Rox Resources Boosts Mt Fisher – Mt Eureka Gold Resource

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported an increase to the Mineral Resource Estimate (MRE) for the Mt Fisher gold project (Rox 100%) and the Mt Eureka project (Cullen Resources Joint Venture).

The total Indicated and Inferred Mineral Resource for Mt Fisher – Mt Eureka now stands at 3.5 million tonnes at 1.65 grams per tonne gold for 187,000 ounces of contained gold.

“We are very pleased to announce this significant 110 per cent increase to the Mt Fisher – Mt Eureka Gold Resource and at a discovery cost of just $7 per ounce, it is a testament to the hard work and quality of our exploration geology team,” Rox Resources managing director Rob Ryan said in the company’s ASX announcement.

“Whilst the 3.2 million ounce Youanmi project sits at the forefront of the company’s future plans, the quality of our exploration asset at Mt Fisher should not be understated.

“The Mt Fisher greenstone belt has vast untapped potential, and we will continue to evaluate corporate and exploration opportunities to advance the project.”

The Mt Fisher – Mt Eureka gold project is in the Northern Goldfields, approximately 500 kilometres northeast of Kalgoorlie (about 120km east of Wiluna) within the Mt Fisher greenstone belt.

This belt is located 40km east of the prolific Yandal greenstone belt, host of large gold deposits including Jundee, Bronzewing and Mt McClure.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.roxresources.com.au

 

Azure Minerals Encounters Further Strong Ridgeline Nickel Mineralisation

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported high-grade assay results from the Ridgeline nickel-copper-cobalt sulphide deposit within the company’s Andover Project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

Azure Minerals has completed 61 diamond core holes in Mineral Resource definition drilling at the Ridgeline deposit that encountered high-grade shoots of massive and semi-massive sulphides hosted within broad halos of lower grade disseminated sulphide mineralisation.

Results from the latest batch of assays include:

ANDD0172
31.8m at 1.41 per cent nickel, 0.88 per cent copper and 0.06 per cent cobalt from 434.1m, including 12.1m at 1.77 per cent nickel, 1.21 per cent copper and 0.08 per cent cobalt from 434.1m and: 15.3m at 1.4 per cent nickel, 0.8 per cent copper and 0.06 per cent cobalt from 450.6m;

ANDD0176
19.3m at 1.44 per cent nickel, 0.4 per cent copper and 0.06 per cent cobalt from 444.2m, including 6.2m at 1.68 per cent nickel, 0.45 per cent copper and 0.08 per cent cobalt from 444.2m and 7.6m at 2.16 per cent nickel, 0.59 per cent copper and 0.09 per cent cobalt from 455.9m; and

ANDD0168
27.7m at 1.04 per cent nickel, 0.43 per cent copper and 0.04 per cent cobalt from 478.3m, including 4.9m at 1.47 per cent nickel, 0.65 per cent copper and 0.06 per cent cobalt from 478.3m and 4.5m at 1.85 per cent nickel, 0.49 per cent copper and 0.08 per cent cobalt from 492m and 5m at 1.73 per cent nickel, 0.53 per cent copper and 0.07 per cent cobalt from 501m;

“The Ridgeline nickel-copper-cobalt deposit continues to grow in size and scale with another round of extremely positive drill results adding significantly to the known mineralised zones,” Azure Minerals managing director Tony Rovira said in the company’s AX announcement.

“The steeply plunging strongly mineralised shoots demonstrate significant vertical extent and still remain open up and down plunge.

“The central cores of these shoots are characterised by zones of high grade semi-massive to massive nickel and copper sulphides surrounded by a broad halo of disseminated sulphide mineralisation.

“We now have sufficient drill density for geological modelling of the deposit and to complete a Mineral Resource Estimate.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.azureminerals.com.au

 

Hammer Metals Completes Kalman Ore Sorting Trial

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) received pleasing results from preliminary ore sorting test-work completed on samples taken from the company’s Kalman copper-gold-molybdenum-rhenium deposit, south-east of Mt Isa in North-West Queensland.

Hammer Metals explained the aim of this trial test work was to determine whether ore sorting technology could be applied to ore from the Kalman deposit.

Trial test work using a bulk sample taken from the Kalman deposit has shown that approx. 80 per cent of ore can potentially be recovered with an approx. 40-45 per cent reduction in mass processed.

Copper grade increase of 28 per cent (0.71 per cent to 0.91 per cent Cu) with a mass reduction of 35 per cent and recovery of 83.4 per cent;

Gold grade increase of 39 per cent (0.23g/t to 0.32g/t Au) with a mass reduction of 35 per cent and recovery of 91 per cent; and

Molybdenum grade increase of 103 per cent (0.33 per cent to 0.67 per cent Mo) with a mass reduction of 62 per cent and a recovery of 77 per cent.

The favourable initial results have given Hammer confidence to embark on a larger program of testwork.

“This is a tremendous result from early-stage test work and shows that the Kalman deposit is amenable to ore sorting technology,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Processing costs can represent a significant proportion (>50%) of overall production costs and reducing the amount of sub-economic material going through a grinding and flotation circuit could significantly increase project returns.

“Similarly, an increased head grade through the grinding/flotation circuit may lead to significant capital savings by reducing the required throughput capacity of the plant.

“It was pleasing to see the copper and molybdenum ore domains both behave in a similar manner to the same sort algorithm.

“The overall benefits of ore sorting will not only apply to reduced operating and capital costs but are also likely to result in an expanded resource when the upgrade factors are applied within the Kalman Resource model.

“It’s an exciting time for the Kalman project as we embark on further shallow extensional drilling.

“Successful drilling and learnings from the ore sorting test work will enable Hammer to review and upgrade the existing resource model.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Web: www.hammermetals.com.au

 

Dreadnought Resources Scores Drill Results Across Multiple Metals

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) reported drilling results from across the company’s Central Yilgarn project located in the Yilgarn Craton of Western Australia.

The drilling was undertaken earlier this year and took in three target areas of Nelson, Spitfire and Metzke’s Find, confirming a VMS base metals system at Nelson and discovering thick high-grade, goethite-hematite iron ore at Spitfire and extending gold at Metzke’s Find.

Further early-stage work on the project’s nickel and lithium potential continued to show encouragement with further work planned for 2023.

Drilling confirmed a fertile VMS base metals system at the Nelson copper-lead-zinc-silver target with results including:

NERC006
1m at 2.26 per cent zinc, 2.27 per cent lead, 53g/t Ag, 0.1 g/t Au from 157m.

Thick, high-grade, goethite-hematite iron ore was discovered at Spitfire with results including:

SPRC001A
20m at 61 per cent iron, 0.98 per cent aluminium oxide (Al2O3), 2.99 per cent silicon oxide (SiO2), 0.06 per cent phosphorous (P), 8.2 per cent LOI from 22m; and

SPRC014
8m at 60.7 per cent iron, 1.5 per cent Al2O3, 3.9 per cent SiO2, 0.1 per cent P, 6.7 per cent LOI from 16m.

Further high-grade gold was encountered at Metzke’s Find that extend the mineralised structure over 150m north and remains open to the north and at depth, returning:

MZRC050
5m at 6.4 grams per tonne gold from 24m (shallow infill drilling); and

MZRC049
6m at 1.2g/t gold from 66m (extending mineralisation ~100m north).

“These results are a timely reminder of the potential at Central Yilgarn which represents a significant opportunity in an underexplored region,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We view Central Yilgarn as a valuable project in the portfolio with opportunity for commercialisation of a range of commodities and exploration success.

“Central Yilgarn will be progressed in the background while we continue to focus on rare earths at Mangaroon.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Web: www.dreadnoughtresources.com.au

 

 

Green Technology Metals Hits High Grade Spodumene at Root Project

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THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) rported the first assay results from the McCombe deposit within the company’s 100 per cent-owned Root project in north-west Ontario, Canada.

The Root project is located approximately 200 kilomteres west of Green Technology’s Seymour project.

The Root drilling is initially focussed on the McCombe LCT pegmatite system to delineate a maiden Mineral Resource.

Assays have been received for the first nine holes from the Phase 1 diamond drilling including:

RL-22-001
12.4 metres at 1.77 per cent lithium oxide (Li2O) from 11.8m;

RL-22-002
15.3m at 1.2 per cent Li2O from 42.2m, including 10.8 at 1.65 per cent Li2O;

RL-22-003
11.5m at 2.03 per cent Li2O from 72m;

RL-22-006
9.5m at 1.54 per cent Li2O from 21.7m;

RL-22-007
9.8m at 1.51 per cent Li2O from 64.9m, including 8m at 1.81 per cent Li2O; and

RL-22-008
8.8m at 1.8 per cent Li2O from 71.5m, including 8m at 1.94 per cent Li2O.

“Because Root hasn’t been properly explored since 1950, substantial opportunity exists to undertake systematic and modern exploration of this tenure,” Green Technology Metals executive officer Luke Cox said in the company’s ASX announcement.

“These initial assay results and intercept thicknesses from McCombe are outstanding, and together with mapping of new untested pegmatites, clearly justify the ramping up of our drilling and broader activities at Root over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.greentm.com.au

 

Encounter Resources Defines Drill Targets via Seismic Processing

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THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced identification of a suite of drill targets at the Carrara and Jessica projects that are being explored in partnership with South32 under Farm-in Agreements in the Northern Territory.

Encounter Resources explained the targets emerged from reprocessing of seismic lines.

The Jessica copper project covers approx. 6,300 square kilometres along key structural corridors east of Tennant Creek and is prospective for sediment-hosted copper and IOCG style deposits.

The Carrara copper-zinc project was secured by Encounter upon release of the South Nicholson Seismic Survey, a foundational dataset acquired as part of the Geoscience Australia Exploring for the Future Program.

Carrara is located at an interpreted structural offset of the western margin of the Carrara Sub-basin where the prospective Isa Superbasin units are modelled closer to surface.

“Jessica and Carrara present as unique exploration opportunities,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“The South Nicholson Seismic Survey, acquired as part of the Geoscience Australia Exploring for the Future Program, has provided an incomparable dataset for mineral explorers in this part of the NT.

“We have utilised this widespread seismic coverage, together with a detailed gravity survey facilitated by the NT Geological Survey in 2022, to generate drill targets for testing in 2023.

“The reprocessing of the seismic lines at Jessica and Carrara by HiSeis, experts in hard rock geological imaging, was the first activity completed in the partnership with South32 and the results have been revealing.

“Applied extensively by the oil and gas industry, seismic modelling techniques have resulted in astounding exploration success.

“The application of seismic to hard rock minerals exploration has the potential to make step changes in success rates for copper and zinc discoveries in sedimentary basins.

“We are delighted that South32 is planning to commence with diamond drilling at Jessica and Carrara in the 2023 field season.”

 

 

 

Web: www.enrl.com.au

 

Black Cat Syndicate Extends High-Grade Hits at Kavanagh

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has reported further drilling results from the company’s 100 per cent-owned Coyote gold operation in Western Australia.

Black Cat Syndicate’s drilling efforts have continued to identify high-grade shear-hosted quartz mineralisation within the hinge zone of the Coyote Anticline, known as the Axial Core Zone, which hosts the Kavanagh and Speedy Resources (131,000 ounces at 10.1g/t gold).

The drilling extended mineralisation approx. 25 metres up dip from Kavanagh towards Speedy, increasing the company’s confidence that these two separate Resources may merge within this untested zone.

Results from up dip of Kavanagh include:

22CYDD009
1.2 metres at 39.33 grams per tonne gold from 400.4m and 1m at 63.7g/t gold from 410.6m.

The drilling also extended mineralisation approx. 50m down dip from Kavanagh with results including:

22CYDD007a
4.46m at 7.71g/t gold from 496.84m.

The company declared the drilling confirms and validates its new geological model and extends Kavanagh both up and down dip, demonstrating the growth potential of the high-grade Resources within the Axial Core Zone.

Diamond and RC drilling is ongoing, targeting the Axial Core Zone with 20 holes completed to date, all of which intersected quartz veins in interpreted positions.

A Mineral Resource update is expected to be completed in the current December 2022 quarter.

“These results are significant as they validate our new geology model and have demonstrated the high-grade growth potential of Kavanagh and the wider Coyote Central system into areas previously considered to be less prospective,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Two more diamond holes down plunge to the east of Kavanagh and an additional two RC holes completed between Kavanagh and Speedy have intersected quartz veining with assays pending.

“RC and diamond drilling is ongoing with additional holes testing the shrinking gap between and beyond Speedy and Kavanagh.

“A new Resource for Coyote Central will be completed in the current quarter and will include these significant results.

“We expect continued Resource growth from there with further drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.bc8.com.au

 

 

Caspin Resources Claims New PGE discovery at Yarawindah Brook

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) claimed discovery of a new PGE prospect at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources reported the prospect, now known as Vicia, is located at the northern margin of the Yarabrook Intrusion and adjacent to the recent Serradella discovery from which the company reported high-grade and broad widths of PGE mineralisation, along with high-grade rhodium mineralisation.

The anomaly is located at the northern margin of the Yarabrook Intrusion, northwest of the Central Yarabrook prospect, west of the Serradella discovery and structurally below the Radio Tower Thrust.

Six holes were drilled, some of which returned high values of PGEs.

Results include:

YARC0030
32 metres at 0.48 grams per tonne 3E from 58m, including 4m at 1.12g/t 3E from 81m; and

YARC0032
10m at 0.42g/t 3E from 42m, including 2m at 1.13g/t 3E from 42m.

“This is a real bonus to what was already a very successful drilling campaign,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“There are two key positive developments.

“Firstly, we previously thought the intrusion west of the Radio Tower Fault, comprising approximately 60 per cent of the Yarabrook Intrusion, was completely barren.

“This is clearly not the case and opens another future exploration front.

“Secondly, our soil geochemistry program is working extremely well to identify new bodies of mineralisation.

“This bodes well for the large number of anomalies that have already been identified and waiting further exploration.

“One of those anomalies coincides with approximately three kilometres of the Hanging Wall Shear north of Serradella, suggesting mineralisation is continuous for a considerable distance down plunge from the mineralisation already discovered at surface.

“These results are another demonstration of the scale of the opportunity at Yarawindah Brook.

“The Yarabrook Intrusion is developing into a very large mineralised intrusive complex, with over four kilometres of strike and exceptional prospects for further economic discoveries.

“We’re looking forward to the recommencement of drilling, starting at Serradella, in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.caspin.com.au

 

 

TG Metals Commences Lake Johnston Nickel Sulphide Exploration

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THE DRILL SERGEANT: TG Metals (ASX:TG6) has commenced a Slingram Moving Loop Transient Electromagnetic (SMLTEM) geophysical survey at the company’s wholly owned Lake Johnston project in Western Australia.

TG Metals is conducting the testing as part of recommended outcomes from a previous geophysics review and will cover approx. 30-kilometre strike of the Lake Johnston Greenstone Belt, south of the Maggie Hays-Emily Anne nickel sulphide mining centre.

The company said the aim of the survey is to detect conductive bodies at depth that are indicative of nickel sulphide mineralisation.

Multiple targets have been defined by existing geophysics, surface geochemistry and drilling, conducted by past explorers.

The SMLTEM survey will be the first modern high-powered ground EM used to test the prospective ultramafic host lithologies extending from the Maggie Hays – Emily Anne mining centre.

Following the results of this SMLTEM program, any conductors identified will be assessed for follow-up geophysical work or drill testing.

“We are really looking forward to the results from the first modern ground geophysics to be conducted on this project for 10 years,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“In addition to the existing drill targets, we expect that further drill targets will be defined from this EM program, in preparation for our maiden drill program.

“This EM program will provide important targeting information to increase the prospects for finding a nickel sulphide deposit of significance in the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.tgmetals.com.au

 

Podium Minerals Confirms High-Grade 5E PGE

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THE DRILL SERGEANT: Podium Minerals (ASX: POD) reported 5E PGM results received for all outstanding drill holes, including the Central Ore Zone at the company’s Parks Reef project in Western Australia.

5E PGM (platinum group metals) refers to platinum (Pt) + palladium (Pd) + gold (Au) + Rhodium (Rh) + Iridium (Ir) expressed in units of grams per tonne.

Podium Minerals explained the 5E PGM results have been received for the drilling’s final Stage 9 and Stage 10 assays, from a total twenty-eight drill holes.

5E PGM intersection highlights include:

PRRC262
19 metres at 2.48 grams per tonne 5E PGM (0.18g/t Rh and 0.07g/t Ir) from 76m, including 2m at 12.9g/t 5E PGM (1.03g/t Rh and 0.39g/t Ir) from 88m;

PRRD208
31m at 1.35g/t 5E PGM (0.06g/t Rh and 0.02g/t Ir) from 189m, including 2m at 5.6g/t 5E PGM (0.4g/t Rh and 0.16g/t Ir) from 212m; and

PRRD240
16m at 1.88g/t 5E PGM (0.04g/t Rh and 0.01g/t Ir) from 169m, including 0.9m at 10.88g/t 5E PGM (0.3g/t Rh and 0.13g/t Ir) from 184m.

Podium Minerals declared that all drill holes that intersected the full reef width consistently show high rhodium and iridium values within the PGM reef intercept confirming presence along the full 15km strike.

The company will use these results when completing the intended Mineral Resource Estimate (MRE) update due in October that is now in final stages of compilation.

“With these results Podium has completed a crucial step in our path towards growth and development of Parks Reef,” Podium Minerals managing director and CEO Sam Rodda said in the company’s ASX announcement.

“The presence of high-grade zones and confirmation of rhodium and iridium throughout the orebody will allow us to optimize our resource modelling and studies to consider these areas.

“Our workstreams remain focused on growing and understanding the orebody and testing our metallurgy for a preferred processing path as part of refining our path to production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.podiumminerals.com