Perth, Western Australia -Wednesday March 16, 2022 |
Image pays $12m for monster mineral sands play |
ASX-listed Image Resources has picked up an astounding 84Mt of contained total heavy mineral sands and a staggering 75Mt of contained valuable “heavy” minerals in a $12 million cash deal with Sheffield. The new project comes gift wrapped with a massive 5.8Bt mineral resource going 1.4 per cent total heavy minerals and represents an incredible 20-fold increase in the overall tonnes accessible by dry mining for Image. |
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Ardea confirms high-grade WA battery metal hits |
Ardea Resources has confirmed some solid nickel-cobalt intercepts with bonus previously undocumented scandium and rare earths after re-testing historic drill pulps at its Kalpini Nickel project in WA. Noteworthy assay results included a 12 metre section grading 1.7 per cent nickel, 0.151 per cent cobalt and 28 grams per tonne scandium with 0.244 per cent total rare earth oxides and 1.32 per cent total rare metal oxides. |
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Tietto eyes 4th qtr this year for first gold from West Africa |
Tietto Minerals says it is on target to pour first gold at its Abujar gold project in Cote d'Ivoire, West Africa by the 4th quarter of the 2022 calendar year after ticking off a number of critical civil construction tasks. The company says its 3m ounce Abujar project could be amongst the largest producing gold mines in Africa when fully operational and importantly, it is fully funded through to construction. |
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Technology Metals closing in on vanadium mine |
Amidst a tight global market Technology Metals has produced high vanadium recoveries up to 95 per cent in test work as it plans to merge its two deposits and deliver the world’s next large scale vanadium mine. The company is aiming to become a key supplier of the metal as global economies transition to a low carbon future. Its integration study is on track for delivery in mid-2022. |
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Okapi poised to probe NSW gold ground |
ASX-listed explorers Okapi Resources is poised to unleash the diamond drill bit at its Enmore gold project in northern New South Wales after scoring a string of “exceptional” hits in a maiden drilling campaign at the venture late last year. The 11-hole program will follow up on previous work at the Sunnyside prospect, that the company says remains open at depth and along strike. |
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Castle begins geophysics survey in Ghana graphite hunt |
Junior multi-commodity explorer Castle Minerals has initiated a high-resolution ground based horizontal loop electromagnetic geophysical survey to assist in defining the mineralisation extent of the company’s Kambale graphite deposit in north-west Ghana. The geophysical dataset is expected to guide further targeting including finding specific areas likely to achieve the best quality fresh rock samples for upcoming diamond drilling. |
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Strike ticks final boxes on pathway to iron ore production |
Strike Resources is gaining momentum as it looks to become the Pilbara’s newest iron ore producer at its Paulsens East iron ore project. Construction is well underway on the haulage road that will connect the mine to the public road network as the company gears up to haul 400,000 tonnes of low-cost direct shipping ore in the year ahead for export from Port Hedland’s Utah Point in 2022. |
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ADX locks in flow test date for Anshof discovery |
ADX Energy has locked in a workover rig to flow test its Anshof-3 oil and gas discovery in Austria and will initially focus on the economic potential of the 2.5 metres of logged net Eocene oil reservoir. Depending on the initial results, the company will then look at testing the 20m gross gas-prone Miocene sandstone formation intersected in a shallower section of the well. |
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American West sees more copper-zinc potential in Utah |
American West Metals continues to deliver at its West Desert project in Utah after its third diamond drill hole intersected over 100 metres of visual zinc and copper mineralisation from just 20m downhole. According to the company, the initial results appear to confirm the continuity of shallow base metals in the first two holes and support the projects open pit mining potential. |
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Askari finds gold in Wheatbelt soils |
ASX-listed Askari Metals has turned up an encouraging 2 grams per tonne gold after sifting through the soils of its Burracoppin gold project in WA’s Wheatbelt region. The Burracoppin project was historically mined in the 1930s and in some old workings produced gold grades of up to 49 g/t gold. Askari is now redefining a prospective gold corridor that looks like it could be over 3km long. |
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Torque shores up WA ‘gold corridor’ with new anomalies |
Junior gold explorer Torque Metals has tallied a series of highly anomalous auger geochemistry hits highlighting an approximate 600m continuation to known mineralisation extents at the company’s Paris Gold project near Kalgoorlie. The company says two additional gold anomalies were identified in a previously unexplored area with all anomalies lining up in a north-northwest orientation, further confirming its hypothesis of a potential ‘Paris gold corridor’. |
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PolarX plans high-grade copper resource growth
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PolarX has expansion plans for its high-grade copper Caribou Dome deposit in Alaska. It sees potential for increasing both the average grade and tonnage of its existing resource already holding 2.8Mt of ore grading a respectable 3.1 per cent copper. The company says recently reported results have prompted a full review of the resource model and a new drilling campaign. |
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Horizon lands more gold hits with sniffs of nickel |
More gold hits continue to roll in from Horizon Minerals’ Golden Ridge project near Kalgoorlie in the heart of Western Australia’s Goldfields. Results from the latest round of RC drilling have included 2 metres returning a tantalising 26.11 grams per tonne gold from 69m. The company appears to have also tapped into a nickel-rich ultramafic that lies only 8km north of the Blair nickel mine. |
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New gold targets in unexplored WA tenure for KalGold |
Kalgoorlie Gold Mining or KalGold has defined strong, continuous gold anomalism bordering the company’s La Mascotte gold prospect, part of its flagship Bulong Taurus gold project near Kalgoorlie in WA. The identified trend runs for over 2.3 kilometres and extends from the Turnpike prospect in the west through La Mascotte and continues eastward, supporting the company’s hypothesis of a large, connected gold system at Bulong Taurus. |
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