NICKELSEARCH LIMITED (ASX: NIS)
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Visual sulphide mineralisation, including massive sulphides, intersected at the Sexton Prospect. Nickel sulphide mineralisation found at shallower depths than expected. Assay results expected in early August, with follow-up DHEM surveys planned to test the extent of the mineralisation.
Sexton Prospect diamond drillhole intersects massive sulphide mineralisation at depth in the Lower Mineralised Horizon (LMH). Multiple sulphide intersections range from 0.25 to 0.95 meters thick over a 9.85-meter interval. Second diamond hole to follow at Sexton, approximately 60m along strike and planned depth of 250m.
NickelSearch Limited intersects visual nickel sulphides in the first diamond drilling at Carlingup Nickel Sulphide Project. The strike length of nickel mineralisation at Sexton extends to 190m and remains open. Entitlement Offer for shareholders remains open until Friday 16 June 2023.
Diamond drilling to commence at Sexton and B1 targets in Carlingup Nickel Sulphide Project, Western Australia. Previous reverse-circulation drilling at Sexton showed continuity of mineralization over 150m, and B1 confirmed and extended known nickel sulphide intercepts. Diamond drilling aims to improve understanding of geology and architecture at these high priority greenfield nickel sulphide targets.
Initial RC drilling completed at B1 and Serendipity in the Carlingup Nickel Project, extending the area of known historical nickel sulphide intercepts. NickelSearch's strategy focuses on identifying high-grade nickel sulphides to complement their existing shallow, large-scale nickel sulphide resource base. Drilling is currently occurring at RAV8 and Sexton, with diamond drilling planned in early June to target high-grade mineralization extensions.
NickelSearch Limited announces a fully underwritten non-renounceable pro-rata Entitlement Offer to raise $2.4M for nickel and lithium exploration. Funds will be used for high-impact exploration at the Carlingup Nickel Project in Western Australia, including RC drill programs and early exploration at lithium target areas. Discovery Capital and Cumulus Wealth are Joint Lead Managers to the capital raise, and the Entitlement Offer is fully underwritten by Discovery Capital.
An independent geochemical review identified lithium and VHMS mineralisation potential at NickelSearch's Carlingup Project near Ravensthorpe, Western Australia. Five high priority Lithium-Caesium-Tantalum (LCT) pegmatite target areas and four Volcanogenic Hosted Massive Sulphides (VHMS) targets have been identified. Parallel exploration programs for nickel sulphide, lithium, and VHMS will be undertaken at the Carlingup Project.
NickelSearch reports significant upgrade of Carlingup nickel sulphide Indicated Resources to 8.3Mt @ 0.52% Ni, 0.06% Cu, and 0.01% Co. Global JORC 2012 Resource of 155kt contained nickel achieved. Focus in CY2023 to deliver high-grade nickel discoveries to complement the existing shallow resource base through testing of high-priority regional targets.
223 soil samples taken over greenfield targets Serendipity and B1 within the Carlingup Nickel Project in Western Australia. Results show significant nickel plus coincident pathfinder anomalism over both prospects. Maiden RC drill programs at Serendipity and B1 scheduled to commence April 2023.
NickelSearch completed maiden drill program at Sexton prospect in Carlingup Nickel Project in WA Assays confirm massive sulphides at Sexton contain significant nickel mineralisation DHEM surveys show mineralisation extends down-plunge and remains open; follow-up drilling planned to target high-grade channel
Downhole electromagnetic survey results at Sexton show high to very high conductive sources, confirming prospectivity for massive sulphides. DHEM plates extend 80m down dip and >150m down-plunge from recent drilling intersecting 6m of massive and matrix sulphides. DHEM plates coincide with historic nickel sulphide intersections, giving confidence in extensional targets for planned follow up drilling in Q2 CY23.
NickelSearch Limited has completed a Reverse Circulation drill program at the Carlingup Nickel Sulphide Project near Ravensthorpe, Western Australia. Drilling focussed on geochemical and geophysical anomalies at three high priority target areas: Javelin, Sexton and RAV8 South. Visual logging has confirmed mineralisation in three holes at Sexton, with a six-meter interval in 23NRC012 showing similarities to historic hole RVD010 15.