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DRILL BITS
DRILL BITS

Meteoric heads to from 158m. Sarama on the raise
Follow-up drilling is being planned to
Halls Creek fully test the lateral extent of the minerali- Sarama Resources Ltd has launched a
sation and will be undertaken in the com- private placement to raise up to $C3 mil-
Stage 1 drilling at the Palm Springs gold ing months. lion for works at the South Houndé gold
project, 30km from Halls Creek in Western Meanwhile, aircore drilling close to the project, Burkina Faso.
Australia, was set to start in August, ac- proposed mill and future tailings dam sites Among the priorities for the company is
cording to Meteoric Resources NL. had started in mid-July, and areas west of high-value oxide-focused exploration drill-
The company’s newly acquired Palm the Aphrodite, Mayday North and North ing and general technical work to support
Springs project will be subject to 6,500m Kanowna Star will also be tested. development options.
of both RC and diamond drilling at Butch- A multi-pronged 40,000m drill pro- “We are seeing an increased interest
ers Creek. gramme has been planned, targeting po- in and consolidation of gold assets and
Stage 1 drilling at Butchers Creek will tential new discoveries, with DFS and pro- companies in West Africa and at the cur-
target high-grade mineralisation below the duction scenarios progressing. rent gold price there are multiple paths
shallow open pit at depth and down plunge that Sarama is exploring to significantly
to the south. increase the value of our assets,” the com-
Drilling along strike south of the Butch- Red Metal gets busy pany stated.
ers Creek open pit intercepted 73m @ Red Metal Ltd announced firm commit-
2.26 g/t gold from 169m and 36m @ 2.5 ments had been received for a $3 million
g/t from 168m, with the down plunge po- capital raising. Hot Chili brings the heat
tential untested to date. The funds will be dedicated to drilling ad- in Chile
Historic holes targeting unmined zones vanced targets identified by the company,
immediately below the Butchers Creek with a 2D seismic trial over the Maronan Maiden resource estimates for Cortad-
open pit intercepted 17m @ 9.31 g/t gold, silver-lead project (Queensland), magne- era and San Antonio remained on track for
17m @ 4.2 g/t and 10m @ 17.65 g/t. totelluric surveying for large copper-gold late July, Hot Chili Ltd reported.
Meteoric hopes to get a handle on the breccia systems on Corkwood (Queens- Diamond drilling continued to provide
structural controls at Palm Springs through land) and ground electromagnetic surveys strong encouragement for Hot Chili at Cor-
Stage 1 drilling at Butchers Creek and has on the new Pardoo nickel-copper project tadera, Chile, with more high-grade copper-
already started generating regional targets in Western Australia. gold results.
for the Stage 2 programme. A strongly mineralised porphyry over
a broad 220m zone in CRP0016D was
Big hit from Bardoc detected and a 350m diamond tail in CR-
P0016D was designed to test the potential
Bardoc Gold Ltd reported an intercept for a significant up-dip extension to the
of 37m @ 6.21 g/t gold from RC drilling at southern flank of the high-grade copper-
Aphrodite within the 3 moz Bardoc project, gold core.
40km north of Kalgoorlie in Western Aus- Meanwhile, diamond drill hole CR-
tralia. P0042D recorded approximately 330m of
The 1.68 moz Aphrodite gold deposit is mineralised porphyry, but the mineralised
comprised of multiple lodes, including Al- hole was terminated early owing to signifi-
pha, Phi, Epsilon, Sigma and Omega. cant deviation from its intended target and
Recent results from Omega have re- will be re-entered for a wedge hole at a later
vealed the untested potential at the lode, date.
which is believed to be narrow and high A third diamond drill hole (CRP0043D)
grade, some 20-40m from the Phi lode. was in progress at the time of print testing a
Other highlights from drilling at Omega major up-dip extension to the northern flank
included 7m @ 8.95 g/t gold (including 4m Sarama launched a private placement to raise of the high-grade copper-gold core.
@ 15.07 g/t from 132m) and 4m @ 5.24 g/t $C3 million for drilling at the 2.1 moz (inferred) Hot Chili raised $3.9 million earlier this
South Houndé gold project in Burkina Faso

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