Sunshine Gold Encounters High Grade Gold Intercepts in Triumph Southern Corridor

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THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) reported on recent drilling undertaken on the Southern Corridor within the company’s Triumph gold project in Queensland.

Sunshine Gold completed an 84-hole campaign, from which initial results have already delineated extensions to known mineralisation in the Southern Corridor.

Initial results from 23 holes of extensional drilling have been returned and include:

21SCRC004
4 metres at 11.71 grams per tonne gold from 16m;

22NCRC022
2m at 16.18g/t gold from 98m; and

21NCRC013
3m at 10.41g/t gold from 161m.

Sunshine indicated the results are to be included in the maiden JORC Resource, expected to be released in March 2022 at which time assays are expected for the remaining 61 holes of both infill and extensional drilling.

“The first results from the Southern Corridor drilling are encouraging,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“The results received are for extensional drilling, of which some are likely to make it into the March 2022 JORC Resource.

“Intercepts from areas where extensional drilling needs to be infilled, will be drilled in mid-2022 and incorporated into subsequent Resource releases.

“As interpreted, veins of different orientations coalesce into one mineralised network.

“It is our interpretation that this is indicative of the entire Southern Corridor – a network of interconnected mineralised veins, that in due course have the potential to form a large system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Carnaby Resources Expands Lady Fanny Deposit Via New IP Surveys and Drilling

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) reported results from recent exploration activity at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

At the Lady Fanny target, Carnaby Resources completed three new lines of Induced Polarisation (IP) that have defined chargeability anomalies.

The mineralised corridor, defined by drilling and IP, is now greater than 600 metres long.

The largest IP chargeability anomaly located on the northern most IP line remains completely open to the north.

At the company’s Nil Desperandum discovery, access tracks have been completed with RC and diamond tail drilling of the IP anomalies southwest of discovery hole NLDD044 about to commence.

Results remain pending from several recent holes.

“The sheer scale of the Lady Fanny discovery is rapidly emerging with every hole we drill and IP line we complete,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The limited drilling and IP to date has defined a continuous mineralised strike length of at least 600 metres which remains completely open.

“The strong copper sulphide zone intersected in LFRC019 is 200 metres north of LFRC013, which intersected 20 metres at 2.3 per cent copper and 0.5 grams per tonne gold and the large new IP anomaly north of LFRC019 is equally as exciting!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Chesser Resources increases Landholding Around Diamba Sud

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THE DRILL SERGEANT: Chesser Resources (ASX: CHZ) has been granted two new tenements in Senegal, West Africa.

The first is the new Bondala license, which at 207 square kilometres increases the company’s landholding adjacent to and around its Diamba Sud gold project.

Chesser described Bondala as being contiguous to the north of the Diamba Sud tenement covering an area it considers prospective.

The second new Mourichou license covers 431sqkm over an area of Mako series rocks and is located near the Sabodala shear zone and close to Chesser’s Diamba Nord project tenements.

Each tenement is valid for a period of 10 years with an initial term of four years and renewable for a further two periods of three years each.

Eanwhile, Chesser has commenced drilling at its new discovery area – Karakara (formerly Area H) as part of the next drill campaign with results expected to be received from April 2022 while Scoping Study results for Area A and Area D are expected to be released in March 2022.

“Drilling has commenced at Karakara as part of a larger drilling campaign to add resources and further test the significant emerging potential of the Diamba Sud Project,” Chesser Resources MD and CEO Andrew Grove said in the compay’s ASX announcement.

“Karakara is shaping up to be a very exciting new discovery and we expect to deliver the first drilling results early next quarter.

“The Scoping Study is progressing well with results due next month and we look forward to demonstrating the significant value inherent in the high grade, near surface mineralisation identified to date.

“We are also very pleased with the grant of the new tenements which adds significantly to land position in Senegal and covers some highly prospective geological terrains especially adjacent to our Diamba Sud tenement.

“Exploration planning is underway on how best to evaluate these new tenements and we expect to generate new targets and hopefully new discoveries in the future from these areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@chesserresources.com.au

 

Web: www.chesserresources.com.au

 

Auroch Minerals Encounters Massive Nickel Sulphides Outside Saint Patricks

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced intercepts of massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit within the company’s Saints nickel project in Western Australia.

Auroch declared that two drill-holes from a current diamond drill program at the Saints nickel project intersected massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit.

The two holes, SNDD021 and SNDD022, were drilled into the Saint Patricks channel into a gap between the modelled nickel sulphide mineralisation used in the current mineral resource estimation.

Both holes hit massive nickel sulphides on the basal contact, with SNDD021 intersecting 3.01 metres of massive nickel sulphides from 177.08m and SNDD022 intersecting 0.84m from 177.73m.

