Black Cat Syndicate Encounters High-Grade Gold at Majestic and Fingals Fortune

THE DRILL SERGAENT: Black Cat Syndicate (ASX: BC8) is continuing a good run with RC drilling being carried out at Majestic and Fingals Fortune, both part of the company’s Fingals gold project in Western Australia.

Black Cat Syndicate has now completed the first 16 holes for approx. 3,482 metres at Imperial/Majestic, targeting extensions to the Imperial/Majestic deposits.

The company has been encouraged by results achieved from the first three 3 holes hitting multiple gold zones in each hole with a number of high-grade intersections including:

20IMRC002
6 metres at 7.01 grams per tonne gold from 167m;

20IMRC002
4m at 9.11g/t gold from 178m;

20IMRC002
2m at 15.4g/t gold from 184m; and

20IMRC003
6m at 6.59g/t gold from 53m.

Results from a further 31 holes at Fingals Fortune have also been received from drilling targeting shallow extensions to the historically mined open pit.

The drilling program extended mineralisation, which remains open in all directions.

Results include:

20FIRC028
3m at 8.55g/t gold from 25m;

20FIRC033
1m at 23.2g/t gold from 33m;

20FIRC046
1m at 25g/t gold from 88m; and

20FIRC048
2m at 7.17g/t gold from 55m.

Black Cat Syndicate signalled a JORC Mineral Resource update for Fingals Fortune is expected to be completed in October 2020.

Other Resources will be updated on an ongoing basis.

“Thick high-grade results from our initial drilling at both Imperial and Majestic have been pleasing. RC drilling is ongoing in this area as part of our planned plus-60,000 metres drilling program,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The results at Fingals Fortune were also encouraging, intersecting new lodes to the south, and will form part of an updated Resource release in October 2020.

“Resources at Myhree, Boundary and Trump will also be updated in October 2020.

“We are also pleased to advise that various studies are planned to be released in October 2020 (subject to timing of independent reviews) including: the Myhree Stage 1 and 2 open pit prefeasibility study and scoping studies for Myhree underground, Trump and Boundary open pits; Imperial/Majestic underground and the Fingals Fortune open pit.

“Furthermore, a milling facility scoping study prepared by Como Engineers Pty Ltd will also be released with the above studies.

“This is all part of the drive to achieve our targets of one million ounces of Resource and a wholly owned milling facility with at least three years feed ahead of it.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

Great Southern Mining Intersects Cox’s Find Gold Mineralisation

THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported gold intersections from Phase 2 RC drilling at the company’s 100 per cent-owned Cox’s Find project, in the Laverton Gold District of Western Australia.

Great Southern Mining explained this latest phase of drilling had focused on two key along-strike targets to the north of the Cox’s Find deposit, known as Targets 2 and 3.

Highlights included the intersection of gold mineralisation in first-pass RC drilling at two key along-strike targets located 400m (Target 2) and 1km (Target 3) north of Cox’s Find.

Best results include:

8 metres at 1.1 grams per tonne gold from 91m, including 2m at 3.2g/t gold;
6m at 1g/t gold from 114m, including 2m at 1.7g/t gold; and
13m at 0.7g/t gold from 34m, including 1m at 1.7g/t gold.

The newly identified mineralised zones appear open along strike and at depth with the recent results demonstrating structural prospectivity of the northern corridor.

Targets 2 and 3 represent only the first two of several along-strike targets the company has earmarked for drilling, which includes multiple areas further to the north of Target 3.

High-priority follow-up drilling of Targets 2 and 3, plus these other key structural targets is currently in the planning stage.

“These results represent a significant success for GSN,” Great Southern Mining chief executive officer Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“They demonstrate that gold mineralisation is not constrained to the Cox’s Find deposit and is evidenced for at least a further one kilometre along strike.

“They also show that historical RAB drilling in these northern areas by previous owners stopped short of genuine target depth in multiple zones.

“In short, the results substantially increase the overall prospectivity of the target corridor to the north of Cox’s Find.

“It is also important to note that Targets 2 and 3 are only the first two of several high-priority regional targets set to be drilled.

“GSN intends to aggressively follow-up this success, and the other high-priority structural target zones, with an intensive drilling program in the short term.

“Finally, the Cox’s Find project area is likely to again increase.

“GSN has an additional approximate 50 square kilometres under application, immediately adjacent to Cox’s Find.

“This ground is highly prospective with known mineralised corridors that host nearby million-ounce deposits interpreted to strike right through it.

“This application follows the granting earlier this month of E38/3476, which lies immediately to the north of the successful drilling at Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gsml.com.au

 

Web: www.gsml.com.au

 

RareX Identifies nickel-copper-PGE Targets

THE DRILL SERGEANT: RareX Limited (ASX: REE) informed of the identification of numerous nickel-copper-PGE targets on the company’s 100 per cent-owned Byro East project, located in the Western Gneiss Terrane north-west of Geraldton in Western Australia.

