Medallion Metals Drills Gem Ahead of Global Resource Upgrade

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

The KMC hosts the company’s current JORC 2012 Mineral Resources Estimate (MRE) of 674,000 ounces at 2.4 grams per tonne gold.

Medallion Metals said the new drilling had extended and improved its confidence in mineralised zones at Gem to the southeast and southwest, with highlights including:

RC21KP1048
9m at 5.75 grams per tonne gold, 0.16 per cent copper, 2.16g/t silver from 95m, including 1m at 29.1g/t gold, 0.44 per cent copper, 7.8g/t silver from 99m;

DD21KP1029
6.92m at 4.78g/t gold, 0.16 per cent copper, 1.4g/t silver from 93.63m;

DD21KP1028
3.01m at 7.35g/t gold, 0.52 per cent copper, 4.19g/t silver from 80.32m; and

RC21KP952
11m at 1.49g/t gold, 0.32 per cent copper, 1.86g/t silver from 109m.

“These are further strong results from the two key areas at Gem that we view as having the greatest upside potential in terms of extending mineralisation,” Medallion Metals managing director Paul Bennett said in the company’s ASX announcement.

“The results bolster the imminent resource upgrade and importantly provide confidence to follow up with an aggressive extensional program before the middle of the year.

“Gem represents half of the current resource in terms of ounces.

“Seeing the mineralisation open in multiple directions gives the team confidence Gem can continue to underwrite our growth toward achieving critical mass of 1.5 million ounces and beyond.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@medallionmetals.com.au

 

Web: www.medallionmetals.com.au

 

Dacian Gold Reports Big Doubeljay Gold Hit

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

 

2021 in The Front Bar…Revisited

The weekly events that occur in the Front Bar of The Resources Roadhouse never cease to amaze…

15/1/21

Well, we returned to The Roadhouse after the break to find that nothing had changed in our absence.
One has to wonder what is considered more important – Cricket Australia making lots of money taking touring test teams up and down the eastern seaboard, or the health and well-being of the nation.
Or, for that matter, should Tennis Australia and its entourage of financially-struggling tennis players be flown in from an overseas destination rife with the latest mutation of the covid virus (Dubai – I’m looking at you), or should they take the hit and say, maybe not this year folks.

29/1/21

spare a thought for Anthony Albanese, who wandered in mid-week.
Never one for small talk, Albo made a bee-line for his favourite stool, opened up his note pad (old-style) and began jotting down his thoughts.
As he sat, we noticed he rocked back and forth in a rather hypnotic, rhythmic manner while repeating a low incantation of, ‘if not me then who; if not me then who;’, over and over.

17/2/21

Day One of The 2021 RIU Explorers Conference was as busy as one may have expected, especially given the timing of the conference coincided with WA’s COVID-related lockdown easing into a statewide reopening.

12/3/21

It was of no surprise for anybody when Prince Harry and Meghan Markle sauntered through our front door this week.
In fact, it was they who seemed to be most surprised when seeing beleaguered attorney general Christian Porter.
Demonstrating he does believe some of the news printed in the mainstream media, Prince Harry gently guided his wife to another booth situated way over on the opposite side of the room.

19/3/21

Here at The Roadhouse we are beginning to wonder why PM Scott Morrison so often takes refuge within the confines of our front bar, especially since he rarely takes any opportunity offered to him to take a stroll around the gardens of Parliament House.
Being that as it may, there he was again this week, and, you guessed it, he found himself in yet another Branston of a Pickle.
Having washed down a full Roadhouse breakfast with a cup of Maxwell House, our protagonist went to leave the front bar via the front door when he noticed a throng of angry women marching in our direction.
We hadn’t informed Mr Morrison that the Women’s March participants had been offered refreshments and a post-march function to be held in The Lang Hancock Room.
Quick as a wink, he sought sanctuary by way of exiting through the rear door, but alas, once again his plans were foiled with the car park filled to the gills with folk who had registered for their COVID vaccine shots that had, at that stage, yet to arrive.
‘Free muffins and coffee in the back room’, he yelled, creating enough of a diversion for him to leap into a waiting big, black car to whisk him away to the asylum of his Prime Ministerial Chambers.

