Last year Medallion Metals divested its nickel ground holding to NickelSearch (ASX:NIS) and it’s paying off, with NIS announcing today its defined strong downhole electromagnetic (DHEM) targets at the Javelin target at the Carlingup Nickel Sulphide Project in WA. 

The DHEM surveys were conducted following the completion of a short program of reverse- circulation (RC) drilling at the Javelin and RAV8 targets.

A strongly conductive plate has been identified just to the south of drill hole 22NRC002, returned high to very high conductive sources – confirming prospectivity for massive sulphides.

This is a high priority target for follow up drilling scheduled to commence imminently.

Medallion Metals (ASX:MM8) holds a 15.1% interest in NIS, acquired following the divestment of the RAV8 Nickel Project and certain mineral rights over select tenure in 2021.

1,500m of RC drilling planned

A 1,500m RC drilling program will start imminently to test the highly conductive DHEM plate at Javelin and other high priority greenfield targets including Sexton and RAV8 South.

“We are excited to see strong indicators of mineralisation in the Javelin target area,” NIS MD Nicole Duncan says.

“The modelled DHEM plates and anomalous mineralisation seen in assays suggest we are close to a mineralised area.

“We will commence our next round of RC drilling in the coming weeks and will incorporate these priority results into the sequence of drilling at Carlingup.”

Plus, an independent review of the extensive Carlingup soils sample database has identified 9 high priority and 15 medium priority nickel sulphide and volcanogenic massive sulphides (VMS) targets which will be used as part of the ongoing target ranking process.

 

 

 

This article was developed in collaboration with Medallion Metals, 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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