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Encounter Resources to Commence Diamond Drilling at Lamil & East Thomson’s Dome

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) is poised to kick off diamond drilling at the company’s 100 per cent-owned Lamil and East Thomson’s Dome copper-gold projects in the Paterson Province of Western Australia.

Encounter Resources informed the market the EIS co-funded diamond drill program will extend several RC holes at the Dune Prospect at Lamil which contain strengthening copper-gold mineralisation.

The drilling at East Thomson’s Dome, located five kilometres from the Telfer copper-gold mine owned by Newcrest Mining, is designed to extend high-grade gold zones intersected at the 45 Reef by prior RC drilling.

“Assays from the broad spaced RC drill program in February 2021 indicate that we are approaching the core of the copper-gold system at Dune,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“Diamond tails will extend a number of RC holes at Dune commencing in June 2021.

“With copper-gold mineralisation strengthening towards the end of a number of RC holes we are eager to test in the downhole extents.

“The program will also seek to extend the high grade 45 Reef identified at East Thomson’s Dome located just five kilometres from Telfer.”

 

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

 

Encounter Resources Returns to 100% Ownership at Aileron

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) has regained 100 per cent control of the Aileron IOCG-style copper-gold-rare earths project d in the West Arunta region of Western Australia.

Encounter Resources reported Newcrest Mining advised of its decision to withdraw from the Aileron joint venture and will hold no residual interest.

Newcrest completed one, 158m deep diamond drill hole (EAL001) into this unexplored belt that intersected hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical signature under shallow cover (10m).

Assays include zones of anomalism in copper (up to 0.1% copper), gold (up to 48ppb gold) and molybdenum (up to 155ppm molybdenum).

Furthermore, highly elevated rare earth elements consistent with the targeted IOCG deposit model were identified including lanthanum up to 0.2 per cent and cerium up to 0.3 per cent.

“The first drill hole into a remote and unexplored 70 kilometres long belt, intersected zones of intense hydrothermal hematite alteration with a distinctive IOCG signature in a suite of elements including copper, gold, molybdenum and highly elevated rare earth elements,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“This hole has demonstrated the potential for near surface IOCG deposits in the West Arunta region under shallow cover.

“We are pleased to be back in control of Aileron and will immediately commence discussions with potential partners focused on the discovery of IOCG style copper-gold deposits, with enriched rare earth elements, in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Partial Assays Pay Off at Aileron

THE DRILL SERAGENT: Encounter Resources declared IOCG style metal anomalism had been intersected at the Aileron copper-gold project, which is part of a Joint Venture with Newcrest Mining (ASX: NCM), located in the West Arunta region of WA.

Encounter Resources explained the results came from a partially completed drill hole (EAL001) at the Aileron copper-gold project that had been stalled late 2020 due to mechanical issues with the drill rig.

At the time the decision was made to demobilise the rig and assay the completed section of the drill hole to 158 metres.

The hole is the first to be drilled into an unexplored belt that contains hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical signature under shallow cover (10m).

Assays of the partial core include zones of anomalism in copper (up to 0.1%), gold (up to 48ppb) and molybdenum (up to 155ppm).

As an added bonus, highly elevated rare earth elements consistent with the targeted IOCG deposit model were identified including lanthanum up to 0.2 per cent and cerium up to 0.3 per cent.

“The partially completed hole, the first drill hole drilled into a remote and unexplored 70 kilometres long belt, has intersected zones of intense hydrothermal hematite alteration of the mafic intrusive and granite adjacent to the targeted magnetic anomaly,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“We are pleased to report that the hematite altered zones in the hole have a distinctive IOCG signature in a suite of elements including copper, gold, molybdenum and highly elevated rare earth elements.

“Of particular interest is the strong enrichment of the same two rare earth elements, lanthanum and cerium, that are similarly elevated in the Olympic Dam deposit.

“This is a great start for us at Aileron.

“We have identified the key ingredients of an IOCG deposit model at an easily explorable depth in a highly prospective and unexplored copper-gold province.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Resumes Drilling at Lamil Copper-Gold Project

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has recommenced drilling at the company’s 100 per cent-owned Lamil copper-gold project in the Paterson Province of Western Australia.

Lamil covers an area of around 61 square kilometres and is located 25km northwest of the major copper-gold mine at Telfer, owned by Newcrest Mining.

The current drilling is focused on the Dune Prospect that sits in the northwest of Lamil and consists of a gold supergene zone the company outlined in previous broad spaced drilling.

“Drilling in November 2020 expanded the near surface copper-gold mineralisation at Dune to over 800 metres in strike,” Encounter Resources managing director Will Robinson said in the company’s ASX announcement.

