FIRST DIAMOND HOLE INTERSECTS SULPHIDE WHERE EXPECTED AT NOVA First full suite assays received Sirius Resources NL (ASX:SIR) (“Sirius” or “the Company”) advises that the first diamond hole drilled into the Nova deposit has intersected a 6 metre zone of stringer to massive sulphide mineralisation where expected. Full suite laboratory assays received from the first two holes also indicate that the mineralisation contains a significant amount of cobalt and has very low levels of deleterious elements. Platinum group metals (PGM’s) are present in modest amounts. First diamond drill hole The first diamond core hole drilled at the Nova nickel discovery, SFRD0035, intersected a 6 metre thick zone of stringer to massive sulphides where expected. This is an infill hole approximately 30 metres down dip from previous RC hole SFRC0026 and 20 metres up dip from SFRC0033 and confirms the continuity of mineralisation in this area (see Figure 1). The mineralisation comprises pyrrhotite, pentlandite and chalcopyrite within a host rock that is a pyroxene-garnet gneiss. The sulphides are structurally controlled and form a breccia zone within the gneiss (see Figure 2). This is a new style of nickel deposit in Australia. An infill reverse circulation (RC) drill hole, SFRC0034, drilled between previous drill holes SFRC0024 and SFRC0027, intersected a 4 metre thick zone comprising massive, matrix and stringer sulphides where expected, further confirming continuity of the mineralisation. A second diamond drill rig arrives on site today and drilling will continue systematically down dip and down plunge from previous intersections over the coming weeks.
SIR Price at posting:
$1.32 Sentiment: None Disclosure: Not Held
