Hammer Metals Scores New Wide Copper and Rare Earth Hits at Hardway

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported on recent results from follow-up Reverse Circulation (RC) drilling at the Hardway prospect, part of the company’s Mt Isa portfolio in NW Queensland.

Hammer Metals said the drilling delivered further broad, shallow intercepts of copper and rare earth element (REE) mineralisation, improving on earlier drilling that encountered intercepts of copper and total rare earths and yttrium oxides.

Results include:

HMHWRC012
57 metres at 1 per cent copper from surface, including 10m at 2.87 per cent copper, 0.11 grams per tonne gold and 0.09 per cent TREYO from 25m;

HMHWRC006
24m at 1.06 per cent copper and 0.2 per cent TREYO from 14m within 58m at 0.55 per cent copper from surface (hole terminated in mineralisation);

HMHWRC010
13m at 1.20 per cent copper from 35m within 38m at 0.66 per cent copper from 13m;

HMHWRC005
9m at 1.51 per cent copper and 0.18 per cent TREYO from 67m within 43m at 0.54 per cent copper from 48m;

HMHWRC002
43m at 0.52 per cent copper and 0.12 per cent TREYO from 57m; and

HMHWRC001
30m at 1.1 per cent copper from 48m and 26m at 0.14 per cent TREYO from 34m in (previously reported).

“The Hardway prospect is continuing to deliver exceptional drilling results, with these latest assays confirming that the copper and heavy rare earth mineralisation continues along the previously identified approx. two kilometres long trend,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“With this drilling still being very wide-spaced, a follow-up program for Hardway is now being designed with the aim of optimising the discovery and focusing in on zones with the best potential to add metal inventory at higher grades.

“Pleasingly, a geological review of this tenement has identified a new zone of higher grade REE and copper mineralisation at the Easy Life Prospect, which lies just 1.2 kilometres south-west of the main Hardway workings.

“This will be a priority target for follow-up exploration.

“With drilling soon to also commence at our high-grade Mount Hope copper targets, shareholders can look forward to strong upcoming news-flow from our ongoing drilling of fertile copper and gold systems in the world-class Mt Isa district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Australian Gold and Copper IP Survey Defines Third Hilltop Drill Target

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THE DRILL SERGEANT: Australian Gold and Copper (ASX: AGC) recently completed an IP geophysical survey on the Hilltop target within the company’s South Cobar project in New South Wales.

Australian Gold and Copper had previously identified Hilltop as a high-priority base-metal gold target via target generation and regional reconnaissance programs that were followed-up by soil and rock chip sampling.

The company carried out an eight square kilometre gradient array induced polarisation (IP) survey, along with a dipole-dipole survey line, which it declared to have confirmed the presence of a strong chargeability anomaly at the Hilltop target.

This new IP anomaly adds to Achilles IP targets AGC had announced 20km to the north which had defined two compelling drill targets.

“This Hilltop chargeability anomaly is as clear a drill target as I have seen,” Australian Gold and Copper managing director Glen Diemar said in the company’s ASX announcement.

“It is a Federation look-a-like, with the shallow and high amplitude geophysics neatly coinciding with soil and rock chip geochemistry.

“The new rock chip results also add to this growing story.

“We are bringing massive discovery potential of the Cobar Basin southward.

“With the two exceptional Achilles IP targets, this one at Hilltop and a third IP survey underway at Planet, AGC’s forward path is very clear.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Receives Encouraging Assay Results from Misho Nickel Prospect

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) shared assay results from a recently completed Reverse Circulation (RC) drill program at the company’s Misho nickel prospect in the Kambalda district of Western Australia.

Maximus Resources reported the RC drilling had encountered disseminated nickel-bearing sulphides at basal contact, with high-grades up to 1.3 per cent nickel.

Assay results include:

MHRC001
13 metres at 0.8 per cent nickel, 558ppm copper, 115ppb PGE from 22m, including 1m at 1.3 per cent nickel, 1190ppm copper, 304ppb PGE from 23m and 1m at 1.2 per cent nickel, 776ppm copper, 170ppb PGE from 28m; and

MHRC003
12m at 0.7 per cent nickel, 1256ppm copper, 176ppb PGE from 13m, including 3m at 1 per cent nickel, 1793ppm copper, 247ppb PGE from 16m.

Maximus Resources said its next step would be drilling in the down plunge direction at Misho to assess the continuity of mineralisation at depth.

To that end a RC drill program is expected to take place soon that will also involve several other nickel targets to follow up on nickel, copper, and PGE mineralisation previously identified via recent aircore programs.

“The initial RC program at Misho was designed around elevated nickel, copper, and PGE aircore drill intersections and build our geological understanding at Misho,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“Encouragingly, the RC program has intersected several shallow occurrences of disseminated pyrrhotite and pentlandite sulphide minerals within broader mineralised zones, confirming a fertile nickel sulphide-bearing komatiite channel at Misho.

“The initial RC drill program focused on the apex of the known magnetic flexure, which is interpreted to be the bottom of the komatiite channel.

“Based on our RC drill results and downhole electromagnetic (DHEM) survey, a shallower northerly plunge setting needs to be investigated in a follow-up drill program.

Due to the presence of a strong sedimentary conductor approx. 200 metres east of the target area the DHEM did not identify any possible off-hole nickel sulphides.

“There is still a strong chance of massive sulphide discovery, since conventional geophysics cannot identify the known mineralised intersections.

“We are still in the early stages of our exploration journey at Misho, the presence of shallow disseminated sulphide nickel, copper and PGE mineralisation is a positive indicator for potential massive nickel sulphide accumulations nearby.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

MTM Critical Metals Claims Laterite Nickel Discovery

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THE DRILL SERGEANT: MTM Critical Metals (ASX: MTM) has claimed a new laterite nickel mineralisation discovery at the Seahorse prospect within the company’s East Laverton project in the north Eastern Goldfields of Western Australia.

MTM Critical Metals declared the discovery on the back of assay results from a recently completed program of aircore drilling that confirm nickel laterite mineralisation at the Seahorse prospect.

The Seahorse area is located approximately 50km southeast of Laverton and is considered by MTM Critical Metals as being prospective for a range of commodities, including nickel, cobalt, rare earth elements (REE), gold and base metals based on limited historical exploration results.

The results retuned nickel mineralisation grades in a lateritic weathering zone over an ultramafic host rock, up to 2.2 per cent nickel.

The nickel zones are locally coincident with elevated cobalt, chrome, and rare earth element (REE) mineralisation.

Higher grade drilling intersections include:

23ELAC175
17 metres at 0.92 per cent nickel;

23ELAC176
28m at 0.95 per cent nickel, 10m at 0.1 per cent cobalt and 21m at 0.97 per cent chrome; and

23ELAC185
28m at 0.97 per cent nickel and 32m at 1.08 per cent chrome.

“This discovery of lateritic nickel mineralisation is the successful result of MTM’s systematic exploration campaign at the Seahorse prospect over the past two years,” MTM Critical Metals managing director Lachlan Reynolds said in the company’s ASX announcement.

“Prior to our work, there has been limited historical exploration in this area, which is mostly covered by transported sediments and marginal to the greenstone belts that are traditionally considered to be most prospective.

“However, our combined soil sampling program and interpretation of the regional geophysical surveys has identified numerous anomalies, which this drilling confirms can be associated with mineralisation developed in the laterite profile developed over prospective rocks.

“The significant nickel grades and widths intersected at this stage are very encouraging.

“Furthermore, as only part of the interpreted strike length of the interpreted ultramafic unit have been tested with the drilling, there is considerable potential for a large resource to be delineated.

“We are also keen to evaluate the potential for sulphide-hosted nickel mineralisation associated with the ultramafic units and are considering what ground geophysical survey types may be appropriate to undertake to define new drilling targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Alto Metals Continues Indomitable Gold Hits

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THE DRILL SERGEANT: Alto Metals (ASX: AME) had plenty to tell punters at the RIU Sydney Resources Round-up about the Indomitable Camp, within the company’s 100 per cent-owned, Sandstone gold project in Western Australia, but had more in store when it returned home.

Alto Metals reported further gold results from first pass RC drilling carried out on the Cessna prospect, located at the southern extent of the Indomitable Camp.

Previous owners had conducted preliminary drilling campaigns at Cessna however, the prospect has never been subjected to further scrutiny with no RC drilling previously undertaken.

This has proven to be good for Alto with its first pass RC drilling at Cessna has confirmed high-grade gold mineralisation, including:

SRC928
6 metres at 1.6 grams per tonne gold from 56m, including 4m at 2g/t gold from 58m; and

16m at 7.2g/t gold from 65m, including 4m at 24.2g/t gold from 74m comprising 1m at 28.8g/t gold from 74m, 1m at 21.7g/t gold from 75m, 1m at 23.1g/t gold from 76m, and 1m at 23.4g/t gold from 77m; and

SRC929
8m at 2g/t gold from 70m, including 1m at 11.8g/t gold from 71m.

