THE DRILL SERGEANT: Companies getting busy on the drill bit this week include rox Resources, Investigator Resources, Sovereign Gold, and Segue Resources.
Aircore Drilling at Fisher East
Rox Resources (ASX: RXL) has commenced an aircore drilling program on the company’s Fisher East nickel sulphide project located north of Kalgoorlie in Western Australian.
The drilling program will test EM conductors identified by a recent VTEM survey.
“These strong EM conductors form a cluster along strike from our other nickel sulphide discoveries in the area,” Rox Resources managing director Ian Mulholland said.
“Once this aircore drilling is completed we’ll be in a position to launch a more extensive drilling campaign to further evaluate the recently discovered Sabre and Tomahawk prospects.
“It’s an exciting propositionto be looking at adding significantly to our existing resource base at Fisher East.”
The Fisher East project currently has a JORC 2012 Mineral Resource of 3.6 million tonnes at 2 per cent nickel for 72,100 tonnes of contained nickel.
This comprises nickel sulphide deposits at Camelwood and Musket, which are still open at depth.
A Pre-Feasibility Study is currently underway.
Drilling copper targets near Paris
Investigator Resources (ASX: IVR) has resumed drilling within the company’s 100 per cent-held Peterlumbo tenement EL5368.
The focus of this phase of drilling is large copper targets associated with the Paris epithermal silver deposit as new deposit styles for South Australia.
The company’s priorities are to build on the Paris discovery by reviewing the 2013 maiden silver resource of 20 million ounces as well as seeking larger company-making deposits in silver, copper and gold that conceptually may be situated within the minerals system around Paris.
Investigator used its magnetic and soil geochemical data sets to select the best targets within the structural and intrusive framework developed from the company’s Paris know-how.
Provision is made in the current drill program for 18-hole reverse circulation holes with the average drill depth of 150m.
These will test five accessible targets with potential for large copper systems.
“Since Investigator’s breakthrough copper intersection at Helen, our geological team has been re-mapping, re-logging drillholes and re-interrogating the company’s extensive datasets,” Investigator Resources managing director John Anderson said.
“So Investigator is well positioned to predict where the next discoveries are to be made in our highly prospective tenements.
“Five priority copper targets were identified near Paris in previously heritage surveyed areas and are now being drilled with the cost effective slimline RC drilling successfully applied in prior programs.
“Other copper targets and areas with potential for large silver deposits within the Peterlumbo tenement are being readied for heritage surveying with the objective of further drilling later in 2015.”
Diamond Drilling Rocky River Gold Targets
Sovereign Gold (ASX: SOC) is diamond drilling at the Rocky River Intrusion-Related Gold System (IRGS).
The first drill holes are testing the historical Hudsons-McCrossins workings that have not been previously been drilled.
The Hudsons-McCrossins workings consist of a series of pits and shallow shafts that extend for 360 metres on a north-east trend.
This drill program is in addition to the Rocky River IRGS Cooperative Drilling Program funding of $65,000 granted by the New South Wales government with the balance to be funded by Chinese partners SUGEC.
The Cooperative Drilling funding grant is to test a potential gold-bearing concealed circular pluton and associated structures indicated by Sovereign Gold’s airborne geophysical survey.
Drilling high priority targets at Plumridge
Segue Resources (ASX: SEG) is about to commence the next phase of drilling at the company’s Plumridge nickel project in the Fraser Range, Western Australia.
Segue has identified fifteen (15) exploration targets within two district-scale clusters in the northern and central parts of the project area.
All targets lie within an area called the Transform Graben Zone (TGZ) Segue identified from a recently completed gravity survey, which it considers to be consistent with the company’s geological and mineral emplacement models.
Approval has been received from the WA Department of Mines for drilling programs (aircore and RC) covering all 15 high priority targets, although the initial drilling program will focus on the northern cluster.
