THE DRILL SERGEANT: Estrella Resources (ASX: ESR) claimed recent assay results to have confirmed the high-grade nature of magmatic nickel sulphides previously intersected at the T5 prospect within the company’s Carr Boyd nickel project in Western Australia.
Estrella Resources drilled hole CBDD030 into a blind target zone located 300 metres south of the original T5 discovery zone at the Carr Boyd project.
The T5 prospect is located 1.1 kilometres from the historic Carr Boyd mine and is considered by the company to be, “the most significant mineralisation intersected outside of the known mine area”
Results returned comprise the high-grade massive sulphide zone which returned:
2.5 metres at 3.66 per cent nickel, 0.46 per cent copper, 0.16 per cent cobalt, 2.09 grams per tonne silver and 0.78g/t gold+platinum+palladium (Au+Pt+Pd).
The combined massive and matrix sulphide zone returned grades of:
3.7m at 2.85 per cent nickel, 0.65 per cent copper, 0.13 per cent cobalt, 2.58g/t silver and 0.75g/t Au+Pt+Pd.
These are located within the much broader mineralised zone returning an overall grade of:
13.9m at 1.07 per cent nickel, 0.39 per cent copper, 0.05 per cent cobalt, 1.56g/t silver and 0.48g/t Au+Pt+Pd.
“Grade is King and with assays returning plus-3.5 per cent nickel, this is an absolutely fantastic result,” Estrella Resources CEO Chris Daws said in the company’s announcement to the Australian Securities Exchange.
“It’s going to get interesting from here on in as we drill out this high-grade nickel discovery and test the surrounding area for further mineralisation.
“Well done to the entire team and I look forward to seeing what the future holds for us as we unlock the true potential of the T5 mineralisation.