Musgrave Minerals Encounters Big Gold Hit at Starlight

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) could hardly contain its own excitement levels when announcing recent drilling results from the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals reported assay results for a further seven reverse circulation (RC) drill holes from drilling currently underway at the new Starlight gold discovery at the Break of Day deposit.

The current drilling is focused on infilling and extending the new high-grade Starlight lode where Musgrave has previously intersected mineralisation over a strike of more than 115 metres that remains open down dip and along strike.

Assays received from new RC drilling at Starlight include:

20MORC037
42 metres at 77.3g/t gold from 30m, including 18m at 179.4g/t gold from 30m, including 6m at 498.2g/t gold from 36m;

20MORC031
61m at 12.7g/t gold from 76m, including 6m at 44.6g/t gold from 76m and 21m at 23.6g/t gold from 106m;

20MORC036
22m at 21g/t gold from 2m, including 9m at 49.2g/t gold from 8m;

20MORC029
9m at 16.5g/t gold from 225m, including 3m at 47.6g/t gold from 225m;

20MORC038
4m at 48.2g/t gold from 85m; and

20MORC028
2m at 37.7g/t gold from 74m.

The intersections in all drill holes sit outside, but in close proximity to the current resource at Break of Day.

“These are amazing gold grades to see in near surface drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Our deepest holes to date are still in high-grade mineralisation at 200 vertical metres where Starlight remains open down dip.

“The bonanza grades near surface will have a significant positive impact on future development at Break of Day.”

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Meteoric Resources Commences 2020 Drilling Program at Juruena

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) announced the commencement of drilling at the company’s 100 per cent-owned Juruena gold project located within the Alta Floresta Belt in Brazil.

Meteoric Resources indicated its 2020 drilling campaign will focus on high‐grade targets, initially hitting the Dona Maria gold prospect where its 2019 drilling program confirmed continuity of two high‐ grade shoots (north and south) that remain open at depth beneath the existing resource.

“We are thrilled to be back on the ground at Juruena and the team is champing at the bit to see what the 2020 program has in store for us,” Meteoric Resources managing director Dr Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“Following mobilisation to site last week, drilling kicked‐off on Monday 8th June with the first hole targeting bonanza epithermal gold grades within the Dona Maria prospect.

“Our aim is to start the program targeting the high‐grade gold Dona Maria prospect following the last campaign which confirmed the existing resource remains open at depth.

“Work will initially commence at the southern high‐grade gold shoot intercepted in holes JUDD001, 008, 009 and 022.

“This drilling program is designed to improve the estimation confidence and to further grow the resource.

“From Dona Maria it is our aim to move to the Crentes prospect to follow up an exciting, thick, gold‐copper intercept in JUDD0010 that demonstrates the significant porphyry potential of the Juruena project.

“We are excited to be following up some spectacular grades at Juruena from the 2019 program and we look forward to keeping shareholders up to date as we progress.”

 

Web: www.meteoric.com.au

 

Middle Island Resources Kicks Off Phase 2 Drilling at Sandstone

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has begun a Phase 2 drilling campaign at the company’s 100 per cent-owned Sandstone gold project in the central goldfields of Western Australia.

Middle Island Resources has been eager to commence the Phase 2 campaign, following recent results from the Phase 1 campaign that identified five new satellite gold deposits, McClaren, McIntyre, Ridge, Old Town Well and Plum Pudding, at the Sandstone project.

The upcoming drilling is to comprise an initial 222 holes (13,846m) of reverse circulation (RC) resource definition drilling and around 10 holes (1,000m) of HQ3 diamond drilling.

The company has expanded the RC drilling component from an original 3,000m due to the success of the Phase 1 campaign, as it now has to cover five new satellite gold deposits, rather than the one new deposit that was originally envisaged.

The Phase 2 RC drilling will also take in initial assessment of at least two further exploration priorities that have been shown up by the Phase 1 campaign.

The first exploration target is the undrilled, 1.15 kilometres-long Shillington Gap, with the second being extensive zones of gold mineralisation observed in historic drilling below and adjacent to the Eureka open pit deposit, situated 700m west of the company’s 100 per cent-owned 600,000 tonnes per annum gold processing plant.

