MORE THICK INTERSECTIONS SIGNIFICANTLY EXTEND HIGH-GRADE NICKEL- COPPER SULPHIDE MINERALISATION AT MT ALEXANDER
Large step-out hole at Investigators Prospect intersects thick nickel-copper sulphides 100m along strike of known mineralisation:
18m thick ultramafic intersected at Investigators East – including 7m of nickel-copper sulphide – from 91.9m downhole in drill hole MAD166
MAD166 Style of Mineralisation Interval 91.9m to 103.5mUltramafic 103.5m to109.1m 10% sulphides comprising pentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)Ultramafic with rare sulphides and blebby sulphides (ranging 2mm-4mm) (5- 109.1m to109.56m blebby sulphides (>4mm) (10% sulphides comprising pn, cp, po)Ultramafic with moderate to heavy disseminated sulphides and moderate 109.56m to110.47m sulphides comprising pn, cp, po)Massive sulphides with average XRF readings of 6.5% Ni and 2.3% Cu* (100%
* Laboratory assays are pending and are required to confirm the nickel and copper grades which have been estimated using portable XRF analysis
The intersection in MAD166 is 100m along strike of previously known mineralisation, significantly increasing the strike of high-grade mineralisation at Investigators East
Mineralisation remains open in the north-northwest down-dip directionLaboratory assays confirm a significant down-plunge extension of high-grade mineralisation atthe Stricklands Prospect:
MARC128 has returned assays of:
MARC128 is 100m down-plunge of the exceptional intersection in MAD71 (17.45m @ 3.01% Ni, 1.31% Cu, 0.13% Co and 1.68g/t total PGEs from 37.45m) and 50m down- plunge from previously known high-grade mineralisation
MARC128 significantly increases the down-plunge strike of mineralisation at Stricklands with mineralisation open in the north-northwest down-dip direction
Geological interpretation indicates potential for down-plunge extensions at Stricklands and Investigators to connect at depth as part of a larger intrusive mineral system 5m @ 2.97% Ni, 1.04% Cu, 1.02 g/t PGEs from 83m, including3m @ 4.34% Ni, 1.11% Cu, 1.05gpt PGEs from 84m
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