THE DRILL SERGEANT: Estrella Resources (ASX: ESR) came out of a self-imposed trading halt to report an intersection of 6.75 metres of massive nickel-copper-iron sulphides within a broad zone of sulphide rich mineralisation at the company’s 100 per cent-owned Carr Boyd nickel-copper project, located just outside Kalgoorlie in Western Australia.
Estrella Resources encountered the intersection of large massive nickel-copper-iron sulphide intersection at the T5 discovery that was made in October last year and continues the company’s 100 per cent strike rate for nickel-copper-iron sulphides in its current Phase 3 diamond drilling program.
Estrella had designed hole CBDD054 as a platform hole from where it has drilled into an open area above CBDD0302 and CBDD0333, which both intersected massive to disseminated sulphides.
Hole CBDD054 intersected the basal contact between these two holes and a subsequent wedge hole – CBDD054A has been set for drilling of this exploration hole to target the area above the current intersection.
“We have hit another impressive massive sulphide zone in our Phase 3 drilling program, our best yet by far and with more drilling to come it is not unwarranted to expect more,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.
“It is a great reward for the patience that our team and shareholders have had in getting an understanding of the T5 geological setting.
“The significance of gaining an in-depth understanding of the local controls at T5 cannot be understated.
“We can take this understanding and begin to apply it to the broader T5 pyroxenite during Phase 4 exploration, and even beyond that.
“Seeing and understanding these broader geological phenomena allows us to trace sulphide flow through the Carr Boyd complex to additional and postulated trap sites as we know from our experience at T5 that they are often closely associated with massive nickel-copper sulphide formation.”
ESTRELLA RESOUCE MD CHRIS DAWS SPOKE WITH THE RESOURCES ROADHOUSE AT THE
AND A COUPLE OF WEEKS LATER ON