Ongoing drilling results confirm the excellent continuity of the recently discovered high grade Spotted Quoll nickel deposit at shallow depth. Assay results of different ore types from the area drilled to date (240m strike length, 150m down dip) are consistently in the range:
Recent massive sulphide drill hole intersections include:
- WBD 28 8.7m @ 11.4% nickel from 88.2m depth (announced 1 February)
- WBD 31 6.5m @ 9.4% nickel (incl 4.3m @ 13.0% nickel) from 78.3m depth
- WBD 32 3.1m @ 10.0% nickel plus 1.9m @ 11.0% nickel from 76.8m depth
- WBD 34 3.2m plus 3.4m massive sulphide from 119.0m depth
The exceptional tenor of the massive sulphide mineralisation at Spotted Quoll suggests potential exists for a deposit of similar or possibly higher grade than the Flying Fox mine.
The first target of the drilling program is to define a mineral resource to 200m depth by the end of the March quarter. Drilling is currently targeting south and above the area drilled to date testing the potential for an initial high grade open pit mine. Drilling will then test the potential for deeper extensions below the current limit of drilling to 400m depth.
Drilling has confirmed high grades at the southern end of T4. Recent intersections are:
- FFD 193 W1/W1 5.4m @ 7.5% nickel from 812.0m depth
- FFD 193 W2 2.2m @ 8.0% nickel from 816.2m depth
- FFD 193 W3 3.1m @ 5.2% nickel from 818.8m depth
Drilling will continue to focus at the southern end of T4 which remains open for at least 100m below the area of the three drill holes listed above. A second drill rig is testing T4 south of the dolerite dyke. The main decline is due to access T4 by the end of December.
Flying Fox - T6 and T7
Assay results have been received for drill hole FFD 136 W4/W1/W2 which intersected T6, the T6 Fault and the southern end of the T7 EM conductor. This drill hole has confirmed significant widths of disseminated nickel sulphides in T6 as well as high grade massive sulphides in the T6 Fault and T7 deposits.
The significance of FFD 136 W4/W1/W2 is that is demonstrates strong nickel mineralisation extends over a large, sparsely drilled area below the T5 ore body. The grade of the intersection in T7 (9.3m @ 5.1% nickel - see below) is the result of dilution of a zone of massive sulphide (with individual assays of 9.5%, 9.0%, 8.3%, 9.1% 9.7% 9.0% and 8.1% nickel) with barren sediment intervals. FFD 136 W4/W1/W2 confirms the high tenor and good ground conditions of the T7 zone and provides confidence in the potential of the strong T7 EM conductor located immediately north of the drill hole. Drilling is currently testing the continuation of the T5 ore reserve into the underlying T6 deposit before moving to target the centre of the T7 conductor. -- www.cnxmarketlink.com
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