DMC has made application for two further exploration licences at its Talon Ridge nickel project. Pic via Getty Images.
DMC keeps an eagle eye for Kambalda Style Nickel Sulphide Potential
Mining
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Talon Ridge is shaping up to be a highly-prospective nickel asset, with previous drilling of grades to 0.6% Ni
The new leases expand DMC Mining’s (ASX:DMM) Talon Ridge with a further 155km2 of highly-prospective nickel sulphide tenements, encompassing the Red Knight and T34 intrusive complexes.
The tenements historically identified nickel sulphides and may potentially host other supporting metals such as copper and cobalt and are situated ~60km north of the 14.3Mt @ 2.3% Ni, 0.9% Cu and 0.08% Co Nova Bollinger nickel project in the WA Goldfields.
Past exploration in the region includes soil geochemistry, magnetics, and drilling from 2015 that showed 64m @ 0.33% Ni, including 4m @ 0.64% Ni from 44m.
DMC says it’s encouraged by previous drilling due to the style of ultramafic lithology which is capable of hosting magmatic nickel sulphides.
Other past regional programs identified nickel sulphide minerals, pentlandite and millerite, showing the potential for a nickel deposit to be discovered.
DMC executive chair David Sumich said the Red Knight and T34 Intrusive complexes are considered highly prospective and may, when granted, add considerable value to the explorer’s current portfolio of nickel targets along the Albany Fraser orogeny and Ravensthorpe target areas.
“Historical drilling results are promising for nickel sulphide-hosting lithologies supporting anomalous magnetic and geochemical data,” Sumich says.
“We are excited to progress these tenements to granting and then follow up with further exploration as soon as possible.”
DMC said it will commence desktop studies into all work completed to-date to get a better understanding of the mineralisation so it can define its further exploration methods.
This article was developed in collaboration with DMC Mining, 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.
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