“The results of the soil survey at E29/1041 are very exciting and warrant high-priority follow-up at this unexplored area of the Mt Alexander Project. “The peak soil values at E29/1041 are coincident with the strong magnetic features and provide a compelling target for potential nickel-copper sulphide mineralisation. “These anomalous soil values are higher than anything we have seen at the Cathedrals Belt, where a number of high-grade nickel-copper sulphide discoveries have already been made.
"Figure 3 shows a plot of nickel values from the soils. The strongest anomalous values are coincident with an inflection point and apparent thickening of the magnetic feature. All of the magnetic units at Carnac show some elevated nickel values. The confirmation of anomalous soil values with these magnetic features is highly encouraging as similar magnetic features drilled in the Cathedrals Belt have been confirmed as favourable settings for nickel-copper sulphide deposits."
The drill must be operating this weekend as it was already mobilised as at Friday last week? Hoping for some good news soon as XRF analyser can be used for both Ni and Cu.
SGQ Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
