THE DRILL SERGEANT: Vimy Resources (ASX: VMY) is well into a Definitive Feasibility Study (DFS) in-fill drilling program at the Ambassador, Shogun and Emperor prospects on the company’s Mulga Rock project (MRP) in Western Australia.

The drilling program, which is 75 per cent complete, will carry out 523 aircore drill holes and 91 diamond holes.

Vimy said its aim for the program is to increase the Resource classification for Ambassador and Shogun to Indicated or better status, which the company expects to allow greater than 10 years of Ore Reserves to be established.

The DFS drilling also includes a diamond twin program to further quantify the uranium disequilibrium correction factor at Shogun and Emperor and will establish the base metal content as well.

Earlier this year, Vimy upgraded the Mineral Resource Estimate for Ambassador, resulting in a 30 per cent increase of the average uranium grade due almost entirely to an increase in uranium disequilibrium factor.

The company anticipates the drilling presently underway at Shogun and Emperor will quantify the uranium disequilibrium for these two deposits with results expected to show a similar increase to Ambassador owing to the similar geological settings and uranium mineralisation forming processes at the two deposits.

Vimy will then prepare an updated Mineral Resource Estimate for Ambassador, Emperor and Shogun to be released in Q2 CY2016.

“The DFS infill drilling program and test pits are well advanced and will provide the foundation for the DFS Ore Reserve Statement and final mine design, which are critical components for project financing,” Vimy Resources managing director Mike Young said in the company’s announcement to the Australian Securities Exchange.

“The current work seeks to demonstrate the project can use simple low cost strip mining and allow the project to be developed with a high level of confidence.”

Separate to the DFS in-fill drill program, Vimy is conducting a maiden Ore Reserve for Princess and Ambassador, the results from which are being prepared for anticipated release within the next si to eight weeks. 

This Ore Reserve statement does not include the results from the DFS in-fill drill program.

Email: info@vimyresources.com.au

Website: www.vimyresources.com.au

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed a three month exploration program at the company’s 100 per cent-owned Mulga Tank project, located east of Kalgoorlie in Western Australia.

The company has re-booted its exploration for nickel and gold on the project with the completion of three major surveys: an airborne magnetic and radiometric survey covering most of the 425 square kilometre project area; an innovative combined ground and airborne electrical survey; and the collection of 2,500 soil geochemistry samples.

“The data generated from this work will be mostly used to help define drill targets identified at the Mulga Tank Dunite and Panhandle prospects in the western part of the project area,” Impact Minerals said in its ASX announcement.

The airborne magnetic and radiometric survey was completed at a line spacing of 50 metres, four times greater detail than previously available data, which the company said had greatly improved its geological understanding of the entire project area and in particular over the Mulga Tank Dunite.

“This is important because the entire project lies under deep sand cover at least 50 metres thick in most places,” Impact explained.

“A detailed interpretation of this data is in progress.”

The ground and airborne electrical survey included the Panhandle and Mulga Tank Dunite prospects, covering about 15 km of strike of nickel prospective rocks for a total area of about 70 square kilometres.

“The purpose of the survey was to help identify units of metasedimentary rocks under the thick sand cover,” Impact said.

“These units generate a significant number of false anomalies for nickel sulphides in conventional electromagnetic surveys.

“Final data is expected within two weeks.”

As part of the soil geochemistry survey around 1,000 soil samples were taken over the eastern half of the Mulga Tank Dunite at a spacing of 200m by 50m and 1,500 samples have been taken over the Panhandle prospect at a spacing of 100m by 50m.

Selected samples from areas of interest identified in the new geophysical data will be sent for assay in December.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

THE DRILL SERGEANT: Companies getting busy on the drill bit this week include, Helix Resources, Red River Resources, and Gascoyne Resources.

High Priority Exploration Drilling

Gascoyne Resources (ASX: GCY) has commenced a 10,000 metre exploration drilling program at the company’s 80 per cent-owned Dalgaranga gold project in the Murchison region of Western Australia.

The Dalgaranga gold project contains a recently upgraded Measured, Indicated and Inferred Resource of 23 million tonnes at 1.4 grams per tonne gold for 1.02 million ounces of contained gold.

The drilling program has been designed to test multiple high priority targets in the vicinity of the one million ounce Resource base at Dalgaranga which have the potential, with further exploration, to lead to additional discoveries and future Mineral Resource growth at Dalgaranga.

There has virtually been no drilling conducted outside the known deposits at Dalgaranga since the mid-1990s.

In addition to the immediate Aircore/RAB exploration drilling program, further RC resource drilling is scheduled for December at the Golden Wings deposit (which forms part of the Dalgaranga project), to confirm the continuity of the higher grade mineralisation previously identified.

This new drilling will be incorporated into an updated Mineral Resource for Golden Wings in early 2016.

High Impact Drilling

Red River Resources (ASX: RVR) has an upcoming drill program for its Thalanga zinc project in Queensland, which is planned to commence at the Far West deposit in early December 2015.

“Defining more high-grade ore at Far West, or discovering an orebody at Truncheon would be a game-changer for the project and Red River,” Red River Resources managing director Mel Palancian said.

“We are very excited to commence this program.”

Red River has designed a program which will test a number of high impact exploration targets (Truncheon, Ermine North/Echidna, Liontown East and Esso’s Waterloo).

