Strategic Minerals completes air core drilling at Hanns Camp project
Source - SMW
Strategic Minerals said it has now completed the air core drilling for the nickel and cobalt targets at Central Australian Rare Earths' ("CARE") tenements at Hanns Camp, Western Australia.
Key Highlights: - Successful cobalt and nickel intersections in 23 of the 49 holes completed - Extensive air core drilling of 1,915 metres completed
- Stronger intersections include:
. HCAC049: 24m @ 1.05% Ni eq. from 24m (including, 24m @ 0.75% Ni and 16m @ 0.07% Co)
. HCAC048: 24m @ 0.96% Ni eq. from 24m (including, 24m @ 0.72% Ni and 4m @ 0.10% Co)
. HCAC039: 12m @ 1.36% Ni eq. from 16m (including, 12m @ 0.77% Ni and 12m @ 0.14% Co)
. HCAC028: 21m @ 1.24% Ni eq. from 21m (including, 21m @ 0.97% Ni and 21m @ 0.06% Co)
. HCAC025: 16m @ 1.10% Ni eq. from 16m (including, 16m @ 0.78% Ni and 4m @ 0.06% Co)
- Substantial zone of anomalous Co-Ni mineralisation extends approximately 1,000m x 500m
- Potential easy access to minerals with top of mineralisation from 4m to 24m from surface
- Extensive review of the nickel sulphide potential commenced with engagement of Dr Martin Gole. Dr Gole is an internationally recognised ultramafic Ni expert
Chairman of Strategic Minerals, Mr Alan Broome AM, commented:
"SML acquired 100% ownership of CARE in May 2017 and we are pleased to announce that the completion of the first phase of exploration drilling at Hanns Camp has supported the identification of cobalt and nickel laterite mineralisation. These results are highly encouraging for the prospectivity of the mineralisation and provide a solid base for further exploration.
"As stated when we commenced this programme, this drilling is the first phase of exploration of the highly prospective Hanns Camp tenements The intersection of both cobalt and nickel laterite mineralisation, over an extensive area, is encouraging and lays the ground work to further examine the initial objective of identifying a substantial nickel sulphide deposit. The addition of Dr Gole brings a fantastic level of expertise to the team and will ensure we are well placed as we move forward with exploration."
At 2:02pm: (LON:SML) Strategic Minerals PLC share price was -0.03p at 2.35p