Australia's junior explorers - The ASIA Miner

MINERALIZATION EXTENDED AT DEFLECTOR
GOLD-copper resources company Mutiny
Gold has discovered new high-grade intersections
which extend the defined mineralization
100 metres to the north of its current measured
and indicated resources at the Deflector gold
deposit in Western Australia. Shallow drilling
was carried out by the company to explore for
open pit resources in the project’s north.
The currently known Deflector deposit contains
mineral resources of 3.4 million tonnes
@ 4.9 grams/tonne gold, 5.7 grams/tonne silver
and 0.85% copper for 530,000 ounces of
gold, 620,000 ounces of silver and 29,000
tonnes of copper. Measured and indicated resources
total 2.1 million tonnes @ 5.2
grams/tonne gold, 7.3 grams/tonne silver
and 1.1% copper for 350,000 ounces of
gold, 490,000 ounces of silver and 22,000
tonnes of copper
Highlights of the drill results include 6 metres
@ 4.45 grams/tonne gold and 0.2% copper
from 40 metr es, 4 metr es @ 10.23
grams/tonne gold from 75 metres and 2 metres
@ 4.92 grams/tonne gold and 0.4% copper
from 92 metr es. Deeper diamond drill
holes were completed to extend the under -
ground resources to the south of the main
known area of mineralization, with highlights
including 2 metres @ 21.35 grams/tonne gold
and 1.06% copper from 193 metres and 2
metres @ 9.64 grams/ tonne gold and 1.1%
copper from 209 metres.
The encouraging results will be included in
the positive economics alr eady revealed in
the company’s definitive feasibility study (DFS)
for the West Australian project, within the Gullewa
tenements in the south Mur chison region.
The latest drill r esults have come from
the first seven holes of a RC drill pr ogram
which was designed to r evise the resource
estimation. More drill results still pending will
also be included in the update.
“The drill r esults continue to extend the
known length of mineralization of the central
lode and indicate the open pit mine life,” says
the company’s managing director John Gre-
NEW WADDIKEE DRILLING TO TARGET GRAPHITE
A DRILLING pr ogram targeting graphite is
being planned at Monax Mining’s Waddikee
manganese project in South Australia after
assay results from the Argent and Stanley
prospects confirmed the pr esence of graphite.
The r esults are from four samples
collected at the two sites to identify base metals
and silver within the project.
Coarse flake graphite of between 10.23%
and 16.04% carbon has been confirmed by
geochemical analysis. The company says the
combination of coarse flake graphite and high
carbon assay results make the Argent prospect
a high priority graphite target.
Monax has pr eviously outlined six target
areas based on surface sampling, historical
drilling and assessment of airborne electromagnetic
data. The company’s managing director
Gary Ferris says further field r econnaissance
will be conducted to determine access for drilling
and field check the six target areas.
The Waddikee project is about 20km west
of the township of Kimba in the central Eyr e
Peninsula. It has potential for manganese and
iron within the Proterozoic Hutchison Group
metasediments, with mor e than 80km of
strike length of the host sequence occurring
within the Waddikee tenement.
Initial rock chip sampling conducted in 2008
identified a number of iron and manganese pro-
Australian Junior Explorers
eve. “Overall project economics of Deflector
appear to be extending in line with robust forecasts
of the scoping study and Mutiny’s resource
expansion program. The mining team
is impressed with the grade and width of the
gold intercepts.”
Mutiny is awaiting more drill results from the
surface and down dip extensions of the more
copper-rich west lode. The company plans to
begin mine development in the second half of
2012 leading to an open pit mining operation
at Deflector, followed by underground mining
after two years.
Mutiny Gold’s processing facilities at Gullewa.
spects in the tenement. These samples r eturned
highly encouraging iron, manganese and
vanadium results of up to 60.1% ir on, 43.8%
manganese and 1.13% vanadium oxide.
Results at the most r ecently discovered
Hodgins mineralization zone in the project’s
northwest include 6 metres @ 20.9% manganese
and 10 metr es @ 29.2% manganese,
with one hole containing the highest
grade manganese at an overall 52 metres @
21.2% manganese. A drilling program at the
Polinga prospect at Waddikee has resulted
in high grade manganese of up to 29%
being intersected and has also pr oduced
further encouraging iron ore results.
July/August 2011 | ASIA Miner | 57