Kin Mining Claims New Gold Discovery at Cardinia Gold Project

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) claimed a new shallow gold discovery at the company’s 100 per cent-owned 1.275 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin mining made the claim following drill results achieved by an air-core (AC) drilling program at the Pegasus prospect intersected a zone of shallow, high-grade, gold mineralisation, located adjacent to project’s the 374,000 ounce Bruno-Lewis deposit.

Results include:

PG21AC144
4 metres at 10.1 grams per tonne gold from 24m;

PG21AC224
8m at 3.08g/t gold from 8m;

PG21AC285
4m at 1.61g/t gold from 20m;

PG21AC290
4m at 2.25g/t gold from 32m; and

PG21AC138
12m at 0.7g/t gold from 4m.

“While still early days, Pegasus appears to be a parallel structure to the adjacent Bruno-Lewis deposit and has all the hallmarks of a significant new discovery in the Cardinia area,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The air-core drilling has so far outlined a substantial mineralised position in the eastern side of the gravity low which heightened our interest when we first reviewed the geophysical data in the September quarter.

“The eastern edge of the Pegasus gravity low contains numerous ore grade hits in shallow drilling within a zone extending over at least 800 metres in length and up to 100 metres wide.

“New intersections such as 4m at 10.1g/t gold and 8m at 3.08g/t gold supported by other previous drilling intersections such as 10m at 3.1g/t and 16m at 1.04g/t nearby at the historical Pride of the North workings indicate to the geological team that Pegasus is a potentially significant mineralised area.

“Given the widespread nature of the ore grade intercepts we have seen in the results returned to date, we will now look forward to the remaining results from the north western extension of the anomaly which are expected to be returned over the next four weeks.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Arrow Minerals Gets Drilling Underway at Vranso Project in Burkina Faso

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THE DRILL SERGEANT: Arrow Minerals (ASX: AMD) has begun a reverse circulation (RC) drilling program at the company’s Vranso project in Burkina Faso.

Arrow Minerals is drilling four advanced stage drill-ready prospects that company has identified within a 20 kilometre radius of the Perkoa zinc mine via a data compilation and integration exercise that captured historical geochemical, geophysical, and geological information covering the 1,300 square kilometres area of the project.

The program will entail around 50 holes designed to systematically test for extensive shallow high-grade gold mineralisation at the Dassa, Guido, Semapoun, and Bantole prospects.

“The commencement of Arrow’s drilling program on the Vranso project is the culmination of a concerted effort, following the identification of an outstanding gold exploration opportunity by the company,” Arrow Minerals managing director Howard Golden said in the company’s ASX announcement.

“We have consolidated an enviable land position in a prolific gold belt with a huge cache of historical data that has sat dormant in terms of gold exploration for the past 10 years.

“Arrow is now pursuing an aggressive exploration campaign to define shallow gold deposits amenable to open pit mining in an area with excellent infrastructure within Burkina Faso.

“With an experienced and well-funded team in place, a multi-faceted field program will be executed over the coming months.”

 

 

 

Email: info@arrowminerals.com.au

 

Web: www.arrowminerals.com.au

 

 

Tietto Minerals Encounters Big Gold Hit at Abujar Gold Project

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

Tietto Minerals completed what was the fifth batch of infill drilling at the deposit with the aim of converting a portion of Indicated resources (35Mt at 1.5g/t gold for 1.65Moz) to Measured ‐ targeting the first two years of Abujar’s gold production.

The company hit numerous high‐grade gold intercepts Abujar, with infill drilling at AG Core returning results that included:

ZDD703
8 metres at 12.43 grams per tonne gold from 187m, including 2m at 48.37g/t gold and 12m at 6.1g/t gold from 208m, including 10m at 7.15g/t gold.

“Our fifth batch of results from our infill drilling program at Abujar is delivering up more high‐grade gold intercepts that continue to de‐risk open pit mining at Abujar,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.

“The infill program is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.

“These impressive results follow our DFS last month that confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years.

