ACDC Metals Hits High-Grade Heavy Mineral Sands at Goschen Central Project

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THE DRILL SERGEANT: ACDC Metals (ASX: ADC) released the first drilling results achieved from Phase 1 aircore drilling at the company’s Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria.

ACDC Metals received assays received from the initial 75 drill holes at the Goschen Central project that produced high-grade intervals of greater than 10 per cent total heavy minerals (THM) with 29 per cent of all holes returning intervals greater than 5 per cent THM at 1% cut-off.

Drilling has extended mineralisation over a strike length of more than 10 kilometres.

Intercepts include:

22GC0017
4 metres at 10.91 per cent THM from 33m within 14m at 4.48 per cent THM from 26m;

23AC043
4.5m at 10.37 per cent THM from 31.5m within 12m at 5.52 per cent THM from 24m;

23AC044
4.5m at 8.47 per cent THM from 25.5m within 15m at 4.72 per cent THM from 19.5m; and

23AC047
6m at 8.44 per cent THM from 28.5m within 19.5m at 3.02 per cent THM from 19.5m.

ACDC has already completed a second phase of grid based aircore drilling guided by field logging of phase one drill samples.

The company explained the phase two drilling targeted a zone interpreted to be a prospective higher-grade part of the Goschen Central project.

The results from the Phase 2 drilling are currently being assayed.

Both sets of results are to be incorporated into an upcoming Mineral Resource Estimate expected to be released in the September quarter.

“As we anticipated, this first set of drilling assays confirm high-grade heavy mineral sand mineralisation at the Goschen Central project and are extremely positive for the project,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“We are very encouraged by mineralisation observed, and particularly by a contiguous high-grade domain.

“These results place ACDC Metals in a strong position to advance a maiden mineral resource.

“Mineral assessment to identify the valuable heavy mineral distribution (zircon, rutile, ilmenite, monazite) is well progressed, postively we have a good understanding of probable ratios based on the reported resources of VHM Ltd and Iluka Resources Ltd to the north and south respectively.

“We look forward to the targeted infill drilling results, as we work towards our maiden mineral resources in Q3”.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Matsa Resources Confirms Large Gold System at Fortitude North

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) received results from its latest round of reverse circulation (RC) drilling at Fortitude North within the company Lake Carey project in Western Australia.

Matsa Resources reported the drilling has extended the Fortitude North discovery by 200 metres resulting in a strike extent of 1.7 kilometres that remains open in both directions along strike.

The drilling also extended mineralisation down dip to the east by 70m for a total width of some 250m across strike, which the company declared to have greatly added to the potential size and scale of Fortitude North.

Of the 20 holes drilled there were:
10 intercepts above 25 gram metres;
3 intercepts above 50 gram metres;
1 intercept above 100 gram metres, and
13 intercepts greater than 10m thick.

Matsa Resources interpreted the width and grade of these intersections to be confirmation it has discovered a major gold mineralised system that is open in all directions that with additional drilling could further add to the size of the defined mineralisation.

“These fantastic results speak for themselves and whilst further work is obviously required, we see this as a confirmed significant discovery,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“In fact, I think Fortitude North will be substantially better than our Fortitude Gold Mine, only six kilometres to the south, where we have a gold resource of 489,000 ounces.

“Matsa’s geology team tell me that they can see multiple phases and styles of mineralisation that speaks to a very long lived system, with up to four gold forming events.

“Before this drilling, we were targeting another Fortitude, but all this now points to something much more substantial and our target is now much bigger commensurate with these bigger intercepts.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Claims High-Grade Graphite Discovery at Corella Project

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) has claimed a new graphite discovery at the company’s 100 per cent-owned Corella graphite project in Queensland.

Lithium Energy made the discovery via a recently completed maiden drilling program, from which assay results have shown multiple outstanding (composite) intercepts of graphite in excess of 15 per cent Total Graphitic Carbon (TGC), with individual intercepts up to 27.4 per cent TGC.

The high-grade intercepts of graphite encountered at Corella include:

CGRC003
142 metres at 9.5 per cent TGC from surface, including 6m at 16.1 per cent TGC from 35m and 10m at13.4 per cent TGC from 44m;

CGRC008
133m at 10.1 per cent TGC from surface, including 9m at 20.5 per cent TGC from 110m;

CGRC012
83m at 14.8 per cent TGC from 8m, including 23m at 27.4 per cent TGC from 13m;

CGRC002
64m at 13.1 per cent TGC from 45m, including 23m at 19.4 per cent TGC from 57m; and

CGRC013
54m at 13.7 per cent TGC from surface, including 6m at 21.8 per cent TGC from 32m.

Lithium Energy is now moving to delineate a maiden JORC Mineral Resource Estimate of graphite at Corella while examining the potential to build its overall graphite inventory.

Corella is located to the south of the company’s Burke deposit, which comprises a high-grade graphite JORC Indicated and Inferred Total Mineral Resource of 9.1 million tonnes at 14.4 per cent TGC for a total of 1.3 million tonnes contained graphite.

“As we advance with the Pre-Feasibility Study for our Australian-based vertically integrated battery anode material manufacturing business, confirming a new graphite discovery at Corella is a highly positive development,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The potential to add additional graphite from Corella to the already high-grade Resource at the Burke Tenement and thus expand overall Burke project graphite inventory, offers the potential for significantly expanded development options for this exciting project.

“We are looking forward to the maiden JORC Mineral Resource Estimate for Corella based upon these positive drilling results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Rumble Resources Commences New Exploration Activity at the Earaheedy Project

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THE DRILL SERGEANT: Rumble Resources (ASX: RTR) is back out exploring on the company’s emerging world-class Earaheedy project in Western Australia.

Rumble Resources is to undertake activities aimed at defining the limits of the emerging zinc-lead-silver base metal system and focused on high-grade feeder targets along the untested nine kilometres Navajoh Southeast Trend within the company’s 100 per cent owned landholding.

The company has commenced an extension RC drilling program along the previously untested Navajoh Southeast Trend.

An airborne geophysical survey previously highlighted gravity lows having a strong association with the existing high-grade zinc-lead feeder faults at the Tonka and Navajoh zinc-lead deposits.

A high impact drilling program will be carried out to focus on multiple gravity lows along strike of the Navajoh deposit, which the company has interpreted to represent potential new mineralised high-grade feeder faults.

“We are excited to get back into discovery mode and announce the resumption of drilling operations,” Rumble Resources managing director Shane Sikora said in the company’s ASX announcement.

“We have a high impact program planned that will be focused on testing the high-grade feeder targets along the Navajoh Southeast Trend.

“We will also have a specific focus on targeting high-grade Mississippi Valley Type (MVT) discoveries within the interpreted high angle feeder structures.

“The Earaheedy project has exceptional near-term growth potential, and we are eager to advance what we believe will become a world class base metal asset.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Impact Minerals Identifies Large Rare Earth Anomaly

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified the Horseshoe prospect, a large soil geochemistry anomaly for rare earth elements (REE) at the company’s 100 per cent-owned Arkun project in the emerging mineral province of southwest Western Australia.

Impact Minerals described the anomaly as being about 10 kilometres long, up to 2,000 metres wide and comprising both the more valuable Heavy Rare Earth Elements (HREE) and the Light Rare Earth Elements (LREE).

“The new and exciting Horseshoe prospect is in a prime location for REE being associated with the contact zone of an intrusion adjacent to a major fault zone,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“In addition, the area is also very weathered, so there is also the potential for REE ionic clay deposits.

“We are looking forward to getting our follow-up fieldwork underway to check this.

“Horseshoe is just one of numerous REE anomalies we have identified in roadside sampling, and so we look forward to further results from infill soil surveys that are underway.

“This and other recent discoveries in the region suggest that southwest Western Australia could also become an REE province like the Gascoyne Province and the Albany-Fraser Belt near Esperance.

“We are happy to have such a significant ground-holding in this region.

“We are also interpreting the soil geochemistry results for nickel-copper-PGM and lithium and look forward to announcing those results when completed.”

Impact has completed re-processing of a 2022 HeliTEM survey conducted over priority target areas for nickel-copper-PGM mineralisation in the Arkun-Beau area.

A DGPR survey has also been conducted at Beau, and interpretation of this data for lithium pegmatites is also in progress.

This data will be combined to identify drill targets with the aim of completing a maiden drill program in late 2023 or early 2024.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Green Technology Metals Continues High-Grade Root Bay Lithium Hits

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

The Root project is located some 200 kilometres west of the company’s flagship Seymour project that has an existing Mineral Resource Estimate (MRE) of 9.9 million tonnes at 1.04 per cent lithium oxide (Li2O) (comprised of 5.2Mt at 1.29 per cent Li2O Indicated and 4.7Mt at 0.76 per cent Li2O Inferred).

