Parmelia works-up Dunnsville potential

THE DRILL SERGEANT: Parmelia Resources (ASX: PML) outlined the progress it has made at the company’s 100 per cent-owned Juardi Hills nickel-sulphide project, located 50 kilometres north-west of Coolgardie in Western Australia.

The company has received results of independent analysis of legacy GEOTEM airborne electromagnetic data, historic rock chip data and surface samples, which it claims to have enhanced the magmatic nickel-sulphide exploration potential of the Dunnsville nickel prospect, situated within the Jaurdi Hills project.

 

Source: Company announcement

 

Parmelia explained it has had a reinterpretation of legacy GEOTEM airborne EM data carried out that has identified a sizeable conductor co-incident with the previously-identified Southern High Priority Target.

The review identified anomalous historical soil samples with peak nickel (1260ppm), copper (315ppm) and cobalt (150ppm) results from the Southern Target are, which Parmelia said were located almost exactly up-dip of the centre of the conductor.

Of note were historical soil samples with elevated PGE (>60ppb platinum+palaldium) results, which were shown to encircle the conductor.

The company considers these enhance the prospect of nickel sulphides being present.

A new rock chip sample taken by Parmelia from an outcrop 230 metres from the surface projection of the conductivity anomaly returned highly anomalous nickel (1358ppm), copper (1849ppm), platinum (194ppb) and palladium (125ppb) results.

The company indicated further, historical, rock chip sample data also confirms the presence of both nickel (over 1000ppm) and copper (over 300ppm) co-incident with the Southern
Target.

Mapping carried out by the company has also confirmed a geological sequence it considers to be typical of that which hosts Kambalda-type nickel-sulphide deposits.

Parmelia said these latest results enhance the possibility of a nickel-sulphide discovery at the Southern High Priority Target.

“All of the data received to date, including the identification of a conductivity anomaly coincident with anomalous nickel and nickel-sulphide pathfinder surface geochemistry in a komatiitic geological setting, points to the significant potential for a nickel-sulphide discovery at the Southern High Priority Target,” Parmelia Resources executive chairman Nigel Gellard said in the company’s announcement to the Australian Securities Exchange.

“We are excited and encouraged by this recent development and we look forward to keeping the market updated on our progress at Dunnsville”

Email: info@parmeliaresources.com

Website: www.parmeliaresources.com