Talisman hits massive sulphide base metals at its Durnings prospect in Central NSW
\nArgent also makes a base metal (and silver) discovery in NSW
\nLML and TNC are two other standout gainers on the bourse this morn<\/p>\n
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Here are some of the biggest resources winners in early trade, Wednesday March 27.<\/em><\/p>\n \u00a0<\/p>\n Copper-gold hunter Talisman is standing out on the bourse today. Why? Well, partly because of a typo, actually.<\/p>\n \u201cA significant base metals discovery has been confirmed at Burning\u2019s.\u201d<\/p>\n At first we read that as Bunnings and immediately craved sausage on white bread with sauce. It should actually say: Durnings.<\/p>\n\n Sorry to point that out, Talisman\/ASX. (Ahem, no one\u2019s infallible here, either.)<\/p>\n That aside, what are the specifics? The $43m (at time of writing) company notes it\u2019s hit multiple zones of sulphides in its initial diamond drilling \u2013 part of the follow-up program of reverse circulation and DD drilling that commenced recently at the Durnings prospect, part of Talisman\u2019s 100%-owned Lachlan Project in central NSW.<\/p>\n Sulphides? It\u2019s talking \u00a0massive sulphide galena-sphalerite-chalcopyrite (lead-zinc-copper) mineralisation.<\/p>\n The company notes: \u201cIn addition to the significant mineralised zones logged in the first follow-up diamond hole, several step-out RC holes have potentially intersected the Upper mineralised zone along strike and recorded anomalous sulphur (S), zinc (Zn), lead (Pb) and copper (Cu) readings from pXRF field analysis.\u201d<\/p>\n It all apparently points to the idea of Durnings emerging as a greenfields base and precious metal discovery of some note.<\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Argent, a precious and base metals hunter, has revealed it\u2019s made a \u201cmassive silver-base metal mineralisation discovery\u201d northeast from the main Kempfield polymetallic deposit in NSW.<\/p>\n More specifically, two major mineralisation extensions from the Kempfield deposit have been discovered through surface sampling along strike from Lode 300 Mineralised Block, which contains 5.1Moz Ag at 102 AgEq (g\/t), totalling 65.1 Moz silver equivalent resource.<\/p>\n The company notes that high-grade surface rock chips highlight big potential here.<\/p>\n Current dimensions of the Lode 300 is 650m strike by 150m in width. And the mineralised extension is about 1.72km along strike with an average width of 100m, hosted within a gossanous barite lithology with the zone still open to the west and northeast.<\/p>\n Here\u2019s some high-grade factoids for you\u2026<\/p>\n Assay results received from the Kempfield NW Zone with silver assays up to 177g\/t 177g\/t Ag (5.7 oz Ag\/t), 1.89% Pb & 0.16% Zn But wait, there\u2019s more. Actually there is, but head to the company\u2019s ASX announcement today if you want to get across it all.<\/p>\n Two major mineralisation extensions from the Kempfield Deposit, NSW have been discovered from a rock chip sampling program with results up to 177g\/t Ag. 185 assays still pending. <\/p>\n Read: https:\/\/t.co\/HT8GKxbdK5<\/a> #ARD<\/a> #silver<\/a> pic.twitter.com\/5dxBcfzpnh<\/a><\/p>\n \u2014 @Argent_Minerals_Limited (@ArgentLimited) March 26, 2024<\/a><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n South Aussie explorer Lincoln\u2019s main (actually highly diverse) hunt is graphite, gold, copper and iron ore, with its cornerstone project the Kookaburra Gully (KG) graphite project on the Eyre Peninsula.<\/p>\n Why\u2019s LML surging today?\u00a0High-grade graphite intercepts up to 30.5% TGC at the KG project, that\u2019s why.<\/p>\n Deets\u2026<\/p>\n We’ve received high-grade #graphite<\/a> results from our drilling program at the Kookaburra Graphite Project in South Australia. The drilling has extended high-grade graphite mineralisation to the north, with significant intercepts found at shallow depths. Notable results include\u2026 pic.twitter.com\/z3O4X8NAaK<\/a><\/p>\n \u2014 Lincoln Minerals (@LincolnMinerals) March 26, 2024<\/a><\/p>\n\n Multiple high-grade graphite intercepts in recent step-out drilling extend the Kookaburra Gully Mineral Resource mineralisation to the north, both at surface and downdip.<\/p>\n Lincoln notes that eight of 11 holes that targeted the northern portion of the designed open-pit intersected graphite extend open-pit to the north.<\/p>\n Shallow-depth results include:<\/p>\n \u2022 24m @ 16.8% TGC from 1m Lincoln CEO Jonathon Trewartha said this:<\/p>\n \u201cThese exceptionally high-grade graphite results from drilling at Kookaburra Gully confirm our confidence that we will continue to rapidly develop what is already the second largest graphite resource on Eyre Peninsula.\u201d<\/p>\n And this, too:<\/p>\n \u201cWhat makes these results particularly exciting is that the drilling results are expected to add to our high-grade core of 2.0 Mt at 15.2% TGC that starts at surface. The exceptionally high-grade mineralisation at surface positions us well to be in the lower quartile of the cost-curve once the Pre-Feasibility Study is updated in Q4 of this calendar year.\u201d<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Queensland copper cobalt company True North\u2019s share price is heading truly north on news regarding one of its key operations \u2013 the Cloncurry Copper project.<\/p>\n Essentially, it has a mining restart, with the wheels set to turn, drills set to spin and the mining of ore to get underway at the Wallace North site in early Q4 this year.<\/p>\n This means that all the prep work undertaken by the company so far at the site has been progressing well after it all dried our post monsoonal rain in February and March.<\/p>\n This has included mobilisation of mining equipment and support infrastructure, preparation of existing access and haulage roads for upcoming mining activities.<\/p>\n Not to mention (but mention we will) the completion of short-term mine scheduling by TNC\u2019s technical service teams and the onboarding of skilled mining fleet operators.<\/p>\n In other words, TNC\u2019s been pretty bloody busy.<\/p>\n True North Copper\u2019s MD, Marty Costello, said:<\/p>\n \u201cThis is an exciting and transformative phase for TNC\u2026 CCP project economics confirm a robust mining operation that is low risk and low-cost. Projected mine revenue is A$367M \ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n \u00a0<\/p>\n <\/span><\/p>\n The post Resources Top 4: Talisman hits hot base metal action at Durnings (Not Burning\u2019s. Or Bunnings)<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Talisman Mining (ASX:TLM)<\/strong><\/a><\/h2>\n
TLM share price<\/h2>\n\n
Argent Minerals (ASX:ARD)<\/strong><\/a><\/h2>\n
\nAg, 1.89% Pb and 1.21% Zn received, including highlights of:<\/p>\n
\n115g\/t Ag (3.7 oz Ag\/t) & 0.33% Pb
\n104g\/t Ag (3.44 oz Ag\/t)<\/p>\nARD share price<\/h2>\n\n
Lincoln Minerals (ASX:LML)<\/strong><\/a><\/h2>\n
\n\u2022 29m @ 11.3% TGC from 5m
\n\u2022 16m @ 20.3% TGC from 69m<\/p>\nLML share price<\/h2>\n\n
True North Copper (ASX:TNC)<\/strong><\/a><\/h2>\n
\nwith a free cash flow of A$111M.\u201d<\/p>\nTNC share price<\/h2>\n\n