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THE DAILY ROADHOUSE

 

Matador Mining Increases Cape Ray Gold Resource

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) increased the Mineral Resource at the company’s Cape Ray gold project in Newfoundland, Canada.

Pioneer Resources Intersects High-Grade Lithium at Pioneer Dome

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) reported further results from a second drill program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

 

Pioneer Resources Intersects High-Grade Lithium at Pioneer Dome

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) reported further results from a second drill program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Pioneer Resources focus for this round of drilling was the Dome North group of lithium prospects, where it previously discovered a suite of spodumene-bearing pegmatites.

Drilling consisted of a combination of resource drilling at the Cade Deposit and exploration drilling at five additional targets.

Of the five targets drill tested, two new mineralised pegmatites were intersected at the Davy and Cade South prospects.

Drilling at the Cade deposit encountered infill intersections within the Inferred Resource of 8.2 million tonnes at 1.23 per cent lithium oxide (Li2O), including:

PDRCD292
31.6 metres at 1.31 per cent Li2O from 72m;

PDRCD294
27.4m at 1.38 per cent Li2O from 131m;

PDRCD295
27.2m at 1.46 per cent Li2O from 209m, including 11m at 1.79 per cent Li2O;

PDRCD318
22.2m at 1.72 per cent Li2O from 128m;

PDRCD319
22.3m at 1.49 per cent Li2O from 199m.

At the Davy prospect a new zone of mineralisation was located approximately 1.4 kilometres west of the Cade deposit with results of:

PDRC325
9m at 1.31 per cent Li2O from 56m;

PDRC326
8m at 1.27 per cent Li2O from 26m;

PDRC324
22m at 1.44 per cent Li2O from 153m, including 10m at 1.75 per cent Li2O.

Pioneer believes the results highlight the potential to increase Mineral Resources in the Dome North Area, which are currently based only on the Cade deposit.

“In just two drilling programs we have demonstrated that the Dome North Area is highly prospective for spodumene mineralisation with excellent lithium grades and widths,” Pioneer Resources CEO Tim Spencer said in the company’s announcement to the Australian Securities Exchange.

“This represents a fantastic return for what was a modest but targeted drilling program undertaken prior to Christmas and there are clear opportunities to make further discoveries and increase Mineral Resources.

“We have appointed Primero to undertake first-pass metallurgical test work that will help us understand our options as we advance the project.

“The outcomes of that work along with further target identification will assist us in planning our next phase of drilling with a view to rapidly advancing what appears to be a substantial emerging lithium asset in a prime location in WA’s Eastern Goldfields.”

 

Email: pioneer@PIOresources.com.au

Web: www.pioresources.com.au

 

THE DAILY ROADHOUSE

 

Pioneer Resources Estimates Initial Inferred Mineral Resource for Cade Spodumene Deposit

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) declared it has completed sufficient exploration to estimate an initial Inferred Mineral Resource for the Cade spodumene deposit within the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Calidus Resources Drilling Underpins Open Pit Resource Upgrade

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the final batch of RC drilling results from inside the planned Klondyke pit at the company’s 1.25 million-ounce Warrawoona gold project in Western Australia.

Pantoro Confirms High-Grade Mineralisation at Gladstone-Everlasting

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) released initial drilling results from the Gladstone-Everlasting deposit (Gladstone) at the company’s 50 per cent-owned Norseman gold project in Western Australia.

Cassini Resources and OZ Minerals Expand WMP Tenure

THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) announced an extension to exploration tenure at the West Musgrave Project (WMP), a Joint Venture with OZ Minerals Limited (ASX: OZL) in Western Australia.

Carawine Resources Drilling at Victorian Gold-Copper Project Deposit

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has commenced diamond drilling at the company’s 100 per cent-owned Jamieson project in northeast Victoria that hosts the Hill 800 and Rhyolite Creek prospects.

Ardea Resources Set to Drill at Mulga Plum Gold Deposit

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported that rock chip sampling of old workings spoil and sporadic outcrop at the company’s Mulga Plum gold prospect in Western Australia has confirmed gold mineralisation over an area of at least 200 square metres.

 

Pioneer Resources Estimates Initial Inferred Mineral Resource for Cade Spodumene Deposit

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) declared it has completed sufficient exploration to estimate an initial Inferred Mineral Resource for the Cade spodumene deposit within the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Pioneer Resources said it has also carried out enough work to estimate an Exploration Target for the project’s greater Dome North Area.

The company explained the estimation of a maiden 2012 JORC-compliant Mineral Resource for the project utilised all the recent drilling the company has completed and was carried out by an independent resource consultancy, resulting in an Inferred Mineral Resource of:

8.2 million tonnes at 1.23 per cent lithium oxide (Li2O) for 102,000 tonnes of contained Li2O.

The Resource contains a low tantalum grade at 50ppm in the samples assayed to date, however, the company is confident metallurgical testwork will ultimately determine any potential economic value to be gleaned from the tantalum as a possible by-product.

“The first Mineral Resource statement for the Cade deposit, discovered as an outcrop just a few months ago in June, is a significant step-forward,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This Resource Statement relates to only one of four mineralised pegmatites identified at the Dome North Area to date, and we look forward to presenting updates to the Mineral Resource base as our exploration and definition drilling continues.”

Pioneer has not commenced metallurgical test work yet, however six diamond core holes have recently been drilled into the Cade Deposit specifically to provide samples for this work.

The Cade Deposit is one of four spodumene-bearing pegmatites discovered by Pioneer’s geological team in the Pioneer Dome North Area.

Other occurrences include:

The Heller prospect (previously Spodumene Target 1) where down-hole pegmatite intersections of between 8m and 15m have been intersected over a strike length of 460m by 10 holes to date. Spodumene has been observed in all holes by Pioneer’s geologists, where fresh pegmatite has been intersected. The mineralisation remains ‘down plunge’;

Spodumene Target 3, which has been tested by two holes to date that intersected a pegmatite 26m to 28m thick. Pioneer’s geologists have visually identified spodumene crystals in pegmatite in this drill hole; and

A new 20m thick pegmatite target located 400m south of the Cade deposit, tested to date by three holes.

The company has also identified several other geochemical targets.

The company has a conceptual Exploration Target for the Dome North Area of between 17 to 27 million tonnes of spodumene-bearing pegmatite at a grade between 1 and 1.4 per cent Li2O, in addition to the Cade deposit.

 

Web: www.pioresources.com.au

Pioneer Resources Resumes Drilling at Dome North Lithium Group Targets

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has resumed drilling at the company’s Dome North lithium group located betwixt Kalgoorlie and the Port of Esperance in Western Australia.

Pioneer Resources is drilling at the project on a group of prospects where a suite of spodumene-pegmatites was recently discovered.

The latest drilling follows on from the company’s announcement in October of high-grade lithium drilling results from the Cade deposit.

Pioneer’s geology team has recently claimed discovery of three separate pegmatites containing the premium lithium mineral spodumene at the Northern Pioneer Dome.

First pass of drilling returned very encouraging lithium results beneath two of the pegmatites, and more recent work has highlighted four other targets for drilling.

This second drilling program will be completed in three parts:

Extensional drilling at the Cade deposit (to the North East and South) and at Spodumene Target 1;

First Pass drilling at Spodumene Target 3 where pegmatite outcrops, as well as other geochemical and geophysical targets; and

Diamond core drilling into the Cade spodumene deposit to provide samples for metallurgical testing.

In all, six targets will be tested during this campaign, with drilling expected to be completed before the end of the year with assay results expected to be available during January 2020.

“The first round of drilling, which identified the significant Cade spodumene deposit and other mineralised pegmatites, was an unqualified success,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The current drilling campaign will extend on this success, testing a range of targets generated through mapping, soil geochemistry and ground geophysics, and is designed to enable the company to get a sense of the potential scale of the project.”

Having completed its first mining operation at the Sinclair caesium mine, and now being well-funded through the sale of pollucite, Pioneer is returning to being an active explorer with its stated focus being key global demand-driven commodities to provide its next mining opportunity.

Sale of the final shipment of crushed high-grade pollucite is scheduled for the end of November.

Total sales for the period from 1 July 2019 to 31 December 2019 are expected to total approximately US$4.8 million (approx. $7 million).

From a cash perspective, Pioneer held $5.7 million in cash at the end of October and a further $1 million is expected to be received from the remaining sales of high-grade pollucite.

 

Web: www.pioreources.com.au

Pioneer Resources Encouraged by Cade Drilling Results

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

The Resources Roadhouse managed a quick chat with Pioneer Resources managing director David Crook at the 2019 Brisbane Resources Round-up.

