THE DRILL SERGEANT: Neometals (ASX: NMT) declared to encouraged by results from reverse circulation (RC) drilling at the company’s Mt Edwards nickel project in Western Australia.
Neometals reported the completion of drilling, sampling and down-hole electromagnetic (DHEM) surveys at the Armstrong deposit on Mining Lease M15/99, and on recently acquired Exploration Licence E15/1553 that is located less than two kilometres directly north and along strike from Mincor’s Resources Cassini Mineral Resource.
The drilling at Armstrong and the yet to be named exploration licence comprised 11 RC holes completed in November and December 2019 and included a sampling and assay program the company expects to enable results to be used in future Mineral Resource estimations.
Massive nickel sulphide intercepts were encountered on the Armstrong deposit, including:
6 metres at 8.11 per cent nickel, including 5m at 9.63 per cent nickel;
10m at 1.65 per cent nickel, including 4m at 2.42 per cent nickel; and
3m at 1.07 per cent nickel.
These intercepts were within wide mineralised zones of disseminated nickel with assays including:
34m at 1.94 per cent nickel; and
24m at 1.13 per cent nickel.
The drilling encountered 1m at 1.18 per cent nickel at newly acquired tenement.
“These strong results from Armstrong continue our success in identifying massive nickel sulphide mineralisation within our existing inventory,” Neometals managing director Chris Reed said in the company’s announcement to the Australian Securities Exchange.
“In preparation for a strengthening nickel market in the medium term, driven by increasing demand in the battery materials sector, Neometals will undertake mining studies and develop a pipeline of short lead time nickel sulphide resources.
“The successful discovery of nickel sulphide mineralisation along strike from Cassini just inside the boundary of a newly acquired tenement provides encouragement that our extensive tenement package around the Widgiemooltha Dome is one of the most prospective areas for greenfields nickel discoveries.”