Caspin Resources to Commence Bygoo Tin Project Drilling

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) is set to commence its first drilling campaign at the company’s recently acquired, 100 per cent-owned Bygoo tin project in New South Wales.

Caspin Resources has received all requisite approvals for the drilling program at Bygoo, which it anticipates kicking off in the first week of February with approximately 1,500m of RC drilling.

The campaign will follow footsteps of previous drillers at the Bygoo North prospect that defined at least five separate lodes of tin mineralisation.

Caspin explained the most recent discoveries have been high-grade, but also steeply dipping, indicating the older generations of shallow, vertical drilling were ineffective.

The company aims to test the continuity and extensions of high-grade mineralisation at several of the mineralised lodes.

“The acquisition of the Bygoo tin project, and now the commencement of drilling, marks a new chapter in the company’s short history,” Caspin Resources managing director Greg Miles said in the company’s ASX announcement.

“This program will be focussed solely on the advanced Bygoo North prospect and the potential to define and extend high-grade tin mineralisation.

“Bygoo North has previously delivered high-grade intercepts such as 35 metres at 2.1 per cent tin at shallow depths.

“More broadly, we’ve conducted a thorough data review process and have been delighted by the new opportunities for further high-grade discoveries across the project and are already in the planning stages for regional drill programs, in addition to potential follow-up at Bygoo North.

“We are also encouraged by continued strong tin prices during a time of commodity price uncertainty.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Galan Lithium Increases Candelas Mineral Resources

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced a material increase in the JORC (2012) Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Candelas project in the Catamarca Province of Argentina.

Galan Lithium reported a robust Scoping Study result for Candelas in October 2019 using a MRE of 685,000 tonnes Lithium Carbonate Equivalent (LCE) as the basis for the study.

The updated MRE has come in at 1.6 million tonnes LCE, which the company believes.

o Enhances the economic potential of Candelas.
o Provides a foundation for assessing other commercialisation options for Candelas, including larger-scale evaporation systems and/or alternative lithium extraction technologies.
o Highlights significant potential for further growth of the Candelas Mineral Resource, which could underpin further development and growth phases.

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

“With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.

“Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

New World Resources Identifies Gold-Rich Alteration Zone at Antler Deposit

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THE DRILL SERGEANT: New World Resources (ASX: NWC) reported identifying additional gold mineralisation at the y’s Antler Copper project in Arizona, USA.

New World Resources explained the newly identified mineralisation to be associated with the footwall alteration and stringer zone, a domain of the project’s Antler deposit, which the company has previously explored for its base metal potential.

The company is conducting an exploration review, wherein sampling and analysis of drill core from outside the previously reported massive sulphide domains and in the newly identified stringer zone has revealed elevated gold grades over 550m of strike and 1000m dip extent, all of which falls outside the current mine plan.

Gold intercepts yielded to date in the alteration zone include:

ANT0023
7m at 2.03 grams per tonne gold, 3.95m at 1.53g/t gold, and 1.85m at 0.68g/t gold;

ANT0009
1.17m at 7.53g/t gold;

ANT0017
4.35m at 1.84g/t gold and 2.5m at 2.28g/t gold;

The ongoing review will involve further work to define the extent, continuity, and grade of the gold mineralisation, and how any such mineralisation may be included in future mine plans.

“As Antler rapidly proceeds to development, the identification of significant gold mineralization within the stringer zone at Antler represents an exciting potential new source of value for the company,” New World Resources managing director Nick Woolrych said in the company’s ASX announcement.

“We are currently in the process of a detailed exploration review and field work programs following the 2024 drilling programs, with one of the world’s leading VMS experts appointed to assist.

“This exciting development is a direct result of this work.

“The ongoing work at the Antler Copper project continues to generate positive results, highlighting the project’s significant exploration upside.

“The company remains committed to advancing the project through systematic exploration and evaluation alongside permitting and financing, with the goal of unlocking its full value as we finalise feasibility studies in 2025 and proceed to production in 2027.”

The JORC Mineral Resource Estimate (MRE) for the Antler Deposit currently comprises 11.4 million tonnes at 2.1 per cent copper, 5 per cent zinc, 0.9 per cent lead, 32.9g/t silver and 0.36g/t gold (11.4Mt @ 4.1% Cu-equivalent), which the company claims to make it one of the highest-grade copper deposits in the world (on a copper-equivalent basis).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Drills High-Grade Gold Across Multiple Shears

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) has identified a new gold zone within the company’s Golden Range project in Western Australia.

Warriedar Resources made the identification via a recent initial aircore (AC) drilling program undertaken at Golden Range during the second half of 2024 that was designed to delineate key regional shears (pathways for gold deposits) hidden under cover, within high prospectivity areas of the project tenement package.

Assay results show the drilling managed to locate the main Mougooderra Shear Zone (MSZ), north of the existing Keronima deposit, as well as a new, previously interpreted but not proven, parallel splay east of the MSZ.

Drilling revealed the parallel splay to be mineralised at shallow depth, returning:

MTAC002
6 metres at 4.28 grams per tonne gold from 3m.

Drilling on the MSZ returned a narrow high-grade intercept of:

MOAC051 north of Keronima
1m at 3.5g/t gold from 49m.

“Our major focus last year was substantial growth of the Mineral Resource boundaries at our flagship Ricciardo deposit and across select other deposits in the central ‘Golden Corridor’,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“RC and diamond drilling directed at this proved highly successful, culminating in the 58 per cent increase in the Golden Range MRE to over 1.28 million ounces.

“Alongside this work however we commenced laying the foundations for an expanded regional focus at Golden Range in 2025.

“The initial aircore drilling undertaken in the second half of last year was directed at utilising our growing pool of available geoscience data to test key structural zones in pursuit of the next significant discovery at Golden Range.

“To that end, we are very pleased with the enhanced delineation of the main MSZ and, in particular, the proven existence of a new shear that also returned high-grade gold mineralisation.

“We look forward to further aircore drilling through 2025 in enhanced pursuit of new regional gold discoveries at Golden Range.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Pan Asia Metals Rock Chips Encouraging Copper Results at Rosario

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THE DRILL SERGEANT: Pan Asia Metals (ASX: PAM) reported rock chip sample results from the company’s Rosario copper project in Chile.

Pan Asia Metals carried out a program of geochemical exploration at the Rosario copper project collecting a total of 316 samples, including 193 soil samples, 100 rock-chip samples and 23 stream sediment samples.

The company explained the objective of the rock chip sampling program was to verify, and follow-up work conducted by previous explorers, and develop a better understanding of mineralisation potential of the Rosario project more broadly.

Rock chip results of up to 8.9 per cent copper, with silver to 50ppm were achieved.

More than 50 per cent of the rock chips collected displayed copper values in excess of 0.1 per cent copper, with an average grade of 2.06 per cent copper and 12ppm silver.

In addition, 33 per cent of rock chips produced copper values in excess of 0.75 per cent copper, with an average grade of 3.15 per cent copper and 18ppm silver.

“With grades up to 8.9 per cent copper and 33/100 averaging 3.15 per cent copper with a 0.75 per cent copper cutoff, the rock chip results are compelling and support the work conducted by previous explorers,” Pan Asia Metals managing director Paul Lock said in the company’s ASX announcement.

“The program yielded many rock chip samples with elevated copper values inherently associated with observed green (malachite) and blue (chrysocolla) secondary copper minerals as well as local copper sulphides.

“The recently reported expansion of PAM’s holdings at Rosario, with an additional approx. 61 square kilometres in applications, positions PAM to capture extensions of the high grade trends at Rosario.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

New World Resources Completes Antler Deposit Reserve Upgrade Drilling Program

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THE DRILL SERGEANT: New World Resources (ASX: NWC) reported final assay results from recently drilled Reserve in-fill holes at the company’s Antler copper deposit in Arizona, USA.

New World Resources completed 10 Ore Reserve definition drill holes within the Antler deposit aiming to test portions of the deposit the company considers likely to be mined in the first 3-5 years of operations according to a Pre-Feasibility Study completed earlier this year.

The final hole from the Reserve definition drilling intersected exceptionally thick and high-grade mineralisation in the Main Shoot, with assay results including:

18.6 metres at 2.8 per cent copper, 9.4 per cent zinc, 0.9 per cent lead, 41 grams per tonne silver and 0.29g/t gold from 390m (18.6m at 5.9 per cent copper-Equiv.); and

2.4m at 0.69 per cent copper, 3.34 per cent zinc, 0.89 per cent lead, 23.5g/t silver, and 0.1g/t gold from 428.9 (2.4m at 1.9 per cent copper-Equiv.)

New World said the results had exceeded its expectations from the current Resource model and, as a result, both the tonnes and the grade of the corresponding part of the Mineral Resource are expected to be enhanced because of this drilling.

“Antler continues to consistently deliver high-grade mineralisation with recent in-fill drilling yielding one of the thickest and highest-grade intercepts seen to-date, being 18.6 metres at 5.9 per cent copper-equivalent,” New World Resources managing director Nick Woolrych said in the company’s ASX announcement.

“This spectacular hole is the culmination of a drilling program aimed at increasing Resource classification confidence in the first 3-5 years of the Antler mine life.

“Overall, the Reserve definition drilling program exceeded our expectations, which allows New World to proceed confidently to DFS and into development.

“We have started work on an updated Resource, which is expected to be finalised in Q1 2025, with the outcomes expected to include a sizeable component upgraded to Measured.

“In parallel, New World has commenced other key DFS workstreams, including metallurgical testing and detailed mine and infrastructure design.

“The State and Federal permitting processes are also proceeding well, and the company has received exceptional support from both the local and Federal governments, including recent site visits from Congressman Paul Gosar – the recently re-elected representative of Arizona’s 9th Congressional District and therefore, our representative in Washington.

“New World is firmly on track to rapidly advance one of the world’s highest-grade and most economically robust copper development projects into production in 2027!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Rox Resources Commences Major Youanmi Step Up Drill Program

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced a diamond and RC drilling program at the company’s Youanmi gold project in Western Australia.

