Global Lithium Resources Encounters Positive Drilling at Manna Lithium Project

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported receipt of further assay data from the company’s 100 per cent-owned Manna lithium project, located 100km east of Kalgoorlie in Western Australia.

Results from the latest RC and Diamond results include:

MRC0126
17 metres at 1.6 per cent lithium oxide (Li2O) from 114m;

MRC0108
15m at 1.2 per cent Li2O from 107m;

MRCD0059
9.43m at 1.18 per cent Li2O from 283m; and

MRCD0133
9.41m at 1.68 per cent Li2O from 341m.

The company explained these latest assay results have not been included in the Scoping Study due for completion in Q1 CY23.

They will, however, be added to the current MRE at Manna, to further extend the known size and increase the confidence levels of the classification of the Manna deposit.

Global Lithium’s 2023 exploration program is currently underway to map out the company’s larger tenement area since reaching 100 per cent ownership of the Manna lithium project.

“It gives us great satisfaction to see that the extensive work programs at our Manna lithium deposit continues to deliver excellent results and that the project is clearly emerging as a significant hard rock lithium resource in Western Australia,” Global Lithium Resources general manager exploration Stuart Peterson said in the company’s ASX announcement.

“It was a tremendous team effort for GL1 to achieve such a large resource upgrade in a relatively short timeframe, in addition to having sufficient drilling data to allow the Scoping Study to proceed uninhibited.

“These additional assay results, based on drilling that was undertaken after the mineral resource cut-off point, will provide a significant addition to the overall scale of the MRE as we aim to further increase the indicated classification across the Manna deposit.”

The Manna lithium project currently hosts a Mineral Resource Estimate of 32.7 million tonnes at 1 per cent Li2O.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Recharge Metals Encounters Broad Copper Mineralisation at Brandy Hill South

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THE DRILL SERGEANT: Recharge Metals (ASX: REC) reported drill results from the company’s Brandy Hill South project located within the Archaean Gullewa Greenstone Belt in Western Australia.

Recharge Metals said the assays were the last from an extensive field program completed during 2022 and have encouragingly extended the known limits of the copper mineralisation delineated to date at the Brandy Hill South prospect.

The company said the latest drilling results had identified broad zones of copper mineralisation associated with anomalous silver, molybdenum and tungsten, including:

BHRCD027
22.5 metres at 1.02 per cent copper, 6.8 grams per tonne silver, 32ppm molybdenum, 654ppm tungsten from 375.5m, including 7.5m at 1.65 per cent copper, 11g/t silver, 15ppm molybdenum, 929ppm tungsten from 375.50m; and

20.96m at 0.37 per cent copper, 3.2g/t silver, 19ppm molybdenum, 343ppm tungsten from 404.04m.

“Recharge is encouraged by the significant widths of copper mineralisation encountered in this last drill program,” Recharge Metals executive director Felicity Repacholi-Muir said in the company’s ASX announcement.

“The Brandy Hill South prospect has been a hub of activity since listing in October 2021, and in this short space of time we have delineated copper mineralisation over a strike length of 500 metres.

“Recharge has engaged an industry consultant to complete an independent high-level review of Brandy Hill South’s copper potential, which will help guide Recharge’s exploration strategy.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Greenstone Resources Continues High-Grade Gold Hits at Burbanks

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported results from a Phase-1 drill campaign underway at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Greenstone Resources said the results had continued to reaffirm the high-grade nature of Burbanks, while also extending the known mineralised strike horizon by 25 per cent.

The company explained the Phase-1 drill campaign is targeting the unclassified mineralisation supporting its recent JORC (2012) Exploration Target range of 3.3-3.6 million tonnes at 2-2.8 grams per tonne gold for 215,000 – 230,000 ounces of contained gold.

This Exploration Target is separate from the Mineral Resource of 3.4 million tonnes at 2.5g/t gold for 277,547 ounces and does not include over 2km of largely untested strike potential.

Intercepts from the Phase-1 drill campaign include:

BBRC405D
3 metres at 7.28 grams per tonne gold from 131m, including 1m at 19.2g/t gold from 132m;

BBRC377D
3.2m at 4.71g/t gold from 185.8m, including 0.37m at 29.5g/t gold from 185.8m; and

7.8m at 3.01g/t gold from 194.7m, including 1.4m at 8.64g/t gold from 196.6m.

“The current Phase-1 drill campaign continues to exceed our expectations, highlighting the true geological potential of Burbanks,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Following from the recent intercept in BBRC371D of seven metres at 57.84 grams per tonne gold from 90 metres in December, we have not only continued to deliver further high-grade intercepts, but also grow the known mineralised strike horizon by a further 25 per cent.

