Pioneer Resources releases Blair nickel mine maiden Resource

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has announced a maiden Mineral Resource estimate at the Blair Nickel Mine, situated within the company’s 100 per cent-owned Golden Ridge project in the Eastern Goldfields of Western Australia.

The Mineral Resource estimate stands at:
 

222,710 tonnes of nickel sulphide ore at 2.92 per cent nickel.

 

Blair nickel mine Minerals Resource summary by Category. Source: Company announcement

 

Pioneer said it has exploration programs planned for the Resource area, which will be designed to search for extensions to the current mineralisation close to the underground infrastructure.

The company has identified three priority areas it considers to warrant further exploration, and each has drilling records which show the presence of nickel sulphide mineralisation.

Pioneer believes surface drilling, modern down-hole EM and ground EM surveys may identify further potentially economic mineralisation.

“We are pleased to provide details of the company’s initial Mineral Resource for the Blair nickel mine, which provides an excellent basis from which to grow,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“The company is aware that a number of commodity forecasters are predicting an improvement to the nickel price within the next few years, and Pioneer is looking to develop a robust production scenario, and therefore be ideally leveraged for a return to higher nickel prices.”

Email:
pioneer@pioresources.com.au

Website:
www.pioneerresources.com.au