Medallion Metals Salutes High-Grade Gold and Copper at Flag Deposit

/in , /by

THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reporteding extensional drilling results from the Flag deposit, located within the Kundip Mining Centre (KMC) that is part of the company’s Ravensthorpe Gold Project (RGP) in Western Australia.

Medallion Metals said diamond drilling carried out in 2022 had intersected the Flag Main Lode in the footwall to the Main Lode.

Assay results from the veins include:

DD22KP1138
0.92 metres at 34.2 grams per tonne gold, 0.5 per cent copper, 16.4g/t silver from 283m – Flag Main Lode; and

0.45m at 118g/t gold, 9.3 per cent copper, 61.1g/t silver from 319.9m – Flag Fault Cross Lode.

Medallion considers the continuation of high-grade results in the area extremely positive for the potential extension of Mineral Resources at the Flag deposit.

“Exciting high-grade results like these continue to build confidence at Flag,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“These results, combined with previous drilling and historical underground mapping gives us great confidence the deposit can be mined successfully from underground.

“Importantly, the structure remains open with the possibility of further extensions from follow up drilling currently being planned.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Musgrave Minerals and Evolution Encounter Further gold intersections at West Island on the Cue JV

/in , /by

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released drilling results at the West Island prospect, located within the Cue JV in Western Australia’s Murchison district.

The results gave credence as to why Evolution recently opted to satisfying the earn-in requirement under the Cue Project Earn-in and Exploration Joint Venture Agreement.

Evolution Mining completed diamond drilling at the West Island prospect, approximately 6km north of Musgrave’s Break of Day deposit, which intersected further strong gold intersections within a basement dolerite host unit.

Results from the Evolution drilling include:

22CUDD019A
5.5m (3.8m estimated true width (ETW)) at 4.16g/t gold from 349.5m; and

22CUDD021
11.5m (8m ETW) at 8.71g/t gold from 235.5m, including 1m (0.9m ETW) at 66g/t gold from 238m.

The drilling program is targeting key mineralised gold lodes to determine the scale of the mineral system at West Island.

The mineralised lodes are interpreted as a series of stacked shears and veins, with associated high-grade splays.

“These are another set of good results from West Island and continue to define the scope of the basement gold mineralisation,” Musgrave Minerals managing director Rob Waugh said.

A Joint Venture committee will meet in February, at which time a data review currently underway and a program and budget for ongoing exploration will be considered.

Musgrave has the right to contribute or can elect to dilute once the program and budget has been approved by the committee.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Eagle Mountain Mining Commences Underground Drilling at Oracle Ridge

/in , /by

THE DRILL SERGEANT: Eagle Mountain Mining has commenced underground drilling at the company’s 100 per cent-owned Oracle Ridge copper mine project in Arizona, USA.

Eagle Mountain Mining kicked off the drilling at Oracle Ridge following completion of initial refurbishment of the underground mine.

The program is serious with thirteen drill stations established to allow Resource upgrade and metallurgical drilling to occur from within the mine.

From the first drill station alone, the company plans to have 17 holes drilled.

Eagle Mountain expects drilling from underground to be far more efficient than drilling from surface due to shorter hole lengths and less impact from weather events.

Underground drilling will prioritise the upgrading of existing Indicated and Inferred Resources into Measured and Indicated Resources respectively, with a focus on those areas of the deposit expected to be mined in the first five years of potential production.

The additional confidence achieved will assist in technical and economic studies.

An underground wall sampling program was also commenced targeting the large exposure of copper mineralisation in the underground workings to generate high-quality underground geological maps and semi-continuous samples across the exposed mineralisation.

From this, Eagle Mountain hopes to better understand small scale grade variability, assess the representativity of the existing Mineral Resource Estimate and identify suitable areas for additional metallurgical work such as bulk sampling.

“With the completion of the initial underground refurbishment at Oracle Ridge, we are now ramping up the underground activities,” Eagle Mountain Mining CEO Tim Mason said.

