Cassini beginning to unlock Succoth potential

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the first assay results from drilling undertaken at the Succoth prospect, a copper dominant system which lies 13 kilometres northwest of the Nebo and Babel nickel sulphide deposits, the company’s 100 per cent-owned West Musgrave project in Western Australia.

Cassini added a touch of drama to the announcement by entering a self-imposed ASX trading halt the previous afternoon.

The first hole of the recent drilling program, CZC0118 returned:

148 metres at 0.94 per cent copper, 0.09 per cent nickel and 0.24 grams per tonne PGE from 30m, including 42m at 1.38 per cent copper, 0.13 per cent nickel and 0.32g/t PGE from 102m.

Two follow-up holes have also been drilled. CZC0119, collared 50m west of CZC0118, tested the up-dip position and returned:

10m at 0.59 per cent copper from 50m and 44m at 0.69 per cent copper from 86m.

CZC0120 was drilled down-dip and did not intersect the target, which the company put down to a deviation of the hole.

 

Section 101850N showing significant intercept in CZC0118. Source: Company announcement

 

Cassini declared the results demonstrate up-dip continuity of mineralisation as well as the scale potential of Succoth, with the potential for mineralisation to be widening closer to surface.

The company has carried out a review of these results, combined with previous drilling, and local exploration drilling, which it claims has demonstrated Succoth could shape up to be a “globally significant” copper deposit.

“We inherited this project that had a number of individual holes – none of which provided a coherent sense of the mineralisation or the scope of the deposit,” Cassini Resources managing director Richard Bevan told The Resources Roadhouse.

“The first few holes we have drilled have shown some encouraging continuity with intersections along strike and it is now beginning to look like a real world-class project.”

Cassini has also received results from further drilling, which is testing beneath a historical aircore hole WMAC1379 (12m at 1.2 per cent copper from 19m).

The hole, CZC0131, returned:
26m at 0.61 per cent copper from 22m to identify a new zone of copper mineralisation.

A second hole has been planned to test this mineralisation at depth.

Hole CZC0131 is located approximately 1km to the south west of CZC0118.

Cassini believes this proximity highlights Succoth’s potential strike extent.

The company is now reviewing a number of other aircore anomalies it considers to represent further opportunities to discover additional lodes, which may extend strike length to up to three kilometres.

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Hammer Metals identifies new Mt Isa IOCG corridor

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has claimed to have defined a new iron oxide copper-gold (IOCG) corridor from a recent program conducted at the company’s Mount Isa project.

Hammer said its exploration program has defined what it believes to be a major new IOCG corridor extending from Mount Philp in the north through to Overlander, Andy’s Hill and Scalper in the south.

 

Project location. Source: Company announcement

 

The company has carried out preliminary 2D and 3D modelling of detailed gravity and high-resolution aeromagnetic data from its 100 per cent-owned Andy’s Hill and Overlander North prospects, which it said has enhanced the prospectivity of these targets.

Modelling of new gravity and magnetic data from the Dronfield IOCG prospect, located 25km to the southeast of Overlander is currently in progress.

Hammer anticipates to be able to report results from this work within the current quarter.

“Following on from the recently announced drilling results at Overlander North, Kalman and Scalper, the modelling of the new geophysical data has further enhanced our understanding of our IOCG target areas with exciting results,” Hammer Metals chief executive officer Alex Hewlett said in the company’s announcement to the Australian Securities Exchange.

“Hammer’s Mount Isa tenement holdings cover a range of large altered and mineralized systems with key characteristics of IOCG deposits.

“The results of this work will help focus the next phase of exploration in this emerging province.”

Website: www.hammermetals.com.au

AusAmerican assays improve Moubri copper hits

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THE DRILL SERGEANT: AusAmerican Mining (ASX: AIW) has received the first drill core assay results from the Moubiri mine, which is part of the company’s due diligence program in regards to the acquisition of 77.58 per cent of Shenglong Investment International Ltd.

Shenglong has previously drilled 14 diamond core holes during 2013, of which two intercepted the Moubiri production ore body.

AusAmerican explained that as part of its due diligence program the company has logged the drill holes, supervised analyses by handheld XRF and the cutting/sampling of the drill core.

The drill core was assayed by Acme La boratories (Vancouver) by 4 acid digest with an ICP finish and has consistently returned higher copper grades than originally published, including:

Main DSO mineralised zone (ZK130401) increased width and grade:

8.55 metres (down hole) at 11.9 per cent copper, 29.6 per cent lead, 19.4 per cent zinc and 159.2g/t silver.

Significant increase in copper grade in the sandstone unit:

17m at 5.1 per cent copper (XRF result) increased to 16.7m at 11 per cent copper (assay result);

9.4m at 3.8 per cent copper (XRF result) increased to 9.5m at 6.2 per cent copper (assay result); and

12.4m at 5.6 per cent copper (XRF result) increased to 15.7m at 9 per cent copper (assay result).

“The results again give significant credibility to the company’s short term business plan in increasing production at Moubiri over the next six months to 200 to 250 tonnes per day with all key due diligence results to date confirming the company’s current production model,” AusAmerican mining said in its ASX announcement.

 

Website: www.ausamerican.com

St George has more nickel success at Windsor

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has reported further successful drilling results from Phase 2 of the 2014 drilling campaign at the company’s 100per cent-owned East Laverton property in Western Australia.

Interim XRF results for drill hole WINRC007, the latest hole completed at the Windsor nickel prospect, indicate the hole intersected two mineralised ultramafic units ‐ 18 metres at 0.33 per cent nickel from 179m and 60m at 0.31 per cent nickel from 238m.

Higher grade zones encountered within these intervals include:

4m at 0.46 per cent nickel from 280m;

2m at 0.53 per cent nickel from 287m; and

The highest nickel value St George has encountered at Windsor to date:

1m at 0.76 per cent nickel from 287m.

 

XRF geochemical profile of WINRC007. Source: Company announcement

 

“The Phase 2 drilling program is delivering some excellent results which have created significant new value for our exploration project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“In particular, our drilling at Windsor has been successful in progressing what was a single nickel sulphide intersection – the DRAC38 discovery hole by BHP Billiton ‐ into an important nickel prospect.

“The multiple occurrences of disseminated nickel sulphides at Windsor evidence the strong potential of this prospect to host a massive nickel sulphide body.

“This is an important achievement in our systematic search for an economic nickel sulphide deposit at East Laverton which has brought us substantially closer to potential exploration success.”

Website: www.stgm.com.au

PLD brings Admiral Bay Resource up to JORC 2012

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THE DRILL SERGEANT: PLD Corporation (ASX: PLD) has completed a review of historical data from the Admiral Bay project, located in the coastal region of the Great Sandy Desert in Western Australia.

The review has enabled the company to now re-state the historical drill hole results and Mineral Resource Estimation (MRE) outputs in compliance with the JORC Code 2012.

PLD claims the results of the review confirm the project to be one of the world’s most substantial undeveloped zinc deposits.

The MRE for the Admiral Bay project currently stands at:

72 million tonnes at 5.4 per cent zinc equivalent (ZnEq) for 4.31 million tonnes of contained zinc and lead.

According to PLD higher grade zones of greater than 5 per cent zinc or lead as well as substantial intersections (20m–75m) indicate potential to improve the MRE.

The MRE is currently limited to a 2.1 kilometre strike of an 18km long mineralised corridor, which has been partially drill tested achieving a high success rate of mineralised drill intersections, which the company has also interpreted to indicate potential to improve the MRE.

PLD indicated it is now compiling a Mineral Resource upgrade and conducting a metallurgical testwork review as part of the due diligence process.

“The review confirms Admiral Bay as a Tier 1 zinc deposit…which shows extraordinary continuity,” PLD Corporation managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“The company is now working through a Mineral Resource upgrade and metallurgical testwork review as part of the due diligence process.

“Discussions have commenced with a wide range of potential development partners,”

Kasbah upgrades Western Zone Resource at Achmmach

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THE DRILL SERGEANT: Kasbah Resources (ASX: KAS) has upgraded the Indicated Mineral Resource for the Western Zone (WZ) at the company’s Achmmach tin project in Morocco.

Extensional drilling at the Western Zone target at Achmmach has upgraded the Indicated Mineral Resource to 340,000 tonnes at 1.25 per cent tin for 4,200 tonnes contained tin.

This represents a 31.5 per cent increase in resource grade, a 53.8 per cent increase in Indicated tonnage and a 100 per cent increase in contained tin from the Resources estimate the company released in February.

Kasbah said the WZ tin mineralisation now covers 235 metres of the Sidi Addi Trend strike with multiple tin structures up to 8m wide.

It extends approximately 200m below surface and remains open along strike to the east and down dip.

 

Location plan – Achmmach tin project. Source: Company announcement

 

According to Kasbah the WZ Resource is amenable to open-pit mining but geometry and economics are likely to favour underground extraction.

“An Indicated Resource Grade of 1.25 per cent tin is a fantastic result,” Kasbah Resources managing director Wayne Bramwell said in the company’s announcement to the Australian Securities Exchange.

“Grade will always be king and the higher metallurgical recoveries achieved from Kasbah’s testwork makes the WZ an increasingly valuable early extraction target.

“Alongside other DFS enhancement opportunities, Kasbah can now integrate the WZ into the DFS base case and evaluate connecting the WZ with the planned Meknes Trend Central Decline.”

Email: info@kasbahresources.com

Website: www.kasbahresources.com

Centaurus expands DSO potential at Candonga

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) claims to have confirmed potential for high‐grade Direct Ship Ore (DSO) mineralisation at the company’s new Candonga West DSO iron ore project in south‐east Brazil.

The claims come after the completion of a ground magnetic survey, which Centaurus said had verified the location of a number of targets identified during a surface mapping program.

The company said the survey had also identified new sub‐surface anomalies it considers to be prospective for high‐grade DSO mineralisation.

The Candonga West project is located eight kilometres from Centaurus’ 100 per cent-owned Candonga DSO project, where first production is planned for Q2 2015.

 

Candonga project location map. Source: Company announcement

 

The company hopes it can either expand or extend the mine life of its proposed 300,000 tonnes per annum Candonga DSO operation.

Centaurus has commenced an auger drill program at Candonga West and is also investigating options for a gravity (density) survey, which it hopes will produce an accurate 3D model to assist with future diamond and RC drill‐hole targeting.

“The information from the magnetic surveys and ground mapping has helped us to refine drill targets and design a drill program for the first quarter of next year that will allow us to define initial JORC-compliant Mineral Resources at Candonga West,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.

“As we move towards the development of an efficient, small‐scale 300,000 tonnes per annum DSO operation at Candonga with very low capital and operating costs, we are clearly demonstrating a longer term growth path for the company at Candonga West, which has the potential to emerge as a second complementary production hub.”

Email: office@centaurus.com.au

Website: www.centaurus.com.au

Cassini receives final Nebo assays

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the final results from a recent drill program, which targeted the Nebo deposit, part of the company’s 100 per cent-owned West Musgrave project in Western Australia.

The final batch of drill holes at Nebo encountered a number of high-grade intercepts, including:

CZC0009
9 metres at 2.60 per cent nickel, 1.13 per cent copper from 72m, within 20m at 1.52 per cent nickel, 0.80 per cent copper from 65m;

CZC0047
8m at 1.25 per cent nickel, 0.76 per cent copper from 143m;

CZC0061
4m at 1.59 per cent nickel, 0.83 per cent copper from 172m, within 13m at 0.91 per cent nickel, 0.83 per cent copper from 164m;

CZC0062
4m at 1.25 per cent nickel, 2.03 per cent copper from 62m, within 13m at 0.62 per cent nickel, 0.91 per cent copper from 62m;

CZC0072
3m at 2.06 per cent nickel, 0.26 per cent copper from 119m, within 20m at 0.80 per cent nickel, 0.49 per cent copper from 102m; and

CZC0076

5m at 1.17 per cent nickel, 0.67 per cent copper from 74m, within 13m at 0.70 per cent nickel, 0.51 per cent copper from 74m.

 

Nebo drill location plan showing zones of mineralisation and selected drill results. Source: Company announcement

 

Cassini claims the final batch of assay results from Nebo has confirmed the company’s working model of a high-grade core of mineralisation occurrence along the strike of the deposit.

The company believes the continuity of the mineralisation has been confirmed with mineralisation also appearing to remain open down dip in the south west corner of the deposit.

“Mineralisation is unconstrained at either end of the deposit and potentially remains open,” Cassini Resources said in its ASX announcement.

“While only modest grades were returned from the most eastern hole of the program, CZC0083, did demonstrate the continuity of the host intrusion, a fact which had not previously been identified.

“This presents another exploration target to be assessed in 2015.”

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Hot Chili continues mineralisation at Alice

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THE DRILL SERGEANT: Hot Chili (ASX: HCH) has received results from a second round of drilling recently undertaken at the Alice discovery at the company’s Productora copper project.

Hot Chili claims the results have highlighted the potential for a substantial increase in Mineral Resources and Ore Reserves for the project.

The company said the latest results also support its view that Alice may host porphyry-style mineralisation.

The latest results are from a second hole located 200m south of the initial Alice discovery intersection the company reported earlier this month of:

151 metres at 0.4 per cent copper from 116m down-hole, including 54m at 0.5 per cent copper and 0.1 grams per tonne gold from 128m down-hole.

This second hole intersected:

26m at 0.7 per cent copper from 95m down hole, followed by 105m at 0.4 per cent copper from 175m down-hole.

According to Hot Chili this results has substantially expanded the known extent of the mineralisation at Alice.

 

Cross-section displaying the location of the Alice discovery in relation
to the planned central pit design at Productora. Source: Company
announcement

 

Follow-up holes have also recorded intersections of visual sulphides, with assays pending.

Hot Chili indicated further drilling and analysis is required in order for the style of mineralisation to be confirmed.

“The impact of this discovery on the size and economics of Productora is potentially significant,” Hot Chili managing director Christian Easterday said in the company’s announcement to the Australian Securities Exchange.

“The results so far suggest Alice could make a material contribution to the inventory at Productora and therefore further strengthen the project’s economics through increased scale and mine life.

“The importance of the Alice discovery could be even greater if it is porphyry-style mineralisation because it would suggest there is the potential for a cluster of similar deposits to exist around the planned central pit.”

The Alice deposit is the first confirmation Hot Chili has achieved of mineralisation outside the Productora main zone, which hosts Productora’s entire Mineral Resource of more than 1 million tonnes of copper and 675,000 ounces of gold.

Email: admin@hotchili.net.au

Website: www.hotchili.net.au

Orion Gold encouraged by Connors Arc geophysical results

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THE DRILL SERGEANT: Orion Gold (ASX: ORN) has been encouraged by the receipt of promising initial results from the first lines of a geophysical survey being undertaken at the Aurora Flats prospect, located within the company’s 100 per cent-owned Connors Arc epithermal project in Central Queensland.

The first two lines of the high resolution IP/resistivity survey have been completed including one over historical drill hole AFRC001, which intersected 1m at 1.14 grams per tonne gold and 77ppm silver.

Although the data is still being processed, Orion has observed resistive features in locations predicted by the company’s mapping of epithermal vein sets.

“Given that quartz veins are resistive in nature it is interpreted that the broader resistive features indicate substantial veining at depth,” Orion Gold explained in its ASX announcement.

“The company awaits final processing to refine the modelling of the resistivity anomalies and allow for drill siting.”

 

Chargeability (top) and resistivity (bottom) pseudosections from line 3A. Source: Company announcement

 

Results from the survey indicate Line 3A has detected two chargeability anomalies – one down dip of mapped quartz veining and the AFRC001 intersection and another to the east, vertically below mapped epithermal quartz veining and stockworks.

The chargeability anomalies appear to be strongest at depths of approximately 250m to 300m below surface, which Orion said in epithermal systems, represents the top of the ‘critical
Zone’ for metals deposition.

So far, the company has identified three discrete resistivity anomalies based on the preliminary inversion data – one correlates with mapped quartz veining in the centre of the IP line and the other two appear to correlate with chargeability anomalies.

Line 2 detected a broad resistive zone below the corridor of mapped epithermal veins, which the company has interpreted to represent the continuation of these veins at depth.

“A strong chargeability anomaly lies below this resistive zone and further processing will refine the magnitude and location of this anomaly,” Orion said.

Orion has also pointed out a strong resistivity anomaly in the eastern part of the section to be of interest as it has a correlating moderate level chargeability anomaly that appears strongest at its western margin.

The company considers this anomaly requires further work to interpret in a geological context given it occurs below a rhyolite cap which, would obscure any surface expression.

Email: info@oriongold.com.au

Website: www.oriongold.com.au

 

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