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Si6 Metals’ (ASX:SI6) Maibele North survey delivers “significant” targets

Materials
ASX:SI6      MCAP $7.107M
14 July 2021 10:00 (AEST)

Si6 Metals (SI6) has wrapped up an audio-frequency magnetotellurics (AMT) survey at its Maibele North Project in Botswana.

The company is exploring for base and precious metals within the Limpopo Mobile Belt — a district known for hosting major nickel and copper operations.

Notably, the Maibele North ore body contains a multi-commodity nickel-copper-cobalt-PGE mineral resource estimate of 2.38 million tonnes and remains open along strike and at depth.

Si6’s 27-line survey covered the entire resource area as well as strike extensions to accurately map existing sulphide mineralisation and detect what it said were several “significant” zones of anomalism beneath the orebody that remain untested by drilling.

Additionally, the survey reportedly detected a large, strong anomaly corresponding to mineralisation previously intersected in a drill hole at Maibele East.

It has also confirmed narrow nickel-sulphide mineralisation in another hole in the area.

Si6 Executive Chairman Patrick Holywell said of the work: “Our Botswana program is continuing in its success with our latest AMT survey, not only accurately mapping the existing sulphide mineralisation but identifying numerous untested sulphide targets both below and along strike of our current resource.

“This follows our recently announced identification of two 2.5-kilometre anomalies at Dibete and Airstrip.”

The company intends to follow up the newly identified AMT targets with a combination of reverse circulation and diamond drilling and is planning further AMT surveys to the east and west of the current survey area.

Si6 Metals shares closed at 1.5 cents apiece on July 13, 2021.

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