STRONG EM CONDUCTOR IDENTIFIED BENEATH NICKELCOPPER‐ COBALT ANOMALY AT YOUANMI Located near prospective basal contact zone of intrusion Sirius Resources (ASX:SIR) is pleased to advise that it has identified a further EM conductor from its ongoing survey at Youanmi, where Sirius has a 70% interest in 597km2 of ground surrounding Metals Australia?s Manindi VMS zinc deposit and covering the contact zone of the Youanmi layered intrusion. The new EM conductor is located close to the interpreted basal contact of the Youanmi layered intrusion, associated with the strong coincident nickel‐copper‐cobalt soil anomaly described in the ASX announcement of 12th October 2010 (see Figures 1 and 2). This conductor is in a setting considered prospective for intrusion‐related magmatic nickel‐copper sulphide deposits and is completely unexplored. EM is commonly used in exploration for such deposits as it is designed to detect massive sulphide bodies at depth beneath the oxidised zone of weathering. The new EM conductor was identified at the easternmost end of the southern line in the survey designed to test for repetitions of the Manindi VMS deposit as well as to test the basal contact zone of the intrusion (see previous ASX announcement of 12th October 2010). The identification of three EM conductors in this area, each with strong coincident geochemical anomalies in the appropriate geological setting, is considered highly encouraging. Follow up EM is ongoing in order to better constrain the location, depth and geometry of this conductor prior to drilling. Mark Bennett Managing Director and CEO Sirius Resources NL
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