- Sabre Resources (SBR) intersects a 15-metre sulphide zone in the second diamond hole of a current drilling program at its Sherlock Bay project in Western Australia
- The company says the sulphide zone correlates with the southwestern edge of the C3 conductor target, which was detected in the first hole
- CEO Jon Dugdale says this intersection suggests Sabre is on the “verge of a massive sulphide discovery”
- A third diamond hole is now underway to test the centre of the C3 massive sulphide conductor target
- Company shares last traded at 0.5 cents on September 27
Sabre Resources (SBR) has intersected a 15-metre sulphide zone in the second diamond hole of a current drilling program at its Sherlock Bay project in Western Australia.
The company said the sulphide zone within the hole contained massive sulphide lenses and matrix sulphide breccia that correlated with the southwestern edge of the C3 conductor.
Downhole electromagnetics from the second hole confirmed the location of the conductor, which was detected in the first hole of the diamond drilling program.
Sabre CEO Jon Dugdale said the intersection being on the edge of the C3 target indicated Sabre was on the “verge of a massive sulphide discovery” at the project.
“The sulphide zone is within the basal contact of the Sherlock Intrusive gabbro sill, as targeted, a similar setting to other major nickel sulphide deposits in WA such as Nova-Bollinger,” Mr Dugdale said.
“We’re getting closer to the targeted massive sulphide zone with each drillhole, and we believe we’ve nailed down its location, having detected the strong C3 conductor in both completed drillholes.”
Sabre Resources is now drilling a third hole to test the centre of the C3 massive sulphide
conductor target, which lies 40 to 60 metres to the east of the first two diamond holes.
Company shares last traded at 0.5 cents on September 27.