Kanowna Lights Limited ACN 062 409 303 12th January 2004 Australian Stock Exchange Limited Company Announcements Platform Via e-lodgement
PINNACLES NICKEL PROJECT The Company is pleased to announce that an assessment of the recent moving loop electromagnetic survey, at its Pinnacles Project, has been completed. This has highlighted a significant bedrock conductor consistent with the response of a massive nickel sulphide accumulation. The conductor has been modeled to have a strike extent of approximately 200 metres and is interpreted to be hosted within ultramafic on the basement contact with mafic lithologies. The Company considers this to be a high priority target for follow up exploration A programme of detailed fixed loop electromagnetics and drill testing is currently being planned. In addition, further moving loop electromagnetics will be utilised to test a further eight kilometers of the interpreted basal contact not previously tested with electromagnetics.
David Steinepreis Director
For further information contact: Matthew Wood Chief Executive Officer Telephone: +61 8 9420 9333 Facsimile: +61 8 9321 2477 Email: [email protected]
