Morning News Bites for September 30. Hydrogen boom set to hit $11 trillion USD, national contact tracing network unlikely to be in place until 2021 and Trump is about to go head to head with Biden in the first presidential debate.
TSC Limited announced the commencement of RC drilling at the Rover Project in WA’s Goldfields. Around 33 holes for 1,800m is planned, to test four main areas. The RC drilling campaign is designed to follow up on previous significant results. Notably, the focus is to test new anomalous gold results at the Rover Project, following on from TSC’s auger drilling and soil geochemical programs. Results to be released progressively over the coming weeks as they come to hand.
Superior Resources Limited reported an update on the second batch of assays from the Resource Drilling
Program at the Steam Engine Gold Deposit, located approximately 210 kilometers west of Townsville, Queensland. The results further boost the consistently strong intersections returned in the first batch of assays from both the Steam Engine and Eastern Ridge Lodes. The second batch of assays returned a thick, high grade gold intercept at Steam Engine Lode, with highlights including; 14m @ 4.9 g/t gold from 0m (surface), incl 7m @ 9.2 g/t gold from 7m and incl 1m @ 47.5 g/t gold from 7m. Upcoming revised Mineral Resource Estimate expected to be upgraded from current 1.27 million tonnes @ 2.3 g/t gold (approximately 94,000 ounces), followed by completion of a scoping study.
Initial reconnaissance fieldwork programs at the recently-acquired Jimblebar and Pincunah gold projects in the Pilbara region of Western Australia have returned positive results for Trek Metals Limited, confirming strong prospectivity for gold mineralisation. The fieldwork program comprised mapping and sampling programs across both project areas and included the reprocessing of geophysical data to assist with geological interpretation. This work delivered a series of maps that combined airborne magnetic and radiometric data, as well as aerial photography, topography and processed satellite imagery. In combination with historical drilling results, these maps were then used to prioritise targets for sampling programs and later interpretation.
Toro Energy Limited reported that the reverse circulation drilling programme at the Golden Ways Target Area on the company’s owned Yandal Gold Project has been successfully completed. The Project is located in the Yandal Greenstone Belt some 15km NE of the world class Bronzewing Gold Mine and some 50km east of the world class Mt Keith Nickel Deposit in Western Australia. A total of 35 RC drill holes for 2,416m were completed in the programme over the Golden Ways target area, being 416m more than the 2,000m planned. Geological assessment of the drilling program is now underway. Drill chip samples have been selected for geochemical analysis and sent to the laboratory for assaying. It is expected that assay results will be returned in October.
Sultan Resources Limited provided an update on results from extension soil and rock chip sampling returned from ongoing exploration programs at the Big Hill AuCu porphyry project in the Company’s Lachlan Fold Belt. The ongoing exploration program is designed to identify drill targets with high potential to host
porphyry-style Au-Cu and/or epithermal gold mineralisation across the three highly prospective targets at Big Hill, Ringaroo and Tucklan. Jeremy King, Chairman of Sultan Resources commented saying, “Sultan’s methodical approach and boots on the ground exploration strategy has again paid off, revealing Razorback Ridge: outcropping chalcopyrite, malachite, chalcocite with good gold over a kilometre long, and unreported by previous explorers. It is testament to the quality our now expanded ground position that such outcropping
mineralisation can still be discovered walking the ground half way between Cadia and Boda. Razorback adds even more compelling ingredients to our Big Hill Porphyry Target, giving us more confidence to fast track further exploration not only around Big Hill and Razorback, but at Ringaroo and Tucklan where we eagerly await IP and soil results, as we turn toward drilling.”