Tag: Lefroy Exploration

Posted on

Morning News Bites – October 12

The largest mining conference in Australia has kicked off today, with Diggers and Dealers now underway. KCGM set to recruit 700 jobs in Kalgoorlie Boulder as the Premier announces a mining extension has been granted at Super Pit special event.

Beacon Minerals Limited provided an update of activities at the Jaurdi Gold Project, announcing that it  produced 2,790 oz of gold during the month of September 2020. Beacon exceeded its production target from Jaurdi for the September 2020 quarter of 6,400 to 6,800 oz’s, with 7,453 ozs produced during the quarter, approximately 10% above the high‐end guidance and expects production from Jaurdi for the December 2020 quarter to be 6,600 to 7,000 oz’s. Debt $18.0 million (in the form of debentures) to be repaid today one year ahead of the repayment due date. On repayment of the debentures the company will be debt free.

Thomson Resources Ltd has managed to secure the RC drilling rig that undertook the Company’s maiden drilling program at the Yalgogrin Gold Project, for a short follow up drilling program commencing towards the end of October 2020. COVID-19 restrictions and the increased mineral exploration activity has meant that access to drilling rigs has become tight. The Company is pleased that Australian Mineral & Waterwell Drilling Pty Ltd were able to make the drilling rig available for Thomson between commitments to other customers.
Thomson’s drilling program in July 2020 discovered thick low-grade gold mineralisation from surface as well as deeper high-grade lodes, essentially on one north-south drill section. The follow up drilling program is proposed to extend the mineralisation by drilling sections either side of the first drill section and following the
mineralisation east and west. Samples will be analysed for gold and results should be available in November-December.

Ardea Resources Limited has announced that their first ever metallurgical testwork has been undertaken on four metallurgical samples selected from Ardea’s Big Four Gold resource, located on a granted mining lease within the Goongarrie Nickel Cobalt Project (GNCP), 65km north west of Kalgoorlie. It reports very high gold
recoveries from Big Four Gold deposit, with overall gold extractions of 97.7%. Significant proportion of gravity-recoverable gold revealed with potential for stand-alone toll treatment or incorporation into Ardea’s
broader gold strategy.

Terrain Minerals Limited updated the market of the drilling results from Terrain’s maiden RC Drilling Program at Smokebush Gold Project. A total of 12 RC holes (11 holes at the Monza prospect and 1 hole at Target
13) were completed for a total 981 metres as part of this first pass exploration program. The RC Drilling program was carried out over a 200-250m area to improve confidence in grade continuity and orientation identified in historic drilling and to test interpreted extensions to mineralisation. The drilling was concentrated at the Monza prospect area because this was identified as the most advanced target within the Smokebush project for hosting significant gold mineralisation. Multiple significant intersections were returned from drilling associated with shearing and alteration within meta-dolerite and felsic intrusive host rock.

Lefroy Exploration Limited reported initial results from the multi target drill program that Gold Fields Limited commenced in July 2020 on the company’s tenements over Lake Lefroy. The program is a follow up to the extensive foundation AC drilling that commenced in late January 2019 and is part of the AUD25 million Farm-In and Joint Venture (JV) agreement between Lefroy and Gold Fields that commenced in June 2018. The results from the ten initial RC holes continues to reinforce and advance understanding of the geological prospectivity beneath Lake Lefroy. Significant results include, 9m @ 3.58g/t Au from 96m including 1m @ 18.55g/t Au from 97m. 3m @ 3.25g/t Au from 82m including 1m @ 7.88g/t Au from 82m.  Gold Fields has completed the AUD4 million minimum exploration spend and is required to fund an additional AUD6 million for AFY2021 to earn a 51% interest in the Western Lefroy Joint Venture, which is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km south east of Kalgoorlie.

 

 

Posted on

Morning News Bites – September 21

1.62 million collected JobSeeker and Youth Allowance unemployment benefits in August. Perenti Global advises that Fitch Ratings has provided the company with a BB rating, Perenti is rated BB by Standard & Poor’s and Ba2 by Moody’s. Net Zero emissions by 2050 is achievable according to a road map set to be released this week by the Scot Morrison government.

Focus Minerals and Lithium Australia has ended its Coolgardie Rare Metals Venture for a group of tenements known as the “Nepean Group”. As part of the ending of the venture, the Coolgardie Rare Metals Venture is terminated and the parties mutually release each other from any and all associated claims and;Focus transfers Lepidolite Hill tenements P15/5739, P15/5574 and P15/5575 to Lithium Australia in exchange for the grant of a royalty equal to 20% of the statutory royalties payable the State of Western Australia in relation to those tenements.

An upgrade to the Adelong Gold Processing Plant in New South Wales is set to take place for 3D Resources after awarding a contract to Timora to provide specialised Engineering, Procurement, Construction and Management Services. 3D Resources Chairman Ian Hastings said “The Company is pleased with the progress since acquiring the Adelong Gold Project and this step to commence the upgrade of the plant is particularly significant. The Company has always aimed to recommence production as soon as possible and upgrading and reconfiguring the plant is one of the most important steps in that process The work and reviews to date have generated substantial understanding of the project which will drive the plant upgrades now underway.” The contract’s finalised plans include a recommendation to more than double the plant capacity with a view to initially improving the economies of scale during a single shift operation as well as providing the additional capacity for use as the increased resources are brought into the mining plan.

