Meteoric Resources Extends High-Grade Caldeira REE Mineralisation

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) reported diamond drilling results from the company’s Caldeira rare earth elements (REE) project in Brazil.

Meteoric Resources said recent diamond drilling at the project and demonstrated clay zone and high-grade REE mineralisation extends much deeper than previously encountered.

Mineralised trends identified include to 36 metres at the Capão do Mel prospect and 56 metres at the Figueir prospect.

Meteoric recently published a maiden Mineral Resource Estimate (MRE) for the Caldeira project of 409 million tonnes at 2,626 total rare earth oxide (TREO) at a 1,000ppm cut off.

The company believes the new diamond drilling, which extended the Figueira and Capão do Mel mineralisation, has positive implications for any future resource estimate should the trend continue.

“The new assays clearly show there is significant extensions at depth at all prospects and indeed this is particularly clear at Capão do Mel, where the diamond drilling has extended the mineralisation to a depth of thirty-six (36) metres and at Figueira where we see REE mineralised zones down to sixty-seven (67) metres,” Meteoric Resources executive chairman Dr Andrew Tunks said in the company’s ASX announcement.

“In fact, the diamond drilling at all six resource areas has extended the maximum depths of mineralisation significantly.

“The Caldeira project is clearly significantly higher grade than any other IONIC clay REE yet documented.

“The coming months will see an exciting time for the company with considerable activity following on from these diamond results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Golden Mile Resources to Commence Drilling at Quicksilver

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) is primed and ready to commence exploration RC drilling at the company’s Quicksilver nickel-cobalt project on the outskirts of Perth in Western Australia.

Golden Mile Resources has a field crew mobilised and a drill rig scheduled to arrive soon to undertake the Quicksilver primary drilling program that is to consist of nine RC holes to test the potential of disseminated nickel sulphides within the primary zone beneath the existing nickel-cobalt oxide Resource of 26.3 million tonnes at 0.64 per cent nickel, 0.043 per cent cobalt for 168,500 tonnes contained nickel and 11,300 tonnes contained cobalt.

The company anticipates the drilling may also provide further insight into the source of the Rare Earth Element (REE) mineralisation previously encountered in the oxide which remains unexplained.

“It’s exciting to commence this campaign on the back of the previous excellent drill results and test the primary potential underneath the oxide,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“The possibility of disseminated nickel sulphides could increase the longevity of Quicksilver and provide significant scaling opportunities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Horizon Minerals Estimates Resources for Monument and Golden Ridge North

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported the first Mineral Resource Estimates (MRE) for the company’s Monument and Golden Ridge North prospects near Kalgoorlie in Western Australia.

The Monument gold prospect is part of Horizon’s Cannon project group and is located less than 1km from the proposed Cannon underground project, 30km to the southeast of Kalgoorlie.

The Golden Ridge North prospect is immediately adjacent to the historic Golden Ridge open pit mine, 20km to the southeast of Kalgoorlie.

The JORC compliant resources estimated by Horizon for both deposits are as follows:

Monument – 395,000 tonnes at 1.97 grams per tonne gold for 25,000 ounces at a 0.8g/t gold cut-off grade; and

Golden Ridge North – 1.42 million tonnes at 1.23g/t gold for 57,000 ounces at a 0.8g/t gold cut-off grade.

Horizon noted that the addition of these new resources, and reduction due to the completion of the Gunga West divestment, the company’s total Mineral Resource estimate now stands at 23.22 million tonnes at 1.69g/t gold for approx. 1.3 million ounces.

“These projects provide Horizon with additional potential for satellite ore sources to complement the underground production at the Cannon gold project due to their proximity, enabling synergies with shared infrastructure and personnel,” Horizon Minerals CEO Grant Haywood said in the company’s ASX announcement.

“We shall immediately commence the study work to bring these maiden resources into an Ore Reserve and progress approvals in parallel, as we build our production profile to reach our ultimate goal of becoming an emerging mid-tier gold business for the benefit of all stakeholders.”

Horizon has drilling underway at Monument focussing on the shallower mineralisation aiming to upgrade this portion of the resource to an Indicated category.

At the Golden Ridge North deposit, a scoping study has been initiated to examine open pit mining opportunities in conjunction with Monument.

 

OzAurum Resources Reports Initial Mulgabbie North Mineral Resource Estimate

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THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) released the initial combined Mineral Resource Estimate (MRE) for the company’s Mulgabbie North gold project outside Kalgoorlie in Western Australia.

OzAurum Resources reported the Measured, Indicated and Inferred MRE of 11.6 million tonnes at 0.7 grams per tonne gold for 260,000 ounces at 0.3g/t gold cut-off.

The company highlighted 64 per cent of the MRE consists of measured and indicated ounces, which it considers to be a solid basis for the foundation of a Mulgabbie North heap leach scoping study.

“OzAurum has made excellent progress at the Mulgabbie North project achieving this significant milestone for the company within the short period of just two years since listing,” OzAurum CEO and managing director Andrew Pumphrey said in the company’s ASX announcement.

