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Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Silver Swan | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper | |
| Date: | 5/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 27-5-2019: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Silver Swan deposit at the Black Swan project. Drilling results incl. 7.48m @ 10.89% Ni from 131.52m. Poseidon Nickel (ASX: POS, “the Company”) is pleased to provide t | |
| Resources: | (Reserve, Prob.): 3.427Mt @ 0.72 Ni, 0.11% Co, 0.26% Cu at Black Swan and Silver Swan | |
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel (ASX: POS, “the Company”) is pleased to provide this update on its current drilling program at the Silver Swan and Black Swan deposits. Both deposits are immediately adjacent to Poseidon’s Black Swan concentrator and will form the foundation of a 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: “We are extremely excited with the Silver Swan results. By any measure the results have exceeded our expectations with the results at Silver Swan demonstrating some superior nickel grade and solid true width intersections. The two pronged approach we have adopted has been designed to test the potential and extension of ore sources at both Black Swan and Silver Swan. Combined, these drilling programs have yielded some extremely positive outcomes by virtue of grade width and scale and have prompted us to reassess and accelerate our future drilling programs. We will complete the drilling at the high-grade Silver Swan deposit in the next few weeks. Our focus, will then be to build on the potential of the Black Swan disseminated ore body above the Gosling deposit which will complement the Silver Swan higher grade success. From the outset, our objective has been to develop and improve resource potential in proximity to our processing facilities at Black Swan. We consider that the existing processing capabilities at Black Swan and extremely positive drilling results puts us in a unique position in this nickel province.” The drilling program was designed to confirm the | |
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