Widgie Nickel says Reverse Circulation (RC) and Diamond drilling (DD) targeting the Gillett, Gillett North, Widgie 3 and Widgie Townsite prospects has confirmed nickel mineralisation outside of the current resources at the Widgie South area of its Mt Edwards project in WA.

The drilling discovered broad, near surface, nickel mineralisation at Widgie Townsite, with results including:

  • 51m at 0.74% Ni, 0.02% Cu, 0.04% Co from 75m (MEDD032);
  • 32m at 0.97% Ni, 0.04% Cu, 0.06% Co from 46m (MEDD062);
  • 7m at 1.45% Ni, 0.17% Cu, 0.04% Co from 405m (MEDD064); and
  • 4.04m at 2.02% Ni, 0.14% Cu, 0.05% Co, 0.24g/t Au, 0.36g/t Pd, 0.10g/t Pt from 252.96m (MERCD071).

Assays from Widgie 3 returned:

  • 23m at 1.53% Ni, 0.11% Cu, 0.02% Co from 120m (MERC239); and
  • 29m at 1.26% Ni, 0.10% Cu, 0.02% Co from 189m (MERC240).

Gillett intersections included:

  • 2.25m at 1.56% Ni, 0.20% Cu, 0.05% Co, 0.06g/t Au, 0.25g/t Pd, 0.12g/t Pt from 332.3m (MERCD185);
  • 19m at 1.14% Ni, 0.15% Cu, 0.04% Co, 0.04g/t Au, 0.07g/t Pd, 0.17g/t Pt from 304m (MERC146); and
  • 21.5m at 1.32% Ni, 0.14% Cu, 0.04% Co from 189.5m (MEDD040).

In addition, a highly prospective corridor between Gillett and Gillett North, and below the northern end of the current resource, demonstrates mineralisation remains open down dip and down plunge.

Key project in the Mt Edwards pipeline

“Drilling at Widgie South continues to pay dividends with some great results both within the existing resource shape and outside,” Widgie Nickel (ASX:WIN) MD Steve Norregaard said.

“The latest results, which demonstrate high-grade mineralisation beyond the current Gillett deposit, complement our previous results at Gillett announced in mid-February reaffirming grade continuity within the current deposit.”

The company sees the Greater Widgie South area, comprising Widgie 3, Widgie Townsite and Gillett/Gillett North, as the potential second nickel production centre in its portfolio – given the three deposits current contain a combined 71,800t Ni with further upside potential.

Widgie South is also a key component of the Mt Edwards project pipeline, which also includes the Faraday lithium deposit where the company recently released a maiden lithium mineral resource of 481,000t at 0.59% Li2O at a 0.3% cut-off.

“Widgie South is very much a long-term growth opportunity within the Mt Edwards project, an anchor project, if you will,” Norregaard said.

“Drilling is set to continue during the first half of 2023 as we continue to expand, refine and define the limits to the mineralisation with significant blue-sky potential ahead.”

 

 

 

 

This article was developed in collaboration with Widgie Nickel 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.

 

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