RareX pegged Byro East in February this year for rare earths exploration, after which it carried out a geological review subsequent to the Julimar discovery of Chalice Gold Mines (ASX: CHN).

The review highlighted the presence of ultramafic intrusions within the Narryer Gneiss Complex.

RareX completed a further review of publicly available data that showed its new landholding contains extensions of the Milly Milly Intrusion and multiple other ultramafic intrusions contained within the Byro East ultramafic corridor and the Brockman ultramafic corridor.

The company is of the opinion that the geological setting of the Milly Milly Intrusions is analogous to the Gonneville Intrusion that hosts the Chalice discovery.

“RareX has now begun collating all previous exploration data and reprocessing historical geophysical data ahead of the ground being granted in the coming months, with ground-based exploration expected to follow on from Cummins Range and Weld North later this year,” the company said in its ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Kairos Minerals Identifies Kangan Project Gold Targets

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) timed its announcement of four new gold targets identified at the company’s 100 per cent-owned Kangan project in Western Australia with executive chairman Terry Topping’s presentation to the RIU Resurgence Conference.

The Kangan project is located 90km south of Port Hedland and 20km south-east of the new Hemi gold discovery of De Grey Mining (ASX: DEG).

Kairos Minerals identified the targets by way of results from a recently completed geochemical sampling program, together with interpretation of data from a recent aeromagnetic survey.

The new targets include a large gold target that sits in a favourable geological position for potential intrusive-hosted gold discoveries.

In light of the new discoveries, Kairos has decided to prioritise an initial aircore drilling program to test the targets next quarter.

Target 1 is defined by a major north-south structural zone which is coincident to a 3km long geochemical anomaly.

Target 2 is a gold-in-soil anomaly coincident with some magnetic features. Sulphur and Strontium are also elevated within this target area.

Target 3 is defined by a 3.5km long geochemical anomaly coincident with magnetic features and lithological boundaries.

Target 4 is a low-level gold anomaly coincident with a magnetic feature.

“Our systematic approach to exploration across the Pilbara Gold Project is continuing to generate results across a number of fronts,” Kairos Minerals executive chairman Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“Results have been received from the recent Ultrafine soil geochemistry program at Kangan and together with newly interpreted aeromagnetic data, have generated four gold targets.

“The largest of these is a coincident geochemical and geophysical feature that sits on the margin of an intrusion in a geologically favourable position just 20 kilometres from De Grey Mining’s exciting Hemi discovery.

“We plan to commence heritage surveys with a view to testing these new targets as soon as possible, clearing the way for initial aircore drilling in October/November this year.”

Elsewhere Kairos has completed a ground-based geophysical program for the Fuego prospect, part of the company’s Croydon project, located 120km south of Port Hedland.

The survey also covered the Iron Stirrup and Old Faithful prospects at the Mt York project.

Approximately 190 line kilometres of survey has been completed to date and data processing and interpretation is now underway.

The survey is currently in progress over the Tierra prospect at the Croydon project, with 70 line kilometres planned to cover over 5km strike of the geochemical anomaly.

“RC drilling is continuing at the Fuego prospect with eight holes completed to date,” Topping said.

“We are encouraged by the initial indications from this drilling, with broad zones of sulphides intersected in conglomerates, sandstones and black shale.

“Assays are awaited and drilling is progressing to allow us to complete the initial program at Fuego.

“Drill pad preparation at the Mt York Project has now been completed and the rig will relocate from Fuego to Mt York as soon as the current program is completed, to drill extensions of the Mt York, Iron Stirrup and Old Faithful deposits.

“In total, we expect to drill approximately 5,000 metres across the two project areas.”

 

TO WATCH THE RESOURCES ROADHOUSE INTERVIEW TERRY TOPPING AT THE RIU RESURGENCE CONFERENCE:

CLICK HERE

 

Web: www.kairosminerals.com.au

 

Prodigy Gold Completes Northern Territory Drilling Campaign

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) has just completed a drilling campaign on the company’s 100 per cent-owned gold portfolio in the North Arunta and Tanami regions of the Northern Territory.

Prodigy Gold drilled 195 aircore holes that were designed to test seven targets across three prospects – the Tulsa target in the North Arunta project, and the Bonanza West and Blue Hart prospects within the Tanami.

The company explained its drilling of these high priority targets forms part of a broader exploration strategy aimed at systematically exploring the company’s project portfolio to screen for new large-scale gold deposits in the Northern Territory.

“We are pleased to have completed this drilling program across several highly prospective targets within the North Arunta and Tanami regions and we look forward to reporting our findings from this program soon,” Prodigy Gold managing director Matt Briggs said in the company’s announcement to the Australian Securities Exchange.

