- Panoramic Resources (PAN) intersects a new zone of semi-massive sulphide mineralisation at its Savannah Nickel Project in Western Australia
- The first drill hole completed in the eastern zone intersected an unanticipated 5.7-metre zone of semi-massive breccia sulphide mineralisation
- Assays are pending while the program in the eastern zone continues until April
- The recent and upcoming drilling will support an updated mineral resource estimate for Savannah in September
- Shares in PAN are trading 1.75 per cent higher at 29 cents at market close
Panoramic Resources (PAN) has intersected a new zone of semi-massive sulphide mineralisation at its Savannah Nickel Project in Western Australia.
Last month, a program of 28 holes in-filled areas of the western and central zones of the Upper Mineralisation Lens at the Savannah North orebody, but the focus has now shifted to a program of 18 holes in the eastern zone.
The first drill hole completed in the eastern zone intersected an unanticipated 5.7-metre zone of semi-massive breccia sulphide mineralisation.
The hole has been logged with assays pending.
Managing Director and Chief Executive Officer Victor Rajasooriar said the eastern zone of Savannah North aims to infill and test the eastern extension of the resource.
“Pleasingly, in our first hole, we have intersected an unexpected splay which has the potential to add additional metal to our mining inventory,” he said.
“This unexpected splay shows how much is yet to be learned from these systems in the vicinity of the Savannah North mine and within the broader Savannah complex.”
The new zone is located close to existing underground workings and the company says it has a clear potential for future mining should there be sufficient scale.
The program in the eastern zone will continue until April.
The recent and upcoming drilling will support an updated Mineral Resource Estimate for Savannah in September.
Shares in PAN were trading 1.75 per cent higher at 29 cents at market close.