St George Mining confirms high-grade nickel at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has received assay results for a recently-completed maiden drill program at the Investigators prospect, located in the western section of the Cathedrals Belt at the company’s Mt Alexander project in Western Australia.

St George Mining claims the results to have confirmed multiple intersections of high-grade nickel‐copper sulphide mineralisation, adding the discovery of high-grade mineralisation at Investigators has extended the strike length of recurrent mineralisation in the Cathedrals Belt to 3.5 kilometres.

Assay results have been received for six drill holes completed at Investigators with assays pending for another two drill holes.

MAD31
Over 5 metres of nickel‐copper sulphide mineralisation, including a high grade interval of:
1.57m at 6.26 per cent nickel, 2.71 per cent copper, 0.18 per cent cobalt and 4.91 grams per tonne total PGEs from 111.67m, including 1.01m at 7.98 per cent nickel, 3.13 per cent copper, 0.22 per cent cobalt and 5.9g/t total PGEs from 112.08m.

MAD32
Over 9m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.92m at 4.58 per cent nickel, 1.52 per cent copper, 0.14 per cent cobalt and 3.83g/t total PGEs from 51.6m, including 0.77m at 7.82 per cent nickel, 2.5 per cent copper, 0.24 per cent cobalt and 6.31g/t total PGEs from 52.75m.

MAD33
Over 10m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.01m at 5.81 per cent nickel, 2.33 per cent copper, 0.22 per cent cobalt and 4.32g/t total PGEs from 96.48m

MAD34
Over 4.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
2.79m at 1.63 per cent nickel, 0.53 per cent copper, 0.05 per cent cobalt and 1.24g/t total PGEs from 96.1m, including 0.19m at 7.34 per cent nickel, 1.53 per cent copper, 0.22 per cent cobalt and 3.27g/t total PGEs from 98.7m

MAD37
Over 13.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.27m at 5.63 per cent nickel, 2.16 per cent copper, 0.17 per cent cobalt and 3.86g/t total PGEs from 122m, including 0.72m at 7.93 per cent nickel, 2.75 per cent copper, 0.23 per cent cobalt and 4.81g/t total PGEs from 122.6m

MAD38
Over 2.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
0.1m at 12.8 per cent nickel, 5.54 per cent copper, 0.25 per cent cobalt and 11.52g/t total PGEs from 26.3m;and
0.54m at 8.59 per cent nickel, 3.43 per cent copper, 0.24 per cent cobalt and 6.73g/t total PGEs from 27.6m.

St George considers the assay results confirm drilling intersected thick units of mineralised ultramafics with numerous intervals of high-grade nickel‐copper‐PGE sulphides.

The company is completing geological interpretation and modelling of the Investigators prospect.

“Investigators was completely unexplored at the start of the year,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“In a short space of time, we have confirmed the presence of an extensive shallow nickel‐copper system with high grades that compare very favourably with established nickel mines in Western Australia.

“With only a handful of drill holes completed at Investigators so far, there is strong exploration upside to extend and discover further mineralisation.”

Website: www.stgm.com.au

Core Exploration banks $6M to drill for NT Lithium

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) announced it has received firm commitments to place approximately 67 million new shares at an issue price of nine cents per share to raise approximately $6 million.

Core Exploration said the placement was heavily oversubscribed, with strong support received from professional and Australian and international institutional investors, which the company considers to reflect the new interest it is generating since its recent high-grade lithium discoveries at the Finniss project near the port of Darwin in the Northern Territory.

Proceeds from the placement will be used to accelerate activities at the Finniss lithium project, with a program to include immediate follow-up diamond and RC drilling, as well as immediate phase 2 RC exploration drilling at other high priority pegmatites at Finniss.

Not wasting any time, Core has commenced follow-up of recently announced high-grade spodumene discoveries at Grants and BP33 prospects on the Finniss project.

A second phase of RC drilling is also planned to commence shortly at Finniss to both follow up and also to further explore the scale of lithium mineralisation discovered so far by Core’s first drilling program.

“We are pleased to have received such overwhelming support for Core Exploration and I would like to welcome our new shareholders and thank our existing shareholders that participated in the placement,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.

“The recent drilling results from the Finniss lithium project demonstrate that we have made a very significant high-grade lithium discovery.

“The funds raised from the placement will allow us to pursue an aggressive work program at Finniss to unlock the huge potential upside we believe exists, and capitalise on the project’s high-grade, significant potential scale and close proximity to major infrastructure at Darwin.”

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au

European Metals encounters shallow lithium at Cinovec

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THE DRILL SERGEANT: European Metals Holdings (ASX: EMH) announced analytical results for two confirmation drillholes CIW-19 and CIW-20 at the company’s Cinovec lithium-tin-tungsten project in the Czech Republic.

European Metals said the two drillholes are the most northern it has drilled to date.

Both intersected lithium mineralisation from less than 30m depth, representing the shallowest intervals to date.

Drillhole CIW-19 returned two main lithium-mineralized intercepts of:

53.1 metres averaging 0.35 per cent lithium oxide (Li2O) (25-78.1m) and 144m averaging 0.37 per cent Li2O (85-229m) with a high-grade interval of 10.8m at 0.71 per cent Li2O (103-113.8m).

Drillhole CIW-20 returned three main mineralized intercepts of:

98m averaging 0.35 per cent Li2O (28-126m), 16.85m averaging 0.33 per cent Li2O (132.15-149m) and 60m averaging 0.49 per cent Li2O (154-214m);

The latter contained high-grade intervals of 9m at 0.67 per cent Li2O (160-169m) and 12.1m at 0.85 per cent Li2O (174-186.1m).

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

CIW-19
3.1m at 0.2 per cent tine and 0.021 per cent tungsten;
4.75m at 0.13 per cent tin and 0.015 per cent tungsten;
2.45m at 0.17 per cent tin and 0.003 per cent tungsten; and
1.35m at 0.122 per cent tungsten and 0.07 per cent tin.

CIW-20
3m at 0.37 per cent tin and 0.003 per cent tungsten; and
1m at 0.36 per cent tin and 0.004 per cent tungsten.

“This year’s drilling program has yielded excellent results,” European Metals CEO Keith Coughlan said in the company’s announcement to the Australian Securities Exchange.

“During the year we have continued to verify the historic drilling and also, have identified high-grade drill intersections in areas that there has been relatively little historical work.

“The shallow lithium intercepts that extend significantly beyond historical workings, combined with the substantive tin and tungsten intercepts, we believe, will have a positive effect on the economics of the project.

“With three drill rigs operating targeting high-grade zones and metallurgical test work almost complete, we look forward to updating the market as the project advances up the development curve and towards potential commercialisation.”

Website: www.europeanmet.com

Breaker Resources cashed up for Lake Roe drilling campaign

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) is about to commence two key drilling programs at the company’s Lake Roe gold project in Western Australia, after having completed a $12.4 million capital raising.

Breaker Resources said the funding will be used to undertake resource definition drilling at the outstanding Bombora and Bombora North discoveries at Lake Roe, 100 kilometres east of Kalgoorlie.

The proceeds will also fund maiden reverse circulation (RC) drilling of a highly promising 2.2km-long corridor extending directly north of the Bombora North prospect.

Breaker already has RC drilling underway to prepare the 2.2km Bombora-Bombora North discovery zone for the resource definition drilling.

The company has, to date, claimed two separate gold discoveries in the area, identifying wide, high-grade near-surface gold mineralisation over a 1.6km-long distance.

RC assay results relating to the 600m gap between the two discoveries (200m drill line spacing) are expected within one to two weeks, as are assays from recently completed diamond drilling.

Based on the strength of the results it has achieved to date, Breaker has further RC drilling underway to progressively close the drill line spacing to 100m in preparation for resource definition drilling, which is expected to start in approximately eight weeks, subject to regulatory approval.

A second RC drill rig is expected to arrive on site in the coming week to start scoping the 2.2km-long zone to the north of Bombora North, where wide-spaced aircore drilling previously returned intersections of up to 7.61 grams per tonne gold.

“The proceeds of the raising will enable us to accelerate both our resource building activities and maiden extensional RC drilling on the highly promising corridor extending 2.2 kilometres to the north of the Bombora-Bombora North discoveries,” Breaker Resources executive chairman Tom Sanders said in the company’s announcement to the Australian Securities Exchange. 

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

Kin Mining encouraged by Lewis trial mining results

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced positive results from the recently conducted Lewis trial mining operation at the company’s 100 per cent-owned Leonora gold project in the north eastern Goldfields of Western Australia.

Kin Mining said the Lewis trial mine and carbon-in-leach (CIL) testwork achieved the key elements to allow the company to optimise the updated pre-feasibility study at the Leonora gold project.

Outcomes included ounces mined exceeding expectations by 26 per cent resulting in 908 ounces of gold bullion produced.

The mine to mill grade reconciliation came in within 6 per cent with a 50 per cent improvement in pit wall angles.

The company said there was plenty of upside to increase resources through further specific gravity (SG) test work.

“We have been encouraged by the potential upside indicated by today’s results,” Kin Mining CEO Don Harper said in the company’s announcement to the Australian Securities Exchange.

“While there’s further work to do, the results came in above our expectations.

“The trial mining has enabled us to further confirm the mining and processing parameters and assumptions required for the updated PFS and is an important de-risking exercise.

“It also adds more confidence to the resource by actually visually interpreting the deposit.”

The Lewis deposit is located within the project’s 134,500 ounce Bruno-Lewis-Kyte oxide resource.

Kin Mining indicated the results of the trial mining program will be included in the current PFS, which is on schedule for completion by the end of the calendar year.

Email: info@kinmining.com.au

Website: www.kinmining.com.au

Kairos lands just short of doubling Mt York Resource

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THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) has increased the Indicated and Inferred gold resource at the company’s 100 per cent-owned Mt York lithium-gold project, located southeast of Port Hedland in Western Australia.

The company has almost doubled the Resource taking it to:

5.692 million tonnes at 1.42 grams per tonne gold for 258,000 ounces of gold.

The Resource comprises previously announced Indicated and Inferred Resources at Iron Stirrup of 714,000 tonnes at 1.99g/t gold for 45,000 ounces of gold and Old Faithful of 2.069 million tonnes at 1.37g/t gold for 90,000 ounces of gold.
 
The addition comes from recently completed Indicated and Inferred Resources at Main Hill of 1.641 million tonnes at 1.26g/t gold for 66,000 ounces of gold and Breccia Hill of 1.269 million tonnes at 1.4g/t gold for 57,000 ounces of gold.

A Resource estimate for the Zakanaka deposit is incomplete due to insufficient historical data, although Kairos indicated it remains a high priority exploration target.

“The Resource estimate is the result of Kairos’ ongoing review of the gold potential at Mt York,” the company said in its ASX announcement.

“The updated Mineral Resource was independently estimated by Auralia Mining Consulting Pty Ltd as part of a geological review and reinterpretation of the extensive historical database for the project.

“This work has been aimed at updating and re-estimating the resource estimates that were in place when Kairos acquired the Mt York Project earlier this year.”

Website: www.kairosminerals.com.au

Pioneer Resources claims lithium-caesium discovery at Pioneer Dome

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has completed the first pass of drilling at three targets at the company’s 100 per cent-held Pioneer Dome lithium project in Western Australia.

The company has received the first batch of assays from the program, which entailed 64 reverse circulation (RC) drill holes completed for 5,200m at the PEG001, PEG002 and PEG008A pegmatite and geochemistry targets.

Pioneer claimed the drilling had confirmed unequivocally the project hosts rare-metal LCT pegmatites.

Assays have been received for holes PDRC001-PDRC015, drilled into the southern end of the PEG008A pegmatite.

Drill holes PDRC010 to PDRC028 were collared on 160m spaced drill traverses with holes spaced at 40m on each traverse.

Infill holes, PDRC055-PDRC063, were drilled on an 80m by 40m spacing around the visually encouraging PDRC015 and PDRC021.

Assays are pending for holes numbered PDRC016-PDRC065.

Hole PDRC015 returned an intersection of: 7 metres at 1.52 per cent lithium oxide (Li2O) from 52m.

Pioneer said samples from PDRC015 have been submitted for petrology and XRD analyses to identify all lithium bearing minerals in what it considers to be a highly-differentiated rare-metal pegmatite body.

PDRC105 also returned 6m of high-grade caesium grading 27.7 per cent caesium oxide (Cs2O) from 47m.

Caesium is used in the manufacture of formate brines for high-pressure/high-temperature oil and gas drilling and exploration.

“We’re very encouraged with the information gained from the first drilling and particularly hole PDRC015, which marks a new lithium and caesium discovery,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The company looks forward to providing further updates to the market as more assay results and other minerology information comes to hand.”

Website: www.pioresources.com.au

Crusader Resources granted Brazil mining licence

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THE DRILL SERGEANT: Crusader Resources (ASX: CAS) has been granted a Trial Mining Licence for the Querosene prospect, part of the company’s 100 per cent-owned Juruena gold project in central Brazil.

The company’s immediate focus at the Juruena gold project, located in a recognised mining district, the Juruena Alta Floresta gold belt, is on a cluster of targets all located within a district-sized, high-grade soil anomaly approximately eight kilometres long by four kilometres wide.

“Obtaining the licence for Querosene is an essential part of the process and demonstrates our team has a strong relationship with the Department of Mines,” Crusader Resources managing director Rob Smakman said in the company’s announcement to the Australian Securities Exchange.

“We will continue to work through the process and look forward to updating shareholders with additional milestones.”

The company also received additional high-grade gold results from resource-infill and expansion drilling program at the Dona Maria prospect.

Crusader completed a total of 14 holes at Dona Maria in its 2016 campaign.

Results include:

MD-12
8.25 metres at 23.71 grams per tonne gold in hole from 86.75m, including:
1m at 38.84g/t gold from 90m;
0.5m at 13.97g/t gold from 93m;
0.75m at 37.5g/t gold from 93.5m; and
0.75m @ 142.67 g/t Au from 94.25m

1.5m at 76.69g/t gold from 78m, including 1m at 106.51g/t gold from 78m;

MD-13
0.5m at 17.05g/t gold from 79m;
3m at 1.77g/t gold from 95m.

