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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Black Swan Underground | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Magnesium-Sulphur | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 27-11-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Black Swan Underground deposit at the Black Swan project. Drilling results incl. 31.5m @ 1.00% Ni, 0.05% Cu, 0.01% Co, 34.21% MgO, 0.78% S from 133.5m. Poseidon Nicke | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to announce assay results from the last 4 holes of the underground Reverse Circulation (RC) drill trial at Black Swan. The program comprised of 2,481m of drilling from the Gosling Access Drive, 350m below surface. The trial has provided the Company with an excellent opportunity to develop a robust exploration technique to rapidly and accurately assess the Black Swan Deposit. Interim CEO David Riekie commented "The development of the Underground RC drill system has enabled our geological team to gain better definition and geological appreciation of the Black Swan disseminated mineralisation below the open pit. More importantly, the mineralisation is in close proximity to the current Silver Swan workings and evidently continues beyond the current Black Swan Mineral Resource. Exploration in this area presents the Company with a significant opportunity beyond the current mine plan. We anticipate being able to further refine the underground large-bore drilling technique in the future to take full advantage of the benefits it brings.” | |
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