Basic Materials

Juniors on Radar: 5 ASX Explorers to Watch

Wed 22 Dec 21, 11:28am (AEST)
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Key Points

  • Five junior miners with interesting results today

Titanium Sands receives grant for extension of the term of license EL351

Titanium Sands (ASX: TSL) has received notification from the Geological Survey and Mines Bureau (“GSMB”) that the Company’s application for the extension of the term of license EL351 has been granted.

The EL has been renewed for a further 2-year term expiring on 12 December 2023.

Viking Mines receives high-grade results

Viking Mines (ASX: VKA) announce the first set of assay results have been received for 7 of the 72 holes completed (10% of the programme). These first results are from the First Hit North target area and confirm the presence of high-grade gold mineralisation 720m north of the historic high grade First Hit gold mine.

Commenting on result Viking Mines managing director & CEO Julian Woodcock said:

“The first set of assay results from our extensive 72-hole, 6,723m drill programme highlight the excellent potential of our First Hit Project to host multiple mineralised high-grade shoots.”

“Viking has been consistently executing an exploration strategy focused on identifying narrow-vein, high-grade shoots and holes VKRC0023 and VKRC0066 provide the Company with exposure to previously undiscovered mineralisation.”

Dundas Minerals exploration update

Dundas Minerals (ASX: DUN) updated on various exploration activities that commenced during December 2021: Including completion of the in-fill ground gravity survey program which commenced 10 December 2021.

The survey was conducted on measurement stations at 100m intervals on 250m spaced lines. Final data has been delivered and it is expected that processing will be finalised early in the new year.

Commenting on the commencement of drilling, Dundas managing director Shane Volk said:

“We are extremely pleased to have commenced Dundas’s inaugural drilling program in December.”

“The holes – drilled to a maximum depth of approximately 150m, are the first holes within our 1,200km2 tenement package to penetrate the underlying bedrock, and already we’re gleaning important new information.

Chesser Resources new high grade gold discovery

Chesser Resources (ASX: CHZ) provided an update on drilling results from the Diamba Sud Gold Project in Senegal, West Africa. This release reports on the Phase 7 drill results from 33 reverse circulation drill (“RC”) holes, totalling 4,178m over three prospects on the Diamba Sud tenement.

Chesser’s MD and CEO Andrew Grove commented:

“Area H results clearly demonstrate the significant exploration potential that still exists over the Diamba Sud tenement.”

“Mineralisation is open along strike and at depth and drilling planned for next year will add this area to the Resource inventory.”

Dominion Minerals drilling confirms thick, high calcium limestone at the Georgia Lime Project, US

Dominion Minerals (ASX: DLM) announce that the drilling program at the Georgia Lime Project (“the Project”) in south west Georgia has confirmed thick, high calcium limestone in all 13 drill holes completed in the 2021 drilling program.

The deposit is hosted in the upper Ocala Limestone, a shallow deposit that lies at or near the surface in southwestern Georgia. Within the property, the Ocala Limestone consists of a near horizontal strata of very light grey – light beige fossiliferous limestone.

Commenting on the results, executive director Dominic Allen said:

“We are encouraged by the results of the 2021 drilling campaign which confirms the results from historical exploration and indicates the potential to host a large, high calcium limestone deposit in an infrastructure rich region with significant baseload demand.”

“Work is now underway to incorporate the results into a maiden mineral resource estimate, anticipated for release in early 2022.”

Written By

Mark Story

Editor

Mark is an award-winning investigative financial journalist and editor who started his career working for Marathon Oil in London. He has a degree in politics/economics, a diploma in journalism and has completed the Institute of Directors course. Mark has worked on 70-plus newspapers and financial publications across Australia, NZ, the US, and Asia including: The Australian Financial Review, Money Magazine, Australian Property Investor and Finance Asia. Mark is passionate about improving the financial literacy of all Australians through the highest quality content.

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