AUSTRALIA – Altia drilling starts

BHP Billiton has started a drilling program at Breakaway Resources’ Altia Silver-Lead-Zinc deposit in North West Queensland as part of a farm-in and joint venture agreement.
It is the first drilling program under the $10 million Altia Joint Venture Project.
BHP Billiton has commissioned a high-capacity diamond drill rig to drill a deep hole of about 1000 metres as part of an initial program of 5000 metres of diamond drilling.
This initial program forms a key component of BHP Billiton’s first year minimum expenditure commitment of $1 million.
Breakaway delineated an initial JORC-compliant inferred resource for Altia Deposit in 2008 of 5.78 million tonnes grading 40.3 grams/tonne silver, 3.96% lead and 0.49% zinc.
The deposit, which is in the Cloncurry district, has been drilled over a 500 metre strike length and to a nominal depth of 300 metres, and remains open primarily down-dip and to the south.
The focus of planned exploration is based on the strong geological similarities between the Altia mineralization and the world-scale Cannington silver-lead-zinc mine, 100km to the south along the same geological corridor.
Previous drilling by Breakaway highlighted the potential for a large-scale silver deposit at Altia with strengthening silver grades, including a down-hole intersection of 19 metres @ 286 grams/tonne silver, occurring at depth and to the south.
In addition to extensions of known mineralization, drilling will test the steeply-dipping Dingo trend, which lies immediately east of Altia.
Breakaway secured the landmark farm-in and joint venture agreement with BHP Billiton in November 2009. Under the agreement, BHP Billiton can earn a 70% interest in the silver-lead-zinc rights at Altia by completing expenditure of Aus$10 million over five years. It must spend a minimum of $1 million within the first year.
www.breakawayresources.com.au

 

AUSTRALIA – Drilling at Baramine

Shaw River Resources is progressing a number of exploration programs at its manganese projects in the Pilbara region of Western Australia, including drilling at the Baramine and Skull Springs projects.
The primary focus for the company is the Baramine Project in the East Pilbara manganese province where Shaw River is targeting high grade direct shipping ore (DSO) bodies (+40% manganese) while simultaneously developing resources of manganese suitable for beneficiation (+20%).
Detailed drill target verification has been carried out and drilling will begin in June.
A 6000-8000 metres RC program will be completed over priority geological and geophysical targets.
After carrying out mapping, sampling and ground evaluation of EM targets in May, drilling is planned at the Skull Springs deposit in July.
At the Mt Minnie and Dingo Creek prospects detailed mapping and sampling will begin in the September quarter with a view to define drill targets for testing in late 2010/early 2011.
At the Butre project in Ghana planning and drill target selection will take place during this quarter with RC drilling over manganese and gold targets expected in the third quarter.
At the 701 Mile project manganese gravel resource estimation and beneficiation options are being considered.
Manganese is a critical component in modern steelmaking, with potential quality deposits in the world’s best manganese belts being highly sought after. Australian manganese ores from Bootu Creek, Woodie Woodie and Groote Eyland attract premium prices in the world markets.
Pricing and demand for manganese has increased strongly into 2010 amid the global recovery and increasing steel demand.
www.shawriver.com.au

CHINA - Beiya and Habo exploration

Asia Now Resources has started an aggressive exploration program at its Beiya and Habo projects in Yunnan Province after receiving encouraging results from 2009 exploration.
A drilling program totalling 17,400 metres in two phases is under way at Beiya to focus on the northeast section of the 13km-long by 2km-wide gold zone that includes the adjacent Beiya Gold Mine.
The operating mine is the largest open-pit gold mine in Yunnan and annual production capacity is being doubled to 200,000 ounces.
Infill drilling on a grid 80 metres by 80 metres is being carried out to define the extent of the main, thick gold-silver zone confirmed by drilling at 160 metres by 160 metres in 2009.
In addition, drilling will test potential high-grade copper-gold zones within the magnetic anomalies and soil geochemical anomalies at Beiya Northeast, and a strong magnetic anomaly that extends west from the adjacent Beiya Gold Mine.
In the mine this magnetic anomaly has been drilled recently, and contains a thick, high-grade massive copper-gold sulphide zone.
The company also plans to contract an independent consultant for a resource estimate in Beiya North at NI 43-101 Standard.
Asia Now has confirmed a large porphyry copper-molybdenum-gold mineralization system that covers an area of 2300 metres by 1300 metres at Habo South, and two tunnelling programs continue to define the extent of high-grade molybdenum and copper zones.
www.asianow.ca


 

CHINA – Beyinhar North drilling

Drilling has started at the Roadside prospect, which is part of King Solomon Mines’ Beyinhar North Gold Project.
The Roadside drill target is immediately along strike from the Beyinhar gold project, a 1 million ounce resource which was formerly owned by Sino Gold Mining.
Two RAB fence-lines are being drilled across IP chargeability anomalies identified and across the projected Beyinhar gold project trend.
At least 3 RC holes will be drilled to test zones of epithermal-style silicification immediately northwest of the chargeability anomalies.
King Solomon is exploring the under explored Inner Mongolian section of a major fold belt that hosts world class gold and copper deposits.
Its principal projects are the Bu Dun Hua porphyry copper-gold target, the Marmot Ridge porphyry copper-gold target, the Naogaoshandu epithermal and mesothermal gold targets, and the Beyinhar North epithermal and mesothermal gold targets.
The company has 10 years experience in China.
www.kingsolomonmines.com.au

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events