Aurumin Identifies Mt Palmer Lithium Potential

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THE DRILL SERGEANT: Aurumin (ASX: AUN) released some interesting news regarding the company’s 100 per cent-owned Mt Palmer project in Western Australia.

Although Mt Palmer has a history of high-grade gold production, producing approximately 158,000 ounces at 15.9g/t gold before ceasing commercial operations in 1944, Aurumin claims to have confirmed prospectivity for lithium pegmatites within the project.

Aurumin completed a broad spaced Ultrafine soil sampling program in the southern portion of its Mt Palmer tenements, collecting around 350 samples.

The company explained a preliminary assessment of these samples using a desktop XRF Bruker CTX instrument was completed by Portable Spectral Services, using that company’s in-house developed and proprietary Lithium Index Calibration that acts as a proxy for lithium concentrations as pXRF instruments are unable to directly detect lithium.

The Lithium Index identified multiple targets, some of which are coincident with historically logged pegmatite in drilling with intercepts up to 50m downhole and where outcropping pegmatite has been observed from field work.

“Pegmatites are well known around the Mt Palmer area, and they cut-off some of the gold lodes at the historical Mt Palmer mine,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“As exploration work for 2022 has a more regional focus we have been considering other commodities.

“The recent identification of flatter lying pegmatites in the south of our tenements, analogous to those of Mt Holland, is a result of continuing to build our dataset from pre-digital records and shows the value of this work.

“We are pleased to add this extra dimension to Mt Palmer for 2022 and the program is prospective for both gold and lithium.

“Our phase 1 soil samples and associated rock chip samples are currently at the laboratory for full multi element analysis.

“An infill (phase 2) soil sampling program, is currently in progress and we plan to undertake a reconnaissance drilling program as soon as practicable after receiving approvals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurumin.com.au

 

Web: www.aurumin.com.au

 

Stavely Minerals Scores High-Grade Gold Results at Toora West

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THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported results from recently completed follow-up diamond drilling at the Toora West porphyry prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in western Victoria.

Stavely Minerals commenced the three diamond hole program at the Toora West prospect in early December 2021, which was completed in early January 2022 to follow-up to previously announced aircore drilling results.

The company declared the drilling to have confirmed the presence of porphyry-style copper and molybdenum mineralisation as well as a later phase of unexpected high-grade gold mineralisation associated with the copper sulphide tetrahedrite.

Diamond drill hole STWD005 intersected two high-grade gold zones including:

0.6 metres at 4.27 grams per tonne gold, 0.31 per cent copper, 2.6g/t silver and 130ppm molybdenum 274.2m; and
0.6m at 8.72g/t gold, 1.85 per cent copper, 5.2g/t silver and 151ppm molybdenum from 286.7m

Drill hole STWD006 (the northernmost diamond drill hole) intersected an interval of low-grade copper anomalism, terminated by a fault, including:

27m at 0.15 per cent copper from 112m down-hole.

Drill hole STWD007 intersected an interval of silver mineralisation near-surface and deeper intervals of copper and molybdenum mineralisation:

16m at 16g/t silver from 52m, including 1m at 150g/t silver from 65m;
27m at 0.14 per cent copper from 268m;
2m at 0.24 per cent copper, 0.19 g/t gold, 1.8g/t silver and 103ppm Mo from 335m;
1m at 0.19 per cent molybdenum from 477m; and
1m at 0.13 per cent molybdenum from 495m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

“While the Toora West porphyry prospect is at an early stage of reconnaissance exploration, we are excited by what our recent drilling and geophysical programs have revealed,” Stavely Minerals chair and managing director Chris Cairns said in the company’s ASX announcement.

“It is a real positive that our regional targeting methodology has been so successful in identifying ‘blind’ targets under basalt and transported cover with a success rate of around 80 per cent to date.

“The key attributes that are providing encouragement to vector into a shallow porphyry target include potassic alteration in the form of secondary biotite (a potassium-rich mica) and potassium feldspar alteration on the margin of porphyry-style quartz-sulphide veins.

“The sulphide assemblage includes pyrite, molybdenite, chalcopyrite and bornite mineralisation.

“It is also very pleasing that the system demonstrates potential for high-grade gold as a late mineralisation phase.

“Additionally, the unidirectional solidification textures noted in drill core indicate we are at the top of a porphyry system.

“This suggests that we are not looking at a porphyry target that is at a kilometre depth, it is likely much closer to surface.

“A recently completed drone magnetic survey has highlighted a distinct magnetic high with a concentric magnetic low annulus in an area where recently completed aircore drill holes are logged as displaying potassic alteration.

“The magnetic feature in combination with the potassic alteration presents a very compelling drill target.”

