Page 86 - pd280-Mar20-mag-web_Neat
P. 86

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
   81   82   83   84   85   86   87   88   89   90   91