Turaco Gold Confirms Satama Gold Discovery

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THE DRILL SERGEANT: Turaco Gold (ASX: TCG) has supplied The Resources Roadhouse Steak Sandwich Showdown at Diggers & Dealers next week with some meat to bite on by announcing assay results from recently completed RC drilling at the Satama gold discovery within the eastern permit of the company’s Eburnea gold project in central Côte d’Ivoire.

Results from the drilling include:

STRC0066
30 metres at 1.92 grams per tonne gold from 94m;

STRC0074
17m at 2.13g/t gold from 16m; and

STRC0082
5m at 5.96g/t gold from 115m.

The company declared the results confirm Satama as being a multi-kilometre strike length greenfield gold discovery that it expected to continue to grow.

“These latest drill results have shown Satama to be a large discovery over several kilometres in strike,” Turaco Gold managing director Justin Tremain said in the company’s ASX announcement.

“Results confirm good continuity of gold mineralisation over the plus-two kilometres drilled strike, which remains open in all directions and at depth.

“Encouragingly, grades appear to be improving at depth into the fresh rock where several plus 30 gram metre (grade x width) intersections have been returned.

“Drilling has also confirmed parallel lodes to the west of the main zone where shallow, step out drilling has been undertaken with assays pending.

“This 100 per cent-owned discovery is quickly evolving into Turaco’s flagship project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.turacogold.com.au

 

Cannon Resources Intersects Nickel Mineralisation Down Plunge at Sabre

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THE DRILL SERGEANT: Cannon Resources (ASX: CNR) will be well warmed up for The Resources Roadhouse Steak Sandwich Showdown at Diggers & Dealers next week after a recently completed deep diamond hole has more than doubled the vertical extent of nickel mineralisation at the Sabre prospect within the company’s Fisher East nickel project in Western Australia.

Cannon Resources reported that hole MFED122 intersected nickel sulphide mineralisation at 650 metres vertical depth from surface and beneath and down-plunge of the Sabre resource.

Results for MFED122 returned an intersection of:

6.4 metres at 1.3 per cent nickel and 0.43 grams per tonne palladium+platinum, including 5.1m at 1.5 per cent nickel.

A further zone of massive nickel sulphide was encountered of 0.5m at 5.3 per cent nickel.

“Hole MFED122 was drilled 520 metres down plunge and 350 metres vertically below the existing drilling at Sabre,” Cannon Resources CEO Steve Lynn said in the company’s ASX announcement.

“With such an aggressive step-out, we sited the hole towards the centre of the channel, to maximise our chances of success.

“To intersect the mineralisation as targeted is an exciting outcome that confirms the Sabre channel is mineralised to at least these depths.

“The grade is similar to the existing resource average, however a further interval of about 0.5 metres adjacent to the main zone, consists of massive nickel sulphide at 5.3 per cent nickel.

“This is interpreted to be remobilised and likely structurally emplaced into komatiite above the basal mineralised sequence.

“The search space remains open for further and thicker mineralised zones, and we are keen to test this area with DHEM at the earliest opportunity.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cannonres.com.au

 

Web: www.cannonres.com.au

 

Codrus Minerals Highlights Multiple Gold Zones at Middle Creek Project

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THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) headed off to Diggers & Dealers with a spring in its step following the release of encouraging assay results from a recently completed trenching program at the company’s 100 per cent-owned Middle Creek gold project, located near Nullagine in the Pilbara of Western Australia.

A recently completed work program involved excavation of 11 trenches to allow Codrus to carry out detailed mapping and sampling in areas where multiple gold anomalies were identified from previous soil and rock chip sampling.

Codrus reported the results of this program support the company’s view that this project has strong potential to host gold mineralisation.

Middle Creek is in a good neighbourhood with Novo Resources Corp nearby with its Beaton’s Creek gold project mining and processing ore at the Golden Eagle Plant located approximately 15km to the south-west of Codrus’ Middle Creek tenements.

To the north of Middle Creek, Calidus Resources is completing a Definitive Feasibility Study (DFS) on its high-grade Blue Spec gold project that contains Mineral Resources of 415,000 tonnes at 16.35 grams per tonne gold for 219,000 ounces of gold approximately 7km to the north-east.

“We are very encouraged by these results, which provide a clear indication of the widespread nature of gold mineralisation at Middle Creek,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“Given these tenements have never had a single drill-hole into them, this shows that the project is wide open for a significant discovery.

“The strategic location of the tenement package in the heart of the Nullagine gold mining district provides an important added imperative to our exploration approach.

“Calidus Resources has recently made the successful transition to production at Warrawoona and is completing a Definitive Feasibility Study on the Blue Spec deposit, located near our Middle Creek tenements.

“Blue Spec is an important part of their growth pipeline in the district.

“Other key players in this revitalised district include Novo Resources at their nearby Beatons Creek project, and of course the world-class Hemi deposit, owned by De Grey Mining.

“We are looking forward to receiving the remaining results from the final two trenches, which will pave the way for us to complete a targeting exercise to determine the next key steps.

“We have recently strengthened our strategic footprint with an application for a new package of tenements that complements our existing position across the Middle Creek Mining Centre.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Great Northern Minerals Defines Three High-Grade Zones at Douglas Creek Discovery

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THE DRILL SERGEANT: Great Northern Minerals (ASX: GNM) has been busy implementing exploration activities at the Douglas Creek IRGS (Intrusion-Related Gold System) discovery, located on the company’s Golden Ant project in North Queensland.

Great Northern’s geology team have completed an extensive program of geochemical sampling (soil and rock) and mapping to gain a deeper understanding of the Douglas Creek discovery.

This resulted in an area of approx. 125 hectares being mapped and sampled while a total of forty-nine rock samples were submitted for assay.

To date, mapping and sampling have defined three zones of extensive high-grade mineralisation.

Zone 1: is a semi continuous gossan breccia zone with a strike length in excess of 350 metres, averaging 20- 30m wide.

Zone 2: contains outcropping gossanous, quartz veined ± brecciation altered sandstone and rhyolitic rocks (limonitic-jarositic ± scorodite), spatially related to rhyolite dykes.

Zone 3: consists of scattered float and occasional sub crop over a NE-SW trending zone demonstrating limited outcrop, although highly anomalous soil geochemistry reflects subsurface anomalism.

“Douglas Creek continues to deliver and to grow, with our geology team delivering a further series of outstanding results from the follow up from the discovery of mineralisation in May 2022,” Great Northern Minerals CEO / managing director Cameron McLean said in the company’s ASX announcement.

“Mapping and sampling have defined an extensive intrusion-related gold system, with at least three zones of extensive outcropping mineralization.

“Sampling has returned peak assays of up to 8.6 grams per tonne gold, 194.1g/t silver and 10.9 per cent copper from Zone 1, 6g/t gold, 277.8g/t silver and 0.3 per cent copper from Zone 2 and 2.7g/t gold, 77.2g/t silver and 0.8 per cent copper from Zone 3.

“Our geology team has been following up these exciting results with a detailed soil sampling program, further rock chip sampling planned to be completed in August.

“We are also commencing drill design and approval activities.

“Douglas Creek represents a brand new discovery for the company with no historic drilling or workings.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@greatnorthernminerals.com.au

 

Web: www.greatnorthernminerals.com.au

 

 

Caspin Resources Confirms Serradella Prospect Potential

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) took to the rooftops to spruik the latest assay results achieved from the Serradella prospect, at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources declared the results had confirmed a PGE discovery with large scale potential at Serradella.

The results exceed the original discovery hole at Serradella the company had announced in March this year.

New drill results from the Serradella prospect include:

YARC0036
17m at 2.13 grams per tonne platinum+palladium+gold (3E) and 0.17 per cent nickel, including 3m at 5.48g/t 3E and 0.17 per cent nickel and 25m at 1.01g/t 3E and 0.16 per cent nickel.

YARC0042
8m at 1.04g/t 3E and 0.16 per cent nickel.

The company is starting to identify multiple mineralised zones at Serradella with continuity over several hundreds of metres and are open in multiple directions.

Recent drilling has demonstrated earlier efforts did not drill deep enough to intersect the lower high-grade zone of mineralisation, which has been interpreted to show mineralisation remains open down dip.

It is likely several holes from the past program will need to be extended with diamond tails upon recommencement of drilling.

“These results provide a major breakthrough for the project,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.

“We’ve always believed that Yarawindah has the potential for a large economic deposit of PGEs, nickel and copper.

“Now that potential is starting to be realised.

“These results far exceed the magnitude of our original discovery hole and confirms that we’re on a pathway to discovery.

“Whilst we celebrate this significant milestone for the project, we also acknowledge how much we have still to learn about this system.

“Whilst our broad scale targeting model still holds, we recognise there is an additional layer of more detailed control on high-grade mineralisation that we are yet to understand.

“We will need to infill the drill hole spacing to further define this high-grade zone, yet the best mineralisation may still lie beyond the deepest of our step-out holes.

“We can’t wait to see how the next phase of exploration unfolds.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Medallion Metals Moots Meridian Regional Potential

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THE DRILL SERGEANT: Medallion Metals (ASX:MM8) reported further drilling results from outside the current Minerals Resource Estimate at the company’s Kundip Mining Centre (KMC) near Ravensthorpe in Western Australia.

Medallion Metals received results from Phase 2 drilling undertaken at the regional Meridian prospect that is situated approx. 21 kms along strike from the KMC, which hosts the current JORC 2012 MRE of 1.4 million ounces at 2.6 grams per tonne gold equivalent.

Medallion considers the latest results to reinforce the multi-million ounce potential of the Ravensthorpe gold project with recent intercepts including:

DD22MR023
3.5 metres at 17.45 grams per tonne gold, 0.26 per cent copper, 3.12g/t silver from 133m; and

RC22MR024
8m at 3.45g/t gold, 0.27 per cent copper, 5.81g/t gold from 122m.

“The positive results from second phase drilling at Meridian are very encouraging,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“As well as the high grades we’re seeing sulphides and anomalous gold in all the holes demonstrating the structures are open.

“Drilling remains wide spaced so we have confidence Meridian is a mineralised system with scale and there is plenty of scope to expand.

“Located over 21 kilometres along strike from the 1.4 million ounce gold equivalent resource at Kundip, Meridian reinforces the multi-million ounce potential of Medallion’s dominant landholding across the Annabelle volcanics.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

 

BlackEarth Minerals Upgrades Razafy Graphite Resource

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THE DRILL SERGEANT: BlackEarth Minerals (ASX: BEM) announced an increase to the graphite Resource at the company’s 100 per cent-owned Maniry graphite project in Southern Madagascar.

The increase stems from the completion of infill and extension drilling at the project’s Razafy Resource.

The updated Razafy Mineral Resource estimate reported above a 3 per cent total graphitic carbon (TGC) cut-off is as follows:

Indicated Mineral Resource: 13.6 million tonnes at 6.5 per cent TGC
Inferred Mineral Resource: 12.1million tonnes at 5.9 per cent TGC

For a total Indicated + Inferred Mineral Resource of 25.7 million tonnes at 6.2 per cent TGC.

“The success at Maniry of discovering and continual upgrading the Mineral Resources at Maniry is testament to the exceptional potential that exists at the project,” BlackEarth Minerals managing director Tom Revy said in the company’s ASX announcement.

“This updated and expanded Mineral Resource will be incorporated into the current Maniry DFS and has the potential to significantly increase the proposed mine life for Maniry.

“Work continues on the Razafy Northwest area with an updated Mineral Resource expected ahead of the completion of the Maniry DFS.

“All assays from recent drilling in the area have now been received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@blackearthminerals.com.au

 

Web: www.blackearthminerals.com.au

 

Dreadnought Resources’ Drilling Confirms 3km Strike of Rare Earth Ironstones at Yin

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) declared confirmation of genuine scale potential following RC drilling at the Yin rare earth element (REE) prospect within the company’s 100 per cent-owned Mangaroon project in the Gascoyne Region of Western Australia.

Dreadnought Resources said the recently conducted drilling had confirmed the genuine scale potential of REEs having identified mineralised ironstones over three kilometres of strike remaining open in all directions and at depth.

The company has to date, completed 67 RC holes, which besides providing confirmation of the REE ironstones, also include further evidence of parallel lodes along strike.

Dreadnought expressed encouragement from 87 per cent of holes drilled to date having intersected mineralisation as confirmed by pXRF in the field.

That initial enthusiasm will need to be checked for now as initial assay results have experienced delay in the lab and are now expected in late July 2022, with further assays expected to follow regularly thereafter.

“Drilling at Yin continues to exceed expectations,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With a second rig mobilising to site, we are confident that Yin will produce a substantial initial rare earth Mineral Resource by the end of the year.

“Once drilling at Yin is complete, the rigs will move to Y3 and C1-C5 to test additional REE targets.

“We are seeing genuine scale here with runs already on the board and 66 further anomalies recently identified.

“We also expect to confirm high-grade potential with first assays due back in late July 2022.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Charger Metals Commences Drilling at Coates Project

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported it has diamond drilling underway to test geochemistry and geophysical targets, which it believes may represent nickel, copper and PGE mineralisation at the Coates nickel-copper-cobalt-gold-PGE project outside Perth in Western Australia.

Charger metals keenness to get out drilling the Coates project has everything to do with the project containing a mafic intrusive complex within the Jimperding Metamorphic Belt, which also hosts the Julimar – Gonneville nickel-copper-PGE project owned by Chalice Mining (ASX: CHN) that sits practically next door.

The company has commenced drilling of five diamond drill holes designed to test the upper levels of a T1 geophysical target and extensions highlighted by recently conducted regolith geochemistry testing.

“We are very pleased to get the company’s maiden drilling campaign underway at the Coates project which will test a compelling nickel-copper-PGE target,” Charger Metals managing director David Crook said in the company’s ASX announcement.

“When we combine the interpretation provided by our geophysical consultant of the completed fixed-loop electromagnetic survey with our existing geochemical data, we have produced an outstanding drill target in the emerging Western Yilgarn PGE and nickel province.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@chargermetals.com.au

 

Web: www.chargermetals.com.au

 

Global Lithium Resources Encounters Manna Lithium Pegmatites

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported new results from a drilling program underway at the company’s Manna lithium project, located 100km east of Kalgoorlie in Western Australia.

A current diamond drilling program is following recent RC drilling, which from a single hole drilled within the known Resource, returned multiple wide LCT pegmatite intercepts of greater than 10m, which the company claims to further confirm the potential of the Manna lithium deposit.

Global Lithium said the diamond drilling campaign is showing the Manna Lithium bearing pegmatites extend up to 150m down dip past the current resource outline, adding that even deeper diamond drilling is planned to test the extent of the known deposit at depth.

“It’s very encouraging to see these great results at such an early stage of the drilling program and they further cement the company’s decision to acquire an 80 per cent interest in the Manna lithium project,” Global Lithium Resources head of geology Stuart Peterson said in the company’s ASX announcement.

“Further deeper diamond drilling will allow the Lithium bearing pegmatites to be targeted to a depth that has never been reached before at Manna, and potentially add critical mass to the size of the deposit which is due to be updated later this year.”

The Manna lithium project hosts a maiden Inferred Mineral Resource of 9.9 million tonnes at 1.14 per cent lithium oxide (Li2O).

Global lithium anticipates a Mineral Resource update to follow the drilling program along with additional metallurgical test work in Q4 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au