- Great Southern Mining (GSN) gears up for drill testing electromagnetic conductors at the East Laverton nickel project in Western Australia
- Following the company’s $220,000 co-funded drilling grant awarded in May, the company says it’s now in a position to drill test the project
- A diamond drill and a reverse circulation rig have been booked, with the drilling scheduled to begin early next month.
- GSN’s Executive Chairman John Terpu says the team has worked hard to refine the newly identified electromagnetic targets over the under-explored area
- Great Southern Mining is down 17.4 per cent, trading at 3.8 cents at 3:20 pm AEST
Great Southern Mining (GSN) is set to begin drill testing electromagnetic conductors at the East Laverton nickel project in Western Australia.
Following the company’s $220,000 co-funded drilling grant, which was awarded in May, the company said its now in a position to drill test the project.
A diamond drill and a reverse circulation rig have been booked, with the drilling scheduled to begin early next month.
The work will begin with the testing of a newly identified conductor, modelled at two kilometres by one kilometre in length.
The co-funded drilling program marks the first drill program by GSN to test the nickel-copper-platinum group element prospectivity of the Diorite Hill Magmatic complex.
Executive Chairman John Terpu said the team has worked hard over the past months to refine the newly identified electromagnetic targets over the under-explored area.
“The company has methodically progressed the East Laverton nickel project from the concept stage to the modelling of these compelling conductors,” Mr Terpu said.
“The company was awarded the Exploration Incentive Scheme (EIS) grant in May 2022 and with the grant funding window now open, the company has booked the required drill rigs and we are excited to be testing these highly prospective targets.”
Meanwhile, the company said it’s also looking to undertake a moving loop electromagnetic survey over the Diorite Hill intrusion. These units have had very little previous nickel exploration.
The survey is likely to take place following the completion of the drill program.
“As a discovery company, it doesn’t get much more exciting than this,” John Terpu said.
Additionally, John Terpu has provided the company with a short term, unsecured loan facility of $500,000 on commercial terms. The loan has been drawn down at the decision of the company, with the funds to go towards further exploration and working capital.
Great Southern Mining were down 17.4 per cent on the market this afternoon, trading at 3.8 cents at 3:20 pm AEST.