Mt Malcolm Mines Producing Gold Sales from Golden Crown Bulk Sampling

/in , /by

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) continues to produce gold recoveries of note from the company’s Golden Crown prospect in Western Australia.

The Golden Crown prospect is part of the company’s Malcolm project located near Leonora in WA, a region is known for rich gold deposits and a history of mining operations.

Mt Malcom Mines 2024 drilling programs identified a mineralised corridor measuring 50m in length and 15m in width characterised by high-grade gold mineralisation and visible gold occurrences.

The company has also been undertaking bulk sampling excavation at Golden Crown, resulting in the processing on stockpiles left by previous owners that is now achieving gold recoveries healthy enough to be generating substantial revenue.

In January, Mt Malcom produced 95.54 ounces (2,972g) of doré from the processing of 200 WMT (Wet Metric Tonne) of ultra high-grade material using wet gravity recovery.

Doré sales to The Perth Mint generated $835,462 with gold purity ranging from 85.6 per cent to 94.5 per cent gold.

“The successful completion of the bulk sampling excavation program with no loss time injuries (LTI) at Golden Crown marks a major milestone for Mt Malcolm,” Mt Malcom Mines managing director Trevor Dixon said in the company’s ASX announcement.

“The recovery of gold doré through gravity processing strengthened our confidence in the economic potential of the prospect.

“As processing continues our forward focus will turn to advancing resource estimations, evaluating monetisation options for stockpiled material, and optimising future mining strategies at Golden Crown.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Red Metal Confirms REO Continuity via Infill Drilling at Sybella Discovery

/in , /by

THE DRILL SERGEANT: Red Metal (ASX: RDM) has drilled confirmation that of wide zones of rare earth oxide mineralisation continue at the company’s Sybella rare earth discovery near Mt Isa.

Red Metal received assay results from infill drilling it carried out over the eastern Kary Zone at Sybella, which the company considers could further support the current large Inferred Mineral Resource the company released in October last year.

The assays received returned multiple, long intercepts of Magnet Rare Earth Oxide (MREO) mineralisation (neodymium, praseodymium, dysprosium plus terbium oxides) hosted within the granite intrusion with many starting at surface and ending in mineralisation.

Red Metal declared the total MREO grades and widths from the infill drilling to be consistent with results from previous drilling of adjacent traverses 400 metres to the north and south providing further confidence in the Inferred Mineral Resource.

“Confirming the continuity of the wide zones of higher-grade REO mineralisation at Sybella is an essential step towards realising its potential for bulk tonnage heap leach mining,” Red Metal managing director Rob Rutherford said in the company’s ASX announcement.

“Repeating our positive early-stage metallurgical results with pH optimisation tests on composited samples representative of a larger area is the next key step.

“Results from this work on the Kary Zone are due in the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Brightstar Resources Encounters High-Grade Gold at Jasper Hills

/in , /by

THE DRILL SERGEANT: Brightstar Resources (ASX: BTR) reported results from a program of diamond drilling completed at the Lord Byron deposit, part of the company’s Jasper Hills gold project in the company’s Laverton Hub of Western Australia.

Brightstar Resources conducted the program with the aim to infill deeper zones of the deposit and increase confidence in the geological interpretation prior to a planned update to the Mineral Resource Estimate (MRE).

Highlighted intercepts from the program include:

LBDD24003
20.39 metres at 3.03 grams per tonne gold from 196.53m, including 1.36m at 9.23g/t gold from 198.21m and 2.34m at 7.72g/t gold from 205.53m;

LBRCD24014
22.86m at 1.68g/t gold from 178.24m, including 0.3m at 17.3g/t gold from 179.1m; and

LBRCD24041
23.11m at 1.56g/t gold from 202.12m.

The company declared the results to have outlined consistent high-grade, south-plunging shoots, highlighting targets for potential enlarged pit shells and underground mining scenarios.

Further drilling is planned at Lord Byron, scheduled to commence in the first half of 2025 targeting the high-grade shoots at depth below the base of the conceptual pit design.

“The increased geological understanding, and additional metallurgical and geotechnical data will contribute to updated development studies at our Laverton Hub,” Brightstar Resources managing director Alex Rovira said in the company’s ASX announcement.

“The results highlight wide intervals of open-pit mineable gold grades, including discrete zones of high-grade mineralisation identified near the base of, and below, a A$3,000/oz optimised pit shell generated during the 2024 Scoping Study.

“The outcomes of this program represent a major step forward in demonstrating the deposit’s potential for both high-grade and bulk-tonnage mining opportunities, while reinforcing the opportunities at depth which are compelling targets due to the wide and higher-grade nature of the main lode centred on the Bicentennial Shear Zone.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Lunnon Metals Commences Defiance West EIS Drilling Program

/in , /by

THE DRILL SERGEANT: Lunnon Metals (ASX: LM8) is currently running a diamond drill program at the Defiance West target, a prospect it rates highly within the company’s Kambalda gold and nickel project (KGNP) in Western Australia.

Lunnon Metals received co-funduing for the drilling via the Western Australian Government, Department of Energy, Mines, Industry Regulation and Safety Exploration Incentive Scheme (EIS).

The EIS program will entail two diamond drill holes as an initial test of the Defiance West target, an area of approximately 4km2, that is located in the footwall of the company’s Foster nickel mine.

Lunnon considers its recent results from the Lady Herial and Guiding Star prospects demonstrate an extensive array of gold mineralised structures to be present in the hanging wall of the Foster nickel mine in the same favourable rock types that host the Conqueror and Defiance lodes at Victory.

The Conqueror gold deposit was originally discovered by WMC Resources and is currently located on Gold Fields tenements.

It was part of the Victory-Defiance Leviathan Complex which was mined for over 25 years by both WMC and later Gold Fields.

“Lunnon Metals acknowledges the Western Australian government for its support of this co-funded EIS drill program and we are thrilled to kick it off,” Lunnon Metals managing director Ed Ainscough said in the company’s ASX announcement.

“The Defiance West target area is completely devoid of information in the bedrock at depth.

“The objective is to demonstrate that this area is permissive for gold, as we have done with the suite of exciting results delivered at Lady Herial and now Guiding Star.

“Our tenements at Foster and Baker are surrounded by some of WA’s great gold mines and the opportunity to test our own ground more aggressively is extremely exciting and has the potential to transform the company.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Westar Resources Approved for Drilling to commence at Mindoolah

/in , /by

THE DRILL SERGEANT: Westar Resources (ASX: WSR) will be drilling soon at the company’s Mindoolah gold project near Cue in Western Australia.

Westar Resources has received heritage approvals on the back of a Heritage Survey completed in December last year covering proposed RC drilling at the Mindoolah gold mining centre, part of the Mindoolah gold project.

The company anticipates kicking off RC drilling at the Mindoolah gld mining centre mid-February, after which intends conducting further RC drilling at the Mageye prospect within its Gidgee North gold-copper project further out from Cue.

“We welcome heritage approval at Mindoolah and thank the Traditional Owners, Wajarri Yamatji Aboriginal Corporation and consultants for their support,” Westar Resources executive director and CEO Jason Boladeras said in the company’s ASX announcement.

“The high-grade Mindoolah Gold Mining Centre is an exciting prospect to drill, and we are keen to discover if high-grade gold persists beneath the old open pits and historic workings.

“The company is also looking forward to drilling at Mageye to test if its distinct geophysical anomaly and associated unique geochemistry is related to mineralisation.

“This is the positive and active start to 2025 we were looking for.”

 

TO READ TH FULL ANNOUNCEMENT: CLICK HERE

 

Sarytogan Graphite Identifies Copper Anomalism with Possible Porphyry Features

/in , /by

THE DRILL SERGEANT: Sarytogan Graphite (ASX: SGA) has been quick to release news from copper exploration undertaken at the company’s Baynazar copper exploration project in Kazakhstan.

Sarytogan Graphite pegged the Baynazar project last year and wasted little time before flying a high-resolution aero magnetic survey collecting some 6,000 soil samples.

The company has an external exploration review carried out that confirmed the previous exploration results as well as delineating three new anomalies at the Aminbay target, including what the company described as “textbook metal zonation and aeromagnetic features consistent with a possible porphyry intrusion”.

Sarytogan Graphite indicated the soil sampling program will be infilled over the anomalies and extended to the north and south ahead of planning drilling programs.

“Kazakhstan is an established mining jurisdiction with many of the world’s lowest cost copper mines and excellent prospectivity for the discovery of further copper porphyry mineralisation,” Sarytogan Graphite managing director Sean Gregory said in the company’s ASX announcement.

“This second target generated at the Baynazar Copper Exploration Project is named ‘Aminbay’ and looks very promising with textbook metal zonation and aeromagnetic features consistent with a possible porphyry intrusion.

“The soil sampling will be infilled and extended ahead of planning drilling at these exciting targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

WIN Metals Drills Butchers Creek Resource Potential

/in , /by

THE DRILL SERGEANT: WIN Metals (ASX: WIN) confirmed continuation of mineralisation at the company’s Butchers Creek gold project (BCGP) in the Kimberley region of Western Australia.

WIN Metals reported the confirmation via recent exploration drilling results received from the Butchers Creek gold deposit that demonstrated the mineralisation to remain continuous and open at depth.

The results included:

24BCRCD008
16.52 metres at 2.1 grams per tonne gold, including 11m at 3.01g/t gold.

This intersection was encountered about 260m to the south of previous drilling the company has completed within the current resource envelope.

The campaign was the first undertaken by WIN Metals’ at Butchers Creek and comprised of 25 drillholes, including five exploration step out holes, of which four intersected gold mineralisation.

“The results released today from the main Butchers Creek mineralisation demonstrating continuity down plunge is an exciting development for the project, showing that the resource continues well below where it was previously thought to terminate,” WIN Metals managing director and CEO Steve Norregaard said in the company’s ASX announcement.

