A second magnetic survey at NickelX Cosmos South is seeking to extend targets for the company’s project in WA.
The survey, undertaken across 25m E/W traverses, is a follow up from the June survey and aims to enhance prominent magnetic features for nickel sulphide mineralisation at the Cosmos South Nickel Project.
Drone Geoscience was engaged to conduct the magnetic survey over the southern portion of M36/580 while Southern Geoscience Consultants has been tasked with the processing activities – with a view to map the ultramafic rocks and identify drill targets at the CS2 target.
Currently, NickelX (ASX:NKL) says data processing is underway, including the integration of data from the initial survey over the northern portion of M36/580.
Results expected in coming weeks
NKL managing director Matt Gauci says processing results to define drill targets at CS2 are expected in the coming weeks, while permitting works are well advanced to drill test the CS1 target.
This is also where coincident EM conductors and magnetic anomalies present a highly prospective target.
Four drill holes are planned (in two sets of two drill holes) to test the near-surface and down dip extension of the conductivity and magnetic features identified.
Location, location, location
The Cosmos South Nickel Project is 10km south of IGO’s (ASX:IGO) world-class high-grade Cosmos Nickel operations and 20km north of the world class Leinster Nickel operations, owned by BHP – Nickel West within Western Australia’s prolific Wiluna Greenstone Belt.
NKL says the project is covered by recent transported cover sequences associated with the Lake Miranda drainage system and mapping of subsurface lithology is dependent on interpretation of geophysical data.
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.