News: Segue Resources MD keynote speaker at Melbourne, Sydney Investor Luncheons

Segue Resources (ASX:SEG) is poised to embark on a highly anticipated diamond and reverse circulation drilling program at its Plumridge Nickel Project in Western Australia’s Fraser Range.

Plumridge covers 2800 square kilometres and is located 120 kilometres northeast of Sirius Resources’ (ASX:SIR) Nova-Bollinger nickel-copper discovery and deposit.
   
The new program is designed to test four bedrock electromagnetic conductors (EM) at the E21 Target which have been defined through both Moving Loop and Fixed Loop Electromagnetic surveys.

This follows-up on recent aircore drilling that intersected favourable geology with mafic/ultramafic rocks identified.

Segue holds the third largest ASX-listed holder of tenements in the Fraser Range and controls over 10% of the Gravity High which represents the area of greatest nickel prospectivity.

Highlighting the prospectivity of its assets, the company recently raised $1.1 million from specialist micro-cap investor Acorn Capital.

There is an opportunity to invest in this Fraser Range explorer before drilling begins and results are reported to market.

Find out how more when managing director Steven Michael presents at Proactive Investors’ upcoming “Melbourne Investor Luncheon” on Tuesday 14th October, and the "Sydney Investor Luncheon" on Wednesday 15th October.

REGISTER HERE: Melbourne and Sydney.

Segue’s consultants Newexco and Omni GeoX have aligned themselves with the company’s performance, completing in September a placement of 9,500,000 shares at $0.0125 per share.

The placement raising $118,750 represents a reinvestment of fees paid by Segue to the technical consultants.

While a large portion of Plumridge had been explored for gold, Segue is focused on exploring for nickel-copper sulphide deposits similar to Nova-Bollinger.

It had developed a multi-phase exploration strategy employing geophysics and shallow drilling to identify areas of potential magmatic sulphides.

The company is now preparing to start drilling with the highest priority target, C1, to be drilled first with an RC pre-collar to approximately 300 metres and then a diamond tail through the conductor plate, which has been modelled at 650 metres to the centre of the plate.