Tanami Gold nails 3.8m at 268.34g/t gold in | Australian Markets

This version of Bulls N’ Bears Large Hits examines some notable drill intercepts revealed on the ASX, together with Tanami Gold’s Central Tanami project that intersected 3.80 metres at 268.34 grams per tonne (g/t) gold from 317m. James Bay Minerals’ Independence gold project in Nevada, Lode Sources’ Montezuma antimony project in Tasmania and Titan Minerals’ Dynasty gold-silver project in Ecuador additionally reported attention-grabbing drilling hits final week. Let’s dive in.

Tanami Gold NL

Jims gold mine, Central Tanami project, Northern Territory.

Hit: 3.80m at 268.34g/t gold from 317m

A four-hole reverse circulation pre-collar/diamond core tail drilling program was accomplished by Tanami Gold at Jims gold mine within the Northern Territory during the 2024 area season for a complete of 1712.50m of drilling to higher outline mineralisation within the northern half of the mine’s principal deposit.

Along with the headline hit, all three remaining holes reported a number of important intercepts, together with a second-best run of 11.96m at 2.34g/t gold from 260.66m and 11.45m assaying 2.24g/t gold from 276.05m.

The third best gap yielded 2m going 6.20g/t gold from 250m, 1.67m at 7.27g/t gold from 322.52m, 7.25m working 3.57g/t gold from 342.75m and a closing hit of 10.79m assaying 3.79g/t gold from 361.46m.

The fourth gap gave up 6.5m at 1.73g/t gold from 247m and 12.41m going 1.69g/t gold from 256.77m.

This system shaped half of an in depth drilling marketing campaign undertaken final 12 months throughout a number of targets within the company’s Central Tanami project, which is a 50:50 three way partnership between Tanami Gold and Northern Star Sources.

The three way partnership was established to advance exploration throughout the 2108 sq. kilometre tenement space the company holds within the Northern Territory’s Tanami area.

It primarily goals to develop and mine the Groundrush gold deposit, together with every other gold deposits that could be outlined within the Central Tanami project ground.

The drilling outcomes offer precious insights into the tenor, geometry and extent of the gold mineralisation within the focused space, most notably the incidence of very high gold grades related to a kilometre-long, north-south trending construction the place outcomes point out a shallow northerly plunge.

The gold deposits at Jims gold mine lie on the northeastern facet of an interpreted north-northwest trending regional fault. The mineralisation is hosted by pillow lavas and undifferentiated basalt intercalated with minor sediments.

The mineralised development on the Jims principal deposit strikes north-south, initially dipping reasonably to steeply west within the higher portion of the deposit earlier than transitioning to a steep to eastward dip under about 80m depth.

The principle ore zone varies considerably in true thickness from 15m to 25m and, in some areas, increasing to 60m. The strike size of the Jims principal zone is about 300m and it’s at present interpreted to increase to 250m under floor.

Tanami Gold views the drilling outcomes as justifying additional exploration and is already planning exploration for its 2025 area season, with drilling anticipated to kick off within the Central Tanami project in Could.

James Bay Minerals

Independence project, Nevada, United States

Hit: 51.8m at 0.9g/t gold from 12.2m, together with 3.1m at 7.9g/t gold with a peak run of 1.5m assaying 9.4g/t gold.

James Bay Minerals drilled a best run of 51.8m at 0.9g/t gold from 12.2m, together with 3.1m at 7.9g/t gold with a peak run of 1.5m assaying 9.4g/t gold from one of 5 reverse circulation drill holes put into its Independence project in Nevada.

This system examined for extra mineralisation adjoining to the company’s present mineral useful resource estimate.

Together with the headline hit, all 5 holes met their goals, figuring out gold mineralisation in two discrete areas outdoors the envelope of the mineral useful resource estimate, together with from the company’s first and solely gap in a precedence space south of its Insurgent Peak goal.

4 holes put into the western Yukon Hill space primarily focused high-grade mineralisation within intrusion-related breccias, gaps within the mineral useful resource estimate and high-grade gold mineralisation in constructions adjoining to intrusive dykes.

All 4 holes at Yukon Hill intercepted gold, together with the 51.8m headline hit. Usually, extensive intercepts of near-surface mineralisation had been intercepted, with inside structurally managed high-grade components.

