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Belararox Limited (ASX:BRX) (“Belararox” or “the Company”), an advanced mineral explorer focused on high-value clean energy metals, is pleased to announce that Managing Director Arvind Misra has travelled to Argentina, visiting Buenos Aries, Mendoza, San Juan, and the Toro target at the TMT Project. Exploration Director Jason Ward has moved permanently to Argentina to oversee the TMT Project.
Key Highlights
- BRX operations in Argentina fully established following a visit to Argentina by Managing Director Arvind Misra and Exploration Director Jason Ward and meetings with key Government officials, contractors, and the Condor Exploration Team involved with the Toro-Malambo-Tambo (“TMT”) Project.
- Exploration Director Jason Ward has moved to Argentina to oversee the TMT Project
- GWK SA board reorganised with Jason Ward nominated as President (CEO equivalent), Arvind Misra as Chairman and Juan Cruz Cardoso as director. GWK SA is 100% owned Argentinian subsidiary of Belararox.
- Earthworks Contractors have mobilised to the TMT Project with road rehabilitation well underway.
- BRX through its subsidiary GWK SA has established a new office in San Juan, Argentina and has appointed several key staff members on a full-time basis to oversee the execution and management of the TMT exploration program.
During the visit BRX directors made arrangements to meet and build relationships with key leaders and stakeholders of the exploration and mining sector within Argentina.
Managing Director Arvind Misra commented on the visit −
“BRX's operations are now firmly established after productive meetings with government officials, contractors, and the Condor Exploration Team. Jason Ward's presence in Argentina to oversee the TMT Project signifies our commitment. The GWK SA board restructure and earthworks progress are key highlights, and our new office in San Juan is poised for success. Our interactions with government officials underscore their unwavering support for our endeavors. Exciting times ahead for BRX in Argentina.”
TMT Project – Geological Context for Discovery
Figure 1: The location of the Toro-Malambo-Tambo (“TMT”) project relative to the El IndoMetallogenic Belt and the Maricunga Metallogenic Belt[1][1] = Source data (Filo Mining Corp., 2020), (E& MJ Engineering and Mining Journal, 2021), & (Barrick Gold Corporation, 2023)
The TMT project is located Argentina, near the Chile-Argentina border in an area where exploration activities have been closing the underexplored gap between the [i] El Indo Metallogenic Belt, which contains the Veladero and Pascua Lima deposits, and the [ii] Maricunga Metallogenic Belt, which contains the Filo del Sol and Josemaria deposits (refer to Figure 1).
A total of eleven (11) high- sulphidation epithermal and/or porphyry targets were highlighted in the recent desktop study that included satellite hyperspectral interpretations that delineated high- sulphidation epithermal and/or porphyry targets: for more information, please refer to the BRX ASX Release dated 23rd May 2023 and Figure 2.
Figure 2: Eleven prospective targets identified from satellite spectral imagery and geological interpretation of hydrothermal alteration zones [Modified from (Garwin, 2023): BRX ASX Release dated 23rd May 2023]
Key Stakeholder Meetings in Argentina
Key Stakeholder Meetings and events undertaken in Argentina: included
- 8th Sep BRX Managing Director Arvind Misra met with Dr Simon Twisk, Australian Ambassador for Argentina − Buenos Aries (refer to Figure 3 on page 4);
- 11th Sep BRX Managing Director Arvind Misra met with Dr Pamela Morales, Undersecretary for the Ministry of Productive Development Government of Argentina − Buenos Aries (refer to Figure 4 on page 4);
- 13th Sep BRX Managing Director Arvind Misra met with key members of the Condor Prospecting Team, in San Juan / Mendoza (refer to Figure 5 & Figure 6 on page 5, and Figure 7 on page 6);
- 14th Sep BRX Managing Director Arvind Misra and Exploration Director Jason Ward met with Marcelo Orrego, Governor-Elect of San Juan (refer to Figure 8 on page 6);
- 14th Sep BRX Managing Director Arvind Misra and Exploration Director Jason Ward met with Ricardo Martinez Chair of the Mining Chamber of San Juan (refer to Figure 9 on page 7);
- 15th Sep BRX Managing Director Arvind Misra met with the Director of Mining Mendoza Mining department;
- 18th Sep BRX Managing Director Arvind Misra met with Carlos Astudillo, Minister of Mining for San Juan (refer to Figure 10 on page 7); and
- 18th Sep − 20th Sep Managing Director Arvind Misra and Exploration Manager Arturo Guardiola went through the plans for the 2023-24 field season and visited site The Earthworks Contractor had been engaged and has mobilised to upgrade the access route to the TMT Project.
The meetings with Government officials including the Minister for Mining of San Juan Carlos Astudillo, Governor Elect of San Juan Marcelo Orrego, and Australian Ambassador to Argentina Argentineans to support the proposed exploration activities, together with Government Officials offering their unwavering commitment to providing full support.
Click here for the full ASX Release
This article includes content from Belararox Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
BRX:AU
High grade Assay Results Continue at Youanmi
- The latest batch of assays have been received from the 11,000m drilling program (both diamond core and reverse circulation) at the high gold-grade Youanmi Gold Project, located centrally in Western Australia’s prolific gold fields
- The recently-completed infill/exploration program aimed to improve resource confidence and open up corridors for resource growth; to underpin the Definitive Feasibility Study (DFS), and, additionally, provide sample material for ongoing metallurgical optimisation test-work for the DFS program
- Latest highlights from the program include:
- RXDD131: 4.38m @ 19.07 g/t Au from 387.98m,
- incl. 1.73m @ 41.43 g/t Au from 389.96m
- RXDD119: 4.56m @ 14.60 g/t Au from 220.64m
- RXDD115: 2.99m @ 21.11 g/t Au from 249.88m
- RXDD119: 4.0m @ 7.37 g/t Au from 162.0m
- RXDD132: 7.19m @ 3.90 g/t Au from 263.61m
- RXDD133: 2.83m @ 6.53 g/t Au from 431.00m
- RXDD128: 3.82m @ 4.51 g/t Au from 364.59m,
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- RXDD122: 0.95m @ 13.50 g/t Au from 204.44m
- §These results further demonstrate the continuity of high- grade gold mineralisation along the Youanmi greenstone belt belt, and the potential for resource growth both at depth and along-strike, with discovery potential to the south
- 35,000m Step-up drill campaign well underway with the plan to bring forward ounces and increase the mine plan
The program focused on converting Inferred stopes at Pollard, United North and Youanmi Main to higher confidence Indicated classification and providing material for metallurgical testing for the upcoming Definitive Feasibility Study (DFS) – on track for H2 CY25.
This final consignment of diamond assay results are the fourth batch of assays results returned from the drill program and have been entirely drilled from the Pollard, Youanmi and United North areas (Figure 1).
Rox Resources’ Chief Executive Officer, Phillip Wilding, commented:
“It’s pleasing to round out the 11,000m RD and DD drilling program with another batch of excellent intercepts.
“More importantly, the program has significantly improved our knowledge of the high grade and underexplored Youanmi ore system, and shown that mineralisation remains open at depth.
“Next steps are to convert Inferred areas of the Resource to the higher confidence Indicated classification, and finalise key intercepts of sample material for metallurgical test work to feed into the Youanmi DFS.
“We are excited to have commenced the 35,000m Step-up program to potentially bring forward ounces in the mine plan and significantly increase the size of the Pollard ore zone.”
Youanmi Major Growth Drill program
Resource drilling has focused on converting selected Inferred stopes in the current Mineral Resource of 16.2Mt at 4.4g/t Au for 2.3Moz (Indicated: 10.7Mt at 4.5g/t Au for 1.6 Moz : Inferred 5.5Mt at 4.2g/t Au for 0.7 Moz) 1 to higher confidence Indicated classification at Pollard, United North and Youanmi Main as shown in plan on Figure 1. The drilling has also provided both sample material for metallurgical testing and valuable geological data for the pending Definitive Feasibility Study (“DFS”) planned for second half of 2025.
Figure 1: Plan view of the Youanmi Gold Project featuring drill hole collar locations and 2024 Resource outline overprinted on aerial photography
Outside of the immediate resource area, drilling was also conducted on near-mine exploration and focused on the Youanmi South prospect area, or Paddy’s Lode, first reporting high-grade intercepts in 20232. The drilling at Paddy’s has complimented the Company’s exploration strategy moving south along the Main Lode Shear Zone (MLSZ) and adding additional gold ounces to the Resource. Youanmi South has the potential to grow the Resource above the 103kozpa Production Target outlined in the recently completed Pre-Feasibility Study (“PFS”)3.
Click here for the full ASX Release
This article includes content from Rox Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
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This article includes content from Alice Queen Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
