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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Black Swan Underground | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Magnesium-Sulphur | |
| Date: | 10/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 14-10-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Black Swan Underground deposit at the Black Swan project. Drilling results incl. 52.5m @ 0.75% Ni, 0.03% Cu, 0.01% Co, 34.79% MgO, 0.83% S from 90m. Poseidon Nickel ( | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to announce the successful completion of the first eight holes of the underground RC drilling program on section 11260 North. The 1,236m of drilling, which is part of a broader 2,500m underground drilling program at Black Swan, has been undertaken from the Gosling Access Drive, 200m below the Project’s open pit (which is currently being dewatered). Importantly, all holes have intersected the Black Swan disseminated mineralisation confirming continuity at depth, in both grade and scale. Holes PBSC001 and PBSC002 were targeting the Footwall Lode observed in the open pit, while holes PBSC003 to PBSC008 were targeted to intersect the continuation of the main Central Lode (see Figure 1). The Central Lode mineralisation on section 11260 North indicates that it is consistent and continuous from beneath the open pit down through to the hangingwall of the Gosling Massive Sulphide Lode some 250 metres below (see Figure 1). It is anticipated that mineralisation will continue down to the two diamond holes drilled by Poseidon 1km below surface earlier this year (see announcement “Successful Phase 1 Drilling under Black Swan Open Pit” released 6 May 2019). | |
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