Anomaly 2 is located a further 1km to the east and is within the same structural horizon as the historical BHP drill hole MARC063 which intersected 10m @ 2,630ppm Ni and 770ppm Cu from 20m including 2m @ 3,790ppm Ni and 2,390ppm Cu from 28m at the Bullets Prospect. Additional MLEM lines will be completed this week to finalise modelling of Anomaly 2. Both anomalies are co-incident with the strong magnetic linear trend that is known to host mineralised ultramafics in other parts of the Cathedrals Belt.BHP completed four drill holes in the 1km strike of the Cathedrals Belt between Anomaly 1 and Anomaly 2. MARC063 intersected nickel-copper sulphides as noted above, while the other holes intersected granites. None of the holes tested the newly identified EM conductors. The confirmation of high-grade nickel-copper sulphide mineralisation in these areas of the Cathedrals Belt would represent new discoveries, which could substantially increase the resource potential at the Mt Alexander Project.The test drilling of the new EM conductors has been fast-tracked and will be carried out next week.
I reckon that's it on a platter. Looking like a substantial increase is on the way.
Perfect timing with nickel going nuts.
All IMO. DYOR!
SGQ Price at posting:
14.0¢ Sentiment: Hold Disclosure: Not Held
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