Segue Resources reviews Pardoo project

THE DRILL SERGEANT: Segue Resources (ASX: SEG) has commissioned a review and evaluation of the company’s Pardoo nickel-copper project, located in the Pilbara region of Western Australia.

Segue has appointed mineral exploration consultants, OMNI GoeX to undertake the review, which has completed an initial review of historical exploration data Segue has available across the Pardoo project area.

This includes gravity and airborne magnetic surveys, geological mapping and drilling results.

The review has concluded that the Pardoo project is prospective for the discovery of new magmatic sulphide nickel and copper deposits associated with a series of mafic-ultramafic intrusions.

It also concluded the company’s existing Highway nickel-copper deposit is likely the result of structural remobilisation and detachment of sulphides within the Pardoo Fault zone.

A previously reported JORC compliant inferred resource of 50million tonnes at 0.3 per cent nickel and 0.13 per cent copper has been established at the Highway Deposit.

 

Highway deposit Mineral Resource. Source: Company announcement

 

So far the review has:

–    Interpreted a large mafic-ultramafic intrusive body(s), part of which has been caught up in the Pardoo Fault Zone, from drilling, gravity and magnetic data;

–    Concluded the presence of the Highway nickel-copper deposit clearly demonstrates the presence of a significant mineralising nickel and copper system that may be associated with the mafic-ultramafic intrusions; and

–     Identified the interpreted basal unit as the priority area for the next phase of evaluation;

As a result of the review and initial geological interpretation Segue has applied for an additional exploration licence covering 225 square kilometres adjacent to the northern boundary of the company’s existing tenement E45/1866.

Segue said it expects to be notified of the outcome of the application in 4Q 2013.

The next phase of evaluation will include a review and re-modelling of existing airborne and ground based electromagnetic data, and a program of field work the company anticipates to have completed by the end of September 2013.