Page 79 - pd301-Feb22-mag-web_Neat1

www.capdrill.com www.capdrill.com

zinc equivalent from 142m. and remains open at depth,” Cannon chief the “very long” assay turnaround times of
Another encouraging intercept of 40m @ executive Steve Lynn said. up to 14 weeks being experienced across
3% zinc equivalent was recorded at Cou- “Downhole EM results from the new the industry.
gartown West. holes complement these deeper intercepts “With the recent determination of the Al-
Red River has earmarked Liontown and indicate there is substantial upside with bion process as our preferred processing
(current resource of 4.1mt @ 12.7% zinc further infill drilling as well as extensional method for the high-grade sulphide-asso-
equivalent) as the likely third deposit for its drilling along the southern resource mar- ciated orebodies at Youanmi, which show
Thalanga operations. gin.” we can likely achieve metallurgical recover-
Camelwood’s resource currently stands ies around 95% (92.2% average for under-
Cannon plunges deeper at 2mt @ 2% nickel. ground), we are well positioned to benefit
from the increased resource,” he said.
into Camelwood Rox moves early on
Drilling has extended the mineralisation Youanmi resource Party time for Carnavale
at Camelwood, one of the key prospects at Carnavale Resources Ltd is the lat-
Cannon Resources Ltd’s Fisher East nickel Rox Resources Ltd has added 1.34 moz est explorer to find drilling success in the
project in Western Australia. to the resource at its Youanmi gold project, Kookynie district, returning several high-
Cannon reported diamond drilling inter- which has now surpassed 3 moz. grade intercepts in January.
sected southerly down-plunge extensions Drilling results to the end of October were Kookynie – 100km north of Kalgoorlie –
to mineralisation at Camelwood, including included in the resource update which in- has been the subject of recent success by
hits of 4.67m @ 2.31% nickel from 434.33m corporated a 156% uplift in the Youanmi the likes of Genesis Minerals Ltd, Nex Met-
and 0.71m @ 3.26% nickel from 728.85m. Deeps resource. als Ltd and Metalicity Ltd.
Nickel mineralisation at Camelwood re- The company reported an estimated $7/ Carnavale appears to have joined them
mains open in all directions at depth, with oz discovery cost as part of the resource after returning assays of 16m @ 20.92 g/t
the southern plunge the most prospec- update. from 161m, 4m @ 17.82 g/t from 78m and
tive zone for further drilling and resource Results from the last few months of the 3m @ 3.27 g/t from 109m at its McTavish
growth. recent drilling campaign at Youanmi Deeps East prospect.
“These results follow on from our suc- were not included in the resource. The results came from the first 10 holes
cessful drilling programme at Musket and Rox managing director Alex Passmore of a 21-hole RC programme at McTavish
now confirm that the Camelwood miner- said the company made the decision to East with the remaining assays expected
alisation extends down-plunge to the south publish an interim updated resource given before the end of January.

Cannon has extended the nickel
mineralisation at both Musket (pictured)
and Camelwood, part of its Fisher East
project
Carnavale shares shot up more than 80% on news of high-grade hits at Kookynie

Complete

Mining Services

Contact us to discuss your project info@capdrill.com | www.capdrill.com

aUSTRaLIa’S PaYDIRT FeBRUaRY 2022 Page 79