26/3/21
Although it was not a surprise to see PM Scott Morrison saunter into the front bar of The Roadhouse this week, it was surprising to see him accompanied by a bask of crocodiles.
Fortunately, they were all on leashes and wearing muzzles, however, their presence did unsettle a few of the locals.
Asked why he was escorting such a cluster, he responded that the said reptiles belonged to a local circus that considered him the best qualified person in the land to teach them how to cry on command.

23/4/21
There was an awkward moment in The Roadhouse this week as Leader of the Opposition (Federal) Anthony Albanese propped up at the front bar and we made the error of asking him what was on his mind as he stared wistfully at the beer we had poured him rather than drink it.
Why don’t you ever write about me?
A pause of Pinteresque proportions ensued as our regular punters all shuffled their collective feet and moved to gain the best view out the main window to the car park.
In the end we just had to be blunt and inform our intrepid potential PM that if he wants to be noticed, he really needs to get out and do a bit more.

18/6/21

There was a rush excitement at The Roadhouse this week when the Front Bar was suddenly filled by a passing group of around 50 strangers.
When we asked them to identify themselves, a spokesperson said they were all unofficially unemployed persons, sent by Federal Treasurer Josh Frydenberg to hide from official number counters.
Without warning the front door swung open again as another of the company burst in telling them all to, ‘look busy!’
As one they began a cleaning frenzy in the Front Bar of The Roadhouse as in came Federal Opposition Leader, Anthony Albanese.
‘Are there any unemployed people here today?’, he questioned the group.
With no response in the affirmative forthcoming, Albo expressed his frustration at not being able to locate the unemployed numbers he seeks, adding that he knows the Treasurer is hiding them somewhere he just can’t find where.

2/7/21

It will be of no surprise to anybody that things have been fairly quiet in The Roadhouse this week.
That is to be expected after all with the majority of major centres locked down and the ability of people far and wide to travel the same severely curtailed.
Thankfully, there is one constant in the universe, and his name is Barnaby.
With media outlets obsessing over who is at fault regarding all the lockdowns and their political targets all maintaining low profiles, the Member for New England and Deputy Prime Minister of our nation once again provided the week’s highlight.
We doubt the $200 fine placed a massive strain on his financial status, but it did keep him in the news.
Could it have been a deliberate set-up that we all fell for? No, not even Barnaby would stoop that low…

9/7/21

We’re not certain if he has his own key to The Roadhouse these days, or whether somebody left the door open, but we came down to the Front Bar this morning to find PM Scomo holding an urgent presser.
It came to light that in the aftermath of events overnight our man immediately put into development and implementation a critical new four phase plan.
With Australia’s current best asset – in any field, Ash Barty winning her way through to the Wimbledon singles final, Scomo is desperate to get to the All England Tennis Club in time to crash what could be a historic photo opportunity.
Phase one of his new plan is to fire up Mathias Cormann’s private job interview jet and fly out asap.
Phase two will be to find a scalper willing to sell him a ticket to said final, perhaps his mate Boris Johnson can help out there.
Phase three depends on the result of the match, however, should our Ash win, Scomo will determinedly strongarm his way into the dressing rooms for post-match snaps.
Phase four – again dependant on the result: will see Ash Barty whisked home on the Cormann plane to front the media on the tennis court in the back yard of The Lodge where Scomo will hit a few balls with her.

23/7/21

There was a subdued celebration in The Roadhouse this week as we acknowledged the efforts of the Queensland government in landing the 2032 Olympic Games for the city of Brisbane.
The time frame is important, as it coincides with federal government climate change policies and could also, quite possibly the way things are going, be the time the country, and the world, emerges from the dark ages of the covid-19 pandemic.
It is around this time global car manufacturers are predicting to be rolling more electric vehicles than those with internal combustion engines of the assembly line and we figure this will provide Queensland the perfect opportunity to introduce a new podium celebration to the Games.
Gold, silver, and bronze medals should, at this time, be replaced by metals that, in the future, will most likely be considered more valuable due to their contribution to the coming electric vehicle craze.
Therefore, we propose those standing on the winners’ dais should be awarded medals of nickel, lithium, and zinc for first, second, and third respectively.

