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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Black Swan Underground | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Magnesium-Sulphur | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-11-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Black Swan Underground deposit at the Black Swan project. Drilling results incl. 37.5m @ 0.84% Ni, 0.04% Cu, 0.02% Co, 34.82% MgO, 1.28% S. oseidon Nickel (ASX: POS, | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | oseidon Nickel (ASX: POS, “the Company”) is pleased to announce details of the successful completion of the last 6 holes (1,155m) of the underground Reverse Circulation (RC) drilling program on section 11340 North. The Company has now completed Stage 1 of the planned 14-hole (2,481m) RC trial underground drilling program at Black Swan. The drill program was undertaken from the Gosling Access Drive, 200m below the Project’s open pit (which is currently being dewatered). Commenting on the results, David Riekie, Interim CEO said, “Our team has returned another round of impressive drilling results at our flagship Black Swan project. “Building on the previous outcomes, we are seeing significant benefits utilising the novel “up-hole” drilling and survey technique, which has provided the team with important information on confirmation of the mineralisation at depth and extensions to this mineralisation. “We continue to successfully explore and develop Black Swan, as we work our way towards making a Final Investment Decision this quarter on re-starting nickel mining operations.” | |
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