Posts

THE DAILY ROADHOUSE

 

Northern Minerals Samples Encouraging Copper Results at John Galt

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.

Musgrave Minerals Continues to Line Up Gold Hits at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Galan Lithium Confirms Pata Pila Lithium Grades

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announce further lithium assay results from recent sampling performed at the Pata Pila tenement within the company’s Hombre Muerto lithium brine project in Argentina.

 

Musgrave Minerals Continues to Line Up Gold Hits at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals encountered the latest hits at the Lena deposit and from individual one metre resamples from drilling at Break of Day and Mainland.

Results from the RC drilling at Lena have continued to define the high-grade gold shoots, including:

19MORC039
5 metres at 12.1 grams per tonne gold from 82m, including 2m at 28.3g/t gold from 82m, within a broader interval of 46m at 1.5g/t gold from 82m to EOH;

19MORC041
9m at 6.4g/t gold from 116m down hole, including 2m at 22.3g/t gold from 121m; and

19MORC042
3m at 5.4g/t gold from 113m down hole.

The Lena mineralisation remains open down plunge with a resource update scheduled for Q1, 2020.

The one-metre resampling returned:

Mainland-Consols

19MORC018
3m at 38.2g/t gold from 113m down hole, including, 1m at 102.5g/t gold from 114m.

Break of Day

19MORC031
3m at 7.2g/t gold from 128m down hole.

“These are further strong results at Lena, Break of Day and Mainland and continue to highlight the resource growth potential of all three prospects,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“With drilling already commenced for the 2020 year we are looking forward to more exciting results as the programs progress.

“The strong results from drilling at Lena to date confirm the geological interpretation which is showing good continuity of the high-grade shoots at depth and will further enhance the resource update expected later in Q1 2020.”

Lena, Break of Day and Mainland are not part of the Evolution Joint Venture.

Diamond drilling on the Evolution JV at Lake Austin North is progressing, having recommenced following the Christmas break and will continue through to late January.

Assay results are expected in March 2020.

On the broader JV area over Lake Austin at Cue, Evolution and Musgrave are planning a large aircore drilling program to further define gold targets for basement drill testing.

This drilling is scheduled to commence in early February 2020.

Follow-up drilling of a possible ‘link-lode’ at Break of Day is scheduled to commence in late January 2020 and if successful, will enable a possible resource update in Q2 2020.

Further follow-up RC drilling at Mainland on the Consols target is scheduled to commence in February 2020.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

THE DAILY ROADHOUSE

 

Musgrave Minerals Intersects High-Grade Link Lode at Break of Day

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the intersection of high-grade gold in a ‘link’ position joining the two main gold lodes at the Break of Day deposit on the company’s Cue gold project in Western Australia.

Carawine Resources Identifies New Victorian Porphyry Copper-Gold Targets

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced geophysical results from a detailed helicopter-borne magnetic and radiometric (heli-mag) geophysical survey completed at the company’s 100 per cent-owned Jamieson project in northeast Victoria, host to the Hill 800 and Rhyolite Creek prospects.

Alicanto Minerals Completes Geophyisal IP Survey at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) completed its maiden IP survey at the company’s Wolf Mountain copper-gold target area within the Bergslagen district of Southern Sweden.

Ausgold Raising up to $3.6 Million for Katanning Gold Project

THE BOURSE WHISPERER: Ausgold Limited (ASX: AUC) informed the market it has received binding commitments from institutional and sophisticated investors for a share placement to raise $2.376 million.

 

Musgrave Minerals Intersects High-Grade Link Lode at Break of Day

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the intersection of high-grade gold in a ‘link’ position joining the two main gold lodes at the Break of Day deposit on the company’s Cue gold project in Western Australia.

Musgrave Minerals recently completed a six-hole RC drill program at Break of Day that extended the high-grade gold mineralisation to the south as well as identifying a new high-grade ‘link-lode’ structure between the two main Twilight and Velvet gold lodes.

The company explained the identification of a high-grade ‘link-lode’ structure at Break of Day could hold some significance.

Linking structures are present in many Yilgarn gold deposits and have the potential to add lots of ounces and improve the economics of the deposits by increasing ounces per vertical metre within sections of the deposit.

Drill hole 19MORC037 was drilled to confirm a high-grade thicker section of the Break of Day system and test a new structural interpretation.

The hole identified a quartz dominant linking structure and gold lode assaying:

45 metres at 11.8 grams per tonne gold from 144m down hole, including 5m at 29.2g/t gold from 150m; and
23m at 16.2g/t gold from 166m.

Musgrave said it has yet to confirm the strike and plunge of the mineralisation in 19MORC037, which has made it difficult for the company to estimate the true width of the intersection at this time.

“Drill hole 19MORC037 (45m at 11.8g/t gold) was drilled to test a new hypothesis and structural interpretation and is a fantastic high-grade result for Break of Day on intersecting a potential new link-lode,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This result opens numerous possibilities and opportunities to discover additional lodes and grow the Break of Day resource.

“Break of Day continues to deliver consistent high-grades and a few nice surprises.”

Drill hole 19MORC031 was drilled 35m south of previous drill hole 19MORC015 (2m at 9g/t gold) and returned a high-grade result of:

6m at 5.6g/t gold from 126m down hole in 6m composite samples.

Hole 19MORC033 intersected:

2m at 3.3g/t gold.

This was encountered 50m down dip of 19MORC015 and Musgrave has interpreted this to indicate the mineralisation continues at depth and is plunging to the south.

Musgrave is already planning additional follow-up drilling that will be scheduled for Q1 2020, which the company expects to lead to a resource update in Q2 2020.

The Break of Day area is excluded from the Earn-in and Exploration Joint Venture Musgrave has with Evolution Mining (ASX: EVN).

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

THE DAILY ROADHOUSE

 

Stavely Minerals Expands Thursday’s Gossan Mineralisation

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) received assay results for further diamond drill holes undertaken at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Musgrave Minerals Intersects High-Grades at Mainland

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at Mainland on the company’s Cue gold project in Western Australia, where it has an option agreement to acquire 100 per cent of the basement gold rights.

Corazon Mining Adds Further Nickel to Lynn Lake Resource

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced an upgraded Mineral Resource Estimate for the comapy’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.

Matador Mining Progresses Cape Ray Environmental Assessment

THE BOURSE WHISPERER: Matador Mining (ASX: MZZ) updated the market on progress of the Environmental Assessment (EA) process for the company’s Cape Ray gold project in Newfoundland, Canada.

 

Musgrave Minerals Intersects High-Grades at Mainland

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at Mainland on the company’s Cue gold project in Western Australia, where it has an option agreement to acquire 100 per cent of the basement gold rights.

Musgrave Minerals recently completed RC drilling that intersected high-grade gold at the Consols prospect at Mainland including:

19MORC018
12 metres at 8.1 grams per tonne gold from 108m down hole, including 6m at 14.2g/t gold from 114m;

19MORC019
2m at 55.4g/t gold from 52m down hole, including 1m at 108.3g/t gold from 52m; and

19MORC020
3m at 5.2g/t gold from 73m down hole.

The results have extended gold mineralisation at the Consols prospect along strike and down dip from the company’s initial drill program that intersected:

19MORC008
3m at 5.4g/t gold from 74m.

Consols remains open and untested along strike and at depth.

“This is a great early result at Mainland and supports the company’s view that there are significant gold discoveries still to be made in the Murchison,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“These early results are not dissimilar to the early results at Break of Day with the gold mineralisation remaining open to the west and down dip.

“Mainland has a long history of alluvial gold production and to discover a basement source for some of this historical production is a significant step forward.”

Musgrave Minerals indicated it was expecting further assay results for extensional drilling at Break of Day and Lena in mid-December following completion of the recent RC drilling program.

Meanwhile diamond drilling is underway at Lake Austin North as part of the Evolution (ASX: EVN) Joint Venture.

The Mainland area is excluded from the Earn-in and Exploration Joint Venture with Evolution Mining.

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

THE DAILY ROADHOUSE

 

Musgrave Minerals Recommenced Mainland Drilling After Hitting More High-Grade Lena Gold

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has recommenced drilling at the Mainland area, part of the company’s 100 per cent-owned tenure at the Cue gold project in the Murchison district of Western Australia.

Graphex Mining Provides Valuable Insights into Graphite

THE BOURSE WHISPERER: Graphex Mining (ASX: GPX) released an announcement to the ASX relating to the company’s ‘markets first’ strategy as it develops its Chilalo graphite project in south-east Tanzania.

Altech Chemicals Progressing HPA Plant Construction in Malaysia

THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) kept the market abreast of progress of construction at the company’s high purity alumina (HPA) plant site in Johor, Malaysia.

Mincor Resources Eyes Cassini Ore Reserve after Encouraging Nickel Hit

THE DRILL SERGEANT: Mincor Resources (ASX: MCR) has commenced an updated Mineral Resource for the company’s Cassini nickel sulphide deposit after recent diamond drilling yielded a further thick zone of high-grade nickel sulphide mineralisation.

Hillgrove Resources Announces Kavanagh Underground Minerals Resource Estimate

THE DRILL SERGEANT: Hillgrove Resources (ASX: HGO) completed a JORC Code 2012-copliant Mineral Resource Estimate for the Central and East Kavanagh underground area at the company’s Kanmantoo copper mine in South Australia.

