Medallion Metals Increases Kundip Resource

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THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported an expanded JORC 2012 Mineral Resource Estimate (MRE) at the Kundip Mining Centre (KMC), part of the company’s 100 per cent-owned flagship Ravensthorpe gold project (RGP) in Western Australia.

The updated MRE at KMC has come in at 16.5 million tonnes at 2.1 grams per tonne gold and 0.3 per cent copper for 1.1 million ounces of gold and 50,000 tonnes of copper metal contained.

Of note, 67 per cent of the gold estimated is in the Indicated category, the remainder in Inferred.

The revised gold content represents a 64 per cent increase from the previous MRE of 674,000 ounces of gold at 2.4g/t.

Silver is also contained in the expanded MRE to the tune of 1.3 million ounces.

“This result is outstanding on all metrics and comprehensively exceeds our expectations when Medallion listed in March 2021,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“It is the culmination of an enormous effort by the Medallion team and I pay credit to their vision and perseverance.

“The result also represents a significant milestone for the business and its shareholders as we have clearly demonstrated that KMC is an asset of scale and significance.

“The company is on a trajectory to achieve critical mass to support the development of a long-life, low-cost gold and copper business in Ravensthorpe.

“We expect further significant growth in resources to come from both KMC and our priority regional targets in the near term, with another circa 20,000 metres of drilling already completed and being processed to inform the next update.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Forrestania Resources Hits Further Strong Gold Results at Black Prince

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THE DRILL SERGEANT: Forrestania Resources (ASX: FRS) reported further assay results from field work completed at the Black Prince gold prospect within the company’s Forrestania project in the Goldfields – Esperance region of Western Australia.

Results of high-grade gold rock chips received from Black Prince field work included:

6.1 grams per tonne gold (FR000191)
5.6g/t gold (FR000145)
4.5g/t gold (FR000129)

Forrestania Resources indicated planning has commenced for an initial drill program on the back of the results it says confirm the presence of strong surface gold anomalism over a strike length of approx. 2.3 kilometres.

“At Black Prince we continue to see a strong correlation between gold anomalism from rock chips and soil sampling with northwest orientated structures identified from the geophysical survey recently completed at the Forrestania project,” Forrestania Resources chief executive officer Angus Thomson said in the company’s ASX announcement.

“An environmental survey has been completed at the prosect and a POW approval has recently been received with planning for an initial drill program at Black Prince now underway.

“This is an exciting time for Forrestania as we continue to progress our field work and approvals ahead of pending drill programs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: corporate@emmersonresources.com.au

 

Web: www.emmersonresources.com.au

 

Emmerson Resources Intersects Visual Gold and Copper at Hermitage

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THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) reported hitting visual gold and copper whilst drilling at the company’s Hermitage project in Tennant Creek.

Emmerson Resources declared the latest drillhole completed at Hermitage (HERCDD010) to have intersected:

o Extensive malachite in voids and vugs within hematite ironstone (from 74m down hole);

o Native copper both in the ironstone and as vug fill;

o Visible gold in massive hematite-magnetite-quartz that is terminated by a 10m wide fault/shear zone (at 171m);

o Chalcopyrite as veins, fractures, and cement in quartz-dolomite-hematite hydrothermal breccia (below the fault) and as blebs (to 190m) before finally intersecting; and

o Chalcopyrite and bornite in stockwork quartz veins, fractures and stringers that gradually grade to minor blebs/specks of chalcopyrite (at 222m down the hole).

Emmerson explained HERCDD010 was drilled as an angled scissor hole in the opposite direction to previous drilling to test below the fault encountered by discovery drill hole HERC003 (116m at 3.4% copper and 0.88g/t gold) and confirms that copper mineralisation continues at depth.

“Hermitage is shaping up as one of our most exciting projects and continues to exhibit hallmarks of a significant gold-copper discovery,” Emmerson Resources managing director Rob Bills said in the company’s ASX announcement.

“New zones of mineralisation continue to be intersected with this latest drill hole intersecting visible gold, plus a new zone copper mineralisation below the fault that truncated the previous high-grade gold and copper in discovery drill hole HERCDD003.

“This new zone of copper mineralisation consists of bornite-chalcopyrite hosted by breccias and stockwork quartz veins – interpreted to be the feeder conduit to the overlying hematite-magnetite ironstones.

“The mineralisation is hosted in multiple, east-west striking structurally controlled, ironstone bodies that are steeply north plunging, and now with this intersection, are also open down plunge.

“Whilst the tabular to pipelike geometry of the mineralisation constrains the surface (horizontal) footprint as is typical in most of the Tennant Creek iron-oxide copper-gold deposits, the grade and plunge extent are the main determinants of the future potential.

“Furthermore, there are now three distinct targets at Hermitage that include: shallow copper in the oxide zone; gold associated with massive hematite and, primary copper mineralisation below the fault hosted in breccias, stockwork veins and fractures.

“This has important exploration implications both at Hermitage in terms of further potential but also in the region where the stockwork and fracture-controlled chalcopyrite-bornite mineralisation represents a new target.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: corporate@emmersonresources.com.au

Web: www.emmersonresources.com.au

 

Ardiden Drills Pickle Lake Upside Confirmation

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THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) informed the market on initial gold assay results from the company’s Pickle Lake gold project in Canada.

Ardiden reported the first three holes to be assayed of its current 7000m Western Hub drill program at Pickle Lake demonstrated visual gold and massive sulphide intervals and included assay results of:

Esker Prospect

WP22-03
148 grams per tonne gold and 57g/t silver (70.29-70.59m)

Tonsil Prospect

DD22-04
33.6g/t gold (117.5-117.8m); and

DD22-03
9.45g/t gold (107.5-108.2m).

Ardiden claims to have noted visual gold, sulphides and alteration in initial drilling at four gold prospects (Esker, Tonsil, Dobie and Dorothy) with 29 holes and 4,000m of the 7,000m program completed to date.

“We are extremely pleased to report these high-grade gold results from the first three holes assayed of the 7,000 metres program along the Western Hub,” Ardiden managing director and CEO Rob Longley said in the company’s ASX announcement.

“We will have results from another 26 completed holes to report progressively, and at least another 3,000 metres of drilling to go in this program.

“This confirms our targeting strategy along the Golden Patricia trend and supports our broader vision for what we anticipate at Pickle Lake as we better understand the controls of gold mineralisation and opportunities to make significant discoveries.”

Ardiden also reported receipt of two additional exploration permits from the Ontario Mines Department (MDMNRF) to work on the Meen-Cooper area, northwest of Dorothy, and the East Patricia area, east of Esker.

Ardiden now has a fully permitted 60 kilometres strike length of highly prospective brownfields gold opportunities along the Western Hub across its plus-100km-wide gold project.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ardiden.com.au

Web: www.ardiden.com.au

 

Global Lithium Resources Continues MBLP Drilling Hits

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) set an early Friday morning alarm to report further lithium assay results from the Exploration Program underway at the company’s wholly-owned Marble Bar lithium project (MBLP) near Port Hedland in the Pilbara region of Western Australia.

Global Lithium’s recent drilling efforts have continued to deliver intervals of lithium mineralisation at the MBLP, including:

MBRC0258
11m at 1.42 per cent lithium (Li2O) and 62ppm tantalum (Ta2O5) from 25m;

MBRC0269
12m at 0.88 per cent Li2O and 44ppm Ta2O5 from 82m;

MBRC0270
9m at 1.09 per cent Li2O and 61ppm Ta2O5 from 44m;

MBRC0271
10m at 0.81 per cent Li2O and 80ppm Ta2O5 from 40m;

MBRC0300
7m at 1.00 per cent Li2O and 71ppm Ta2O5 from 24m; and

MBRC0310
7m at 1.82 per cent Li2O and 66ppm Ta2O5 from 20m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Global Lithium said the wide intervals encountered by the drilling continue to demonstrate the robustness of the MBLP and enhance the opportunities for increasing the resource base in proximity to the current Archer deposit and along strike further to the south and east.

Ongoing drilling will target these lithium mineralised pegmatites to establish their prospectivity both along strike and down dip.

“Commencing in February 2022, our 60,000 metres exploration drilling program has continued to build momentum at the MBLP, with lithium intercepts continuing along the greater than six kilometres strike of the mineralisation already identified within the project area,” Global Lithium head of geology Stuart Peterson said in the company’s ASX announcement.

“The results highlight the prospectivity of the area, particularly as the drilling moves to the southern and eastern areas of GL1’s tenement package.

“The drilling program supports the targeting effort by the Global Lithium and CSA Global geology teams and provides a strong platform for future growth.

“Our immediate exploration focus, to add shareholder value across our two assets, remains clearly defined.

“Firstly, deliver the ongoing CY2022 program at MBLP, including the highly prospective targets that remain untested and secondly, safely execute a 20,000 metres drilling and exploration campaign at the Manna lithium project in the Goldfields region.

“To our knowledge, we are the only lithium company to be drilling at two independent lithium project sites in the globally recognised, tier 1 lithium mining jurisdiction of Western Australia.”

 

 

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au

 

 

Dreadnought Resources Completes Mangaroon Drilling

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) was up with the sparrows today to let market pundits know of the completion of recent drilling activities at the Money Intrusion, part of the company’s Mangaroon nickel-copper-PGE project in the Gascoyne Region of Western Australia.

Dreadnought Resources reported drilling of twelve RC holes to confirm nickel-copper-PGE mineralisation, to better understand the morphology of the Money Intrusion, and to provide down hole EM survey platforms to explore the intrusion at depth.

The company claimed the drilling confirmed visual disseminated to net-textured/brecciated sulphide mineralisation in nine of the twelve holes drilled.

Drilling of the intrusion is said to have confirmed a bladed /funnel like shape with magmatic sulphides occurring along the base of the intrusion highlighting the potential for sulphide accumulations at depth.

Dreadnought said the presence of high-tenor magmatic sulphides at the base of the intrusion confirms the intrusion as fertile and highly prospective for nickel-copper-PGE mineralisation.

Down hole EM surveys will commence in July 2022 with survey and assay results expected in July/August 2022.

“The potential of the Money Intrusion to host significant, high tenor nickel-copper-PGE mineralisation has been underscored with nine out of twelve drill holes intersecting disseminated to net-textured nickel-copper sulphides along both sides of a bladed to funnel shaped mafic intrusion,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With only a handful of relatively shallow holes drilled to date, the Dreadnought-First Quantum team have confirmed a large scale, fertile nickel-copper-PGE system.

“We look forward to the down hole EM survey and assay results and working together with First Quantum to determine the next steps in testing the Money Intrusion.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@dreadnoughtresources.com.au

 

Web: www.dreadnoughtresources.com.au

 

Black Cat Syndicate Gets Final Grade Control Drilling Underway at Myhree Open Pit

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) greeted early Friday morning risers with news of the resumption of grade control drilling at Myhree, located within the company’s Kal East gold project in Western Australia.

Black Cat Syndicate reported a RC drill rig has been mobilised to Myhree to complete the remaining 50 per cent of grade control drilling over the upper 50 metres of the Open pit Ore Reserves of 0.7 million tonnes at 2.2 grams per tonne gold for 52,000 ounces that have been defined at Myhree.

The program is expected to be completed in June 2022 with assays available July 2022.

On conclusion of this program, all pre-development drilling at Myhree will be complete.

This will allow mining to 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.

“Myhree was discovered in 2018 and it is a significant achievement by the team to have the open pit portion of the deposit in a position to be mined by July 2022,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The current program will complete the remaining grade control drilling to 50 metres depth below surface and will be completed this month.

“A small amount of sterilisation drilling will also be conducted as part of our pre-mining activities around Myhree.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au

 

Medallion Metals Step Out Hole Intersects Visual Mineralisation

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THE DRILL SERGEANT: Medallion Metals (ASX: MM8) has encountered visual gold in diamond drilling recently undertaken at the Harbour View and May deposits that are part of the company’s Kundip Mining Centre (KMC) in Western Australia.

Medallion Metals completed step out holes targeting extensions to the Harbour View and May lodes that intersected visual quartz-sulphide mineralisation up to 180 metres from closest previous drilling.

The company declared the intersections to be characteristic Kundip style quartz-pyrite-chalcopyrite veins that indicate an extension to known mineralisation, with the nearest holes returning:

DD21KP997
2.38 metres at 4.26 grams per tonne gold, 7.19 per cent copper, 37.35g/t silver from 231.22m; and

DD18KP884
1.75m at 4.08g/t gold, 17.94 per cent copper, 40.4g/t Ag from 173.0m.

The Harbour View deposit is situated in the central area of KMC within the company’s greater Ravensthorpe gold project (RGP).

Medallion Metals said the visual estimations of mineralisation intersected by the diamond drilling at Harbour View South lode have confirmed an approx. 180 metres strike extension to the south, validating the company’s current geological model.

“These outstanding visual results are evidence of significant extensions of the Harbour View and May structures and provides further confidence in the structural and geological continuity of mineralisation,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Our project team is developing an excellent handle on what is controlling this system and these results demonstrate our ability to materially extend mineralisation quickly and efficiently.

“Subject to assay results, shareholders should expect to see further resource growth in this area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

Web: www.medallionmetals.com.au

 

 

E79 Gold Mines Drills Pinjin JV Gold Target

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THE DRILL SERGEANT: E79 Gold Mines (ASX: E79) reported further assay results received for Target 3, at the company’s Laverton South project in Western Australia.

E79 Gold completed air-core drilling at the Pinjin JV with St Barbara (ASX: SBM) from November 2021 to February 2022 across three target areas, resulting in 81 holes for 3,342m over Target 3.

Assay results from the first 40 holes of the program were released in April, now further results for the remainder of the aircore program at Target 3 show gold anomalism has been extended by 900 metres to the south, for a total strike extent of over 1,600m.

“The final air-core results from Target 3 show that a robust gold target is starting to emerge over a significant strike extent in excess of 1,600 metres,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“Multiple coherent zones are demonstrating anomalism for both gold and gold pathfinder elements, with a number of drill holes ending in strong gold anomalism in bedrock.

“This is important as the anomalism sits below the large regional paleochannel and represents in-situ gold mineralisation, which has not been drill tested at depth.

“End-of-hole spectral data provides evidence for gold deposition being controlled by large-scale oxidised / reduced fluid mixing, which is a trait common of the larger gold mines within the Laverton region.

“Our work on this target to date remains wide-spaced reconnaissance drilling which will be in-filled to better define targets for reverse-circulation drill testing.

“Notwithstanding the disappointing and industry-wide delays in receiving assays, E79 Gold Mines is executing its systematic testing of targets within the company’s highly prospective tenure packages, and we are very pleased with the results achieved to date which is establishing the basis for realising the potential for meaningful discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@e79gold.com.au

Web: www.e79gold.com.au

 

 

Galileo Mining Drilling at Callisto Palladium Discovery

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) has kicked off RC drilling at the company’s 100 per cent-owned Callisto palladium discovery within the Norseman project area in Western Australia.

Galileo Mining has a 4,000-metre program planned that is anticipated to run for approximately five weeks.

The drill program is focussed on the Callisto discovery and is intended to follow up on previous drilling of six drill holes reported in May that each intersected palladium-platinum-gold-copper-nickel sulphide intersections.

Of these, NRC266 was also analysed for rhodium with positive results subsequently released to the market.

“It is great to be back drilling at Callisto so soon after the release of results from the first drill program in May,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“The current drilling aims to expand on the early results with drilling designed at a 50 metre spacing across strike to be followed by drill lines along strike to the north.

“The mineralisation intersected to date contains palladium, platinum, gold, copper, nickel, and rhodium, and the grades appear to be increasing towards the eastern target zone.

“The extensive prospective strike, combined with the thick and consistent mineralisation drilled to date, indicates the potential for a large mineralised system.

“Approximately 20 holes will be undertaken in this round of drilling and we look forward to updating the market with results from this exciting new discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@galmining.com.au

 

Web: www.galileomining.com.au