THE DRILL SERGEANT: Doray Minerals (ASX:DRM) has intersected further visible gold mineralisation whilst conducting underground diamond drilling within the Wilber North area at the company’s Andy Well gold mine in Western Australia.

The company has completed eight diamond holes at Wilber North with five holes intersecting quartz lode intervals with visible gold mineralisation.

Drilling of the further three holes intersected visible gold intersected in two of them (WBUG0977 and WBUG0979).

Assays have now been returned from the first three holes, returning Wilber Lode intersections of:

WBUG0974A
4.3 metres at 52.7 grams per tonne gold (true width 1.7m) from 270.7 metres downhole (mdh);

WBUG0975
2.9m at 6.5g/t gold (true width 1.3m) from 377.1mdh; and

WBUG0976
3.6m at 13.6g/t gold (true width 1m) from 255.6mdh.

“These intersections appear to confirm the Wilber North depth extensions as a new zone of high-grade gold mineralisation within the Wilber Lode deposit, extending beyond the northern boundary of the current Ore Reserve,” Doray Minerals said in its ASX announcement.

“Importantly, the true widths of the intersections point to potentially thicker mineralisation compared to the average width of the Wilber orebody to date, which is approximately 1.1 metre.

Email: investorrelations@dorayminerals.com.au

Website: www.dorayminerals.com.au

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced high-grade platinum, palladium, nickel and copper assays from drilling at the company’s Platinum Springs prospect located north east of Broken Hill in New South Wales.

The drilling encountered a thick unit of massive sulphide in Hole PSD02, which returned:

0.6 metres at 11.5 grams per tonne platinum, 25.6g/t palladium, 1.4g/t gold, 7.6 per cent copper, 7.4 per cent nickel and 44.3g/t silver from 57.1m down hole.

This was within a broader intercept of:

2.75m at 3.5g/t platinum, 7g/t palladium, 0.4g/t gold, 2 per cent copper, 1.9 per cent nickel and 11.6g/t silver from 55m down hole.

Impact indicated it was waiting for assays for the rare PGMs rhodium, ruthenium, osmium and iridium, which it anticipates to be available in about two weeks.

Impact carried out the drilling of hole PSD02 to test a narrow and strongly conductive electromagnetic (EM) conductor it had identified in a down hole survey of a previous drill hole.

The company said a subsequent down hole survey of PSD02 confirmed the massive sulphide is the source of the conductor.

“Very high-grade PGM-copper-nickel assays have now been returned from two prospects at Impact’s Broken Hill project, Platinum Springs and Red Hill,” Impact Minerals said in its ASX announcement.

“These are the only two prospects to have been explored in detail and this is encouraging for further exploration throughout the entire project area.

“For example, high-grade rock chip samples have been returned from numerous prospects between the Platinum Springs and Moorkai prospects, a distance of about nine kilometres along the Moorkai Intrusive Complex.

“Apart from a few drill holes, none of these areas have been followed up in detail and a follow up work program is being designed for the entire Moorkai Intrusive Complex.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) informed the market of results from work conducted on the Horse Well gold project, by its Joint Venture partner Doray Minerals (ASX: DRM).

Doray released results from regional air-core drilling completed at Horse Well in the December 2015 Quarter to test for geochemical gold anomalism beneath the sand covered Crack of Dawn regional target, located in the north of the project area.

The drilling highlighted a number of prospective areas, including the delineation of two coherent trends at a major T-06 magnetic anomaly which has been renamed the Django prospect.

One of these covers an area of 1.5km by 250m returning a best result of:

22m at 1.4 grams per tonne gold from 36 metres down hole (mdh), including 8m at4.2g/t from 48mdh.

A second parallel trend was identified covering an area of 3km x 200m with gold mineralisation occurring as a supergene blanket overlying probable bedrock hosted mineralisation.

A number of other emerging mineralised trends are present adjacent to Dusk til Dawn and south and west of the Crack of Dawn prospects.

Alloy indicated the JV is planning further exploration at the project with heritage surveys and other regulatory approvals in progress.

Infill air-core drilling of the Django anomalies is planned for the March quarter (approximately 5,300 metres) along with air-core drilling of prospective areas of the Celia Shear zone south of Warmblood prospect (approximately 9,000 metres).

RC drill testing of identified priority air-core anomalies are scheduled for the June Quarter (up to 4,500 metres).

“The Horse Well project is living up to the expectations of both Joint Venture partners, with the new Django discovery being a very exciting development,” Alloy Resources executive chairman Andy Viner said in the company’s announcement to the Australian Securities Exchange.

“We always believed this area could host a large gold alteration system based on the ‘de-magnetised’ signature of the bedrock and confluence of structures here, and it looks like this is the case.

