- Western Mines Group (WMG) observes two zones of nickel sulphides in the first hole drilled at its Mulga Tank project in Western Australia’s Eastern Goldfields
- The results come from the first of the company’s ten-hole diamond drilling program that is testing targets generated from a moving loop electromagnetic survey
- While laboratory analysis is yet to be completed, WMG says spot pXRF readings of up to 26 per cent confirm this is a high-tenor nickel sulphide system
- The drilling rig has moved north to begin drilling the next hole which is also testing the western basal contact of the intrusion
- Shares are up 5.08 per cent, trading at 31 cents
Western Mines Group (WMG) has observed two zones of nickel sulphides in the first hole drilled at its Mulga Tank project in Western Australia’s Eastern Goldfields.
The company is undertaking a ten-hole diamond drilling program testing targets generated from a recently completed high-powered moving loop electromagnetic survey.
The initial hole took ten days to complete and has gone to plan, according to the company, having reached a total depth of 498 metres on the western margin of the intrusion.
While laboratory analysis is yet to be completed, WMG said spot pXRF readings of up to 26 per cent nickel confirm this is a high-tenor nickel sulphide system.
“The drilling program at Mulga Tank is off to a great start and the team are excited by the results of the first hole,” Managing Director Caedmon Marriott said.
“The key finding is [the two zones] appear to be high-tenor nickel sulphides, which enhances the prospectivity of the project and potential for high-grade nickel deposits.”
The rig has now moved north to begin drilling the next hole.
This hole again targets the western basal contact of the intrusion and is planned to a depth of around 450 metres.
Shares were up 5.08 per cent, trading at 31 cents at 11:14 am AEST.