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Western Areas Ltd.
Summary
| Project: | Cosmos Nickel Complex | |
|---|---|---|
| Deposit: | Neptune | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Western Areas Ltd. announces an Exploration/Drilling Update report for its Neptune deposit at the Cosmos Nickel Complex project. Drilling results incl. 65m @ 0.82% Ni from 68m. Western Areas Ltd (ASX:WSA, Company) is very pleased to announce the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Charles Wilkinson (Not stated) | |
| ABSTRACT: | Western Areas Ltd (ASX:WSA, Company) is very pleased to announce the return of nickel grade intercepts from its first ever phase of RC and RC pre-collar drilling at the Neptune prospect within the Cosmos Nickel Complex (Cosmos). The RC drilling, and subsequent diamond coring programme is planned to confirm the first of a series of electromagnetic anomalies in the Neptune area, identified from a geophysical survey completed in 2016 (Figure 1). Western Areas Managing Director, Dan Lougher, commented that the results for the first phase of drilling at Neptune are especially encouraging. “Although drilling is at an early stage, the intersection of nickel sulphides at shallow depth in the first phase of drilling at Neptune is a strong endorsement of targeting this area and clearly confirms our view of the prospectivity of the Cosmos district. The substantial exploration opportunities at Cosmos, including largely untested prospects such as Neptune, were a key part of our acquisition rationale.” “We await the outcome of further geophysical surveying, and the completion of the diamond core tails. We have the drill rigs and budget available to quickly accelerate the rate of drilling at this new target as required,” said Mr Lougher. “Neptune is an area that the prior owners of Cosmos were never able to drill test, and I would like to acknowledge the mutual cooperation and relationships which have been developed between the Tjiwarl traditional owners and Western Areas that have allowed us to access the area,” said Mr Lougher. | |
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