- Estrella Resources (ESR) extends mineralisation 300 metres south of the T5 deposit within its Carr Boyd project in WA
- A drill hole intersected 21.2 metres of disseminated to blebby nickel-copper sulphide mineralisation, including 1.8 metres of semi-massive and globular sulphides from 929 metres
- Estrella will now conduct downhole electromagnetic (DHEM) surveys between the T5 and Broonhill deposits to determine whether the Broonhill mineralisation is a separate deposit
- The company is also starting a diamond drilling program at the Gossan Hill prospect, also within the T5 deposit
- ESR shares are up 6.25 per cent to trade at 1.7 cents at 12:47 pm AEST
Estrella Resources (ESR) has extended mineralisation at the T5 deposit within its Carr Boyd nickel-copper sulphide project in Western Australia.
The company completed drill hole CBDD078A to target the down-plunge continuation of the deposit 300 metres south of previous disseminated and stringer-sulphide intersections, as well as south of the Proterozoic Dyke.
The hole successfully located the continuation of the deposit and intersected a 21.2-metre zone of disseminated to blebby nickel-copper sulphide mineralisation. This includes 1.8 metres of semi-massive and globular nickel-copper sulphides from 929 metres downhole.
The T5 Deposit remains open at depth and to the south.
“Drilling at T5 has again provided our team success with a significant step out hole south of the late-stage Proterozoic Dyke, encountering significant nickel and copper sulphides,” Managing Director Chris Daws said.
Estrella is also preparing to conduct downhole electromagnetic (DHEM) surveys between the T5 and Broonhill deposits. The company said it believed the Broonhill mineralisation was a separate deposit from T5 given its different geological characteristics.
Additionally, the company will soon begin maiden diamond drilling at the Gossan Hill prospect within Carr Boyd.
The first hole will target below disseminated sulphides intersected in previous reverse circulation drilling that was unable to be completed due to rig issues.
ESR shares were up 6.25 per cent to trade at 1.7 cents at 12:47 pm AEST.