Sirius Resources drilling indicates Bollinger potential

/in /by

THE DRILL SERGEANT: Sirius Resources (ASX: SIR) has followed up the initial Bollinger discovery hole with an intercept of over 40 metres of massive and breccia sulphides, which the company claims to be an indication the substantive nature of the Bollinger deposit.

Sirius said drilling has also confirmed its Nova deposit is connected to Bollinger via a mineralised feeder zone.

The company has completed four follow up holes so far to follow up the Bollinger discovery hole.

The new intersections include:

–    55 metres of sulphide mineralisation from 423.2 metres, including 41.6 metres of massive and breccia sulphide from 436.9 metres, located 60 metres west of the Bollinger discovery hole on the 700N line;

–    118.2m of trace to stringer sulphide from 343m, including 30.2m of disseminated to stringer sulphide from 431m, located 100m east of the Bollinger discovery hole on the 700N line;

–    32.1m of breccia and stringer sulphide from 383.15m, in the feeder zone between Nova and Bollinger on the 675N line; and

–    21.5m of stringer and disseminated sulphide from 356.8m and 2.5m of massive sulphide from 403.5m, in the feeder zone between Nova and Bollinger on the 675N line.

 

Cross section on line 700N showing Nova (left), feeder zone (centre)
and Bollinger (right) drilling. Source: Company announcement

 

“The first follow up holes to the Bollinger discovery hole have confirmed the significance of Bollinger and its connectivity with Nova and also potentially with conductor 5 to the north,” Sirius Resources managing director Mark Bennett said in the company’s announcement to the Australian Securities Exchange.

“The strong EM conductor identified southeast of these holes suggests we may have yet to drill the sweet spot.

“Our plan of finishing the Nova drillout and immediately going hard on exploration whilst the Nova project team completes the first resource estimate is paying immediate dividends, and six rigs have now begun an intensive drilling campaign at Bollinger and adjacent targets within the Eye.”

While all this has been happening, Sirius received assays received for Nova infill holes, which included a number of healthy intersections at the edges of the deposit, as follows:
 
–    37.38m at 2.05 per cent nickel and 0.41 per cent copper from 282m, located at the extreme northwestern edge of Nova;

–    18.75m at 2.82 per cent nickel and 0.68 per cent copper from 50.85m, located close to surface at the extreme southwestern tip of Nova; and

–    21.74m at 4.37 per cent nickel and 1.15 per cent copper from 361.26m, located towards the southeastern margin of Nova.

Sirius said it remained on track to complete the maiden JORC resource estimate for Nova in March.

The company said it was confident Nova and Bollinger are part of a significant mineralised system.

A further exploration drilling program has commenced.