Markets are on the rise as factories are starting to return. Could Australia be headed for negative interest rates, the Reserve Bank meet today,
- Thick shallow gold intercepts found with Dreadnought Resources at their Rocky Dam project near Kalgoorlie. Managing Director Dean Tuck was encouraged by the results which included:
RDRC002: 45m @ 0.6 g/t Au from 18m including 9m @ 1.7 g/t Au from 42m
RDRC006: 40m @ 0.2 g/t Au from 19m
“Our maiden drill results at CRA-North are highly encouraging with good widths and reasonable grades. The bedrock mineralisation and potentially higher grades are interpreted to sit to the west and at depth beneath the recent intercepts. The thick shallow oxide mineralisation combined with ~300m of strike and proximity to Kalgoorlie makes CRA-North an attractive target for further drilling as soon as logistically possible.” Mr Tuck said.
- A high definition drone will provide detail on the trends and drilling over the Metalicity Kookynie Gold Project as a significant strike extension has been identified. Managing Director of Metalicity Jason Livingstone said “Concurrent with our drilling programme underway at the Kookynie Gold Project, we have engaged RocAerial with their drone to complete a very high detailed geophysical survey over all live tenure within this Project.” “I am very keen to further define the structural framework that potentially hosts mineralisation north and south of the prolific Cosmopolitan Gold Mine which produced 360,000 ounces of gold and the strike continuation of Champion, but also the significant 2 kilometre trend between Leipold and McTavish. Let alone the Altona trend some 1.5 kilometres east of the Cosmopolitan where some 80,000 ounces has been produced historically with very little follow up work done in the modern era.”
- A large gold target has been identified at the Tucklan project in the Lachlan Fold belt in New South Wales. The project with Sultan Resources is 45km from Alkanes Boda discovery and is undrilled. Soil sampling across a 100m x 100m grid has defined a 1.5km x 0.30km, NW-SE striking, coherent gold in soil geochemical anomaly showing gold values consistently greater than 7.2ppb Au.
- The strike length at Taruga Minerals Woolshed deposit has been extended after reprocessing of government airborne magnetic data. Taruga has highlighted the portential for a 15km strike of Iron-Oxide-Copper-Gold. The reprocessing has also highlighted the potential mineralisation of surface or shallow depth targets.
- Auroch Minerals has entered a trading halt, prior to which it released results from its RC Drilling program at its Saints Nickel Project. A capital raising is set to to be announced. The Saints Nickel Project is 65km north west of Kalgoorlie.