Mt Malcolm Mines Confirms Shallow Golden Crown Gold Mineralisation

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THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) reported receipt of remaining assays and completion of an inaugural RC drilling program at the company’s Golden Crown prospect near Leonora in Western Australia.

Mt Malcolm Mines encountered noteworthy gold intercepts from the nine RC holes for an advance of 860 metres.

Assay results for the RC drill program include:

21GCRC001
1 metres at 0.54 grams per tonne gold (19-20m) and 2m at 0.59g/t gold (32-34m)
3m at 11.97g/t gold (37-40m) including 1m at 33.61g/t gold (37-38m); and

21GCRC003
2m at 0.92g/t gold (19-21m) and 7m at 0.34g/t gold (25-31m) and 1m at 0.66g/t gold (62-63m).

“The Golden Crown prospect is shaping up well with several high-grade gold intersections received to date,” Mt Malcolm Mines managing director Trevor Dixon said in the company’s ASX announcement.

“Limited drilling has confirmed and identified high-grade shallow gold mineralisation that remains open along strike and completely open at depth.

“The prospect is at an early exploration stage and warrants further follow-up RC drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@mtmalcolm.com.au

 

Web: www.mtmalcolm.com.au

 

 

St George Mining Resumes Mt Alexander Diamond Drilling

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced resumption of diamond drilling at the company’s high-grade Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

St George Mining reported the drilling will focus on testing high-priority targets identified from a seismic survey the company recently had completed at Mt Alexander.

St George and CSIRO commenced a research project in 2021 aimed at characterising the unique nickel-copper sulphide mineralisation and intrusive geology in the Cathedrals Belt.

The purpose of the project is to better understand the generation and emplacement mechanism behind the mineralised intrusive system, which may provide an insight into the most prospective areas to host further high-grade nickel-copper-PGE mineralisation in the project area.

The first target to be drilled is S1, a large seismic target that has been modelled with a dip-extent of 450 metres located down-dip from and within the same Cathedrals Belt structure that hosts extensive massive nickel-copper sulphides drilled at Investigators.

“I am delighted that we have been able to commence our drilling so early in the New Year,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The 2022 diamond drilling is our first-ever drilling of seismic targets and the results will be keenly anticipated by all shareholders.

“Our excitement has been dialled up with initial findings from the St George-CSIRO research project that the Cathedrals Belt intrusions are associated with the Warakurna Large Igneous Province, significantly increasing the prospectivity for us to discover more large-scale nickel-copper-PGE mineralisation at Mt Alexander.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@stgm.com.au

 

Web: www.stgm.com.au

 

 

Sunshine Gold Intersects Titov Mineralised Zone

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THE DRILL SERGEANT: Sunshine Gold (ASX:SHN) reported on diamond drilling completed last year at the Titov copper-silver-molybdenum target within the company’s Ravenswood West gold-copper-rare earth project in Queensland.

Sunshine Gold completed drilling the 501.5 metres deep Titov diamond drill hole (21TVDD001) in late December 2021.

The hole was collared approximately 300m south-east of the surface outcrop, having targeted an Induced Polarisation (IP) anomaly, the company had interpreted to be an extension of the copper-silver-molybdenum mineralisation it had intersected in the RC drilling carried out in September 2021.

The company believes the sulphide abundance in the mineralised zone adequately explains the IP anomaly.

“The Titov core looks quite spectacular!” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“Coarse molybdenite is common in quartz veining and chalcopyrite is observed in veining and disseminated in the host porphyry.

“The hole provides context to observations made in weathered surface outcrop and RC drill chips.

“We can see lithological and alteration contacts, mineralisation styles and have been able to gather orientation data on small faults and veining.

“We have now defined the Titov copper-silver-molybdenum system over 300 metres of strike and 300 metres down dip from the outcrop.

“Titov is open at depth and to the east, where the highest copper grades have been intersected.

“There is also a gold in soil anomaly to the east of the drill defined system and exploration efforts will focus on extending the system in 2022.”

Sunshine will have the core cut and assayed, with results expected in late March 2022.

Once cut, select samples of core will be sent for petrology to better understand the timing of alteration events and mineralisation.

Historic diamond drill core from Titov drilling in 1967 has been located at the Queensland Exploration Data Centre, Brisbane.

