Tietto Minerals Drills Best Abujar Gold Hit to Date

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THE DRILL SERGEANT: Tietto Minerals (ASX: TIE) reported project best high‐grade gold results from infill drilling completed at the Abujar‐Gludehi (AG) deposit, part of the company’s Abujar gold project in Côte d’Ivoire, West Africa.

Tietto Minerals’ project best results include:

ZDD895 – Section 14B
25.4 metres at 131.1 grams per tonne gold from 36.6m, including 8m at 393.6g/t gold from 38m, including 3.4m at 917.6g/t gold, including 1.1m at 2,853g/t gold; and
12m at 14.6g/t gold from 50m, including 2m at 84.5g/t gold.

Tietto Minerals explained diamond hole ZDD895 is part of recently completed AG Core infill drilling thathad been designed to convert Abujar AG Indicated Resources (35Mt at 1.5g/t gold for 1.65Moz) to Measured – targeting the first two years of Abujar’s gold producti.

“This fantastic intercept of 1.1 metres at 2,853 grams per tonne gold from our infill drilling program at AG is our best achievement to date,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.

“This bonanza gold intercept is located close to surface in fresh mineralisation and combined with the multiple high‐grade intercepts we have reported from our infill drilling, it is expected these will have a material impact on the first years of open pit mining at Abujar.

“Our exploration team is using these latest results to refine our drill targeting of the high‐grade shoots within the Abujar main shear.

“Results from our drilling continue to demonstrate high grades present in this large system and with more than 70 kilometres of strike at Abujar and achieving 100,000 metres of drilling a year; we think there is great potential to deliver more intersections like these.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@tietto.com

 

Web: www.tietto.com

 

 

Dacian Gold Reports Big Doubeljay Gold Hit

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THE DRILL SERGEANT: Dacian Gold (ASX: DCN) reported a big drill hit from drilling carried out at the company’s Mt Morgans gold operation in Western Australia.

The result was achieved while drilling below the Doublejay sub-pit following recent drilling success of the Jupiter pit extension program at the Heffernans and Ganymede sub-pits.

Dacian Gold declared the latest result confirms broad mineralisation in a third pipe within the syenite intrusive system beneath the Jupiter complex.

Drilling beneath the Doublejay open pit at the Jupiter mining complex has now extended mineralisation to a depth of approximately 400 metres below the base of the open pit design.

Exciting intersections at Doublejay returned:

21JUDD0820

202.6 metres at 1.1 grams per tonne gold from 497m, including
34.8m at 2.2g/t gold from 585m
19.8m at 1.6g/t gold from 641.3m
20.6m at 1.5g/t gold from 560.6m

“The first hole completed below Doublejay as part of our Jupiter expansion program has confirmed the presence of bulk mineralisation within the Doublejay syenite,” Dacian Gold managing director Leigh Junk said in the company’s ASX announcement.

“This confirmation of considerable additional mineralisation within our Jupiter complex is a fantastic result at this early stage in our exploration program and increases our confidence that we are unlocking a sizeable opportunity within our tenement package.”

 

 

Email: info@daciangold.com.au

 

Web: www.daciangold.com.au

 

Charger Metals Targeting Large Lithium System at Bynoe

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported on recent activities at the company’s Bynoe lithium project in the Northern Territory (70% Charger: 30% Lithium Australia).

Charger Metals has completed geochemistry and aeromagnetic programs at Bynoe that have combined with drilling information provided to the market by Core Lithium (ASX: CXO).

Charger has interpreted the results to suggests multiple swarms of lithium-caesium-tantalum (LCT) pegmatites extend from Core lithium’s adjacent Finniss lithium project into the Bynoe lithium project.

The geochemistry results highlight two large LCT pegmatite target zones, with strike lengths of eight kilometres at Megabucks and 3.5km at 7-Up.

Within each pegmatite zone, drill-ready lithium targets have been identified including at the Megabucks, Jenna’s, Enterprise 1, Enterprise 2, Riverside and 7-Up pegmatites.

