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Tag: silver

Ballymore’s Torpy’s drilling lifts silver-lead grades closer to surface

Written by Industry Queensland on . Posted in All News, Critical minerals, Exploration.

Ballymore Resources (ASX: BMR) said the first two holes of a new drilling campaign at its Torpy's discovery near Chillagoe had extended mineralisation closer to surface.

The North Queensland explorer intersected broad zones of massive to semi-massive sulphide, carrying silver, lead, zinc and indium, in both holes.

Main image: drilling at Ballymore's Torpy's discovery

Hole BTPRC010 returned 14 metres at 76.6 grams a tonne silver, 3.43 per cent lead and 2.32 per cent zinc from 76 metres.

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Maronan invites analysts to get their boots on the ground

Written by Industry Queensland on . Posted in All News, Events.

Mining development proponents may age, but the steely determination in their eye is renewed every day.

It is the look borne of a thousand disappointments — cyclones, floods, drought, the endless fight for investor confidence. It survives constant flights, a strict regulator’s eye, and the pull of hearth and home, among a hundred other demands.

It is all filtered through a lens of self-belief.

Main image: Maronan drill core with bonanza-grade silver

Until one day it is reflected back — a light of recognition from someone with the experience and imagination to back the dream. . .

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Ballymore builds Ruddygore target pipeline

Written by Industry Queensland on . Posted in All News, Exploration.

Ballymore Resources has added a string of prospective drilling targets to its Ruddygore pipeline after expanding a gravity survey across the historic Chillagoe mining district.

The Queensland explorer said preliminary results had identified anomalies at six areas, broadening the exploration focus beyond its emerging Torpy’s silver-lead-zinc discovery.

Main image: Ruddygore project area

Final processing and three-dimensional modelling are expected to help Ballymore rank the targets before future drilling.

The survey began in May with a regional program and detailed coverage over selected prospects. Strong early. . .

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Ballymore's Queensland tenements include the Dittmer, Ruddygore, Ravenswood, and Mount Molloy projects.

Torpy’s silver potential grows for Ballymore

Written by Industry Queensland on . Posted in Exploration.

Ballymore Resources says early drilling in its latest Torpy’s campaign has extended the emerging silver-lead-zinc-indium discovery near Chillagoe in North Queensland.

The Brisbane-based explorer said the first two holes in a planned 3000m reverse circulation program had intersected broad zones of visible massive sulphide mineralisation.

Ballymore said the work extended known mineralisation closer to surface and supported the potential for multiple high-grade shoots at the Ruddygore project.

Managing director David A-Izzeddin said the new drilling campaign had delivered another strong start.

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Fuel a day-to-day issue for Savannah as gold stays high

Written by dev on . Posted in All News, Gold.

Fuel supply remains a day-to-day proposition for miners in Far North Queensland as Savannah Goldfields lifts production at its Georgetown gold processing plant.

The company says it has produced 1465.4oz of gold and 878.6oz of silver since restarting operations on November 7 last year. 

Managing director Brad Sampson said diesel demand was rising as the plant moved towards nameplate production, with current consumption at about 150,000 litres a month.

Main image: Georgetown processing plant

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Grade control drilling at Liontown

Hi-yo silver! New results highlight Liontown potential

Written by dev on . Posted in All News.

Latest assay results from the Liontown deposit further reinforce the region’s potential for significant silver endowment, according to Sunshine Metals.

A high-grade silver interval sent to a specialised laboratory in Canada for over-range fire assay analysis returned 1m at 136.00g/t gold and 9960g/t silver from 18m.

That came within a broader zone of 30m at 6.68g/t gold and 528g/t silver from 17m.

The results stemmed from a 121-hole program targeting the Shallow Au resource at Liontown, which is part of Sunshine's Ravenswood Consolidated project.

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Maiden resource out for Orient East silver-indium site

Written by dev on . Posted in All News, Copper, Exploration, Gold, Processing / Manufacturing.

Iltani Resources has announced a maiden resource for its Orient East silver-indium deposit, hot on the heels of the QIC committing $8 million towards the potential critical minerals development.

The mineral resource estimate for Orient East stands at 19.8Mt at 98g/t silver equivalent (using a 30g/t silver equivalent cut-off grade).

It takes the total mineral resource estimate for the Orient project, in the Herberton area, to 62.5Mt at 81.5g/t Ag Eq. (30g/t Ag Eq. cut-off grade).

Iltani managing. . .

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Iltani - drill rig at Antimony Reward

Iltani builds towards project resource estimate

Written by dev on . Posted in Exploration.

Iltani is expecting a maiden Orient East resource estimate by mid-October. 

This follows assay reports showing multiple wide intersections of high-grade silver-indium mineralisation at the project near Herberton on the Atherton tablelands in North Queensland.

The company released assay results drawn from two drill holes in a recent extension program.

Managing Director Donald Garner said the estimate was expected in weeks. 

“With the final assay results back from the Orient East JORC Resource Infill drilling program. . .

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Map of the Maronan Metals Maronan project in North-West Queensland

Silver shines in Maronan scope

Written by dev on . Posted in All News, Copper, Gold, Processing / Manufacturing.

Maronan Metals (ASX: MMA) says it has a strong case to develop the Starter Zone of the Maronan Underground Project.

The lead-silver and copper-gold deposit is located 65km south-east of Cloncurry in the Isa-Carpentaria Minerals Province which includes the George Fisher, Cannington, Dugald River Ernest Henry and Eloise mines. 

The company has completed a preliminary economic assessment, or scoping study, for the Starter Zone. This is an area closer to the surface which would give Maronan a quicker-time cash flow.

The Study highlights Maronan as a potential long life, diversified polymetallic operation underpinned by. . .

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Silver sheen to True North’s Vero resource update

Written by dev on . Posted in All News, Copper, Exploration, Processing / Manufacturing.

True North Copper has revealed a 20 per cent lift in silver ounces at its Vero deposit as part of an updated mineral resource estimate.

Chief executive officer and managing director Bevan Jones said it came as the precious metal was seeing a supply-demand imbalance through its use in solar and other technology.

"This updated resource also provides greater confidence in the deposit, following TNC’s first program of confirmatory drilling and a substantially updated geological model, which incorporates historic resource depletion by previous mining," he said.

True North’s updated copper-silver mineral resource estimate for Vero stands. . .

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Silver demand beats ‘two new Canningtons a year’

Written by dev on . Posted in All News, Processing / Manufacturing.

More than two new Cannington mines would have to be built each year to meet a forecast rise in silver demand out until 2040, major producer South32 says.

The company highlighted the surging demand and shortage of new operations to meet that demand in a presentation stemming from its pre-feasibility study (PFS) for development of the zinc-lead-silver Taylor Deposit at its Hermosa project in the USA.

“The project has the potential to sustainably produce the metals critical for a low-carbon future across multiple decades from different deposits," South32 chief executive officer Graham Kerr said.

South32 also. . .

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Thomson seals deal on Silver Spur mine

Written by dev on . Posted in All News, Copper, Gold.

Thomson Resources has capped off its southern Queensland silver asset build-up with a definitive agreement to acquire the Silver Spur mine.

The company's Texas silver mine acquisition is also nearing completion, meaning Thomson will control 100 per cent of a district that has produced about 3.6 million ounces of silver and hosts multi-million ounce JORC silver resources.

"The more we look at it the more we realise that the Silver Spur ML is a key part. . .

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Location of the Silver King Deposit with historical workings

New Century continues Silver King push as results shine

Written by dev on . Posted in All News, Exploration.

New Century Resources is extending its drilling program at Silver King after high-grade results including 'exceptional' silver assays of up to 1005g/t.

The company is weighing up the near-term development of Silver King and the East Fault Block into mining operations within its Century project in North-West Queensland, and is targeting a final investment decision in early FY22.

Assays from the latest 12 holes of the 30-hole resource definition program at Silver King delivered the strongest results to date, the company said.

They included an intercept of 1.9m at 65.7 per cent lead. . .

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Thomson adds Silver Spur to asset base

Written by dev on . Posted in All News, Copper, Gold.

Thomson Resources is acquiring the Silver Spur mine in southern Queensland, building on a regional asset base focused on silver.

The company has entered into a binding term sheet to acquire the relevant mining lease from Cuban Partners.

It says the $950,000 acquisition will give it 100 per cent control of the Texas Silver base metal district in southern Queensland, a cornerstone of its new Fold Belt Hub and Spoke Strategy.

"This is a key strategic acquisition for Thomson, with the Silver Spur ML representing delivery of an additional silver resource and prospective exploration targets to be included within. . .

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Hi-ho Silver! New Century drilling yields ‘stunning’ results

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

New Century Resources has announced 'stunning' high-grade assays from the first seven holes of a 30-hole drilling program at the Silver King deposit within its Century mining lease.

They include an intersection of 9.5m grading at 45.5 per cent lead, 4.1 per cent zinc and 425g/t silver from 174.4m.

New Century sees Silver King shaping up as a new mining operation for the site in the near. . .

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Red Metal to spin out key silver project

Written by dev on . Posted in All News, Copper, Exploration.

Red Metal proposes to spin out its silver-rich Maronan project through the listing on the ASX of its subsidiary Maronan Metals.

The company believes the spin out and related IPO will help fast-track development of the project, located about 60km south-east of Cloncurry in North-West Queensland.

Maronan Metals would raise up to $36 million to fund resource drill-out and feasibility programs.

With more than 100 million ounces of contained silver, the Maronan project is touted as one of the largest undeveloped silver resources in Australia.

Red Metal would retain about 50 per cent of Maronan. . .

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