Burley Minerals Identifies Chubb Lithium Spodumene Mineralisation

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THE DRILL SERGEANT: Burley Minerals (ASX: BUR) is progressing the latest drilling campaign at the company’s Chubb lithium project in Quebec Province of Canada.

Burley Minerals commenced its first drilling program at the Chubb project this month, since when it has completed 11 diamond core holes.

The company reported initial visual estimates have confirmed the presence and persistence of spodumene-bearing pegmatites within two mineralised zones within the Chubb Central prospect, building on drilling results from 2017-2022 drilling campaigns by earlier project holders.

Burley highlighted hole CLP010, which intersected 12.27 metres of spodumene-bearing pegmatite downhole, confirming mineralisation of a good thickness, and open at depth and along strike.

“Receiving such highly encouraging signs in such a short period of time is a fantastic achievement for our team and testament to their exploration skill,” Burley Minerals managing director Wayne Richards said in the company’s ASX announcement.

“The company is eagerly anticipating the first assay results which are due in 3 to 4 weeks.”

“Now that the snow has melted at the Chubb project the exploration team has commenced geological and geochemical mapping programs over the Chubb North area where numerous pegmatites have previously been identified.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Caprice Resources Identifies Mukinbudin Rare Earth Anomaly

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) has joined the ranks of the rare earth explorers on the back of recent activity at the company’s Mukinbudin rare earth element project in Western Australia.

Caprice Resources is undertaking reconnaissance exploration to enhance its understanding of the REE potential of the project.

A recent sampling program tested three areas in the southern half of the tenement, resulting in identification of a soil anomaly on an area called QC2, which coincides with an outcropping zoned pegmatite.

Caprice reported the anomaly to be at least 300 metres long producing both rock chips and soil samples elevated in REEs (up to 3,761ppm REOs) and remains open along strike.

The average heavy rare earth element (HREE) component from the samples is over 19 per cent.

“This initial exploration work is highly encouraging and confirms the prospectivity of the project,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“Whilst the sampling only tested three specific targets, to identify elevated REEs in one of these is an excellent outcome.

“The results justify follow up work to further assess QC2 to delineate drill targets, as well as continue to explore other parts of the 380 square kilometre project, with only 20 per cent of the tenement having been actively explored to date.”

Caprice flagged further sampling is planned to test the remaining strike length of QC2, as well as to systematically assess other areas for REE bearing pegmatites.

Follow up sampling is due to commence next week.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Matsa Resources Reports New Gold Intercepts at Fortitude North

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) will be keen to speak with delegates at the RIU Sydney Resources Roundup about recent drilling results from Fortitude North at the company’s Lake Carey gold project in Western Australia.

Matsa Resources reported its latest drilling campaign has extended the Fortitude North mineralised zone by almost 200 metres to the north resulting in a strike extent of 1.7 kilometres that remains open in both directions along strike.

The drilling has now extended mineralisation across strike to the east by 60m for a new total width of some 250m.

Matsa declared it has become clear that the Fortitude North mineralisation remains open at depth.

“Our recent drilling results have returned thicker packages of mineralisation than we’ve seen before,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“What is really pleasing is that the mineralised zone has been extended and remains open along strike, and importantly, across strike to the east as well.

“Downdip has also not been tested to its full extent.”

Matsa explained that the MRE it had pencilled in earlier this year at Fortitude North that it expected would take the total Lake Carey gold project resource base to over one million ounces would now be postponed.

“Whilst this new drilling is sufficient to formalise a model over a small portion of the deposit, we’ve chosen not to embark on completion of a technical JORC compliant model at this stage,” Poli said.

“Why? Because we only need 114,000 ounces to get us over the one million ounce resource mark and we firmly believe we’d be selling Fortitude North short, when the prize appears to be so much bigger.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Caspin Resources Claims Mount Squires Rare Earth Discovery

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) will be banging the drum at the RIU Sydney Resources Roundup following the announcement of a Rare Earth Element (REE) mineralisation discovery at the company’s 100 per cent-owned Mount Squires project in Western Australia.

