PNN 3.57% 14.5¢ power minerals limited

worth a punt imo big boy @ .43

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    has moved up from .42 to .43 if he moves again can really heat things up



    MEDIA RELEASE
    10 April, 2006
    PepinNini Minerals targets nickel and copper in
    Musgrave Province drilling program
    PepinNini Minerals Limited (ASX Code ‘PNN’) will target two areas with high prospectivity
    for nickel and copper with its maiden drilling program, starting this week, in the Musgrave
    Province in South Australia’s far north-west.
    "We have a drilling rig and support vehicles on site and a field camp has been
    established,” PepinNini Managing Director, Mr Norman Kennedy, said.
    “The drilling program will comprise at least 17 boreholes targeting Voisey’s Bay style
    mineralization (layered mafic- massive nickel copper sulphide) and will investigate
    bedrock conductors identified from helicopter and ground electromagnetic surveys,
    elevated nickel and copper grades obtained from surface samples collected from
    gossanous outcrops and conceptual geological targets interpreted from magnetic data.
    “The program has been awarded funding of up to $128,250 towards direct drilling costs
    under the South Australian Government’s PACE initiative.
    “A clearance survey conducted by the Traditional Owners of the area last month
    approved all proposed borehole sites for drilling,” he said.
    Musgrave Province Project
    PepinNini has a 100% interest in one granted exploration licence and three exploration
    licence applications covering approximately 6,761 square kilometres of the Musgrave
    Province of South Australia.
    The current exploration activities are focused on the investigation of two prominent
    magnetic features located near Mt Moulden and Mt Harcus within EL 3368 which are
    interpreted as representing ultramafic/mafic intrusions and are considered to be
    prospective for nickel copper sulphide mineralisation similar to that at Voisey’s Bay in
    Canada.
    Nickel copper sulphide deposits are typically very conductive and produce a strong
    electromagnetic (EM) response. The deposits are also generally associated with
    ultramafic or mafic intrusives which produce strong magnetic anomalies.
    A helicopter HoisTEM survey was completed between late September and mid
    November, 2005 with 1,378 line kilometres being flown across the Mt Moulden magnetic
    feature and 1,407 line kilometres at the Mt Harcus feature.
    A ground TEM survey was also completed at Mt Moulden and Mt Harcus between late
    September, and mid November 2005. Overall a total of 806 stations of inloop TEM data
    were acquired comprising 71.3 line kilometres on 23 lines.
    Field reconnaissance surveys have also been undertaken and included field mapping
    and geochemical sampling.
    Data from the geophysical and reconnaissance surveys have been processed and
    assessed. Bedrock conductors, possibly representing mineralized sulphide bodies, have
    been identified from the EM data and elevated nickel (max. 1,015ppm) and copper (max.
    791ppm) contents were assayed in surface samples collected from gossanous and mafic
    outcrops discovered during the field reconnaissance program.
    The information in this report that relates to Exploration Results is based on information compiled by
    Norman Kennedy BSc MAusIMM. Norman Kennedy is the Managing Director of PepinNini Minerals Limited
    and has sufficient experience which is relevant to the style of mineralisation and type of deposit under
    consideration to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for
    Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
    For further information please contact:
    Norman Kennedy
    Managing Director, PepinNini Minerals Limited
    Phone: (02) 9417 6212
    Peter Gill
    Field Public Relations
    Phone: (08) 8234 9555 Mob: 0417 784 059
    Note: Additional information on PepinNini Minerals Limited can be found on the website:
    www.pepinnini.com.au
    Northern Territory
    South Australia
    Pipalyatjara
    Kanypi
    Nyapari
    Amata
    Watarru
    Kunytjanu
    20 km
    Western Australia
    Mt Moulden
    Ni Target
    Mt Harcus
    Ni Target
 
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