Coventry readies Cameron for update

THE DRILL SERGEANT: Coventry Resources has received analytical results from a recently completed drilling program carried out at the company’s Cameron gold project in Ontario, Canada.

The latest results are for 34 of the 35 outstanding holes from the program, which comprised a total of 299 holes for 44,135 metres.

These holes were drilled in order for Coventry to evaluate the northern and northwestern extensions of the one million ounce-plus Cameron gold deposit.

“Very high-grade gold mineralisation was intersected in one of these holes, which was drilled to evaluate the down-plunge extension of northern end of the Cameron gold deposit,” Coventry Resources said in its ASX announcement.

Results from this hole included:

–    9.1 metres at 11.91 grams per tonne gold from 256.0 metres, including 0.35 metres at 289.0 grams per tonne gold from 262.7 metres.

“The intersection of bonanza-grade gold mineralisation in this drill hole, which follows the recently reported intersection of 3.4 metres at 58.73 g/t gold, including 0.6 metres at 320.0 g/t gold further confirms the potential to delineate additional very high-grade quartz vein sets within the Cameron gold deposit that have until now been largely unrecognised,” Coventry said.

“Numerous other holes drilled to evaluate the northern and northwestern extensions of the Cameron gold deposit also intersected high-grade gold mineralisation.”

Recent results include:

–    4m at 6.18 g/t gold from 171.3m, including 1m at 19.10 g/t gold from 173.3m;

–    1m at 36.40 g/t gold from 263.2m;

–    5m at 4.48 g/t gold from 64m;

–    2.8m at 4.13 g/t gold from 75.3m; and

–    2.5m at 4.29 g/t gold from 28.5m.

Coventry said it considered these results have provided further confirmation of additional thicker, higher-grade shoots of mineralisation immediately along strike from the main mineralised zone at the Cameron gold deposit.

The company said the recent drilling had also confirmed that these shoots have significant depth.

Despite recent intensive drilling, mineralisation to the north and northwest of the Cameron gold deposit remains open along strike and at depth.

The current mineral resource estimate for the Cameron gold deposit currently sits at:

–    11.3 million tonnes at 2.77 grams per tonne gold for one million ounces of gold.

This estimate has not been recalculated since the drilling program began.

Coventry indicated that a new resource upgrade is anticipated to be finalised during November 2011.

 

 

Dragon drills encouraging gold intercepts

THE DRILL SERGEANT: Dragon Mining has received the final results from the fourth phase of drilling it has undertaken on the Juomasuo deposit at the company’s Kuusamo gold project in northern Finland.

The results received by Dragon include analysis for the last six holes in this campaign, which have returned encouraging gold intercepts including:

–    5.10 metres at 5.32 grams per tonne gold and 3.55 metres at 15.07 grams per tonne gold; and

–    5.50m at 6.05 g/t gold;

–    8.10m at 6.16 g/t gold; and

–     31.90m at 45.67 g/t gold.

The 14 hole, 4,100 metre Phase 4 campaign of drilling was designed to examine the strike and depth extensions of identified lodes in the northern portion of the Juomasuo deposit.

This campaign has returned a series of intercepts including the previously released highlights of:

–    4.10m at 11.69 g/t gold;

–    3.15m at 11.07 g/t gold; and

–    25.60m at 9.66 g/t gold.

Dragon mining said the results have confirmed the continuity of already identified lodes at Juomasuo, as they have returned grades that correspond with historic intercepts.

The company also said the results highlight the potential of the eastern area, which had previously been subjected to limited shallow drilling.

“Multi-element analysis also returned a number of strong cobalt intercepts and elevated levels of rare earth elements, either in conjunction with gold mineralisation or separately, as well as the occurrence of sporadic elevated levels of copper and uranium,” Dragon Mining said in its ASX announcement.

The Juomasuo gold deposit is the largest of the five deposits Dragon Mining has identified so far on the Kuusamo gold project.

Dragon has carried out the Phase 5 drilling campaign at  the Juomasuo deposit completing a further 17 holes for 2,635m.

The company is now waiting on results from 16 of the 17 holes, which tested the near surface strike extensions of the identified lodes in the southern portion of the Juomasuo deposit.

Results from the more recent campaign will also be used to evaluate the extent and geometry of mineralisation in the eastern and north eastern areas.

The first hole from the Phase 5 drilling returned a high grade preliminary intercept of:

–    17.75m at 16.59 g/t gold.

Dragon said it considered this result to be very encouraging, as it confirms the depth and strike continuation of the lode system in the northern portion of the deposit.

Two diamond core rigs are currently progressing Phase 6 of drilling at Juomasuo, in an 8 hole 3,400m campaign that is testing the depth and strike extensions of identified lodes in the southern portion of the deposit.

A third rig is drilling a second campaign of 8 holes for 1,100m at the Hangaslampi deposit following the completion of a 7 hole for 1,000m campaign at the Pohjasvaara deposit.

MOD hits Botswana high-grade

THE DRILL SERGEANT: MOD Resources has identified a new zone of copper-silver mineralisation at its 100 per cent-owned Botswana copper project in north-western Botswana, Africa.

Drilling at the project has returned grades of up to 3.87 per cent copper and 106.0 grams per tonne silver.

The initial results from MOD’s maiden drilling program are from the Corner K prospect, which MOD considers to be a five kilometre extension of the Gaia open pit target identified by Discovery Metals on an adjoining lease on the Kalahari Copper Belt.

Highlights from the initial drilling results at Corner K include:

–    3 metres at 1.40per cent copper and 44.6 grams per tonne silver, including 1metre at 2.53per cent copper and 77.7 grams per tonne silver;

–    1m at 2.53per cent copper and 77.7g/t silver, including 1m at 3.13per cent copper and 106.0g/t silver;

–    4m at 1.89per cent copper and 52.42g/t silver, including 1m at 3.87per cent copper and 90.2g/t silver;

–    5m at 1.33per cent copper and 35.7g/t silver, including 1m at 2.91per cent copper and 82.6g/t silver; and

–    7m at 1.29per cent copper and 36.54g/t silver, including 2m at 2.22per cent copper and 65.2g/t silver and 1m at 0.82per cent copper and 24.6g/t silver.

The Botswana copper project covers more than 8,300 square kilometres on the emerging Kalahari Copper Belt.

It is located directly between the respective Boseto and Ghanzi copper-silver discoveries of ASX-listed Discovery Metals and Canadian-based Hana Mining.

The drilling results are the first the company has received since it commenced its maiden 12,000 metre diamond and Reverse Circulation program at the Corner K prospect in July.

MOD said it considers Corner K to be a potential target for a second stand-alone mine and processing plant within an area known as the “Mid Kalahari Zone”.

Corner K is situated on one of 14 leases held by MOD on the Kalahari Copper Belt.

MOD Resources chairman Miles Kennedy said the company was pleased to have discovered what it considers to be a significant copper and silver mineralisation with its first drilling program at the Botswana copper project.

“We identified this ground as having the potential to host large-scale copper-silver deposits similar to the neighbouring Boseto and Ghanzi discoveries and the results from our first drilling program certainly put us on the right path to achieving that,” Kennedy said in the company’s announcement to the Australian Securities Exchange.

“These results also underline our belief that the Kalahari Copper Belt is an emerging copper-silver province with great potential in a country widely acknowledged as the best mining jurisdiction in Africa.”

Northern Minerals continues HREO success

THE DRILL SERGEANT: Northern Minerals continues to achieve Heavy Rare Earth Element (HREE) exploration success at its Browns Range project in northern Western Australia.

The company has said the latest assay results it has received from the project have confirmed its “best yet” intersections of Heavy Rare Earth Oxides (HREO).

The latest assays include some encouraging results from the Wolverine prospect, with high grades of Total Rare Earth Oxide (TREO) intersected over significant widths.

Northern Minerals said this had given it added confidence in the Wolverine prospect, which it said is now shaping up to be a significant HREE project.

The assays are the latest to come back from a 12,000 metre Reverse Circulation drilling program the company carried out across Browns Range during the past three months.

This program has identified high-grade mineralisation at all four prospects tested, including Wolverine, Gambit, Area 5 and Area 5 North.

Best intersections from the latest assay results include:

At Wolverine

–    33 metres at 1.53 per cent TREO (1,470 parts per million dysprosium oxide) from 54 metres;

–    11m at 1.89 per cent TREO (1,806ppm dysprosium oxide) from 50m;

–    8m at 1.88 per cent TREO (1,620ppm dysprosium oxide) from 55m;

–    15m at 1.37 per cent TREO (1,307ppm dysprosium oxide) from 87m;

–    5m at 2.78 per cent TREO (2,561ppm dysprosium oxide) from 17m; and

–    7m at 1.04 per cent TREO (714ppm dysprosium oxide) from 25m.

At Gambit

–    10m at 1.08 per cent TREO (1,011ppm dysprosium oxide) from 0m;

–    8m at 1.4 per cent TREO (1,308ppm dysprosium oxide) from 41m;

–    6m at 1.07 per cent TREO (1,002ppm dysprosium oxide) from 58m; and

–    2m at 4.16 per cent TREO (4,145ppm dysprosium oxide) from 109m.

The company is confident the grades and widths of the latest results confirm Wolverine as a significant new HREE discovery.

“These results include some exceptional intersections – the best we have received yet – and they continue to build a compelling picture for the Browns Range project,” Northern Minerals managing director George Bauk said in the company’s announcement to the Australian Securities Exchange.

“The widths and depths of these intersections suggest a significant mineralised zone at Wolverine.

“What is also encouraging is that some of the most recent holes have ended in mineralisation, and so we are planning some deeper drilling as part of the next phase of our program to really test the extent of this project.”

Northern Minerals expects to receive further assay results from the RC program next month.

The company is also planning a follow up diamond drilling campaign to further test geological structures and define mineralisation.

Encouraging results from Flying Fox and Spotted Quoll

THE DRILL SERGEANT: Western Areas has received some positive results from recent drilling carried out below the Flying Fox and Spotted Quoll mines and across a range of other projects.

“It is encouraging to see positive results from below our currently operating mines at Flying Fox and Spotted Quoll, and also from three other projects in Australia, Canada and Finland,” Western Areas managing director Julian Hanna said in the company’s announcement to the Australian Securities Exchange.

The latest assay results stem from intersection achieved during the drilling of a significant width of massive sulphides in the T6 deposit, situated below the Flying Fox mine.

One drill hole intersected:

–    34.7 metres at an average grade of 8.9 per cent nickel.

“The intersection in T6 indicates potential for substantial extensions to high grade mineralisation below Flying Fox, outside current mineral resources and ore reserves,” Western Areas said in the announcement.

“Drilling is ongoing with the aim of defining an initial Mineral Resource in this area below the current mine.”

Drilling at the Spotted Quoll mine is also producing encouraging results for the company, well below the Stage One underground mine where development is in progress.

Recent results include one intersection of:

–    3.3m at an average grade of 8.3 per cent nickel from 1088m down hole depth.

Western Areas said it expects an initial Mineral Resource for Stage Two to be completed in the December quarter.

The company said it had also received encouraging results from exploration activity being carried out across its entire portfolio.
 
At the Mt Gibb Joint Venture Forrestania nickel project (Western Areas earning 70 per cent from Great Western Exploration) drilling has encountered a 1.5m intersection with veins up to 5.1 per cent nickel.

At the East Bull Lake JV in Canada (Western Areas earning 65 per cent from Mustang Minerals) a geophysical survey has defined  a number of extensive drilling targets.

At the FinnAust projects in Finland (Western Areas 79 per cent) drilling has intersected wide zones of anomalous mineralisation. Assay results from this drilling are still pending.

Augur hits gold and copper in Java

THE DRILL SERGEANT: Augur Resources has received the results of the latest two diamond drill holes carried out at the Randu Kuning prospect, located on the company’s Wonogiri project in Central Java.

The first of the holes was drilled to test for further mineralisation to the north of the current known mineralisation at Randu Kuning.

It was drilled approximately 50 metres north of a previous hole, which had returned 182 metres at 0.75 grams per tonne gold and 0.17 per cent copper.

The latter hole intersected a zone of:

–    55m at 0.41 g/t gold and 0.16 per cent copper.

Augur said it considered this result to be of some significance as it indicates mineralisation does continue to the north of the previously identified mineralised zone and supports the potential for mineralisation at depth.

The second of the recent holes intersected, what Augur described to be, two significant zones of mineralisation.

The shallower of these zones returned:

–    136m at 0.48 g/t gold and 0.14 per cent copper from 73 metres, and included 4 metres at 2.35 g/t gold and 0.37 per cent copper.

A second deeper zone was also intersected returning:

–    106.5m at 0.64 g/t gold and 0.10 per cent copper from 278m, ending in mineralisation.

“The results continue to indicate that there is apparently continuation of the mineralisation between holes and at depth,” Augur Resources said in its ASX announcement.

“Mineralisation is associated with quartz stock working and as disseminated mineralisation within a mirco‐diorite.

“Interpretation of recent drilling data and ground magnetic data highlights the potential for further mineralisation to the west and at depth of the current drilling.”

Augur said the mineralised zone to the north remains open and the company is deliberating drilling some deeper holes to the south of the known mineralised zone as it considers there may be potential for mineralisation below the zone it has already tested.

The company presently has two drill rigs operating at the Randu Kuning project.

The current drilling is focused on the northern portion of the deposit testing an area approximately 200m north of the previous drilling.

“Deep drill hole targets are being finalised based on the most recent geological model,” Augur said.

“These holes will target both depth extents and zones interpreted to have potential for high-grade mineralisation.

“Preliminary metallurgical testing has commenced on the porphyry mineralisation at Randu Kuning.

 

Atlantic strikes more Nova Scotia gold

THE DRILL SERGEANT: Australian gold exploration and development company Atlantic Gold has identified a third zone of geochemically anomalous gold in bedrock during a regional exploration drilling program over the Meguma Terrane, in Nova Scotia in eastern Canada.

Atlantic has identified the new gold zone at Caduesky Lake in the western part of Nova Scotia.

Although the absolute gold values achieved are modest the company said it considers the results to be encouraging in terms of the wide sample spacing and the relative values against a very low background.

The company said the numbers also stack up when compared to other regional geochemical haloes located around its Touquoy and Cochrane Hill gold deposits.

Atlantic indicated it has further step-out interface drill traverses planned to be conducted in the next several weeks to build on these early results.

“At the other two identified gold-anomalous zones in the region – West Caledonia and Moses Lake – further assays have been returned and follow-up drilling has since been conducted,” Atlantic Gold said in its ASX announcement.

“The West Caledonia anomaly has been extended to the northeast and is now about four kilometres long.

“Infill drilling has confirmed the main Moses Lake anomaly, though its strike extent remains to be established.

“Further interface drilling is required to narrow the focus of these anomalies prior to conducting a diamond drilling program.”

So far Atlantic has carried out approximately 900 interface holes for over 11,000 metres of drilling along 50 traverses, on 14 properties.

Over the last four weeks drilling has been conducted in the eastern part of the Meguma Terrane, in order to complement a program of ground mapping and prospecting on selected targets.

Atlantic is still waiting to receive about 250 assays from this Eastern drilling, consisting of some 150 holes.

The company said it anticipates a turnaround of around four weeks for these results; in the meantime drilling is continuing.

Westgold confirms Jim’s Find

THE DRILL SERGEANT: Westgold Resources has completed the latest round of evaluation drilling at its recently-discovered Jim’s Find prospect at the Cuddingwarra Goldfield located in the company’s Central Murchison gold project (CMGP) in Western Australia.

Westgold described Jim’s Find to be a virgin discovery that shapes to be a mineralised shear zone hosted in mafic rocks.

Pattern drilling carried out in the course of the recent program has, according to the company, confirmed a strike-length of 300 metres with the system remaining open to the south and at depth.

This current round of drilling has confirmed the shallow mineralization Westgold previously reported it had encountered in the first round of drilling at Jim’s Find.

The better results from the latest program include:

–    2 metres at 14.83 grams per tonne gold from 31 metres;

–    10m at 2.66g/t gold from 10m;

–    5m at 3.31g/t gold from 31m;

–    14m at 2.49g/t gold from 47m;

–    8m at 3.61g/t gold from 16m;

–    3m at 6.07g/t gold from 41m; and

–    13m at 3.62g/t gold from 65m.

“This is a solid result,” Westgold Resources managing director Scott Huffadine said in the company’s announcement to the Australian Securities Exchange.

“We expect that Jim’s Find will shape up to be a modest size open pit and become one of a number of complimentary open-pit mining options for the Central Murchison gold project.

“Importantly, it confirms the potential to make further new discoveries of near surface and open-pittable gold mineralisation in the region.
 
“Our development plans remain on track, with the Central Murchison gold project continuing to form a key part of our platform to build a mid-tier gold producer from two mining centres in proven goldfields.”
Jim’s Find is located approximately 15 kilometres from the proposed site of the CMGP processing facility at Big Bell.

Haul road infrastructure is already in place from the previous mining of open pits at the City of Chester prospect where 92,000 tonnes at 3.14 grams per tonne gold was mined.

Flinders receives assays from BID drilling

THE DRILL SERGEANT: Flinders Mines has received results from the first batch of assays for a follow-up drilling program targeted at defining additional Brockman Iron Deposit (BID) mineralisation at its Pilbara iron ore project in Western Australia.

