S2 Resources intersect narrow high-grade gold at Monsoon

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THE DRILL SERGEANT: S2 Resources (ASX: S2R) has received results from two diamond holes drilled at the Monsson prospect, part of the company’s Polar Bear project, located between Higginsville and Norseman, in Western Australia.

S2 Resources said the latest drilling was carried out to twin original high-grade gold intercepts encountered in RC holes SPBC0313 and SPBC0320 and reported in July.

In each case, the diamond twin holes were drilled approximately 3 to 5 metres from the collar position of the original RC hole.

Diamond hole SPBD0344, which twinned previous RC hole SPBC0313, intersected:

0. 5 metres at 2.88 grams per tonne gold from 78m;
0.5m at 29.4g/t gold from 132.5m; and
1m at 4.58g/t gold from 137.5m.

Diamond hole SPBD0345, which twinned previous RC hole SPBC0320, intersected:

0.4m at 0.83g/t gold from 72.5m;
1.5m at 27.6g/t gold from 85m;
0.7m at 0.8g/t gold from 87.7m; and
0.92m at 117g/t gold from 107.03m.

S2 Resources declared the latest drilling had given support to the company’s previously expressed view that the gold mineralisation at Monsoon appears to reside in discrete, narrow structures with highly variable grade.

The company added that the presence of both free gold and arsenopyrite also supports another previously expressed view of there being a component of nuggety free milling gold together with a component of refractory gold.

“Individual veins are narrow, have random orientations, and appear to be discontinuous, forming a nebulouszone best described as a stockwork, largely hosted by basalt close to the sub-vertical sheared basalt-shale contact,” S2 Resources said in its ASX announcement.

“Gold mineralisation appears to be associated with a smaller set of sheared quartz-arsenopyrite veins that dip steeply to the west, within and parallel to the overall shear foliation, and dipping in the same direction as the previous westerly directed follow up drilling.

“The location of the high-grade gold mineralisation and/or vein structures within the twin diamond holes is within the same overall mineralized interval as in the original RC holes, but the extent of each of these zones intersected in the diamond twin holes is much more restricted than the overall mineralized intercepts in the RC drilling.”

Website: www.s2resources.com.au

Breaker Resources drilling links Lake Roe discoveries

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has encountered more wide, shallow, high-grade gold mineralisation from reconnaissance reverse circulation (RC) drilling at the company’s Lake Roe project, 100 kilometres east of Kalgoorlie.

Breaker Resources claims the drilling effectively links the Bombora and Bombora North discoveries, establishing a continuous 2.2km-long zone of gold mineralisation that is open along strike.

The drill results come from two 200m-spaced drill lines, which close a previously untested 600m gap between the Bombora and Bombora North gold discoveries.

Gold was intersected on each of the two drill lines tested with highlights including:

BBRC0076
28 m at 1.36 grams per tonne gold from 60m, including 20m at 1.81g/t gold or 10m at 2.44g/t gold;

BBRC0077
17m at 1.52g/t gold from 76m, including 5m at 2.05g/t gold;

BBRC0078
10m at 2.12g/t gold from 92m, including 5m at 3.86g/t gold or 1m at 13.49g/t gold;

BBRC0079
12m at 1.03g/t gold from 4m and 12m at 0.83g/t gold from 44m; and

BBRC0081
20m at 0.9g/t gold from 44m, including 8m at 1.77g/t gold or 2m at 6.16g/t gold.

“These results confirm that Lake Roe is a significant greenfields gold discovery,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange.

“The quality of the results given the reconnaissance nature of the drilling is unusual.

“The widths combined with a strike length of 2.2 kilometres highlights the scope for a large-tonnage open pit resource and there is good potential to increase this strike length further.

“In addition, the presence of high-grade gold in each RC drill program to date, in conjunction with the sulphide lode-style of mineralisation, also indicates significant underground mining potential.

“Our focus is now on preparations for resource delineation, which will start in December 2016.

“A second RC drill rig has now commenced with the objective of extending the Bombora North discovery along the 2.2 kilometre corridor to the north and evaluating other high priority drill targets outlined by our aircore drilling.

“The two drill rigs will provide strong news flow over the coming weeks and months and will help us to build a clear picture of the size of this discovery.”

