Sydney - Wednesday - May 9: (RWE Australian Business News) -
Carrick Gold (CRK) will focus its nickel sulphide exploration on
Prospecting Licence P28/856 and the surrounding Exploration Licence
E28/1477. This prospective area has been referred to by previous
explorers as Grey Dam.
The prospective area consists of a sulphide rich dolerite -
gabbro layered intrusive complex within a komatiite mafic - ultramafic
sequence which, on the basis of magnetic data, extends over a strike
length 9.5 kilometres within the project area.
As the sulphide mineralisation and geology from two recent
diamond drill holes indicates, the area has excellent potential to host
a primary nickel sulphide resource in conjunction with a
previously explored near-surface oxidised deposit. It is strongly
believed that the near surface oxidized mineralisation above 0.7% Ni is
supergene and mirrors in form primary nickel sulphide mineralisation at
depth.
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