NickelSearch spots visual sulphide in diamond core at Carlingup
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Diamond drilling has intersected visual nickel sulphides in the first of three diamond holes at two targets at NickelSearch’s Carlingup nickel sulphide project in WA.
The first diamond drillhole at Sexton intersected nickel mineralisation in the Upper Mineralised Horizon.
The hole is also testing a deeper target, the Lower Mineralised Horizon (LMH), identified as a strong down-hole electromagnetic (DHEM) conductor down-plunge of where results earlier this year showed the continuity of mineralisation over 150m of plunge and increasing width.
The company plans to continue the drillhole to its target of the LMH, with a second diamond hole to further test these targets – around 60m along strike and to a planned depth of 250m.
“It is very encouraging that we have intersected visual nickel mineralisation at 109.8m in our first diamond hole at Sexton, in line with historical drilling,” NickelSearch (ASX:NIS) MD Nicole Duncan said.
“This is an early win for us. We will continue the hole to its planned target because our earlier RC drilling suggests the presence of thicker sulphide mineralisation down-plunge.
“The strike length of nickel mineralisation at Sexton now extends to 190m and remains open.
“We are pursuing nickel sulphide discovery success with vigour, and I encourage our shareholders to continue to support us by participating in the Entitlement Offer, which remains open until Friday 16 June 2023.”
While the principal target for this drilling is massive sulphides associated with the LMH, the holes are designed such that the potential for further nickel sulphide mineralisation within the UMH is tested.
Further DHEM may be undertaken upon completion of the drill holes to test for any further extensions of the mineralisation.
After drilling at Sexton, the diamond drill will move to B1, where drilling in May 2023 confirmed and extended the area of known historical nickel sulphide intercepts with sulphide-bearing komatiites and cumulate ultramafics logged.
The company eagerly awaits assay results.
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.