Mako Gold Recommences Côte d’Ivoire Drilling

THE DRILL SERGEANT: Mako Gold (ASX: MKG) has recommenced drilling at the company’s Napié project in Côte d’Ivoire.

Mako Gold indicated the planned drilling program will concentrate on areas close to a mineralised shear on the Tchaga Prospect, as well as regionally test the undrilled areas along an interpreted shear between the Tchaga and Gogbala prospects.

The company encountered multiple wide gold zones, including high-grade intervals, during previous drilling on the Tchaga prospect.

The aim of the current RC drilling program on Tchaga is to extend gold mineralisation over a strike length of 1.4 kilometres by targeting the dilational jog (curvature of shear) along the 17km shear.

The company also intersected gold in wide-spaced drilling undertaken on the Gogbala prospect, which it considers having demonstrated potential for large deposits.

Mako Gold believes that gold mineralisation intersected at the Tchaga and Gogbala prospects could be part of the same system as they both lie along the newly interpreted 17km-long shear zone.

The regional drilling program is planned to drill test this mineralised shear with wide-spaced drill fences between the two prospects.

“The current drilling campaign aims to extend mineralisation to 1.4 kilometres on the Tchaga prospect, which we view as the next step to progress towards a resource, and to highlight the ‘blue sky’ along nine kilometres of the 17 kilometre interpreted shear, thereby demonstrating the potential for one or more large gold deposits along the shear,” Mako Gold managing director Peter Ledwidge said in the company’s announcement to the Australian Securities Exchange.

“Mako looks forward to providing results of the drilling program.”

 

Website: www.makogold.com.au

 

Peel Mining Readies for Maiden Resource Calculation

THE DRILL SERGEANT: Peel Mining (ASX: PEX) has completed Resource drilling at the company’s Wagga Tank and Southern Nights projects in New South Wales with a maiden Mineral Resource Estimate on track for delivery in June.

Peel Mining indicated the drilling had extended mineralisation to at least 450 metres below surface in the Southern Nights Central Zone highlighting the depth extent of the ore body, returning multiple deeper intercepts including:

WTRCDD192
42.78 metres at 5.38 per cent zinc, 2.71 per cent lead, 0.63 per cent copper, 80 grams per tonne silver and 0.42g/t gold from 349.22m, including 30.38m at 7.31 per cent zinc, 3.69 per cent lead, 0.59 per cent copper, 107g/t silver and 0.51g/t gold from 349.22m;

WTRCDD166W1
88m at 3.13 per cent zinc, 1.09 per cent lead and 26g/t silver from 407m, including 4.7m at 9.22 per cent zinc, 2.32 per cent lead, and 80g/t silver from 442.3m;

WTRCDD188W1
40m at 3 per cent zinc, 1.03 per cent lead and 49g/t silver from 477m, including 10m at 4.87 per cent zinc, 1.58 per cent lead, and 71g/t silver from 496m;

WTRCDD190
29.1m at 4.23 per cent zinc, 1.4 per cent lead, 0.21 per cent copper, 50g/t silver and 0.11g/t gold from 401m, including 4.72m at 13.79 per cent zinc, 4.84 per cent lead, 0.24 per cent copper, 170g/t silver and 0.07g/t gold from 402.28m; and

WTRCDD204
18.9m at 3.49 per cent zinc, 2.25 per cent lead, 0.19 per cent copper, 145g/t silver and 0.17g/t gold from 348.2m, including 3.7m at 12.21 per cent zinc, 10 per cent lead, 0.89 per cent copper, 673g/t silver and 0.63g/t gold from 348.2m.

Peel Mining said the Wagga Tank-Southern Nights resource definition drilling program had delineated the approximate dimensions of the high-grade mineralisation associated with the Southern Nights Central Zone.

The drilling has also better outlined the broader mineralised structure across the 700 metres of strike at Southern Nights.

“Detailed structural and geochemical studies have recently been completed aiding in the development of the geological model in preparation for the maiden resource being undertaken in June,” Peel Mining said in its ASX announcement.

“This work will also assist with future drilling targeting additional high-grade centres in this large mineralised system.

