Hi Ho, Hi Ho, it’s off to work we go

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THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week.

Drilling scheduled for Zanthus

Rumble Resources (ASX: RTR) has scheduled its maiden drilling program at the company’s Zanthus project in the Fraser Range of Western Australia where it is earning 75 per cent by way of a Joint Venture with Blackham Resources (ASX: BLK).

Rumble will drill a cluster of five bedrock conductors in and around an eye feature.

Rumble’s technical team has completed a plan for five RC holes for 1200 metres targeting a hole at each of five bedrock conductors, which it believes may represent magmatic massive nickel sulphides.

“Our systematic exploration approach has continued to tick all the boxes at the
Zanthus project,” Rumble Resources CEO Shane Sikora said.

“Rumble has identified five bedrock conductors surrounding and coincident with gravity dense zones in a magnetic signature very similar to the only known massive nickel sulphide discover in Nova Bollinger discovery.

“Rumble believes all these elements combined highlight these bedrock conductors represent some of the most compelling drill targets in the Fraser Range and we look forward to the commencement of drilling.”


Drilling Commences at Guitorga

Golden Rim Resources (ASX: GMR) has commenced a round of reverse circulation (RC) drilling within the Guitorga auger gold anomaly at Korongou in Burkina Faso.

The drilling is designed to follow-up new gold mineralised zones recently discovered in Hole BARC083 in the SW portion of the Guitorga anomaly.

BARC083 intersected two mineralised zones with 21 metres at 5.6 grams per tonne gold, including 8m at 11.8g/t gold (from 13m) followed by 12m at 1.1g/t gold (from 51m).

The gold mineralisation is open at depth and along strike.

As a priority, the follow-up drilling is planned to test beneath the gold intercept in BARC083 and along strike.

At this stage, the RC program will comprise 16 holes for a total of, 100m and is expected to be completed in approximately one month.

Gold Road takes Gruyere over 5 million ounce mark

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has released an updated JORC Code 2012-compliant Mineral Resource estimate for the Gruyere deposit on the Dorothy Hills Trend at Yamarna, Western Australia.

The new Mineral Resource has come in at 137.81 million tonnes at 1.24 grams per tonne gold for a total of 5.51 million ounces of gold.

Gold Road said the new Resource represents a 42 per cent increase in tonnes and a 44 per cent increase in metal from the Gruyere maiden Resource.

The updated Resource also includes 87.54 million tonnes at 1.21g/t gold for 3.4 million ounces in the Measured and Indicated resource categories, representing 62 per cent of the total Resource.

Over all the new estimate has provide respective increases of 118 per cent and 116 per cent of tonnes and metal compared to the maiden Resource.

“Gruyere now has a scale of real significance,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“This substantial 44 per cent increase in the Gruyere Mineral Resource to 5.51 million ounces reflects the quality of the deposit and the exceptional exploration and geological work our team has undertaken.

“Even when a more conservative $1,400 per ounce pit shell is applied, contained gold increases by 92 per cent to five million ounces compared to the same price constraint applied last year.

“We have spent approximately $10.9 million on Gruyere since the discovery in October 2013, which equates to $1.98 per ounce of Mineral Resource, well below the international average cost per discovery ounce.

“This updated Mineral Resource will feed into the ongoing Pre‐Feasibility Study.

“We look forward to settling on the scale and power source at the end of Phase 1 next quarter.

“The entire Pre ‐ Feasibility Study will be completed by the end of the calendar year and reported to the market in early 2016.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au

Horseshoe Metals encounters encouraging copper in first drill samples

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THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) appears happy with the first results it has received from resource drilling underway at the company’s 100 per cent-owned Horseshoe Lights copper/gold project in Western Australia.

To date 947 metres of Reverse Circulation (RC) drilling in six holes has been completed.

Horseshoe has taken receipt of assay results from the first two holes (RC1103-1104), both of which have returned wide zones of copper intersections.

