- DevEx Resources (DEV) begins diamond drilling at its Sovereign Nickel-Copper-Platinum Group Element (PGE) Project in Western Australia
- This diamond drilling has been designed to gain an understanding of the extent of the underlying ultramafic rocks
- Three holes have been planned to test beneath mela-gabbronorite where airborne surveys have identified priority areas
- Simultaneously, an extensive ground electromagnetic (EM) survey has begun to test for massive sulphide nickel-copper-PGE mineralisation
- DevEx is up 11.3 per cent on the market with shares trading at 29.5 cents at 2:58 pm AEDT
DevEx Resources (DEV) has begun diamond drilling at its Sovereign Nickel-Copper-Platinum Group Element (PGE) Project.
The Sovereign Project lies in the highly prospective Julimar region of Western Australia, roughly 70 kilometres northeast of Perth.
It lies to the north of Chalice Mining’s (CHN) Julimar Project and south of Caspin Resources (CPN) Yarawindah Brook Project.
This diamond drilling has been designed to gain an understanding of the extent of the underlying ultramafic rocks.
DevEx will drill three holes to test beneath the upper differentiated mela-gabbronorite and pyroxenite rocks into the lower layer.
Inversion modelling, as well as ground and airborne magnetic surveys, have identified priority areas beneath these rocks where prospective serpentinite lies.
Simultaneously, an extensive ground electromagnetic (EM) survey has begun to test for several massive sulphide nickel-copper-PGE mineralisation.
Any significant conductors identified will be viewed as a priority for additional drilling programs.
DevEx is up 11.3 per cent on the market with shares trading at 29.5 cents at 2:58 pm AEDT.