Pioneer Resources carried out the drilling that tested two of four lithium-caesium-tantalum (LCT) pegmatite targets, resulting in the discovery of the Cade spodumene deposit.

The drilling also encountered intersections of mineralisation at Spodumene Target 1.

Assays have been received for holes PDRC278 through PDRC288, and include:

From the Cade deposit, intersections of low iron spodumene:

PDRC278
15 metres at 1.48 per cent lithium oxide (Li2O);

PDRC287
13m at 1 per cent Li2O; and

PDRC288
15m at 1.13 per cent Li2O.

From the CNE target, which was an unrecognised pegmatite located immediately northeast of the Cade deposit:

PDRC282
4m at 1.22 per cent Li2O.

From Spodumene Target 1, which outcrops approximately 2km west of the Cade Deposit:

PDRC291
10m at 1 per cent Li2O.

Pioneer noted that all mineralised pegmatites remain open and that drilling is expected to resume in November to further determine their dimensions.

The company highlighted that the four targets it has identified to date have same apparent orientation and dip, suggestive of regional pegmatite stacking.

“The Cade deposit is a significant low-iron spodumene discovery confirmed by our first pass of drilling,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This is testament to the way Pioneer approaches exploration and provides us with an outstanding starting base from which we hope to build a substantial lithium project.”

The drilling scheduled to resume in November will initially target mineralisation at Spodumene Target 1 and the CNE pegmatite, as well as other substantiated geochemical and geophysical targets, including anomalies identified by deep ground penetrating radar (DGPR) survey that is currently in progress.

In addition, six diamond core holes will be drilled into the Cade spodumene deposit to test the proposed plunge of the mineralisation and to produce samples for metallurgical testing.

 

Email: info@pioresources.com.au

Web: www.pioresources.com.au

 

THE DAILY ROADHOUSE

TODAY’S NEWS FROM THE RESOURCES ROADHOUSE

Pioneer Resources Receives Cade Spodumene Drilling Results

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Ardiden Inks Canadian Lithium MoU

THE BOURSE WHISPERER: Ardiden Limited (ASX: ADV) has signed a non-binding Memorandum of Understanding (MoU) with its Canadian neighbour, lithium developer, Rock Tech Lithium Inc (TSX-V: RCK).

Sayona Mining Assembles Crack Team for Operation NAL

THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) is getting serious about its bid for the North American Lithium Inc (NAL) operation, located in Québec, Canada.

 

Pioneer Resources Receives Cade Spodumene Drilling Results

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

The Resources Roadhouse managed a quick chat with Pioneer Resources managing director David Crook at the 2019 Brisbane Resources Round-up.

Pioneer Resources carried out the drilling that tested two of four lithium-caesium-tantalum (LCT) pegmatite targets, resulting in the discovery of the Cade spodumene deposit.

The drilling also encountered intersections of mineralisation at Spodumene Target 1.

Assays have been received for holes PDRC278 through PDRC288, and include:

From the Cade deposit, intersections of low iron spodumene:

PDRC278
15 metres at 1.48 per cent lithium oxide (Li2O);

PDRC287
13m at 1 per cent Li2O; and

PDRC288
15m at 1.13 per cent Li2O.

From the CNE target, which was an unrecognised pegmatite located immediately northeast of the Cade deposit:

PDRC282
4m at 1.22 per cent Li2O.

From Spodumene Target 1, which outcrops approximately 2km west of the Cade Deposit:

PDRC291
10m at 1 per cent Li2O.

Pioneer noted that all mineralised pegmatites remain open and that drilling is expected to resume in November to further determine their dimensions.

The company highlighted that the four targets it has identified to date have same apparent orientation and dip, suggestive of regional pegmatite stacking.

“The Cade deposit is a significant low-iron spodumene discovery confirmed by our first pass of drilling,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This is testament to the way Pioneer approaches exploration and provides us with an outstanding starting base from which we hope to build a substantial lithium project.”

The drilling scheduled to resume in November will initially target mineralisation at Spodumene Target 1 and the CNE pegmatite, as well as other substantiated geochemical and geophysical targets, including anomalies identified by deep ground penetrating radar (DGPR) survey that is currently in progress.

In addition, six diamond core holes will be drilled into the Cade spodumene deposit to test the proposed plunge of the mineralisation and to produce samples for metallurgical testing.

 

Email: info@pioresources.com.au

Web: www.pioresources.com.au

 

Pioneer Resources (ASX: PIO)

THE CONFERENCE CALLER: Wally Graham caught up with Pioneer Resources managing director David Crook who was awaiting the results of recent drilling at the company’s Cade spodumene deposit.

CLICK ON THE PICTURE BELOW TO VIEW

Pioneer Resources (ASX: PIO) reported receiving assay results from a recently completed drilling program on the Cade spodumene deposit, within the company’s 100 per cent-owned Pioneer Dome lithium-caesium-tantalum project in Western Australia.

Pioneer Resources conducted the drilling in order to test two lithium-caesium-tantalum (LCT) pegmatite targets beneath the previously reported discovery outcrops.

In July this year the company reported that spodumene-bearing LCT pegmatites had been discovered by its geologists at two locations within the Dome North Area.

The company has claimed to have confirmed the discovery of dominantly spodumene-rich deposits.

Assays have been received for drill holes PDRC263 to PDRC277, while those for holes PDRC278PDRC288 are still awaited.

PDRC263 was the discovery drill hole for the Cade spodumene deposit, intersecting:

113 metres at 1.04 per cent lithium dioxide (Li2O).

The company explained this drilling intersected the mineralised pegmatite at an angle near-parallel to the plunge orientation, so while the 113 meters is not truly representative of width, the company considers this hole does give an indication of mineralisation continuity with depth.

Results from further holes drilled at right angles to the Cade spodumene deposit, meaning that the reported intersections are close to ‘true width’, included:

PDRC265
25 metres at 1.61 per cent Li2O;

PDRC267
33m at 1.63 per cent Li2O;

PDRC268
18m at 1.47 per cent Li2O;

PDRC270
23m at 1.36 per cent Li2O; and

PDRC277
10m at 1.60 per cent Li2O.

Results from drilling at the Spodumene 1 Target included:

PDRC275
10m at 1.08 per cent Li2O and 129ppm tantalum pentoxide (Ta2O5).

Pioneer indicated it anticipates receiving the remaining assays before the end of September 2019.

“Having successfully completed its first mining operation at the Sinclair caesium mine, and now well-funded through the sale of pollucite, Pioneer returns to being an active explorer focused on key global demand-driven commodities, looking for its next mining opportunity,” Pioneer Resources said in its ASX announcement.

 

Web: www.pioresources.com.au

 

 

Pioneer Resources Receives First Drill Results From Cade Spodumene Discovery

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) reported receiving assay results from a recently completed drilling program on the Cade spodumene deposit, within the company’s 100 per cent-owned Pioneer Dome lithium-caesium-tantalum project in Western Australia.

Pioneer Resources conducted the drilling in order to test two lithium-caesium-tantalum (LCT) pegmatite targets beneath the previously reported discovery outcrops.

In July this year the company reported that spodumene-bearing LCT pegmatites had been discovered by its geologists at two locations within the Dome North Area.

The company has claimed to have confirmed the discovery of dominantly spodumene-rich deposits.

Assays have been received for drill holes PDRC263 to PDRC277, while those for holes PDRC278PDRC288 are still awaited.

PDRC263 was the discovery drill hole for the Cade spodumene deposit, intersecting:

113 metres at 1.04 per cent lithium dioxide (Li2O).

The company explained this drilling intersected the mineralised pegmatite at an angle near-parallel to the plunge orientation, so while the 113 meters is not truly representative of width, the company considers this hole does give an indication of mineralisation continuity with depth.

Results from further holes drilled at right angles to the Cade spodumene deposit, meaning that the reported intersections are close to ‘true width’, included:

PDRC265
25 metres at 1.61 per cent Li2O;

PDRC267
33m at 1.63 per cent Li2O;

PDRC268
18m at 1.47 per cent Li2O;

PDRC270
23m at 1.36 per cent Li2O; and

PDRC277
10m at 1.60 per cent Li2O.

Results from drilling at the Spodumene 1 Target included:

PDRC275
10m at 1.08 per cent Li2O and 129ppm tantalum pentoxide (Ta2O5).

Pioneer indicated it anticipates receiving the remaining assays before the end of September 2019.

“Having successfully completed its first mining operation at the Sinclair caesium mine, and now well-funded through the sale of pollucite, Pioneer returns to being an active explorer focused on key global demand-driven commodities, looking for its next mining opportunity,” Pioneer Resources said in its ASX announcement.

 

 

Web: www.pioresources.com.au