“Data from this initial campaign will be used to define a series of targets for follow-up RC drilling later this year.

“We are drilling targets located in a highly prospective gold region which hosts several multi-kilometre structural targets, so the potential for discovery is very clear.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@prodigygold.com.au

 

Web: www.prodigygold.com.au

 

Genesis Minerals Confirms Admiral Mineralisation Continuity

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) has been encouraged by initial results from a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Ulysses gold project in Western Australia.

Genesis Minerals carried out drilling on the Admiral deposit, which was part of the recent acquisition of the Kookynie tenements the company announced in June 2020.

Admiral is one of a number of deposits that will be systematically drilled out over the coming months within the Ulysses project.

Genesis said the drilling confirmed shallow and continuous mineralisation, from results including:

20USRC444
7 metres at 1.8 grams per tonne gold from 23m;

20USRC450
7m at 2.12g/t gold from 46m;

20USRC454
10m at 3.6g/t gold from 25m; and

20USRC455
3m at 5.45g/t Au from 35m.

Genesis has now completed approximately 95 holes of Resource confirmation drilling at the Admiral, Clark and Butterfly deposits, which have a combined Mineral Resource of 4.6 million tonnes at 1.7g/t gold for 246,000 ounces.

“Our maiden drilling program across the newly-acquired Kookynie tenements is off to a great start,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“The initial phase of RC drilling has validated the historic drilling data on which the current Admiral resource is based – which is a huge tick for the project, confirming the presence of consistent and continuous gold mineralisation within the Mineral Resource envelope.

“Importantly, the currently defined Mineral Resource at Admiral is open down-dip on the Admiral shear and along the north-dipping shear running along the northern limit of the current Admiral deposit.

“We believe there is significant potential to grow the Resource and, with resource confirmation drilling already nearly completed, the next phase of drilling will focus on this exciting potential over the next couple of months.

“Drilling is progressing smoothly, which is a real credit to the exploration team in the field, with well over 120 holes completed over the past two months.

“With so many samples going into the laboratory, the only brake on news-flow will be assaying of samples and processing of results.
“That said, we expect to receive a steady stream of results from both in-fill and extensional drilling across the deposits which should ensure regular news-flow through to the end of the year.

“Drilling is continuing at Ulysses with two RC rigs and a diamond rig operating and an air-core rig scheduled to commence drilling this week.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.genesisminerals.com.au

 

Alicanto Minerals Drilling at Greater Falun in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has kicked off a 4,000m diamond drilling program at the company’s Greater Falun copper-gold project in the Bergslagen region of Sweden.

Alicanto Minerals will be drilling to test new targets and seek to establish extensions to known mineralisation located in the vicinity of major copper gold systems.

The company explained the drilling will be the first thorough modern exploration campaign undertaken at Greater Falun as well as being the first drilling since Alicanto made a major breakthrough by establishing that the dominant mineralisation is copper-gold skarn, not a Volcanogenic Massive Sulphide (VMS) system as long believed.

Alicanto aims to establish a mineral inventory capable of supporting a central processing hub.

The diamond drilling program has commenced at the Green Mile targets, after drilling of which Alicanto expects to move the drill rig onto the next set of targets.

Alicanto is currently interpreting historic airborne electro-magnetic surveys and undertaking new ground electro-magnetic surveys, from across a large portion of the company’s tenements, to assist in further refining the search for conductors within the tenements.

“The extent of known mineralisation and the high quality of our targets mean this is a potentially company-making drilling program,” Alicanto Minerals managing director Peter George said in the company’s announcement to the Australian Securities Exchange.

“We have mapped more than 2,000 outcrops and historical surface workings which have resulted in us discovering seven copper-gold skarns at surface.

“When we overlay this information onto the large volume of historical and recent geophysical survey data, an impressive picture of the Greater Falun project is forming that has not been seen before now.

“This is the largest program ever undertaken within the Greater Falun project and will see us test the multiple EM signatures, IP Anomalies and copper-gold and polymetallic skarn targets we have discovered.

“We have started the drilling program with the untested EM conductors at Green Mile along strike from the historic, high-grade copper-gold Falun Mine, which produced 28 million tonnes at 4 per cent copper, 4 grams per tonne gold, 5 per cent zinc, 2 per cent lead and 35 grams per tonne silver up until 1992.

“The conductors are coincident with footwall alteration and high-grade rock chip results mapped on surface.”

 

Email: info@alicantominerals.com.au

 

Web: www.alicantominerals.com.au

 

Kin Mining Eyes Large Mineralised System at East Lynne

THE DRILL SERGEANT: Kin Mining (ASX: KIN) should be garnering plenty of attention on the opening day of the RIU Resurgence Conference following its announcement of new assay results from recent aircore (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining recently completed AC drilling at the East Lynne prospect as part of the ongoing Phase 3 drilling program at the CGP, from which it reported assay results for Lines 7 and 8 of 14 lines drilled at the emerging trend.

The company considers the East Lynne prospect to be a potential new discovery within the CGP.

Results include:

Line 7

EL20AC170
4 metres at 1.14 grams per tonne gold from 8m;

EL20AC171
4m at 0.94g/t gold from 8m.

Line 8

EL20AC192
5m at 35.1g/t gold from 40m to EOH;

EL20AC191
4m at 0.96g/t gold from 12m.

Kin recently drilled its first deep diamond hole drilled in the far northern part of the East Lynne target that also intersected high-grade gold mineralisation, including:

EL20DD332
2m at 1.03g/t gold from 184.04m;
1m at 20.9g/t gold from 230m.

“This is an exciting breakthrough for our ongoing systematic exploration of the East Lynne trend, which we now believe has all the hallmarks of an emerging, large-scale mineralised system,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“Intersecting 5 metres at 35 grams per tonne in shallow, wide-spaced air-core drilling is a remarkable result and will certainly see our exploration at East Lynne step-up a gear.

“What’s important is that this is not a one-off.

“The new AC results are delineating areas of significant high-grade gold mineralisation within the East Lynne Trend over an extensive area.

“We have now defined a semicontinuous zone of mineralisation spanning an area 100 metres wide and up to 3.2 kilometres long above a significant geological contact.

“While we always believed that the East Lynne target had significant potential, the latest results demonstrate that the target is an extensive zone of sulphide mineralisation containing significant areas of high-grade gold mineralisation away from the historical workings along the trend.

“We are looking forward to testing the other sections at depth at 800 metres spacing to confirm the continuity of the sulphide zone and see if we have an emerging greenfields discovery of considerable scale and potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Meteoric Resources Confirms Historic Mineralisation at Palm Springs

THE DRILL SERGEANT: In the lead-up the RIU Resurgence Conference next week, Meteoric Resources (ASX: MEI) reported encouraging news from drilling at the company’s Palm Springs gold project in Western Australia.

Meteoric Resources drilled the first two diamond drill holes of the 2020 drilling program at the Palm Springs project, which it said intersected broad zones of sulphide mineralisation.

The company said these first two holes had visually confirmed the location and geometry of the historical high‐ grade gold intercepts underneath and along strike from the Butchers Creek open pit in the Kimberley.

The company has taken increased confidence from the diamond drill holes intercepting broad zones of visual sulphide mineralisation that are consistent with the location of the historical high‐grade gold intercepts at Butchers Creek.

RC drilling will now commence in conjunction with the diamond drill rig, with both rigs drilling throughout September and into October.

“For the first time we are seeing these wide high‐grade mineralised gold zones in drill core and we are liking what we see,” Meteoric Resources managing director Dr Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“It was important to get these first diamond drill holes into the deposit to confirm the presence and geometry of the mineralised trachyte, and I am very pleased to report that these holes have intercepted mineralisation consistent with our interpretation.

“We now have the confidence to turn the dial up on our drilling efforts and have both an RC and diamond rig in action simultaneously.

“Core logging and processing is progressing well and we expect to be reporting assay results from the first holes of the 2020 Palm Springs project in October.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

Web: www.meteoric.com.au

 

Legend Mining Drilling Returns Second Favourable Intercept

THE DRILL SERGEANT: Legend Mining (ASX: LEG) reported a healthy intersection from drilling at the Mawson prospect within the company’s Rockford project in the Fraser Range of Western Australia.

Legend Mining reported the intersection, another from diamond drillhole RKDD023, which was designed to test a strong conductor at the Mawson prospect.

Assaying has shown RKDD023 intersected a plus-90 metres mineralised zone of nickel-copper sulphide, including: 12.95m massive sulphide; 7.55m semi-massive sulphide; and multiple zones of net-textured, matrix, and heavy disseminated sulphide.

“The discovery of another 12.95 metres of massive nickel-copper sulphide in diamond drillhole 23, circa 200 metres from the previously announced massive sulphides, is a quantum boost for the potential of the Mawson prospect,” Legend Mining managing director Mark Wilson said in the company’s announcement to the Australian Securities Exchange.

“The nature of the mineralisation suggests we are closer to the intrusive source but we are not there yet.

“Downhole EM from this hole, which is now underway, is designed to provide data to assist in planning future diamond holes in this immediate vicinity.

“Importantly, the RC drilling confirms the Mawson intrusive complex extends north and east of the known Mawson nickel-copper sulphide mineralisation, confirming the prospectivity for mineralised intrusives below the eastern aircore geochemical anomaly.

“The RC holes are also a great platform for downhole EM.”

 

 

 

Web: www.legendmining.com.au