Proactiveinvestors Australia Arrow Minerals Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Arrow Minerals Ltd RSS feed en Mon, 17 Jun 2019 13:16:11 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Arrow Minerals drill results confirm gold potential at Helsinki prospect ]]> https://www.proactiveinvestors.com.au/companies/news/221597/arrow-minerals-drill-results-confirm-gold-potential-at-helsinki-prospect-221597.html Arrow Minerals Ltd (ASX:AMD) has received results for first-pass aircore drilling at the Helskini Prospect within the Strickland Gold Project in Western Australia.

A total of 55 holes were drilled to an average depth of 32 metres and intersected anomalous gold including 6 metres at 1.1 g/t gold from 11 metres.

In addition, during the drilling campaign, five rock samples were collected from areas of interest, with a sheared felsic rock returning a gold result of 15.4 g/t gold.

This result confirms the prospectivity of the felsic rocks to be a source of hydrothermal fluids which have created significant structural pathways for gold-bearing fluid migration.

READ: Arrow Minerals and Independence Group begin drilling at Plumridge Nickel Project

Further drilling at Helsinki will target the area where a major mineralised fluid pathway is thought to exist.

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Thu, 06 Jun 2019 11:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221597/arrow-minerals-drill-results-confirm-gold-potential-at-helsinki-prospect-221597.html
<![CDATA[News - Arrow Minerals and Independence Group begin drilling at Plumridge Nickel Project ]]> https://www.proactiveinvestors.com.au/companies/news/218990/arrow-minerals-and-independence-group-begin-drilling-at-plumridge-nickel-project-218990.html Arrow Minerals Ltd’s (ASX:AMD) joint venture partner in the Plumridge Nickel Project, Independence Group NL (ASX:IGO), has commenced a drilling program to test four conductor plate targets.

The Plumridge Nickel Project consists of eight exploration licences covering 2,500 square kilometres in the northern Fraser Range Province, about 200 kilometres north of IGO’s Nova nickel-copper-cobalt operation and 120 kilometres south of the Tropicana gold operation.

Plumridge Nickel Project location map

IGO is the project manager and is currently sole funding all exploration activities. It has now commenced drilling at the Mafic target in the southern end of the project.

The Mafic target has recently been identified by IGO, with a moving loop electromagnetic (MLEM) survey following up a 2018 Spectrem airborne electromagnetic (AEM) anomaly.

Drilling will then be completed at the Perle, Mosaic and Narwhal targets.

READ: Arrow Minerals confirms nickel-copper potential of the Plumridge Nickel Project

These targets have been identified using a combination of AEM and MLEM surveys as well as first pass aircore (AC) drilling.

The targets are considered prospective for Nova-style magmatic sulphide mineralisation (nickel-copper) and Andromedastyle volcanogenic massive sulphide mineralisation (copper-zinc).

IGO plans to drill at least one reverse circulation (RC) hole into each of the targets, with down hole EM surveys completed to assist with the detection of off-hole conductors that may represent additional drill targets.

Drill targets

The 2018 regional AC drilling program identified several new target areas that require infill AC drilling to define favourable lithologies and/or geochemistry.

IGO’s regional AC drill program has also recommenced for the 2019 field season and is anticipated to be completed by the end of June 2019.

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Wed, 24 Apr 2019 11:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218990/arrow-minerals-and-independence-group-begin-drilling-at-plumridge-nickel-project-218990.html
<![CDATA[News - Arrow Minerals commences maiden drilling at Helsinki target ]]> https://www.proactiveinvestors.com.au/companies/news/218369/arrow-minerals-commences-maiden-drilling-at-helsinki-target-218369.html Arrow Minerals Ltd (ASX:AMD) has commenced drilling at the Helsinki prospect within its 100% owned Strickland Gold Project in the Yilgarn Craton of Western Australia.

The 3,000-metre aircore drilling program will test several coincident gold-in-soil, aeromagnetic and gravity anomalies.

Drilling is expected to be completed within two weeks, with assay results expected by the end of May.

READ: Arrow Minerals intersects further gold at Strickland project in Western Australia

Arrow carried out detailed pre-drilling exploration Strickland in 2018 including soil sampling, magnetic surveys, gravity surveys and mapping.

A strategic review of this data has highlighted the Helsinki prospect as the highest priority target yet to be drilled.

Specifically, the gravity survey has identified a 5 kilometre-long intrusion, with a large, coherent gold-in-soil anomaly along the intrusion boundaries.

As per below, the aircore drilling program will consist of seven regional traverses for 50-60 holes.

The program is designed to identify the position of potentially mineralised structures for follow up drill testing in the June quarter of 2019.

Helsinki Prospect with planned drill hole locations

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Thu, 11 Apr 2019 12:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218369/arrow-minerals-commences-maiden-drilling-at-helsinki-target-218369.html
<![CDATA[News - Arrow Minerals intersects further gold at Strickland project in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/215366/arrow-minerals-intersects-further-gold-at-strickland-project-in-western-australia-215366.html Arrow Minerals (ASX:AMD) has intersected further gold mineralisation in multiple holes during shallow-fence-line drilling at T2d and T6 prospects within the Strickland Gold Project northwest of Kalgoorlie.

A total of 174 holes were drilled at T6 for 8,500 metres with results from the first batch released in November 2018.

Results from the remaining holes have now been received with gold mineralisation intersected in nearly all holes along a 700-metre-long BIF-contact at T6a prospect.

At T2d prospect, 80 shallow aircore holes were drilled for 3,500 metres across a 3-kilometre-long sheared granite adjacent to the edge of the South Elvire greenstone belt.

 

READ: Arrow Minerals’ drilling confirms high-grade gold at the Strickland project

Best assays include:

T6a – 3 metres at 1.1 g/t from 25 metres and 3 metres at 0.9 g/t from 52 metres;

T6c – 12 metres at 0.4 g/t from 28 metres including 3 metres at 0.9 g/t from 37 metres;

T6d – 3 metres at 2.3 g/t from 22 metres; and

T2d – 3 metres at 0.7 g/t from 10 metres.

T6 prospect

Drilling at T6 was designed to test several gold targets defined by detailed soil sampling, previous wide-spaced aircore drilling and lithostructural mapping.

Drilling started over the T6c mineralised corridor followed by fence lines over T6a, T6b and T6d.

 

Gold mineralisation was confirmed over a 600-metre strike length and remains open to the west.

T2 prospect

The T2 prospect is within the South Elvire greenstone belt adjacent to the regionally significant Evanston Shear.

Arrow completed 80 shallow aircore holes at T2d, which is defined by a 3-kilometre-long gold-in-soil anomaly directly overlying a sheared granite to the edge of the belt.

Drilling was undertaken on 200-metre spaced lines to an average depth of 45 metres across the sheared granite with gold mineralisation intersected in most holes.

Several holes returned 0.5 g/t within 15 metres of surface with gold mineralisation confirmed along the entire 3-kilometre strike. 

Next steps

During 2018 the company acquired several project-wide data sets including geology, geochemistry and geophysics and is planning to use the exploration data to identify high-priority drill targets for 2019.

In addition to follow-up drill programs at T1, T2, T6 and T8 prospects, Arrow will begin first pass drilling at Yerilgee South including the large T11 and T14 prospects.

- Jessica Cummins

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Tue, 26 Feb 2019 19:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215366/arrow-minerals-intersects-further-gold-at-strickland-project-in-western-australia-215366.html
<![CDATA[News - Arrow Minerals appoints new chair as Independence Group advances project in Fraser Range ]]> https://www.proactiveinvestors.com.au/companies/news/214045/arrow-minerals-appoints-new-chair-as-independence-group-advances-project-in-fraser-range-214045.html Arrow Minerals Ltd (ASX:AMD) has pulled out a chair at the head of its boardroom table for director Dr Frazer Tabeart as the company focuses on its Strickland gold and Plumridge nickel projects in Western Australia.

Plumridge Nickel Project is 49%-held and found in the Albany-Fraser Province of Western Australia, in the same region as its 51% partner on the project, Independence Group NL’s (ASX:IGO) (FRA:IDZ) portfolio of Fraser Range projects.

Strickland Gold Project is wholly owned by Arrow.

READ: Arrow Minerals appoints new chairman

Arrow executive director of five years Tabeart became the company’s chairman last Friday, being appointed as an independent chairman under ASX corporate governance rules.

Tabeart is also managing director of Alaskan copper-gold explorer-developer PolarX Ltd (ASX:PXX) (FRA:PX0) and an executive director of Botswana energy and resources company African Energy Resources Ltd (ASX:AFR) (FRA:BP6).

During the December quarter, a 4,000-metre drilling program was completed at the T6 prospect at Strickland and high-priority targets were identified for Plumridge.

While the majority of Strickland’s T6 drill results have been received, a portion remains pending from the T2d prospect.

READ: Arrow Minerals confirms nickel-copper potential of the Plumridge Nickel Project

At Plumridge, three high-priority electromagnetic (EM) targets are planned to be drilled in the June quarter of this year with partner Independence Group (IGO).

The Arrow-IGO JV was entered into in January last year, with IGO able to take its stake in the project to 90% by sole-funding $5 million of exploration expenditure by January 2022.

Aircore drilling program

During 2018, IGO completed 768 aircore drill holes for 34,596 metres, covering about 70% of the Plumridge project area.

Drilling to date has confirmed Plumridge is highly prospective for nickel-copper sulphides, with the identification of mafic/ultramafic intrusions with cumulate textures.

An aircore drill sample featuring magmatic sulphides pyrrhotite, chalcopyrite and pentlandite

IGO plans to drill a further 231 holes, commencing in March 2019, to provide coverage of the entire Fraser Complex within the joint venture area.

Electromagnetic surveys

IGO has three EM targets identified for high-priority reverse circulation (RC) drill testing in the June quarter — Mosaic, Narwhal and Perle targets.

EM targets over regional magnetics – Mosaic, Narwhal and Perle

In mid-2018, IGO began an airborne EM survey using fixed-wing time-domain EM technology SPECTREM to identify basement conductors and map cover thickness.

About 20% of the project area has been flown, with the SPECTREM survey to resume in March 2019. Significant conductors will then be followed up with ground EM surveys.

READ: Arrow Minerals survey reveals priority drill targets at T1 and T2

Arrow managing director Steven Michael said: “The Fraser Range Complex remains highly prospective for nickel-copper sulphides, as highlighted by the Silver Knight discovery announced by the Creasy Group in mid-2018.

“IGO is in a unique position to apply knowledge gained from studying the Nova deposit and exploring over 15,000 square kilometres of exploration licences in the area, to the Plumridge Nickel Project.

“In its first year at Plumridge, IGO has completed a considerable amount of exploration, resulting in the identification of clusters of mafic/ultramafic intrusions with cumulate textures and, in at least two cases, magmatic sulphides.

“Also, IGO has been able to capitalise on previous exploration work, including the HeliTEM survey completed in 2017, to identify several high-priority EM targets, which will be ready for drilling in 2Q 2019.”

IGO also has a Fraser Range project with Orion Minerals Ltd (ASX:ORN) (JSE:ORN).

Quarterly results

Arrow used $1.4 million on operating activities in the December quarter, spending $1.2 million on exploration and evaluation.

The company had $86,000 net cash from investing activities and ended December 31 with $2.4 million cash. It expects $700,000 of cash outflows in the March quarter.

Major shareholders

Arrow had 306,976,322 shares on issue on September 12, held by its 1,773 shareholders.

The company’s top 20 shareholders had 34.92% of the company at the time.

Among its major shareholders, significant shareholder Independence Group had the largest stake, holding 11.23%.

Havelock Mining Investment Ltd had 3.62% while the second superannuation fund of Mark Creasy-linked Croesus Mining Pty Ltd rested on 3.45%.

The Croesus Mining significant stake had been estimated at 5.03%.

— with Amanda Ellis

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Tue, 05 Feb 2019 22:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214045/arrow-minerals-appoints-new-chair-as-independence-group-advances-project-in-fraser-range-214045.html
<![CDATA[News - Arrow Minerals appoints new chairman ]]> https://www.proactiveinvestors.com.au/companies/news/213760/arrow-minerals-appoints-new-chairman-213760.html Arrow Minerals Ltd (ASX:AMD) has elevated director Dr Frazer Tabeart to the position of non-executive chairman.

Dr Tabeart has a been a director of the company since 2014 and has extensive experience in international exploration and mining projects.

The appointment follows a busy December quarter of exploration at the 100% owned Strickland Gold Project and 49% owned Plumridge Nickel Project in Western Australia.

Arrow remains in a strong financial position with cash, receivables and investments in listed companies totalling $3.4 million at the end of the December quarter.

READ: Arrow Minerals confirms nickel-copper potential of the Plumridge Nickel Project

During the December quarter, a 4,000-metre drilling program was completed at the T6 Prospect within the Strickland Project and high-priority targets were identified at the Plumridge Project.

While the majority of Strickland’s T6 drill results have been received, a portion remains pending from the T2d prospect.

At Plumridge, three high-priority electromagnetic (EM) targets are planned to be drilled in the June quarter of this year with partner Independence Group NL (ASX:IGO).

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Fri, 01 Feb 2019 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213760/arrow-minerals-appoints-new-chairman-213760.html
<![CDATA[News - Arrow Minerals confirms nickel-copper potential of the Plumridge Nickel Project ]]> https://www.proactiveinvestors.com.au/companies/news/213660/arrow-minerals-confirms-nickel-copper-potential-of-the-plumridge-nickel-project-213660.html Arrow Minerals Ltd (ASX:AMD) is making significant progress on exploration activities at the Plumridge Nickel Project along with its joint venture partner Independence Group NL (ASX:IGO) (51% interest).

Plumridge consists of eight exploration licences covering 2,500 square kilometres in the northern Fraser Range Province, about 200 kilometres north of IGO’s Nova nickel-copper-cobalt operation and 120 kilometres south of the Tropicana gold operation.

Plumridge location map

Arrow and IGO entered into the Plumridge JV in January 2018, and over the past 12 months IGO has undertaken significant exploration activities at the project, including:

• Aircore drilling over 70% of the project on a 3 kilometres x 800 metres grid;
• SPECTREM airborne electromagnetic (EM) survey over 20% of the project area; and
• Ground moving loop electromagnetic (MLEM) over 15 target areas.

IGO can increase its interest in the Plumridge Nickel Project to 90% by sole-funding $5 million of exploration expenditure by January 2022.

Aircore drilling program

During 2018, IGO completed 768 aircore drill holes for 34,596 metres, covering about 70% of the project area.

Drilling to date has confirmed that the project is highly prospective for nickel-copper sulphides, with the identification of mafic/ultramafic intrusions with cumulate textures.

Aircore drill sample with magmatic sulphides pyrrhotite, chalcopyrite and pentlandite

IGO plans to drill a further 231 holes, commencing in March 2019, to provide coverage of the entire Fraser Complex within the joint venture area.

Electromagnetic surveys

IGO has identified three EM targets for high-priority RC (reverse circulation) drill testing in 2Q 2019. The three targets are Mosaic, Narwhal and Perle.

EM targets over regional magnetics – Mosaic, Narwhal and Perle

In mid-2018, IGO commenced an airborne EM survey using SPECTREM (fixed wing time domain EM) to identify basement conductors and map cover thickness.

About 20% of the project area has been flown, with the SPECTREM survey to resume in March 2019. Significant conductors will then be followed up with ground EM surveys.

READ: Arrow Minerals survey reveals priority drill targets at T1 and T2

Arrow managing director Steven Michael said: “The Fraser Range Complex remains highly prospective for nickel-copper sulphides, as highlighted by the Silver Knight discovery announced by the Creasy Group in mid-2018.

“IGO is in a unique position to apply knowledge gained from studying the Nova deposit and exploring over 15,000 square kilometres of exploration licences in the area, to the Plumridge Nickel Project.

“In its first year at Plumridge, IGO has completed a considerable amount of exploration, resulting in the identification of clusters of mafic/ultramafic intrusions with cumulate textures and, in at least two cases, magmatic sulphides.

“Also, IGO has been able to capitalise on previous exploration work, including the HeliTEM survey completed in 2017, to identify several high-priority EM targets, which will be ready for drilling in 2Q 2019.”

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Thu, 31 Jan 2019 12:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213660/arrow-minerals-confirms-nickel-copper-potential-of-the-plumridge-nickel-project-213660.html
<![CDATA[News - Arrow Minerals survey reveals priority drill targets at T1 and T2 ]]> https://www.proactiveinvestors.com.au/companies/news/210531/arrow-minerals-survey-reveals-priority-drill-targets-at-t1-and-t2-210531.html Arrow Minerals Ltd (ASX:AMD) has received survey results from the T1a and T2b prospects within the Strickland Gold Project in Western Australia.

The results from the recently completed ground induced polarisation (IP) and resistivity survey have produced three discrete, high priority anomalies within 150 metres of the surface.

Each target will be drill tested with angled reverse circulation (RC) drilling in the March quarter of 2019.

READ: Arrow Minerals’ drilling confirms high-grade gold at the Strickland project

In early 2018, Arrow undertook a petrophysical study on diamond core from the well-mineralised T1a and T2b prospects.

Results demonstrated a strong chargeability and resistivity contrast between mineralisation and barren lithologies.

Utilising this information, Arrow has now undertaken ground IP and resistivity surveys over the T1a and T2b prospects to define discrete targets for drill testing.

The surveys each covered an area of 1x1 kilometre.

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Wed, 05 Dec 2018 12:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210531/arrow-minerals-survey-reveals-priority-drill-targets-at-t1-and-t2-210531.html
<![CDATA[News - Arrow Minerals’ drilling confirms high-grade gold at the Strickland project ]]> https://www.proactiveinvestors.com.au/companies/news/209717/arrow-minerals-drilling-confirms-high-grade-gold-at-the-strickland-project-209717.html Arrow Minerals Ltd (ASX:AMD) has received positive results from shallow fence line drilling at the Strickland Gold Project in the Yilgarn Craton of Western Australia.

Results from the first 85 holes drilled along a 3.2 kilometre interpreted mineralised corridor at the T6 Prospect has returned significant gold intersections including:

• 16 metres at 1.9 g/t gold from surface including 4 metres at 8.5 g/t gold from surface;
• 9 metres at 2.6 g/t gold from 23 metres, including 3 metres at 7.1 g/t gold from 26 metres; and
• 3 metres at 1.6 g/t gold from 38 metres.

T6 Camp with mineralised corridor and drill collar locations

Drilling at T6 was designed to test a number of gold targets defined by detailed soil sampling, previous wide spaced aircore drilling and litho-structural mapping.

A total of 173 holes have been drilled for 8,500 metres, with results from the remaining 88 holes expected in the next 4-6 weeks.

READ: Arrow Minerals hones in on new targets at Malinda

Arrow managing director Steven Michael said: “The fence line drilling at T6c has successfully intersected high-grade, near-surface gold mineralisation along two sections of the 3.2 kilometres mineralised corridor.

“Importantly, we have identified mineralised intrusions and splays off the main fault which will be the focus of future drill programs here.

“Over 8,500 metres of fence line drilling has now been completed at T6, including three additional fence lines along the T6c mineralised corridor.

“We expect to announce the results of this drilling before the end of the year.”

T2 Prospect

Arrow has commenced drilling at the T2d Prospect, which is defined by a 3-kilometre long gold-in-soil anomaly directly overlying a sheared granite adjacent to the edge of the South Elvire Greenstone belt.

Drilling is expected to take 3-4 weeks to complete with final results by the end of January 2019.

Ground IP Survey

An IP (induced polarisation) crew has recently arrived on site and is conducting IP surveys over T2b and T1a to define drill targets for deeper drill testing in the first half of 2019.

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Thu, 22 Nov 2018 12:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209717/arrow-minerals-drilling-confirms-high-grade-gold-at-the-strickland-project-209717.html
<![CDATA[News - Arrow Minerals hones in on new targets at Malinda ]]> https://www.proactiveinvestors.com.au/companies/news/209237/arrow-minerals-hones-in-on-new-targets-at-malinda-209237.html Arrow Minerals Ltd (ASX:AMD) is compiling exploration collected from mid-2016 to identify new prospective targets at its Malinda Lithium-Tantalum- Project in Western Australia.

Using an array of exploration data, the company is now planning on completing a project-wide geophysical survey in the March quarter 2019.

The objective is to fingerprint the known mineralised intrusions and evaluate the remaining 580 square kilometres of the tenement package to identify additional mineralised pegmatite swarms for follow up geochemical sampling and mapping.

This program would consist of an airborne magnetic survey to better understand the structural controls on emplacement and overprint and a detailed hyperspectral survey.

2017 drilling confirmed mineralised outcropping pegmatites

Arrow commenced exploration in mid-2016 and followed up pre-drilling sampling work programs with a maiden reverse circulation (RC) drill program in September 2017.

Drilling intersected up to 2.0% lithium and over 800 ppm tantalum.

Since then, Arrow has carried out a drone survey, and additional rock chip sampling indicating a niobium-tantalum mineralised intrusion.

READ: Arrow Minerals’ managing director buys shares on-market

Recently, the company’s managing director Steven Michael acquired 350,000 shares in the company via on-market trades.

Notably, this was Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.

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Thu, 15 Nov 2018 12:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209237/arrow-minerals-hones-in-on-new-targets-at-malinda-209237.html
<![CDATA[News - Arrow Minerals’ managing director buys shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/208676/arrow-minerals-managing-director-buys-shares-on-market-208676.html Arrow Minerals Ltd (ASX:AMD) has had its managing director Steven Michael acquire 350,000 shares in the company via on-market trades.

Michael made the purchases in his super fund and increased his total holding in the company to over 4.93 million shares.

This is Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.

READ: Arrow Minerals managing director increases stake amid Strickland drilling campaign

Arrow has been busy over recent months drilling at its Strickland Gold Project, with multiple gold-in-bedrock anomalies defined.

A total of 625 aircore holes for 8,793 metres (average hole depth 14 metres) were completed over the T1a, T1b, T2a, T2b and T2c prospects

Further drilling at T2c and first pass drilling at T2d is expected to commence in the current December quarter.

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Wed, 07 Nov 2018 08:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208676/arrow-minerals-managing-director-buys-shares-on-market-208676.html
<![CDATA[News - Arrow Minerals managing director increases stake amid Strickland drilling campaign ]]> https://www.proactiveinvestors.com.au/companies/news/207518/arrow-minerals-managing-director-increases-stake-amid-strickland-drilling-campaign-207518.html Arrow Minerals Ltd (ASX:AMD) managing director Steven Michael has demonstrated his confidence in the company, further increasing his stake in the company.

The chartered accountant has 15 years investment banking and mining research experience, gained posts with RBC Capital Markets, Macquarie Bank and NM Rothschild & Sons.

READ: Arrow Minerals commences new major drill program at Strickland

The company started a major drilling program this month at its Strickland Gold Project in the Yilgarn Craton area of Western Australia.

Arrow expects to report on results from the 14,000-metre program in December.

The first stage, already begun, is drilling the T6 prospect, with T1 and T2 prospects to follow.

Arrow plans to release assay results separately for each prospect.

READ: Arrow Minerals to receive consideration for sale of 49% interest in Pilbara Gold Project

In September, the company banked C$1 million in cash and took up 2 million shares in Canadian company Pacton Gold Inc in exchange for its 49% interest in that company’s Pilbara Gold Project in Western Australia.

The share holding was valued at C$800,000 at the time.

READ: Arrow Minerals drills widespread gold at T1 prospect

Today, the company shared Michael had increased his direct-and-indirect holding in the company.

Michael picked up 500,000 shares on-market last week on October 15, paying $8600 or 1.72 cents a share.

The shares put Michael’s direct and indirect interest, in Steven and Laureen Michael’s Chasing Summer Super Fund A/C investment outfit, at 4,587,142 ordinary shares.

The stake is valued at $82,568.556 at today’s last-traded price of 1.8 cents.

Michael’s stake in Arrow also includes 653,572 options exercisable at 10 cents on or before 31 December 2019.

About the directors

Michael has significant experience in debt and equity financing of mining projects and is joined on the board by non-executive directors Frazer Tabeart and Nicholas Ong.

Tabeart is the managing director of PolarX Ltd (ASX:PXX) and an executive director of African Energy Resources (Guernsey) Ltd (ASX:AFR).

Ong was previously an Australian Securities Exchange principal adviser at ASX Ltd (ASX:ASX) who helped more than 100 companies list on the Australian market.

Arrow securities gained 0.1 cents, or 5.88%, by early afternoon to 1.8 cents.

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Sun, 21 Oct 2018 22:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207518/arrow-minerals-managing-director-increases-stake-amid-strickland-drilling-campaign-207518.html
<![CDATA[News - Arrow Minerals commences new major drill program at Strickland ]]> https://www.proactiveinvestors.com.au/companies/news/206434/arrow-minerals-commences-new-major-drill-program-at-strickland-206434.html Arrow Minerals Ltd (ASX:AMD) has commenced a major 14,000-metre drilling program at the 100%-owned Strickland Gold Project in the Yilgarn Craton area of Western Australia.

Drilling commenced at the T6 Prospect where previous wide spaced drilling intersected 56 metres at 0.8 g/t gold including 24 metres at 1.6 g/t gold and 9 metres at 3.3 g/t gold.

The program will continue until the end of the year testing high priority prospects at T6, T2 and T1 Prospects.

READ: Arrow Minerals drills widespread gold at T1 prospect

The 14,000-metre fence line drill program will focus on the T6, T1 and T2, where significant gold mineralisation was intersected with reconnaissance drilling in 2017 and 2018.

Drilling at the T6 prospect will test six high priority targets which have been delineated by previous exploration work.

The drilling at T6 will comprise 20 fence lines of overlapping angled holes designed to intersect mineralised structures.

Drilling to be complete by end of December

Drilling will then continue at the T2 and T1 Prospects in late 2018 with a similar density of drilling.

The entire drill program is expected to be completed by the end of December 2018.

Assay results will be released separately for each prospect.

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Fri, 05 Oct 2018 10:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206434/arrow-minerals-commences-new-major-drill-program-at-strickland-206434.html
<![CDATA[News - Arrow Minerals to receive consideration for sale of 49% interest in Pilbara Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/205394/arrow-minerals-to-receive-consideration-for-sale-of-49-interest-in-pilbara-gold-project-205394.html Arrow Minerals Ltd (ASX:AMD) expects to receive consideration within 10 business days from the sale of its 49% interest in the Pilbara Gold Project in Western Australia to Canadian company Pacton Gold Inc (CVE:PAC).

This follows Pacton receiving final acceptance from the TSX Venture Exchange for the share sale agreement.

The consideration is C$1 million in cash and 2 million Pacton shares, currently valued at around C$800,000.

READ: Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold

These shares are subject to a voluntary escrow period to June 30, 2019.

In addition, Pacton will pay Arrow C$200,000 upon granting of the exploration licence applications, with C$100,000 paid on the grant of each application.

Discovery bonus

Arrow will also receive a discovery bonus of C$500,000 in cash upon Pacton publishing a gold resource at the project of more than 100,000 ounces in accordance with Canada’s NI 43-101 code.

The company also retains all rights to explore, mine and extract lithium, caesium and tantalum from the project.

Following completion of the transaction, Arrow will own more than 3 million ordinary shares and more than 1 million warrants in Pacton, with a current value of more than C$1.6 million.

READ: Arrow Minerals drills widespread gold at T1 prospect

Arrow managing director Steven Michael previously said the agreement was a great outcome for both companies.

He said: “Pacton can continue to consolidate, expand and explore its large tenement position in the Pilbara region, while Arrow will benefit from owning approximately 3.3% of the issued capital of Pacton.

“The cash payment of C$1 million will be used to fund Arrow’s exploration activities at the Strickland Gold Project, where recent drilling has intersected considerable bedrock gold mineralisation and confirmed the gold-bearing potential of this project.”

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Fri, 21 Sep 2018 15:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205394/arrow-minerals-to-receive-consideration-for-sale-of-49-interest-in-pilbara-gold-project-205394.html
<![CDATA[News - Arrow Minerals drills widespread gold at T1 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/203833/arrow-minerals-drills-widespread-gold-at-t1-prospect-203833.html Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in multiple structures at its T1 prospect within the Strickland Gold Project in Western Australia.

A total of 412 shallow holes were drilled for 5,254 metres on a 400x40 metre spacing over the T1 prospect defining the key corridors T1a and T1b.

The widespread aircore drill program intersected gold along multiple major structures ranging from 2.0 kilometres to 3.0 kilometres in strike length.

READ: Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold

Drilling at T1a intersected 3 metres at 0.9 g/t gold from 27 metres along strike from previous drill intercept of 15 metres at 1.5 g/t gold which included 3 metres at 6.7 g/t gold.

Exploration to date has identified a 2.8x0.8 kilometre gold-in-bedrock anomaly at T1a and a 2.5x0.6 kilometre gold-in-bedrock anomaly at T1b.

Arrow noted potentially similar geological features to the Copperhead gold deposit in the Southern Cross Belt which had historical gold production of over 1 million ounces.

Ground IP survey to identify RC targets

Petrophysical results from 2017 confirmed that mineralisation at the T1 prospect has a strong induced polarisation (IP) and resistivity contrast with surrounding unmineralised lithological units.

As such, a ground IP survey will be carried out over the T1a target area in the coming December quarter to assist in identifying drill targets for reverse circulation (RC) drill testing.

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Thu, 30 Aug 2018 11:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203833/arrow-minerals-drills-widespread-gold-at-t1-prospect-203833.html
<![CDATA[News - Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold ]]> https://www.proactiveinvestors.com.au/companies/news/203441/arrow-minerals-sells-remaining-interest-in-pilbara-gold-project-to-pacton-gold-203441.html Arrow Minerals Ltd (ASX:AMD) has sold its remaining 49% interest in the Pilbara Gold Project to Canadian company Pacton Gold Inc (TSX:PAC).

Arrow will receive C$1 million in cash and 2 million Pacton shares in the agreement, while retaining all rights to explore, mine and extract lithium, caesium and tantalum from the project.

Following the transaction, Arrow will own over 3 million ordinary Pacton shares and over 1 million warrants totalling $1.8 million in market value.

READ: Arrow Minerals to pass on tax credits to shareholders, T1 assays pending

Arrow managing director Steven Michael said the agreement was a great outcome for both companies.  

He said: “Pacton can continue to consolidate, expand and explore its large tenement position in the Pilbara region, while Arrow will benefit from owning approximately 3.3% of the issued capital of Pacton.

“The cash payment of C$1 million will be used to fund Arrow’s exploration activities at the Strickland Gold Project, where the recent drilling program has intersected considerable bedrock gold mineralisation and confirmed the gold-bearing potential of this project.”

READ: Arrow Minerals drills out gold in three targets at T2 prospect

The project consists of two exploration licences and two exploration licence applications, covering 609 square kilometres in Western Australia’s Pilbara Region.

Arrow sold a 51% interest in the project to Pacton in May and entered into a joint venture in which Pacton could increase its interest to 80% through expenditure and payment obligations.

READ: Arrow Minerals gains Croesus Mining Pty Ltd as a new substantial shareholder

The $1 million cash payment will be made through a staged process, with Arrow receiving C$200,000 upon granting of the exploration licence applications and C$100,00 paid on the grant of each application.

A further C$500,000 will be paid upon Pacton publishing a gold resource of over 100,000 ounces in accordance with NI43-101

The share sale agreement has been submitted to the TSX Venture Change for final acceptance, after which the consideration is payable within 10 days with an escrow period to 30 June 2019.

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Wed, 22 Aug 2018 22:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203441/arrow-minerals-sells-remaining-interest-in-pilbara-gold-project-to-pacton-gold-203441.html
<![CDATA[News - Arrow Minerals to pass on tax credits to shareholders, T1 assays pending ]]> https://www.proactiveinvestors.com.au/companies/news/201968/arrow-minerals-to-pass-on-tax-credits-to-shareholders-t1-assays-pending-201968.html Arrow Minerals Ltd (ASX:AMD) will pass on $409,086 worth of tax credits to its shareholders under the Federal Government’s Exploration Development Incentive (EDI) scheme.

Eligible shareholders as of 5.00pm on 29 June 2018 will be issued the EDI credits which can be claimed in FY2018.

READ: Arrow Minerals drills out gold in three targets at T2 prospect

Most recently, Arrow identified bedrock gold mineralisation in its maiden aircore drilling program at the T2 prospect within the Strickland Gold Project in Western Australia.

Drilling discovered three new gold-in-bedrock anomalies known as T2a, T2b and T2c ranging from 1.0 to 3.5 kilometres in strike length.

T1, T2, T6 and T8 prospects all now drilled

Arrow completed a 19,000-metre aircore drill program during the June quarter targeting the T1, T2, T6 and T8 prospects.

Drilling at the T6 Prospect delineated four bedrock gold anomalies, with one hole intersecting 56 metres at 0.8 g/t gold from surface.

Drill results from the T8 prospect delineated a 1.8x0.4 kilometre gold bedrock anomaly which remains open to the south along a mineralised structure.

Assay results from 412 aircore holes drilled at T1 remain pending and are expected this month.

Strong financial position

Arrow remains in a strong financial position with cash, receivables and investments in listed companies totalling $5.0 million.

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Wed, 01 Aug 2018 12:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201968/arrow-minerals-to-pass-on-tax-credits-to-shareholders-t1-assays-pending-201968.html
<![CDATA[News - Arrow Minerals drills out gold in three targets at T2 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/200627/arrow-minerals-drills-out-gold-in-three-targets-at-t2-prospect-200627.html Arrow Minerals Ltd (ASX:AMD) has identified bedrock gold mineralisation in its maiden aircore drilling program at the T2 prospect within the Strickland Gold Project in Western Australia.

Drilling has discovered three new gold-in-bedrock anomalies known as T2a, T2b and T2c ranging from 1.0 to 3.5 kilometres in strike length.

T2a is a 2.3x0.2 kilometre gold-in-bedrock anomaly, T2b is a 3.5x0.3 kilometre gold-in-bedrock anomaly, T2c is a 1.0x0.2 kilometre gold-in-bedrock anomaly and T2d will be drilled next quarter.

A total of 213 holes for 3,539 metres on a 400x80 metre grid were drilled at the T2 prospect, which is part of the overall 26,000-metre aircore program testing the T8, T6, T2 and T1 prospects.

READ: Arrow Minerals drills best gold intersection to date at T6 prospect

Arrow’s managing director Steven Michael said: “The first-pass aircore drilling program at the T8, T6 and T2 prospects has identified six bedrock gold anomalies, ranging in length from 1.0 kilometre to 3.5 kilometres, with results from drilling at T1 expected in August.

“Several of the bedrock anomalies remain open along strike.

“In addition to confirming bedrock gold mineralisation, the drill program has intersected key geological structures which are believed to control mineralisation at a local (prospect) scale and regional (project) scale.

“This greater geological understanding will contribute greatly to the next phase of drilling, which will commence in 3Q 2018.”

Drilling complete at T1, assays pending

A total of 412 holes were drilled for 5,254 metres targeting the T1a and T1b gold-in-soil anomalies.

All samples have been delivered to the lab with results expected in August 2018.

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Thu, 12 Jul 2018 10:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200627/arrow-minerals-drills-out-gold-in-three-targets-at-t2-prospect-200627.html
<![CDATA[News - Arrow Minerals gains Croesus Mining Pty Ltd as a new substantial shareholder ]]> https://www.proactiveinvestors.com.au/companies/news/200334/arrow-minerals-gains-croesus-mining-pty-ltd-as-a-new-substantial-shareholder-200334.html Arrow Minerals Ltd (ASX:AMD) has a new substantial shareholder with Croesus Mining Pty Ltd now holding a 5.04% interest.

Croesus and associated entities now have almost 15.468 million shares of the explorer focused on gold as well as nickel and lithium.

Since mid-April Croesus has purchased 10.9 million shares, taking its total holding to more than 13.9 million shares while related entity Ascent Capital Holdings Pty Ltd holds 1.5 million.

READ: Arrow Minerals drills best gold intersection to date at T6 prospect

Arrow last month recorded the best intersection to date from the Strickland Gold Project in Western Australia - 56 metres at 0.8 g/t gold from surface to the end-of-hole.

This came from the maiden aircore drilling of the T6 prospect, with bedrock gold mineralisation intersected.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

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Mon, 09 Jul 2018 16:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200334/arrow-minerals-gains-croesus-mining-pty-ltd-as-a-new-substantial-shareholder-200334.html
<![CDATA[News - Arrow Minerals discusses intriguing valuation with investors ]]> https://www.proactiveinvestors.com.au/companies/news/199625/arrow-minerals-discusses-intriguing-valuation-with-investors-199625.html Arrow Minerals Ltd's (ASX:AMD) managing director, Steven Michael, presented to investors at Proactive's CEO Sessions this week in Melbourne and Sydney.

Arrow currently holds around $5.5 million in cash and listed investments yet has a market capitalisation of just $7 million.

The company therefore has an enterprise value of around $1.5 million, while holding an extensive portfolio of assets.

Strickland Gold Project

Arrow has an extensive drilling program underway at the Strickland Gold Project in Western Australia.

The project covers over 100 strike kilometres of greenstone belts which straddle regionally significant shear zones.

FULL PRESENTATION: Melbourne / Sydney Investor Luncheons Presentation

Arrow also has exposure to lithium, a joint venture with Independence Group NL (ASX:IGO) and has also partnered with Pacton Gold Inc. (TSX-V:PAC) in the Pilbara.

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Wed, 27 Jun 2018 11:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199625/arrow-minerals-discusses-intriguing-valuation-with-investors-199625.html
<![CDATA[News - Arrow Minerals drills best gold intersection to date at T6 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/198826/arrow-minerals-drills-best-gold-intersection-to-date-at-t6-prospect-198826.html Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in maiden aircore drilling at its T6 prospect within the Strickland Gold Project in Western Australia.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

T6 has produced the best drill intercept to date from Strickland of 56 metres at 0.8 g/t from surface to the end-of-hole.

Part of a 26,000-metre aircore program

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T8, T6, T2 and T1 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8, T6 and T2 is now complete with assays pending for T2 – drilling is underway at T1.

Four anomalies at T6

Arrow has completed a major aircore drilling program at the T6 prospect, designed to test the extent of a 4.2x1.3 kilometre gold-in-soil anomaly.

The aircore drilling program has delineated four gold-in-bed rock anomalies:

• T6a – 1.5x0.3 kilometres;
• T6b – 1.7x0.3 kilometres;
• T6c – 3.5x0.3 kilometres; and
• T6d – 3x0.1-0.5 kilometres.

Best gold intersections included:

• 56 metres at 0.8 g/t from surface to end-of-hole including 24 metres at 1.6 g/t and 9 metres at 3.3 g/t;
• 34 metres at 0.3 g/t from surface including 6 metres at 0.6 g/t and 3 metres at 0.9 g/t; and
• 27 metres at 0.1 g/t from 11 metres including 3 metres at 0.7 g/t.

READ: Arrow Minerals divests final interest in Pardoo Project for cash

Arrow’s managing director Steven Michael said: “In May 2018, Arrow announced its first strike-extensive, drill tested, bedrock gold anomaly at the T8 prospect, with a footprint of 1.8x0.4 kilometres.

“Drilling at the T6 prospect has now confirmed four bedrock gold anomalies of equal or greater size than T8.

“In addition, the mineralised horizon identified at T6a and T6b provides a target unit to be drilled in 3Q 2018.”

Exploration elsewhere continues, over $5 million funding

Michael added: “In addition, Arrow has recently undertaken first-pass soil sampling over new tenements to the south of T14 and around T4, which we expect will add new gold targets to the portfolio.

“With over $5 million in cash, receivables and listed investments, Arrow is in a strong financial position.

“The company has sufficient funds to continue to drill and aggressively explore the 100%-owned Strickland Gold Project.”

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Thu, 14 Jun 2018 11:41:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198826/arrow-minerals-drills-best-gold-intersection-to-date-at-t6-prospect-198826.html
<![CDATA[News - Arrow Minerals divests final interest in Pardoo Project for cash ]]> https://www.proactiveinvestors.com.au/companies/news/198737/arrow-minerals-divests-final-interest-in-pardoo-project-for-cash-198737.html Arrow Minerals Ltd (ASX:AMD) has sold the final 20% of the Pardoo Nickel Project in Western Australia to Caeneus Minerals Ltd (ASX:CAD) for $200,000 cash.

The company still has an indirect exposure to exploration upside at Pardoo through its shareholding in Caeneus.

As part of Caeneus’s 80% earn-in to the Pardoo Project, it issued Arrow 93.33 million shares.

The final $200,000 cash payment will be paid in two instalments being $100,000 immediately and $100,000 on or before 12 December 2018.

READ: Arrow Minerals confirms major gold prospect with aircore drilling

Arrow is in the process of drilling a major aircore program at its Strickland Gold Project in Western Australia.

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8 and also the second prospect T6 is now complete with assays pending and drilling is underway at T2.

Once all targets are drilled, a follow-up aircore program will commence, estimated to be in the September quarter.

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Wed, 13 Jun 2018 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198737/arrow-minerals-divests-final-interest-in-pardoo-project-for-cash-198737.html
<![CDATA[News - Arrow Minerals confirms major gold prospect with aircore drilling ]]> https://www.proactiveinvestors.com.au/companies/news/197143/arrow-minerals-confirms-major-gold-prospect-with-aircore-drilling-197143.html Arrow Minerals Ltd (ASX:AMD)  has intersected bedrock gold mineralisation in multiple holes at its T8 prospect within the Strickland Gold Project in Western Australia.

Aircore drilling confirmed a major 1.8x0.4 kilometre bedrock gold anomaly, which remains open to the south.

End-of-hole analysis identified zones of highly elevated pathfinder elements that are associated with the key gold-bearing structures.

Such highly elevated pathfinder elements indicate the presence of a large, well-developed gold mineral system.

Shares increased 12% to 2.8 cents intra-day.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow’s managing director Steven Michael said: “Arrow is rapidly advancing its exploration activities at the 100%-owned Strickland Gold Project, with the first major gold drilling program ever undertaken in the area.

“The results from the first of four prospects to be drilled have confirmed bedrock gold mineralisation over a strike length of 1.8 kilometres with the prospect remaining open to the south.

“This is a very exciting result for Arrow, with the first strike-extensive, drill tested, bedrock gold anomaly.

“The footprint at T8 (1.8x0.4 kilometres) is of a similar size to maiden aircore and RAB drill results from the Lake Roe (Breaker Resources NL (ASX:BRB)) and Gruyere (Gold Road Resources Ltd (ASX:GOR)) gold deposits.”

2018 aircore drilling program testing multiple prospects

In March, Arrow commenced a 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

Drilling commenced at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling of the second prospect, T6 is now complete with assays pending and drilling is underway at T2.

Once all targets are drilled, a follow-up aircore program will commence, estimated to be in the September quarter.

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Thu, 17 May 2018 09:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197143/arrow-minerals-confirms-major-gold-prospect-with-aircore-drilling-197143.html
<![CDATA[News - Arrow Minerals finalises Pilbara gold farm-in ]]> https://www.proactiveinvestors.com.au/companies/news/196863/arrow-minerals-finalises-pilbara-gold-farm-in-196863.html Arrow Minerals Ltd (ASX:AMD) has finalised and executed agreements for the sale and joint venture of the Pilbara Gold Project in Western Australia.

The 609 square kilometre project is prospective for conglomerate and basement gold targets, with prospectors discovering several gold nuggets at the project in late 2017.

Under the agreement, Pacton Gold Inc (CVE:PAC) can earn up to 80% in the project in two tranches.

READ: Arrow Minerals attracts Canadian interest in Pilbara region gold prospects

Pacton can acquire an initial 51% through staggered payments of C$500,000 in cash and 1.08 million Pacton shares and 1.08 million Pacton warrants.

After this is complete, Pacton can increase its ownership to 80% by incurring C$500,00 of expenditure within 12 months and issuing Arrow C$250,000 worth of shares.

Once Pacton has reached an 80% interest, Arrow will be free-carried for the first C$5 million of project expenditure.

Pacton supported by Sprott Capital Partners

This is Pacton’s second transaction in the Pilbara and follows an option agreement in February 2018 to acquire 100% of CTTR Gold Pty Ltd.

This demonstrates Pacton’s desire to be a significant gold explorer in the region.

Pacton appointed Sprott Capital Partners, a division of Sprott Private Wealth LP, to assist with marketing arrangements, including providing strategic capital advice.

Sprott is a well-known resources-focused asset management company.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received shortly.

The major aircore program is estimated to comprise 26,000 metres of drilling.

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Mon, 14 May 2018 10:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196863/arrow-minerals-finalises-pilbara-gold-farm-in-196863.html
<![CDATA[News - Arrow Minerals receives drill results at Pardoo joint venture ]]> https://www.proactiveinvestors.com.au/companies/news/196503/arrow-minerals-receives-drill-results-at-pardoo-joint-venture-196503.html Arrow Minerals Ltd (ASX:AMD) has received drill results from the Pardoo Project in the Pilbara region of Western Australia in which it has a 20% interest with Caeneus Minerals Ltd (ASX:CAD).

The 10-hole reverse circulation program completed in November of 2017 was targeting the source of nickel-copper-cobalt sulphides found in the Highway deposit.

Results included 4 metres at 0.24% nickel from 108 metres and 4 metres at 0.24% nickel and 0.018% cobalt from 128 metres.

Results suggest further mineralised structures in the area

Drill results suggest further nickel-copper-cobalt mineralised mafic intrusives are in the area of the Highway deposit.

Caeneus plans to continue testing this region to identify locations where sulphides may have been concentrated using a combination of geophysical techniques and drilling.

The Pardoo project is located in a similar geological setting to that which hosts other significant Pilbara based nickel-copper occurrences such as Radio Hill and Sherlock Bay.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received shortly.

The major aircore program is estimated to comprise 26,000 metres of drilling.

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Tue, 08 May 2018 12:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196503/arrow-minerals-receives-drill-results-at-pardoo-joint-venture-196503.html
<![CDATA[News - Arrow Minerals may have notched up another bullseye at Strickland ]]> https://www.proactiveinvestors.com.au/companies/news/196302/arrow-minerals-may-have-notched-up-another-bullseye-at-strickland-196302.html Arrow Minerals Limited (ASX:AMD) is a mineral exploration company, predominantly targeting gold, lithium and nickel at various sites in Australia.

In February, the company entered into an agreement with base and precious metals producer, Independence Group NL (ASX:IGO).

Independence Group acquired a 51% interest in the Plumridge Nickel Project and an 11% strategic equity interest in Arrow for a total investment of $2.5 million.

Arrow and Independence have formed the Plumridge joint venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province.

Independence has intimate knowledge of Fraser Range region

Independence is the largest tenement holder and explorer in the Fraser Range, with 14,500 square kilometres of exploration licences under management.

The company can increase its interest in the project to 90% through the expenditure of $5 million over four years.

Independence can accelerate earning its 90% interest by paying Arrow cash equal to the amount remaining for the joint venture earn-in.

This was a promising outcome for Arrow from a number of perspectives.

Firstly, it gained the support of one of Australia’s largest mining groups, a company with a market capitalisation of $3 billion and cash of $70 million to inject into exploration.

Arrow cashed up for exploration through to mid-2019

More importantly, it has provided a significant financial boost for the company with Arrow now having about $5 million to spend on exploration at its highly prospective projects.

Commenting on Independence Group’s emergence as a joint venture partner and substantial shareholder, Arrow managing director Steven Michael said: “The investment of $2.5 million by IGO for a majority interest in the Plumridge Nickel Project and strategic equity stake in Arrow is a significant turning point for the company.

“IGO is a logical partner for Arrow, given its dominant position in the Fraser Range, including 100%-ownership of the Nova Nickel Project.

“IGO’s Fraser Range exploration budget for fiscal 2018 is $21 million, including significant airborne electromagnetic, ground electromagnetic and drilling programs to be undertaken at Plumridge.”

Is Strickland a Plumridge-type sleeper

From seemingly nowhere the most experienced miner in the Fraser Range region spotted a valuable asset in Plumridge that was owned by a $10 million mining group.

The question well worth asking is whether Arrow has another ace up its sleeve.

The Strickland Gold Project could very easily be just that, and with drilling results due in mid-May there could be share price catalysts on the horizon.

A rich heritage

Arrow Minerals has a 100% interest in 1,150 square kilometres of exploration licences at the Strickland project in the Yilgarn Craton of the Eastern Goldfields.

The Strickland project covers over 100 strike kilometres of greenstone belts and straddles the Evanston and Yuinmery Shear Zones.

The Menzies and Southern Cross Regions contain over 20 million ounces of known gold endowment.

Consequently, this is a highly prospective area and Strickland is perched in the middle of what could be termed the gold triangle.

The 160-million ounce Kalgoorlie-Norseman belt lies to the southeast, the 12 million ounce Leonora belt northeast and the 15 million ounce Southern Cross belt to the southwest.

Arrow pounced as iron ore miners left

The greenstone belts have been held by iron ore companies for the majority of the past 20 years.

The last significant gold exploration was conducted in the 1990s when several targets were identified and remain untested.

In addition, most of the outcropping ground has not been covered by multi-element surface geochemistry.

Arrow completed an orientation survey at Strickland in October 2016, during which several rock chip samples were collected around historical workings at Rainy Rocks.

BIF hosted gold deposits

The Rainy Rocks prospect is on the north-eastern limb of a tightly folded anticline containing a banded iron formation (BIF) and ultramafic sequence within the Evanston Greenstone Belt.

This sequence extends along the Evanston Shear Zone towards the historical Evanston Gold Mine, about 12 kilometres southwest from Rainy Rocks.

The geological setting of the Rainy Rocks prospect and wider Evanston Greenstone Belt is characteristic of BIF-hosted brittle vein gold deposits within the Southern Cross region.

Historical production and current resources from these types of deposits in the Southern Cross district include Copperhead (7.4 million tonnes at 5.53 g/t gold), Cornishman (3.3 million tonnes at 4.56 g/t gold), Golden Pig (1.5 million tonnes at 4.87 g/t gold) and Nevoria (8.8 million tonnes at 3.2 g/t gold).

Extensive drilling campaign in progress

In March, Arrow commenced a 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

This will focus on areas where significant gold mineralisation was intersected with first-pass drilling in 2017.

The drill program will cover over 20 strike kilometres of gold in soil anomalies and define bedrock gold mineralisation.

Drilling at the T8 prospect is now complete with results expected by mid-May, providing an indication of whether Arrow is added another high profile asset to its portfolio. 

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Thu, 03 May 2018 13:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196302/arrow-minerals-may-have-notched-up-another-bullseye-at-strickland-196302.html
<![CDATA[News - Arrow Minerals gets cash injection after receiving shareholder support ]]> https://www.proactiveinvestors.com.au/companies/news/194995/arrow-minerals-gets-cash-injection-after-receiving-shareholder-support-194995.html Arrow Minerals Ltd (ASX:AMD) has received $2.36 million in funding as part of a previously outlined two-tranche placement and separate placement which together secured over $5 million.

The second tranche and separate $1 million placement to nickel producer Independence Group (ASX:IGO) required shareholder approval which was received essentially securing the funding for Arrow.

Notably, ASX-listed nickel producer Independence Group is now Arrow’s largest shareholder with around 11%.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Arrow’s managing director Steven Michael said: “The board of Arrow Minerals welcomes Independence Group as its major shareholder.

“The investment by IGO, along with the broker equity raising, has raised over $5 million, which has allowed Arrow to commit to significant drilling programs at both the Strickland Gold and Malinda Lithium Projects.

“In addition, the recently announced Pilbara Gold Project sale and joint venture will add up to $1 million over the next 12 months.

“Arrow is in its strongest ever financial position, with around 2cents per share of cash and investments.

“The company has commenced drilling multiple gold targets at the Strickland Gold Project and will be drilling at the Malinda Lithium Project in July 2018.”

Aircore drilling underway at Strickland Gold Project

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received within four weeks.

READ: Arrow Minerals commences major Eastern Goldfields drilling program

The major aircore program is estimated to comprise 26,000 metres of drilling.

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Mon, 16 Apr 2018 10:59:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194995/arrow-minerals-gets-cash-injection-after-receiving-shareholder-support-194995.html
<![CDATA[News - Arrow Minerals attracts Canadian interest in Pilbara region gold prospects ]]> https://www.proactiveinvestors.com.au/companies/news/194380/arrow-minerals-attracts-canadian-interest-in-pilbara-region-gold-prospects-194380.html Arrow Minerals Ltd’s (ASX:AMD) conglomerate and basement gold targets in the Pilbara region of Western Australia have attracted the interest of Canadian junior Pacton Gold Inc (TSXV:PAC).

Pacton Gold, which is supported by Sprott Capital Partners, intends to acquire an 80% interest in Arrow’s wholly-owned subsidiary, Arrow (Pilbara) Pty Ltd.

Arrow Pilbara holds two exploration licences and two exploration licence applications covering 609 square kilometres.

Prospectors discovered several gold nuggets within these licences in late 2017.

READ: Arrow Minerals commences major Eastern Goldfields drilling program

Arrow’s managing director Steven Michael said: “I am excited to introduce Pacton Gold as our partner in the Pilbara Gold Project.

"Through its arrangement with Sprott Capital Partners, Pacton has the financial and market expertise to raise sufficient capital to undertake significant exploration work at the project and its other tenements in the Pilbara.”

Letter of intent signed

The parties have signed a letter of intent and intend to formalise the arrangement through a definitive agreement.

Pacton can earn 51% ownership through payment to Arrow of C$500,000 in cash and C$250,000 in Pacton shares.

Pilbara gold exploration tenements with Arrow and Pacton tenements highlighted.

It can increase this to 80% by incurring exploration expenditure of C$500,000 within 12 months and issuing Arrow with a further C$250,000 worth of Pacton shares.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Once Pacton has reached 80%, Arrow will be free-carried for the first C$5 million of project expenditure.

Arrow will receive a discovery bonus of C$500,000 in cash upon Pacton publishing a resource at the project of at least 100,000 ounces of gold.

In addition, Arrow will retain all rights to explore for, mine and extract lithium, caesium and tantalum from the Pilbara project.

Pacton’s second Pilbara investment

This is Pacton’s second transaction in the Pilbara and follows an option agreement in February 2018 to acquire 100% of CTTR Gold Pty Ltd.

Michael said: “This demonstrates Pacton’s desire to be a significant gold explorer in the region.”

Pacton recently appointed Sprott Capital Partners, a division of Sprott Private Wealth LP, to assist with marketing arrangements, including providing strategic capital advice.

Focus on Strickland

“The Pilbara Gold transaction will enable Arrow to focus its exploration efforts on the highly prospective Strickland Gold Project and the Malinda Lithium Project,” Michael said.

A 26,000-metre drilling program is underway at Strickland and drilling is scheduled for July 2018 at Malinda.

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Fri, 06 Apr 2018 09:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194380/arrow-minerals-attracts-canadian-interest-in-pilbara-region-gold-prospects-194380.html
<![CDATA[News - Arrow Minerals commences major Eastern Goldfields drilling program ]]> https://www.proactiveinvestors.com.au/companies/news/194094/arrow-minerals-commences-major-eastern-goldfields-drilling-program-194094.html Arrow Minerals Ltd (ASX:AMD) has commenced a 26,000-metre aircore drill program at its 100% owned Strickland Gold Project (formerly Barlee Gold Project) in the Eastern Goldfields of Western Australia.

Drilling will focus on the T1, T2, T6 and T8 prospects, where significant gold mineralisation was intersected with first-pass drilling in 2017.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Drilling has commenced at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

The T8 prospect comprises a 1.7x0.6 kilometre gold-in-soil anomaly and previous results including 27 metres at 0.64 g/t gold from 9 metres including 1-metre at 8.95 g/t gold.

The 86 holes planned at T8 will be complete by mid-April with assay results expected four weeks after drilling completion.

Program will then target T6, T2 and T1

After T8, drilling will continue at the T6, T2 and T1 prospects, with a similar density of drilling.

The entire drill program is expected to be completed by June 2018.

Assay results will be released separately for each prospect.

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Tue, 03 Apr 2018 09:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194094/arrow-minerals-commences-major-eastern-goldfields-drilling-program-194094.html
<![CDATA[News - Arrow Minerals commencing major drilling campaign at Strickland Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/193591/arrow-minerals-commencing-major-drilling-campaign-at-strickland-gold-project-193591.html Arrow Minerals Ltd (ASX:AMD) is commencing a 26,000 metre aircore drilling program at its Strickland Gold Project in Western Australia, starting at the T8 prospect followed by T6, T2 and T1.

READ: Arrow Minerals targets golden prospects in major drilling campaign

The 100% owned Strickland Gold Project (formerly Barlee Gold Project) is in the Eastern Goldfields.

Arrow’s drilling will cover more than 20 strike kilometres of gold-in-soil anomalies to define bedrock gold mineralisation at the T1, T2, T6 and T8 prospects.

Gold mineralisation was intersected at these prospects during first-pass drilling in 2017.

Gold endowed region in the Eastern Goldfields

The Strickland project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross, a region which contains more than 20 million ounces of known gold endowment.

The drilling program will commence at the T8 prospect next week and is planned to be completed by mid-April. First assay results are expected to be received within four weeks after completing drilling. 

Arrow’s drilling will continue at T6, T2 and T1 with the entire drill program expected to be completed by June 2018.

Arrow Minerals has a number of gold prospects at Barlee

Lithium drilling planned in July 2018

Arrow has planned the next phase of drilling at its Malinda Lithium Project for July 2018, with 5,000 - 6,000 metres of reverse circulation (RC) drilling planned over three main lithium-bearing pegmatites.

Exploration conducted by Arrow at Malinda in 2017 identified several lithium and tantalum-bearing pegmatites associated with granite intrusions.

The company completed a maiden RC drilling program in September 2017, intersecting up to 2% lithium oxide and over 800 ppm tantalum pentoxide.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Arrow is well-funded after raising circa $2.8 million via a strategic deal with Independence Group NL (ASX:IGO) and an oversubscribed equity placement to sophisticated investors. 

The company will receive an additional $2.4 million in early April.

Arrow and Independence are forming the Plumridge Nickel Project joint venture in the Fraser Range province of Western Australia.

Arrow’s exploration programs are now fully funded, including the major drilling programs at the Strickland Gold Project and Malinda Lithium Project.

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Thu, 22 Mar 2018 11:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193591/arrow-minerals-commencing-major-drilling-campaign-at-strickland-gold-project-193591.html
<![CDATA[News - Arrow Minerals targets golden prospects in major drilling campaign ]]> https://www.proactiveinvestors.com.au/companies/news/191537/arrow-minerals-targets-golden-prospects-in-major-drilling-campaign-191537.html Arrow Minerals Ltd (ASX:AMD) is embarking on a 26,000-metre drilling program at four gold prospects within the Barlee project in Western Australia’s Eastern Goldfields.

The aircore drilling program will cover more than 20 strike kilometres of gold-in-soil anomalies and define bedrock gold mineralisation at the T1, T2, T6 and T8 prospects.

Gold mineralisation was intersected at these prospects with first-pass drilling in 2017.

Earthworks start next week

Arrow has awarded earthworks and drilling contracts for the program and expects earthworks to begin next week.

Drilling at the T8 prospect is expected to begin in mid-March with first assay results expected by the end of April.

It is the first major drill program to test multiple prospects in an emerging gold province.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Arrow is well-funded for the work after receiving $2.8 million from Independence Group NL (ASX:IGO) with an additional $2.4 million to be received in around six weeks, subject to shareholder approval.

The aircore program will complete fence lines across the entire soil anomaly at each prospect.

This will include 10 kilometres of strike at T1 with the aim of defining the extent and grade of bedrock gold mineralisation.

Follow-up is proposed

Based on the results of the aircore drilling, Arrow will undertake further substantial infill aircore and reverse circulation drilling programs.

The total amount of aircore drilling to be completed in two phases in 2018 is 40,000-50,000 metres, with an additional 15,000-20,000 metres of reverse circulation drilling scheduled.

Arrow Minerals has a number of gold prospects at Barlee.

The Barlee project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross.

The Menzies and Southern Cross regions contain more than 20 million ounces of known gold endowment.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Arrow recently received $1.5 million from Independence Group to acquire a 51% interest in the Plumridge Nickel Project.

The Plumridge Joint Venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province, will be formed.

Independence will manage all exploration activities at Plumridge and can increase its interest to 90% through the expenditure of $5 million over four years.

In addition, the company has received $1.3 million from a tranche 1 placement.

Subject to approval at a shareholder meeting in March, Arrow will receive an additional $2.4 million from a placement to Independence and the tranche 2 placement.

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Tue, 13 Feb 2018 10:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191537/arrow-minerals-targets-golden-prospects-in-major-drilling-campaign-191537.html
<![CDATA[News - Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million ]]> https://www.proactiveinvestors.com.au/companies/news/191113/arrow-minerals-signs-strategic-deal-with-independence-group-bags-52-million-191113.html Arrow Minerals Ltd (ASX:AMD) is raising a total of circa $5.2 million via a strategic deal with Independence Group NL (ASX:IGO) and an oversubscribed equity placement to sophisticated investors.

Independence will acquire a 51% interest in Arrow’s Plumridge Nickel Project for $1.5 million and an 11% strategic equity interest in Arrow for $1 million.

Arrow and Independence will form the Plumridge Joint Venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province of Western Australia.

Partnering with the largest player in Fraser Range

It is worth noting that Independence is the largest tenement holder and explorer in the Fraser Range, with 14,500 square kilometres of exploration licences under management.

In addition, Independence owns the Nova Nickel Project, which is located 200 kilometres south of the Plumridge Nickel Project.

Over the next 12 months, the companies are planning to test geophysical datasets acquired over the past three years at Plumridge.

This will include aircore drilling of specific targets and reverse circulation/diamond drilling of electromagnetic conductors.

Strategic investment + oversubscribed placement

Independence is subscribing for $1 million in Arrow shares at a price of $0.029 per share.

Arrow has also completed a placement to sophisticated investors to raise $2.65 million on the same terms as the Independence placement.

The placement was heavily oversubscribed with support from new institutional and professional investors together with existing shareholders.

Well funded to fast-track gold and lithium drilling programs

The proceeds of the new placements will be used to accelerate exploration at Arrow’s 100%-owned Barlee Gold and Malinda Lithium Projects in 2018, including:

- 50,000 metres of aircore and 15,000-20,000 metres of reverse circulation drilling across the T1, T2, T6 and T8 prospects at the Barlee Gold Project; and

- detailed aerial survey to refine targets for 10,000-15,000 metres of reverse circulation drilling of high-grade lithium pegmatites at the Malinda Lithium Project.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Steven Michael, managing director, said: “IGO’s Fraser Range exploration budget for FY2018 is $21 million, including significant airborne EM, ground EM and drilling programmes to be undertaken at Plumridge.

“Arrow now has sufficient funding to aggressively explore its Barlee Gold and Malinda Lithium Projects and has a supportive major shareholder with gold and nickel assets in Western Australia.”

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Mon, 05 Feb 2018 12:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191113/arrow-minerals-signs-strategic-deal-with-independence-group-bags-52-million-191113.html
<![CDATA[News - Arrow Minerals enters ASX trading halt ahead of joint venture and capital raise ]]> https://www.proactiveinvestors.com.au/companies/news/190947/arrow-minerals-enters-asx-trading-halt-ahead-of-joint-venture-and-capital-raise-190947.html Arrow Minerals Ltd (ASX:AMD) has been granted a trading halt by the ASX this morning.

The halt was granted pending the release of information regarding a joint venture transaction and material capital raising.

Arrow shares will remain in a trading halt until further information is released.

READ: Arrow Minerals hits high-grade gold in Eastern Goldfields

Most recently, Arrow received high-grade gold results from its Barlee Gold Project in the Eastern Goldfields region of Western Australia.

Arrow intersected near-surface gold mineralisation at all five Barlee prospects drilled in 2017.

Multiple projects and commodities in Western Australia

During the December quarter, Arrow completed first pass drilling at the Malinda Lithium Project and identified gold nuggets at the Pilbara Gold Project – both in Western Australia.

Arrow also has two nickel projects in Western Australia.

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Thu, 01 Feb 2018 10:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190947/arrow-minerals-enters-asx-trading-halt-ahead-of-joint-venture-and-capital-raise-190947.html
<![CDATA[News - Arrow Minerals hits high grade gold in Eastern Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/190504/arrow-minerals-hits-high-grade-gold-in-eastern-goldfields-190504.html Arrow Minerals Ltd (ASX:AMD) has received high grade gold results from its Barlee project in the prolific Eastern Goldfields region of Western Australia.

Maiden drilling at T6 prospect returned up to 2.1 g/t gold and 128 g/t silver from a 27 metre intersection at 0.6 g/t gold and 18.7 g/t silver from 8 metres.

Drilling at T2 prospect returned a best result of 1 metre at 2.9 g/t gold within a 34 metre intersection at 0.5 g/t from 9 metres.

Near-surface mineralisation

Arrow has intersected near-surface gold mineralisation at all five Barlee prospects drilled in 2017.

Steven Michael, managing director, said: “It is exciting for Arrow to control 100% of a major Yilgarn Craton greenstone belt with minimal historical gold exploration.

“The high grade drill results from T6 demonstrate the project’s potential to host multiple gold deposits.

“Within the first year of pegging these tenements, we have completed several rounds of exploration, leading to drill testing of five targets.”

READ: Arrow Minerals makes greenfields gold discovery at Barlee Gold Project

Michael said: “Over the next 12 months, Arrow will continue to define, refine and drill gold targets, with 50 strike kilometres of gold-in-soil anomalies yet to be tested.

“We will commence a significant aircore drilling program in the first quarter of 2018 to systematically explore and expand on the results achieved in 2017.”

First drilling at T6

Arrow’s drilling program at Barlee was completed in late 2017 and included first drilling of the T6 prospect.

There were 29 aircore holes for 1,401 metres and six reverse circulation holes for 612 metres at T6.

The program was aimed at confirming gold mineralisation underlying the soil samples and identifying the underlying lithology.

Silver associated with gold

The presence of high grade silver associated with the gold potentially indicates a precursor VMS, skarn or epithermal contribution to the mineralised system.

Such a mineralised system would be similar to the Marvel Loch deposit near Southern Cross, which produced over 1.6 million ounces of gold at an average grade of 2.6 g/t.

At T1 and T2 prospects, seven reverse circulation holes and two diamond holes were drilled to follow up on areas of gold mineralisation identified in the September 2017 drilling program.

The Barlee project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross.

The Menzies and Southern Cross regions contain over 20 million ounces of known gold endowment.

]]>
Wed, 24 Jan 2018 12:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190504/arrow-minerals-hits-high-grade-gold-in-eastern-goldfields-190504.html
<![CDATA[News - Arrow Minerals regains full ownership of Fraser Range nickel project ]]> https://www.proactiveinvestors.com.au/companies/news/190329/arrow-minerals-regains-full-ownership-of-fraser-range-nickel-project-190329.html Arrow Minerals Ltd (ASX:AMD) has regained full ownership of the Plumridge Nickel Project in Western Australia along with much more exploration data.

This follows MMG Ltd’s (ASX:MMG) decision to withdraw from a joint venture covering the Fraser Range project after spending $4.5 million of a $6.5 million.

In September 2015 Arrow entered into a joint venture with a MMG subsidiary which would enable MMG to earn 51% by investing $6.5 million in exploration by December 2019.

MMG provides exploration data

MMG has completed a number of comprehensive surveys, reverse circulation drilling of seven electromagnetic plates and downhole electromagnetics on five holes.

This work has provided significant exploration data and materially improved the geological understanding of this landholding, which is highly prospective for nickel-copper.

Arrow is considering alternatives to utilise this data and realise value from Plumridge.

This includes discussions with other potential project partners.

READ: Arrow Minerals makes greenfields gold discovery at Barlee Gold Project

Arrow recently received encouraging results from maiden drilling at the Barlee Gold Project in Western Australia’s Eastern Goldfields.

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Mon, 22 Jan 2018 08:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190329/arrow-minerals-regains-full-ownership-of-fraser-range-nickel-project-190329.html
<![CDATA[News - Arrow Minerals makes greenfields gold discovery at Barlee Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/188543/arrow-minerals-makes-greenfields-gold-discovery-at-barlee-gold-project-188543.html Arrow Minerals Ltd (ASX:AMD) has received initial results from its maiden drill program at the T8 and T11 prospects at the Barlee Gold Project in Western Australia.

Highlights from the first batch of assay results include 27 metres at 0.64 g/t gold from 9 metres, 10 metres at 0.78 g/t gold from 7 metres and 17 metres at 0.74 g/t gold from 22 metres.

The drill program consisted of aircore and reverse circulation (RC) drilling over the T8 and T11 prospects and was the first gold drilling ever undertaken at these prospects.

The company completed 13 RC holes for 1,518 metres at T8 as well as 10 aircore holes for 717 metres and 2 RC holes for 252 metres at T11.

READ: Segue Resources (now Arrow Minerals) commences drilling as shares rise further

Further assay results from the maiden drill program at T6, infill drilling at T2 and diamond drilling at T1 and T2 are expected in the coming weeks.

First batch of drill results confirm T8 gold potential

The T8 prospect was originally defined by a 1.7x0.6 kilometre gold-in-soil anomaly with associated pathfinder elements.

The results at T8 are highly significant for first pass drilling and have confirmed thick, continuous gold mineralisation with multiple high-grade intersections

The results highlight the potential for the T8 prospect to host considerable gold mineralisation.

Significantly, the 1.5-kilometre strike of gold anomalism is yet to be tested.

Only 200 metres of 1.7 kilometres has been drill tested

Steven Michael, managing director, said: “The results demonstrate the potential of the T8 prospect to host a substantial, shallow gold resource.

“The reconnaissance drill program has only tested 200 metres of strike along a 1.7 kilometre mineralised corridor.

“Further drilling, planned for early 2018, will aim to extend the gold prospect to the north, south and east and at depth.”

T11 also shows potential

While the T8 results have proven exceptional, the results from the T11 prospect are encouraging for first pass drilling and have confirmed saprolite gold anomalism.

The next round of exploration work at the T11 prospect will consist of further soil geochemistry followed by aircore drilling and ground geophysics to help define priority targets.

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Mon, 11 Dec 2017 10:35:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188543/arrow-minerals-makes-greenfields-gold-discovery-at-barlee-gold-project-188543.html
<![CDATA[News - Segue Resources identifies gold nuggets shedding from outcropping conglomerates at Pilbara project ]]> https://www.proactiveinvestors.com.au/companies/news/186758/segue-resources-identifies-gold-nuggets-shedding-from-outcropping-conglomerates-at-pilbara-project-186758.html Segue Resources Ltd's (ASX:SEG) shares have jumped over 45% to $0.105 in the first 40 minutes of trade with 15 million changing hands.

Driving the positive re-rating were details the company identified gold nuggets shedding from outcropping conglomerates of the Witwatersrand Basin equivalent Mallina Basin.

A short prospecting trip by Segue on exploration licence E47/3476, known as the Pilbara Gold Project in the Pilbara region of Western Australia, highlighted nine conglomerate or basement gold targets.

Segue also identified considerable evidence of previous prospector activity throughout the tenement.

Global investor interest in the Pilbara region has increased dramatically recently, driven by gold discoveries made by Novo Resources Corp (CVE:NVO), Artemis Resources Ltd (ASX:ARV) and De Grey Mining Ltd (ASX:DEG).

All three companies have drilled out significant conglomerate and orogenic gold mineralisation in the area.

A recent geological review at Segue’s Pilbara tenements confirmed rock formations known to host gold deposits.

Next exploration steps

Segue will undertake geological mapping and rock chipping of the areas around the gold nugget discoveries in December 2017.

Systematic prospecting and exploration on all of the projects tenements covering over 600 square kilometres will commence in the March quarter of 2018, once all approvals and access agreements are in place.

Exploration will include rock chipping, stream sediment and soil sampling over all nine gold target areas.

Option plan is in-the-money

Segue recently dispatched details to eligible shareholders of the 1 for 4 pro-rata non-renounceable options entitlement issue.

READ NOW: Segue opens options entitlement for Barlee and Pilbara gold ]]>
Mon, 06 Nov 2017 10:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186758/segue-resources-identifies-gold-nuggets-shedding-from-outcropping-conglomerates-at-pilbara-project-186758.html
<![CDATA[News - Segue Resources opens options entitlement for Barlee and Pilbara gold ]]> https://www.proactiveinvestors.com.au/companies/news/186695/segue-resources-opens-options-entitlement-for-barlee-and-pilbara-gold-186695.html Segue Resources Ltd (ASX:SEG) maintains a very active exploration portfolio, and is looking to add to its cash base for additional drilling at the Barlee Gold Project and exploration at the Pilbara Gold Project.

READ NOW: Segue Resources adds Pilbara Gold Project to active schedule

The company has now dispatched details to eligible shareholders of the 1 for 4 pro-rata non-renounceable options entitlement issue.

The options are to be issued for $0.01 and exercisable at $0.10 on or before 31 December 2019, raising up to $431,479.

Segue shares have recently been positively re-rated by the market, last traded at $0.076, or more than double the valuation from just three months ago.

A new name

Segue has proposed a name change to Arrow Minerals Ltd (ASX:AMD), which will be voted on at the AGM this month.

READ NOW: Segue Resources proposes a name change to Arrow Minerals ]]>
Fri, 03 Nov 2017 10:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186695/segue-resources-opens-options-entitlement-for-barlee-and-pilbara-gold-186695.html
<![CDATA[News - Segue's partner MMG Exploration readies drilling activities at Plumridge Nickel Project ]]> https://www.proactiveinvestors.com.au/companies/news/186140/segue-s-partner-mmg-exploration-readies-drilling-activities-at-plumridge-nickel-project-186140.html Segue Resources (ASX:SEG) will add more drilling to its busy exploration schedule as preparations are made for a 4,000-metre reverse circulation program at the Plumridge Nickel Project in Western Australia.

The drilling program will commence by the end of October 2017 and consists of 11 holes targeting seven electromagnetic (EM) conductors.

The targets are thought to represent nickel or copper sulphide mineralisation, similar to the Nova‐Bollinger nickel‐copper deposits in the southern end of the Fraser Range.

Drilling will be managed by the project’s joint venture partner, MMG Ltd (HKG:1208), who is earning an initial 51% interest in the project by funding $6.5 million of exploration.

Drilling is expected to be completed by the end of November 2017 with downhole EM to be conducted on all holes.

Busy exploration schedule

Segue is a Western Australian focused minerals exploration company exploring for gold, lithium and nickel.

Its project portfolio includes:

- Barlee Gold Project;
- Malinda Lithium Project;
- Plumridge Nickel Project;
- Plumridge Gold Project;
- Pilbara Gold Project;
- Pardoo Nickel Project; and
- Deralinya Nickel Project.

During late September, Segue commenced a 7,000-metre second phase of drilling at its Barlee Gold Project located in the Eastern Goldfields of Western Australia.

Last week it also commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

Furthermore, at the company’s Malinda Lithium Project, assays remain pending from a 17-hole reverse circulation program that is working towards a maiden JORC resource for the project.

READ NOW: Segue Resources proposes a name change to Arrow Minerals ]]>
Wed, 25 Oct 2017 07:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186140/segue-s-partner-mmg-exploration-readies-drilling-activities-at-plumridge-nickel-project-186140.html
<![CDATA[News - Segue Resources proposes a name change to Arrow Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/185927/segue-resources-proposes-a-name-change-to-arrow-minerals-185927.html Segue Resources (ASX:SEG) has proposed to change the company’s name to Arrow Minerals Limited (ASX:AMD).

The name change proposal will be voted on at the upcoming annual general meeting (AGM) to be held on 22 November 2017. 

The company currenty has active exploration programs underway at multiple projects.

Most recently, Segue commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

READ NOW: Segue Resources adds Pilbara Gold Project to active schedule ]]>
Fri, 20 Oct 2017 16:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185927/segue-resources-proposes-a-name-change-to-arrow-minerals-185927.html
<![CDATA[News - Segue Resources adds Pilbara Gold Project to active schedule ]]> https://www.proactiveinvestors.com.au/companies/news/185685/segue-resources-adds-pilbara-gold-project-to-active-schedule-185685.html Segue Resources (ASX:SEG) has commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

This adds to an already busy exploration schedule for the company who is active at three other projects, which includes two drill programs.

Global investor interest in the Pilbara region has increased dramatically recently, driven by gold discoveries made by Novo Resources Corp (CVE:NVO), Artemis Resources Limited (ASX:ARV) and De Grey Mining Limited (ASX:DEG).

All three companies have drilled out significant conglomerate and orogenic gold mineralisation in the area.

A recent geological review at Segue’s Pilbara tenements confirmed rock formations known to host gold deposits.

Exploration program

Segue has commenced a reconnaissance exploration program at its central tenements to explore for alluvial gold shedding off prospective conglomerate horizons.

In addition, Segue will conduct first pass exploration over several major faults which are associated with the Mallina Shear.

The Mallina Shear is known to host several gold deposits including De Grey’s Indee Gold Project.

The exploration program is expected to be completed by the end of October 2017.

Multiple drill programs underway

Segue is a Western Australian focused minerals exploration company exploring for gold, lithium and nickel.

Its project portfolio includes:

- Barlee Gold Project;
- Malinda Lithium Project;
- Plumridge Nickel Project;
- Plumridge Gold Project;
- Pardoo Nickel Project; and
- Deralinya Nickel Project.

During late September, Segue commenced a 7,000-metre second phase of drilling at its Barlee Gold Project located in the Eastern Goldfields of Western Australia.

READ: Segue Resources commences drilling as shares rise further

At the company’s Malinda Lithium Project, assays remain pending from a 17-hole reverse circulation program that is working towards a maiden JORC resource for the project.

READ: Segue Resources drill results point towards maiden lithium resource

At the Plumridge Nickel Project, exploration is being funded by earn-in partner, MMG Exploration Pty Ltd, who can spend $6.5 million to earn 51%.

READ: Segue Resources takes to the skies for drill targets ]]>
Tue, 17 Oct 2017 15:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185685/segue-resources-adds-pilbara-gold-project-to-active-schedule-185685.html
<![CDATA[News - Segue Resources drill results point towards maiden lithium resource ]]> https://www.proactiveinvestors.com.au/companies/news/185221/segue-resources-drill-results-point-towards-maiden-lithium-resource-185221.html Segue Resources (ASX:SEG) is one step closer to a maiden JORC resource after receiving drill results from its 100% owned Malinda Lithium Project located in Western Australia.

The 17-hole reverse circulation program totalled 2,430 metres and tested the thickness, depth and orientation of four lithium‐caesium‐tantalum (LCT) prospects.

Results feature grades of up to 2.01% lithium oxide and broad intersections such as 23 metres at 0.98% lithium oxide from surface.

READ: Results from the first six holes

The next round of drilling is to commence in November which will step out from current intersections to begin work towards a maiden resource estimate.

Drill result details

Assay results have been received for the remaining 11 holes in the 17-hole drill program.

The new assay results are from the Blade and T‐Bone prospects and include:

- 2 metres at 1.71% lithium oxide from 118 metres including 1 metres at 2.01% lithium oxide;
- 4 metres at 1.42% lithium oxide from 0 metres including 1 metre at 2.00% lithium oxide;
- 2 metres at 1.49% lithium oxide from 106 metres and 7 metres at 122 ppm tantalum pentoxide from 101 metres;
- 23 metres at 0.98% lithium oxide from 0 metres including 5 metres at 1.35% lithium oxide; and
- 3 metres at 318 ppm tantalum pentoxide including 1 metre at 834 ppm tantalum pentoxide.

Drilling success leads to follow-up program

The maiden reconnaissance drill program at the Malinda Lithium Project has successfully intersected mineralised LCT pegmatites across three pegmatite swarms.

The next reverse circulation drilling program will commence in November 2017 and will consist of step out drilling from the three pegmatites.

Drilling will aim to further test the orientation of pegmatite bodies as well as the direction of fractionation within each pegmatite and within the wider project.

Segue aims to progress towards a maiden resource at Malinda in 1H 2018.

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Mon, 09 Oct 2017 11:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185221/segue-resources-drill-results-point-towards-maiden-lithium-resource-185221.html
<![CDATA[News - Segue Resources commences drilling as shares rise further ]]> https://www.proactiveinvestors.com.au/companies/news/184716/segue-resources-commences-drilling-as-shares-rise-further-184716.html Segue Resources (ASX:SEG) has commenced its 7,000-metre second phase of drilling at the Barlee Gold Project located in the Eastern Goldfields of Western Australia.

The second phase reverse circulation drilling will include 5,500 metres at the T6, T8 and T11 prospects, which will be the first significant gold drilling ever undertaken at these targets.

The remaining 1,500 metres of drilling will be infill and step-out drilling at the T2 prospect, which was tested successfully in the recent maiden drill program.

Drilling in the first drilling program at Barlee identified a 1.2x0.35 kilometre gold anomaly at T2 open to the north and south.

The drilling program is anticipated to be completed by the end of October with assay results received by the end of November.

T6, T8 and T11 targets

A total of 5,500 metres of reverse circulation drilling at the three prospects will target gold anomalies defined from previous soil sampling combined with structural and geological interpretation.

Drilling at T6 will consist of shallow reverse circulation holes testing three geological anomalies that suggest the potential for mineralisation.

Drilling at T8 will consist of two reverse circulation fence lines of 120 metre deep holes which will test a structure with a 1.4x0.35 kilometre wide gold anomaly.

T2’s golden corridor

The success of the maiden drilling program outlined earlier this month will also be followed up in the second phase of drilling.

The first pass drilling at T2 was completed in two parts, an aircore and reverse circulation program.

The aircore program delineated a 1.2x0.35 kilometre mineralised corridor, which remains open along strike to the north and south.

The deeper reverse circulation fence lines resulting in confirming fresh rock mineralisation including 48 metres at 0.67 g/t gold from 27 metres depth.

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Thu, 28 Sep 2017 14:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184716/segue-resources-commences-drilling-as-shares-rise-further-184716.html
<![CDATA[News - Segue Resources reveals thick lithium discovery with drilling ]]> https://www.proactiveinvestors.com.au/companies/news/184328/segue-resources-reveals-thick-lithium-discovery-with-drilling-184328.html Segue Resources (ASX:SEG) has confirmed a lithium discovery through its maiden drilling program at its 100% owned Malinda Lithium Project located in Western Australia.

The 2,430-metre, 17-hole reverse circulation program discovered major mineralised lithium and tantalum intersections across multiple pegmatites.

Assay results from the first six holes have confirmed significant lithium and tantalum mineralisation with intersections including 14 metres at 1.25% lithium oxide and 12 metres at 335ppm tantalum pentoxide.

The drill program was designed to test four prospects which had been defined by previous soil sampling and rock chip programs.

Steven Michael, managing director, commented: “As soon as the tenement (E09/2169) was granted in May 2017, we applied for and commenced a maiden reverse circulation drilling campaign, which has intersected extensive pegmatite swarms with outstanding lithium and tantalum grades for a first pass drilling program.”

Drill result details

The 2,430 metre reverse circulation drill program was designed to test the lateral extent, depth and orientation of four lithium-caesium-tantalum (LCT) prospects.

Assays have been received for six of the 17 complete holes.

Highlights include:

- 13 metres at 1.01% lithium oxide from 107 metres including 7 metres at 1.26% lithium oxide;
- 23 metres at 1.02% lithium oxide from 110 metres including 14 metres at 1.25% lithium oxide;
- 13 metres at 1.01% lithium oxide from 16 metres and 11 metres at 323ppm tantalum pentoxide; and
- 17 metres at 280ppm tantalum pentoxide from 45 metres including 12 metres at 335ppm tantalum pentoxide.

12 months to discovery

Segue commenced systematic exploration of the Malinda Lithium Project 12 months ago after identifying the Thirty Three Supersuite as a fertile and highly fractionated granitic suite which had not been explored for its lithium potential.

After completing a sample stream sediment survey over the company’s 1,100 square kilometre project area, a significant multipoint anomaly was identified near Reid Well.

Follow-up soil and rock chip sampling highlighted four main swarms of pegmatites over a 1.8x1.2 kilometre area with highly anomalous lithium and tantalum values.

Next steps

Assay results for the remaining 11 holes are expected to be announced by the end of September 2017.

The pending assays include thick pegmatites intersected including 26 metres of pegmatite from surface observed in one hole and multiple pegmatite intersections from another totalling 58 metres.

The next reverse circulation drilling program will commence in November 2017 and will systematically step out from current intersections to better understand pegmatite variability and to begin work towards a maiden resource estimate in the March quarter 2018.

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Thu, 21 Sep 2017 07:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184328/segue-resources-reveals-thick-lithium-discovery-with-drilling-184328.html
<![CDATA[News - Segue Resources hits broad gold zone in first pass drilling at Barlee ]]> https://www.proactiveinvestors.com.au/companies/news/183954/segue-resources-hits-broad-gold-zone-in-first-pass-drilling-at-barlee-183954.html Segue Resources Ltd (ASX:SEG) has delivered some very encouraging broad zones of gold mineralisation from first pass drilling at the wholly-owned Barlee Gold Project in the Southern Cross Region of Western Australia.

Highlights include:

- T1: 15 metres at 1.48g/t gold from 12 metres.
- T2: 48 metres at 0.67g/t gold from 27 metres.

The importance of these initial results is that they demonstrate the potential of Barlee to host zones of near-surface gold mineralisation.

With the initial success locked away, Segue now has the confidence to commence a 6000 metre air-core and reverse circulation drilling program at the T6, T8 and T11 prospects next month.

This will provide strong news flow for Segue towards the end of 2017.

READ NOW: Segue Resources cashes up to drill gold and lithium projects

Segue recently boosted its cash balance for gold and lithium exploration.

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Thu, 14 Sep 2017 00:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183954/segue-resources-hits-broad-gold-zone-in-first-pass-drilling-at-barlee-183954.html
<![CDATA[News - Segue Resources cashes up to drill gold and lithium projects ]]> https://www.proactiveinvestors.com.au/companies/news/183643/segue-resources-cashes-up-to-drill-gold-and-lithium-projects-183643.html Segue Resources Ltd (ASX:SEG) has raised circa $1 million from a placement at $0.03, with the new funds to accelerate drilling programs at its gold and lithium projects in Western Australia.

There is also an additional $340,00 raised from the balance of unmarketable share sale facility, with Segue accepting an offer to purchase the shares at $0.034.

Funding key projects

Segue recently hit multiple pegmatites at its Gascoyne Lithium Project, with assays expected to start flowing through in two weeks.

The drilling to date has confirmed that the Reid Well Prospect consists of a pegmatite swarm with multiple steeply dipping pegmatites.

READ NOW: Segue hits multiple pegmatites at Gascoyne Lithium Project

Segue's Barlee Gold Project is located in the Eastern Goldfields and covers +120 strike kilometres of the Evanston, South Elvire and Yerilgee Greenstone Belts.

WATCH NOW: Segue ready to drill at Barlee Gold Project

The company is now funded to advance exploration at these projects, providing strong news flow over coming months.

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Fri, 08 Sep 2017 12:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183643/segue-resources-cashes-up-to-drill-gold-and-lithium-projects-183643.html
<![CDATA[News - Segue Resources to lift cash balance following discovery of pegmatites ]]> https://www.proactiveinvestors.com.au/companies/news/183488/segue-resources-to-lift-cash-balance-following-discovery-of-pegmatites-183488.html Segue Resources Ltd (ASX:SEG) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Earlier in the week drilling intersected multiple pegmatites at the wholly-owned Gascoyne Lithium Project in Western Australia.

READ NOW: Segue hits multiple pegmatites at Gascoyne Lithium Project

The halt will remain in place until the opening of trade on Friday 8th September 2017, or earlier if an announcement is made to the market.

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Wed, 06 Sep 2017 09:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183488/segue-resources-to-lift-cash-balance-following-discovery-of-pegmatites-183488.html
<![CDATA[News - Segue Resources hits multiple pegmatites at Gascoyne Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/183420/segue-resources-hits-multiple-pegmatites-at-gascoyne-lithium-project-183420.html Segue Resources Ltd (ASX:SEG) has been very actively traded on the ASX today, with nearly six million shares having changed hands by 2pm.

Shares are currently unchanged at $0.036, but earlier in the session traded at much as 19% higher at $0.043.

The trading activity followed details from the maiden reverse circulation drilling program which intersected multiple pegmatites at the wholly-owned Gascoyne Lithium Project in Western Australia.

More specifically the 2500 metre program was testing the Reid Well lithium-caesium-tantalum (LCT) prospect.

The first six holes of the planned 17 hole program have been completed with significant pegmatites intersected in several drill holes up to 35 metres thick.

The intersections are consistent with the previously mapped and sampled surface outcrops and contain mineralisation indicative of LCT pegmatites.

What we know so far

The drilling to date has confirmed that the Reid Well Prospect consists of a pegmatite swarm with multiple steeply dipping pegmatites, within an intensely altered metasedimentary schist package with abundant tourmaline alteration.

Assays are expected in two weeks, as one metre samples for the first six holes have been dispatched to ALS Laboratories in Perth.

Drilling will wrap up this week with final assays expected by the end of September 2017.

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Tue, 05 Sep 2017 14:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183420/segue-resources-hits-multiple-pegmatites-at-gascoyne-lithium-project-183420.html
<![CDATA[News - Segue Resources responds to ASX query as interest in West Pilbara provides share boost ]]> https://www.proactiveinvestors.com.au/companies/news/183015/segue-resources-responds-to-asx-query-as-interest-in-west-pilbara-provides-share-boost-183015.html Segue Resources Ltd's (ASX:SEG) shares have been on the move, with the company responding to an ASX price and volume speeding ticket.

Segue shares hit $0.038 intra-day on Friday, a 31% gain on the closing price a day before.

The shares have been rising on the basis of Segue's holdings in an area of Western Australia which is hotting up, and attracting investment.

Segue responded to the ASX by noting:

"On 24 August 2017 ASX-listed Artemis Resources Ltd (ASX:ARV) announced that the TSX Venture Exchange had approved Novo Resources Corp.’s (TSXV:NVO) farm-in and joint venture deal on certain gold rights on Artemis’ tenements in the Karratha region of Western Australia in consideration for 4 million NVO shares currently valued at approximately CAD$19 million.

"The company also notes recent announcements on 23 August 2017 by De Grey Mining Ltd (ASX:DEG) and DGO Gold Ltd (ASX:DGO) describing “Witswatersand” conglomerate hosted gold mineralisation potential which follows the recent discovery by the Novo/Artemis JV of gold nuggets at surface and subsequent confirmation of high grade gold hosted in underlying conglomerates."

Segue has a 100% ownership of a significant tenement holding between Novo, De Grey and DGO Gold in the West Pilbara, south east of Karratha which were granted in November 2016.

Segue remains actively exploring

Moving to another Segue asset, the company recently commenced maiden reverse circulation drilling at the Reid Well lithium-caesium-tantalum prospect in Western Australia.

READ NOW: Segue Resources spins the drill bit at lithium-caesium-tantalum prospect

Drilling also recently wrapped up at the Barlee Gold Project in Western Australia, providing Segue with significant news flow over coming months.

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Mon, 28 Aug 2017 08:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183015/segue-resources-responds-to-asx-query-as-interest-in-west-pilbara-provides-share-boost-183015.html
<![CDATA[News - Segue Resources spins the drill bit at lithium-caesium-tantalum prospect ]]> https://www.proactiveinvestors.com.au/companies/news/182635/segue-resources-spins-the-drill-bit-at-lithium-caesium-tantalum-prospect-182635.html Segue Resources Ltd (ASX:SEG) is now underway with its maiden reverse circulation drill program at the Reid Well lithium-caesium-tantalum (LCT) prospect at the company's wholly-owned Gascoyne Lithium Project in Western Australia.

Drilling will cover 2500 metres and take around three weeks to complete, with the assay timeline expected to be late September.

Soil sampling at Reid Well has already identified several mineralised LCT pegmatites and rock chip samples have returned peak values of 3.77% lithium oxide and 669 ppm tantalum pentoxide.

Drilling wraps up at Barlee Gold Project

Segue has completed the maiden air-core / reverse circulation drilling program at the wholly-owned Barlee Gold Project in the Southern Cross Region of Western Australia.

Drilling tested the T1a and T2 gold prospects near the historic Rainy Rocks gold workings.

A total of 199 air-core holes for 3,750 metres were completed along with eight reverse circulation holes for 965 metres.

Assays are expected to be received by the end of August 2017.

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Fri, 18 Aug 2017 09:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182635/segue-resources-spins-the-drill-bit-at-lithium-caesium-tantalum-prospect-182635.html