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.

 

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.

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.”

Meteoric confirms gold at Tibooburra

THE DRILL SERGEANT: Meteoric Resources has completed follow-up sampling of an initial drilling program at the company’s New Bendigo prospect at Tibooburra, 300 kilometres north of Broken Hill in New South Wales.

The sampling has confirmed high-grade gold mineralisation from intersections including:

–    20 metres at 5.22 grams per tonne gold from 8 metres, including 3 metres at 22.62 grams per tonne gold from 13m; and

–    4m at 11.33g/t gold from 36m at end of hole.

Meteoric said the results highlight the potential of the New Bendigo prospect to host significant shallow gold mineralisation.

“The mineralisation intersected by the drilling represents the northern soil covered extension of a 1.2 kilometre-long zone of mapped sericite-altered phyllites and metasiltstones hosting old gold diggings,” the company said in its ASX announcement.

“Within this 100 metre to 300 metre-wide alteration zone a second line of old diggings is evident to the west of the trend drilled to date.

“The western trend is approximately one kilometre in length and remains to be drill tested.”

The latest results follow on from the company’s announcement from September of the completion of a first pass RAB/aircore drilling program at Tibooburra.

Meteoric has now completed follow up sampling of one metre intervals in mineralised zones of that drilling.

The company said the follow up sampling has confirmed a zone of mineralisation some 300m in strike length with best intercepts of:

–    20m at 5.22g/t gold from 8m, including 3m at 22.62g/t gold from 13m; and

–    4m at 11.33g/t gold at end of hole, including 2m at 21.87g/t gold from 36m.

“The mineralisation is interpreted to comprise multiple sub-vertical zones of quartz veining and stockworks within a broader zone ranging from 20 metres to 50 metres in width,” Meteoric said.

“The mineralisation appears to be strengthening to the south and is open in that direction.”

Six kilometres south of New Bendigo, further follow-up sampling was carried out on the Kink prospect, which the company said also confirmed anomalous gold grades in drill holes one kilometre apart.

Both the New Bendigo and Kink prospects occur close to a mapped regional fault structure, the New Bendigo Fault.

“Meteoric is most encouraged by the confirmatory assays from its first drilling program, which demonstrate the potential for New Bendigo to host shallow high grade gold mineralisation,” the company said.

“A program of mapping and sampling is to be carried out at New Bendigo in order to define further drilling targets along strike on the eastern zone and at the untested western zone.

“Further drilling is also planned at Kink to follow up the anomalous results from the wide-spaced drilling.”

Northern Star drills big numbers at Paulsens

THE DRILL SERGEANT: Northern Star Resources has achieved some impressive resource extension drilling results yet at the Voyager 1 lode at its Paulsens gold mine in Western Australia.

The company is confident the latest results could set up further increases in resources, production and mine life.

The intersections include:

–    18.8 metres at 62.7 grams per tonne gold, including 7.0 metres at 140.7 grams per tonne gold (with 0.85 metres at 773 grams per tonne gold);

–    13.3m at 12.2 g/t gold; and

–    6.4m at 120.2 g/t, including 2m at 345.4 g/t gold.

Northern Star said it will use the latest results to form part of its next resource upgrade, which in turn will underpin a revised mine plan for Paulsens, including increased mine life, production and cashflow.

The new mine plan will become an important aspect of Northern Star’s strategy to increase its total production to 200,000 ounces per annum from the current rate of 80,000 ounces per annum.

Northern Star said it considers these latest results from the Voyager 1 lode to be quite significant as they confirm the extension to the main ore zone, commonly referred to as the Upper Zone, it announced in September.

The company highlighted the first intersection, which returned multiple numbers of assays greater than 100 g/t gold, with a maximum intercept of 773 g/t gold.

It also pointed to the third intersection saying it adds further support for a substantial down plunge extension to the Voyager 1 lode due to it being the deepest mineralisation intersected in Voyager 1 to date.

Voyager 1 lode is the main ore source at Paulsens and has produced 100,000 ounces of gold over the past 15 months.

It continues to be open down plunge and dip and is emerging as the company’s major source of production for at least the next two years.

When combined with the potential of the Voyager 2 mineralisation, Northern Star is confident Paulsens stands to have a projected life of at least another five years.

“These significant high-grade results will make a substantial contribution to an upgraded mine plan for Paulsens, including increased resources, production and cashflow,” Northern Star Resources managing director Bill Beament said in the company’s announcement to the Australian Securities Exchange.

“Combine these extensions to Voyager 1 with the successful delineation of Voyager 2 and it is abundantly clear that the financial prospects for Northern Star are exceptionally bright.”

Results continue to encourage Laconia

THE DRILL SERGEANT: The good news keeps coming for Perth-based exploration company Laconia Resources.

The company has announced the intersection of further high-grade zinc and silver mineralisation from its maiden drilling program at the Lennons Find base metals project, near Marble Bar in the Pilbara region of Western Australia.

The latest results have been achieved from drilling at the Tiger prospect, with highlights including:

– 2 metres at 232 grams per tonne silver, 0.56 grams per tonne gold, 0.07 per cent zinc, 0.08 per cent copper from 15 metres; and

– 2 metres at 145 grams per tonne silver, 0.67 grams per tonne gold, 0.13 per cent zinc, 0.76 per cent copper from 6 metres.

Laconia said that it had confirmed the presence of ore grade mineralisation along strike in both directions.

Laconia recently released other results that it said had confirmed high-grade silver intersected near surface and along strike at the Bronze Whaler prospect.

The company has also intersected zinc-silver mineralisation outside the current Resource boundary at the Hammerhead prospect.

All of these high-grade results come from a recently completed a 42 hole, 1,939 metre reverse circulation (RC) drilling program conducted at the Lennons Find project.

The Lennons Find project currently has a JORC Inferred Resource of 853,000 tonnes at 115 grams per tonne silver, 7.7 per cent zinc, 0.7 per cent copper, 1.8 per cent lead at the Hammerhead prospect.

The company is set to commence resource modelling incorporating results from all three prospects immediately.

“We continue to be delighted with the results from our targeted drilling at the Lennons Find project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The additional high grade results from the Tiger prospect, combined with the previous results from Hammerhead and Bronze Whaler, paint a compelling picture of the project’s potential.

“Significant zinc and silver grades have now been intersected on strike, on either side of the existing Resource at Hammerhead, and we look forward to incorporating these new intersections in Resource modelling as soon as possible.”

Sherwin receives Roper River results

THE DRILL SERGEANT: Iron ore-focused exploration company Sherwin Iron has reported results from a drilling campaign the company has carried out at the Sherwin Creek prospect located within its Roper River iron ore project in the Northern Territory.

These recently-received results stem from a program of 91 RC drill holes totalling 4,506 metres, and 18 diamond drill holes totalling 607 metres.
The drilling was carried out so that Sherwin could test the continuity and boundaries of drill results it had previously reported to the market.

The best of the results received from the latest round of drilling include:

9 metres at 47.8 per cent iron from 11 metres;

8m at 49.7 per cent iron from 31m;

9m at 50.3per cent iron from 29m;

10m at 47.1per cent iron from 36m;

7m at 51.1per cent iron from 30m;

10m at 47.4per cent iron from 0m;

10m at 49.0per cent iron from 0m; and

10m at 50.1per cent iron from 22m.
 
Sherwin Iron conducted the infill drill program at Sherwin Creek over a nominal 400m by 200m drill hole spacing appropriate for the computation of a resource estimation.

SRK Consulting has commenced estimation of a maiden resource for Sherwin Creek, which is targeted for delivery by the end of October.

The company said it had confirmed that the middle and lower beds of shallow dipping iron oxide mineralisation that it announced to the market in June are continuous between sections.

Indicative beneficiation testing of the Sherwin Creek iron oxide mineralisation has commenced using samples the company obtained from a metallurgical diamond drilling program of 8 PQ diamond core holes for 229m to support the resource estimate.

“These are further excellent results from our 2011 drill program,” Sherwin Iron managing director Jerry Ren said in the company’s announcement to the Australian Securities Exchange.
 
“The additional drilling results should underpin a substantial maiden resource at Sherwin Creek and are consistent with our current Exploration Target of 400 million tonnes to 500 million tonnes at 40 per cent to 48 per cent iron for Hodgson Downs, Sherwin Creek and Mount Fisher.

“Our 2011 exploration season is still underway and the ongoing mapping and sampling of targets in the Mount Scott and Yumanji areas is on track to upgrade the company’s Exploration Target for the Roper River iron ore project before the end of the field season.”