THE DRILL SERGEANT: Poseidon Nickel (ASX: POS) reported the latest batch of assays results received from a further nine holes of the company’s recent Golden Swan drill program.
Poseidon Nickel kicked off the Golden Swan Resource Definition drilling program in late April 2021, which was designed to increase the company’s confidence in the continuity of the Golden Swan mineralisation to JORC 2012 Inferred and Indicated levels.
0.8 metres at 14.3 per cent nickel from 178.85m;
2.95m at 4.46 per cent nickel from 166.85m;
3.95m at 5.1 per cent nickel from 168m, including 07m at 11.9 per cent nickel from 168.45m;
4.6m at 4.04 per cent nickel from 178.45; and
4.15m at 7.69 per cent nickel from 174.8m, including 1m at 11.6 per cent nickel from 174.8m and 1.15m at 11 per cent nickel from 177.8m.
“The Golden Swan Resource definition drilling program has been completed and assay results continue to be received,” Poseidon Nickel managing director and CEO Peter Harold said in the company’s ASX announcement.
“The latest batch of assays has some good widths and grades, including some very high-grade intervals which will bulk up the tonnes in the mineralised zone.
“Once all the assay results are received, we will be able to prepare a maiden resource which we plan to release late in the September 2021 quarter.
“Drilling is well underway on the Southern Terrace where we are looking for more Golden Swan style high-grade mineralised zones.
“The Silver Swan Reserve Upgrade drill program, which is designed to increase the high-grade nickel mining inventory at Black Swan, should be underway in late August.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE