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- Estrella Resources (ESR) has struck a zone of encouraging nickel-copper-iron sulphides at a prospect within its Carr Boyd Project in Western Australia
- The intersection was identified as the explorer looked to target the T5 electromagnetic conductor 40 metres south from the discovery drill hole
- The hole intersected 12.9 metres, or one zone, of massive nickel-copper-iron sulphides
- In a broader context, the company affirms the rock textures and sulphides represent significant nickel-copper sulphide potential
- Estrella Resources shares are up 31.9 per cent following the announcement, trading at 6.2 cents
Estrella Resources (ESR) has struck a zone of encouraging nickel-copper-iron sulphides at a prospect within its Carr Boyd Project in Western Australia.
The intersection was identified as the explorer sought to target the T5 electromagnetic conductor 40 metres south from its discovery drill hole, with this drill new drill said to be “the first of many”.
Specifically, the hole intersected 12.9 metres, equating to one zone of massive, semi-massive, breccia, matrix and disseminated nickel-copper-iron sulphides.
According to Estrella, textures within the drill intercept have given way to the clearest evidence yet that the flow dynamics of the pyroxenite intrusion —an igneous rock — at T5 has the capability to form massive sulphides in multiple areas.
In a broader context, Estrella said the sulphide and rock textures confirm basal contact mineralisation and massive nickel-copper sulphide potential and bodes well for the project as phase three drilling gets underway.
Estrella Managing Director Chris Daws said he was extremely pleased with the intersection.
“Make no mistake, our resolve to locate a world-class orebody for our shareholders is unwavering, and this intersection is yet another promising sign that we are homing in on this orebody,” he commented.
Estrella Resources shares are up 31.9 per cent following the announcement, trading at 6.2 cents at 10:55 am AEST.