 

 

 

Email: info@stavely.com.au

 

Web: www.stavely.com.au

 

 

Galan Lithium Surveys Positive Anomalous Soil Assays at Greenbushes South

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) recently completed the first exploration sampling and mapping work undertaken by the company at its Greenbushes South lithium project in Western Australia.

The Greenbushes South lithium project is a Joint Venture between Galan (80%) and Lithium Australia (ASX: LIT) (20%).

Galan Lithium has received the results of a completed geochemical survey covering 425 soil samples and 14 rock chip samples taken at the northern edge of its E70/4790 tenement and at the mapped location of the Donnybrook-Bridgetown Shear Zone (DBSZ).

The DBSZ a primarily associated with syntectonic emplacement of the lithium-bearing pegmatites of the Greenbushes mine to the north.

After the raw data from the survey has been processed it will be sent to Southern Geoscience Consultants, who have been contracted to interpret results for potential lithium targets.

Pathfinder elements such as arsenic and antimony have been demonstrated in elevated levels in soil samples near the trace of the DBSZ.

When combined with historical data in the area, Galan believes this indicates the strong potential for pegmatite targets within pending applications to the north.

Other pathfinder elements such as tin and rubidium show a broad lag signal east of the DBSZ.

“We are excited with the prospectivity at our Greenbushes South lithium project and are encouraged with the new soil sample results that continue to indicate that the tracing elements that are found within the Donnybrook sheer zone may well host lithium pegmatites the same as in the Greenbushes mine bordering to the north of our tenements,” Galan Lithium managing director JP Vargas de la Vega said in the company’s ASX announcement.

“Galan looks forward to further strengthening its geological data and knowledge within its tenements as soon as the report from our consultants is completed.

“The results will formulate our next exploration phase when we will be able to generate and prioritise specific exploration targets in the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

Caspin Resources Identifies New Conductors from Airborne Electromagnetic Survey

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) has completed a third, and final, airborne electromagnetic (AEM) survey at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources has now achieved project-wide AEM coverage, which the company says provides critical, first-pass data for the exploration of sulphide-rich, nickel-copper-PGE deposits.

The latest survey comprised approximately 1,200 line-km, on 100m spaced lines, covering 200 square kilometres along the Yarawindah Brook project’s western and northern margins, identifying several new high-quality conductors the company has interpreted to potentially represent bedrock sulphide sources.

Caspin has ranked the conductors based on their geophysical characteristics so it can plan systematic follow-up exploration programs.

Most of the conductors sit within a cluster on the Brassica trend, from which two high priority targets, XC-45 and XC-46 have emerged as strong late-time anomalies with continuity across multiple survey lines.

These anomalies appear to be in a different stratigraphic position to the previously drilled XC-05 and XC-06 conductors which intersected anomalous levels of nickel and copper sulphide in mafic rocks.

The XC-46 conductor is currently accessible and will be drilled as part of Caspin’s current drill campaign.

Caspin indicated thehe XC-22 prospect remains its current exploration focus with drilling progressing steadily, however, the company maintained it is also committed to systematically exploring the entire Yarawindah Brook project.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Gascoyne Resources Amps Up Dalgaranga Exploration Activity

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) is making good progress with the near-mine exploration strategy being implemented at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources reported new results from across multiple existing and emerging prospects, including assay results from the recently discovered zone of gold mineralisation located immediately north of the Gilbey’s open pit, the main ore source, along with further high-grade results outside the current Mineral Resource envelope at the active Plymouth Open Pit and encouraging first-pass results from the Lindville prospect, eight kilometres north of the Dalgaranga plant.

Close-spaced follow-up drilling at Gilbey’s North, immediately north of the main operating pit at Dalgaranga, delivered a series of shallow high-grade gold intercepts including:

DGRC0794
9 metres at 1.28 grams per tonne gold from surface and 29m at 1.81g/t gold from 16m, including 18m at 2.52g/t gold;

DGRC0795
38m at 2.46g/t gold from 11m, including 20m at 4g/t gold; and

DGRC0796
5m at 1.58g/t gold from 2m and 7m at 1.87g/t gold from 25m.

Drill testing to evaluate the extent of gold mineralisation at the active Plymouth Open Pit returned additional assays outside the current Resource envelope including:

DGRC0780
4m at 5.59g/t gold from 56m; and

DGRC0810
7m at 2.61g/t gold from 87m, including 4m at 4.08g/t gold.

Gascoyne has a new JORC 2012 compliant Mineral Resource Estimate (MRE) underway for the active Plymouth open pit encompassing recent drilling results.

A maiden JORC 2012 MRE for the Archie Rose prospect is also nearing completion and due for release in the coming weeks.

“Gilbey’s North is shaping up as a real game-changer for the company,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“These latest results demonstrate the continuity of consistent, thick zones of high-grade gold mineralisation both along strike and at depth – an outstanding result.