“The drilling program aims to add copper tonnes and grade to the existing mineral resource block model with a particular focus on those areas within the optimised pit shell from the 2014 Scoping
Study where drill hole density is low or largely based upon historical drill holes, many of which have not been surveyed down hole,” Horseshoe Metals said in its ASX announcement.

RC1104 recorded several zones of copper mineralisation including:

24 metres (34 to 58m) at 1.2 per cent copper, including 1m (43 to 44m) at 3.2 per cent copper;

15m (86 to 101m) at 1.6 per cent copper, including 2m (89 to 91m) at 8.2 per cent copper; and

12m (121 to 133m) at 2.4 per cent copper, including 3m (127 to 130m) at 6.7 per cent copper and 0.3 ggrams per tonne gold.

The best zone of copper mineralisation recorded in RC1103 was:

32m (90 to 122m) at 1 per cent copper, including 6m (96 to 102m) at 2.1 per cent copper.

Horseshoe said a further 390 samples for RC1105 – RC1108 have been submitted to the laboratory for analysis and should be available for release late next week.

The drilling program is expected to run to at least 30 June 2015.

Website: www.horseshoemetals.com.au

Rox Resources continues to sharpen Sabre

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has released further encouraging news from onfoing drilling being carried out at the Sabre prospect on the company’s 100 per cent-owned Fisher East nickel project north of Kalgoorlie in Western Australia.

Recent results from the RC and diamond core drilling program at Sabre include:

MFEC112
9m at 1.3 per cent nickel from 135m;

MFEC113
8m at 1.4 per cent nickel, including 1m at 3.4 per cent nickel from 146m;

MFEC115
10m at 1.9 per cent nickel, including 6m at 2.3 per cent nickel from 127m;

MFEC116
5m at 1.2 per cent nickel from 140m;

MFEC117
1m at 2.2 per cent nickel from 203m, and 2m at 2.2 per cent nickel from 209m;

MFEC118
16m at 1.3 per cent nickel, including 1m at 2.4 per cent nickel from 178m, and 1m at 2.0 per cent nickel from 196m.

Assays from one shallow diamond hole include:

MFED072
1.6m at 1.4 per cent nickel from 186.4m

“What we are seeing at Sabre is similar to the early drilling at Camelwood, where at shallow depths we found largely disseminated nickel sulphide mineralisation, but at depth we intersected massive sulphides,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“Whilst these are still early results, they are at least as good as those we received in early drilling at Camelwood.

“The 600 metres strike length of nickel sulphides in our drilling at Sabre is very encouraging, but equally encouraging is that our drilling has only tested to relatively shallow depths to date (about 150m vertical), so there is excellent potential to define further mineralisation below.”

Mulholland said the nature of the mineralisation the company has intersected so far has not explained the strong EM conductor it is targeting, which from its strength Rox expected to represent more massive mineralisation.

To that end the company has deeper drilling planned for the portion of the EM anomaly below RC holes MFEC124 and 125.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

Peel Mining encounters shallow zinc-lead-silver at Mallee Bull

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) has received results from a round of drilling carried out at the company’s Mallee Bull project in central New South Wales.

According to Peel the recent drilling at Mallee Bull has intercepted shallow, high-grade zinc-lead-silver mineralisation, including:

MBRC018
10 metres at 15.8 per cent zinc, 7.6 per cent lead, 322 grams per tonne silver and 1.28g/t gold from 106m; and

MBRC016
7m at 6.1 per cent zinc, 3.4 per cent lead, 76g/t silver and 0.25g/t gold from 131m.

According to Peel, MBRC016 and MBRC018 were completed as part of a recent drilling program designed to test for additional mineralisation away from the main Mallee Bull copper-polymetallic deposit.

The Mallee Bull project is a 50:50 Joint Venture with CBH Resources Limited (CBH).

A maiden JORC compliant Mineral Resource estimate was completed in May 2014, and comprises 3.9 million tonnes at 2.3 per cent copper, 32g/t silver and 0.3g/t gold.

“MBRC018 was one of four drillholes completed to test a new, high-priority geophysical target known as T1, in close proximity to Mallee Bull,” Peel Mining said in its ASX announcement.

