News

Navarre Minerals Limited reported today further strong gold, silver and copper results returned from ongoing resource definition and exploration drilling within its wholly owned 850km2 Mt Carlton operation in north Queensland. The latest drill intercepts are from depth and strike extensions to the existing V2 and A39 orebodies and from the satellite Mt Carlton United (MCU) deposit. The results continue to reinforce the shallow, high-grade nature of these deposits and to highlight the outstanding prospectivity of the broader Mt Carlton project area in support of Navarre’s strategic objective of growing the mineral inventory and extending mine-life.

Drilling remains ongoing at MCU in support of open pit mining recently approved by the Queensland Government. The results from V2 and A39 cover an additional 84 reverse circulation holes for 9,355 metres of drilling and represent the final assays for drilling completed during the 2022 field season. The drilling program has involved up to two RC drilling rigs and one diamond core drilling rig, with the aim of expanding the known limits of the gold, silver, and copper mineralised systems. The results of this program will be included in an annual update of the Mineral Resource and Ore Reserves statement scheduled for reporting in March 2023.

Navarre Managing Director Ian Holland said: “The continued success of our drilling programs, aimed at extending the V2, MCU and A39 orebodies on the Mt Carlton mine lease, is very pleasing. The drilling results further reinforce the potential to grow our existing mineral inventory substantially and to extend mine life at Mt Carlton with additional gold, silver and copper ore. “We look forward to announcing more drill results in due course from our ongoing drilling campaign at Mt Carlton.” 

• 4 metres at 5.8 g/t gold & 5.1 g/t silver from 14 metres (MC22RC394)
• 6 metres at 4.2 g/t gold, 104.2 g/t silver & 0.7% copper from 17 metres (MC22RC433)
• 8 metres at 3.8 g/t gold, 17.5 g/t silver & 0.3% copper from 87 metres (MC22RC435)

Red 5 Limited advised today that underground drilling at the recently commissioned King of the Hills (KOTH) Gold Mine, part of the Company’s Eastern Goldfields gold mining hub operations in Western Australia, has delivered positive results, further defining current Ore Reserves that underpin the FY23 and FY24 mine plan and identifying new targets for potential Resource extensions. The significant assay results, received from 45,154 metres of underground drilling undertaken during CY2022, have been recorded across several key mining areas in the KOTH Underground

• 25.3m at 5.85g/t from 75.5m (KHRD0633)
• 152m at 2.77g/t from 21m (KHRD0636)
• 38.5m at 5.97g/t from 72.5m (KHRD0642)
• 6.8m at 35.06g/t from 150.5m (KHRD0685)
• 62m at 6.33g/t from 24m (KHRD0689)
• 24.5m at 14.07g/t from 140.5m (KHRD0776)
• 3.4m at 49.4g/t from 73m (KHRD0851)
• 5.8m at 100.9g/t from 85m (KHRD0855)
• 10m at 79.62g/t from 160.5m (KHRD0868)

Managing Director of Red 5, Mark Williams, said: “These impressive drill results provide further support for our mine plan over FY23 and FY24, as well as opening up potential new mining areas for the future. “King of the Hills is an enormous orebody, with significant areas remaining relatively undrilled, providing excellent potential for continued growth.”

White Cliff Minerals Limited announced an update on the Company’s Hines Hill REE project in the Wheatbelt region, WA, where maiden air core drilling has discovered mineralised REE clays from the surface. The results are incredibly positive, and further geochemical sampling over the remaining magnetic features has also been completed to grow the project's potential. The Company has also undertaken a maiden geochemical sampling program over E70/6136, an addition to the Hines Hill project area, which is contiguous to the west and increases the project size to ~576km2

White Cliff's Technical Director Ed Mead said: “Our maiden drill program at Hines Hill has been extremely successful in demonstrating the potential of the project with the discovery of shallow mineralisation with intercepts of up to 1,602ppm TREO in clays from surface down through the oxidisation profile, and into the basement. It appears at this early stage that the granitoid basement is highly elevated in REE’s and the REE Clays are the weathered granitoid. The Hines Hill project sits on salt affected broad acre farmland, which gives us the ability to work all year round; and with a land access agreement with the landowner, further encouraging results bodes well for the progression of the project. We have also increased the scale of the project to ~576km2 ”

Norwest Minerals Limited announced today it had received the assay results for the 33 RC drill holes (3,886m) completed at its 100% owned Bali Copper Project in Western Australia. The Bali Copper Project comprises approximately 8 kilometres of the Bali shear zone, a significant structure extending through the region and hosting numerous copper and other base metal prospects. The RC drilling targeted four priority prospects, with many holes returning wide copper intercepts grading ≥ 0.2% with 16 individual metres assaying ≥ 3% copper and the highest being 11.2% Copper.

Norwest’s CEO, Mr. Charles Schaus "This is the first drilling undertaken at Bali since 1989 and we are very encouraged by the results. The program tested each of the four prospects by systematic drilling of holes along strike with the aim of locating the source(s) for the high-grade copper exposed at surface. All prospects returned one or more wide drill intersections of copper mineralisation. Also, we have identified additional shear zones across the Deep South area with highgrade copper rock chips, with drill planning underway focusing on potential lateral and depth extension of these seven high-grade copper vein structures."

Great to have a little Bali in WA

Shallow aircore drilling has intersected broad zones of high-grade gold outside the Mineral Resource on the Western Flank of Turnberry (610,000oz @ 1.7g/t Au), part of the Murchison Gold Project, results include:

• 32m @ 3.09g/t Au from 32m including 20m @ 4.53g/t Au (22TBAC011)
• 12m @ 3.80g/t Au from 52m including 4m @ 10.70g/t Au (22TBAC015)
• 48m @ 0.91g/t Au from 12m including 24m @ 1.37g/t Au (22TBAC010)
• 8m @ 1.77g/t Au from 48m including 4m @ 3.18g/t Au (22TBAC020)
• 24m @ 0.58g/t Au from 40m including 4m @ 1.15g/t Au (22TBAC012)
• 4m @ 1.77g/t Au from 40m (22TBAC008)
• 1m @ 3.72g/t Au from 88m (22TBAC016) – hole ended in mineralisation

Meeka’s Managing Director Tim Davidson commented on the results: “These intersections highlight the growth opportunity we see at our Murchison Gold Project. Drilling on Turnberry’s Western Flank, outside the Mineral Resource, continues to deliver exceptional results and the mineralisation remains open along strike and at depth. Preparations are underway for further drilling to expand the footprint of these shallow, high-grade lodes following the drilling currently in progress at St Anne’s. Shallow, high-grade oxide mineralisation added to the Mineral Resource through this drilling will have a meaningful impact on the robust outcomes of our December 2021 Scoping Study and will be included in the upcoming Pre-feasibility Study.”

Calidus Resources Limited announced today strong drilling results which highlight the potential for an open-pit operation at its Blue Spec East prospect in the Pilbara. The results come from the RC drilling campaign conducted in December 2021 and January 2022 . Assay results, including multi-element geochemistry, have been received now for all drill holes. The results better defined the shape of previously identified intersections and confirm that known mineralisation at depth continues to near the surface where it may be amenable to open-pit mining. Follow-up drilling is needed to determine the potential for an open-pit resource. At Blue Spec, south of the main fault zone hosting the Blue Spec and Gold Spec deposits, drilling has confirmed that a newly identified zone is highly anomalous in gold and pathfinder elements. At the historic Marble Bar Goldfield, drilling of the main quartz reef has confirmed the down-dip continuity of the reef with intersections of up to 2m @ 8.03g/t Au (including 1m @ 12.9g/t Au) present. The reef is open along strike and down dip.

Calidus Managing Director Dave Reeves said: “These results clearly demonstrate there is opportunity for additional mine life at Blue Spec beyond the current resource. In addition, anomalous gold results from a parallel shear are encouraging for the wider area where targeted soil sampling is scheduled to begin shortly. “At Marble Bar, the initial drilling program has demonstrated the presence of shallow high-grade gold down dip from the old workings. These results will be followed up with further drilling as this area may provide additional high-grade ore to Warrawoona given it is just 25km from the processing plant”.

• The total Mineral Resources (Indicated and Inferred) at the Cue Project increased 41% to: 12.3Mt @ 2.3g/t gold for 927,000 ounces

Musgrave Minerals Ltd today reported a significant Mineral Resource estimate update on its 100% owned tenure at the Company’s flagship Cue Gold Project in Western Australia’s Murchison district

The total Cue Project Mineral Resource Estimate has now grown to 12.3Mt @ 2.3g/t Au for 927,000 ounces of contained gold (Table 1) with the high-grade Mineral Resources hosted in the Break of Day trend totalling 982kt @ 10.4g/t Au for 327,000 ounces of contained gold. This near-surface high-grade component of our total resource base is expected to be a significant driver of future value and the Company’s exploration efforts will continue to focus on identifying and testing near-surface, high-grade gold targets to further grow the resource base.

Musgrave’s Managing Director Rob Waugh said “This is a significant result for the Company and the growth in Mineral Resources will improve the future development potential of the project. The ongoing focus is to continue to grow our near-surface high-grade resources at Cue and progress PFS level studies to accommodate these new deposits and potential future resource upgrades. The deposits sit on a combination of granted Mining and Exploration Licences in a region with excellent infrastructure within a favourable mining jurisdiction.

Southern Cross Gold Ltd announced today a spectacularly wide intersection of gold-antimony mineralisation grading 119.2 m @ 3.9 g/t AuEq from 106.8 m in drill hole SDDSC033 at the 100%-owned Sunday Creek Project in Victoria. The drill hole also intersected 8 high-grade intersections >30 g/t Au with assays up to 119.5 g/t Au.

Fosterville owned by American gold Giant Agneco Eagle (Australia’s highest grade gold mine) is located just 30km to the North West

Southern Cross Gold’s Managing Director, Michael Hudson said “This result is unprecedented in terms of width of high-grade mineralisation rarely, if ever, seen in the Victorian goldfields. A result of 119.2m @ 3.9 g/t AuEq places the Sunday Creek project into a new realm and builds on what was already a remarkably successful drill program. Continuity, with great width and grades, is now evident down to 335 m vertical depth in the Apollo Shoot that remains open to depth, while multiple adjacent shoots remain to be drilled out. With the freehold land secured, industry-leading drill results, strong local relationships, a team of ore discoverers in place and the drill rig continuing to target extensions to mineralisation found in SDDSC033, we highly anticipate further results.”

Calidus Resources Limited was pleased to announce that the maiden drill program has commenced at Pirra Lithium’s Spear Hill discovery located in the Pilbara region of Western Australia. The initial drill program will comprise of 38 holes for approximately 3,000m. The program will test a pegmatite that has yielded assays of 0.66%–2.34% Li2O3 and a second poorly-exposed pegmatite to the north.

Managing Director Dave Reeves said “We believe Spear Hill has excellent potential, as indicated by the high-grade lithium rock-chip results identified earlier this year. The commencement of the maiden drill program so soon after the initial discovery demonstrates the Company’s determination to accelerate exploration progress at the project. “Concurrently we are actively assessing the lithium potential across the wider Spear Hill area and the rest of the tenement package, utilizing interpretation of remotely sensed data, field mapping, and rock-chip sampling. “Exploration to date has only tested a fraction of the large tenement package and rights owned by Pirra Lithium, and we are excited to unlock the full potential of the Pilbara”

De Grey Mining Limited announced today the following drilling update for the Crow Zone at the Hemi Gold Discovery, located approximately 60km south of Port Hedland in Western Australia
Hemi is surrounded by world-class infrastructure within a Tier 1 mining jurisdiction. The overall scale of Hemi continues to increase with dimensions growing to approximately 2.5km north to south and 2km west to east with three main zones (Aquila, Brolga and Crow) defined within this large gold system. The Crow zone is located immediately adjacent and north of the Aquila zone.
The Company has one aircore rig operating south of Aquila and one operating in the Greater Hemi region looking for mineralised extensions and Hemi look-alikes. Two RC rigs are following up extensions identified in aircore drilling and two diamond rigs are drilling depth extensions. Initial aircore drilling at Crow defined a large system +1km long and +400m wide. A program of RC and diamond drilling has been undertaken to define and extend mineralisation. Results reported in this release provide extensions and infill to the Crow zone and importantly shows an exciting new high-grade gold intercept in HERC238.
Highlights: Thick, high-grade gold intercept with visible gold at Crow:

64m @ 13.4g/t Au from 141m in HERC238 (using a 0.3g/t cutoff), including:
19m @ 42.0g/t Au from 170m (which in turn includes 8m @ 84.7g/t)

Additional significant RC results (>20gm*m) at Crow include:

12m @ 2.4g/t Au from 109m in HERC175
24m @ 1.1g/t Au from 51m in HERC225
31m @ 2.2g/t Au from 69m in HERC227

De Grey Managing Director, Glenn Jardine, commented: “Extensional and definition RC and diamond drilling at Crow on an 80-metre pattern commenced only recently in July. The exceptional result in HERC238 is the best result at the Mallina Project to date and has transformed our perceptions of the large Crow intrusion. It follows recent announcements of the discovery of new sub-vertical lodes in Crow, together with mineralised extensions of Crow to the north-west.
The significance of the new RC results at Crow goes beyond the results in HERC238. They demonstrate the potential for Crow to significantly add to the overall gold endowment at Hemi and to meaningfully contribute to a potential large scale, near-surface open-pit production scenario. The mineralised footprint at Crow is currently approximately 1,000m by 400m and remains open.
The Company’s drilling program is working successfully toward our strategic goal of making Hemi a Tier 1 scale gold deposit and demonstrating the potential for further upside on a tenement wide scale.”