Golden Mile Resources Meets Gateway Mining Gidgee Farm-in Conditions

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) announced a clear path for exploration activities to commence at the Gidgee project in the North-Eastern Goldfields of Western Australia.

Golden Mile Resources has been granted approvals providing clear access to further exploration at the Gidgee project.

The approvals mean the company has now met the conditions required to activate the operative provisions of the Gidgee Farm-in Agreement with Gateway Mining (ASX: GML), giving Gateway the right to acquire up to an 80 per cent interest in the Gidgee project.

“This is a long-awaited development for both companies and now with the farm-in agreement operating we look forward to Gateway progressing exploration on this significant landholding in the highly prospective Gum Creek Belt after several years without any significant activity,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Gidgee is prospective for both gold and base metal mineralisation and Golden Mile retains a 20 per cent interest allowing our shareholders to benefit from any exploration upside and success.

“This farm-in is consistent with Golden Mile’s strategy to concentrate resources on our core assets, specifically at Yarrambee and Yuinmery, where drilling programs are planned to commence over the coming months, and where we aim to create additional shareholder value.”








DevEx Ramps-up Nabarlek Uranium Project Exploration

THE DRILL SERGEANT: DevEx Resources (ASX: DEV) has commenced a multi-pronged exploration program across the company’s Nabarlek uranium project, located in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory.

DevEx Resources talked up the Alligator Rivers Uranium Province, saying it is considered amongst the world’s most prospective for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits.

DevEx recently carried out a comprehensive technical review of historical pre- and post-mine exploration data covering the Nabarlek project area, from which it has identified several exploration opportunities for uranium, copper and gold mineralisation.

The company explained the new exploration campaign will systematically test an extensive suite of targets it has identified from a project-wide technical review that commenced earlier this year in response to the improving outlook for the global uranium sector.

The new targets surround the historic high-grade Nabarlek uranium mine (past production: 24Mlbs at 1.8 per cent uranium) within the company’s granted Nabarlek Mining Lease and surrounding exploration tenements.

“Some months ago, we commissioned a project-wide technical review to re-evaluate the potential of Nabarlek and the surrounding tenure,”

“This has led us to revisit one of the company’s foundation assets, which comprises a dominant footprint in the heart of one of the world’s most endowed uranium provinces.

“We have been fortunate to inherit a treasure trove of data surrounding this significant historical uranium mine site.

“Our compilation and subsequent review demonstrates a wide range of exploration targets supported by numerous occurrences of uranium mineralisation throughout the project.

“Nabarlek is not a one-prospect project, it is an extensive piece of uranium-copper-gold real estate within a Tier-1 uranium province.

“We look forward to getting back on this exciting ground for a new round of exploration.”








Yandal Resources Continues Gordons Gold Project Drilling Success

THE DRILL SERGEANT: Yandal Resources (ASX: YRL) remains confident of new gold discoveries being made at multiple prospects at the company’s 100 per cent-owned Gordons gold project near Kalgoorlie in Western Australia.

Yandal Resources reported reconnaissance RC and Air-core drilling results from across the project it believes supports its confidence, including:

Star of Gordon Prospect – RC drilling

10 metres at 8.4 grams per tonne gold from 43m, including 1m at 52.5g/t gold – located directly down dip from previously reported RC intercepts.

Malone Prospect – RC drilling

8m at 1.3g/t gold from 88m, including 2m at 2g/t gold;

8m at 0.8g/t gold from 144m, including 1m at 4.6g/t gold; and

20m at 0.6g/t gold from 92m and 4m at 0.6g/t gold from 140m to end-of-hole (4m composite assay).

Malone Prospect – Air-core drilling

7m at 0.3g/t gold from 37m, including 1m at 0.9g/t gold; and

6m at 0.8g/t gold from 43m, including 1m at 4.1g/t gold, and 4m at 2.3g/t gold from 53m, including 1m at 8.8g/t gold.

Bradman Prospect – RC drilling

32m at 0.2g/t gold from 80m, 12m at 2.2g/t gold from 256m, including 4m at 5.2g/t gold and 4m at 1.8g/t gold from 284m (4m composite assay).

The Cleft Prospect – RC drilling

2m at 14.4g/t gold from 88m including 1m at 24.3g/t gold; and

1m at 2.7g/t gold from 142m.

“RC drilling is continuing at the Gordons Dam and Star of Gordons prospects until numerous Aircore, RC and diamond drilling results are received from the Malone, Andrews and Bradman prospects in order to evaluate and prioritise new drilling targets,” Yandal Resources said in its ASX announcement.









Horizon Minerals Updates Kalpini Minerals Resource

THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) released an updated Mineral Resource Estimate (MRE) for the company’s Kalpini gold project, northeast of Kalgoorlie-Boulder in Western Australia.

Horizon Minerals explained Kalpini to be one of six core open pit and underground satellite gold projects being advanced to complement the company’s baseload Boorara gold project as part of a consolidated Feasibility Study to deliver a minimum five-year initial mine plan and underpin the establishment of a stand-alone centralised processing facility at the Boorara mine site.

The updated Mineral Resource Estimate (after depletion) now stands at 1.87 million tonnes at 2.33 grams per tonne gold for 139,000 ounces at a 0.8g/t gold lower cut-off grade and follows infill, extension and validation drilling completed at the Kalpini gold project that demonstrated both open pit and underground potential with width and grade continuity and mineralisation open along strike and at depth.

“Kalpini was acquired late in 2020 for $2.75 million and it is very encouraging to see excellent drilling results enabling an improved JORC 2012 Mineral Resource estimate with significant open pit and underground growth potential,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to completing the mine optimisation and design studies for Ore Reserve generation as part of the consolidated Feasibility Study.”









Eagle Mountain Mining Highlights Talon Zone Potential at Oracle Ridge

THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported on recent activites at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain Mining received assays for three drill holes recently carried out at The Talon Zone.

Very thick mineralised interval was encountered in WT-21-31, including five high-grade zones:

91.5m fully diluted at 1.37 per cent copper, 10.86 grams per tonne silver and 0.38g/t gold, including 9.7m at 3.39 per cent copper, 29.65g/t silver and 0.67g/t gold, and
11.7m at 1.9 per cent copper, 15.22g/t silver and 0.52 g/t gold, and
14.8m at 1.62 per cent copper, 11.93g/t silver and 0.53g/t gold, and
8.7m at 2 per cent copper, 15.2g/t silver and 0.4g/t gold, and
8m at 1.9 per cent copper, 13.92g/t silver and 0.85g/t gold.

High-grade intersections were also encountered in drill hole WT-21-32 (previously reported as visual observation):

28.9m at 2.34 per cent copper, 21.95g/t silver and 0.37g/t gold, including 13.2m at 3.53 per cent copper, 33.89g/t silver and 0.54g/t gold, and
1.4m at 9.99 per cent copper, 147g/t silver, 2.83g/t gold.

“What a week for the Western Talon!” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“WT-21-32 has delivered the best assayed intersection of our resource expansion program so far.

“While we were assessing the significance of these strong results, hole WT-21-31 presented a very thick mineralised interval in the southernmost hole we have drilled at Oracle Ridge.

“The five high-grade zones within this intercept are individually significant in their own right; the fact that they occur in the same hole make for yet a further exciting result.

“The results from drill holes WT-21-32 and WT-21-31 justify our belief in the exploration potential of The Talon zone.

“Recent drilling has provided great insight into the geology of The Talon and suggests a potential strike length of over 500 metres.

“Mineralisation outside of this strike extent remains open within the magnetic geophysical anomaly which defines The Talon.

“We are eagerly continuing to drill this area as we are now driven by a new geological model.

“We are also planning additional drill pads and access roads to reach further to the south and southeast tip of The Talon.

“Twelve months ago, we had just commenced drilling at Oracle Ridge with one rig on a 20 days on, 10 days off roster and a small team.

“Today we have three rigs drilling full time, a large and motivated team and some outstanding results to celebrate with our shareholders following our first year of drilling at Oracle Ridge.”

Eagle Mountain also announced completion of a $16 million raising, funds from which will be used to advance Oracle Ridge.

“We are delighted with the level of support received from prominent institutional and sophisticated investors as well as welcoming new shareholders to the Eagle Mountain share register,” Mason said.

“We would like to thank existing shareholders for their continued support in the Placement.

“In particular, I wish to thank our managing director, Charlie Bass, who continues to financially support the company, testament to his ongoing confidence in the Oracle Ridge project.

“The Placement was very well supported with demand significantly exceeding the funds being sought.”








Elementos Extends New Oropesa Tin Zone

THE DRILL SERGEANT: Elementos Limited (ASX: ELT) reported a high-grade tin assay result from a recent diamond drill hole undertaken at the company’s 100 per cent-owned Oropesa tin project in Spain.

Elementos declared the result had added to the company’s confidence in the ability to grow the Oropesa tin resource at a time when global tin prices at all-time highs on both the London and Shanghai exchanges.

The company claimed Hole ADD_23 confirmed the high-grade extension of a recently reported shallow tin mineralisation zone.

Results from ADD_23 include (cut-off grade of 0.1 per cent tin):

18.7 metres at 0.55 per cent tin from 29.2m, including 6m at 1.1 per cent tin from 41.9m, 1m at 0.31 per cent tin from 74.5m, and 3.2m at 0.18 per cent tin from 21m.

“This final assay confirms further extension of the significant zone of shallow tin mineralisation recently identified at the project,” Elementos CEO Joe David said in the company’s ASX announcement.

“This assay result is significant in both its thickness and its high grade.

“This shallow tin zone will likely play a critical role in the re-definition of the updated Mineral Resource Estimate which is on track to be completed at the end of October 2021.

“The company is pleased to bring the data collection phase of the Mineral Resource Estimate to a close, completing a very successful program.

“This updated Mineral Resource Estimate, when completed, will set the foundations for a very robust European tin project.

“This mineralisation will underpin an updated mine plan, which in turn will underpin the economics of the project.

“The global spot tin price is currently at all-time-highs and if it remains elevated, this will likely materially change the economics of our project.

“The current tin price combined with an updated Mineral Resource Estimate has the company very excited about the path forward for our shareholders moving into our Definitive Feasibility Study for Oropesa.”








Cyprium Metals Drills Nifty East Extensions

THE DRILL SERGEANT: Cyprium Metals (ASX: CYM) reported assay results from an 18-hole RC drilling program completed at the company’s Nifty copper mine in the north-eastern Pilbara region of Western Australia.

Cyprium Metals carried out the Nifty East extensional drilling program targeting areas of potential oxide/transitional mineralisation extending east of the Nifty open pit.

Widths of copper mineralisation intersected, include:

21m at 0.45 per cent copper from 122m, including 5m at 1.28 per cent copper from 124m;

3m at 0.62 per cent copper from 157m, including 1m at 1.22 per cent copper from 158m and 5m at 0.39 per cent copper from 166m;

10m at 0.37 per cent copper from 176m; and

13m at 0.55 per cent copper from 77m, including 2m at 2.06 per cent copper from 80m.

“The first phase of drilling at Nifty East has firmed up our understanding of the copper mineralisation extending from the former Nifty open pit and clearly demonstrates excellent potential to grow the existing resource further east,” Cyprium Metals executive director Barry Cahill said n the company’s ASX announcement.

“Follow-up drilling is currently being planned and we look forward to updating the market on the results from the extensional drilling to the west of the Nifty pit.”









Hammer Metals Extends Copper/Gold Mineralisation at Trafalgar

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) provided an update on recent activity at the company’s Mt Isa East Joint Venture with Sumitomo Metal Mining Oceania.

Hammer Metals reported a restricted drilling program at the Trafalgar deposit has confirmed extension of mineralisation to the north with new zones of mineralisation to the west of the deposit.

Intercepts include:

16m at 0.88 per cent copper and 0.34 grams per tonne gold from 192m, including 9m at 1.28 per cent copper and 0.5g/t gold from 195m;

19m at 0.70 per cent copper and 0.17g/t gold from 117m, including 6m at 1.58 per cent copper and 0.38g/t gold from 126m; and

35m at 0.42 per cent copper and 0.07g/t gold from 175m, including 6m at 1.15 per cent copper and 0.2g/t gold from 185m.

Hamer also completed detailed geological mapping along the Trafalgar trend that identified the presence of an extensive red rock-magnetite alteration zone spanning the central mineralised trend and extends along strike for 2.7 kilometres.

The company also reported the completion of the transfer of the Joint Venture between Japan Oil, Gas and Metals National Corporation (JOGMEC) and Sumitomo Metal Mining Oceania.

“With a limited budget and work program in place during the transfer of the Mount Isa East Joint Venture to SMMO, drilling has successfully extended mineralisation to the north of Trafalgar with new zones of mineralisation being identified to the west,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Following the recent completion of the transfer of the JV, Hammer has now recommenced an aggressive exploration program pursuing mineralised zones along the four-kilometre trend at Trafalgar and elsewhere within the JV area.

“Several exciting targets remain to be tested with targeting being refined in the coming weeks with detailed geophysical and geochemical surveys.

“We continue to see long delays associated with laboratory turnaround times, with results still pending from Hammer’s drilling at its 100 per cent-owned prospects at Overlander, Serendipity, Kalman West and follow up drilling at Lakeview.”








Breaker Resources Takes Bombora Bigger and Deeper

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) reported further high-grade drill intercepts from the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Breaker Resources said the results extend the Bombora deposit to the north and south, and demonstrate high-grade growth potential in several lode types within the ore system.

Diamond drilling at the Tura lode returned multiple high-grade intercepts, including:

8.3 metres at 16.8 grams per tonne gold from 310m (estimated true width of 5m).

A further follow-up drill hole BBDD0129, drilled 80m to the south intersected more visible gold, for which assays are pending.

The results extend the down-plunge extent of high-grade Tura lode mineralisation to 800 metres.

Other diamond drilling extended the flat-dipping North lode array a further 80m to the north with more high-grade intercepts, including:

6.45m at 8.8g/t gold from 760.1m (estimated true width of 5.5m).

This array of stacked lodes now has a continuous down-dip strike of 2.2 kilometres and remains open.

Step-out RC drilling extended Bombora a further 250m south with good intercepts returned from the west-dipping Quarries lode such as:

3m at 6.82g/t gold from 153m (estimated true width of 3m).

The Bombora deposit is now 3.7 kilometres long, and the Quarries fault can be traced over a 3.5km strike that extends from Bombora South into the partially drilled Carbineer area.

“Our three rigs (2 diamond and one RC) continue to deliver fabulous results expanding on the overall Bombora ore system,” Breaker Resources managing director Tom Sanders said in the company’s ASX announcement.

“Significantly, as we have drilled deeper, we have outlined a number of continuous high-grade ore shoots throughout the system.

“The steep-dipping Tura lode is shaping as a bonanza grade ore shoot, whilst the stacked, flat-dipping North lode array to the north also returned excellent high-grade intercepts over good widths, with this system now extending over 2.2 kilometres.

“Each area shows the right metrics for underground mining, and drilling continues to trace the high-grade shoots down-plunge on 80m step-outs in each area.

“The game has changed for us, not only does Bombora have the metrics to become a large open pit mine, we are now seeing the grade and continuity to allow a transition into underground mining.

“Our drilling continues, and our confidence in the continuity and magnitude of the ore system has made a giant leap.”







Predictive Discovery Records High-Impact AC Drill Results

THE BOURSE WHISPERER: Predictive Discovery (ASX: PDI) reported high impact air-core (AC) drill results from within 1.5 kilometres of the company’s NE Bankan deposit in Guinea.

Predictive Discovery conducted the AC drilling to follow up a series of regional gold auger anomalies to the south and west of NE Bankan.

The drilling returned initial results including:

16 metres at 2.3 grams per tonne gold from surface, including 2m at 7.5g/t gold from 2m, and 28m at 12.1g/t gold from 22m, including 6m at 48g/t gold from 26m, and 2m at +100g/t gold;

8m at 3.3g/t gold from 6m, including 2m at 10g/t gold;

4m at 4g/t gold from 16m, including 2m at 7.2g/t gold; and

12m at 1.8g/t gold from 32m.

Predictive has just commenced this AC drilling program with 16 holes now reported.

The company is systematically testing multiple promising targets identified previously by regional auger drilling and structural analysis of aeromagnetic data.

“These shallow, high-grade results are a great start to our regional AC program and confirm the potential for discovering new zones of gold mineralisation very close to NE Bankan,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“Importantly, some of the new AC drill results also suggest that transported material may have been too deep in places for the auger to drill through it, opening up the possibility that some of the new mineralised zones reported here may extend significantly along strike in follow-up AC drilling.

“Our approach to exploration on the Bankan project has been methodical, starting with power auger grid drilling and/or surface geochemical sampling and following up plus 0.25 grams per tonne gold anomalies with AC drilling.

“This approach successfully led to the NE Bankan and Bankan Creek discoveries.

“With both deposits now the focus of resource studies and systematic extensional drilling, we have returned to AC scout drilling across the permit area with immediate success.

“These results are further evidence that we are just at the beginning of the Bankan discovery story with a lot more gold to find across the full project area.”