“In the south of Dune, we intersected stacked layers of primary mineralisation with strengthening copper and a multi-element proximal signature.

“This RC program will focus on the southern area of Dune where the mineralisation remains open and strengthening.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Drilling at Aileron in Joint Venture with Newcrest

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced drilling at the company’s Aileron gold-copper project Joint Venture with Newcrest Mining (ASX: NCM), located in the West Arunta region of Western Australia.

The Aileron JV has had no previous mineral exploration carried out on the project, although gold/copper anomalism has been identified within the region.

The initial anomaly to be drilled tested has been modelled utilising close spaced aeromagnetic data, as a steeply dipping 500m by 200m magnetic body starting from around 50m below surface.

“Aileron is a large scale gold-copper opportunity in a new region,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The target is interpreted to be a discrete, pipe-like, magnetic body located on a major regional structure.

“The magnetic anomaly is modelled to be under shallow cover and in an area of no previous mineral exploration.

“Success in this initial program would focus attention on the underexplored West Arunta.

“The Joint Venture controls a dominant land position in the district with tenure covering over 70 strike kilometres of the belt.”

The Aileron drilling is co-funded through a WA Government drilling grant of up to $150,000 under the Exploration Incentive Scheme.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

 

Encounter Resources Teams Up with BHP for Northern Territory Copper Hunt

THE BOURSE WHISPERER: Encounter Resources (ASX: ENR) has entered into an Option Agreement with BHP covering the 4,500 square kilometres Elliott copper project in the Northern Territory.

Following the completion of a validation program, BHP will have the right, but not the obligation, to enter an earn-in and Joint Venture agreement in relation to Elliott where the key terms would be:

Staged earn-in where BHP has the right to earn up to 75 per cent interest in Elliott by sole funding up to $22 million of exploration expenditure within 10 years;

Upon BHP completing the earn-in, a 75:25 joint venture will be formed and the parties must contribute funds based on their percentage interest to maintain their respective interests or dilute according to a standard dilution formula. Should a party’s interest dilute to below 10 per cent it shall automatically convert to a net smelter royalty.

During the earn-in phase, BHP has the right to be the manager of the project.

Elliott was the first project secured by Encounter in the NT and comprises seven tenements covering more than 4,500sqkm.

Four of the tenements, covering over 3,000sqkm, were granted in March 2020.

Elliott is located at a major structural intersection on the southwestern margin of the Beetaloo Basin targeting sedimentary hosted copper.

The Beetaloo Basin is part of the Greater McArthur Superbasin that hosts the giant sediment-hosted base metal deposit at McArthur River.

The basin contains thick, petroleum bearing, reduced sediments which are an ideal trap sequence and structural setting for major sediment hosted base metal deposits.

“New data has shone a light on the potential for copper to be found under shallow cover in the Northern Territory,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“Encounter moved early and aggressively to secure first mover opportunities in this new frontier.

“We are delighted to be teaming up with BHP in the search for Tier 1 copper deposits at Elliott.

“We look forward to working alongside the highly respected BHP exploration team to validate this compelling opportunity.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Set to Test Drill Ready Gold Targets at Lamil

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has earmarked a trio of new targets it intends testing by way of an upcoming RC drill program at the company’s 100 per cent-owned Lamil copper-gold project in the Paterson Province of Western Australia.

Encounter Resources explained the targets had been identified by specialist inversion modelling of magnetic, EM and IP geophysical survey results.

The Elsa prospect is an IP chargeability anomaly the company identified earlier this year from results achieved in two diamond drill holes (ETG0203 and ETG0204) that intersected wide zones of brecciated, fractured and veined intercalated metasediments with associated intense alteration that are interpreted to have defined a major structural fluid pathway.

The Gap prospect is an open broad zone of gold-copper mineralisation, a section of which was subjected to four 80m spaced RC/diamond drill holes.

Three holes completed on the south-western end of the section encountered thick zones of near surface supergene gold mineralisation.

Earlier diamond drilling in the Dune prospect (drill hole ETG0003), intersected strong supergene gold mineralisation located on the fold axis in the northern part of the Lamil dome.

“High-grade gold has been intersected in broad spaced drilling over five kilometres of the Lamil dome,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“Innovative new geophysical 3D inversion modelling of the IP, magnetics and airborne EM data has provided a potential step change in the structural understanding at Lamil and has highlighted an untested Havieron-style target adjacent to the extensive breccia zone drilled in March 2020.

“In addition, laterally extensive zones of supergene gold mineralisation will be drill tested at the Gap and Dune prospects.

“Drilling is scheduled to commence in September 2020.”

 

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Pegs New NT Tenements

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has pegged six new project areas covering 14,800 square kilometres in the Northern Territory.

Encounter Resources said it had pegged the ground based on potential to contain large, sedimentary-hosted and IOCG style copper deposits.

The areas lie in a highly prospective but vastly underexplored region under shallow cover located between the major copper-gold producing districts of Mt Isa and Tennant Creek and came to the company’s attention via new datasets provided by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program.

The application for new exploration licences comprise the Elliott and Jessica copper projects in the Northern Territory.

Elliott was the first project secured by Encounter in the Northern Territory.

The project comprises seven tenements covering more than 4,500sqkm, four of which covering over 3,000sqkm were granted in March 2020.

The Elliott project is located on the Stuart Highway which runs along the western margin of the project.

The second project – Jessica, covers approximately 5,500sqkm along key structural corridors east of Tennant Creek and is prospective for sedimentary-hosted copper and IOCG style deposits.

Access to the project is via the sealed Tablelands Highway that traverses the western side of Jessica.

“Copper sourced from sedimentary-hosted deposits is one of the largest sources of copper metal in the world today,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“The potential for sedimentary-hosted copper deposits to be found under thin cover in the Northern Territory is being opened up through the interrogation of new government datasets.

“Encounter moved early and aggressively to secure a series of camp scale, first mover opportunities in this new frontier.

“Early exploration has yielded exciting results which we will now seek to build on.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: contact@enrl.com.au

 

Web: www.enrl.com.au

 

Encounter Resources Kicks off Drilling at Lamil Copper-Gold Project

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced diamond drilling at the company’s 100 per cent-owned Lamil copper-gold project in the Paterson Province of Western Australia.

Encounter Resources completed aeromagnetic and Induced Polarisation (IP) surveys at Lamil in the second half of 2019 that enhanced the company’s geological and structural interpretation of the project area as well as providing compelling new drill targets.

The company also carried out a review of prior gold drilling geochemistry, from which it identified a new drill target – the Gap prospect – with a clear copper-gold-bismuth proximal signature and vector to potentially stronger mineralisation.

The program of up to four diamond drill holes will test multiple IP chargeability anomalies identified in the 2019 survey adjacent to broad zones of copper-gold mineralisation intersected in shallow historical drilling, and the open, broad zone of gold-copper mineralisation at the Gap prospect.

The Lamil project is located near the major gold-copper mine at Telfer, owned by Newcrest.

Shallow drilling 1980s by earlier owner Newmont, targeted a series of magnetic anomalies, and intersected thick zones of strong copper-gold anomalism.

Encounter believes these results have gained some significance thanks to the recent Winu copper-gold discovery made by Rio Tinto and the Havieron gold-copper project operated by Newcrest and Greatland Gold.

Encounter relogged drill core from five holes drilled at Lamil by Newmont that demonstrated zones of pervasive alteration, extensive pyrrhotite development and copper-bearing sulphide from within 50m of surface.

“Recent exploration success has proven the potential of the Paterson Province to host giant copper-gold deposits,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.

“Lamil has structural context, a proven deposit model and clear targets where shallow historical drilling intersected broad zones of copper-gold anomalism strengthening to bottom of hole.

“This initial program will test three large scale copper-gold prospects in the fertile Paterson Province.”

 

Email: contact@enrl.com.au

Web: www.enrl.com.au

 

THE DAILY ROADHOUSE

 

Encounter Resources Intersects Tanami Bedrock Gold

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) reported on recent drilling activities undertaken at the Afghan and Mojave prospects in the Tanami region of Western Australia with Joint Venture partner Newcrest Mining.

Red 5 Continues Growth at King Of The Hill

THE DRILL SERGEANT: Red 5 Limited declared its decision in the December 2019 Quarter to boost underground drilling capacity at the company’s King of The Hill (KOTH) project in Western Australia with three diamond rigs, has paid off.

Peel Mining Drills New Southern Nights Gold Zone

THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported the discovery of strong gold mineralisation associated with a new high-grade zone at the southern end of the Southern Nights deposit from the recent resource upgrade drilling program at the company’s 100 per cent-owned Wagga Tank-Southern Nights project, located south of Cobar in western New South Wales.

Neometals Produces High Purity Dioxide Hydrolsate

THE BOURSE WHISPERER: Neometals (ASX: NMT) has successfully produced high purity (>98%) titanium hydrolysate (hydrated titanium dioxide ‐ TiO2.2H2O) from the titanium recovery stage of the Australian pilot plant trial at the company’s Barrambie titanium and vanadium project in Western Australia.

Magnetic Resources Encounters Encouraging Gold Results at Lady Julie

THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) has completed an initial RC drilling program at the Lady Julie project, not far from the company’s Hawks Nest 9 project, located near Laverton in Western Australia.