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Morning News Bites – Aug 11

In today’s Morning News Bites for August 11. Gage Roads Brewery is to establish a flagship venue in Fremantle, Western Australia. Clean up continues after storms hit NSW South Coast. Victoria record 331 new cases and another 19 deaths.

Anglo Australian Resources provided an update on the ongoing drilling program at the company’s Mandilla Gold Project, south of Kalgoorlie in Western Australia. The results from the first four diamond holes drilled include highlights of: 13.4m @ 7.02g/t Au from 180.4m in MDRCD228 plus 1.82m @ 15.71g/t Au from 222.28m and 10.9m @ 1.52g/t Au from 196.2m in MDRCD229 plus 15.55m @ 1.12g/t Au from 260.45m. Managing Director Marc Ducler said: “We are keenly waiting assay results from the remaining holes in the program – with recently completed diamond holes intersecting albite/silica alteration, quartz veining and numerous occurrences of visible gold.”

Mandrake Resources Limited report the commencement of drilling targeting gold mineralisation at the Berinka Pine Creek Gold Project in the Northern Territory. Limited historical drilling at Terry’s prospect identified gold mineralisation – best intersections include: 4m @ 6.6g/t from 32m, 6m @ 3.8g/t from 18m and 5m @ 2.6g/t from 30m. Mandrake will be completing approximately 1,350m of RC drilling focused on strong gold anomalies derived from historic soil, rock chip and trench sampling across four separate prospects – Vegetation Anomaly, Terry’s Gap, Cross and Sandy Creek.

Phase 2 drilling at Mt Aubrey in Lachlan Fold Belt NSW has begun. Godolphin Resources Ltd report that the start of the drill programme (which was delayed by heavy rainfall in late July) has begun, with the first RC drill hole completed on Thursday 6 August. With a depth of 126 metres, intersecting good visible quartz veining. Drill samples from TMAR032 have been submitted to the laboratory for assay.

Drilling commences at historical high-grade gold mine, Mt Freda, located south of Cloncurry in Queensland. Ausmex report recent drilling results in this location, these include highlights of: 5m @ 7.90g/t Au incl 1 m @ 32.70g/t Au, 6m @ 4.80g/t Au incl 2m @ 13.2g/t Au and 1m @ 21.80g/t Au and 4m @ 6.30g/t Au incl 1m @ 19.20g/t Au. Mine planning, geotechnical and prefeasibility to commence after upgrade of Mt Freda

QEM Limited provided more highly successful results from recent independent processing test work at Julia Creek vanadium and oil shale project in North Queensland. Impressive vanadium extraction results achieved through testwork, including efficiencies up to 92% on shale ash, with a majority of extraction completed after 3 to 6 hrs. Further optimisation is possible and will be the focus of future programs. Managing Director Gavin Loyden said, “As Julia Creek has the potential to produce both vanadium and oil products, efficient extraction of both commodities is crucial for us to maximise the significant value potential we can derive from Julia Creek,”


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