Estrella Resources Encounters High-Grade Nickel at Spargoville

THE DRILL SERGEANT: Estrella Resources (ASX: ESR) reported further news on progress at the company’s Spargoville nickel project, located outside Kambalda in Western Australia.

Estrella Resources received the second last batch of assays, which it said had confirmed good mining widths and high grades below the 5A Open Pit’s southern and central sections.

Results include:

SPDD018
6.8 metres at 4.4 per cent nickel from 66.2m, including 1.76m at 10.21 per cent nickel;

SPDD017
4.05m at 3.05 per cent nickel from 76.9m, including 1.28m at 7.28 per cent nickel;

SPDD016
3m at 1.15 per cent nickel from 23.3m, including 2m at 1.23 per cent nickel; and

SPDD015
19m at 0.74 per cent nickel from 36m, including 3.3m at 1.09 per cent nickel.

The company is now preparing to produce an updated Mineral Resource that is anticipated to be completed around three weeks after the receipt of final assays.

“As expected, we continue to see very high-grade assays returned from the recent confirmation diamond drilling of the 5A nickel deposit,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Planning for the extraction of the bulk sample has progressed significantly and I look forward to updating shareholders on how, where and when we are able to deliver these valuable nickel tonnes for processing as the company steps towards a profitable nickel operation.

“Outlook for nickel prices continue to look very favourable and now couldn’t be a better time to plan and develop a nickel mining operation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au