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Strategic Minerals Plc
Summary
| Project: | Laverton Project | |
|---|---|---|
| Deposit: | Hanns Camp | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 11/2/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2017: Strategic Minerals Plc announces an Exploration/Drilling Update report for its Hanns Camp deposit at the Laverton Project project. Drilling results incl. 21m @ 0.97% Ni, 0.06% Co. Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Graeme Purcell (Petrichor Geological) | |
| ABSTRACT: | Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified mineral production and development company, announces the completion of the air core drilling for the nickel and cobalt targets at Central Australian Rare Earths' ("CARE") tenements at Hanns Camp, Western Australia, east of Laverton. Chairman of Strategic Minerals, Mr Alan Broome AM, commented: "SML acquired 100% ownership of CARE in May 2017 and we are pleased to announce that the completion of the first phase of exploration drilling at Hanns Camp has supported the identification of cobalt and nickel laterite mineralisation. These results are highly encouraging for the prospectivity of the mineralisation and provide a solid base for further exploration. "As stated when we commenced this programme, this drilling is the first phase of exploration of the highly prospective Hanns Camp tenements The intersection of both cobalt and nickel laterite mineralisation, over an extensive area, is encouraging and lays the ground work to further examine the initial objective of identifying a substantial nickel sulphide deposit. The addition of Dr Gole brings a fantastic level of expertise to the team and will ensure we are well placed as we move forward with exploration." | |
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