- Duketon Mining (DKM) receives assays for diamond drill hole DKDD0030 at its C2 nickel deposit
- Mineralisation at C2 remains open along strike and at depth and is located 2 kilometres north-west from the Rosie nickel sulphide deposit
- The assay has reportedly returned 35.7 metres at 0.95 per cent nickel, .04 per cent copper and 0.1 grammes of gold per tonne
- The intersection will be used to progress metallurgical studies, the first of its kind at C2, as well as characterising the local ore and accessing the viability of an open pit
- Shares have been in the green, up 13.4 per cent trading at 38 cents
Duketon Mining (DKM) has received assays for diamond drill hole DKDD0030 at its C2 nickel deposit. C2 is a komatiite-hosted nickel sulphide deposit.
Mineralisation at C2 remains open along strike and at depth, and is located 2 kilometres north-west from the Rosie nickel sulphide deposit.
The mineralisation is characterised by accumulations of massive, matrix, breccia and disseminated nickel, copper magmatic sulphides and platinum group elements.
The company says the assay has reportedly returned 35.7 metres at 0.95 per cent nickel, 0.04 per cent copper and 0.1 grammes of gold per tonne.
Duketon plan to build on historical sighter testwork conducted on the C2 deposit in 2014 where the company says a single cleaner flotation test produced a saleable concentrate. Additionally, the proposed work will aim to characterise the C2 ore and assess its response to conventional flotation using a typical reagent suite.
The company says after completion of test work, C2 is planned to be considered in an open pit optimisation study early in the next quarter.
Shares were up 13.4 per cent, trading at 38 cents at 1.27 pm AEDT