ASSAYS CONFIRM NEW NICKEL SULPHIDE DISCOVERY ATBERTRAMPilbara...

ASSAYS CONFIRM NEW NICKEL SULPHIDE DISCOVERY AT
BERTRAM
Pilbara nickel explorer and producer, Fox Resources Limited (ASX: FXR) today announced that
reverse circulation drill hole 08BERC003 has intersected shallow, fresh massive nickel and copper
sulphides at the Bertram Prospect, located 12km south of the Company’s Radio Hill nickel mine in
Western Australia (Figure 1).
Preliminary analysis of the massive nickel sulphides by the Company’s Radio Hill laboratory (see
disclaimer) has resulted in the best intersection of 2m @ 1.1% nickel and 0.3% copper from 56m
down hole depth including 1m @ 1.8% nickel and 0.5% copper 57m down hole depth (Figure 2).
Drill hole 08BERC003 is the first drill hole to intersect previously untested geophysical targets (Figures
2 & 3) at Bertram. The mineralisation is completely open along strike and down dip.
The Bertram nickel system may have the potential to host a significant tonnage of nickel and copper
mineralisation as confirmed by diamond drill holes 07BEDD002 and 07BEDD001, which intersected
1m @ 0.67% nickel from 48m down hole depth and 1m @ 0.58% nickel from 43m down hole depth
respectively. The holes were centred approximately 940m apart and did not intersect any known
geophysical conductor plates (Figure 3).
Drilling will continue to focus on testing the remaining four known conductor plates. Fixed Loop
Electromagnetic (FLTEM) surveys are scheduled for later in the quarter to test for deeper conductors
in the area.
Updates on ongoing exploration at F-Zone, Sholl B2, De Beers and the Mt Oscar Iron Ore Project will
be released as information on these projects becomes available. As part of the accelerated
exploration program, the Company expects a second diamond drill rig to commence drilling in May
2008 targeting the southern extension of the Sholl B2 nickel & copper deposit for high grade nickel
sulphide mineralisation.
Fox Resources Managing Director, Mr Don Harper said it’s been many years since the last discovery
of a significant new nickel occurrence in the West Pilbara.
“We have had an outstanding start to our 2008 drilling program at Bertram and full credit should go to
Fox’s new exploration team,” Mr Harper said. “The next step is to follow up with further drilling and
geophysical surveys to better define the mineralised nickel system.”
“While we are very encouraged and excited by today’s results, we remain focused on improving our
nickel/copper production at Radio Hill and developing our base metal and iron ore potential through
exploration.