GMJ133_Oct_Dec_magweb

www.nucleussc.co.za

continue to drive long-term client value.” AUMS has been retained as the key mining contractor
at Roxgold’s Yaramoko operation in Burkina Faso
Total has been in PNG since 2012 and has a large portfolio
of businesses that includes upstream activities, retail and
lubricants.

Total will supply 14 million litres of lubricants SMS set to book $640 million from
to Lihir over the next four years new wa gold mines

AUMS extends stay with Roxgold at SMS Mining Services is set to be awarded separate mining
Yaramoko contracts valued at a combined $640 million for two upcoming
gold developments in Western Australia.
Ausdrill Ltd affiliate African Underground Mining Services
(AUMS) will remain lead mining contractor at Roxgold Inc’s A $420 million mining contract at Capricorn Metals Ltd’s
Yaramoko gold operation in Burkina Faso for at least another Karlawinda project, near Newman, is on the table, along with
2.5 years. a $220 million tender for privately-owned Adaman Resources’
Kirkalocka project, about 70km south of Mt Magnet.
AUMS was recently awarded a rollover/extension of services
contract to continue at the Zone 55 underground mine, as well SMS managing director Danny Sweeney described the two
as a new commencement of works contract for the upcoming contract wins as “transformational” for the mining services
Bagassi South underground mine. provider.

The combined value of the contracts is estimated at $US160 “We now have an order book exceeding $1 billion, contracts
million and carries an option for a 12-month extension. The in the pipeline extending out to 2027, and a remaining tender
scope of work includes supply of all underground mining pipeline of over $1.2 billion,” Sweeney said.
services such as development and production activities,
diamond drilling and associated services. The Karlawinda contract covers the entire life of mine (currently 8
years and 10 months) and consists of open-pit mining services,
About 300 people will be employed to execute the contract, including load and haul, drill and blast, and mine development.
including 225 Burkinabe employees. A peak workforce of up to 145 personnel is estimated.

AUMS is a 50:50 JV between Ausdrill and Barminco Holdings Formal contract award is subject to final contract negotiations
Pty Ltd, with the former currently in the process of acquiring its which SMS expects to finalise in the coming months. Contract
long-term JV partner. works are due to start in the second quarter of 2019.

The proposed four-year contract at Kirkalocka also consists of
open pit mining services, with up to 115 personnel expected
to be employed during operations, and includes an option to
extend. Drilling to extend the mine life beyond the current six
years remains ongoing.

SMS holds a 33% stake in Adaman as part of its equity strategy
of supporting small and mid-tier miners to enter production.

Nucleus Mining Logistics pNrUoCvidLeEsUhSigh levels

of service to clients seeking world-class
supply chain management solutions.

greenfield exploration / construction projects / operational logistics

Page 51

DRILL BITS www.strikedrilling.com.au

Bellevue Gold reported its highest gram-metre drill intercept – 292 test below these outcropping sulphide veins, intersected six
gram-metres – to date at the Bellevue project, near Leinster, WA zones of arsenopyrite mineralisation down to approximately
100m below surface, including several veins which do not
Bellevue brimming outcrop at surface.”

Broad-spaced diamond drilling at the high-grade Tribune and Riversgold will now carry out systematic surface geochemical
Viago Lodes at the Bellevue gold project, Western Australia, sampling and geophysical surveys, with follow-up diamond
continues to deliver for Bellevue Gold Ltd. drilling to determine the full extent of high-grade gold
mineralisation at Quicksilver.
Step-out diamond drill results included 10.1m @ 29 g/t gold
from 188m (including 7m @ 37.9 g/t); 3.35m @ 37.4 g/t from Black Dragon fires at Salave
562.4m (including 0.5m @ 159 g/t); 2.8m @ 19 g/t from 571.6m
and 1.5m @ 23.9 g/t from 566.3m. Black Dragon Gold Corp has struck high-grade gold
intersections from the final two holes of the company’s 2018
Rivers of gold flow quick infill and definition drilling campaign at Salave in the Asturias
region, northern Spain.
Riversgold Ltd managing director Allan Kelly said recent
results from the Quicksilver prospect, south-west Alaska, Best results were from BD18-07: 23.3m @ 29.1 g/t gold from
confirmed significant potential for the target to host a large, 164.8m (including 9.1m @ 65.1 g/t from 171.8m and 3.4m @
and potentially high-grade, gold deposit. 148 g/t Au from 176m) and BD18-06: 4.8m @ 16.3 g/t from
230.7m; 14m @ 10 g/t from 209.9m (including 4.1 @ 24.5 g/t
“We have now proved the existence of multiple sulphide veins from 219.8m). The results from drill holes BD18-06 and 07 are
at the main Quicksilver target with remarkably consistent high-
grade gold results over a wide area,” Kelly said.

“Significantly, drill hole LQDD0003, which was designed to

the future force in drilling

mineral exploration

Page 52

www.strikewdwrilwlin.ngu.colemu.sasuc.co.za

beyond the constraints of the current resource and confirm the The resource estimate of the Galat Sufar South and Wadi
potential for significant exploration upside to Salave’s existing Doum deposits comprises 79.9mt @ 1.3 g/t gold for 3.34
measured and indicated resource of 6.52mt @ 4.51 g/t gold moz (indicated) and 18.5mt @ 1.2 g/t for 711,000oz (inferred)
for 944,000oz. respectively.

Genesis pens upgrade at Ulysses The indicated resources will feed into a reserve estimate,
which will form the basis for the feasibility study due for release
Results from Genesis Minerals Ltd’s resource infill and in November.
extensional drilling programme below the 321,000oz Ulysses
gold project, 30km south of Leonora in WA, are delivering Significant drill results at Galat Sufar South included 123m @
positive outcomes ahead of a resource update in October. 1.96 g/t gold; 50m @ 3.05 g/t; 61m @ 1.67 g/t while at Wadi
Doum, hits of 14m @ 8.96 g/t; 5m @ 15.23 g/t and 32m @ 1.88
Assays from recent infill drilling extending up to 300m below g/t were returned.
surface, over a strike length of approximately 800m, and up
to 300m down-dip of the current resource boundary have The updated resource estimate at Block 14 was based on
returned hits of 2m @ 40.30 g/t gold from 192m; 3m @ 26.96 111,761m of drilling in 756 holes. Earlier this year, Resolute
g/t from 182m and 1.93m @ 30.06 g/t from 262.21m. Mining Ltd paid $C22 million for a 17% interest in Orca.

OceanaGold hits high at WKP More down below at Carlow

OceanaGold Corp has reported additional high-grade gold Shallow and deeper high-grade gold, cobalt and copper assays
mineralisation along the East Graben vein at the WKP continue to be delivered from Artemis Resources Ltd’s Carlow
prospect in New Zealand. These drill results add strike length, Castle project, West Pilbara, with new intersections highlighting
support the high-grade results reported in July and form part of the depth potential of the mineralised shear zone system.
a more extensive ongoing exploration drill programme.
Best high-grade intervals across Carlow Castle South East
Significant true-width intercepts included 5m @ 39.04 g/t gold included 25m @ 3.38 g/t gold, 0.24% cobalt, 0.77% copper
and 76.6 g/t silver; 3.6m @ 35.79 g/t gold, 43.3 g/t silver; 4.5m @ from 228m (including 5m @ 9.62 g/t gold, 0.65% cobalt, 0.79%
10.46 g/t gold, 7.5 g/t silver; 2.1m @ 23.08 g/t gold, 49.5 g/t silver. copper from 238m); 43m @ 0.99 g/t gold, 0.16% cobalt, 1.05%
copper from 66m (including 2m @ 4.71 g/t gold, 1.04% cobalt,
“Drilling at WKP commenced with one drill rig in August of 1.44% copper from 65m); 34m @ 1.27 g/t gold, 0.06% cobalt,
2017 and as the drill programme delivered positive results, we 1.34% copper from 47m (including 5m @ 4 g/t gold, 0.03%
allocated additional resources and investment to support the cobalt, 2.48% copper from 71m); 9m @ 3.45 g/t gold, 0.21%
exploration programme. With the latest results, two rigs are cobalt, and 0.83% copper from 50m (including 3m @ 7.86 g/t
dedicated to resource definition drilling and follow-up drilling gold, 0.45% cobalt, 1.42% copper from 55m); 24m @ 0.77 g/t
is planned on other areas of high-grade mineralisation,” gold, 0.05% cobalt, 1.8% copper from 4m; 14m @ 3.21 g/t
OceanaGold president Mick Wilkes said. gold, 0.07% cobalt, 1.55% copper from 25m.

A further 5,300m of infill resource definition diamond drilling Artemis chief executive Wayne Bramwell said: “The latest
is planned for the rest of 2018 which will also test other major results continue to support our view that there are multiple
veins on the prospect. mineralising events and deeper extensions existing within the
larger Carlow Castle system.”
Orca indicates Sudan potential
A resource update from Carlow Castle is expected in Q4.
Orca Gold Inc has reported an increase in indicated resources
at the Block 14 project in Sudan.

deep reverse circulation
high capacity aircore

10 Bradford Street Kewdale Western Australia 6105

strikedrilling.com.au 08 935 335 52 subscribe

Page 53

HIDDEN TREASURES

Trail of
discovery

Australians are urged to move their thinking beyond Prof Iain Stewart
dinosaurs and volcanoes when it comes to appreciating
just how much their modern day lives are being impacted by public knows and what they have concerns about.”
the geosciences. Prof Stewart said in that context, how the sector promoted
geology to the next generation of wannabe scientists and
However, the onus is on the sector to simplify geosciences engineers would be crucial to the success of reaching into the
so it can be understood and appreciated by the general education system to enthuse and inspire young students about
public, according to one of the BBC’s foremost environmental Planet Earth, how it works and what that means for society.
documentary producers, geologist and communicator,
Professor Iain Stewart, whose Rise of the Continents and
numerous other video series are internationally acclaimed.

In Adelaide for the Australian Geoscience Council Convention
(ACCC) Big Issues and Ideas in Geoscience during Earth
Science Week in October, Stewart pushed for education
reform around geosciences.

“Alongside complex scientific and technical challenges is
the problem that, to most people – beyond dinosaurs and
volcanoes – the geological world is unknown territory,” Prof
Stewart said.

“That unfamiliarity presents difficulties for professional
geoscientists communicating to decision-makers, politicians
and the wider public, what they do, what they know and how
that is impacting society.

“Equally, developing public participation strategies that
effectively engage with citizens, communities and stakeholder
groups requires geoscientists to better appreciate what the

INDEX

Acacia 7, 8 Explaurum 15 Middle Island 19 Round Oak 10
Adaman 51 Roxgold 51
Anglo American Genesis 53 Musgrave 26
AngloGold 31, 46 Gold Fields 9, 17, 25 Saracen 13, 17, 25, 26
Artemis 7, 8, 9, 50 Gold Road Newcrest 10, 34, 50 Shandong 8
Ausmex 38, 51, 53 Golden Harp 34 Sibanye 9
Australian Mines Great Panther 48 Newmont 9, 13, 22, 28, 34 South32
10 48 St Barbara 31
20 Highlands Nexus 13 Sumitomo 17, 26
43
IAMGOLD Northern Star 4, 17, 22-29, Tanami 22
Independence 9
34 33, 38 Vedanta 28
K92 Mining Venturex
Kirkland Lake 43-44 Norwest 20 7
34 Westgold 25
Barrick 4,7,8,9,15,17,28, Lodestar
20 Zijin 26
31, 37, 43 Malachite OceanaGold 53
Medusa 10 Orca 53 8
Beadell 48 40-41

Bellevue 15, 17, 34, 52

BHP 4, 7, 31 Ramelius 15
Randgold 7, 8, 9, 15, 17
Black Dragon 52 Regis
Reidel 15-17
Breaker 5 Resolute 20
Rio Tinto
Capricorn 15-17, 51 Riversgold 4, 53
RNC 4
Echo 17, 25
Evolution 17, 25, 33 52
12

Page 54

ASX code: CMM

A Compelling
Opportunity
in the Australian
Gold Sector

A straight forward gold mining
project with considerable upside

Positive Feasibility Study - Stand-alone gold project

• Bibra Deposit – Ore Reserve 892,000oz (May2018)
• Based on previous 1.4Moz Measured and Idicated
Resources (May 2018)

• Single low strip ratio open pit
• Firm “base case” economics

• ~100,000oz/pa at an average AISC A$1038/oz
over an initial 8 years

Premier “low risk” mining jurisdiction

• Permitting advancing to schedule

Targeting first gold production late-2019

• Debt financing process underway

Ongoing Resource growth from active exploration
programs

• 50.96Mt @ 0.9 g/t Au for 1,525,000oz (May 2018)
• 100% growth in Resources since acquisition

Ongoing project optimisation

• Guaranteed Maximum Price, EPC tender process completed
– significant capex savings

• Pit redesign and reschedule (June 2018)
– improved cashflows

• Optimised project power solution (Sept 2018)
– significant opex savings

Proven geological endowment - minimal previous
exploration

• 1400km2 of 100% owned exploration and mining
tenements

• Large scale K3/Francopan prospect yet to be
evaluated

• Aggressive ongoing exploration program

Page 55 capmetals.com.au

One of Australia’s highest grade gold projects

Historic Bellevue Gold Mine

• Recently announced maiden resource of 500,000oz @ 8.2g/t gold
• Significant gold discovery that is growing rapidly in 2018
• Highly experienced team with a track record of discovery success
• A unique opportunity to revisit & unlock the potential of one of Australia’s

historic great high grade gold mines

+61 8 6424 8077
[email protected]
bellevuegold.com.au