Massive sulphides intersected in multiple RC drill holes at Delphi North Prospect
Highlights
Phase one of Reverse Circulation (RC) drilling completed at Delphi North:
Zones of massive and stringer nickel sulphide mineralisation (pyrrhotite & pentlandite), encountered in four out of seven RC holes
o Program intersected massive sulphide mineralisation in intervals up to 8m (down hole)
o All samples have been sent for immediate analysis – results pending (expected by mid-October 2016)
First of three planned Diamond holes in progress at Delphi:
o First hole at Delphi North testing two stacked Down-Hole Electromagnetic (DHEM) conductors that are coincident with existing massive nickel sulphide mineralisation
o Hole currently at ~350m1 depth with estimated target depth of 430m
RC drilling rig mobilised to Schmitz Well South for maiden drill program
Diamond and RC drill rigs planned to return to Delphi North immediately after completion of current drill programs to follow up latest massive sulphide intersections
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TLM Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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