The Root project has an Inferred MRE of 4.5 million tonnes at 1.01 per cent Li20.

Green Technology anticipates a maiden MRE from Root Bay will add to the current 14.4 million tonnes JORC Resource base across its tenure.

New assay results from Root Bay drilling have demonstrated high-grade quality pegmatites and include:

RB-23-152
16.8 metres at 1.57 per cent Li2O from 152.4m;

RB-23-083
16.5m at 1.55 per cent Li20 from 254.6m;

RB-23-156
15.4m at 1.65 per cent Li20 from 37.1m;

RB-23-040
7.8m at 1.61 per cent Li20 from 216.9m;

RB-23-042
5.9 at 1.59 per cent Li20 from 5.6m; and

RB-23-148
5.9m at 1.46 per cent Li20 from 257.7m.

“Root Bay has returned some of the highest-grade results from any of our projects to date with results now indicating significant potential for a maiden mineral resource estimate from the initial 37-hole diamond drill program,” Green technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“We are now working on determining how big the resource potential is at the prospect area and look forward to sharing the results.

“Due to the success of the maiden drilling program, we will now commence infill drilling at Root Bay earlier than planned with two drill rigs mobilised to the project area, ready to commence next week, which will run parallel to the large-scale field exploration program that is currently underway at Root.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Greenstone Resources Drills Mt Thirsty Growth Potential

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) released the latest drilling results from the company’s Mt Thirsty Joint Venture (MTJV) near Norseman in Western Australia.

The company reported assays for the remaining five drill holes of the drilling intersected three distinct zones of flat-lying horizontal mineralisation, including an upper zone consisting of a weathered ultramafic peridotite rock hosting nickel-cobalt-manganese-scandium mineralisation.

Latest results from Mt Thirsty include:

MTRC005D
48 metres at 0.08 per cent cobalt, 0.44 per cent nickel, 0.13 per cent manganese and 47.6 grams per tonne scandium from 2m, including 6m at 0.14 per cent cobalt, 0.62 per cent nickel, 0.85 per cent manganese and 57.4g/t scandium from 5m;

MTRC006D
70m at 0.05 per cent cobalt, 0.45 per cent nickel, 0.47 per cent manganese and 36.3g/t scandium from 3m, including 26m at 0.11 per cent cobalt, 0.59 per cent nickel, 1.06 per cent manganese and 28.2g/t scandium from 47m; and

MTRC007D
29m at 0.09 per cent cobalt, 0.62 per cent nickel, 0.73 per cent manganese and 33.2g/t scandium from 0.0m, including 13m at 0.15 per cent cobalt, 0.62 per cent nickel, 1.36 per cent manganese and 34.1g/t scandium from 6m.

These latest results largely sit outside the current resource envelope and with the recent drilling located approximately 100m east of the current resource, Greenstone considers this highlights unrealised growth potential further to the east.

“These latest results continue to highlight the prospectivity of the Mt Thirsty project to provide a low-cost, ethical and sustainable source of cobalt and nickel outside of the Democratic Republic of the Congo and Russia,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Of importance, is that the majority of these results remain outside of the recent resource update and present an opportunity for further resource growth and mine life extensions.

“Importantly the Mt Thirsty project is uniquely positioned to support the continued decarbonisation of our economy, not only containing cobalt and nickel, but also hosting manganese and scandium, allowing the project to potentially produce a high-value pCAM product containing cobalt, nickel and manganese sourced from the Mt Thirsty deposit.

“We are very much entering a transformational phase for the Mt Thirsty project with metallurgical studies progressing on track that will feed into a Scoping Study currently underway, with reporting expected to be finalised in July.

“We look forward to keeping shareholders updated on a regular basis as we continue to unlock the true potential of the Mt Thirsty project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Recharge Metals Identifies High-Priority Canadian Lithium Targets

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THE DRILL SERGEANT: Recharge Metals (ASX: REC) reported on a generative exploration program currently underway at the company’s 100 per cent-owned Express lithium project in the James Bay Region of Québec, Canada.

Recharge Metals has identified four high priority target areas for lithium mineralisation with widespread outcrop at the Express lithium project following interpretation of high-resolution aerial and satellite photography undertaken by technical consultants.

The company explained the photo interpretation has revealed an area of outcrop within the project area containing a substantial number of targets, which have been interpreted as potentially representing outcropping lithium-bearing pegmatites.

These outcropping areas also include historically mapped pegmatites on the project area Recharge reported on in March this year.

“We now have four high priority target areas at Express to focus our attention on,” Recharge Metals managing director Felicity Repacholi-Muir said in the company’s ASX announcement.

“The aerial imagery is very much the key dataset for the detailed planning of our field program.

“The extensive outcrops present at Express provide encouragement for the potential of lithium-bearing pegmatites to be discovered, and we continue to source alternative datasets to refine our targeting.

“I am very much looking forward to getting in the field and ground truthing these target areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Nordic Nickel Confirms Nickel Sulphide System

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THE DRILL SERGEANT: Nordic Nickel (ASX: NNL) reported assay results for the first diamond drillhole completed at the company’s Pulju nickel project in the Central Lapland Greenstone Belt (CLGB) of northern Finland.

Nordic Nickel received assays for diamond drillhole HOT001, completed as part of the company’s first diamond drilling program at the Hotinvaara prospect, which it claims to have confirmed scale and endowment within the nickel sulphide system at Pulju.

The company explained HOT001 targeted EM conductors and lateral and depth extensions of the Hotinvaara JORC (2012) Mineral Resource Estimate (MRE) of 133.6 million tonnes at 0.21 per cent nickel.

The hole intersected pervasive disseminated nickel sulphide mineralisation to a downhole depth of 624m, returning assays that included:

94.15 metres at 0.2 per cent nickel from 6.4m;

38.7m at 0.26 per cent nickel from 149.3m, including 0.65m at 1.49 per cent nickel, 0.07 per cent cobalt from 174.7m;

38m at 0.18 per cent nickel from 226m, including 0.65m at 1.09 per cent nickel, 0.06 per cent cobalt from 239.15m;

93.3m at 0.17 per cent nickel from 276m; and

50.85m at 0.16 per cent nickel from 395.15m.

“These first assays from our maiden diamond drilling program have added to the excitement around the scale and endowment of the nickel sulphide system at Pulju and its significant growth potential,” Nordic Nickel managing director Todd Ross said in the company’s ASX announcement.

“Excitingly, this hole provides our first insight into the potential for mineralisation below the existing Mineral Resource – which was based entirely on historical drilling and extends to a maximum depth of 500 metres with 81 per cent of the MRE in the top 250 metres.

“HOT001 intersected multiple zones of disseminated nickel sulphide mineralisation to a downhole depth of 624 metres in the prospective ultramafic lithologies, with the system remaining entirely open in several directions.

“This is an important first hole for Nordic Nickel which confirms we have a potentially world-class asset at Pulju.

“It provides clear evidence of the potential to expand the current MRE at Hotinvaara, while also confirming the significant nickel sulphide endowment of the system.

“It also augurs well for the potential discovery of additional high-grade massive sulphide zones, which remains a key focus of our drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Aruma Resources Expands Gold Mineralised Footprint at Salmon Gums

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) received results from recent drilling completed at the company’s Salmon Gums gold project in the Eastern Goldfields of Western Australia.

Aruma completed 44 reverse circulation (RC) holes that were designed to follow up bonanza-grade gold the company intersected in its previous drilling, of up to 224 grams per tonne gold that it announced in March last year.

The company said the assay results received returned multiple zones of anomalous gold, and expanded the gold mineralised footprint at the priority Iris and Thistle prospects.

Highlights from RC drilling include:

At Iris

SG23RC030
1 metre at 3 grams per tonne gold from 71m;

At Thistle

SG23RC037
1m at 1.3g/t gold from 46m; and

SG23RC037
5m at 0.4g/t gold from 103m.

The drilling identified a new target – the Rose prospect – situated between Iris and Thistle, with multiple gold intersections returned at this new target, including:

SG23RC026
1m at 2.3g/t gold from 27m; and

SG23RC009
1m at 2.1g/t gold from 104m.

“The Salmon Gums gold project has the potential to host a significant mineral deposit,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“This round of drilling was designed to test our geologic model for gold mineralisation at the project over a considerable strike, and has been successful in intersecting multiple zones of gold mineralisation, which has resulted in the definition of a new target, at the Rose prospect.

“As our understanding of the gold model at Salmon Gums increases, as a next step we plan to undertake targeted diamond drilling in several orientations, to follow up the bonanza gold intersection of 5 metres at 50.2 grams per tonne from our previous phase of drilling and to increase our understanding of what is controlling the high-grade gold.”