Sheffield Resources identifies Fraser Range Ni-Cu-Co

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THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) has received results from a second phase of aircore drilling completed in December 2013 at the company’s Red Bull nickel-copper project in the Fraser Range Nickel Province of Western Australia.

Sheffield carried out the Phase 2 aircore drilling program to follow-up its Phase 1 program, which identified the Earlobe, Stud and Sleeper prospects.

 

Aircore drill plan showing contours of maximum nickel in hole and
selected intervals (>0.2 per cent nickel) at the Earlobe, Stud
Sleeper and Hook prospects. Source: Company announcement

 

Results from the Phase 2 drilling include:

Stud

4m at 0.31 per cent nickel, 0.11 per cent copper, 0.05 per cent cobalt, 7ppb lead, 5ppb platinum, 0.11 per cent chromium from 56m; (REAC401)

8m at 0.37 per cent nickel, 0.01 per cent copper, 0.01 per cent cobalt, 4.6ppb lead, 4.4ppb platinum, 0.18 per cent chromium from 47m; (REAC413)

8m at 0.30 per cent nickel, 0.03 per cent copper, 0.04 per cent cobalt, 5ppb lead, 10.5ppb platinum, 0.19 per cent chromium from 43m; (REAC407)

Earlobe

8m at 0.29 per cent nickel, 0.02 per cent copper, 0.02 per cent cobalt, 4ppb lead, 3.5ppb platinum, 0.19 per cent chromium from 36m. (REAC375)

Hook

2m at 0.25 per cent nickel, 0.07 per cent copper, 0.03 per cent cobalt, 34ppb lead, 25ppb platinum, 0.64 per cent chromium from 54m. (REAC458)

“The Stud nickel anomaly has emerged as a substantial target zone over 1.8 kilometres in length,” Sheffield Resources managing director Bruce McQuitty said in the company’s announcement to the Australian Securities Exchange.

“We are encouraged by the higher copper values at Stud of up to 0.11 per cent, which may indicate proximity to a nickel-copper sulphide system.

“The new target at Hook is also significant, featuring elevated platinum group elements and chromium in addition to anomalous nickel-copper-cobalt.

“Hook has been tested by just one line of aircore drilling so far.

“With each successive phase of aircore drilling we are improving the resolution of our targets.

“Our next programme of work, scheduled for Q2 2014, will include a further phase of aircore drilling and ground geophysical surveys prior to deeper drilling of targets.”

Email: info@sheffieldresources.com.au

Website: www.sheffieldresources.com.au