“A major success with these results underscoring the significant growth potential of the Butchers Creek mineral resource we now see.

“We now progress with planning our next phase of drilling with the knowledge ‘the gold is there’ with work programs becoming an exercise of further definition and growth.

“With such a large system at play and the magnitude of the massive step out success, delineating the gaps in between will keep us well and truly primed for further success.

“The best is yet to come.

“We look forward to our next upcoming field season with great anticipation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Coda Minerals to Commence High-Impact Drilling at Elizabeth Creek

/in , /by

THE DRILL SERGEANT: Coda Minerals (ASX: COD) is on the march in readiness for a high-impact exploration drilling program at the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project (ECCCP) in South Australia.

Coda Minerals anticipates commencing drilling in the coming weeks targeting extensions of the project’s cornerstone Emmie Bluff copper cobalt-silver deposit.

The first round of drilling will consist of up to 2,000m of drilling, comprising four Reverse Circulation pre-collars with diamond tails.

The program will target repeats of the Emmie Bluff mineralisation immediately to the east and south-east of the main Mineral Resource (collectively the “Emmie East” prospect), which comprises 40.2 million tonnes at 1.87 per cent copper equivalent.

Coda has identified a geophysical response to the east of Emmie Bluff similar to whathas previously been seen in the core of the deposit, which the company thinks could offer potential for the discovery of a secondary sub-basin.

“Drilling at the Emmie East prospect area will test several high-confidence geophysical targets which exhibit many distinct similarities to the area which covers the main Emmie Bluff Mineral Resource,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“This similarity extends across not just the electrical properties of the rock as seen through MT, but also the acoustic properties of the rock as assessed by 2D seismic.

“We define success at Emmie East as being able to replicate the intercepts which we have reported within the bounds of the Emmie Bluff Resource – which typically comprise mineralised horizons 2-6m thick with copper equivalent grades in excess of one per cent copper equivalent.

“These intersections, while less thick than those encountered further down at Emmie Deeps, can extend for kilometres in multiple directions, as they do at Emmie Bluff.

“Put together, these intercepts can result in a very large accumulations of metal.

“Although rare in Australia, deposits of this type represent around 20 per cent of global copper production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Consolidates Mangaroon Tenement Holdings

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) continues to expand its Mangaroon project in Western Australia.

Dreadnought Resources further consolidated ground at Mangaroon via the acquisition of tenement E09/2383, a tenement the company explained complements its existing tenure.

The new purchase provides additional ground with gold mineralisation including a portion of the Jailor target, which is an approx. 370 metres subcropping gold lode that remains open and crosses the boundary into the E09/2383 tenement.

Tenement E09/2383 sits within the Bordah camp scale prosect at Mangaroon.

Bordah is defined by strong gold and base metal anomalism with a similar interpreted lithostructural setting to the company’s Star of Mangaroon prospect.

“The acquisition closes a gap in our tenement position at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We already have a dominant position in the region, and we see this tenement as important to the discovery pillar of our strategy for Mangaroon.

“Bordah was identified as an underexplored yet prospective lithostructural setting at Mangaroon.

“Bordah now contains some of our strongest gold and pathfinder in stream sediment anomalies with two targets already defined with high grade gold at Jailor, and an outcropping gossan with coincident VTEM anomaly at Inevitable.

“We believe that Bordah, along with High Range, will continue to deliver compelling targets for discovery focused drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Spartan Resources Kicks Off NY with Major Dalgaranga Drilling Program

/in , /by

THE DRILL SERGEANT: Spartan Resources (ASX: SPR) has kicked off 2025 in style with a raft of activity at the company’s 100 per cent-owned Dalgaranga gold project (DGP), located in the Murchison region of Western Australia.

Spartan Resources informed the market this week it has exploration and drilling operations, underground development and other activities underway at Dalgaranga.

The company has recommenced surface drilling utilising two diamond drilling rigs operating initially at the recently discovered Freak prospect and the Sly Fox gold deposit, with the aim of delivering further resource growth and converting Inferred Resources to Indicated.

Other near-mine targets to have been prioritised include immediately north of Never Never and south of Freak as part of a 20,000m surface drilling campaign scheduled for the first half of CY2025.

“After wrapping up 2024 with a landmark resource upgrade and $220 million capital raising, Spartan enters the New Year with significant momentum and activity levels quickly moving up a gear,” Spartan Resources executive chair Simon Lawson said in the company’s ASX announcement.

“After a well-deserved break, the exploration team has hit the ground running with surface drilling already underway and our recently appointed underground drilling contractor, AUD, on track to start underground drilling operations next month.

“With at least 85,000m of drilling budgeted – 65,000m of underground drilling and 20,000m of surface drilling through to mid-year – we expect to continue our exceptional track record of delivering further growth in our high-grade resource inventory.

“Our next project-wide MRE update is scheduled for mid-year, with the delivery of the Feasibility Study on the restart of the Dalgaranga Operation expected to follow shortly afterwards.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE