Sirius picks up exploration pace

THE DRILL SERGEANT: Sirius Resources (ASX: SIR) has identified new drill targets via ongoing exploration at the company’s Fraser Range and Polar Bear projects in Western Australia.

Centauri nickel target (Fraser Range JV – SIR 70%)

Ground electromagnetic (EM) surveying has identified a broad EM anomaly beneath the Centauri nickel-copper soil anomaly, which Sirius said coincides with the extent of the nickel-copper anomaly.

Preliminary modelling of this EM anomaly has indicated the presence of a shallow, broad, flat-lying conductor.

Crux nickel target (Fraser Range JV – SIR 70%)

A broad EM anomaly has been identified beneath the southern part of the Crux nickel-copper soil anomaly, which has been interpreted to partially coincide with the southern cluster of nickel-copper soil anomalies at Crux and is similar to that at Centauri.

Drilling is scheduled to follow the initial drill program at Centauri.

Talbot and Southern Hills soil anomalies (Fraser Range – SIR 100%)

Reconnaissance soil geochemical sampling on Sirius’ 100 per cent-owned tenements in the southern part of its Fraser Range project has identified two nickel-copper soil anomalies associated with mafic intrusions.

The Southern Hills anomaly is approximately 1.2 kilometres long and 0.7km wide and is defined by nickel values up to 200ppm and copper values up to 80ppm.

The Talbot anomaly is approximately 1.4km long and 0.8km wide and is defined by nickel values up to 200ppm and copper values up to 60ppm.

Infill sampling is ongoing.

Western Trend (Fraser Range – SIR 100% subject to shareholder approval)

Drilling on the Western Trend, located immediately to the west of the Nova -Bollinger deposits within the Nova mining lease application is aimed at defining near surface nickel-copper sulphide mineralisation intersected in previous drilling.

A deep penetration EM survey, using a high power system known as Samson, has been planned to cover the entire MLA.

A trial of this system confirmed it can detect the Bollinger deposit (which was invisible to conventional EM) at a depth of 450m.

This program is scheduled to commence in early May, and is aimed at identifying EM conductors at depths of up to 600m – over twice the depth penetration range of the conventional EM undertaken so far.

 

The Nova mining lease application area showing the Western
Trend, where drilling has recommenced to follow up previous
intersections of nickel mineralisation. Source: Company announcement

 

Nanook gold prospect and reconnaissance drilling (Polar Bear – SIR 100%)

Reconnaissance drilling is underway at the Nanook gold prospect to tighten up drill spacing from 200m spaced lines to 100m spaced drill lines.

Only a few results have been received from this drilling, including:

16 metres at 1.17 grams per tonne gold from 40 metres, including 4 metres at 3.16 grams per tonne gold from 44 metres in SPBA1474;

4m at 4.93g/t gold from 40m in SPBA01475; and

4m at 2.32g/t gold from 44m, and 10m at 1.03g/t gold from 60m (to end of hole), including 4m at 2.33g/t gold from 64m in SPBA01476.

First pass broad spaced reconnaissance drilling of targets at the Polar Bear project has returned intercepts of:

4m at 6.29g/t gold from 24m in SPBA1102;

4m at 1.1g/t gold from 56m in SPBA1153; and

20m at 1.35g/t gold from 4m, including 4m at 2.11g/t gold from 4m in SPBA1379.

Sirius indicated its next stage of infill drilling will resume in May.

Email: admin@siriusresources.com.au

Website: www.siriusresources.com.au