Alto said the assays from Cessna have confirmed mineralisation extends over 3.5kms of strike and remains open in all directions.

The company believes the extent of shallow oxide mineralisation at Indomitable Camp, is an indication of a potentially much larger gold system at depth.

“Our planned and systematic approach to exploration at Indomitable continues to deliver and further supports our view of Indomitable being part of a much larger system,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“These latest results from our first pass drilling at Cessna, have confirmed the high-grade mineralisation, including 16m at 7.2g/t gold within the BIF and extended the overall mineralised footprint to over three kilometres.

“Planning for the next phase of drilling at Indomitable is well underway and intends to target the orientation of these interpreted high-grade structures within the fresh rock, including the recently announced 16m at 13.1g/t gold from 19m intersected in SRC918.

“The final assays from this first phase of drilling are pending and we look forward to updating shareholders with our ongoing exploration activities in the coming weeks.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Latin Resources Extends Colina Lithium Pegmatites

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) backed up its attendance at the RIU Sydney Resources Round-up by updating the market on the latest assay results from resource definition drilling currently underway at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Latin Resources has completed 133 drill holes, which represents a substantial increase from the 47 holes it used for the project’s maiden MRE completed in December 2022.

The latest extension drilling to the west of the existing Colina MRE has encountered, what the company described as, “a significant lithium swarm” that has extended the footprint of the Colina deposit to over 2 kilometres long by one kilometre wide.

Latin Resources declared it is very confident these lithium swarms could continue along strike to the southwest, providing the potential to further extend the Colina deposit mineral resource.

The company signalled a new program of step-out drilling will now be designed to test the extension of the pegmatite structure.

“The continued expansion of this lithium pegmatite deposit is phenomenal and has the whole team very excited to potentially see this develop into a tier one lithium deposit in the Minas Gerais Lithium Valley,” Latin Resources VP of Operations – Americas Tony Greenaway said in the company’s ASX announcement.

“We will now move some rigs to start testing to expand the deposit through systematic step-out to the southwest from the known Colina mineralisation or what our team call the Colina Corridor, where our deposit remains open.

“Our team on the ground at Colina has done an outstanding job to get through the full drilling program that we had planned for the upcoming June resource update.

“All holes are now complete, samples collected and are with the laboratory in Belo.

“We have been seeing fast turnaround from the lab, so we expect to have all results back for the beginning of June, when SGS in Canada will commence the estimation process.

“Now that this drilling milestone has been achieved, we will switch our focus on site, moving some of our drilling fleet to start drilling some large diameter drill core to collect the necessary metallurgical samples for our DFS studies.

“This will include running the samples through the SGS DMS pilot plant in Lakefield, Toronto.

“While we are all eagerly anticipating the outcome of the MRE update, our focus is very much to continue to advance this exceptional project on all fronts.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Los Cerros Encounters Encouraging Kusi Gold Hits

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THE DRILL SERGEANT: Los Cerros (ASX: LCL) released the latest drill results from the first drilling program at the Kusi prospect, part of the company’s 100 per cent-owned Ono project in Papua New Guinea.

Los Cerros declared results from hole KS23DD004 to be “spectacular”, which it said had combined with visual results from KS23DD005 to motivate a re-assessment of the potential of the Kusi Upper Limestone skarn mineralisation.

Results include:

KU23DD002
39.8 metres at 1.85 grams per tonne gold from 143.2m, including 13.6m at 3.14g/t gold from 169.4m;

KU23DD003
7.3m at 2.25g/t gold from 160.7m and 11m at 4.36g/t gold from 182m; and

KU23DD004
52m at 3.65g/t gold from 164m including 6.68m at 10.91g/t gold from 171.75m and 7.5m at 14.87g/t gold from 191.7m.

Los Cerros said its drilling to date had exceeded its grade expectations while providing information about gold distribution and continuity and confirming the company’s evolving geological model.

The company has interpreted its observations to suggest a higher-grade gold zone emerging to the north of the common drill pad, generally associated with garnet (green and brown) skarn alteration with weak copper mineralisation.

“We are very pleased with the results,” Los Cerros managing director Jason Stirbinskis said in the company’s ASX announcement.

“We are only 5 holes into a roughly 18-hole program, so we have much more to learn and discover, but this has been a great start.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

E79 Gold Mines Identifies Jungar Flats Gold, Lithium and Base Metal Targets

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) didn’t let the dust settle after returning home from the RIU Sydney Resources Round-up by reporting the identification of numerous anomalies prospective for gold, lithium and base metal mineralisation at the company’s Jungar Flats gold project in the Murchison Region of Western Australia.

E79 Gold Mines explained the targets had been outlined by a recent shallow auger drilling program the company had carried out to test a 35 kilometres strike of greenstone using the CSIRO-developed UltraFine+ analytical technique.

The company reported the results demonstrate a range of anomalies for gold, base metals and lithium.

The highest priority gold target identified is an 800 metres-long coherent gold anomaly within the greenstone sequence that is also a coincident lithium anomaly.

“The UltraFine+ soil auger results demonstrate the enormous potential of the Jungar Flats project, with anomalies defined for a range of commodities including gold, base metals and lithium,” E79 Gold Mines CEO Ned Summerhayes said in the company’s ASX announcement.

“The gold and base metal anomalies sit along a greenstone unit where historic drilling had demonstrated gold mineralisation at depth, while the lithium anomaly sits in an area of interpreted granite.

“The high-priority gold anomaly reflects a coherent anomaly within greenstones extending for over 800 metres, and, importantly, within a magnetic low, indicating possible magnetite destruction.

“Magnetite destruction can indicate the flow of hydrothermal, metal-bearing fluids interacting with previously magnetic country rock.

“The next stage of exploration will be to ground-truth the anomalies ahead of aircore drill testing, after appropriate heritage surveys have taken place.”

 

 

 

Future Battery Minerals Encounters Thick Kangaroo Hills Spodumene Intersections

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THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) released diamond drilling (DD) results from the Kangaroo Hills lithium project (KHLP) in Western Australia (FBM 80%, Lodestar Minerals Ltd 20%).

Future Battery Minerals reported the drilling of five near-vertical shallow holes, which was undertaken to infill previous RC drilling and provide core sample of lithium pegmatite, intersected further near surface, multiple thick spodumene bearing pegmatite intersections in widths of up to 23.8 metres.

At time of announcement DD program assays were still pending.

The company said the diamond core samples will be used in early stage metallurgical and mineralogical test work and to provide structural information while noting the five drill holes all intercepted the target pegmatite.

“Given the early exploration success at Kangaroo Hills, FBM moved quickly to diamond drilling in order to understand the potential of this significant discovery,” Future Battery Minerals technical director Robin Cox said in the company’ ASX announcement.

“The DD core samples give our geological team the ability to observe the pegmatite mineralisation with a level of detail not possible in RC drill chips and allows for the accurate logging of the lithium mineral spodumene, which has been identified as the dominant lithium mineral in fresh rock.

“Ultimately, the core will be utilised in early-stage metallurgical test work along with ongoing detailed mineralogical assessments.

“This significant phase of work is being conducted while the company awaits the return of assays from the remaining 23 drill holes from the Phase 2 RC program and finalises the new Phase 3 RC drilling program along with regional target generative geophysics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Southern Cross Gold Scores Big Sunday Creek Gold Hit in Deepest Hole

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THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) returned home from the RIU Sydney Resources Round-up and quickly announced new drilling results from the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold reported results from drillhole SDDSC064 that returned:

1.2 metres at 121.8 grams per tonne gold from 889.6 m.

The company explained this to be from the deepest mineralisation at 830m vertically below surface, scoring a 115m down-dip extension and one of the two highest grade intersections to date, behind the previous intersection from drillhole SDDSC061 of 12m at 7.4g/t gold equivalent (AuEq), including 0.3m at 249.5g/t AuEq.

Southern Cross also highlighted the importance it is placing on the increasing abundance of visible gold at depth at Sunday Creek that is typical for epizonal deposits.

“SDDSC064 intersected five high-grade veins with visible gold, including 1.2 metres at 121.8 grams per tonne gold,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“This is the deepest mineralisation and one of the two highest grade results drilled to date at Sunday Creek.

“The scale of the mineralised system continues to grow and deliver significant results at a globally leading hit-rate.

“At Sunday Creek, and as is typical for epizonal deposits (for example Fosterville and Costerfield, Reefton (NZ)), visible gold becomes increasingly significant at depth.

“The hole importantly extended mineralisation to depth, being a 115 m down-dip extension from SDDSC061.

“It demonstrated increased frequency of high-grade mineralised vein sets.

“Further, it has defined continuity and increased strike length (up to 60 m) of individual veins and defined a broad mineralised halo intersecting 212.8 metres at one gram per tonne gold around high-grade mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE