Lunnon Metals Drills Thick High-Grade Lady Herial Gold

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THE DRILL SERGEANT: Lunnon Metals (ASX: LM8) reported assay results from reverse circulation (RC) drilling recently conducted at the company’s Kambalda Gold and Nickel Project (KGNP) in Western Australia.

Lunnon Metals undertook close spaced RC drilling at Lady Herial, its initial focus of surface activities for 2025 in the Foster Gold Belt within the KGNP.

The company described Lady Herial as an outcropping to very shallow gold deposit with the potential to deliver low strip ratios in any future open pit.

The drilling confirmed high-grade lode structures across an approximate 100m by 50m area, returning assays of:

11 metres at 3.38 grams per tonne gold;
15m at 3.84g/t gold
17m at 3.07g/t gold and
15m at 2.38g/t gold.

“Another de-risking step is now complete,” Lunnon Metals managing director Edmund Ainscough said in the company’s ASX announcement.

“Whilst the very high-grade results are great to see in the early rounds of drilling, it builds confidence to follow them up and demonstrate that the hosting structures are continuous and high-grade.

“This is just a small part of the overall Lady Herial deposit, and because it is so shallow, it will be accessed early in any future open pit so it is important to fully understand the dimensions of these structures and model them correctly.

“These structures would be mined almost immediately after any pit starts and will be a fantastic way to kick off any new mine!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Viking Mines Encounters Gold in Bitfrost Drilling Campaign

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THE DRILL SERGEANT: Viking Mines (ASX: VKA) reported encouraging assay esults from recent drilling activity at the company’s First Hit project in Western Australia.

Viking Mines’ recent drilling focused across the project’s Bifrost target (formerly Northern Duplex Target) as part of a Phase 1 drilling program.

The company declared assays it has received have confirmed additional zones of gold mineralisation within this greenfields target area.

The best intercepts emerged from hole VKRC0103, returning:

5 metres at 1 gram per tonne gold from 102m and 3m at 1.3g/t gold from 115m, within a broader zone of 23m at 0.4g/t gold from 97m.

Viking said the results it has achieved to date demonstrate the potential for a strike extensive gold system now covering 1.7km, which it intends following up as it attempts to identify the potential source of gold.

The company signalled a phase 2 drill program is set to commence soon at another geochemical anomaly; the Central Duplex target.

Follow up drilling at Bifrost will be incorporated once remaining assays have been received.

“We have demonstrated extensive gold mineralisation pathways are present with the capacity to generate results of the tenor seen proximal to regionally relevant substantial gold deposits such as Riverina (ASX: OBM),” Viking Mines managing director & CEO Julian Woodcock said in the company’s ASX announcement.

“This first pass wide spaced drilling program covers a very large area >3.6km in strike length and has now delivered us two high priority follow up targets 1.7km apart, which warrant immediate further work.

“Work programs continue with auger drilling underway and the Phase 2 RC drill program to commence in March.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Great Boulder Resources Hits Thick, Shallow Gold Zones at Side Well South

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) released a market update on recent drilling activities undertaken at the Side Well South prospect located within the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources completed first-pass reconnaissance air-core (AC) drilling that intersected multiple zones of shallow gold mineralisation at Side Well South.

The company described Side Well South as being a “new discovery prospect located on the +18km ‘Ironbark Corridor’.

The prospect sits outside the current global Side Well Mineral Resource Estimate (MRE) that currently stands at 668,000 ounces at 2.8 grams per tonne gold.

Highlights of the recent program include:

25SWAC003
34 metres at 1.25 grams per tonne gold from 17m, including 8m at 3.16g/t gold from 26m; and

25SWAC004
41m at 0.57g/t gold from 57m, including 7m at 1.11 gold from 57m.

The company considers these intersections to be potential extensions to high-grade lodes within the historic Golden Bracelet mine workings further south.

“Results from the first nine AC holes drilled this year at Side Well South have identified a new shallow, high-grade gold lode, 200m north of the historic Golden Bracelet mine and 140m west of the high-grade discovery we announced in January,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This area is extremely prospective, highlighted by the number of historic mine workings and the surface anomalism we’ve identified using auger geochemistry.

“Any new discoveries of shallow gold at Side Well are exciting because they have potential to add resource ounces quickly, giving us more options to optimise a mine development.

“We are still waiting on assays for another 62 holes in this program.

“Follow-up drilling will be scheduled in conjunction with the RC program currently underway at Mulga Bill North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Hits Lady Jenny Gold and Copper

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) provided a spark to the final morning of the RIU Explorers Conference by reporting drilling results from the company’s Lady Jenny Mining Lease in the Mt Isa region Queensland.

Hammer Metals had conducted an eleven-hole Reverse Circulation (RC) drilling program through November and December 2024 at the Lady Jenny Mining Lease with all holes intersecting copper and gold mineralisation under the historical pit, confirming a strike extent of approx. 180 metres.

Highlights from these first intercepts included:

HMLJRC005
32 metres at 1.05 per cent copper and 0.22 grams per tonne gold from 14m – estimated true width of approx. 25m, including 20m at 1.35 per cent copper and 0.3g/t gold from 16m;

HMLJRC008
26m at 0.67 per cent copper and 0.34g/t gold from 37m – estimated true width of approx. 21m, including 1m at 9.08 per cent copper and 4.4g/t gold from 42m;

HMLJRC003
15m at 1.10 per cent copper and 0.11g/t gold from 11m – estimated true width at 10m and 15m at 0.88 per cent copper; and

HMLJRC004
0.12 g/t gold from 36m – estimated true width of approx. 8m, including 6m at 1.76 per cent copper and 0.23g/t gold from 36m.

“Hammer’s program has successfully confirmed the extent of the presence of copper sulphides beneath the historical oxide workings at Lady Jenny,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Several other exploration targets at the property are emerging and the team will assess geophysical methods to aid targeting for future drilling programs.

“The team’s attention now turns to our Bullrush IOCG drilling program, which we expect to commence next week.

“This diamond drilling program is targeting a classical magnetic and gravity anomaly masked by approximately 100m of cover.

“It is shaping up to be a busy start for 2025, with drilling programs also scheduled for Hammer’s 100 per cent-owned project areas.

“We’re looking forward to the end of the wet season to allow us to finally test Tourist Zone South plus an exciting new VTEM target at Revenue near Mt Hope.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Emmerson Resources Reports High-Grade Gold Results from Initial White Devil Drilling

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THE DRILL SERGEANT: Emmerson Resources (ASX: EMR) provided some interest for punters at the2025 RIU Explorers Conference by announcing drilling results from 2024 drilling undertaken at the company’s White Devil gold project near Tennant Creek.

Emmerson Resources reported extensional RC drilling results that encountered high-grade zones of gold mineralisation, including:

WDERM030
33m at 5.1 grams per tonne gold from 189m, including 10m at 11.2g/t gold and 9m at 4.5g/t gold from 64m;

WDERM004
11m at 6.2g/t gold from 8m, including 1m at 55.7g/t gold; and

WDERM010
9m at 4.8g/t gold from 29m.

Emmerson said the drilling extended the known White Devil mineralisation 320m to the east and to surface above the historical high-grade mineralisation as well as confirming mineralisation extends into the shallow unreported portion of the current Mineral Resource Estimate.

“It is very pleasing to announce that the results from the first 31 RC drill holes completed at White Devil in December have exceeded expectations,” Emmerson Resources managing director Mike Dunbar said in the company’s ASX announcement.

“Multiple high-grade and wide zones of mineralisation were intersected including 33m at 5.1g/t gold, 11m at 6.2 g/t gold, 11m at 5.1g/t gold and multiple six to 10 metre wide high-grade gold zones ranging from 12.8g/t to 3.8g/t gold which is a great result.

“This bodes well for the upcoming Mineral Resource Estimate (MRE) that will be completed once we have received results from the last 9 RC holes drilled in January.

“The MRE update is expected to be completed in late March and will form the basis for the Scoping Study that will determine the status of the White Devil deposit according to the terms of the JV.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Carnaby Resources Drills Further Encouragement at Greater Duchess

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) released results from a recent busy round of drilling completed at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

Carnaby Resources carried out drilling across a number of prospects within the Greater Duchess project, all of which returned encouraging results.

From the Mt Hope deposit (MRE 10.3 million tonnes at 1.7 per cent copper equivalent (CuEq) for 173,000 tonnes CuEq), assay results from geotechnical and resource delineation drilling undertaken as part of the Greater Duchess Pre-Feasibility Study confirmed substantial widths and grades of copper mineralisation.

Drilling at the Lady Fanny prospect intersected a broad zone of mineralisation, increasing the overall true width of the Lady Fanny Main Lode to 35 metres.

Ten resource delineation and extension RC drill holes undertaken at the Burke & Wills prospect all intersected mineralisation confirming the consistency of lode geometry in the upper portion of the deposit.

Six RC holes were carried out at the Nil Desperandum prospect to infill gaps in the drill coverage in the upper levels of the optimised pit. The drilling confirmed the lode geometry, widths and grades seen in previous drilling.

“The Greater Duchess project continues to advance and grow through drilling as part of the Pre-Feasibility Study and ongoing exploration,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The results announced today continue to demonstrate the enormous upside for future mineral resource growth through extensions and new exploration discoveries in the region.

“The PFS remains on track with Carnaby’s maiden drilling at the new Trekelano acquisition about to commence.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat Syndicate Resumes Paulsens Underground Drilling

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) is conducting underground drilling at the company’s Paulsens gold operation in Western Australia.

Black Cat Syndicate has mobiles an underground drill rig to site with the aim of testing priority discovery targets underground, gabbro veining and the hangingwall zone.

Grade control drilling at the priority targets is being carried out to support current mining activities.

Extensional drilling is expected to grow the current Resource and will include drilling at the Galileo and Mir targets that sit within a NW-striking structural zone in the hangingwall zone.

“After an exciting end to 2024 with our first gold pour at Paulsens, we move on to the next phase of growth with underground drilling having now commenced,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“With a multitude of targets underground at Paulsens, we expect the drill rig to turn for the foreseeable future as we define and grow our Resource and mine life at Paulsens.”

 

TO READ THE FULL ANNOUNCEMNT: CLICK HERE

 

Critica Declares Jupiter Maiden Resource as Australia’s Largest Clay Hosted REE Resource

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THE DRILL SERGEANT: Critica (ASX: CRI) released, what the company claims as being, the “largest and highest-grade clay hosted rare earth resource”, in Australia.

Critica made the bold statement when releasing an independent maiden Mineral Resource Estimate (MRE) for its flagship Jupiter project, which forms part of the company’s broader 100 per cent-owned Brothers clay hosted rare earth project in Western Australia.

The MRE has come in with a Global Resource of 1.8 billion tonnes at 1,700ppm total rare earth oxide (TREO) (1,000ppm cut-off), including a high-grade resource of 500 million tonnes at 2,200ppm TREO (1,800ppm cut-off).

Critica said the Inferred MRE, prepared by resource consultancy SRK Consulting, had greatly exceeded its own expectations in terms of both tonnes and grade.

“It is incredibly exciting to be able to unveil Australia’s premier clay hosted rare earth deposit – the numbers speak for themselves,” Critica managing director Philippa Leggat said in the company’s ASX announcement.

“Our maiden resource represents a major milestone that we have, rather remarkably, delivered in just over a year from announcing the discovery in November 2023.

“The size and grade in the clay-hosted Jupiter deposit is unmatched in Australia, and globally significant.

“The development potential is boosted by its exceptional location in a well-established, West Australian mining district that benefits from robust existing infrastructure.

“Moreover, the near-surface and highly consistent nature of the deposit affords us optionality when it comes to considering future processing and development scenarios.

“Our initial metallurgy has demonstrated the potential to beneficiate our grade by 830% while simultaneously reducing the overall mass by an extraordinary 95%.

“We are well funded to continue advancing this testwork and drill test our satellite discoveries to assess the true potential of our provincial scale opportunity at the broader Brothers project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hot Chili Confirms LaVerde Copper-Gold Porphyry Discovery

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THE DRILL SERGEANT: Hot Chili (ASX: HCH) declared confirmation of a copper-gold porphyry discovery at the La Verde copper-gold discovery near the company’s Costa Fuego copper-gold project in Chile.

Hot Chili made the announcement on the back of results received from recent drilling activity that resulted in completion of 19 RC drill holes, 12 of which assay results were reported confirming what the company described as “a major copper-gold porphyry discovery in Chile’s coastal range”.

“La Verde is shaping up as Hot Chili’s next major copper-gold discovery, with the potential to significantly lift the scale of our Costa Fuego project,” Hot Chili managing director Christian Easterday said in the company’s ASX announcement.

“With primary copper supply declining, copper and gold prices rallying, and a PFS on each of our planned businesses (copper-gold and water) nearing completion – momentum is building fast.

“Following in the footsteps of our successes at Cortadera and Productora, we’ve secured full control of La Verde after years of strategic consolidation, finally allowing us unrestricted access to test this historically overlooked porphyry system.

“Drill results have exceeded expectations, revealing a much larger porphyry system than first recognized, with broad, consistent copper-gold mineralisation extending from shallow depths and largely hidden below shallow gravel cover.

“This discovery has all the signs of becoming our third bulk-tonnage, copper-gold deposit, and is open in all directions and growing fast.

“We’re also preparing to deploy AI-powered exploration to fast-track our nearby exploration growth pipeline, leveraging 16 years of expertise in Chile.

“With La Verde’s scale potential and the Costa Fuego copper-gold hub expanding, we’re at a major inflection point in Hot Chili’s growth story.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Matsa Resources Encounters High-Grade Gold Intercept at Fortitude North

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) rebuked a take over offer from Patronus Resources (ASX: PTN) while announcing a high-grade gold intercept at the company’s Lake Carey gold project in Western Australia.

Matsa Resources reported a gold encounter at the Fortitude North prospect at Lake Carey of:

24FNDD010
22.4 metres at 9.19 grams per tonne gold from 329.7m, including 9.14m at 11.93g/t gold from 329.7m and 7.2m at 12.98g/t gold from 345m.

Matsa claimed the intercept as being the highest grade result it has received to date whilst supporting the trend that grades are increasing at depth and to the north.

The company acknowledged the result had confirmed the presence of a second lode structure approximately 120m below the mineralisation it had defined via its the 2023 drilling program.

“This new intercept lends significant weight to Matsa’s exploration model that Fortitude North represents multiple stacked lode systems plunging to the north and dipping to the east,” Matsa Resources said in its ASX announcement.

“The presence of multiple stacked mineralised lode structures can be found elsewhere such as the nearby Goldfields’ Wallaby Mine and Anglogold Ashanti’s Sunrise Dam Gold Mine.

“The exploration space at Fortitude North has been significantly expanded with this drilling result.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE