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Sipa Resources Ltd.
Summary
| Project: | Kitgum Pader | |
|---|---|---|
| Deposit: | Akelikongo | |
| Location: | Uganda | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 12/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-12-2016: Sipa Resources Ltd. announces an Exploration/Drilling Update report for its Akelikongo deposit at the Kitgum Pader project. Drilling results incl. 84.5m @ 0.37% Ni, 0.16% Cu from 138m. Further to the announcement of 17 November, Sipa Resources | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lynda Burnett (Internal) | |
| ABSTRACT: | Further to the announcement of 17 November, Sipa Resources Limited (ASX: SRI) is pleased to advise that it has now received all final assay results from the recent drilling program at the emerging Akelikongo nickel-copper discovery, part of its Kitgum Pader Project in Northern Uganda. The final assays have confirmed the previously reported assay results for holes AKD017 and AKCD006, which intersected visible massive and disseminated sulphides. Assays for these holes were fast-tracked with preliminary results reported on 17 November and featured significant nickel and copper assays of up to 2.5% Ni and 2.4% Cu. The results for all of the remaining holes support the Company’s new geological model for the Akelikongo discovery with the recent drilling providing a much better indication of the orientation and controls on the better mineralised basal position – which appears to be strengthening and potentially thickening downplunge – and the thick overlying zone of disseminated mineralization. Sipa has now received all results for the recent RC and diamond drilling program. Assaying for PGE’s for selected samples is now underway. The drilling program, which was designed to further delineate zones of massive and disseminated sulphides intersected earlier in 2016, consisted of 9 RC holes, 6 RC holes with diamond tails, and 1 diamond hole drilled from surface for a total of ~1,800m of drilling. 12 holes were drilled to test the Akelikongo Ultramafic Complex with the remaining four holes testing additional targets in the immediate Akelikongo area. | |
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