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Musgrave Minerals shines after hitting 12 metres at 112.9 g/t gold near-surface at Starlight

Musgrave Minerals Ltd (ASX:MGV) surged to a record high after hitting 12 metres at 112.9 g/t gold near-surface in reverse circulation (RC) drilling at Starlight discovery within the flagship Cue Gold Project in Western Australia.

This bonanza-grade intersection from 36 metres included 6 metres at 143 g/t from 42 metres and the company is also buoyed by other high-grade results returned from the first 12 RC holes of the current campaign.

Shares have jumped more than 87% on the previous close to a new all-time high of 29 cents on strong early volume of more than 24 million.

Open-pit potential enhanced[hhmc]
Managing director Rob Waugh said: “This is a great start to the program and confirms the current model extending the mineralisation both up-dip where it approaches the surface and down-dip where it remains open.

“The bonanza high-grade, near-surface mineralisation will enhance the open-cut development potential of the deposit while the deeper mineralisation will enhance the underg..

Musgrave Minerals Ltd (ASX:MGV) surged to a record high after hitting 12 metres at 112.9 g/t gold near-surface in reverse circulation (RC) drilling at Starlight discovery within the flagship Cue Gold Project in Western Australia.

This bonanza-grade intersection from 36 metres included 6 metres at 143 g/t from 42 metres and the company is also buoyed by other high-grade results returned from the first 12 RC holes of the current campaign.

Shares have jumped more than 87% on the previous close to a new all-time high of 29 cents on strong early volume of more than 24 million.

Open-pit potential enhanced


Managing director Rob Waugh said: “This is a great start to the program and confirms the current model extending the mineralisation both up-dip where it approaches the surface and down-dip where it remains open.

“The bonanza high-grade, near-surface mineralisation will enhance the open-cut development potential of the deposit while the deeper mineralisation will enhance the underground potential.”

The RC drilling program at Starlight link-lode within the Break of Day deposit, which is now 60% complete, consists of more than 36 holes for around 7,000 metres and all intersections returned sit outside the current 199,000-ounce resource.

High-grades


Other strong results:

  • 48 metres at 4.4 g/t from 30 metres, including 4 metres at 41.8 g/t from 30 metres and 2 metres at 13.5 g/t from 76 metres;
  • 7 metres at 13.7 g/t from 114 metres including 4 metres at 22.9 g/t from 116 metres;
  • 6 metres at 5.7 g/t from 81 metres; and
  • 6 metres at 5.2 g/t from 176 metres.

All 6-metre composite samples above 0.1 g/t gold will be re-submitted for individual 1-metre sample analysis.

Ongoing exploration


Follow-up drilling on the new Starlight link-lode at Break of Day is underway, with additional assays expected within the next two weeks.

A diamond drillinRead More – Source

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Australia

Nexus Minerals advances gold strategy with Pinnacles JV feasibility study and Wallbrook drilling

Nexus Minerals Ltd (ASX:NXM) is progressing its gold strategy centred on WAs Eastern Goldfields with a feasibility study underway on the Pinnacles joint venture (JV) project and reverse circulation (RC) drilling to start this month at the Wallbrook project.

The JV with Saracen Mineral Holdings Limited (ASX:SAR) has started work on the Pinnacles feasibility study following positive results from an independent scoping study, which paves the way for the project to advance rapidly.

Study work[hhmc]
As part of the study, Nexus is determining the feasibility of the open cut potential of the Pinnacles East gold resource area with deeper mineralisation to be considered as a potential underground operation.

The study will incorporate additional resource definition drilling, geotechnical drilling, environmental studies and metallurgical test-work along with other key assessments and permitting.

Pinnacles JV project location.

In association with consultants, the company is set to complete th..

Nexus Minerals Ltd (ASX:NXM) is progressing its gold strategy centred on WAs Eastern Goldfields with a feasibility study underway on the Pinnacles joint venture (JV) project and reverse circulation (RC) drilling to start this month at the Wallbrook project.

The JV with Saracen Mineral Holdings Limited (ASX:SAR) has started work on the Pinnacles feasibility study following positive results from an independent scoping study, which paves the way for the project to advance rapidly.

Study work


As part of the study, Nexus is determining the feasibility of the open cut potential of the Pinnacles East gold resource area with deeper mineralisation to be considered as a potential underground operation.

The study will incorporate additional resource definition drilling, geotechnical drilling, environmental studies and metallurgical test-work along with other key assessments and permitting.

Pinnacles JV project location.

In association with consultants, the company is set to complete the following feasibility study components with results expected in late 2020:

  • Reverse circulation (RC) and diamond drilling to begin in August;
  • Geotechnical studies commenced;
  • Metallurgical studies commenced;
  • Environmental studies commenced; and
  • Mining Proposal preparation underway.

Nexus remains in the process of conducting preliminary confidential discussions to secure funding for the start of production.

These current discussions focus on working towards a gold repurchase and funding agreement to provide funding of approximately $5 million.

Wallbrook drilling


An exploration RC drilling program is set to begRead More – Source

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Australia

eSense-Lab achieves key milestones that validate commercialisation model for terpenes

eSense-Lab Ltd (ASX:ESE) continues to achieve strategic and operational milestones as it progresses a commercialisation strategy for evidence-based terpene product development for medicinal and wellness uses.

Signed contracts and partnership agreements during the first half of 2020 have positioned the company to increase sales and revenue growth as it demonstrates the broad range of applications for its terpenes.

Contracts and JVs[hhmc]
In this period eSense has secured three agreements to supply its unique terpenes across multiple revenue-generating markets.

