Gold: Sipa makes Pilbara gold foray, targets Hemi ‘look-alike’
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Sipa Resources (ASX:SRI) has pegged out a new gold project in Western Australia’s Pilbara region that covers a ‘look-alike’ tectonic and geological setting to De Grey Mining’s (ASX:DEG) recent Hemi discovery.
The new Warralong projects covers more than 50km of the Lalla Rookh shear zone close to Port Hedland and features easy access as it is just 2km from the paved Marble Bar road and is bisected by numerous station tracks.
Sipa says the Lalla Rookh shear zone is largely obscured by shallow ground cover and is relatively unexplored, particularly for the new style of intrusion-related mineralisation identified by De Grey in the sub-parallel Tabba Tabba shear zone.
Its move into the Pilbara highlights the growing interest in the region for its gold prospectivity.
Meanwhile, Bulletin Resources (ASX:BNR) has tripled its footprint in the Lake Rebecca area about 150km east-northeast of Kalgoorlie.
Lake Rebecca is adjacent to and along strike from Apollo Consolidated’s (ASX:AOP) 1-million-ounce Rebecca gold project.
The expansion was made through the acquisition of 198sqkm of adjoining granted tenements immediately south and along strike of Lake Rebecca and an application for a new 207sqkm tenement adjoining the new tenements.
Bulletin said that despite its prospectivity and proximity to significant gold resources, the new areas have received little attention in the past as granodiorite-hosted deposits were not considered to contain significant resources in this southern part of the Laverton belt until Apollo defined its Rebecca project.
Over in Côte d’Ivoire, Tietto Minerals (ASX:TIE) has intersected further high-grade gold mineralisation in step-out diamond drilling at the Abujar‐Gludehi AG deposit of its 2.2-million-ounce Abujar gold project.
Holes drilled below the current resource returned hits of 7m at 9.38 grams per tonne (g/t) gold from 259m including 1m at 53.49g/t gold and 4m at 5.06g/t gold from 318m.
The company says the new results extend gold mineralisation by up to 100m below the existing resource model with mineralisation remaining open both along strike and downdip.
Drilling using its in-house rigs is continuing as the company works towards an updated AG resource estimate in the third quarter of 2020.
Kingston Resources (ASX:KSN) continues to plug in more data for an updated resource estimate for its Misima gold project in Papua New Guinea with drilling returning more gold hits.
Notable results from the resource definition drilling program are 16m at 2.16g/t gold including 7m at 3.83g/t gold, 13.5m at 1.26g/t gold and 5m at 1.35g/t gold.
Assays are also pending for several holes testing the eastern extension of the resource.