Independence hits massive sulphide at Moran South

THE DRILL SERGEANT: Independence Group (ASX: IGO) was in a hurry to announce a drilling hit from an ongoing program at the Moran South target, part of the company’s long project at Kambalda Western Australia.

IGO announced the drilling has intersected 5.4 metres at 12.38 per cent nickel of massive sulphide (true width 3.5m) in drill hole LSU-493.

The intercept is 1140m below surface, 320m south of the Moran nickel ore body and 90m below recently completed Moran South Drill Drive platform.

The company explained the intercept consists of massive sulphide in an ultramafic-basalt contact position and is co-incidental with a downhole electromagnetic (DHEM) geophysical response identified from recently completed drill hole LSU-492, drilled down dip of LSU-493.

 

Long Operation – Longitudinal projection showing target areas, DHEM
conductors and significant intercepts (>0.5% Ni). Source: Company
announcement

 

This intercept comes from the third underground diamond drill hole out of a proposed nine hole exploration program to identify the Long-Moran komatiite channel south and down plunge of the Moran orebody, east of the Moran East fault.

Further step out drilling to the south is planned to test down plunge of the current intercept in the coming months.

“Although one drill hole does not make a discovery, this is an important step in dentifying the potential southern extensions of the Moran orebody,” Independence Group managing director Peter Bradford said in the company’s announcement to the Australian Securities Exchange.

“We are particularly pleased at the high tenor of mineralisation, which is similar to Moran, and look forward to further drill testing of this target position by the Long exploration team in the coming months.”

Email: contact@igo.com.au

Website: www.igo.com.au