Indiana Resources Encounters More Minos Gold Zones

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THE DRILL SERGEANT: Indiana Resources (ASX: IDA) reported further gold hits from drilling completed at the Minos prospect within the company’s 100 per cent-owned Central Gawler Craton gold project in South Australia.

Indiana Resources completed fifteen drillholes at Minos in December, completing a program designed to infill the existing drill hole coverage and provide further geological information for inclusion in a proposed resource estimate for Minos.

Assays returned for the final 10 holes included:

36 metres at 2.63 grams per tonne gold from 124m, including 1m at 12.6g/t gold and 1m at 12.5g/t gold;

20m at 2.34g/t gold from 116m, including 1m at 17.7g/t gold;

2m at 11.3g/t gold from 190m;

11m at 1.76g/t gold from 135m;

17m at 1.08g/t gold from 25m; and

17m at 1.05g/t gold from 59m.

“The Minos prospect continues to deliver strong intersections of significant, wide gold mineralisation,” Indiana Resources technical director Felicity Repacholi-Muir said in the company’s ASX announcement.

“These latest results…highlight the clear potential to define additional mineralisation within the north-western extent of the Minos orebody.

“These infill drilling programs are providing Indiana with further confidence of the gold mineralisation within the Lake Labyrinth Shear Zone, and we will be back on the ground in April, continuing to evaluate the continuity and tenor of gold mineralisation at Minos.”

Indiana explained it has assay results outstanding from a calcrete sampling program completed in December across the Partridge, Earea Dam and Ealbara prospects.

Results from this program are expected to identify further gold anomalies, mineralised trends and assist with drillhole targeting.

Indiana had planned to restart drilling at Minos in January; however, this has been delayed due to high rainfall in central South Australia that damaged major roads and railway lines and prevented access to the site.

Drilling is now expected to resume in April 2022, with the proposed program designed to infill the existing drill hole coverage in the south-eastern portion of the orebody.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@indianaresources.com.au

 

Web: www.indianaresources.com.au

 

De Grey Mining Hits Impressive Resource Definition Drilling Results at Brolga

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported resource infill drilling results from the Brolga zone within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining is carrying out the drilling as part of a Prefeasibility Study (PFS) of the main Mallina gold project.

The Brolga zone was identified, along with Diucon and Falcon, in a Scoping Study De Grey completed in 2021 as one of the early proposed production sources for the project.

The company explained the Resource definition drilling allows more of the Brolga resource to be classified as JORC Indicated mineralisation.

New resource definition results include:

HEDD218
193 metres at 1.7 grams per tonne gold from 40m;

HMRC054
123m at 1.9g/t gold from 33m;

HEDD302
140.2m at 1.3g/t gold from 35.7m;

HMRC055
136m at 1.2 g/t gold from 38m;

HMRC065
128m at 1.2g/t gold from 94m; and

HMRC138
90m at 1.1g/t gold from 106m.

“These new resource definition drilling results at Brolga, including 193 metres at 1.7 grams per tonne gold in diamond drill hole HEDD218, successfully demonstrate the continuity of mineralisation within the proposed Brolga Stage 1 starter pit and reduce project risk associated with early production,” De Grey Mining general manager exploration Phil Tornatora said in the company’s ASX announcement.

“Resource extension drilling to the southwest of the proposed Brolga starter pit is in progress.

“Exploration drilling continues across both Greater Hemi and Regional areas.

“Resource definition drilling is nearing completion and rigs will then be targeting further resource extensional and discovery drilling within the Greater Hemi region.”

 

 

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

Ardea Resources Confirms Scandium and REE at Kalpini Nickel Project

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) recently completed re-assaying of historic drill pulps from the company’s Kalpini nickel project in Western Australia.

Ardea Resources reported the re-assays have confirmed very high-grade historical nickel-cobalt intercepts and identified previously undocumented but significant scandium credits.

Additionally, notable Rare Earth Element (REE) and Rare Metal (RM) grades were indicated within the historic nickel-cobalt laterite mineralisation, including:

WERC0371
12 metres at 1.7 per cent nickel, 0.151 per cent cobalt, 28 grams per tonne scandium from 20m with;

0.244 per cent Total Rare Earth Oxide (TREO), includes neodymium (Nd), praseodymium (Pr), lanthanum (La), cerium (Ce); and

1.32 per cent Total Rare Metal Oxide (TRMO), includes titanium (Ti), yttrium (Y), zircon (Zr), niobium (Nb), hafnium (Hf), tantalum (Ta) and tungsten (W).

VKPRC0112
4m at 1.66 per cent nickel, 0.102 per cent cobalt, 40g/t scandium from 29m with;

0.1297 per cent TREO; and

0.7193 per cent TRMO.

“The Kalpini drill pulp re-assay was a major undertaking for Ardea in 2021, with the principal objective to validate historic resource drilling and obtain scandium assays for the current re-estimation of the full Kalgoorlie Nickel Project (KNP) Mineral Resource Estimate (MRE),” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“The importance of cobalt as a significant revenue contributor for the KNP was validated in the 2018 PFS.

“Significantly, the cobalt revenue credit reduced the then estimated C1 operating cost from US$5.59 per pound to US$0.42 per pound.

“If scandium and now REEs can be configured in the flowsheeet as additional revenue contributors, there are significant improvements to the already robust KNP financial metrics.

“These studies are all subject to the current Ardea-ALS bench-scale metallurgical R&D, where material with REE and RM credits are targeted in R&D programs.

“These R&D programs for Ardea are specifically targeting Critical Minerals, as supply chain security is more important than ever as the World continues the transition to a low carbon future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

 

Kalamazoo Resources Achieves Excellent Metallurgy Results at Mt Olympus

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THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) reported results of initial metallurgical test work carried out on several zones within the Mt Olympus gold deposit, part of the company’s Ashburton gold project Western Australia.

Mt Olympus is a large component of Kalamazoo’s 1.65 million ounces of gold mineral resource at the Ashburton gold project.

Kalamazoo Resources carried out the work to determine whether the Indicated and Inferred 15.12 million tonnes at 2.2 grams per tonne gold for 1.08 million ounces Mt Olympus resource would be amenable to the production of a high-grade gold sulphide concentrate via an industry standard crush-grind-float processing circuit, commonly used world-wide on many refractory style gold deposits.

The test work was also used to confirm results from previous work completed by Northern Star Resources (ASX: NST) in 2011-12, when it owned the Ashburton gold project.

The tests achieved excellent gold recovery into an initial rougher concentrate of up to 94 per cent with gold in concentrate grades averaging 31.8g/t gold across all four composites with a maximum value of 39.2g/t gold.

“We are extremely pleased with this initial phase of metallurgical test work at Mt Olympus which substantially de-risks the potential development of our Ashburton gold project in the Pilbara,” Kalamazoo Resources executive director Paul Adams said in the company’s ASX announcement.

“Given these positive results, we have immediately commenced the next phase of the metallurgical program which will optimise the flowsheet to enhance performance even further.

“The flowsheet was designed to include a multi-phase cleaner process on the initial rougher concentrate.

“This work had not been performed previously and we are encouraged to see the very significant difference that this has made to the final concentrate grade, especially as this work has yet to be optimised and gravity recovery work is still pending.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@kzr.com.au

Web: www.kzr.com.au

 

Miramar Resources Identifies Nickel Sulphide Targets at Gidji JV

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of it has identified what it considers potential for nickel sulphide mineralisation within the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.

Miramar Resources has been actively exploring at Gidji since listing on the ASX in October 2020 as it believes potential exists for discovery of one or more large gold deposits within its strategic 60 square kilometre land package located 15km north of Kalgoorlie.

The company has conducted a review of new and historic data over the Gidji JV project with a focus on the potential for nickel sulphide mineralisation.

This has shown the Gidji JV project contains approximately 10km of strike of various ultramafic units, including the ‘Highway Ultramafic’, which hosts the Scotia and Saints nickel sulphide deposits further to the north.

A cluster of highly anomalous nickel and copper results were identified where the magnetic signature of the Highway Ultramafic is strongest, which Miramar said may indicate the thickest part of the sequence.

The highest nickel and copper results also occur in an area of structural complexity where NE-trending faults crosscut the earlier stratigraphy.

“It’s well known that gold and nickel mineralisation occur in close proximity at many places within the Eastern Goldfields region,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Although the Highway Ultramafic hosts nickel sulphide deposits in at least two locations along the Boorara Shear/Bardoc Tectonic Zone, there has been minimal targeted nickel exploration at Gidji.

“The new nickel sulphide targets we have identified again confirm how underexplored the Gidji project is, not just for gold, but for other commodities as well.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au

 

Carawine Resources Hits Highest Grade to Date at Hercules

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THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released the latest assay results from an ongoing drilling program at the Hercules prospect, part of the company’s Tropicana north project in the north-eastern goldfields of Western Australia.

Carawine Resources reported the assays had returned the highest gold grade and one of the best intervals from drilling at the prospect to date, including:

TNDD014
4 metres at 40.1 grams per tonne gold from 239m, including 1m at 137g/t gold from 239m; and

TNDD013
1m at 23.9g/t gold from 192m.

Hercules is described by Carawine as an advanced gold prospect held by the company’s Thunderstruck Joint Venture (Carawine 90% interest) within the Tropicana North project.

Gold mineralisation at Hercules is hosted by multiple parallel veins and shears within a wide, steeply dipping mineralised zone striking northeast.

To date, mineralisation has been reported along a 340m strike length, extending from 35m to 250m below surface, and remains open.

“Hercules has delivered, with today’s results including the highest gold grade returned from the prospect to date and increasing the size of the high-grade gold zone, which remains open to the north, south and at depth,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“This supports our belief that Hercules is a significant gold discovery.

“We will continue to target extensions to the main zone of high-grade mineralisation at Hercules, with assay results pending from three recently completed holes, and at least five more holes planned in the current program.

“We look forward to sharing the results of this drilling over coming months, along with results from recently completed drilling at the nearby Big Freeze and Beanie prospects, and the planned commencement of regional drilling programs across the Tropicana North project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Hammer Metals Achieves Big Copper Hit at Ajax

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) released laboratory assay results for a previously reported high-grade copper-gold sulphide intercept at the 100 per cent- owned Ajax prospect, within the company’s Mt Isa exploration portfolio in northwest Queensland.

Hammer Metals explained the lab results to have upgraded the previously reported p-XRF intercept at the Ajax prospect, returning assay results of:

HMLVRC014
11 metres at 5 per cent copper and 2.5 grams per tonne gold from 24m, within a broader interval of 16m at 3.5 per cent copper and 1.8g/t gold from 22m.

“It’s extremely pleasing to see a significant upgrade to the preliminary assay results at Ajax,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Copper grades above five per cent are rare, especially with the potential relationship of this intercept to a nearby sizeable geophysical target.

“Given the absence of graphite in the immediate area, the conductor may represent a prospective sulphide horizon.

“The corresponding strong copper and gold geochemistry at surface presents Ajax as one of the more exceptional exploration targets that I have observed.

“Another high-quality target has now been added to our drilling sequence.”

Hammer indicated the identified mineral horizon at Ajax defined by hole HMLVRC014 will be followed up with drilling along strike and at depth to determine the potential geometry of the system.

The testing of the EM target zone to the east of Ajax has been prioritised with Hammer undertaking additional cultural clearances and finalising its land access arrangements.

The hole will be tested with diamond drilling with initial indications that drilling will commence once landholder negotiations have been finalised.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Greenstone Resources Meets High-Grade Mineralisation at Burbanks

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) intersected multiple zones of visible gold at Burbanks North, part of the company’s 100 per cent-owned Burbanks gold project south of Coolgardie in Western Australia.

Greenstone Resources reported its most recent hole has demonstrated three discrete zones of mineralisation with visible gold observed within a broader sheared zone extending over 42 metres down hole.

Results include:

BBRC338D
1.5 metres at 43.7 grams per tonne gold from 405.9m, including 0.5m at 113g/t gold from 405.9m;
2.2m at 17.1g/t gold from 399.8m, including 0.6m at 54.1g/t gold from 400.1m; and
1.05m at 22.4g/t gold from 421m, including 0.6m at 33.3g/t gold from 421.4m.

