(via NewsDirect)
Thanks to a two-hole drilling program over the famed
Smith says the target could warrant follow-up drilling, depending on the results that come back from core sample analysis. Signing off, he also provides a brief update on the company’s WA lithium project.
“The most significant outcome from this drilling is proving that our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich ultramafic pipes,” he told the market on Thursday.
“This drilling is the first in testing several similar geophysical anomalies, some of which link into areas of known nickel mineralisation.
“Although we have not previously seen barren magmatic sulphides associated with these rocks, the fine-grained nature of the sulphide mineralisation is atypical of the coarse grained Lynn Lake sulphide bodies, and as such we advise caution in assuming the tenor of nickel within the sulphide zone.”
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