Assays continue to firm up Nova story for Sirius
THE DRILL SERGEANT: Sirius Resources (ASX:SIR) has received further assay results for nickel, copper and cobalt from two recent drill holes at the company’s Nova nickel-copper deposit.
The company said the results confirm the presence of exceptional widths and strong grades of mineralisation at Nova.
Preliminary (nickel, copper and cobalt only) results include:
Hole SFRD0039
Drilled 55 metres down dip of hole SFRD0037 (13.3m at 3.9 per cent nickel and 2 per cent copper) on the 600N line, intersected:
– 15.42 metres at 2.74 per cent nickel, 1.09 per cent copper and 0.09 per cent cobalt from 298.1 metres.
This intercept included:
– 3.6m at 4.83 per cent nickel, 1.73 per cent copper and 0.15 per cent cobalt from 298.1m;
– 2.22m at 5.92 per cent nickel, 0.82 per cent copper; and
– 0.19 per cent cobalt from 311.3m.
Cross section 600N showing drilling to date, with new assays.
Hole SFRD0041
Drilled 40 metres down dip of hole SFRD0039 also on the 600N line, intersected:
– 35.56m at 3.47 per cent nickel, 1.44 per cent copper and 0.1 per cent cobalt from 293.4m.
This intercept comprises two broad zones, which each include mineralised cores:
– 15.43m at 4.72 per cent nickel, 1.98 per cent copper and 0.15 per cent cobalt from 293.4m.
This intercept included:
– 6.73m at 6.11 per cent nickel, 2.14 per cent copper and 0.19 per cent cobalt from 302.17;
– 7.3m at 4.78 per cent nickel, 2.01 per cent copper and 0.15 per cent cobalt from 321.66m, including 5.02m at 6.11 per cent nickel, 2.57 per cent copper and 0.19 per cent cobalt from 321.66m.
SFRD0041 also intersected two separate footwall zones comprising:
– 3m at 1.86 per cent nickel, 1.26 per cent copper and 0.06 per cent cobalt from 341m; and
– A 0.9m zone grading 6.15 per cent nickel, 1.25 per cent copper and 0.19 per cent cobalt.
Sirius said the results had reinforced those it announced last month and put beyond doubt the robust nature of the nickel-copper sulphide mineralisation in this part of the Nova deposit.