Nickelsearch is poised and ready to go ham on the drills at Carlingup
Nickelsearch is gearing up for a multi-month drill campaign at its Carlingup nickel project within WA’s Ravensthorpe Greenstone Belt.
Drilling will kick off this month with a 11 hole reverse circulation drill program to test targets at the Sexton, Javelin and RAV8 areas.
The RAV8 deposit has been a key target of Nickelsearch’s (ASX:NIS) exploration work – hardly surprising given historical production of 16,100t of nickel at an average grade of 3.45% as well as possessing a mineralised halo with an Inferred resource of 13.2Mt grading 0.6% nickel.
It also includes copper and cobalt credits which will be included in future resource calculations while recent drilling has highlighted potential platinum group mineralisation credits which have not been assayed to date.
The upcoming drill program will test two separate downhole electromagnetic (DHEM) conductor plates for potential down plunge extensions at Shoot 1 and Shoot 3.
Over at Sexton, drilling will test a strong Kambalda ratio and PGM geochemical anomaly located east of a historical massive sulphide drill intersection of 2m at 1.2% nickel and 0.2% copper.
The Kambalda ratio is used to highlight potential nickel sulphides where higher values are indicative of mineralised ultramafics.
Javelin also possesses a strong Kambalda ratio geochemical anomaly with soil data returning >10 parts per billion PGMs that extends to the southeast in a similar manner to the plunge of mineralisation at RAV8.
Once this program over RAV8, Sexton and Javelin is completed, the company will move to carry out a much larger RC drill program to test numerous greenfield sulphide targets from November 2022 to March 2023.
These include the John Ellis West, Sprint and Relay targets.
John Ellis West has a strong coincident Kambalda ratio and is a nickel-chromium and PGM geochemical soil anomaly associated with a magnetic high feature, which suggests a thickening of the ultramafic stratigraphy in the area, like RAV8.
Sprint is a nickel-chromium and PGM geochemical soil anomaly with a very strong Kambalda ratio.
It is associated with an antiformal fold closure seen in airborne magnetics and forms within a north-west structural corridor like RAV8.
Meanwhile, Relay is a strong nickel-chromium and modest Kambalda ratio and PGM geochemical soil anomaly that coincide with a pair of tight antiformal fold hinges.
Nickelsearch is also planning to carry out ground EM over the B1 and Serendipity prospects, which are defined by nickel-chromium and PGM soil geochemical anomalies with associated EM anomalies.
Historical nickel sulphides of 7.6m at 1% nickel and 6m at 1% nickel have also been intersected at B1 and there are probable copper-cobalt-PGM credits. Ground EM at these prospects will be followed by drilling.
This article was developed in collaboration with Nickelsearch, 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.