In an “early win” for the company, NickelSearch Ltd (ASX:NIS) has struck visual nickel sulphide mineralisation in the first hole drilled at Sexton prospect - the first of three diamond holes to be drilled at the Carlingup Nickel Sulphide Project in Western Australia.
The company struck mineralisation in the upper mineralised horizon (UMH) above a strong down-hole electromagnetic (DHEM) conductor plate, while targeting the deeper lower mineralised horizon (LMH).
NIS was investigating this particular conductor based on January reverse circulation (RC) drilling results, which indicate down-plunge mineralisation in the area continues over a 150-metre plunge, increasing in width at depth.
Vigorously pursuing nickel discovery
“It is very encouraging that we have intersected visual nickel mineralisation at 109.8 metres in our first diamond hole at Sexton, in line with historical drilling,” NickelSearch managing director Nicole Duncan said.
“This is an early win for us!
“We will continue the hole to its planned target because our earlier RC drilling suggests the presence of thicker sulphide mineralisation down-plunge.
“The strike length of nickel mineralisation at Sexton now extends to 190 metres and remains open.
“We are pursuing nickel sulphide discovery success with vigour, and I encourage our shareholders to continue to support us by participating in the entitlement offer, which remains open until Friday, June 16, 2023.”
NIS is confident of continued success at Sexton, as all holes previously drilled there intersected nickeliferous sulphides.
The company’s latest drill hole will continue to greater depths in order to hit its original target in the LMH, while a second diamond-drilled hole will be used to test 60 metres along strike, down to a depth of 250 metres.