Pioneer Resources nicks key nickel sulphide indicators at Fairwater

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has intersected key nickel sulphide indicators while completing a diamond core drilling program at the company’s Fairwater nickel project, located in the Albany Fraser Orogen in south east Western Australia.

Pioneer completed three diamond core holes during the current program, each of which the company said had intersected ultramafic rocks within an interpreted mafic-ultramafic chonolith or complex conduit sill-dyke system, an environment Pioneer considers to be highly prospective for nickel sulphide mineralisation.

The company employed a major-element rock geochemistry as part of the program to generate a mineralisation vector that indicates increasing fertility towards the centre of the sill-dyke system.

On the back of these results, Pioneer now has a gravity survey underway, with the aim of providing increased focus for its next phase of drilling.

Pioneer said the results from this program support previous aircore drilling at Fairwater, which intersected supergene nickel sulphide minerals.

“The geochemical data from the first phase of diamond drilling provides a clear, westerly trending mineralisation vector, based on improving nickel-enrichment and the presence of elevated copper, platinum, palladium and sulphur in FWDD003,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“We have commenced a gravity survey which aims to better define the chonolith or conduits for the sill-dyke system where nickel sulphide mineralisation is most likely to have been deposited.”

Website: www.pioresources.com.au