The maiden drilling intercepts at Mandilla – 20km south west of Kambalda WA, for Enterprise Metals have been released. The best initial aircore result of 4m @ 1.8g/t from 40 metres and was supported by anomalous gold and gold-indicators such as arsenic in the weathering profile. According to Enterprise Metals, The August drill program was confined to the eastern side of the highway and clear of the Kambalda-Esperance High Pressure Gas Pipeline and east of private land around the Mandilla homestead. 121 shallow vertical holes were drilled for a total of 2,408 metres.

A southern plunge at The Hub Deposit for NTM Gold has been detected at the Redcliffe Gold Project near Leonora in WA. The latest diamond drill hole testing the mineralisation down plunge at the Hub deposit has increased the vertical continuity of the high-grade material, returning: 7.5m @ 8.1 g/t Au from 405.6m, incl. 4.4m @ 12.2 g/t Au. Hole 20RDD004 is approximately 65m vertically above the first hole testing the southerly plunge, 20RDD003, which previously returned: 6.5m @ 7.0 g/t Au from 459m, incl. 2.5m @ 12.2 g/t Au. According to to NTM Gold Managing Director Andrew Muir “This latest intercept confirms and extends the mineralisation seen in the 20RDD003 and validates the presence of the southern plunge at Hub. The next few holes will continue to test the mineralisation and will provide a good insight into the dimensions of the high-grade mineralisation. The grades and widths intersected are excellent and highlight that the deposit has outstanding upside beyond the shallow high-grade oxide mineralisation.”

Lake Lefroy – Lefroy Exploration

 

A diamond drill program is underway on Lake Lefroy with Lefroy Exploration and Joint Venture partner Goldfields. An update to the program, which commenced in July has been provided, with Lefroy Exploration Managing Director –  Wade Johnson excited about a second drill rig being added. “The addition of a second drill rig and the commencement of diamond drilling in Lake Lefroy to accelerate exploration is exciting news. The multiple large regolith gold anomalies over a prospective stratigraphic rock package in the vast area of Lake Lefroy requires the drill-based commitment and experience that than GoldFields can bring. We are very supportive of the exploration methodology being undertaken by
our partner and keen to see the outcome from this phase of drilling” he said. The drilling program is part of a 9000m multi-target drilling program expected to be completed in October 2020 with results soon after.

 

Follow us on LinkedIn https://www.linkedin.com/company/industrylinkmedia/

Posted on

Morning News Bites – September 1

In Today’s Morning News Bites for September 1. WA motorists face toughest penalties in Australia if caught using mobile phones while driving. Telstra profits slide 15% for FY20, sighting disruption from the pandemic and bush fire crisis. Lefroy report results from Hang Glider Hill and Lucky Strike Gold exploration hubs 50km South-East of Kalgoorlie. 

Lefroy Exploration Limited provided results from an 279-hole aircore (AC) drilling program completed at the Hang Glider Hill (HGH) and Lucky Strike exploration hubs within the Eastern Lefroy project 50km to the South-East of Kalgoorlie, WA. A total of 12,436m were drilled in a 279- hole program covering the Hang Glider Hill, Lucky Strike and Havelock areas. Results include: Hang Glider Hill – enhanced gold prospectivity of the target area that has highlighted a 3.5km corridor adjacent to the Hang Glider Hill fault to focus additional exploration. Lucky Strike confirms highly oxidised BIF over 700m of strike with gold anomalies. Enhanced potential for further discoveries along the remaining 1.3km strike of the trend.

Legacy Iron Ore Limited announced the completion of the first round of PQ size (85mm) diamond drilling for metallurgical studies at the Mt Celia project in Laverton, WA. The drilling was undertaken to generate cores for metallurgical test works. A total of 4 drill holes have been completed, with 1 more hole to be drilled in September 1st week to generate a few more composite samples. Geological logging of the PQ cores resulted in the visual confirmation of expected mineralised zones providing increased confidence for the upcoming metallurgical test works. 4 diamond PQ drill holes for metallurgical studies completed at the Kangaroo Bore and Blue Peter gold deposits.

RC Drilling is nearing completion at New Bendigo, part of the Tibooburra Gold Project in New South Wales. Manhattan Corporation has completed 34 RC holes for 4,175 metres. Approximately 900 metres remains to be drilled and is expected to be completed by Saturday 5th September. The first batch of samples (approximately 2,000 samples) are undergoing sample preparation at ALS Global Laboratories in Adelaide. Results are expected late September 2020. A second batch of samples (~1,800 samples) has been dispatched from site and are expected to arrive at the laboratory this week.

Results from early stage metallurgical test work for Chalice Gold Mines has been completed on a range of mineralisation styles from the Gonneville PGE-Ni-Cu-Co discovery at its Julimar Project in WA. Early stage sighter metallurgical testwork completed on limited samples of high-grade sulphide mineralisation from the G1 Zone, as well as disseminated sulphide mineralisation and oxide mineralisation (composite from four RC holes) from the Gonneville Intrusion. All sulphides in the G1 zone float readily under standard conditions at 75µm grind size – a positive indication that the sulphides appear to be amenable to conventional flotation concentration techniques. Managing Director Alex Dorsch commented, saying “The early stage metallurgical test work completed to date has returned promising results from selected samples, giving us good early encouragement that the sulphide-hosted mineralisation at Gonneville will be amenable to conventional flotation.”

Essential Metals reports that a drilling programme has commenced to test the northern extent of the Sinclair Caesium Deposit, 140km South of Kalgoorlie, WA. A mineralised corridor has been modelled using existing high grade caesium drill intersections which confirm mineralisation extends up to 80m from the northern open pit wall of the Sinclair Caesium Mine. The drill programme will target a total length of 120m as well as aim to infill and widen the mineralised zones around the existing drill intersections.