- GreenTech Metals (GRE) begins a 750-metre drilling program at the Osborne nickel target in WA
- This program is the first of a two-stage program testing the Osborne target which GreenTech is earning a 51 per cent interest in through a joint venture with Artemis Resources
- The reverse circulation program will include up to three holes to test the most shallow portion of the target for nickel and copper
- Company shares are up 5.88 per cent and are trading at 27 cents each at 3:46 pm AEST
GreenTech Metals (GRE) has begun a maiden drilling program at the Osborne nickel target in Western Australia.
The Osborne Nickel Target is held in a joint venture (JV) with fellow ASX-listed Artemis Resources (ARV) whereby Greentech is earning a 51 per cent interest in.
The target is located five kilometres northeast of the Sholl B1 nickel-copper deposit and sits within the Andover mafic-ultramafic intrusive complex which hosts Azure Minerals’ (AZS) Andover nickel-copper-cobalt project.
Despite being identified in 2007 as a key nickel and copper target, the Osborne and nearby Hickmott targets weren’t followed up due to land access issues.
Now that the JV has received heritage clearance, a stage one reverse circulation (RC) program can begin.
The 750-metre program will include up to three holes to test the most shallow portion of the Osborne target and will be followed up by stage two drilling.
GreenTech Minerals Executive Director Thomas Reddicliffe said the company is very excited to be getting drilling underway.
“Osborne is a compelling conductor target in the right rocks and in a proven nickel terrane. We have a pXRF analyser onsite so we won’t have to wait very long for preliminary results,” Mr Reddicliffe said.
Company shares were up 5.88 per cent to trade at 27 cents at 3:46 pm AEST.