more high grade copper news out!, page-25

Taken from the WSA annnual report, released last night:


Mt Gibb (WSA 70% interest)
The Mt Gibb Project comprises a Joint Venture with
Great Western Exploration Limited (GTE) over a 303km2
tenement area in the Forrestania region. The bulk of
the project area lies along the south-eastern margin of
Western Areas Forrestania tenements.
A significant programme of diamond drilling (14 holes for
3506.3m) was completed testing a series of anomalies
generated previously by surface EM surveys completed by
GTE in the southern portion of the project area.
Whilst most of the anomalous geophysical responses
related to barren sulphides, encouragingly, two of the
drill holes intersected narrow massive nickeliferous
sulphide veins. MGD002 intersected 1.1m at 2.6% Ni from
133.9m depth with the nickel mineralisation remobilised
into a sheared footwall basalt host. HCD001 intersected
0.3m at 0.9% Ni from 249.8m and 0.2m at 1.8% Ni from
250.9m depth with nickel mineralisation associated
with a contact position but hosted within banded iron
formation. However, subsequent drill holes beneath
these intersections failed to intersect significant nickel
sulphides. DHEM surveys on the drill holes failed to identify
conductors associated with the nickeliferous intercepts.
The stratigraphic sequence tested above continues to the
south east and remains essentially unexplored. Further
exploration activities are planned by Western Areas
including further testing of the southern portion of the
project area with EM geophysics and subsequent drill
testing of any anomalies generated.