South of our nickel project drills AGS diligently holes in the ground.
.Alliance Resources believes that it has discovered a mineralization.
30.03.2017 ASX / AGS - Nepean South Project
Alliance Resources Limited (Alliance)is pleased to announce an update
of exploration activities at its Nepean South nickel-gold project
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Gold in soil anomaly (gold anomaly) at Nepean South is now 1,350m in
length, up to 850m wide and remains open in the north."
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From an old FML Activities Report for the Quarter Ended 30 June 2008
( http://member.afraccess.com/media?id=CMN&filename=20080729/00864042.pdf )
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RC drilling returns outstanding near-surface results including 3m @ 12.53% Ni, 1m @ 11.41% Ni and
3m @ 9.93% Ni, being accessible from the proposed portal position.
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Hope the people at Focus have a eye on it.
So bad are the values really not, I would like to see further explorations.
And the nickel price?
IGO seems to be able to live with the price.
( NOVA : Mineral Resource is 14.3Mt 2.3% Ni, 0.9% Cu an 0.08% Co. )
FML Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
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