Ann: Drill Rig on Site amd Ready at Fraser Range South, page-86

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Jazz6868

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26/07/15

00:23

Post #: 15694605
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Originally posted by sirsmiggles ↑

Nickel Exploration at Crux and Centauri

ANickel? Is there any reason stopping at 200m given of 22 reconnaissance diamond holes has now been drilled to test a small area of the Crux intrusion along with three diamond holes into the Centauri target (see Figure 5, Table 1).

Results received during the quarter included the best results to date. Key intercepts include:

 0.65m @ 1.04% nickel, 0.42% copper and 0.03% cobalt from 556.2 metres, and 15m @ 0.27% nickel, 0.06% copper and 0.02% cobalt from 657 metres in SFRD0523 (Crux), and

 3.7m @ 0.37% nickel, 0.08% copper and 0.06% cobalt from 279.7 metres, and 2m @ 0.27% nickel, 0.06% copper and 0.02% cobalt from 286 metres in SFRD0606 (Centauri)

The holes drilled to date together with the detection distance of associated DHEM collectively cover less than 5% of the target area. Drilling is continuing and down hole EM (DHEM) has been completed on all holes drilled to date with no conductors identified as yet.

My conclusion is that there are nickel traces all around our two conductors... Which SIR have failed to find. Seems more than likely to me, that we will hit nickel ... To what degree is the question. Our location ( 2 conductors) are prime targets .

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Is rmr drilling deep enough to locate the nickel since the result from crux is beyond 200m. Is there any reason stopping at 200m?
RMR Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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Ann: Drill Rig on Site amd Ready at Fraser Range South, page-86

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