20/8/21

The Roadhouse was the site for a medical breakthrough announcement this week when a respected virologist (who wishes to remain anonymous for now) announced the development of a new vaccine.
The back slapping was immediate with regular punters rolling their sleeves up to be jabbed in defence of whichever latest covid-19 strain may be doing the rounds.
Our scientific chum quickly deflated the collective hopes of those in attendance when she explained the new vaccine she had developed was for the prevention of stupidity in political policy making and that it had also been proven to prevent the general public from making similar faux pas.
Sleeves were rapidly rolled down as enthusiastic jabbers altered their views and jumped aboard the ‘not in my arm you don’t’ bandwagon.

3/9/21

We received a surprise visitor to The Roadhouse earlier this week in the recognisable shape of Federal Minister for Employment, Skills, Small and Family Business, Senator Michaelia Cash.
Stepping off the ferry ride across the river Styx from her home constituency, Ms Cash tipped the ferryman and walked her diabolic, two-headed dog across the car park, tying it up out the front.
‘Sit Clive! Sit Craig!’, she barked at the bi-craniumed hound from hell, then sashayed inside to watch the live streamlining of the National Cabinet meeting on the Front Bar Big Screen.
She ordered a takeaway box of pies, which she said would keep the beast quiet on the ferry trip home.

24/9/21

We snuck into the Lang Hancock Room this week to watch final rehearsals for The Roadhouse Players’ upcoming production, a revamping of the popular French Farce television series, ‘Allo, ‘Allo.
The show revolves around bumbling café owner Rene, played by PM Scott Morrison, who’s recent credits include ‘That Feller from Downunder’.
The plot entails Rene smuggling secret submarine blueprints from France to Australia with assistance from British PM Boris Johnson (played by Barnaby Joyce), and US President Joe Biden (Josh Frydenberg).
Of course, Rene is distracted by the sexy waitresses, two surprisingly convincing performances from Marise Payne and Michaelia Cash.
Alas, somebody always misses out and this time it is former company heart-throb Christian Porter, who was more than keen to land the role of the comical policeman, which on this occasion fell into the very capable hands of Peter Dutton.
Porter cut a forlorn figure in the Front Bar, sitting at a booth watching his breakfast order of croque monsieur and le chocolat chaud slowly become cold and unpalatable.

12/11/21

We experienced an unusual phenomenon in The Roadhouse this week, something that we haven’t had to share for quite some time.
There wasn’t much fanfare involved, none to speak of at all actually, it was just what most of us would normally consider to be a daily occurrence, even weekly, but had for reasons unknown become an occasion as rare as proverbial lady chicken dentures.
It happened after Prime Minister ScoMo had gone through his usual performance of pamphlet waving and making declarations that others would analyse later for snippets of truth or porkies.
To the surprise of everybody present, Opposition Leader Albo stood up cleared his throat and said something.
Not just anything, but something that was in actual response to events of the present time.
Nobody was sure why he did it. Maybe to mark the start of some form of campaign, or maybe just to remind his team and party faithful that he was still around and, for now, in the big chair.

 

It all happens at The Roadhouse.

Wishing all our loyal regulars a very merry Christmas and Happy New Year.

 

Kairos Minerals Expands Pilbara Gold Project

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) announced further expansion to the company’s 100 per cent-owned Pilbara gold project in Western Australia.

Kairos Minerals advised the market it has secured a strategic tenement package it considers prospective for both intrusive-related gold and lithium discoveries.

The package includes the newly named Rocklea project that comprises two new Exploration Licence Applications (E45/5960 and E45/5961), while a new Exploration Licence Application (E45/6018) was added to the existing Lalla Rookh project.

The two Rocklea Exploration Licence Applications cover mainly the granitic rocks of the Sisters Supersuite intrusion, which is displaced by a northwest-southeast fault zone.

The new Lalla Rookh Exploration Licence Application primarily covers the paleoarchaean rocks of the Cleland and Callina supersuites.