“Following an extremely successful start to the extended 2020 drilling campaign at the Sandstone gold project, I am pleased to confirm that the Phase 2 RC drilling program commenced on schedule last week,” Middle Island Resources managing director Rick Yeates said in the company’s announcement to the Australian Securities Exchange.

“The Phase 2 program comprises an initial 13,800 metres of resource definition RC drilling to infill and extend the five new satellite deposits identified during Phase 1 work, along with confirmation of a possible southern extension to the Shillington deposit.

“The resource definition component of the program will be followed by an exploration element to provide initial assessment of two further significant targets identified by the Phase 1 drilling, at Shillington Gap and Eureka.

“Planning for this component is still on-going and will be partly predicated on assessment of the imminent high resolution airborne magnetic and radiometric survey results.

“I look forward to sharing the details, progress and results of an extremely exciting and expanded Phase 2 program with you during June and July.”

Middle Island indicated it is currently undertaking preliminary resource estimates and pit optimisations on all five of the new satellite deposits to assist in refining planned Phase 2 resource definition RC and diamond drilling.

Final resource estimates are anticipated to then be prepared for the Two Mile Hill, Wirraminna and Shillington deposits, where resource definition drilling has largely been completed, prior to final pit optimisation studies for a feasibility study update.

Shillington will be the last of the three deposits to be re-estimated, following limited Phase 2 RC drilling on the recently identified southern extension.

Final resource estimates and pit optimisations will then be progressively undertaken on the new satellite deposits as the Phase 2 drilling results are received and compiled, prior to inclusion in the feasibility study.

 

Email: info@middleisalnd.com.au

Web: www.middleisland.com.au

 

Kin Mining Drilling Results Encourage Quick Follow-up Program

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent exploration-focused drilling programs at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.

Kin Mining signalled it intends wasting little time to recommence drilling with planning already underway for the next phase of drilling scheduled to commence in the third week of June.

The company received assay results from recent Reverse Circulation (RC) drilling at the Lewis East prospect and air-core drilling at the Faye Marie prospect.

Drilling at Lewis East was designed to follow up on results achieved in the recent air-core program.

Kin declared the latest assays to have confirmed the presence of broad zones of gold mineralisation associated with disseminated sulphides.

Assays from Lewis East include:

LE20RC057
44 metres at 0.47 grams per tonne gold from 51m;

LE20RC048
11m at 0.62g/t gold from 53m;

LE20RC054
7m at 0.9g/t gold from 11m; and

LE20RC049
3m at 1.49g/t gold from 20m.

The results from Faye Marie produced an intercept of:

FM20AC058
4m at 2.99g/t gold from 48m.

Kin Mining said this had confirmed the prospectivity of this contact which comprises over a three-kilometre strike length between Faye Marie and the near-by Black Chief prospect.

“This wraps up the recent exploration at the Cardinia Gold Project, with the drilling outlining multiple new areas of mineralisation that require follow-up,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“As with any exploration program, we have had a range of results in terms of the assays, but we believe that we now have a much clearer picture of where to focus our efforts moving forward.

“The next phase of drilling will be significantly larger than the recently completed program and is scheduled to commence in the third week of June.

“We are confident that it has the potential to take the Cardinia Gold Project to the next level as one of the most exciting emerging exploration plays in the junior gold sector in Western Australia.

“We look forward to providing further information on the upcoming program in due course.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

De Grey Mining Hits Broad, High-Grade Extensions at Aquila

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on progress of drilling underway at the Aquila Zone, located within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining described Aquila as a parallel gold-sulphide zone located to the immediate north of the Brolga zone and adjacent to the new Crow zone to the north.

The company currently has RC and diamond core drilling in operation with three rigs operating between Aquila, Brolga and Crow testing for extensions of the gold mineralisation on an 80m by 80m basis.

A second RC rig is anticipated to arrive on site shortly.

The drilling at Aquila comprises step out drilling both along strike and at depth with the deeper drilling aiming to test approximately 80 to 100m below known mineralisation.

Drilling at Aquila extended 80m to the east on section 30,640E, returning results including:

HERC086
41 metres at 6.8 grams per tonne gold from 181m, including 14m at 10g/t gold from 206m (Hole ended in mineralisation); and

HERC085
16m at 1.6g/t gold from 144m.

Noteworthy depth extensions were also achieved, including:

HERC031D
69.5m at 1.3g/t gold from 80m; and

HERC093
30m at 1.7g/t gold from 125m.

Shallow high-grade RC results confirmed previous aircore drilling on section 30,000E:

HERC096
45m at 8.1g/t gold from 111m, including 16m at 13.2g/t gold from 114m (10gm lower cut); and

HERC095
49m at 3.4g/t gold from 49m, including 19m at 5.1g/t gold from 50m.

“At Aquila, we still have not reached the limits of mineralisation,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities exchange.

“Step out drilling shows we are still in strong broad and high-grade mineralisation along the length of the deposit.

“Deeper RC and diamond drilling is planned to target approximately 100 metres below mineralisation as well as further extensions along strike.

“We announced on Friday (5/6/20) that we would be increasing the number of aircore and RC rigs on site.

“This will allow us to expand aircore drilling coverage immediately around Hemi and at the other nearby intrusions including Scooby, Shaggy and Antwerp.

“The additional RC rig will allow us to follow up the positive aircore results that are extending mineralisation and to continue defining known mineralisation.

“Wide spaced aircore drilling is currently advancing to the west of Aquila.

“Aircore holes have intersected encouraging alteration approximately 500 metres to the west of Aquila.

“The alteration appears similar to alteration at Aquila.

“Samples from these aircore holes will this week be dispatched for assaying.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

Musgrave Minerals and Evolution JV Identifies Large Gold Targets at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on drilling carried out at its Lake Austin Joint Venture with Evolution Mining (ASX: EVN), at the company’s Cue project in the Murchison district of Western Australia.

Musgrave Minerals reported assay results from a recent regional scout aircore drilling program undertaken on the Lake Austin JV with Evolution Mining, the results from which the company claims to have strengthened its exploration model for a large mineralised gold system beneath Lake Austin.

The drilling has generated multiple high-priority basement gold targets for follow-up drill testing.

The results have extended the Lake Austin North gold anomalism to a strike of over 5.5 kilometres, extended a regolith gold target at West Island to over 2.3km in strike, and defined another regolith gold anomaly with over one kilometre of strike at the Mainland East target.

Lake Austin North

20MOAC031
6m at 4.2 grams per tonne gold from 116m, including 1m at 18.2g/t gold from 117m;

20MOAC041
9m at 2.25g/t gold from 136m to EOH;

20MOAC248
13m at 0.53g/t gold from 128m to EOH;

20MOAC023
20m at 0.3g/t gold from 130m; and

20MOAC032
28m at 0.29g/t gold from 96m to EOH.

West Island

20MOAC084
2m at 1.52g/t gold from 47m to EOH;

20MOAC095
3m at 1.15g/t gold from 99m to EOH;

20MOAC112
34m at 0.28g/t gold from 93m to EOH; and

20MOAC238
28m at 0.32g/t gold from 112m.

Mainland East

20MOAC164
4m at 0.76g/t gold from 66m; and

20MOAC145
4m at 0.18g/t gold from 8m to EOH.

“These aircore results continue to show the large scale of the gold system lying hidden under Lake Austin and support the company’s view on the prospectivity of this large area,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The Lake Austin North gold anomaly now extends for over 5.5 kilometres in strike with additional new anomalies at West Island and Mainland East highlighting the potential of the system to host significant gold deposits.”

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

De Grey Mining Declares Brolga as Major Extension to Hemi Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on recent drilling activities undertaken at the Brolga Zone, situated within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining claimed aircore drilling aon the Brolhga Zone has defined a major extension, measuring approx. 1000 metres long by 200 metres, wide of the Brolga intrusion.

The company said the results achieved by the drilling to have enhanced potential to expand near surface open pit resources.

Results of initial shallow aircore holes include:

BWAC491
16 metres at 2.4 grams per tonne gold from 40m;

BWAC492
8m at 2.2g/t gold from 52m; and

BWAC493
4m at 5g/t gold from 60m.

Of note, the company is still to receive around 90 per cent of results from the new shallow aircore at Brolga.

Additional RC and diamond achieved results at Brolga include:

HERC036D
55.3m at 1.9g/t gold from 184.7m;

HEDD002
6.13m at 4.8g/t gold from 220m;

HERC034D
18.21m at 1.5g/t gold from 254.79m;

HERC050
2m at 10g/t gold from 161m; and

HERC052D
16m at 1.4g/t gold from 177m.

“Hemi continues to demonstrate potential to be a large scale, world class deposit and the project area continues to demonstrate its prospectivity for further discoveries,” De Grey Mining newly-appointed managing director Glenn Jardine said I n the company’s announcement to the Australian Securities Exchange.

“It has been a sharp learning curve at Hemi for the exploration team and this new discovery is a credit to their targeting from that learning.

“The new discovery appears to be analogous to the early stages of the initial Brolga discovery.

“We see a lot more value still to come for investors in De Grey.

“With this in mind, we are increasing our drilling effort from four rigs to six rigs during June.

“The focus of drilling will continue to be on defining the extent of known mineralisation at Hemi and new discoveries moving into the many regional intrusion and shear zone targets.

“To complement the scale and extent of near surface mineralisation at Hemi, the project is blessed with world class infrastructure.

“Everything that we need is on our doorstep including high voltage power, gas pipelines and major highways all within 25 kilometres of the project area and an hour drive from Port Hedland, a major transport and services hub.

“We are also highly encouraged to continue our early stage environmental, infrastructure and metallurgical studies.”

De Grey Mining has Hemi shaping up as a world class, large scale deposit where the company is continuing to drill in order to determine the extent of the Hemi mineralisation with the expectation that overall project resources will increase from the current 2.2 million ounces.

The company said it has at least four other look-alike intrusion targets already defined in the immediate region surrounding Hemi, three of which have known ore grade mineralisation.

A detailed airborne magnetic survey was recently completed and will be used to further improve and enhance targeting.

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

Kin Mining Drilling Continues Cardinia Gold Project Growth

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported final assay results from recently completed Reverse Circulation (RC) and air-core (AC) drilling at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin mining conducted the drilling at the Cardinia Hill prospect (RC) and at the Helens East prospect (AC), both located approximately 2.5 kilometres from the proposed CGP processing plant site.

Assays were received for the remaining nine RC holes drilled at the Cardinia Hill discovery as well as a small extension to the air-core drilling program at Helens East.

Results include:

Cardinia Hill RC

CH20RC035
8m at 3.81 grams per tonne gold from 4m;

CH20RC038
8m at 2.38g/t gold from 18m and 9m at 2.31g/t gold from 56m;

CH20RC037
4m at 5.15g/t gold from 32m and 6m at 1.92g/t gold from 66m; and

CH20RC040
9m at 1.72g/t gold from 42m.

Helens East AC

HE20AC328
4m at 0.55g/t gold from 28m.

Kin Mining said the new results further extended the footprint of the Cardinia Hill discovery along strike to the north and down-dip, while also suggesting the presence of a cross-cutting structural host to the mineralisation, as opposed to the stratigraphy-parallel interpretation initially developed.

“We are continuing to build the geological picture at Cardinia Hill, with the latest results providing further important insights into what appears to be a significant zone of shallow mineralisation extending over a 500 metres strike length,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The final batch of assays from the recent RC program have continued to define high-grade zones and confirmed extensions of the mineralisation along strike to the north and down-dip.

“We now have a much clearer picture of the orientation and controls on the mineralised lodes, and we are looking forward to getting back into the field as soon as possible to drill out this exciting discovery to facilitate a maiden JORC Mineral Resource estimate.

“Cardinia Hill is just one of several emerging areas that we plan to drill aggressively in the coming months.

“While the final assays from the air-core program at Helens East were unsuccessful in confirming a significant northern extension of the Cardinia Hill mineralisation, there is plenty of follow-up work to do at Helens East and Helens South.

“We are awaiting final assays from Lewis East, which should be reported shortly, and planning is already underway on our next phase of exploration – which will encompass Cardinia Hill, Helens South/East, Comedy King/Faye Marie and other emerging areas that will be described more fully in an Exploration Update to be provided in the coming weeks.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Musgrave Minerals Impresses With First Holes Drilled at Starlight Gold Discovery

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) received assay results for the first twelve reverse circulation (RC) drill holes from drilling underway at the company’s 100 per cent-owned ground at the Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals reported results from drilling undertaken at the new Starlight gold discovery where mineralisation is currently interpreted to be close to the existing Break of Day resource.

All the intersections returned from Starlight to date sit outside the current resource at Break of Day.

A combination of six metre composites and one metre individual samples have been analysed from the RC holes drilled in the current program at Starlight.

All six-metre composite samples above 0.1 gram per tonne gold will be re-submitted for individual one-metre sample analysis.

Intercepts of note include:

20MORC033
12m at 112.9 grams per tonne gold Au from 36m (6m composite samples), including 6m at 143g/t gold from 42m;

20MORC032
48m at 4.4g/t gold from 30m (combination of 6m composite and 1m samples), including 4m at 41.8g/t gold from 30m (1m samples), including 1m at 104.4g/t gold from 31m, and 2m at 13.5g/t gold from 76m (1m samples);

20MORC025
7m at 13.7g/t gold from 114m (1m samples), including 4m at 22.9g/t gold from 116m;

20MORC021
6m at 5.7g/t gold from 81m (1m samples); and

20MORC022
6m at 5.2g/t gold from 176m (1m samples).

“This is a great start to the program and confirms the current model extending the mineralisation both up dip where it approaches the surface and down dip where it remains open,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The bonanza high-grade, near surface mineralisation will enhance the open cut development potential of the deposit while the deeper mineralisation will enhance the underground potential.”

Musgrave Minerals was a winner from the recent Western Australian Government’s 2020-21 Exploration Incentive Scheme (EIS) raffle, and is to receive $150,000 towards diamond drilling deep extensions to the mineralisation.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Blackstone Minerals Intersects Ban Chang MSV

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has intersected massive sulphide in two drill holes at Ban Chang, part of the company’s Ta Khoa nickel-PGE project in Vietnam.

Blackstone Minerals drilled the two holes more than 200 metres apart and along strike within a 1.2 kilometres-long massive sulphide target zone it had defined by high priority electromagnetic (EM) plates.

Drillhole BC20-01 intersected 1.05 metres MSV from 58.5m and 0.5m of sulphide veinlets from 59.5m.

The second hole, BC20-02 intersected 1.2m MSV from 87.0m.

The drilling is part of an ongoing campaign Blackstone is conducting to target regional massive sulphide veins (MSV) as it aims to build its resource inventory at Ta Khoa.

Blackstone currently has a second drill rig in operation being used by its in-house geophysics team throughout the Ta Khoa nickel sulphide district, testing high priority EM targets generated from 25 MSV prospects including King Snake, Ban Khoa, Ban Chang, and Ban Khang.

“It’s exciting to be targeting massive sulphide veins and achieving intersections within a few metres of the modelled EM plates – this is a great sign for the future of the Ta Khoa nickel-PGE project,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“With the advantage of an in-house geophysics team, we are extremely well positioned to unlock this world-class geology and understand the full potential of our flagship asset.

“Our second drill rig will continue to drill high priority EM plates and look to delineate potential high-grade massive sulfide orebodies, akin to the successful Ban Phuc nickel mine, which was mined economically during some of the lowest nickel prices seen in the past decade.

“Our main drill rig continues to drill the King Cobra discovery zone at depth.”

 

Email: info@ausgoldlimited.com

Web: www.ausgoldlimited.com