“The high-grade nature of Burbanks should not be understated, as over the past ten years since 2012 the average open pit grade has declined 16 per cent to 1.29g/t gold, whereas Burbanks has subsequently joined an exclusive list of ASX-listed Australian gold projects with a resource grade greater than 2.5 grams per tonne.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Elementos Commences Exploration Drilling at Oropesa Tin Project

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THE DRILL SERGEANT: Elementos (ASX: ELT) has commenced an eight-hole exploration drilling campaign at the company’s Oropesa tin project in Spain.

Elementos explained the drilling will target additional mineralisation outside the project’s 2021 Mineral Resource Estimate (MRE).

The drilling has been designed based on results from the recent 10-hole infill drilling and a geotechnical drill program in 2022 at Oropesa.

Five shallow diamond drill holes will target potential up-dip and therefore shallower mineralisation towards the southeast margin of the Mineral Resource.

Three diamond drill holes will target potential extensions to tin and zinc mineralisation intersected in one of the earlier geotechnical drill holes from 2022 located northwest of the current Mineral Resource boundary.

Elementos is currently awaiting one batch of assays to finalise an update to the 2021 MRE and support Oropesa’s Definitive Feasibility Study (DFS).

“We are advancing rapidly towards completing the DFS and increasing the confidence of the Mineral Resource Estimate,” Elementos managing director Joe David said in the company’s ASX announcement.

“However, Oropesa remains prospective for additional mineralisation so it’s quite exciting to kick off this exploration drilling program which will test extensions to our current Mineral Resource.

“Additional mineralisation, if intersected, should give our shareholders extra confidence that Oropesa’s Mineral Resource is yet to be fully defined and the possibility that additional mineralisation and therefore mine life may exist outside the known mineralisation.

“Exploration is underway during a time when the tin price is surging, based on what appears to be a return to fundamental supply-demand analysis which shows a significant deficit in the tin market from 2024/2025 onwards.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Increases Mineralised REE Ironstones

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) completed regional surface sampling that has extended the current strike of the Yin Rare Earth Element (REE) Ironstone Complex at the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources reported the surface sampling along the Yin REE Ironstone Complex has increased the mineralised ironstones by approx. 13 kilometres to around 43kms, including the addition of two further ironstone trends (Y9 and Y42).

Latest results include:

From Y42:
MNRK0602
4.68 per cent total rare earth oxide (TREO), 2.25 per cent neodymium (Nd2O3)+ Praseodymium (Pr6O11) (48% NdPr:TREO); and

MNRK0598
5.65 per cent TREO, 2.54 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

From Y9:
MNRK0650
4.05 per cent TREO, 1.01 per cent Nd2O3+Pr6O11 (25% NdPr:TREO); and

MNRK0652
3.77 per cent TREO, 1.09 per cent Nd2O3+Pr6O11 (29% NdPr:TREO)

From Yin:
MNRK0612
5.12 per cent TREO, 2.26 per cent Nd2O3+Pr6O11 (44% NdPr:TREO); and

MNRK0611
1.68 per cent TREO, 0.75 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

Y42 has produced some of the highest NdPr:TREO ratios to date while Y9 greatly expands the scale of the Yin Ironstone Complex being located some 12kms northwest of Yin.

“These results further emphasise the ever-increasing scale of the critical metals at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With only one surface sampling program we have: increased the mineralised ironstones by over 40 per cent; confirmed increasing NdPr:TREO ratios at Yin; discovered two new ironstones at Y9 and Y42; and confirmed that the C7 carbonatite is mineralised.

“With over 43 kilometres of mineralised ironstones, a multi-metal, regional source at C3 and six more potential source carbonatites, we are extremely excited about what the drill rigs will deliver for us in 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Meeka Metals gets REE Mineral Resource Drilling Underway at Circle Valley

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THE DRILL SERGEANT: Meeka Metals (ASX: MEK) has commence infill drilling for rare earths at the company’s 100 per cent-owned Circle Valley project in Western Australia.

Meek Metals reported the 2023 infill program will focus on the north-western zone where high total rare earth oxide (TREO) grades, up to 6,894ppm, are coincident with shallow cover.

The company said the mineralisation at Circle Valley demonstrates a high proportion of the grade, up to around 30 per cent of the TREO grade, as valuable neodymium and praseodymium (NdPr) magnet rare earths.

Meeka indicated it would also be looking to build on the high-grade gold results achieved at Anomaly A.

Delivery of an initial rare earth Mineral Resource is targeted for the June 2023 quarter.

“Results received in 2022 show a shallowing cover profile to the northwest at Circle Valley, corresponding with a +1,000ppm high-grade component of the rare earth mineralisation, rich in NdPr magnet rare earth elements,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“This shallow high-grade mineralisation trends northwest into an undrilled part of Circle Valley, which will be the focus for Mineral Resource drilling now underway.

“Confidence to advance our rare earth projects to the Mineral Resource development stage is bolstered by the positive results from our ongoing metallurgical test program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Kin Mining Continues Growth Potential with Results from Helens East

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THE DRILL SERGEANT: Kin Mining has added further potential to the company’s 100 per cent-owned 1.4 million ounces Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin mining reported assay results from Reverse Circulation (RC) drilling completed towards the end of last year at CGP targeting a new high-grade exploration opportunity along the Eastern Corridor.

The company said the drilling had confirmed the presence of higher-grade, quartz-sulphide lode style mineralisation below and along strike from shallow 35,000 ounces Mineral Resources at Fiona, within an emerging high-grade structure known as the Helens East Fault.

This newly identified quartz-sulphide vein-style mineralisation remains open in all directions along strike and down-dip with the potential for the current one kilometre strike length to extend up to two kilometres with further drilling below a defined gold-in-soil anomaly.

“Our exploration strategy targeting high-grade potential along the Eastern Corridor is rapidly gaining momentum,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest assays build on the strong results reported earlier this month and show that there is an exciting new exploration opportunity based on a high-grade lode style of mineralisation at Cardinia, located below and along strike to some of our existing shallow deposits.

“Confirming the presence and continuity of high-grade mineralised zones opens up an important new avenue for our exploration team to target new, high-grade discoveries within the Eastern Corridor, complementing the shallower, bulk style resources which we have already defined.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

 

 

Aeris Resources Releases Minerals Resource for Golden Plateau

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THE DRILL SERGEANT: Aeris Resources (ASX: AIS) released a maiden JORC 2012 Mineral Resource Estimate (MRE) for the Golden Plateau deposit, located within the company’s 100 per cent-owned Cracow tenement package in Central Queensland.

The MRE for the Golden Plateau deposit has come in at:

620,000 tonnes at 3.1 grams per tonne gold and 15g/t silver for 62,000 ounces of gold metal and 300,000 ounces of silver metal.

The MRE includes an Indicated Resources of:

130,000 tonnes at 3.4g/t gold, 18g/t silver for 14,000 ounces gold and 70,000 ounces silver.

And Inferred Resources of:

490,000 tonnes at 3g/t gold, 15g/t silver for 48,000 ounces gold and 230,000 ounces silver.

The Golden Plateau deposit is located 1km north from Aeris’ Cracow Processing Facility and is situated along a regional northwest trending epithermal quartz vein structure that has been traced along a total strike length of 7km to 10km.

“This maiden Mineral Resource and Exploration Target validates our long-held view that the Golden Plateau deposit has the potential to play an important part in extending the life of our Cracow Operation,” Aeris Resources executive chairman Andre Labuschagne said in the company’s ASX announcement.

“The focus is now on conceptual mining studies to incorporate the deposit into the mine plan and to continue drilling the defined Exploration Target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Zenith Minerals’ Drilling Results Encourage Exercising of Option to Purchase

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THE DRILL SERGEANT: Zenith Minerals (ASX:ZNC) received decision-making gold assay results from the Dulcie Far North prospect, within the company’s Split Rocks gold project, located in the Southern Cross-Forrestania Greenstone Belt of Western Australia.

The drilling, completed over Dulcie Far North late last year, returned gold results of:

SRRC018
12 metres at 6.07 grams per tonne gold from 108m, including 5m at 10.5g/t gold from 113m;

SRRC016
25m at 0.56g/t gold from 69m, including 3m at 2.39g/t gold from 91m; and

SRRC009
5m at 1.49g/t gold from 30m.

Zenith took much encouragement from the Dulcie Far North assay results, so much so the company exercised its Option to Purchase 100 per cent rights, title and interests over Mining Lease 77/1292 off a private syndicate.

Zenith intends to complete a program of infill RC drilling and diamond tails in March to fully gauge the size of the mineralising system ahead of undertaking resource modelling within the first half of 2023.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Latin Resources Confirms Colina West Potential

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THE DRILL SERGEANT: Latin Resources reported on drilling results achived from drilling undertaken last year on the Colina West area at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Latin Resources said assay results received from 2022 diamond drilling confirmed the Colina West prospect represents an exceptional resource growth opportunity.

Over 67m (cumulative) of mineralised lithium pegmatites were intersected in one hole, located approx. 200m along strike to the south of the Colina West discovery hole, returning intersections of:

SADD055
13.73 metres at 1.38 per cent Li2O from 200.19m;
16.08m at 1.07 per cent Li2O from 306.69m;
10.85m at 1.96 per cent Li2O from 322.15m;
11.16m at 1.61 per cent Li2O from 360.17m; and
16m at 1.61 per cent Li2O from 393.6m.

“The Colina West area is shaping up to be a critical new discovery,” Latin Resources geology manager Tony Greenaway said.

“The thick high‐ grade mineralisation we have encountered here is on par with, or arguably better that the main Colina deposit.

“The potential scale of the Colina West discovery, highlighted by these latest results, means that this area is a major focus for our current 2023 drilling campaign.

“We believe, that with more drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE