Kin Mining makes immediate start at Leonora

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) is set to commence resource evaluation, drilling and feasibility activities at the company’s newly-acquired Leonora gold project (LGP) in Western Australia.

The Leonora project is located 35 kilometres north-east of the mining centre of Leonora in the north-eastern Goldfields region of WA.

It comprises the Mertondale, Cardinia, Raeside and Gambier Lass project areas, which Kin considers to complement its current asset holdings in the area.

Kin has already embarked on technical studies aimed at taking the project’s existing Indicated and Inferred Resource base from JORC 2004 to JORC 2012 compliant status.

According to the company this work is well advanced and is expected to be completed by Q1 2015, which it believes will provide a sound base for the company to embark on a Feasibility Study.

Kin indicated it also intends to undertake a program of close-spaced resource definition drilling at the high-grade Tonto deposit, one of several deposits for which pit optimisation studies were completed by the project’s previous owner, Navigator Resources.

Kin has identified what it believes to be an early-stage production opportunity at Tonto and it intends to drill out the near-surface portion of this deposit following completion of the current drilling program at the Kingfisher nickel-copper prospect.

“The company was very pleased to announce completion of the LGP transaction, with the transfer of the assets giving it full ownership of one of the largest undeveloped gold projects in Western Australia,” Kin Mining managing director Trevor Dixon said in the company’s announcement to the Australian Securities Exchange.

“Kin now has a very large gold inventory totalling approximately one million ounces on its books, with optimisations completed on a several high-grade pits which represent near-term production opportunities.

“We are confident that we can convert a significant proportion of our very large gold inventory, firstly into JORC 2012 ounces and then into mineable ounces and reserves, allowing us to make the transition to gold producer in the near term.

“This is an exciting time for Kin Mining, with the transaction completed this allows us to move forward and execute our growth strategy.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

IMX receives Nachingwea JV data

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THE DRILL SERGEANT: IMX Resources (ASX: IXR) has received all exploration data and interpretations from MMG Exploration Holdings in regards to the Nachingwea property in south-east Tanzania.

The handover follows MMG’s decision in August to cease sole funding the Nachingwea Joint Venture after meeting its Stage 1 expenditure commitment of US$10 million, allowing it to earn a 15 per cent interest in the Nachingwea property.

 

Ntaka Hill project location. Source: Company announcement

 

IMX is now manager of the JV responsible for determining exploration programs and budgets.

MMG has elected to dilute its JV interest rather than contribute to ongoing exploration, including at Chilalo and Kishugu.

IMX indicated that although it focus will remain on the exploration of its Chilalo graphite and Kishugu gold prospects at Nachingwea, MMG’s data would provide a framework for future nickel sulphide exploration.

“While we don’t intend to focus on nickel sulphide exploration in the near-term, the exploration that has been conducted to date indicates there is potential to establish a nickel project in the future at Ntaka Hill,” IMX Resources acting CEO Phil Hoskins said in the company’s announcement to the Australian Securities Exchange.

“In the current nickel environment, and with the strong outlook for nickel over the next few years, we see Ntaka Hill as a strategic asset that has the potential to add value for our shareholders,” he said.

MMG’s exploration program at Nachingwea included campaigns of geophysics, regional soil geochemistry surveys and reverse circulation and diamond drilling.

Intersections from MMG’s drilling include:

NAD14-394
12.7 metres at 1.10 per cent nickel and 0.41 per cent copper from 218.3m;

NAD14-394
7.75m at 0.85 per cent nickel and 0.20 per cent copper from 237m; and

NAD14-401
14m at 1.04 per cent nickel and 0.21 per cent copper from 314m.

“While exploration at Nachingwea did not meet MMG’s objective of identifying a substantive high-grade mineral resource capable of meeting its development parameters, Ntaka Hill remains an important nickel sulphide deposit that represents a medium-term development opportunity under the right set of circumstances,” Hoskins continued.

IMX said that beyond the nickel prospectivity, the potential benefits of MMG’s exploration program are further highlighted by the datasets the company has inherited, which had played a part in the identification of the Kishugu gold prospect.

The company is continuing to analyse these datasets, which it considers to have potential to generate a pipeline of future prospects.

Email: info@imxres.com.au

Website: www.imxresources.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.

Drilling Big Red in the Fraser Range

Rumble Resources (ASX: RTR) has scheduled the maiden drilling program for the company’s Big Red project in the Fraser Range.

Drilling contracts have been awarded to DDH1 with the drilling rigs to be mobilised for the 7 November 2014.

Drilling of four RC/Diamond holes, designed to test the EM conductor within the interpreted Voisey Bay feeder Structure, is expected to take two weeks to complete with assays to follow.

Following the completion of the program a down-hole EM survey will looked to be scheduled to provide a diagnostic test of the bedrock conductor.

As part of the exploration activities Rumble has been awarded $150,000 to co-fund exploration on the Big Red project through the WA Government’s Exploration Initiative Scheme (EIS).

Drilling commences at Little Butte, Arizona

Carnavale Resources (ASX: CAV) has commenced drilling on the Railway prospect, at the company’s Little Butte project in Arizona USA.

The initial focus is to test for shallow, open pittable, oxide gold resources hosted along a regional north-south shear zone, where previous drilling intersected high-grade gold in two sub-vertical primary structures and broad zones of remobilised supergene gold and copper in highly weathered sediments (siltstone and sandstones).

The drilling will focus on defining infill holes to confirm continuity of the higher grade gold mineralisation along each north south structure and also extensions along approximately 450 metres of strike.


Drilling at Commonwealth

Impact Minerals (ASX: IPT) is ready to proceed with a drill program to test a number of targets for high-grade nickel-copper-platinum group metal deposits at the Broken Hill Joint Venture Project in New South Wales following the receipt of all statutory approvals.

Impact recently earned 51 per cent in the rights to nickel-copper-PGE mineralisation from Golden Cross Resources (ASX: GCR) and has elected to earn an 80 per cent interest by spending a further $200,000.

This expenditure will be completed during the forthcoming drill program at the Red Hill prospect, for which Impact was recently awarded a grant of $125,000 under the N.S.W. State Government’s Co-operative Drilling Funding Program.

Access track and drill site preparation will commence with the aim of commencing drilling by mid-November.

An Induced Polarisation ground geophysical survey comprising three lines over the Red Hill intrusion also commenced.

The results of this survey will be used to refine the drill targets identified in soil geochemistry and rock chip data.


RC Drilling to commence at Plato South

Enterprise Metals (ASX: ENT) is to commence its Plato South reverse circulation (RC) drilling program in the Fraser Range following a delay due to heavy rain.

Over 90mm (+3.5 inches) of rain prevented the drill rig from reaching the prospect.

The drilling at Plato South is designed to test three ground electromagnetic (EM) targets identified from fixed loop EM (FLEM) surveys carried out over Plato South in August 2014.

Priority hole locations have been identified, but clearance and approval has been received for up to 15 holes if required.

Pending the completion, modeling and interpretation of other ongoing FLEM surveys over Plato East, Oceanus and Highway, scout RC drilling of these targets may also be undertaken while the rig is in the Fraser Range.


Drilling kicks off at Natougou

Orbis Gold (ASX: OBS) continues to taunt its takeover suitor SEMAFO with the commencement the next phase of resource delineation and exploration drilling at the company’s Natougou gold project in south‐east Burkina Faso.

Drilling completed to date by Orbis in the Natougou area has defined one of the highest grade open pit gold deposits in West Africa with a total Mineral Resource of 18million tones at 3.4g/t gold for 2 million ounces of contained gold.

Multiple targets will be drill tested across the broader project area, looking for potential for expansion of the current Mineral resource inventory (including step‐out drill targets) and targets that provide opportunities for new deposit discoveries.

The company’s objectives from this new drilling program are to:

Expand the current Natougou Mineral Resource inventory;

Discover new gold deposits within the greater Natougou area;

Delineate Indicated Mineral Resources and Measured Mineral Resources for subsequent definition of Ore Reserves; and

Apply the additional high-grade gold mineralisation to further optimisation, mine life extension and enhancement of the Natougou gold project.

Magnis continues graphite hits at Nachu

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THE DRILL SERGEANT: Magnis Resources (ASX: MNS) has received assays from recent drilling carried out at the company’s Nachu graphite project in Tanzania.

Magnis has drilled some 139 holes since commencing its 2014 drill program commenced in July, from which it has received 11,133 graphitic carbon assay results representing over 70 per cent of total samples submitted.

High-grade graphite intercepts include:

NARC109
12 metres at 11 per cent graphitic carbon (GC) including 4m at 22.9 per cent GC;

NARC111
21m at 9.3 per cent GC including 5m at 10.8 per cent GC;

NARC121
19m at 9.5 per cent GC including 8m at 12.6 per cent GC; and

NARC120
26m at 8.6 per cent GC including 6m at 16.7 per cent GC.

The company said remaining assays required for a final resource calculation are scheduled to be received within the week for the completion of a maiden JORC resource in November.

“Today’s assays continue to confirm the quality that we see in our Nachu project,”Magnis Resources CEO Dr Frank Houllis said in the company’s announcement to the Australian Securities Exchange.

“Following our remarkable metallurgical results released last week which showed that our project is consistently producing a product with the highest percentage of large and jumbo flake graphite that we have seen in any project worldwide.

“We look forward to releasing our maiden JORC resource towards the end of November”.

Magnis said its drilling has confirmed graphitic schist and graphite mineralisation is present in multiple horizons throughout the Nachu graphite project.

Mineralisation modelling is continuing using multiple drill hole intersects and evaluation of all available drill data.

Cassini continues run of results with Nebo drilling

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has released further high-grade drilling results from an ongoing infill drilling program being carried out at the Nebo deposit within the company’s 100 per cent-owned West Musgrave project, located in Western Australia.

The company has received results from another 21 holes from Nebo, which include:

CZC0036
12 metres at 2.25 per cent nickel, 1.17 per cent copper from 91m within 34m at 1.32 per cent nickel, and 1.11 per cent copper from 77m;

CZC0029
8m at 2.26 per cent nickel, 1.57 per cent copper from 46m;

CZC0006
12m at 1.56 per cent nickel, 0.88 per cent copper from 118m and 5m at 1.96 per cent nickel, and 1.71 per cent copper from 135m;

CZC0037
12m at 1.23 per cent nickel, 0.44 per cent copper from 103m;

CZC0018
6m at 1.13 per cent nickel, 1.28 per cent copper from 29m within 23m at 0.68 per cent nickel, and 0.89 per cent copper from 15m;

CZC0040
8m at 1.15 per cent nickel, 1.04 per cent copper from 24m within 28m at 0.68 per cent nickel, 0.65 per cent copper from 9m; and

CZC0042
5m at 1.62 per cent nickel, 0.69 per cent copper from 93m within 25m at 0.65 per cent nickel, 0.51 per cent copper from 93m.

Cassini indicated it is waiting on further assay results, which it expects will continue to demonstrate extensions of this high-grade massive sulphide breccia zone along strike.

The company believe the latest results have already shown continuity greater than what has been predicted by its current resource model (particularly on section 372200E) and anticipates it to have a positive impact on a new Resource Estimate scheduled to commence at the end of the program.

“The results from the Nebo drilling program continue to surpass our expectations,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“The deposit is quickly becoming a premier open-pit nickel sulphide deposit.

“We are genuinely excited about the potential of these deposits, and with it, the broader region.”

Cassini said it had now completed RC Drilling at Nebo and both RC rigs have moved to Babel.

Results from approximately half of the Nebo program remain outstanding, but are expected to be received in the coming weeks.

24 holes have already been completed at Babel with first results expected by mid-November.

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

Mincor encounters high-grade nickel at Burnett

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THE DRILL SERGEANT: Mincor Resources (ASX: MCR) has encountered a series of nickel intersections at the Burnett Resource, which is the northern extension of the company’s Miitel nickel mine at Kambalda in Western Australia.

The company believes the results could lead to an upgrade to the existing Mineral Resource at Burnett and trigger development of a new mining front at Miitel.

The latest intersections include:

UMI-14-071A
10.97 metres at 3.62 per cent nickel from 181.87m (estimated true width 6.5metres);

UMI-14-072
1.73m at 6.06 per cent nickel from 189.13m (estimated true width 0.9m);

UMI-14-064
1.67m at 2.69 per cent nickel from 115.71m (estimated true width 1.5m).

The Burnett deposit is the faulted offset of the northern end of Mincor’s Miitel ore body, which is currently in production at a rate of approximately 4,200 tonnes of nickel-in-ore per annum.

Burnett contains an estimated Mineral Resource of 240,000 tonnes at 3.7 per cent nickel for 9,000 tonnes of nickel metal.

Mincor explained thatapproximately 70 per cent of this Resource – 6,300 tonnes of nickel metal – is situated in the B02 surface located about 700m north of current mine infrastructure, with the balance in the smaller, lower-grade B01 surface located between the B02 and the mine infrastructure.

“To date the economic viability of Burnett has been impaired by the distance between the main B02 Resource and mine infrastructure, with the intervening B01 Resource being too small and too low-grade to provide the necessary ‘stepping stone’ to moderate the capital outlay required to reach the B02,” Mincor Resource said in its ASX announcement.

“Crucially, these latest drilling results are from the B01 surface, and suggest that further drilling may outline additional zones of thick high-grade mineralisation in the B01, fundamentally improving the economics of the entire Burnett Resource.

“This could have far-reaching implications for the future of Miitel, as a second strong mining front at North Miitel could not only extend Miitel’s mine life and increase its production rate, but would also open up a new exploration front beyond the B02 to the north.”

Website: www.mincor.com.au

MacPhersons drilling indicates Nimbus Resource-Reserve update

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THE DRILL SERGEANT: MacPhersons Resources (ASX: MRP) announced that recent drilling at the company’s Nimbus silver-zinc-gold project near Kalgoorlie has established continuity of gold mineralisation between a series of planned open pits.

The company said this could lead to an increase in resources and reserves for the project.

Having completed drilling of the gold zone at the Boorara gold deposits within the Nimbus project, MacPhersons has commenced resource modelling for the Bankable Feasibility Study (BFS).

MacPhersons had planned to develop up to seven separate open pits at Boorara, which would provide gold ore for the heap leach operation at Nimbus,however, the latest drilling, which was done as part of the Nimbus Bankable Feasibility Study, intersected mineralisation in the areas between the planned pits.

The company said this mineralisation is expected to have an average grade of about one gram per tonne, which it considers to be in line with the existing reserve grade at Boorara (3.3 million tonnes at 1g/t gold).

The latest results have MacPhersons looking at reducing the number of open pits at
Boorara to just two or three larger and deeper pits.

It now also expects to complete a resource update in the March Quarter of next year, with a reserve update and finalised mine plan to follow early in the June Quarter.

This will then complete all the Boorara-related work needed for the Nimbus BFS.

Drilling is continuing at the Nimbus lenses as part of the BFS, which is due for completion early in the June Quarter next year.

“The drilling programs are aimed at extending the overall project inventory and increasing the existing mine life beyond 5.5 years,” MacPhersons Resources said in its ASX announcement.

“At the Boorara deposits, the latest drilling returned a number of higher-grade intersections (up to 120g/t gold) which were open at depth and along strike.

“The geo-technical diamond drilling was done mainly for the open pit wall design and therefore these holes were drilled outside the mine model.

“However, considerable mineralisation was encountered which will be considered in the new design model.”

Email: info@mrpresources.com.au

Website: www.mrpresources.com.au

Investigator drilling reveals new silver systems near Paris

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) announced results for 50 of the 60 holes it has drilled as the final part of recent scout drilling carried out within the company’s 100 per cent- owned Peterlumbo tenement.

The prospects drilled range from immediate extensions within a three kilometre radius of the 20 million ounce silver Paris project to several satellite prospects within 5km to 35km from Paris.

Investigator said its initial assessment of the geology and assays received from the recent scout drilling indicate a new large Paris-style system at Diomedes, 7km northeast of Paris and potentially at the undrilled Argos North target 5km northwest of Paris.

Best silver and lead intersections encountered at Diomedes and Argos include:

Argos:
42m at 11.1 grams per tonne silver 0.46 per cent lead 0.30 per cent zinc from 21m; and

6m at 91.9g/t silver 0.12 per cent lead 0.27 per cent zinc from 60m.

Diomedes:
42m at 4.7g/t silver 0.84 per cent lead 0.47 per cent zinc from 93m to bottom of hole.

The company explained these are in addition to the Ajax silver-lead target and magnetic copper-gold targets previously announced for Helen-Nankivel, Trojan Horse and Odysseus.

“With each drill program we identify and unlock new mineral potential around the Paris silver project,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“The new Diomedes and Argos North silver-lead targets are exciting additions to untested copper-gold potential revealed by the last round of assays.

“We are pursuing the opportunities for both silver and copper target styles with airborne magnetic surveys just completed and upcoming soil geochemistry and heritage surveys.

“The aim is to use our strong cash position to start follow-up drilling before the end of 2014.”

Email: info@investres.com.au

Website: www.investres.com.au

Rox increases Teena strike length

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has received assay results from an ongoing core drilling program being undertaken at the Teena zinc prospect.

The Teena prospect is part of the company’s Reward project, located in the Northern Territory.

 

Reward project tenement plan showing prospect locations. Source: Company announcement

 

Rox claimed assay results from the first hole of the 4,000 metre drilling program have confirmed visual results it announced in September 2014.

According to the company diamond drill hole TNDD013 has extended the drilled strike length of known mineralisation at Teena to over 1.5 kilometres.

Results include:
3 metres at 10.1 per cent zinc and lead from 670 to 673m, and 7.7m at 9.9 per cent zinc and lead from 678 to 685.7m.

These intercepts were recorded within a wider intersection of 35m at 6.1 per cent zinc and lead from 665 to 700m.

Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“We are delighted that the first hole of the 4,000 metre drilling program has extended the strike length of mineralisation at Teena, which further strengthens our belief that we are dealing with a very large deposit,”

“We look forward to further results from the drilling program over the next two to three months.”

The Reward project is subject to an option/joint venture agreement between Rox (49 per cent) and Teck Australia (51 per cent), a subsidiary of Canada’s largest diversified resource company Teck Resources Limited.

Teck has elected to exercise the option to increase their JV interest to 70 per cent by expending up to $15 million in total by 31 August 2018.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

Gold Road finds more gold targets

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has identified two further gold trends hosting six gold anomalies located on the Pacific Dunes‐Corkwood Gold Camp Scale Target in the north of the company’s Yamarna tenement package in Western Australia.

Gold Road said the new targets, which have a combined strike length in excess of 25 kilometres, were identified during a recently conducted reconnaissance drilling program.

 

Plan view of the Pacific Dunes‐Corkwood Targets derived from Aircore
drilling, based on coincident geological and geochemical anomalism.
Source: Company announcement

 

“The identification of these six new targets on the previously untested Pacific Dunes‐Corkwood Gold Camp Scale Target further demonstrat the high prospectivity of the approximately 5,000 square kilometre Yamarna Belt,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“The continued success of our regional drilling programs underpins our ongoing exploration strategy of finding and proving up a number of quality gold deposits throughout Yamarna – signifying the gold region’s strong prospectivity.”

Gold Road described the six gold targets to be variably associated with shear zones at favourable lithological contact boundaries and intersections with large‐scale regional cross‐cutting structural trends.

The company also pointed out the identification of Banded Iron Formations and cherts, which it emphasised are integral host rocks in many major gold deposits in the Western Australian goldfields.

The latest work also identified broad zones of gold and pathfinder anomalism associated with large felsic intrusive bodies with the central part of the target area hosting a thick ultramafic unit characterised by a cobalt-copper-chromium-nickel suite with a pyroxenitic signature.

While being difficult to articulate this apparently has been interpreted as a komatiitic unit, which has been either structurally thickened, or a lava channel environment, potentially favourable for nickel mineralisation.

Gold Road indicated this will be further assessed for its nickel potential.

Email: perth@goldroad.com.au

Website: www.goldroad.com.au