- Armada Metals (AMM) begins its first drill program at the Nyanga nickel-copper project in Gabon, Africa
- Up to 3000 metres of diamond drilling will be carried out along the high-priority Libonga-Matchiti Trend (LMT) to drill previously untested magmatic nickel-copper targets
- Drilling will be undertaken by Boart Longyear and is expected to take up to three months to complete
- Shares in Armada are up 3.70 per cent on the market and are trading at 14 cents
Armada Metals (AMM) has begun its first drill program at the Nyanga nickel-copper project in Gabon, Africa.
Up to 3000 metres of diamond drilling will be carried out along the high-priority Libonga-Matchiti Trend (LMT) to drill previously untested magmatic nickel-copper targets.
A minimum of six holes have been planned for the Libonga North Target with depths ranging from 100 metres to 400 metres, while a further six holes will be drilled at the Matchiti Central Target with depths also ranging from 100 metres to 400 metres.
Drilling will be undertaken by Boart Longyear and is expected to take up to three months to complete.
“Since listing on the ASX in December 2021, the company has made rapid progress on multiple fronts, with significant effort to secure contractors with newly-built drill rigs and mobilise within a short space of time in challenging global circumstances,” Managing Director Ross McGowan commented.
“With field teams on site since December, drill rigs have now been successfully mobilised and transported to the first drill positions where we have now begun our phase 1 drilling along the highly prospective LMT and into this potential new magmatic mineralising system.
“Today is an exciting moment for the company as we launch this first diamond drilling campaign, implemented by our experienced operational team,” Dr McGowan added.
Shares in Armada were up 3.70 per cent on the market and were trading at 14 cents at 3:45 pm AEDT.