survey is expected to identify additional structural and stratigraphic targets similar to the recent gold discoveries at Gilbeys South and Sly Fox, which are expected to not only increase the early production (through an increase is the soft oxide mill feed) but also increase the mine life,” the company said.

“This new data set when coupled with the detailed aeromagnetic data will significantly improve the targeting capability on the project, increasing the potential for additional discoveries which would add to the Dalgaranga mine life.”

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