“We are delighted with the visual results we are seeing so far from our diamond drill program at Saints, particularly those intersections of massive nickel sulphides in holes SNDD021 and SNDD022 which have shown that mineralisation is actually continuous right through what was previously interpreted to be a gap in the Saint Patricks Resource,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The nickel sulphides intersected in the infill drilling has been consistent with our current model which confirms our existing resource estimation and bodes well for the planned upgrade to the Saints Resource, which will underpin the Scoping Study that is ongoing.

“We also now have the bulk samples we require to commence the all-important metallurgical testwork for the Saints nickel sulphide mineralisation, so everything is coming together and really looking good as we progress our Saints Scoping Study towards completion in the June quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

 

Gascoyne Resources Drills Depth Potential at Plymouth

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THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) reported encouraging drill results from near-mine exploration at the company’s 100per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources said its latest exploration developments include positive results immediately below the operating Plymouth open pit and further results from the emerging Gilbey’s North discovery, located immediately north of the Gilbey’s pit, which is the main source of ore feed at Dalgaranga.

The first hole of the Reverse Circulation (RC) drill program returned:

DGRC0753
11 metres at 2.75 grams per tonne gold from 89m.

Drilling at the Gilbey’s North prospect, located north of the main Gilbey’s open pit increased the width and extent of the mineralised zone.

Intercepts from Gilbey’s North include:

DGRC0745
6m at 1.6g/t gold from 91m;

DGRC0749
4m at 3.7g/t gold from 78m, including 1m at 11.3g/t gold; and

DGRC0750
9m at 1.1g/t gold from 84m.

“These latest results demonstrate the significant untapped potential in the near-mine environment at Dalgaranga, with positive new results in close proximity to existing mining areas at both the Plymouth and Gilbey’s open pits,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s AX announcement.

“With the Gilbey’s North discovery firming up as a very compelling target, and with a number of near-mine targets like Plymouth producing standout results, we are now intently focused on converting these results into potential upgrades to Resources, Reserves and mine life at Dalgaranga.

“These results really reinforce Gascoyne as an exciting growth opportunity, with solid production and a great processing plant at its core – and an active exploration team delivering new ounces and blue-sky growth potential.

“This is a rare combination that I think investors want to see – a company actively capitalising on its potential.

“We are continuing to see good gold production from our plant through the short month of February, we are making meaningful near-mine shallow discoveries with the potential to become mill feed in the short term and, with plenty of untested targets, our team is just getting started.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au

 

 

Azure Minerals Drilling Results Prepare for Andover MRE

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported assay results from the final 14 drill holes of the mineral resource drill-out of the Andover nickel-copper sulphide deposit on the company’s Andover project (60% Azure/40% Creasy Group), located in the West Pilbara region of Western Australia.

Azure Minerals has sent all the finalised results from the drilling to its consultants that are completing the maiden Mineral Resource Estimate (MRE) for Andover, which is expected to be released in late March 2022.

Latest results included:

ANDD0112
3.7m at 2.73 per cent nickel, 0.42 per cent copper and 0.12 per cent cobalt from 258.1m downhole; and

ANDD0116
17.9m at 1.57 per cent nickel, 0.79 per cent copper and 0.08 per cent cobalt from 266.8m downhole, including 4.5m at 2.42 per cent nickel, 0.59 per cent copper and 0.11 per cent cobalt from 266.8m downhole; and 3.9m at 2.04 per cent nickel, 0.52 per cent copper and 0.11 per cent cobalt from 277.8m downhole.

“Azure is very pleased with results from the recent drilling, with infill drilling of the deposit confirming excellent continuity of mineralised widths and grades and extensional drilling indicating the mineralisation remains open for further expansion to the east, west and at depth,” the company said in its ASX announcement.

Azure indicated it would now shift its focus to exploring other targets where nickel-copper sulphide mineralisation has already been drilled, such as the Ridgeline, Seaview (formerly VC-23) and Skyline prospects.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Alchemy Resources Reports Positive Initial Results from Karonie East Drill Program

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THE DRILL SERGEANT: Alchemy Resources (ASX: ALY) was handing out Tim Tams at the 2022 RIU Explorers Conference as well as news of the first four-metre composite assays from aircore drilling at the company’s 100 per cent-owned Karonie project in Western Australia.

Alchemy Resources reported drill results that it says have confirmed the relationship between the magnetic highs and structural features that the targeting was based on, with strong results in proximity to holes drilled nearly 20 years ago.

Assay result highlights include:

KEAC009
4 metres at 2.89 grams per tonne gold from 48m;

KEAC045
4m at 2.15g/t gold from 84m; and

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

“At Karonie East, composite aircore assays have intersected numerous zones of mineralisation in saprolite along a trend about 600 metres in strike length in the northern area,” Alchemy Resources chief executive officer James Wilson said in the company’s ASX announcement.

“In the south we are seeing both primary and paleochannel hosted gold mineralisation with results in two separate areas over a strike extent of two kilometres.

“Importantly we have only received about two thirds of the assays from the drill program.

“A full interpretation of the significance of these results is not possible until all the assays have been received, but our early indications show that we are finding mineralisation in areas that were passed over by previous explorers.”

Alchemy anticipates a complete interpretation of the Karonie aircore drill results will be completed once it receives the remaining composite assays and single metre assays.

Additional drill testing is planned and will coincide with a Phase 3 drill program designed to test the Gilmore targets later in the year.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@alchemyresources.com.au

 

Web: www.alchemyresources.com.au

 

Hammer Metals Extends Kalman Deposit Via Shallow Copper-Gold-Molybdenum Hits

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) had a tale to tell attendees on Day One of the 2022 RIU Explorers Conference regarding recent drilling results from the company’s 100 per cent-owned Kalman deposit located outside Mt Isa in Queensland.

Hammer Metals’ recent drilling of Kalman intercepted broad zones of shallow copper/gold/molybdenum/rhenium mineralisation, extending the deposit to the north of its existing JORC resource.

Hammer described Kalman as being one of the few polymetallic deposits in Queensland to contain substantial molybdenum and rhenium in addition to copper and gold.

“Kalman remains Hammer’s most advanced prospect and these results highlight the latent potential in immediate proximity to the project,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Drilling has improved confidence in the defined JORC resource and has also opened up the deposit to the North at shallow depths, whilst the high-grade potential of the system remains open at depth and along strike to the South.

“In an environment of rising metal prices and with a surge in demand for new economy metals, Hammer is presented with an immediate opportunity to further explore Kalman focussing on increasing the potential economic return from this system.

“Combined with continued exploration success near this deposit, the underlying potential of the Mount Isa Inlier region is finally garnering the investor and industry interest it deserves.

“Hammer is positioned for success through the advancement of our JORC compliant resources and our numerous exploration prospects during the coming year.

“Drilling continues at our prospects and within the Mount Isa East Joint Venture providing a solid stream of exploration news in the months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

AuTECO Minerals Increases Pickle Crow Resources

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THE DRILL SERGEANT: AuTECO Minerals (AUT: ASX) greeted 2022 RIU Explorers Conference punters with news of a 30 per cent increase in the Inferred Mineral Resource estimate (MRE) at the company’s Pickle Crow project in Canada.

AuTECO Minerals reported the MRE had increased to 2.23 million ounces at a grade of 7.8 grams per tonne gold.

This estimate comprises a high-grade quartz vein component of 1.92 million ounces at 9.3g/t and a broader near-surface alteration/banded iron hosted mineralisation style that contains 304,000 ounces at a grade of 3.8g/t.

“Pickle Crow has joined an exclusive club of global gold companies with a resource base of more than two million ounces in a tier-one location,” AuTECO Minerals executive chairman Ray Shorrocks said in the company’s ASX announcement.

“It speaks volumes about the quality of the Pickle Crow system that we added more than half-a-million ounces to the resource in just six months and at a cost of less than $20 per ounce.

“This means we have created substantial value for shareholders and also demonstrates the immense potential for ongoing increases in the inventory.”

AuTECO is now ramping up drilling to test some of the early-stage regional targets on the tenure managed by the company in the Pickle Lake district.

Three drill rigs are currently engaged on early-stage regional programs, with results expected in the June quarter.

 

 

Email: info@autecominerals.com

 

Web: www.autecominerals.com

 

Miramar Resources Upgrades Glandore Gold Footprint

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) took time out from setting up the company booth on day one of the 2022 RIU Explorers Conference to announce further aircore results from its 100 per cent-owned Glandore project, in the Eastern Goldfields region of Western Australia.

Miramar resources explained the latest new results, from resplits of holes from the Phase 1 aircore drilling campaigns, have upgraded the large gold footprint previously outlined by the company, with multiple holes ending in >0.25g/t gold including:

GDAC007
9 metres at 0.56 grams per tonne gold from 46m, including 2m at 1.4g/t gold;

GDAC037
6m at 0.78g/t gold from 12m, including 3m at 1.35g/t gold; and

GDAC157
9m at 0.78g/t gold from 48m, including 2m at 2.94g/t gold.

The company believes the drilling has demonstrated the existence of a substantial gold system under the lake at Glandore, which had not previously been recognised.

“Historical drilling focussed on the eastern margin of the granodiorite intrusion, where the high-grade diamond drill hole results are seen, but did not test the intrusion itself,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Gold mineralisation at the nearby Majestic and Trojan deposits is hosted in NE-striking structures within small granitic intrusions similar to the geological setting at Glandore.”

“We believe the results to date indicate the presence of at least one of these NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length.”

Miramar is now preparing a diamond drilling program at the Glandore East prospect, where historical diamond drilling intersected numerous high-grade veins.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au