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clock Created with Sketch. 20/06/14
16:43
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Originally posted by Undaunted
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....so I did some more digging around for further info on the HW Gossan. In Matsa's release of 18 June 2013 its states; "There has been extensive past exploration for nickel over the Killaloe project commencing in the 1960’s by companies including Anaconda, Union Oil, Western Mining and more recently, Sipa Resources and Australian Nickel. Previous work has included detailed aeromagnetic/radiometric surveys, geological mapping, sampling, ground geophysics and drilling. This work has shown that rock units making up the Western Ultramafic Belt (WUB) and Eastern Ultramafic Belt (EUB) are very similar to the mafic ultramafic sequence containing the Kambalda nickel deposits some 60km to the north. Furthermore early drilling of the WUB by Anaconda in the early 1970’s achieved a sulphide nickel intercept of 3m @ 0.49% Ni and 0.15% Cu in drill hole KLC21 testing the Hanging Wall (HW) Gossan prospect which confirms the potential for sulphide nickel deposits at Killaloe."
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CUL has had a number of partners, and some prestigious ones too, over the past 10 years. They have sunk good money in the ground. They have all walked away. why? this is a legitimate question to ask.
