thick massive sulphides at conductor 6 extend , page-2

THICK MASSIVE SULPHIDES AT
CONDUCTOR 6 EXTEND BOLLINGER
? Thick massive sulphide intersections in first two
holes at conductor 6
? Likely to represent the southern continuation of
Bollinger
? Open in all directions
? A further four holes still in progress
? Main part of gravity anomaly still to be drilled
Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that
the first two holes drilled to test conductor 6 have intersected thick
zones of massive sulphides within a broad halo of lower grade
disseminated mineralisation. This shows that conductor 6 is indeed
massive sulphide and that it is likely to represent the southern extension
of the Bollinger zone.
The two holes completed over the weekend both intersected substantial
zones of mineralisation as follows:
Hole SFRD0262, drilled approximately 110 metres east-southeast of the
>40 metre massive sulphide hit previously reported in hole SFRD0258
and 50 metres south of the 700N line, intersected:
? 79 metres of blebby and disseminated sulphide from 312
metres, followed by;
? 10.5 metres of stringer sulphide from 391.5 metres, followed
by;
? 32.4 metres of mainly massive and breccia sulphide from 402
metres (see Figure 1), followed by;
? 2.6 metres of stringer sulphide from 434.4 metres.
Hole SFRD0259, drilled 130 metres southeast of hole SFRD0258 and 70
metres southwest of hole SFRD0262, intersected:
? 50 metres of blebby and disseminated sulphide from 400
metres, followed by;
SIRIUS RESOURCES NL
ASX: SIR
ABN: 46 009 150 083
Street address:
Unit 5, 5 Mumford Place,
Balcatta 6021,
Western Australia 6021
Postal address:
PO Box 1011,
Balcatta,
Western Australia 6914
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
Youanmi nickel, copper, PGM‘sSirius Resources ASX/Media Announcement 2
? 14 metres of massive and breccia sulphide from 450 metres.
These two holes confirm that conductor 6 is the southerly extension of Bollinger and that thick massive
sulphide extends over 100 metres southwards from the original Bollinger discovery holes on line 700N (see
Figure 2).
The massive sulphides are similar to those seen at Nova, with coarse grained pentlandite (nickel sulphide)
and chalcopyrite (copper sulphide) crystals clearly visible in the core. The blebby and disseminated zones
appear to form extensive haloes above these massive sulphide zones.
This zone remains open in all directions. Drilling is continuing to delineate this area and holes are also
underway in several locations: north of the 700N line at the southern end of conductor 5; east of all previous
drilling at Bollinger on the 700N line; and in the feeder zone between Bollinger and Nova.
Drilling coverage will also expand to cover the remainder of the large gravity anomaly centred to the
northeast of current drilling, which may reflect the presence of dense material such as massive sulphides or
those rocks that may host sulphide mineralisation (see Figure 3).
The maiden JORC resource estimate for Nova remains on track for completion in March.