Ultramafic rocks are mapped within the ELA and are considered prospective for gold and base metals mineralisation.

The Lalla Rookh historic gold mine sits approximately two kilometres south of the new tenement area.

“This is an exciting addition to our Pilbara gold project, which already encompasses a very large and strategic footprint in this Tier-1 mining and exploration district,” Kairos Minerals executive chairman Terry Topping said in the company’s ASX announcement.

“The new licence applications will increase our overall ground-holdings by 30 per cent to over 2,000 square kilometres, making us one of the largest land-holders in the central and east Pilbara with ground situated across a number of important strategic geological structures.

“The new Exploration Licences covering the Rocklea and Lalla Rookh projects are highly prospective for both Hemi-style, intrusive-related gold discoveries and LCT-style pegmatite lithium discoveries.

“This is another demonstration of our commitment as a long-term strategic explorer in the Pilbara region and further strengthens our deep pipeline of exploration opportunities.

“We look forward to the commencement of initial exploration activities including an airborne magnetic and radiometric survey.”

 

 

Email: info@kairosminerals.com.au

 

Web: www.kairosminerals.com.au

 

Cazaly Resources Confirms Mount Angelo Copper-Zinc Mineralisation

THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) received assay results from a recent drilling campaign carried out at the Mount Angelo North copper-zinc project located within the company’s Halls Creek copper project in the Kimberley region of Western Australia.

Cazaly Resources completed seven RC drillholes at Mount Angelo North in June to test the continuity of shallow copper-zinc mineralisation and explore the potential extensions to known sulphide mineralisation along strike and down dip.

One RC drill hole with a diamond drill hole tail was also drilled to test a previously defined downhole electromagnetic (EM) target.

The company declared the RC results had confirmed good, consistent high-grade copper-zinc mineralisation and marginally extended the known limits of the deposit.

The drilling, and recent re-modelling also highlighted a potential new down plunge position for zinc mineralisation.

Maximum single metre values returned from the drilling included:

37.9 per cent copper, 4.1 per cent zinc, 1.2 per cent lead, 63 grams per tonne silver and 1.57g/t gold.

This was the first drilling to be conducted at the project since Cazaly acquired full control of the project.

“The results are excellent and extend the known mineralisation at Mount Angelo North whilst confirming the high-grade continuity of the deposit,” Cazaly Resources CEO Tara French said in the company’s ASX announcement.

“We are now looking forward to updating the resource and further exploring the wider region for further mineralisation.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au

 

 

Greg Miles Caspin Resources (ASX: CPN) July 2021

Caspin Resources (ASX: CPN) has recommenced drilling at the Yarabrook Hill deposit within the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia. CEO Greg Miles zoomed into The Resources Roadhouse on the eve of Diggers & Dealers to fill us in on all the details.

Allan Kelly Miramar Resources (ASX: M2R) July 2021

Miramar Resources (ASX: M2R) executive chairman Allan Kelly zoomed into The Resources Roadhouse to inform us of progress being made at the company’s Gidji gold project and others in its portfolio of Western Australian gold projects.

Shannan Bamforth Codrus Minerals (ASX: CDR) July 2021

Codrus Minerals (ASX: CDR) listed on the ASX on a portfolio of gold projects that were not getting the attention they deserved from previous owner Blackstone Minerals (ASX: BSX). Managing director Shannan Bamforth zoomed into The Resources Roadhouse to provide some insight into the company’s ambitions.

Mike Anderson Firefinch (ASX: FFX) July 2021

Firefinch (ASX: FFX) is ramping up gold production at the company’s Morila gold mine in Mali as it prepares to Joint Venture its Goulamina lithium project with Gangfen. Managing director Mike Anderson zoomed into The Resources Roadhouse to supply an update.

Scott Williamson Blackstone Minerals (ASX: BSX) July 2021

Blackstone Minerals (ASX: BSX) managing director Scott Williamson always has plenty to talk about when it comes to the company’s Ta Khoa nickel-copper-PGE project in North Vietnam. He zoomed into The Resources Roadhouse to provide an update on the latest activities.