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- Sabre Resources (SBR) has completed two additional diamond drillholes at its Sherlock Bay nickel-copper-cobalt project in WA
- The first of the new holes intersected a 35-metre zone of sulphide mineralisation, including semi-massive and stringer sulphides from 528.4 metres
- The second hole intersected two zones containing nickel-bearing massive and semi-massive sulphides over a combined 23.6-metre-wide intersection
- Following receipt of results, the company says it plans to extend and drill-define these higher-grade resource targets
- Sabre Resources is up 12.5 per cent to trade at 0.5 cents at 11:59 am AEDT
Sabre Resources (SBR) has completed two additional diamond drillholes at its Sherlock Bay nickel-copper-cobalt project in Western Australia’s Pilbara region.
The new holes bring the company’s total to five, spanning 2387 square metres. Three of these intersected nickel-bearing massive sulphides, with the other two intersecting broad sulphides zones including semi-massive sulphides.
The fourth hole of the program intersected a 35-metre zone of sulphide mineralisation, including semi-massive and stringer sulphides from 528.4 metres.
The company reported a strong downhole electromagnetic conductor was detected immediately above the hole, and a second large conductor was detected in an undrilled area to the east and above it.
The fifth hole of the program intersected two zones containing nickel-bearing massive and semi-massive sulphides over a combined 23.6-metre-wide intersection.
Results from the drilling returned 24 metres at 0.8 per cent nickel, 0.13 per cent copper, 0.04 per cent cobalt, including seven metres at 1.02 per cent nickel, 0.14 per cent copper and 0.04 per cent cobalt.
DHEM work also detected a strong, off-hole conductor immediately to the west of the massive and breccia sulphides intersected at 381 metres.
“The intersection of massive and breccia sulphides at Sherlock Bay, along with the detection of multiple, strong, off-hole conductors, continues to enhance the potential to significantly increase both the grade and size of this, already substantial, nickel-copper-cobalt sulphide resource,” Sabre Resources CEO Jon Dugdale said.
“Following receipt of results, we plan to extend and drill-define these higher-grade resource targets and drive this important nickel-copper-cobalt project towards development at a time when these metals, which are needed to decarbonise the planet, are in such un-precedented demand.”
Sabre Resources was up 12.5 per cent to trade at 0.5 cents at 11:59 am AEDT.
