Golden Mile gets drill spinning at WA nickel-cobalt project on the hunt for economic grades and tonnage
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Golden Mile Resources says drilling is underway at its Quicksilver nickel-cobalt project in WA, which commenced on the 26 July with the collaring of hole NP2.
The Quicksilver project is an oxide clay hosted nickel-cobalt deposit with an indicated and inferred resource of 23.6Mt grading 0.64% nickel and 0.04% cobalt (168,000t of nickel and 11,300t of cobalt), plus rare earths and scandium.
This primary drilling program consists of 9 RC holes for a total of 2,350m to test the potential of disseminated nickel sulphides within the primary zone beneath the nickel-cobalt oxide resource.
The drilling may also provide further insight into the source of the Rare Earth Element (REE) mineralisation encountered in the oxide – which remains unexplained.
Earlier metallurgical PQ diamond drilling intersected wide zones of high-grade nickel and cobalt which included 49m at 1.74% nickel and 0.071% cobalt from 30m.
Golden Mile says it indicates that the high-grade zones of the orebody could be directly transported and shipped without beneficiation – making them a potentially economic source of nickel.
“To think that Quicksilver has the potential for disseminated nickel sulphides and Primary REE’s under what is an already significant deposit is quite incredible,” Golden Mile Resources (ASX:G88) MD Damon Dormer said.
“It’s exciting to have this programme underway, and in particular see whether the significant, near surface nickel and cobalt encountered to date continues at depth.
“If this proves to be the case it will be a tremendous enhancement on what is already a great deposit.”
The company expects to wrap up the drilling in late August, with assay results to follow in early October and a scoping study tentatively scheduled for September – depending on metallurgical results.
This article was developed in collaboration with Golden Mile Resources Limited, 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.