“Charger’s 2021 geochemistry program has very successfully outlined two large pegmatite emplacement zones which extend for up to eight kilometres, centred on the Megabucks and the 7-Up prospects respectively,” Charger Metals managing director David Crook said in the company’s ASX announcement.

“The interpretation of all geochemistry results suggest a large lithium-mineralised system and provides Charger with an exploration roadmap, enabling prioritization of the most significant drill-ready targets while identifying areas that need further infill soil sampling and mapping.

“The company is advancing planning and permitting towards its maiden drilling program at Bynoe, aimed to commence at the cessation of the Northern Territory wet season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@chargermetals.com.au

 

Web: www.chargermetals.com.au

 

Codrus Minerals Ramps Up Bull Run Exploration

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THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) is picking up speed on exploration activities at the company’s Bull Run gold project, located in Baker County, eastern Oregon, USA.

Codrus Minerals has commenced a ground-based geophysical exploration program to assist with drill target definition having secured additional strategic mineral claims and identifying prospective new anomalous zones via soil sampling programs.

The Bull Run project forms part of Codrus’ global exploration portfolio, which also includes three projects in Tier-1 locations in Western Australia.

The most recent exploration work was completed by Blackstone Minerals prior to the spin-out and listing of Codrus Minerals on the ASX last year.

This consisted of soil geochemistry sampling over the claims which identified two gold-in-soil trends.

The first of these is a north trend running approximately parallel to the serpentinite-Bull Run granodiorite contact and the dominant dyke strike through the Bull Run project area.

The second, a North-east to north-northeast trend parallel to the dominant vein set within the Bull Run granodiorite, highlighted by the Whited, Payton and Sunrise veins.

In the last quarter of 2021, Codrus pegged an additional 12 mineral claims, covering the prospective zone to the south that are 100 per cent-owned by the company.

“This is the first significant modern exploration to be undertaken at Bull Run in several decades and is an exciting time for the company,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“We have long regarded Bull Run as a high-potential opportunity for significant gold and copper discoveries and we are really pleased to have teams on the ground actively working to unlock this potential.

“The strategic additions to our tenure secured last year have already led to the identification of a significant new gold-in-soil anomaly and we are really excited to have a major 3D DCIP IP survey now underway.

“We believe that this is the most appropriate geophysical technique to advance the Project, and we are really looking forward to seeing the results.

“The results will be combined with our other supporting datasets to help us define drill targets.

“In anticipation of drilling this year, we have already commenced the permitting process in-country and we are looking forward to what should be a big year for Codrus at our key US asset.

“We are also looking forward to receiving assay results from the recently completed drilling at the Red Gate Project in WA.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au

 

Alice Queen Drills Stockpile Gold

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THE DRILL SERGEANT: Alice Queen (ASX: AQX) reported assay results from recent RC drilling at the company’s Horn Island project, located in the Torres Strait, Queensland.

Alice Queen conducted the RC drill program to test a number of legacy heaps, which had been stockpiled on surface from previous gold mining operations from the late 1980s and are estimated to contain in excess of 4 million cubic metres of mined material.

Gold assay intercepts returned included:

21NGR093
16 metres at 1 grams per tonne gold from 4m, including 4m at 3.2g/t gold from 14m;

21NGRC0138
5m at 1.5g/t gold from 7m, including 2m at 2.5g/t gold from 8m; and

21NGRC102
3m at 1.6g/t gold from 0m, including 1m at 3.6g/t gold from 1m.

“There are several legacy stockpiles at Horn Island that contain mined material from the historic 1980s operation,” Alice Queen managing director Andrew Buxton said in the company’s ASX announcement.

“From previous grab samples, we are aware that ore is present amongst this material.

“A limited RC program was designed to test the profile of these legacy stockpiles and it is very encouraging that this program returned positive gold results from all tested stockpiles and may, in the future with further work, provide additional value to a mining operation at Horn Island.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.alicequeen.com.au

 

Ardea Resources Claims Emu Lake Nickel Sulphide Discovery

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THE DRILL SERGEANT: Ardea Resources (ASX: ARL) claimed confirmation of a massive nickel sulphide discovery at the company’s Kalpini project, northeast of Kalgoorlie in Western Australia.

Ardea Resources made the claim following receipt of assay results from drill core hole AELD0003 that included:

2.72 metres at 5.42 per cent nickel and 0.85 per cent copper from 391.04m, including 1.23m at 8.22 per cent nickel and 0.56 per cent copper from 391.04m.

Ardea explained the results from AELD0003 confirm a fertile nickel sulphide horizon, the Western Ultramafic with the hole showing increased massive nickel and copper sulphide grade and thickness on an intact, basal dacite contact.

“The focus of historic Emu Lake exploration has been the Binti Gossan prospect area, one kilometre north of Ardea’s Western Ultramafic channel discovery,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“The Western Ultramafic is a separate and distict high-magnesium ultramafic flow that was not prioritised by past explorers, presumbaly due to an absence of surface gossans as seen at the Binti Gossan.

“With the recently received assay results from core hole AELD0003 confirming high-grade nickel sulphides located on an intact basal dacite contact with komatiite, we now have three adjoining drill holes with nickel sulphide mineralisation on the same contact which conclusively confirms that a discovery has been made.

“Importantly, the interpreted 3D geometry of the AELD0003 discovery suggests the mineralisation is open in all directions for further drill exploration.

“With Ardea holding 20 kilometres of fertile komatiite strike at Emu Lake, there is significant scope to extend this nickel sulphide discovery and make additional discoveries.

“I acknowledge the Ardea team and partners such as CSIRO and Newexco for their input which has assisted in developing the Emu Lake “Thermal Erosion” nickel sulphide model which is a major exploration breakthrough for the company, as it has opened up a new search space.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: ardea@ardearesources.com.au

 

Web: www.ardearesources.com.au

 

Hot Chili Heightens Cortadera’s Open Pit Potential

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THE DRILL SERGEANT: Hot Chili (ASX: HCH) reported recent drill results achieved from the company’s Cortadera copper-gold discovery in Chile.

Hot Chili said the results had continued to expand the deposit ahead of an anticipated global resource upgrade for the company’s Costa Fuego coastal copper development.

The company’s drilling in late 2021, focussed on expanding any remaining open flanks on each of Cortadera’s three porphyries and completing required in-fill drill holes for upgrading resource classification.

Initial results analysed from shallow Reverse Circulation (RC) drilling across Cuerpo 1 and Cuerpo 2 has confirmed wide intersections of copper-gold mineralisation from surface across both porphyries.

Three months of drilling results from the end of the company’s 2021 drilling campaign at Cortadera are being compiled and further announcements are expected.

The new drill results from the Cortadera copper-gold porphyry deposit confirm growth of shallow resources at both Cuerpo 1 and 2.

These include:

CRP0148
156m at 0.4 per cent copper equivalent (CuEq) (0.4 per cent copper, 0.1 grams per tonne gold) from surface, including 32m at 0.6 per cent CuEq (0.5 per cent copper, 0.2g/t gold) from 90m depth; and

CRP0183
80m at 0.4 per cent CuEq (0.4 per cent copper, 0.1g/t gold) from 10m depth, including 12m at 0.6 per cent CuEq (0.6 per cent copper, 0.1g/t gold) from 44m depth.

“We commence the year with $34 million in treasury, 100 percent ownership of Cortadera, Glencore as a strategic investor and our company now consolidated and dual-listed in Canada,” Hot Chili managing director Christian Easterday said in the company’s ASX announcement.

“It is pleasing to see further growth in Cortadera’s open pit potential with these new drill results and we look forward to announcing further results soon.

“A resource upgrade this quarter and a combined pre-feasibility study in the third quarter will position Costa Fuego as a production front-runner in the senior copper development space this year.

“In addition, we have kicked off our next phase of growth, with first drilling well underway across the first of several large exploration targets we will be testing this year, all capable of materially lifting the scale and economics of Costa Fuego even further.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@hotchili.net.au

 

Web: www.hotchili.net.au

 

Predictive Discovery Scores Impressive Bankan Gold Hit

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THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) reported new results from diamond drilling completed at the company’s Bankan gold project in Guinea.

The results, encountered from depth at NE Bankan include:

BNERD0103
48 metres at 2.1 grams per tonne gold from 562m, and 8m at 1.4g/t gold from 613m; and

BNERD0104
7m at 1.02g/t gold from 516m, and 33m at 4.5g/t gold from 536m, including 8m at 13.4g/t gold from 547m.

Both holes intersected broad zones of gold mineralisation more than 100m below the current US$1,800 per ounce resource pit shell.

Predictive Discovery said the BNERD0103 result reinforced the southern plunge of the gold mineralised zone at NE Bankan, while the BNERD0104 intercept provides further confirmation of the consistency of the core high-grade gold zone.

“This deeper drilling continues to extend the high-grade zone, now more than 100 metres below the open-pit, confirming Bankan as one of the most exciting gold deposits globally,” Predictive Discovery managing director Andrew Pardey said in the company’s ASX announcement.

“The company has twin focuses of growing and infilling the known deposits at NE Bankan and Bankan Creek and also a continuing search for further new gold deposits.

“Technical director Paul Roberts is directing a range of aggressive programs designed to uncover new deposits along Bankan’s 35 kilometres-long gold corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@predictivediscovery.com

 

Web: www.predictivediscovery.com

 

 

Drillers Get Straight Back to Work After Holiday Break

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THE DRIL SERGEANT: There is plenty of drill bit action around the traps as companies gear up after the Christmas and New Year break.

 

Battery Minerals (ASX: BAT) announced it will soon resume drilling at the company’ Stavely-Stawell copper-gold project in Victoria.

The company has received confirmation that an aircore rig will return to site in late January with aircore drilling activity set to focus on defining gold-copper targets in the project’s Frying Pan-Cosmopolitan-Cox’s Find prospect areas.

The drilling will be supported by four-acid geochemical analysis and the recommencement of Falcon airborne gravity surveying.

The drilling comes at a time when recently appointed experienced resources executive and geologist Peter Duerden steps up to the plate to take over as managing director and David Flanagan making the move executive chairman to non-executive chairman.

 

E79 Gold Mines (ASX: E79) is another explorer bringing the drill rigs out from summer storage.

E79 Gold has re-commenced drilling operations over the company’s Laverton South gold project in WA.

E79 Gold listed on the ASX last year on the back of a $7 million IPO armed with two flagship projects, the Laverton South project in the Laverton gold district and the Jungar Flats project in the North Murchison region.

“We commenced our initial 25,000 metres aircore program at Laverton South in late November 2021 and, after a short break for Christmas and New Year, we are excited to be back into the field to complete the balance of this initial program,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“The first drill target has already had 3,330 metres of drilling so far and we will test a number of additional targets through to the end of the program.

“Meanwhile, the gravity survey at Jungar Flats in the North Murchison region commenced in December and will finish in mid-late January.

“This survey will allow us to gain a better understanding of the geology of the project and focus our exploration efforts moving forward.”

 

Dundas Minerals (ASX: DUN) recommenced Reverse Circulation (RC) drilling at the company’s Kokoda gold prospect in the Albany-Fraser Orogen of WA.

The company has completed eleven of a planned fifteen drill holes, so the Kokoda program is expected to be finalised quickly, after which drilling will move to the Jumbuck nickel prospect located approximately 8km to the west of Kokoda.

At Jumbuck, Dundas will be following up on historic rotary air blast (RAB) drilling that was drilled in 2011, pre-dating discovery of the Nova nickel deposit, which is located approximately 116km to the northeast of Jumbuck.

Dundas has also re-processed historic electro-magnetic survey data which partially covers the prospect.

This has identified several late-time conductive anomalies that are untested by drilling.

 

Black Cat Syndicate (ASX: BC8) has recommenced RC drilling at the company’s Kal East gold project outside Kalgoorlie in WA.

The RC drilling recommenced at Kal East with two rigs operating.

The first of these is drilling at the Fingals Mining Centre targeting extensions to the current Resource of 4 million tonnes at 2.2g/t gold for 275,000 ounces.

This drilling will systematically test the multiple shallow targets surrounding the Fingals Fortune deposit that Black Cat identified during November 2021.

The second RC rig is continuing at the Jones Find deposit, finishing a program the company commenced in December 2021.

Jones Find has a current Resource of 0.8 million tonnes at 1.3g/t gold for 33,000 ounces and is located only 1.5km to the east of the planned Kal East processing facility.

“Drilling has recommenced with two RC rigs operating at Kal East, focussed on extending current Resources at Jones Find and Fingals Fortune,” Black Cat managing director Gareth Solly said

“Resource upgrades are also underway at the Majestic underground and the planned open pit at Jones Find.

“In addition, discovery drilling is planned around our main mining centres as we follow up on numerous encouraging results from 2021.

“The team will be concluding studies for maiden Ore Reserves in the March 2022 quarter.”

 

Eagle Mountain Mining Drills Oracle Ridge Resources Expansion Potential

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported assays it has received for seven drill holes completed at the company’s 100 per cent-owned Oracle Ridge Mine project in Arizona, USA.

Eagle Mountain reported the high-grade copper assays were achieved at the Western Talon area, which sits outside the existing JORC Mineral Resource of 12.2 million tonnes at 1.51 per cent copper for 184,000 tonnes contained copper.

New assay results received include:

WT-21-43
0.8m at 7.75 per cent copper, 258 grams per tonne silver and 2.54g/t gold;

WT-21-44
13.4m at 1.98 per cent copper, 15.96g/t silver and 0.35g/t gold, within 61.5m at 1.07 per cent copper, 9.87g/t silver and 0.14g/t gold; and

WT-21-45
3.1m at 6.85 per cent copper, 32.23g/t silver and 0.13g/t gold, within 74.4m at 0.93 per cent copper, 6.92g/t silver and 0.1g/t gold.

Drilling recommenced at Oracle Ridge on 3 January 2022 after a short break over Christmas. Two rigs will continue drilling at the Talon, focussing on the Western Talon and potential mineralisation between WT-21-31 and the Leatherwood Mine. Two additional drill pads are currently being established to facilitate better drill positions.

The third rig is testing for expansions to the existing Resource in the central part of the mine area. After this stream of work is completed, the rig will move towards the northern part of the mine area where several targets have been delineated with strong potential to add mineralisation through step-outs as well as infill of broadly spaced historical holes.

“We are delighted that drilling continues to deliver further strong results which supports the upside prospectivity at Oracle Ridge,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“All these results are outside the existing JORC Mineral Resources Estimate (JORC MRE), further supporting the potential to build our mineral resources.

“These results are from the Wave Zone, part of the Western Talon, which continues to excite us with a combination of both high-grade mineralisation and broad mineralised zones which may be more amendable to larger scale mining methods with relatively lower mining costs on a unit basis.

“To provide improved access to target this prospective area, we are currently constructing two new pads above the historic Leatherwood mine which reported historic production of 12 per cent copper, 200 grams per tonne silver and one gram per tonne gold.

“The longer turnaround time for assays means we now have 39 holes pending results.

“This is certainly disappointing, although not unique as these delays are impacting most companies in our sector.

“We remain on track to deliver an update on our JORC MRE in Q1 2022 which will include these latest results.”

 

 

Email: info@eaglemountain.com

 

Web: www.eaglemountain.com