Black Cat Syndicate Delivers Near Mine Growth from Paulsens Drilling

/in , /by

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported latest results from underground diamond drilling undertaken at the company’s 100 per cent-owned Paulsens gold operation in Western Australia.

Black Cat Syndicate received high-grade extensional results from drilling carried out in the upper, middle and lower Main Zone outside the current Paulsen Resource.

Main Zone is considered to host growth opportunities adjacent to known lodes, from un-developed veins adjacent to the decline and down plunge extensions.

The company highlighted the results to be located near existing or planned development, requiring minimal additional access capital.

Recent drilling from the Upper Main Zone targeted extensions to hangingwall lodes within the Main Zone, including potential down plunge extensions to the Apollo deposit.

Results from outside the current mine plan in the upper section of the mine include:

PGGC23043
5.41 metres at 9.25 grams per tonne gold from 139.59m;

PGGC23057
2.73m at 7.12g/t gold from 48.3m; and

PGGC23044
1.09m at 7.13g/t gold from 118.36m.

Drilling at the Middle Main Zone section of the mine targeted extensions to lodes in the immediate hangingwall of the Main Zone, which has not previously been a focus.

Results from outside the current mine plan in the middle section of the mine include:

PGRD23169
2.07m at 9.1g/t gold from 45.58m;

PGRD23234
1.45m at 16.68g/t gold from 61.75m;

PGRD23235
1.15m at 18.34g/t gold from 69m; and

PGRD23237
3.66m at 5.4g/t gold from 50.09m.

Results from the Lower Main Zone outside the current Resource include:

PGRD23165
1.31m at 89.83g/t gold from 92.06m;

PGRD23206
0.8m at 37.4g/t gold from 57.01m; and

PGRD23209
1.92m at 14.86g/t gold from 26.08m.

“Our ongoing drilling success continues to show significant upside in readily accessible areas that have the potential to contribute strong early cashflow,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“These and other recent results will be included in the November 2023 Restart Study which is expected to deliver increased production, improved recoveries, a lower upfront capital cost and stronger cashflow.

“With surface RC drilling to commence in mid-October 2023 we are excited by the potential to extend the upper parts of the Paulsens system as well as regional targets that include the 2.5 kilometres long, undrilled Belvedere trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Oar Resources Reports REE Results from Historic Western Eyre Peninsula Drill Core

/in , /by

THE DRILL SERGEANT: Oar Resources (ASX: OAR) reported further rare earth element (REE) results gleaned from geochemical analysis of historical exploration drill core samples from the company’s 100 per cent-owned Western Eyre Peninsula project in South Australia.

Oar Resources said strong assay results were achieved from 262 historical drill core samples, taken from 10 drill holes across the project’s Conical Hill prospect and Hill 55 anomaly.

Assays for the submitted samples returned total rare earth (TREO) values up to 2806ppm with high value magnet rare earth oxides (MREO) accounting for up to 37 per cent of the TREOs.

Ninety per cent of the holes returned assay values greater than 1000ppm TREO.

“These latest results are encouraging for Oar Resources as we continue to analysis the extensive set of historical drill core samples, covering our Western Eyre Peninsula tenement,” Oar Resources managing director Paul Stephen said in the company’s ASX announcement.

“This region of South Australia has not previously been explored using today’s technology or standards, and it has never been assessed for REE potential.

“These initial results reinforce the presence of REE across the Western Eyre Peninsula project, suggesting there is great REE potential in this largely underexplored part of Australia.

“The OAR team continues to advance our exploration efforts for REE and critical minerals, while simultaneously assessing new opportunities and building a world-class team, as we focus on delivering metals of the future.”

Oar Resources indicated it intends to follow up these results by expanding its current sampling program to include additional historic holes which targeted 82 magnetic anomalies.

Oar is in the process of reviewing geophysical data with the aim of identifying further intrusives and has lodged a drilling proposal for an initial 21-hole RC program at Conical Hill to test the revised geophysical model, the intrusion at depth targeting fresher parts of the intrusion, as well as the magnetic core.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Golden Mile Resources Encounters Further Nickel Cobalt at Quicksilver

/in , /by

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported an encounter with oxide nickel and cobalt mineralisation via recent reverse circulation (RC) drilling at the company’s 100 per cent-owned Quicksilver nickel-cobalt deposit in Western Australia.

Golden Mile Resources recently completed seven exploration RC drill holes, from which it has gained a better understanding of the potential source of nickel beneath the project’s existing nickel-cobalt oxide Resource.

Highlights of the drilling include:

23QRC0169
17 metres at 0.81 per cent nickel from 46m depth and 21m at 0.89 per cent nickel from 78m depth, including 2m at 2.03 per cent nickel from 80m depth 6m at 1.16 per cent nickel from 85m depth and 2m at 1.1 per cent nickel from 94m depth;

23QRC0172
24m at 0.81 per cent nickel from 60m depth, including 11m at 1.02 per cent nickel from 68m depth and 13m at 0.105 per cent cobalt from 60m depth, including 6m at 0.142 per cent cobalt from 62m depth;

23QRC0171
10m at 1.23 per cent nickel from 96m depth and 8m at 0.07 per cent cobalt from 97m depth, including 3m at 0.104 per cent cobalt from 98m depth;

23QRC0170
21m at 0.063 per cent cobalt from 31m, including 2m at 0.139 per cent cobalt from 35m depth and 1m at 0.153 per cent cobalt from 47m depth; and

23QRC0174
8m at 0.167 per cent cobalt from 19m depth, including intercepts up to 0.679 per cent cobalt.

“These results add further confidence in the potential for Quicksilver as a growing nickel Resource, utilising the existing oxide resources but also potentially primary nickel mineralisation within a fertile ultramafic protolith,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“The ongoing analysis of the significant data collected to date reinforces the potential of high-grade zones which would add further value uplift from these metallurgical opportunities.”

Golden Mile has begun planning and designing an orientation drill program to confirm the positioning of the high-grade nickel seams within the deposit, which it explained is the first step of a staged scoping study.

Timings of the study program will be released upon confirmation of the drill program schedule, enabling the company to design an optimal infill drill program, ensuring the most comprehensive data set is obtained for updating the Resource, and developing a conceptual mine design and economic evaluation.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Burley Minerals Commences Drilling at Chubb North in Canada

/in , /by

THE DRILL SERGEANT: Burley Minerals (ASX: BUR) has commenced drilling at the company’s Chubb lithium project, north of Val d’Or, Québec in Canada.

Burley Minerals’ drilling at the Chubb North prospect comes after analysis of mapping and field pXRF mineral geochemistry conducted in August that revealed outcropping pegmatites extend over an area of more than 200 hectares at the northern end of the Chubb lithium project.

Burley identified six targets and gained subsequent approvals to allow drilling.

The company explained the preliminary drilling program is designed to develop an understanding of the pegmatites’ structures while confirming pathfinder and spodumene mineralisation.

Burley also utilised Ambient Noise Tomography (ANT) geophysics surveys that located sub-surface structural targets which may represent buried pegmatites to the northeast and south of the Chubb Central mineralised zone.

“Burley’s exploration team are excited about the prospect of additional spodumene mineralisation at previously undrilled Chubb North prospect,” Burley Minerals managing director and CEO Stewart McCallion said in the company’s ASX announcement.

“Following analysis of the geochemistry and mapping over the sizeable pegmatite outcrop, the Burley team in Val d’Or, Québec expedited the initial drilling permits and now the diamond drilling rig is in place and making good progress.

“I am looking forward to seeing the results.

“After completing more than 7,800 metres of infill and extension drilling at Chubb Central since April of this year, we will take this opportunity to review the data and logs, together with the results of the ANT geophysics survey to determine targets aiming at further expansion of the known spodumene mineralised zone.

“We are very encouraged about the new targets which have opened a large, undrilled areas at Chubb North and at Chubb Central.

“Our team continues to successfully progress this highly prospective project, in the Tier 1 lithium province of Québec, Canada.

“As we have moved into Chubb North, this will be only the third of the 35 claims we have drilled at the Chubb lithium project, located in close proximity to Quebec’s major mining community, Val d’Or.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Rox Resources Scores High-Grade Gold Results at Link

/in , /by

THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported assay results from resource development drilling at the company’s 100 per cent-owned Youanmi gold project near Mt Magnet in Western Australia.

Rox Resources’ recent activities focused on the Link area of the project, which it describes as being “a fast-developing strike extension to the historically mined lodes at Youanmi, and benefits from its proximity to established underground infrastructure”.

Recent assay batch received from Youanmi resource development drilling at Link include:

RXDD088
24.43 metres at 12.79 grams per tonne gold from 369m, including 6.03m at 25.01g/t gold from 372.97m and 1.87m at 28.65g/t gold from 383.13m, and 2.68m at 36.51g/t gold from 390.75m;

RXDD092
7.73m at 3.12g/t gold from 366.9m, including 4.1m at 4.65g/t gold from 366.9m;

RXDD093
3.89m at 5.75g/t gold from 408m, including 1.93m at 9.21g/t gold from 409.96m, and 1.02m at 29.88g/t gold from 425.45m; and

RXDD096
3.84m at 9.13g/t gold from 412.51m, including 2.15m at 13.5g/t gold from 412.51m.

Rox said the results support its agenda of moving resources at Link to a higher confidence category to support feasibility studies and to also demonstrate significant resource upside.

“The final batch of assay results from Link have proven to be some of the best yet, with a spectacular intercept of 24.43 metres at 12.79 grams per tonne reinforcing the high-grade nature of the Youanmi gold project,” Rox Resources managing director Robert Ryan said in the company’s ASX announcement.

“The latest campaign has defined Link down to approx. 475 metres below surface, with the mineralisation remaining open and no deeper drilling completely beyond this depth.

“Given that the Youanmi Main Lode, which sits just next door, has been intersected at depth of up to 970 metres below surface, we believe there is immense potential for the mineralisation at Link to continue at depth.

“Following our recent consolidation of tenure ownership over the broader high-grade Youanmi belt, drilling is also underway on regional targets that extend from north of Youanmi to south of the Penny West mine.

“Drilling is currently underway at Curran’s Find and our near-mine targets at Youanmi South, with assay results expected in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Galan Lithium Phase 2 DFS Confirms Tier One Status of HMW Project

/in , /by

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) reported results of a Phase 2 Definitive Feasibility Study (DFS) for the company’s 100 per cent-owned Hombre Muerto West (HMW) project in Catamarca Province, Argentina.

Galan Lithium explained the HMW project DFS was separated into two phases with the initial Phase 1 DFS based on a production level of 5.37ktpa lithium carbonate equivalent (LCE) in the form of lithium chloride concentrate (as governed by the production permits).

The Phase 2 DFS has increased the overall annual production rate to 20,851 recoverable tonnes LCE, contained in a concentrated lithium chloride product for a period of 40 years.

Tier one Phase 2 DFS results demonstrate the HMW project can produce a premium high-grade lithium chloride (LiCl) concentrate of 6 per cent lithium, comparable to 13 per cent lithium oxide (Li2O) or 32 per cent LCE in H2 2026.

“The release of the Phase 2 DFS for Hombre Muerto West clearly demonstrate the world-class nature of Galan’s 100 per cent-owned project,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“The production volumes and low cost of production from HMW means it is truly worthy of being considered a tier one lithium brine project.

“These results fully support our DFS re-evaluation process and long-term production strategy, delivering a high-quality lithium chloride product into the market and providing Galan with strong early cash flows.

“The Board is delighted to report these outstanding financial outcomes for the project Phase 2 DFS which are robust and include an approximate 2.9-year payback and a USD 2 billion Project NPV.

“Construction of Phase 1 is already well underway with the first evaporation pond already 15 per cent complete.

“Galan looks forward to updating shareholders and investors as development continues into future phases to accelerate and ramp up production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Great Boulder Resources Drills 248g/t Gold Boost at Mulga Bill

/in , /by

THE DRILL SERGEANT: Great Boulder Resources reported on recent exploration activity at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources announced recent results from RC drilling at Mulga Bill that included high-grade intersections, which the company said would be included in an updated Mineral Resource Estimate in October.

Highlights include:

23MBRC059
5m at 98.89 grams per tonne gold from 249m, including 1m at 248g/t gold from 249m and 1m at 229g/t gold from 251m;

23MBRC059
8m at 13.19g/t gold from 88m and 3m at 20.98g/t gold from 235m;

23MBRC064
5m at 9.92g/t gold from 94m, including 1m at 43g/t gold from 94m; and

23MBRC067
8m at 6.41g/t gold from 52m.

Great Boulder is currently awaiting assays for another 16 RC holes from this round of drilling.