“Dona Maria continues to impress, returning great results from both north and south of the exciting central zone potentially extending it,” Smakman continued.

“The latest results, from MD-12 especially, provide further evidence of potential extension to the north of the central zone and should bode well for the updated mineral resource estimate expected in the current quarter.”

Website: www.crusaderresources.com

Core Exploration claims highest ever NT lithium hit

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) has claimed to have drilled the highest ever lithium drill intersection in the Northern Territory from the Grants prospect within the company’s Finniss lithium project.

The Grants prospect is the second pegmatite to be drilled during the company’s maiden lithium drilling program at Finniss which is testing a number of pegmatite drill targets.

Results from assays to date from the Grants prospect include:

FRC007
49 metres at 1.78 per cent lithium oxide (Li2O) from 71m, including 6m at 2.26 per cent Li2O from 97m and 9m at 2.05 per cent Li2O from 110m.

Core said the high grade spodumene intersections at the Grants prospect combined with previously announced high-grade intersections from the BP33 prospect to confirm Finniss as a major new discovery of high grade lithium.

Results from the recent discovery at BP33, which is located approximately five kilometres away from Grants included:

FRC003
34 metres at 1.6 per cent Li2O from 71m, including 7m at 2.02 per cent Li2O from 79m, 4m at 2 per cent Li2O from 93m, and 3m at 2 per cent Li2O from 101m.

Core claims to hold the largest lithium tenure position in the NT, including the highest grade lithium drill intersections, the largest historic pegmatite mine and at least another 25 other recorded pegmatites mines in the Territory.

The company declared the scale of some Finniss pegmatites to be comparable to the scale of pegmatites hosting large lithium resources in the Pilbara region of Western Australia.

“While we were extremely pleased with the results from BP33, the results from the Grants prospect were even better, returning the highest grade spodumene intersections ever drilled in the NT confirming Finniss as a significant new lithium discovery,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.

“The presence of high-grade lithium over wide zones on multiple pegmatites located in close proximity to one another, combined with Core’s large tenement holding and the projects close proximity to key infrastructure such as the Port of Darwin provide Core with a significant advantage when considering the potential development of Finniss.”

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au

Sipa Resources confirms copper-gold system at Obelisk

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THE DRILL SERGEANT: Sipa Resources (ASX: SRI) took delivery of final assay results from recently completed maiden reconnaissance Aircore/RC drilling program at the Obelisk copper-gold anomaly.

The Obelisk anomaly is located within the Great Sandy Tenement where Sipa is earning an 80 per cent interest as part of the company’s Paterson North project in the Paterson Province of Western Australia.

According to Sipa the results confirmed mineralisation over a strike length over four kilometres, including encouraging results of greater than 0.1 per cent copper and anomalous gold of greater than 0.02 grams per tonne gold and up to 1.26g/t gold returned over 1.5km of strike.

Sipa considers the results to be important at its current stage of exploration as they demonstrate a strong polymetallic mineral association of copper-gold-silver-molybdenum-tungsten anomalism.

Highlighted mineralised intercepts include:

PNA007
4 metres at 0.42g/t gold from 85m;

PNA009
7m at 0.28g/t silver and 0.29 per cent copper from 78m;

PNA014
8m at 0.28g/t gold, 0.44g/t silver, 0.11 per cent copper, 36ppm molybdenum and 141ppm tungsten, from 86m, including 1m at 1.26g/t gold from 89m;

PNA018
7m at 0.26g/t silver and 0.13 per cent copper from 86m;

PNA024
3m at 0.16g/t silver and 0.24 per cent copper from 80m; and

PNA035
6m at 0.25g/t silver and 0.10 per cent copper from 107m.

The mineral system at Obelisk is open in all directions.

“We are very excited by the results, which are outstanding for a shallow, reconnaissance program of this nature,” Sipa Resources managing director Lynda Burnett said in the company’s announcement to the Australian Securities Exchange.

“Of particular note is the scale, coherence and tenor of the anomalism at Obelisk, the presence of significant molybdenum, tungsten, silver and copper and the metal associations – which are similar to some of the very large deposits in the district.

“The next steps for us are to analyse the significant amount of data generated by the drill program and correlate it with other available datasets which are now being supplemented by a detailed gravity survey over the area which is currently underway.

“This will help us to further characterize the strong gravity high feature which is spatially associated with the mineralization and together with the other datasets, provide us with vectors for targeting follow-up drilling and geophysics.”

Sipa’s Paterson North project comprises the Great Sandy tenement (E45/3599), where Sipa can earn up to an 80 per cent interest by spending $3 million over four years under a Farm-in and JV agreement with privately owned Ming Gold, and Sipa’s wholly owned Anketell tenement (ELA45/4697).

Email: info@sipa.com.au

Website: www.sipa.com.au