Miramar Resources Spots Lang Well lithium and REE Potential

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) completed a review of historic and government open file data for the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia.

Miramar Resources reported the review has highlighted multiple pegmatite occurrences indicating the potential for rare earth element (REE) and/or lithium mineralisation at the project.

Information extracted by the company from Geological Survey of Western Australia datasets revealed at least 50 mapped pegmatite occurrences within the Lang Well project, including outcropping pegmatites hitting over at least seven kilometres of strike in the northern half of the project.

The pegmatites occur in a sequence of granitic gneiss and mafic amphibolite that has been intruded by later Proterozoic dolerite dykes.

Lang Well has seen little exploration, with the only activity of note comprising an auger sampling program in 2009, samples from which were only analysed for a limited suite of elements.

Given the dates associated, there is little surprise there has been no recorded analysis of REEs or lithium for any of the pegmatite occurrences or the auger sampling.

Interestingly enough, the auger sampling was followed up by a 35 hole aircore program in 2010 across three lines, two of which are outside the current project tenement.

Inside the project, hole BADAC33 intersected anomalous REEs, including 4m at 0.15 per cent Total Rare Earth Oxides (TREO).

Holes 50m either side also encountered anomalous REEs.

“The Lang Well project covers a very large area with only about 20 per cent outcrop,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Most of the 50 recorded pegmatite occurrences occur in the outcropping area in the north whereas the single historical aircore traverse intersected anomalous REEs in an area of transported cover in the south east.

“We think it is highly likely therefore, that there is potential for a significant number of other pegmatite occurrences either outcropping or below shallow cover.”

Miramar signalled it would complete soil and rock chip sampling across the northern pegmatite trend and is planning a detailed drone magnetic survey over the south-eastern portion of the tenement to aid with an upcoming aircore drilling program that will test the auger gold anomalism.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au

 

Metal Hawk Commences Berehaven RC Drilling Program

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THE DRILL SERGEANT: Metal Hawk (ASX: MHK) has commenced up to 3,000m of RC drilling aimed at bedrock-testing priority nickel sulphide targets at the company’s Berehaven project south-east of Kalgoorlie in the West Australian goldfields.

Metal Hawk explained the RC drilling is on the heels of aircore (AC) drilling completed in December 2021 at the Commodore nickel sulphide discovery with the aim to define the fertile ultramafic stratigraphy trending north-northwest through the western half of the underexplored project area.

“The AC drilling has given us our first look at the geology along strike from Commodore and it clearly supports our interpretation, giving us more confidence with our targeting,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“With the new multi-element geochemical data, we are refining and prioritising this next stage of deeper RC drilling as we bedrock-test these quality EM targets.”

Since RC drilling commenced in September 2021, Metal Hawk has discovered high-grade nickel sulphide and gold mineralisation at the Berehaven project.

The company has consolidated over 90 square kilometres of underexplored tenure at Berehaven, which is situated north of the Blair Nickel sulphide deposit.

 

 

 

Email: admin@metalhawk.com.au

 

Web: www.metalhawk.com.au

 

Mt Monger Resources Commences RC Drilling Program

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THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) has kicked off a program of reverse circulation (RC) percussion drilling at the company’s Mt Monger gold project near Kalgoorlie in Western Australia.

Mt Monger Resources said the 2,000 to 2,500 metre drilling program is planned for the Duchess of York South, Red Dale North and Peters Dam prospect areas.

All prospect areas are high-priority targets identified by the company from historical drilling that intersected noteworthy gold mineralisation.

Other identification methods include Mt Monger’s recent soil sampling that highlighted potential for gold mineralised structures that are poorly tested by the historical drilling that was typically broad-spaced and shallow.

“A new phase of RC drilling targeting gold mineralisation is underway at our Mt Monger project,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“This work will focus on a number of different prospect areas where historical drilling has intersected mineralisation and where our recent soil sampling program has highlighted surface gold anomalies along potentially mineralised structures.

“Our exploration team has identified numerous opportunities for both increasing the size and continuity of known gold mineralisation and for potentially making new discoveries and we are keen test these targets with the drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au

 

Sunshine Gold Completes Maiden Resource Estimate at Triumph Gold Project

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THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) announced the maiden JORC 2012-compliant Mineral Resource Estimate for the company’s 100 per cent-owned Triumph gold project near Gladstone in Queensland.

The MRE has come in totalling 1.8 million tonnes at 2 grams per tonne gold for 118,000 ounces contained gold and was delivered just 16 months since Sunshine Gold commenced drilling in December 2020 at a discovery cost of $20.83 per ponce, plus acquisition cost of $3.39 per ounce.

The bulk of the Resource is located over approx. 1.25 kilometres of strike in the Triumph Southern Corridor, meaning the Resource comprises just some 25 per cent of the greater than 5km long Southern Corridor, providing potential for the company to grow along strike and at depth.

It is anticipated that further untested geophysical targets are likely to extend the Southern Corridor further.

“The maiden Resource at Triumph has initially focussed on small centres within the broader Southern Corridor – a mineralised network of coalescing faults and veins,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“There is certainly scope to extend the known mineralisation as the Resources remains open along strike and at depth.

“Mineralisation along the broader Southern Corridor, identified in previous drilling and IP geophysical data, is expected to further expand the Resource during 2022.

“Drilling will recommence at Triumph in June 2022, with a focus on extending the Resource in the Southern Corridor and delineating new Resources in the Northern Corridor near historic workings.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Bulletin Resources Confirms More High-Grade Spodumene at Ravensthorpe

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THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) reported laboratory assay results from recent mapping and rock-chip program undertaken on the company’s Ravensthorpe lithium project in Western Australia.

Bulletin Resources’ mapping of the four-kilometre Eastern Pegmatite Trend, which is open to the north, has located approx. 100 pegmatite outcrops to date.

Laboratory analysis has confirmed the high lithium grade nature of two newly identified outcropping and lag spodumene occurrences along the Eastern Pegmatite Trend.

Two rock chip samples of spodumene in pegmatite lag 800 metres to the north of the project’s Big pegmatite spodumene discovery returned high lithium grades of:

7.04 per cent lithium oxide (Li2O); and
1.49 per cent Li2O

Spodumene bearing pegmatite outcrop located 700m southwest of the previously reported spodumene in lag found at Big pegmatite was also sampled.

These two rock chip samples returned high lithium grades of:

6.8 per cent Li2O; and
2.17 per cent Li2O

“These two new finds of spodumene lithium mineralisation some distance from Big pegmatite complement the known spodumene occurrences at Big, Deep Purple and Creek pegmatites,” Bulletin Resources said in its ASX announcement.

“These additional finds of spodumene bearing pegmatite outcrops support and significantly increase the lithium prospectivity of the broader Eastern Pegmatite Trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bulletinresources.com

 

Web: www.bulletinresources.com

 

Azure Minerals Delivers Maiden Mineral Resource for Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) released the long-awaited maiden Mineral Resource Estimate (MRE) for the Andover deposit, the first prospect drilled in the company’s Andover nickel-copper-cobalt project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

The Andover deposit is estimated to contain 4.6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 51,700 tonnes of contained nickel, 21,700 tonnes of contained copper and 2,290 tonnes of contained cobalt at a cut-off grade of 0.5 per cent nickel (JORC 2012).

This includes a high-grade resource component of 2 million tonnes at 1.41 per cent nickel, 0.49 per cent copper and 0.06 per cent cobalt at a cut-off grade of 0.9 per cent nickel.

Azure described the estimate as being, “a robust resource with over 80 per cent of the Mineral Resource Estimate tonnes classified in the Indicated category”.

“I’m very pleased to present this maiden Mineral Resource for the Andover deposit, thereby achieving a key milestone in advancing the overall Andover project,” Azure Minerals managing director Tony Rovira said.

“This highlights the extraordinary potential that we have always recognised within the project and is just the beginning of a very exciting journey.

“The exploration team have excelled to have delivered the first resource only 18 months after starting exploration, while also discovering and now drilling significant nickel and copper sulphide mineralisation at several other prospects within the project area.”

Azure anticipates additional mineral resources will be defined at proximal prospects, including:

Ridgeway that has returned intersections of 6.3m at 3.59 per cent nickel, 4.9m at 3.5 per cent nickel, and 4.5m at 3.95 per cent nickel;

Seaview that has returned an intersection of 7m at 1.35 per cent Ni; and

Skyline, from which results are pending.

“With these plus other excellent targets like Atrium and Woodbrook that have yet to be drilled, I’m confident this is only the start of mineral resource definition at the Andover project,” Rovira said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

St George Mining Identifies New Mt Alexander Targets

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THE DRILL SERGEANT: St George Mining has been busy of late implementing activities and planned exploration programs at the company’s high-grade nickel-copper-PGE Mt Alexander project, located in the northern Yilgarn Craton of Western Australia.

St George Mining is applying a two-fold strategy: on one hand it is expanding areas of known high-grade massive sulphide mineralisation intersected near surface at Mt Alexander, while on the other it is testing several large conceptual targets it considers having potential to deliver a step change in the scale of the Mt Alexander project.

“Our systematic exploration continues to deliver encouraging results that support the potential for further significant mineralisation at Mt Alexander,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“With surface EM surveys having limited detection at depth, the seismic survey has been invaluable in mapping the host structures and revealing prospective areas for exploration.

“Further seismic surveys will assist with 3D structural interpretation and provide datasets needed to make more discoveries.

“The geological and structural interpretations continue to evolve with new exploration results.

“Our very experienced and committed technical team is also looking at new concepts and methods to provide additional information that can assist exploration targeting.”

Following a comprehensive review of all available technical data for Mt Alexander, five conceptual target areas with minimal or no previous drilling have been identified for priority testing.

• Ida Fault: an intersection of the Ida Fault and the Cathedrals Belt;

• Radar Prospect: a 2 to 3km long interpreted structural anomaly with interpreted basal intrusive, 1.5km east of Cathedrals Deposit along the Cathedrals Belt;

• Fish Hook Prospect: Over 4km long, 1km wide structural zone with multiple intrusive units interpreted from magnetic data; located 5km east of high-grade Cathedrals deposit along Cathedrals Belt;

• Granite/Greenstone Contact: an extensive area of granite/greenstone contact, north of outcropping central greenstone belt; and

• Bullseye Anomaly: an untested gravity and magnetic anomaly 1km north of Stricklands deposit.

Work on these conceptual target areas is planned to commence on site early in the June quarter.

“With advanced exploration underway around the known high-grade deposits at the Cathedrals Belt and recognition of five large, conceptual targets at Mt Alexander – plus the commencement of diamond drilling at Paterson – this year is shaping as very productive for the Company and a very exciting time,” Prineas said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stgm.com.au

Web: www.stgm.com.au

 

Genesis Minerals Increases Leonora Gold Resources Over 2Moz

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THE DRILL SERGEANT: Genesis Minerals announced an increase to the Mineral Resource at the company’s 100 per cent-owned Leonora gold project in Western Australia.

Genesis Minerals has increased the Leonora Resource by 409,000 ounces, taking it over the 2 million ounce mark.

The company expects the Resource, which comprises 39.3 million tonnes at 1.6 grams per tonne gold, will grow substantially given that the mineralisation remains open in every direction, plus drilling is ongoing and there is a host of assays pending from previous drilling.

The key changes to the Leonora Mineral Resources statement (compared to 31 March 2021) are:

• Total Mineral Resources – Increased by 409,000 ounces (+25%) to 2 million ounces;
• Puzzle Mineral Resources – Increased by 251,000 ounces (+396%) to 315,000 ounces;
• Admiral Mineral Resources – Increased by 103,000 ounces (+22%) to 562,000 ounces; and
• Orient Well Mineral Resources – Increased by 55,000 ounces (+22%) to 302,000 ounces.

After acquiring the Kookynie gold project in June 2020, Genesis has focused its activities on drilling the Admiral, Orient Well and Puzzle deposits, which it considered being ‘forgotten’ opportunities with virtually no exploration conducted for approx. 20 years.

As a result, there has been no drilling at the company’s Ulysses project over this period, where Resource remains unchanged at 838,000oz, (including a high-grade component of 363,000oz at 6.4g/t).

Extensional drilling at Ulysses is set to resume in 2022.

“Genesis has arrived as a central player in the tier-one district of Leonora,” Genesis Minerals managing director Raleigh Finlayson said.

“Genesis is financially robust, and we are building a leading team with extensive technical and corporate experience.

“This combination gives us an enviable platform for both organic and inorganic growth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investorrelations@genesisminerals.com.au

 

Web: www.genesisminerals.com.au

 

Musgrave Minerals Reports Strong Drill Results from Amarillo

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported gold assay results from reverse circulation (RC) drilling at the Amarillo prospect on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia.

The Amarillo prospect is south-west of the White Heat discovery and all the new high-grade intersections come from outside the current Mineral Resource estimate boundaries, which Musgrave said will enable future resource growth as further drilling continues to define and constrain the mineralisation.

Results include:

22MORC060
7 metres at 23.7 grams per tonne gold from 102m, including 1m at 118g/t gold from 107m; and

22MORC063
1m at 17.7g/t gold from 80m.

Two parallel lodes have now been identified at Amarillo with a combined strike of approximately 400m.

Resource definition drilling at Amarillo is currently being planned with a maiden resource estimate likely in late 2022.

“This is another series of good results and further confirmation that our exploration methodology at Cue is very effective,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further infill drilling is planned at the new Amarillo discovery to support a maiden Mineral Resource Estimate that will likely be completed in late 2022.

“The Resource Estimates for White Heat-Mosaic and Big Sky are progressing with the further receipt of drill results awaited, and will be announced on completion late next quarter.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Firefinch Increases Viper and N’Tiola Resources

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THE DRILL SERGEANT: Firefinch (ASX: FFX) has updated the Mineral Resource Estimates or the Viper and N’Tiola deposits within the company’s Morila gold project in Mali.

The updated Mineral Resource Estimate at Viper stands at 3.23 million tonnes at 1.15 grams per tonne gold for 119,000 ounces of gold, compared to the previous estimate of 1.55 million tonnes at 1.05g/t gold for 52,000 ounces of gold.

This includes 2.47 million tonnes at 1.16g/t gold for 93,000 ounces of gold in the Measured and Indicated categories.

The Viper deposit is approx. 26 kilometres from Morila and is accessed via a haul road from the plant.

Mineralisation at Viper has now been defined over 1.5 kilometres of strike and to depths of 200 metres.

The updated MRE at N’Tiola is 2.9 million tonnes at 1.03g/t gold for 96,000 ounces of gold.

This compares to the previous estimate of 2.43 million tonnes at 1.04g/t gold for 81,000 ounces of gold.

The Mineral Resource includes 2.55 million tonnes at 1.03g/t gold for 84,000 ounces in the Measured and Indicated categories.

The N’Tiola deposit is approx. 25 kilometres from the Morila plant, around 5 kilometres northeast of the Viper deposit and is also accessed via a haul road.

Drilling at N’Tiola in 2021 defined near-surface mineralisation at the northern and southern extremes of the deposit.

Drilling during 2022 will test for extensions to higher grade zones of mineralisation as well as test parallel zones inferred in geological interpretation.

“We set out to develop the satellite pits into a solid and confident source of ore to bridge between the tailings treatment operation that we inherited to full production form the Morila Super Pit,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“This investment in drilling has delivered that with now over 200,000 ounces of resource in these two deposits alone and we expect a solid increase in Reserves at these pits to follow.

“We are already delivering ore from Viper as we start to ramp up to full production from Morila.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com