Corazon Mining Drilling Domestically at Mt Gilmore in NSW

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has temporarily shifted its focus domestically as it waits for drilling conditions to improve at the company’s Lynne Lake project in Canada.

Corazon Mining announced the commencement of drilling at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales.

The drilling will target the priority eight kilometres-long Gordonbrook Hill – May Queen copper-cobalt-silver-gold anomaly, within the greater 20km long Mt Gilmore Trend.

This is the opening drill program for the Gordonbrook Hill target and comprises two core holes for a total of 900 metres, designed to test the area near the Gordonbrook Hill mineralised porphyry, identified by Corazon in 2020.

This porphyry intrusion is mapped at surface over approximately 300 metres and is semi-parallel with the strike of a well-defined geophysical anomaly (an Induced Polarisation chargeability-high corridor).

The company believes these coincident geochemical and geophysical features represent a genuine mineralised porphyry target, kilometres in scale, making Gordonbrook Hill the priority target at Mt Gilmore.

“We are excited about the very first drill holes into the high priority Gordonbrook Hill target at Mt Gilmore,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“The drilling will test new concepts, targeting one area of what looks to be a very large mineralised hydrothermal system.”

This current phase of drilling is expected to be completed over the next two months, with results released as they become available.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Eagle Mountain Mining Continues High-Grade Hits at Oracle Ridge

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

Recent drilling by Eagle Mountain Mining had produced positive results from The Talon target.

The first hole to be completed targeting the western part of The Talon target, WT-21-15, intersected three strongly mineralised zones, returning results of:

10.6 metres at 2.1 per cent copper, 16.92 grams per tonne silver and 0.58g/t gold from 231m;

6.6m at 1.29 per cent copper, 8.54g/t silver and 0.1g/t gold from 275.4; and

21.2m at 1.33 per cent copper, 12.53g/t silver and 0.22g/t gold from 297.7, including 7.5m at 1.62 per cent copper, 17.09g/t silver and 0.36g/t gold from 303.5m

Hole WT-21-12 also intersected high-grade mineralisation, returning a best intersection of:

5.7m at 4.44 per cent copper, 44.87g/t silver and 0.93g/t gold, including 3m at 6.8 per cent copper, 66.7g/t silver and 1.5g/t gold.

This hole was drilled in the eastern Talon area, targeting the Leatherwood-Sediments contact approximately 45 metres to the south of previous intersections achieved in hole WT-20-10.

“With activities ramping up and the second rig having commenced drilling, we are very pleased to see further positive results from The Talon target,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We have targeted an area covering only about 20 per cent of the magnetic anomaly so there’s a lot of scope for further mineralisation at The Talon.

“The first drill hole on the western side of The Talon returned multiple high-grade intersections and highlighted the potential for stacked mineralised lodes to occur in the area.

“These new intersections are situated in a sparsely drilled area, which bodes well for a significant increase to our JORC Resources.

“At the eastern side of The Talon, the Leatherwood-Sediments contact continues to excite us.

“We have extended this very high-grade mineralisation 50 metres to the south and we will continue to target the contact to the east and south in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Stavely Minerals Confirms High-Grade Mt Ararat Extensions

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported results from a recent extensional diamond drilling program undertaken at the Mt Ararat VMS deposit, part of the company’s 100 per cent-owned Ararat project in Victoria.

Stavely Minerals completed two diamond drill holes at the Mt Ararat copper-gold-zinc VMS deposit, located approx. 40 kilometres of the company’s recent Cayley Lode discovery that extended the mineralisation at depth by approximately 100 metres.

SADD011 intersected mineralisation from 205.4m down-hole, including:
6.6 metres at 2.48 per cent copper, 0.38 grams per tonne gold and 0.39 per cent zinc (4.67g/t gold equivalent) (true width ~4m), including 1.1m at 6.7 per cent copper, 0.49g/t gold, 0.85 per cent zinc and 9.2g/t silver (11.99g/t AuEq) from 209m down-hole;

SADD012 intersected high-grade mineralisation from 299.9m down-hole, including:
6.1m at 3.15 per cent copper, 0.41g/t gold and 0.28 per cent zinc (5.8g/t AuEq) (true width ~4m), including 1m at 8.74 per cent copper, 1.72g/t gold, 0.77 per cent zinc and 13g/t silver (16.69g/t AuEq) from 301m.

Stavely Minerals said it anticipates progressing the Thursday’s Gossan project to the Scoping Study stage of economic studies once a maiden Mineral Resource Estimate is completed for the Cayley Lode, which is expected towards the end of calendar 2021.

