Miramar Resources Intersects High-Grade and Visible Gold at Glandore

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) hit shallow high-grade gold mineralisation, including coarse visible gold with the first diamond drill hole at the company’s 100 per cent-owned Glandore project east of Kalgoorlie in Western Australia.

Miramar Resources followed up historic drilling at the Glandore East target that had previously intersected high-grade gold mineralisation.

The company’s first diamond hole at Glandore intersected four zones of gold mineralisation, including coarse visible gold in a quartz vein within a felsic porphyry.

Drilling encountered difficulties at the contact between the base of lake sediments and the weathered basement resulting in some core loss in the upper part of the hole.

It was decided to terminate the hole at 78.66 metres after testing the interpreted position of the two high-grade veins seen in the historic drilling.

Results achieved included:

GDDD001

2 metres at 2.45 grams per tonne gold 32m, (includes 0.46m interval of lost core);
1.3m at 3.34g/t gold from 47m (followed by 0.3m interval of lost core);
0.7m at 13.85g/t gold from 65.98m (includes coarse visible gold); and
0.8m at 3.58g/t gold from 71.2m.

Miramar said combining the historic drilling with the new results it has been able to confirm the continuity of westerly-dipping gold mineralisation for approximately 100m down-dip, with two of the mineralised structures remaining open at depth on this section, reinforcing the company’s view that Glandore East could host a swag of high-grade gold mineralisation.

“We believe there is potential for multiple NNE-trending high-grade veins at Glandore East, as well as substantial supergene mineralisation, and we are off to a good start with the first hole,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The previous diamond drilling was sporadic, and it appears the strike and/or dip extent of these interpreted structures has not been effectively tested.”

Drilling is to continue to test the Glandore East target with multiple diamond holes over a strike length of approximately 500m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.miramarresources.com.au

 

 

Aurumin Scores Big from Final Assays at Two Mile Hill

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THE DRILL SERGEANT: Aurumin (ASX: AUN) received final assay results for the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.

The results were for the remaining diamond drilling hole samples and reverse circulation (RC) pre-collar samples of a recently completed RC and diamond program at Central Sandstone.

Aurumin indicated the drilling is being carried out to both extend and better define the company’s current inferred underground Mineral Resource Estimate (MRE) of 14.2 million tonnes at 1.1 grams per tonne gold for 500,000 ounces gold at the project’s Two Mile Hill deposit.

Results included:

SN_TM_RD_22_0001
242.7 metres at 1.2 grams per tonne gold from 203.1m down hole.

Highlights within this interval include:

8.3m at 4.82g/t gold from 214.2m;
4.3m at 4.03g/t gold from 244.5m;
7.8m at 2.33g/t gold from 337.4m;
47.3m at 2.06g/t gold from 362.m, including 2.9m at 9.27g/t gold from 393m; and
5.1m at 7.83g/t gold from 400.7m.

The company explained this hole had been drilled to further test the northern portion of the Two Mile Hill inferred geological resource at depth.

“This is another good result and, along with the previously released diamond results, continues to add to the picture at Two Mile Hill,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“Along with the recently completed RC drilling at Shillington, this sets us up to now model the Shillington and Two Mile Hill deposits as a single geological complex, with known grade in the banded iron formation, mafic and tonalite.

“We are commencing an updated resource model and look forward to releasing the model results and plans for the next round of drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurumin.com.au

 

 

TG Metals Define Lake Johnston Nickel Sulphide Targets

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THE DRILL SERGEANT: TG Metals (ASX: TG6) reported completion of a detailed nickel sulphide target generation review over approximately 30-kilometre strike of the company’s Lake Johnston project in Western Australia.

The recently-listed TG Metals said the review included decades of legacy exploration data that has now been collated for the very first time.

The company described the size of the target area and the number of targets generated as substantial, adding it provides an exploration opportunity in a region of proven nickel sulphide endowment.

“The collation and interrogation of historical exploration data provides a great foundation for the company’s exploration going forward,” TG Metals said in its ASX announcement.

TG Metals indicated its initial focus to be ultramafic rocks that host the Maggie Hays and Emily Anne nickel deposits to the north.

Within this trend TG Metals has identified:

• Nine priority ground electromagnetic (EM) conductors that have not been tested by drilling. Including three targets defined as drill-ready targets with no additional definition work required;

• Twelve areas have been identified as requiring additional ground EM. Modern high-powered ground EM will be beneficial in better defining targets at depth or differentiating between nickel sulphide mineralisation and sulphidic sediments (barren sulphides); and

• Other immediate drill targets include following up anomalous historical nickel drill intercepts, that may represent primary nickel sulphide mineralisation.

The company has ground EM crews booked to commence early October that are expected to test up to 12 priority areas within the Lake Johnston Ultramafic Trend.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.tgmetals.com.au

 

Nexus Minerals Diamond Drilling Unlocks Crusader-Templar Geology Model

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) announced assay results from diamond drilling completed at the Crusader – Templar prospect, within the company’s Wallbrook gold project in Western Australia.

Nexus Minerals received assay results from 21 diamond drill holes that have encountered multiple zones of mineralised, altered, and silicified quartz porphyry intersected along 1.6 kilometres of strike.

The company said gold mineralisation was intersected in deep ‘feeder’ structures and in the limbs and fold closures of shallow quartz porphyry units.

Results included:

DDH#15
1.5 metres at 8.3 grams per tonne gold (within 3.5m at 3.96g/t gold from 218m);

DDH#92
3m at 4.18g/t gold (within 5.8m at 2.36g/t gold from 293.6m); and

DDH#368
3m at 4.07g/t gold (within 8.4m at 1.84g/t gold from 341.6m).

“The information gained from this diamond drill program has provided a step change in our geological understanding and interpretation of this very large mineralised system,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The diamond drill holes have intersected multiple zones of gold mineralisation within the same mineralised, altered, and silicified quartz porphyry rock unit, intersected in our previous shallow RC drill program.

“The results have enabled Nexus to create a geological model which will allow for more targeted future drill program planning.”

 

 

 

Web: www.nexus-minerals.com

 

Black Cat Syndicate Drills High-Grade Infill and Extensions at Kavanagh

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) recently completed drilling at the company’s 100 per cent-owned Coyote gold operation in Western Australia.

Black Cat Syndicate has received assays for the first of what is an initial nine-hole diamond drilling program testing the mineralisation continuity and growth potential of the high-grade, unmined Kavanagh deposit.

Kavanagh currently has an estimated Resources of 77,000 ounces at 13.5 grams per tonne gold.

Assay results from the first infill diamond hole include:

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2.48 metres at 10.35 grams per tonne gold from 426.38m, and 0.8m at 17.1g/t gold from 434.4m.

The company explained this to be the first of four holes drilled at Kavanagh to date, all of which intersected quartz veining in the interpreted positions and two of the holes containing visible gold.

“The first four holes drilled into Kavanagh were designed to infill the high-grade mineralisation to upgrade the Kavanagh Resource,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“It is encouraging that all four holes intersected quartz structures where modelled, including visible gold in two holes.

“New assays from a historic hole along strike to the east of Kavanagh are particularly encouraging showing the growth potential of the deposit.

“At Coyote if you intersect a quartz lode there is a good chance that high-grade gold mineralisation is nearby.

“Our success to date allows us to progress to the next phase and commence drilling extensional holes to grow Kavanagh.

“Results from this initial diamond drilling campaign will be used to upgrade and expand the Kavanagh Resource during December 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.blackcatsyndicate.com.au

 

Carnaby Resources Confirms Mount Hope Copper Discovery

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) has claimed confirmation of the Mount Hope copper gold discovery at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

The Mount Hope discovery is the third discovery by Carnaby Resources since it first announced the Nil Desperandum discovery, also at Greater Duchess, in December 2021.

Carnaby Resources received results have been received from RC drilling that intersected a 75 metres downhole zone of strong quartz copper sulphide mineralisation with assays outlining a very broad and high-grade zone of:

MHRC025
75 metres at 1.7 per cent copper, 0.2 grams per tonne gold from 221m, including 53m at 1.9 per cent copper, 0.2g/t gold from 221m.

“The outstanding drill result of 75 metres at 1.7 per cent copper in MHRC025 is the first indication that we are dealing with another significant copper gold discovery at Mount Hope to add to our Nil Desperandum and Lady Fanny discoveries,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“These results confirm our belief that the greater than 10 kilometres Nil Desperandum to Mount Hope IOCG corridor is a very special belt where IP geophysics is working exceptionally well assisting our search for more new discoveries.”

 

 

 

 

Web: www.carnabyresources.com.au

 

BlackEarth Minerals Commences Maniry Graphite Fines Scoping Study

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THE DRILL SERGEANT: BlackEarth Minerals (ASX: BEM) has started a Scoping Study on building a plant to process graphite from its Maniry project in Madagascar.

BlackEarth Minerals explained the study hopes to confirm the commercial viability of processing fines from its Maniry graphite project into Battery Anode Material (BAM).

The BAM Study will assess the viability of building a manufacturing plant which will produce the spheronised and purified graphite that will be required for lithium batteries, in Europe where demand for BAM is expected to greatly increase.

The company believes the BAM plant will potentially add value to Maniry fines, which up to now it has planned to sell as a raw product to processors.

Preliminary studies carried out by BlackEarth concluded the BAM could sell for approx. US$3500 per tonne compared with approx. US$850 per tonne for the concentrate fines.

“We believe there is an exceptional opportunity to become a vital supplier to the lithium battery industry by processing Maniry fines into BAM,” BlackEarth Managing Director Tom Revy said in the company’s ASX announcement.

“This would allow us to sell a portion of our fines for around four times the price we would realise by selling them as a raw product to others to process into BAM.

“By becoming vertically integrated in this manner, we stand to substantially increase our revenues, margins and free cashflow while becoming an integral part of the booming lithium battery industry in Europe.

“The BAM strategy is designed to provide valuable income diversity and increased overall financial returns from Maniry.

“At the same time, we will proceed as planned with our strategy to process our coarse graphite via our joint venture in India for sale of expandable graphite into Europe next year.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.blackearthminerals.com.au

 

Podium Minerals Drills High-Grade Central Ore Zone Results

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THE DRILL SERGEANT: Podium Minerals (ASX: POD) released new results from drilling at the company’s Parks Reef 5E PGM project in Western Australia.

Podium Minerals reported the intercepts that were returned from six of nine holes drilled into the Central Ore Zone of Parks Reef orebody.

Highlights include:

PRRC262
16 metres at 2.51 grams per tonne 3E platinum group metals (PGM) (1.69g/t platinum (Pt), 0.8g/t palladium (Pd) and 0.01g/t gold (Au)) from 76m, including 2m at 11.48g/t 3E PGM (8.52g/t Pt, 2.94g/t Pd and 0.03g/t Au) from 88m; and

PRRC259
4m at 2.19g/t 3E PGM (1.57g/t Pt, 0.62g/t Pd and 0.01g/t Au) from 42m, including 2m at 2.87g/t 3E PGM (2.08g/t Pt, 0.78g/t Pd and 0.01g/t Au) from 42m.

“The Central Ore Zone was previously identified to potentially contain higher grade than the surrounding resource, so it is pleasing to see the geological model supported with these results,” Podium Minerals managing director and CEO Sam Rodda said in the company’s ASX announcement.

“More importantly, if the remaining three holes due in early September continue to confirm the consistent ore grade, it will provide significant data for our ongoing assessment and planning for an initial mining approach.

“The ability to target high-grade zones in the early years of mining will benefit any economic assessment of the project significantly.

“Therefore, the company has been focused on defining these higher-grade zones along the 15 kilometres strike.

“With multiple high-grade zones now identified, our experienced project development team will incorporate these results into the ongoing conceptual mine design work and hydrometallurgy test work that is underway.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.podiumminerals.com

 

Medallion Metals Drills Harbour View Extension

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THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported assay results from recent drilling undertaken at the company’s Ravensthorpe gold project in Western Australia.

The latest results stem from diamond drilling completed at the Harbour View deposit within the project’s Kundip Mining Centre (KMC).

Medallion Metals explained the step out drilling was carried out to test both the periphery and beyond the limit of the existing Mineral Resource Estimate (MRE) at the Harbour View deposit.

Continued high-grade gold and copper results were achieved, reinforcing potential at depth and along strike.

Highlights include:

DD22KP1149
7.15 metres at 3.61 grams per tonne gold, 1.55 per cent copper, 7.69g/t silver from 142.37m;

DD22KP1092
6m at 3.56 g/t gold, 0.1 per cent copper, 3 g/t silver from 43m;

DD21KP1073
3.43m at 5.68 g/t gold, 2.07 per cent copper, 17 g/t silver from 207.3m; and

DD21KP1073
5m at 3.16 g/t gold, 0.84 per cent copper, 5.3 g/t silver from 41m.

“These assays, which confirm previously reported visual results, demonstrate the significant depth and plunge extensions of the Harbour View and May structures and build further confidence in the structural and geological continuity of the deposit,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Shareholders should expect to see further resource growth in this area following these results and further drilling planned for the area.”

The KMC hosts Mineral Resources totalling 16.5 million tonnes at 2.1g/t gold and 0.3 per cent copper for 1.1 million ounce of gold and 50,000 tonnes of copper metal contained.

The KMC mineralised system extends over 2.5 kilometres and remains open at depth, along strike and is shallowly drilled.

Medallion has drilling scheduled to recommence Ravensthorpe gold project in September 2022 that will be targeting extensions to established Mineral Resources at the Gem and Harbour View deposits in addition to priority near mine and regional targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

Web: www.medallionmetals.com.au

 

Dreadnought Resources greets Monday Market with Mangaroon Double Header

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) burst out of a self-imposed trading halt with an announcement double banger from the company’s 100 per cent-owned Mangaroon rare earth project in the Gascoyne Region of Western Australia.

The first announcement concerned assays received for an additional 35 RC holes from 120 drilled at the Yin ironstone discovery that have continued to confirm thick, high-grade, rare-earth element (REE) mineralisation.

“Yin continues to deliver exceptional REE results that exceed expectations for the ironstones of the Gifford Creek Carbonatite Complex,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We look forward to receiving the remaining assay results from the 120 RC holes drilled to date which will comprise our initial JORC resource at Yin.

“Importantly this initial JORC resource will only cover approx. three kilometres of the approx. 16 kilometres of strike of the Yin Trend.

“We are also excited to announce in a parallel announcement the discovery at Sabre (formally known as Y3) and look forward to drilling the C1-5 carbonatite targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

The company’s second announcement was about Sabre, where RC drilling has intersected thick, rare earth element (REE) mineralisation over some 1km strike that is open in all directions.

Dreadnought has interpreted Sabre to be a 2-3km long REE bearing ironstone swarm that both outcrops and extends under shallow cover.

First pass, wide spaced drilling at Sabre and Y8 (possible extension of Sabre) is expected to finish in mid-September 2022.

“The significant scale potential of the Mangaroon rare earth project continues to be underscored with thick mineralised REE ironstones at the Sabre discovery (the prospect formally known as Y3),” Tuck said.

“With two Rare Earth discoveries in hand now at the Mangaroon REE Project we look forward to continuing the discovery drilling program with additional drilling at Sabre, Y8 and then the C1-C5 carbonatite targets all commencing this month.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email:

 

Web: www.dreadnoughtresources.com.au