Morning News Bites – October 2

Sizzler closes its nine restaurants across Australia, Dancing and more to be back on the Queensland social scene and Google pledges $US1b to publishers for news content. 

Antipa Minerals Limited has announced commencement of a diamond and air core drill program at the wholly owned 144km2 Minyari Dome Project,  which is within 35km of Newcrest Mining’s Telfer Gold–Copper‐Silver Mine and 75km of Rio Tinto’s Winu copper‐gold‐silver development project. This includes a 3,800m resource definition diamond drill programme at the Minyari and WACA and 3,000m greenfields air core drillling.

 

Drilling at Coogee (Victory Mines)

A 30 hole, 4,000m RC drilling programme has commenced for Victory Mines with RC drilling to target areas along strike and below the previously mined high grade Coogee pit. The drilling will extend over the entire 600m long pit trend with Drilling aimed to outline additional gold mineralisation that could upgrade the current resource estimate. Coogee is located south east of Kalgoorlie and on the north side of Lake Lefroy, which is in proximity to GoldFields St Ives. According to Victory Mines, The 4,000m RC drill programme will drill test the down plunge extensions of a number of the high-grade gold shoots within the overall 600m strike length Coogee pit trend and below the previously mined Coogee pit.

An update has been provided for Sabre Resources planned drilling program at Bonanza Gold Project. Drill program approval applications have been lodged at the Department of Mines with drilling companies contacted and a start date announced when approvals have been granted. Sabre are looking at a 1,500m Aircore drilling program planned to test priority targets.

Wiluna Mining Company has updated the market on its Sulphide Development at Wiluna. The approval of the construction of the concentrator was completed by the board and  Milan Jerkovic, Wiluna Mining’s Executive Chair was pleased to report the progress.  “I’m pleased to report that significant progress has occurred surrounding the sulphide development plan. A significant hurdle was met when the Board of Directors approved the construction of the concentrator and the appointment of GR Engineering to undertake the EPC contract for construction. The timetable is confirmed and the capital requirements for Stage 1 will be fully funded with the expected draw down of the Mercuria second tranche debt facility and work will commence immediately with commissioning planned for September 2021.”

Diamond Drilling has commenced on the Andover Nickel-Copper Project (60% Azure / 40% Creasy Group), located in the West Pilbara region of Western Australia. An initial 12-hole, 3,000m diamond core drilling program on defined targets is underway with downhole EM surveying of drill holes. Azure Managing Director, Mr. Tony Rovira said: “We’re very pleased to get our first drilling program at Andover underway so quickly, in what is a target-rich environment for nickel and copper sulphide mineralisation. Azure has hit the ground running with the initial six-week program of ground EM surveying now completed and our first drill program underway.” Mr Rovira also said there would be high priority of drilling the anomalies “The ground EM surveying has identified numerous electromagnetic conductors indicative of bedrock hosted sulphide mineralisation and drilling of these new anomalies will be undertaken as a matter of high priority. Drilling will continue through to the end of the year, with first assay results expected later this month.”