Hi Ho, Hi Ho, it’s off to work we go
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week.
Government grant to drill Truncheon
Red River Resources (ASX: RVR) has received $75,000 in funding from Round Nine (9) of the Queensland Government’s Future Resources Program – Collaborative Drilling Initiative towards drilling the company’s Truncheon prospect.
Red River has undertaken reprocessing of historical geophysical data (gravity and induced polarisation chargeability) which has indicated that the Truncheon prospect anomaly (combined gravity, induced polarisation chargeability and geochemistry) is of similar size and scale to the historical anomaly at the Highway-Reward deposit.
Red River proposes to drill four drill holes of approximately 500m depth each for a total of 2,000m to test the Truncheon prospect for high-grade copper mineralisation.
The drill holes will consist of 150m reverse circulation pre-collars with diamond core tails. Drilling is planned to take place in the second half of 2015.
Drilling started near Bongou
Predictive Discovery (ASX: PDI) has kicked off a combined reverse circulation (RC) and air core drilling program on areas near the company’s Bongou gold discovery in Burkina Faso.
The drill program will test six prospects where recent exploration has signalled potential for the discovery of gold mineralisation that could add to the high-grade gold resource already at Bongou.
Drilling will be carried out at four locations, all within 10 kilometres of Bongou.
Target W2, where PDI drilling in 2014 intersected 12m at 1.4g/t gold in a one-hole RC drill test.
Target W8, which coincides with a 60m long artisanal open pit working and where PDI’s power auger sampling and trenching in 2014 obtained values of up to 2g/t gold and 2.2g/t gold respectively.
Target W7, which coincides with a plus 100ppb gold power auger anomaly extending over at least 100m of strike.
Immediately south-west of Bongou, where a possible new concealed mineralised lens has been postulated in an ‘en echelon’ arrangement.
“Predictive is entirely focused on identifying and defining high quality resource ounces which can add to our high-grade Bongou gold discovery.” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.
“To this end, we have been working systematically and diligently throughout the current field season to prioritise the most prospective drill locations out of the nearly 100 structural targets that we identified near Bongou in late 2014.”
RC Drilling commences
Gascoyne Recourses (ASX: GCY) has commenced an RC drilling program at the company’s Dalgaranga and Egerton gold projects in Western Australia.
The program is the first portion of the company’s 2015 drill program to test a number of high-grade gold targets within the company’s gold projects.
The drilling will target shallow extensions to the Golden Wings deposit at Dalgaranga, where drilling in 2014 identified high-grade gold zones.
A Scoping Study on development options for Dalgaranga is nearing completion, and a revised Mineral Resource for Golden Wings will be estimated on completion of the current drilling.
Once completed, the RC drill rig will be mobilised to the Gaffney’s Find prospect at the Egerton project, to follow-up on shallow high gold grades intersected in late 2014.
The first program is expected to take approximately two weeks to complete, with assays expected to be received in approximately 4 to
5 weeks.