Hi there OT1961,
The latest announcement refers to the Cathedrals Prospect .....
"At Cathedrals, a 400m-wide zone of shallow nickel-copper sulphide mineralisation has been intersected by
drilling. The mineralisation is open to the north/north-west with potential extensions in these directions
yet to be tested by drilling.
The new conductive feature is located in the interpreted down-dip direction of the Cathedrals
mineralisation and extends into the Fairbridge Prospect – in an area below the current extent of drilling at
Fairbridge and below the surface gossans. This conductive area has been prioritised for drilling in the
current programme."
The interpretation of a 400m wide zone was reported on 19 July 2107, SGQ ..."The Cathedrals ultramafic is interpreted from drill results to extend for a strike length of 400m with high grade mineralisation identified to date over a strike length of 200m."....
Results announced on 19 July 2017 were:
• Assays confirm multiple, thick intersections of high grade nickel-copper-cobalt-PGE
mineralisation at the Cathedrals Prospect – including the best intersections yet
• New intersections of high grade mineralisation at Cathedrals are:
MAD56:
7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m
including
3.15m @ 6.36%Ni, 2.92%Cu, 0.20%Co and 5.03g/t total PGEs from 61.81m
MAD55:
4.28m @ 2.75%Ni, 1.21%Cu, 0.09%Co and 2.59g/t total PGEs from 60.67m
including
1.05m @ 5.91%Ni, 2.63%Cu, 0.21%Co and 2.57g/t total PGEs from 63.9m
MAD53:
7.52m @ 2.85%Ni, 1.26%Cu, 0.09%Co and 2.59g/t total PGEs from 99.58m
including
3.74m @ 4.29%Ni, 1.82%Cu, 0.13%Co and 3.78g/t total PGEs from 103.36m
MAD59:
2.96m @ 4.3%Ni, 1.25%Cu, 0.15%Co and 3.21g/t PGEs from 64.85m
Look at the 19 July 2017 announcement and you will see that figure 1 splashes this data as a long section across 400m.
What is exciting, and seemingly is not obvious to the market, is that the Cathedrals prospect, so far discovered, is shallow and high grade and could be a larger version of Sticklands.
The priority deeper drilling at Cathedrals has enormous potential for an initial low cost mining process with deeper metal beneath. That is a mouth watering prospect ...all IMHO.
Cheers
Mulac1
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