Ausgold Extends KGP Gold Mineralisation 900m

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THE DRILL SERGEANT: A week out from the 2022 RIU Explorers Conference Ausgold (ASX: AUC) announced extension to gold mineralisation at the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold is advancing multi-rig drilling campaign focused on high value targets it has identified in the Central and Southern Zones with RC and diamond drilling having been completed to date within both areas.

Recent drilling has extended gold mineralisation 900 metres south beyond the existing Resource with near surface intersects including:

BSRC1312
9 metres at 2.34 grams per tonne gold from 63m, including 3m at 6.23g/t gold from 69m;

BSRC1248
5m at 2.88g/t gold from 37m;

BSRC1299
3m at 2.48g/t gold from 30m; and

BSRC1268
5m at 1.58g/t gold from 39m.

Other results from the Dingo area have also highlighted high-grade Resource extension opportunities to the south beyond the existing Southern Zone Resource.

These results include:

BSDD033
21m at 2.11g/t gold from 61.08m, including 4.81m at 6.33g/t gold and 2.56m at 3.57g/t gold; and

BSRC1312
9m at 2.34g/t gold from 63m, including 3m at 6.23g/t gold from 69m.

“New drilling has intercepted gold mineralisation along a further 900 metres which is well beyond the current Resource areas within the Southern Zone,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“This new drilling will form part of a significant Resource upgrade now planned for Q2 CY2022.

“The new RC and diamond drilling at Dingo highlights potential to further add Resource ounces and scale to the KGP as we target completion of Prefeasibility Studies.

“The drilling program is moving ahead on schedule and will now target southern extensions of the existing Resource boundary to the south towards Lukin, which opens up an additional five kilometres strike length based on results from past reconnaissance drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Aruma Resources Intersects High-Grade Gold at Salmon Gums Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) reported high-grade gold intersections plus multiple broad zones of gold mineralisation from the company’s Salmon Gums gold project in the Goldfields region of Western Australia.

Aruma Resources recently completed a first phase of reverse circulation (RC) drilling at the Salmon Gums project consisting of a total of 33 holes.

“The program has successfully validated the company’s exploration model for the project to potentially host a large gold system, and delivered highly encouraging high-grade results plus very broad zones of gold mineralisation,” Aruma Resources said in its ASX announcement.

Results included:

SCRC33
1 metre at 13.35 grams per tonne gold at 108m (EOH), within a broader section of 4m at 4.26g/t gold from 105m; and

SGRC26
94m at 0.11g/t gold from 6m to 100m (EOH).

Aruma has completed a second phase of drilling at the Salmon Gums project of 39 RC holes, assays from which are expected to be released when available.

 

 

Email: info@arumaresources.com

 

Web: www.arumaresources.com

 

Carnaby Resources Confirms Nil Desperandum Discovery

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THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) has claimed confirmation of, “a major copper gold discovery”, at the Nil Desperandum prospect within the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

The confirmation came via RC drill hole NLRC066 that intersected a 50 metres down hole zone of copper sulphide mineralisation from 250m to bottom of hole (BOH) containing up to 30 per cent chalcopyrite based on visual estimates with results pending.

Carnaby explained the visual intercept in NLRC066 confirmed that the copper mineralisation in adjacent drill hole NLDD044 that was drilled in 2021 intersecting 41m at 4.1 per cent copper, has a similar dip to shallower parts of the deposit.

Carnaby has interpreted this to show the downhole widths are close to true width intersections for both NLDD044 and NLRC066.

“It is highly encouraging and exciting to confirm that the high-grade copper gold mineralisation intersected in NLDD044 and now in NLRC066 are over exceptional true widths,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“This gives us great confidence in the plunge extension potential of the high-grade Nil Desperandum breccia shoot.

“This is especially significant given that the results from the first three extensional lines of IP all show strong and continuous chargeability anomalies, which we know is vectoring us to high grade copper gold mineralisation as seen in NLDD044.

“We look forward with incredible anticipation to the next drill hole and IP results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carnabyresources.com.au

 

Web: www.carnabyresources.com.au

 

Tesoro Resources Extends Ternera With High-Grade Gold Results

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THE DRILL SERGEANT: Tesoro Resources (ASX: TSO) released assay results from recent drilling at the company’s El Zorro gold project in Chile.

Tesoro Resources completed an extensional and infill drilling program, consisting 22 diamond drill holes, at the Ternera gold deposit.

The drilling expanded western and southern extensions at the Tenera deposit with multiple gold zones encountered with drilling continuing to thicken and extend shallow gold zones within the deposit.

“This set of results confirms and expands multiple shallow gold zones on the edges and within the Ternea gold deposit,” Tesoro Resources managing director Zeff Reeves said in the company’s ASX announcement.

“These near surface, mineralised zones have the potential to significantly enhance the existing Ternera Mineral Resource, with continuous gold mineralisation having now been proven from surface to over 500 metres depth, up to 550 metres wide and over 1.3 kilometres long.

“Ternera is shaping up as a significant deposit with multiple gold zones, scale, continuity all coming together and the more we drill, the more we define.

“With the deposit open in all directions there is significant potential to expand the Mineral Resource at Ternera with continued drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@tesororesources.com.au

 

Web: www.tesororesources.com.au

 

Miramar Resources Identifies Multiple Large EM Anomalies at Mt Vernon

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported identification of multiple large late-time EM anomalies that may indicate the presence of nickel-copper-PGE mineralisation within the company’s Bangemall project, in the Gascoyne region of Western Australia.

Miramar Resources recently completed an airborne EM survey at its 100 per cent-owned Mt Vernon target to identify the targets.

Mt Vernon is one of several Exploration Licences and/or Applications which make up the Bangemall project.

Preliminary data has been received and has highlighted at least 13 late-time EM anomalies that may indicate the presence of bedrock nickel-copper-PGE sulphides associated with dolerite sills.

In the northeast corner of the tenement, several large late-time EM anomalies are seen associated with a dolerite sill that range in strike length from 500m to over 1.2km.

“We’ve outlined a number of large late-time EM anomalies, apparently associated with nickel, copper and PGE anomalism, in a virtually unexplored area,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“These results are exactly what we would have hoped to see from this survey, validate our views on the prospectivity of this project and give us numerous targets for follow-up work.”

Miramar is waiting on the final data, from which it will model the most prospective anomalies once this data is received.

Future work will include field checking of the anomalies, along with surface geochemical sampling and prospecting, with a view to conducting ground EM surveys in order to define potential drill targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

De Grey Mining Drills Near Surface High-Grade Depth Extensions at Falcon

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THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported its latest gold hits, this time emanating from resource definition and extensional drilling on the Falcon deposit at the company’s Hemi gold discovery.

De Grey Mining declared the gold mineralisation at Falcon shows similar alteration and sulphide development that has been seen at the adjacent deposits of Aquila, Brolga, Crow, Diucon and Eagle.

The mineralised intrusion at Falcon has now been intersected to approximately 1km along strike and 600 metres below surface with mineralisation remaining open at depth and to the south.

Resource definition (infill) drilling intersected strong mineralisation within the scoping study pit design. New results include:

HERC725
28 metres at 8.8 grams per tonne gold from 39m, including 3m at 66.5g/t gold from 46m;

HMRC253
108m at 1.3g/t gold from 192m; and

HERC585D
101.8m at 1g/t gold from 166m.

New extensional results beneath the scoping study pit design include:

HEDD050
52m at 1.2g/t gold from 404m; and

HEDD051
43.8m at 1g/t gold from 474.2m.

“Resource definition and extensional drilling at Falcon are respectively increasing the confidence level of the resource and extending mineralisation below the scoping study open pit design,” De Grey Mining managing Director Glenn Jardine said in the company’s ASX announcement.

“Resource definition drilling is being conducted at Falcon and other zones at Hemi to increase the proportion of JORC Indicated mineralisation.

“Extensional drilling has confirmed that mineralisation remains open at depth and along strike to the south of Falcon.

“Drilling has recently been weighted to resource definition drilling to maximise the production target for the PFS.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

Musgrave Minerals Hits High Gold Grades at New Mosaic Lode

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new gold assay results from reverse circulation (RC) and diamond drilling of prospects on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals drilled a new target, Mosaic that is situated south of the recent White Heat addition.

The newly discovered Mosaic Lode returned high-grade gold results, including:

21MORC414
9 metres at 110.5 grams per tonne gold from 42m, including 3m at 307.3g/t gold from 45m; and

21MODD041
2.8m at 122.2g/t gold from 72m, including 0.8m at 381g/t gold from 74m.

The drill rigs have been busy with further strong assay results achieved from resource infill drilling at the Big Sky prospect.

New intercepts include:

21MORC259
3m at 22.6g/t gold from 68m, including 1m at 62.6g/t gold from 69m;

21MORC260
2m at 9.1g/t gold from 64m; and

21MORC241
8m at 4.3g/t gold from 23m, including 1m at 30.9g/t gold from 23m.

“Our Cue gold project continues to deliver with more exceptional near-surface gold results in both RC and diamond drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We think there is a lot more gold to be found in this district.

“These results again demonstrate the upside of the project.

“Even modest tonnages at these sort of near surface grades could have a positive impact on the future project economics.

“The company currently has three drill rigs on our 100 per cent tenure and one on the Evolution JV.

“The immediate focus is on building the resource base and delivering a Mineral Resource Estimate update in late Q2 2022.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797kt at 10.2g/t gold for 262koz contained gold) and the Lena deposit (4.3Mt at 2.3g/t gold for 325koz contained gold) located 130m to the west of Break of Day.

The new gold discoveries at White Heat-Mosaic and Big Sky are both outside the existing resource areas.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Alicanto Minerals Extends Known Mineralisation at Sala

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Alicanto Minerals (ASX: AQI) released results from drilling and rock-chipping that has continued to extend the known mineralisation within the company’s polymetallic Sala silver-zinc-lead-copper-gold project in Sweden.

