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Andromeda Metals spins drill at high-grade halloysite targets in South Australia

Andromeda Metals Ltd (ASX:ADN) has the drill spinning as it targets high-grade halloysite at Condooringie prospect within the Poochera Halloysite-Kaolin Project in South Australia.

A 2,000-metre aircore drilling program is following up a recently identified high-grade halloysite zone 1-kilometre to the north of drilling undertaken in December 2019, which extended a kaolin zone to the south.

Condooringie is around 5 kilometres northeast from the companys Careys Well Halloysite-Kaolin Deposit at which a pre-feasibility study (PFS) is expected to be released later this month.

Seeking Bright White material[hhmc]
The aim is to infill between the two high-grade halloysite zones identified and potentially to define Bright White halloysite-kaolin over 2 kilometres of strike at Condooringie should these zones be shown to be linked.

Drilling is also planned to test the south and east of the southern zone at Condooringie, which remains open in both directions.

Planned 2020 drilling at Condoo..

Andromeda Metals Ltd (ASX:ADN) has the drill spinning as it targets high-grade halloysite at Condooringie prospect within the Poochera Halloysite-Kaolin Project in South Australia.

A 2,000-metre aircore drilling program is following up a recently identified high-grade halloysite zone 1-kilometre to the north of drilling undertaken in December 2019, which extended a kaolin zone to the south.

Condooringie is around 5 kilometres northeast from the companys Careys Well Halloysite-Kaolin Deposit at which a pre-feasibility study (PFS) is expected to be released later this month.

Seeking Bright White material


The aim is to infill between the two high-grade halloysite zones identified and potentially to define Bright White halloysite-kaolin over 2 kilometres of strike at Condooringie should these zones be shown to be linked.

Drilling is also planned to test the south and east of the southern zone at Condooringie, which remains open in both directions.

Planned 2020 drilling at Condooringie with previous drill datas 10% halloysite content outline and an updated 12 metre white kaolinised granite outline.

Analysis by Andromeda of historical drill holes previously drilled by Minotaur Exploration Ltd (ASX:MEP) in 2011 at Poochera defined a broad zone of high-grade halloysite 1-kilometre north of Condooringie prospect.

The company is awaiting the analyses of samples submitted from a December 2019 drilling program but based on visual appraisals, it was encouraged to undertake the infill and extension drilling.

Resource estimate planned


After receiving final assays from these programs, Andromeda intends to prepare a JORC 2012 mineral resource for the prospect.

Bright White refers to material with an ISO Brightness (R457) in excess of 75. ISO Brightness (R457) is an internationally accepted spectral criteria for determinations of brightness.

Shares have been as much as 6% higher to 5.4 cents intra-day.

Poochera project


Poochera Halloysite-Kaolin Project covers two main geographic areas of interest, both in the western province of South Australia.

Location of halloysite-kaolin prospects at Poochera.

The current main area of focus is on the Eyre Peninsula which comprises four tenements and is about 635 kilometres west by road from Adelaide and 130 kilometres southeast from Ceduna.

In addition to Careys Well, additional high-quality halloysite-kaolin prospects occur extensively across the project area.

This makes Read More – Source

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Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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