“We are also extremely pleased with the quality of the institutions that have indicated their interest to provide the project funds needed to develop the Abujar gold project into West Africa’s next gold mine, as announced earlier this week.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@tietto.com

Web: www.tietto.com

 

Latin Resources Confirms Zones of Bright Noombenberry Kaolin

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) provided a rundown of recent activity at the company’s 100 per cent-owned Noombenberry halloysite-kaolin project, near Merredin in Western Australia.

Latin Resources is currently advancing the Cloud Nine deposit at Noombenberry through preliminary and Pre-Feasibility (PFS) mining studies.

The company has recently completed a campaign of Resource infill and extension drilling and sampling, that results from which are expected to provide sufficient data to increase the current Inferred MRE to a JORC Indicated and potentially Measured classification.

In May, Latin announced a maiden Mineral Resource Estimate of 207 million tonnes of kaolinised granite, which included separate domains containing 123 million tonnes of bright-white kaolinite and 84 million tonnes of kaolin/halloysite-bearing material.

Results from close spaced drilling to confirm continuity of Ultra-High brightness (+80 ISO-B) kaolinite at Cloud Nine, include:

NBAC361
10 metres at 85.8 ISO-B from 10m; and

NBAC356
24m at 83.4 ISO-B from 14m.

Early results from initial metallurgy indicate improved yields may be achieved from the fine fraction of the kaolinised granite.

“These latest results from our close spaced drilling are exceptional,” Latin Resources exploration manager Tony Greenaway said in the company’s ASX announcement.

“They have exceeded our expectations, in that they have shown that for this area, the thickness and brightness of the kaolinite zone and grades of the halloysite zone are far better than our Inferred block model suggests.

“This finding will have a significant impact on our next phase of resource estimation as we look to upgrade our model from Inferred to Indicated and potentially Measured in this area.

“These results have also given us the confidence to step-up the pace of our preliminary mining studies, as we move to fast-track the Cloud Nine deposit towards a potential DSO operation.”

 

 

 

Email: info@latinresources.com.au

Web: www.latinresources.com.au

 

Eagle Mountain Mining Continues High-Grade Copper Hits at Talon

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THE DRILL SERGEANT: Eagle Mountain Mining (ASX: EM2) reported its latest results from drilling at the company’s 100 per cent-owned Oracle Ridge Mine Project in Arizona, USA.

Eagle Mountain reported further high-grade copper assays received from along the Western Talon at Oracle Ridge.

These results occur outside the existing JORC Resource and within a geophysical anomaly stretching over 750 metres, including:

WT-21-33
5.8 metres at 2.72 per cent copper, 29.59 grams per tonne silver and 0.72g/t gold, within 16.6m at 1.87 per cent copper, 18.53g/t silver and 0.51g/t gold;

WT-21-34
7.6m at 2.2 per cent copper, 20.7g/t silver and 0.25g/t gold; and

WT-21-34
3.3m at 2.06 per cent copper, 22.48g/t silver and 0.56g/t gold.

Eagle Mountain said the results were achieved within a recently defined ‘Wave’ zone, which it has now interpreted to connect to the historic Leatherwood Mine.

“These latest drilling results are significant as they not only provide further support for expanding our JORC Resource, but they confirm the prospectivity of the ‘Wave’ structure which hosts some of the thickest intercepts at Oracle Ridge,” Eagle Mountain Mining CEO Tim Mason said in the company’s ASX announcement.

“Furthermore, the Wave zone, which is a feature within the Talon, is now interpreted to connect recent high-grade intercepts to the historic Leatherwood mine where mineralisation outcrops at the surface at the southern end of the mine area.

“While the Leatherwood mine is relatively small, the reported mined grades are spectacular suggesting potential for very high-grade copper mineralisation to also occur along the Wave zone.

“We have assays pending for 11 drill holes from the northern part of the Wave zone and further holes will be drilled as roads are established in this area.”

 

 

Email: info@eaglemountain.com.au

 

Web: www.eaglemountain.com.au

 

Medallion Metals Drills Strong Infill Gold Results at Ravensthorpe

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

The Kundip Mining Centre hosts the company’s current JORC 2012 Mineral Resource Estimate of 674,000 ounces of gold.

Recent RC drilling has confirmed a broad zone of mineralisation with strong continuity to surrounding drilling at the western end of Kaolin deposit, returning results of:

RC21KP1050
20 metres at 2.57 grams per tonne gold, 0.14 per cent copper, 2.25g/t silver from 38m, including 9m at 2.6g/t gold, 0.03 per cent copper, 0.91g/t silver from 71m and 8m at 3.4g/t gold, 0.30per cent copper, 4.48g/t silver from 83m; and

RC21KP1049
34m at 1.56g/t gold, 0.2 per cent copper, 2.06g/t silver from 91m, including 21m at 1.45g/t gold, 0.1 per cent copper, 0.84g/t silver from 91m and 11m at 2.01g/t gold, 0.42per cent copper, 4.92g/t silver from 114m.

Mineralisation remains open at Kaolin down-dip to the south and down-plunge to the southwest with extensional drilling in progress.

Deeper stratigraphic drilling has identified multiple mineralised intersections the company has interpreted as down-dip from both the Kaolin and Harbour View prospects.

“These results are significant in two key respects,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“Firstly, the continuity of the broad zones of mineralisation at the western extent of Kaolin provide confidence that material additions to the existing 674,000 ounce gold resource at RGP can be expected from this area.

“The widths and grades are amenable to open pit mining and we’re confident this will lead to extensions of the existing pit design at depth and along strike.

“Secondly, the deep stratigraphic holes into the projected intersection of the Kaolin and Harbour View corridors confirm the system is open to a depth of at least 350 metres below surface.

“When Medallion commenced this drill program in April 2021, the average depth of drilling at KMC was 85 metres below surface and we are now starting to see the potential of the area begin to emerge.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medalliometals.com.au

 

Venture Minerals’ ‘Julimar Lookalike’ Target Receiving Chalice Mining EM Treatment

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) announced that Chalice Mining (ASX: CHN) has recommenced a ground EM program at Venture’s South West nickel-copper-PGE project in Western Australia.

Venture Minerals’ project is located within Chalice’s interpreted highly prospective West Yilgarn nickel-copper-PGE province.

The EM program had started in late April 2021 but was put on hold in June due to wet weather.

Chalice’s geophysical survey is part of the first stage of the JV earn-in focused on Venture’s Thor Target, a 20 kilometres long, ‘Julimar lookalike’ magnetic anomaly interpreted to be mafic-ultramafic intrusive complex, in which Chalice may earn up to 70 per cent by spending $3.7 million on exploration over four years.

The remainder of the Chalice’s EM program will be fixed-loop EM surveying to cope with the difficult nature of the terrain and is to be carried out over an area where Venture’s airborne EM survey delineated 13 highly conductive anomalies within the southern 6.5km of the ‘Julimar lookalike’ magnetic anomaly.

“The Board is pleased to see the recommencement of our JV partner Chalice Mining’s ground EM program, with this next phase targeting the area where Venture’s own airborne EM survey delineated 13 anomalies, suggesting the current survey is highly likely to generate further bedrock conductors and potentially high priority drill targets,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“What is most exciting is the opportunity this gives to Venture shareholders with Chalice potentially drilling these conductors early next year with the aim of making another Julimar discovery.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Technology Metals Australia Increases Yarrabubba Mineral Resource Estimate

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THE DRILL SERGEANT: Technology Metals Australia (ASX: TMT) reported an updated Mineral Resource Estimate (MRE) for the Yarrabubba project, part of the company’s Murchison Technology Metals Project (MTMP) in Western Australia.

Technology Metals has increased the Yarrabubba MRE by 32 per cent to 36.6 million tonnes at 0.8 per cent vanadium.

The Indicated component of the MRE now stands at 20.2 million tonnes at 0.9 per cent vanadium at Yarrabubba, representing a 110 per cent increase on the previous maiden Indicated MRE.

The upgrade includes high-grade component of 19 million tonnes at 1.1 per cent vanadium, increasing the Murchison Technology Metals Project (MTMP) high-grade component to 79.8 million tonnes at 1.1 per cent vanadium.

The global Measured and Indicated Mineral Resource Estimate for the MTMP has increased by 27 per cent to 50.2 million tonnes at 0.9 per cent vanadium.

