Musgrave Minerals continues to celebrate Break of Day results

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THE DRILL SERGEANT: Musgrave Minerals’ (ASX: MGV) run of strong assay results has continued from reverse circulation (RC) drilling carried out at the Break of Day prospect on the company’s Cue project Joint Venture with Silver Lake Resources (ASX: SLR) in the Murchison region of Western Australia.

Drill hole 16MORC052 intersected 2 metres at 41.5 grams per tonne gold (uncut) from 190m down hole, extending the high-grade gold mineralisation a further 45m down dip on section 13300mN.

Musgrave Minerals said the intersection has been interpreted to be within the Twilight Lode and is open down plunge.

Drill hole 16MORC053 intersected 3m at 7.9g/t gold from 124m down hole in the projected position of the Twilight Lode.

Drill hole 16MORC056 intersected 4m at 6.1g/t gold from 68m down hole also in the projected position of the Twilight Lode.

Musgrave Minerals described this intersection to be shallow, adding that it considers it opens the potential for further shallow high-grade gold mineralisation to extend to the south where mineralisation is currently open.

“These assay results continue to enhance the geological understanding at Break of Day and increase the potential for further shallow high-grade gold mineralisation to be discovered to the south of 16MORC056,” Musgrave Minerals said in its ASX announcement.

“The mineralisation also remains open at depth and down plunge.

“A diamond and RC pre-collar drilling program is due to commence later this week at Break of Day to confirm geological interpretations and to obtain preliminary rock density data required for future resource estimation.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Blackham Resources confirms potential for Wiluna open pit mining

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announced initial results from RC and diamond drilling undertaken to support the mill expansion study at the company’s Wiluna gold mine in Western Australia.

Blackham Resources said the drilling had defined mineralisation along strike and beneath existing pits, highlighting the potential for cutbacks at several pits.

Drilling of the East and West Pits northern extensions delivered:

WURD0005
23m at 3.74 grams per tonne gold from 119m;

WURC0047
6m at 7.65g/t gold from 175m and 5m at 2.01g/t gold from 195m;

WURC0103
6m at 8.75g/t gold from 88m; and

WURC0083
7m at 3.17g/t gold from 38m

Gap Pit drilling confirmed extensions to Bulletin deposit along Eastern Shear, including:

WURC0104
10m at 2.03g/t gold from 79m and 19m at 2.74g/t gold from 158m;

WURC0108
9m at 4.08g/t gold from 106m and 10m at 2.37g/t gold from 131m; and

WURC0106
19m at 2.66g/t gold from 6m

Golden Age North drilling suggests more high-grade free milling reef mineralisation amendable to open pit mining. Results include:

WURC0126
11m at 5.87g/t gold from 50m; and

WURC0114
7m at 4.9g/t gold from 109m 

The Resources at the Matilda and Wiluna Gold Operation currently stand at 48 million tonnes at 3.3g/t gold for 5.1 million ounces of gold (48% indicated).

The Project resources are currently being re-estimated to include drilling conducted since June 2016.

An update of the Wiluna resource model has commenced and will be finalised once all results from this drill program have been received.

Blackham believes potential exists for a substantial reduction in operating costs if sufficient additional resources can be identified to justify a mill expansion.

“The latest Wiluna extensional drilling has demonstrated the potential to add significant base load open pit mining feed,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“Updated Wiluna open pit resources are likely to compliment the recent drilling success in extending the Bulletin underground mineralisation.

“Both feed sources will be integrated into the Wiluna expansion study currently underway.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au

St George flying deep search FLEM Survey at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has kicked off a deep search FLEM survey at the company’s Mt Alexander project in Western Australia.

The new deep search EM survey will cover the 3.5 kilometre strike length of the Cathedrals Belt where St George discovered massive nickel‐copper sulphides during the two drill programs it carried out earlier this year.

St George has drill nineteen diamond drill holes in the Cathedrals Belt that have intersected high-grade nickel‐copper sulphides at depths ranging from 25m to 170m from surface.

The company outlined the primary objective of the high powered FLEM survey will be to detect any deep conductors in the Cathedrals Belt below the depth of detection of previous EM surveys.

The new survey will also assist to define extensions of known mineralisation as well as any other conductors that may not have been detected by previous EM surveys due to system limitations.

The FLEM survey will use the deep penetrating SAMSON system developed by GAP Geophysics, which employs a very powerful transmitter that can deliver twice the depth penetration typically achieved by the conventional EM surveys undertaken at the Cathedrals Belt to date.

“We are very pleased to have commenced the first ever deep search EM survey at the Cathedrals Belt,” St George Mining executive chairman, John Prineas said in the company’s announcement to the Australian Securities Exchange.

“With every conductor drilled in this Belt confirmed as nickel‐copper sulphides, we know that this is a highly mineralised Belt where EM targeting works.

“The deep search survey is exploring areas of the Belt not yet tested and has the potential to deliver an important exploration breakthrough.”

Website: www.stgm.com.au

European Metals encounters more Cinovec lithium-tin mineralisation

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THE DRILL SERGEANT: European Metals Holdings (ASX: EMH) announced the intersection of further lithium-tin mineralisation at the company’s Cinovec lithium-tin-tungsten project in the Czech Republic.

European Metals Holdings received analytical results for a two drillholes CIW- 07 and CIW-08 at Cinovec, which were collared near the profject’s historic main shaft.

The company said the drilling had encountered lithium mineralisation from less than 10 metres depth in both holes, adding these were the shallowest intervals it has recorded to-date.

Drillhole CIW-07 returned a lithium-mineralized intercept of:

226.7 metres at 0.45 per cent lithium oxide (Li2O) (inclusive of a 6.6m below cut-off un-altered granite), from 35m.

Drillhole CIW-08 returned a mineralized intercept of:

246.3m averaging 0.40 per cent Li2O from 10.7m, containing high-grade intervals of 6m at 0.78 per cent Li2O (126m to 132m), and 4m at 0.88 per cent Li2O (147m to 151m).

The drilling also intersected tin and tungsten mineralisation in the upper part of both drillholes, including:

Drillhole CIW-07
12.5m at 0.19 per cent tin and 0.028 per cent tungsten;
3.05m at 0.17 per cent tin and 0.077 per cent tungsten;
1.45m at 0.83 per cent tin and 0.124 per cent tungsten;
5m at 0.17 per cent tin and 0.001 per cent tungsten; and
2m at 0.112 per cent tungsten and 0.04 per cent tin.

Drillhole CIW-08
4m at 0.76 per cent tin and 0.081 per cent tungsten;
6m at 0.38 per cent tin and 0.030 per cent tungsten;
4m at 0.19 per cent tin and 0.003 per cent tungsten; and
2m at 0.79 per cent tin and 0.095 per cent tungsten.

European Metals Holdings said the drilling was continuing in the western part of the Cinovec deposit targeting high-grade zones near the rhyolite/granite contact, as well as in the central part of the deposit targeting near-surface mineralization on the flanks of the historic underground mine.

Altogether, nine drillholes have been competed this year (3,222m) with three other underway at this time.

“We are very pleased with the results for the latest two neighbouring drillholes, located in the uppermost part of the Cinovec deposit near the historic mine shaft,” European Metals Holdings CEO Keith Coughlan said in the company’s announcement to the Australian Securities Exchange.

“The shallow lithium intercepts that extend significantly beyond historical workings, combined with the substantive tin and tungsten grades auger well for the economics of the deposit in this area.

“We are very pleased to see the tin price back above US$21,000 per tonne.

“This enhances the economics of Cinovec significantly and provides us with great flexibility with regards to the development of the project.

“Cinovec is not only the largest lithium resource in Europe, it also contains one of the largest undeveloped tin resources in the world.”

Website: www.europeanmet.com

Ventnor Resources drilling at Biranup

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THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) is to commence drilling at the Silver Dragon and Fire Dragon base metal prospects within the company’s Biranup project area, 370 kilometres north-east of Kalgoorlie in Western Australia.

Ventnor Resources said the drilling was designed to define mineralisation at the two targets generated from previous EM surveys.

The company carried out two Moving Loop Electromagnetic (MLEM) geophysical surveys at the Silver Dragon and Fire Dragon prospects, including an extension to the Fire Dragon survey following a strong response at the margins of the original survey area.

“The response from the MLEM survey produced two compelling base metal anomalies, which we plan to test with this drilling campaign,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

Ventnor Resources considers the prospectivity of both the Silver Dragon and Fire Dragon prospects to be well supported by coincident geochemical results, which are anomalous in base metals.

“The drilling at Fire Dragon will test the mineralisation of the MLEM conductor, while the hole to be drilled at Silver Dragon will be set up to enable a down hole EM survey to undertaken,” Maluish said.

Email: info@ventnorresources.com.au

Website: www. ventnorresources.com.au

Sayona Mining claims new pegmatite discovery at Authier

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has claimed a new discovery at the company’s Authier lithium project in Quebec, Canada.

Sayona Mining said the discovery highlights potential for identifying new high-grade pegmatite systems at Authier.

Sayona’s assertion is based on assay results it received from pegmatite discovered during the company’s October drilling campaign in a step-back drill hole (drill hole 10) targeting deeper mineralisation in the eastern zone of the Authier main pegmatite.

The company indicated that although the new pegmatite is not visible from the surface, it was intersected at shallow levels between 15 metres to 22m downhole depth.

The intercept in the new pegmatite included:

7 metres at 1.36 per cent lithium oxide (Li2O) from a downhole depth of 15m (vertical depth of 12m), including 2m at 2.24 per cent Li2O from 17m.

Sayona said more drilling will be required to test the extent of the new pegmatite system.

Drill hole 10 also intersected deeper target mineralisation in the main pegmatite including:

5m at 1.36 per cent Li2O from 236m to 241m; and

8m at 0.85 per cent Li2O from 258m to 266m down hole depth.

“The new discovery highlights the potential for identifying new high-grade pegmatites within the Authier tenement package which remains largely under explored outside the main pegmatite resource,” Sayona Mining chief executive officer Corey Nolan said in the company’s announcement to the Australian Securities Exchange.

“Drilling to test the potential of the new pegmatite is planned in early 2017.”

Email: info@sayona.mining.com.au

Website: www.sayonamining.com.au

Millennium Minerals claims new Nullagine gold discovery

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THE DRILL SERGEANT: Millennium Minerals (ASX: MOY) claimed discovery of a 2.25 kilometre-long zone of mineralisation at the company’s Nullagine gold project in the Pilbara region of Western Australia.

Millennium Minerals said the drilling results highlight potential to establish open pit operations along this trend, which stretches from the All Nations North deposit in the north-east to the Hopetoun deposit to the south-west.

Results received to date include:

EDRD034
20 metres at 2.51 grams per tonne gold from 28m, including 1m at 5g/t gold;

HNRD046
6m at 5.73g/t gold from 52m, including 3m at 9.41g/t gold;

EDRD107
4m at 3.33g/t gold from 3m, including 1m at 12.7g/t gold;

EDRD076
4m at 2.75g/t gold from 4m, including 1m at 5.29g/t gold;

EDRD077
6m at 2.42g/t gold from 24m, including 1m at 7.93g/t gold;

EDRD069
8m at 2.03g/t gold from surface, including 1m at 6.11g/t gold; and

EDRD062
2m at 5.93g/t gold from 4m, including 1m at 11.3g/t gold.

The recent drilling also returned strong results from Majuba Hill and Billjim South, both of which are close to the project’s existing mining centres.

Results include:

Majuba Hill:

FMX855
6m at 8.28g/t gold from 69m, including 3m at 15g/t gold;

FMX855
11m at 2g/t gold from 45m, including 1m at 6.81g/t gold;

FMX851
6m at 5.49g/t gold from 20m, including 1m at 20.7g/t gold;

FMX854
2m at 17.88g/t gold from 39m, including 1m at 34.5g/t gold;

FMX854
1m at 19.65g/t gold; and

FMX835
18m at 1.95g/t gold from 7m, including 1m at 12.55g/t gold.

Billjim South:

BJSRD006
7m at 8.5g/t gold from 54m, including 2m at 24.75g/t gold;

BJSRD013
8m at 4.19g/t gold from 41m, including 1m at 12.95g/t gold;

BJSRD015
15m at 2.13g/t gold from 16m, including 1m at 9.88g/t gold;

BJSRD015
3m at 8.91g/t gold from 54m, including 2m at 13.1g/t gold; and

BJSRD007
2m at 10.63g/t gold from 10m, including 1m at 16.55g/t gold.

“This discovery is incredibly exciting,” Millennium Minerals chief executive Glenn Dovaston said in the company’s announcement to the Australian Securities Exchange.

“The results are strong and demonstrate the presence of mineralisation along this 2.25 kilometre stretch.

“Once we get the final assays from this program, we will devise a strategy to establish the full extent of the mineralisation and its potential to be part of the inventory and mine plan at Nullagine.”

On the back of the success of the company’s exploration program and the positive impact it has had on the Nullagine project’s mine life, Millennium declared it has increased its 2016 exploration budget by around $4 million to $13.9 million with a similar expenditure expected next year.

Email: info@mmltd.com.au

Website: www.millenniumminerals.com.au

Sayona Mining extends lithium mineralisation at Authier

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) announced assay results from a further five diamond drill holes completed at the company’s Authier lithium project in Quebec, Canada.