“Following two new discoveries late last year which served to extend the known mineralised strike horizon at Burbanks to over 4.5 kilometres, we are pleased to also confirm that mineralisation at Burbanks North remains open to at least 250 metres below surface,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Importantly, the recent intercept in BBRC338D, in conjunction with the historical shallow drilling already completed, continues to reaffirm the new exploration model for Burbanks North and the potential for future high-grade resource additions here.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greenstoneresources.com.au

 

Web: www.greenstoneresources.com.au

 

Codrus Minerals Identifies Additional Broad Gold Zones at Red Gate

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THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) reported further assay results from Reverse Circulation (RC) drilling completed last year at the company’s 100 per cent- owned Red Gate gold project near Kalgoorlie in Western Australia.

Codrus Minerals said the final assays from the Red Gate drilling demonstrate potential for the project to host both wide lower-grade and narrower higher-grade zones of mineralisation, with mineralisation widely distributed across the key prospects tested to date (Porphyry North, Porphyry West, Grunters, Arieta and Vonu).

At Porphyry West multiple intercepts totalling 51m of gold mineralisation were encountered, including:

RGRC027
8 metres at 0.44 grams per tonne gold from 12m down hole;
23m at 0.61g/t gold from 37m down-hole; and
20m at 0.42g/t gold from 72m down-hole.

At Porphyry North Codrus intersected further mineralisation totalling 45m of gold, including:

RGRC021
20m at 0.56g/t Au from 16m down-hole;
7m at 0.84g/t from 39m down-hole;
4m at 0.35g/t from 56m down-hole;
4m at 0.73g/t from 84m down-hole; and
10m at 0.36g/t from 100m down-hole.

Codrus is now planning follow-up drilling, which is expected to commence in the coming weeks, along with further UAV (drone) magnetic surveys to assist in enhancing the structural interpretation.

“We are very pleased with the outcomes of our maiden drill program at Red Gate,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“While our geological understanding of the project is still developing, the two key takeaways for us are the extensive nature of the gold mineralisation encountered and the fact that the project is clearly capable of hosting both wide zones of lower-grade mineralisation and narrower, high grade gold zones.

“The presence of multiple zones of gold mineralisation in two key holes at both Porphyry North and Porphyry West is an excellent sign, suggesting that there is a significant amount of metal in the system at Red Gate.

“Our focus is now on establishing vectors to the higher-grade zones and to expand the overall mineralised envelope.

“We are very encouraged by what we have seen to date, particularly given the location of this project in a Tier-1 mining district close to several major operating mines.

“We are very close to locking in a drill rig for the follow-up program, and we look forward to providing further updates on our next phase of exploration at Red Gate in the very near future.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Auroch Minerals Intersects High Nickel Grades at Saints

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced intersection of high-grade nickel sulphides at the Saint Andrews deposit of the company’s Saints nickel project in Western Australia.

Auroch Minerals declared nickel sulphide mineralisation to have been confirmed over two main zones, with assays pending above the upper zone it expects to potentially extend the zone even further.

Results include:

SNDD018
2.13 metres at 3.26 per cent nickel, 0.19 per cent copper and 1.24g/t PGE (platinum and palladium) from 167.99m, including 0.31m at 8.83 per cent nickel, 0.44 per cent copper and 2.91g/t PGE (Pt + Pd) from 169.81m; and

4.79m at 2.05 per cent nickel, 0.16 per cent copper and 0.36g/t PGE (Pt + Pd) from 311.98m, including 0.77m at 5.09 per cent nickel, 0.47 per cent copper and 0.50 g/t PGE (Pt + Pd) from 316m.

The diamond drill program comprises predominantly infill drilling aimed at upgrading and potentially extending the current Saints nickel project Mineral Resource of 1.02 million tonnes at 2 per cent nickel for approx. 21,400kt of contained nickel.

“This is an excellent result for the first hole of our current diamond drill program at Saints, confirming two zones of high-grade nickel sulphide mineralisation at Saint Andrews, with individual assays as high as 8.83 per cent nickel,” Auroch Minerals managing director Aidan Platel exclaimed in the company’s ASX announcement.

“With 10 drill-holes now complete, we are working hard to fast-track assay results so that we can commence work on upgrading the Saints Resource, as well as commencing metallurgical testwork from the composite drill core samples.

“With the strong nickel price reaching amazing all-time records yesterday of over US$100,000 per tonne, we believe the Saints nickel project presents significant economic value, and the team is working hard on completing the Saints Scoping Study as we look forward to potential near-term production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com