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

Cassini Resources and OZ Minerals commence West Musgrave work program

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has commenced work programs with OZ Minerals (ASX: OZL) on the West Musgrave project JV (WMP), located in Western Australia.

The initial earn-in will see OZ Minerals commit up to $3 million on further scoping studies as well as test a number of regional exploration targets over a 12 month period.

The current work program includes exploration drilling targeting the Succoth and One Tree Hill prospects, a metallurgical program to optimise nickel and copper recoveries and to progress the project’s geometallurgical model, and Resource definition drilling of high-grade zones at Nebo-Babel.

Cassini picked up WA Government EIS funding to drill a diamond hole at the Babylon prospect, which is part of the broader Succoth deposit (156 million tonnes at 0.6% copper).

The award is under the co-funded drilling scheme and will refund 50 per cent of the direct drilling costs, worth up to $148,500.

At the One Tree Hill prospect previous down-hole electromagnetic (DHEM) data from historical drilling was remodelled and a poorly defined EM conductor was drill tested.

This intersected two chalcopyrite-rich veins, however the DHEM confirmed the drilling failed to intersect the original target but there was an off-hole conductor.

A single hole will be drilled to test the off-hole conductor.

Cassini carried out a Scoping Study in 2015, which included initial metallurgical testwork conducted on five composite samples, each representing different higher grade Nebo-Babel ores.

The company said its next stage, denoted Further Scoping Studies (FSS), will target the geological units (domains) which contain the bulk of the metal tonnes and those domains that are critical in the early stages of the mine schedule.

Some of the key objectives are to:

Improve scoping study nickel and copper concentrate grades and recoveries;
Test samples at the appropriate nickel and copper grades at the size they are likely to be mined; and
Test samples that cover variations in silicate and sulphide mineralogy; and test chemical variations within and between the existing geological ore domains.

Resource definition drilling will focus on a number of targets at Nebo-Babel, whch Cassini considers to represent an opportunity to increase the size of the existing high-grade domains within the deposits, and thus increase the overall grade of the resources.

The company cited examples of these targets as being massive sulphide zones at Nebo, and extensions to the Startmeup Shoot at Babel and definition of the roll-over zone at Babel.

“All of these targets have significant potential to impact project economics if further high-grade mineralisation can be found,” Cassini Resources said in its ASX announcement.

“A better understanding of these high grade domains, in terms of dip and strike extents, and variations in geometries and grade would also enable better planning of the infill drilling that will be required during the PFS for the purposes of ore reserves.

“Furthermore, additional drilling and a better understanding of the grade variations within these high-grade zones may also reduce a number of metallurgical test samples that will be required to adequately sample variations within these zones during the PFS.”

Cassini indicated the RC drilling program will comprise approximately 2,000m of drilling and will commence at the start of the 2017 field season.

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Musgrave Minerals continues run of strong drilling results at Break of Day

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) presented further strong assay results from reverse circulation (RC) drilling carried out on the Break of Day prospect on the company’s Cue project in the Murchison region of Western Australia.

The Cue project is a Farm-In and Joint Venture Agreement with Silver Lake Resources (ASX: SLR) where Musgrave can earn up to an 80 per cent interest.

The project consists of the Moyagee gold and Hollandaire copper Resources and surrounding tenure in the Murchison province of WA.

Musgrave Minerals has met its minimum expenditure commitment for the Cue project and has subsequently commenced the Stage 1 Earn-In to acquire a 60 per cent JV interest in the project. 

Recent drilling has produced more encouraging results, including:


16MORC043
Intersected 5 metres at 53.5 grams per tonne gold (uncut) from 138m down hole, including 1m at 183.1g/t gold from 138m down hole in the projected position of the Twilight Lode.

Musgrave Minerals indicated this to be the highest individual gold assay yet received at Break of Day and extends the Twilight mineralisation a further 30m down dip.

The mineralisation remains open down plunge.

Musgrave said a re-interpretation of the geology has suggested a vertical to steep westerly dip to the mineralisation and a possible third parallel gold lode.


16MORC041
Located 120m to the north of 16MORC043 intersected 3m at 54.9g/t gold (uncut) from 187m down hole, including 1m at 142.8 g/t gold from 188m down hole in the projected position of the Velvet Lode.

The high-grade encountered in drill hole 16MORC041 is at a vertical depth of 162m and the mineralisation is open down plunge.

Musgrave indicated it is now in the planning stages for a diamond drilling program that will commence later this quarter.

“This is another very good set of results from Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“We have results expected for another 13 drill holes over the coming weeks and look forward to continuing to update the market as more results come to hand.”

Musgrave has now completed a total of 32 RC drill holes for over 7,200m as part of the current drill program at the Break of Day prospect and assay results have now been received for 19 drill holes.

The company said it was looking forward to seeing what the assay results for the remaining 13 drill holes have to show, which it anticipates will be received in batches over the next three weeks and be reported as they become available.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Tyranna Resources confirms Greenewood gold depth extensions

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) released assay results from the first 17 reverse circulation (RC) holes drilled at the Greenewood gold prospect, part of the company’s Jumbuck gold project in the Northern Gawler Block of South Australia.

Tyranna is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources Pty. Ltd.

Tyranna explained holes 16GWRC013 to 16GWRC029 were drilled to test down dip of previously established gold mineralisation as well as a possible northern extension to the prospect.

Hole 16GWRC016 was drilled beneath drillhole 16GWRC012, which intercepted 6 metres at 6.81 grams per tonne gold from 53m earlier this year.

Tyranna claimed 16GWRC016 proved the down dip continuity of the mineralisation with an intercept of 4m at 4.3g/t gold from 86m, including 1m at 10.2g/t gold.

The company said the drilling had established mineralisation along a continuous structure 60m down dip and remains open.

16GWRC016also intersected a lower zone of mineralisation, grading 5m at 2.22g/t gold from 106m, which Tyranna suggested demonstrated the possibility that this zone has been missed up-dip in previous drilling and future drilling will test the potential for this second horizon.

A second drill rig has completed 18 RC holes for 1200m at Campfire Bore, and these have been delivered to the laboratory in Adelaide with results expected towards the end of October or early November 2016.

“Drilling activities are now focused on 500 metres of diamond drilling at both Greenewood and Campfire Bore,” Tyranna Resources said in its ASX announcement.

“Once this diamond drilling has finished, the area between the Mainwood and Greenewood prospects will be drilled with the RC rig to test this 700 metre zone where mineralisation between Mainwood and Greenewood may well connect.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Stonewall Resources eyes road to production after PMR sampling review

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THE DRILL SERGEANT: Stonewall Resources (ASX: SWJ) has completed a review of results from a bulk sampling program at the Beta South and Ponieskrantz mines, located within the company’s Pre-Mined Residue (PMR) project in South Africa.

The sampling programs were conducted between late 2014 and early 2015.

Stonewall Resources said the review had reaffirmed its plans to accelerate the re-launch of gold production at the Pre-Mined Residue project as it had confirmed the initial indications of gold bearing material in the historical mines, which was as announced back in July 2013.

“Stonewall is focused on bringing our PMR project in South Africa into production within the next 12 months,” Stonewall Resources director Richie Yang said in the company’s announcement to the Australian Securities Exchange.

“The sampling results confirm the gold mineralisation to be in line with our expectations, and a target delineation sampling program across the PMR exploration targets will commence immediately.”

Stonewall cited an Initial Sampling Campaign in the Beta South Mine from 2013, which indicated the PMR material carried potentially economical grades, providing 62 channel samples that yielded an average grade of 2.334 grams per tonne gold in the minus 10mm fraction, which made up 53 per cent of the mass sampled.

A Second Sampling Campaign for the PMR was executed in late 2014, prior to a trial mining section in Beta South Mine in March 2015, covering areas of the Beta South (352 channel samples) and Ponieskrantz (421 channel samples) mines.

Stonewall said results from this work re-enforced the commercial potential of the PMR project.

In the Beta South mine, the full size fractions were analysed for a total of 177 out of the 352 samples to provide an average grade of 2g/t gold for the minus 17 mm material.

Subsequent results from Ponieskrantz Mine (South) returned average grades of 2.86g/t gold for minus 17mm materials.

Stonewall declared the results to provide confidence for the company’s current project plan to screen all the mined PMR material to produce a minus 17 mm size fraction for processing through a central processing plant.

In late 2015 Stonewall initiated a review of the PMR project study with a revised strategy of risk reduction and a view to improve the economics of the project, during which the company gathered and reviewed sampling data, collecting sufficient detail to plan a target delineation program prior to mining.

