Morning News Bites for September 29. Thousands of people impacted by the Office 365 outage, Sydney to Auckland travel bubble is looking likely and the Hotel Quarantine failures “caused 768 deaths”, inquiry told.
Alto Metals Limited provided an update on the final 1m fire assay results from its latest phase of RC drilling targeting high grade gold mineralisation beneath the Lord Nelson open pit and at the new Orion gold lode discovery, located 200m south of Lord Nelson, within the Company’s flagship Sandstone Gold Project 600km north of Perth in the East Murchison Mineral Field of Western Australia. The update relates to results received for a total 5,562m of RC drilling, which included infill and step out drilling at the new Orion Lode and infill drilling beneath the Lord Nelson pit. Infill drilling at the Orion Lode confirms excellent continuity of the shallow high-grade gold mineralisation from oxide and transitional zone, with highlights including, 29m @ 3.5g/t gold from 49m, incl.7m @ 7.9g/t gold from 53m and 13m @ 3.3g/t gold from 83m, incl.2m @ 8.8g/t gold from 85m. Alto’s Managing Director, Matthew Bowles commented saying, “It is a really exciting time for Alto with our next drilling program about to commence to follow up on these latest results. The 30,000m of drilling we have planned is the biggest drill program Alto has undertaken in a number of years and we are keenly anticipating ongoing results.”
Torian Resources Limited announced that drilling on the Mt Stirling Gold Project has now commenced, located 40km northwest of Leonora in Western Australia. The approximately 15,000m drilling campaign kicked off today at the Diorite East prospect on the Diorite Block. 9 holes comprising of approximately 1,000m of drilling have been planned for this prospect to follow up on a number of historical gold-in-soil anomalies which were recently uncovered. Phase 1 drilling has demonstrated Mt Stirling Project as a potentially large gold system with ore grade Au now intercepted over 100m below previous drilling and extends over 1,000m strike length. Assays from Phase 1 drilling returned grades of up to 4m @ 8.84 g/t (including 1.0 m @ 33.10 g/t) and 24m @ 1.26 g/t (including 7.0 m @ 2.89 g/t). Torian Executive Director Mr Peretz Schapiro said, “Today’s announcement ushers in an exciting phase for our company and our shareholders as we embark on one of our largest and most comprehensive drilling campaigns in recent times. I would like to thank our geological team and fellow Directors for all their hard work over the last couple of months to ensure that the program goes ahead and that it is given the greatest opportunity to succeed.
Drilling is underway at the Gum Creek Gold Project in Western Australia for Horizon Gold Limited. The drilling program will comprise a total of 38 RC holes for 4,680 metres. The program will consist of infill and extensional drilling to improve definition of the modelled mineralisation and to target potential extensions to the Swan and Swift Mineral Resource. Horizon Executive Director, Jamie Sullivan, said: “It is great to be drilling again at the Gum Creek Gold Project, with the initial program targeting the high-grade Swan and Swift deposits. This marks the start of a new phase of exploration for the company in this highly prospective belt. Along with our comprehensive review of previous geological data, which is well underway, we look forward to planning a more expansive drill program leading into 2021”.
West Australian kaolin and silica sand exploration company, Suvo Strategic Minerals Limited announced that it has executed a mining access agreement with the private land owner and occupier of the tenement that contains its maiden Inferred JORC Resource of 31.5mt of bright white kaolinized granite at its 100% owned White Knight Kaolin Project in Gabbin, Western Australia. Drilling contractors and associated support personnel are scheduled, and the drilling campaign will commence shortly. The purpose of the drilling program is to determine a JORC Compliant Measured Mining Reserve which is expected to be completed in December 2020. Bulk samples of raw product will be sent to the United Kingdom for further metallurgical test work, the results of which will further define enduser specifications and potential product pricing.
Dampier Gold Limited has detailed an update on further Aircore drilling has commenced at Paradigm East on the Zuleika Gold Project tenements under the joint venture with Torian Resources Limited. The Zuleika Gold Project sits within the gold rich Kundana district of the Kalgoorlie Goldfield with an extensive land holding along significant regional structures and within highly prospective stratigraphy Following on from the successful Phase 1 RC (Reverse Circulation) program at Paradigm East, phase 2 Aircore drilling of 1200m testing 400m further along strike on the mineralised structure is underway. The program is testing for the extension of the gold system to then be later infilled and tested with RC drilling. Dampier has identified the Paradigm East prospect as a high priority target within the granted tenements of the Zuleika Gold Project. Previous results include 7m @ 9.8 g/t Au including 2m @30.9 g/t Au. There are several strong intercepts over a 250m strike length and the zone is open in most directions. Phase 1 RC drilling program at Paradigm East completed in September 2020 returned significant intercepts from 11 of 12 drill holes with best results including repeats of up to 7.97 g/t Au over 1m from 117m.