Aruma Resources Claims Base Metals and REE Discovery at Saltwater Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) claimed discovery of rare earth elements (REE) and cobalt-copper enriched rocks at the company’s Saltwater project in the Pilbara region of Western Australia.

Aruma reported the discovery based on results from its first phase of surface sampling at Saltwater, which the company said had reaffirmed the project’s potential to host unconformity heavy rare earths (HREEs), while highlighting potential for Saltwater to host base metals deposits.

Results include:

AR12232
1158ppm total rare earth oxide (TREO) 25 per cent neodymium/praseodymium (NdPr)/TREO and 21 per cent HREO/TREO;

AR12291
1022ppm TREO 25 per cent NdPr/TREO and 27 per cent HREO/TREO;

AR12298
0.3 per cent cobalt, 0.23 per cent copper, 0.21 per cent zinc and 4 per cent barium; and

AR12299
0.27 per cent cobalt, 0.21 per cent copper, 0.2 per cent zinc and 3.9 per cent barium.

“The sampling program represents our first stage of on-ground REE work at the project, and the results have exceeded expectations, reaffirming our view of Saltwater’s potential for hosting unconformity HREEs,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“These initial results constitute a resounding success for our exploration approach thus far.

“Furthermore, the grades of the surface samples for base metals are exciting and provides an additional exploration focus at the Saltwater project.

“This potential will be further investigated in the company’s ongoing field work at Saltwater.”

The Saltwater Project consists of four granted Exploration Licences (EL52/3818, EL52/3846, EL52/3857 and EL52/3966) over a total area of 450 square kilometres located outside the regional mining centre of Newman.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meteoric Resources Expands Caldeira REE Project

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has entered into a Binding Option Agreement to increase its Ionic Clay REE Rights real estate holdings on licences in the Minas Gerais State of Brazil.

Under the Option Agreement, Meteoric Resources will gain the right to acquire the REE Rights to 18 Licences comprising five Mining Licenses, six Mining Licence Applications, six Exploration Licences and one Exploration Licence Application.

The licences have not been subject to previous exploration for REE and there is no technical data to report.

This has not fazed Meteoric, which said historic drilling of the Figueira Licence, that is adjacent to the main area of the proposed Option, demonstrates strong mineralisation which extends to the Licence boundary.

Meteoric believes it is highly likely REE mineralisation will continue into the new areas.

“This is another exciting potential addition to our Caldeira project in Brazil which will further consolidate our ground position in the southern portion of the Caldera,” Meteoric Resources executive chairman Dr Andrew Tunks said in the company’s ASX announcement.

“Following the release of our recent MRE which now stands at 409 million tonnes at 2,626ppm total rare earth oxide (TREO) at a 1,000ppm cut off, we have sought to further increase our landholding in this highly prospective region.

“The area that is the subject of the Option Agreement is of great importance as it will secure the western boundary of the Figueira Licence, which has an inferred MRE of 50 million tonnes at 2,811ppm TREO.

“Our resource work clearly demonstrates that high-grade mineralisation is present right up to the western boundary of the Figueira Licence and likely continues into key Licences now under Option.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources Set to Commence Drilling Multiple Prospects at Eyre

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THE DRILL SERGEANT: Larvotto Resources (ASX: LRV) is gearing up to commence a Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Eyre Project near Norseman in Western Australia.

Larvotto Resources explained initial drilling will be targeting the project’s Merivale lithium and PGE geochemical and aircore drilling anomalies.

This is to include drilling of the Mt Norcott and Dickie Dyke nickel soil geochemical anomalies, both of which the company has identified as being prospective areas from regional geochemistry and field mapping.

From geochemical soil sampling conducted last year, Larvotto identified several broad lithium anomalies in an area known to contain pegmatite intrusions it interpreted to be similar to those located directly north at Liontown Resources (ASX: LTR) Buldania lithium resource.

Other activities identified robust nickel and copper geochemical anomalies at Mt Norcott associated with norite rocks within the Jimberlana Dyke which is known to host nickel, copper and PGE mineralisation.

An initial five deep RC holes will be drilled to test the area for base metal and PGE mineralisation.

“We have several reasons to be optimistic about what this program could potentially deliver at the Merivale, Mt Norcott and Dickie Dyke prospects,” Larvotto Resources managing director Ron Heeks said in the company’s ASX announcement.