“Our smaller capacity rig has been very busy systematically punching close-spaced 54m deep holes around the highest grade, thickest shallow mineralisation at Gilbey’s North.

“These close-spaced holes will give us confidence in preparations for an initial Mineral Resource Estimate and potential mining scenarios.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

Great Boulder Resources Defines Mulga Bill Mineralisation

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported receipt of all remaining assays for Phase 5 reverse circulation (RC) and Phase 5 air-core (AC) drilling completed last year on the Mulga Bill area at the company’s Side Well gold project near Meekatharra in Western Australia.

RC Highlights include:

21MBRC076
1 metre at 97.97 grams per tonne gold from 117m;

21MBRC065
25m at 1.85g/t gold from 84m, including 1m at 25.78g/t gold from 108m; and

21MBRC083
12m at 3.23g/t gold from 93m.

AC Highlights include:

21SWAC147
3m at 6.69g/t gold from 45m; and

21SWAC149
8m at 1.79g/t gold from 80m, including 4m at 3g/t gold from 80m.

Great Boulder also received initial results from a recent 148-hole AC drill program completed in early March 2022.

This program included 25 holes exploring further south on the Mulga Bill corridor, and 123 holes testing geochemical anomalies at Jones Well.

Results from the first 19 holes at Jones Well identified anomalous mineralisation on the first target, with results pending for 106 holes in that area and four follow-up holes at the southern end of Mulga Bill.

“The balance of the RC assays at Mulga Bill have provided important information on mineralised orientations in the high-grade zones, and we are starting to see evidence of interacting sub-vertical and flat-dipping structures,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“The Side Well project is progressing simultaneously on several fronts, which is fantastic to see. We’re making good progress towards our 100,000 metres drilling target this year which will be a major step towards our goal of reporting a mineral resource estimate on Mulga Bill.”

Diamond drilling is progressing at Mulga Bill, with the program expected to be completed towards the end of March.

RC drilling is expected to recommence as soon as the diamond program is complete.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Hillgrove Resources Encounters Strong Kavanagh Copper

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THE DRILL SERGEANT: Hillgrove Resources reported on four recent diamond holes drilled into the Kavanagh mineral zone, part of the underground development at the company’s Kanmantoo copper mine in South Australia.

Hillgrove Resources said the holes all intersected strong copper-gold mineralisation, returning highlights including:

KTDD208_W2
36.5m at 1.76 per cent copper, 0.29 grams per tonne gold from 367.7m downhole;

KTDD208_W4
17.85m at 1.46 per cent copper, 0.08g/t gold from 395.5m downhole;

KTDD208_W3
13.8m at 0.89 per cent copper, 0.04g/t gold from 505.3m downhole – part of a wider zone of sulphide mineralisation of 103.6m at 0.63 per cent copper; and

KTDD208_W1
15.3m at 2.15 per cent copper, 0.21g/t gold from 471m downhole – part of a wider zone of sulphide mineralisation of 97m at 0.69 per cent copper.

“It is a very predictable mineral system to drill, with every drill hole since May 2021 yielding significant intersections of copper,” Hillgrove CEO and managing director Lachlan Wallace said in the company’s ASX announcement.

“The recent drilling results continue this trend, with multiple high-grade zones being delineated within wider zones of copper mineralisation of around 100 metres in downhole length.

“As these holes are incorporated into the geological model, it is expected the resource estimate will grow both in size and in geological confidence.

“The broader mineral zones in holes KTDD208 W1 and W4 complement previous drill results in 2021, including 170 metres at one per cent copper and 166 metres at 0.9 per cent copper, and demonstrate the presence of a large copper system at Kanmantoo.

“These wide mineralised zones provide a significant opportunity to increase annual copper production above the Stage 1 plan presented last year, which forecast almost $200 million of free cash flow in the initial three years, at prices below current spot, and only requires $26 million of working capital.

“With ample processing and tailings storage capacity already on site, any increase in copper production will not require additional capital or permitting and would be expected to reduce the average all in sustaining cost per tonne of copper produced.

“On the back of the continuing strong copper demand and the expectation that debt funding for the entire restart capital will be secured in the near term, we are bringing forward potential copper production by accelerating the decline development through a short-term mining contract using traditional drill and blast practices.

“The Komatsu MC51 mechanical cutting machine continues its trial by cutting the second portal for the ventilation circuit, providing valuable infrastructure development which will also assist in realising earlier copper production.

“Kanmantoo remains a unique proposition as one of the few ASX listed developers that can ramp into production quickly and at low cost to take advantage of the record copper price environment.

“With funding discussions advancing to documentation stage, and the contract tender process underway, we remain firmly on track to commence operations in 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hillgroveresources.com.au

 

Web: www.hillgroveresources.com.au

 

Aruma Resources Claims High-Grade Gold Discovery at Salmon Gums Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) has claimed a new high-grade gold discovery at the company’s Salmon Gums gold project, near Norseman in the Eastern Goldfields region of Western Australia.

Aruma Resources reported confirmation of the new discovery via a maiden wide-spaced reverse circulation (RC) drilling program at Salmon Gums that intersected high-grade gold results, including:

SGRC39
5m at 50.2 grams per tonne gold from 42m in hole, including 3m at 83g/t gold from 42m and 1m at 224g/t gold from 44m; and

SCRC33
4m at 4.26g/t gold from 105m (EOH) in hole, including 1m at 13.35g/t gold from 108m.

The recent drilling at Salmon Gums entailed 72 wide-spaced holes across an interpreted strike length of 20 kilometres.

The program encountered quartz vein gold and lode style gold, resulting in the new high-grade gold discovery, which Aruma said was consistent with its sediment-hosted gold exploration model.

“These bonanza and high-grade gold intersections clearly demonstrate the Salmon Gums project’s potential to host multiple high-grade gold quartz vein and lode style orebodies similar to the high-grade Norseman and Scotia deposits, situated directly along strike in the same stratigraphy,” Aruma Resources managing director Peter Schwann said in the company’s ASX announcement.

“That we have been able to define this discovery in our very first-phase of what was a wide-spaced drilling program at Salmon Gums is testament to the company’s sediment-hosted gold model and the prospectivity of the project area, and it highlights the further upside potential to be derived from our next phase of drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

 

VRX Silica Receives EPA ESD Approval

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THE DRILL SERGEANT: VRX Silica (ASX: VRX) has received approval from the Environmental Protection Authority of Western Australia (EPA) for the Environmental Scoping Document (ESD) for proposed mining activities at the company’ 100 per cent-owned Arrowsmith North silica sand project in Western Australia.

VRX Silica labelled the EPA approval of the ESD as an important milestone in the environmental approvals process for Arrowsmith North being a precursor to the Environmental Review Document (ERD) that is required under the EPA’s public environmental review process.

The ESD approval provides VRX with an indicative timetable for full assessment acceptance by the EPA, with a final report for Ministerial environmental approval scheduled for December 2022.

The company indicated the indicative timetable enables it to plan and schedule key development activities for Arrowsmith North including financing, capital investment (in particular, for long-lead items) and construction.

“EPA approval of our Environmental Scoping Document is the culmination of many months of hard work by both VRX and the EPA and we look forward to continued collaboration as we progress the development of the Arrowsmith North silica sand project,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“The ESD provides the scope of studies required for the next stage of the approvals process, the Environmental Review Document, the draft of which is well advanced, and gives us clarity on the pathway forward to full approval and development of Arrowsmith North.

“Arrowsmith North is the first of our three high-quality, world-scale projects and the most advanced pure silica sand development opportunity in Western Australia.

“I am confident the lessons from this approvals process will assist VRX as we progress approvals and development of the Arrowsmith Central and Muchea silica sand projects.

“Based on the indicative timetable now available to the company, VRX expects to begin Arrowsmith North’s six-month construction period in January 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@vrxsilica.com.au

 

Web: www.vrxsilica.com.au

 

Jindalee Resources Encounters Big McDermitt Lithium Hits

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THE DRILL SERGEANT: Jindalee Resources (ASX: JRL) reported assay results from six diamond core drillholes completed late in 2021 at the company’s 100 per cent-owned McDermitt lithium project in the USA.

Jindalee Resources claimed the results include some of the thickest intercepts of lithium mineralisation it has reported at the project to date.

The drilling encounters multiple zones of mineralisation in each hole drilled with some highlights being:

MDD014
15 metres at 1889ppm lithium from 10m
9m at 1241ppm lithium from 29.5m
38m at 1751ppm lithium from 43m, including 3m at 3805ppm lithium

MDD015
21m at 1952ppm lithium from 24m, including 3m at 3065ppm lithium
10.5m at 1281ppm lithium from 54m
9m at 1435ppm lithium from 79.5m

“The drilling confirms significant mineralisation near surface, over large thicknesses and with excellent grade continuity,” Jindalee Resources said in its ASX announcement.

“Importantly, these diamond drill holes have encountered several higher-grade zones (>3000ppm lithium) within the Mineral Resource, reinforcing the potential scalability of the project.”

Jindalee indicated it is currently planning for its next phase of drilling to be carried out in 2022 with all drill permits in hand.

The remainder of the drilling will focus on investigating the untested mineral potential across the project’s western tenure and look for opportunities for higher grade material.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: enquiry@jindalee.net

 

Web: www.jindalee.net