Charger Metals Provides Drilling Update for Medcalf Spodumene Discovery

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) will have something to talk about at the RIU Explorers Conference next week, after reporting encounters with further encouraging spodumene pegmatites at the Medcalf spodumene discovery, within the company’s Lake Johnston lithium project in Western Australia.

Charger Metals kicked off Reverse Circulation (RC) drilling in December 2022 that was resumed in January 2023, with 40 holes in total planned.

At this stage, Charger anticipates assay results by the end of February.

Until then the company has been able to report spodumene-pegmatites were intersected on each of the four sections it has drilled to date.

Individual units, up to 13 metres in width (allowing up to 2m of contiguous internal waste), have a strike direction of north-west – south-east and dip towards the south-west.

Thicker pegmatites are recorded on the north-western-most drill section indicating a possible north-westerly plunge to the mineralisation.

“Charger’s drilling program at the Medcalf spodumene discovery got off to a very promising start in late 2022, with numerous spodumene-bearing pegmatites intersected,” Charger Metals managing director David Crook said in the company’s ASX announcement.

“As the program advances, similar sheeted pegmatites continue to be intersected within a 100 metres-wide structural zone as drilling progresses to the northwest, and also at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat Syndicate Drills Down on Paulsens Gabbro Veins

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released a further update on the progress of underground diamond drilling along the Gabbro Veins at the company’s Paulsens gold operation in Western Australia.

In the lead up to the RIU Explorers Conference next week, Black Cat Syndicate reported assays from an additional 10 diamond holes that it claims has continued to confirm the Gabbro Veins as containing high-grade, vein swarms that are a readily accessible, near-term mining opportunity.

Recent results include:

22PGRD001
3.42 metres at 16.21 grams per tonne gold from 69.7m, including 0.22m at 80.6g/t gold from 72.9m; and

22PGRD002
0.55m at 67.2g/t gold from 47.63m and 0.33m at 21.7g/t gold from 54.42m and 0.51m at 29.86g/t gold from 69.15m and 0.39m at 10.2g/t gold from 103.73m.

“The latest results from the Gabbro Veins continue to highlight their significant future mining potential and further validate Black Cat’s new geology model,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The Gabbro Veins are located adjacent to infrastructure and represent a potential new start-up mining area at Paulsens.

“With a second rig commencing this month our drilling activities will increase and expedite additional discovery and Resource growth.

“Our recent placement of $17 million will not only help us to fast-track our drilling but will support activities required to inform a decision to restart production at Paulsens, which is targeted for mid-2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Caprice Resources Drilling at Northampton

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) has commenced drilling at the company’s Northampton polymetallic project, located in the Northampton Mineral Field of Western Australia.

Caprice Resources has kicked off a RC drilling program on the Lady Sampson target.

This is the first RC drilling at the project by Caprice since 2020, which it carried out close to the Wheal Fortune Mine near the town of Northampton, returning outstanding results of 31 metres at 1.1 per cent copper, 2 per cent lead and 9 grams per tonne silver, including 3m at 3.8 per cent copper, 3.8 per cent lead and 3g/t silver.

The company explained the new program will test north-south oriented base metals mineralisation on the historical Lady Sampson workings.

The hole locations have been guided by historical costeaning, which identified copper and lead rich zones.

“We are very excited to finally be testing Lady Sampson following delays in permitting,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“This will be a major milestone as this part of the Northampton project has never been drilled before, even though there is evidence of historical base metals mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Scores Top-notch Drilling Results at Burke Graphite

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported assay results from Reverse Circulation (RC) drilling undertaken on the company’s 100 per cent-owned Burke graphite project in Queensland.

Lithium Energy claimed the drilling had confirmed the Burke graphite project as one of the highest-grade graphite deposits globally.

The company’s enthusiasm stems from first assay results received from seven RC holes that include multiple outstanding (composite) intercepts of graphite in excess of 20 per cent total graphitic carbon (TGC).

High-grade intercepts of graphite include:

BGRC021
48 metres at 21.9 per cent TGC from 45m;

BGRC017
43m at 21.6 per cent TGC from 69m; and

BGRC016
30m at 23.3 per cent TGC from 84m.

“These grades are exceptionally high when compared with most other known graphite deposits globally,” Lithium Energy said in its ASX announcement.

Lithium Energy pointed out that that previous CSIRO testwork has confirmed Burke graphite to be suitable for use in lithium-ion batteries.

