ASSAYS CONFIRM SIGNIFICANT NICKEL AND COPPER IN KEY HOLES AT NOVA And drilling continues to expand deposit Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that assays received for nickel, copper and cobalt from two key drill holes at its Nova nickel-copper deposit confirm the presence of exceptional widths and strong grades of mineralisation. Preliminary (nickel, copper and cobalt only) results received late on Friday are as follows: Hole SFRD0039, drilled 55 metres down dip of hole SFRD0037 (13.3m @ 3.9% Ni and 2.0% Cu) on the 600N line, intersected: ? 15.42 metres @ 2.74% nickel, 1.09% copper and 0.09% cobalt from 298.1 metres, including: ? 3.6 metres @ 4.83% nickel, 1.73% copper and 0.15% cobalt from 298.1 metres, and; ? 2.22 metres @ 5.92% nickel, 0.82% copper and 0.19% cobalt from 311.3 metres. Hole SFRD0041, drilled 40 metres down dip of hole SFRD0039 (described above) also on the 600N line, intersected: ? 35.56 metres @ 3.47% nickel, 1.44% copper and 0.1% cobalt from 293.4 metres. This bulk intercept comprises two broad zones which each include strongly mineralised cores, as follows: ? 15.43 metres @ 4.72% nickel, 1.98% copper and 0.15% cobalt from 293.4 metres, including; o 6.73 metres @ 6.11% nickel, 2.14% copper and 0.19% cobalt from 302.17 metres; ? 7.3 metres @ 4.78% nickel, 2.01% copper and 0.15% cobalt from 321.66 metres, including; o 5.02 metres @ 6.11% nickel, 2.57% copper and 0.19% cobalt from 321.66 metres. In addition to the main zone described above, SFRD0041 also intersected two separate footwall zones comprising 3 metres @ 1.86% nickel, 1.26% copper and 0.06% cobalt from 341 metres and a 0.9 metre zone grading 6.15% nickel, 1.25% copper and 0.19% cobalt. The assay results reinforce those announced on 18th September and put SIRIUS RESOURCES NL ASX: SIR ABN: 46 009 150 083 Street address: Unit 5, 5 Mumford Place, Balcatta 6021, Western Australia Postal address: PO Box 1011, Balcatta 6914, Western Australia Tel: +61 8 9240 8914 Fax: +61 8 9240 8915 Email: [email protected] Web: www.siriusresources.com.au Projects: Fraser Range nickel-copper, gold Polar Bear gold, nickel Canyon Creek molybdenum, copper, gold Youanmi nickel, copper, PGM‘s Collurabbie nickel, copper, PGM’s Sirius Resources ASX/Media Announcement 2 beyond doubt the robust nature of the nickel-copper sulphide mineralisation in this part of the Nova deposit (see Table 1 and Figures 1 and 2). Meanwhile, a further three diamond drill holes have been completed since Friday, as follows: 650N line Hole SFRD0060, drilled 60 metres down dip from hole SFRD0055 (the 74 metre intersection announced on 26th September) on the 650N infill line, intersected a 70 metre thick zone of mineralisation comprising: ? 45.4 metres of disseminated sulphides from 341 metres, followed by; ? 13 metres of mainly massive sulphides from 396.4 metres, followed by; ? 8.3 metres of unmineralised rock from 410.5 metres, followed by; ? 3.5 metres of breccia and stringer sulphides from 418.8 metres. Mineralisation has now been defined over 150 metres down dip on this line (see Figures 1 and 3), and remains open - particularly down dip. 700N line Hole SFRD0057, drilled 40 metres down dip from hole SFRD0054 (announced on 12th September) on the 700N line, intersected 39.5 metres of mineralisation comprising: ? 3.3 metres of breccia sulphides from 392.5 metres, followed by; ? 14.7 metres of disseminated and stringer sulphides from 395.8 metres, followed by; ? 13 metres of massive and breccia sulphides from 410.5 metres, followed by ; ? 8.5 metres of breccia, stringer and disseminated sulphides from 423.5 metres. Mineralisation has now been defined over 200 metres down dip on this line (see Figures 1 and 4), and remains open both up and down dip. 800N line Hole SFRD0059, the first hole to be drilled on the 800N line, intersected: ? 5.74 metres of massive, breccia and stringer sulphides from 416.48 metres. This hole extends sulphide mineralisation a further 100 metres north and 150 metres northeast down plunge of all previous drilling (see Figure 1). Diamond drilling of Nova is continuing and RC drilling of Conductor 4 (Nova West) has commenced. Induced polarisation (IP) geophysical surveying is continuing over the entirety of the Eye and regional exploration over other targets has commenced
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