Based on work carried out to date, the company believes these targets have potential to host material economic mineralisation, and should the drilling be successful, have a material positive impact on the company.

Red River plans to commence drilling at the exciting Truncheon target in early 2016.

Truncheon is located only 3km from the Highway-Reward mine.

It is a co-incident gravity, IP and geochemical anomaly the company has interpreted to indicate the presence of a massive sulphide pipe similar to the massive sulphide pipes at Highway-Reward.

The drilling at Truncheon will be partially funding by the Queensland Government’s Future Resources Program – Collaborative Drilling Initiative (Round 9).

Red River will receive $75,000 under this program towards the drilling of two holes of 500 metres depth at Truncheon.

Once the initial round of drilling has been completed at Truncheon, Red River will then test other high impact exploration targets.

Diamond Drilling and Downhole EM to Commence at Collerina

Helix Resources (ASX: HLX) is to commence a maiden diamond drilling program and a Down Hole EM survey will commence at the Collerina copper‐zinc prospect in the next two weeks.

The programs are designed to follow‐up high-grade massive sulphide intersections returned in recent RC Drilling.

The Down Hole EM survey is expected to commence at the end of this week and the diamond drilling is expected to commence in the last week of November.

The diamond drilling program is designed to target the high grade main zone to determine lithological and structural controls of the mineralisation and also test additional targets derived from the new DHEM surveys.

Copper and zinc mineralisation at the Collerina prospect is defined by drilling over a 500 metre length with the high-grade zone (>3% copper) defined over a strike exceeding 250m.

It remains open in all directions.

THE DRILL SERGEANT: Doray Minerals (ASX:DRM, Doray) has extended the zone of high-grade gold mineralisation to the north of the existing Wilber Lode Ore Reserve boundary via recent recent underground diamond drilling undertaken at the Andy Well gold project in Western Australia.

The company said the results indicate potential for further extensions to the Wilber Lode underground mine.

This drilling intersected, what Doray described to be, typical Andy Well-style mineralisation, with high-grade gold hosted in a quartz vein within sheared high-magnesium basalt.

The company explained the Mineralisation to be typical of that being currently mined by underground methods at Wilber.

The intersections from the recent campaign contain visible gold, with one intersection in WBUG0911 also exhibiting extensive galena and chalcopyrite mineralisation, which again was described by Doaray as typical of ‘bonanza’ grade ore within the Wilber Lode.

Results from the recent drilling include:

WBUG0911
3.7 metres at 13.4 grams per tonne gold from 308.4 metres downhole (mdh) (est. true width 1.2m), including 2m at 22.5g/t gold from 309mdh; and

WBUG0912
1m at 10.8g/t gold from 395.0mdh (est. true width 0.2m), including 0.3m at 33.3g/t gold from 395.7mdh.

“The recent drilling will have a significant impact on our current interpretation and development plans for the Wilber Lode mine and appears to confirm the presence of a new coherent high-grade gold zone in the orebody,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“These results support our long held belief that the Wilber Lode mineralisation would continue north of the dolerite dyke and that it was only a matter of time before we confirmed that.

“It appears that the high-grade gold mineralisation that has been mined to date in the northern panel at Wilber remains completely open down plunge to the north and appears to be shifting further north at depth.

“This means the current Indicated Mineral Resource, and associated Ore Reserve defined for planned mining at Wilber Deeps, can be expanded to the north with the potential for a corresponding overall increase in the high-grade inventory at Andy Well”.

Website: www.dorayminerals.com.au

THE DRILL SERGEANT: Rox Resources (ASX: RXL) has reported a further first-rate drill result from diamond drilling being undertaken at the Teena zinc prospect, which forms part of the Reward project in the Northern Territory.

Hole TNDD020 was recently drilled on the same north-south section as earlier holes TNDD021 and TNDD014.

TNDD020 intersected further high-grade zinc and lead sulphide mineralisation in both defined lenses:

Lens 2:
35.4 metres at 13.2 per cent zinc-lead (Zn+Pb) from 817m, including 21.2m at 18.6 per cent Zn+Pb from 831.2m; and

Lens 1:
12.8m at 9.4 per cent Zn+Pb from 895.2m, including 6.8m at 12.5 per cent Zn+Pb from 895.2m.

“We continue to receive outstanding drilling results from the Teena prospect,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“This latest hole was targeted close to the keel position of the synclinal basin between previous drill holes and suggests good continuity of mineralisation in this area, as well as confirmation of very high-grade mineralisation in the keel position.”

Rox is currently waiting on assays for one more hole, TNDD022, located between holes TNDD011 and TNDD017.

“Each drill hole this season has made an important contribution to the growing definition of a significant body of high-grade zinc-lead mineralisation,” Mulholland continued.

“The intercepts from drilling this year have been some of the best received, which demonstrates our increased understanding and the strong potential of this project.”

The Reward project is subject to an option/joint venture (JV) agreement between Rox (49%) and Teck Australia Pty Ltd (51%), a subsidiary of Teck Resources Limited.

Teck has elected to exercise the option to increase their JV interest to 70 per cent by expending up to $15 million in total by 31 August 2018.

As at 30 September 2015 Teck had spent approximately $12.4 million.

Rox has announced it is seeking to commercialise its interest in the project either by way of outright sale to a third party, or by a spin-off into a dedicated zinc company.

The company is continuing to actively explore these options.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au