THE DRILL SERGEANT: Excelsior Gold (ASX: EXG) has received results from the first phase of shallow drilling (less than 50m downhole) to have been completed at the Lady Kelly prospect within the company’s Kalgoorlie North gold project.

The drilling returned high-grade results, which Excelsior consider to highlight the exploration upside of the Kalgoorlie North gold project.

The company said it expects to add to project Resources and Reserves through small drilling campaigns in the remaining 17 of 22 resources areas not included in the initial mining plan.

Intercepts from the drilling identified zones of high-grade (greater than 5g/t) gold mineralisation, including:

KNC150020
7 metres at 17.9 grams per tonne gold from 35m to end of hole, including 2m at 51.4g/t gold from 35m; and

KNC150022
3m at 5.11g/t gold from 15m, including 1m at 14.1 g/t gold from 15m.

The latest results come from ten holes (KNC150020-KNC150029) Excelsior has drilled as part of a short program of 20 holes within the Greater Bulletin Area, which has been designed to delineate the geological controls of the gold mineralisation within the area.

“Lady Kelly is just one small area of drilling which lies approximately 250 metres north-west of the Bulletin South deposit where a number of sub-parallel north-west shear structures can be mapped hosting high-grade gold veins,” Exdcelsior Gold said in its ASX announcement.

“Larger stock-work targets similar in style to Bulletin South are predicted to occur at the intersections with the north-east trending structures.

“Historical drilling in the Greater Bulletin Area has returned numerous significant results from less than 50 metres downhole not only demonstrating the potential to increase current resources and reserves in the short-term but also the potential for a much larger discovery.”

Current JORC 2012 Indicated and Inferred resources for the area stand at 1.12 million tonnes at 1.85g/t gold for 66,900 ounces within the Bulletin South and Better News deposits.

An initial Ore Reserve of 0.46 million tonnes at 2.1g/t gold for 31,600 ounces is established at Bulletin South, which the company expects to expand following recent drilling carried out beneath the current pit design that intersected strong gold mineralisation.

Website: www.excelsiorgold.com.au

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has completed a comprehensive review of historical data on the company’s tenement holdings at the Dalgaranga gold project in the Murchison region of Western Australia.

According to Gascoyne the review has identified a number of high-priority exploration targets close to established Resources, which currently boast a Measured, Indicated and Inferred Resource of 14.1 million tonnes at 1.7 grams per tonne gold for 756,000 ounces of contained gold.

These are in the process of being updated following recent intersections (including visible gold) from drilling beneath and along strike from the Gilbeys deposit.

Gascoyne’s review has identified six high-priority target areas outside the known resource areas at Dalgaranga within 10 kilometres of the project’s proposed plant location.

The company intends commencing a drilling program to test these target areas next month.

The targets include the following:

Vickers
A number of unconstrained RAB and Aircore anomalies including 24m  at 1.1g/t gold, 16m  at 2.02g/t, 8m  at 2.83g/t and 2m  at 2.25 g/t gold.

Tanqueray
Open ended Aircore anomaly over 1,400m long, defined by 200m to 800m spaced shallow drilling with anomalous drillholes including 15m  at 0.8g/t gold, including 3m  at 2.4g/t gold, 16m  at 0.5g/t gold to end of hole (EOH), including 2m  at1.2g/t gold and 20m  at 0.4g/t gold, including 4m  at 1.2 g/t gold.

Hendricks
Isolated historic shallow RAB anomaly, 8m at 0.3g/t gold hosted in laterites with elevated gold at EOH (greater than 0.1 g/t gold). Anomaly associated with a NE ‘magnetic low’ trend similar to the Gilbeys shear trend and magnetic signature.

Beefeater
East-west RAB anomaly consisting of a 1,000m long poorly tested trend with elevated gold intersections including 15m  at 0.5g/t gold.

Lindeville
Isolated historic EOH RAB anomalies up to 0.6g/t gold in shallow drilling.

Caorunn
Historic EOH RAB anomaly (4m  at 1.1g/t gold) on east-west trend 1.5km west of the Golden Wings deposit in favourable host rocks ( shale, porphyry units).

“All approvals are in place for commencement of drill testing of these targets, which have potential to provide a further boost to the growing resource base at Dalgaranga,” Gascoyne Resources said in its ASX announcement.

“Drilling is planned for November.

“The company’s consultants have commenced a revised Mineral Resource estimate for the Gilbeys deposit incorporating the recently completed and announced RC and Diamond drilling programs, which is expected to be completed by the end of October, which will in turn form the basis for the current PFS which is due for early Q1 CY 2016.”

Website: www.gascoyneresources.com.au

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) released details of a fourth batch of gold assays, resulting from 23 holes from recent reverse circulation drilling carried out on the Golf Bore prospect – part of the company’s Jumbuck gold project in the North Western Gawler Craton, South Australia.

The latest results have returned intercepts of:

1 metre at 13.7 grams per tonne gold from 59m;

3m at 5.77g/t gold from 38m;

4m at 4.21g/t gold from 57m;

4m at 3.76g/t gold from 56m;

1m at 9.16g/t gold from 59m;

2m at 6g/t gold from 26m; and

3m at 3.19g/t gold from 65m.

The Jumbuck gold project comprises over 8,000 square kilometres of contiguous tenements surrounding the one million ounce Challenger gold mine.

The Golf Bore prospect is one of seven advanced prospects at Jumbuck, all of which are located within 50 kilometres from the Challenger minesite.

Tyranna explained the Golf Bore drilling program is being carried out to delineate a low cost, mineable, near surface, gold orebody.

The company claims the drilling has proven an extensive mineable supergene zone that is delivering good gold grades and wide zones of gold mineralisation.

The continuous shallow supergene zone has an average thickness of 5m to 15m over 800m with an average width of 120m.

On the back of the results achieved to date at Golf Bore, Tyranna has started to scope the economic viability of a mining proposition at the prospect, with wire-framing and first stage metallurgical testing underway.

“Another objective of the Golf Bore drilling program was to explore Challenger ‘look-a-like’ targets,” Tyranna Resources said in its ASX announcement.

“We are pleased to report that drilling to date has indicated likely primary ‘feeder zones’ that represent Challenger ‘look-a-like’ targets to be tested by the next round of drilling.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has received the results from the final two diamond drillholes from a drilling program recently completed at the company’s Dalgaranga gold project in the Murchison region of Western Australia.

The Dalgaranga project contains a Measured, Indicated and Inferred Resource of 14.1 million tonnes at 1.7 grams per tonne gold for 756,000 ounces of contained gold.

Gascoyne claimed the final two diamond cored holes at Dalgaranga continued to confirm wide zones of gold mineralisation beneath the Gilbeys pit.

Results include:

DGRC055-DT
26 metres at 1.5 grams per tonne gold, including 14m at 1.7g/t gold;

DGRC053-DT
34m at 1g/t gold, including 16.55m at 1.2g/t gold and 5.15m at 1.3g/t gold.

The company said these results complement RC and diamond drilling intersections it reported last week, which included:

39.9m at 2g/t gold, including 9.5m at 3.9g/t gold (including 0.5m at 48.4g/t gold);

13m at 2.7g/t gold from 46m, including 5m at 5.6g/t gold;

21m at 1.5g/t gold, including 10m at 2.1g/t gold; and

15m at 1.5g/t gold and 3m at 4g/t gold.

The RC and Diamond tail drillholes have been carried out as part of a program Gascoyne designed to test the continuity of the gold mineralisation immediately below and along strike from the existing Gilbeys open pit and to test potential resource extensions in poorly drilled areas within the Gilbey’s Stage 3 pit design.

Gascoyne expects the drilling will enable it to classify the vast majority of Mineral Resource within this pit design to Measured or Indicated status, and will provide material for PFS metallurgical testwork.

“Hitting strong, shallow oxide extensions to the Gilbeys Resource within the area of our proposed pit cutback, plus thicker zones than expected below the current pit, should hopefully push the global Resource at Dalgaranga upwards toward one million ounces (currently 756,000 ounces), allowing us to contemplate adding an upside case envisaging up to 100,000 ounces per annum production to our recently commenced Pre-Feasibility Study,” Gascoyne Resources chairman Mike Joyce said in the company’s announcement to the Australian Securities Exchange.

“We will also initiate aggressive exploration drilling to test high priority targets close to current resources on our large ground holdings at Dalgaranga.

“Gascoyne’s work since acquiring the Dalgaranga project is the first drilling in over 15 years.

“We believe the full potential of this goldfield has not yet been realised.”

Gascoyne indicated the new drilling results, along with the other recent RC and Diamond drilling results, will be incorporated into a revised Mineral Resource by the end of October, which will in turn form the basis for the current PFS.

Website: www.gascoyneresources.com.au

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has claimed a new gold discovery after receiving final assay results from a maiden three-hole Reverse Circulation (RC) drilling program completed at the Mauretania Prospect within the Eastern Project Area (EPA) of the company’s Tennant Creek Mineral Field.

Emmerson explained it targeted the Mauretania area using results from a recent high resolution aeromagnetic survey that highlighted a number of new, subtle anomalies corresponding to major structures and in some cases, historical mines.

Of the three holes drilled, hole MTRC006 came up trumps returning:

30 metres at 3.22 grams per tonne gold, 13.1g/t silver, 0.33 per cent copper and 723ppm bismuth from 57m;

This intersection included 15m at 5.67g/t gold, 14.7g/t silver, 0.11 per cent bismuth, 0.24 per cent coppr from 60m; or 3m at 21.3g/t gold, 5.01g/t silver, 0.2 per cent bismuth, 0.23 per cent copper from 63m.

With a lower copper rich zone that comprises 24m at 1.07 per cent copper, 8.51g/t silver, 0.4g/t gold from 78m.

“We are wasting no time in planning the next drill campaign at Mauretania and surrounding prospects, and anticipate a very exciting end to the year,” Emmerson Resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“Both Emmerson and our partner Evolution Mining are highly encouraged by these early results which indicate a new, undercover green fields discovery emanating from good science and systematic exploration by committed teams working in partnership.

“We have a strong pipeline of quality opportunities to drill test during the December quarter, with drilling to re-commence at Mauretania later this month and then move to further follow-up drilling after our recent success at the GeckoGoanna project.”

Website: www.emmersonresources.com.au