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Poseidon Nickel Ltd.
Summary
| Project: | Lake Johnston | |
|---|---|---|
| Deposit: | Abi Rose | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Tin | |
| Date: | 10/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-10-2018: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Abi Rose deposit at the Lake Johnston project. Drilling results incl. 2.90m @ 1.08% Ni, 0.1% Cu, 422ppm Co from 465.73m. Poseidon Nickel Limited (ASX:POS or the Compa | |
| 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 following the restart of drilling at the Abi Rose nickel discovery. PLJD0004, the first of three planned holes, commenced in late September (refer ASX: Drilling Recommenced at Abi Rose Nickel Deposit-26/09/18) targeted the down plunge extension of mineralisation identified during drilling in 2015-2016. PLJD0004 intersected a 2.9m wide zone of ultramafic rocks comprising pyroxenitic gabbros within a package of felsic volcanics, 56m down plunge from the previous intersections. All four holes drilled at Abi Rose have intersected nickel mineralisation. Nickel-copper bearing sulphides comprising disseminated and massive sulphide accumulations occur over a 1.54m wide zone in Tables 1 and Figures 1. Within this zone was a massive and highly disseminated zone of 0.47m grading 4.36% nickel and 0.46% copper from 466.02m down hole. A full list of assays are presented in Table 3. The next hole to be drilled by the Company PLJD0005 (refer collar details at Table 2) has commenced and is targeting the confluence of the new and previous DHEM plates ~25m down plunge from PLJD0002. | |
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