The Golden Mile Resources drill program consists of 9 RC holes for 2,350m. Pic via Getty Images.
Golden Mile limbers up for drilling at Quicksilver nickel-cobalt project
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Golden Mile Resources is all set to commence RC drilling at its Quicksilver nickel-cobalt project in WA, with the field crew mobilised and drill rig scheduled to arrive later this week.
The primary program consists of 9 RC holes for 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.
“It’s exciting to commence this campaign on the back of the previous excellent drill results and test the primary potential underneath the oxide,” Golden Mile Resources (ASX:G88) MD Damon Dormer said.
“The possibility of disseminated nickel sulphides could increase the longevity of Quicksilver and provide significant scaling opportunities.”
Potential for economic tonnes and grade
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.
Recent 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 in hole 23QDD0085.
Golden Mile says the tenor of the high-grade nickel and cobalt is uncommon for oxide nickel mineralisation – and may be an indication of higher concentrations of primary nickel in the original protolith rock from which the oxide was derived.
The company believes this could be explained by the presence of layered disseminated nickel sulphide accumulations in the original protolith that may still be occurring at depth.
“Disseminated nickel sulphide accumulations can be an economic source of nickel provided there is sufficient tonnes and grade,” the company said.
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.