Sunshine geologists will assess the condition of the historic core in February and relog and photograph all available drill core.

The company has submitted application to cut and sample the historic core.

Follow up RC is being planned to test the eastern extension to the Titov mineralised system at relatively shallow depths that is planned to commence in April.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au

 

Miramar Resources Identifies New Gidji Target to Increase Camp-Scale Potential

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) announced identification of a new ‘Highway’ target parallel to the Blackfriars and Marylebone targets at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie in the Eastern Goldfields region of Western Australia.

Miramar Resources carried out a re-examination of historical data, in particular historical auger data, that identified a one-kilometre long auger gold anomaly parallel to the Marylebone target and the newly outlined Blackfriars target.

The main part of the newly identified ‘Highway’ target has not been tested by historical or recent drilling however two historic aircore holes at the western and northern edges of the target (PKAC527 and PKAC034 respectively) both intersected 4 metres at greater than 0.5 grams per tonne gold.

In addition, several aircore holes completed by Miramar at the southern end of the target, testing the Piccadilly target, increase in grade in a north westerly direction towards the main part of the auger anomaly.

Miramar considers the identification of another new target at Gidji reinforces the potential for a substantial new gold camp, with multiple new gold deposits, to be discovered.

“The Gidji JV project is located in a prime geological position within a major mineralised structure and along strike from several large gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Outcrop is minimal with the most prospective geology and structures obscured by transported material and the northern 50 per cent of the project also covered by recent lake sediments.

“Over the last 12 months, we have shown how underexplored this project is with significant new results coming from every drill program and the identification of several new targets beneath shallow cover, each capable of hosting a significant new gold deposit.

“The identification of a large new target straddling a major highway is further evidence of how underexplored the Gidji project is and the significant opportunity we are uncovering.”

Miramar is currently awaiting results from a Phase 5 aircore drilling program completed in late 2021 and is planning a substantial exploration program at Gidji during 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Medallion Metals Reports Gem Deposit Gold Hits

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THE DRILL SERGEANT: Medallion Metals (ASX: MM8) reported latest results from drilling at the Gem deposit part of the Kundip Mining Centre (KMC) within the company’s Ravensthorpe gold project (RGP) in Western Australia.

The Gem deposit hosts Medallion Metals’ current JORC 2012 Minerals Resources Estimate (MRE) of 674,000.

Highlights include:

RC21KP1056
11m at 10.2 grams per tonne gold, 0.03 per cent copper, 0.5g/t silver from 36m, including 3m at 35.9g/t gold, 0.15 per cent copper, 3.6g/t silver from 36m;

24m at 3.8g/t gold, 0.01 per cent copper, 0.3g/t silver from 127m, including 5m at 10.7g/t gold, 0.03 per cent copper, 0.4g/t silver from 139m;

19m at 1.6g/t gold, 0.1 per cent copper, 1g/t silver from 157m; and

RC21KP1047
8m at 4g/t gold, 0.09 per cent copper, 0.9g/t silver from 134m;
11m at 1.2g/t gold, 0.04 per cent copper, 0.5g/t silver from 168m.

The Gem prospect is located at the northern end of KMC where drilling resumed in early January 2022.

Medallion intends to target the KMC deposits in the coming months, in conjunction with a regional drilling program that will includes follow up drilling at the Meridian and Ariel targets.

The company anticipates the announcement of a global MRE update in the March quarter of 2022.

“This is a great start to 2022, which will be a defining year for Medallion,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“These results continue to demonstrate the continuity of broad zones of mineralisation at the western end of Gem at shallow depths.

“The combination of grade and width demonstrate the potential for this area to deliver material additions to the existing 674,000 ounce gold resource at Kundip.

“From what we are observing in the drilling and geophysics, the trend appears open and therefore Gem is a high priority target as we start the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medalionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Magnetic Resources Encounters Thick Intersections at Lady Julie

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THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) reported multiple thick and high-grade zones starting from surface following recent infill and extension drilling undertaken at the company’s Lady Julie gold deposit.

Magnetic Resources described the anomalous gold zones as “promising”, declaring them to be still open, which was demonstrated by drillhole MLJRC448 that returned an intersection of 88 metres at 1.3 grams per tonne gold from 68m.

The company is looking to test this southern part of the Lady Julie North 1 target zone in detail over a one kilometre length.

The next drill program is to consist of 33 RC holes for 3578m that will be testing between 100 to 250m depth looking for further enriched zones, defining the different stacked zones and vertical mineralised shoots.

This program will also assist Magnetic in the location of deeper holes into the underlying porphyry and porphyry contact positions.

The results achieved from a 2D seismic survey combined with recent major drill programs and historical drillings results have led to the interpretation of 15km of gold targets in 10 areas within the HN5, HN6, HN9 and Lady Julie target areas.

The company considers the best-looking target so far besides the 3km-long HN9 mineralisation, is Lady Julie North (3.9km long).

At Lady Julie North 1 there are many mineralised intersections, such as:

MLJRC162
41m at 2.6g/t gold from 31m, including 15m at 4.2g/t gold from 52m;

MLJRC348
25m at 4.4g/t from 0m; and

MLJRC448
36m at 2g/t from 92m.

The zone between the two thrusts is considered very prospective and there are numerous NS workings, mineralised drillholes and anomalous soil geochemical areas, which are currently being drilled.

 

 

Tombador Iron updates Brazilian JORC Mineral Resource

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THE DRILL SERGEANT: Tombador Iron (TI1: ASX) completed an updated the JORC Mineral Resource Estimate for the company’s 100 per cent Tombador Iron Ore mine in Bahia Sate Brazil.

Tombador Iron produced the update following the company’s 2020/2021 infill drilling program.

The Mineral Resource is comprised of:

8.92 million tonnes of high-grade DSO hematite, which the company is currently mining; and

39.24 million tonnes of itabirites and talus, part of which Tombador is studying the suitability for beneficiating to high-grade lump product.

The drilling campaign focused on proving up the existing resource and its classification within the initial mining area.

The orebody remains open to both the north-east and south-east which the company expects to explore in subsequent drill programs.

Tombador Iron expects to announce a maiden reserve in Q1 CY 2022 as part of the life-of-mine plan.

“It is pleasing that the results of the recent drilling campaign have confirmed the quality and quantity of the high-grade DSO mineral resource at the Tombador project, with the ore body remaining open to the north-east and south-east,” Tombador Iron CEO, Gabriel Oliva said in the company’s ASX announcement.

“It is also pleasing that the drilling campaign identified talus and itabirites resources that have the potential to be beneficiated into high grade ore, and which is the subject of our current beneficiation study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@tombadoriron.com

 

Web: www.tombadoriron.com

 

Blackstone Minerals Recommences Underground Mining at Ta Khoa

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has recommenced mining activities at the company’s 90 per cent-owned Ta Khoa nickel project in northern Vietnam.

Blackstone Minerals is using a combination of Australian and Vietnamese mining professionals and operators, to:

• Complete approx. 1,000 metres of development through the Ban Phuc disseminated orebody generating nickel ore representative of the life of mine plant feed.

• Recommission the Ban Phuc nickel concentrator to produce two batches of nickel concentrate for use in the Ta Khao Refinery piloting programs.

• Deliver the first batch of concentrate to Perth for treatment by ALS Laboratories in the first phase piloting program.

• Process and store the second batch for use in the second phase pilot plant which will be built in Son La in 2022.

Ore produced from the mining program will be processed through the existing 450,000 tonnes per annum Ban Phuc concentrator.

Blackstone has finalised studies to temporarily de-rate the existing plants capacity to suit the requirements of the pilot programs.

Blackstone has refurbished the Ban Phuc concentrator over the last six months.

The crushing circuit was recommissioned in November 2021, with ore commissioning planned for the mill and flotation circuit in January 2022.

“The recommencement of mining activity is an important milestone for the company, and the speed at which approvals were secured is a testament to the expertise and relationships our team has on the ground in Vietnam,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The mining program will provide significant quantities of disseminated ore which will be processed at the existing Ban Phuc nickel concentrator and subsequent pilot plants.

“The opportunity to treat this quantity of ore de-risks both the upstream and downstream business unit development strategies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackstoneminerals.com.au

 

Web: www.blackstoneminerals.com.au

 

Azure Minerals Makes New Mineralised Zone Discovery at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) claimed a new discovery at the company’s Andover project (60% Azure / 40% Creasy Group) in the West Pilbara region of Western Australia.

