The Conversation (0)
Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to provide an update on exploration activities at its 100%-owned Dalgaranga Gold Project (“DGP”), located in the Murchison region of Western Australia.
HIGHLIGHTS
Pepper Gold Prospect – new intercept significantly expands known extents of high-grade discovery:
- 25.24m @ 16.66g/t gold (uncut) from 616.41m down-hole (DGRC1431-DT-W1), including:
- 5.21m @ 18.74g/t, 4.65m @ 52.46g/tand 5.44m @ 12.39g/t gold in three separate high grade sub-intervals within the overall high-grade drill intercept.
- The intercept in DGRC1431-DT-W1 confirms that high-grade gold mineralisation extends more than 115 metres down-plunge from DGDH070, which returned 14.73m @ 11.42g/tgold as well as northward more than 85m beyond the previous deepest Pepper intercept of 11.28m @ 5.94g/t gold from previously announced drill-hole DGDH069.
- A maiden Mineral Resource Estimate for the high-grade Pepper Gold Prospect will be completed as part of the scheduled mid-year resource update for the Dalgaranga Gold Project.
Figure 1: Long Section of the Never Never Gold Deposit, Pepper, Four Pillars and West Winds Gold Prospects looking East. New high- grade intercept assay at Pepper highlighted in gold callout box. Note the proposed exploration drill drive design in black.
This release contains new assay results from recent surface drilling targeting extensions of the recently discovered high-grade Pepper Gold Prospect (DGRC1431-DT-W1), as well as in-fill (DGDH062) and exploration drilling (DGDH067) from the immediately adjacent and growing 0.95Moz @ 5.74g/t Never Never Gold Deposit.
Management Comment
Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “Just weeks after its discovery in May 2024, Pepper is already emerging as a significant new high-grade ore system immediately adjacent to our flagship deposit, the 0.95Moz Never Never Gold Deposit, discovered in 2022.
“This latest drill intercept in DGRC1431-DT-W1 of 25.24m @ 16.66g/t gold is the best and also the deepest Pepper drill intercept to date and, at 420.5 gram x metres, is the fourth best intercept ever recorded at the Dalgaranga Gold Project, Never Never included!
“The other two results reported today are certainly lower grade, however the intercept of 20.38m @ 0.92g/t gold in DGDH067 comes from within the shear zone that defines the northern margin of Never Never, and the other intercept of 12.55m @ 1.00g/t gold in DGDH062 defines the lower grade zone that
sits between Never Never and the new Pepper Gold Prospect, these holes provide useful information for constraining the ‘edges’ of the mineralisation ahead of the upcoming mid-year resource updates.
“Owning high-grade resources close to relatively new processing infrastructure is a great formula and the foundation behind many highly successful and resilient producers, past and present. What differentiates our opportunity – the Spartan story – is that we are generating excitement, momentum and value by drilling and actively growing our high-grade gold resources through continuous discovery, right in front of our existing infrastructure.
“While we continue to increase the value of our assets and our company through the drill bit, the next key phase in our strategy will get underway shortly with the commencement of our underground exploration drill drive. This will provide the key drill platforms from which we will continue to drive resource growth, generate reserves and grade control the key Never Never Gold Deposit, as well as explore for more high- grade discoveries.
“The added benefit of the drill drive is that it can rapidly become the natural backbone, a critical piece of capital development, for any future underground mining scenarios – providing access to the Never Never, Pepper and West Winds target zones.
“Considering what we have achieved with surface drilling over the past two years, the development of the exploration drill drive has the potential to take the Spartan story to the next level as we get up close and personal with our recent high-grade discoveries and continue to focus on delivering tangible outcomes for our shareholders.”
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This article includes content from Spartan Resources, 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.
SPR:AU
AI Defines 18 New Gold Targets at Music Well
SensOre consultants have applied artificial intelligence (AI), machine learning (ML) and other processing techniques using both public and proprietary datasets over the Music Well Project.
- Cutting edge AI/ML algorithms targeting areas with minimal outcrop or under cover.
- Integration of geological, geochemical and geophysical data sets into the AI process to define digital mineralisation fingerprints and generate AI-enhanced gold discovery predictions.
- The AI SensOre study concluded that “Application of ML algorithms were found to model +1m oz Au potential with a high degree of predictability, and a total of 18 targets were identified within the Music Well project”:
- Target 1 has the highest priority and is in the central north of the project with a strike length of 8km.
- Target 1 trends NNW parallel to the general geological fabric as well as being intersected by several WNW trending cross structures.
- Target 2 is located 4km east of the Wonder Deeps mine of Northern Star and is adjacent to a parallel WNW trending structure hosting Vault Minerals Great Western mine.
- Target 2 is 1.4km in strike and 800m wide.
- No historic drilling has been recorded at any of the target areas, highlighting the underexplored nature of the Music Well project.
- Next Steps
- Geological mapping and sampling over these new targets are scheduled for the next two weeks to gain further insight into the new targets.
- Results from the January rock chip sampling program are expected shortly.
Andrew Ford, GM Exploration
“The work by SensOre has focussed our attention from areas of outcrop, toward regional targets which are obscured in many cases by thin cover and sheetwash. By applying groundbreaking technologies such as artificial intelligence has enabled the rapid prioritization of multiple targets. The definition of targets reflecting a specific geophysical and geochemical response which also focuses on key mineralised structural trends provides encouragement as to the robust nature of the targeting process”.
Figure1: Regional Tenement Packages and Gold Projects
Background:
Augustus Minerals Limited( ASX: AUG) holds the exploration licenses and applications comprising the Music Well Gold Project (“Project”) located 35km north of Leonora in the Leonora/Laverton Greenstone Belt of Western Australia.
Music Well comprises ten exploration licences covering an area of 1,345km2, making the Project one of the largest exploration packages in the region (Figures 1 and 2).
The outstanding gold endowment of the Leonora-Laverton District of >28M ounces3 is illustrated by the numerous operating gold mines including the Darlot Gold Mine (~12km to the north), the King of the Hills Mine (~20km to the west), the Leonora Gold Camp (~30km to the southwest), and the Thunderbox Gold Mine (~20km to the west).
AI Enhanced Gold Exploration
The Company commenced a gold targeting exercise with SensOre_X Pty Ltd (SensOre) in November 2024, using their Artificial Intelligence (AI) and Machine Learning (ML) technologies to allow predictive analytics to generate targets for discovery of gold systems at the Music Well project.
SensOre is an industry leading technology services provider of AI/ML applications to the minerals exploration and mining industry. SensOre’s technologies have been developed over many years and involve the application of new computer assisted statistical approaches and ML techniques across the mineral cycle to provide the next generation of exploration discoveries. SensOre aims to become the top global minerals targeting company through deployment of big data, AI/ML technologies and geoscience expertise.
The Company committed to this new technological approach to gold exploration at Music Well to reinforce the existing generative exploration undertaken by the Company and deliver new “out of the box” targets for gold mineralisation over the project area, which has minimal historic exploration and limited outcrop.
In addition, the Company has inherited a large and impressive database of geological, geochemical, and geophysical information since acquiring Music Well Gold Mines Pty Ltd in late 2024. Having a variety of good quality datasets is considered a key attribute for the application of the AI/ML technology to accelerate the discovery process. The data layers used in the AI/ML processing include results from 2,478 Ultra fine fraction soil samples, 18,042 soil samples and 155 rock chip samples, in addition to detailed aeromagnetic and gravity data.
The Music Well project is contained within an area of influence (AOI) where a “data cube” was constructed covering the four 100k scale regional map sheets containing 80m x 80m cells. This data cube contains 1,440,000 cells x 1,618 variables where the AI/ML technology was applied.
Figure 2: SensOre geophysical predictions identifying multiple intrusion types and an area of probable mafic/ultramafic rocks in the SE of the project
The application of the machine learning approach applied by SensOre to the database of geochemical, geological and geophysical information compiled over the Company’s AOI has demonstrated the highly gold prospective nature of the Music Well project. Application of the machine learning algorithms modelled the probability of gold systems within the AOI and more specifically the Music Well project. This required 107 variables for discrimination that were applied to the 80m by 80m cells within the AOI.
Click here for the full ASX Release
This article includes content from Augustus Minerals, 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.
