🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Resource Mining Corporation confirms six nickel sulphide targets at Tanzanian Project

Published 11/05/2023, 11:03 am
Updated 11/05/2023, 11:30 am
© Reuters Resource Mining Corporation confirms six nickel sulphide targets at Tanzanian Project

Resource Mining Corporation Ltd (ASX:RMI) has confirmed at least six nickel sulphide targets from its natural-source audio-frequency magnetotellurics (AMT) geophysical survey at its Liparamba Nickel Project, situated in the Nyasa Ruvuma region in Tanzania.

By mapping lateral conductivity contrasts, the AMT method has proven effective in identifying prospective areas within specific geological settings for nickel mineralisation and has emerged as a useful tool for nickel exploration.

RMC has selected drill hole locations to test for nickel sulphide mineralisation within the large, significant co-incidental geophysical and geochemical anomalies previously identified by BHP/ Albidon.

Moving forward, an initial reverse circulation (RC) drill campaign of 12 holes across 1,800 metres, planned to drill test the AMT targets, is expected to kick off this month.

Significant nickel sulphide targets

RMC CEO Andrew Nesbitt said: “The findings from the AMT geophysical survey at Liparamba have been very encouraging.

“Not only have they substantiated the significant nickel sulphide targets previously defined by BHP/Albidon, but in addition, they have identified some very promising new targets as well.

“We have updated our geological model, and subsequently planned a drilling program which will start next week to test the most prospective targets.

“We look forward to updating investors as we progress.”

Survey highlights

The results demonstrate a strong correlation between the two datasets, with the AMT data providing more granularity in terms of revealing the internal structure of the conductive targets and assessing their internal complexity.

This enhanced level of detail allowed a more comprehensive understanding of the subsurface geology and the potential mineralisation targets within the Liparamba exploration area.

Overall, the strong correlation between the VTEM conductors and the AMT-modelled 2D sections instils confidence in the data and enables more robust interpretation in 3D.

Anomalous AMT profiles were consistent across the base of the southern boundary of the mapped mafic inlier at the project.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.