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Pioneer Resources Ltd.
Summary
| Project: | Golden Ridge | |
|---|---|---|
| Deposit: | Leo Dam | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 4/9/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2020: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Leo Dam deposit at the Golden Ridge project. Drilling results incl. 40m @ 0.54% Ni from 85m. Pioneer Resources (ASX: PIO; “Pioneer” or “the Company”) is pleased to ad | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stuart Kerr (Internal) | |
| ABSTRACT: | Pioneer Resources (ASX: PIO; “Pioneer” or “the Company”) is pleased to advise that it has received encouraging results from a recently completed six-hole Reverse Circulation (RC) drill programme and downhole electromagnetic (DHEM) survey undertaken at the Leo Dam prospect, located on the Company’s 100%- owned Blair-Golden Ridge Nickel Project. The results, which are outlined in more detail below, confirm the prospectivity of the Leo Dam prospect for massive nickel sulphide mineralisation, with the results of geophysical surveys together with geological interpretation of the drilling results providing a clear vector for deeper follow-up drilling. The Blair-Golden Ridge Project is located approximately 25km south-east of Kalgoorlie within one of Australia’s most productive gold and nickel belts (Figure 1). The Blair nickel sulphide deposit is classed as “Kambalda-style”, with nickel sulphides accumulating at the ‘Basal Contact’ of turbulent komatiite lava channels as thin, but very elongate, ribbon-like lenses of sulphide mineralisation. The Blair Nickel Mine was developed by WMC and production commenced in 1990. | |
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