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Mining Briefs: Tanami, Azimuth, White Rock and more

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Date: 2011-12-20


IN Mining Briefs today: drilling results from Tanami, Azimuth, White Rock and KRE, new tenements for Musgrave and delisting on the cards for Luiri.

Slot mining at Tanami Gold’s Coyote gold project in Western Australia

Junior gold producer Tanami Gold has received high-grade gold results from its Coyote mine and Groundrush deposit.

Drilling at Coyote returned 0.3m at 428 grams per tonne gold from 61.3m, 0.3m at 379gpt gold from 48.3m and 0.3m at 316gpt gold from 45.9m, with ore drive development well positioned to plan access to the mineralisation.

Results from Groundrush included 3m at 32.1gpt gold from 48m and 3m at 32.3gpt gold from 121m.

Tanami expects the current drilling to increase the 535,000-ounce Groundrush gold resource.

Azimuth Resources has announced new results from the Smarts prospect, part of the West Omai gold project in Guyana.

Reverse circulation results included 27m at 8.8gpt gold from 41m, 35m at 6.4gpt gold from 74m, while diamond drilling intersected 8m at 9.8gpt gold from 89m, 14m at 7.5gpt gold from 109m, 22m at 3.8gpt gold from 67m and 11m at 11.4gpt gold from 31m.

The company is awaiting results from first-pass drilling at the Kaburi prospect.

Azimuth has also begun the process to list on the Toronto Stock Exchange early next year.

Meanwhile, the latest drilling at White Rock Minerals’ Mount Carrington project in New South Wales will be incorporated into a resource upgrade.

Results from the Strauss deposit included 31.1m at 2gpt gold from 2.9m, 43.1m at 2.3gpt gold from 4.4m, including 9.8m at 8.4gpt gold and 15m at 3.4gpt gold from 67m, while results from the Kylo deposit included 15m at 1.3gpt gold from 18m, including 4m at 2.9gpt gold and 17m at 2gpt gold from 55m, including 3m at 5.7gpt gold from 55m.

The results will be incorporated into a new resource estimate early next year.

Kimberley Rare Earths has received the final assays from drilling at its flagship Cummins Range project.

Infill and extensional drilling returned 75m at 1.16% total rare earth oxide from 4m, 39m at 2.15% TREO from 2m, 39m at 1.81% TREO from 21m, 8m at 2.19% TREO from 45m and 10m at 3.04% TREO from 25m.

Work on a new resource estimate has begun.

Dual-listed Luiri Gold is applying for voluntary delisting of its shares from the TSX Venture Exchange.

The company cited low trading volumes and Canadian ownership, as well as the costs, as reasons for the move.

Its shares will remain listed in Australia.

Finally, Musgrave Minerals has signed a deed of exploration with the Anangu Pitjantjatjara Yankunytjatjara covering four tenements in the Musgrave region of South Australia.

The granting of the tenements, which is subject to ministerial approval, will more than double the company’s ground in the region to 12,900sq.km.



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