- Perth-based explorers Estrella Resources (ESR) has updated the market on its progress at the Carr Boyd Nickel Project in the Eastern Goldfields in WA
- The company has recently completed an experimental seismic survey program at the project
- Estrella says a survey is a de-risking tool that will increase the success rate of deeper drilling targeting nickel sulphides
- Additionally, Estrella has also completed phase two diamond drilling at the T5 area
- The next round of infill drilling commenced and will test the north and south of known mineralisation at T5
- On market close for the weekend, Estrella is down 1.79 per cent and is trading at 5.5 cents per share
Estrella Resources (ESR) has updated the market on its progress at the Carr Boyd Nickel Project in the Eastern Goldfields in Western Australia.
The company has recently completed an experimental seismic survey program at the project.
Estrella says a survey is a de-risking tool that will increase the success rate of deeper drilling targeting nickel sulphides.
Notably, the seismic program at the project used a new type of impact vibrator. This is the first time this system combined with new seismic nodes from Schlumberger has been deployed in a hard-rock Archean nickel environment.
This compact seismic source was successful in allowing the company to access area previously inaccessible to conventional seismic machinery due to their cost, size and environmental impact.
Additionally, Estrella has also completed phase two diamond drilling at the T5 area. So far, 15 holes have been undertaken at T5 prospect at around 7660 metres.
Results from recent drilling intersected 4.9 metres at 0.96 per cent nickel, 0.35 per cent of copper in feeder zone.
The next round of infill drilling has kicked off and will test north and south of the known mineralisation at T5.
“The experimental seismic program was completed successfully and the initial results are promising, which should allow our geologists to see the basal contact at depth for the very first time,” Managing Director Chris Daws said.
“The combination of technology and geological science coming together at Carr Boyd is extremely exciting and eye opening. Combined with the regional mapping works and the drill rig which continues to uncover mineralisation at our flagship Carr Boyd Nickel & Copper Project, we are continuing to work at full stride so that we can unlock the source of the nickel and copper sulphides discovered to date at the project,” he added.
On market close for the weekend, Estrella is down 1.79 per cent and is trading at 5.5 cents per share.