Sayona Mining said that diamond drill holes three to seven intercepted high-grade spodumene mineralisation, including:

Hole 3
27 metres at 1.46 per cent lithium dioxide (Li2O) from a downhole depth of 170m (vertical depth of 135m), including 11m at 1.66 per cent Li2O from a downhole depth of 181m as well as a deeper and separated mineralised zone of 10m at 1.24 per cent Li2O from a downhole depth of 213m;

Hole 4
50m at 1.13 per cent Li2O from a downhole depth of 156m (vertical depth of 120m), including 11m at 1.4 per cent Li2O from a downhole depth of 157m; and

Hole 7
40.2m at 1.27 per cent Li2O from a downhole depth of 3.8m, including 20m at 1.47 per cent Li2O from a downhole depth of 13m.

Sayona explained the aim of the drilling program was to increase the size of the resource and improve the confidence level of the JORC resource categories.

“Three out of five new drill holes reported (holes 3, 4 and 5) successfully tested the deep extensions of mineralisation at the main Authier pegmatite,” Sayona Mining said in its ASX announcement.

“Holes 6 and 7 were planned to test the geometry of the Authier pegmatite at shallow levels in the eastern and central part in order to upgrade the resource category from indicated to measured.

“Holes 6 and 7 returned better grades and thicknesses compared to surrounding historical drill holes.”

Sayona declared the phase 1 program, which comprised 3,960m of drilling in 18 diamond holes, to now be completed.

The company believes the new drilling has the potential to expand the size of the existing JORC Resource with mineralisation open in all directions.

Email: info@sayona.mining.com.au

Website: www.sayonamining.com.au

Tyranna Resources encounters gold extension at Greenewood

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announced assay results from a further 11 reverse circulation (RC) holes drilled at the Greenewood gold prospect.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources, located approximately 37 kilometres from the Challenger gold mine and part of Tyranna’s large Jumbuck gold project in the Northern Gawler Block of South Australia.

Best Intersections from the latest drilling include:

16GWRC038
14 metres at 5.79 grams per tonne gold from 35m, including 6m at 11.48g/t gold from 35m;

16GWRC040
8m at 4.08g/t gold from 20m, including 1m at 23.4g/t gold from 27m.

Tyranna said Holes 16GWRC030 to 16GWRC041 were drilled to test down dip of previously established gold mineralisation as well as a possible southern extension to the prospect.

Hole 16GWRC038 was drilled beneath 16GWRC012, which intercepted 3m at 2.43g/t gold, and proved the down dip continuity with the 14m intercept above.

The drilling has now established mineralisation along a continuous structure 50m down dip and remains open.

16GWRC038 also intersected a lower zone of mineralisation with a grade of 2m at 2.41g/t gold from 64m.

This low grade corridor has matched up with the low grade corridor on section A-B and has been interpreted as a potential second horizon at Greenewood.

The total strike length of the Greenewood prospect has now been extended to 340m as a result of the intercept achieved by hole 16GWRC040.

“It is worth reiterating that the Greenewood prospect is highly significant in that it is the first discovery in 18 years in the area and the first discovery to occur beneath a surface where no calcrete has been developed and, therefore, no geochemical signature exists as a guide to drilling,” Tyranna Resources said in its ASX announcement.

“This is opening up a new prospect generation model which Tyranna is pioneering in the region.

“Encouragingly, this latest intercept (hole 038) is of the same level of grade and thickness as the discovery intercepts that came from the Challenger discovery resulting in the Challenger gold mine (owned by WPG Resources).”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Musgrave Minerals continues drilling success at Break of Day

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported more impressive assay results from reverse circulation (RC) drilling at the Break of Day prospect on the company’s Cue project in the Murchison region of Western Australia.

Highlights were provided by:

Drill hole 16MORC048, which intersected

5 metres at 33 grams per tonne gold (uncut) from 154m down hole, including 1m at 134.4g/t gold from 155m down hole.

Musgrave Minerals explained this intersection has been interpreted to be in the Middle Lode between the projected positions of the Twilight and Velvet Lodes and 25m north of previous drill hole 16MORC001 (2m at 22g/t gold).

Drill hole 16MORC045 intersected

2m at 10.6g/t gold from 157m down hole in the projected position of the Twilight Lode.

According to Musgrave this intersection extends the mineralisation approximately 50m up dip of previous drill hole 16MORC026 (1m at 21.6g/t gold).

“These assay results continue to enhance the geological understanding at Break of Day and increase the potential of further gold mineralisation being discovered with additional drilling as the geological model continues to develop,” Musgrave Minerals said in its ASX announcement.

“A diamond drilling program is due to commence next week at Break of Day to confirm geological interpretations and to obtain preliminary rock density data required for future resource estimation.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au