“The high standard of work that has been undertaken and maintained on all the various aspects and levels of activities that have been used to estimate this initial MRE gives us great confidence to move forward with this project.”

The Mulgabbie North MRE consists of five prospect areas all situated along the Relief Shear: James, Ben, Alicia, Demag Zone and Paleochannel.

The company considers there to be MRE expansion potential through future drilling that has potential to connect gold mineralisation between the James, Ben, Demag and Alicia prospects.

Recent re interpretation and relogging of AC drill chips undertaken by OzAurum has confirmed the Mulgabbie North paleochannel extends for over 3.8km and this will be targeted with future drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

ABx Group Increases REE Resource and Claims New Discovery

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THE DRILL SERGEANT: ABx Group (ASX: ABX) has increased the rare earth elements (REE) Resource at the company’s ionic adsorption clay rare earth project in northern Tasmania.

Abx Group announced a 30 per cent increase to the Northern Tasmanian-based Deep Leads and Rubble Mound ionic adsorption clay (IAC) REE Mineral Resource Estimate to 27 million tonnes.

The increase came on the back of assays from 36 drill holes, which the company claimed to have discovered new deposits, increasing the potential for mineralisation to extend over 16 kilometres to the earlier Wind Break discovery.

Of the 36 holes drilled, 69 per cent returned resource grade assays, which Abx noted to be above average for such wide spaced scout drilling in new areas.

“Our northernmost discovery hole, RM302, located five kiolmetres NE of Deep Leads could become our best prospect because it is 11 metres thick and enriched in permanent magnet rare earths, especially dysprosium (Dy) and terbium (Tb),” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“These are highly valuable rare earths and almost exclusively produced from IAC deposits.

“Hole RM302 also indicates that this IAC rare earth mineralisation could extend 16 kilometres to the Wind Break discovery in our new exploration licence application.

“In addition, it is important to note that the cost of extracting rare earths from IAC deposits is highly dependent on the desorption process conditions.

“‘Standard’ desorption conditions include 30 minutes at pH 4 (same acidity as apple juice).

“The ABx deposits have the highest reported extractions under these conditions for any IAC rare earth resource in Australia.

“For other deposits requiring more acidic conditions, the production cost is likely to be substantially higher.

“Not all clays are created equal and very few clay-hosted REE deposits globally are amenable to low-cost benign production methods.”

Abx said its recent exploration activity has increased the target area from 35 square kilometres at Deep Leads-Rubble Mound to over 100sqkm, which also covers the Wind Break discovery.

Subject to a new exploration licence application being granted, ABx indicated it will commence ground exploration of the area, which is anticipated to lead to exploration drilling programs.

ABx is being more selective and targeted in the types of deposits that it will test by drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Green Technology Metals Continues to Raise Confidence in Root Bay Lithium Deposit

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) REPORTED lithium assay results from the Root Bay deposit at the company’s 100 per cent-owned Root project in Ontario, Canada.

The Root project is located approximately close to GT1’s Seymour project and comprises several pegmatite deposits with varying degrees of exploration development and hosts a maiden Inferred Mineral Resource estimate of 12.6 million tonnes at 1.21 per cent lithium oxide (Li2O) from its advanced prospect areas McCombe and Root Bay.

Green technology Metals received assay results from Root Bay it claims to continue to demonstrate the consistency of high-grade mineralisation across the Root Bay deposit, including:

RB-23-1013
17.1 metres at 1.77 per cent Li2O from 71m;

RB-23-1014
17.2m at 1.74 per cent Li20 from 57.2m; and

RB-23-1009
19.6m at 1.50 per cent Li20 from 26.9m.

The company signalled drill testing is planned for the Eastern and Western strike, including its New spodumene discovery 1.4 kilometres along strike and west of the Root Bay deposit, which has extended the mineralised trend to over 2.7km.

To date, 45 holes for 7,668m have been completed from the planned 22,000m program with assays pending for 36 holes.

“We maintain a strong focus on advancing exploration efforts at the Root project, in addition to having multiple field teams engaged in prospecting activities, we currently have two drill rigs operating non-stop at Root Bay with the preliminary results continuing to instil confidence in our resource and validate the ongoing presence of consistent high-grade intercepts within the deposit,” Green Technology Metals CEO Luke Cox said in the company’s ASX announcement.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad Lithium Intersections at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) announced encounters with two further broad intersections of lithium mineralisation at the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals told the market recent drilling has confirmed broad mineralised zones extend for more than 1,200 metres along strike and down-dip from surface to vertical depths over 350m.

Mineralisation remains open along strike and at depth with the company continuing drilling activities to test along the northeastern and southwestern extensions of previously identified pegmatites.

Broad zones of lithium mineralisation were intersected in AP0011 pegmatite, including:

ANDD0223
101.3 metres at 1.21 per cent lithium oxide (Li2O) from 264.7m in (approx.95.5m True Width), including 64.1m at 1.63 per cent Li2O from 284.8m (approx.60.4m True Width); and

ANDD0221
100.2m at 1.24 per cent Li2O from 101.5m in (approx.92m True Width), including 28m at 1.86 per cent Li2O from 126.9m (approx.26m True Width), and 31.7m at 1.44 per cent Li2O from 170m (approx.29m True Width)

Another hole drilled near-surface mineralisation in the AP0012 pegmatite, returning:

ANDD0220
39.5m at 1.06 per cent Li2O from 2m (approx.33.6m True Width), including 9.9m at 1.7 per cent Li2O from 22m (approx.8.4m True Width)

Additional mineralised intersections included:

ANDD0224
13.6m at 1.12 per cent Li2O from 153.7m and 41.2m at 0.9 per cent Li2O from 177.4m; and

ANDD0225
32m at 1.5 per cent Li2O from 150.7m in, including 10.6m at 2.34 per cent Li2O from 160.2m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Corazon Mining Encounters Sulphide Zone in Lynn Lake Drilling

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) reported on recent drilling efforts at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining said drilling at the Fraser Lake Complex (FLC) within the project intersected a substantial sulphide body.

Corazon completed a two-hole drilling program at the FLC, located approximately five kilometres south of the historical Lynn Lake Mining Centre to test a geophysical anomaly defined by geophysical surveys completed earlier this year.

The initial drill hole (FLC-2023-057) into anomaly MTC3 intersected 55.4 metres of complex sulphide mineralisation, including metre scale intervals of massive sulphide, intermixed with semi-massive to disseminated style sulphide mineralisation.

Target MTC3 is a conductive geophysical anomaly Corazon defined via a 3D ground magnetotelluric (MT) survey.

A second drill hole (FLC-2023-58) tested the target near surface intersecting sulphide mineralisation between 22.4 and 26m down hole, with characteristics very similar to the mineralisation encountered within the core of the anomaly tested by hole FLC-2023-057.

“The most significant outcome from this drilling is proving that our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich ultramafic pipes,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“This drilling is the first in testing several similar geophysical anomalies, some of which link into areas of known nickel mineralisation.

“Although we have not previously seen barren magmatic sulphides associated with these rocks, the fine-grained nature of the sulphide mineralisation is atypical of the coarse grained Lynn Lake sulphide bodies, and as such we advise caution in assuming the tenor of nickel within the Sulphide Zone.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Charger Metals Confirms Spodumene Discovery at Bynoe

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported assay results from recent reverse-circulation (RC) drilling at the Enterprise prospect within the company’s Bynoe lithium project in the Northern Territory.

Charger Metals said the drilling had confirmed lithium mineralisation in spodumene-bearing pegmatites with results including:

CBYRC023
7 metres at 0.96 per cent lithium oxide (Li2O) from 107m, including 5m at 1.13 per cent Li2O from 108m; and

CBYRC024
16m at 0.65 per cent Li2O from 185m, including 1m at 1.91 per cent Li2O from 198m.

Charger Metals explained the two holes were drilled to test below a weathered pegmatite outcrop located near the centre of a lithium soil anomaly that defines the Enterprise prospect, which is located approximately 900m along strike from Core Lithium’s (ASX: CXO) Blackbeard prospect.

“It is great to see the assay results confirm the spodumene discovery at the Enterprise prospect, approximately 900 metres along strike from Core Lithium’s Blackbeard prospect, with significant lithium mineralisation correlating with logged intersections of spodumene-bearing pegmatites in the RC drilling,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“We look forward to testing the extents of this mineralisation with both RC and diamond drilling, with the first diamond hole at Enterprise (CBYD001) intersecting another 19.25 metres thick zone of spodumene-bearing pegmatite.

“In addition to the diamond drilling, two RC drill rigs will arrive on-site this week to commence a planned 5,000 metres drill program to test both new and existing lithium targets at Bynoe, including the high-priority 7Up prospect.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

QEM Limited Drilling at Julia Creek

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THE DRILL SERGEANT: QEM Limited (ASX: QEM) has kicked off its 2023 drilling campaign at the company’s Julia Creek vanadium project in Queensland.

QEM will be targeting 12 locations across its tenement package with a target depth of up to 80 metres implementing a multipurpose drilling campaign that will focus on resource exploration, groundwater bore installation, geotechnical analysis and waste characterisation.

The company indicated the campaign will consist of 12 exploration holes, two of which will be converted to groundwater monitoring bores, and four of which will be used for geotechnical analysis.

Overburden and core samples from a range of these holes will also be collected to commence waste characterisation analysis, as well as provide fresh core for further pilot plant testing and metallurgical test work.

“Previous drilling has given the company a sound knowledge of the project’s vast resource potential and the 2023 drilling campaign will represent a crucial step forward,” QEM managing director Gavin Loyden said in the company’s ASX announcement.

“The 2023 campaign is expected to build on that knowledge and identify further significant value to the project for our shareholders.”

 

TO READ THE FULL ANNOUNCEMENT ON THE COMPANY WEB PAGE: CLICK HERE