Horizon Minerals Completes Serious Goldfields Drill Campaign

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) has had the drill rigs turning and producing new gold drilling results from the company’s Greater Boorara – Cannon and Binduli project areas located close to Kalgoorlie-Boulder in Western Australia.

Horizon Minerals carried out several Reverse Circulation (RC) and Air Core (AC) drill programs focussing on new discoveries at the Cannon, Kestrel and Kanowna South prospects with infill resource drilling completed at Penny’s Find.

Two deep RC holes targeted the Northern Domain lode at Penny’s Find and returned the following results:

PFRC23012A
5 metres at 2.97 grams per tonne gold from 370m; and

PFRC23011
2m at 1.27g/t gold from 305m.

The company progressed the Kanowna South prospect with further encouraging gold results highlighted by recent drilling.

AC drilling at the new Falcon Prospect 500m northwest of the Kestrel prospect in the Binduli North camp consisted of five AC holes for 219m, producing results of:

FCAC23002
1m at 0.8g/t gold from 25m and 1m at 10.09g/t gold from 29m; and

FCAC23003
2m at 1.4g/t gold from 24m.

“Although early days, our Kanowna South gold prospect is starting to take shape, and discovering a strong sulphide link in some of the mineralisation could be a major turning point in our understanding of this prospect,” Horizon Minerals CEO Grant Haywood said in the company’s ASX announcement.

“We are also looking forward to further work on the conductor at Cannon, which lies immediately north and along strike of the proposed Cannon underground.

“In addition, follow up work at the Penny’s Find gold project shall allow us to provide an updated Mineral Resource Estimate in the current December quarter, and carry out mine design and financial analysis for a maiden Ore Reserve in the first half of 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Asra Minerals Drilling to Target Little Wonder Gold Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) is in preparation mode for a reverse circulation (RC) drilling program to be undertaken at the Little Wonder gold deposit, within the company’s Mt Stirling project near Leonora in Western Australia.

Asra Minerals explained the former gold producing mine forms part of its Northern Hub of projects, with drilling plans at Little Wonder aiming to evaluate the old mine site’s potential, test for mineralisation extensions along strike, and to better understand the gold mineralisation controls in the region.

Subject to approvals, Asra anticipates drilling to commence in Q1 2024 comprising an initial 10 to 12-hole RC program for approximately 2,000m.

Once both visual geological logging and analytical results are received, a plan for follow up drilling will be developed.

Little Wonder is one of 10 gold prospects within the Mt Stirling project.

“Asra’s gold assets at the Mt Stirling project are vastly under-explored, yet highly prospective with an existing 152,000 ounce JORC gold resource,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“During last week’s site visit, we confirmed the geological position of the Little Wonder deposit is directly comparable with large historical gold mine settings in the Leonora region situated along the same fault system.

“This region has recently produced 14 million ounces of gold from large operating mines including Red5’s King of the Hills site, Tower Hills, Thunderbox, Harbour Lights and Gwalia.

“It makes perfect sense to get the drill bit back into our ‘golden roots’ at Mt Stirling as the Australian and US gold price remains strong.

“Simultaneously, field teams are undertaking geochemical soil surveys for lithium mineralisation at Lake Johnston in our Southern Hub, and metallurgical work continues on our Yttria REE deposit in our Northern Hub.

“With a bolstered exploration team and new funding in the bank through our recent placement, we are excited to deliver exploration results on our gold and critical mineral projects in this highly prospective region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Metal Hawk Advancing Drilling at Yarmany Project

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) has been busy, exploration wise, at the company’s Yarmany project on the outskirts of Coolgardie in Western Australia.

Metal Hawk has already established the Yarmany project to host 50 kilometres of strike along the Ida Fault, a major regional structure on the western margin of Kalgoorlie Terrane, which is host to the Goldfields’ most significant lithium deposits including Delta Lithium’s Mt Ida project and Liontown Resources’ Kathleen Valley deposit.

