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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Silver Swan | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper-Arsenic | |
| Date: | 7/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 25-7-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Silver Swan deposit at the Black Swan project. Drilling results incl. 12.9m @ 8.63% Ni, 0.32% Cu, 0.11% Co, 0.04% As from 52.9m. Poseidon Nickel (ASX: POS, “the Compan | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to announce the diamond drill program at Silver Swan has successfully concluded supporting a potential extension in size of the known nickel resource. The two key objectives of the Silver Swan program were met; firstly, to de-risk the existing inferred resource where the latest massive sulphide intersections were found to be on par with or wider than expectations, and secondly to extend the size of the Silver Swan resource through strategically placed step-out holes based on geology and downhole electromagnetic (DHEM) anomalism. Posiedon CEO Rob Dennis said “Initially a conservative approach was taken to estimate the resource back in 2016, however the geological evidence uncovered by this recent drilling program clearly indicates that the Silver Swan channel is continuing as wide as it has ever been and that bodes well for the Company’s plans to have Black Swan ready for restart.” A total of 3,662 metres of diamond drilling was performed at the bottom of the Silver Swan decline between March and June this year. Three holes have now been cased for further DHEM surveying later in the year to assist in resolving continuity and for future targeting. | |
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