News

Pantoro Limited advised today that its follow up RC drilling program at the recently discovered Panda Deposit has successfully extended mineralisation to the North and South, with mineralisation open in both directions along strike.
Results from the latest round of drilling include:

2 m @ 12.70 g/t Au.
2 m @ 9.10 g/t Au.
5 m @ 4.65 g/t Au.
3 m @ 9.41 g/t Au.
3 m @ 3.7 g/t Au.
3 m @ 4.12 g/t Au.
3 m @ 3.11g/t Au.

All drilling was focussed on potential open pit material, and as such the deposit remains open at depth. The deepest hole drilled to date is approximately 150 metres below surface returning 3 m @ 9.41 g/t Au suggesting continued high grades down plunge.
Commenting on the results, Managing Director Paul Cmrlec said: “Ongoing drilling at Panda has highlighted substantial strike and depth extensions beyond the initial discovery. Mineralisation has now been identified by drilling over a distance of approximately 530 metres and down to approximately 150 metres depth in the north. The deposit is shaping up to be another important ore source within the Scotia Mining Centre and further drilling will be undertaken to test the full extent of mineralisation and to define an initial Mineral Resource and Ore Reserve available for mining when operations recommence.
Pantoro has extended its drilling programs across multiple zones at Scotia as the real potential of the area has become clear. To date Pantoro has only completed exploration drilling outside of our resource development and extension activities at Panda and the Sailfish prospect on Lake Cowan. Both areas have produced outstanding results demonstrating the great potential for ongoing discovery at Norseman.”

A 36 METRE THICK ZONE OF SHALLOW GOLD MINERALISATION, INCLUDING 20m @ 2.3g/t gold from 64m.
Four-metre composite samples assay received for the first two RC drill holes targeting shallow gold mineralisation south of the historic Lord Nelson pit have been received, with gold mineralisation intersected in both drill holes.
Assay results include:

36m @ 1.6 g/t gold from 48m (SRC183) incl. 20m @ 2.3 g/t gold from 64m
4m @ 4.1 g/t gold from 112m (SRC182)

Managing Director, Matthew Bowles commented:
“These latest results from RC drilling 200m south of the Lord Nelson pit, confirm a new repeat lode of shallow gold mineralisation, up to 36 metres thick, which remains open along strike and down plunge. The mineralisation style of this new lode is the same as that of the Lord Nelson deposit and highlights the potential for a series of repeat lodes along the structural corridor that have never been systematically tested.
We see so much potential at Lord Nelson with high grade gold intersections in oxide, transitional and primary zones now extending the gold mineralisation footprint to over 870m. These results continue to highlight the presence of a large scale mineralised gold system, within the regional Edale Shear zone.”

Explorer and aspiring gold developer, Middle Island Resources Limited announced today updated resource estimates have been completed for the Shillington (including Shillington North) and Wirraminna gold deposits within the Company’s wholly-owned Sandstone gold project in the central goldfields of WA. The updated estimates follow completion of limited infill and extension drilling undertaken as part of the +30,000m 2020 exploration and resource definition drilling campaign at Sandstone.
The drilling, which is on-going, is exclusively focussed on the definition of additional open pit Mineral Resources prior to their inclusion for assessment as Ore Reserves in the project’s 2020 feasibility study (FS).
Managing Director, Mr Rick Yeates said“An increase of 27,800oz (or 52%) at the Shillington deposit is an extremely pleasing start in the Company’s plan to increase open pit Mineral Resources contributing to the FS.
 “Limited additional RC and diamond drilling is planned at Shillington to address two small areas still classified as Inferred that are anticipated to fall within the optimum FS pit. “The updated Shillington and Wirraminna open pit deposits will now be re-optimised to determine the Mineral Resource likely to contribute to the FS, the outcome of which is looking increasingly positive.
“The Two Mile Hill open pit Mineral Resource is in the process of being updated, and we look forward to providing that information in the very near future. Resource estimates for all remaining deposits (old and new) will be progressively provided as results from the Phase 2 drilling campaign are received and compiled.”

