Nordic Nickel Confirms Nickel Sulphide System
THE DRILL SERGEANT: Nordic Nickel (ASX: NNL) reported assay results for the first diamond drillhole completed at the company’s Pulju nickel project in the Central Lapland Greenstone Belt (CLGB) of northern Finland.
Nordic Nickel received assays for diamond drillhole HOT001, completed as part of the company’s first diamond drilling program at the Hotinvaara prospect, which it claims to have confirmed scale and endowment within the nickel sulphide system at Pulju.
The company explained HOT001 targeted EM conductors and lateral and depth extensions of the Hotinvaara JORC (2012) Mineral Resource Estimate (MRE) of 133.6 million tonnes at 0.21 per cent nickel.
The hole intersected pervasive disseminated nickel sulphide mineralisation to a downhole depth of 624m, returning assays that included:
94.15 metres at 0.2 per cent nickel from 6.4m;
38.7m at 0.26 per cent nickel from 149.3m, including 0.65m at 1.49 per cent nickel, 0.07 per cent cobalt from 174.7m;
38m at 0.18 per cent nickel from 226m, including 0.65m at 1.09 per cent nickel, 0.06 per cent cobalt from 239.15m;
93.3m at 0.17 per cent nickel from 276m; and
50.85m at 0.16 per cent nickel from 395.15m.
“These first assays from our maiden diamond drilling program have added to the excitement around the scale and endowment of the nickel sulphide system at Pulju and its significant growth potential,” Nordic Nickel managing director Todd Ross said in the company’s ASX announcement.
“Excitingly, this hole provides our first insight into the potential for mineralisation below the existing Mineral Resource – which was based entirely on historical drilling and extends to a maximum depth of 500 metres with 81 per cent of the MRE in the top 250 metres.
“HOT001 intersected multiple zones of disseminated nickel sulphide mineralisation to a downhole depth of 624 metres in the prospective ultramafic lithologies, with the system remaining entirely open in several directions.
“This is an important first hole for Nordic Nickel which confirms we have a potentially world-class asset at Pulju.
“It provides clear evidence of the potential to expand the current MRE at Hotinvaara, while also confirming the significant nickel sulphide endowment of the system.
“It also augurs well for the potential discovery of additional high-grade massive sulphide zones, which remains a key focus of our drilling.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE