getting sirius - new ann

Hopefully this will give the SP a jolt today


ASX and Media Release
12 September, 2013
THREE NEW NICKEL TARGETS FROM AIRCORE DRILLING AT RED BULL
KEY POINTS
? Three significant new nickel targets outlined by initial broadly-spaced aircore drilling
? Intervals of up to 8m @ 0.41% Ni with anomalous Cu, Co and PGEs
? Targets occur within an 8km strike length of a layered mafic-ultramafic complex
? Geochemical signature and geological setting considered favourable for magmatic nickel sulphide deposits
Sheffield Resources (“Sheffield”, “the Company”) (ASX:SFX) today announced the identification of three substantial nickel-copper-cobalt anomalies from regional aircore drilling completed at its Red Bull Nickel-Copper Project in July. Red Bull is 20km south of Sirius Resources NL’s (ASX:SIR) Nova/Bollinger Nickel-Copper deposit, in the Fraser Range Nickel Province in Western Australia (Figure 5).
The three anomalies, named the Earlobe, Stud and Sleeper prospects (collectively the “Northern Targets”), occur within an 8km strike length of a layered mafic-ultramafic complex in the northern part of the Red Bull project. The anomalies remain open, with 3km of prospective strike yet to be tested by aircore drilling (Figure 1).
Significant results from each prospect include:
Stud
? 22m @ 0.26% Ni, 121ppm Cu, 223ppm Co, 7.5ppb Pt from 32m (REAC240)
including 8m @ 0.41% Ni, 170ppm Cu, 350ppm Co, 6.8ppb Pt from 32m
? 12m @ 0.32% Ni, 204ppm Cu, 337ppm Co, 8 ppb Pd from 37m (REAC272)
? 8m @ 0.15% Ni, 400ppm Cu, 261ppm Co, 14.5ppb Pd, 14.5ppb Pt from 22m (REAC250)
Earlobe
? 6m @ 0.24% Ni, 53ppm Cu, 170ppm Co, from 52m (REAC230)
Sleeper
? 4m @ 0.16% Ni, 203ppm Cu, 301ppm Co from 44m (REAC320)
(Refer to Table 1 for further details.)
The anomalous intervals occur at or near the base of weathering and may represent the chemical dispersion halo around a sulphide source (Figures 2 & 3). Disseminated sulphides were observed in end-of-hole samples in several drill holes, e.g. hole REAC240 (Figure 4).
Managing Director, Bruce McQuitty said the results are highly encouraging and demonstrate the potential for significant Ni-Cu mineralisation at Red Bull.
“We have identified a discrete, 8km long unit within a mafic-ultramafic complex which displays strong nickel, copper and cobalt anomalism. Elevated palladium and platinum values are a further indication that we are in the right setting for a magmatic nickel sulphide system.”
“The tenor of anomalism is similar to that found in the halos to nickel deposits.”