“T1 represents one of two strong chargeable IP areas identified by the recently completed innovative Orion 3D DCIP survey and chosen for drill testing.”

The company explained drillholes MBRC013, MBRC016, MBRC017 and MBRC018 were all designed to test the T1 target.

The first three all intersected zinc-lead-silver mineralisation predominantly occurring as stringer sulphides.

MBRC018 differed in that it intersected sphalerite-galena-pyrite rich massive sulphide mineralisation over a 10m zone from 106m.

Email: info@peelmining.com.au

Website: www.peelmining.com.au

Hi Ho, Hi Ho, it’s off to work we go

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THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week.

Government grant to drill Truncheon

Red River Resources (ASX: RVR) has received $75,000 in funding from Round Nine (9) of the Queensland Government’s Future Resources Program – Collaborative Drilling Initiative towards drilling the company’s Truncheon prospect.

Red River has undertaken reprocessing of historical geophysical data (gravity and induced polarisation chargeability) which has indicated that the Truncheon prospect anomaly (combined gravity, induced polarisation chargeability and geochemistry) is of similar size and scale to the historical anomaly at the Highway-Reward deposit.

Red River proposes to drill four drill holes of approximately 500m depth each for a total of 2,000m to test the Truncheon prospect for high-grade copper mineralisation.

The drill holes will consist of 150m reverse circulation pre-collars with diamond core tails. Drilling is planned to take place in the second half of 2015.


Drilling started near Bongou

Predictive Discovery (ASX: PDI) has kicked off a combined reverse circulation (RC) and air core drilling program on areas near the company’s Bongou gold discovery in Burkina Faso.

The drill program will test six prospects where recent exploration has signalled potential for the discovery of gold mineralisation that could add to the high-grade gold resource already at Bongou.

Drilling will be carried out at four locations, all within 10 kilometres of Bongou.

Target W2, where PDI drilling in 2014 intersected 12m at 1.4g/t gold in a one-hole RC drill test.

Target W8, which coincides with a 60m long artisanal open pit working and where PDI’s power auger sampling and trenching in 2014 obtained values of up to 2g/t gold and 2.2g/t gold respectively.

Target W7, which coincides with a plus 100ppb gold power auger anomaly extending over at least 100m of strike.

Immediately south-west of Bongou, where a possible new concealed mineralised lens has been postulated in an ‘en echelon’ arrangement.

“Predictive is entirely focused on identifying and defining high quality resource ounces which can add to our high-grade Bongou gold discovery.” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.

“To this end, we have been working systematically and diligently throughout the current field season to prioritise the most prospective drill locations out of the nearly 100 structural targets that we identified near Bongou in late 2014.”

 

RC Drilling commences

Gascoyne Recourses (ASX: GCY) has commenced an RC drilling program at the company’s Dalgaranga and Egerton gold projects in Western Australia.

The program is the first portion of the company’s 2015 drill program to test a number of high-grade gold targets within the company’s gold projects.

The drilling will target shallow extensions to the Golden Wings deposit at Dalgaranga, where drilling in 2014 identified high-grade gold zones.

A Scoping Study on development options for Dalgaranga is nearing completion, and a revised Mineral Resource for Golden Wings will be estimated on completion of the current drilling.

Once completed, the RC drill rig will be mobilised to the Gaffney’s Find prospect at the Egerton project, to follow-up on shallow high gold grades intersected in late 2014.

The first program is expected to take approximately two weeks to complete, with assays expected to be received in approximately 4 to
5 weeks.

Anatolia Energy continues good drill run at Sefaatli

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THE DRILL SERGEANT: Anatolia Energy (ASX: AEK) has received initial results from a Phase 2 drilling program being carried out at the company’s Sefaatli uranium project in Turkey.

Anatolia said the drilling has continued to intersect up to four stacked lenses, within a number of consistently mineralised horizons at the project’s Deliler prospect.

Drilling at the Deliler prospect intersected further high-grade uranium with four holes returning:

SD79
3.7 metres at 890ppm uranium equivalent from 48.4m including 0.5m at 2,380ppm uranium equivalent;

SD72
1.7m at 1,440ppm uranium equivalent from 67.6m including 0.7m at 3,240ppm uranium equivalent;

SD73
1.4m at 650ppm uranium equivalent from 68.3m including 0.5m at 1,820ppm uranium equivalent; and

SD76
1.3m at 590ppm uranium equivalent from 56.3m including 0.5m at 1,540ppm uranium equivalent;

Other drilling conducted at the Tulu Tepe prospect has extended the mineralisation Anatolia discovered in its Phase I drilling from surface to depths exceeding 90m over an area of at least 1200m by 550m.

The company said the Tulu Tepe mineralisation remains open to the north and northeast where drilling continues.

Anatolia is planning to drill to test the near surface mineralisation discovered to the west of the village of Akcami, and to drill test for extensions within a 15 square kilometre area between Akcami, Tulu Tepe and Deliler.

“We are excited that our Phase 2 drilling continues to extend the uranium mineralisation well beyond our Phase 1 drilling,” Anatolia Energy managing director Paul Cronin said in the company’s announcement to the Australian Securities Exchange.

“Further drilling is now planned to extend the Tulu Tepe mineralisation to the northeast beyond our initial discoveries and into the 3.5 kilometre long prospective corridor that lies between Tulu Tepe and Deliler.

“With our newly discovered mineralisation to the west of the village of Akcami, we have now three uranium prospects requiring in-fill and step out drilling, and a highly prospective area of over 15 square kilometres that has had little to no historic exploration.”

Email: admin@anatoliaenergy.com.au

Website: www.anatoliaenergy.com.au

Cassini Resources heads back to the field

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) is back in the field, kicking off its 2015 exploration program, following the completion of a recent capital raising.

The company’s geologists are currently on the Succoth prospect re-logging and re-interpreting historical drill core from over 30 diamond holes to refine the geological model and to gain a better understanding of mineralisation controls.

A key element of the review is to better understand the potential for discovery of material nickel mineralisation within the prospect.

Disseminated copper mineralisation has previously been encountered over a strike of three kilometres, however, two smaller, nickel-rich zones have also been identified by previous.

The company said these nickel-rich zones have received limited exploration follow-up and have been identified as a high priority target.

In is ASX announcement, Cassini said it has identified a number of targets ready for drilling at Succoth and Nebo-Babel.

These include a diamond hole, which the company expects will test a recently-identified large DHEM conductor – known as Conductor M.

The conductor has been interpreted to potentially represent massive sulphides at the apparent down-plunge position of existing mineralisation.

Cassini has applied for a West Australian Government EIS funding grant to assist with drilling a single diamond hole to test the conductor.

The remainder of the drill program will be finalised after the examination of the new geophysical data, and is scheduled to commence in late June or early July.

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Impact confirms widespread rare PGMs at Broken Hill

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THE DRILL SERGEANT: Impact Minerals Limited (ASX: IPT) has received new assay data and undertaken a review of previous results from the company’s Broken Hill Joint Venture project.

Impact said the latest results have confirmed the presence of high-grade and rare platinum group metals in a wide arc stretching from the northeast to the southeast of Broken Hill in New South Wales.

The results have demonstrated high to very high grades of the rare platinum group metals (PGM) osmium, iridium, rhodium and ruthenium at a number of the JV prospects.

At the Platinum Springs prospect, a representative 120 kilogram sample of gossan returned:

19.6 grams per tonne platinum, 50g/t palladium, 3g/t rhodium, 3g/t osmium, 4.4g/t iridium, 2g/t ruthenium, 0.57g/t gold, 0.34 per cent nickel and 0.71 per cent copper;

The review of earlier work revealed a nearby drill hole completed by a previous explorer discovered a two metre thick zone of fresh massive sulphide from 45m depth that returned:

2m at 52g/t platinum equivalent comprising 10.9g/t platinum, 23.6g/t palladium, 4.5 per cent copper and 6.1 per cent nickel.

