DRILL PROGRAMME A new diamond drill rig is scheduled to arrive at Mt Alexander today to commence Phase 2 of the drill programme at Investigators
..will it be 24/7 and does new translate to deeper / faster …
25/06/2018
Definition drilling at the Stricklands Prospect using both RC and diamond drilling
At Stricklands, definition drilling will continue with a combined diamond and RC drill programme designed to fully delineate the extent of the mineralisation across the +400m strike of the Stricklands ultramafic
04/06/2018
is a cross section of the MAD85 and MAD71 line at Stricklands. The mineralisation may potentially extend down plunge to the north-west. This area will be tested when drilling re-commences at Mt Alexander shortly. (… shortly? Coming up on nearly three months )
Quarterly 09/07/2018
Well-funded for escalation of drilling activity in H2 2018
HAWAII PROJECT: • Augur soil survey completed in Q2 2018 over approximately 50km2 of interpreted undercover greenstones • Assays are pending
Assays for the soil survey are pending. It is expected that the survey will generate new nickel sulphide and/or gold targets to be tested by diamond and/or RC drilling in Q3 or Q4 2018
EAST LAVERTON PROJECT: • Nickel sulphide and gold exploration progresses • Close-spaced airborne magnetic survey completed in Q2 2018 over the Ascalon, Athena and Bristol gold prospects • High resolution data confirms magnetic breaks within differentiated dolerites which are prospective hosts for gold mineralisation with large areas untested by drilling • New drill targets identified and prioritised for drill testing in Q3 2018
Gold Exploration: A new airborne magnetic survey was completed in Q2 2018 at the East Laverton Project. The survey generated high resolution magnetic data for three priority gold prospects – Ascalon, Athena and Bristol.
A drill programme is being designed to test these new target areas at Ascalon and Athena. Drilling is scheduled to begin in Q3 2018.
With what appears to a thinning out of some determined sellers side last week its about to get real interesting potentially for the rest of the year . I am hoping some of our 100% leases are explored especially if others as mentioned are/ have run the ruler over SGQ .
Investigators is finally getting its due attention after being put on the backburner to the disappointment of myself and im sure others after Mad71 last year . tinker around with Stricklands in the background if you must bring on Investigators we're 9 months behind
To recap : Aug2016 ann. MAD40 has intersected massive sulphides at 107.85m depth testing for an extension of Anomaly 2 (114,000 Siemens) in the central‐eastern part of Investigators · MAD40 was drilled to a downhole depth of 142.3m to test for an extension to mineralisation at Anomaly 2, which had been earlier intersected by MAD31. The drill hole has intersected 14.85m of ultramafic from 93m with nickel‐copper sulphides summarised below:
0.87m, from 107.85‐108.72m, of massive sulphides with spot XRF readings averaging 15%Ni and 1%Cu and including some pentlandite veining
Given they have a good signature on mad40 and results proven and some corresponding data at 140000Siemens at 185 m for MAD111 X1 approx. 80 m deeper plunge on thicker ultramafic and therefore slower cooling / concentrating ?? we just need to track this
15% Ni on any meterage doesnt fall out of the sky - it has to come from or be going somewhere
Will be interesting to see traders reaction around the 14 and 18 c marks ( latest capital raisings levels ) and also 20 – 24c mark ( churn of shares after the spike ) as seeing who wants to leave and who wants to stay. Traders will be looking to move/ put there money somewhere if there is any spark in the current market climate plus many others still on the sidelines imo . Vol 1.5M plus …lower is just background noise .
Nothing unusual for a nickel exploration company with spikes and prolonged driftage . We are still the most advanced and diverse of the current exploration companies imho (G88 , GBR being a couple of the others in the mix) . check out the other two major independents WSA and IGO in there early days for some perspective on timeframes and chart patterns for nickel
Will be very interesting to see where the coin is allocated… and hopefully we also collect another couple of mill in R+D rebates like last year . We have some of the best locals in the business in Newexco and CW with a planned/ methodical and careful handful of picked management team approach and I believe they will easily collect there well timed and deserved performance shares in due course! ( based and Ni , Co or Gold targets )
Bring it on(multiple rigs ) …we will find you Nickel Dragon(s)
Good Fortune to All
Nickel69
Yes a BUY / accumulate at these levels … and yes I have
And for those thinking of camping out there maybe take a shovel or two … and get this party started
and get this party started
(20min delay)