A second gap drilled 50m west of the headline gap nailed 12.2m assaying 1g/t gold from 89.9m and 16.8m at 0.8g/t gold from 115.8m, together with 1.5m at 4g/t gold.

A 3rd gap probed about 140m southeast of the headline gap reported low-level gold in three intercepts, together with 3m at 0.3g/t gold from 57.9m, 1.5m at 0.3g/t from 100.6m and 3m at 0.4g/t from 105.2m.

A fourth gap drilled about 50m south of the highest hit landed a 53.3m intercept going 0.5g/t from floor, together with 3.1m at 1.8g/t gold.

Most earlier drilling has focussed on near-surface high-level epithermal-style mineralisation throughout the southwestern half of the project spanning the Yukon Hill and South Hill targets.

Within the east of the project space, close to and south of Insurgent Peak, latest rock chip sampling recognized beforehand unrecognised high-grade mineralisation, with outcomes together with 16.6g/t gold, 14.5g/t gold, and 11.7g/t gold.

James Bay put in its fifth drill gap – about 285m east of the earlier 4 holes at Yukon Hill – to comply with up these high-value rock chip samples within the southern arm of the Insurgent Peak high-priority goal space, on a separate however parallel structural development that runs for 335m northwards to Insurgent Peak.

That gap was close to a cluster of earlier rock chip samples with a peak worth of 1.1g/t gold on an already-cleared north-south street that extends along-strike south from Insurgent Peak.

It was the company’s first gap to check for mineralisation within the Insurgent Peak development alongside the jap facet of the project space. It returned a significant 18.3m going 1g/t gold from 36.6m, together with 3.1m assaying 2.7g/t gold and represents a pierce-point 520m up-dip from historic intercepts.

Primarily based on the one gap end result and the scattered related high rock chip grades, the company is planning a section two drilling marketing campaign for the present quarter to additional take a look at the high-priority and largely untested Insurgent Peak space.

Close to floor mineralisation at Independence is best described as a high-level epithermal system shaped as a leakage halo above the Independence gold skarn, each associated to emplacement of granodiorite porphyries and associated faults within the Eocene age (55.8 million to 33.9m years in the past).

The project comprises a overseas mineral useful resource comprising two elements, the primary being a 3.8 million tonne inferred skarn element averaging 6.53g/t gold for 796,200 ounces.

It additionally comprises a more important near-surface useful resource with silver because the second contributing metallic, comprising a measured 8.7mt at 0.39g/t gold for 125,000 gold equal ounces, an indicated 19.3mt at 0.36g/t gold for 249,000 ounces gold equal and a additional inferred 5.2mt at 0.30g/t gold for 55,100 ounces gold equal.

The company’s drilling has up to now focussed on increasing near-surface oxide mineralisation throughout Yukon Hill and, with the section one assays in hand, it’s now planning for the 2025 exploration season.

Future drilling will goal oxide mineralisation extensions within the northern half of the project and on the Insurgent Peak space the place a number of rock chip samples have additionally returned distinctive high-grade gold past the present mineral useful resource.

Administration says the easternmost gap, drilled beneath a 1.1g/t gold rock pattern south of Insurgent Peak, returned grades more than double the present near-surface mineral useful resource, which factors to potential for extra future drilling to uncover important mineralisation beneath different earlier high-grade rock samples on the Insurgent Peak development.

Logging and sampling of accessible historic diamond drill core is ongoing and can help plan future diamond drilling plans to discover polymetallic mineralisation. Assay outcomes are anticipated within the first half of the 12 months.

Diamond core outcomes are anticipated to be obtained in February and can embody these from a diamond drill gap put in just lately to check 400m down-dip from the one reverse circulation intercept at Insurgent Peak.

Lode Sources

Montezuma antimony project, Tasmania

Hit: 18.23 per cent antimony, 612g/t silver and 1.30g/t gold over 0.8m

Lode Sources has recognized a new batch of high-grade assays from earlier drilling at its just lately acquired Montezuma antimony project in Tasmania’s premier West Coast mining province, together with one intercept of 18.23 per cent antimony, 612g/t silver and 1.30g/t gold over 0.8m.

Additional significance is lent to the work by the invention that higher-grade antimony and silver intercepts exist within broad doubtlessly financial grades, such because the headline intercept within its broader intercept of 7m going 3.57pc antimony, 432g/t silver and 1.03g/t gold.

Out of 14 holes re-logged, seven have been recognized as carrying important grades, notably in antimony and silver, but additionally with related gold, lead, copper and tin signatures that would considerably improve the general mineral endowment, if sustained all through.

Different important hits from a second gap embody 1.9m assaying 5.36pc antimony, 913g/t silver and 0.66g/t gold within a broader zone of 9.5m working 1.86pc antimony, 291g/t silver and 0.38g/t gold.

A 3rd gap intercepting 1.3m grading 6.58pc antimony, 826g/t silver and 0.76g/t gold was pulled out of a longer 4.8m hit going 2.31pc antimony, 329g/t silver and 0.48g/t gold.

A success of 5.51pc antimony, 285g/t silver and 1.33g/t gold over 0.9m was recognized within a fourth gap within a 3m intercept assaying 1.79pc antimony, 101g/t silver and 0.51g/t gold.

Lode Sources has relogged all earlier drill core from the Montezuma antimony project and resampled it to JORC 2012 requirements. The ensuing new drill intercepts verify the exceptionally high-grade of the Montezuma antimony deposit and likewise spotlight broader zones of mineralisation than had been beforehand believed to exist.

Lode has additionally reviewed and modelled historic soil sampling bringing to mild a 500m-long tin anomaly coinciding with the modelled extension of the Montezuma construction at floor.

Earlier across-strike floor sampling of trenches at 5m intervals alongside a 50m publicity of the Montezuma deposit additionally returned spectacular grades starting from 4.36pc to 24.5pc antimony, 124g/t to 3050g/t silver and lead grades between 6.81pc and 39.08pc.

Total average grades from the floor sampling run at 11.9pc antimony, 843g/t silver and 18pc lead.

The Montezuma antimony-silver-gold deposit is a structurally managed lode, emplaced primarily within the well-known Montezuma fault and hosted by a sequence of turbidites, siltstones, sandstones and black shale items.

The company sees sturdy potential to increase the Montezuma construction, which stays open to the north, south and at depth. It’s endeavor floor mapping and sampling focussed on the coincidence of its modelled structural goal and the native geochemistry.

The antimony is contained within jamesonite, a lead-iron-antimony sulphide mineral that develops at low to reasonable temperatures. The important antimony ore mineral stibnite – antimony sulphide – can be comparatively ample.

An examination of the geochemistry reveals the project is potential for gold, zinc, copper, tin and tungsten.

Lode Sources is within the closing levels of planning an in depth diamond drilling program of up to 10,000m – or more than 40 holes – to check for lateral and vertical extensions to the Montezuma deposit.

Montezuma is Tasmania’s solely antimony project. It’s accessed by way of the city of Zeehan, about 14km to the west and includes a high-grade antimony-silver deposit that comes with initial development, superior metallurgical take a look at work and important beneficiation infrastructure.

It sits between a number of well-known mining centres together with MMG’s Rosebery copper-lead-zinc project, the Renison Bell tin operation owned by Metals X Ltd and Yunnan Tin, Catalyst Metals’ Henty gold mine and Stella Sources’ tin, lead and silver Zeehan project.

The operation additionally consists of a selection of mining and exploration tools and important beneficiation infrastructure, together with grid energy, a cone crusher, ball mill, gravity tables, spirals, tankage, uncooked water and a just lately constructed tailings dam.

Lode is planning pilot-scale beneficiation of the Montezuma mineralisation when it has finalised the potential ore metallurgical parameters, flowsheet configuration and associated allowing.

The company has kicked off development face sampling of the portal box-cut and exploration drive. To this point, samples have assayed between 1.54pc and 21.4pc antimony, with silver grades ranging between 93g/t and a couple of,478g/t and lead values between 2.13pc and 44.3pc.

Exploration drive development has recommenced with antimony mineralisation being selectively mined and stockpiled.

Antimony is assessed as a crucial metallic by each the federal and Tasmanian governments, in addition to virtually each superior western nation.

Titan Minerals

Dynasty gold-silver project, Ecuador.

Hit: 4.7m at 5.7g/t gold and 43.3g/t silver from 227m

Titan Minerals useful resource diamond core drilling on the company’s Cerro Verde gold-silver prospect has delivered a number of important outcomes from the Brecha-Comanche goal together with the headline hit.

Different important hits at Cerro Verde embody a second gap throwing up 5.6m at 3.3g/t gold and 78.2g/t silver from 13.1m.

A 3rd gap served to increase mineralisation at depth at Brecha-Comanche, coring out 10.7m at 3.4g/t gold and 5.7g/t silver from 174.3m, together with 1.9m at 17.7g/t gold and 23.3g/t silver. A separate run of 4.1m assayed 3.7g/t gold and eight.7g/t silver from 273.3m

Titan has three drill rigs at Dynasty engaged in a 10,000m useful resource drilling marketing campaign that’s anticipated to generate a stream of outcomes over the approaching months forward of an envisaged mid-year useful resource replace.

The work has a two-fold focus – useful resource definition drilling whereas concurrently increasing exploration work packages into new potential areas outdoors the company’s present 3.1m ounce gold and 22m ounce silver Dynasty mineral useful resource.

Titan kicked off its useful resource extension and infill diamond drilling program at Dynasty final November, finishing 21 diamond drill holes for 4600m of the ten,000m useful resource definition program in 2024.

The company has already obtained outcomes from three of the finished holes on the Brecha-Comanche goal space on the Cerro Verde prospect.

The headline gap is an infill gap to improve geological confidence and refine useful resource categorisation with outcomes demonstrating sturdy, broad and high-grade mineralisation in predicted vein places.

The total headline core intercept delivered 4.7m at 5.7g/t gold and 43.3g/t silver from 227m, together with 2.3m assaying 11.3g/t gold and 83.3g/t silver. A separate run hit 8.9m at 1.1g/t gold and 9.8g/t silver from 259.1m, together with 1.9m assaying 3.4g/t gold and 29.3g/t silver.

It additionally bored out a separate intercept of 1.8m going 2.7g/t gold and three.6g/t silver from 273.7m.

A closing run comprised 20.2m going 2.8g/t gold and 14.7g/t silver from 296.1m, together with 5.8m working 7.1g/t gold and 42.9g/t silver.

The headline gap additionally intercepted a new vein, named Koala, at 308.2m with a important end result of 5.8m at 7.1g/t gold and 42.9g/t silver, pointing to the likelihood of extending the useful resource by testing and defining its doable up-dip continuity.

A second gap was put in to improve geological confidence and useful resource categorisation within the higher elements of Brecha-Comanche, the Comanche-02 vein, and to intersect a depth extension to the Comanche-01 vein. Vital outcomes embody 5.6m assaying 3.3g/t gold and 78.2g/t silver from 13.1m within the Comanche-02 vein.

A 3rd extensional gap explored the continuity of mineralisation at depth within an already-defined inferred useful resource class within the eastern-most drill part at Brecha-Comanche, with outcomes displaying sturdy mineralisation about 40m under beforehand outlined mineralisation, representing a worthwhile addition to the mineral useful resource.

Vital outcomes returned had been 10.7m at 3.4g/t gold and 5.7g/t silver from 174.3m, together with 1.9m at 17.7g/t gold and 23.3g/t silver, and a additional 4.1m at 3.7g/t gold and eight.7g/t silver from 273.3m.

The company is ready on outcomes for 3 holes accomplished final 12 months at Cerro Verde and one other six holes accomplished at Iguana, centred about 3.6km northeast, which is an epithermal gold-silver deposit with an estimated mineral useful resource containing 0.71m ounces of gold and 4.8m ounces of silver.

Titan kicked off useful resource drilling with three diamond rigs at Dynasty on January 20 and has since punched in an extra 5 holes for 1580m at its Cerro Verde prospect.

The company has slated a mineral useful resource replace for mid-2025 when the present spherical of useful resource drilling is wound up and the geological model up to date.

The upcoming mineral useful resource replace will probably be a key enter into the deliberate scoping research for Dynasty, for which a number of associated workstreams are already underway, together with metallurgical take a look at work.

The company stays well-funded to undertake its complete drilling and useful resource development program and is anticipating a regular stream of outcomes over the approaching months as useful resource drilling continues.

Count on additional updates as Titan’s a number of exploration, useful resource and development research workstreams converge to advance its Dynasty gold project.

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