“The Yarrabubba Mineral Resource upgrade is very pleasing, delivering on our objectives with a significant increase to the overall mineral resource and importantly more than doubling the Indicated mineral resource component,” Technology Metals managing director Ian Prentice said in the company’s ASX announcement.

“This underlines the opportunity for Yarrabubba to materially extend the life of the proposed low-cost MTMP as a large scale, world class vanadium development project, which is expected to be viewed favourably by prospective project financiers and key stakeholders.”

Work is now underway to update the Yarrabubba Ore Reserve estimate that is to be integrated into an expanded Global Ore Reserve estimate for the MTMP.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investors@tmtlimited.com.au

 

Web: www.tmtlimited.com.au

 

Azure Minerals and Andover Continue Drilling Triumphs

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported completion of the latest drilling at the company’s Andover project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

Azure Minerals completed a mineral resource drill-out of the VC-07 East nickel-copper sulphide deposit, achieving results including:

ANDD0078 (near-surface)
2.8m at 2.23 per cent nickel, 0.31 per cent copper and 0.1 per cent cobalt from 49.1m downhole;

ANDD0079 (upper western side extensional)
7.1m at 2.16 per cent nickel, 0.74 per cent copper and 0.1 per cent cobalt from 305.1m downhole; and

ANDD0083 (upper western side extensional)
6.5m at 2.28 per cent nickel, 0.55 per cent copper and 0.1 per cent cobalt from 318.3m downhole.

Azure indicated the resource drill-out at VC07 East has now been completed and a maiden Mineral Resource Estimate is expected to be delivered in the first quarter of 2022.

Drilling has moved to now focus on the VC-07 West mineralised zone, where three rigs are following up intersections of high-grade nickel-copper sulphide mineralisation and associated electromagnetic plates drilled by Azure earlier this year.

This drill program will also be testing several geophysical targets identified by the company’s earlier regional exploration program, including VC-23, VC-18 and VC-41.

“In the year since we arrived at the Andover project, our exploration team has identified and drilled numerous zones containing substantial nickel and copper sulphide mineralisation, which points to Andover being a significant nickel district,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“From the initial identification of the kilometre-long VC-07 mineralised corridor, we’ve now completed drilling out the VC-07 East deposit and the estimation of Andover’s maiden mineral resource is underway.

“From here, we move on to defining the VC-07 West mineralised body, where our earlier drilling intersected multiple sulphide-rich zones containing high grades of nickel and copper and shortly we’ll also start drilling on some of the regional electromagnetic anomalies, such as the high-priority targets at VC-23 and VC-18.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

Elementos Updates Oropesa Tin Project Mineral Resource Estimate

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported an increase to the total Mineral Resource Estimate at the company’s 100 per cent-owned Oropesa tin project in Spain.

Elementos declared material increase to the tonnage, shallowness and geological confidence levels at Oropesa, resulting in a current MRE of 18.86 million tonnes at 0.4 per cent tin at a 0.15 per cent tin cut-off.

In the update, 16.62 million tonnes (88%) of the Mineral Resource is classified as Measured and Indicated, confirming both geological and grade continuity to support the preparation of a Definitive Feasibility Study.

Additionally, 4.97 million tonnes of the Mineral Resource in now within 100 metres of the surface.

“We are extremely pleased by the results of the updated Mineral Resource estimate which exceed the goals set by the company before the drilling program started last year in both the magnitude of the increase to the Mineral Resources tonnes and classification confidence compared to the 2018 numbers,” Elementos chief executive officer Joe David said in the company’s ASX announcement.

“These increases result in the project having a large, shallow and geologically confident Mineral Resource base to assess in our future mine planning studies, via techno-economic modification factors, and supports our goal of releasing a maiden JORC Ore Reserves Statement at Oropesa.

“In a period of record high tin prices, this upgraded Mineral Resource Estimate puts the company in a prime position to complete the mine planning stage of the Definitive Feasibility Study next year and move this project forward and into production.

“The company is well funded, with $5.2 million cash (at 30 September 2021) and approx. $6.3 million of exercisable options outstanding which expire during 2021.

“Elementos is well positioned to progress Oropesa through feasibility studies and into production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au