THE DRILL SERGEANT: Energia Minerals (ASX: EMX) has completed resource infill drilling program at the company’s 100 per cent-owned Carley Bore uranium deposit in Western Australia.

The company said the drilling has confirmed the consistency of uranium mineralisation in all of the three areas that had been targeted for further definition drilling, highlighting the potential to upgrade the resource.

A total of 33 large diameter aircore holes were drilled within the first of these areas (Zone 6).

Carley Bore Zone 6. Source: Company announcement

Of these holes, 25 within the mineralised envelope were down-hole gamma logged producing encouraging results including:

LYAC0445:
9.78 metres grading 408ppm uranium equivalent (eU3O8);

LYAC0448:
4.56m grading 1,384ppm eU3O8;

LYAC0453:
7.3m grading 670ppm eU3O8; and

LYAC0458:
6.1m grading 683ppm eU3O8.

Energia indicated holes LYAC0454 and LYAC0460 also encountered strong mineralisation over at least 10 metres and 5 metres respectively.

On-the-spot analysis of mineralisation in these two holes by hand-held XRF returned an intersection of 10m grading 475ppm U3O8 in hole LYAC0454.

Energia anticipates receiving final geochemical assays in approximately three weeks’ time, at which time it intends conducting a detailed comparison of the geochemical results against the down-hole gamma logging results.

In tandem with this, a revised resource estimate and updated Scoping Study utilising only the geochemical assays will be carried out by Coffey Mining.

The new resource and Scoping Study results are expected to be available early in the first quarter of 2014.

“This work clearly reinforces the potential to underpin a high quality In-Situ Recovery (ISR) mining operation at Carley Bore,” Energia Minerals managing director Kim Robinson said in the company’s announcement to the Australian Securities Exchange.

“We are looking forward to receiving the remaining data from the drilling program, updated resource estimate and Scoping Study, paving the way for this project to advance to the next stage.”

Email:
info@energiaminerals.com

Website:
www.energiaminerals.com

THE DRILL SERGEANT: Liontown Resources (ASX: LTR) has been encouraged by intersections recorded from an initial RC drilling program at the company’s Rupa Suguti gold project in Northern Tanzania.

Better intersections from the recently-completed nine hole RC program include:

–    SCRC021: 5 metres at 3.8 grams per tonne gold from 59 metres, including 1 metres at 7.2 grams per tonne gold from 59m;

–    SCRC023: 12m at 2.8g/t gold from 12m, including 4m at 7g/t gold from 12m; and

–    SCRC024: 12m at 2.4g/t gold from 40m, including 4m at 5.9g/t gold from 40m.

According to Liontown the RC drilling program was designed to validate previous results from a 16 hole program drilled by Iscor Limited at the Chirorwe prospect in the mid-1990s.

“Iscor’s drilling recorded multiple intersections that indicated good gold grades and continuous mineralisation over 800 metres strike,” Liontown Resources said in its ASX announcement.

“The mineralised trend defined by Iscor remained open in all directions and there has been no other drilling at the Chirorwe prospect until Liontown’s recently completed program.”

Liontown considers its drilling to have validated the earlier results achieved by Iscor.

Rupa/Suguti–Chirorwe prospect geology showing previous Iscor and
recent Liontown drilling with better gold intersections. Source: Company
announcement

The company said recent mapping has defined the mineralised trend over 900 metres strike with further artisanal pitting observed approximately 150 metres west of the western most Iscor drill hole.

“The main gold lode at Chirorwe is a moderately south dipping, strongly silicified, sulphidic, 1 to 4 metres thick horizon hosted by sheared, altered basalt immediately north of an intrusive granitic contact,” the company said.

Liontown has already identified priority targets for future drilling programs , which include:

The central part of the Chirorwe prospect, which is largely obscured by shallow cover;

Along strike to the east of SCH021 which is also obscured by shallow cover; and

Along strike to the west where artisanal pits have been mapped.

The Chirorwe prospect is located on a 7km long gold corridor defined by soil sampling and the alignment of historic and active artisanal workings.

Liontown indicated this corridor will be the focus of future exploration programs designed to define further drill targets.

The Rupa Suguti project comprises a largely contiguous package of tenements covering Archaean greenstones and is located in northern Tanzania approximately 200km north of Liontown’s other property in the country, the Jubilee Reef project.
 
Liontown has the right to earn 100 per cent of the property via an option agreement with private Tanzanian company Bismark Hotel Mining Company Limited.

Email:
info@ltresources.com.au

Website:
www.ltresources.com.au

THE DRILL SERGEANT: Excelsior Gold (ASX: EXG) has released an updated resource estimation on the Zoroastrian gold deposit within the company’s Kalgoorlie North gold project.

The new estimate has increased contained resource ounces at Zoroastrian by 11 per cent and improved average grade by nine per cent.

The new Indicated and Inferred gold resources at Zoroastrian total:

6,690,000 tonnes at 2.7 grams per tonne gold for 581,200 ounces of gold.

“The delineation of the extra ounces and higher grade gold mineralisation will potentially improve the open pit and underground economics, as well as facilitating the delivery of a more favourable Pre-Feasibility Study,” Excelsior Gold said in its ASX announcement.

This latest resource upgrade has resulted in an increase to Total Measured, Indicated and Inferred gold resources for the Kalgoorlie North Gold Project to:

21.47 million tonnes at 1.81 g/t gold for 1,249,700 ounces – at 0.6 and 3.0g/t gold lower cut-offs

Zoroastrian Resource summary. Source: Company announcement

The resource update includes 23 new Reverse Circulation (RC) and diamond drill (DD) holes comprising of 14 infill RC and DD holes and nine extensional RC and DD holes.

Drill holes KNC130061 to KNC130063 were drilled within a high-grade conceptual underground mining area of the Zoroastrian deposit to allow the company to convert the Inferred resources within the resource block model to JORC-standard Indicated resources.

Intercepts from this drilling included:

–    11 metres at 6.46g/t gold from 233 metres, including 4 metres at 13.2g/t gold from 240 metres (KNC130062);

–    11m at 3.24g/t gold from 242m, including 4m at 7.91g/t gold from 242m and 14m at 5.88g/t gold from 282m, including 4m at 17.0g/t gold from 291m (KNC130063); and

–    2m at 7.32g/t gold from 212m and 2m at 4.48g/t gold from 237m (KNC130061).

Excelsior Gold conducted further deeper diamond drilling (KNCD130064 to KNCD130066) to test up to 180m down from the interpreted plunge of a previous high-grade intersection of 19m at 5.44g/t gold in (KNCD120257).

Results included:

–    5m at 3.27g/t gold from 464m (KNC130064);

–    3m at 4.62g/t gold from 369m (KNC130065); and

–    0.2m at 10.7g/t gold (with visible gold) from 421.8m (KNC130065).

“These results lie outside of the current resource and further demonstrate part of the excellent exploration potential that remains at Zoroastrian,’ Excelsior Gold said.

“The company is currently reviewing the resource model on several of its satellite deposits and anticipates the delivery of another resource update in the near future.”

Email:
admin@excelsiorgold.com.au

Website
www.excelsiorgold.com.au

THE DRILL SERGEANT: The latest drilling results for Beadell Resources (ASX: BDR) have provided another growth spurt to the Duckhead open pit oxide gold deposit at the company’s 100 per cent-owned Tucano gold mine, located in Brazil.

According to Beadell, recently-completed infill drilling within the reserve open pit has identified a new zone of gold mineralisation 50 metres northeast of the Hangingwall Lode where RC drilling intersected:

24 metres at 7.1 grams per tonne gold from 0 metres to BOH; (Hole GCRC8580)

24m at 14.6g/t gold from 0m to BOH, including 1m at 50.8g/t gold BOH; (Hole GCRC8581)

6m at 7.6g/t gold from 0m; and (Hole GCRC8579)

14m at 1.8g/t gold from 8m. (Hole GCRC8556)

“Infill grade control RC drilling of the Main Lode and Hangingwall Lodes has again recorded drill results in excess of previous wider spaced drilling ensuring further positive reconciliation will continue,” Beadell Resources said in its ASX announcement.

Duckhead plan showing location of significant grade control result. Source: Company announcement

Drill results from the Main Lode include:

20m at 75.8g/t gold from 0m. (Hole GCRC8671)

This intersection included a new small zone of gold mineralisation, which the company has interpreted to be a spur or splay off the main lode with:

6m at 240.4g/t gold from 0m, including 1m at 1,299g/t gold from 2m.

This intersection is outside the resource wireframes.

