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Poseidon Nickel Ltd.
Summary
| Project: | Lake Johnston | |
|---|---|---|
| Deposit: | Abi Rose | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Tin | |
| Date: | 11/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 21-11-2018: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Abi Rose deposit at the Lake Johnston project. Drilling results incl. 1.54m @ 3.39% Ni, 0.37% Cu from 450m. Poseidon Nickel Limited (ASX:POS or the Company) is please | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel Limited (ASX:POS or the Company) is pleased to announce continued success in the final two holes at the Abi Rose prospect. All three holes in the current program intersected massive nickel-copper bearing sulphides associated with pyroxenitic intrusive ultramafic rocks. PLJD0005 was targeting mineralisation between the 2016 intersections obtained in PLJD0001 (0.2m @ 10.2% Ni % & 0.25% Cu at the western edge of the thinning intrusion) and PLJD0002 (10.48m @ 3.2% Ni, containing 5.72m @ 4.66% Ni and 1.29m @ 10.22% Ni). The hole intersected 0.8m of massive sulphides and magmatic breccia sulphides along the basal contact of a 5.8m wide pyroxenitic intrusion (Refer to Table 1 and Figures 1 & 2). Magmatic breccias form along the bottom of the intrusions as they fracture and erode the rocks into which they are being forced. Being low points, they are often mineralised as the heavy Ni-Cu bearing sulphides settled to the bottom of the intrusion. PLJD0006 targeted the footwall of the Abi Rose zone approximately 25m down plunge of PLJD0003 (drilled in 2015), testing the lower eastern edge of the target area, intersecting 0.18m of remobilised breccia sulphides below the main mineralised zone (Refer to Table 1 and Figure 2). Similar sulphide variations were mapped within the Emily Ann Nickel Mine, indicating that the thinning base of the Abi Rose Mineralisation, as intersected in PLJD0003 & PLJD0006, is consistent with the mapped geology at the Emily Ann Deposit. As such PLJD0006 is a useful hole to define the plunge of the Abi Rose Mineralisation to the north (Figure 4). | |
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