POS 33.3% 0.4¢ poseidon nickel limited

Ann: Exceptional Intersection of Massive Sulphides at Silver Swan, page-83

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    These incoming assays are going to be important.

    hole PTMD018 is below the current indicated resources and right next to the other assayed holes of PTMD005, PTMD007, PTMD014, PTMD015
    If these all hit high grades as it looks like they have, it could double the indicated JORC & its open to the east & to the west to connect to Peking duck

    Watch hole 05 in Peking duck which expands it  south
    PPCD002, PPCD003, PPCD005, PPCD008

    Both areas are open east to west so looking like a large Nova type lode down there with large widths, the CEO stated the prior widths were only 2m so 9.8m is 5 x times wider and that increases volume by 500%.


     Significant mineralised intersection logged in the Tundra-Mute zone of Silver Swan Channel
     PTMD018 intersected 13.6m of massive Ni-Cu sulphides visually logged, true width estimated at 9.8m, assays pending
     Resource extension and infill drilling continues in Silver Swan, 18 holes completed to date in Tundra-Mute

    CEO, Peter Harold, commented, “we are very pleased to have recorded a very wide intersection of 13.6 metres of massive sulphides within the Tundra Mute Resource in the Silver Swan channel. This is the best intersection so far in this drill program and is significant given that the average thickness of the Tundra Mute Inferred Resource was previously about 2 metres. ..This latest hole will most certainly increase the amount of material in the Indicated Resource category. We are still planning to drill at least two deeper EM holes and look forward to seeing whether the EM surveys detect any EM plates beyond the current extent of the know mineralisation.”
    Estimated true width of the intersection is 9.8m.
 
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