Melba Flats Nickel Suphide Proj/Encouraging Results
13-05 1614
ENCOURAGING EARLY DRILLING RESULTS
Results from the first two cored drill holes of a five hole program
at Melba Flats near Zeehan have been received. Both holes intersected
narrow zones of massive sulphide carrying very high grade nickel and
copper with associated platinum, palladium and gold. The best of
which, MF23, gave 1.3 metres, 6.1% Nickel, 2% Cu plus Gold and PGMs.
Drill hole results are tabulated below:
HOLE COLLAR DETAILS INTERSECTION WIDTH EST TRUE ASSAYS
(METRES) (METRES) WIDTH (M)
MF 22 366,425.6 E 44.0 44.2 0.2 0.2 6.65% Ni
5365955.9 N 8.1% Cu
2200.3 RL 0.1% Co
-45 deg dip 13.6% S
291 deg GDA brg 0.76 g/t Pt
80.5 m length 1.36 g/t Pd
0.2 g/t Au
MF 23 366426.8 E 64.1 65.6 1.5 1.3 6.10% Ni
5365955.4 N 2.0% Cu
2200.3 RL 0.10% Co
-65 deg dip 13.2% S
242 deg GDA brg 0.47 g/t Pt
112.5 m 0.71 g/t Pd
0.44 g/t Au
69.0 69.5 0.5 0.4 4.01% Ni
1.0% Cu
0.10% Co
14.0% S
0.45 g/t Pt
1.00 g/t Pd
0.33 g/t Au
74.5 75.2 0.7 0.6 6.16% Ni
4.76% Cu
0.14% Co
21.2% S
0.48 g/t Pt
0.71 g/t Pd
0.28 g/t Au
DISCUSSION
MF 22 and MF 23 were both drilled at the Nickel Reward prospect to
test for southern and up-dip (shallower) extensions of high grade
massive sulphide mineralisation intersected in previous drill holes.
Drill hole MF 22 intersected a narrow zone of high grade massive
sulphide within a gabbro dyke host rock 20 metres south-west along
strike of previously reported drill hole MF 19 which intersected 5.8
metres 4.6% Ni, 1.8% Cu. The MF 22 intersection is only 30 metres
beneath surface and is interpreted as an intersection through the
very top of the Nickel Reward massive sulphide body.
Drill hole MF 23 intersected three gabbro hosted high grade massive
sulphide bodies within a 12 metre wide interval of mixed gabbro and
brecciated sediments. These intersections lie approximately 20 metres
south-west along strike of previously reported drill hole MF 11 and
20 metres up-dip (above) previously reported hole MF 13 which
intersected 3.6 metres 4.36% Ni, 2.86% Cu and 1.4 metres 7.2% Ni,
2.1% Cu respectively.
All of the massive sulphide intersections in MF 22 and MF 23
contained significant platinum and palladium in the range 1-2 g/t Pt
+ Pd.
A preliminary interpretation of the results of these first two holes
suggest the Nickel Reward massive sulphide deposit is a steeply
dipping pipe like body developed within a structurally deformed
section of gabbro dyke host rocks.
Results of the final three holes in this program are anticipated in
early June.
COMMENT
Allegiance believes that the various high grade near surface
nickel/copper/cobalt plus PGMs and gold represent remobilised
mineralisation from depth. The present program at Melba Flats is
designed to better understand the structures containing and
controlling the near surface manifestation of the mineralisation with
the objective of (a) defining economic near surface accumulations and
(b) subsequently follow the high grade shoots to the source. Genetic
considerations suggest the source may represent a very significant
target.
A W Howland-Rose
MSc, DIC, FGS, FIMM, FAusIMM, FAIG, CEng
CHAIRMAN
The information contained in this release is based on information
compiled by Lindsay Newnham who is a corporate member of the
Australasian Institute of Mining and Metallurgy and who has more than
five years' experience in the field of activity being reported on.
Lindsay Newnham consents to the inclusion in the report of the
matters based on their information in the form and context in which
it appears.
- Forums
- ASX - By Stock
- AGM -Announcement
Melba Flats Nickel Suphide Proj/Encouraging Results13-05...
Featured News
Add AGM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online