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DRILL BITS bostech.com.au
ReGIonAL RoUnDUPExploring together for success
Jaguar shows some bite HUD001 returned 54m @ 0.84 g/t gold permits for drilling, camp, environmental
from 116m (including 5m @ 5.76 g/t from and other necessary approvals from the
Drilling by Centaurus Metals Ltd at the 128m and 23m @ 0.76 g/t from 224m). Alaska Department of Natural Resources
Onça Rosa prospect, part of the Jaguar Both holes intersected a broad package (DNR).
nickel project in Brazil has intersected of strongly altered volcaniclastic rocks with Nova is targeting extensions at Estelle,
semi-massive to massive sulphides, re- associated zinc and lead sulphides, con- on the Tintina belt, where an inferred re-
turning 9.3m @ 3.13% nickel, 0.19% cop- sistent with McPhillamy’s style gold miner- source totalling 2.5 moz at Korbel blocks
per and 0.08% cobalt from 281.8m in JAG- alisation. A and B (one of 15 known occurrences) is
DD-20-017. Mineralisation in HUD002 was visibly open in all directions, with drilling focused
The intersection confirms the continu- stronger and included visible gold. The on block B, which is the potential starter
ity of mineralisation 40m down-dip from company said the results from HUD002 in- pit.
historical Vale drill hole PKS-JAGU- dicated the potential for a high-grade gold Nova aims to increase the size and up-
DH00158, which intersected 7.9m @ system at the Hume, with follow-up drill grade the resource to measured and in-
5.27% nickel, 0.26% copper and 0.11% planned. Sky was trading at 24c/share in dicated status, while additional resource
cobalt from 247m. mid-February after starting the year at 9c/ development drilling will also be carried
JAG-DD-20-020, which is more than share. out on blocks A, C, D, Cathedral, and the
100m along strike from JAG-DD-20-017, RPM prospect.
has intersected 8m of semi-massive sul- Croydon on the board Exploration at Shoeshine and other
phides, providing further evidence of the with maiden drilling satellite prospects will also continue to ad-
strike continuity and significant growth po- vance the pipeline of projects across the
tential at Onça Rosa. Maiden drilling at Croydon in the Mal- district.
Onça Rosa is a largely untested 600m- lina Basin has resulted in a high-grade
long FLEM conductor plate coincident with intercept of 8m @ 10.2 g/t gold (including Oklo close to Seko
a ground magnetic anomaly and high nick- 1 m @ 66.1 g/t), as reported by CozIron resource
el-cobalt soil geochemical ratios, which Resources Ltd.
are indicative of nickel sulphides. Downhole intercepts greater than 0.3 Assays from two step-out diamond
Three rigs are on site operating on dou- g/t gold were reported in 11 of the 13 RC holes from the expanded drilling pro-
ble-shift at Onça Rosa as well as at the holes drilled during a recent exploration gramme over the northern portion of SK1
Jaguar South and Onça-Preta prospects. programme. at Seko have been reported by Oklo Re-
CozIron Ltd plans follow-up drilling on sources Ltd from Dandoko in west Mali.
Sky high results this discovery in Western Australia’s north Down-dip continuity of the high-grade
and other emerging prospects in the Mal- gold mineralisation was confirmed in both
Sky Metals Ltd’s share price surged last lina Basin after an encouraging start. holes, with significant intersections includ-
month on the back of potential McPhilla- “The abundance of intercepts underly- ing 30m @ 8.54 g/t gold from 135m (in-
my’s style gold mineralisation reported at ing the broad area of surface gold anomal- cluding 7m @ 30.69 g/t from 142m) and
the Hume prospect within the Cullarin pro- ism indicate the potential for a large gold 13m @ 15.8 g/t from 91m (including 4m @
ject, 20km west of Goulburn, New South system that includes anomalism extending 46.65 g/t from 92m).
Wales. into the adjacent Middle Camp and Bottom Oklo has now confirmed gold minerali-
Results from two diamond core holes Camp prospects that are hosted in similar sation down dip to 170m (vertical depth of
drilled about 200m apart to test and ex- geology,” CozIron chairman Adam Siera- about 130m) and remains open at depth.
tend the scale and tenor of gold minerali- kowski said. Results from the expanded programme
sation recorded in historic drilling included over the northern part of SK1 and deeper
HUD002: 93m @ 4.24 g/t gold from 56m Nova heads for B block RC and diamond resource drilling at SK2
(66% recovery), including 36m @ 2.88 g/t and SK3 were expected at the time of
from 56m (28% core recovery), 14m @ at Korbel print, with all new Seko results to be incor-
20.2 g/t from 92m (63% core recovery) Nova Minerals Ltd is clear to start ground porated into the maiden resource estimate
and 43m @ 1.3 g/t from 106m (about 95% activities on its Estelle gold project in Alas- scheduled for completion in Q2 2020.
core recovery).
ka after receiving all necessary regulatory Meanwhile, reconnaissance aircore
Exploring together for success
Page 86 MaRCH 2020 aUSTRaLIa’S PaYDIRT

