THE DRILL SERGEANT: Neometals (ASX: NMT) has been encouraged by assay results from reverse circulation (RC) drilling at the Mt Edwards nickel project near Kalgoorlie in Western Australia.
Neometals completed drilling, sampling and down-hole electromagnetic (DHEM) surveys conducted across the Widgie 3 and Gillett deposits and the Widgie 3 North, Rhona and Widgie 3 South prospects.
These deposits and prospects, including Widgie Townsite, are collectively known as the Widgie South Trend and are located on Mining Lease M15/94 south of the community of Widgiemooltha.
In addition, further drilling was carried out at the Lake Eaton prospect on Exploration Licence E15/989.
Drill assay results include:
16 metres at 1.45 per cent nickel, including 2m at 4.79 per cent and 5m at 1.81 per cent nickel;
21m at 1.05 per cent nickel, including 4m at 2.42 per cent nickel; and
7m at 1.37 per cent nickel, including 3m at 2.39 per cent nickel.
“Neometals is progressively increasing the quantity and quality of its Mt Edwards Nickel Mineral Resources and improving the geological understanding with modern geophysics,” Neometals said in its ASX announcement.
“The company is very pleased with the outcomes of this exploration program, which represents the first drilling for nickel at the Widgie South Trend since April 2008.
“The four kilometres long Widgie South Trend zone, with its three Mineral Resources, contains an estimated 67,000 tonnes of nickel, in a pro-mining jurisdiction located near major road, rail and energy infrastructure in a world class nickel camp.”
In addition to the positive assay results, Neometals indicated it has conducted also DHEM surveys on all 13 drill holes completed at the Widgie South Trend which show several conductors considered to be strong targets for nickel sulphide mineralisation.
Further DHEM surveys are currently being conducted on historic drill holes across the Widgie South Trend to generate further drill targets.