- Panoramic Resources (PAN) hits thicker mineralisation than predicted at its Savannah nickel project in Western Australia
- Results from the first phase of PAN’s infill underground resource definition drilling program returned a peak intersection of 19.7 metres at 1.49 per cent nickel
- The drilling extends the mineralisation in the area along-strike and down-plunge, and it remains open down-dip to the west
- This round of drilling tested the Savannah orebody above the 900 Fault, while PAN’s next round of planned drilling will infill and extend the orebody below the fault
- Panoramic Resources shares are trading grey at 19 cents at 10:49 am AEDT
Panoramic Resources (PAN) has hit thicker mineralisation than predicted at its Savannah nickel project in Western Australia.
The company has completed the first phase of its infill underground resource definition drilling program, which began in June to test the Savannah orebody above the 900 Fault.
This round of work has confirmed extensions to the known mineralisation along-strike and down-plunge.
The best results included 19.75 metres at 1.49 per cent nickel, 0.49 per cent copper and 0.07 per cent cobalt, as well as an 8.95-metre intersection at 2.36 per cent nickel, 0.56 per cent copper and 0.11 per cent cobalt.
The mineralisation remains open down-plunge to the west, and the company said it planned to undertake further drilling to test for more extensions.
Panoramic said the results from this phase of the infill program had the potential to “significantly increase” the current mineral resource in this area of the mine and support the development of a second mining front to supplement mining operations at Savannah North.
The company has now begun the next part of the drilling program to infill and extend the Savannah orebody below the 900 Fault.
Panoramic Resources shares were trading grey at 19 cents at 10:49 am AEDT.