Rox Resources is conducting the program targeting Resource conversion from the inferred into the higher confidence indicated category as well as increasing the current Minerals Resources Estimate.

Rox explained it has brought forward a Step up drill campaign into 2024 to streamline its Pathway to Production as it progresses a Definitive Feasibility Study that is currently on track for H2 2025.

The company anticipates receiving first assays from the program in February 2025, hopefully in time for the RIU Explorers Conference to be held in Fremantle.

“Rox is delighted to have commenced the major 2025 drilling program ahead of schedule as we further streamline the parallel workstreams to deliver the Youanmi DFS,” Rox Resources CEO Phillip Wilding said in the company’s ASX announcement.

“We’ll keep the drill bit spinning into the New Year to further test exciting targets identified in the highly successful 2024 program, of particular note are Katheleen/Youanmi North and Pollard.

“The high-grade targets under the Kathleen/Youanmi North pit are surrounded by underexplored ground where we see strong potential to add further early-access ounces to the mine plan.

“At Pollard we see real potential for repetitions of the Youanmi Main Lode, which has the potential to materially impact the mine plan.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Fenix Resources Provides Iron Ridge Mineral Resource Estimate Update

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THE DRILL SERGEANT: Fenix Resources (ASX: FEX) reported an updated JORC code-compliant Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Iron Ridge iron ore mine in Western Australia.

Fenix Resources has increased the Iron Ridge MRE by 8.5 million tonnes taking it to 13.4 million tonnes at 64.9 per cent iron.

This includes 4.3 million tonnes at 65.9 per cent iron in the Indicated category and 9 million tonnes at 64.4 per cent iron as Inferred.

The company said it had maintained high-grade and continuity of the Iron Ridge ore body with potential for further resource base expansion.

Fenix declared the updated MRE enhances the company’s geological confidence for the project and provides a basis for future exploration and updated mine planning and Ore Reserve Estimate updates.

“Maintaining our excellent high-grade iron ore production from Iron Ridge is a priority for Fenix,” Fenix Resources executive chairman John Welborn said in the company’s ASX announcement.

“The success of our recent exploration program has significantly improved our understanding of the deposit and the addition of more than eight million tonnes of high-grade iron ore to our mineral resource estimate provides a strong foundation for future growth.

“Fenix is committed to unlocking the full potential of the remarkable Iron Ridge ore body and we are confident in our ability to continue our strong mining and operational performance while respecting and preserving important heritage areas.

“We are on track for an exciting 2025 with an expected mine plan update for Iron Ridge, ongoing production from the Shine Iron Ore Mine, and the commencement of production from our third operating mine at Beebyn-W11.

“We continue to look for further opportunities to expand our operations to deliver long-term value for all our stakeholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Emmerson Resources Commences Resource Drilling at White Devil Gold Project

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) has kicked off RC drilling at the company’s White Devil gold project at Tennant Creek in the Northern Territory.

Emmerson Resources is carrying out a 35 hole program that will include approximately 3,500m of RC drilling targeting a previously undrilled shallow eastern extension to known high-grade gold mineralisation that was mined from 1987 to 1999.

The company explained the target area was previously not accessible due to surface infrastructure that was removed during mine decommissioning.

Emmerson describes the White Devil gold project as a high-grade gold mine that remains open to the east and at depth.

The mine produced over 760,000 ounces of gold from 1.6 million tonnes of ore at a recovered grade of 14.6 grams per tonne gold, predominately from underground mining, prior to its closure in 1999, primarily as a result of low gold price of the time, with accessible mineralisation known to remain.

“It is anticipated that drilling at White Devil will be completed prior to Christmas and assay results are anticipated to be reported in early 2025,” Emmerson Resources said in its ASX announcement.

 

 

GreenTech Metals Set for Resource Expansion Drilling Planned at Whundo Copper Project

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THE DRILL SERGEANT: GreenTech Metals (ASX: GRE) is readying to commence a second stage drill program at the company’s Whundo copper-zinc project in the West Pilbara region of Western Australia.

GreenTech Metals hopes to commence drilling in the coming weeks of a program aiming to confirm potential for substantial Resource expansion at the Whundo cluster of VMS style copper-zinc deposits, following the first program completed in July 2024.

The drill program is planned to focus on the under-explored mineralised prospects at the project of Austin, Shelby, Yannery and Ayshia.

GreenTech anticipates DHEM surveys undertaken on these initial drill holes will result in highlighting of additional conductor targets which may also be tested as part of this planned program.

“Following hot on the heels of a successful first stage of drilling, this next campaign will get underway this year to further test potential extensions to the mineralised shoots comprising the Whundo VMS cluster,” GreenTech Metals executive director Tom Reddicliffe said in the company’s ASX announcement.

“In particular, we eagerly await the outcome of testing the exceptional Shelby conductor which eclipses other targets in the field with respect to its scale.

“This target is a clear standout and will be a priority to be drilled.

“Given the nature of VMS clusters, and the multiple opportunities for resource growth we believe a project with around 10-15Mt would make a significant difference to the economics of the Whundo Copper project and represents a potentially achievable target for exploration going forward.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE