Rox receives encouraging drill results

THE DRILL SERGEANT: Rox Resources has received results from RC drilling conducted on its Marqua phosphate project located close to the Queensland-Northern Territory border 300 kilometres south-west of Mount Isa.

The company completed a 29 hole, 1,900 metre RC drilling program in December 2011, which was designed to:

–    Confirm high grade areas at Coquina Creek;

–    Test new prospect areas such as Mauritania; and

–    Drill around the periphery of previously known mineralisation to test the strike extent.

Marqua project location. Source: Company announcement

High grades intersected at Marqua Phosphate project, include:

 –    3 metres at 29.8 per cent phosphate from 45 metres;

–    4m at 28.6 per cent phosphate from 13m;

–    3m at 22.6 per cent phosphate from 25m; and

–    1m at 21.8 per cent phosphate from 15m.

“These results confirm our initial confidence in the geological modelling at Marqua and provide a strong focus for future exploration and testwork,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“We have a high level of confidence that further high grade phosphate results can be generated by additional drilling.

“Currently a phosphate bearing horizon extending over 30 kilometres in strike length and dipping to the north has been drill tested at nominally one kilometre spacing, with closer spaced drilling in areas of outcrop, or higher grades.

“This extensive mineralised system has not been tested at depth, with the deepest drill only reaching 100 metres in depth, and most testing to only 50 metres.

“Potential exists for a substantial phosphate resource to be defined at Marqua with further drilling, especially down dip to the north from known areas of high grade phosphate mineralisation.”

IMX makes magnetite discovery at Tomahawk

THE DRILL SERGEANT: Perth-based iron ore producer, IMX Resources has claimed the discovery of magnetite at its Tomahawk iron ore prospect, located 25 kilometres southeast of the Cairn Hill magnetite-copper mine in South Australia.

IMX completed a program of six RC drill holes completed at Tomahawk in late 2011 with all holes returning magnetite iron intersections.

 

Tomahawk drillhole and section location on magnetics. Source: Company announcement

 

“The Tomahawk discovery confirms our strategy of developing regional iron projects that can utilise existing mining and transport infrastructure associated with the Cairn Hill mine,” IMX Resources managing director Neil Meadows said in the company’s announcement to the Australian Securities Exchange.

“In Snaefell, and now Tomahawk, we have two regional magnetite iron projects with the potential to significantly enhance the long-term economics of IMX’s mining operations.”

IMX has previously said it considers the Tomahawk iron ore target to be the strongest magnetic anomaly in the area south of Cairn Hill.

Tomahawk has a strike length of approximately 3.4km. IMX has conducted drilling on the easternmost 500m of the anomaly, which indicated the mineralisation to be open along strike and at depth.

The company said it is now planning for further exploration and metallurgical testwork on the prospect.

Ventnor hits best copper at Thaduna

THE DRILL SERGEANT: Australian base metals company Ventnor Resources has released copper mineralisation assays, resulting from a Phase 3 drilling program undertaken on the Thaduna prospect at the company’s Thaduna and Green Dragon copper project.

The Thaduna and Green Dragon Copper Project is located 170 kilometres north of Meekatharra, Western Australia, in the Doolgunna district, and 40 kilometres east of Sandfire Resource’s, Degrussa project.

 

Thaduna location plan. Source: Company announcement

 

Best results from the drilling included:

–    37 metres at 2.61 per cent copper from 111 metres, including 10 metres at 7.53 per cent copper from 134 metres downhole; and

–    62m at 2.19 per cent copper from 125m, including 32m at 3.10 per cent copper from 127m downhole and ended in mineralisation of 3.70 per cent copper at End Of Hole, which is to be extended by diamond drilling.

The Phase 3 drilling program followed up promising results Ventnor had received from previous campaigns.

The program commenced in October 2011 and was completed December 2011, initially to determine a copper Resource at both copper prospects.

The Phase 3 drilling comprised 134 RC drillholes for 17,910m at both prospects and two diamond drillholes for 320m to extend RC drillholes at Thaduna.

“The last phase of RC and diamond drilling has discovered the primary mineralisation at Thaduna,” Ventnor Resources Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“Deeper holes have increased our understanding of the geology and dimensions of the deposit.

“These results also contribute significantly to the grade and extent of the mineralisation and increase the potential contained copper inventory.”
 
The company said it has commenced a Phase 4 drill program which will comprise approximately 9,000m of predominantly deeper diamond core drilling down dip and along strike at both prospects with some RC infill drilling above 200m vertical.

Bannerman identifies possible Etango extension

THE DRILL SERGEANT: Perth-based Bannerman Resources has released drilling results from a recently completed RC drilling program carried out on the Onkelo area of the company’s Etango uranium project in Namibia.

The results have identified the discovery of mine-grade mineralisation at the Onkelo West prospect, which is situated adjacent to the planned Etango open pit.

 

Section A-B showing the new drilling, the interpreted extension to
the Etango deposit and the staged open pit outlines. Source: Company
announcement

 

Bannerman holds an 80 per cent interest in the Etango uranium project, located southwest of Rössing uranium mine of Rio Tinto and to the west of the Langer-Heinrich mine of Paladin Energy.

According to Bannerman Etango is one of the world’s largest undeveloped uranium deposits.

The company is currently focused on a feasibility assessment on the project that is due for completion in March 2012 and development of a large open pit uranium operation at Etango.

Broad uranium intercepts returned from the recent drilling program include:

–    58 metres at 105 parts per million uranium from 38 metres;
 
–    24m at171ppm uranium from 79m;

–    14m at 194ppm uranium from 212m;

–    3m at 426ppm uranium from 88m;

–    16m at 144ppm uranium from 65m; and

–    11m at 156ppm uranium from 58m.

Bannerman said all holes carried out during the latest campaign returned encouraging assay results.

The company said the results suggest the possibility exists to expanding the known Mineral Resource estimate and the designed pit boundary to the west.

It also considers the results display potential for this newly identified mineralisation to also extend to the south along the western flank of the known Etango deposit.

The company’s confidence in this idea is supported by results of a recent spectrometer survey, which extend southwards to the Oshiveli area of the Etango deposit.

Bannerman is now planning a drilling program to further test the possible western extensions of the Etango deposit.

“These are important and exciting drilling results,” Bannerman Resources chief executive officer Len Jubber said in the company’s announcement to the Australian Securities Exchange.

“They show significant potential to further grow the Etango uranium deposit.

“As the company’s drilling programs have primarily been focused on delineating resources to support the Definitive Feasibility Study, due for completion at the end of March 2012, it is now time for the team to expand the regional approach to exploration.

“This approach will initially focus on identifying areas to extend the known deposit with the objective of increasing the mine life to well in excess of 20 years.”

Northern Star hits potential Paulsens replica

THE DRILL SERGEANT: Northern Star Resources has received results from drilling conducted alongside its Paulsens gold deposit in Western Australia, which it says provide strong evidence of the potential to replicate its richness.

The company has taken delivery of assays of up to 14 grams per tonne from a drilling campaign undertaken on the recently discovered quartz lode which lies adjacent to the known Paulsens mineralisation.

According to the company these quartz veins are located within an offset position similar to Paulsens mineralisation but outside the main gabbro rock unit which it explained has historically been seen as a ‘fence’ either side of Paulsens, acting as a natural perimeter on the extent of the mineralisation.

 

Plan view of interpretation of quartz lodes and gabbro offset position. Source: Company announcement

 

Significant results from the latest round of drilling include:

–    0.4 metres at 13.9 grams per tonne gold; and

–    0.6m at11.6 g/t gold.

The discovery of quartz on the southern side of the gabbro ‘fence’ came as a bit of surprise to Northern Star as the drilling was aimed only at gaining further knowledge of the structural geology on the other side of the gabbro rather than ascertaining whether it was mineralised.

“These latest results are highly encouraging because not only do they support Northern Star’s theory that there is more quartz on the other side of the Paulsens southern gabbro, but they show the quartz is mineralised,” Northern Star Resources managing director Bill Beament said in the company’s announcement to the Australian Securities Exchange.

“These results point to the potential to replicate Paulsens. And given that we have now identified two additional zones of quartz, each separated by gabbro and there is the prospect of finding more such zones, we consider them to be a potential game-changer at Paulsens.

“But at the same time, it is important to note that just a few holes have been drilled and assayed and therefore there is much work to do before we will know the true significance of what we have.”

Emmerson strikes high-grade Goanna copper

THE DRILL SERGEANT: Drilling carried out by Emmerson Resources towards the end of last year at its 100 per cent-owned Goanna project at Tennant Creek has returned further high-grade copper results.

According to Emmerson the drill hole intersected a continuous, thick zone of high-grade copper and localised gold.

 

Goanna cross section and recent intersections. Source: Company announcement

 

The company said the result has encouraged it to consider the emerging Goanna and Monitor discoveries combined with the updated resource calculation from the nearby Gecko Mine, continue to form the basis for it to grow a high-grade resource base for recommencement of production from the 100 per cent-owned owned Emmerson mill.

High-grade copper from the drilling at the Goanna project intersected:

–    36 metres at 3.38 per cent copper from 336 metres; including

–    18m at 5.74 per cent or 9m at 8.12 per cent copper from 339m; and

–    3m at 11.5 per cent copper from 342m.

“These latest assays from drilling last year continue to demonstrate the potential size, high grade nature and extent of this discovery Emmerson resources managing director Rob Bills said in the company’s announcement to the Australian Securities Exchange.

“The latest hole is a significant step out from the previous holes and gives us every reason to believe that the mineralisation will continue to grow.

“The mineralisation at both discoveries remains open in all directions and will be the subject of an aggressive drilling campaign starting in February, much earlier than in previous years.

“In addition to continued copper discoveries, the first phase of this early drilling campaign will focus on testing for further bonanza gold beneath the copper mineralisation.

“We have now demonstrated high grade gold beneath the copper at both Monitor and Goanna, and given that bismuth is a pathfinder element to the gold and that this latest copper intersection contained continuous elevated bismuth grades, we remain optimistic of further gold discoveries in the vicinity.”

Emmerson claimed this new “shear zone” style of mineralisation it is finding at both Goanna and Monitor to be much different to the ore bodies previously mined in Tennant Creek.

The company said this is providing strong encouragement for the discovery of a whole new generation of deposits within its Tennant Creek project.

Rex highlights Hillside extension potential

THE DRILL SERGEANT: Assay results from infill drilling and new extensions at Rex Minerals’ 100 per cent-owned Hillside copper project on the Yorke Peninsula in South Australia have highlighted potential for shallow extensions to the Hillside Mineral Resource.

Rex Minerals said encouraging results were beginning to emerge from areas it had previously modelled as being outside of the Hillside conceptual open pit design.

 

Hillside magnetic image showing recent drill holes. Source: Company announcement

 

One particular area that has come to the company’s attention is the Dart structure, which Rex said continues to show higher than expected grades from the shallow southern part of the orebody.

The Dart structure extends for over 1.5 kilometres and is situated approximately 50 metres to the west of, and parallel to, the Zanoni structure.

Recent drilling results from the southern section of the Dart structure lie outside of the conceptual open pit.

Rex said it will be reviewing the recent high-grade Dart intercepts as part of a pre‐feasibility study, with the ultimate aim of optimising the production schedule with regards to the higher grade shallow resources.

Highlights from the recent drilling program at Hillside include:

Dart

–    22 metres at 1.3 per cent copper and 0.2 grams per tonne gold from 44 metres; and

–    32m at 1.2 per cent copper and 0.1g/t gold from 99m.

Parsee

–    29m at 1.4 per cent copper and 0.9g/t gold.

Songvaar

–    48m at 1.0 per cent copper and 0.1g/t gold from 75m;

–    40m at 1.0 per cent copper and 0.4g/t gold from 38m; and

–    12m at 1.8 per cent copper from 101m.

Leprena

–    18m at 1.4 per cent copper and 0.1g/t gold; and

–    18m at 1.0 per cent copper and 0.3g/t gold from 78m.

“The continued growth of Dart and other parts of the Hillside orebody are a fantastic result,” Rex Minerals managing director Steven Olsen said in the company’s announcement to the Australian Securities Exchange.

“If these results continue, as we expect, Rex is confident of significant additions to the Hillside mineable inventory during the Pre‐feasibility Study.”

Segue ready to make next move

THE DRILL SERGEANT: Segue Resources has received results from a recent drilling program carried out at the company’s Emang manganese project in South Africa.

A previous drilling campaign focussed on areas of outcropping manganese mineralisation, which was intersected in 80 per cent of all drill holes, with most intersections starting less than 15 metres below surface.

The initial drilling identified four areas of manganese mineralisation.

Three in the northern portion of the company’s Prospecting Right comprising the Northern, Central and Southern Areas, and one in the Hills Area, which is situated approximately 500 metres further south.

 


Reverse Circulation drill collar locations and manganese intersections. Source: Company announcement

Segue has received assay results from all 66 RC drill holes, with some of the better intersections including:

Northern Area

–    11.0 metres at 22.3 per cent manganese from 25.0 metres, including 2.0 metres at 30.3 per cent manganese from 25.0 metres.

Central Area

–    6.0m at 23.4 per cent manganese from 24.0m, including 3.0m at 32.0 per cent manganese from 27.0m.

Southern Area

–    16.0m at 25.9 per cent manganese from 32.0m, including 5.0m at 34.1 per cent manganese from 43.0m.

Hills Area

 

–    13.0m at 26.3 per cent manganese from 48.0m, including 2.0m at 39.3 per cent manganese from 49.5m.

Segue also completed nine diamond drill holes to provide additional and more accurate assay information, which it also intends using in preliminary mining studies and metallurgical testwork.

Some of the better assay results from the diamond holes are:

Central Area

–    5.7m at 26.1 per cent manganese from 17.4m, including 2.4m at 34.3 per cent manganese from 18.7m.

Southern Area

–    0.6m at 29.8 per cent manganese from 54.9m and 6.1m at 33.1 per cent manganese from 56.6m.

Hills Area

–    3.1m at 34.3 per cent manganese from 87.0m and 1.4m at 30.2 per cent manganese from 101.6m.
 
“The assay results continue to highlight the potential of the Emang manganese project to contain a large scale, high quality manganese resource which is close to surface,” Segue Resources managing director Steven Michael said in the company’s announcement to the Australian Securities Exchange.

“The consistency of assays exceeding 20 per cent manganese, and as high as 46.4 per cent manganese, is extremely encouraging and will contribute to the estimation of a JORC-compliant maiden resource, due to be released by the end of January 2012.”

AMMG kicks off Southdown drilling

THE DRILL SERGEANT: Australia Minerals and Mining Group (AMMG) has commenced its first round of drilling at the company’s 80 per cent-owned Southdown Extension iron ore project, located in south-Western Australia.

AMMG acquired the 80 per cent interest in the West Southdown project, situated approximately 80 kilometres from the town and port of Albany, from Minemakers in October last year and subsequently renamed the project to the Southdown Extension project.

AMMG holds a 100 per cent interest in a further five granted tenements, which brings the company’s total Southdown Extension project area coverage to approximately 105 square kilometres.

The project is a 22-block exploration licence that lies along strike from Grange Resources’ Southdown magnetite project.

 

The Southdown Extension project lies along strike from Grange Resources’
Southdown magnetite project. Source: Company announcement

 

The planned drilling will consist of approximately 600 metres of RC drilling, completing up to four holes at an average of 150m each.

These holes are being carried out in order for AMMG to test magnetic anomalies and further define the magnetite mineralisation at the project.

“A series of follow-up diamond drilling ‘tails’ may be required to extend the known depth of the expected mineralisation,” AMMG said in its ASX announcement.

“The company will announce further drilling updates as the stage 1 drilling program progresses.”

When Minemakers initially acquired the West Southdown tenement, it targeted the western extension of Grange Resources’ Southdown magnetite deposit.

The tenement was granted to Minemakers in 2005, and in 2007 it announced strong intersections of magnetite mineralisation from a diamond drill-hole program, which focused on three targets over 8.5km strike length.

Results from this historic drilling included:

–    12 metres at 40.65 per cent magnetite, containing 65.5 per cent iron;

–    6m at 36.0 per cent magnetite, containing 64.8 per cent iron; and

–    9m at 41.0 per cent magnetite, containing 69.0 per cent iron.

Discovery finds latest results encouraging

THE DRILL SERGEANT: Discovery Metals has been encouraged by recent drilling results obtained from the first five diamond drill holes of a 12 hole program currently underway at the company’s Zeta North East prospect.

The targeted prospect is situated within the company’s 100 per cent-owned Prospecting Licences in the Kalahari Copperbelt in north west Botswana.

 

Source: Company announcement

 

Discovery said the drilling had confirmed higher grade copper-silver mineralisation at the Zeta North East prospect, identifying a mineralised strike length exceeding 3 kilometres that remains open at depth.

Recent diamond drilling intercepts include:

–    6.9 metres at 2.8 per cent copper and 5 grams per tonne silver;

–    7.6m at 1.4 per cent copper and 27g/t silver;

–    3.3m at 1.8 per cent copper and 22g/t silver; and

–    5.9m at 1.9 per cent copper and 42g/t silver.

Discovery said it has further resource delineation drilling scheduled to commence in January 2012.

The company intends using the results from this campaign to provide sufficient data for the estimation of an Inferred Mineral Resource in the September quarter of 2012.

“These new high grade copper-silver assays successfully add to the initial drilling results from the follow up 12 hole program at Zeta North East and further highlight the potential for this prospect to develop into a Mineral Resource and contribute to a larger and longer life Boseto Copper project,” Discovery Metals managing director Brad Sampson said in the company’s announcement to the Australian Securities Exchange.

“Delineation of a higher grade deposit at Zeta North East has potential to not only enhance project cash flows in the early years, but also boost copper and silver production and reduce forecast cash production costs.”

 The Zeta North East Prospect is located in the Boseto Zone and is situated approximately 11 kilometres from the Boseto copper project concentrator.

The Boseto copper project is currently under construction and is scheduled to commence production in the first half of 2012.

Planned production is approximately 36,000 tonnes of copper and more than one million ounces of silver per annum over an initial evaluated mine life of 15 years.