last announcement Hole MTD025 was designed to test a DHEM...

last announcement

Hole MTD025 was designed to test a DHEM geophysical anomaly and follow-up on Phase 1 hole MTD018. The DHEM survey identified a strong (~5,000-15,000S) shoot-like offhole anomaly.MTD025 intersected a ~446m thick package of high MgO adcumulate dunite ultramafic. Two shallow intervals of disseminated magmatic sulphides (trace to 1%) were seen in the top 200m of the hole, in a similar zone to that seen in previous holes MTD012, MTD022 and MTD023. pXRF readings >0.4% Ni confirm likely Mt Keith-style disseminated nickel mineralisation and potentially extend this shallow zone ~600m south from hole MTD012.Three intersections of high-tenor remobilised massive nickel sulphide were observed (confirmed by spot pXRF readings up to 18.3% Ni). These remobilised sulphide intersections (5-20cm in width) clearly demonstrate nickel sulphides infilling faults and fractures having likely remobilised from a nearby massive sulphide source (Perseverance-style basal massive sulphide). None of these remobilised intersections appear to explain the shoot like DHEM anomaly and a follow-up DHEM survey of this hole is planned.The drill rig has moved and commenced drilling hole MTP024, midway between holes MTD023 and MTD020. This hole attempts to link up the footprint of disseminated mineralisation across the majority of the ultramafic complex.