Alchemy Resources Outlines New Gold System at Karonie East

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) released assay results from aircore drilling carried out at the Karonie East target within the company’s Karonie project in the Eastern Goldfields of Western Australia.

Alchemy Resources declared the results to have outlined a large north-south trending geochemical anomaly.

Final assays received for the Karonie East drill program outline two large systems of anomalous gold mineralisation along the Karonie East corridor.

The two new zones of gold anomalism have strike length of 950 metres and 4,300m, returning results that include:

KEAC009
2 metres at 2.7 grams per tonne gold from 48m, including 1m at 3.99g/t gold from 48m, and 1m at 1.41g/t gold from 49m;

KEAC045
2m at 3.79g/t gold from 84m, including 1m at 5.24g/t gold from 84m, and 1m at 2.34g/t gold from 85m; and

KEAC075
4m at 1.59g/t gold from 20m.

“The drill program has intersected numerous zones of mineralisation close to areas that were previously drilled on wide spaced RAB lines which failed to penetrate the near surface cover,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“Importantly with our recent drilling, the new mineralised intercepts were logged in saprolite, so we haven’t tested the primary bedrock zone of mineralisation from these areas.

“This will be a key target in follow-up drilling later this quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Estrella Resources Releases Carr Boyd Drilling Results

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) released assays from diamond drilling undertaken below existing workings at the company’s 100 per cent-owned Carr Boyd nickel and copper project, located outside Kalgoorlie-Boulder in Western Australia.

Estrella Resources achieved impressive massive sulphide assay results at the project from hole CBDD064, including:

Main Zone

16.2 metres at 3.12 per cent nickel and 0.6 per cent copper from 192.35m, including 8.07m at 4.31 per cent nickel and 0.75 per cent copper from 199.85m.

Results included individual assays up to 6.42 per cent nickel.

Mid Zone

1.45m at 1.57 per cent nickel and 0.75 per cent copper from 242.8m.

Lower Zone

12.97m at 1.07 per cent nickel and 0.25 per cent copper from 256m, including 3.98m at 1.25 per cent nickel and 0.41 per cent copper from 256.77m, and 5m at 1.37 per cent nickel and 0.21 per cent copper from 263.97m.

“The Carr Boyd project continues to produce some exceptional results, with numerous intersections of massive nickel sulphide and some very high nickel and copper assays associated with these drill hits,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our understanding of this large mineralised system is gaining with every drill hole.

“The high-grade results received from hole CBDD064 beneath the historic Carr Boyd mine not only sees our geological model intact but also bolsters our confidence to unlock further massive nickel sulphides.

“With nickel prices now reacting to strong demand from the global EV and battery revolution, Estrella is in an enviable position owning numerous quality nickel sulphide projects with scope for significant discoveries.

“The Ukraine War with Russia has seen nickel prices reach extraordinary levels overnight on the London Metal Exchange in excess of US$21.80per pound.

“These are prices that haven’t been seen since the resource boom in 2007 and in Australian dollar terms we haven’t seen such prices ever.

“As much as the nickel price rise is welcomed the war in Ukraine is not and I very much pray that peace is restored to the people of Ukraine.

“We are also well funded to continue our drilling efforts to locate what we believe could be a world class nickel sulphide discovery at Carr Boyd and I look forward in providing further news as we push forward.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

Carnaby Resources Drills Nil Desperandum Extension

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) reported on recent drilling at the Nil Desperandum copper-gold discovery withn the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

Canaby Resources said it intersected the Nil Desperandum high-grade shoot in three adjacent drill holes, discovery hole NLDD044, RC drilling hole NLRC066, and diamond hole NLDD073.

The deposit remains completely open down plunge to the south and southwest where several IP chargeability anomalies are located.

Carnaby has interpreted the high-grade copper gold mineralisation in these three holes to represent the start of a new high-grade lode that sits above and slightly offset from the previously defined copper gold breccia lode that has been defined by previous drilling.

RC Drill hole NLRC066 provided confirmation of the shallow southeast dip of the high-grade copper gold discovery, returning:

40 metres at 1.5 per cent copper from 251m, including 30m at 1.9 per cent copper from 253m, including 7m at 2.6 per cent copper from 253m, including 11m at 2.9 per cent copper from 272m.

“The Nil Desperandum high-grade lode is robustly continuing at depth from the discovery hole and we look forward with great anticipation to testing the IP anomalies further down plunge and drilling up and down dip of the high-grade copper gold mineralisation intersected in NLDD073.

“This is the first diamond hole to drill through the entire high-grade lode and has given us great insight into this unique looking new style of copper gold mineralisation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Calidus Resources Subsidiary Identifies Pilbara Lithium Prospect

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THE DRILL SERGEANT: Calidus Resources (ASX: CAI), via its subsidiary company, Pirra Lithium has identified a substantial lithium-bearing pegmatite south-west of Marble Bar in the East Pilbara of Western Australia.

Pirra Lithium is owned equally by Calidus and Haoma Mining.

Recent work carried out by Pirra has resulted in identification of the lithium-bearing pegmatite with a mapped strike length of more than one kilometre.

Pirra also collected 34 rock-chip samples of the pegmatite and the adjacent granitic country rocks that yielded assays of between 0.66 per cent to 2.34 per cent lithium oxide(Li2O), with two samples of metasomatized country rock adjacent to the pegmatite yielding 2.78 per cent and 2.91 per cent Li2O.

An initial 2,500m RC drilling program has been planned to test the thickness and down-dip extent of the pegmatite.

“It is already clear that we are in the early stages of an exciting lithium discovery with both scale and strong grades,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“There is a compelling business case to accelerate exploration now we have confirmed lithium grades for this significant outcropping pegmatite.

“Despite the pegmatite being located close to the Hillside – Marble Bar Road, there is no record of geological mapping or sampling in the area and the area has never been drilled.

“These results highlight the immense prospectivity of the large tenement package and rights owned by Pirra Lithium.

“Work is continuing to determine the full extent of the pegmatite and to identify other pegmatites in the vicinity. As part of this, we are preparing for a maiden drilling program.

“The company will also continue its aggressive exploration program elsewhere on the tenement package.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Ardea Resources Commences Emu Lake Nickel Sulphide Follow up Drilling

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has commenced diamond drilling at the company’s Emu Lake nickel sulphide camp outside Kalgoorlie in Western Australia.

The drill program of approximately 4,350m is to follow-up Ardea’s Binti South prospect high-grade massive nickel-copper-PGE sulphide discovery.

Drilling will also be undertaken at the Binti Gossan prospect one kilometre northwest of Binti South.

Other work is to include detailed DHEM surveys on all drill holes to help locate conductor plates that are typically associated with Emu Lake nickel sulphide mineralisation.

“Supported by funding from the placement ($21.5 million raised in February), the Ardea team have drawn upon their strong local relationships with key service providers and secured a core drill rig ahead of schedule to resume the nickel sulphide drilling at Emu Lake,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“This follow-up drill program is aimed at building upon the discovery success at Binti South and will also test targets down dip and plunge of high grade mineralisation intersected in historic drilling at Binti Gossan.

“The Emu Lake nickel sulphide exploration is evolving as part of a broader Kalpini nickel story.

“It can significantly contribute to Ardea’s building of a green, forward-facing integrated nickel company servicing the lithium-ion battery supply chain with an ESG-compliant, sustainable and ethical product.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Mt Monger Resources Scores Anomalous REE Soil Geochemical Results at Pt Kidman

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THE DRILL SERGEANT: Mt Monger Resources (ASX: MTM) reported results of soil and rock chip geochemical sampling from the company’s East Laverton project in the north Eastern Goldfields of Western Australia.

Mt Monger Resources carried out soil sampling on the Pt Kidman prospect area that has identified a previously unknown rare earth element (REE) anomaly that is open along strike and is considered by the company to warrant further follow-up.

The program comprised a total of approximately 350 samples that demonstrated a total rare earth element (TREE) anomaly, which is the combined results for 13 elements, including: lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, erbium, ytterbium, yttrium and scandium.

“The company has been active at its East Laverton project which we consider to be highly prospective for gold, REE and base metals,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Our ongoing work program of soil sampling is giving us a basis to develop high priority targets for drill testing.

“Our technical team is particularly focussed on understanding the REE mineralisation that occurs within the Pt Kidman prospect area.

“The available exploration data indicates that anomalism is widespread and locally very high grade.

“These sampling results, which come from a new area, reinforce that further follow-up exploration is required to evaluate the potential for an ionic-style, clay-hosted REE deposit.

“Work to-date has defined a very large prospective area and the company is preparing an initial drilling program to test the priority areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com.au

 

Web: www.mtmongerresources.com.au

 

Black Cat Syndicate Increases Jones Find Resource

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has increased Resources at the Jones Find deposit, part of the Majestic Mining Centre within the company’s Kal East gold project near Kalgoorlie in Western Australia.

Black Cat has increased the Resource at Jones Find by 67 per cent, taking it to 1.3 million tonnes at 1.3 grams per tonne gold for 55,000 ounces, from the maiden Resource estimate.

This includes a 47 per cent upgrade of the Resource to Indicated category (532,000 tonnes at 1.5g/t gold for 26,000 ounces).

Jones Find is located within 1.5 kilometres of the company’s planned 800,000 tonnes per annum processing facility at the Majestic Mining Centre.

“Jones Find is ideally positioned within 1.5 kilometres of our planned processing facility,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Mining studies are underway on this deposit, which also has long term strategic value as low-cost tailings storage.

“The ongoing growth of this Resource is also encouraging for many other targets we have identified in the area.

“Drilling has already commenced on several of these as the likelihood of future mining is increased given the proximity of the potential milling infrastructure.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au

 

Eagle Mountain Mining Continues Oracle Ridge Copper Hits

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported on assays recent drilling completed at the company’s 100 per cent-owned Oracle Ridge mine project in Arizona, USA.

Four holes were drilled in the north-west of Oracle Ridge at the main Mine Area as part of the company’s Resource Infill program, while six holes were drilled as part of its Resource Expansion program.

Resource infill drilling in the Mine Area included:

WT-21-55
17.3 meters at 2.23 per cent copper, 25.34 grams per tonne silver and 0.21g/t gold, and 10.5m at 1.95 per cent copper, 26.04g/t silver; and

WT-21-58
0.28g/t gold within a fully diluted 46m at 1.49 per cent copper, 17.91g/t silver, 0.2g/t gold.

Resource extension drilling at the Talon returned:

WT-21-56
30.7m at 2.54 per cent copper, 21.84g/t silver, 0.42g/t gold within 63.1m at 1.84 per cent copper, 15.68g/t silver, 0.3g/t gold.

Eagle Mountain Mining explained the first JORC Mineral Resource Estimate (MRE) update including drilling completed since its Oracle Ridge acquisition is on track for completion this month.

However, assays for these recent 10 holes have not been included in the MRE update and will be included in the next MRE update the company has planned for Q4 2022.

“The Western Talon has delivered some of the thickest and highest-grade intersections to date with mineralisation getting richer to the south,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“We are delighted that these results continue to add confidence to the historical drilling and demonstrate the Resource growth potential at Oracle Ridge.

“The resource infill drilling is designed to allow us to declare Measured Resources for the first time under the JORC Code and increase tonnes in the Indicated category in the MRE update, which is scheduled for completion in a few weeks.

“Expanding the resource base in the Measured and Indicated categories is critical, as following completion of successful feasibility studies, we aim to translate these to Proven and Probable Reserves.

“These exceptional results will be included in a further MRE revision later this year which will benefit from the strong results reported in this announcement plus all other assays received up to the time of finalising that revision.

“By that time, we are planning to have re-opened the existing mine and have an underground rig conducting infill drilling to increase the Measured and Indicated Resource with more efficient drilling.

“At the current and expected rate of drilling, we should have well over 100 new drillholes to be incorporated into that MRE revision.”

 

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Ausgold Intercepts New Central Zone High-Grade Gold

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THE DRILL SERGEANT: Ausgold (ASX: AUC) provided an update of exploration activities at the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold is currently advancing a multi-rig drill program at Katanning focused on high value targets it has identified in the Central and Southern Zones.

A total of 17,631m of RC and diamond drilling has now been completed with new drilling within the Central Zone targeting the near surface gold mineralisation within the Jackson and White Dam lodes with results including:

BSRC1285
6 metres at 4.79 grams per tonne gold from 48m, including 3m at 9.08g/t gold;

BSRC1349
4m at 5.47 g/t gold from 42m; and

BSRC1334
5m at 3.43 g/t gold from 23m.

“We are now over halfway into our 30,000 metres campaign, with these results from new drilling intercepting near surface gold mineralisation which is higher-grade than previously reported in the current Resource,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“Drilling in the Jackson and White Dam lodes has targeted a number of gaps in the current Resource drilling which included the old tailings dam and the southern portion of the Jackson area historically seeing only wide spaced drilling.

“These higher-grade results will feed into a further Resource upgrade now planned for Q2 CY2022 and will increase the proportion of Measured and Indicated Resource in this new model.

“The position along the footwall of the Central Zone will also add further potential Reserves for the KGP.

“The drilling program is moving ahead and continues to target key areas within the Central and Southern Zone as we progress towards the planned April Resource upgrade and the Maiden Reserve in June following the completion of Prefeasibility Studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Tietto Minerals Hits Big Gold at Abujar Gold Project

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THE DRILL SERGEANT: Tietto Minerals (ASX: TIE) announced further bonanza‐grade gold results from infill drilling and high‐grade gold results from exploration drilling completed at the company’s 3.35 million ounces Abujar gold project in Côte d’Ivoire, West Africa.

Tietto Minerals encountered the high‐grade gold intercepts at the AG Core target from infill drilling on the main Abujar Shear, producing results that included:

ZDD866 – Section 29A
10 metres at 51.75 grams per tonne gold from 83m, including 3m at 171g/t gold, including 1m at 503.85g/t gold.

“We have added to our tally of bonanza‐grade gold intercepts from infill drilling at AG Core,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.

“Intercepts from our infill drill program now account for six of the top 10 assays at Abujar, including the project‐best result of 1.1 metres at 2,853 grams per tonne gold.

“All infill drilling results are with our resource modelling consultants to complete a Resource Model Update, due at the end of this Quarter.

“This model update is focused on conversion from Indicated to Measured Resources covering the first two years of production.

“Our drill rigs have moved to prospects located to north (GGL) and south (AGM, PGL) of AG Core with the goal of defining new gold resources in an update late this year.

“The high‐grade gold intercepts seen in the latest results highlight the prospectivity and still largely untested potential of the main Abujar Shear.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@tietto.com

 

Web: www.tietto.com