THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced an extension to the ongoing reverse circulation (RC) and diamond drill program to be undertaken at the company’s 100 per cent-owned Commonwealth project, located north of Orange in New South Wales.

The company said the program will be extended by about 25 per cent to follow up recent encouraging assay results achieved at the Silica Hill, Walls and Commonwealth prospects.

“The drill program is testing a number of targets identified by Impact at four separate locations: the Commonwealth deposit, Silica Hill, the Walls- Welcome Jack Trend, and Doughnut,” Impact Minerals said in its ASX announcement.

“The program has been delayed significantly by heavy rainfall that has affected the area over the past six weeks.”

Impact has identified three new drill targets at Silica Hill following the recognition of two important controls to the higher grade mineralisation in the Silica Hill-Commonwealth deposit area together with assays from recent drill holes.

Two of the targets will be drilled as part of the current program with the third area likely to require a new drill permit from the NSW Department of Mines.

The company indicated ongoing studies have suggested the mineralisation at Silica Hill and Main Shaft may be linked at depth.

“There is a clear overlap in the nature and style of mineralisation, in particular silver, as well as the alteration minerals between the two prospects,” Impact said.

“Areas where the two styles of mineralisation connect will be priority target areas.”

A recent maiden drill hole at the Walls prospect, 1.2 kilometres east of Commonwealth identified a 20 metre thick zone (true width) of gold and silver mineralisation.

Impact explained the Walls prospect lies at the southern end of the Welcome Jack Trend, which extends over a strike length of at least one kilometre and has not been previously drill tested.

“The maiden drill result is highly encouraging for the discovery of further high-grade gold-silver mineralisation and indicates the potential for near surface open pit resources at Walls,” Impact said.

“Up to four RC holes will be completed to test the mineralisation along trend.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further massive nickel‐copper sulphides at the Stricklands prospect, within the company’s Mt Alexander project in Western Australia.

St George completed two drill holes at Stricklands to test two separate, strong off‐hole conductors identified by a DHEM survey in drill hole MAD22, which was drilled in May 2016 and intersected nickel‐copper sulphide mineralisation.

According to St George, both new drill holes have intersected high intervals of massive nickel‐copper sulphides where it was predicted it would by the modelled EM conductors.

MAD26 was completed to a downhole depth of 105.1 metres and intersected approximately 4m of massive nickel‐copper sulphide mineralisation from 53.9m to 57.9m, comprising:

1.3m of brecciated massive sulphides from 53.9m to 55.2m, with spot XRF readings ranging 3 per cent nickel to 7 per cent nickel (average 4.5%Ni) and 0.7 per cent copper to 1.4 per cent copper (average 1%Cu); and

2.7m of massive sulphides from 55.2m to 57.9m, with spot XRF readings ranging 2.7 per cent nickel to 16.6 per cent nickel (average 7.5%Ni) and 0.7 per cent copper to 8.1 per cent copper (average 2.3%Cu).

 MAD27 was completed to a downhole depth of 148m and intersected approximately 2m of massive nickel‐ copper sulphide mineralisation from 71.25 to 73.25m with spot XRF readings ranging 2 per cent nickel to 7.9 per cent nickel (average 4.2%Ni) and 1.2 per cent copper to 6.9 per cent copper (average 2.2%Cu).

Above the massive sulphide is approximately 10m of ultramafic with intermittent disseminated and stringer sulphide mineralisation.

“Our continued exploration success in the Cathedrals Belt confirms that this is a highly mineralised belt with strong prospectivity for additional nickel‐copper sulphide discoveries,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The results at Stricklands appear to be the best intersections to date outside Cathedrals and are very promising for the economic potential of the area.

“The effectiveness of our combined EM and geological targeting in the Cathedrals Belt makes the strong conductors at Investigators very compelling targets, and we are excited to be commencing the first ever drilling at Investigators today.”

Website: www.stgm.com.au

THE DRILL SERGEANT: S2 Resources (ASX: S2R) has completed a first round of Reverse Cycle (RC) drilling at the Monsoon prospect, located within the company’s 100 per cent-owned Polar Bear project in Western Australia.

S2 claimed the drilling to have intersected high-grade gold mineralisation to the north of and below high-grade gold intercepts encountered by previous aircore drilling.

Ten RC holes were drilled in the recent sortie with S2 declaring those that intersected gold mineralisation of note, together with the previous aircore drill intersections, collectively define a zone of gold mineralisation interpreted to be steeply dipping and north plunging.

S2 said the Monsoon prospect remains open along strike and down plunge to the north adding that some of the individual constituent samples within selected intersections are very high-grade, indicating the presence of coarse ‘nuggety’ gold, which the company considers to be consistent with what it has seen in the previous aircore drilling at Monsoon and Nanook, and in recent gravity recovery metallurgical testwork at Baloo.

Key intercepts include a composite zone of 66 metres at 11.4g/t gold from 74m to end of hole in SPBC0313 (uncut) or at 4.2g/t gold (cut).

This was drilled 20m north of the original high-grade aircore intersections, and includes sub-zones of:

THE DRILL SERGEANT: Adelaide Resources (ASX: ADN) has released a maiden Mineral Resource estimate for the company’s 100 per cent-owned Barns deposit located on the Eyre Peninsula in South Australia.

The JORC Code 2012-compliant Barns Mineral Resource estimate has come in at 2.11 million tonnes at 1.6 grams per tonne gold for 107,000 ounces at a 0.5g/t cut-off grade.

The Resource is classified into 380,000 tonnes sitting in the Indicated category with 1.73 million tonnes of Inferred Resources.

“The company now plans to complete metallurgical test work to establish gold recoveries, evaluate development options, and conduct exploration to increase the resource inventory,” Adelaide Resources said in its ASX announcement

“The Barns deposit is open to the south and down dip, and excellent potential to increase the resource exists.

“Five nearby gold prospects also show strong potential to deliver additional resources.”

Email: adres@adelaideresources.com.au

Website: www.adelaideresources.com.au

THE DRILL SERGEANT: Carbine Resources (ASX: CRB) announced the first of four Indicated Resources to be determined as part of the final stages of the Definitive Feasibility Study (DFS) on the company’s Mt Morgan gold-copper project in Queensland.

This first updated Mineral Resource is for the Mt Morgan’s No 2 Mill tailings dump, which Carbine said would be incorporated in the DFS due for completion this quarter.

Mt Morgan’s previously reported total Mineral Resource stands at 8.4 million tonnes at 1.23 grams per tonne gold for 329,000 ounces of gold, comprising the four tailings dumps, which make up the project.

This update for the No 2 Mill tailings dump is the first for the four tailings dumps at Mount Morgan, which will include results from a drilling program completed in May 2016.

A total of 47 drill holes were completed at the No 2 Mill tailings dump in April to convert the Inferred Resources to Indicated Resources.

The new Indicated Mineral Resource for No 2 Mill is 2.82 million tonnes at 1.1g/t gold for 100,000 ounces, representing a 113 per cent increase (53,000 ounces) in Indicated Resources and an overall 14 per cent increase compared with the previous combined Indicated and Inferred Mineral Resource.

In addition, the Indicated Resource contains an estimate of 690,000 tonnes of pyrite, 3,200 tonnes of copper, and 3,300 kilograms of silver.

“The JORC 2012 Indicated Mineral Resource at Mt Morgan’s No 2 Mill tailings dump is 2.82 million tonnes at 1.1g/t gold for 100,000 ounces of gold (above a 0.00g/t gold cut-off grade),” Carnibe Resources said in its ASX announcement.

“This is an increase of 53,000 ounces from the previous Mineral Resource completed in 2008.”

Email: admin@carbineresources.com.au

Website: www.carbineresources.com.au