- Estrella Resources (ESR) is reporting early success from phase four drilling at its Carr Boyd Rocks mine in Kalgoorlie, WA
- The company says a diamond drill hole intersected nickel-copper sulphides 750 metres down plunge and near the T5 basal contact
- Additionally reverse circulation drilling hit nickel-copper mineralisation 750 metre up plunge, intersecting a four-metre zone
- With only 10 per cent of the drill program completed, the T5 mineralised plunge length has been extended to 1.5 kilometres
- Company shares are trading up 2.78 per cent at 3.7 cents each
Estrella Resources (ESR) has reported early success from drilling at its Carr Boyd Rocks mine in Kalgoorlie, Western Australia.
The mine forms part of the wider Carr Boyd Nickel and Copper Project where ESR is carrying out a phase four drilling program.
The company said initial results were encouraging with a diamond drill hole intersecting nickel-copper sulphides 750 metres down plunge.
The drill hole was targeting the T5 basal contact, which is an area north of where previous drilling occurred.
Estrella said this latest hole intersected disseminated to highly-disseminated nickel sulphides at T5, suggesting ESR’s believed flow direction and sulphide deposition was correct.
Meanwhile, reverse circulation drilling also intersected nickel-copper mineralisation 750 metre up plunge.
Specifically, a drill hole hit a four-metre zone of disseminated to stringer nickel-copper sulphides on the T5 basal contact.
ESR said the zone coincides with the up-plunge direction of the T5 massive sulphide discovery predicted by the vectors identified in the previous drilling.
Managing Director Chris Daws said the initial results had already extended the T5 mineralised plunge length to 1.5 kilometres.
“These initial results from the phase four drilling campaign at our Carr Boyd nickel and copper project are highly encouraging highlighting nickel-sulphides deposited along the T5 basal contact extend to a strike length of over 1.5 kilometres,” Mr Daws said.
“With only 10 per cent of the program completed, it is still early days but I am excited by what this campaign has already uncovered and I look forward to updating the market on further drilling as we move forward.”
Estrella Resources is only 10 per cent through its phase four drilling program, with a further three kilometres of the T5 pyroxenite basal contact yet to be tested.
Company shares were trading up 2.78 per cent at 3.7 cents each at 1:55 pm AEDT.