With heritage surveys completed and a Program Of Works (POW) approval in the bag, NickelX is ready to begin drilling within a highly endowed nickel rich region of the Wiluna Greenstone Belt (WGB).

It is here that Nickel X (ASX:NKL) is seeking buried channelised komatiite volcanic rocks prospective for nickel sulphide mineralisation via a four to six hole program targeting fixed loop electromagnetic (FLEM) and moving loop electromagnetic (MLEM) conductors that are coincident with strong magnetic features.

The Cosmos South Nickel project is situated in the epicentre of a world-class nickel deposit neighbourhood, only a short 10kms south of IGO’s (ASX:IGO) Cosmos Nickel Operations and 20km north of BHP – Nickel West’s (ASX:BHP) Leinster Nickel operations.

Homing in on the CS1 target

Sparse historical aircore drilling was shallow (c. 30m vertical) and conducted prior to the identification of coincident EM and magnetic anomalism, modelled to commence at a vertical depth of 80m, estimated to comprise a strike length of 565m and depth extent of 850m with a time constant of 700ms and modelled conductance of 11,300 Siemens, representing a compelling and untested drill target.

NKL managing director Matt Gauci says the much-anticipated diamond drilling program is initially targeting the CS1 target, where the geophysical signature is consistent with buried channelised komatiite volcanic rocks prospective for nickel.

“The planned drill program is supported by a WA Government EIS Grant and the company is thankful to the WA Government and Traditional Owners for the efficient and cordial approvals process,” he says.

At the end of August, NKL signed a Land Access and Mineral Exploration Deed of Agreement with the Tjiwarl (Aboriginal Corporation) RNTBC after being awarded a co-funded drilling grant of up to A$180,000 under the WA Government Exploration Incentive Scheme (EIS).

 

 

 

This article was developed in collaboration with NickelX, 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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