NIS learns nickel sulphide mineralisation is spread far and wide at B1

Latest signs from diamond drilling at NickelSearch’s B1 target show sulphide mineralisation accumulates from 285m down plunge, with assays on the way.

From the visuals of the completed drilling, NickelSearch (ASX:NIS) believes the diamond hole has intersected 40m of predominantly disseminated nickel sulphides, providing the company with further understanding of the mineralisation.

So far, NIS has observed a thick interval of ultramafic host rock with signs of the sulphide accumulating in the base of the sequence in the diamond hole, plus the mineralised horizon appears to stretch for some distance.

NIS managing director Nicole Duncan says the sulphide volumes in the ultramafic at the B1 target, within the wider Carlingup project are low but the mineralisation is high tenor.

Results expected mid-August

Assay results are currently pending from this diamond hole at B1 and the two diamond holes at the Sexton target, which intersected visual massive sulphides.

NIS expects the results in mid-August.

The plan for the exploration team now is to review historic surface electromagnetic survey coverage around B1 and consider the opportunity to conduct further ultrafine soil sampling over the ultramafic horizon to test the fertile flow.

Previous RC drilling

This latest diamond drilling at B1 follows the completion of seven RC holes in May for a total of 1,108m.

Results from this drilling extended mineralisation, with assays reported as 7m at 0.73% nickel from 109m, including 3m at 1.05% nickel from 109m; and 7m at 0.67% nickel from 48m, including 3m at 0.97% nickel from 52m.

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.