Horizon Minerals Encounters High-Grade Gold at Monument Gold Project

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THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported new gold drilling results from the company’s 100 per cent-owned Greater Boorara – Cannon project area located just outside Kalgoorlie – Boulder in Western Australia.

Horizon Minerals explained the drilling is part of its current FY23 exploration program that is focussing on new discoveries within the Greater Boorara – Cannon, Lakewood and Yarmany project areas.

The company considers the Cannon to be highly prospective with several historic prospects sitting within a one kilometre radius of the open cut mine.

Two of the more advanced prospects, Monument and Homerton, were recently drilled to both validate historic drilling and test for potential strike and depth extensions.

Drilling at Monument encountered new high-grade mineralisation with results including:

CARC22024
4m at 4.63 grams per tonne gold from 68m and 4m at 7.76g/t gold from 80m;

CARC22004
7m at 2.4g/t gold from 59m;

CARC22022
5m at 4.09g/t gold from 99m, including 1m at 16.13g/t gold from 99m; and

CARC22005
4m at 3.78g/t gold from 44m.

At the Homerton prospect midway between Cannon and Monument, four holes were drilled in a new line to test the interpreted southwest trend.

Results included:

CARC22011
3m at 0.99g/t gold from 50m;

CARC22013
9m at 1.94g/t gold from 75m; and

CARC22014
4m at 1.02g/t gold from 104m.

“These excellent drilling results at Monument and Homerton clearly demonstrate the potential of the area to deliver significant resource growth in close proximity to the advanced Cannon underground gold project,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“We now look forward to the results of the next round of drilling and resource modelling to complement our existing resource base in the area supporting both an open pit and underground production hub as part of our contract mining – toll milling model for cash generation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au

 

Gascoyne Resources Confirms High-Grade Gold Discovery at Dalgaranga

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) claimed discovery of a “substantial” new high-grade lode system on the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne announced the discovery of a plunging lode system it identified through recent drilling that confirmed a high-grade extension on the immediate western flank of its new Gilbey’s North prospect, located less than one kilometres from the 2.5 million tonnes per annum processing plant.

New drilling results include:

DGRC1110
59 metres at 12.5 grams per tonne gold from 139m, including 13m at 51.1g/t gold; and

DGRC1109
39m at 3.09g/t gold from 99m and 20m at 1.12g/t gold from 156m.

Alongside the other recently reported results from this newly discovered east-west oriented mineralised position, other drilling intercepted consistent width and continuity at the high-grade Never Never lode, another part of the emerging Gilbey’s North near-mine discovery.

Recent high-grade gold intercepts from the Never Never lode include:

DGRC0971
54m at 6.55g/t gold from 116m down-hole, including 12m at 20.1g/t gold; and

DGRC1026
32m at 8.58g/t gold from 167m down-hole, including 14m at 16.4g/t gold.

“It’s not every day that you see results like this in the WA gold sector and we are incredibly excited by the potential of this newly discovered lode system on the western edge of the Gilbey’s North discovery,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“Finding a northerly extension to the main Gilbey’s system was itself a major discovery coup for Gascoyne earlier this year.

“Being situated right in front of the mill and at a time when the company and its loyal investors needed some vision for the future, our team and our aggressive drilling strategy came through.

“To then back that up and discover a completely different style of consistently thick and very high-grade gold mineralisation in the Never Never Lode – an ore body style that has immense potential – is a remarkable achievement by our exploration team and has the potential to reshape our future very quickly.

“We currently have two drill-rigs on the Never Never Lode, one RC rig and one diamond drill rig, and we are aggressively chasing this exciting target.

“We will change the future of Gascoyne one drill-hole at a time.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

 

Caprice Resources Hits High Grades with First Solis RC Drilling

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THE DRILL SERGEANT: Caprice Resources (ASX: CRS) recently completed its first RC drilling on the Solis prospect at the southern end of the company’s Island gold project in the Murchison Region of Western Australia.

Caprice drilled Aircore at Solis earlier this year that delineated a regolith gold anomalous zone over one kilometre.

The recent RC drilling tested the anomalism down to around 100m depth compared to the average depth achieved by the aircore of 30m.

The company declared the 15 hole RC program had confirmed the geology and structural setting to be prospective for gold mineralisation and remains open.

Results include:

4m at 4.4 grams per tonne gold from 60m, including 1m at 11g/t gold from 63m;

1m at 1.5g/t gold from 35m; and

2m at 1.2g/t gold from 33m.

“We are very pleased with how exploration has progressed at Solis,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“All three drill programs have generated very encouraging results.

“This latest RC program has further validated the potential for Solis, as well as other areas under Lake Austin, to host gold mineralisation.

“The high grades seen on the mafic/high-Mg basalt contact is particularly promising.

“The geology, structures and alteration bode well, and we will look to undertake additional RC drilling to test Solis further.

“Post Solis, we will commence testing the other two islands, Estrella and Luna, with first pass aircore later in the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@capriceresources.com

 

Web: www.capriceresources.com

 

Cannon Resources’ Sabre Update Increases Fisher East to 134,100 Tonnes Contained Nickel

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THE DRILL SERGEANT: Cannon Resources (ASX: CNR) reported a Mineral Resource update for the Sabre prospect at the company’s Fisher East nickel project in Western Australia.

The JORC 2021-complaint Sabre Mineral Resource now stands at 2.9 million tonnes at 1.5 per cent nickel and 0.4 grams per tonne palladium and platinum (Pd+Pt) for 42,300 tonnes of contained nickel and 32,800 ounces (Pd+Pt) at a cut–off grade of 0.9 per cent nickel.

The Fisher East project now has a total of 134,100 tonnes of contained nickel at an average grade of 1.8 per cent nickel in four high-grade sulphide JORC 2012 resources at the Musket, Camelwood, Cannonball and Sabre deposits.

The updated resource extends over a strike length of 670 metres and to a vertical depth of approximately 300m.

The resource remains open along strike and down plunge.

“The Sabre resource update to 42,300 tonnes of nickel is a significant advancement on our understanding of this mineral system and is a 72 per cent uplift on the maiden Sabre resource delivered in April 2022,” Cannon Resources CEO Steve Lynn said in the company’s ASX announcement.

“This update has delivered both an increase in tonnes and an increase in nickel grade.

“Now Sabre is proving to be a deposit of scale at up to 700 metres strike extent, with substantial further resource growth likely as mineralisation is only defined down to 300 metres depth and remains open.

“Cannon listed on the ASX on 12 August 2021, exactly 12 months ago.

“In that time, we have discovered 56,100 tonnes of new nickel resource – all at Fisher East; at a discovery cost of $104 per nickel tonne.

“Both are industry leading metrics.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cannonres.com.au

 

Web: www.cannonres.com.au

 

Black Cat Syndicate Reports Drill Results from Kal East and Coyote

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) had a busy week on the boards with announcements emanating from the company’s Kal East gold project near Kalgoorlie and the Coyote gold operation located on the Western Australia side of the WA/NT border.

The first announcement dealt with final assay results from grade control drilling undertake on the Myhree open pit within the Kal East gold project.

Black Cat said the results had reinforced the Myhree open pit high-grade open pit Ore Reserve of 0.6 million tonnes at 2.4 grams per tonne gold for 46,000 ounces from within the open pit Resource of 0.7 million tonnes at 2.9g/t gold for 65,000 ounces.

The new results included:

22MYGC064
4 metres at 17.47 grams per tonne gold from 46m; and

22MYGC056
4m at 11.62g/t gold from 30m.

The company said the results demonstrate mining can commence at Myhree either as part of a toll treatment arrangement or as the first open pit to be developed once the Kal East processing facility is constructed.

Discussions about potential toll treatment options are ongoing.

“The final assay results from grade control at Myhree have returned more high grades and demonstrate the robust nature of this shallow open pit,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat’s second release for the week focused on infill and extensional RC drilling at the Speedy deposit within the Coyote gold operation.

A total of 15 RC holes have been completed at the Speedy deposit, from which the first two holes returned high-grade gold results consistent with what the company expected.

The mineralised zones are as modelled by Black Cat and sit on the northern limb of the deposit.

Latest results include:

22CYRC007
1m at 9.97g/t gold from 131m, and 4m at 17.65g/t gold from 161m; and

22CYRC0006
1m at 12.7g/t gold from 94m, 1m at 6.53g/t gold from 154m, and 1m at 13.3g/t gold from 162m.

“The first results from our initial RC drilling at Speedy are encouraging with mineralised structure in line with what we expected and in the modelled location,” Solly, said:

“So, we’ve got ‘our eye in’ early and will be looking to upgrade and extend the Resource at Speedy from the current drilling.

“The next round of drilling results are highly anticipated.

“Likewise, the diamond core into Kavanagh also shows mineralised structures in the predicted locations with visible gold.

“Both Speedy and Kavanagh have strong potential for Resource growth and extensional and infill drilling will continue throughout 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au

 

Matsa Resources Reports New Drilling Results from Lake Carey Gold Project

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THE DRILL SERGEANT: Matsa Resources (ASX: MAT) provided a market update on recent exploration drilling undertaken at the company’s Lake Carey gold project in the Eastern Goldfields of Western Australia.

Matsa Resources recently completed two diamond drill holes, one at the Fortitude North target and the other at the FF1 target.

The company explained a further eight diamond holes were also completed at the Devon target, however the results of this drilling were not available yet.

Assays received included:

2FFD001
9.4 metres at 3.27 grams per tonne gold from 120.8m at Fortitude North; and

22FNDD009
1m at 6.57g/t gold from 148m at FF1.

“Over the last few months, we have been busy at our Lake Carey gold project completing a number of ground magnetic and soil geochem surveys in support of exploration drilling which also commenced during the quarter,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“The aircore drilling completed to date has already identified new gold in basement anomalism at Phantom Well and Wilga West that adds to our exploration pipeline.

“With a focus on developing the area near the Fortitude gold mine, I’m particularly pleased to say we have recommenced drilling at Fortitude North.

“As a result of the reinterpretation of the Fortitude North mineralising and grade shoot geometry model, we have planned a staged diamond drilling program starting with a hole completed down dip of the northern most high-grade intercept to target an interpreted high-grade shoot.

“We are thrilled that the drilling has confirmed the existence of a higher-grade shoot, so follow-on drilling will be undertaken.

“Notably, the results of this drilling returned a thicker, higher-grade intercept in comparison to previous drilling in that part of Fortitude North.

“What I really like about this intercept is that it has returned 36 per cent more gold than the previous drill hole.

“What also bodes well for this prospect is that these results demonstrate that grades appear to increase as the exploration gets deeper.

“As we develop and improve our geological understanding of the Fortitude North prospect, these types of results give me high confidence we can deliver another Fortitude Gold Mine type resource of between 400,000 and 600,000 ounces in the not too distant future.

“Lastly, at FF1 only one kilometre to the north of Fortitude North, we’ve completed the very first diamond drill hole where in 2020, we defined a large gold in basement anomaly and overlying channel sands.

“It is promising to see an alteration zone of 19 metres in the core, which indicates strong fluid movement and suggests a fertile package of rocks.

“I’m looking forward to developing FF1’s story with more drilling and also drilling the untested large bullseye magnetic anomaly only a couple of hundred meters to the north.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

 

Web: www.matsa.com.au

 

Aurumin Hits Big Gold at Two Mile Hill

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THE DRILL SERGEANT: Aurumin Limited (ASX: AUN) received assay results for a second hole of a recently completed reverse circulation (RC) and diamond drilling program at the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.

Aurumin is conducting the drilling with the aims of both extending and better defining its previously reported Inferred underground Mineral Resource Estimate (MRE) of 14.2 million tonnes at 1.1 grams per tonne gold for 500,000 ounces of gold at Two Mile Hill.

Results from hole SN_TM_RD_22_0004 included a total intersection of:

224 metres at 1.5 grams per tonne gold from 229.6m down hole.

Highlights within this larger interval include:

49.6m at 2g/t gold from 269m;

20.2m at 2.6g/t gold from 325.2m;

12m at 3.7g/t gold from 381.4; and

9m at 2.2g/t gold from 427.2m.

“We are very happy with how Sandstone is progressing,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“We have been expanding our tenement footprint, looking for new deposits and advancing the currently inferred 500,000 ounces gold Two Mile Hill underground deposit with deep holes.

“This is another great result from Two Mile Hill.

“Like many other companies, we are frustrated by laboratory turnaround times on assays.

“We look forward to further results and, expect to see results for the final two diamond holes of the four hole program, this month.

“We continue to see the Two Mile Hill underground deposit as a key part of the project going forward, with the scale to potentially underpin future production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurumin.com.au

 

Web: www.aurumin.com.au

 

Sunshine Gold Continues Broad Copper Zone Growth at Ravenswood

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THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) received assay results from drilling recently undertaken on the Bank and Titov East prospects that are part of a 15 kilometres long mineralised corridor at the company’s Ravenswood West project in Queensland.

Sunshine Gold reported assay results have been returned for a five-hole reconnaissance RC drilling program at the Bank copper-gold-silver-molybdenum target, from which two holes, 22BKRC004 and 22BKRC005 contained increasing copper grades toward the end of hole, which the company interpreted to be suggesting a strengthening copper trend to the south of current drilling.

Further assay results were received from broad step off drilling at the Titov Main copper-gold-silver-molybdenum target that extended the length of mineralised zone to over 500 metres.

Titov Main is now defined to depths of 350m with an average intercept thickness of 81m.

Sunshine said assay results from hole 22TVRC012 had also confirmed continuity of a high-grade footwall zone the company had identified in previous drilling campaigns.

“The five RC hole reconnaissance program at the Bank has given us a solid vector to another porphyry copper-gold-silver-molybdenum system,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“The 70 metres thick intercept of copper mineralisation at the end of 22BKRC005 is a fantastic result from limited drill metres and will allow us to effectively test the Bank in our September drilling campaign.

“The results from the eastern end of Titov Main have returned more solid copper and molybdenum mineralisation.

“Titov is a significant mineral system, now delineated over 500 metres of strike, to depths of 350 metres with an average intercept thickness of 81 metres.

“The next round of pending results will incorporate those drilled into a strong IP conductor at Titov Main.

“We eagerly await the outstanding assay results and have already commenced follow up drill planning at the Bank, and our first drilling at Gagarin copper-gold-silver-molybdenum and Wilburs Hill gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Ausgold Gold Intercepts Further Expand KGP Potential

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THE DRILL SERGEANT: Ausgold (ASX: AUC) announced new gold hits from the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold’s latest drilling results follow the recent release of a Pre-feasibility Study (PFS) which demonstrated strong economics for the KGP that was backed up by a maiden 1.28 million ounce Ore Reserve.

The company explained the new drilling at the KGP is designed to add to the near-surface Resource and further expand the scale of the current Ore Reserve.

Reverse circulation (RC) drilling of 41 holes targeted gold mineralisation within the KGP that intercepted several zones of gold mineralisation both at depth and near-surface.

High-grade extensions to the Jinkas lode identified further potential beneath the current optimised pits, with drill results including:

BSRC1535
4m at 17.05 grams per tonne gold from 207m, including 2m at 33.86g/t gold from 208m; and

BSRC1537
7m at 6.99g/t gold from 133m including 2m at 23.3g/t gold from 133m.

The company expects near-surface mineralisation intercepted within the Central Zone will extend beyond the current Resource adding high-grade mineralisation within multiple zones of gold mineralisation.

Results include:

BSRC1473
8m at 2.04g/t gold from 8m, including 5m at 2.96g/t gold from 10m; (Jackson)

BSRC1476
5m at 2.98g/t gold from 31m, including 2m at 6.82g/t gold from 34m; (Jackson)

BSRC1531
8m at 1.83g/t gold from 31m, including 2m at 6.26g/t gold from 37m; (Jinkas)

BSRC1473
5m at 2.59g/t gold from 36m, including 3m at 3.8g/t gold from 38m; and (Jackson)

BSRC1521
8m at 1.5g/t gold from 92m, including 2m at 4.33g/t gold from 96m (White Dam)

“Ausgold is clearly demonstrating the potential of the Katanning Gold Project with the recent PFS delivering a large 1.28 million ounces Ore Reserve and these high-grade results from new drilling,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“It is pleasing to continue this momentum with near surface high-grade gold intersected as well as expanding the depth potential which remains open.

“Both add to the significant multi-million-ounce Resource potential of the project.

“The KGP is now shaping up to be one of the largest free-milling undeveloped gold projects in Western Australia.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Miramar Resources Reports Solid Gold Results from Highway Target

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported drill results from the company’s 80 per cent-owned Gidji JV project, located north of Kalgoorlie in the Eastern Goldfields of Western Australia.

Miramar Resources’ latest Gidji drilling results come from the Highway target, the fourth large aircore gold footprint the company has outlined at the project since listing in 2020.

Results from the Highway target include:

GJAC717
5m at 0.87 grams per tonne gold from 48m, including 1m at 1.87g/t gold;

GJAC718
1m at 2.9g/t gold from 52m;

GJAC721
4m at 2.95g/t gold from 48m, including 3m at 3.78g/t gold;

GJAC725
8m at 0.77g/t gold from 48m, 4m at 1.13g/t gold; and

GJAC727
1m at 2.53g/t gold from 51m.

“The new results from the Highway target emphasise the significant gold potential at Gidji being realised by Miramar through systematic exploration,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Over the last 18 months, we have outlined four large new gold targets at Gidji, each at least one kilometre long, and with multiple bedrock aircore intersections including several high-grade gold results.

“Despite straddling the Goldfields Highway and being located less than a 10-minute drive from Kalgoorlie, the Gidji project has clearly not been effectively explored until now.

“With only a handful of deeper holes completed to date, and many more planned, we look forward to continuing to uncover the full potential of the Gidji JV project.”

Miramar is set to commence a 12,000m aircore drilling campaign over the Boorara North target, which includes a further 4km long underexplored segment of the Boorara Shear Zone.

The company has interpreted th local geology of the Boorara North target to match that of the Paddington and Panglo deposits, and the Marylebone-Blackfriars-Highway area, and believes it has potential for gold and/or nickel sulphide mineralisation.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au