ABx Group Expands High-grade REE Zone at Rubble Mound

THE DRILL SERGEANT: ABx Group (ASX: ABX) informed punters of announce high-grade rare-earth elements (REE) results from the company’s Deep Leads / Rubble Mound project in Tasmania.

Abx Group recently completed a drilling campaign at Rubble Mound, which enlarged the extent of the Rubble Mound high-grade REE zone within the extensive 52 million tonne Deep Leads-Rubble Mound resource the company released in November last year.

The drilling has also expanded the real extent of the REE mineralisation with the latest drill results again displaying the two rare earths with the most critical supply risk, being dysprosium (Dy) and terbium (Tb) exceeding 4.5 per cent of total rare earth oxides (TREO). Grades of thorium and uranium are also very low.

The company boasted the remains the highest proportion of Dy and Tb of any clay-hosted rare earths resource in Australia, and is very high in global terms.

“It is exciting to see that our exploration program continues to produce outstanding results,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“A focus of the recent drilling campaign was to expand the Rubble Mound high-grade zone within the existing resource, and this has been achieved.

“A distinctive feature of the ABx deposits is the high proportion of Dy and Tb, and the recent results confirm this pattern.

“We look forward to providing the remainer of the assay results from this drilling campaign, and a resource update, which will include Wind Break for the first time.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Tennant Minerals Drilling to Test Expanded Bluebird Footprint

THE DRILL SERGEANT: Tennant Minerals (ASX: TMS) has preparations underway for its next drilling phase at the high-grade Bluebird copper-gold discovery within the company’s 100 per cent-owned Barkly project on the outskirts of Tennant Creek in the Northern Territory.

Tennant Minerals plans testing of multiple targets within an expanded 2.5 kilometres strike-length mineralised footprint, including the Perseverance target – 2km west of Bluebird.

Bluebird is one of multiple copper-gold targets within a five kilometres footprint at the Barkly project.

The new drilling phase will aim to extend the Bluebird discovery and define high-grade copper-gold mineralisation from near surface to over 400m depth and more than 800m strike-length, with the aim of defining a maiden Mineral Resource that will be sufficient to support a stand-alone mining and processing operation at Bluebird.

“After the significant progress made at the Bluebird copper-gold discovery in 2023, our geological team is looking forward to launching our next drilling campaign as soon as the rainy season ends in Tennant Creek in the Northern Territory,” Tennant Minerals CEO Vincent Algar said in the company’s ASX announcement.

“The Tennant Creek Mineral Field, which historically produced more than 5.5 million ounces of gold and 700,000 tonnes of copper, is enjoying a resurgence of interest with multiple companies active in the area, primarily due to renewed investor interest in copper and gold and the high potential for new discoveries.

“Our recent exceptional intersection of copper with gold in hole BBDD0045 of 61.8 metres at 2.3 per cent copper and 0.4 grams per tonne gold, has extended and confirmed the continuity of the high-grade massive copper sulphide zone at Bluebird.

“The new drilling program will continue to extend the existing high-grade mineralised footprint and work towards defining a maiden Mineral Resource.

“We will also be testing new targets within the expanded 2.5 kilometres ironstone corridor which now extends from Bluebird East to Perseverance, some two kilometres west of the Bluebird discovery.

“A review of historical results at Perseverance has identified high-grade gold drilling intersections of up to 50 grams per tonne gold and 43.2 grams per tonne gold over three metres, and 42 metres of mineralised ironstone with grades of up to 8.5 grams per tonne gold.

“This has reinforced our confidence that the Perseverance-Bluebird corridor could host multiple high-grade copper and gold discoveries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Sunshine Metals to Commence Drilling at Liontown Gap Zone Feeder

THE DRILL SERGEANT: Sunshine Metals (ASX: SHN) is back out drilling at the Liontown prospect near Charters Towers and part of the company’s Ravenswood Consolidated project in North Queensland.

Sunshine Metals is conducting the program targeting footwall extensions of the pumice breccia horizon east of the Main Feeder Zone and into the approx. 400 metres long Gap Zone.

Previous drilling by Sunshine Metals confirmed high-grade gold in the 1.6 kilometres Liontown footwall proximal to interpreted feeder fault zones.

The current program is to consist of nine RC/diamond holes covering approx. 250m of strike in the long Gap Zone, including around the Gap Zone Feeder.

