- Australian Silica Quartz Group (ASQ) reports highly anomalous nickel values from its first aircore drill hole at its South Stirling project in Western Australia
- The company’s first hole extended the thickness of a historical anomaly, returning a 12-metre intersection from 26 metres at 0.7 per cent nickel and 0.06 per cent copper
- The company dubbed the results “highly encouraging”, despite drilling being limited to the road reserve due to land access restrictions
- Meanwhile, ASQ is actively seeking joint venture partners for strategic involvement in the project
- Australian Silica Quartz Group last traded at 7.8 cents on June 2
Australian Silica Quartz Group (ASQ) has reported highly anomalous nickel values from its first aircore drill hole at its South Stirling project in Western Australia.
The company’s first hole aimed to check the validity of an anomalous historic drill hole.
ASQ said the results confirmed the previous assays and extended the thickness of the anomaly, returning intersections including 12 metres from 26 metres at 0.7 per cent nickel and 0.06 per cent copper, within a 21-metre hit from 21 metres at 0.58 per cent nickel and 0.06 per cent copper.
The company dubbed the results “highly encouraging” in the context of the numerous major structures present within the project area. ASQ also observed mineral assemblages in thin sections of drill chips, which it said indicated the mineralisation was structurally controlled.
However, drilling was limited to the road reserve due to land access restrictions. Despite this roadblock, ASQ said it would continue its efforts to establish neighbouring land access in order to further assess the anomaly.
An airborne electromagnetic survey and surface geochemistry program are now in the process of being finalised, with the work due to take place later this year.
Meanwhile, ASQ said it was still actively seeking joint venture partners for strategic involvement in South Stirling.
Discussions are underway with several parties who expressed interest in earning into the project.
Australian Silica Quartz Group last traded at 7.8 cents on June 2.