Black Cat Syndicate Continues High-Grade Gabbro Veins Growth

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8”) released more positive drilling results from underground diamond drilling at the company’s 100 per cent-owned Paulsens gold operation in Western Australia.

Black Cat Syndicate rates Paulsens underground as one of Australia’s highest grade gold deposits with a current JORC 2012 Mineral Resource 258,000 ounces at 10.8 grams per tonne gold (56% Measured & Indicated).

The company declared its ongoing extensional drilling, targeting the Gabbro Veins in the mid-levels of the mine, continues to demonstrate the Resource growth potential for the Gabbro Veins, which boast a current Resource of 86,000 ounces gold at 11.9g/t gold.

New assays from intersects encountered outside the current Resource include:

PGRD23074
0.37 metres at 16.5 grams per tonne gold from 157.61m and 2.1m at 2.31g/t gold from 187.07m (outside current Resource); and

PGRD23075
0.58m at 20.83g/t gold from 156.07m and 1.77m at 5.89g/t gold from 161.32m ( outside current Resource).

“The ongoing results coming out of the Gabbro Veins drilling is strong validation of our thesis that they represent both a significant gold Resource and a potential new mining area for the Paulsens gold operation,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The most recent results are all extensional to the current Paulsens Resource and will be included in the update to be completed in May 2023.

“Engineering activities are also in full swing as we ready the site for a potential restart decision in the middle of the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

E79 Gold Mines Reveals More Target 3 Targets

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) recently completed a geophysical program at Target 3 within the company’s Laverton South gold project in Western Australia.

E79 Gold Mines reported the results from the program demonstrated new exploration drill targets with a potential northern extension and southern offset to the prospective granite that hosts the Target 3 gold system.

The company has commenced an air-core drill program to test the potential southern extension.

A RC rig is expected on-site next week to test for high-grade shoots along the granite contact at depth, to evaluate the potential for Granny Smith-style mineralisation at Laverton South.

“Gravity surveys are a great tool for early exploration, with the ability to dramatically reduce your search radius and make exploration drilling more focused and effective,” E79 Gold Mines CEO Ned Summerhayes said in the company’s ASX announcement.

“The recently completed gravity survey over Target 3 has identified the main prospective granite – where drilling has intersected multiple plus-one gram per tonne hits – as well as a possible extension to the north and a possible offset to the south.

“Increasing the exploration area for the prospective granite contact is a high priority and will lead to more focused exploration drilling.

“The current air-core drill program will test the potential southern offset, and deeper RC drilling is set to begin next week at Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Releases Initial High-Grade Gold Resource at Metzke’s Find

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) released an initial Mineral Resource Estimate for the Metzke’s Find gold deposit within the company’s Central Yilgarn project located in the Yilgarn Craton of Western Australia.

Metzke’s Find is located around 200 kilometres from Kalgoorlie where gold was discovered and worked in the early 1900s.

Dreadnought acquired the project in 2020, since when it has completed RC and diamond drilling to delineate the Resource.

The drilling targeted historic workings and anomalous results from sparse historic drilling.

The MRE has come in at 68,400 tonnes at 6.8 grams per tonne gold for 14,900 ounces of gold.

This contains an Indicated Resource of 45,500 tonnes at 7.3g/t gold for 10,700 ounces and an Inferred Resources of 22,900 tonnes at 5.8g/t gold for 4,200 ounces of gold.

“The initial shallow and high-grade Resource over Metzke’s Find is a solid foundation for future discoveries and growth within the widely unexplored Central Yilgarn project,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“This represents the first ever Resource declared over any part of the Central Yilgarn project which covers four greenstone belts.

“We continue to view Central Yilgarn as having significant potential for gold and nickel which will be progressed in the background while we continue to focus on rare earths at Mangaroon.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Ioneer Increases South Basin Mineral Resource at Rhyolite Ridge

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THE DRILL SERGEANT: Ioneer (ASX: INR) reported an updated Mineral Resource estimate for the South Basin at the company’s Rhyolite Ridge lithium-boron project located in Nevada, USA.

