Caeneus wraps nickel infill drilling at Pardoo

Caeneus has wrapped up the second phase of drilling at its Pardoo nickel project and will soon carry out DHEM surveys to identify potential off-hole conductors.

The Phase 2 drilling, which followed on successful Phase 1 drilling that intersected thick and shallow nickel-cobalt-copper-palladium mineralisation, was designed to begin infilling a historical and potentially open-pittable region as well as defining down-dip extensions.

Caeneus Minerals’ (ASX:CAD) had drilled 20 holes totalling 4,157m in the program, bringing the total number of holes drilled at the Highway prospect up to 34 holes totalling 5,865m.

This new drilling is expected to provide the foundations for a JORC 2012 resource estimate by Entech Mining Consultants.

First assay results are expected in late November with Entech expected to complete the resource estimate by early February.

Pardoo nickel project

Pardoo comprises licences E45/5827 and E45/4671 about 120km east of Port Hedland, Western Australia.

It includes the historical Highway nickel-copper-cobalt occurrence within E45/5827 which was first identified by CRA Exploration Pty Ltd in 1991 after highly anomalous values of nickel and copper mineralisation were confirmed from extensive regional scale exploration.

Perth-based nickel flotation expert Strategic Metallurgy was engaged in June to carry out characterisation and flotation testwork program using a representative sample of fresh sulphide cuttings from the Phase 1 drill program at Highway.

This work will support the ongoing development and further assessment of the project with completion expected this month.

This article was developed in collaboration with Caeneus Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.