“Recent RC drilling at Mulga Bill has intersected more sensational gold grades, with assays as high as 248g/t gold,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“There are also broad intersections showing good grade closer to surface, which are important in a potential mining scenario.

“As we finalise preparation for the pending Side Well resource update all of this data will inform the new model.

“I’m also very pleased to report that the first of two Aboriginal heritage surveys was [sic] completed on schedule at Ironbark South.

“The second is scheduled for mid to late October, after which we’ll be able to start testing new targets that have never been drilled before.

“This is an exciting and important step forward in our exploration program at Side Well.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

MTM Critical Metals Reports Strong First Assay Results from Pomme Drilling

/in , /by

THE DRILL SERGEANT: MTM Critical Metals (ASX: MTM) reported high-grade total rare earth oxide (TREO) assay results from diamond drilling at the company’s Pomme REE-niobium project in Québec, Canada.

MTM Critical Metals said the first three of 13 diamond drill holes drilled have returned TREO assay results up to 1.62 per cent (16,200ppm) at the Pomme project.

Rare earth element (REE) and niobium (Nb) mineralisation has been confirmed over broad intervals, and importantly numerous higher-grade zones of greater than 1% (10,000ppm) TREO were also intersected.

Results include:

POM-23-03
398 metres at 0.54 per cent TREO (5,400ppm) and 0.05 per cent Nb2O5 from 16m.

This included a best interval of 26.5m at 1.45 per cent TREO and 0.02 per cent Nb2O5.

“Assay results from the recent drilling show the Pomme carbonatite complex contains abundant rare earth and niobium mineralisation that extends throughout the full length of the diamond drill cores and verify the historical REE-Nb mineralisation intersected in drill hole MVX-12-01,” MTM Critical Metals managing director Lachlan Reynolds said in the company’s ASX announcement.

“Furthermore, there are a number of significant higher-grade zones within the mineralised carbonatite indicating significant potential for an economic resource of some scale.

“The consistent high percentage of NdPr and the presence of niobium are particularly pleasing and increase the mineralisation basket price for the prospect.

“Our exploration team will be looking to undertake a thorough assessment and interpretation of the geological logging and the assay results in order to define high priority areas for follow-up exploration works, including drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Golden Mile Resources Completes RC Drilling at Yuinmery

/in , /by

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) has completed a RC drilling program at the company’s 100 per cent-owned Yuinmery gold project in Western Australia.

Golden Mile Resources completed a total of 5 RC drillholes for 1085m, which it claims to have confirmed that the Yuinmery setting is a structurally complex area comprising of basalt, dolerite and ultramafic with associated moderate to strong hydrothermal alteration, quartz – carbonate veining, quartz stringers and stockwork veining.

Golden Mile’s stated plan for Yuinmery is to conduct a consolidated work program to progress numerous targets it had identified via previous aircore drilling, aeromagnetic data and an internal Yuinmery review conducted in May 2023.

The program has been designed to drill high priority targets supported by gold mineralisation from previous drilling and strong soil anomalies.

The program will also refine targets through higher density soil sampling program.

“The completion of the initial drill program marks a significant milestone for Yuinmery and will provide important insights into the structural setting,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“We will now progress into the soil sampling program which will enable further targets to be refined for this project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Forrestania Resources Extends Lithium mineralisation at South Iron Cap East

/in , /by

THE DRILL SERGEANT: Forrestania Resources (ASX: FRS) reported receipt of assay results from a follow-up reverse circulation (RC) drilling program at South Iron Cap East within the company’s Forrestania lithium project in Western Australia.

Forrestania Resources completed follow-up drilling at South Iron Cap East it claims to have intersected spodumene-bearing pegmatite in multiple drill holes.

Peak lithium assays from the recent drilling hit up to 0.95 per cent lithium oxide (Li2O), which the company declared to demonstrate the potential to host ore grade mineralisation.

“Our work in and around South Iron Cap East continues to deliver results which highlight the potential for discovery of a significant mineralised system,” Forrestania Resources managing director Michael Anderson said in the company’s ASX announcement.

“We know the region is host to multiple, stacked pegmatites (including at the world-class Mount Holland Lithium Mine) and we are now consistently finding spodumene and highly anomalous lithium-grades.

“We remain convinced of the prospectivity across the Forrestania project and believe that a continuation of our systematic approach will ultimately unlock the potential value for our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE