Shares in NickelSearch are flying on news the company has once again intersected massive sulphide mineralisation at the Sexton prospect within the wider Carlingup project.

This time, diamond drilling has hit visual sulphides in the Upper Mineralised Horizon (UMH) and Lower Mineralised Horizon (LMH), with both horizons intersected at shallower depths than expected.

NickelSearch (ASX:NIS) says diamond drill hole 23NDD030 has intersected massive sulphides in the same horizon as previous results, which were reported over a 9.85m interval in diamond drill hole 23NRD028.

These latest results confirm nickel mineralisation continues 60m along strike, extending the total strike length to 250m.


Assays from drill holes expected shortly

NIS managing director Nicole Duncan says the hole confirmed the presence of nickel sulphide mineralisation sitting in a structure at relatively shallow depths of ~145m and starting quite close to surface at ~40m, is particularly pleasing.

“This mineralisation was intersected shallower than anticipated, and our planned DHEM surveys in the DD will allow for more constrained models and show where the intersections are in respect of the new models,” she explained.

The samples from the drill holes have been sent for laboratory analysis and are expected in about six weeks.


What’s next?

Planned DHEM surveys will now be completed to allow for more constrained models and in conjunction with assay results, allow for the generation of follow-up drill targets to extend mineralisation and vector in on higher grade zones.




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.