The company believes that the high-grade VMS mineralisation at Mt Ararat could contribute to the future production profile.

Mt Ararat has an existing Mineral Resource estimate of 1.2 million tonnes at 2 per cent copper, 0.5g/t gold, 0.4 per cent zinc and 6g/t silver.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

Caspin Resources Identifies new PGE-Nickel-Copper Soil Anomalies at Yarawindah Brook

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) enjoyed a share price surge on the back of an ongoing soil geochemistry program at Yarabrook Hill, within the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.

Sampling at Yarabrook Hill had already defined a surface palladium anomaly (>6ppb) over at least three kilometres and beyond the extent of the historical drilling.

The recent sampling extended the soil anomalism to the northwest of recently completed drilling at Yarabrook Hill, with a large coherent PGE-nickel-copper anomaly extending over a 500m x 500m area.

Caspin described this as a potentially new, previously unrecognised intrusive position that has never been drill tested.

Further soil anomalism was also delineated to the north, which the company indicated requires further investigation.

The soil survey has also recognised a second PGE-nickel-copper anomaly in a parallel position 500m to the east of Yarabrook Hill, striking over 1.2km.

With very limited drilling in this area and no bedrock exposure, Caspin has yet to determine the source of the anomaly, however it believes it may represent an upthrown faulted extension of the main intrusion or a separate, unrecognised intrusion.

The soil geochemistry program has now identified several new PGE anomalies begging for further investigation.

These include Anomaly A, approximately 5km north of Yarabrook Hill hosting two coherent ‘lobes’, and Anomaly B, located approximately 6km north-east of Yarabrook Hill and described as a multi- ‘lobe’ anomaly with the main lobes 700 to 800m long with an additional lobe 200m further south with a peak palladium value of 8ppb.

“None of the project area outside Yarabrook Hill has undergone exploration for PGE-nickel-copper mineralisation, so this is an exciting development that may lead to a suite of new prospects being identified for drill testing,” Caspin Resources said in its ASX announcement.

“Approximately 65 per cent of the project remains untested to date, with further soil sampling to be conducted as the company progresses access agreements across the project area.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

 

Ardea Resources Ups Kalgoorlie Nickel Project Highway Deposit MRE

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported an updated JORC 2012-compliant Mineral Resource Estimate (MRE) for the Highway nickel deposit within the company’s 100 per cent-owned Kalgoorlie nickel project (KNP).

Ardea Resources considers the Highway deposit an integral element in a proposed mining and ore processing infrastructure development at the KNP Goongarrie Hub.

The Highway resources extend over a strike length of 5.7km and are located on a granted mining lease (M29/214) with Native Title Mining Agreement in place.

Ardea sees Highway operating as a satellite mining operation to the Goongarrie Hub deposits with high-grade ore trucked 30km south along the Goldfields Highway to a processing plant to be constructed immediately east of the high-grade Goongarrie South deposit.

“The Highway resource upgrade is an outstanding result, which when combined with the February 2021 Goongarrie resource update, has defined 67.5 million tonnes of Measured and Indicated mineral resource at one per cent nickel and 0.07 per cent cobalt (681kt nickel and 49kt cobalt) which are available for conversion to reserve as part of Ardea’s KNP, Goongarrie Hub feasibility study,”

“Ardea management have prescribed metallurgical circuit reliability as an essential design element; with the availability of this added resource an important step along that journey.

“More significantly, reflecting the detailed mineralogical material type work in the current study, we now have a well-defined source of mineralised neutraliser.

“This has a significant potential value upgrade for the KNP financial model, as it is expected to introduce additional nickel units to the project production profile.

“Based on the 2021 MRE, we have selected diamond drill core hole sites in proposed future Highway and Goongarrie pit locations to acquire drill core for our H2 2021 bench-scale metallurgical programs.

“A core drilling contract was let for mid-July 2021.

“The total KNP MRE is now 830 million tonnes at 0.71 per cent nickel and 0.046 per cent cobalt (5.9Mt nickel, 380kt cobalt).

“This is a world-significant asset located in an infrastructure rich location, within the best operating jurisdiction in the world.”

 

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

 

Auteco Minerals Claims Shallow High-Grade Gold Discovery at Pickle Lake

THE DRILL SERGEANT: Auteco Minerals (ASX: AUT) claimed a new discovery – the Carey shallow high-grade gold discovery – at the company’s Pickle Crow gold project in Canada.

Auteco Minerals explained the Carey discovery was the first in a series of shallow exploration targets tested by Auteco, which the company said highlights the potential for open pit mining in addition to what was historically a narrow-vein underground operation at Pickle Crow.

Carey discovery intersections include:

AUDD0158
20.4 metres at 5.3g/t gold from 102.7m, including 2.2m at 39.3g/t (New Structural Zone);

AUDD0137
13.8m at 2g/t gold from 29.8m in (New Structure);

AUDD0141
16.5m at 2.2g/t gold from 160.6m in (New Structure);

AUDD0138
6.5m at 4.6g/t gold from 86.5m in (New Structure); and

AUDD0134
4.5m at 3.5g/t gold from 54.3m in (New Structure).

In addition to the Carey discovery, Auteco has also extended the known high-grade underground mineralisation in the Shaft 3 area, from which drilling results will help underpin a Resource update set to be completed next month.

The existing Pickle Crow Inferred Resource stands at 1 million ounces at 11.3g/t gold.

“The latest drilling program has been a huge success and we will further capitalise on this success with additional drilling,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“The high grades and the substantial widths of the new mineralisation highlight the potential for highly beneficial bulk mining methods to be used, either as wider stopes in an underground setting or as an open pit.

“We will now complete the Resource update in parallel with starting the new drilling program.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@autecominerals.com.au

 

Web: www.autecominerals.com.au

 

 

Horizon Gold Drills Encouragement at Gum Creek Gold Project Targets

THE DRILL SERGEANT: Horizon Gold (ASX: HRN) has had the RC drilling rigs spinning, producing encouraging results at the company’s 100 per cent-owned Gum Creek gold project located in the Mid-West Region of Western Australia.

Horizon Gold reported assay results from recent RC drilling carried out at the Swift, Swan and Eagle target areas.

Swift Trend

15 metres at 4 grams per tonne gold from 145m
11m at 3.5g/t gold from 114m
6m at 2.6g/t gold from 134m

Horizon Gold intimated the Swift Trend drilling confirmed the locations of interpreted high-grade plunging gold shoots, and the presence of broad zones of potentially open pit gold mineralisation in the Swift resource area.

Swan Trend

6m at 5.4g/t gold from 115m
8m at 3.7g/t gold from 40m
12m at 1.6g/t gold from 79m
13m at 1.3g/t gold from 112m

Shallow mineralisation encountered by the recent drilling is not part of the current Swan MRE. Infill and extension resource drilling is being planned.

Eagle Prospect

7m at 5.5g/t gold from 169m
4m at 3.3g/t gold from 173m

The results confirm plunging gold shoots the company had previously interpreted while highlighting potential for high gold grades at depth.

Horizon has subsequently completed initial infill and extension RC drilling at the Kingston Town and Howards prospects and has commenced further drilling at the Manikato prospect.

Results from these prospects are pending.

Programs of Work have been approved or lodged for infill and extension drilling for further targets, and program design has commenced for RC drilling at others.

Horizon Gold considers all target areas have the potential to quickly add meaningful ounces to the Gum Creek MRE.

“This is an exciting time for Horizon Gold, and we’re highly encouraged by the early infill and extensional drilling results from the Eagle, Swan and Swift areas,” Horizon Gold managing director Leigh Ryan said in the company’s ASX announcement.

“Drilling is continuing to test the numerous high priority mineralised targets delineated during the comprehensive Geological Review announced in February, and once this work is completed, we look forward to delivering an updated Mineral Resource Estimate for the Gum Creek gold project.”

 

 

 

Email: info@horizongold.com.au

 

Web: www.horizongold.com.au

 

 

Ardiden Preparing to Drill Western Hub Tier-1 Targets

THE DRILL SERGEANT: Ardiden (ASX: ADV) reported on recent and upcoming activities for the company’s Pickle Lake gold project in Canada.

For the benefit of those who came in late, the Pickle Lake gold project is a continuous District-Scale land tenure package of 870 square kilometres situated east of Red Lake in northwest Ontario.

The connected tenure is majority 100 per cent owned by Ardiden and currently contains 22 identified gold deposits and prospects that the company is systematically exploring.

The Pickle Lake project has been subdivided into three geographical ‘hubs’: the Southern, Eastern, and Western Hubs, the last of which encompasses 50km of under-explored prospective strike length that includes the Esker gold prospect.

An airborne VLF-EM detail Geophysical Survey and structural interpretation has identified additional Tier-1 Scale Gold Targets along the 50km strike at the Western Hub.

Ardiden is currently planning fieldwork at the Esker Gold Prospect as soon as First Nation Agreements are in place.

“The Western Hub evaluation has started to come together and is presenting strong similarities to other recent gold discoveries located along the same greenstone belt in the Red Lake area,” Ardiden MD and CEO Rob Longley said in the company’s ASX announcement.

“Implementation of an initial drill programme at the Esker gold prospect will be our key focus.

“Esker will be Ardiden’s first step onto the Western Hub.

“This highly prospective structure exhibits similarities to the geological setting at Great Bear Resources’ Dixie/LP Fault, which is located to our west at Red Lake.

“Drilling at Esker requires MoUs with First Nation stakeholders.

“The company is well advanced in its negotiations and can point to a responsible reputation in the area as Ardiden has delivered on all its commitments with the neighbouring Mishkeegogamang FN group at our fully permitted Kasagiminnis and South Limb gold prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

 

Web: www.ardiden.com.au

 

 

Golden Mile Resources Flying Airborne EM Survey at Yarrambee

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) is having a helicopter borne electromagnetic (HEM) survey carried out at the company’s Yarrambee project in the Murchison Region of Western Australia.

The Yarrambee project covers prospective portions of the Narndee Igneous Complex (NIC) approximately 500 kilometres north-east of Perth, where Golden Mile is targeting ‘feeder-systems’ associated with mafic-ultramafic intrusions, usually considered prospective for nickel-copper-platinum group element (PGE) mineralisation like others in WA, including Nova-Bollinger in the Fraser Range (ASX: IGO) and Julimar in the Darling Ranges (ASX: CHN).

Yarrambee also covers portions of the surrounding Yaloginda Formation, which Golden Miles considers prospective for volcanogenic massive sulphide (VMS) copper-zinc mineralisation, including two high quality, advanced prospects identified at Narndee and Yalanga Bore.

Golden Mile has engaged NRG Australia to fly the HEM survey over prospective parts of the NIC utilising the latest generation proprietary Excite system with the aim to identify conductors prospective for nickel-copper-PGE and copper-zinc sulphide mineralisation.

“This is an exciting opportunity for the company to apply modern exploration techniques over a large landholding in Western Australia with demonstrated prospectivity to host magmatic nickel-copper-PGE and VMS base metals deposits,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Modern airborne electromagnetics such as the company’s upcoming Excite survey are proven to be an effective tool to quickly screen large areas for metal-rich massive sulphide accumulations, and our focus will be to identify and refine targets for drill testing as soon as we can in the coming months.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com

 

Web: www.goldenmileresources.com

 

 

Latitude Consolidated Claims New Mineralised Trend Discovery at Andy Well

THE DRILL SERGEANT: Latitude Consolidated (ASX: LCD) claimed discovery of a new mineralised gold trend at the company’s Murchison gold project in Western Australia.

Drilling completed by Latitude at the Suzie North Exploration Target, part of a current Phase 1 program, was designed to target a northwest-southeast striking system, which the company said is the first time this style of mineralisation has been specifically targeted at Andy Well.

The first three holes were drilled to define the strike orientation and dip of the mineralisation.

Latitude Consolidated explained that due to the mineralisation being oriented more acutely than it had initially interpreted only one of the three holes (21AWRC0003) intersected the Suzie North mineralisation.

However, the company indicated that when this drilling is viewed in conjunction with historical diamond drill hole WBUG0124 (drilled in 2013), it believes there is sufficient data available to interpret the strike orientation of the mineralisation.

Drilling at Suzie North included hole 21AWRC0003 that intersected:

7 metres at 1.9 grams per tonne gold from 121m, including 1m at 9.59g/t gold.

The two other holes completed at Suzie North appear to have intersected a parallel footwall lode but failed to intersect the primary mineralisation:

21AWRC0001
5m at 0.5g/t gold from 103m, including 2m at 1.07g/t gold; and

21AWRC000
7m at 0.64g/t gold from 162m, including 1m at 1.76g/t gold.

“This is an extremely exciting step forward for Latitude with the newly identified northwest-southeast mineralisation providing a new exploration targeting lens at Andy Well,” Latitude Consolidated CEO Tim Davidson said in the company’s ASX announcement.

“The company notes there have been several major discoveries recently, both in the Murchison and other parts of the Yilgarn, where a new strike orientation has been identified and the resulting discoveries have been found to host significant mineralisation.

“We plan to test this potential at our Murchison gold project as we push ahead with the Phase 2 exploration program.

“Importantly with the support of our shareholders we have the funding in place to complete this work at an aggressive pace with a strong cash balance of approx. $9.5 million at the date of this announcement.

“We are expecting further assays to be received from drilling completed at several promising exploration targets within our portfolio and I look forward to reporting further updates in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@latitudeconsolidated.com.au

 

Web: www.latitudeconsolidated.com.au