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Neometals Ltd.
Summary
| Project: | Mt Edwards | |
|---|---|---|
| Deposit: | Mt Edwards | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Arsenic | |
| Date: | 3/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2020: Neometals Ltd. announces an Exploration/Drilling Update report for its Mt Edwards deposit at the Mt Edwards project. Drilling results incl. 7m @ 0.63% Ni, 303ppm Cu, 84ppm As from 47m. Project developer Neometals Ltd (ASX: NMT) (“Neometals” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory Hudson (Internal) | |
| ABSTRACT: | Project developer Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”) is pleased to announce assay results from a recent air core (“AC”) drilling program at its Mt Edwards Project. Drilling and sampling programs were carried out during November and December 2019 across five mining tenements located south of the Widgiemooltha Dome. The drill program comprised 93 drill holes for 3,262 metres (refer to Table 1) and was designed to test numerous nickel targets to confirm bedrock geology and identify the basal contact of the komatiite flows with the underlying basalt. In the past 12 months Neometals has undertaken a targeted exploration campaign at Mt Edwards, methodically validating and improving the drill-hole database, and in turn re-interpreting the geology and the Mineral Resources. Exploration success is seeing the definition of high-grade nickel sulphide amongst the existing Mineral Resources. This drilling follows an encouraging eight-hole reverse circulation program at the recently acquired Exploration Licence E15/1553 in November 2019 (for full details refer to ASX announcement entitled “High-grade massive nickel sulphide at Mt Edwards” released on 31 January 2020). | |
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