Sirius Resources identifies new Fraser Range anomalies
THE DRILL SERGEANT: Sirius Resources (ASX: SIR) claims to have identified an number of soil anomalies over one of its new nickel targets within the company’s 70 per cent-owned Fraser Range Joint Venture.
Sirius said each of the anomalies within the new prospect area, known as Crux, measures between 400 metres and 800 metres in length and peaks at over 1,000ppm nickel (up to 1980ppm), between 100ppm and 286ppm copper, and between 100ppm and 195ppm cobalt.
The company said these are the strongest soil anomalies it has identified since its discovery of the original Nova soil anomaly.
Map showing location of the Crux area soil anomalies
superimposed on colour gravity image which highlights the location of
Sirius’ targets and tenements. Source: Company announcement
“The Crux anomalies form a cluster within a magnetic low measuring approximately 5 kilometres long by 2 kilometres wide, which may represent an intrusion similar to that at the Eye,” Sirius Resources said in its ASX announcement.
“The anomalies, and the interpreted intrusion, are located 70 kilometres southwest of the Nova deposit at the southern end of the gravity anomaly that defines the nickel prospective area of the geological belt known as the Fraser Complex.”
Sirius indicated it has further follow up soil sampling and ground electromagnetic (EM) surveys planned to prioritise these new targets.
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