“Importantly, mineralisation remains open down-dip/plunge and along strike, with the deeper intersections highlighting continuity at depth, typical of Cobar-style deposits.”

 

Email: info@peelmining.com.au

Website: www.peelmining.com.au

 

First Au Pleased with Gimlet Gold Project Drilling

THE DRILL SERGEANT: First Au (ASX: FAU) declared “outstanding” assay results from recent drilling undertaken at the company’s Gimlet project near Kalgoorlie in Western Australia.

First Au claimed the drilling had achieved the best intersection the company had encountered to date at the project.

Assay results from the March diamond drilling program include:

19GDD001
32 metres at 4.9 grams per tonne gold from 93m, including 1m at 20.2g/t gold from 93m and 1m at 40.3g/t gold from 122m; and

19GDD002
23m at 1.73g/t gold from 83m, including 2m at 5g/t gold from 98m and 3m at 5.9g/t gold 109m.

These latest results follow the company’s recent announcement of a Maiden JORC Inferred Resource of 68,731 ounces of gold.

The March 2019 Resource RC drilling program at Gimlet included three diamond holes, two of which intersected hefty gold mineralisation.

The diamond core was gold assayed as well as providing First Au valuable density and geological information which went into the determining the JORC Resource.

The company indicated it will also utilise this core for further petrology, metallurgy and geotechnical studies.

Drillholes 19GDD001 and 19GDD002 were drilled in the central and high-grade core of the 450m-long mineralisation system at Gimlet, which is currently open at depth.

First Au explained that the drillholes were positioned to provide information for a geotechnical study it currently has underway.

Observations from the diamond core showed evidence of sheared and altered intermediate sedimentary volcanic fresh rock, containing lenses, disseminated and stringer of sulphides, as well as multiple phases of quartz and carbonate veinlets.

Pyrite appears to be the dominant sulphide phase, while arsenopyrite and galena have also been identified in the logging.

Hole 19GDD001 demonstrated evidence of coarse gold, such as what the company observed in recent ore petrology completed on aircore hole 18GAC063, completed last year, which contained 3m at 462g/t gold from 52m.

The company has interpreted the mineralised shear appearing near vertical in orientation and has estimated the true thickness of the two intersections to be approximately 10m.

Further RC and diamond drilling will be now planned to follow up these excellent results, including a proposed diamond hole to target 100m below the current limits of the Resource.

“Approximate 5000-metres aircore drilling program, consisting of 77 holes is planned for early June,” First Au said in its ASX announcement.

“The priority target (Target 1) is planned to test the major NW-SE structure north of Gimlet, along a further 1.6 kilometres in strike length.

“The March 2019 RC drilling identified mineralisation within the supergene blanket north of the current JORC Resource, which included 3m at 3.98g/t gold from 48m (hole 19GRC005) and 1m at 2.72g/t gold from 56m (hole 19GRC007) which requires follow up as part of the drilling.

“Target 2 and 3 are co-incident geochemical and structural anomalies identified from a recent target generation exercise in May which will also be tested.

“The results for this dill program are anticipated for July.”

 

Email: info@firstau.com

Website: www.firstau.com

 

Cygnus Gold Encounters High-Grade Gold at Kepler

THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) announced a high-grade gold intersection at the company’s Stanley project in the Wheatbelt of Western Australia.

Cygnus Gold conducted drilling at the Kepler Zone on the Stanley project that encountered a high-grade gold intersection 220 metres along strike from previous high-grade results.

Cygnus explained it had identified the Kepler Zone after reviewing drilling surrounding the high-grade Bottleneck prospect.

Drilling of hole STRC0020 extended mineralisation 220m northwest of previous drillhole STRC0002 that intersected high-grade mineralisation of: 6m at 1.95g/t gold from 81m, including 2m at 5.49g/t gold from 81m.

Mineralisation at Kepler is controlled by a geochemically distinctive metadacitic rock unit only lightly tested by deeper drilling.

In addition to the Kepler Zone, Cygnus also tested the widespread, low-grade mineralisation at McDougall South with six RC holes that intersected more low-grade gold.

“We’re excited that the conceptual target at Kepler has now extended mineralisation 220 metres along strike from STRC0002,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“The intersection in STRC0020 confirmed our interpretation that this mineralised system has potential to deliver high gold grades.

“With this zone only lightly drill tested, we believe there is plenty of scope to deliver a meaningful discovery at Kepler.”

 

Email: info@cygnusgold.com

Website: www.cygnusgold.com

 

Calidus Resources Enhances Warrawoona Exploration Potential

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) announced results from a recent Induced Polarisation (IP) survey carried out at the company’s Warrawoona gold project in the Pilbara of Western Australia.

Calidus Resources said the results highlighted the potential for further growth in the 1.25-million-ounce Resource at Warrawoona, which will further underpin the project’s production profile, mine life and economics.

The IP reconnaissance program highlighted a parallel shear 400 metres south of Klondyke buried at a depth of approximately 60 to 80 metres with similar chargeability signatures to the 1.15 million-ounce Klondyke deposit.

The results of the recent IP program indicated two styles of IP anomalies have now been identified; a Klondyke style and a St George style.

A clear Klondyke style anomaly has been identified over the Highway Shear area, which has never been drill tested.

Given the similarity to the Klondyke anomaly, Calidus considers the Highway Shear anomaly a high-priority target.

There has been no exploration to date along this trend and Calidus geologists are currently field mapping this structure in detail.

Calidus said this reinforced its view that the deposit represents a much larger system than current drilling suggests.

“The IP traverses show a clear correlation between gold mineralisation and IP anomalism and we are excited to further examine the strong Klondyke‐style chargeability anomaly identified over the Highway Shear which has never been drilled,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“As the Highway Shear is located immediately adjacent to the planned two-kilometre‐long open pit and underground being contemplated in the PFS, we will undertake drilling here in Q3 as a priority.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au

 

Tanga Resources Achieves High-Grade Namibian Copper Results

THE DRILL SERGEANT: Tanga Resources (ASX: TRL) identified a new copper zone at the company’s Hagenhof copper project in Namibia.

Tanga Resources’ ongoing exploration has identified the new copper zone located just five kilometres south of the Main Gossan.

Surface sample results from outcropping quartz-gossan breccia at the new target, named P5, have returned up to 5.7 per cent copper and anomalous cobalt.

Tanga claimed this as the latest in a series of encouraging exploration results from Hagenhof, where several copper targets have recently been identified over eight kilometres of ‘Katangan-style’ stratabound copper horizon.

“This new copper target at P5 further highlights the potential for a new copper discovery to be made at Hagenhof,” Tanga Resources CEO Matthew Bowles said in the compahny’s announcement to the Australian Securities Exchange.

“We believe Namibia’s Damara Belt remains underexplored, which is why we have focused our efforts on securing a large land holding on the belt.

“We are excited to be starting the drilling program at Hagenhof in the coming weeks.

“This drilling will test the historical copper results reported at Main Gossan and several new targets we have identified at Jette’s Hill, Copper Cap, Liv’s Hill and now P5.”

Having recently received the Environmental Clearance Certificate (ECC) from the Ministry of Environment and Tourism, the Hagenhof copper project is now fully permitted.

Tanga expects drilling at Hagenhof to start soon, commencing at the Main Gossan and then following up on the targets at Liv’s Hill, Jette’s Hill, Copper Cap and P5.

A ground magnetic survey recently completed over specific areas of Hagenhof highlighted a prominent positive magnetic anomaly at Main Gossan and a larger, prominent circular magnetic anomaly, coinciding with a large interpreted structural dome feature at Liv’s Hill.

This data will assist in refining targets for the upcoming drilling.

 

Email: info@tangaresources.com.au

Website: www.tangaresources.com.au

 

Gold Road Resources Keeps Exploration Drills Spinning

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) reported on diamond and reverse circulation drilling underway across the company’s exploration tenements in Western Australia.

In the Southern Project Area of the company’s 100 per cent-owned Yamarna project a total of eight diamond and 13 RC drill holes were undertaken to support the estimation of a potential Maiden Mineral Resource at Gilmour.

Gold Road reported the program extended its knowledge of mineralisation both along strike and at depth and defined the detail of the geology adjacent to the Waters Fault.

The mineralisation was predictably intersected confirming initial geological interpretations.

Visible gold has been observed in association with a laminated quartz vein in six of the new eight diamond drill hole.

Best intersections returned included:

19WDDD0046
2.06 metres at 12.4 grams per tonne gold from 357.2m;

19WDRC0239
4m at 4.96g/t gold from 199m;

19WDRC00240
7m at 2.2g/t gold from 146m; and

19WDDD0038A
2.78m at 5.25g/t gold from 401.43m.

At the company’s 50 per cent-owned Gruyere Mine Joint Venture a drilling program was commenced to extend the Indicated Resource below the current Ore Reserve pit design, and delineate the limits of mineralisation at the southern end of the Gruyere Porphyry.

Extending the limits of the Indicated Resource will allow for strategic evaluation and mine optimisation applying improvements to modifying factors such as improved pit‐slope angles, operational cost reductions, and gold price.

Commencing these studies now will position the JV to potentially bring forward additional value in the mine plan.

This information will be used in Ore Reserve updates planned for later this year.

Confirmation of the southern limits of economic mineralisation will enable finalisation of infrastructure locations, such as the ROM Pad or waste dumps.

“Our first drilling for 2019 has given us a greater understanding on the geological controls to economic gold mineralisation on the Gilmour and Morello prospects which we are now applying to make further discoveries along the same trend,” Gold Road Resources executive director ‐ exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“At Morello we identified several potential shoots to be assessed with further drilling.

“We are embarking on a new drilling program at Gruyere to allow us to further optimise and increase the near-term value to be delivered from the mine as we edge closer to our initial gold pour and subsequent commercial production.”

 

Email: perth@goldroad.com.au

Website: www.goldroad.com.au

 

Ausgold Identifies New Katanning Gold Targets

THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) scored encouraging results from a reverse circulation (RC) drill program carried out at the company’s 100 per cent-owned Katanning gold project (KGP) in the South West Yilgarn Craton of Western Australia.

Ausgold completed a total of 23 RC holes designed to test mineralisation along strike and also to test potential beyond the current Resource areas, with the aim of adding to the current JORC Resource of 25.1 million tonnes at 1.29 grams per tonne gold for 1.04 million ounces of gold.

The drilling targeted extensions to high-grade mineralisation at Jackson and tested several new areas including the Jinkas North and Lukin prospects.

Drilling at Jackson included 10 RC holes in the southern portion of the Jackson Resource area, with the aim of providing better controls on mineralisation.

Jackson is the western most portion of the current Mineral Resource, with gold mineralisation dipping towards the east and underlying the White Dam and Jinkas lodes.

The latest drilling intersected high-grade mineralisation at shallow depths, returning results of:

BSRC0886
3 metres at 6.55 grams per tonne gold from 13m, including 2m at 9.63g/t gold from 13m;

BSRC0886
4m at 2.09g/t gold from 102m;

BSRC0887
2m at 2.22g/t gold from 65m, including 1m at 3.89g/t gold from 66; and

BSRC0885
1m at 4.36g/t gold from 47m.

Galileo interpreted these results to suggest potential for more extensive high-grade mineralisation recognised within the southern Jackson Resource area.

Further work is currently underway to delineate these high-grade shoots which have already been delineated over a strike length of at least 200m and remain open along strike.

The company completed three reconnaissance RC holes into the Jinkas North area, which extends for 850m between the Jinkas and Olympia Resources areas.

The Jinkas North area has not had any prior drilling and is not included in the current Resource, despite its proximity to two large Resource areas.

The RC drilling intersected the prospective mafic granulite and gold mineralisation, including:

BSRC0894
1m at 2.77g/t gold from 83m.

“The recent RC program has targeted near Resource targets including the Jackson Trend as well as reconnaissance targets at Jinkas North and Lukin,” Ausgold managing director Matthew Greentree said in the company’s announcement to the Australian Securities Exchange.

“The reconnaissance RC drilling has produced encouraging gold grades and intersected mineralisation near to surface suggesting the southern portion of the KGP has the potential to host significant gold mineralisation.

“It remains one of our primary goals to build the KGP mineral inventory, both through near-Resource additions and significant standalone discoveries, which is what we are looking for at Lukin and elsewhere within our extensive regional landholding at Katanning.

“The recent round of reconnaissance RC drilling within the KGP has shown extensive mineralisation strike length.

“This untested potential along the Jinkas trend and at the Jackson and Lukin prospects could deliver material additions to the KGP’s global Resource.

“Further work is being undertaken to better delineate high-grade mineralisation within the Jackson prospect intercepted previously which will have a significant impact on the overall grade of this deposit.

“A program of downhole EM and additional geological modelling is being undertaken to plan future drill programs.”

 

Email: info@ausgoldlimited.com

Website: www.ausgoldlimited.com

 

Galileo Mining Samples High-Grade Copper

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) released surface sampling results from the recently identified Subzero copper prospect at the company’s 100 per cent owned Norseman project in Western Australia.

Galileo Mining retrieved high-grade copper oxide samples with up to 19.9 per cent copper, and multiple iron rich gossan samples up to 1.1 per cent copper from a zone of outcrop centred around historic workings.

The company explained the surface samples were taken from a volcano-sedimentary rock unit that can be traced for over two kilometres and occurs to the west where it is covered by shallow alluvial sediments.

The best samples were taken at the Subzero prospect adjacent to a historic shaft and prospecting pits.

Galileo believes further prospectivity exists to the north and south in the same rock unit over a two-kilometre strike length, and to the west where the same prospective host rock occurs under shallow cover material.

“This is a fantastic result from initial work carried out by the company based on our inhouse prospectivity analysis of mineral potential at Galileo’s Norseman project,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“Our recently completed ultra-detailed magnetic survey has allowed us to undertake a geological interpretation of the area not possible by previous explorers.

“In doing so we have uncovered historic copper prospects that were last looked at in the 1970s

“We will now focus on building up the prospects to drill ready status through the use of modern electromagnetic (EM) surveying methods aimed at identifying significant sub-surface copper mineralisation.”

 

Email: info@galmining.com.au

Website: www.galmining.com.au

 

Musgrave Minerals Extends A-Zone Gold Mineralistation

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) completed a regional aircore scout drilling program to extend the Lake Austin North A-Zone gold target within the company’s Cue project in the Murchison Region of Western Australia.

Musgrave has now extended the A-Zone to a strike of over three kilometres where it is still open to the north and north-west.

The company described the extensive gold regolith ‘halo’ to be following the tonalite-mafic contact along a major shear zone (Lena-Break of Day shear corridor) and continues north beyond the limit of current drilling.

To date, drilling has been limited to approximately 500 metres of this basement target (A-Zone) leaving a large, prospective 2.5km zone that has yet to be tested with basement drilling.

The aim of the aircore program was to obtain geological and geochemical information to integrate with geophysical data to provide vectors to focus basement drilling.

Musgrave claimed the latest results to include the thickest regolith gold intercept it has encountered at Lake Austin, of:

19MOAC173
50 metres at 1.1 grams per tonne gold from 114m down hole.

Other results include:

19MOAC172
28m at 1.17g/t gold from 114m down hole;

19MOAC109
7m at 1.06g/t gold from 129m down hole;

19MOAC094
5m at 1.89g/t gold from 70m down hole;

19MOAC088
15m at 0.52g/t gold from 72m down hole;

19MOAC087
9m at 0.54g/t gold from 105m down hole to EOH;

19MOAC067
7m at 0.47g/t gold from 124m down hole;

19MOAC169
24m at 0.21g/t gold from 114m to EOH;

19MOAC174
41m at 0.13g/t gold from 116m down hole to EOH; and

19MOAC065
11m at 0.31g/t gold from 106m.

“These aircore results continue to show the large size of the gold system at Lake Austin North and support the company’s view on the prospectivity of this new undercover gold system,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The A-Zone gold anomaly now extends for over three kilometres in strike with additional new targets totalling approximately eight kilometres of combined basement strike in the Lake Austin North area.

Only approximately 500 metres of this strike has seen any basement drilling which equates to approximately six per cent of the target area.

“The upside is huge.

“These results reinforce the significant potential to grow the gold resource base on the Cue project.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au