Lithium Energy is planning to commence Engineering Studies shortly to assess the viability of establishing a Purified Spherical Graphite (PSG) anode manufacturing facility in Australia using the Burke graphite as feedstock material.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Releases Exploration Target Highlighting Gidji JV Gold Potential

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has presented an initial gold Exploration Target at the company’s 80 per cent-owned Gidji Joint Venture project in the Eastern Goldfields of Western Australia.

Miramar Resources has estimated an initial shallow gold Exploration Target of 1.3 to 3.1 million tonnes, at a grade of 1.2 – 1.5 grams per tonne gold for the project’s Marylebone target.

The company explained the Exploration Target was estimated from aircore, RC and diamond drilling Miramar has conducted since commencing exploration at Gidji in late 2020 and is currently restricted to the shallow supergene and/or alluvial gold mineralisation encountered within the Marylebone target.

Miramar believes this initial Exploration Target underscores the large gold endowment potential of the Gidji JV project.

“Our primary aim at Gidji is to discover one or more large bedrock gold deposits, similar to the large Paddington deposit, immediately north of our project,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“After our first aircore drilling campaigns at Gidji, we recognised that there could also be significant shallow supergene and/or alluvial gold mineralisation which could potentially be developed in the short term, given the proximity to the Goldfields Highway and various gold processing operations.

“The amount of shallow supergene and/or alluvial gold discovered to date, along with multiple other targets, also implies a significant bedrock source nearby which is yet to be discovered.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

AuTECO Minerals Completes $9M Placement to Fast-Track Regional Exploration

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THE DRILL SERGEANT: AuTECO Minerals (ASX: AUT) has received firm commitments from institutional, sophisticated and professional investors to raise approximately $9 million.

The cash arrives through a placement of 180 million fully paid ordinary shares at an issue price of five cents.

Proceeds will be spent to fast-track seasonal exploration work focused on targeting new discoveries at the company’ Pickle Crow gold project in Ontario, Canada.

The Pickle Crow gold project currently hosts a JORC 2012 Inferred Mineral Resource of 2.23 million ounces at 7.8 grams per tonne gold, with a 50,000 metres drilling program underway to advance growth.

“Funds from the Placement will enable us to fast-track regional exploration work during the winter drill season, in addition to further increasing the size and quality of our existing 2.2 million ounces at 7.8 grams per tonne gold inferred resource at Pickle Crow,”AuTECO Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“The quality of the institutions attracted signals the market’s confidence in our dual strategy of growing the high-grade gold resource in the shadow of the mine’s historic headframe, while also drilling our 500 square kilometres of exploration claims to test the scale of the system.

“The regional exploration potential is immense, and we are just starting to unlock the discovery potential geologically.

“The significant interest in the Placement, which was well supported, also reflects the work delivered to date at Pickle Crow, which has demonstrated the potential to significantly grow resources in the short-term and long-term.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Legend Mining Delivers Maiden Mineral Resource Estimate for Mawson

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THE DRILL SERGEANT: Legend Mining (ASX: LEG) announced a maiden Mineral Resource Estimate (MRE) for the Mawson deposit within the company’s Rockford project in the Fraser Range of Western Australia.

The MRE has come in at 1.45 Million tonnes at 1.14 per cent nickel, 0.74 per cent copper, and 0.07 per cent cobalt (1.2% nickel equivalent (NiEq)) for 28,200 tonnes contained metal (16,500t nickel, 10,600t copper, 1,100t cobalt).

The MRE consists of an Indicated Estimate of 0.86 million tonnes at 1.41 NiEq for 11,500 tonnes nickel, 7,600 tonnes copper and 700 tonnes cobalt.

The Inferred category has come in at 0.59 million tonnes at 0.9 per cent NiEq for 5,000tonnes nickel, 3,100 tonnes copper, and 400 tonnes cobalt.

“The rationale to publish this resource at Mawson was to quantify the success of our exploration efforts to date and to establish a base upon which we can continue to build a resource inventory at our Rockford project,” Legend Mining managing director Mark Wilson said in the company’s ASX announcement.

“This is the third published nickel resource in the Fraser Range, demonstrating that this under explored nickel belt has the potential to host further accumulations of nickel-copper sulphide.

“Our ongoing systematic exploration efforts will look to discover more of these accumulations across Rockford.

“We are looking forward to receipt of the Octagonal 3D seismic model and the reprocessed model for Mawson as a basis to plan diamond drilling for the upcoming field season as set out in our December 2022 Quarterly Report.

“Meanwhile, the regional aircore drilling and innovative high power EM surveys are ongoing.”

 

 

 

Killi Resources Identifies Yttrium-REE anomaly at West Tanami Project

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THE DRILL SERGEANT: Killi Resources (ASX: KLI) reported elevated yttrium values from a soil program, claiming they indicate close proximity to a rare earth mineral system at the company’s West Tanami project in the Kimberley region of Western Australia.

Killi Resources completed a broad soil program across regional trends it considers potentially prospective for hydrothermal rare earth element systems.

The company interpreted the results of the soil program to have established multiple anomalous yttrium values at the Fox prospect, which it believes is indicative of a rare-earth mineral system at the prospect.

“The results indicate the potential for a heavy rare earth system at the Fox prospect,” Killi Resources CEO Kathryn Cutler said in the company’s ASX announcement.

“These are fantastic first pass yttrium results for the project, indicating we are in the right region and we plan to develop and drill test this REE target in the coming field season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Elementos Hits More Tin with Final Oropesa Infill Drilling Assay

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THE DRILL SERGEANT: Elementos (ASX: ELT) has hit further tin mineralisation zones at the company’s Oropesa tin project in Spain.

Elementos made the call after receiving assay results from the final infill drill hole from its 2022 Mineral Resource upgrade drilling program that was undertaken to upgrade the remaining Inferred Mineral Resources that sit within the 2022 Optimisation Study US$30,000/t pit shell.

Drill hole ADD_33 returned three noteworthy zones of tin mineralisation.

11.2 metres at 0.51 per cent tin & 1.37 per cent zinc from 86.2m;
4.6m at 0.34 per cent tin & 0.15 per cent zinc from 119.3m; and
20.2m at 0.18 per cent tin & 0.07 per cent zinc from 131.4m.

The company declared the final assay result as a positive end to a drilling program that had increased its understanding and level of confidence of the Oropesa Mineral Resource.

“Our geological team is well underway with updating and modelling this part of the Mineral Resource, with the aim of upgrading the targeted Inferred tonnes that reside within the 2022 Optimisation Study US$30,000 per tonne pit shell to the Indicated classification,” Elementos managing director Joe David said in the company’s ASX announcement.

“This would result in all tonnes within the pit shell being available for assessment when modifying the Mineral Resource (during the Feasibility Study) to JORC Ore Reserves.

“Our goal is to have the upgraded Oropesa tin project Mineral Resource Estimate released to the market during February, and the DFS completed before mid-year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Lithium Energy Encounters Further Conductive Brines at Solaroz

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THE DRILL SERGENT: Lithium Energy (ASX: LEL) announced an encounter with new intersections of conductive brines at the company’s Solaroz lithium brine project in Argentina.

Lithium Energy said reported intersections of highly conductive brines have been encountered at depth in both current diamond drill holes SOZDD002 and SOZDD003 in the northern central section of the Salar de Olaroz basin (Olaroz Salar).

Drillhole SOZDD002 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107 metres in the upper aquifer, from a depth of 186 to 293m;

▪ Drilling has now advanced into fractured shales from a depth of 293m (to a current depth of 438m), with highly conductive brines continuing to be encountered at depth as drilling progresses.

Drillhole SOZDD003 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107m in the upper aquifer, from a depth of 176 to 283m.

▪ Following drilling through a massive halite (salt unit) layer, the targeted Deep Sands Unit (lower aquifer) has been reached with highly conductive brines having now also been intersected over an interval (to date) of approx. 57m from a depth of 500m to the current hole depth of 557m with highly conductive brines continuing to be encountered at depth as drilling progresses.

“Lithium Energy is very encouraged to have encountered more conductive brines in the second and third holes drilled by the company, following the significant lithium discovery already made at its first drillhole at Solaroz,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The thicknesses of the intersections encountered, together with the distance between these two current holes and the maiden lithium discovery made by the company at its first drillhole at the Mario Angel concession provides increasing confidence that extensive occurrences of conductive brines are present at Solaroz.

“The company currently awaits lithium assay results on these second and third holes and on completion of the current initial 10-hole drilling program, the company will move to the establishment of a maiden JORC Resource of lithium at Solaroz.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE