They may announce drilling program over next few days
Halcyon identifies 3 anomalies at Bardoc Project 16:20, Thursday, 3 June 2004
Sydney - Thursday - June 3: (RWE) - Halcyon Group Ltd today announced a geophysical survey at the Bardoc Project had identified three anomalies that could represent nickel sulphide mineralisation. The geophysical program, completed in March this year, comprised a ground-based Electro Magnetic survey, designed to test six target areas associated with the 13 kilometres of prospective komatiite units. "The company is very encouraged by the anomalies identified to date as they are associated with the highly prospective 'basal contact' of the komatiite unit," technical director Mr Hamish Halliday said. "This 'basal contact' is the hosts for the Scotia nickel sulphide mine (endowment of 35,000 tonnes of Nickel metal) located just 10 kilometres to the north of Halcyon's tenement boundary," he said. Following the identification of the three anomalies, the company has initiated a second geophysical program involving a further 12 line kilometres of infill EM, scheduled to commence later this month. The aim of the second program is to further define the anomalies in preparation for drill testing.
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