Estrella Resources Releases Carr Boyd Drilling Results

THE DRILL SERGEANT: Estrella Resources (ASX: ESR) released assays from diamond drilling undertaken below existing workings at the company’s 100 per cent-owned Carr Boyd nickel and copper project, located outside Kalgoorlie-Boulder in Western Australia.

Estrella Resources achieved impressive massive sulphide assay results at the project from hole CBDD064, including:

Main Zone

16.2 metres at 3.12 per cent nickel and 0.6 per cent copper from 192.35m, including 8.07m at 4.31 per cent nickel and 0.75 per cent copper from 199.85m.

Results included individual assays up to 6.42 per cent nickel.

Mid Zone

1.45m at 1.57 per cent nickel and 0.75 per cent copper from 242.8m.

Lower Zone

12.97m at 1.07 per cent nickel and 0.25 per cent copper from 256m, including 3.98m at 1.25 per cent nickel and 0.41 per cent copper from 256.77m, and 5m at 1.37 per cent nickel and 0.21 per cent copper from 263.97m.

“The Carr Boyd project continues to produce some exceptional results, with numerous intersections of massive nickel sulphide and some very high nickel and copper assays associated with these drill hits,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our understanding of this large mineralised system is gaining with every drill hole.

“The high-grade results received from hole CBDD064 beneath the historic Carr Boyd mine not only sees our geological model intact but also bolsters our confidence to unlock further massive nickel sulphides.

“With nickel prices now reacting to strong demand from the global EV and battery revolution, Estrella is in an enviable position owning numerous quality nickel sulphide projects with scope for significant discoveries.

“The Ukraine War with Russia has seen nickel prices reach extraordinary levels overnight on the London Metal Exchange in excess of US$21.80per pound.

“These are prices that haven’t been seen since the resource boom in 2007 and in Australian dollar terms we haven’t seen such prices ever.

“As much as the nickel price rise is welcomed the war in Ukraine is not and I very much pray that peace is restored to the people of Ukraine.

“We are also well funded to continue our drilling efforts to locate what we believe could be a world class nickel sulphide discovery at Carr Boyd and I look forward in providing further news as we push forward.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au