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Sipa Resources Ltd.
Summary
| Project: | Kitgum Pader | |
|---|---|---|
| Deposit: | Akelikongo | |
| Location: | Uganda | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 6/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2016: Sipa Resources Ltd. announces an Exploration/Drilling Update report for its Akelikongo deposit at the Kitgum Pader project. Drilling results incl. 50m @ 0.43% Ni, 0.13% Cu, 0.03% Co from 0m. Further to its ASX Announcement of 2 June 2016, Sipa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lynda Burnett (Internal) | |
| ABSTRACT: | Further to its ASX Announcement of 2 June 2016, Sipa Resources Limited (ASX: SRI) is pleased to advise that it has now received all of the outstanding assay results from the recently completed Reverse Circulation (RC) drilling programs at the Akelikongo nickel-copper prospect, part of its Kitgum-Pader Base Metal Project in Uganda (Figure 1). The results support and reinforce the initial assays reported earlier this month, including several further broad zones of disseminated nickel-copper-cobalt mineralization. Collectively, the results – which include the highest grade and widest matrix to semi-massive intercepts drilled at the project to date – represent a significant advance in Sipa’s understanding of the emerging mineral system at Akelikongo. “The recent 12-hole program was designed to test the shallow and sparsely drilled area where the Akelikongo Ultramafic Complex comes to surface, to provide a better understanding of the geometry of the chonolith-hosting structure and the controls on the mineralization,” said Sipa Resources’ Managing Director, Lynda Burnett. “With all of the assays now to hand, I think we can say that the program has been highly successful,” she said. “The presence of broad zones of disseminated nickel-copper-cobalt mineralization together with zones of semi-massive sulphides has confirmed the significant scale and metal endowment of the system.” | |
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