Musgrave Minerals Firms UP Cue JV with Evolution

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THE DRILL SERGEANT: Musgrave Minerals announced news from the company’s Cue Joint Venture with Evolution Mining over Lake Austin in Western Australia’s Murchison district.

Musgrave reported new assay results from aircore and diamond drilling programs underway on the Cue JV with the aircore results continuing to extend the large regolith gold mineralisation at the West Island prospect and the diamond drilling returning high-grade basement gold mineralisation.

Diamond core intercepts from the December 2021 quarter included:

21MODD025
4.26 metres at 41.5 grams per tonne gold from 160.74m, including 0.41m a 400.2g/t gold from 160.74m; and

21MODD033
6m at 2.7g/t gold from 125m;

The company also announced that Evolution has elected to act as the Earn-in Manager from 1st January 2022, thus freeing up Musgrave personnel to accelerate activities on the company’s 100 per cent-owned tenure.

Evolution had initially committed to a $5 million exploration spend to fund further drilling at Cue in FY22 and have now increased the JV budget for the second half of the year.

The intent is to accelerate exploration and to delineate the scale of the gold system at West Island, to test additional gold-in-regolith aircore anomalies and define new diamond drilling targets through aircore drilling.

“The gold system at the Cue JV with Evolution continues to deliver strong results with diamond drilling confirming the potential for multiple high-grade basement gold lodes within the dolerite sill at West Island,” Musgrave Minerals managing director Rob Waugh said.

“Evolution increasing the exploration budget in H2 2022 and electing to act as Earn-in Manager from 1 January 2022 is a positive move and an indication of the upside potential of the Joint Venture ground.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Impact Minerals Kicks Off 2022 Exploration Campaigns

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THE DRILL SERGEANT: Impact Minerals has commenced it 2022 exploration campaign with work underway at two of the company’s projects across Australia.

The first involves a ground electromagnetic (EM) survey at Broken Hill as part of the company’s Joint Venture with IGO, which IGO can earn a 75 per cent interest in EL7390 and EL8234.

The EM survey is using a deep penetrating SQUID system to test the two tenements for deposits of high-grade massive nickel-copper-PGM including the Moorakai Trend and the Little Broken Hill Gabbro.

The Moorakai Trend is a nine kilometre long ultramafic to mafic dyke and chonolith complex that is very poorly explored.

At the Little Broken Hill Gabbro, Impact completed the first ever drill program across the seven kilometre intrusion, identifying areas of highly anomalous PGM’s in the basal unit to the intrusion over several kilometres.

“It is great to have made a start on our on-ground exploration programmes so early in the New Year,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“IGO Limited have now commenced a major electromagnetic survey at Broken Hill and we thank them for their efforts to get the survey underway under the trying conditions of the COVID-19 outbreaks in New South Wales.”

At the 80 per cent owned Doonia gold project in WA, 30km west of the recent Burns discovery by Lefroy Exploration a reverse circulation drill program is testing soil geochemistry and geophysical targets.

The principal target is a gold-bismuth soil geochemistry anomaly overlying a cluster of isolated magnetic anomalies in the centre of the project that may represent targets for intrusion related gold like Burns.

“The maiden RC drilling program is underway at Doonia and we are looking forward to testing a number of targets, some of which were identified over 20 years ago and have never been followed up,” Jones said.

“It will be interesting to see what is hidden at depth beneath them given the similarities to the nearby Burns discovery which was originally identified in the same exploration program as Doonia by WMC Resources in 1999.”

 

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Gateway Mining Hits High-Grade Intercepts at Julias

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THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported a series of shallow high-grade intercepts achieved from Reverse Circulation (RC) drilling completed late last year at the Julias target area, within the company’s Gidgee gold project in the Murchison Region of Western Australia.

Gateway Mining said the results confirmed the presence of a consistent oxide gold zone over a 500 metres strike length at Julias which remains completely open to the north and south, elevating this area as a priority focus for follow-up drilling scheduled to commence early next month.

Results include:

GRC762
11 metres at 2.6 grams per tonne gold from 24m;

GRC763
10m at 3g/t gold from 38m, and 12m at 2.4g/t gold from 60m;

GRC761
9m at 3.5g/t gold from 67m; and

GRC758
9m at 3.4g/t gold from 55m.

“This is an exciting breakthrough for Gateway which gets the New Year off to a flying start,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.

“We now have consistent broad widths of high-grade oxide gold mineralisation in RC drilling over a 500 metres zone at Julias – and the zone remains completely open to the north and south!

“The ability to rapidly add shallow oxide ounces is a huge bonus for any emerging gold project, and we appear to have a large oxide system on our hands here at the Julias-Flametree target.

“Considering that we had wide zones of high-grade mineralisation in air-core drilling just 800 metres to the south at Flametree, this area clearly has huge potential.

“We have a rig booked to start air-core drilling along the entire trend in early February 2022 together with systematic RC drilling along the main zone.

“Our objective will be to in-fill as much of the area as we can and bring it into our resource inventory as quickly as we can, while continuing to scope out the potential of the broader system.

“We feel increasingly confident about our exploration targeting at Gidgee, and we are hopeful that this will be the first of several exciting discoveries over the course of the next few months and beyond.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@gatewaymining.com.au

 

Web: www.gatewaymining.com.au

 

Great Boulder Resources AC Drilling at Whiteheads Project

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) resumed AC drilling at the company’s Whiteheads project north of Kalgoorlie in Western Australia.

Great Boulder HAS set off to drill approximately 5,000m of planned drilling to continue testing five regional targets, including Blue Poles South, Tektite and Highbury on the Arsenal Trend, as well as further drilling at Jubilee North and the first drill program at the Eclipse prospect.

In anticipation of this program being completed, Great Boulder haS a diamond rig scheduled to commence drilling at the Mulga Bill prospect at Side Well in mid-February.

122 AC holes were drilled at Whiteheads in September and October 2021 testing a range of regional targets, including some that had not previously been drilled.

These included eight holes at Gunners, 23 holes at Tektite, south of Blue Poles, and eight holes at Highbury southwest of Tektite, all three targets on the Arsenal Trend.

Other drilling entailed six holes on a single fence of drilling at Reception Hill, 57 holes along strike to the northwest and southeast of Seven Leaders, and 20 holes at Jubilee North.

The program generated several anomalous intersections, including:

21WHAC110 at Tektite
1 metre at 2.55 grams per tonne gold from 41m;

21WHAC128 at Jubilee North
4m at 0.61g/t gold from 80m; and

WHAC174 at Seven Leaders
12m at 0.23g/t gold from 67m.

“It’s good to have our field team back on the ground at Whiteheads while we continue developing drilling programs for Side Well,” Great Boulder Resources managing director Andrew Paterson said.

“Whiteheads is a big project with dozens of priority targets, and this program continues our systematic testing that has been ongoing for the past two years.

“We’re also looking forward to the upcoming diamond program at Side Well next month.

“By that time, we should have the bulk of our 2021 assay data back, which will allow us to plan some big RC and diamond drilling programs in the months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greatboulder.com.au

 

Web: www.greatboulder.com.au

 

Prodigy Gold Gleans High-Grade Intercepts from Historical Golden Hind Diamond Core

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THE DRILL SERGANT: Prodigy Gold (ASX: PRX) produced new numbers from sampling of previously un-sampled historical diamond core on the company’s Golden Hind project in the Northern Territory.

Golden Hind forms part of the Old Pirate Mineral Resource Estimate that was last updated in August, 2016.

Prodigy Gold received results for two previously un-sampled historical diamond core drill holes at Golden Hind.

Both holes intersected mineralisation that has subsequently been mined out, however, the company said each hole had provided important new information, from which it expects to better predict possible mineralisation extensions and generate new drill targets.

Intercepts for the previously un-sampled holes include:

GHDD100001
22.5 metres at 25.2 grams per tonne gold from 11m, including 16.5m at 34g/t gold from 14m, including 0.9m at 347g/t gold from 19.1m; and

GHDD100002
21m at 0.8g/t gold from 3m, including 8m at 1.4g/t gold from 16m.

“The company is advancing its understanding on the previously reported 10,000 tonnes at 3.8 grams per tonne gold Golden Hind Mineral Resource (ASX: 19 Aug 2016),” Prodigy Gold exploration manager Edward Keys said in the company’s ASX announcement.

“The recently completed sampling program analysed core from two historically drilled diamond core holes to assist with possible future modelling and drill targeting in the area.

“This is a material result due to the low number of holes in this part of the deposit.

“The two holes were drilled in 2012 prior to the area having been mined out in 2013-2016.

“The 2012 drilling, with results presented herewith, include 105.3 metres of previously un-sampled drill core with significant mineralisation (>0.5g/t Au) returned over 47.6 metres, or greater than 45 per cent of the total metres assayed.

“Mineralisation occurs over sheared zones in the oxidised zone including multiple steeply dipping veins.

“The additional results broadly support the historically mined resource with mineralisation intersected where predicted and previously reported in historical RC drilling.

“The diamond drilling intersected high grade mineralisation in oxidised rock with visible gold in veining.

“The result of 22.5 metres at 25.2 gras per tonne gold from 11 metres in GHDD100001 is an example of the high-grades that occur within the previously mined Golden Hind Mineral Resource.

“The re-evaluated historical drill core will allow the geologists to better assist with an explanatory or predictive model to target possible extensions to mineralisation in future drilling campaigns.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@prodigygold.com.au

 

Web: www.prodigygold.com.au

 

Black Cat Syndicate Increases Majestic Resource

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THE DRILL SERGANT: Black Cat Syndicate (ASX: BC8) announced an update to the JORC 2012 Mineral Resource for the Majestic mining Centre at the company’s Kal East gold project, near Kalgoorlie in Western Australia.

Black Cat Syndicate conducted drilling at the Majestic Mining Centre in the second half of 2021 focussed on upgrading the underground Resource from Inferred to Indicated ahead of a planned maiden Ore Reserve to be released in the March 2022 quarter.

The results have increased the Underground Indicated Resource at Majestic Mining Centre by 43 per cent to 1 million tonnes at 4.5 grams per tonne gold for 143,000 ounces.

Total Resources at the Majestic Mining Centre have increased to 7.9 million tonnes at 2g/t gold for 507,000 ounces while Black Cat’s total Resources at Kal East have grown to 18.3 million tonnes at 2.2g/t gold for approx. 1.27 million ounces.

High-grade lodes in the Majestic underground remain open down plunge and will be drilled from underground positions after the commencement of mining.

“Our Resources continue to grow in size and confidence with maiden Ore Reserves expected in the March 2022 quarter,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Good progress continues with government approvals.

“The only outstanding permit required for mine development and mill construction is the tailings storage facility mining proposal, which is also anticipated this quarter.

“We expect the planned Majestic underground to be a high-grade, long term producer in the shadow of the mill.

“After mining has commenced, continued Resource growth is expected from underground drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au

 

Cygnus Gold Reports High-Grade Silver, Lead and Zinc Samples at Bonnie Rock

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THE DRILL SERGEANT: Cygnus Gold (ASX: CY5) announced high-grade silver-lead-zinc rock chips from the company’s Bonnie Rock project, located within the Youanmi Terrane of the Yilgarn Craton in Western Australia.

Cygnus Gold has named Bonnie Rock as a priority target with immediate follow up work planned for February.

Highlights from recent activity at Bonnie Rock include field reconnaissance rock chips confirming silver-lead-zinc mineralisation over 1.2 kilometres of strike that remains open.

Results include samples grading up to 89 grams per tonne silver, 3 per cent lead and 6.7 per cent zinc.

These results align with the company’s limited early-stage historic exploration drilling over the area that produced grades of up to 760g/t silver, 1.9 per cent lead and 1.7 per cent zinc.

“We are very pleased to be progressing exploration activities across the Cygnus tenement holding with a number of exciting early-stage results received from the field work to date,” Cygnus Gold executive chairman Raymond Shorrocks said in the company’s ASX announcement.

“There is a significant volume of assays still pending which the company is looking forward to receiving over the coming weeks.

“We have already started follow up on groundwork based on what we have already seen in the field.

“This terrane, the Southwest Yilgarn, has been overlooked for too long and only since Chalice Mining’s Julimar nickel and PGE discovery has the focus come back to the region.

“Cygnus with its 2,100 square kilometres tenement package is in a great position to explore its highly prospective tenure and uncover value within this region.”

 

 

 

Email: info@cygnusgold.com

 

Web: www.cygnusgold.com

 

Galileo Mining Using EM Survey to Target Norseman Massive Sulphide

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THE DRILL SERGEANT: Galileo Mining (ASX: GAL) has commenced EM surveying of massive sulphide in aircore drilling at the company’s 100 per cent-owned Norseman project in Western Australia.

Galileo Mining completed drilling in November that identified sulphide mineralisation just 60 metres down hole with assays reporting prospective early results of: 1 metre at 0.24 per cent nickel, 0.35 per cent copper, 0.04 per cent cobalt and 0.25 grams per tonne palladium.

The company considers EM surveying to be a very useful tool in exploration due to the conductive response of sulphide minerals that can contain nickel, copper, cobalt and palladium.

As the sulphides in aircore drilling at Norseman are at shallow depth, Galileo designed a moving loop survey using a 100m loop size to maximise any subtle change in response that may be related to accumulations of massive, semi-massive and/or disseminated sulphides.

“We have been extremely fortunate to identify massive sulphide in aircore drilling while looking for nickel and palladium at our Norseman project,” Galileo Mining managing director Brad Underwood said in the company’s ASX announcement.

“This result has significantly increased the prospectivity of the area and we are now using EM surveying to build on our positive early results and to define targets for follow up RC drill testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@galmining.com.au

 

Web: www.galileomining.com.au

 

Venture Minerals Looking at Julimar Lookalike Via Chalice EM Survey

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) reported it Joint Venture partner, Chalice Mining (ASX: CHN) has generated seven new EM anomalies from a recently completed ground EM program at the company’s South West nickel-copper-PGE project in Western Australia.

Venture Minerals said this brings the total number of new targets to 11 from the Chalice ground EM program, which is part of the first stage of the JV earn-in focused on Venture’s Thor target, a 20km long, Julimar lookalike (as defined by Chalice), magnetic anomaly at the South West project.

The seven new EM anomalies defined by Chalice have been interpreted to be of similar strength conductors to those that yielded wide palladium intervals during the early drilling phase of the Julimar nickel-copper-PGE discovery.

One of the seven new EM anomalies also coincides with the 2.4 metres of massive sulphide intersected in previously drilled TOR05, which averaged 0.5 per cent copper, 0.05 per cent nickel, 0.04 per cent cobalt and contained anomalous gold and palladium, making that conductor a potential priority drill target (still to be determined by Chalice).

“Venture’s JV partner Chalice Mining has now delivered several new EM anomalies within the Thor ‘Julimar lookalike’ target from the first stage of the JV earn-in to the company’s South West project,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“To have a partner that has ‘one of the largest greenfield nickel-copper-PGE sulphide discoveries in recent history’ will be of huge benefit in this very important second stage of the JV with Chalice, including a maiden drill program at Thor.

“Venture, through its South West JV with Chalice, is well placed for a new nickel-copper-PGE discovery and the associated excellent exposure to nickel, which is now at 10-year highs, and palladium with its widespread applications in a green hydrogen economy.

“The company looks forward to the commencement of drilling at the South West project in the coming months where success will only add to Venture’s extensive portfolio of enviable resource assets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Estrella Resources Intersects Massive Sulphides Beneath Carr Boyd Mine

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) reported the intersection of two broad zones of massive and semi-massive nickel-copper sulphides below workings of the company’s Carr Boyd nickel mine near Kalgoorlie in Western Australia.

Estrella Resources encountered the mineralisation in drillhole CBDD064, a diamond drillhole that was targeted across the dip of mineralisation to assist the company and CSIRO in understanding the relationship of the Carr Boyd mineralisation to the T5 Discovery on the Carr Boyd basal contact one kilometre away to the northwest.

CBDD064 intersected massive and semi-massive nickel-copper sulphides beneath the Carr Boyd nickel mine, including:

Main Zone: 16.96m massive and semi-massive nickel-copper-sulphides from 193.9m;
Mid Zone: 1.32m semi-massive to matrix nickel-copper-sulphides from 242.9m; and
Lower Zone: 12.91 semi-massive, matrix and disseminated nickel-copper-sulphides from 256.1m.

Estrella Resources said the intersection confirms the continuation of nickel-copper sulphides below the old workings and coincides with a Downhole Electromagnetic (DHEM) response modelled from the top portion of CBDD056A, which the company drilled into the basal contact in October 2021.

“I am highly encouraged by these latest rounds of results from CBDD064 as it confirms massive sulphide mineralisation continues below the old Carr Boyd workings,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“While our focus is very much on drilling, we are also highly focused on determining the Carr Boyd sulphide’s relationship to the T5 mineralisation found on the Basal Contact.

“Through our ongoing work with the CSIRO, which includes logging and geochemical analysis, we are highly confident on determining this link which, if it exists, means a very exciting time ahead for investors as it is proof this large pool of sulphides may still exist at depth.”

 

 

Email: info@estrellaresources.com.au

Web: www.estrellaresources.com.au