In the Corporate spotlight video from August John Prineas states Shareholders are likely to see weekly or fortnightly announcements.
We are awaiting results for:-
Fish Hook Prospect:
Assays for the recently completed soil survey are expected within the next two weeks. ( ASX 4/10/19) due anytime now.
MAD160 successfully intersected the targeted mafic-ultramafic unit with a thick 20m intercept from 248m downhole including a 9m interval with sulphide mineralisation. (Assay results pending.)
Drilling of MAD162 is currently underway. This hole is testing the area down-dip of the significant intersection in MARC128 at Stricklands (14m of nickel-copper sulphides with assays pending).
MAD154 at Stricklands:MAD154 was completed at Stricklands to downhole depth of 450m. The hole was drilled towards the south-east and underneath the known shallow mineralisation of MAD71 at Stricklands (17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m).MAD154 intersected several thick mafic and ultramafic units with sulphide mineralisation.
MAD153 at Cathedrals:MAD153 was completed at the Cathedrals Prospect to 450m downhole and drilled towards the south- southeast. The hole was designed to test for structural repititions in the area underneath the shallow high- grade nickel-copper sulphide mineralisation at the Cathedrals Prospect. MAD153 intersected three ultramafic sequences – between 128m to 130.3m, 246.08m to 247.8m and 319.3m to 320.8m, which confirms the continuation of the prospective units. Rare sulphides were observed within the ultramafic.
Expect a further update on drilling progress at radar prospect.
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