Sydney - Friday - November 30: (RWE Aust Business News) - Western Areas (ASX:WSA) has intersected significant widths of nickel at the Spotted Quoll discovery, Western Australia. An intersection of 6.2m at 4.8 per cent nickel with 3.6m at 6.9pc from 121.5m has underpinned the drilling success. The drilling has now shifted to defining a mineral resource to 200m depth. The sulphide zone appears to be continuous and forms part of a regional shear zone below the main ultramafic/sediment contact. There are similarities with the setting of Spotted Quoll to the upper part of the nearby Flying Fox mine. There is potential for significant nickel deposits at shallow depth and a bonanza grade within structural settings or associated with granite intrusions at depth.
WSA Price at posting:
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