Marindi Metals awarded WA Government EIS drilling co-funding

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THE DRILL SERGEANT: Marindi Metals (ASX: MZN) has picked up $107,250 in funding from the latest round of the Western Australian Government’s Exploration Incentive Scheme, (EIS).

The company applied for the funding to enable it to drill three deeper diamond holes into the Prairie Downs Fault Zone (PDFZ) between the Wolf prospect and the Prairie Downs base metal sulphide resource.

According to Marindi the Wolf prospect hosts zinc mineralisation as a zinc rich chlorite, a mineral that when recorded elsewhere has been closely associated with zinc sulphide mineralisation.

Recent petrology carried out by Marindi’s consultants and the CSIRO confirmed Marindi’s original interpretation that the Prairie‐Wolf corridor represents the vent of a large hydrothermal cell.

The company explained that zinc-rich hydrothermal solutions are regarded as the principal mechanism of deposition and this occurred in an epithermal (low temperature) environment.

The extent of the mineralisation at Wolf has led Marindi to consider it to be the source of what could be a substantial body of zinc mineralisation that has been accessed by the PDFZ.

At Wolf the main zone of zinc mineralisation is up to 100 metres wide but can be traced at levels of 0.2 per cent zinc for over 400m in width, which Marindi has positively identified over a strike length of 500m.

From historic drilling and recent mapping the company has determined this to indicate a potential strike of at least 1.5 kilometres, making it a very large system.

“At Prairie approximately two kilometres to the grid east along strike from  Wolf zinc mineralisation takes the form of the common zinc sulphide, sphalerite,” Marindi Metals said in its ASX announcement.

“It occurs as massive veins within a quartz barite filled fault zone that is interpreted to have been be remobilised from a larger zinc system in close proximity.

“It is highly unlikely that the two systems are not related and the EIS drilling will help aid the understanding of the relationship between Wolf, Prairie and the PDFZ.”

Email: info@marindi.com.au

Website: www.marindi.com.au

Breaker Resources hits Gold lode at Lake Roe

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) is currently aircore drilling in the Eastern Goldfields of Western Australia just south of the two kilometre-long Lake Roe gold system.

The company said the drilling has encountered sulphide-rich lode gold mineralisation over a nine metre down-hole interval from hole BAC1061.

Although gold is evident in panned samples, Breaker indicated assaying is needed to quantify the grades, to which end samples from selected drill holes from the current aircore drilling are being prioritised for laboratory analyses.

Breaker expects to receive full (preliminary) results mid-January 2016.

BAC1061 is located 100m south of an aircore drill hole Breaker terminated in mineralisation grading 2.6g/t gold.

Further chlorite-pyrite mineralisation of unknown grade is also present in a drill hole located 40m east of BAC1061, and in three drill holes situated 100m to the south of BAC1061.

Drilling further south is in progress and is expected to be completed within one week.

“The aim of the current 4,500 metre aircore drill program is to test the southern extent of the Lake Roe gold system, and clarify mineralisation orientations where possible ahead of reverse circulation (RC) drilling,” Breaker Resources explained in its ASX announcement.

“Much of the aircore drilling completed to date is geochemical and reconnaissance in nature due to limited drill penetration into fresh hard rock.

“Approximately 30 per cent of previous drill holes terminate in (+50ppb gold) mineralisation with end-of-hole grades up to 7.98 grams per tonne gold.”

Breaker is set to commence RC drilling to test several areas within the gold system in early February 2016.

The company said the results it had recorded to date are consistent with a new gold system of considerable scale and coherence that remains open to the north and south.

Email: breaker@breakerresources.com.au

Website: www.breakerresources.com.au

Sheffield Resources returns high-grade infill drilling results from Thunderbird

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THE DRILL SERGEANT: Sheffield Resources (ASX:SFX) has announced high-grade results achieved from infill drilling at the company’s 100 per cent-owned Thunderbird mineral sands project, located near Derby in northwest Western Australia.

The results relate to 110 infill aircore drill holes the company completed at Thunderbird during 2015 subsequent to the release of the current Mineral Resource.

