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ASSAYS CONFIRM SIGNIFICANT NICKEL AND COPPER IN KEY HOLES AT NOVA
And drilling continues to expand deposit
Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that assays received for nickel, copper and cobalt from two key drill holes at its Nova nickel-copper deposit confirm the presence of exceptional widths and strong grades of mineralisation.
Preliminary (nickel, copper and cobalt only) results received late on Friday are as follows:
Hole SFRD0039, drilled 55 metres down dip of hole SFRD0037 (13.3m @ 3.9% Ni and 2.0% Cu) on the 600N line, intersected:
? 15.42 metres @ 2.74% nickel, 1.09% copper and 0.09%
cobalt from 298.1 metres, including:
? 3.6 metres @ 4.83% nickel, 1.73% copper and 0.15% cobalt
from 298.1 metres, and;
? 2.22 metres @ 5.92% nickel, 0.82% copper and 0.19% cobalt
from 311.3 metres.
Hole SFRD0041, drilled 40 metres down dip of hole SFRD0039 (described above) also on the 600N line, intersected:
? 35.56 metres @ 3.47% nickel, 1.44% copper and 0.1% cobalt
from 293.4 metres. This bulk intercept comprises two broad
zones which each include strongly mineralised cores, as
follows:
? 15.43 metres @ 4.72% nickel, 1.98% copper and 0.15%
cobalt from 293.4 metres, including;
o 6.73 metres @ 6.11% nickel, 2.14% copper
and 0.19% cobalt from 302.17 metres;
? 7.3 metres @ 4.78% nickel, 2.01% copper and 0.15% cobalt
from 321.66 metres, including;
o 5.02 metres @ 6.11% nickel, 2.57% copper
and 0.19% cobalt from 321.66 metres.
In addition to the main zone described above, SFRD0041 also intersected two separate footwall zones comprising 3 metres @ 1.86% nickel, 1.26% copper and 0.06% cobalt from 341 metres and a 0.9 metre zone grading 6.15% nickel, 1.25% copper and 0.19% cobalt.
The assay results reinforce those announced on 18th September and put
SIRIUS RESOURCES NL
ASX: SIR
ABN: 46 009 150 083
Street address:
Unit 5, 5 Mumford Place, Balcatta 6021, Western Australia
Postal address:
PO Box 1011, Balcatta 6914, Western Australia
Tel: +61 8 9240 8914
Fax: +61 8 9240 8915
Email:
[email protected]
Web:
www.siriusresources.com.au
Projects:
Fraser Range nickel-copper, gold
Polar Bear gold, nickel
Canyon Creek molybdenum, copper, gold
Youanmi nickel, copper, PGM‘s
Collurabbie nickel, copper, PGM’s
Sirius Resources ASX/Media Announcement 2
beyond doubt the robust nature of the nickel-copper sulphide mineralisation in this part of the Nova deposit
(see Table 1 and Figures 1 and 2).
Meanwhile, a further three diamond drill holes have been completed since Friday, as follows:
650N line
Hole SFRD0060, drilled 60 metres down dip from hole SFRD0055 (the 74 metre intersection announced on
26th September) on the 650N infill line, intersected a 70 metre thick zone of mineralisation comprising:
? 45.4 metres of disseminated sulphides from 341 metres, followed by;
? 13 metres of mainly massive sulphides from 396.4 metres, followed by;
? 8.3 metres of unmineralised rock from 410.5 metres, followed by;
? 3.5 metres of breccia and stringer sulphides from 418.8 metres.
Mineralisation has now been defined over 150 metres down dip on this line (see Figures 1 and 3), and
remains open - particularly down dip.
700N line
Hole SFRD0057, drilled 40 metres down dip from hole SFRD0054 (announced on 12th September) on the
700N line, intersected 39.5 metres of mineralisation comprising:
? 3.3 metres of breccia sulphides from 392.5 metres, followed by;
? 14.7 metres of disseminated and stringer sulphides from 395.8 metres, followed by;
? 13 metres of massive and breccia sulphides from 410.5 metres, followed by ;
? 8.5 metres of breccia, stringer and disseminated sulphides from 423.5 metres.
Mineralisation has now been defined over 200 metres down dip on this line (see Figures 1 and 4), and
remains open both up and down dip.
800N line
Hole SFRD0059, the first hole to be drilled on the 800N line, intersected:
? 5.74 metres of massive, breccia and stringer sulphides from 416.48 metres.
This hole extends sulphide mineralisation a further 100 metres north and 150 metres northeast down plunge
of all previous drilling (see Figure 1).
Diamond drilling of Nova is continuing and RC drilling of Conductor 4 (Nova West) has commenced. Induced
polarisation (IP) geophysical surveying is continuing over the entirety of the Eye and regional exploration
over other targets has commenced