Significant Assays at Bardoc’s Zoroastrian Site
Bardoc Gold Limited (BDC) has reported significant new assay results from recent exploration and in-fill drilling at the cornerstone 526koz Zoroastrian Deposit, part of its 100%- owned 3.03Moz Bardoc Gold Project, located 40km north of Kalgoorlie in WA.
New drilling results from the northern end of the Zoroastrian Deposit have extended the mineralisation further to the north outside of the current Mineral Resource model and have provided the impetus to expedite a diamond core rig to site to further evaluate this emerging area.
The drilling has identified a significant zone with a standout intercept of 89m @ 1.43g/t Au from 192m, which is interpreted as the development of multiple footwall lodes within the Royal Mint Lode.
This intersection is the broadest zone of mineralisation recorded at Zoroastrian and highlights that the cornerstone deposit still has areas that can yield significant widths of strong gold mineralisation, providing considerable upside for future mining and exploration activities.
Bardoc Gold’s Chief Executive Officer, Mr Robert Ryan, said the standout intercept of 89 metres at 1.43g/t, including several higher-grade zones, is the widest seen at Zoroastrian to date and one of the better exploration results to be generated across the Bardoc Gold Project. He said, “Importantly, our recent drilling has shown that the northern end of the deposit is shaping up as an important growth opportunity for the Company. We are seeing broad widths of mineralisation rarely seen at Zoroastrian, with the recent results clearly demonstrating that there is significant potential to extend the Mineral Resource well beyond the current 526koz.
BHP Releases Quarterly Report
BHP (BHP) announced in their September 2020 quarter, Atlantis Phase 3 achieved first production ahead of schedule and on budget. Given this, the progress of Atlantis Phase 3 will not be reported in future Operational Reviews.
The Jansen Stage 1 project in Canada is expected to be presented to the BHP Board for Final Investment Decision in the middle of the 2021 calendar year. As a consequence of the challenges encountered earlier with placement of the shaft lining and then the more recent impacts from our COVID-19 response plan, the Board has approved additional funding of US$272 million for the completion of the shafts, resulting in a total budget of US$3.0 billion (previously US$2.7 billion).
Jansen Stage 1 remains well positioned with attractive medium to longer-term commodity fundamentals, and is set to be a high-margin, low-cost, long-life asset, with multiple, basin-wide, expansion opportunities. As always, we will be disciplined about our entry into the market and it must pass our strict Capital Allocation Framework tests.
At the end of the September 2020 quarter, BHP had five major projects under development in petroleum, copper, iron ore and potash, with a combined budget of US$10.9 billion over the life of the projects.
BHP Chief Executive Officer, Mike Henry: “BHP has started the new financial year with a strong first quarter of safety and production performance. Group production rose two per cent from a year ago driven by solid results in metallurgical coal and iron ore, our major growth projects made good progress, and we secured more options in copper, nickel and oil.”
Vango Release Significant High-Grade Intersections at Marymia Gold Project.
Vango Mining (VAN) has released new, high-grade, drilling results. The new lode intersections both confirm and extend the recent K1 lode discovery, in the PHB Corridor, to potentially over one kilometre, open at depth.
The results are from the final eight of 11 broad spaced reverse circulation holes at K1, part of the current 36,000m drilling program on the Marymia Project, and are in addition to the previously reported 6m @ 8.66 g/t Au, incl 2m @ 23.8 g/t Au from 128m, that lies 500m to the southwest along strike within the targeted Mine Mafic unit.
Managing Director, Mr Andrew Stocks, commented: “These results are highly significant as they validate our approach to targeting mineralised structures where they intersect the highly prospective Mine-Mafic unit at what is still a relatively shallow depth. These results give us confidence that we will continue to expand our open pit and high-grade underground resource base at the Marymia Project.
Vango Mining is an exploration mining company with ambitions of becoming a high-grade WA gold miner by developing the 100% owned Marymia Gold Project (Marymia) located in the mid-west region of Western Australia, consisting of 45 granted mining leases over 300km2. Marymia has an established high-grade resource of 1Moz @ 3 g/t Au, underpinned by Trident – 410koz @ 8 g/t Au3, with immediate extensions open at depth/along strike.
Estrella Shares Up ~50% on Release of Survey Result.
Estrella Resources Limited (ESR) released an update to the market with results of the highly anticipated Down-Hole Transient Electro-Magnetic (DHTEM) survey of diamond core hole CBDD030 which intersected significant massive Ni-Cu (and PGE) bearing sulphides deep below the T5 discovery zone at the Company’s flagship Carr Boyd Project. The T5 Prospect is located 1.1km NE of the historic Carr Boyd nickel mine and was identified in 2019 following successful RC drilling of a HP FLTEM anomaly.
Chris Daws, CEO stated “This has been an astonishing result for the Company and its shareholders who have all been rewarded through patience, persistence and belief. The results of the DHTEM now support the mineralised sulphides seen in the drill core, which is currently in the laboratories being cut, sampled and priority assayed. It is open in all directions and will be chased by immediate further drilling.
“The core was only recovered from the field by the Company’s consulting geologist Neil Hutchison last weekend and showcased the next day at the Diggers and Dealers conference. The results of the DHTEM have put to rest any of my concerns about scale and we are now eagerly awaiting the assay results to get a clear understanding of the potential of this discovery.
“Planning and scheduling of the next round of holes to further test this zone is well underway, as we await the completion of hole CBDD031 which is the final hole of the Stage 1 drill program. It is being drilled 600m north of the discovery hole into a blind basal contact position in the same manner as CBDD030 and will provide critical geological and geophysical data to assist in unlocking and understanding the potential of the T5 Prospect discovery zone”
Venturex Resources Gets Exploration Back on Track
After experiencing an unavoidable delay to exploration drilling Venturex Resources (VXR) has advised that the contactor is now on site and first hole will commence on the 21st October 2020.
The Sulphur Springs Project is located south-east of Port Hedland and includes the proposed Sulphur Springs and Kangaroo Caves mines, together with tenements covering ~27km of the Panorama trend that contains numerous advanced VMS-style exploration targets. The Sulphur Springs Project hosts a total Mineral Resource (Sulphur Springs + Kangaroo Caves) comprising 17.4 million tonnes grading 1.3% copper, 4.2% zinc and 17g/t silver.
The planned program is designed to follow-up on the exceptional results generated from 2019 drilling at the advanced Breakers Prospect as well as to test the Heli-borne Electromagnetic target XA8, where previous drilling intersected anomalous Ni-Cr mineralisation.
The program will commence at the XA8 prospect with two drill holes planned to test the down- plunge and along-strike continuation of a DHEM target and associated Ni-Cr mineralisation previously intersected at the XA8 Prospect.
Following XA8 they will target the Breakers prospect where four drill holes are designed to follow-up the along-strike and down-plunge continuation of massive sulphide mineralisation intersected at the Breakers Main Gossan, including the thick, high-grade intersection within (18m @ 7.75% Zn).
An additional two drill-holes will also be completed to follow-up zinc-rich mineralisation intersected in BKR007 (8m @ 3.37% Zn) at the Breakers North target, located approximately 1.1km NNE of the Breakers Main anomaly.