A one metre interval of this was sampled for the rare PGMS and returned:

1m at 1g/t rhodium, 1.3g/t osmium and 1.2g/t iridium.

The review also identified two other undrilled prospects in the Moorkai Intrusive Complex, where previous explorers identified rhodium in grab samples at Round Hill and Back Ridge including respectively:

5.6g/t platinum, 8.8g/t palladium, 0.8g/t rhodium, 2.4 per cent copper and 0.7 per cent nickel; and

5.2g/t platinum, 6.5g/t palladium, 1g/t rhodium, 0.6 per cent copper and 0.1 per cent nickel.

“These results reinforce our view that Impact’s Broken Hill project contains not just some of the highest grades of PGM reported in Australia but that they occur over a wide arc where we suspect even further PGM opportunities will be generated from more detailed surface exploration and drilling,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

Impact considers these results add to those recently achieved from the Red Hill prospect, also at the southern end of the project, where the company has identified six targets for further drilling.

The Broken Hill JV project (EL) E7390 is owned by Golden Cross Resources (GCR) and is the subject of two joint ventures, one between GCR and Impact and one between GCR and Silver City Minerals Limited (ASX: SCI).

Impact has earned 87 per cent of the rights to nickel, platinum and any other metals.

Should Golden Cross dilute to less than a 5 per cent interest in these rights then it has to transfer its interest to Impact for $1 (one dollar).

Silver City has the rights to base metal, silver and gold mineralisation associated with Broken Hill style mineralisation.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

KGL Resources extends Jervois lead-zinc-copper zones

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THE DRILL SERGEANT: KGL Resources (ASX: KGL) has completed a program of reverse circulation (RC) drilling at the company’s Jervois copper-silver-gold project in the Northern Territory.

The company said the drilling has extended high‐grade mineralisation at the project with highlights from the drilling including:

Marshall:

KJC122
14 metres at 2.53 per cent copper, 0.18 per cent lead, 1.71 per cent zinc, 27.8 grams per tonne silver, 0.22g/t gold from 263m, including 5m at 6.12 per cent copper, 0.2 per cent lead, 2.42 per cent zinc, 31.4g/t silver, 0.48g/t gold from 263m; and

KJC121
4m at 0.51 per cent copper, 7.91 per cent lead, 4.4 per cent zinc, 163.3g/t silver, 0.13g/t gold from 393m.

Reward:

KJC123
19m at 0.6 per cent copper, 3.36 per cent lead, 2.26 per cent zinc, 104.2g/t silver, 0.11g/t gold from 235m, including 6m at 0.96 per cent copper, 8.37 per cent lead, 4.64 per cent zinc, 162.9g/t silver, 0.16g/t gold from 235m.

KGL commenced the RC drilling program in early February at the Bellbird, Marshall‐Reward and Green Parrot Resources.

The drilling targeted poorly-drilled areas outside the current resources KGL considered to have potential for high‐grade mineralisation and are within the company’s proposed open pits or close to planned underground mine development.

“The polymetallic nature of parts of the Jervois mineralisation is adding value to the economics of the project as a whole,” KGL Resources managing director Simon Milroy said in the company’s announcement to the Australian Securities Exchange.

“In addition to the copper, lead and zinc we are typically seeing much higher silver and gold grades than the predominantly copper parts of the resource.

“The recent metallurgical test work on the lead‐zinc‐silver ore has shown that it can be batch processed through the copper plant to produce a high-grade mixed lead‐zinc concentrate.

“This means that the additional capital that was planned to be spent in the third year of operations to construct separate lead and zinc circuits will no longer be required”

With the drilling now complete, KGL indicated it has additional geological mapping, soil sampling and research work planned.

The company is waiting to receive further assay results from the drilling with results from over 3,000 samples still outstanding.

These will feed into an updated resource estimation KGL anticipates to be completed in July 2015.

Website: www.kglresources.com.au