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Morning News Bites – May 14

Unemployment in Australia set to see increases based on COVID-19 restrictions on businesses

 

  • Civmec awarded significant scope of work for Rio Tinto’s Robe Valley sustaining project in the Pilbara, Western Australia.

This will involve supply, fabrication, modularisation, transportation to site, erection, modification, installation, and commissioning of structural, mechanical, piping, electrical and instrumentation, and communication work for the Mesa A Wet Plant “Rio Tinto has always been a good client for us and we have a long history of supporting the safe, high quality and timely delivery of their projects in Western Australia and Queensland, across construction, manufacturing and maintenance. We are very pleased to have secured this opportunity to partner with them again.” According to Patrick Tallon – CEO Civmec.

 

  • New results from a drill program at Carawine Resources Hill 800 in Victoria, Australia; reveals high grade assays including

67m @ 2.94g/t Au, 0.1% Cu from 231m (cut to geological boundaries), including:

48m @ 0.89g/t Au, 0.1% Cu from 231m (0.3g/t Au cut-off), and;

11m @ 13.9g/t Au, 0.2% Cu from 287m (0.3g/t Au cut-off), including: 2m @ 74.8g/t Au, 0.4% Cu from 290m (1g/t Au cut-off).

Managing Director of Carawine Resources David Boys said “Hill 800 remains open to the south, and at depth, with these latest results establishing a zone of extremely high gold grades within a broad, lower grade gold-copper mineralised system. We will now commence further technical studies including petrology, multi-element geochemistry and three dimensional modelling to evaluate the next steps for Hill 800, which may include additional extensional drilling and/or deeper drilling to search for its interpreted porphyry source,”

Carawine will also focus on exploration at its Pattersons and Fraser Range projects in WA where it’s believed drilling will commence later this quarter.

 

  • A maiden resources has been announced for Big Four Gold Project with Ardea resources near Goongarrie in Western Australia.

The target revealed back in January has shown some promise with 178 kt at 2.7 g/t gold, (0.5 g/t Au cut off) for 15,300 oz gold. Managing Director Andrew Penkethman said  “Ardea is highly encouraged by the maiden Big Four Gold resource, especially given that we only drilled the target for the first time in January this year. The resource confirms the gold prospectivity of the Bardoc Tectonic Zone (BTZ) within Ardea’s extensive tenement base. The Big Four gold mineralisation was exposed in old workings at surface, but most of the BTZ structure on Ardea’s tenements is hidden by transported sediments and the development of the laterite profile. Ongoing exploration for gold within Ardea’s Eastern Goldfields tenements is expected to define multiple new zones of mineralisation.”

  • A reanalysis of data including historical soil, RC and aircore drilling has revealed target areas at Strickland for Arrow Minerals project 180km north of Southern Cross in the Eastern Goldfields of Western Australia.  Arrow’s Managing Director, Mr Howard Golden, said: “Reanalysis of results from over 40,000 multielement soil, RC and AC geochemical samples collected by Arrow geologists over the past three and half years has paid off. The interpretation the multielement analyses has resulted in the identification of three quality target areas at Strickland that show significant copper, gold, silver and zinc anomalism that is typical of VMS and intrusion related copper-gold deposits”.
  • Andrew Forrest`s private family commercial group – Minderoo has been renamed Tattarang. According to a release and the Tattarang website, The group’s name and logo pays tribute to a fiery stallion of the same name that was cherished at the Forrest family’s Minderoo Station in the 1950s.It signifies the unique bond of trust that is formed between a rider and their horse and the seriousness with which each party invests in caring for and protecting the other.

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