Stratum Metals identifies nickel prospects on East Menzies Goldfield

THE DRILL SERGEANT: Stratum Metals (ASX: SXT) has completed a review of recent broad-spaced geochemical sampling on data from to completed in 2001 on part of the company’s East Menzies Goldfield project in Western Australia.

According to Stratum the review has delineated the presence of several high-order, large scale nickel soil anomalies within a mineralised corridor.

Gold anomalism is also noted within the same data set.

“I am very excited to have identified these further targets,” Stratum Metals managing director Martin Holland said in the company’s announcement to the Australian Securities Exchange.

“The fact the highest grade result is significantly higher than the soil anomaly associated with the Sirius Nova deposit is very encouraging and we plan to fast track exploration in the area.”

 

East Menzies project nickel soil sampling results. Source: Company announcement

 

The anomalies are located over parts of seven Prospecting Licences which have recently been granted to Stratum’s subsidiary Riqo Pty Ltd by the WA Department of Mines & Petroleum, increasing the area of Stratum’s East Menzies Goldfield project available for immediate exploration by 1392 hectares.

The company indicated the nickel soil anomalies remain open in various directions, noting they are currently only partially defined due to the limited soil sampling program that was undertaken.

Stratum is continuing to review past exploration reports, but is yet to identify follow up work such as drill testing of these anomalies.

The tenements adjoin a Mining Lease on which Avalon recently announced Electromagnetic (EM) conductors.

The company is also continuing to compile and review information associated with past exploration while also considering its best approach to furthering exploration in this area.

Short term work programs are expected to include additional soil sampling and EM survey programs.