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
PNN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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