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Bardoc Gold grows Aphrodite with new wide high-grade gold intercepts

Bardoc Gold Ltds (ASX:BDC) recent diamond core drilling at the Aphrodite deposit of its Bardoc Gold Project north of Kalgoorlie in WA has intersected further broad zones of gold mineralisation outside the current ore reserves.

Aphrodite has two main lodes, Phi Lode and Alpha Lode, with results from a two-hole diamond drill program confirming high-grade extensions outside of ore reserves at the Alpha Lode.

Best results are 15.1 metres at 6.58 g/t from 418.1 metres including 5.3 metres at 15.86 g/t from 418.1 metres, and 6.7 metres at 3.01 g/t from 402 metres.

The Aphrodite deposit has total ore reserves of 500,000 ounces, comprising open pit reserves of 2.83 million tonnes at 2.3 g/t for 210,000 ounces and underground reserves of 2.38 million tonnes at 3.7 g/t for 290,000 ounces.

“Results underpin robust PFS”[hhmc]
Bardoc Gold chief executive officer Robert Ryan said that ongoing drilling across the Bardoc project was continuing to enhance key deposits and improve confidence levels ..

Bardoc Gold Ltds (ASX:BDC) recent diamond core drilling at the Aphrodite deposit of its Bardoc Gold Project north of Kalgoorlie in WA has intersected further broad zones of gold mineralisation outside the current ore reserves.

Aphrodite has two main lodes, Phi Lode and Alpha Lode, with results from a two-hole diamond drill program confirming high-grade extensions outside of ore reserves at the Alpha Lode.

Best results are 15.1 metres at 6.58 g/t from 418.1 metres including 5.3 metres at 15.86 g/t from 418.1 metres, and 6.7 metres at 3.01 g/t from 402 metres.

The Aphrodite deposit has total ore reserves of 500,000 ounces, comprising open pit reserves of 2.83 million tonnes at 2.3 g/t for 210,000 ounces and underground reserves of 2.38 million tonnes at 3.7 g/t for 290,000 ounces.

“Results underpin robust PFS”


Bardoc Gold chief executive officer Robert Ryan said that ongoing drilling across the Bardoc project was continuing to enhance key deposits and improve confidence levels in the companys robust pre-feasibility study (PFS).

He said: “The strong drilling results from Aphrodite continue to build confidence in our mine plan, which underpins the strong financial metrics within the PFS.

“The infill drilling to date has been a resounding success with widths and grades at all deposits being above modelled expectations.”

Aphrodite Alpha Lode Cross section 6660145mN, looking north

Ongoing exploration


RC drilling is now underway ahead of a planned quarter three resource update.

Ryan said: “Reverse circulation drilling has commenced at Zoroastrian, Excelsior and Aphrodite, as we work towards our next comprehensive mineral resource update for the Bardoc Gold Project which we are targeting in the September quarter.

“These programs should generate steadily increasing news flow in the weeks ahead.”

Results from recent exploration and extensional RC drilling at Mayday North are also due in the coming weeks and sampling of historical 1990s (and earlier) drilling at North Kanowna Star has been completed with pXRF analysis underway.

Next steps


In the coming months, the company plans to complete the following activities to progress the definitive feasibility study (DFS) for the project:

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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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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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