- Estrella Resources (ESR) has discovered a new massive nickel-copper sulphide at Broonhill following an exploration program at the Carr Boyd mine in Kalgoorlie
- The reverse circulation program intersected a 12-metre broad zone of sulphides, with the lower 10 metres consisting of disseminated nickel-copper sulphides
- The total strike length of variably mineralised basal contact now exceeds two kilometres, with the vectored exploration model proving effective
- The phase four program still has another two kilometres remaining of highly prospective basal contact, which the company is yet to explore
- Estrella Resources is up 19.4 per cent, trading at 4.3 cents
Estrella Resources (ESR) has discovered a new massive nickel-copper sulphide at Broonhill.
The discovery followed a phase four northern exploration program at the Carr Boyd mine, part of the wider Carr Body Nickel and Copper Project in Kalgoorlie, WA.
The reverse circulation drill program intersected a 12-metre broad zone of sulphides, with the lower 10 metres consisting of disseminated nickel-copper sulphides and a lower two metres of massive sulphides.
The intersection occurred 1.4 kilometres north of the T5 discovery in untouched territory, hosted by the same pyroxenite basal unit as the T5 sulphides.
The total strike length of variably mineralised basal contact now exceeds two kilometres, with the vectored exploration model proving effective.
Estrella Managing Director, Chris Daws, said the company was excited about the intersection of massive nickel-copper sulphides.
“…the intersection of further nickel-copper sulphides in an area which already hosts the historical Carr Boyd mine and our T5 Discovery illustrates the significant potential of this region for discoveries,” Mr Daws said.
The program still has another two kilometres remaining of highly prospective basal contact, which the company is yet to explore.
“We will continue to accelerate our phase four drilling to expand our understanding of this emerging region and I look forward to updating shareholders as we progress with this work.”
Estrella Resources was up 19.4 per cent on the back of this news, trading at 4.3 cents at 12:06 pm AEDT.