- Lunnon Metals (LM8) intersects nickel sulphides on the Warren Shoot at its Kambalda Nickel Project in Western Australia
- Nickel sulphides have been confirmed both up and down-dip of Warren’s mineral resource, highlighting the potential for future growth
- While only initial results have been received, grades have so far peaked at 3.44 per cent nickel
- Once the RC drilling wrapped up, Lunnon began diamond drilling began to target the Warren channel deeper down plunge
- Lunnon ends the day 1.39 per cent in the green with shares trading at 36.5 cents
Lunnon Metals (LM8) has intersected nickel sulphides on the Warren Shoot at its Kambalda Nickel Project (KNP) in Western Australia.
Nickel sulphides have been confirmed both up and down-dip of Warren’s mineral resource, highlighting the potential for future growth.
Results have been received from the initial reverse circulation (RC) holes drilled to test the channel and surrounding area for nickel sulphides.
Better results include four metres at 3.44 per cent nickel from 153 metres, one metre at 0.99 per cent nickel from 177 metres, and five metres at 0.78 per cent nickel from 175 metres.
Once the RC drilling wrapped up, Lunnon began diamond drilling began to target the Warren channel deeper down plunge.
Drilling is still underway with one main hole and two additional holes branching off the main one.
This main hole intersected vein/blebby, stringer and brecciated nickel sulphides with portable x-ray fluorescent (pXRF) analysis confirming the presence of nickel.
This hole is being logged, cut and sampled for assay and Lunnon is encouraged by these preliminary indications.
“The current program is confirming nickel sulphides up and down-plunge of our initial mineral resource and gives us great confidence that it can grow,” Managing Director Ed Ainscough said.
“If the Warren channel continues over the same plunge length as Foster, the opportunity for additional nickel metal is significant.”
Lunnon has ended the day 1.39 per cent in the green with shares trading at 36.5 cents for a $50.84 million market cap.