The program will be focused on the PMR in mines where the company plans to initially commence mining, including Beta South and Dukes mines in close proximity to the CIL plant.

Website: www.stonewallresources.com

Gold Road confirms high-grade extensions at Alaric

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) announced the completion of an infill and extensional drilling program at the Alaric deposit, located approximately 24 kilometres south-west of the company’s 6.2 million ounce Gruyere gold project in Western Australia.

Gold Road Resources said the latest drilling program was one component of a larger effort where the company is targeting additional high-margin gold deposits to supplement ore feed from the planned Gruyere open pit.

By doing so it claims to be enhancing the already robust Gruyere economics identified in the soon-to-be-completed Gruyere Pre-Feasibility Study, which does not include Alaric.

The current open pit Mineral Resource at Alaric is located on a granted mining lease with a Native Title Mining Agreement.

The recent program consisted 22 Reverse Circulation (RC) and diamond holes to infill and extend continuous structurally controlled gold mineralisation over a strike length of approximately 700 metres.

The drilling identified high-grade mineralisation (greater than 5g/t gold) on the Main Shear and Hangingwall Structures below the current open pit resource, to the limit of current drilling at only 160 metres below surface.

Results confirming high-grade mineralisation on Main Shear, included:


12ALRC0031
3 metres at 21.9 grams per tonne gold from 156m;


16ALRC0183
3m at 6g/t gold from 122m;


16ALRC0188
2m at 6.2g/t gold from 132m; and


16ALRC0180
2m at 4.1g/t gold from 183m;

High-grade mineralisation was confirmed on Hangingwall Structures, with results including:

16ALRC0184
2m at 10.7g/t gold from 89m; and


16ALRC0189
3m at 7.6g/t gold from 148m.

Gold Road said the results provide an opportunity to extend mineralisation at depth as a potential underground resource.

The company is now conducting geological work to refine high-grade shoot controls with the aim of updating the Alaric Mineral Resource in the first half of 2017 with both open pit and underground options likely to be assessed.

Gold Road will then commence Pre-Feasibility Studies on the appropriate exploitation of this deposit.

“We continue to be encouraged by the results of our ongoing satellite high-margin drilling program,” Gold Road Resources executive director – exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“The high-grade extensions we have identified now offer us the opportunity to assess Alaric as a potential open pit and/or underground source that might deliver significant additional value to our world class Gruyere project.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au

Pioneer Resources confirms lithium-caesium-tantalum mineralisation at Pioneer Dome

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has now received all assay results from a recent drilling program undertaken at the company’s 100 per cent-held Pioneer Dome lithium project near Norseman in Western Australia.

Pioneer said the drilling had encountered encouraging lithium intersections as well as an intersection of high-grade pollucite, an ore mineral of caesium.

The company outlined this to hold potential importance and will be subjected to additional drilling.

Latest drilling results included:

PDRC020
3 metres at 1.11 per cent lithium dioxide (Li2O) from 44m

PDRC021
12m at 1.37 per cent Li2O from 54m and 10m at 408ppm tantalum pentoxide (Ta2O5) from 54m;

PDRC056
6m at 1.79 per cent Li2O from 48m;

PDRC057
12m at 1.41 per cent Li2O from 60m;

PDRC059
5m at 2.08 per cent Li2O from 37m.

Pioneer declared the drilling had also “confirmed unequivocally” the project hosts a rare-metal lithium caesium tantalum (LCT) Pegmatite system where highly fractionated pegmatite zonation is evident, including ore grade mineralogical phases.

The largest use of caesium is in the manufacture of very high value caesium formate brines, used for high-pressure/high-temperature oil and gas drilling and exploration.

“The fact that our first round of drilling has discovered a mineralised LCT pegmatite system is very exciting, with encouraging intersections of lithium and an extremely unusual, geologically rare, but potentially very significant occurrence of high grade caesium,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The company will fully compile assay, geology and petrography results, and then looks forward to the next phase of drilling.”

Website: www.pioresources.com.au

Tyranna Resources declares Jumbuck exploration target

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) has declared an exploration target over the company’s Jumbuck project in South Australia.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which encapsulates the Jumbuck project, with WPG Resources (ASX: WPG) and Coombedown Resources Pty. Ltd.