Azure Minerals announced its ongoing diamond drilling program has discovered a new zone of nickel-copper sulphide mineralisation at the Skyline prospect located approximately 300m to the west of the VC-23 prospect.

The drilling also intersected substantial massive nickel and copper sulphide mineralisation in the VC-07 West mineralised system.

To date, 133 diamond drill holes have been completed on the Andover project, with 102 holes drilled at VC-07 East, 20 holes at VC-07 West, 8 holes at VC-23 and 3 holes at Skyline.

The first three Skyline drill holes intersect nickel and copper sulphide-rich mineralisation coincident with electromagnetic (EM) conductors, encountering:

ANDD0129
7.4 metres of disseminated nickel-copper sulphides from 55.5m;
6.4m of disseminated nickel-copper sulphides from 64.2m; and
6.7m of disseminated nickel-copper sulphides from 81.4m

ANDD0131
2.9m of disseminated nickel-copper sulphides from 70m; and
1.8m of disseminated nickel-copper sulphides from 73.8m

ANDD0132
2.6m of disseminated nickel-copper sulphides from 106.8m; and
13.7m of blebby and disseminated nickel-copper sulphides from 115.2m.

“We’re very pleased that our regional exploration drilling has got off to such a great start with a new nickel-copper sulphide discovery made at the Skyline prospect,” Andover Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The first three holes all intersected nickel-copper sulphide mineralisation coinciding with EM conductors, confirming that on the Andover project, electrical conductance continues to be associated with sulphide mineralisation.

“Meanwhile our drilling continues to intersect substantial nickel-copper sulphide mineralisation within the VC-07 mineralised corridor, with the latest massive sulphide intersections at VC-07 West also coinciding with electromagnetic conductors.

“With multiple mineralised drill hits and extensions of the EM conductors that have yet to be drilled, VC-07 West looks promising for hosting significant nickel-copper sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Alto Metals Hits Gold in New Mineralised Horizon at Vanguard

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THE DRILL SERGEANT: Alto Metals (ASX: AME) reported gold results from a recent completed major drilling program at the company’s 100 per cent-owned Sandstone gold project, in Western Australia.

Alto Metals received the results from RC drilling at the Vanguard deposit targeting the extensions of high-grade mineralisation, along the Vanguard Trend.

New assays, relate to one-metre fire assay results from 18 RC holes for a total of 3,364m.

The RC drilling was completed on 40m line spacing.

Results include:

SRC495
24 metres at 3.5 grams per tonne gold from 132m EOH, including 2m at 11.7g/t gold from 141m and 2m at 18.6g/t gold from 154m EOH; and

SRC504
4m at 2.7g/t gold from 38m; and 17m at 1.6g/t gold from 117m, including 1m at 11.6g/t gold from 128m.

Drill hole SRC495 was drilled 100m east of the main Vanguard deposit and was drilled on 40m spacing, north-west of previously reported SRC272 which returned 30m at 1.9g/t gold from 131m  and confirms the presence of a new mineralised horizon which remains open along strike and down dip.

The company is currently working on an updated Mineral Resource Estimate that is on track for release during the March quarter 2022, subject to further assays pending.

“Our drilling continues to highlight the growth potential at the Vanguard Camp,” Alto Metals managing director Matthew Bowles said in the company’s ASX announcement.

“Following the latest high-grade gold results recently announced from Vanguard North, it is equally exciting to see a standout intercept of 24m at 3.5 grams per tonne gold in SRC495, together with the 30m at 1.9 grams per tonne from SRC272, highlights the presence of a new gold horizon at Vanguard, 100 metres east of the main deposit.

“Mineralisation at the Vanguard Camp is within two parallel trends, defined so far, along a two kilometre strike length with high-grade gold in multiple drill holes outside the current resource.

“Our systematic approach is continuing to deliver and we are looking forward to recommencing our aggressive drilling program early in the new year.

“With assays still pending for over 50 RC holes, we expect continued news flow over the coming weeks and our updated Mineral Resource is on track for release during next quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altometals.com.au

 

Web: www.altometals.com.au