Aston returns Boomerang nickel sulphide

Aston Minerals (ASX:ASO) has unearthed ‘extensive’ near surface nickel sulphide mineralisation after posting final assays from a drilling program at the Bardwell prospect, as part of its Boomerang nickel-cobalt target at its Edleston Project in Ontario, Canada. 

The $19.42 million market capitalisation company says mineralisation continues to surface, with all results expected to be incorporated into an update of the maiden resource estimate originally published 21 February 2023. 

Sulphur domains will be utilised as part of the nickel recovery geo-metallurgical model. 

Drill core will be composited and sent through to Corem for continued metallurgical testwork. 

Managing Director Russell Bradford says: “The infill nature of the drilling has increased our geological confidence in the maiden Mineral Resource Estimate and this data will now be used to update the Mineral Resource Estimate. 

We will be utilising the updated mineral resource estimation and supporting metallurgical information to undertake further pit optimisation, scheduling and development assessments. 

The recent metallurgical flowsheet development work conducted at Corem shows a clear relationship between not only nickel grade, but sulphur as well. 

It’s very pleasing to see this drilling will potentially not only continue to add nickel tonnes in a higher resource classification category but also the sulphur grades have come back to support strong metallurgical performance. The Mineral Resource Estimate can now be updated with these latest drill results.”

Aston Minerals is a development phase miner focused on advancing its Edleston Project in Ontario, Canada. 

As of December 2023, the company had $5.828 million cash and cash equivalents at hand, according to its latest quarterly report.  

Write to Adam Drought at Mining.com.au

Images: Aston Minerals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.

Trinex plunges into Ross Lake spodumene

Trinex Minerals (ASX:TX3) has confirmed spodumene at the Ross Lake Lithium Project in Canada, upon conducting further analysis on selected rock chip samples taken from Dyke 75. 

The $8.92 million market capitalisation company reports 5 rock chip samples with elevated lithium oxide (Li2O) assay results from 1.07% to 3.31% were selected for semi-quantitative X-Ray Diffraction (XRD) at SGS Laboratories in Lakefield, Ontario to confirm mineralogy of the samples and the presence of spodumene. 

Further, the XRD results confirmed that spodumene is the dominant lithium-bearing mineral in all 5 samples, with up to 37.3% spodumene in sample D00179806. 

Managing Director Will Dix says although the company anticipated these results, it is reassuring to receive the confirmation. 

“This indicates that should the scale of the mineralisation be significant, the main lithium-bearing mineral at Ross Lake will be highly sought after by refiners and end users.”

Meanwhile, at the MAC Project that company arranged for additional ground to be staked which gives Trinex strategic access to the balance of the remaining prospective ground in the area surrounding the project. 

The tenure abuts an area of withdrawn land, where interests are protected by the Government of the Northwest Territories (NWT) on behalf of the First Nations. 

Trinex says the additional area, which will become part of the MAC Project, is expected to be ratified by the NWT government in the next 2-3 weeks. 

Dix says: “We are also very pleased that in a time of significant activity in staking new land for lithium in the NWT, we have been able to secure this small but strategically important ground immediately to the south of our MAC Project. 

The area has been on our watchlist for some time due to its prospectivity, and having access to it from now enables us to adjust our summer 2024 planned work program and follow the pegmatite fractionation vectors to thoroughly test this new area.”

Trinex Minerals is an Australian-based resources company focused on exploring for critical minerals. The company’s assets are considered prospective for lithium, nickel, copper, platinum group elements, and base metals. 

As of 31 December 2023, the company had $3.313 million cash and cash equivalents at hand, according to its latest quarterly report. 

Write to Aaliyah Rogan at Mining.com.au     

Images: Trinex
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.

NickelX doubles down on Ontario uranium

NickelX (ASX:NKL) is gearing up for a field reconnaissance program during the northern hemisphere spring in April/May 2024 at its Elliot Lake Uranium Project in Ontario, Canada. 

The company says the program will include mapping, sampling and drillhole sitting, and is being designed following the discovery of uranium mineralisation and priority target areas identified from data compilation and review at the project. 

Uranium contractors CSA Global and Southern Geoscience have been enlisted to spearhead the program. 

Sparse historical drilling within NickelX’s tenure and immediate surrounds intersected ‘prospective’, mineralised conglomerates that returned average equivalent uranium (U3O8) values up to 900 parts per million (0.9%) U3O8. 

First pass geological review has also identified 3 priority areas, 2 of which with known mineralisation, over a combined 35km strike of prospective tenure. 

The highest priority target, the Crazy Lake-Gods Lake Trend, sits along strike from the ‘large’ historic Quirke No 1 mine about 14km to the east, which exploited uranium-bearing conglomerate beds measuring 13km long and up to 5.5km wide. 

A geophysical data review is in progress designed to better constrain these and generate additional targets. 

Managing Director Matt Gauci says: “The company now owns 100% of the Elliot Lake Uranium Project, part of which is already granted. Our first pass geological review has identified priority target areas with results from a complementary geophysical review expected shortly. 

Importantly, as we are targeting stratabound conglomerate style uranium along underexplored interpreted extensions of a major uranium mining centre, the mineralisation is often consistent in grade and thickness, making for rapid discovery potential.” 

The Elliot Lake uranium district produced 362 million pounds U3O8 at 0.106% from 13 underground mines active between 1955 and 1996 within a 15km by 15km area. 

NickelX is an explorer focused on uranium, gold, and nickel across the southeast and southwest Yilgarn province of Western Australia, as well as the Elliot Lake district in Ontario, Canada.    

The Elliot Lake Project consists of 4 sub-projects comprising a total of 30 multi-cell mining claims for 129km-square.

Write to Adam Drought at Mining.com.au

Images: NickelX 

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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.

Nickel X marks the spot in Canada

Nickel X (ASX:NKL) has snared 100% of the rights to 4 ‘highly prospective’ uranium targets, referred to as the Elliot Lake Uranium Project in Ontario, Canada. 

The Australian explorer plans to target conglomerate-hosted uranium along the underexplored interpreted extensions to the historic ‘major’ uranium mining centre at Elliot Lake. 

Nickel X and uranium contractors from CSA Global and Southern Geoscience will seek to compile all available geological, geophysical, and geochemical data to define ‘high priority’ drill targets. 

Further, both companies will begin dialogue with key stakeholders, including relevant First Nations groups, in respect of any proposed work programs. 

The Elliot project sits in south-central Ontario and covers 30 multi-cell mining claims covering a 129km-square area. 

Nickel X says the project area is considered to have ‘excellent’ year-round access and is close to infrastructure and service centres. 

According to the company, Elliot Lake is also close to electrical and water supplies, as well as the world’s ‘largest’ commercial uranium refinery at Cameco’s (NYSE:CCJ) Blind River. 

Meanwhile, the company completed a 1,700m reverse circulation (RC) drilling program at its Dalwallinu Nickel Copper Platinum Group Element Project, with evaluation of results ongoing. 

Drilling targeted 2 ‘high priority’ geophysical anomalies from the modelled moving loop electromagnetic (MLEM) and fixed loop electromagnetic (FLEM) bedrock conductions, as well as 4 ‘highest priority’ geochemical anomalies. 

All samples have been submitted to ALS for laboratory analysis and assaying. 

Nickel X is a nickel, uranium, and gold explorer focused on making discoveries in the southeast and southwest Yilgarn.

As of 31 December 2023, the company had $1.934 million cash and cash equivalents at hand, according to its latest quarterly report.

Write to Aaliyah Rogan at Mining.com.au   

Images: Nickel X
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.

Critical Resources embarking on major Mavis Lake program

Critical Resources (ASX:CRR) is actively working towards a future mineral resource upgrade at its Mavis Lake Lithium Project in Ontario, Canada. 

The $24.88 million market capitalisation company says its goal of defining a new resource upgrade will be fueled by fresh results from a drilling program completed during H2 2023, with 16,753m drilling from late June through to mid-November. 

Final assays have now been posted, further extending the known mineralisation at Mavis Lake to a strike length of 1.1km with tight-drill spacing providing ‘high confidence’ in the continuity of mineralisation throughout the main zone. 

Results demonstrate lithium oxide grades up to 1.46% Li2O. 

All results are being incorporated into resource modelling work and will underpin the future mineral resource upgrade. 

Critical Resources also announces results are pending from workstreams completed recently across the Northern prospects, all aimed at developing high-confidence future drill targets. 

The Northern prospects provide an immediate opportunity to further expand the scale of Critical Resources’ inventory across the broader Mavis Lake Project area. 

Managing Director Alex Cheeseman says: “These final assay results conclude our drilling activities from 2023 at Mavis Lake, and we are very pleased with the outcomes of that program. 

We have successfully extended the known strike of the mineralisation to 1.1km, including areas of significant thickness and grade successfully in-filled the resource, adding both tonnage and confidence in the consistency of mineralisation, plus identified a new lower zone of mineralisation. All of this sets up a very well for a future resource upgrade. 

The exploration team is still waiting on a series of results for the Northern prospects. Once this information is available, detailed planning will begin for our exploration programs in 2024. 

We are very confident we can continue to grow the Mavis Lake resource and we look forward to taking further significant steps to advance the project in 2024.”

Critical Resources is an explorer and developer of the critical metals required for a decarbonised future, underpinned by a portfolio of lithium projects in Ontario, Canada which are ideally positioned to participate in a rapidly growing North American battery materials supply chain. 

Write to Adam Drought at Mining.com.au

Images: Critical Resources
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.