EDITION #167
Perth, Western Australia - Tuesday June 07, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Superior closes in on big Queensland copper system |
Superior Resources has potentially unearthed a significant copper system at its Bottletree copper prospect, part of its larger Greenvale project near Townsville in Queensland, after assays returned a 632m copper hit within a remote section of an interpreted porphyry structure. The news was not lost on the market with Superior’s share price up 60 per cent at one point during the session on heavy turnover from the previous close. |
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New Peruvian project returns big silver hits for Valor |
Valor Resources’ recent decision to add the 60 square kilometre Charaque project to the company’s portfolio in Peru is paying off with high-grade silver hits more than 900 grams per tonne from rock and soil samples. Other strong results from its existing Picha project 30km away has spurred Valor to kick off a 5000m first-pass diamond drilling program across its prospective acreage. |
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Cyclone snaps up prime cobalt play in Cameroon |
Perth-based Cyclone Metals has sealed a binding exclusivity agreement with Ewaah Cameroon on a “world-class” cobalt-nickel-manganese land package in the central African region. The deal gives the company the right to procure 100 per cent of the issued capital of the Camdu Corporation, a subsidiary of Ewaah, that has applied for a mining permit covering the prospective ground. |
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Blackstone nails new nickel target in Vietnam
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ASX-listed Blackstone Minerals has landed a new massive sulphide discovery with portable-XRF readings of up to 20 per cent nickel at its flagship Ta Khoa nickel project in northern Vietnam. Several nickel targets have been identified at the project including massive and semi-massive and net-textured sulphides. The standout results saw a 2.95m intersection of sulphides, with portable XRF readings indicating the presence of up to 20 per cent nickel. |
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Fresh hits reveal open pit potential for Calidus |
Only one month after its first gold pour at the company’s Warrawoona gold operation, Calidus Resources is looking at its Blue Spec East prospect as an open pit operation following strong drilling results. The move could boost throughput at its nearby plant in the Pilbara. The company produced first gold last month with a 33kg pour and aims to ramp up to 90,000 ounces per year. |
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Cazaly soil samples target gold anomalies near Laverton |
Cazaly Resources is eagerly awaiting results from recently completed infill sampling across four surface geochemical gold targets at its Yabby prospect 10km west of Laverton in the Goldfields. A total of 246 samples were collected to follow up on gold anomalies identified during the company’s initial sampling program in January, with analytical results expected to take about eight weeks. |
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CZR grows iron ore resource by more than 50 per cent |
CZR Resources has increased the mineral resource at its Robe Mesa iron ore project in the Pilbara by more than 50 per cent whilst maintaining an iron ore grade of 56 per cent. Assay results reported in March revealed extensive direct shipping iron ore outside the prefeasibility study pit designs. The deposit’s JORC mineral resource has increased from 24.7 million tonnes to 37.5Mt. |
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Drilling results add weight to Latin lithium play
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Latin Resources has hailed definition drilling at its Colina prospect in Brazil as producing encouraging results. The company says the work, part of the larger Bananal lithium project in Brazil, continues to underline the operations potential, with recent logging confirming the down-dip continuation and expansion of previously identified high-grade lithium pegmatites. Latin continues to work towards a late 2022 maiden resource estimate. |
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Lode senses more silver in NSW project |
Lode Resources has extended the strike length of its mineral system to over 3km with a thick 26.5m intersection of lead-zinc-silver mineralisation at its Webbs Consol project in NSW. Whilst the core samples are on the way to the lab for analysis, the explorer is expecting significant silver mineralisation and estimates the core contains 12 per cent galena, 3 per cent sphalerite and 0.5 per cent chalcopyrite. |
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Tennant Creek drilling campaign imminent for King River |
King River Resources will begin RC drilling at its Tennant Creek gold project in the NT at the weekend, focusing on the Kurundi Main prospect where recent rock chip samples returned gold hits. Multiple samples at the prospect returned results of up to 17.25 grams per tonne gold along a 2km mineralised trend that has never been explored. |
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Surefire spreads gold footprint at Yidby Road |
Surefire Resources NL has tabled geochemical anomalies from its recent drilling at its Yidby Road gold project in WA’s Mid West, adding they represent a potential new gold discovery that could significantly expand the project’s footprint. The anomalies were found in the discovery zone, up to 400m to the west of Surefire’s existing gold deposit at Yidby Road. |
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Middle Island zeroes in on drill ready copper targets in NT |
Middle Island has unveiled a couple of drill-ready targets at its Crosswinds copper prospect in the Northern Territory after a five-line Induced Polarisation survey at the site. The company says the zones are supported by ground-based gravity work and regulatory assessments are the only thing standing in the way of an imminent probe. |
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Asra strikes more high-grade gold in WA |
Ongoing work at Asra Minerals’ Mt Stirling project in the eastern Goldfields region of WA has delivered another stunning set of high-grade gold intercepts that has also extended the operation’s mineralisation down-dip. The Perth-based company says recent drilling at the Estera prospect has delivered some of its best results so far across the operation’s southern tenements. |
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Aruma chases more gold from Salmon Gums |
Aruma Resources hopes history repeats with a fresh diamond drilling program to add to its huge gold hits in March that reached 224 grams per tonne from the Salmon Gums gold project in WA’s eastern Goldfields. Other eye-popping RC drill cores from its maiden program graded above 50 g/t and 83 g/t gold. |
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Gold explorer Aurumin hits lithium in WA pegmatites |
Junior explorer Aurumin has intersected multiple pegmatites with indications of lithium after RC drilling at the company’s Mt Palmer gold project in Western Australia. Anomalous lithium and pathfinder elements were uncovered in the first-pass drilling, with up to 370 parts per million lithium detected across several samples in Aurumin’s 12-hole program. |
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