(MENAFN- ProactiveInvestors)
() will have initial results within days from its high impact drilling campaign at its wholly-owned East Laverton Property in Western Australia.
An update to the program has Hole DDRDD0004 at Desert Dragon Central completed to depth of 379 metres with multiple thick ultramafic units in contact with sulphide‐rich sequences have been encountered.
Provisional XRF analysis indicates anomalous nickel values.
The company said the drill data supports the increased nickel sulphide prospectivity in the eastern section of Desert Dragon Central and that drilling of DDRDD0007 has commenced to test the strong gravity anomaly at ‘Dragon 8’
John Prineas executive chairman commented:
“DDRDD0004 supports our geological model where the nickel sulphide prospectivity increases in the eastern part of Desert Dragon Central and this has important exploration implications.
“There are untested EM conductors in this eastern area and there is now increased geological context for these to potentially represent massive nickel sulphides.
"This includes the powerful Dragon 9 conductor which will be drilled soon.
“The hole now underway DDRDD0007 is the first hole to be drilled directly into a positive gravity feature at East Laverton.
"Drilling has already shown the edges of this large gravity anomaly to contain base metal sulphides.
“Drilling the very strong centre of the gravity anomaly will test for higher grade mineralisation in the main body.
"It is a very compelling scenario and we will have initial results over the next few days.”
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