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Pioneer Resources Ltd.
Summary
| Project: | Golden Ridge | |
|---|---|---|
| Deposit: | Leos Dam | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 1/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2018: Pioneer Resources Ltd. announces an Exploration/Drilling Update report for its Leos Dam deposit at the Golden Ridge project. Drilling results incl. 4m @ 1.23% Ni, 503ppm Cu from 213m. Perth, Western Australia, 25 January 2018: Pioneer Resources | |
| Resources: | (Resource, I+I): 222.71Kt @ 2.92% Ni for 6.51Kt contained at Blair Nickel Mine | |
| CP/QP: | [Overall Report]: David Crook (Internal) | |
| ABSTRACT: | Perth, Western Australia, 25 January 2018: Pioneer Resources Limited ("Pioneer" or the "Company" (ASX: PIO)) is pleased to announce it has intersected significant nickel sulphide mineralisation in recently completed drilling at its 100%-owned Golden Ridge Project in the Eastern Goldfields of Western Australia. The Company advises that drilling at the Leo’s Dam Prospect within the Golden Ridge project area has returned a highly significant nickel sulphide intersection of 22m at 1.02% Ni and 475ppm Cu from 202m. Results of the Company’s cobalt-focused drilling at the Project were released to the ASX on 24 January 2018. The results of this phase of drilling validate and strengthen Pioneer’s geological model for the Golden Ridge Project, and it will now make plans for the next phase of field work at the Project as a priority In an announcement to ASX dated 20 July 2015 the Company outlined an advance in the geological model for the Golden Ridge Project, including the proposition that an ultramafic dome (Figures 3a and 3b) is the dominant geological structure for the Project. This is analogous to other major nickel sulphide mining camps located to the south of the Blair Nickel Mine (within the Golden Ridge Project), such as Kambalda and Widgiemooltha. An additional hole drilled at the Leo’s Dam Prospect has provided further validation to this model, through the intersection of significant of nickeliferous sulphides. | |
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