All posts by Editor

Assay Results Confirm Nickel Discovery

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Highlights:

  • Nickel assays confirm generally higher grades and thicker intersections than previously reported portable XRF analyses
  • Thickest intersection of 20 metres grading 1.1% Ni in hole MFEC004, included 6 metres grading 1.4% Ni and 5 metres grading 1.5% Ni
  • Other highlights include:
    • 2 metres grading 1.6% Ni in hole MFEC001
    • 4 metres grading 2.0% Ni in hole MFEC002
    • 2 metres grading 2.2% Ni in hole MFEC003
    • 6 metres grading 1.4% Ni in hole MFEC004, and
    • 1 metre grading 3.0% Ni in hole MFEC005
  • Camelwood prospect tested over 300m strike length and 200m depth, and still open in all directions
  • Preliminary mineralogical examination indicates supergene nickel sulphide mineralisation

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Nickel Sulphide Discovery At Fisher East

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Hightlights:

  • RC drilling at Fisher East discovers nickel sulphides
  • Sulphide mineralisation coincident with EM conductors
  • Mineralisation encountered over 300 metres in strike and down to 200 metres in depth
  • Mineralisation still open at depth and along strike in both directions
  • Other EM conductors along ultramafic contact yet to be tested

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Research Report

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Highlights:

    • Large Mt Fisher gold and nickel project located on underexplored greenstone belt
    •  Myrtle zinc-lead JV with Teck provides free carried exploration to augment existing JORC Resource of 43.6Mt @ 5.04% Zn+Pb
    • Teena has exploration target of 100-200Mt @ 10-12% Zn+Pb
    • ‘Ore grade’ phosphate identified along 30km of strike at Marqua
    • Bonya rock chips assay up to 30.7% Cu, 34.1g/t Ag and 0.52g/t Au
    • SPP to provide funds to advance prospective Mt Fisher and Bonya

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