NickelX finds sulphides at Fire Dragon and Silver Dragon nickel targets
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Diamond drilling at NickelX’s Biranup project in the Albany Fraser Orogen (AFO) has encountered massive sulphides at the Fire Dragon Nickel target and disseminated sulphides at the Silver Dragon Nickel target.
At Fire Dragon the drill program was designed to locate thicker – and potentially economic – extensions of the nickel-copper bearing sulphide zone intersected by historical drilling and to better understand the mineralisation style.
The company found a 0.55m massive sulphide breccia interval contained within highly altered and deformed mafic from 262.2m to 273.7m (NKLDD004).
And at Silver Dragon, two styles of sulphide mineralisation were encountered from surface to EOH depth of 408.4m (NLKDD005).
NickelX Limited (ASX:NKL) said to have encountered sulphides at both projects is highly encouraging.
“While we would have anticipated thicker intervals in the gabbro based upon the geophysical interpretations, the program was only a first pass and once assays are received, we will incorporate those results into our geological model for planning of the potential next stage of drilling,” the company said.
“In the meantime, Downhole Electromagnetic (DHEM) surveys will commence shortly to detect any off-hole conductors.”
All sulphide-bearing intervals observed in the six diamond drill holes completed have been sampled with cut core and all assays are pending.
Downhole EM surveys are being organised to test for off-hole conductors and potential follow up Diamond/RC drilling program initially at Fire Dragon.
The company is updating its geological data model of the targets with the results of drilling, and expects borehole EM results and assay data to be added as they become available.
NickelX is also developing further targets for follow up drilling and will announce plans for further exploration plans once all the new data results have been analysed and interpreted.
This article was developed in collaboration with NickelX 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.