Tyranna released an exploration target of 500,000 ounces of gold with a range of 157,000 ounces of gold to 771,000 ounces of gold (at 1.5 grams per tonne to 3g/t).

The company explained the exploration target has been defined over seven prospect areas within the Jumbuck project, including Golf Bore, Golf Bore North, Mainwood, the recently-discovered Greenwood, Campfire Bore, Monsoon, and Typhoon.

“The exploration target represents potential gold endowment identified by previous exploration activities,” Tyranna Resources said in its ASX announcement.

“The potential quantity and grade of the Exploration Targets are conceptual in nature.

“There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.”

Tyranna explained the Exploration Target has been determined using a range of parameters including, the strike and extent of existing drilling, a review of know mineralised structures, exploration results to date, and the nature of mineralisation at the Challenger gold mine and Golf Bore, which the JV considers to be analogous to the mineralisation within the larger Jumbuck project.

“Geological interpretations of all prospects are continuing with a view of defining further drill targets to test extensions of known mineralisation,” Tyranna said.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

Pilbara Minerals encounters new zones of thick lithium mineralisation

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THE DRILL SERGEANT: Pilbara Minerals (ASX: PLS) has received results from a recently commenced program of sterilisation and strategic development and resource extension drilling at the company’s 100 per cent-owned Pilgangoora lithium-tantalum project, located near Port Hedland in Western Australia.

Pilbara Minerals has received results for the first 22 Reverse Circulation (RC) drill holes completed since the drilling program kicked off in September targeting extensions to known near-surface pegmatites the company considers to have potential to add material tonnes to the existing resource base and assist with final pit designs.

The program also involves sterilisation drilling to define final locations for key site infrastructure including waste dumps.

Results from the Far East zone have extended the mineralisation to both the north and south.

Numerous wide, shallow intercepts of lithium (down-hole widths of 10 to 22m) have been returned from a single, large pegmatite in the Far East zone which extends over 1,000 metres.

New intercepts include:

PLS798
27 metres at 1.73 per cent lithium oxide (Li2O) from 47m;


PLS799
19m at 1.56 per cent Li2O from 75m;


PLS801
22m at 1.89 per cent Li2O from 44m;


PLS802
19m at 1.85 per cent Li2O and 104ppm tantalum pentoxide (Ta2O5) from 87m;


PLS827
14m at 2.14 per cent Li2O from 42m;


PLS913
19m at 1.53 per cent Li2O from 82m;


PLS944
18m at 1.28 per cent Li2O from 79m; and


PLS945
13m at 1.41 per cent Li2O and 108ppm Ta2O5 from 133m.

Resource extension drilling at South End indicates the pegmatite remains open to the south, with widths of high-grade mineralisation returned, including:


PLS911
13m at 1.79 per cent Li2O from 121m;


PLS513A 
26m at 1.53 per cent Li2O from 34m;


PLS513A 
7m at 1.51 per cent Li2O from 64m; and


PLS909
7m at 1.52 per cent Li2O from 1m.

“Most of the drilling we are now doing is designed to assist our mine design team by sterilising locations for key surface infrastructure and helping to finalise open pit designs,” Pilbara Minerals managing director and CEO Ken Brinsden said in the company’s announcement to the Australian Securities Exchange.

“It seems that wherever we drill, we find more pegmatites – a nice problem to have but one that needs to be fully dealt with before we start construction.

“For example, we knew about the presence of the Far East Zone but we needed to fully evaluate this area as it trends into the proposed location of some of our key waste dumps.

“As it has transpired, the recent drilling has extended this zone for over a one kilometre strike length and it remains open.

“This has the potential to make a material contribution to our overall resource, but will also shape our mine infrastructure planning.

“Overall, the recent drilling has continued to highlight the presence of numerous large lithium-bearing pegmatites outside of the existing resource boundary.

“Pilgangoora is already established as one of the largest hardrock lithium deposits in the world, but we still have plenty of additional pegmatite targets that have received little or no drill testing – plus we will have all of the additional Dakota Minerals tenure to test in the future, plus the Dakota resource itself.

“While our main focus remains on the financing, development and delivery of the project, we will continue to run a strategic exploration effort aimed at growing our high-grade resource and reserve inventory and reinforcing Pilgangoora’s position as a leading low-cost lithium production project.”

Website: www.pilbaraminerals.com.au