Genesis Minerals Limited announced today that a major new drilling program has commenced at its 100%-owned Ulysses Gold Project in Western Australia, focusing on the recently acquired Kookynie tenement package. The drilling program, which will continue over the remainder of CY2020, will comprise a combination of Resource definition and expansion drilling along the Ulysses to Orient Well corridor.
Results from this program will feed into a Feasibility Study on the development of a significant standalone gold operation at Ulysses, with ore to be sourced from a combination of known underground and open pit Resources. Genesis is targeting completion of this Feasibility Study in the first quarter of CY2021.
Initial drilling will focus on approximately 1.8km of strike containing the Admiral, Clark and Butterfly Resources (Figures 1 and 2), which are estimated to total 4.6Mt @ 1.7g/t gold for 246,000 ounces. Drilling will include Resource confirmation and strike and dip extensional drilling in both structural orientations. Exploration drilling targeting repeat structures will also be completed following pit mapping, further structural interpretation and 3D modelling.
Genesis Managing Director, Michael Fowler, said: “This is a hugely exciting program for Genesis, providing our first opportunity to test the highly prospective mineralised corridor that lies between our flagship Ulysses deposit and the Orient Well deposit, which lies roughly 15km to the south-east.
This corridor has been shown to be highly mineralised, with current Resources of 1.28 million ounces over five deposits and some exceptional targets for growth. We believe there is very strong opportunity to significantly expand our current Resource base to underpin a long-life, standalone mining operation at Ulysses.
Drilling is currently underway with one RC rig already up on site, and a diamond rig and second RC rig expected to arrive in the next month.
We will also be undertaking air-core drilling on a campaign basis over the rest of the year. This should deliver a steady stream of news-flow for Genesis over the coming months, ahead of the planned delivery of an updated Mineral Resource and Feasibility Study for the standalone Ulysses Project in the first quarter of CY2021."

Pantoro Limited advised today an intersection of very high-grade gold mineralisation from the Sailfish Prospect at Norseman.
Key Highlights

Drilling returned 8.1 m@ 67.29 g/t Au from 78.6 m downhole.
The intersection included 0.7 m@ 521 g/t and 0.25 m@ 252g/t Au.
3.9 m of core loss within the intersection is assumed to be O g/t in calculation of the weighted average ore interval. In general the core loss was adjacent to the very high grade core intervals within the broader intersection.
Other significant intercepts include 1.8 m @ 4.25 g/t Au, and 3.5 m @ 2.56g/t Au.
Confirms historical intersection of 1.5 m @461.47 gt/Au, drilled by Western Mining in 1992.

Commenting on the results, Managing Director Paul Cmrlec said: "These results from our initial eight diamond drill hole program at the Sailfish prospect on Lake Cowan highlights the immense exploration potential of the project, and in particular the likely presence of further very high-grade mineralisation that Norseman has been known for over many decades. Our exploration programs in these areas are in their very early stages and it is too early to speculate what the results may mean in the context of the broader project. Our geology team at Norseman continues to work with our key consultants to better understand the geometry and geological setting within the immediate area ahead of additional drilling. We are also working with our drilling contractors to increase the drill hole diameter in order to maximise core recovery in our future programs:'

Calidus Resources Limited announced today that it had received firm commitments to raise $25 million via a share placement. The bids received under the Placement exceeded the Placement Shares to be issued, and accordingly, some bids will be scaled to accommodate the strong demand. Proceeds of the Placement will be used to fund a dual strategy of commencement of works at the Warrawoona Gold Project in the Pilbara and enlarging the Company’s exploration programmes.
Calidus Managing Director Dave Reeves said: “This raising ensures Calidus can move quickly to maximise the full value of Warrawoona for shareholders. By pushing ahead with early construction works, we can maximise our ability to capitalise on the strong gold price and begin to generate cash flow. At the same time, we can ramp up our exploration program, which has significant potential to create further value.

Musgrave Minerals Ltd announced today assay results for a further seven reverse circulation (“RC”) drill holes from the current program at the new Starlight gold discovery. The Starlight link-lode at the Break of Day deposit is located on the Company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district. The drilling is focused on infilling and extending the new high-grade Starlight lode where mineralisation has been intersected over a strike of more than 115m and remains open down-dip and along strike.
Musgrave Managing Director Rob Waugh said “These are amazing gold grades to see in near-surface drilling. Our deepest holes to date are still in high-grade mineralisation at 200 vertical metres where Starlight remains open down dip. The bonanza grades near-surface will have a significant positive impact on future development at Break of Day.”

Mincor Resources NL advised that ongoing diamond drilling at the Cassini nickel sulphide deposit at Kambalda has returned another exceptional high-grade nickel intercept which yielded 15.4m at 4.7% Ni including a massive sulphide high-grade core of 8.6m @ 7.0% Ni.
Mincor’s Managing Director, David Southam, said the Cassini deposit was continuing to yield impressive high-grade, high-tenor nickel intercepts with ongoing drilling, clearly demonstrating its potential as a cornerstone deposit for the Company’s nickel restart plans.
“The estimated true width of this latest intersection at 13.2 metres means this is the highest value intercept that Cassini has delivered so far – a fantastic achievement by our exploration team,” he said. “The deposit continues to evolve and grow with recent diamond drilling highlighting the thickness and high-grade nature of the mineralisation in the CS5 channel, which was only identified relatively recently. Pleasingly, today’s result is 73m along strike from MDD329W2, which yielded 6.3m at 7.1% nickel. This shows the potential for Cassini to continue to grow as drilling continues to track the key nickel-hosting channels down-plunge, typical of all Kambalda komatiite-hosted nickel sulphide deposits.”

Genesis Minerals Limited announced today it has intersected significant high-grade gold mineralisation from recently commenced resource upgrade drilling from within and adjacent to the 760,000oz Ulysses Mineral Resource located 30km south of Leonora in WA.
Initial assay results from the recently initiated drilling program have been received from drilling at Ulysses West. Drilling is targeting areas within and adjacent to the current Resource boundary. A further 15,000m of drilling will be completed over the coming few months to upgrade the top 200m of the resource in preparation for mining. Drilling will target approximately 1,000m of strike and some 300m of down-dip extent within and adjacent to the current Resource envelope.
Results Include

9.05m @ 9.94g/t gold from 142.15m 19USDH079 ➢ including 5.6m @ 14.92g/t gold
3m @ 5.56g/t gold from 174m 19USDH080 ➢ including 0.87m @ 13.4g/t gold
1.73m @ 6.4g/t gold from 192.60m 19USDH081 ➢ including 0.68m @ 14.9g/t gold
6.24m @ 10.62g/t gold from 223.03m 19USDH083 ➢ including 4.63m @ 14.1g/t gold
6.14m @ 9.52g/t gold from 232.48m 19USDH085 ➢ including 2.82m @ 19.8g/t gold
3m @ 8.6g/t gold from 216m 19USRC378 ➢ including 2m @ 11.6g/t gold

Genesis Managing Director, Michael Fowler, said “Drilling has resumed and is now in full swing at Ulysses, with two rigs now operating to in-fill and extend the main Resource. A third rig should arrive over the next few weeks to speed up the program, which is essentially designed to upgrade the Resource in preparation for mining. The initial focus will be on upgrading the upper 200m of the Resource, although we will in time further test the edges of the Resource and further investigate potential down-plunge and strike extensions and repetitions. All of the information from the current program will be combined with recent drilling for inclusion in a Resource upgrade planned for Q4 this year.”
 

Gold Road Resources Limited, reported today the first gold bars were poured over the weekend at the Gruyere Gold Project (Gruyere), located approximately 200 kilometres east of Laverton in Western Australia. The three doŕe gold bars totalling an estimated 1139 oz were produced from the Carbon‐in‐ Leach CIL circuit.
Gold Fields Executive Vice President, Stuart Mathews, said: “The pouring of the first gold at a global Tier 1 gold mine like Gruyere is a significant achievement. Gruyere is a tremendous asset based on a world‐class orebody and a forecast long mine life. The Gruyere JV’s focus now shifts to the safe and successful ramp‐up to nameplate capacity to allow us to deliver full value to all stakeholders. I would like to acknowledge the outstanding safety performance of the construction team which achieved 3 million construction hours without a lost time injury.”
Gold Road Managing Director and CEO, Duncan Gibbs, said: “This weekend’s gold pour is a tremendous milestone given that the Gold Road team discovered the world‐class Gruyere orebody less than six years ago. Importantly, Gold Road joins the ranks of ASX‐listed gold producers as owner of a 50% stake in the world‐class Gruyere gold mine. Our work is far from done – we remain committed to exploring the highly prospective Yamarna Greenstone Belt to unlock the potential through the discovery of more resource ounces for Gruyere and new discoveries that could be developed as stand‐alone gold mines. I want to thank the entire Gold Road team and our Gruyere JV partner, Gold Fields, for the safe and successful delivery of first gold at Gruyere.”