EDITION #169
Perth, Western Australia - Tuesday June 14, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Silica prospect sparkles for Allup in WA |
Allup Silica is seeking to prove up another silica prospect at its Pink Bark project, 110km from Esperance in WA. Preliminary surface sampling has returned silicon dioxide grades up to 98.82 per cent, with iron oxide levels ranging from 0.08 to 0.95 per cent. Further tests are underway to determine the potential for the sands to clean up into a suitable silica sand product. |
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Rock chips turn up lithium for Infinity at Pilbara project |
Infinity Mining has confirmed mineralisation of up to 2700 parts-per-million lithium in rock chip assays from pegmatites at its South Tambourah project in the east Pilbara region of WA. The pegmatites were discovered after a helicopter-supported reconnaissance program in April identified visible spodumene and lepidolite in the southern area of the project. |
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Aurumin hits visible gold in WA |
Mineral explorer Aurumin has intersected visible gold in its first diamond drill hole at the company’s 784,000-ounce Central Sandstone gold project 130km west of Leinster in WA. With the RC portion of its program completed, the diamond drilling aims to extend and better define the project’s premier underground resource, Two Mile Hill, of 14.2Mt grading 1.1 g/t and containing 500,000 ounces of gold. |
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Surveys highlight Queensland copper-gold targets for Coda |
Coda Minerals has identified multiple targets including outstanding anomalies from induced polarisation surveys at its Cameron River copper-gold project in north Queensland, with drilling set for August. The drilling program will target coincident geophysical and geochemical targets including a shallow chargeability anomaly at the site’s Rebound prospect. |
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Drilling extends Mount Magnet gold lode for Venus, Rox |
Venus Metals Corporation and Rox Resources have continued their run of gold hits from the latest round of drilling at the companies’ joint venture Youanmi gold project near Mt Magnet in WA. Results include 8m at 5.1 grams per tonne gold from 212m including 4m at 9.45 g/t from 212m in addition to 4m at 6.03 g/t from 140m in one hole. |
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Latin stumps up more high-grade Brazilian lithium |
Latin Resources has delivered a string of promising intercepts from a 100-hole drilling blitz at its newly minted Colina lithium prospect in Brazil including 4.35m returning 1.76 per cent lithium oxide from only 36.75m. Recent drilling has extended the prospective lithium pegmatites to over 1km along strike, with mineralisation remaining open to the south. |
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Kaiser looks for boost with gold plant upgrade |
Kaiser Reef has completed the first part of an upgrade, modernisation and maintenance program at its wholly owned Maldon gold processing plant. The company says the upgrade works are expected to deliver a 20 per cent increase in throughput rates in addition to gold recovery improvements. Reduction in unit costs through lower power consumption and more efficient operation are also expected, that should significantly reduce operating costs. |
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Triangle eyes production boost after well workover
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Triangle Energy Global hopes to increase production from its Cliff Head platform by replacing a downhole electrical pump that failed last year after 12 years in operation at the field, the only offshore producing facility in the prolific Perth Basin. The well was closed in September and the phased workover is expected to bring an extra 130 barrels a day. |
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Kal Gold targets new depths at La Mascotte discovery |
Kalgoorlie Gold is looking to plumb the depths at its La Mascotte discovery in WA’s Goldfields region after extending the strike length of the prospect from about 250m to 700m after recent drilling. It also plans to test outlying gold targets recently found by the company’s prospecting partners just west of its current focus area. |
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Lithium Australia, Charger to probe WA targets |
Lithium Australia’s joint venture partner Charger Metals is poised to fire up the drill rig at its Medcalf prospect, part of the larger Lake Johnston project about 450km east of Perth in WA after confirming a significant lithium system at the site. The looming campaign will follow work at its nearby Coates and Bynoe projects where an imminent delivery of drilling approvals is expected. |
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Calima kicks off four-well Canadian drilling program |
Calima Energy has spudded the first of four wells into its highly productive project areas in Canada as it looks to replicate the successful 2021 program that saw daily production tip over 4000 barrels of oil per day and announce its maiden dividend. The company has a fifth well drilled that is due to be fracture stimulated and put into production later this month. |
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3D model reveals new Gascoyne target for Lanthanein |
Lanthanein Resources has identified intrusive carbonatite centres from 3D modelling of airborne magnetic geophysics surveys at its Gascoyne rare earths project in WA. At least three intrusive targets have been modelled as vertical cylindrical bodies of 2-4km in diameter and extending more than 2km in depth within the company’s Lyons block and along the Bald Hill lineament. |
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Okapi to kick off maiden Canadian uranium hunt |
Okapi Resources is set to dive into a maiden exploration program across a range of exploration projects at its Athabasca Basin uranium tenements in Canada. The company has recently completed a comprehensive analysis of satellite image data from its Newnham Lake and Perch projects showing a bevy of attractive targets that call for a closer look. |
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Millrose gold hits continue for Strickland |
Strickland Metals has received higher-than-expected assay results from recent diamond drilling at its Millrose gold project about 85km north-east of Wiluna in WA that suggest it is part of a very large gold system. Mineralisation at Millrose North is now defined over 300m whilst remaining open at depth and along strike. |
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Tietto ramps up African gold mine work |
ASX-listed gold developer Tietto Minerals has crossed off a list of tasks at its rapidly progressing Abujar gold project in Cote d'Ivoire, West Africa after completing several civil and construction projects at the site. The company has already defined 3.45 million ounces of the precious metal and is on course for an end-of-year gold pour. |
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