Apollo Minerals
Executive Chairman: Richard Shemesian
Project: Fraser Range
Commodity: Nickel
Location: WA, 100km E Norseman
Apollo has completed a detailed review of its Fraser Range project data-set in southeastern WA and a work program including high powered EM surveys and drilling has commenced.
Independent evaluation of data by Apollo’s technical advisory board has confirmed multiple nickel target areas, but the initial exploration will focus on the high-ranking Plato and Oceanus prospects.
The staged exploration program will mirror techniques and procedures successfully applied by Apollo’s neighbour Sirius Resources at their Nova deposit including the use of high powered EM surveying.
The company plans up to 3000m of drilling on its priority targets, with the WA Government EIS funding up to $150,000 of drilling on Oceanus.
Horseshoe Metals
Managing Director: Neil Marston
Project: Horseshoe Lights
Commodity: Copper-Gold
Location: WA, 140km N Meekatharra
Horseshoe Metals’ ongoing resource and exploration drilling program has retuned high grade copper assay results at its 100% owned Horseshoe Lights copper-gold project in the Gascoyne.
Assay results included: 27m at 3.4% Cu, including 3m at 17.7% Cu and 1m at 7.7% Cu; and 17m at 1.1% Cu, including 2m at 2.3% Cu and 1m at 3.2% Cu in drill hole RC1135.
These results came from resource drill holes in the North West Stringer Zone and confirmed the robustness of the existing mineral resource block model, and copper mineralisation continues to be intersected outside the existing resource model, highlighting the project’s expansion potential.
The company plans to update its mineral resource following the conclusion of the current drill program. 3955m has been drilled across 35 holes in the current drill program at Horseshoe Lights, designed to add copper tonnes and grade to the existing model.
Gold Road Resources
Executive Director: Justin Osborne
Project: Gruyere
Commodity: Gold
Location: WA, 150km E Laverton
Gold Road’s WA EIS co-funded deep diamond drill hole 15EIS001, currently in progress, has intersected the Gruyere Porphyry at a downhole depth of 1390m, approximately 65m earlier than the interpreted target depth.
A total of 26m of porphyry has so far been intersected, with drilling in progress to a planned end-of-hole depth of 2000m. The hangingwall contact with an intermediate volcanic sequence is approximately 1110m below surface and approximately 680m downdip of the current mineral resource of 5.51Moz of gold.
Visual inspection of the drill core observed alteration in the porphyry is similar to the alteration typical of the existing resource, with strong sericite-albite alteration, quartz veining, and pyrite-pyrrhotite sulphides prominent in the portion of Gruyere drilled so far.
The intersection of the Gruyere Porphyry at almost twice the current known depth of mineralisation demonstrates the potential size and scale of the Gruyere mineralised. Logging has commenced and first assays are expected in the September 2015 quarter for
15EIS001.
Aruma Resources
Managing Director: Peter Schwann
Project: Glandore
Commodity: Gold
Location: WA, 40km E Kalgoorlie
Aruma has been successful in its application for Round 11 of the WA Government’s co-funded exploration drilling program under the EIS and will use the funds to strategically drill its Glandore gold project.
The deep diamond drill hole is designed to test four large-scale parallel mineralised structures. Aruma secured funding for 50% of the direct cost of drilling this single deep hole, which could amount to $200,000.
All appropriate approvals have been completed and once agreements have been signed, drilling will commence the objective of defining the stratigraphy and nature of the mineralised structure in the Glandore area.
The company said this would assist in understanding the prospectivity of the untested strike of the structures and, additionally, would reveal the stratigraphy of the geological units to the east of the outcropping Glandore antiform that has been largely unknown due to the lake cover.
Alligator Energy
Chief Executive Officer: Rob Sowerby
Project: Arnhem Land
Commodity: Uranium
Location: NT, 300km E Darwin
Highly prospective uranium targets, defined by Alligator Energy, will be drill tested on its Arnhem Land tenements in an extensive drilling program to commence shortly.
Key targets include a potential 200m Southerly extension of the high-grade Beatrice prospect as well as two new targets, BT4 and BT1, identified by specialised geophysical and radiometric surveys. The exploration work will also focus on highly anomalous targets coincident with a geophysics defined anomaly and structure at TCC4 on the Tin Camp Creek project.
Drilling on these targets is planned to commence in early September, with a light drill rig drilling up to 5000m under the relatively thin cover using a combination of shallow air-core and deeper diamond core drilling techniques.
The Beatrice prospect has previously produced high-grade intersections, including 19m at 3626ppm (0.36%) U3O8. The prospect is open to the north with a potential plunge and remains open to the South under younger shallow sediments.
