NickelSearch flags nickel sulphides at Sexton target

RC drilling at NickelSearch’s Carlingup Nickel Sulphide project in WA has flagged ‘significant’ nickel mineralisation at the Sexton target.

All four holes in the 487m drill program intersected massive sulphides at relatively shallow depths that are nickel bearing, with assays including:

3m at 1.11% nickel, 0.2% copper, 460ppm cobalt from 39m;
5m at 0.51% nickel, 0.06% copper, 321ppm cobalt from 22m;
3m at 1.04% nickel ,0.09% copper, 273ppm cobalt from 72m; and
8m at 0.63% nickel, 0.16% copper, 258ppm cobalt and 204ppm PGM from 121m, including 1m at 1.03% Ni, 0.17% Cu, 277ppm Co and 332ppm PGM from 125m.

In addition, down-hole electromagnetic (DHEM) surveys show that the mineralisation extends down-plunge and remains open, and have also identified a strong off-hole conductor.

Potential to intersect a high-grade channel

The DHEM surveys also shows that increased conductivity continues down-plunge at Sexton with conductance up to 50,000 Siemens.

“We continue to be very encouraged that Sexton has the potential to progress into a significant nickel discovery,” NickelSearch (ASX:NIS) MD Nicole Duncan said.

“The assay results alongside the modelled DHEM plates suggest mineralisation extends at depth and down-plunge.

“The very high conductivity of the DHEM plates also highlights the potential to intersect a high-grade channel, which will be a key focus for follow-up drilling.”

30+ greenfields targets to test

These results will be followed up with diamond drilling at Sexton, along with RC drilling planned for the priority 1 targets Serendipity, B1, Lipple and Wadley in the coming months.

“Assays from the recent drilling and the success of the DHEM surveys give us confidence in continuing with systematically testing our 30+ greenfields targets defined across Carlingup,” Duncan said.

“Sexton is a great indicator of the ability of Carlingup to host nickel sulphide mineralisation, and possibly represents the edge of increased mineralisation.

“We look forward to commencing follow-up drilling at Sexton and maiden RC drill programs at greenfields targets Serendipity, B1, Lipple and Wadley in Q2 CY2023.”

This article was developed in collaboration with NickelSearch 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.