“It is unique to access in-situ mineralisation compared to drill core and we are committed to make the most of this significant advantage.

“We recently kicked-off a drilling program to upgrade our existing resource to higher confidence categories.

“Drilling from underground is a game changer for the project due to improved efficiencies with shorter hole lengths and less impact due to inclement weather.

“The program is focused on those mine areas where production is expected to occur in the first five years of the potential mine life.

“We have also recently commenced an extensive wall mapping program targeting approximately four kilometres of mineralisation exposed underground.”

 

AuTECO Minerals Encounters Further High-Grade Canadian Gold Intercepts

/in , /by

THE DRILL SERGEANT: AuTECO Minerals (ASX: AUT) reported further high-grade gold intersections from the company’s Pickle Crow gold project in Ontario, Canada.

AuTECO Minerals recorded drill results stemming from step-out drilling at the Tyson discovery, a series of mineralised quartz lodes first discovered by AuTECO in 2021.

The latest drilling encountered two separate high-grade intersections of:

AUDD0347
2.7 metres at 16.1 grams per tonne gold and 2.3m at 16.4g/t gold.

These intersections are located approx. 70m along strike of a previously reported zone of 7.8m at 16.7g/t gold, providing further evidence of broad-scale continuity of mineralisation in the Tyson veins while also demonstrating the Pickle Crow 2.2 million ounces at 7.8g/t gold Inferred Resource remains open in all directions.

AuTECO has now kicked off its regional winter exploration program with two diamond drill rigs operating.

The firming of ground over winter provides access to areas across the company’s tenements that are harder to reach in warmer months.

The initial focus of AuTECO’s winter exploration program will follow up drill intersections from its 2022 campaign at the Talia discovery (5.5m at 18g/t gold) and Cohen-MacArthur, where assays of up to 92g/t gold were returned.

Later drilling will focus on testing the Tarp Lake Shear zone, a major regional gold bearing structure the company considers having strong potential for a major discovery.

AuTECO’s stated intention is to continue its dual focus on both in-mine expansion at Pickle Crow and regional exploration to test for further gold mineralisation on the company’s highly prospective 500 square kilometres of exploration claims to provide the next generation of Resource growth.

“Our latest drilling has turned up some fantastic results, particularly from the Tyson area, which continues to deliver exceptional high-grade results over multiple drill sections,” AuTECO Minerals chief executive officer Darren Cooke said.

“Our focus now turns to regional drilling over the next three-months, as access to areas improves with the ground firming over the winter period.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Mt Monger Resources Commences Drilling at East Laverton

/in , /by

THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) has commenced aircore (AC) and reverse circulation (RC) percussion drilling at the company’s Pt Kidman and Seahorse prospects located near Laverton in Western Australia.

Mt Monger Resources is planning to drill across the Pt Kidman prospect to evaluate rare earth element (REE) geochemical anomalies and an interpreted nickel-cobalt gossan.

The drilling will test both newly defined REE geochemical soil anomalies in the north and east of the prospect area and extend the mineralised zones intersected by previous drilling.

A small program of RC percussion drilling is also proposed at Pt Kidman to test a possible nickel-cobalt gossan exposure that was identified by recent rock chip sampling in the area.

AC and RC percussion drilling has been scheduled at the Seahorse prospect to test multi-element surface geochemistry results from surveys that demonstrated gold, nickel, copper, cobalt, lead, zinc geochemical anomalies while providing further confirmation the East Laverton area contains inliers of deformed greenstone rocks interpreted from regional aeromagnetic images.

“A new phase of AC drilling targeting extensions of known rare earth element mineralisation at the Point Kidman prospect is underway,” Mt Monger Resources exploration manager Antony Zebisch said in the company’s ASX announcement.

“This program follows up on our previous drilling campaign and recent soil sampling results.

“Furthermore, RC drilling is being used to target an anomalous nickel-cobalt gossan in the Pt Kidman prospect.

“We also have exciting geochemical anomalies at the Seahorse prospect that we are targeting with both RC and AC drilling, including gold targets and an area where a 1.1 per cent nickel and 1.57 per cent cobalt rock chip sample was taken.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Azure Minerals Reports Consistent High-Grade Lithium Results at Andover

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released further high-grade lithium results from the company’s Andover project (Azure 60% / Creasy Group 40%), located in the West Pilbara region of Western Australia.

Azure Minerals reported its ongoing lithium-focused, pegmatite sampling exploration program across the Andover project has returned very high=grades of lithium, up to a maximum value of 4.87 per cent lithium oxide (Li2O).

A recent crop of 109 samples produced 20 samples grading over 3.5 per cent Li2O.

“We are extremely excited by these latest results which highlight the huge potential of the Andover project to host substantial lithium resources,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“It is particularly pleasing to see these types of results given the recent announcement that global mining and chemical company SQM would invest $20 million to take a 19.99 per cent stake in Azure, which is not only an endorsement of our strategy and the prospectivity of our projects, but also gives us the financial firepower to aggressively tackle this opportunity.

“Several hundred pegmatite bodies remain to be sampled and mapped within the project area, and this work will continue in parallel with upcoming diamond and RC drilling programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Stavely Minerals Commences ‘Pivotal’ 2023 Campaign

/in , /by

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) declared a new mind set regarding the company’s 100 per cent-owned Stavely copper-gold project in western Victoria.

Stavely described upcoming activities as “a significant new phase of exploration” following an extensive review of regional and near-resource discovery opportunities.

As 2022 ended, Stavely invited porphyry expert, Dr Steve Garwin to review Cayley Lode drill data, to visit site, and inspect drill core.

Dr Garwin’s review delivered a new porphyry target beneath and along plunge of some deeper intercepts on the Cayley Lode, including holes SMD173 and SMD182.

SMD173 was one of the last diamond drill holes completed during the Mineral Resource drill-out.

There had been concerns raised that the Cayley Lode mineralisation might not extend below the low-angle structure, an opinion with which Stavely strongly disagreed.

SMD173 intercepted 43 metres at 2.6 per cent copper, 0.42 grams per tonne gold and 10g/t silver from 378m and while doing so altered the character of the mineralisation relative to intercepts from previous drill-holes.

SMD182 was the last drill hole of the Mineral Resource drill-out with the objective to further test the down-plunge extent of the Cayley Lode beyond SMD173.

SMD182 intercepted 10.4m at 4.34 per cent copper, 3.17g/t gold and 11g/t silver from 421m, including 4.9m at 6.74 per cent copper, 6.45g/t gold and 19g/t silver, demonstrating near parity of gold grade in g/t to the copper grade in per cent.

Stavely highlighted the near parity of gold grade in g/t to the copper grade in per centages, saying the economic potential of an increase in gold grades with high-grade copper in this intercept could not be ignored.

“Dr Garwin’s insights have assisted the site team to recognise a systematic zonation of sulphides in the high-grade copper-gold mineralised structures, and this has provided very material encouragement to pursue the Cayley Lode at depth,” Stavely Minerals executive chair and managing director Chris Cairns said in the company’s ASX announcement.

“In essence, the mineral assemblage in the last few, and so far deepest, drill holes completed on the Cayley Lode while completing the initial Mineral Resource drill-out, indicate an increase in temperature of mineral formation which, if it continues, should bring our drilling towards the causative porphyry.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cygnus Gold Expands Lithium Mineralisation at Pontax

/in , /by

THE DRILL SERGEANT: Cygnus Gold (ASX: CY5) reported assay results from initial mapping and sampling at the company’s Pontax lithium project in the well-endowed lithium terrane James Bay region of Quebec, Canada.

Cygnus Gold is earning up to 70 per cent in the Pontax project, which is in the prolific Superior Province of Quebec, one of Canada’s most prolific lithium provinces.

Cygnus Gold received results from surface sampling undertaken last year that returned high-grade assays of up to 3.3 per cent lithium oxide (Li2O) and 857ppm tantalum pentoxide (Ta2O5) that have expanded the potential scale of the mineralised system at Pontax.

At the Pontax Central target further results of up to 3.3 per cent Li2O took the known strike length of mineralisation to 700 metres, which remains open along strike under shallow cover.

Ongoing drilling is planned to focus on stepping out along strike and beneath cover.

At the Pontax North target, results of up to 2.5 per cent Li2O highlighted the prospectivity of what is considered a new interpreted trend that is set to become an immediate major drill target.

“These first assay results from Pontax confirm high grade spodumene mineralisation from surface, significantly expand the footprint of the Pontax system and confirm the strong potential to replicate Pontax immediately to the north,” Cygnus Gold executive director Michael Naylor explained.

“The ongoing drilling program will accelerate rapidly with two more rigs on their way to site and assays from last year’s drilling expected to start coming in next month (February).

“This strategy is aimed at expanding the known mineralisation at both Pontax and Pontax North, culminating in a maiden Resource in the middle of this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Medallion Metals Adds Gift Resource to Ravensthorpe Gold Project

/in , /by

THE DRILL SERGEANT: Medallion Metals reported a new initial JORC 2012-compliant Mineral Resource Estimate (MRE) at the Gift deposit within the Kundip Mining Centre (KMC) that is part of the company’s Ravensthorpe Gold Project (RGP) in Western Australia.

The Gift MRE has come in at 1.26 million tonnes at 1.4 grams per tonne gold for 60,000 ounces of gold and is based on approx. 11,000 metres of drilling completed between 2008-22 by a string of previous owners.

The inclusion of Gift to the resource inventory takes the Ravensthorpe Gold Project to a MRE of 1.47 million ounces gold equivalent (AuEq) at 2.5g/t AuEq.

Medallion anticipates a further MRE update based on between 12,000m and 15,000m of completed drilling will be released in the early part of 2023 that will form the basis of a Pre-Feasibility Study to be completed later this year.

“The inclusion of Gift to the Kundip Mineral Resource inventory for the first time is important on two fronts,” Medallion Metals managing director Paul Bennett explained.

“Firstly, it further highlights the potential of Medallion’s ground holding at Ravensthorpe being the third maiden resource declared since listing in 2021.

“Gift looks a lot like Harbour View so the continuation of the structure at depth and along strike represents further significant discovery upside.

“Then there is the alluvial component which represents approximately 57 per cent of the Gift resource as it stands.

“That mineralisation occurs as a broadly continuous package of free digging sediments within ten metres of surface.

“While moderate in terms of gold grade, the material is expected to generate high margins and is an obvious target early in the mine plan to de-risk a start-up.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Galan Lithium Reports Successful 2022 Pumping Test Program

/in , /by

THE DRILL SERGEANT: Galan Lithium announced completion of the company’s 2022 brine pumping test campaign at the HMW Project in Catamarca Province, Argentina.

A total of three production pumping wells were completed during the second half of 2022 – two at Pata Pila (PPB-01-21 and PPB-02-22) and one at Rana de Sal (PBRS-01-21)

The results from the three production wells tested at HMW, confirmed that the HMW Project is ready to provide the brine flow and quality for the 4,000 tonnes per annum LCE pilot development.

Strong extraction and production well chemistry results from all three long-term brine pumping tests support the Definitive Feasibility Study (DFS) as it approaches completion.

Further exploration drilling and sampling has continued across the HMW Project tenements to complement surface geophysical work.

“The positive long-term pumping brine test results are extremely significant by providing certainty of brine flow extraction, lithium grade, and cementing the HMW reserve model,” Galan Lithium exploration manager Álvaro Henríquez said.

“We have further demonstrated a high production capacity at both Pata Pila and Rana de Sal.

“Importantly, we have extended the reservoir quality throughout the main (uphill) alluvial deposits of Pata Pila.

“Recent results at Pucara de Salar also show further potential to expand the total HMW Project resource and reserve.

“All of the above factors, keep adding empirical support for the world-class nature of the HMW Project and its continued rapid advancement and development to production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE