Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that the first drill hole testing conductor 5 at its Nova nickel-copper deposit has intersected mineralisation at the northern edge of the conductor. Hole SFRD0118 intersected: ? 23.8 metres of disseminated to blebby sulphides from 325 metres, followed by; ? 0.35 metres of breccia sulphides from 348.8 metres, followed by; ? 0.95 metres of stringer sulphides from 349.15 metres. This is the first intersection of breccia sulphides north of the main Nova deposit. It occurs at the base of a broader interval of disseminated sulphides that are also seen in SFRD0095 (see Figure 1) – and is deeper than predicted by the electromagnetic (EM) model. At this stage it is not known if this represents a minor zone of breccia mineralisation peripheral to Nova, part of the Nova deposit offset across a fault, or part of a separate mineralised system. The intersection of disseminated to blebby sulphides also appears to confirm the validity of the previously reported induced polarisation (IP) anomaly, which is interpreted to extend for 2 kilometres to the northeast towards conductor3. A follow up drill hole has commenced on conductor 5.
SIR Price at posting:
$2.61 Sentiment: LT Buy Disclosure: Held
