"RC drilling in two holes 500 metres apart at Corktree, 4km south of Camelwood,and one hole at Silverbark, 3km north of Camelwood, intersected pyritic sediments and highly magnetic banded iron formation, but there were no significant nickel sulphides present"
Perhaps they haven't intersected the metasediment-ultramafic contact where the nickel mineralisation might be located. The interpreted geology map has the Fisher East ultramafic belt through those prospects as supported by the presence of the prominant magnetic anomaly at the NE of the tenement. The stratigraphy is confirmed to be over-turned at Camelwood but might not be the case at Corktree or Silverbark. There are interpreted faults cross-cutting the ultramafic belt which can easily alter the orientation of the stratigraphy. Keep in mind too the thick regolith makes pinning the ultramafic unit extremely hard with only 1 or 2 wide spaced scout drill holes. I wouldn't write off these areas yet.
The presence of magnetic banded iron formation is also very interesting as some iron formations can host significant gold (Mount Morgans Gold Mine, WA; Tuckabianna West, WA)within greenstone belts. I sure hope ROX assays them for gold.
These are my opinions only. DYOR
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