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- Woomera Mining (WML) intersects nickel and copper sulphide mineralisation from multiple drill targets at its Mt Venn project in WA
- The company owns 80 per cent of the project with targets intercepting sulphides the company considers “massive”
- Multiple holes in the area have returned high grade results including 2 metres at 0.24 per cent nickel and 11 metres at 0.42 per cent copper
- The company plans to pursue heritage survey clearances for additional drilling and to continue mapping the area
- Shares have been up 3.2 per cent trading at 1.6 cents
Woomera Mining has intersected nickel and copper sulphide mineralisation from multiple drill targets at its Mt Venn project in WA. The company owns 80 per cent of the project with targets intercepting sulphides the company considers massive.
According to Woomera further assays are pending.
Multiple holes at the prospect have returned high grade results. The MVRC063 hole intercepted 2 metres at 0.24 per cent nickel meanwhile the MVR064 hole hit 11 metres at 0.42 per cent copper and 0.24 per cent nickel. The two intersections reportedly define a blanket of partially oxidised sulphide mineralisation over 50 metres width which remains open in all directions.
Additionally drill hole MVRC065 targeted a location 500 metres north west and intersected 5 metres at 0.65 per cent copper and 0.31 per cent nickel. This hole also reportedly intersected fresh massive sulphides at the base of the ultramafic sill.
The company plans to pursue heritage survey clearances to allow for further drilling to confirm the geometry of the complex.
Shares were up 3.2 per cent at 1.6 cents at market close.
