- Adavale Resources (ADD) has struck luck in its third drillhole at its Luhuma Central prospect in Tanzania
- The company is proving its geotechnical acumen with multiple nickel sulphide hits discovered
- Early-stage data suggests a possible nickel mineral system could exist between 250 metres and 300 metres in depth
- Further drilling is slated to chase after known geomagnetic targets
- Adavale shares last traded at 2.5 cents
Adavale Resources (ADD) has struck luck in its third diamond drillhole at its Luhuma Central prospect in Tanzania.
The company reported a 7.55-metre-wide intersection of massive nickel sulphides from 261 metres in depth.
Adavale is planning to run the drillhole that turned over today’s result 60 metres deeper to test the system at depth.
This will be done in tandem as contractors run another survey over the acreage, with the team running that program now on-site and commencing the program.
Assays to determine the true scope and style of nickel discovered remain to be logged.
Former discoveries were made only metres away from where the maiden results were logged which also found a less than 10 metre section at a similar depth, suggesting there’s a mineral system to be found between 250 metres and 300 metres.
After sinking three drill holes on site, the company will now move ahead to further step-out drill anomalies discovered in existing and upcoming geomagnetic surveys.
Adavale shares last traded at 2.5 cents.