Alicanto reported high-grade rock chips up to 1480 grams per tonne silver, 10.3 per cent zinc from new areas while drilling results highlighted the potential of the Sala project.

The company also released step-out drilling results that returned silver-zinc-lead intersections that extended the known mineralisation, which remains open.

The results included:

SAL21-07
3.5m at 237g/t silver, 2.8 per cent zinc, 4.6 per cent lead from 488m;

SAL21-09
5.6m at 144g/t silver, 0.1 per cent zinc, 0.6 per cent lead from 231.2m; and

SAL21-11
4.4m at 283g/t silver, 3.9 per cent zinc, 1.9 per cent lead from 107.2m and 6.4m at 120g/t silver, 1.3 per cent zinc, 0.5 per cent lead from 258.6m, including 1.4m at 413g/t silver, 2.6 per cent zinc, 1.3 per cent lead from 258.6m.

“The latest results further highlighted the immense potential to establish a project with genuine scale,” Alicanto Minerals managing director Peter George said.

“These results support our strategy to build a substantial resource at Sala with the potential to underpin a stand-alone operation.

“We are well funded for 2022 with our recent $7 million capital raising and we continue to grow the boundaries of the known mineralisation at Sala.”

Alicanto Minerals is conducting exploration campaigns in Sweden’s mining region of Bergslagen.

The first of these is targeting extensions of the historic Sala silver-zinc-lead deposit and the second involves greenfields exploration around the Greater Falun copper-gold and polymetallic skarn project.

Alicanto’s strategy rests on discovering, growing and developing precious and base metal resources in the tier-one location of Sweden.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@alicantominerals.com.au

Web: www.alicantominerals.com.au

 

Alto Metals Confirms Shallow High-Grade Sandstone Gold

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported on activities to close 2021 at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

The company achieved pleasing gold results from the Havilah‐ Maninga Marley prospect, which along with the Havilah West target makes up the Havilah Camp that is defined over a 1,500 metre strike located less than one kilometre west of the Lords Corridor.

The Havilah deposit currently has an Inferred Mineral Resource of 371,000 tonnes at 1.7 grams per tonne gold for 20,300 ounces.

The results from Havilah confirmed continuity of high‐grade mineralisation outside the current resource and remains open down plunge, and included:

SRC551
3 metres at 1.4 grams per tonne gold from 51m and 13m at 2.5g/t gold from 104m, including 1m at 21.9g/t gold from 114m;

SRC550
7m at 2g/t gold from 15m, including 1m at 8.5g/t gold from 19m and 18m at 1.7 g/t gold from 99m, including 2m at 8.1 g/t gold from 101m;

SRC546
6m at 2.1g/t gold from 27m, including 1m at 9.4g/t gold from 30m; and

SCR547
6m at 1.7g/t gold from 74m, including 1m at 7g/t gold from 79m.

“We have made a strong start to our 2022 exploration programs, with an IP survey already underway at Vanguard and a gravity survey over the Lords Corridor and Havilah, starting soon,” Alto Metals managing director Matthew Bowles said.

“RC drilling is planned to commence in the next few weeks, initially at the Lords Corridor, and we are looking forward to following up on the excellent results delivered from last years’ program with the intent of driving further resource growth and making more discoveries.”

Alto also reported on further high‐grade intercepts achieved at the Lord Henry pitttt that included the latest one‐metre resplits of previously reported four‐metre composites from RC drilling designed to test extensions of gold mineralisation.

The results continued to highlight the presence of multiple stacked lodes of high‐grade gold, within broader zones of mineralisation, that remain open to the north.

These latest results will be incorporated into the updated mineral resource estimate for Lord Henry.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: admin@altometals.com.au

Web: www.altometals.com.au

 

Saturn Metals Confirms New Gold System

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THE DRILL SERGEANT: Saturn Metals reported confirmation of a new large gold system seven kilometres east of the company’s Apollo Hill Mineral Resource.

Results from initial RC drilling at the Bob’s prospect adjacent to the Apollo Hill deposit, included:

AHRC0825
5 metres at 6.82 grams per tonne gold from 130m;

AHRC0827
5m at 3.15g/t gold from 168m;

AHRC0822
8m at 1.04g/t gold from 153m; and

AHRC0826
4m at 1.85g/t gold from 132m.

Saturn has interpreted the improving results at Bob’s to be continuing to demonstrate the prosect could be a target of considerable size with increasing grade vectors and promising geology.

Drilling remains open along strike and down plunge of key intersections.

The company has planned RC follow up at Bob’s and is proceeding with AC step out programs on the greater ‘Camp Scale’ opportunity.

“We are excited by the prospect’s proximity to our Apollo Hill Mineral Resource and the exploration potential highlighted in the surrounding geology,” Saturn Metals managing director Ian Bamborough said.

“The company will report on progress as assay batches are received and processed.”

The Apollo Hill deposit and project are 100 per cent owned by Saturn Metals.

The company believes the Apollo Hill project has potential to become a large tonnage, simple metallurgy, low strip open pit mining operation.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au