 

Musgrave Minerals Recommenced Mainland Drilling After Hitting More High-Grade Lena Gold

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has recommenced drilling at the Mainland area, part of the company’s 100 per cent-owned tenure at the Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals reported the drilling at Mainland had recommenced to follow-up high-grade gold drill results that were achieved in August and surface high-grade rock-chip sampling in October.

The company executed an Option Agreement to acquire the Mainland tenements near Cue in March, after which it quickly completed an initial Reverse Circulation (RC) drilling program at the Mainland-Consols target that intersected:

3m @ 5.4g/t Au from 74m down hole (19MORC008)

The Mainland-Consols target is open to the south and down dip and follow-up drilling that has commenced is aimed at further testing this area along with other high-priority targets including the area where a high-grade (3,499.4g/t gold) rock-chip sample was identified.

Musgrave indicated that there has been no historical drilling carried out in the area of this high-grade rock-chip sample.

“We are excited to recommence drilling at Mainland in areas where we have previously identified high-grade gold,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“There is significant untested gold potential within the Mainland tenements and we are only just getting started in terms of applying modern exploration techniques in the area.”

The current program will consist of up to 18 RC drill holes for approximately 1,000m before the rig moves to Break of Day and Lena.

Musgrave also received further high-grade gold assay results from diamond drilling at the Lena deposit that returned high-grade gold over potentially mineable widths below the current JORC resource boundary and confirm the continuity of the mineralisation at depth.

Lena has an existing JORC 2012 resource of 2,682,000 tonnes at 1.77 grams per tonne gold for 153,000 ounces of gold.

Two of the three recent diamond drill holes completed at Lena (19MODD020 and 19MODD021) intersected high-grade gold lodes over potentially minable widths.

Results include:

19MODD021
6 metres at 4.4 grams per tonne gold from 191m down hole, including 2.2m at 10.6g/t gold from 194.8m

This intersection was encountered approximately 30m vertically beneath the existing resource boundary on the eastern high-grade lode; and

19MODD020
2.8m at 4.8g/t gold from 384m down hole, 140m below the existing resource on the western lode.

The mineralisation is open down plunge on all lodes.

Musgrave explained that hole 16MODD019 that was drilled at the southern end of the high-grade plunging main shoot at Lena, lifted above the intended target position and intersected the lode above and outside the south plunging high-grade shoot at this location without intersecting any mineralisation of note.

That being said, the company acknowledged the new drilling had supported its re-interpretation of historical drill data that identified a southerly plunge on the high-grade gold lodes that remain open at depth below the current JORC resource boundary.

Musgrave has been encouraged by the drilling program, saying it has improved its geological confidence in the continuity of the mineralisation beneath the current resource.

The results will be incorporated into the geological model to facilitate a re-estimation of the Lena gold resource.

Further RC drilling is scheduled to commence at Lena in early November to support an updated JORC compliant resource estimate in early Q1 2020.

“At Lena we continue to define high-grade extensions to the gold mineralisation below the existing JORC resource boundary,” Waugh continued.

“The drilling has improved our confidence in the continuity of the high-grade mineralisation at depth and will likely add high-grade ounces as we continue to drill to upgrade the existing resource at Lena.”

The Mainland area and Lena deposit are 100 per cent-owned by Musgrave and are excluded from the Earn-in and Exploration Joint Venture with Evolution Mining (ASX: EVN).

On the new JV area over Lake Austin at Cue, Musgrave and Evolution are planning follow-up drilling programs at Lake Austin North and other lake targets where there is evidence of a potential large gold system.

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

THE DAILY ROADHOUSE

 

 

Calidus Resources Confirms Robustness of Warrawoona Pit

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) announced further results from within the planned open pit at the company’s Warrawoona gold project in the Pilbara region of Western Australia.

Gold Road Resources Completes Healthy Gruyere Quarter

THE BOURSE WHISPERER: Gold Road Resources (ASX: GOR) released its activity report for the quarter ending 30 September 2019.

Perseus Mining Shuffles Seats at Boardroom Table

THE DRILL SERGEANT: Perseus Mining (ASX: PRU) made its intentions known that it will be proposing the appointment of David Ransom to the role of non-executive director at the company’s upcoming Annual General Meeting.

 

THE DAILY ROADHOUSE

TODAY’S NEWS HOT OFF THE ROADHOUSE 

 

Galan Lithium Confirms High Grades in Argentina

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market on progress of its current drilling program underway at the company’s Western Basin projects, located on the Hombre Muerto salar in Argentina.

 

St George Mining Confirms Nickel-Copper Sulphide Discovery

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced that laboratory assays have confirmed a healthy intersection of high-grade nickel-copper sulphides at the Radar prospect – the latest discovery at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

 

Musgrave Minerals Drills and Rock Chips High-Grade Gold at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on recent activity undertaken at the company’s Cue gold project in the Murchison district of Western Australia.