The company’s completed its maiden aircore (AC) program of 148 holes for a total of 5,865 metres at the F-camp prospect area, designed to determine the orientation and the depth of weathering of several sparsely outcropping pegmatite units.

Although results from the aircore program are still to be received, Metal Hawk is already in site preparation mode getting set for deeper reverse circulation (RC) drilling, which will aim to effectively test a number of F-camp pegmatite target units beneath the weathering profile.

“Following the recent successful capital raising, we are very excited to get RC drilling underway this week,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“The aircore drilling program went very well and we believe it has helped us define the best parts of the large F-camp pegmatite swarm for bedrock testing.

“We are also very excited to be ramping up our extensive regional exploration program.

‘An extensive auger geochemical sampling program is now underway focusing on the southern half of the Yarmany project and this will help us quickly develop regional lithium targets for drilling in Q1 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Drills South Optimism

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further drilling results from the company’s Mt Isa portfolio in North Queensland.

This time, Hammer Metals reported new high-grade assay results from Reverse Circulation (RC) drilling completed in September at the company’s Hope South and nearby Mt Mascotte prospects.

The company said the drilling it carried out down-dip of previous intercepts at South Hope had highlighted the continuity of the high-grade mineralised zone, producing new assays including:

HMSHRC010
14 metres at 3.34 per cent copper and 0.72 grams per tonne gold from 113m within 34m 2.5 per cent copper and 0.49g/t gold; and

HMHSRC011
6m at 1.05 per cent copper and 0.28g/t gold from 114m.

Drilling also encountered a high-grade zone of mineralisation along strike at Mt Mascotte, producing:

HMMARC009
4m at 2.82 per cent copper and 3.84g/t gold from 104m.

“These outstanding results cap a highly successful drilling program and offer some great opportunities for further follow-up in early 2024,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The high-grade nature of the mineralisation at Mt Mascotte and South Hope provides further evidence of the attractiveness of these prospects, which continue to deliver significant wide high-grade copper intercepts from shallow depths.

“As the copper inventories of the region grow, these prospects offer good grades of mineralisation close to surface and will provide opportunities for future development of the deposits in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Hammer Metals Intersects Further Mt Isa Copper and Gold

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further assay results from Reverse Circulation (RC) drilling completed in September across the company’s Mt Isa portfolio in North Queensland.

Hammer Metals had previously reported initial results from drilling at the Hardway prospect while the latest results stem from the Bulonga, Pommern, Tourist Zone and Overlander Central prospects.

Drilling at the Tourist Zone confirmed and extended mineralisation encountered in previous drilling, with new intercepts of:

HMTZRC001
30 metres at 0.8 per cent copper and 0.24 grams per tonne gold from 121m, including 15m at 1.13 per cent copper and 0.24g/t gold; and

HMTZRC002
12m at 1.14 per cent copper and 0.18g/t gold from 107m, including 2m at 3.02 per cent copper and 0.53g/t gold.

An initial drill hole at the Bulonga prospect hit an encouraging zone of copper and gold mineralisation of:

HMPORC003
5m at 2 per cent copper and 0.64g/t gold from 18m.

Drilling at Overlander continued to deliver broad zones of copper mineralisation, including:

OVRC037
113m at 0.21 per cent copper; and

OVRC038
90m at 0.23 per cent copper.

“Overall, this 3,500 metres drilling program has exceeded our expectations with multiple targets delivering significant intersections of both copper and gold mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The Tourist zone program has confirmed historical work in this region and highlights great potential along strike.

“At Overlander, the area of mineralised copper continues to grow.

“We continue to improve our understanding of this system, with a view to pinpointing a more substantive zone of higher-grade material in what is a very broad halo of lower grade copper mineralisation.

“We were pleasantly surprised by the gold mineralisation encountered at Kalman North in the bottom of the final drill hole.

“The final batch of assay results from this recent program of drilling are imminent and highly anticipated given they included holes drilled to follow up previous 50 metres plus intercepts at grades in excess of one per cent copper at both South Hope and Mount Mascotte.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Reports Large, High Confidence Yin Ironstone Resource

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has delivered an updated Mineral Resource Estimate (MRE) for the Yin REE Ironstone Complex thin the company’s 100 per cent-owned Mangaroon project in Western Australia.

Dreadnought Resources reported the Yin REE Ironstone Complex Resource to now stand at 29.98 million tonnes at 1.04 per cent total rare earth oxides (TREO), 87 per cent of which is in the high confidence Measured & Indicated categories delivered in only 18 months from discovery.

The company declared the updated MRE confirms the Mangaroon project as a, “globally significant critical minerals complex”, with a combined, high confidence Resource at Yin and the Gifford Creek Carbonatite of 40.82 million tonnes at 1.03 per cent TREO.

“Since drilling commenced in June 2022, Dreadnought has delivered another substantial increase in the initial Resource over just 4.6 kilometres of the Yin Ironstone Complex,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The upgraded independent Resource confirms Yin as a high-grade and high Resource intensity deposit.

“Both material factors in a project’s economics.

“Yin continues to demonstrate one of the highest NdPr (neodymium-praseodymium):TREO ratios in the world.

“We are proud of how much has been achieved in such a short space of time and are looking forward to continuing to build on the regions potential in 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Accelerate Resources Reports Woodie Woodie Manganese Mineral Resource Estimate

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THE DRILL SERGEANT: Accelerate Resources (ASX: AX8) has produce a Mineral Resource Estimate (MRE) for the company’s Woodie Woodie North manganese project in Western Australia.

Accelerate Resources announced maiden inferred Mineral Resources totalling 1.2 million tonnes at 19.1 per cent manganese (at 15% Mn cut-off).

The company explained the MRE was achieved by integrating historical drilling data with recent Phase 1 to 4 Reverse Circulation (RC) drilling campaigns completed during 2022 and 2023 at the Barra North Area 1, Barra South Areas 3 and 4, and Area 42.

“The maiden Mineral Resources represent a significant step forward for the Woodie Woodie North project and our shareholders,” Accelerate Resources executive director – technical Steve Bodon said in the company’s ASX announcement.

“We are focused on growing the Mineral Resource inventory over the project area, and the company is well positioned to achieve this with the significant upside opportunity the Exploration Targets present.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Southern Cross Gold Drills Sunday Creek Gold Extension

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THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) reported on recent drilling activity between the historic Golden Dyke and Christina mining areas at the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold announced an encounter with further high-grade mineralisation and two new vein sets from four drill holes undertaken between the targets, from which it has claimed high-grade mineralisation was discovered 250 metres west of previous drilling, representing a 29 per cent increase in the known strike length.

Highlights include:

SDDSC086 (150m west of previous drilling):
2.8 metres at 7.4 grams per tonne gold equivalent (AuEq) (4.4g/t gold, 1.9 per cent antimony) from 252.7m, including 0.5m at 38.4g/t AuEq (22.1g/t Au, 10.3% Sb) from 252.7m, and
3.1m at 21.3g/t AuEq (20.6g/t Au, 0.4% Sb) from 266.5 m, including 1.8m at 35.3g/t AuEq (34.5g/t Au, 0.5% Sb) from 266.5m; and

SDDSC090 (250m west of previous drilling):
9.8m at 4.6g/t AuEq (4g/t Au, 0.4% Sb) from 346.9m, including 2.2m at 12.7g/t AuEq (11g/t Au, 1.1% Sb) from 347.6m.

“With three of four drill rigs operating within the main areas of Rising Sun and Apollo, these holes were drilled in the opposite direction to the west to see if mineralisation extended towards Christina,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“We have had immediate success, delivering on SXG’s strategy to demonstrate grade, volume and scale at Sunday Creek.

“Firstly, we have extended the drilled mineralised footprint of the main zone from 850 metres to 1,100 metres along strike.

“Secondly, we intersected two new veins sets hitting 3.1 metres at 20.6 grams per tonne gold (SDDSC086) and 9.8 metres at 4 grams per tonne gold (SDDSC090).

“With only four holes drilled, most of the mineralised host in this area remains untested.

“Thirdly, we intersected high-grades, including 1.8 metres at 34.5 grams per tonne gold (SDDSC086) and 0.4 metres at 42.6 grams per tonne gold (SDDSC090) within broader 3 metres to 10 metres wide vein sets.

“Finally, these results show the potential for multiple repeats and extensions of veins sets at depth in undrilled areas from the most westerly drilling at Rising Sun (SDDSC082) to Christina within 700 metres of undrilled strike potential.

“Further drilling continues to highlight the significance of the Sunday Creek discovery, with extremely high-grades observed across the project, within multiple veins sets (up to 25 defined to date) and more being continuously found.

“With the host extending eight kilometres in length from the Christina to the regional Leviathan/Tonstal prospects we are only scratching the surface of the opportunities that await at Sunday Creek.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Elementos Reports Zinc Mineral Resource at Oropesa Tin Project

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported a zinc Mineral Resource Estimate (MRE) at the company’s Oropesa tin project in Spain.

Elementos delivered the MRE of 23.75 million tonnes at 0.42 per cent zinc (96% classified as Measured and Indicated Resources) following a detailed geological investigation into the continuity of the mineralisation.

The company explained the project’s tin MRE that was reported in February remains unchanged at 19.6 million tonnes at 0.39 per cent tin.

The company will now work on development of a by-product flow sheet to recover and produce a saleable zinc concentrate from material which would otherwise be sent to the tailings dam that it anticipates will deliver environmental, mining and economic benefits.

Elementos highlighted that the zinc production will not affect the main tin concentrate production at Oropesa.

“Whilst tin remains the primary mineral of interest at Oropesa it is now confirmed that zinc will also be in consideration as a by-product stream for the company, delivering a more financially robust project with stronger environmental and mining benefits,” Elementos managing director Joe David said in the company’s ASX announcement.

“As a majority of this zinc mineralisation is already planned to be mined and processed with our tin, we are pleased the metallurgical test work has shown that a relatively small additional circuit can recover zinc efficiently from a stream that would have otherwise ended up in the tailings dam as waste.

“This will not only lower the metal content in our tailings dam but make more efficient use of the ore body we plan on mining, which demonstrates our commitment to responsible mining practices.

“We will continue to evaluate the economics of the zinc by-product stream and consider it for inclusion in the Basis of Design of our DFS for the Oropesa project.

“The data to date makes a strong case that the incremental capital and operating costs associated with producing a zinc concentrate are likely to be relatively minor compared to overall project development costs, creating a strong economic basis for further assessment.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Charger Metals Confirms New Spodumene Pegmatites

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported on lithium assay results from rock chip samples taken at the company’s Lake Johnston lithium project in Western Australia.

Charger Metals said the samples were taken from a newly discovered pegmatite outcrop at the project and have confirmed the presence of lithium mineralisation.

Three samples collected from across the outcrop all returned encouraging lithium results of 4.2 per cent, 3.7 per cent, and 3.5 per cent lithium oxide (Li2O).

The company explained the outcrop was initially discovered during field mapping by its geologists and extends for 85 metres.

The spodumene-bearing pegmatite outcrop strikes northeast towards the project’s 1.2 kilometres trending Medcalf spodumene prospect, along which two other pegmatite outcrops have previously been mapped.

“The discovery of this high-grade spodumene-bearing pegmatite outcrop is exciting and highlights the prospectivity of our Lake Johnston lithium project,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The fact we have three pegmatite outcrops with visual spodumene and confirmed high-grade lithium assays along a 1.2 kilometres trend suggests the potential for large-scale lithium mineralisation, in close proximity to our Medcalf spodumene prospect where earlier this year we drilled a swarm of high-grade spodumene bearing pegmatite veins over a strike of 700 metres.

“This new trend of pegmatites is obviously a high priority target and will be incorporated into the upcoming drill programs at Medcalf.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE