THE DRILL SERGEANT: White Cliff Minerals (ASX: WCM) has claimed a new copper and gold discovery at the Chanach project Joint Venture (WCM 57%) in the Kyrgyz Republic.

The new discovery, called Aucu, occurs two kilometres of the Chanach copper deposit.
According to White Cliff, rock chip and trench channel sampling has identified copper and gold zones from the 701 samples collected by the JV in late 2013.

White Cliff explained the mineralisation at Aucu occurs in three zones and is hosted in highly altered limestone and felsic porphyry units, which consists of quartz veining and associated alteration impregnated with sulphides including pyrite and chalcopyrite.

The three mineralised zones identified by trench sampling consist of:

7 metres at 3.83 per cent copper and 30.1 grams per tonne gold;

10m at 1.73 per cent copper including 1m at 106g/t gold; and

9m at 6.03g/t gold.

 

Geological map showing location of new copper and gold discovery on
the outer edge of a much larger alteration zone (blue oval) and strong
phyllic alteration (purple hatch) outcropping in the centre of the
alteration. Source: Company announcement

 

 

The rock sampling was mainly concentrated over the western half of the Chanach lease to follow up anomalous 2010 gold rock chip results and satellite ASTER alteration targets identified in 2011 but not previously explored.

White Cliff said the JV’s initial geological interpretation indicates the new results are part of a much larger mineralised system greater than one kilometre diameter centred 500m to the west of the mineralised zones.

“The new copper-gold discovery continues to expand the scale of the Chanach project and demonstrates that the project has the potential to host multiple large scale copper-gold resources,” White Cliff Minerals managing director Todd Hibberd said in the company’s announcement to the Australian Securities Exchange.

“The current exploration has barely scratched the surface and a lot more sampling and drilling is warranted.”

Email: info@wcminerals.com.au

Website: www.wcminerals.com.au

THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has identified additional high-grade copper-gold-silver results at the Rosita prospect, located 150 metres north of the Fortuna prospect within the company’s Huaco Cucho project, adjacent to its main Rasuhuilca project in Peru.

The data has been gleaned during an ongoing review Laconia is carrying out of historic exploration at the Rasuhuilca and Huaco
Cucho projects.

Two diamond drill holes were completed by the project’s previous owners Buenaventura Ingenieros SA during 2002.

The first hole (SDB 04 2002) was drilled to test mineralisation of the Huaco Fault, returning three small anomalous intersections, and a large zone of fracturing was also logged.

Although no intersection returned enough to identify a large zone of high-grade mineralisation in the Huaco Fault, there were low-grade results returned.

Because of this sampling conducted was not continuous down the entire hole, despite logging identifying disseminated pyrite throughout the hole.

Drill hole SDB 06 2002 was drilled to test the east-west trending veins at Rosita prospect, and was oriented from the north towards the south.
The hole intersected four zones of silicified and brecciated veining, which Laconia explained is a cross-section of the Rosita prospect.
Surface sample results from Rosita include:

0.3 metres at 5.63 per cent copper, 2.36 grams per tonne gold, 132 grams per tonne silver and 421 grams per tonne tellurium; and

0.5m at 1.62 per cent copper, 16g/t gold, 220g/t silver and 394g/t tellurium.
 
Underground adit channel sample results returned from the Rosita 4730
Level include:

0.3m at 4.5 per cent copper, 1.11g/t gold, 288g/t silver, 0.11 per cent zinc and 92g/t tellurium;

1m at 2.9 per cent copper, 4.58g/t gold, 46.6g/t silver and 96g/t tellurium; and

1.5m at 1.3 per cent copper, 1.43g/t gold, and 49.6g/t silver.

Diamond drill hole results from hole SDB 06 2002 at the Rosita prospect include:

7.7m at 0.44 per cent copper, 0.11g/t gold and 5.99g/t silver g from 20.3m, including 1.7m at 1.06 per cent copper, 0.14g/t gold and 7.18g/t silver from 24.7m; and

8m at 1.12 per cent copper, 0.26g/t gold and 12.76g/t silver from 73m, including 0.75m at 8.9 per cent copper, 1.57g/t gold and 104.15g/t silver from 80.25m.

 

Plan View of the Rosita Prospect with the 4730 adit, showing
surface and adit sample locations (coloured by copper content) and the
drill hole locations. Source: Company announcement

 

“The company is extremely encouraged by the identification of further strong copper-gold-silver grades from our flagship Peruvian project,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The Ccarhuaraso Volcanic system that is within the Rasuhuilca and Huaco Cucho projects is clearly a large, highly mineralised system and our knowledge of the wider system continues to grow through the systematic processing and follow up of the excellent historical data.

“The presence of significant high-grade copper, in conjunction with the gold and silver epithermal veins already identified, adds significantly to the potential of Laconia’s project interests.”

Email: info@laconia.com.au

Website: www.laconia.com.au

THE DRILL SERGEANT: Chesser Resources (ASX: CHZ) has received further results from a drill program conducted late last year at the company’s Kestanelik gold project in Turkey.

The company has received drill results for a further 12 diamond and 27 RC holes out of the 89 completed drill holes comprising the Phase 1 program.

According to Chesser the results have confirmed, and in some cases improved on existing results with the new intersections revealing potential to expand the footprint of near surface high-grade shoots in the company’s model for the project.

 

Cross section showing the position of high grade intercepts on
the K3 and K3-hangingwall ore bodies. Source: Company announcement

 

New intersections include:

41.7 metres at 4.36 grams per tonne gold from 111.5 metres, including 11.1 metres at 13.51 grams per tonne gold;

20.1m at 4.73g/t gold from 149m, including 3.4m at 23.08g/t gold;

12m at 5.03g/t gold from surface, including 4m at 14.02g/t gold;

35m at 2.07g/t gold from 60.4m, including 1.5m at 16.5 g/t gold;

37.1m at 1.24g/t gold from 31.5m, including 1.7m at 8.58g/t gold and 1.6m at 9.95g/t gold;

5m at 4.2g/t gold from 34m, including 1m at 10.8g/t gold; and

2m at 20.95g/t gold from 180m, including 1m at 39.9g/t gold.

“The phase one program was completed on schedule and will deliver a large number of new intercepts both inside and outside the existing resource,” Chesser Resources managing director Dr Rick Valenta said in the company’s announcement to the Australian Securities Exchange.

“We continue to be encouraged about the large number of intercepts which are proving to be better than the modelled resource at the corresponding location, increasing our confidence about the robust nature of the resource, along with its cost and infrastructure advantages.

“We are continuing to make good progress on the studies associated with the PFS and the EIA permitting process, and expect to provide more detail on key milestones associated with these activities as they arise.”

Chesser indicated it will use the results to complete a JORC resource for release in the June Quarter of2014, the timing of which will be dependent on the receipt of assays and subsequent modelling.

The updated JORC resource will be a key input to the Kestanelik PFS.

Email: info@chesserresources.com.au

Website: www.chesserresources.com.au

THE DRILL SERGEANT: Havilah Resources (ASX: HAV) has claimed drilling conducted by its Joint Venture partner MMG Exploration has discovered copper mineralisation at the Croziers Dam prospect.

Corziers Dam lies roughly half way between the company’s Portia and Kalkaroo deposits in South Australia.

The best intersection achived by diamond drillhole BNG13DDOO1 was 12.5 metres at 0.46 per cent copper from 213.5 metres depth.

Havilah explained the drillhole was designed to follow up copper indications encountered by earlier shallow aircore drilling.

The hole demonstrated copper anomalism for almost its entire length.

 

Skarn rocks in drillcore from Croziers Dam prospect, with
abundant sulphide minerals including chalcopyrite (copper ore),
magnetite (grey), pyrrhotite (bronze) and other dark greenish
calc-silicate minerals. Source: Company announcement

 

“Apart from the untested potential at the Croziers Dam prospect, there are extensive areas of granite contact on Havilah’s exploration licences that could potentially spawn similar mineralisation,” Havilah Resources managing director Dr Chris Giles said in the company’s announcement to the Australian Securities Exchange.

“The indications of IOCG style alteration are also significant because they are evidence that such mineralised systems were possibly active on the Benagerie Ridge, warranting further drilling of likely targets.”

Havilah highlighted another four diamond drillholes carried out by MMG, which has also located red hematite alteration, which it said is often associated with hydrothermal brecciation (fragmented and shattered rocks).

The company said these geological features are commonly observed in alteration zones marginal to iron oxide copper gold (IOCG) deposits, citing those in the vicinity of the Olympic Dam deposit as an example.
 
One of these four drillholes intersected minor associated copper mineralisation including 1.2m at 0.55 per cent copper and 0.1 grams per tonne gold from 249m depth.

 
Email: info@havilah-resources.com.au

Website: www.havilah-resources.com.au

THE DRILL SERGEANT: Midas Resources (ASX:MDS) has announced further high-grade copper results from reverse circulation (RC) drilling conducted at the Overlander North and Overlander South prospects, situated within the company’s 100 per cent-owned Mount Isa project in Northwest Queensland.

Midas claims the drilling on the two prospects, which was carried out in December 2013, has confirmed further high-grade copper zones, which remain open at depth.

 

Overlander North drill plan, showing the Overlander North
shear–hosted mineralisation and Overlander IOCG target. Source: Company
announcement

 

Best results from the drilling included:

14 metres at 2.62 per cent copper, 0.12 grams per tonne gold and 575ppm cobalt from 76 metres, including 6m at 3.73 per cent copper, 0.13g/t gold and 262ppm cobalt from 80m in hole OVRC002 at Overlander North. (announced 1in December 2013);

9m at 2.58 per cent copper, 0.22g/t gold and 421ppm cobalt from 49m (OVRC004) at Overlander North;

7m at 2.24 per cent copper, 0.09g/t gold and 648ppm cobalt from 121m (OVRC012) at Overlander North;

9m at 1.83 per cent copper and 1065ppm cobalt from 155m (OVRC013) at Overlander North; and

12m at 1.2 per cent copper, 0.09g/t gold and 568ppm cobalt from 31m (OVRC010) at Overlander South;

“We are very pleased with the results from the first drilling program at Mount Isa,” Midas Resources executive director Alex Hewlett said in the company’s announcement to the Australian Securities Exchange.

“Although we did not complete the testing of all the targets planned before the end of the year, Overlander North and Overlander South are shaping up as significant potential sources of high-grade sulphide copper resources to boost Midas’s existing resource at Kalman.”

The Overlander prospect is located six kilometres west of Midas’s Kalman copper-gold-molybdenum-rhenium deposit, which the company has interpreted to form part of a mineralised shear zone extending northwards for 6km from the known Andy’s Hill iron oxide copper-gold (IOCG) prospect in the south, through the Overlander South prospect to Overlander North.

Email: info@midasresources.com.au

Website: www.midasresources.com.au