Results include:

THAC664
28.5 metres at 14.7 per cent heavy minerals (HM) from 1.5m, including 16.5m at 21.6 per cent HM from 6m;

THAC663
28.5m at 14.3 per cent HM from 1.5m, including 16.5m at 20 per cent HM from 4.5m;

THAC651
18.0m at 15 per cent HM from 0m, including 12m at 21.1 per cent HM from 0m;

THAC673
37.5m at 12.3 per cent HM from 0m, including 21m at 16.8 per cent HM from 0m;

THAC621
40.5m at 12.1 per cent HM from 4.5m, including 24m at 16.5 per cent HM from 6m;

THAC614
37.5m at 12.9 per cent HM from 10.5m, including 34.5m at 13.4 per cent HM from 12m;

THAC660
24m at 14.2 per cent HM from 0m, including 15m at 19.7 per cent HM from 1.5m;

THAC620
36m at 12.7 per cent HM from 12m, including 34.5m at 13 per cent HM from 13.5m; and

THAC633
31.5m at 12.2 per cent HM from 3m, including 15m at 18.6 per cent HM from 6m.

“These are another set of outstanding results that support and de-risk the initial years of proposed mine production and will further underpin a high quality Bankable Feasibility Study,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

Thunderbird has total Mineral Resources of 3.240 billion tonnes at 6.9 per cent HM (at 3% HM cut off) (Measured, Indicated and Inferred), including a coherent high grade zone (at 7.5% cut off) of 1.09 billion tonnes at 11.9 per cent HM (Measured, Indicated and Inferred) containing 9.9 million tonnes of zircon, 3 million tonnes of high-titanium leucoxene, 2.8 million tonnes of leucoxene and 36 million tonnes of ilmenite.

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au

Pioneer Resources nicks key nickel sulphide indicators at Fairwater

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has intersected key nickel sulphide indicators while completing a diamond core drilling program at the company’s Fairwater nickel project, located in the Albany Fraser Orogen in south east Western Australia.

Pioneer completed three diamond core holes during the current program, each of which the company said had intersected ultramafic rocks within an interpreted mafic-ultramafic chonolith or complex conduit sill-dyke system, an environment Pioneer considers to be highly prospective for nickel sulphide mineralisation.

The company employed a major-element rock geochemistry as part of the program to generate a mineralisation vector that indicates increasing fertility towards the centre of the sill-dyke system.

On the back of these results, Pioneer now has a gravity survey underway, with the aim of providing increased focus for its next phase of drilling.

Pioneer said the results from this program support previous aircore drilling at Fairwater, which intersected supergene nickel sulphide minerals.

“The geochemical data from the first phase of diamond drilling provides a clear, westerly trending mineralisation vector, based on improving nickel-enrichment and the presence of elevated copper, platinum, palladium and sulphur in FWDD003,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“We have commenced a gravity survey which aims to better define the chonolith or conduits for the sill-dyke system where nickel sulphide mineralisation is most likely to have been deposited.”

Website: www.pioresources.com.au

St George drilling for gold at Ascalon

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has been awarded a drilling grant by the West Australian Government’s Exploration Incentive Scheme (EIS).

The company said the EIS dollars would be spent on gold exploration at its 100 per cent-owned East Laverton project, in particular on the new Ascalon gold prospect.

St George has identified a number of prospective targets in an under‐explored region containing the gold discoveries at Tropicana (+8 million ounces) and Gruyere (+5 million ounces).

“The support of the Western Australian Government is recognition of the innovative exploration work we are undertaking and the significant gold potential in the under‐explored East Laverton area,” St George Mining executive chairman  John Prineas said in the company’s announcement to the Australian Securities Exchange.

Initial drilling under the WA grant will test the Ascalon gold prospect with work scheduled to start in early 2016 as part of a major gold‐focused drilling program targeting a number gold targets on the East Laverton roject.

The greenstone belts at East Laverton are also adjacent to the Yamarna belt where the Gruyere gold deposit was discovered by Gold Road Resources (ASX: GOR) in 2013.

More recently, Montezuma Mining (ASX: MZM) announced a new greenfields discovery on the Yamarna belt.

St George considers these gold discoveries highlight the unrealised potential in this area of the North Eastern Goldfields and back its commitment to an escalation of gold exploration at its East Laverton project which, together with the company’s nickel sulphide exploration, will provide a diversified commodity exposure.

St George believes it has also identified gold potential at the Atlas prospect, which will be drilled for the first time later this month.

This target is located to the south‐west of the main East Laverton tenements.

St George completed ground gravity and soil geochemical surveys over the prospect area in 2014.

The gravity data identified a large area of higher density which was co‐incident with a strong magnetic response.

Website: www.stgm.com.au

Impact Minerals encounters high-grade zinc at Red Hill

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has received some high-grade zinc-silver and lead assays from the Red Hill prospect, part of the company’s Broken Hill project in New South Wales.

The company explained the zinc-lead-silver mineralisation occurs within a 60 metre thick zone of what it described to be ‘Broken Hill-style mineralisation’ hosted by so-called ‘Lode Rocks’, which are similar to those found at the nearby Broken Hill zinc-lead-silver deposit.

Impact recently received Ministerial approval for the purchase of 80 per cent of the rights to such Broken Hill-style mineralisation from Silver City Minerals and will free carry that company’s 20 per cent interest in those rights up to a Decision to Mine.

The company described the style of mineralisation it has encountered to be distinct from, and separate to, the platinum-copper-nickel mineralisation associated with ultramafic rocks that has been the focus of work carried out to date at the project.

Hole RHD018 returned results from a five metre thick zone of massive and disseminated zinc and lead sulphide mineralisation, including two separate one metre intervals of high-grade zinc sulphides:

Results included:

5.1 metres at 10 per cent zinc, 0.8 per cent lead, 40.4 grams per tonne silver from 148.4m, including 1m at 26.8 per cent zinc, 2.8 per cent lead, 133g/t silver (4 ounces) from 148.9m; and

1m at 21.4 per cent zinc, 0.8 per cent lead and 31.5g/t silver (1 ounce) from 152.5m.

This high-grade mineralisation lies within a thicker zone of lower grade mineralisation that returned:

22.7m at 2.4 per cent zinc, 0.2 per cent lead and 9.5g/t silver from 138.9m down hole.

Hole RDH018 is the second hole at Red Hill to intersect thick intercepts of Broken Hill-style mineralisation.

“These results are all extremely encouraging for the discovery of a significant zinc-lead-silver deposit,” Impact Minerals said in its ASX announcement.

“In particular the mineralisation discovered may represent a halo to a larger massive zinc sulphide body along trend or at depth.

“Further drilling is warranted and a follow up drill program is being designed.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

Cassini Resources announces maiden Resources estimate for Succoth copper deposit

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has released a maiden Mineral Resource estimate for the Succoth copper deposit, which is part of the company’s 100 per cent-owned West Musgrave project in Western Australia.

The maiden Inferred Mineral Resource totals 156 million tonnes at 0.60 per cent copper at a 0.3 per cent copper cut-off grade for 943,000 tonnes of copper metal.

According to Cassini, the grades at Succoth are favourable to operating open pit copper mines and projects globally.

The company indicated there was also potential at Succoth for PGE by-product credits, particularly for palladium, which has a grade of 0.11 grams per tonne.

Cassini has a few evaluate development options for Succoth, including integration with NeboBabel in a co-development scenario or a sequential development to extend the overall project mine life.

Both scenarios provide Succoth with the advantage of lowering the required capital intensity by utilising existing infrastructure.

“There are several exploration targets that exist within close proximity to Succoth that have the potential to increase the size of the Succoth resource,” Cassini Resources said in its ASX announcement.

“The company is confident that any additional exploration drilling will provide the potential for an expansion of the existing Succoth resource.”

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Renascor Resources picks up South Australia graphite project

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THE DRILL SERGEANT: Renascor Resources (ASX: RNU) has entered into a binding agreement to secure an option over the Arno graphite project, an advanced graphite project in South Australia’s Eyre Peninsula.

Renascor believes the project offers large tonnage, high quality graphite potential.

High-grade, coarse-flake graphite intersections have been encountered in eight holes drilled to date within the targeted prospects, with results including:

Siv004
19 metres at 11.14 per cent total graphitic carbon (TGC), within 37m at 7.24 per cent TGC (from 37m); and

Siv005
20m at 10.78 per cent TGC within 36m at 8.48 per cent TGC (from 36m).

Renascor said all of the eight drill holes demonstrated a strong correlation with conductivity zones outlined in airborne electromagnetic (EM) data, which extend over a strike-length of five kilometres.

The EM-defined target zone at the advanced Siviour prospect outlines a flat-lying, shallow conductive zone and extends at least 1,200m west of the existing high-grade drill section.

Renascor considers this to suggest potential exists to define a large-tonnage graphite resource from next-stage drilling at Siviour.

Preliminary metallurgical test work already carried out indicates a large proportion of flake-size graphite, with 93 per cent TGC concentrates produced using simple flotation and gravity methods.

Renascor has commenced predrilling exploration activities and expects to commence drilling at the advanced Siviour prospect later this month.

“This Arno graphite project offers outstanding potential for Renascor to quickly define a significant graphite resource within the proven graphite producing-region of South Australia’s Eyre Peninsula,” Renascor Resources managing director David Christensen said in the company’s announcement to the Australian Securities Exchange.

“Work to date has already established the widespread presence of high-grade, coarse-flake graphite, and the upcoming drill programs provide an immediate opportunity to locate a large and shallow, high quality ore body.

“The option to acquire the Arno project continues Renascor’s strategy of offering low-cost, near-term discovery opportunities and adds to the potential offered by Renascor’s neighbouring Eastern Eyre copper project and Munglinup graphite/nickel-sulphide project in Western Australia.”

Email: info@renascor.com.au

Website: www.renascor.com.au

West African Resources encounters encouraging gold hits at Tanlouka

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THE DRILL SERGEANT: West African Resources (ASX: WAF) reported high-grade intersections from shallow oxide RC drilling carried out on the M3 prospect, at the company’s 100 per cent-owned Tanlouka gold project in Burkina Faso.

Recent shallow RC drilling at M3 returned results including:

TAC1068
5 metres at 2.61g/t gold from 9m;

TAC1097
13m at 1.77g/t gold from 22m;

TAC1102
20m at 2.8g/t gold from 24m, including 8m at 3.98g/t gold;

TAC1109
12m at 1.67g/t gold from 4m;

TAC1121
12m at 1.14g/t gold from 16m, ending in mineralisation;

TAC1122
12m at 0.98g/t gold from 8m; and

TAC1123
4m at 2.24g/t gold from surface.

“A new zone of mineralisation has been discovered at M3…with three consecutive holes intercepting gold mineralisation over a width of 20 metres,” West African Resources managing director Richard Hyde said in the company’s announcement to the Australian Securities Exchange.

“Gold mineralisation at M3 is located less than two kilometres from the proposed starter pit at M5.

“Follow-up drilling is in progress and will continue into 2016.”

None of the recently discovered gold mineralisation at the M3 prospect is currently included the project resource inventory.

West African said the M3 mineralisation will be modelled and incorporated in a resource update later this year.

The company anticipates that any additional higher grade oxide tonnes to have a positive impact on the project economics.

Email: info@westafricanresources.com

Website: www.westafricanresources.com.au

Ramelius Resources scores bonanza gold hit at Mt Magnet

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THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced a bonanza gold grade intersection from recently completed deeper drilling carried out beneath the shallow oxide Milky Way open pit near Mt Magnet in Western Australia.

Ramelius completed ten deep exploration RC drill holes and two RC re-entries at Milky Way targeting along strike, plus up and down dip of previously reported results of:

6 metres at 11.64 grams per tonne gold; and

7m at 11.29g/t gold.

The bonanza intersection from Ramelius’ new drill hole GXRC1345 has come in at:

22m at 55.05g/t gold from 112m, including 9m at 126.6 g/t gold.

“The latest drilling confirms excellent continuity of mineralised porphyry thicknesses and now a second area of significant high-grade gold mineralisation has been intersected, approximately 300 metres south of those previously announced,” Ramelius Resources managing director Mark Zeptner said in the company’s announcement to the Australian Securities Exchange.

“We remain excited by the potential life-of-mine extension of Mt Magnet that Milky Way may provide, and the next steps will include infill resource definition drilling in conjunction with further step-out exploration drilling south along the Milky Way Fault.

“The drilling programs will commence in the New Year as soon as necessary approvals are in place.”

In addition to the bonanza intersection, further broad intervals of gold mineralisation have been returned from within the Milky Way Porphyry, including:

GXRC1345
89m at 13.9g/t gold from 108m;

GXRC1337
46m at 0.49g/t gold from 140m;

GXRC1338
60m at 0.53g/t gold from 34m;

GXRC1341 
11m at 1.65g/t gold from 175m; and

GXRC1342
28m at 2.2g/t gold from 38m.

Ramelius said it was encouraged by the drill intersections as they demonstrate potential for a large tonnage mineralised porphyry within the broader Mt Magnet gold camp.

Email: info@rameliusresources.com.au

Website: www.rameliusresources.com