Caspin Resources had drill core from a 2022 drilling campaign at the Duchess prosect that was originally carried out to test a large, discrete molybdenum-copper-gold soil geochemical anomaly assayed for REE.

The assaying of the Duchess aircore holes has identified promising shallow REE, including:

MSAC0141
46 metres at 0.71 per cent total rare earth oxide (TREO) from 32m (1,254ppm NdPr, 216ppm Dy2O3, 36ppm Tb2O3), including 22m at 1.25 per cent TREO from 48m;

MSAC0224
19m at 0.41 per cent TREO from surface (809ppm NdPr, 101ppm Dy2O3, 18ppm Tb2O3), including 4m at 0.80 per cent TREO from 8m;

MSAC0130
7m at 0.32 per cent TREO from surface (687ppm NdPr, 75ppm Dy2O3, 13ppm Tb2O3), including 2m at 0.57 per cent TREO from 5m to EOH; and

MSAC0139
10m at 0.14 per cent TREO from 36m (296ppm NdPr, 47ppm Dy2O3, 8ppm Tb2O3).

“This is a sensational discovery given the tiny scale of the assay program,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.

“The company has long recognised the conceptual potential for rare earth mineralisation at the Mount Squires project, but given the more obvious prospectivity for nickel, copper and gold this potential had not been investigated until now.

“We’ve now made a significant rare earth discovery, of a relatively unique style in Australia, in a province with no previous systematic exploration for rare earths.

“An important aspect of these results is that it highlights the potential for rare earth mineralisation throughout the project.

“We are barely past the start line on assessing this opportunity.

“The result from MSAC0141 is exceptional and may already represent a discovery hole in a new rare earth oxide deposit, but there are also potentially more targets beyond the Duchess prospect.

“I commend our team for an exceptional piece of exploration geoscience and look forward to the upcoming drilling, further re-assaying, and the next success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Global Lithium Resources Kicks Off Exploration Season

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) will be eager to discuss its upcoming large-scale exploration activities to be conducted across the company’s two 100 per cent-owned lithium projects in Western Australia at next week’s RIU Sydney Resources Roundup.

At the Manna lithium project, Global Lithium will carry out reverse circulation (RC) and diamond drilling (DD) programs with the aim of extending the large, high grade lithium bearing pegmatites of the Manna deposit.

The company has already completed a range of activities, including a Light Detection and Ranging (LIDAR) and high-resolution Aerial Photography program; a close spaced, gravity survey, from which data processing and interpretation is underway; a project wide VTEM survey, again with data processing and interpretation underway; and a multi-element soil sampling program across the extended tenement holding with assays yet to be received.

The Marble Bar lithium project is to be subjected to a RC drilling program to test Corridor 2 lithium targets.

An IP Survey is planned across the Twin Veins target to highlight potential chargeability anomalies and further RC drilling will test gold and base metal geochemical anomalies located at the Twin Veins targets and any identified chargeability anomalies.

“The company is well placed to make further significant discoveries within its large tenement holding at both of its 100 per cent-owned lithium projects,” Global Lithium Resources general manager geology Stuart Peterson claimed in the company’s ASX announcement.

“The Manna project has demonstrated to be a very productive system with the large 32.7 million tonnes at one per cent lithium oxide deposit that was proven up late last year.

“Importantly, Manna still shows plenty of scope to extend this deposit along strike with this year’s exploration program.

“The additional technical programs and surveys should provide further Greenfields targets.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Meeka Metals Reports Initial High-Grade Oxide Mineral Resource at St Anne’s

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THE DRILL SERGEANT: Meeka Metals (ASX: MEK) has reported an initial open pit constrained Mineral Resource for the St Anne’s deposit, part of the company’s 100 per cent-owned Murchison gold project in the lead up to the RIU Resources Roundup in Sydney next week.

Meeka Metals has taken the Mineral Resource Estimate (MRE) for the Murchison gold project to 12.7 million tonnes at three grams per tonne gold for 1.215 million ounces on the back of the newly reported initial open pit constrained oxide Mineral Resource of 270,000 tonnes at 2.8g/t gold for 25,000 ounces.

The company describes St Anne’s as a shallow, high-grade deposit with no prior mining where it has reported initial MRE from surface to a depth of approx. 90m.

The deposit has a strike length of 550m and remains open to the south and at depth presenting potential for an underground Mineral Resource to be reported below the open pit with further drilling.

“Over the 6 months to December 2022, drilling identified shallow, high-grade oxide gold at St Anne’s and we quickly moved to determine a high-confidence Indicated Mineral Resource,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“This decision was strategic, given we knew shallow high-grade oxide material would be a valuable addition to our upcoming Pre-feasibility Study.

“The open pit optimisation constraining the Mineral Resource reflects current mining costs and provides immediate input into our Pre-feasibility Study.

“This approach ensures a conservative and valuable addition to our Mineral Resource is reported for St Anne’s.

“St Anne’s remains open to the south and at depth, and it is likely that with further drilling an underground Mineral Resource will be reported.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meteoric Resources Releases Caldeira REE Project Maiden Mineral Resource

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THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) reported its maiden Mineral Resource Estimate (MRE) for the company’s Caldeira REE project in Minas Gerais Brazil.

Meteoric Resources delivered the MRE at a 1000ppm TREO cut-off at 409 million tonnes at 2,626ppm total rare earth oxide (TREO) and contains Magnet REO grades of 631ppm comprising 24 per cent of TREO.

The company explained the MRE comes from just 24 per cent of the Caldeira REE project area, and only 20 per cent of the combined area in the company’s proposed acquisition it announced in late April.

An expanded diamond drilling program is currently testing depth extensions of the clay zone below the maiden resource model.

“What a beautiful set of numbers, this is indeed a world class, Tier 1 project,” Meteoric Resources executive chairman Dr Andrew Tunks said in the company’s ASX announcement.

“Since first encountering the Caldeira REE project in October 2022, we have come a long way in our understanding of the geology and the distribution of rare earth mineralisation within the clay zone of the regolith profile.

“Our maiden Mineral Resource Estimate marks another major milestone for Meteoric Resources and a crucial component of our plans to develop this project.

“There are several key take aways from today’s MRE announcement: First is the enormous size of the resource.

“Over four hundred million tonnes have been defined in our maiden resource, yet less than twenty percent of the holding has been drilled with an average hole depth of 6.9 metres and 85 per cent of holes terminating in grades above 1,000ppm TREO.

“The second key point to note is the remarkable grade, for a true IONIC Clay Rare Earth project, the high-grade resource above a cut off 3,000ppm equates to 115 million tonnes at a grade of 4,072ppm TRE.

“This is literally off the charts and makes this the highest-grade deposit yet discovered globally.

“A quick analysis of the grade tonnage curve and block-model maps and sections will show that within drilled areas there are several large ultra high-grade zones.

“These zones of exceptional TREO grades are the immediate focus of our exploration and development teams.

“We will soon commence a 100,000 metres drilling program, designed to convert portions of todays inferred resource into higher confidence categories of Measured and Indicated Resources.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Green Technology Metals Encounters High-Grade Lithium at Root Bay

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) reported lithium assay results from the Root Bay and Morrison prospects within the company’s 100 per cent-owned Root project, located just to the west of its Seymour project in Ontario, Canada.

Green Technology Metals said the drilling at the Root Bay prospect is revealing a multiple, shallow-dipping LCT pegmatite system up to 18m thick, encountering lithium grades up to 1.73 per cent lithium oxide (Li2O).

Highlights from a further 13 diamond holes have been received, returning results that include:

RB-23-088
17.8 metres at 1.73 per cent Li2O from 99.4m;

RB-23-085
16.0m at 1.58 per cent Li2O from 181.4m; and

RB-23-091
14.3m at 1.52 per cent Li2O from 33.1m.

The company completed Phase 2 diamond drilling at Morrison, receiving assays from a further 15 diamond holes with highlights including:

RB-23-347
7.63m at 1.64 per cent Li2O from 81m;

RB-23-362
5.46m at 1.21 per cent Li2O from 44m; and

RB-23-366
7.58m at 0.72 per cent Li2O from 94m including 3.0m at 1.64 per cent Li2O from 95m.

Green Technology Metals indicated a large-scale field exploration program consisting of prospecting, mapping and sampling is about to commence over the Root project to identify additional new drill targets.

“We are very pleased with the pegmatite intercepts and high-grade lithium results received from Root Bay and are eagerly awaiting further assay results to determine the size of the potential maiden resource at the Root Bay prospect,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“Our drilling and exploration focus is now centred on the 20 kilometres long Root Bay lithium corridor, and we are excited to be undertaking extensive exploration activities over this highly prospective area to add to our current 14.4 million tonnes JORC Resource base.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Increases HMW Project Resources

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced a further consolidating increase to the JORC 2012-compliant reported Mineral Resource estimate for the company’s Hombre Muerto West project (HMW Project) located in Catamarca Province, Argentina.

This is Galan’s fourth upgrade for the project that has again increased the global JORC Resource inventory as well as elevating the JORC Resource category and confidence in the HMW Resource inventory.

The company said the latest resource upgrade enhanced its objective to achieve the conditions necessary to commence construction and commercial production at HMW in the shortest practical timeframe.

The HMW Measured Mineral Resource now exceeds 4.7 million tonnes of contained lithium carbonate equivalent (LCE) product grading 873mg/L lithium.

The total HMW Mineral Resource (Measured + Indicated + Inferred) has increased by approximately 14 per cent to now sit at over 6.6 million tonnes of contained LCE grading at 880mg/L lithium.

“This latest increase in the high grade, low impurity HMW Resource highlights the potential enormity of the brine resource that sits within Galan’s 100 per cent owned tenements in Argentina,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We have continued to acquire tenements and continued to drill holes since our maiden resource was announced at HMW.

“The initial HMW resource in March 2020 was 1.08 million tonnes at 946Mg/L lithium.

“This now sits at a world class size of 6.6 million tonnes contained LCE at 880mg/l lithium.

“Coupled with our Candelas resource, Galan has a very solid foundation, and more importantly confidence, that its Hombre Muerto Salar resources fully support its four-stage lithium production target of up to 60,000 tonnes per annum LCE.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Drills High-Grade Rothschild Gold Extension

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported assay results from the first four holes drilled at the Rothschild prospect, part of an ongoing Reverse Circulation (RC) drilling program at the company’s Fields Find project in the Murchison province of Western Australia.

Warriedar Resources recently completed the Rothschild drilling program that was designed to test the scale potential of the existing deposit including depth extensions, repeat parallel lodes and satellite lodes.

The company said results demonstrate the targeted depth extension to this deposit with multiple parallel lodes and evidence that the high-grade core is potentially sustained with depth.

Key returned intervals include:

BRRC081
11 metres at 3.39 grams per tonne gold from 197m;

BRRC078
9m at 1.85g/t gold from 150m; and

BRRC079
10m at 1.63g/t gold from 202m, including 3m at 3.12g/t gold.

“The Rothschild prospect was selected as the first area to drill within the Fields Find project given that the existing deposit lies on a Mining Lease and the historic drilling data demonstrated gold mineralisation extending along strike for up to one kilometre,” Warriedar Resources explained in its ASX announcement.

“The high-grade core of the mineralisation also appeared to remain open both at depth and along strike.

“This drilling…represents the first major exploration program to explore for primary gold mineralisation at Rothschild in over seven years.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE