Codrus Minerals Scores High-Grade Drill Results at Red Gate Gold Project

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THE DRILL SERGEANT: On the eve of the 2022 RIU Explorers Conference, Codrus Minerals (ASX: CDR) reported encouraging initial assay results from a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Red Gate gold project in Western Australia.

Codrus Minerals’ Red Gate project is located just north of Kalgoorlie in WA’s Edjudina mining district, immediately along strike from Northern Star Resources’ Porphyry Mining Centre.

Approximately sixty percent of the assays from the drill program have been returned so far with the remainder expected in the coming weeks.

Results received to date, include:

RGRC002
23m at 3.82 grams per tonne gold from 14m down-hole, including 5m at 14.29g/t gold from 27m;

RGRC003
1m at 5.75g/t gold from 15m down-hole and 24m at 1.04g/t gold from 42m down-hole; and

RGRC011
1m at 21.35g/t gold from 80m down-hole.

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

“The results not only confirm the style and tenor of mineralisation at the Porphyry West prospect but have also identified additional new areas for the company to pursue.

“We are pleased to be able to report such strong results from our first expansive gold drilling program in WA, and we are looking forward to getting back into the field to resume drilling once we finalised a comprehensive interpretation of our latest results for the full drill program.

“The results to date confirm that Red Gate is a project with significant potential.

“Given its location in a Tier-1 mining district close to several major operating mines, this is a project that is very much front and centre of our portfolio as a focus for follow-up exploration in 2022 and beyond.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Alto Metals Encounters Broad Gold Mineralisation at Indomitable

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THE DRILL SERGEANT: Before the 2022 RIU Explorers Conference had even began, Alto Metals (ASX: AME) reported gold results from drilling completed at the end of last year at the company’s 100 per cent-owned Sandstone project in Western Australia.

Alto Metals carried out the extensional drilling at the Indomitable deposit that forms part of the Indomitable Camp, which is currently defined over a two kilometres strike length and is hosted within the +20km NW/SE Indomitable/Vanguard/Havilah Trend that forms part of Alto’s priority ‘Alpha Domain’ target area.

Multiple, broad zones of gold mineralisation were intersected from shallow depths in step‐out RC drilling at the Indomitable Camp located approximately 15km north‐west of the Lords Corridor.

Latest results include:

SRC 574
21 metres at 2 grams per tonne gold from 46m, including 1m at 14.9g/t gold from 61m and including 1m at 6.3g/t gold from 66m, and 11m at 2.5g/t gold from 92m, including 2m at 7g/t gold from 93m; and

SRC 571
15m at 2.2g/t gold from 44m, including 2m at 13.2g/t gold from 45m and 25m at 1.2g/t gold from 65m, including 1m at 11.5g/t gold from 71m.

RC drilling has also intercepted wide zones of lower grade ‘halo’ mineralisation along strike, to the north‐ west and south‐east, of the main structural trend, including:

SRC 561
21m at 0.8g/t gold from 125m, including 10m at 1g/t gold from 136m.

“At Indomitable we have now defined mineralisation over a strike length of 500 metres, with numerous broad intersections of strong gold mineralisation, encountered from shallow depths, which remain open at depth and along strike,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Such an unusually deep weathering profile suggests the mineralisation structures at the Indomitable deposit are long‐lived and extensive, which is encouraging as it indicates the potential for a much larger system.

“RC drilling is planned to commence in the next few weeks, we are looking forward to the results of the IP and gravity surveys and our mineral resource update remains on track for this quarter.

“Our systematic approach to exploration is continuing to deliver and we are excited about what the year ahead can deliver.”

 

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au

 

Kin Mining Confirms Mt Flora Gold Discovery

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) will be eager to chat at the 2022 RIU Explorers Conference next week having received assay results from the first eight reverse circulation (RC) drill holes completed at the Mount Flora project, located 20 kilometres east of the company’s 100 per cent‐owned 1.28-million-ounce Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining declared the drilling confirmed the presence of a high‐grade primary gold system beneath previous air‐core drilling, which it described as a “significant development”, as it provides further confidence in the potential of the emerging Mt Flora discovery.

Assays for the first eight RC drill holes targeting the primary zone at Mt Flora, included:

MF21RC017
18 metres at 1.57 grams per tonne gold from 119m, including 4m at 2.23g/t gold from 119m and 2m at 5.65g/t gold from 135m; and

MF21RC026
22m at 0.86g/t gold from 102m, including 3m at 2.4g/t gold from 102m and 2m at 2.35g/t gold from 122m.

“We’re building an increasingly detailed understanding of the mineralisation at Mt Flora, with these initial RC holes providing further confirmation of the deeper, primary gold mineralisation as well as enhancing our broader geological model,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“These latest results support our view that the Mt Flora Eastern Zone contains several mineralised lodes, providing further confirmation of Mt Flora’s potential to emerge as an important new gold discovery 20 kilometres east of the main Cardinia Gold Project.

“Assays are now eagerly awaited for the remaining 2,083 metres of RC drilling completed at Mt Flora as part of this program to confirm the extent of the high‐grade mineralisation in both the near‐surface and primary environment to the north and south of section 6817710mN.

“Visual inspection of the RC drill chips shows that the drilling has successfully intersected the interpreted zones of mineralisation, with sulphide and scheelite logged in numerous holes.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Carnaby Resources Continues Nil Desperandum Run

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) will be looking for attendees at the 2022 RIU Explorers Conference to report on further exploration hits at the company’s copper gold discovery at the Nil Desperandum prospect within its Greater Duchess copper gold project in Mt Isa, Queensland.

The company reported RC drill hole NLRC069 intersected a 70 metres down hole zone of copper sulphide mineralisation from 195m, containing from 1 to 18 per cent chalcopyrite based on visual estimates with results pending.

RC drill hole NLRC067 intersected a 63m down hole zone of copper sulphide mineralisation from 169m, also containing from 1 to 18 per cent chalcopyrite based on visual estimates with results pending.

Carnaby now has extensive drilling and IP surveys underway focussing on the Lady Fanny target.

“The Nil Desperandum discovery continues to grow,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The continuity of the wide zones of copper mineralisation is excellent and the copper grades are clearly increasing at depth to the southernmost hole drilled which intersected 41 metres at 4.1 per cent copper in NLDD044.

“While we must wait to complete heritage surveys before we can target the IP anomalies over 400 metres strike southwest of NLDD044, we have no shortage of quality drill targets to pursue at the Lady Fanny prospect, where six lines of IP are in progress targeting below shallow drill results of up to 27 metres at 2.8 per cent copper, 0.8 grams per tonne gold in LFRC009.

“We eagerly await results from drilling at Nil Desperandum and IP geophysics from Lady Fanny.”

 

 

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Ardea Resources Encounters High-Grade Nickel-Cobalt from Highway Metallurgical Drilling

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) already had plenty to tell investors at the 2022 RIU Explorers Conference, but now there’s more after it reported on recent diamond drill core drilling that it says confirms high-grade near surface nickel-cobalt mineralisation at the Highway nickel-cobalt deposit.

The company said the results validate mineralisation models used in generating the Highway resource estimate.

The Highway deposit is a key proposed satellite plant feed source for Ardea’s Kalgoorlie nickel project – Goongarrie hub.

Intercepts at 0.5 per cent nickel and 1 per cent nickel cut-off grades include:

AHID0002
42 metres at 0.77 per cent nickel and 0.11 per cent cobalt from 2m, including 12m at 1.01 per cent nickel and 0.22 per cent cobalt from 16m and 6m at 1 per cent nickel and 0.04 per cent cobalt from 38m; and

AHID0003
36m at 0.95 per cent nickel and 0.08 per cent cobalt from 2m, including 24m at 1.11 per cent nickel and 0.1 per cent cobalt from 4m.

“The core drilling at Highway was the first field test of the KNP low-carbon flowsheet model,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“It was important for confirming the expectation that high-magnesium mineralisation is suitable as an Atmospheric Leach (AL) feed and uniformly underlies the premium goethite High Pressure Acid Leach (HPAL) feed.

“The 2021 diamond drilling (DD) program supports Ardea’s modelling that Highway is particularly endowed with AL material.

“AL material is especially important to the low-carbon flowsheet as this helps enable the on-site acid plant to be expanded to generate excess steam which is used for off-grid power generation.

“The Highway DD program tested well below the depth of historic RC drilling.

“In terms of Mineralised Neutraliser, from our detailed core logging, the neutraliser will be an extensive sheet below the AL feed at the base of conventional open pits.

“It appears to be of a cave-fill mineralisation style within saprock.

“In a production situation, this material would best be defined by grade control drilling from the base of pit floor, and mined as “goodbye cuts”.

“With the Highway geological model now confirmed, we eagerly await the results of the ALS benchscale metallurgy, testing the Highway flowsheet model.

“These results will feed into ongoing DFS work flows and continue to enhance the KNP Goongarrie Hub as a globally significant source of sustainable and ethical minerals to fuel the battery revolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Auroch Minerals Identifies New Nepean Drill Targets

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has completed a ground IP survey over the Nepean North prospect of the company’s Nepean project in Western Australia (Auroch Minerals 80%).

Auroch Minerals completed a ground Dipole-Dipole Induced Polarisation (DDIP) survey that identified strong chargeability anomalies (>37mV) located below the weathering profile on 16 of the 19 survey lines completed.

Inversion models of the surveyed lines show the strong chargeability features are associated with both intrusive and extrusive mafics (orogenic gold targets) and on the contacts of the prospective ultramafic units (nickel sulphide targets).

The company has interpreted the IP chargeability anomalies to represent priority targets for follow-up drill-testing.

A 3,000 metres RC drill program has been planned and a work permit (PoW) applied for, with a dedicated RC drill rig currently being sourced.

“The ground IP survey has been very successful in defining anomalies in an area of Nepean that is very underexplored,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The consistency and strength of the anomalies, combined with their location relative to the geology, provides compelling targets that we are eager to test with follow-up drilling.

“Pending the assay results of the pegmatite intersections in our RC drill-holes to the north of the historic Nepean mine, the planned drill program testing the gold and nickel targets may be refined to include further drill-holes to test for LCT mineralisation in this very prospective northern area of the Nepean tenure.

“In parallel to our exploration programmes the metallurgical test work on the known shallow high-grade nickel sulphide mineralisation near the historic Nepean mine has progressed successfully, and the final results that are due next month will be a key factor in driving the project towards potential future development.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Galileo Mining Defines High Priority Norseman EM Targets

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) will be eager to tell punters at the 2022 RIU Explorers Conference about the results of recent EM surveying at the company’s 100 per cent-owned Norseman project in Western Australia.

Galileo Mining designed the EM surveying to target prospective areas on the margin of the large scale Jimberlana Dyke where the company’s recent aircore drilling intercepted massive sulphide mineralisation at 60 metres downhole.

Galileo has interpreted the EM data to show sulphide occurrence in drill hole NAC105 is located at the confluence of two large and highly conductive bodies.

A separate conductive target has been identified on the southern margin of the Jimberlana Dyke with extremely high modelled conductivities interpreted to represent a substantial source thickness.

A coincident magnetic anomaly at this location adds support to the target.

“The results of our EM surveying at Norseman are exceptional and, combined with the identification of sulphide in aircore drilling, we now have well developed targets ready for drill testing,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“The sulphide in aircore drilling is just 52 metres below surface (60 metres downhole) and is immediately above the modelled conductors which start at 70 metres below surface.

“The location of the sulphide on the margin of a large ultramafic dyke is an excellent setting for the development of mineralisation and the EM models provide substantial weight to the target.

“Further to the main sulphide target we have identified another strong conductor on the southern margin of the Jimberlana Dyke at a similarly prospective location.

“The modelled conductor at this location is accompanied by a magnetic anomaly and starts between 20 and 40 metres below surface.

“All of the new EM targets can be readily tested with RC drilling due to their shallow depths.

“RC drilling is planned to commence after heritage surveying and statutory approvals have been received.”

 

 

 

Email: info@galmining.com.au

 

Web: www.galileomining.com.au

 

Caspin Resources Confirms Nickel and PGEs at XC-22 Prospect

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) will have plenty to tell investors at the 2022 RIU Explorers Conference after its announcement of new drilling results from the XC-22 prospect at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources recently declared a new nickel-copper sulphide discovery at the XC-22 airborne electromagnetic (AEM) anomaly based on visual observations.

The company has now drill hole YARC0022, the first hole to test the AEM anomaly, which has intersected a sulphide zone over 60 metres thick from immediately beneath the fresh rock interface, only 46m down hole.

A 68m zone of mineralisation in YARC0022 includes two distinct higher-grade zones:

Upper Ni-Cu sulphide zone
2 metres at 1.42 per cent nickel, 0.47 per cent copper, 0.33 grams per tonne 3E (palladium+platinum+gold) from 46m; and

Lower low-sulphide, PGE-rich zone
13m at 0.97g/t 3E, 0.26 per cent nickel and 0.21 per cent copper from 101m, including 2m at 2.88g/t 3E, 0.23 per cent nickel, 0.09 per cent copper from 112m.

“We’ve confirmed significant nickel and copper sulphide mineralisation at shallow depths associated with the AEM anomaly that stretches over 700 metres,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.

“Mineralisation is open in all directions and is an exciting target.

“The lower PGE-rich mineralisation is probably even more enticing.

“This is the first time we’ve been able to demonstrate continuous PGE mineralisation from surface into the basement rocks at potentially economic levels.

“The geological setting is also different from what we’ve previously observed within the Central Yarabrook Hill area and is more akin to mineralised settings at Gonneville.

“We’ve opened up a new and exciting exploration front and taken a substantial leap forward on the pathway to discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au

 

Matador Mining Commences Winter Drill Program at Cape Ray

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THE DRILL SERGEANT: Matador Mining (ASX: MZZ) will be telling all and sundry at next week’s 2022 RIU Explorers Conference how it has commenced its first winter drill program at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining’s inaugural winter season diamond drilling program will be focusing on a corridor encompassing the PW East, Stag Hill, Isle aux Morts and Benton prospects along the Cape Ray Shear Zone.

The program of approximately 30 diamond holes, for 3,000 – 4,500 metres has been designed to:

• Investigate the surficial geochemistry and magnetic anomalies at PW East and along the untested northern Margin of the Central Zone Mineral Resource which hosts a current Mineral Resource of 526,000 ounces at 2.2 grams per tonne gold;

• Follow up on results of the 2021 surficial and auger geochemistry and magnetic anomalies at Stag Hill;

• Drill test the brownfield depth extensions and greenfield targets proximal to the Isle aux Morts deposit identified at the end of the 2020 diamond drill program, including IAM-SW1, 2 ; and

• Follow up on results of the auger drilling, diamond drilling, surficial geochemistry, and magnetic anomalies at Benton.

“In 2021, we commenced the largest ever drill program at the highly prospective Cape Ray gold project, with 20,681 metres of diamond drilling completed during the year,” Matador Mining Executive Chair Ian Murray said in the company’s ASX announcement.

“However, winter conditions in Newfoundland typically halt traditional drilling for a few months.

“To mitigate this, our inaugural winter drill program…will allow Matador to maintain the aggressive pace of exploration that we have established at Cape Ray, during what is typically a period of inactivity in the field.

“As the winter program then segues into our 2022 summer program, Matador will prove itself as an exploration company that can successfully and efficiently execute exploration programs in all seasons, and provide investors with regular news flow throughout the year.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au

 

Greenstone Resources Resumes Drilling on High-Grade Gold Targets

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THE DRILL SERGEANT: A week out from the 2022 RIU Explorers Conference Greenstone Resources (ASX: GSR) has resumed drilling at the company’s Burbanks gold project just outside Coolgardie in Western Australia.

Greenstone Resources is drilling at the Burbanks North and Main Lode targets, with combined Reverse Circulation (RC) and diamond drilling.

This drilling is following up on a drill campaign Greenstone completed late last year that delivered two new discoveries, namely Burbanks North and Burbanks South, extending the mineralised strike horizon to over 4.5 kilometres.

“With exploration at Burbanks having only resumed in November last year, the team have demonstrated their ability to expedite the exploration and discovery process, with two new discoveries at Burbanks South and Burbanks North subsequently announced within six weeks of activities beginning,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“We are now looking to leverage off both this recently completed work, and the extensive historical drill hole database to guide future exploration decisions and discoveries.

“The initial drilling at Main Lode will serve to test down-plunge extensions of known high-grade structures which remain outside of the current resource area.

“Whereas the drilling at Burbanks North is focussed on validating the recent re-interpretation of shallow historic drilling which has subsequently identified the initial development of three high-grade plunges near surface.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greenstoneresources.com.au

 

Web: www.greenstoneresources.com.au