Other results from the Main Lode included:

8m at 163.4g/t gold from 19m, including 4m at 320.3g/t gold from 19m; (Hole GCRC8672)

18m at 81.5g/t gold from 6m, including 3m at 481.6g/t gold from 7m; (Hole GCRC8673)

8m at 30.4g/t gold from 27m, including 3m at 76.4g/t gold from 27m; (Hole GCRC8674)

18m at 37.7g/t gold from 27m, including 1m at 477.7g/t gold from 29m; and (Hole GCRC8679)

9m at 70.4g/t gold from 15m, including 3m at 178.7g/t gold from 20m. (Hole GCRC8492)

Beadell also conducted infill drilling of the Hangingwall Lode, which the company said continues to deliver results over and above the tenor and width it originally used in the resource and reserve model.

“The drilling indicates that the Hangingwall lode blows out to approximately 50 metres wide and 100 metres strike at the surface and then narrows to approximately 20 metres wide at depth,” Beadell said.

New Hangingwall results include:

18m at 7.2g/t gold from 1m; (Hole GCRC8573)

15m at 9.7g/t gold from 0m; (Hole GCRC8595)

24m at 6.7g/t gold from 0m to BOH; and (Hole GCRC8607)

14m at 7.7g/t gold from 0m. (Hole GCRC8608)

Beadell also completed an exploration and resource extension drilling program on the Duckhead Near pit and regional targets, which recorded encouraging gold results in first pass RC drilling at the North Limb target, including:

4m at 3.1g/t gold from 26m. (Hole FVM322)

Beadell explained this result forms a strike of greater than 80m of newly-discovered gold mineralisation along strike of a recently recorded result of 8m at 2.1g/t gold from 6m, including 1m at 12.9g/t gold from 12m.

Email:
info@beadellresources.com.au

Website
www.beadellresources.com.au

THE DRILL SERGEANT: Kidman Resources (ASX: KDR) has received results from recent deeper diamond drilling carried out at the company’s Home of Bullion (HOB) project in the Northern Territory.

According to Kidman the drilling has confirmed the down dip continuation of copper mineralisation on both the Main Lode and Southern Lodes at the project.

Hole HDD044W3 intersected:

–    10.5 metres at 3.78 per cent copper, 1.15 per cent lead, 1.99 per cent zinc, 53.28 grams per tonne silver, and 0.59 grams per tonne gold from 480.4m downhole.

This intersection included a high-grade zone of:

–    4.8m at 7.54 per cent copper, 2.05 per cent lead, 3.39 per cent zinc, 99.72/t silver, 1.17g/t gold from 486.1m.

Kidman explained it has interpreted the intersection achieved by hole HDD044W3 to be close to true width.

It was drilled 40m below HDD044, which was previously reported as the deepest intercept, returning:

–    9.7m at 3.4 per cent copper, 0.8 per cent lead, 2 per cent zinc, 40.7g/t silver, and 0.5g/t gold.

All intercepts are interpreted as being close to true width.

Southern Lode long-section looking south showing HDD043W3 and recent
drill intercepts. Shaded section showing high-grade copper shell of
>2% copper which remains open. Source: Company announcement

“The ongoing diamond drilling program at Home of Bullion has confirmed that mineralisation now extends to a depth of approximately 600 metres on the Main lode and 500 metres on the Southern Lode and remains open,” Kidman Resources managing director Shane Mele said in the company’s announcement to the Australian Securities Exchange.

“This has potentially doubled the size of both lodes and contributes significantly to our aim of defining a high-grade resource at Home of Bullion.

“Drilling continues with two rigs operating 24/7 which are now targeting strong DHEM conductors and has the potential to add significant tonnage to the deposit.

“DHEM conductors at nearby Prospect D also remain untested where previous drilling defined high-grade copper-nickel zones.”

Kidman said conductor plates it has modelled from down-hole electromagnetic (DHEM) surveys in HDD044 allowed it to target the HDD044W3 position.

Ongoing DHEM surveys are being utilised to define new conductors to extend the known zones of copper mineralisation.

Current drilling is targeting stronger conductor plates recently identified from DHEM surveys on both lodes.

The company is confident this will enable it to determine the internal and lateral continuity of copper mineralisation.

Drillcore is being processed and submitted for analysis.

Email:
info@kidmanresources.com.au

Website:
www.kidmanresources.com.au