An exclusive sales agency contract has also been executed targeting A$10 million of product sales in the lucrative US market over five years.

eSense has signed joint venture agreements with initial orders anticipated to provide revenue of approximately A$950,000 to the company and it is working towards more large revenue joint-venture opportunities.

Establishing joint ventures for mutual development of products with different..

eSense-Lab Ltd (ASX:ESE) continues to achieve strategic and operational milestones as it progresses a commercialisation strategy for evidence-based terpene product development for medicinal and wellness uses.

Signed contracts and partnership agreements during the first half of 2020 have positioned the company to increase sales and revenue growth as it demonstrates the broad range of applications for its terpenes.

Contracts and JVs


In this period eSense has secured three agreements to supply its unique terpenes across multiple revenue-generating markets.

An exclusive sales agency contract has also been executed targeting A$10 million of product sales in the lucrative US market over five years.

eSense has signed joint venture agreements with initial orders anticipated to provide revenue of approximately A$950,000 to the company and it is working towards more large revenue joint-venture opportunities.

Establishing joint ventures for mutual development of products with different partners allows the company to position itself across multiple revenue-generating markets.

Post-COVID applications


eSense CEO Itzik Mizrahi said: “We have worked hard to achieve a number of strategic and operational milestones over the last four months and are proud of the progress to date.

"In addition to their therapeutic and wellness benefits, our terpenes have exciting possible applications in a post-COVID world and are focused on being well-positioned to service this growing market.

"We are hard at work continuing to pursue more joint-venture opportunities and researching further potential applications of our technology.”

Leveraging core technology


The company has also made important changes to its leadership team and business strategy as it seeks to best leverage its core terpenes technology for revenue growth.

Under this guidance eSense has signed agreements across a range of markets:

  • SeaLaria (LOI) – Therepeutic skin creams and sanitiser;
  • ANC – Skin care, hair care and hand sanitiser;
  • Wise Wine – Hand and surface sanitisers; and
  • Blue Science – Hand and surface sanitisers.

This approach is favoured by eSense as it reduces the upfront capital expenditure required to expand global reach and significantly reduces costs associated with sales and distribution.

Since inception of this strategy, the company has been able to leverage the distribution channels of its partners to gain access to four major global markets – Israel/Middle East, Australia, China and the US.

Key Blue Science agreement


A key agreement in the commercialisation strategy was signed this month through an exclusive Sales Agency Agreement with Blue Science Solutions Inc to expand into the worlds largest consumer market for terpenes-based products, the United States.

Blue Science is an established US-based company that delivers non-toxic cleaning and disinfecting solutions across a variety of industries.

Access to IBM network


A crucial aspect of this new partnership for eSense is access to the IBM Rapid Supplier Connect Network.

This network makes it possible for buyers and suppliers, including non-traditional suppliers joining the fight to help keep hospitals and key support organisations ready, to quickly find each other, accelerate verification and onboarding processes, and gain near real-time insights into inventories of life-saving equipment.

Other benefits for eSense include:

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Australia

VRX Silica has Native Title Agreement terms approved for Arrowsmith silica sand projects

VRX Silica Ltd (ASX:VRX) has received approval from Native Title claimants for the terms of its proposed mining project agreement for the Arrowsmith North and Arrowsmith Central silica sand projects in Western Australia.

The terms have been approved by the Working Group for the Southern Yamatji People, Native Title claimants over the project areas.

This agreement clears the path for the granting of mining leases.

VRX managing director Bruce Maluish said, “We are delighted to have reached consensus with the native title claimants on the terms of the mining project agreement, which clears the pathway for grant of Mining Leases for both Arrowsmith projects.

“We look forward to working with the Southern Yamatji People.

“This is yet another step forward for VRX and its stated aim of becoming a global supplier of high-quality silica sand.”

Consensus reached[hhmc]
Delays caused by the COVID-19 crisis, particularly regulations prohibiting movement in and out of Aboriginal communities and..

VRX Silica Ltd (ASX:VRX) has received approval from Native Title claimants for the terms of its proposed mining project agreement for the Arrowsmith North and Arrowsmith Central silica sand projects in Western Australia.

The terms have been approved by the Working Group for the Southern Yamatji People, Native Title claimants over the project areas.

This agreement clears the path for the granting of mining leases.

VRX managing director Bruce Maluish said, “We are delighted to have reached consensus with the native title claimants on the terms of the mining project agreement, which clears the pathway for grant of Mining Leases for both Arrowsmith projects.

“We look forward to working with the Southern Yamatji People.

“This is yet another step forward for VRX and its stated aim of becoming a global supplier of high-quality silica sand.”

Consensus reached


Delays caused by the COVID-19 crisis, particularly regulations prohibiting movement in and out of Aboriginal communities and restrictions on public gatherings, hampered progress and presented challenges for completing the negotiation process.

However, the company worked constructively with the Yamatji Marlpa Aboriginal Corporation (YMAC) and the Southern Yamatji Working Group to reach consensus.

The negotiated terms include:

  • The preservation and management of Aboriginal heritage within the areas of the mining leases pursuant to an agreed heritage protocol;
  • The promotion of awareness of the Southern Yamatji Peoples traditional laws and customs and facilitation of cross-cultural exchange between the members of the Southern Yamatji People and VRX and its employees and contractors;
  • Ensuring the environmental impact of agreed mining operations is managed in accordance with relevant statutory obligations;
  • Maximising employment and contracting opportunities for Southern Yamatji People contractors in connection with agreed mining operations; and
  • The provision of agreed initial and ongoing compensation to the Southern Yamatji People for the effects on native title arising from the grant of the mining leases and miscellaneous licences within the native title claim area, the conduct of mining operations and the issue of agreed project approvals.

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