Shannon identifies nickel sulphide targets at Kurnalpi 12:59, Friday, 15 December 2006
Sydney - Friday - December 15: (RWE Australian Business News) - Shannon Resources Ltd (ASX code: SHA) has assessed previous drilling at the Kurnalpi nickel project area to estimate the exploration target size of a nickel laterite deposit over a portion of the area of interest. The project area covers a largely concealed north-northwesterly trending ultramafic sequence. Based on a lower cut-off of 0.7% nickel and including internal waste, the exploration target is estimated to be within the following range. Kurnalpi exploration targets: * Lower range - 3.9 million tonnes at 0.95% nickel and 0.09% cobalt * Upper range - 4.3 million tonnes at 0.95% nickel and 0.09% cobalt. Shannon shares rose 2c to 59c today.
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