“This exciting program steps east into the prospective approx. 400 metres long, under-drilled Gap Zone,” Sunshine Metals managing director Dr Damien Keys said in the company’s ASX announcement.

“This program will assess extensions to the high-grade, pumice breccia horizon that hosts intersections including 17m at 22.1 grams per tonne gold (23LTRC002), 8.1m at 10.7 grams per tonne gold (LTDD22055) and 8m at 11.7 grams per tonne gold (LLRC184).

“Even with sparse non-gold focussed historic drilling, the Gap Zone has already demonstrated its likely potential with intersections including 1.75m at 16.4 grams per tonne gold and 6.3 per cent copper (LLTD18012) and 6.4m at 3.2 grams per tonne gold (LLTD18012).

“The 1.6 kilometres gold-copper rich footwall at Liontown was last a focus when it was mined in the early 1900s.

“We are rapidly increasing our understanding of the footwall with every hole and are excited about this long overdue extensional program.”

Downhole EM surveys will follow drilling, guiding future deeper Gap Zone drilling.

The company is still awaiting assays for it Liontown RC drilling program completed in February 2024.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Codrus Minerals Completes Loupe EM Survey at Karloning REE Project

THE DRILL SERGEANT: Codrus Minerals (ASX CDR) recently completed an extensive Loupe Electromagnetic (EM) survey across a healthy portion of the company’s highly prospective Karloning clay-hosted rare earth elements (REE) project in the Wheatbelt region of Western Australia.

Codrus Minerals concentrated the survey on areas where previous drilling at Karloning had intersected mineralisation in both clays and saprock, including a standout intercept of:

KGAC054
29 metres at 5,915ppm total rare earths yttrium oxides (TREYO) from 12m, including 4m at 12,366pmm (1.2%) TREYO from 24m.

The company said it is using the information obtained from the geophysical survey to identify areas with a potentially well-developed clay profile over the underlying crystalline granite basement – which it considers represent priority areas for targeting further high-grade REE mineralisation.

Codrus highlighted these areas to represent key targets for zones of enriched REEs and low-cost air-core drilling (AC) will be planned to target these horizons.

It anticipates this will assist to substantially expand the scale and potential of what it sees as an emerging new clay-hosted REE discovery at Karloning.

“The data from this extensive Loupe EM survey has vindicated our decision to substantially increase our exploration footprint at the Karloning REE project,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“The survey was specifically designed to improve our ability to identify areas with a well-developed clay profile over the underlying granite basement, narrowing down the search space to areas that offer the best potential for more high-grade discoveries.

“Initial interpretation of the data indicates multiple areas where there is potential for high-grade mineralisation.

“The data will help to refine drill targeting, reduce the overall amount of drilling we need to do, and focus our efforts on areas where we expect to generate the best possible return for our shareholders.

“One of the key takeaways for investors is that our drilling to date covers just six per cent of our recently expanded landholding and the mineralisation to the north remains completely open.

“The next phase of exploration will help us to expand our exploration horizons significantly and unlock the full potential of this exciting discovery for our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Antipa Minerals Confirms GEO-01 Mineralisation and Identifies New Minyari Dome Targets

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from a Phase 2 CY2023 air core drill program completed at the company’s 100 per cent-owned Minyari Dome gold-copper project in the Paterson Province of Western Australia.

Antipa Minerals’ Phase 2 exploration drilling program at Minyari Dome encompassed a total of 178 holes of reverse circulation (RC), diamond core and air core drilling.

The expanded Phase 2 air core drill program consisted of 150 drill holes, which increased the company’s systematic coverage to a 1.6 square kilometres area surrounding the GEO-01 discovery and extended to within 300m of the Minyari deposit.

Results confirm a GEO-01 gold mineralisation footprint increase from 600 to 700m.

Air core gold anomaly extended a further 100m to the southeast:

23MYA0205
1 metre at 4.3 grams per tonne gold from 10m down hole to end-of-hole; and

Infill air core holes intersected significant mineralisation in the southeast, including:

23MYA0161
5m at 1.2g/t gold and 0.08 per cent copper from 12m down hole to end of hole.

Three new gold targets were also identified from very broad spaced air core drill holes.

The Rizzo target, located 370m southwest of the GEO-01 deposit, the T12 target, located 10km northwest of the Minyari deposit, and the WACA East target, located 230m east of WACA and 300m south of Minyari South.

“Our expanded Phase 2 CY2023 air core drill program was designed with the dual purpose of further interrogating the GEO-01 discovery area whilst simultaneously targeting new greenfield discoveries,” Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“We are pleased to report that the air core results released today demonstrate the GEO-01 gold mineralised footprint has increased to 700m, with a number of significant, very near surface, gold intersections returned.

“At the same time, results from air core drilling into anomalies near to the Minyari Deposit have successfully produced three new gold targets, which in many cases have returned mineralisation down to the end-of-hole.

“When combined with the results recently released from Phase 3 CY2023 RC and diamond drilling, we are very excited with the outcomes and look forward to upcoming growth and discovery drilling across our Minyari Dome and at our three high-potential Pacman targets.”

 

 

 

 

Venture Minerals hits High NdPR at Jupiter Deposit

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has received the second batch of assay results from a recently completed Stage One Resource definition drill program at the company’s Brothers project, located in the Mid-West region of Western Australia.

Venture Minerals conducted the drilling at the large-scale, clay hosted Jupiter rare earths elements (REE) Jupiter prospect, which encountered the best intersection to date of the critical rare earth elements Neodymium (Nd) and Praseodymium (Pr) at the prospect.

The latest assay results from the drilling completed late last year have delivered further consistent high-grade zones (+2,000ppm TREO) over 20-30 metres widths, within broader zones up to 72m grading well over 1,000ppm TREO with thorium and uranium levels remaining consistently extremely low.

The company said the results continue to validate geophysics and cover only a small portion of the 40 square kilometres Jupiter target.

Included in this second batch of assay results is a record intersection of:

BRRC061
9 metres at 5020ppm total rare earth oxides (TREO) from 22m, including 4m at 9550ppm TREO from 24m.

“Jupiter continues to deliver broad zones of high-grade mineralisation with standout levels of REE minerals that are in high demand,” Venture Minerals managing director Andrew Radonjic said I the company’s ASX announcement.

“The record intersection of over 5,000ppm of NdPr oxides in these results compliments the previous batch of very-high grade results.

“Neodymium and Praseodymium are vital to the manufacture of permanent magnets for decarbonisation and defence applications.

“The scale, high-grade nature of the results and prime location of the project provide all the necessary ingredients to position Jupiter as a Major, Rare Earths discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

TG Metals Encounters Further High-Grade Lithium at Burmeister

THE DRILL SERGEANT: TG Metals (ASX: TG6) has continued to hit high-grade lithium while drilling at the Burmeister prospect at the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

TG Metals’ latest drill campaign consisted reverse circulation (RC) and diamond core drilling at the Burmeister lithium discovery.

Results from the diamond drilling were reported in February and now final assays have been received from the RC program, which the company said had continued to confirm intersections of spodumene bearing pegmatites with high lithium oxide Li2O grades and widths up to 20 metres.

Better results from the RC drilling include:

20 metres at 1.38 per cent Li2O from 120m, including 1m at 2.04 per cent Li2O from 124m and 1m at 2.02 per cent Li2O from 135m;

20m at 1.13 per cent Li2O from 129m, including 1m at 2.71 per cent Li2O from 133m and 1m at 2.47 per cent Li2O from 146m; and

5m at 1.61 per cent Li2O from 56m, and 2m at 0.97 per cent Li2O from 144m and 2m at 2.17 per cent Li2O from 167m, including 1m at 3.09 per cent Li2O from 167m.

“These RC drilling results continue to add thick, high grade lithium mineralisation to the previously reported diamond drill results at Burmeister,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“It is pleasing that this program has confirmed the continuity of these pegmatites up dip and the mineralisation remains open.

“The next phase drilling at Burmeister is to infill to a closer spaced pattern as we progress to defining a maiden resource, which will demonstrate the scale and quality of the Burmeister spodumene pegmatites.

“In the meantime, we are ensuring all the approvals are completed at several other high priority drill targets both at Jaegermeister and further south along the greenstone belt at Tay.

“We feel there is a real opportunity to make further discoveries as we progressively test the 50 kilometres of greenstone belt within our project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Resumes REE Drilling at Destiny Project

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has drilling underway at the company’s 100 per cent-owned rare earth element (REE) Destiny project in the Eastern Goldfields region of Western Australia.

St George Mining’s first drill program at Destiny in December 2023 made a breakthrough discovery of clay-hosted REE with the wide-spaced drilling intersecting high-grade total rare earth oxides (TREO).

Drilling now underway is aiming to further define the near-surface high-grade zones of TREO encountered by the previous campaign.

A minimum of 26 air core drill holes are planned, from which laboratory assays are expected within approximately six weeks of the completion of drilling.

“We are excited to be drilling again at the Destiny project with a clear target to further scope out the extent of the high-grade REE mineralisation we discovered just a few months ago,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The potential scale of Destiny is impressive with mineralisation already confirmed along a 7km-stretch of the Ida Fault zone, with a further 70km of prospective geology exposure within the project yet to be drill-tested.

“The mineralisation contains a high proportion of magnetic rare earths – which are highly sought after for application in clean energy solutions – to add to the attractiveness of the project.

“Work is also underway to investigate newly identified large, circular magnetic features at Destiny.

“These are located proximal to the Ida Fault, a regional-scale crustal shear zone that could have acted as the conduit for late-stage intrusions like carbonatites.

“We look forward to reporting exploration results, including from this follow-up drill program and assays from the just-completed augur campaign, in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Fenix Resources Completes First Iron Ore shipment from Twin Peaks

THE DRILL SERGEANT: Fenix Resources (ASX: FEX) has hauled, loaded and shipped the first lump iron ore product from the Twin Peaks direct shipping iron ore project near Geraldton in Western Australia.

Fenix Resources executed an Ore Purchase Agreement with 10M Pty Ltd in November 2023 granting Fenix the right to purchase 500,000 tonnes of high-grade ore from Twin Peaks.

The first Twin Peaks shipment contained 59,275 tonnes of +60 per cent iron Fenix TP Lump DSO.

Fenix expects to complete the haulage, storing, loading, shipment and marketing of the 500,000 tonnes of Twin Peaks iron ore covered by the Ore Purchase Agreement during 2024.

“Fenix is delighted to have created a second production source for the company in the Mid-West,” Fenix Resources executive chairman John Welborn said in the company’s ASX announcement.

“Our partnership with 10M Pty Ltd has supported their transition from explorer to producer and is unlocking value for both companies as well as growing the Mid-West economy.

“Fenix’s unique integrated mining, logistics and port services businesses provides an exciting platform for growth for both the company and the many projects in the region seeking to advance to production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Future Battery Minerals Delivers Large-Scale Nevada Strike Extension

THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) received assay results from RC drilling carried out at the company’s 80 per cent-owned Nevada lithium project (NLP) in Nevada, U.S.

Future Battery Minerals completed the RC drilling as part of a Phase 3 Mineral Resource drilling program at the Nevada lithium project.

The RC component of Phase 3 Mineral Resource drilling comprised six holes designed to test a potential southern strike extension of the shallow Lone Mountain deposit.

Drilling also tested for higher-grade zones (+1,000 ppm Li) within the shallow claystone.

Assays returned for these holes included:

LM-001
128 metres at 770 ppm lithium from 37m, including 23m at 1,106 ppm lithium from 131m;

LM-002
98m at 478 ppm lithium from 35m, including 14m at 1,010 ppm lithium from 105m;

LM-003
88m at 553 ppm lithium from 44m, including 9m at 1,000 ppm lithium from 102m; and

LM-004
130m at 706 ppm lithium from 35m, including 37m at 1,001 ppm lithium from 117m.

“Our Phase 3 drill program at the NLP has been a huge success,” Future Battery Metals managing director and CEO Nick Rathjen said in the company’s ASX announcement.

“The RC assay results released today demonstrate an approximate 130 per cent extension of the known strike of the Lone Mountain mineralisation, which now sits at over three kilometres (north-south).

“When coupled with the results from the diamond drilling component of Phase 3, which significantly extended the depth of the high-grade mineralisation (and which remains open at depth), it is evident as to why we are so pleased with the outcomes from this phase of drilling.

“All Phase 3 assay results are now with our geological partner in Nevada, Stantec Consulting, which is on track to deliver the targeted maiden Mineral Resource Estimate declaration for the NLP this month.

“We look forward to reaching this milestone and demonstrating the scale and opportunity that exists at the NLP, particularly given the broader regional context in which it is located.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE