Krucible hits visible copper at Tobermorey

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THE DRILL SERGEANT: Krucible Metals (ASX: KRB) has announced the most recent drill hole it has completed at Tobermorey (EL28170) intersected two separate zones of visible malachite and chalcopyrite in a quartz vein host.

The tenement is situated just on the Queensland border in the Northern Territory and is located 60 kilometres west of the company’s Toomba EPM on the margins of the Simpson Desert.

 

Location plan showing Krucible tenements. Source: Company announcement

 

Krucible explained this hole was the first it has drilled to target this anomaly adding it finished in mineralisation at 121 metres.

The company’s initial ground reconnaissance located a number of parallel quartz veins and coarse magnetite veins and breccias.

“Further exploration along this trend revealed outcropping quartz breccias with copper mineralisation disseminated in the vein as well as in massive sulphide veins within the quartz including a 200 metre outcrop hosting copper mineralisation to the north.,” Krucible Metals said in its ASX announcement.

Krucible considers Tobermorey to be prospective for copper/gold mineralisation similar to IOCG style deposits such as Tropicana in Western Australia and Olympic Dam in South Australia, which are related to magnetic and or major structural features.

Initial images from processing work conducted by GeoDiscovery from a magnetic survey completed on Tobermorey in July 2014 identified northwest trending structural targets through the Elstone prospect.

Krucible announced in October further 3D modelling would be completed on these features and the data has now been received.

“This imaging and processing analysis highlighted a number of northwest trending magnetic ridges which appear to be associated with surface sampling base metal anomalism carried out by Krucible in July 2013,” the company said.

“A number of these interpreted structural magnetic ridges are shallow at less than 100 metres in the northeast and southeast areas of the survey, and deeper in the central area where they are visible at 150 metres below surface.”

Krucible said it has interpreted the magnetic ridge in the northeast corner to be connected to the Toomba Fault.

The company went on to declare its interpretation of the central zone of magnetic ridges and troughs to possibly be an extension of the Adam Fault to the north.

It also believes another set of magnetic ridges located to the south to be an extension of the Stella/Dukes shear zone in the Toomba EPM15367 to the southeast.

Email: admin@kruciblemetals.com.au

Website: www.kruciblemetals.com.au

KGL hits further high-grade intersections at Jervois

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THE DRILL SERGEANT: KGL Resources (ASX: KGL) has reported further high-grade intersections generated by an ongoing program of in-fill resource drilling at the company’s Jervois copper-silver-gold project in the Northern Territory.

Latest results include:

JOC206
14 metres at 4.17 per cent copper, 77.1 grams per tonne silver, 1.42 grams per tonne gold from 18m;

JOC207
16m at 2.55 per cent copper, 93.8g/t silver, 0.49g/t gold from 56m;

JOC179
11m at 3.24 per cent copper, 24.7g/t silver, 0.26g/t gold from 44m; and

JOC212
8m at 3.59 per cent copper, 37.2g/t silver, 0.28g/t gold from 29m.

KGL explained the second program of resource definition drilling at Marshall-Reward and Bellbird commenced in early October, which was designed to convert Inferred resources within the optimised open pits to the Indicated category and ultimately into Reserve.

“Initial assay results have been received and continue to confirm the shallow, high-grade mineralisation intersected in the first program,” KGL Resources said in its ASX announcement.

“Enrichment of copper at shallow depth and elevated silver and gold will have a positive impact on the economics of the open pits and the project as a whole.”

The recent drilling consisted of two holes, which were drilled to test copper occurrences with minor workings along the newly defined Bellbird East trend.

The best results include: 2m at 2.09 per cent copper, 2.39 per cent lead, 0.44 per cent zinc, 9.3g/t silver from 18m (JOC238).

KGL drew particular attention to this result saying it was of some importance because the prospect is on the margin of the newly optimised Bellbird East pit.

Follow up drilling along this new mineralised trend is planned in the meanwhile drilling is continuing on site with programs planned for the new Morley open pit east of Reward, the Killeen zinc-copper prospect, Rockface and several new exploration targets.

KGL anticipates results from this drilling will be available in coming weeks.

Website: www.kglresources.com.au

Buxton almost doubles Yalbra graphite Resource

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THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has reported an updated JORC (2012) Code-compliant Mineral Resource for the Main Zone at the company’s Yalbra graphite project (Yalbra), located east of Gascoyne Junction in Western Australia.

The company said the update had almost doubled the resource estimate for Yalbra, taking it to:

4 million tonnes at 16.2 per cent total graphitic carbon (TGC) with an Inferred component of 650,000 of tonnes contained graphite.

Buxton believes this to be the highest reported grade JORC graphite resource in Australia.

Buxton completed a second round of drilling at the Yalbra graphite projectin July this year.

Drilling within the Main Zone of the project intersected widths of high-grade graphite mineralisation across multiple parallel zones and extended graphite mineralisation approximately 200 metres.

“Buxton commenced exploration at the Yalbra graphite project in 2013,” Buxton Resources Chairman, Seamus Cornelius said in the company’s announcement to the Australian Securities Exchange.

“Since that time we have completed two drilling programs and defined what we believe to be the highest reported grade JORC graphite Mineral Resource in Australia.

“This remains a very exciting time for the company given the potential to expand the resource along strike and at depth.

“We are about to embark on the key steps to realising value which includes a focus on metallurgical test-work, scoping studies, further resource expansion and pursuing a path to commercialisation.”

Email: info@buxtonresources.com.au

Website: www.buxtonresources.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.

Infill drilling at Unicorn

Dart Mining (ASX: DTM) has commenced the first phase of infill reverse circulation (RC) and diamond drilling program at the company’s Unicorn molybdenum, copper, silver deposit in northeast Victoria.

The infill drilling program is designed to facilitate a resource re-estimation by Q2 2015 to facilitate refinement of Pre-Feasibility Study level Mine Design and Scheduling activities.

“This drill program adds an important aspect and marks a significant milestone in the Unicorn development story as Dart Mining pushes beyond the Pre-Feasibility Study stage,” Dart Mining chairman Bruce Paterson said.

“It will enable us to obtain increasingly detailed resource information that will be used on a continuous improvement basis to refine mining, processing and operational parameters towards completion of the final feasibility study.”


Drilling to continue at Ilio Norte

Latin Resources’ (ASX: LRS) earn-in operator Compañia Minera Zahena S.A.C. has mobilised drilling equipment following the approval of permit modifications to drill more holes at the Ilo Norte project in Peru.

The permit modifications allow for drilling of up to 14 new holes off existing drill platforms located in the North Eastern part of a drill pattern completed in June.

Additional holes are planned to determine the extent and geometry of other high-grade intersections, and also to test a North West trending structure as it passes to the North East of Hole IN-018, that was drilled earlier in the year.

“We are extremely pleased that drilling will continue at Ilo Norte, testimony to the dedication of Zahena and their shared belief in the potential of the project,” Latin Resources managing director Chris Gale said.

“We are extremely encouraged by the previous drilling results at Ilo Norte and that additional drilling by our partner Zahena will unlock considerable value for the company as the geometries of the mineralised structures within the IOCG style alteration halo are better understood.”


Drilling to Commence at Nangalasso and SLAM projects

Taruga Gold (ASX: TAR) is set to commence an aircore drilling program within the company’s Nangalasso and SLAM project areas in Southern Mali.

The program follows a recent capital raising and is designed to follow up and test a number of high-grade gold mineralised results from previous exploration campaigns.

“We are excited by the prospects of the current work program at Nangalasso and SLAM,” Taruga Gold managing director Bernard Aylward said.

“The company’s tenements are highly prospective for gold mineralisation, with all early stage exploration returning highly encouraging results and confirming the geological prospectivity of the targets.”


Drilling commences at Kingfisher nickel-copper prospect

Kin Mining (ASX: KIN) has commenced Reverse Circulation (RC) drilling to test the first of two highly prospective EM targets at the company’s Kingfisher nickel-copper PGE prospect (M40/330) located near Leonora in Western Australia.

An initial three hole drill program, targeting Kingfisher Conductor Two (KFC2), one of two bedrock geophysical conductors identified in a recent Moving Loop Electro Magnetic (MLEM) survey has commenced.


Drilling to test high-grade zone

Artemis Resources (ASX: ARV) has commenced the second drill program at the Eastern Hills antimony-lead project, located in the Ashburton region of Western Australia.

The project is part of the Mt Clement Joint Venture – in which Northern Star Resources (ASX: NST) holds a 20 per cent free carried interest (gold).

This second drill program follows drilling in 2013 that resulted in an Indicated and Inferred Mineral Resource at the adjacent Taipan Zone.

It will focus on testing the high-grade antimony-lead zone at Dugite East, and will consist of four reverse circulation (RC) drill holes for a total of approximately 435m.

The program will test depth extensions and continuity of high-grade surface rockchip samples, examine the antimony-lead mineralogical associations and potentially provide material for further metallurgical testing of extraction methods for higher grade antimony-lead minerals.


Nickel drilling at Lake Johnston

Hannans Reward (ASX: HNR) advised the market its Joint Venture partner Reed Resources (ASX: RDR) has commenced diamond drill testing of prospective nickel sulphide targets at the Lake Johnston project, located west of Norseman in Western Australia.

“The Lake Johnston region has been re-energised by Poseidon Nickel’s recent acquisition of two nickel mines from Norilsk,” Hannans Reward managing director Damian Hicks said.

“The Hannans-Reed nickel targets, located approximately 50 kilometres from the Poseidon concentrator, have been the subject of extensive geochemical, geophysical and geological activities by both companies.

“Drilling has started and we’re optimistic that Reed will encounter nickel sulphide mineralisation in the drilling.”

Reed will drill two diamond drillholes for a total of 1,000m.

St George intersects nickel sulphides with first hole

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has intersected nickel sulphides with the first nickel drill hole of a Phase 2 drilling program, currently underway at the company’s 100 per cent-owned East Laverton property in Western Australia.

The hole was drilled at the Windsor nickel sulphide prospect.

Using a hand-held XRF machine, St George claimed results for drill hole WINRC004 indicate the hole intersected a thick mineralised komatiite ultramafic sequence of 83 metres at 0.27 per cent nickel from 63m.

 

XRF profile of WINRC004 highlighting the thick mineralised interval between 63m and 146m. Source: Company announcement

Higher grade nickel intervals within this komatiite channel unit include:

1m at 0.47 per cent nickel from 90m;

1m @ 0.43 per cent nickel from 119m; and

2m @ 0.46 per cent nickel from 122m.

The company considers the intervals of disseminated nickel sulphides encountered by WINRC004 demonstrate a fertile komatiite channel with potential to host massive nickel sulphide deposits.

“The preliminary drill results from Windsor are very exciting,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“These thick, fertile channel flows have a strong potential for massive nickel sulphide mineralisation.

“We are focussing our exploration in the right area.”

Website: www.stgm.com.au

Musgrave identifies Corunna silver-lead-zinc targets

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has identified four new high-priority silver-lead-zinc epithermal targets from a review of historical soil sampling on the company’s wholly-owned Corunna project.

The company was granted the Corunna project (tenement EL5497) earlier this month, which is located in the epithermal porphyry province of the Southern Gawler Craton.

 

Location of Musgrave’s new Corunna project in the Southern Gawler Craton. Source: Company announcement

 

The region hosts the company’s Menninnie Dam zinc-lead-silver deposit and the Paris epithermal silver deposit of Investigator Resources (ASX: IVR).

Musgrave explained previous owners of the Corunna tenement had focused on uranium exploration.

The company said its examination of historic open file data has identified low level regional multi-element soil sampling results it finds interesting.

The historical survey assayed for a full suite of elements including silver, gold, base metals and path finder elements.

Musgrave geologists have reviewed the historical data and have identified four areas of elevated silver anomalism with up to 9.7g/t silver in one of the soil samples.

These target areas are coincident with regional structures interpreted from aeromagnetic data and have never been drill tested.

“The epithermal targets have high levels of silver anomalism coincident with regional structures that are often important in controlling mineralisation in epithermal systems,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“We look forward to drilling these targets once the necessary approvals have been obtained.”

The Corunna project is located approximately 50km west of Port Augusta and is well positioned in regards to infrastructure and proximity to the coast.

Musgrave indicated it is currently negotiating an access agreement with the relevant party and is planning field programs to validate the historical data prior to air core drilling in the coming months.

Musgrave maintains its strong financial position with approximately $5.3 million in cash to progress exploration over the new Corunna project tenement as well as its other projects in South Australia and Western Australia.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Pioneer encouraged by Acra drilling

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has been encouraged by recent drilling activities at the company’s 100 per cent-held Acra gold project, located north east of Kalgoorlie in Western Australia.

The company has received results from the Carmelia South Prospect where a program of 22 shallow aircore holes tested for gold mineralisation.

 

Cross section through the Carmelia South prospect showing likely ‘supergene’ gold intersections. Source: Company announcement

 

Of the 22 holes drilled to test the soil geochemistry anomaly, seven intersected anomalous gold, which Pioneer considers has validated the target as well as further confirming the potential for the discovery of a gold deposit within the project.

Better intersections included:

CSAC013
3 metres at 2.45 grams per tonne gold from 30m;

CSAC018
6m at 4.39g/t gold from 57m; and

CSAC028
6m at 3.77g/t gold from 96m to the end of the hole.

Pioneer also drill an additional 10 holes into a target 400m south east of the main Carmelia South prospect, which encountered anomalous gold mineralisation in CSA003 of 3m at 0.90g/t gold.

Pioneer acquired the gold rights for the Acra project in 2013 having been attracted by the projects large tenement package, existence of widespread gold anomalies including modern geochemistry and artisanal-scale gold workings as well as its proximity to the mining centre of Kalgoorlie.

“The company believes that the project has the capacity to yield one or more gold deposits which will benefit from having the necessary mining services already established nearby,” Pioneer Resources said in its ASX announcement.

“For over 40 years explorers have focused on the nickel potential of the Acra project, however in doing so, their work also generated an excellent gold database.

“By interrogating this information Pioneer has identified at least 10 gold targets that occur along a 50 kilometre section of the Emu Fault.”

Drilling by the company since acquiring the project has intersected gold mineralisation at four prospects so far.

The company indicated it has progressive work programs planned for other prospects, which include:

Carmelia South: Following the completion of the aircore drilling, the next work will be RC drilling.

Mountain Maid, King Edward, Josephine, and Evelyn Gladys: A 3km by 1.5km area with old gold workings and modern nugget patches.

Kalpini South, Rainbow, Deep River: Previous drilling in the 1980s-90s intersected anomalous gold in a 5km long corridor.

Jubilee East: RC drilling will further test mineralisation intersected by Pioneer in 2013, including: 13m at 2.84g/t gold from 27m, 4m at 8.1g/t gold from 34m, and 2m at 9.03g/t gold from 43m.

The Matrix: A 2km gold-arsenic geochemical anomaly and recent nugget patch.

Website: www.pioneerresources.com.au

White Cliff extends Aucu gold mineralisation

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THE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has reported the identification of further high-grade gold mineralisation at the Aucu prospect, located within the company’s Chanach project in the Kyrgyz Republic.

The company has received assays from the latest two drill holes, which it claims to have outlined gold mineralisation along strike from previously reported mineralisation at the Aucu Lower Gold Zone (LGZ).

 

Lower Gold Zone (LGZ) map showing completed drill-hole locations, roads
in blue, mineralised zones in red hatch, Interpreted mineralised
extensions in red speckle. New results in yellow text box. Source:
Company announcement

 

Gold mineralisation occurs within multiple shear zones and starts at surface with new assay results including:

19 metres at 6 grams per tonne gold, including 8m at 9g/t gold from 71m;

9m at 5g/t gold from 111 metres; and

2m at 12.56g/t gold from 78m.

White Cliff explained the new results occur along strike from previously announced results from the LGZ where the first two reverse circulation drill holes identified high-grade mineralisation within two shear zones.

“High-grade gold mineralisation at the LGZ has been identified in the four drill-holes reported to date,” White Cliff Minerals said in its ASX announcement.

“Gold mineralisation has also been identified at surface in road cuttings over a distance of 300 metres along strike.

“The current drill program has tested the LGZ over a 550 metre distance with assay results pending for several of these holes.

“Rock chip sampling along strike on the adjacent hills to the northwest and southeast has identified mineralised quartz veins and shear zones in both directions.

“The mineralised zones start at the surface, are sub-vertical, have been identified at 100m vertical depth and are open in both directions and at depth.”

White Cliff believes it has now confirmed high-grade gold mineralisation occurs within both the Copper-Gold Zone (CGZ) and the Lower Gold Zone (LGZ).

The two systems are parallel and approximately 100m apart with mineralisation starting at the surface.

According to the company this mineralisation is high-grade and has been identified to at least 100m vertical depth in both systems and is open along strike in both directions.

Email: info@wcminerals.com.au

Website: www.wcminerals.com.au

Core hits more silver at Inkheart

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) has been impressed by the initial silver and lead results it has received from the first batch of assays from a recent reverse circulation (RC) drilling campaign at the company’s Inkheart prospect in the Northern Territory.

Core said the drilling has encountered silver and lead intersections with values up to 268 grams per tonne silver and 8 per cent lead.

Results include:

IKRC01339
3 metres at 268 grams per tonne silver and 8 per cent lead from 42m;

IKRC007
6m at 95.6g/t silver and 2.1 per cent lead from 111m to 117m, including 3m at 177g/t silver and 4.1 per cent lead from 114m to 117m; and

IKRC014

15m at 37.7g/t silver and 0.6 per cent lead from 108m to 123m.

 

Drilling results and collar locations overlain on geology, Inkheart and Blueys prospects, NT. Source: Company announcement

 

The company considers the first assays results to have confirmed and extended mineralisation it discovered at Inkheart during a phase one drilling program completed during May this year.

Assays received to date show that silver and lead mineralisation has been intercepted consistently in all of the four drill sections within the targeted Bitter Springs Formation.

Results also suggest that shallow higher grade intersections are potentially broadening at depth.

The company said it expects pending assays results to extend the mineralised zones further to the south west with mineralised zones also remaining open at depth.

Core is of the opinion the results it has achieved to date have confirmed mineralisation at the Blueys and Inkheart prospects are likely to be part of the same mineralising system, depositing metals in the Bitter Springs Formation.

This, it said, reinforces the tenement wide and regional potential of the Bitter Springs Formation for the discovery of economic base-metal deposits.

“The grade and continuity of mineralisation intersected by Core’s recent drilling, along with growing confidence in a predictable exploration model for high-grade silver lead mineralisation at Inkheart strengthen the potential for further success in this new exploration province in the Northern Territory,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au

Triton claims world’s largest graphite-vanadium deposit

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THE DRILL SERGEANT: Triton Minerals (ASX: TON) has released the maiden JORC 2012-compliant Mineral Resource estimate for the Nicanda Hill graphite deposit at the company’s Balama North project in Mozambique.

The Nicanda Hill maiden Mineral Resource has come in at 1.457 billion tonnes at 10.7 per cent total grapitic carbon (TGC) and 0.27 per cent vanadium.

The Resource contains 155.9 million tonnes of graphite and 3.93 million tonnes vanadium.

Broken down the Nicanda Hill deposit comprises Indicated Mineral Resources of 328 million tonnes at 11 per cent TGC and 0.26 vanadium and Inferred Mineral Resources of 1,129 million tonnes at 10.6 per cent TGC and 0.27 per cent vanadium.

“This is a tremendous result for the company, as Triton has successfully defined the largest graphite and vanadium deposit in the world – only six months from the commencement of drilling at Nicanda Hill,” Triton Minerals managing director and CEO Brad Boyle said in the company’s announcement to the Australian Securities Exchange.

 

Overview aerial image of the Nicanda Hill deposit showing the boundaries
of the mineralised footprint, indicated and inferred resources and the
Mutola high-grade graphite zone. Source: Company announcement

 

“It was evident from the drilling data received to date, that it confirmed the geological continuity at Nicanda Hill and together with the consistency of the graphite grades provided Triton the opportunity to undertake and complete an initial mineral resource estimate well ahead of schedule, with the remaining data to be used to upgrade the classification of the initial mineral resource estimate.

“This impressive result has confirmed the true world class potential of the Balama North project.

“Triton is now one step closer to becoming a market-leading low-cost graphite and potential vanadium producer.”

Website: www.tritonmineralsltd.com.au