“The Merivale prospect has produced soil geochemical anomalies for both lithium and nickel in adjacent zones from our previous work.

“Initial aircore drilling under the soil cover then defined multiple lithium mineralised pegmatite intrusions and a discrete nickel zone in ultramafic rocks earlier this year.

“Now we know where they are, this round of drilling will test these zones at depth and penetrate the hard pegmatite zones that aircore drilling could not.

“We believe that the nearby strong nickel anomalous zones may also hold potential for PGEs as well as nickel at depth.

“Mt Norcott and Dickie Dyke are both well-defined nickel geochemical highs associated with the Jimberlana Dyke.

“Both also have the potential to be mineralised with PGEs.

“We look forward to the results from this initial RC drill program and updating shareholders as they become available.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Kin Mining Air-Core Results Extend Eastern Corridor

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent air-core (AC) drilling in the Eastern Corridor area of the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining said the assays complement previously reported AC drilling results from the Collymore prospect in 2020 and results from a recently completed extensional AC program.

The company declared the latest results provide further evidence of an extensive, continuously mineralised corridor spanning the entire five kilometres strike extent between the Cardinia Hill, Helens, Rangoon and Collymore prospects.

The latest results include intercepts interpreted to have defined extensions to two parallel mineralised trends north of Rangoon in the Eastern Corridor.

KIN has interpreted results from between Rangoon and Collymore to have confirmed the continuity of the mineralised structures between the Rangoon deposit and the Collymore prospect.

This has been determined from intercepts such as:

CR23AC415
16 metres at 0.57 grams per tonne gold from 56m; and

CR23AC419
6m at 0.81g/t gold from 60m to EOH.

“We are pleased with the consistently strong results generated from the recent air-core drilling program, following on from the initial results released on 1 June between Rangoon and Collymore and further results released on 13 June between Helens East and Cardinia Hill,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest results confirm that a number of newly discovered mineralised positions within the Eastern Corridor have geological continuity of mineralisation, confirming these areas as priority targets for follow-up RC drilling and highlighting extensions to previously intersected quartz pyrite mineralisation.

“These results have very similar characteristics to those seen at all deposits within the Eastern Corridor – where the combination of anomalous soil geochemistry at surface followed by broad-spaced, ore grade AC results in the oxide and regolith zone in the right geological environment has frequently led to the discovery of sizeable gold deposits at depth when tested with RC and diamond drilling.

“Based on these similarities, we’re very much looking forward to testing the emerging additional mineralised positions with deeper drilling.

“The Eastern Corridor – where Kin has focused most of its exploration efforts over the last 18 months – is emerging as a large, multi-faceted mineralised gold camp.

“It already hosts a very significant mineralised position, with Mineral Resources totalling 475,000 ounces at 1.42 grams per tonne defined so far, mainly at the Helens-Rangoon, Helens East and Cardinia Hill deposits, the three most recent discoveries.

“With these latest results suggesting that the two kilometres strike extent between Collymore and Rangoon may be continuously mineralised – opening up the possibility of significant additional targets along this corridor – we believe that the growth potential in this area for more discoveries of similar size and grade is exceptional.”

 

 

 

Caprice Resources Generates New Mukinbudin REE Targets

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) is enjoying exploration results recently achieved at the company’s Mukinbudin Rare Earth Element (REE) project in Western Australia.

Recent results from ongoing soil and rockchip sampling delineated three new targets, with coherent elevated REE results at the Hadrian’s, QC3 and Quarry prospects.

This is in addition to a 1,000 metres long REE soil anomaly already defined at Gadolin.

Caprice explained the Hadrian’s prospect to have similar geological and geographical characteristics to Gadolin, with an outcropping quartz ridge and associated alteration, in close proximity to a porphyritic granite outcrop.

Results for a single sampling traverse have yielded multiple coincident results in excess of +1,000ppm rare earth oxide (REO), with a peak value of 2,428ppm REO.

Follow up sampling has already been completed, with results expected in mid-late July.

The QC3 and the Quarry prospects are also located on key geological features and outcrop, both returning REE grades above background.

Sampling to extend both prospects will be undertaken in coming weeks, as well as further reconnaissance sampling in other areas.

“We are very pleased with the work to date at Mukinbudin,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“Each sampling program we have undertaken has enhanced the prospectivity of the project, with four targets now delineated.

“The next round of sampling will commence in the next few weeks, which should improve our understanding of the Hadrian’s, QC3 and Quarry prospects, ahead of drilling in the current quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

LCL Resources Encounters Further Kusi Gold

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THE DRILL SERGEANT: LCL Resources (ASX: LCL) scored intriguing results from recent drilling undertaken at the Kusi gold/copper skarn target within the company’s Ono project in PNG.

LCL Resources received drill results from KU23DD005, the first step out hole to the north of previous drilling, which it reported to have expanded gold intercepts by 150 metres.

Results include:

KU23DD005
77.9 metres at 1.53 grams per tonne gold from 118.1m, including 56m at 1.97g/t gold from 124m and 12.2m at 5.15g/t gold, 2.5 per cent zinc from 270.3m.

LCL explained KU23DD005 is the first drill hole to report elevated copper within the target unit, with multiple anomalous zones including 13m at 0.14 per cent copper.

All five drill holes of LCL’s maiden Kusi drilling program have now delivered intercepts exceeding a metal factor above 50gram-metres gold.

“A metal factor exceeding 50gm gold from early stage drilling is very exciting and considered a drill result worthy of follow-up drilling,” LCL Resources principal geologist John Dobe said in the company’s ASX announcement.

“That every hole we have drilled exceeds this marker, with some reaching nearly 200gm, is a testament to the compelling nature of this developing discovery.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ardea Resources Takes KNP MRE Over 6Mt Contained Nickel Mark

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) released an updated JORC Code (2012) compliant Mineral Resource Estimate (MRE) for the Goongarrie Hub nickel-cobalt deposits within the company’s 100 per cent-owned Kalgoorlie Nickel Project (KNP) in Western Australia.

Ardea Resources reported the KNP global MRE (using a 0.5% Ni cut-off grade) now stands at 854 million tonnes at 0.71 per cent nickel and 0.045 per cent cobalt for 6.1 million tonnes of contained nickel and 386,000 tonnes of contained cobalt.

Ardea is currently undertaking a Prefeasibility Study (PFS) at the Goongarrie Hub for an open pit mining operation feeding a three million tonnes per annum High Pressure Acid Leach (HPAL) and 0.5 million tonnes per annum Atmospheric Leach (AL) circuit using proven technology to produce Mixed Hydroxide Product (MHP) for the Lithium Ion Battery (LIB) sector.

The company has already completed the technical work streams of the PFS that is now undergoing a final review by the Competent Persons.

Upon finalisation and sign off, expected to be in early July, Ardea anticipates release the PFS by announcement on the ASX.

“The Kalgoorlie Nickel Project Goongarrie Hub Prefeasibility Study technical work streams are completed, with final sign-off shortly by the various contributors,” Ardea Resources managing director and CEO Andrew Penkethman said in the company’s ASX announcement.

“Whilst completing the open pit optimisations of the resource models, it was apparent that additional tonnes of nickel-cobalt bearing Mineralised Neutraliser below the 0.5 per cent nickel reporting grade would be recovered within the mine plan.

“This extra neutralising material contributes additional project value through its magnesite component being used in the leaching circuit for acid neutralisation, to which it adds nickel-cobalt units at nil cost.

“Additionally, the Mineralised Neutraliser Fines component contribute to the nickel-cobalt production as the dominant feed for the Atmospheric Leach circuit.

“This excellent R&D outcome is protected with an international patent application recently lodged.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Encounters More Broad High-Grade Lithium at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has continued its run of high-grade lithium mineralisation hits from the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals reported recent drilling activities encountered broad zones of lithium mineralisation, which the company declared to demonstrate continuity over 1,000 metres of strike extent and from surface to over 350m down-dip.

Mineralisation is open along strike and down-dip where Azure currently has five drill rigs undertaking both extensional and in-fill drilling along the project’s AP0011 / AP0012 / AP0014 pegmatite corridor.

Latest drilling results received include intersections of:

ANDD0214
90.2 metres at 1.23 per cent lithium oxide (Li2O) from 172.1m, including 8.1m at 1.91 per cent Li2O from 172.1m, and 25.8m at 1.53 per cent Li2O from 210.4m, and 7m at 1.58 per cent Li2O from 250.5m; and

ANDD0210
63.7m at 1.15 per cent Li2O from 218.8m, including 34.7m at 1.59 per cent Li2O from 220.2m, which includes 8m at 2.65 per cent Li2O from 220.2m, and 7.8m at 2 per cent Li2O from 235m.

“It’s very pleasing to confirm that as we step out our broad-spaced drilling along strike and down-dip, we’re continuing to intersect substantial widths of high-grade lithium mineralisation,”

“The 50 metres to plus-100 metres mineralised widths confirm that the AP0011 / AP0012 pegmatite corridor, which extends over a strike length of more than two kilometres, has potential to host sizable volumes of lithium mineralisation.

“Our confidence that Andover has the potential to host lithium resources of world-class scale continues to grow, particularly as we consider the abundance of pegmatites within the overall project area that have demonstrated similar high-grade lithium mineralisation at surface that are yet to be drilled.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

TG Metals to Commence Drilling on Lake Johnston Nickel Targets

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THE DRILL SERGEANT: TG Metals (ASX: TG6) is gearing up for drilling programs to be carried out on the company’s Lake Johnston nickel-lithium-gold project in Western Australia.

TG Metals received final Program of Works (PoW) approvals for drilling programs on the Bremer Burmeister nickel laterite and nickel sulphide targets.

The company explained the drilling will entail multiple phases of drilling allowing follow-up infill and extensional drilling based on in-field observations as the drilling is conducted.

Drill samples will be collected from the Bremer Burmeister nickel laterite deposit to assess mineralisation suitability for beneficiation and grade suitability for third party processing.

Aboriginal heritage survey field activities were completed on the Burmeister lithium soil anomaly in preparation for proposed RC drilling programs.

TG Metals has already completed infill and extensional soil sampling over the Burmeister lithium prospect and initial multielement soil sampling over the distal projects of Lake Percy, Pagrus Hill and Wellstead Rock, from which samples are currently in the lab for analysis with results expected in July.

“We are excited to be preparing our first drilling programs on our combined nickel sulphide and laterite oxide targets,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“Whilst it has been a long time coming, we have been able to define compelling nickel and lithium targets that are backed up by geochemistry and geophysics, that we expect to yield tangible results which will flow into the second half of 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Upgrades Apollo Hill Gold Resource

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THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported an updated Mineral Resource Estimate (MRE) for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals released a Measured, Indicated and Inferred Mineral Resource for Apollo Hill of:

105 million tonnes at 0.54 grams per tonne gold for 1,839,000 ounces reported above a cut-off grade of 0.2g/t gold and reported within a constraining pit shell under a low-cost bulk tonnage mining and heap leach processing scenario.

The update represents an addition of 370,000 ounces from the company’s previous Mineral Resource, representing an increase of 25 per cent in ounces.

“This Mineral Resource upgrade is the fifth in as many years for the company at its flagship Apollo Hill asset,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We have made a significant step forward by fully embracing a conventional bulk mining and heap leach processing trajectory.

“The results of our 2023 metallurgical test program have demonstrated the ability to achieve higher gold recoveries across the deposits full grade range under an improved heap leach processing scenario.

“Our ongoing mining and engineering studies have leveraged off the deposit’s economies of scale and consistency to be able to consider efficient bulk tonnage mining and scheduling practices.

“This Mineral Resource is published within a single, simple, large ‘Whittle’ pit shell with a significantly improved stripping ratio.

“Consistent improvements in the quality of the resource, its overall size, and to the Mineral Resource classifications, through efficient drilling continue to bode well for the advancement of our business.

“Importantly, with the many inherent strengths as noted above, the Apollo Hill deposit has surpassed a critical juncture for development and we look forward to publishing our Preliminary Economic Assessment in the near future.

“As our geological understanding of the deposit continues to grow so does its potential for growth.

“The system is open along strike and drilling continues at the deposit, camp, and district scales with two rigs on site testing for additional mineralisation.

“As the company moves towards a Pre-feasibility study, the next stage of metallurgical test work has commenced to search for additional processing and recovery refinements.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE