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Poseidon Nickel Ltd.
Summary
| Project: | Mt Windarra | |
|---|---|---|
| Deposit: | Windarra | |
| Location: | Australia | |
| Commodities: | Nickel-Gold | |
| Date: | 2/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 11-2-2020: Poseidon Nickel Ltd. announces an Exploration/Drilling Update report for its Windarra deposit at the Mt Windarra project. Drilling results incl. 5m @ 0.75% Ni from 12m. The Company has received the assays from the recent RC program at the Crazy | |
| Resources: | ||
| CP/QP: | [Overall Report]: Steve Warriner (Internal) | |
| ABSTRACT: | The Company has received the assays from the recent RC program at the Crazy Diamond Prospect near Windarra where both gold and nickel have been intersected. The Crazy Diamond Prospect is the next komatiite channel to the north of Poseidon’s Cerberus Discovery (69,000 Ni metal tonnes, see ASX announcement “Resource Increase of 25% at Windarra Nickel Project” released 1st December 2011). While intersecting nickel mineralisation was a secondary aim of the stratigraphic drilling, PNRC0309 did strike nickel enrichment in a 5m zone 10m below surface. Inspection of the drill chips revealed that the nickel enrichment is closely associated with gossanous oxide blebs which are interpreted to be weathered sulphides near the basal contact of a large komatiite flow. Importantly Poseidon does not consider the intersection to be related to the weathering profile. This is further confirmed by the underlying geochemistry as presented in the Table 5 attachment where manganese, iron, copper, chrome and magnesium appear as expected from weathered ultramafic and sulphides rather than from lateritic enrichment. | |
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