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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Golden Swan | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 4/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 14-4-2020: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Golden Swan deposit at the Black Swan project. Drilling results incl. 23.15m @ 3.99% Ni, 0.37% Cu, 778ppm Co from 740.2m. Poseidon Nickel (ASX: POS, “the Company”) is | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to announce that assays received from the first diamond drill hole into the newly discovered Golden Swan massive sulphide have returned exceptional nickel, copper and cobalt grades akin to that of the neighboring Silver Swan Deposit. Assays received for PBSD0029A are summarised in Table 1 below. The discovery drill hole was collared from the Gosling Access Drive as an EM platform hole to test for massive sulphides between the Gosling Deposit and the Golden Swan Deposit (see Figure 2). The hole included a navi cut to intersect the very top of the Golden Swan EM conductor detected earlier this year. The massive sulphides are located along the southern edge of the Black Swan channel and have been interpreted to result from the gravitational settling of nickel sulphides within the Black Swan channel. The remainder of the EM conductor 120m below the current intersection is yet to be drill tested. The Black Swan komatiite flow formed the third mineralized channel within a sequence of successive ultramafic lava flows. Towards the top of the flow, nickel mineralization forms as disseminated and blebby sulphide droplets that have been frozen in the core of the cooling lava. | |
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