PLD intersects nickel at Rocky Gully

THE DRILL SERGEANT: PLD Corporation Limited (ASX: PLD) has received assay results from an initial near surface RC drilling program at the Octagonal nickel prospect, located within the company’s Rocky Gully project in the Albany Fraser Belt of Western Australia.

The Octagonal nickel prospect was formerly known as M19 and M20 targets, where PLD has previously identified nickel copper sulphides.

The near surface drilling consisted of five RC holes and was aimed at verifying nickel copper mineralisation, confirming the presence of sulphides and extending known mineralisation at shallow depths of less than 100 metres.

PLD said all five holes intersected nickel mineralisation, including intercepts of 1m at 2.05 per cent nickel.

 

RC Drilling at the Octagonal nickel-copper prospect. Source: Company announcement

 

“The company is currently undertaking an electromagnetic (EM) survey employing a deep penetrating Moving Loop ground EM system (MLEM), which is used to detect massive sulphide conductors to depths greater than 500 metres,” PLD Corporation said in its ASX announcement.

“Results of this survey are expected in the coming weeks.

“All data from the drilling and EM programs is being integrated to assist in planning for the next phase of drilling at the prospect.

“The company is encouraged by these initial results, which both confirm and improve upon results achieved in previous exploration at the project. “