- Adavale Resources (ADD) identifies mafic-ultramafic intrusion by drill hole at Target 7 on its Kabanga NE License
- The company says it intersected fine grain disseminated sulphides throughout most of the drill hole
- According to Adavale the true thickness of the mafic body is not known at this point in time and subsequently the company has cased the drill hole in preparation for DHEM
- The company is planning to drill several stratigraphic, orientated cored drill holes across the strong gravity features early in 2022
- Shares last traded at 3.7 cents on December 15
Adavale Resources (ADD) has identified mafic-ultramafic intrusion by drill hole at Target 7 on its Kabanga NE License.
Additionally, fine grain disseminated sulphides were intersected throughout most of the hole from 83 metres to the end of the hole at 330.9 metres.
The company says higher sulphide concentrations of around 10 per cent were intersected over two intervals between 148 metres to 161 metres, as well as between 172 and 182 metres. It also identified fine disseminated sulphides ranging around 5 per cent from 240 metres to 330.9 metres.
According to Adavale pXRF readings of the core returned readings to 1.7 per cent nickel and magnesium oxide levels of up to 24 per cent, typical of mafic-ultramafic intrusions. The company says the true thickness of the mafic body is not known at this point in time, and subsequently, the company has cased the drill hole in preparation for DHEM.
The company is planning to drill several stratigraphic, oriented cored drills across the strong gravity features early in 2022.
Shares last traded at 3.7 cents on December 15