“I would not be surprised if further testing extends the anomalous trends further north and south.

“The tenor of air-core results in the range of 0.1 to 0.3 grams per tonne and mostly at a supergene level is exactly what we saw at the Dusk til Dawn discovery, so this augers very well for the potential to discover similar gold mineralisation within these Django trends.”

Email: info@alloyres.com

Website: www.alloyres.com

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has completed a gravity survey at the company’s Fairwater nickel project in the Albany-Fraser Orogen in south east Western Australia.

The survey identified three gravity peaks, which the company said represent targets for future exploration work.

Pioneer indicated that while geophysical processing is continuing, the company has been encouraged by the geological context provided by the amalgamated interpretations of gravity, magnetics, soil geochemistry and drilling results it has achieved to date.

The gravity survey located zones of increasing rock density, which Pioneer feel may be related to the feeder zones (or chonoliths) for the interpreted Fairwater mafic-ultramafic conduit sill-dyke system.

The three gravity peaks have been identified as:

The G1 peak
Located towards the centre of the Fairwater Intrusion, and coincides with the principle Fairwater nickel-chromium soil geochemistry anomaly.

It also coincides with peak copper-platinum-palladium (nickel pathfinder) soil geochemistry responses.

Litho-geochemistry from diamond drill holes FWDD001-003 provided a general nickel mineralisation vector direction towards the centre of the Fairwater Intrusion, and the G1 gravity feature.

The G2 peak
Located towards the northern end of the Fairwater Intrusion.

When observations are considered along with the geological interpretation from Pioneer’s drilling programs, the G1 and G2 peaks may represent components of the intrusive core that is flanked by the flatter-lying sills intersected in aircore drilling.

The G3 peak
Located towards the southern end of the Fairwater Intrusion adjacent to a magnetic high, and possibly offset by faulting from the ultramafic unit(s) hosting the G1 and G2 anomalies.

Information suggests a westerly dip to the eastern-most ultramafic sill, which is consistent with that seen in aircore and diamond drilling from the 2015 programs.

“Geoscientific observations made at Fairwater continue to be consistent with a ‘chonolith’ nickel sulphide environment, and as modelling continues, plans to test the three priority targets, now refined by the gravity survey, by reverse circulation drilling followed by high-power down-hole EM surveys, will be firmed up for the June quarter 2016,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

Pioneer explained that the geological model being developed from the gravity survey will be further refined using aeromagnetic data and direct geological information from the drill programs.

A drill program to test the resulting targets will then be finalised, initially utilising reverse circulation drilling to provide a platform for high power down-hole EM surveys.

Website: www.pioresources.com.au

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has updated resource estimates for the Golden Age and Galaxy deposits at the company’s Matilda gold project near Wiluna in Western Australia.

The two deposits now combine for a total of 1.85 million tonnes at 3.6 grams per tonne gold for 216,000 ounces of gold.

The Golden Age resource starts close to surface and now stands at 1.06 million tonnes at 4.4g/t gold for 150,000 ounces of gold.

The Golden Age deposit has existing access via the Bulletin decline less than three kilometres from Blackham’s 100 per cent-owned Wiluna gold plant and was still being mined up until the closure in June 2013 of the Wiluna plant, which Blackham plans to restart in mid-2016.

The Golden Age middle zone, where Blackham intends to commence mining, contains a high grade resource of 185,000 tonnes at 9g/t gold for 53,000 ounces sitting just off the existing mine development.

The increase to the Galaxy Resource has taken it to 787,000 tonnes at 2.6g/t for 66,000 ounces.

The Galaxy quartz reef is initially planned to be mined by open pit methods.

The Galaxy deposit is located 13 kilometres from the Wiluna plant.

Mining studies completed to date indicate the high-grade resource from surface to be suitable feed for the Wiluna plant.

Recent metallurgical studies for Golden Age and Galaxy – part of the ongoing Definitive Study for the project – have confirmed strong results with gravity and cyanide leach recoveries ranging from 93 to 96 per cent.

“The Golden Age and Galaxy resources are both important sources of high grade free milling ore for the initial years of the Matilda project mine plan,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“Golden Age has all the required underground infrastructure already in place.

“From the mining and processing studies conducted to date, the high grades and strong recoveries from these orebodies plus the base load Matilda mine ore will provide important cash flow to quickly payoff the low capital cost needed to re-commission the Wiluna gold plant.”

The total Matilda gold project Resources now measure 44 million tonnes at 3.3g/t gold for 4.63 million ounces of gold all situated within a 20km radius of the Wiluna gold plant.

Measured and indicated Resources now total 20 million tonnes at 3.5g/t gold for 2.2 million ounces.

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au