ST GEORGE MINING
Managing director: John Prineas
Project: East Laverton
St George Mining announced that a diamond drill rig was now at theWindsor nickel sulphide prospect of the company’s East Laverton nickel sulphideproject where drilling of hole WINDD004 had begun. The drill hole isdesigned to test the extremely conductive down-hole electromagnetic plate WINRC016_v1,which the company said was the strongestconductor ever recorded at East Laverton. The drill hole is planned to a depthof 150m with the modelled plate at a target depth of 86m.
Managing director: Mike Jones
Project: Broken Hill
Location: 20km east of Broken Hill
Impact Minerals said it had received exceptional zinc-silver grades atits Red Hill project at Broken Hill. The latest results included 1m at 26.8%zinc, 2.8% lead and 133 grams per tonne silver, and 1m at 21.4% zinc, 0.8% leadand 31.5gpt silver, within a broader intersection of 5.1m at 10% zinc, 0.8%lead and 40.4gpt silver. Impact said the hit marked the first significant assayof Broken Hill-style mineralisation.
Managing director: Malcolm Norris
Avalon Minerals has reported high-grade copper results from the D Zoneorebody at the Viscaria project in Sweden. New results included 2.8m at 2.5%copper from 713.7m; 21.5m at 1.5% copper from 737.6m, including 3m at 2.3%copper and 9.9m at 2.2% copper; and 10m at 1% copper from 668.3m. The drillingwas outside the existing resource.
MOUNT RIDLEY MINES
Managing director: Robert Downey
Project: Mount Ridley
Commodity: nickel, copper
Location: Fraser Range, WA
Mount Ridley Mines has reported a narrow stringer of semi-massivesulphide mineralisation at its namesake project in the Fraser Range. PortableXRF Niton results confirm the presence of nickel grading up to 5.4% and coppergrading up to 1.2%, but assays are pending. Following the completion of theacquisition of the Honeymoon uranium project in South Australia, Boss Resourceshas released an exploration target. The company has announced a target of 32-78million tonnes at 450-1400 parts per million uranium oxide for 42-100 millionpounds of uranium. The project already has a 16Mlb resource.
Technical director: Mark Calderwood
Explaurum announced gold hits grading up to 30gpt from its Tampiaproject in Western Australia. Results from 12 holes included 8m at 10.02gpt goldfrom 12m; 7m at 30.08gpt from 40m; 2m at 26.72gpt from 2m; and 14m at 8.75gptfrom 51m. The company is currently completing a 45-hole reverse circulationprogram at the northern Gault deposit. Gault has an inferred resource of 310,000ounces of gold at 2gpt.
WHITE CLIFF MINERALS
Managing director: Todd Hibberd
Location: Kyrgyz Republic
Assays from White Cliff Minerals Aucu deposit in the Kyrgyz Republichave continued to return bonanza results. A new result from the Upper Gold zonedelivered 8m at 55.2 grams per tonne gold from 76m, including 1m at 89.9gptgold.
WEST AFRICAN RESOURCES
Managing director: Richard Hyde
Location: Burkina Faso
West African Resources has reportedfurther shallow oxide reverse circulation results from its M3 prospect at the100%-owned Tanlouka gold project in Burkina Faso. RC drilling at M3’s easternzone returned an oxide result of 15m at 1.2 grams per tonne gold, including 7mat 2.2gpt gold from 4m, which extends shallow oxide gold mineralisation to thenorth by 150m.
Managing director: Trevor Dixson
Project: Merton’s Reward
Kin Mining has announced ahigh-grade gold intersection from drilling at Merton’s Reward, with the maidendrill campaign defining an extension to the ore zone (1.08 million tonnes at2.6gpt for 91,000 ounces) with a high grade intersection of 5m at 7.99gpt gold from59m, including a higher grade interval of 1m at 24.7gpt gold. Merton’s Reward is part of the Leonora gold projecthosting the Cardinia, Mertondale and Raeside gold deposits, which Kin acquiredearly last year for around $2.7 million. This equates to an acquisition cost of$2.63 per resource ounce.
Managing director: Matt Shackleton
Project: Lake Wells
Goldphyre Resources’ seismic survey across the Lake Wells potashproject in the Western Australian Goldfields has confirmed the presence ofextensive paleovalley up to 170m deep.
Peak depths surveyed ranged from 150-170m with the base sedimentsclearly delineated, which will allow the company to accurately target thedeepest sections of the paleovalley in planned follow-up drilling.
Executive director: Justin Brown
Montezuma Mining has announced selected intervals from the first threeRC holes drilled at the Yamarna project have returned multiple ore grade interceptsincluding high grades of up to 19.1gpt gold. The company said the high-grade gold occurred in zones of intensely alteredgreenstones with strong silica, carbonate, pyrite, sericite alteration. The mineralisationhas all the hallmarks of a mesothermal shear hosted gold system with potential forlarge scale.