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- NickelX (NKL) completes six diamond drill holes at its Biranup Project, located in he Albany Fraser Orogen in Western Australia
- The company drilled around 2402 metres over five targets
- Drilling has successfully encountered massive sulphides at the Fire Dragon Nickel target and disseminated sulphides at the Silver Dragon Nickel target
- Core samples have now been sent to ALS Kalgoorlie
- On the market, NickelX was down 21.1 per cent and is trading at 15 cents per share at 1:02 pm AEDT
NickelX (NKL) has completed its six diamond drill holes at its Biranup Project, testing five targets.
Drilling has successfully encountered massive sulphides at the Fire Dragon Nickel target and disseminated sulphides at the Silver Dragon Nickel target.
At Fire Dragon, a 0.55 metre massive sulphide breccia interval contained within highly altered and deformed mafic from 262.2 metres to 273.7 metres.
At Silver Dragon, two styles of mineralisation were encountered in one of the drill holes.
Core samples have now been sent to ALS Kalgoorlie.
Downhole electromagnetic surveys are being organised to test for off-hole conductors and potential follow up diamond and reverse circulation drilling program, initially starting at Fire Dragon.
“We’re pleased with the successful and safe completion of the maiden first pass drill program at the Fire Dragon and Silver Dragon Nickel targets. And to have encountered sulphides at both projects is highly encouraging,” a spokesperson said.
“While we would have anticipated thicker intervals in the gabbro based upon the geophysical interpretations, the program was only a first pass and once assays are received, we will incorporate those results into our geological model for planning of the potential next stage of drilling.”
“In the meantime, Downhole Electromagnetic (DHEM) surveys will commence shortly to
detect any off-hole conductors.”
Biranup Project includes six granted exploration licences, covering a total area of around 400 squared kilometres and is located in the Albany Fraser Orogen in Western Australia.
On the market, NickelX was down 21.1 per cent and is trading at 15 cents per share at 1:02 pm AEDT.