Flinders said the latest results have given it a high degree of confidence that its geological model for additional high grade ore on the margins of its channel based deposits can be validated.

Additional testing of these target zones is being scheduled; however, the company said it is confident there is potential for an increased Direct Shipping Ore resource of shallow, easily mineable ore.

Following the completion of an initial Measured Resource status infill drilling program the company carried out in June, it embarked upon a reverse circulation (RC) drill campaign, which has been testing recently identified BID zones and completing required Indicated Resource status infill work.

“The results highlight good grades, thicknesses and close proximity to surface,” Flinders Mines said in its ASX announcement.

“Only three of the drill holes in this initial batch of assays failed to produce significant results, indicating the extent to which this mineralisation is extending – further, the majority of this mineralisation lies outside the scope of the current global resource estimations currently underway.

“The thickness of the intersections are excellent and they are all at or near surface and well above the water table, which has the potential to result in low strip ratios and mining costs.”

The current drill program being undertaken by Flinders Mines is almost complete, much earlier than what the company expected.

The faster than expected drill rates will result in the company’s 2011 drilling program finishing ahead of schedule and under budget.

“With a proven geological model, a mapping program in the hills has been implemented, not only in Delta but across the whole tenement, in the areas that may be prospective for high quality BID mineralisation,” Flinders said.

“This mapping has identified areas of BID mineralisation in the hills in addition to that already tested.

“Work is underway to prioritise these targets for drilling to test the extent and quality of this mineralisation as soon as necessary approvals and clearances can been obtained.

“The mineralisation identified on the flanks of the hills remains open and will be the focus of further investigation during the first half of 2012.”

Corazon continues Lynn Lake nickel intersections

THE DRILL SERGEANT: Corazon Mining has struck additional nickel/copper sulphide mineralisation during its ongoing drilling of geophysical (EM) conductors at its EL Deposit located within the Lynn Lake nickel sulphide project in Canada.

A recently-completed wedge hole intersected approximately 26 metres of strong matrix to semi-massive sulphide style mineralisation from approximately 715 metres down hole, before grading into disseminated sulphide mineralisation – lower grade material.

The company said it received good visual evidence of nickel and copper mineralisation, supported by the results of a hand-held XRF tool.

The latest wedge hole drilled by the company has paralleled the first wedge hole announced by Corazon in June, which returned 23.75 metres at 3.34 per cent nickel, 1.54 per cent copper and 0.079 per cent cobalt.

Corazon said the combined results from the two holes assist it in defining the northern extents of the conductor target.

Although the exact location of the second wedge hole has yet to be accurately defined by survey, Corazon anticipates it to lie within 25 metres of the first, providing support for the company to plan an additional wedge hole.

This follow-up hole will target deeper within the mineralised system that has been defined by the EM conductors.

To date Corazon has drilled five holes into an EM conductor situated below the EL Mine.

These holes have tested only a small portion of the target; however they have all intersected high-grade nickel-copper mineralisation.

Assay for holes completed last month have now been returned with results including:

–    2.23m at 3.84 per cent nickel, 0.41 per cent copper and 0.092 per cent cobalt from 715.25m; and

–    42m at 3.99 per cent nickel, 0.36 per cent copper and 0.027 per cent cobalt from 724m.
Corazon has interpreted the first of these holes to have intersected the fault bounded on the upper eastern edge of the EM conductor target.

The other hole targeted an area slightly away from the edge of the EM anomaly and intersected the upper bounding fault at 724 metres and semi-massive to disseminated nickel and copper sulphides for the next 32.72 metres.

Corazon said another hole completed in the recent campaign went off target due to driller error and malfunctioning survey equipment.

The company said that it decided to see what eventuated so let the drilling continue expecting it may intersect an area previously untested by drilling.

This strategy paid off with the hole intersecting some 80 metres of strong Type 1 disseminated mineralisation from 820 metres to 906 metres.

“It is significant that the results of Corazon’s drilling have returned some of the highest recorded nickel grades in the Lynn Lake mining camp,” the company said in itsASX announcement.

“The predictability of the location of the mineralisation, coincident with the EM conductors, provides conclusive support that the EM anomalies recently defined represent semi-massive to massive sulphides, and hence high nickel and copper mineralisation.

“Drilling of the conductor is continuing, with the commencement today of a hole that will test the conductor deeper and further to the south.”