Blaze Minerals : Quarterly Activities Report and Appendix 5B - December 2021
BLZ.AX
only
ASX Announcement
21 January 2022
ACN: 074 728 019
T: 08 6489 1600
F: 08 6489 1601
E: [email protected] Suite 9, 330 Churchill Avenue,
useSubiaco WA 6008 www.blazelimited.com.au
Directors
David Prentice, Chairman
Mathew Walker, Corporate
Director
personalSimon Coxhell, Technical
Director
Steve Samuel, Sonu Cheema
Joint Company Secretaries
Issued Capital
ASX Code: BLZ
357,500,111 Ordinary Shares
327,499,889 ("BLZO") Quoted options exercisable at $0.05 on or before 31 March 2022
Overview
Blaze is a mineral exploration company listed on the ASX.
the Company currently holds:
Western Australia.
DECEMBER QUARTERLY ACTIVITIES
REPORT
HIGHLIGHTS
Grant of tenments E52/3879, E69/3815 and E69/3885 located in the Earaheedy Basin of Western Australia covering the immediate north western strike extension of the Chinook Zinc- Lead discovery of Rumble Resources Limited (ASX: RTR) and the Iroquis Zinc-Lead discovery of Strickland Metals Limied (ASX: STK).
Field activities have commenced to map and identify the prospective contact between the Yelma and Frere formation, the focus of known base metal mineralisation in the Earaheedy Basin.
Acquired a suite of geophysical images and data covering the entire Eraheedy tenement locations allowing a detailed structural and geological interpretation.
Blaze Minerals Limited (ASX: BLZ) ("Blaze" or the "Company") is pleased to present its Activities Report for the December 2021 quarter.
Overview
Blaze holds a portfolio of exploration licenses in Western Australia which are prospective for nickel and base metals (Figure 1). The Company has been progressing its exploration activities across its nickel projects in the southwest of Western Australia and during the quarter the Company completed the acquisition of a number of data sets and a detailed review of past exploration work on the recently acquired tenements in the Earaheedy Basin.
Figure 1: Blaze Minerals Limited Exploration Project
For personal use only
EARAHEEDY BASIN PROJECT
Blaze is pleased to announce that its wholly owned and highly prospective tenements E52/3879, E69/3815 and E69/3885 located in the Earaheedy Basin of Western Australia have now been granted.
Work during the quarter has involved a seven-day site visit to map and sample portions of the prospective contact between the Yelma and Frere formation, the focus of known base metal mineralisation in the Earaheedy Basin.
Blaze has now conducted detailed data capture of all previous work completed in the district and the acquisition of geophysical datasets covering the tenement locations. Based on compilation of this data numerous target areas have been interpreted and will be a major focus of the Company. As part of the field trip a total of 192 soil and rock chip samples were collected on broad traverses and results are expected by the end of January.
Pursuant to the compilation of data and tenement review tenement application E69/3888 was deemed to be unprospective and has been dropped.
Figure 2: Location of Earaheedy Basin Tenure
For personal use only
Figure 3: Target Areas, Tenements and Historic Drilling on DTM image
JIMBERLANA NICKEL PROJECT
The Company is exploring the Jimberlana tenement for nickel (and PGE) mineralisation within ultramafic portions of the intrusion. A gradient array IP survey (GAIP) completed early in 2021 defined two chargeability anomalies within interpreted pyroxenite phases of the intrusion that supports the model of sulphide accumulation and mineralisation.
In the previous quarter the company successfully completed a Heritage Survey over the drill targets at Jimberlana with representatives of the Ngadju Native Title Holders with all drill targets cleared. Line clearing and drill access will be completed in the coming weeks, and a drill rig has been sourced for the work with drilling expected to commence by the end of January. Approximately 8 RC holes for 1000 metres are initially planned to test the current defined targets.
The Jimberlana Norite is a sizeable differentiated mafic-ultramafic intrusion of the Widgiemooltha Suite and is known to be mineralised with nickel, copper and PGE sulphides at various localities. E63/2009 covers 18 kilometres of strike on the western end of the intrusive system.
Blaze has interpreted three ultramafic 'core' intrusions on E63/2009 with the 'Eastern Core Complex' returning coincident nickel, copper and platinum group elements. The geochemistry was interpreted as evidence of the fertility of the Eastern Core Complex for nickel sulphide mineralisation hosted on the mafic/ultramafic contact (ASX BLZ Release 27 April 2021).
For personal use only
On 19 May 2021 Blaze announced the completion of a Gradient Array IP survey over the western half of the Eastern Core Complex that had detected the presence of possible disseminated sulphide accumulations. The results showed a dyke-parallel moderately chargeable zone associated with a low-magnetic phase of the intrusion (Figure 4).
This zone is interpreted to represent disseminated sulphide within a non-magnetic pyroxenite. Blaze interprets the two point-source chargeability anomalies as representing localised zones of increased sulphide abundance.
Figure 4: Chargeability image and interpretation from GAIP grid over magnetic image
OTHER PROJECTS
BINNERIDGIE NICKEL PROJECT
The Company is engaging with contractors to prepare the ground for a program of geochemical sampling to be commenced by the end of the first quarter of 2022.
MUKINBUDIN NICKEL PROJECT
The tenement was granted during the previous quarter and data compilation and review has commenced.
MOUNT DAY NICKEL PROJECT
The tenement was granted during the previous quarter and data compilation and review has commenced.
For personal use only
COJINUP CREEK PROJECT
The exploration licences comprising the Cojinup Creek Project were granted during the quarter. Southern Geoscience Consultants have been commissioned to splice together a number of regional and more local EM surveys previously completed by other parties over large portions of the tenements.
KIRKALOCKA GOLD PROJECT
The Company has completed preliminary soil sampling across the unsampled greenstones. The Company plans to undertake auger drilling on a number of the tenements at Kirkalocka and depending on the results received the Company will undertake heritage surveys prior to commencing RC drilling.
LEONORA GOLD PROJECT
No activities were undertaken during the quarter.
TENEMENT SCHEDULE AND UPDATES
During the quarter the following changes to tenure occurred:
Granted: E70/5728, E52/3879, E63/2077, E69/3815, E69/3885
Expiry/ Surrender: NIL
Applications: E20/0979, E69/3842, E69/3889
Tenements
Project
Holder Shares
Grant Date
Application Date
Expiry Date
E15/1750
BINNERIDGIE
100
30/09/2020
13/12/2019
29/09/2025
E63/2004
BINNERIDGIE
100
7/08/2020
13/12/2019
6/08/2025
E74/0658
COJINUP CREEK
100
6/08/2021
18/05/2020
5/08/2026
E74/0659
COJINUP CREEK
100
6/08/2021
18/05/2020
5/08/2026
E74/0660
COJINUP CREEK
100
6/08/2021
18/05/2020
5/08/2026
E74/0661
COJINUP CREEK
100
6/08/2021
18/05/2020
5/08/2026
E52/3879
EARAHEEDY
100
8/11/2021
1/10/2020
7/11/2026
E69/3815
EARAHEEDY
100
4/11/2021
14/08/2020
3/11/2026
E69/3885
EARAHEEDY
100
4/11/2021
19/04/2021
3/11/2026
E63/2071
JIMBERLANA
100
2/08/2021
17/12/2020
1/08/2026
E63/2072
JIMBERLANA
100
2/08/2021
17/12/2020
1/08/2026
E63/2009
JIMBERLANA
100
30/03/2021
16/01/2020
29/03/2026
E59/2499
KIRKALOCKA
100
14/01/2021
23/11/2020
13/01/2026
E59/2348
KIRKALOCKA
100
19/10/2018
30/08/2018
18/10/2023
E59/2330
KIRKALOCKA
100
5/09/2018
27/06/2018
4/09/2023
E59/2309
KIRKALOCKA
100
9/04/2018
26/02/2018
8/04/2023
E59/2310
KIRKALOCKA
100
9/04/2018
26/02/2018
8/04/2023
E59/2280
KIRKALOCKA
100
27/10/2017
7/09/2017
26/10/2022
E59/2249
KIRKALOCKA
100
6/06/2017
24/04/2017
5/06/2022
E59/2237
KIRKALOCKA
100
17/05/2017
24/02/2017
16/05/2022
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Disclaimer
Blaze Minerals Ltd. published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2022 22:11:09 UTC.