EDITION #197
Perth, Western Australia - Wednesday September 21, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
ABx joins deposits with record Tasmanian rare earths haul
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First pass drilling by ABx Group between its two rare earths discoveries in Tasmania has confirmed a contiguous 6.5km mineralised channel with the results to feed into a maiden resource estimate. Results from the thick and shallow zone include 21m at 2511 parts per million total rare earth oxides from 2m downhole and another 8m hit grading 1556ppm total rare earth oxides also from 2m. |
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Kalamazoo acquires large Victorian gold project |
Mineral explorer Kalamazoo Resources has officially been given the keys to Coda Minerals’ 1609-square-kilometre Mt Piper gold project in Central Victoria after the project’s five tenements prospective for gold were successfully transferred to the company last week. The latest acquisition has bolstered Kalamazoo’s existing ground holding in Victoria to 2006 square kilometres. |
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Galan to establish Argentinian camp ahead of lithium production |
Galan Lithium has taken a vital step in establishing itself as South America’s next battery metals producer after lodging an application to establish a permanent 200-person camp at its flagship Hombre Muerto West brine project in Argentina. The company plans to launch commercial production in 2025 and will initially use the facility to accommodate the operation’s construction workforce. |
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NSW drill program targets gold for Godolphin, Orange Minerals |
Second phase drilling has confirmed mineralisation at the Calarie gold project in New South Wales extends at depth and is open along strike for joint venture partners Godolphin Resources and Orange Minerals. The 1170m campaign saw five diamond drill holes sunk into the site to test mineralisation below previous workings and to confirm results of two historical RC holes that intersected mineralisation. |
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New assays boost copper asset for American West
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New assay results suggest American West Metals has nailed a parcel of new mineralisation about 250m from its existing West Desert deposit in Utah. The mixed metal strikes include a 0.92m interval running a serious grade of 20.4 per cent zinc from 459.31m that sits amongst a cocktail of anomalous copper, gold, silver and indium hits. |
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Infinity Mining homes in on more WA gold targets
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With a drone magnetic survey and positive rock chip assays, Infinity Mining has confirmed two compelling magnetic targets adjacent to historical gold workings at the company’s Chicago gold project in WA’s Central Goldfields region. The anomalous rock chips going up to 2.37 grams per tonne gold were collected in proximity to its magnetic targets and have inspired the explorer to plan a round of RC drilling. |
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Conico results on track with historical Greenland mine |
Conico has logged zinc, lead and copper sulphides from a 10-hole diamond drill campaign at its Mestersvig project in Greenland consistent with the historic Blyklippen zinc-lead mine at the site. Eight of the 10 holes completed intercepted disseminated, heavily disseminated or matrix sulphides during the program that was testing for extensions to the known mineralised vein system identified at the Blyklippen and Sortebjerg prospects about 13km along strike from one another. |
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Xanadu poised to benefit from Mongolian mining laws |
Equities firm MST Access believes changes to the Government of Mongolia’s mining code has the potential to benefit foreign investment with revisions to the nation’s laws expected later this year. One of the potential beneficiaries of the proposed changes is ASX-listed Xanadu Mines that is aiming to develop its Kharmagtai copper-gold project in Mongolia. |
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Caeneus gets new Executive Director to drive exploration |
Perth-based Caeneus Minerals has appointed experienced geologist and business advisor Nick Poll as its new Executive Director. Over Poll’s three-decade career, he has carried a raft of early-stage exploration projects through to full-scale production and was a key figurehead in the discovery of one of the world’s largest open-pit nickel sulphide mines - Santa Rita in Brazil. |
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Accelerate locks onto Pilbara lithium targets |
Mineral explorer Accelerate Resources is set to embark on a lithium-focused sampling program after revealing new targets at the company’s 100 per cent owned East Pilbara lithium project in one of the world’s premier hard rock lithium districts. Once the explorer returns from the field it will look to finalise its targets for a maiden drilling program slated for the first half of 2023. |
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Tietto hits high-grade gold outside Cote d’Ivoire resource |
Tietto Minerals has landed a swag of high‐grade gold hits after diamond drilling prospects outside its Abujar project that already holds a combined 3.45 million ounce resource in Côte d’Ivoire, West Africa. Notable intersections from the step-out campaign include half a metre running a bonanza grade of 195.53 grams per tonne gold from 85m inside of a larger 4m parcel grading 24.73 g/t gold from 85m. |
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Lanthanein rare earths hunt nears mid-way point |
Work is well underway at Lanthanein Resources’ Lyons rare earths project in the Gascoyne region of Western Australia with 13 of a projected 30-hole RC campaign now complete. The maiden probe follows the collection of several high-grade rock chips grading up to 8.01 per cent total rare earths oxides from outcropping ironstones at four of the operation’s prospects. |
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Askari drilling in WA Wheatbelt returns gold extension |
Askari Metals has received initial high-grade gold results from a third phase of RC drilling at the company’s Burracoppin gold project in WA’s Wheatbelt region. In June a total of 40 RC holes were drilled and now the assays are in from the first nine holes around the project’s Christmas Gift prospect. Broad zones of gold mineralisation have been defined confirming a southern extension of gold at the prospect including a 10m hit at 1.38 g/t gold from 34m. |
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Drilling beefs up gold numbers at depth for Strickland |
Explorer Strickland Metals has confirmed the presence of mineralised extensions beneath its existing Millrose resource near Wiluna in WA after completing a 130m step-out program at the site. The diamond probe nailed two high-grade intercepts running 5m at 5.3 grams per tonne gold from 239m and 5.9m grading 6.1 g/t gold from 258m. The hits sit inside a larger 38.2m parcel going 2.5 g/t from 234m. |
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