NickelX off and running with drilling at Cosmos South

NickelX has commenced its maiden 1,500m diamond drilling program at the Cosmos South nickel project in WA.

The project sits within the prolific nickel producing Wiluna Greenstone Belt and is just 10km from IGO’s (ASX:IGO) high-grade Cosmos Nickel operations (IGO Limited) and 20km from BHP’s (ASX:BHP) Leinster Nickel operations.

NickelX (ASX:NKL) is targeting EM conductors coincident with strong magnetic anomalies which are along strike and interpreted to be stratigraphic continuations through the project of the sequences that host the deposits at Cosmos and Leinster.

Prospective for nickel sulphide mineralisation

The drilling will target the CS1 bedrock conductor which is interpreted to be shallow (depth to top 80m) and 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.

“We are targeting the CS1 target, the geophysical signature of which is consistent with buried channelised komatiite volcanic rocks prospective for nickel sulphide mineralisation,” MD Matt Gauci said.

“The program will consist of 4-6 holes with a combination of conventional diamond drill holes and directional diamond drill holes to be undertaken by DDH1, supervised and managed by Nickel X director Kris Butera and exploration manager Tony Donaghy.

“The company will release the results of this program as they become available.”

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.