For thousands of other reports visit RSC's Mineral Intellingence Map
Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Silver Swan | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper-Arsenic | |
| Date: | 6/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 12-6-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Silver Swan deposit at the Black Swan project. Drilling results incl. 15.15m @ 8.64% Ni, 0.24% Cu, 0.19% Co, 0.37% As from 180m. Poseidon Nickel (ASX: POS, “the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to provide this update on its ongoing drilling program at the Silver Swan high grade nickel deposit. The Silver Swan underground deposit is immediately adjacent to Poseidon’s Black Swan concentrator and is important for the prospective restart of the Black Swan operations. The Black Swan operations are located approximately 50 kilometres north of Kalgoorlie. Posiedon’s Managing Director Rob Dennis commented: “The results we are achieving with the Silver Swan drilling program continue to impress. Most importantly the drilling has also demonstrated that some of the DHEM indicators of sulphide potential outside the current resource envelope are being converted into the assays we are now seeing. The Silver Swan program will finish up shortly with the remaining assays being released to market in July . We envisage that the impact on the resource revisions for Silver Swan will follow by the end of August 2019 and build on our goal and plans for a restart at Black Swan.” Silver Swan, historically, returned some of the highest-grade nickel sulphides assays in the world. The current 3,000 metre program is intended to verify the current Silver Swan resource base underpinning the restart economics and also extend the deposit where previous work by Poseidon has shown additional opportunities. In conjunction with the recently completed initial drilling program into the Black Swan deposit, the outcomes at Silver Swan will be considered as part of the mine-life extension and optimisation of the Company’s proposed restart program. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report