MPJ - Preopen ALert
November 26, 2015
Multiple thick zones of nickel sulphides intersected in new area at Talc Lake
Drilling highlights potential for significant new discovery in previously untested ultramafic unit east of recent results: spot readings to 7% nickel from portable XRF
Key Points
Broad zones of nickel-bearing sulphides intersected in a previously untested ultramafic contact at the Talc Lake prospect, part of the Roe Hills Nickel Project near Kambalda Two holes, RHDD0026 and RHDD0027, drilled 600m apart, both returned broad zones of nickelbearing sulphides with spot readings to 7% nickel from portable Niton XRF – assays pending One hole completed to test regolith geochemical anomalism at the Hooton prospect:
o RHDD0025 intersected coarse blebby nickel sulphides in the Western Ultramafic (WUM) at Hooton;
o Spot readings to 0.5% Nickel confirmed with portable XRF – Assays pending One hole completed to test MLEM conductor and deep ultramafic west of Talc Lake:
o RHDD0024 traversed a sequence of mafic volcanics – targets remain unexplained DHEM surveys to commence within the next few weeks Rig has commenced drilling to test the previously reported priority DHEM target situated downplunge of hole RHDD0023, which intersected a narrow nickel-bearing Rig then scheduled to move to Narrow Neck/ROE2/ROE1 to test priority MLEM/FLEM conductors
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