Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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SAMS CREEK DIAMOND DRILLING TO COMMENCE
• Sandfire to fund drilling of up to seven diamond drill holes for 900 metres planned
• Diamond drilling to test alternative geological models at Main Zone and evaluate continuity of mineralisation at SE Traverse prospect
• Sams Creek hosts a current JORC (2012) Mineral Resource Estimate (MRE) of 1Moz gold @ 1.54g/t Au (0.7 g/t gold cut off) including a higher grade zone of 588koz gold at 2.43g/t Au (1.5 g/t cut off) – refer table 1
• Drilling program aims to update current JORC MRE which will form basis of conceptual underground mining study
• With only 15% of the 7 km dyke extent drilled, an aggressive exploration program is planned at Sams Creek pending project acquisition and land access
• Excellent exploration potential with current resource open along strike and at depth – multiple drill-ready targets identified
• Historical drilling highlights include 19.6m @ 6.0 g/t Au and 9.1m @ 8.5 g/t Au (Refer ASX release 30 September 2020)
• Located north of the 2.5Moz Reefton Gold Field at the northern end of South Island
Gold and Base Metals explorer Auris Minerals Limited (“Auris” or “the Company”) (ASX: AUR) is pleased to announce diamond drilling by Sandfire Resources Limited (“Sandfire”; ASX: SFR) is set to commence at the Sams Creek Project early November 2020.
The Sams Creek Project, one of New Zealand’s largest undeveloped gold projects, is located approximately 30 kilometres south of Takaka and 35 kilometres northwest of Motueka, at the northern end of the South Island of New Zealand (Figure 1).
Management Commentary:
Commenting on the commencement of drilling Auris Minerals Chief Operating Officer, Mike Hendriks, said: “Sandfire has wasted no time in getting this initial diamond drilling program underway and we are delighted that our exploration strategy has now been set in motion.
“This is an important drilling program that will aim to update the current 1Moz JORC Mineral Resource estimate, test the high grade intersections of the main ore body and improve our geological understanding of the deposit. Initial results from this program are expected to be received in early December, so we look forward to updating shareholders in due course.
“Our pipeline of activity across both our Byrah Basin projects and now Sams Creek continues to build, and we look forward to reporting progress on several important exploration programs as they advance.”
Hunt for ASX copper stocks hots up as investors prepare for supply deficit
#Copper producers:
As is often bemoaned, there is not much on offer in the ASX copper producer space. It’s a case of OZ Minerals (OZL) or Sandfire (SFR).
On the assumption that OZ is being priced for perfection, Sandfire comes in from the cold as a value proposition, notwithstanding the two-and-a-bit years or so left at DeGrussa/Monty, assuming no immediate exploration success.
#MTR $SFR $CBE $THR
@metaltigerplc @ozmining
https://www.livewiremarkets.com/wires/hunt-for-asx-copper-stocks-hots-up-as-investors-prepare-for-supply-deficit