EDITION #204
Perth, Western Australia - Wednesday October 12, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Surefire drilling firms up monster WA vanadium resource |
Surefire Resources has completed a little over 5km of infill drilling at its Victory Bore project with all the early signs suggesting the company could be set to add to what is already a monster vanadium resource in WA’s Mid West region. The RC infill drilling covering 1.4km of strike was designed to upgrade confidence in the resource and provide samples for metallurgical test work to feed into the company’s ongoing pre-feasibility study. |
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Lode extends mineralisation depth at NSW silver prospect
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Phase 2 drilling at Lode Resources’ Webbs Consol silver project in NSW has extended the deposit depth at the company’s Castlereagh prospect to 110m after intersecting more than 47m of sulphide mineralisation. Whilst assay results are yet to be confirmed, Lode says the 47.4m hit contains an estimated 6 per cent sphalerite and 3 per cent galena from 66.5m with significant silver grades expected. |
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Silica tests open up premium markets potential for Allup |
Allup Silica’s Sparkler project in WA’s Great Southern has delivered high-grade silica sand samples pure enough for the solar panels market – an industry tipped to be worth hundreds of billions of dollars worldwide in the next few years. Improvements in processing for Allup have resulted in test samples attaining the holy grail for silica sands producers of iron oxide impurities below 100 parts per million. |
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Moreno appointed Torque Metals Managing Director |
Torque Metals Chief Executive Officer Cristian Moreno has been recognised for his efforts in the successful drill campaign at its flagship Paris gold project by being named the company’s new Managing Director. The announcement caps an impressive six months for Moreno who was appointed CEO in April and has since overseen a highly successful exploration program at the Paris project near Kalgoorlie. |
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Triangle banks $6.7m cheque after sale of State Gas shares |
ASX-listed Triangle Energy could soon have $6.72 million to inject into its portfolio of WA-based oil and gas operations after selling off a slice of its interests in NSW oil and gas developer State Gas. Despite offloading 24 million shares, Triangle retains a strategic holding in State Gas of more than 10 per cent and says it is now well positioned to navigate an increasingly evolving energy sector. |
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Regional study unveils near mine gold targets for Alto
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A regional evaluation program has lifted the lid on a suite of walk-up drill targets for mineral explorer Alto Metals at its Sandstone gold project in WA’s East Murchison region. According to the company, the prospects are dotted around the historical Oroya and Hacks mines – assets that once accounted for 40 per cent of gold production in the area’s revered Greenstone Belt. |
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First up pegmatite hit for Kairos in Pilbara lithium hunt
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Kairos Minerals has hit pegmatites in the first hole drilled at its Lucky Sump prospect where the company is hunting lithium with a 16-hole RC campaign near its Mt York gold project in the Pilbara region of WA. The initial hole intercepted a 5m pegmatite hit whilst an additional two holes also recorded pegmatite intervals between 2m and 3m. |
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Aruma kicks off maiden drill program in WA gold quest |
Aruma Resources has unleashed its drill rig for a maiden 26-hole RC program at the company’s Melrose gold project in WA’s Pilbara region as it looks to probe coincident geochemical and structural targets backed by historical gold hits. The first pass drill test will consist of about 3000m of drilling across the project’s Gossan Hill prospect and is expected to take two weeks to complete. |
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Zuleika locks in Kalgoorlie gold farm-in agreement
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ASX-listed Zuleika Gold is expanding its presence in the highly prospective Goongarrie district of the WA Goldfields, inking a farm-in agreement with fellow WA explorer Olympio Metals. Zuleika must spend $400,000 within three and a half years to earn up to 80 per cent of a tenement adjacent to its own Goongarrie project, 90km north of Kalgoorlie. |
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Drill results highlight multi-metal potential for Venus
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Venus Metals has received positive assay results for a raft of minerals from an RC drill campaign across its Pincher Well zinc-lead-copper-gold prospect including a 3m hit at a whopping 35.2 grams per tonne gold. The outstanding gold intercept was contained in a 9m section going 15.6 g/t gold from surface at Pincher Well that forms part of the company’s Youanmi base metals project about 500km north-east of Perth in WA. |
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Classic nails first assays from mobile gold plant
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In a pilot run of its innovative “Gekko” gold processing plant, Classic Minerals has achieved an average grade of 6.06 grams per tonne gold using its first bulk sample of ore from the company’s Kat Gap gold resource that averages 2.96 g/t gold. Encouragingly, the pilot head grade was much higher than the average inferred resource grade calculated in April 2020. |
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Tietto set for first African gold pour this quarter |
Tietto Minerals has commenced pre-stripping activities at its fully funded 3.45-million-ounce Abujar gold project in Côte d'Ivoire Africa and the company says it will produce first colour this quarter. It has notched up a pile of construction milestones over the past month and punters have moved it share price from 41c to 61c in the last week. |
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Accelerate chases Pilbara manganese drill hits
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Mineral explorer Accelerate Resources has kicked off a second phase 2000m drill campaign at the company’s Woodie Woodie North manganese project in WA’s Pilbara region as it looks to build on encouraging results from an initial phase completed in July. Significant hits were returned from two drill holes, with the western-most hole encountering a series of manganese and iron-rich intervals from as shallow as 13m down to the end of hole where it ended in mineralisation at 87m. |
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Askari uncovers multi-element side to copper project
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Askari Metals has unveiled further multi-element potential at the company’s Callawa copper project in WA’s Pilbara region after a recent magnetic survey lit up an area coinciding with samples reading highly anomalous for three additional elements. The high definition drone survey identified magnetic structures correlating well with the company’s previously collected samples going 1610ppm nickel, 119ppm cobalt and 1820ppm chromium. |
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