Sydney - Tuesday - December 11: (RWE Australian Business News) - Western Areas (ASX:WSA) has announced that assay results received from all four recent drill holes at Spotted Quoll have exceeded expectations with significant widths of high grade, high tenor nickel sulphides at shallow depth. Two additional drill holes (for which assays are awaited) have also intersected >3m widths of massive, matrix and stringer sulphides. Although drilling is still at an early stage, the continuity of high grade mineralisation intersected to date confirms the potential for a major nickel deposit at Spotted Quoll. The results also highlight the excellent potential for further discoveries elsewhere along the Forrestania nickel belt. Spotted Quoll is the first new target to be tested since Western Areas raised additional funding for exploration drilling as part of the Convertible Bond in June 2007. Intersections in the six drill holes completed to date at Spotted Quoll are: WBD 18 6.2m @ 4.8% Ni from 121.5m (announced on 16 October) WBD 19 0.2m @ 5.1% Ni from 185.7m (water bore 180m south of WBD 18) WBD 21 7.9m @ 3.7% Ni from 141.0m (incl 1.1m @ 8.4% Ni) WBD 22 5.0m @ 6.6% Ni from 99.4m (incl 0.7m @ 11.0% Ni & 0.8m @ 9.8 Ni) WBD 23 3.0m massive plus stringer sulphides from 117.9m (assays awaited) WBD 24 3.7m matrix plus stringer sulphides from 132.4m (assays awaited)
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