THE DRILL SERGEANT: Metal Hawk (ASX: MHK) announced commencement of diamond drilling at the company’s Kanowna East project, located approximately 10km south of the Black Swan/Silver Swan nickel mine in the West Australian goldfields.

It appears IGO Limited (ASX: IGO) is keeping itself busy with the juniors as it is Joint Venture partner in the project and will be acting as manager of the drilling.

The program is to consist of several diamond drillholes designed to further explore the interpreted southern extension of the ultramafic corridor hosting the high-grade Silver Swan nickel sulphide deposit.

IGO recently achieved the Stage-1 joint venture milestone, acquiring a 51 per cent JV interest in Metal Hawk’s Kanowna East, Emu Lake and Fraser South projects.

IGO has elected to continue sole funding exploration and can earn an additional 24 per cent interest by spending a further $4 million on the JV projects.

Metal Hawk is free carried to decision to mine and retains 100 per cent of the gold rights at Kanowna East and Emu Lake.

“It’s great to see exploration drilling continue at Kanowna East under the management of our new JV partner, IGO Limited,” Metal Hawk managing director Will Belbin said in the company’s ASX announcement.

“The presence of widespread visible nickel sulphides in the first diamond hole drilled at Kanowna earlier this year was highly encouraging, and we look forward to seeing the results of this next phase of drilling.”

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