What the heck happened today? Closed at a 4 week high after getting smacked around at .455c 4 days ago
Upcoming newsflow:
1. MTD025 completed on 17th April, assays due any day. Only a shallow hole down to 650m and intersected 446m of nickel mineralsation. 916 pXRF readings taken from the logged ultramafic portion of the hole is 0.33% Ni.
2. Aqua Regia Testwork" (6th April) As a follow up to this comparison work the team is making plans for metallurgical beneficiation testwork using bulk samples from the remaining drill core. This will aim to demonstrate a payable high-grade nickel concentrate could be recovered from the mineralised intervals. This would unlock the project and build confidence in a resource drill out.”
Been over 3 months since this announcement - we could get a positive update here?
3. MTD026 Multiple intersections of high-tenor remobilised massive nickel sulphide blebs and veining were observed (confirmed by spot pXRF readings up to 12.2% Ni) in the top 250m, in some of the shallowest and frequent examples of this phenomenon seen so far. Final depth of 1,548.3m
Very similar geological observations to hole MTD023 ~1km to the northeast but overall “richer” visible sulphide mineralisation. The mean average Ni value across at total of 2,933 readings to date is 0.32% Ni, with individual spot values of up to 65.6% Ni where sulphide mineralisation was observed.
4. A DownHole ElectroMagnetic (DHEM) survey due to commence around 11th June which will
look for offhole conductor anomalies that could be permissive for basal massive sulphide accumulations.
5. MTP026 most likely commenced drilling last week? Located on the eastern side of the complex in an area that has had no previous drilling and looks to be around 1.5km's away from MTD026. The hole will test a coincident gravity and magnetic high, and minor MLEM anomaly, as well as for the presence of disseminated mineralisation in this area. Might get an update next week if visuals are positive or the week after?
6. MobileMT most likely around early to mid August. airborne geophysical survey across the Mulga Tank Complex using their innovative MobileMT technology. MobileMT (Mobile MagnetoTellurics) is the latest innovation in airborne electromagnetic technology and the most advanced generation of Airborne Natural Source Audio Frequency Magnetotelluric (AFMAG) technologies. MobileMT utilises naturally occurring electromagnetic fields in the 25Hz to 20,000Hz frequency range and is essentially a high-resolution deep resistivity and conductivity mapping tool capable of delivering 3D geoelectrical information down to >1km depth - that should effectively target the entire Mulga Tank Complex and basal contact, based on WMG’s geological model.
Anything else I've missed?
- Forums
- ASX - By Stock
- WMG
- Ann: Completion of Hole MTD026 and Upcoming MobileMT Survey
Ann: Completion of Hole MTD026 and Upcoming MobileMT Survey, page-312
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