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.”

 

 

Morning News Bites – September 4

Morning News Bites September 4 2020

S&P Dow Jones Indices announced changes in the S&P/ASX Indices, effective at the open of trading on September 21, 2020, Victoria Premier Dan Andrews set to release the plan for easing restrictions on Sunday and US Tech stocks drove Wall Street down overnight.

Brecciated and altered sediments containing disseminated and blebby
sulphides.

Encounter Resources have announced drill ready gold targets at Lamil, Paterson Province, WA. The targets are set to have drilling commence this month.  Encounter Managing Director Will Robinson said “High grade gold has been intersected in broad spaced drilling over 5km of the Lamil dome. Innovative new geophysical 3D inversion modelling of the IP, magnetics and airborne EM data has provided a potential step change in the structural understanding at Lamil and has highlighted an untested Havieron style target adjacent to the extensive breccia zone drilled in March 2020.”

Magnetic imagery indicates potential for around a 1.2km long extension of the western flank of Parks Reef for Podium Minerals. The locations of anomalous platinum, palladium, gold and copper in rock chip samples closely align with the observed stratigraphy in the Parks Reef drill results. Within the currently defined Mineral Resources in 3 separate resource blocks in the west, central and eastern sectors of Parks Reef with contained metals of 1,140,000 ounces of combined platinum, palladium and gold plus base metal credits with 37,300
tonnes copper. A resource upgrade is targeted for October 2020 and a drill campaign is planned to extend the total resources to a combined length of 8.5km,
including a continuous resource block spanning approximately 6.1km over the western half of Parks Reef. This is off the back of recent drilling which revealed thick intervals of significant platinum, palladium and gold mineralisation over 1.6km of strike length connecting the western and central resource blocks.

A joint venture for Flinders Mines with BBI Group Pty Ltd has resulted in the conditions precedent being satisfied or waived. Flinders Independent Non-Executive Chairman, Mr Neil Warburton said: “This is an important milestone for Flinders as there is now a pathway to bring PIOP iron ore to market and the first step of this is for BBIG to advance the necessary feasibility studies. “This has been a long time coming and we thank our shareholders for their patience. An exciting development in our journey for our shareholders really begins here.” The JV is for the proposed development of Flinders Mines flagship Pilbara Iron Ore Project

Mader Group has appointed a new Chief Financial Officer Mr Paul Hegarty. According to Mader Group Chief Executive Officer Patrick Conway  “We are delighted to welcome Mr Hegarty to Mader Group’s leadership team. He brings awealth of financial experience with him and we look forward to his input in what we envision will be a high performing year ahead,”

Azure Minerals has entered into an exclusive and binding agreement to acquire 100%-ownership of the Barton Gold Project, a single Exploration Licence Application (ELA 40/393) from local company 30 Well Pty Ltd. Commenting on this acquisition, Azure’s Managing Director, Mr. Tony Rovira said the purchase reduces the risk for Azure “Building a portfolio of Western Australian projects has reduced Azure’s risk profile by diversifying across commodities and jurisdictions. This strategy has now given shareholders exposure to two of WA’s most exciting gold exploration areas – the Mallina district in the Pilbara and the reborn Kookynie district – as well as taking on Creasy’s nickel-copper discovery in the Andover layered mafic-ultramafic complex. Given recent exploration successes in the Kookynie district by other companies, Azure is confident that comprehensive and targeted exploration on the largely unexplored 200km2 Barton landholding has good potential for the discovery of significant gold mineralisation.”