This little nipper [NiPlats -- NIP], which is 30% owned by CFE, is coming up with some interesting samples. Could be another big arrow in CFE's quiver if drill results are good. Geologists say it looks very much like Mt. Isa.
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NiPlats Australia Limited (NiPlats or the Company) (ASX: NIP) is pleased to report further high grade
lead assays in surface samples from Speewah. The results represent a priority drill target and the best ever
lead assay results ever found within the Speewah Dome of:
11.1% Lead, at Blue Vein Prospect (RR2010-55).
Other excellent results include:
2.56% Lead, at Blue Vein Prospect (RR2010-51);
1.82% Lead, Blue Vein Prospect (RR2010-57).
Assay results reported in this announcement from the surface samples are given in Table 1A and the
location of the high grade lead samples at Blue Vein quoted above are shown on Figure 1. Previously
reported surface samples with copper >0.5% Cu are given in Table 1B.
A number of prioritised drill targets have now been identified which include the Eiffler, Hayden, East
Dome, Grays Vein, Blue Vein, Green Vein and Yungul prospects (Figure 1). The Diamond Core Drill Rig
has commenced drilling on site by with the RC Drill Rig on site this week.
DIRECTORS COMMENTARY
The systematic sampling programme, focused on the fault structures that total over 80 kilometres of strike
length, continues to provide exceptional results and generate multiple targets.
The surface sample results have eclipsed expectations in terms of number and grade, and the Boards
priority is to ensure that each target is adequately tested with drilling prior to the end of the year.
R Wolanski
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