The updated South Basin Mineral Resource estimate comprises:

• Tonnage increase from 146.5 million tonnes to 360 million tonnes (up 145%)
• Lithium carbonate equivalent (LCE) increase from 1.2 million tonnes to 3.4 million tonnes (up 168%)
• Boric acid equivalent (BAE) increase from 11.9 million tonnes to 14.1 million tonnes (up 18%)
• Cut-off grades unchanged at 1,090ppm lithium and 5,000ppm boron.

Approximately 80 per cent of the Mineral Resource is classified as Measured and Indicated.

Approximately 44 per cent of the Mineral Resource is classified as high-boron lithium mineralisation (HiB-Li) and 56 per cent as low-boron lithium mineralisation (LoB-Li).

“To date, we have focussed heavily on progressing our development plan for Rhyolite Ridge,” Ioneer managing director Bernard Rowe said in the company’s ASX announcement.

“With binding offtakes in place, debt and equity commitments of nearly US$1.2 billion and the project in the final stage of permitting, we can now begin demonstrating the broader scale potential at Rhyolite Ridge.

“The updated Mineral Resource base for the South Basin is a fantastic start and we look forward to building on this further with significant growth potential through South Basin extensions as well as increased exploration efforts on the mineralised and much larger North Basin.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Thor Energy Review Highlights High-Grade Rare Earths at Alford East

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THE DRILL SERGEANT: Thor Energy (ASX: THR) has uncovered rare earth element (REE) drill results from a review of the previously announced 2021 copper and gold drilling at the company’s Alford East project in South Australia.

Thor Energy completed a REE review that has revealed eight out of nine of the 2021 diamond drill holes intersected wide zones of highly enriched REEs in kaolin altered, copper rich oxide zones of IOCG style mineralisation.

The company explained the mineralisation is open over an approx. five kilometres trend due there having not been REE assays carried out on historical drilling at Alford East, to the best of its knowledge.

REE drill intercepts (>500ppm TREO) from the review include:

21AED005
36.7 metres at 1568ppm (0.16%) total rare earth oxide (TREO) and 1.2 per cent copper from 6.3m, including 11.8m at 2095 ppm (0.21%) TREO and 1.2 per cent copper from 10m, and 11m at 2088ppm (0.21%) TREO and 0.8 per cent copper from 47m, Including 2m at 5042ppm (0.5%) TREO from 47m;

21AED002
11.6m at 1699ppm (0.17%) TREO and 0.26 per cent copper from 30.4m including 6.1m at 2262ppm (0.22%) TREO from 34m; and

21AED001
16.8m at 1721ppm (0.17%) TREO and 0.5 per cent copper from 91.4m.

Buoyed by the results, Thor now has a full geochemical review of the historic drilling underway to access the lateral extent of the REE potential within the Alford Copper Belt, to generate drill targets and to fully assess the economic potential of this discovery.

“I am absolutely delighted to report these thick zones of shallow, high-grade REE intercepts, found to be associated with oxide copper-gold mineralisation at the Alford East project,” Thor Energy managing director Nicole Galloway Warland said in the company’s ASX announcement.

“This batch of results compares very favourably in terms of depth, thickness and grade to its peer group in the fledgling Australian REE sector.

“Importantly, this discovery has significant potential to be a large deposit based on the approx. five kilometres lateral extent of the north-south trending, structurally controlled troughs hosting IOCG mineralisation.

“It is promising that aside from the nine 2021 diamond drill holes reported today, none of the other historic drilling at Alford East is known to have ever been assayed for REE content.

“Priority drill program design is underway in conjunction with detailed geochemical reviews of the historic drilling, along with further studies on the nature of the REE mineralisation encountered to date.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Forrestania Resources Encounters High-Grade Lithium at the Giant Pegmatite

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THE DRILL SERGEANT: Forrestania Resources (ASX: FRS) reported assay results the latest lithium targeted RC drilling program completed at the company’s Forrestania project in the southern Yilgarn region of Western Australia.

Forrestania Resources completed five drill holes at the Giant pegmatite to determine the extent of a mineralised pegmatite intersected by historic drilling.

Drill hole FGIR0004 where pegmatite was logged from 73 – 84m, returned:

10 metres at 1.49 lithium oxide (Li2O) from 74m, including 2m at 2.64 per cent Li2O from 75m.

Drill hole FGIR0002 where pegmatite was logged from 45 – 49m, returned a tantalum intercept of:

4m at 1,106ppm tantalum (and 3m at 0.1% Li2O), from 45m, including 1m at 2,870ppm tantalum.

Forrestania noted this to be above the typical ore-grade tantalum range of 100 – 400ppm.

The company highlighted there being an untested section in between the two drilling areas where it has interpreted a dolerite dyke to occur based on regional geophysics.

This, it stressed however, is not at all constrained or validated by available drilling data, and Forrestania is excited about plans to drill test the area.

“These latest positive results confirm the potential for significant new discoveries at our Forrestania project,” Forrestania Resources managing director Michael Anderson said in the company’s ASX announcement.

“It’s always exciting to drill high-grade intersections and we are confident there is potential for more at Giant, and indeed elsewhere, as we continue to systematically test our high priority anomalies and targets.

“We certainly have plenty more to do to ensure that we do justice to the demonstrable prospectivity at Forrestania, and it is obvious to me after only a few weeks in the role that our team is well equipped to do that.

“We look forward to keeping shareholders informed as work progresses.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Identifies New Nickel/Gold Targets

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has generated new drill targets having completed a multi-target air-core drill program across the company’s Spargoville project near Kambalda in Western Australia.

Maximus Resources reported the drilling revealed elevated nickel, copper and platinum group metals within the regolith it considers strongly associated with Kambalda-type nickel sulphide deposits.

The company said multiple nickel targets were identified for follow-up drilling.

Highlights include:

Central – Nickel
CTAC060
20m a 0.32 per cent nickel, 139ppm copper, 22ppb PGE from 0m, including 4m a 0.44 per cent nickel, 76ppm copper, 23ppb PGE from 12m;

Hilditch West – Nickel
HWAC001
16m a 0.32 per cent nickel, 178ppm copper, 30ppb PGE from 20m, including 4m a 0.41 per cent nickel, 134ppm copper, 30ppb PGE from 28m; and

Kemble – Nickel
KBAC028
27m a 0.29 per cent nickel, 88ppm copper, 21ppb PGE from 8m.

“In addition to the success in defining a fertile nickel-sulphide komatiite channel at the Misho nickel prospect, the complete multi-target low-cost air-core drill program has delineated additional gold and nickel targets at Central, Hilditch and Kemble,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“These early-stage air-core drill programs provided vital geochemistry to vector-in on prospective targets for follow-up RC drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Thor Energy Drills Positive Vanadium Assay Results at Wedding Uranium Project

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THE DRILL SERGEANT: Thor Energy (ASX: THR) reported recent drilling results from the company’s 100 per cent-owned Wedding Bell and Radium Mountain uranium and vanadium projects in the Uravan Mineral Belt, Colorado, USA.

Thor Energy said the assay results had validated previous downhole gamma readings the company had recorded for uranium as well as confirming broader enriched vanadium mineralisation.

Vanadium assay results included:

Groundhog
22WB012A
1.5 metres at 2660ppm (0.27%) vanadium pentoxide (V2O5) from 83.8m; and

22WB012
3m at 1640ppm (0.16%) V2O5 from 83.8m.

Rim Rock
22WB014
1.5m at 1776ppm (0.18%) V2O5 from 59.4m

Section 23
22WB011
1.5m at 1026ppm (0.10%) V2O5 from 83.8m

Thor Energy indicated it will commence close-spaced airborne magnetics and a radiometric survey over all three projects, once the ground conditions are suitably dry.

“We are pleased to receive these very encouraging vanadium assay results for the selection of physical samples sent for analysis,” Thor Energy managing director Nicole Galloway Warland said in the company’s ASX announcement.

“The assay results confirm the uranium mineralisation determined by downhole gamma and highlight broader enriched vanadium haloes of up to 0.27 per cent vanadium.

“These vanadium-rich halos are typical of this style of ‘Salt Wash’ sandstone-hosted uranium mineralisation.

“Drill permitting is underway for our next round of drilling at Wedding Bell, and initial drilling at Vanadium King, Utah, following the airborne geophysical survey.

“A close-spaced airborne radiometric and magnetics survey is planned over all three projects area once the conditions are suitably dry given there is still a small amount of snow and water at present on the ground.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

E79 Gold Mines Commences New Round of Laverton South Drilling

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) informed the market this morning that has commenced “Big Drill Programs” at the company’s Laverton South gold in the North Murchison region of Western Australia.

E79 Gold Mines explained the drilling is to take place on its Pinjin tenements, specifically targeting the Target 3 and Target 4 exploration areas.

The company considers these to be early-stage exploration targets with drilling to date showing gold anomalism along defined trends.

A RC drill rig is due to arrive onsite in the coming week to follow up previous drilling at Target 3 to test this potential high-grade position.

An AC drill rig will drill test extensions to the Target 3 gold system to the south and to test the granite greenstone contact to the north of the previous RC drilling.

The AC drill rig will also test prospective areas of Target 4, identified from the previous program, which identified gold anomalism in fresh rock.

“We are implementing an aggressive exploration program to accelerate our potential to make material discoveries within our projects,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“We will resume the aircore rig and the RC rig, when it arrives, to further define gold mineralisation at Target 3, which is currently identified as 2,600 metres long and 200 metres deep and open in all directions.

“The Target 3 system hosts gold in mineralised pods, along the eastern side of a granite/greenstone contact, within a larger anomalous zone.

“While the aircore rig will test for extensions to the gold mineralised granite/greenstone contact, the RC drilling will target the interpreted high-grade zones based on the Granny Smith model where better gold grades are in areas of flattened contact.

“The aircore rig will also test prospective areas of Target 4, where gold anomalism is hosted within a 30 kilometres long regional gold trend.”

 

 

Miramar Resources Wins EIS Lottery to Drill Whaleshark

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has received a yes from the Western Australian Government’s Co-Funded Exploration Drilling Program “Exploration Incentive Scheme” (EIS).

Miramar Resources applied for co-funding of diamond drilling to be undertaken at the company’s 100 per cent-owned Whaleshark IOCG project in the Ashburton region of Western Australia.

To that end the company has picked up a handy $180,000 that it will put towards direct drilling costs, including mobilisation charges, subject to signing of a Funding Agreement.

Miramar explained the co-funded diamond drilling program will test a coincident gravity and aircore geochemical anomaly within a Proterozoic granite and Banded Iron Formation complex under sediments of the Northern Carnarvon Basin.

“The Whaleshark project presents a unique opportunity for discovery of a large IOCG deposit under cover and within the relatively under-explored Capricorn Orogen of Western Australia,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The discovery of a large IOCG deposit at Whaleshark could have a significant impact on exploration activities across the wider Gascoyne mineral province, similar to the discovery of the giant Olympic Dam deposit in the 1970s and the Prominent Hill and Carrapateena IOCG discoveries in the 2000s.

“We are very excited to be drill testing this highly prospective target and it is fantastic to have the support of the Western Australian Government.”

Miramar indicated it is now preparing for completion of heritage surveys over the proposed drill sites and, in line with the terms of the EIS funding, the co-funded diamond drilling will commence in June.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE